Description

Updated for HOTMA, this training is to teach rent calculation for the Housing Choice Voucher and Public Housing programs. Upon completion of this course, you will understand what is included in and excluded from annual income and how to identify and calculate income from assets, recognize and apply deductions to calculate adjusted income, and calculate total tenant payment (TTP). Also, how to calculate tenant rent and understand flat rents.

Duration: 10 hours

Instructor: Daryle Ensley, Senior Trainer and Consultant, Nan McKay & Associates, Inc.

Audience: Occupancy specialists, reexamination specialists, quality control officers

Learning Objectives:

• Read and interpret form HUD-50058 and its accompanying instructions
• Identify and calculate annual income
• Identify assets and calculate income from assets
• Calculate adjusted income by correctly deducting HUD-defined allowances and expenses from annual income
• Recognize the requirements for verification of income, allowances, and expenses
• Calculate rent at annual reexamination and initial occupancy
• Calculate the HAP and family share for an HCV family using the payment standard, utility allowance, and gross rent
• Calculate total tenant payment and tenant rent for a public housing family
• Calculate prorated rent for mixed families in public housing

Exam: To attain certification and earn CEUs, you must complete all the required coursework and earn 70% or higher on the final assessment. You will have three attempts to earn a passing score on the exam. If unsuccessful, you must wait 24 hours before making any additional attempts.

IMPORTANT: To obtain certification, learners will have a maximum of 6 months to complete all course requirements and achieve a passing score on the final examination.

Technology and Equipment Required: To complete this course, you will need an active email address, a computer, smartphone, or tablet with a stable internet connection to access the course parts and resources.

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More Information

• IACET Continuing Education Credit Hours: 1.0