<p>This five-hour course* (there will be a 1.5 - hour lunch break) provides concentrated instruction on the required methodology for calculating and verifying income, and for determining the value of assets and income generated by those assets. The first section of the course involves a comprehensive discussion of employment income, along with military pay, pensions/social security, self-employment income and child support. It concludes with workshop problems designed to test what the student has learned during the discussion phase of the training and serve to reinforce HUD required techniques for the determination of income.</p> <p>The second component of the training focuses on a detailed discussion of requirements related to the determination of asset value and income, and is applicable to all federal housing programs, including the low-income housing tax credit, tax-exempt bonds, Section 8, Section 515, and HOME. Multiple types of assets are covered, both in terms of what constitutes an asset and how must they be verified. This section also concludes with a series of problems, designed to test the student&rsquo;s understanding of the basic requirements relative to assets.</p> <p><strong>This course covers the sweeping changes made to the determination of income and assets by the final HUD HOTMA rule.</strong><br><br><br><strong>A calculator (battery-operated) is required for this course </strong>(cell phone calculators are acceptable).</p>