$HOTMA Essentials: Calculating Assets 2\/18\/2025$

Join us for this deep dive into determining income from assets under HOTMA!
About this Event

The Housing Opportunity through Modernization Act (HOTMA) has significantly transformed the landscape of income calculation for affordable housing programs, particularly in relation to household assets. This shift has implications for how program administrators and housing authorities assess eligibility and determine rental assistance.

In this two-hour webinar, Gary Kirkman, Director of Compliance Training will provide a comprehensive review of determining asset income under HOTMA. This session will not only cover the HOTMA changes but also refreshers on how to calculate common asset sources that HOTMA did not impact.

What You Can Expect from This Webinar:

Comprehensive Review of HOTMA Changes: Gary will delve into the specific modifications introduced by HOTMA, focusing on how these updates affect the calculation of income derived from household assets.

Detailed Asset Income Calculation: Participants will learn the updated methodologies for determining asset income under HOTMA, ensuring they remain compliant with the latest guidelines.

Refresher on Common Asset Sources: In addition to the HOTMA-specific changes, the session will revisit established practices for calculating income from common asset sources that HOTMA has not altered, providing a well-rounded understanding of the overall asset income landscape.

Key Topics Covered:

Asset Inclusions: Clarification on which types of assets are considered when calculating income.

Asset Exclusions: A review of assets that should not be included in income calculations, ensuring accurate assessments.

Inputting Asset Income: A clear and thorough overview of the changes regarding when and how to impute asset income.

Asset Limitation: A review of the new regulation that sets restrictions on the assets individuals can hold when applying for Section 8 assistance.

Whether you’re a housing authority staff member, a property manager, or a nonprofit organization working with low-income households, this webinar will provide valuable insights to enhance your understanding of HOTMA and its implications for affordable housing income calculations.

Join us to stay informed and ensure compliance in your housing programs!