$HOTMA Essentials: Section 8 Asset Limitations 3\/25\/25$

HOTMA Essentials: Section 8 Asset Limitations
About this Event

Join us for a pivotal webinar focused on unpacking the asset limitation requirements mandated by the Housing Opportunities Through Modernization Act (HOTMA) for housing providers operating HUD’s Section 8 program. Led by industry expert Amanda Lee Gross, this session will delve into the intricacies of asset limitations and their implications for initial certification and annual recertification processes.

In this illuminating webinar, participants will gain comprehensive insights into HUD's asset limitation regulations under HOTMA, including the following key areas:

Asset Thresholds: Understanding the asset thresholds established by HUD under HOTMA, including the maximum net family assets permitted and the implications for eligibility determination.
Homeownership Restrictions: Exploring the provisions regarding homeownership and the effective legal right to reside in a home and their impact on applicant eligibility for housing assistance.
Initial Certification Requirements: Navigating the requirements for asset limitations during the initial certification process, including mandatory compliance and assessment criteria.
Discretionary Recertification: Understanding the housing provider's discretion regarding the imposition of asset limitations during annual recertification and best practices for exercising this discretion effectively.