MLCM Training: 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 4-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.

Cancellation Policy: No refunds will be given for cancellations received within two weeks of the date of the course or for registrants who fail to attend. A $50.00 administrative fee will be charged for all cancellations.

MLCM reserves the right to cancel the Workshop for lack of registrations. If this should occur, a full refund will be made. However, MLCM is not responsible for any related costs. MLCM will inform registrants of this decision at least ten days before the course begins.

If you have any questions, please contact M & L Compliance Management, LLC at 717-972-5711 or email Bette Newcomer at Ym5ld2NvbWVyIHwgbWxjbSAhIG5ldA==.

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