With the implementation of HOTMA the fundamentals of income and its sources have been redefined. We will explore the new definitions outlined in Section 102 and 104 of the new ruling as well as discuss how to determine if the income is included or excluded. We must also explore the Student Financial assistance and how to determine the new method of including students over 24 years of age.
Why You Should Attend
Training on income fundamentals is crucial within the affordable housing community. Professionals involved in this sector, such as housing authorities and managing agents, benefit from understanding how to assess and verify applicant income for eligibility. This training aids in accurately calculating rents, implementing income targeting policies, and navigating government programs. Understanding income dynamics is key for effective policy advocacy and crisis response, ensuring professionals can address the unique challenges within the affordable housing sector.
Areas Covered
- New Income definition
- Income from Assets
- Student Financial Assistance New Method
- Calculation of Income and determining the 12 months used
- And much more
Who Should Attend
- Public Housing Occupancy Specialists
- Compliance Specialists
- Eligibility Techs
- PHA Staff
- Owners
- Property Managers
- Management Agents