Location: CHFA Denver, 1981 Blake Street, Denver, CO 80202

Sign in: 8:30am MT 

Class: 9:00am to 5:00pm MT

There is no doubt that HOTMA is a hot topic in today’s housing circles. Look no further for the guidance you need!

CHFA is pleased to be working with the National Center for Housing Management (NCHM), one of the largest, oldest, and most respected credentialing agencies in the country. NCHM is the only agency specifically established by HUD to train and certify housing professionals.

Following a brief history on the US Housing Act of 1937 and a comparison of the pre- and post-HOTMA world, attendees will learn all the details of HOTMA and its impacts on nearly all compliance regulations. Attendees will learn how to apply new regulations surrounding income, assets, deductions, certifications, reporting, forms, and over-income families in public housing. 

The course will also address how the HOTMA guidance will affect Housing Tax Credit properties nationwide.

Topics covered include:

• inclusion of income for day laborers, independent contractors, and seasonal employees;
• revised definitions of foster children and foster adults, which will exclude their income and assets from being counted for a household;
• a rule that public housing participants are no longer considered participants of the program once their income exceeds a location-specific amount for 24 consecutive months, which may lead to termination of tenancy;
• changes to interim recertification rules, including policies that greatly favor the resident when it comes to reporting increases in earned income;
• a prohibition on assisting families who own real property in which they could feasibly live;
• the prohibition of residency at assisted properties for households whose net family assets total $100,000 or more;
• an increased cap on the threshold at which point the passbook savings rate must be applied to determine imputed income from assets;
• the right to self-certify net assets for households with less than $50,000 in assets;
• a new asset exclusion for IRAs and other retirement accounts;
• the potential for the dependent deduction amount to change each year to adjust for inflation (this will also impact the income inclusion caps on earned full-time student dependents’ incomes and on adoption assistance payments);
• adjustments to the minimum threshold for the inclusion of qualified medical and disability assistance expenses from 3 percent to 10 percent of annual income;
• an increase of the elderly family deduction from $400 to $525, which also may change year-over-year;
• changes to how frequently certain EIV reports must be run; and
• many more smaller changes.

There is no certification test at the conclusion of the eight-hour training course, but course attendees will earn a NCHM HOTMA designation.

Registration closes on August 13, 2024.

Cost: $425 member; $475 nonmember