It is up to you—property owners and agents— to calculate income and assets to determine if you’re charging low-income residents the correct rent. Easier said than done!
The sticking point comes when tenants have assets that must be included in their income totals. “Wait!” you’re saying, “No sweat—I use software to tabulate those totals.” Not so fast: Even if you’re relying on software, the U.S. Department of Housing and Urban Development (HUD) expects you to double check those numbers. In other words, you’d better know whether those critical calculations are correct.
Join HUD policy and training expert Debbie Hixon in this virtual boot camp to learn how to determine correct rent calculations—without your computer! Yes, you’ll get the training you need to make sure your software is generating correct tenant rent and assistance payments. Hixon will walk you through every deduction you must consider, including childcare, healthcare, and auxiliary apparatus maintenance expenses. You’ll also find out how to determine if a household qualifies as “elderly” and how to take that factor into account.
After attending this comprehensive session, you will be set to calculate tenant rents with confidence. Most importantly, you’ll be on the right side of HUD’s Section 8 rules and well prepared if (or when!) HUD decides to conduct a Management and Occupancy Review of your properties.
Here is a taste of what you will learn:
This boot camp will help participants learn how to correctly calculate subsidized housing rents. It will consist of two sessions:
Time: 12 noon EST – 1:15 p.m. EST
Time: 1:30 p.m. EST – 2:45 p.m. EST