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This quick quiz is designed to help HUD Multifamily property managers and compliance staff test their understanding of the HOTMA Final Rule and subsequent implementation guidance. It is by no means a comprehensive assessment of the participant's familiarity with HOTMA changes. Rather, it should be used as a resource to help stakeholders identify if they need additional training.

Please feel free to share this link with your peers so that they, too, can see how they score. Responses will not be shared.

All questions are based on HUD Multifamily implementation (not PIH or LIHTC implementation).

At the end of the quiz, you will see your score immediately! Don't hesitate to reach out to us if you'd like more information on our upcoming LIVE and IN PERSON HOTMA trainings or policy development. Contact info@desilvahousinggroup.com.

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* Please provide a few details about yourself.

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* Once I revise my Tenant Selection Plan to include HOTMA elements, I must begin using the plan immediately when screening my potential new move ins.

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* Owners must update which of the following elements by May 31, 2024, per published guidance?

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* Once my property implements HOTMA regulations, I will have 120 days from submission of a Move In, Initial or Interim certification to print the Income Detail Report and reconcile it to the Move In.

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* You have implemented HOTMA. It is Feb. 1, 2025. You are interviewing a household for their upcoming May 2025 Annual Recertification. You show them the EIV Income Report and they self-certify that they agree with the information displayed on the report. You can use the income figures provided on the report for which category(ies) of income?

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* Once HOTMA is implemented, owners of Section 202/8 properties have the option to not enforce the Asset Restrictions ($100k Asset Cap or Real Property Rule) for their new admissions.

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* Multifamily owners must use the income information on a completed Interim Recertification that was finalized since the last Annual Recertification for the upcoming Annual Recertification if no changes since that IR have occurred.

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* Multifamily owners have the option of increasing the income reporting threshold for the purpose of processing Interim Recertifications to 15% so long as they disclose that discretionary decision in their TSP.

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* Once HOTMA is implemented, Multifamily owners have the discretion to collect a single bank statement for a checking account as acceptable verification as opposed to the 6 month sample.

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* To implement HOTMA correctly, owners must provide tenants with 30 day Notices for New Model Leases and terminate some lease terms early to align all current residents with the new lease.

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* The HOTMA update to Form 9887/9887A will eliminate the need for tenants to execute new release forms every 15 months.

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* Once HOTMA is implemented, foster income (both earned and unearned) and assets no longer count on the HUD 50059 for the foster family.

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* The threshold that must be met before a family receives a medical and/or disability deduction for out-of-pocket expenses is going to increase from 3% to which of the following percentages, under new HOTMA regulation?

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* By what date must an owner have completely implemented all elements of HOTMA?

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* Under HOTMA, which of the following methods of verifying and calculating annual income will owners NOT be able to use?

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* All certifications effective 1/1/2024 or later that were fully signed after 10/13/2023 must include the COLA adjustment for Social Security Administration Federal Benefits.

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