HOTMA Is Coming – Are You Ready?
On January 31, 2023, HUD published the Housing Opportunities Through Modernization Act (HOTMA) Final Rule, in a preview version, as its first step in implementing many sweeping changes to HUD programs. HOTMA is aimed at modernizing federal affordable housing programs by aligning program rules with one another, simplifying important income-related definitions, and changing regulations.
NCHM is at forefront of HUD Compliance education, and we are on top of this seismic change in our industry. The HOTMA HQ will serve as your one-stop shop for all things HOTMA – from breaking news to frequently asked questions from the industry to information about our roadmap for course changes related to HOTMA. This page will be consistently updated to keep you informed and make sure that you are ready for the transition.
Upcoming HOTMA Training Sessions
A two-day, eight-hour comprehensive training course to get you ready for HOTMA in 2024.
June 6-7, 2024
July 25-26, 2024
On Sale Soon
August 22-23, 2024
On Sale Soon
September 26-27, 2024
On Sale Soon
October 17-18, 2024
On Sale Soon
November 14-15, 2024
On Sale Soon
Last Updated: February 7, 2024
NCHM has created a HOTMA FAQ page dedicated to answering questions directly from the industry. This includes questions that are raised during our HOTMA Compliance training courses. This FAQ is updated weekly so click the button below to check out the most recent questions, answered by NCHM experts.
Latest HOTMA News
NCHM staff recently reached out to IRS officials for guidance on how the agency will handle the Housing Opportunities Through Modernization Act (HOTMA) Final Rule
HOTMA Compliance Training
Sessions Running Now
NCHM has been the industry’s resource for HUD Compliance education for over fifty years, and our flagship HUD Compliance product, Certified Occupancy Specialist (COS), has been the gold standard for the industry for much of that time. NCHM’s HOTMA training course will be the gold standard in our industry in 2023, 2024, and beyond. NCHM is one of the largest, oldest, and most respected credentialing agencies in the country and the only one specifically established by HUD to train and certify housing professionals.
Every HOTMA online class includes both an instructor and a teaching assistant to ensure your questions are addressed quickly and accurately. There is no certification test at the conclusion of the two-day, eight-hour training course, but if you successfully attend both days, you will earn a HOTMA designation.
Attendees learn all the details of HOTMA and its impacts on nearly all compliance regulations. This includes:
- Clarifications on the inclusion of income for day laborers, independent contractors, and seasonal employees
- A revision to the 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 twenty-four 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 – from $5,000 to $50,000
- 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% to 10% 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
- Many more, smaller changes
HOTMA Compliance Session Agenda
- A brief history on the US Housing Act of 1937
- A comparison of the pre- and post-HOTMA world
- How to apply new regulations surrounding: Income, Assets, Deductions, Certifications, Reporting & Forms, and Over-Income Families in Public Housing
Delivered Online Over Two Days
1PM-5PM Eastern each day with a live instructor and teaching assistant
No Online Certification Exam; Designation Earned Upon Full Attendance
Course Materials Delivered Directly To Participants
Textbooks and shipping included in course fee
Designation Issued Upon Successful Attendance
Certificate of Completion available immediately upon finalization of attendance; inclusion in NCHM’s National Registry