The Housing Opportunity Through Modernization Act (HOTMA) introduces significant updates to HUD’s multifamily housing programs, making them more efficient, transparent, and equitable for both housing providers and residents. By simplifying income calculations, updating asset policies, and streamlining recertification processes, HOTMA reduces administrative burdens while ensuring that housing assistance reaches those who need it most.
For property owners and managers, these changes bring reduced compliance risks, self-certification options for smaller assets, and a de minimis error policy to prevent minor miscalculations from leading to severe penalties. HOTMA also modernizes HUD’s verification processes—including expanded use of Enterprise Income Verification (EIV)—to improve accuracy while reducing workloads.
As HUD continues rolling out guidance, now is the time to adapt and leverage these improvements to strengthen compliance and enhance operational efficiency. Join us to gain expert insights and practical strategies to navigate these transformative updates successfully.
Webinar Objectives
HOTMA’s changes bring both opportunities and challenges for housing professionals. With updates to income calculations, asset limits, and recertification processes, staying compliant requires a deep understanding of new policies and best practices. This webinar breaks down HOTMA’s complex provisions into clear, actionable guidance, helping property owners, managers, and compliance specialists:
- Understand key HOTMA updates and their impact on housing programs
- Navigate new income and asset verification rules with confidence
- Reduce compliance risks and avoid costly errors
- Implement best practices for accurate reporting and streamlined operations
Webinar Agenda
- Overview of HOTMA and its significance
- Income Calculation Changes – Understanding exclusions, deductions, and prior-year income rules
- Asset Limits & Ownership Rules – New thresholds, self-certification, and real estate ownership impact
- Recertification & Verification Challenges – Adjusting workflows to meet new rules
- Updating Compliance Policies – Aligning organizational practices with HOTMA
- Streamlining Verification & Recertifications – Using EIV effectively and managing Annual and Interim Re-examinations (AR/IR)
Webinar Highlights
- Understand the Key Changes Under HOTMA and the major modifications to HUD regulations, particularly regarding income determination, asset limitations, and recertifications.
- Identify New Income Exclusions and Deductions by recognizing the types of income that are now excluded from calculations, such as nonrecurring income, trust distributions, and gifts, and explain the revised medical expense deductions.
- Describe the Impact of HOTMA on Asset Calculations by understanding the new rules for net family assets, including imputed asset income, self-certification for assets, and the implications of asset ownership limits.
- Explain Changes to Recertification and Verification Processes by detailing how anticipated and prior-year income is used for recertifications and discuss the new policies on interim recertifications (IR), consent forms, and Enterprise Income Verification (EIV).
- Discuss Implementation and Compliance Requirements for HUD Programs by summarizing the steps that multifamily property owners need to take to comply with HOTMA regulations, including updates to policies, procedures, and required forms.
Who Should Attend
HUD Multifamily funded properties: onsite staff, staff of owners and managing agents, compliance officers
