HUD Publishes HOTMA Implementation Guidance: Are You Ready?

On Jan. 18, the HUD issued a notification that implements provisions for several Section 8 voucher programs under HOTMA. The notice addresses requirements impacting the housing choice voucher (HCV) and project-based voucher (PBV) programs. The HOTMA provisions are effective on April 18, but HUD is seeking further public common on the provisions' execution, according to the Midwest Affordable Housing Management Association (MAHMA).

Training Agenda:

This new ruling affects several programs and institutes changes in the various programs. Some of these changes include the following topics:

• Calculating Income & Income Reviews
• Deductions for determining adjusted income are being modified
• Eligibility Limitations
• Project based vouchers
• Public Housing Authorities Funds and Ownership
• Family Unification Program
• Homeless and Veterans Provisions
• Utility Consumption
• Disaster Housing Assistance Program
• Self-Help Home ownership Opportunity Program

The guidance sets forth the statutory provisions effective immediately under HOTMA, and the actions that may or should be taken now in order to comply with those changes, in addition to identifying the provisions that are not effective until HUD subsequently issues a notice or regulation to implement them.

Topics covered in the session:

• What is the HOTMA Program?
• Who is covered?
• What programs does it cover?
• What changes are necessary?
• When do they take effect?

Who Should Attend:

• Property managers
• Property owners
• Leasing consultants
• Accountants
• Tenant organizations
• Public Housing Agency staff

Plus, you can also ask a question unique to your requirement during Q & A session directly from our expert speaker.

Paul Flogstad

Paul has been involved in the real estate industry for the past 38 years. After college graduation was in law enforcement for 4 years. From that point on, he has been involved in sales, construction, project management, appraisal, mortgage consulting and brokerage, property management and property management consulting/training.

Most recently, he was a consultant for affordable, multi-housing properties in 22 different states. This involved properties in HUD, Rural Development and Tax Credit programs. In this role he supported managers by training, compliance, budgeting, developing policy and procedures as well as creating successful marketing strategies. Previously he was a regional manager for a large property management company in South Dakota.

For over twenty years was involved in appraisal of residential, multi-family, farm and commercial properties throughout the Midwest.

He holds numerous professional property management designations and currently holds the prestigious RHM designation from the National Center for Housing Management.

In 2007 he formed Property Management Solutions. In this capacity, he provides training and consulting services nationwide to owners, management companies, multi-housing associations, as well as state and federal agencies.

He currently serves as the Fair Housing Ombudsman for the State of South Dakota and is considered a nationally recognized expert in fair housing. He is also a national trainer specializing in tax credit properties for the National Center of Housing Management.