Calculating Income & Assets

HOTMA regulations, which became effective January 1, 2024, have created sweeping changes in the affordable housing industry. These changes greatly affect the way we calculate a family’s eligibility in the LIHTC world. This training is designed for front-line staff (property managers, leasing aides, etc.) that are involved in determining critical income eligibility prior to entry into the property.

This interactive, virtual 5-hour workshop will take an in-depth focus on these changes as they relate to determining and calculating income and assets for the Low-Income Housing Tax Credit (LIHTC) household. During this session we will look at the new definitions of who is considered a family member and a household member; what is counted as income and what is to be considered an asset, as well as, calculating income from an asset; income and asset exclusions; the new rules regarding student financial assistance; along with other critical HOTMA changes and updates.

Class participants will have the opportunity to try their skills on a number of real-world practice scenarios. Participants will need to have a calculator available during the training.

All attendees will receive a Certificate of Attendance.