HOTMA is the biggest change to calculating income at affordable housing properties in the last 40 years and it affects all programs that use the Section 8 regulations at 24 CFR 5.609 as the basis for determining income. While there may be differences in the implementation of HOTMA by Housing Finance Agencies or Rural Development, both the LIHTC program and the RD program are required to calculate income in accordance with 24 CFR 5.609. HOME and National Housing Trust Fund units combined with LIHTC also use the Section 8 method of calculating income. Join us for a course that will cover the HOTMA concepts that are common to all of these programs.

This course will be presented via a recording of two live webinars that took place on August 27, 2024, and September 10, 2024. The videos cover:

Part I - Income Basics

• What is counted
• Verification methods

Part II - Assets and Income from Assets

• What is counted
• Verification methods
• How asset income is included in annual income

These are concepts that will apply to Section 8, RD, LIHTC and HOME/NHTF units within LIHTC properties. Note that this course will not cover concepts that are specific to Section 8 properties such as adjusted income, the asset limitations, and interim recertifications.