Quiz | RD HOTMA and Other Changes
Jun 25, 2025
- Verifications for RD purposes are good for ______ days.
A. 120
B. 120, and then they can be extended with verbal verification for 120 days
C. 90
D. 90, and then they can be extended with verbal verification for 120 days -
Unborn children are counted as family members and counted for income limit purposes.
True
False -
The HOTMA $100,000 (as adjusted) asset limitation applies to RD multifamily housing with rental assistance.
True
False -
Checking accounts are valued at a _________ balance.
A. 12-month average
B. 6-month average
C. 3-month average
D. current -
RD ________ the HUD verification hierarchy.
A. applies
B. does not apply -
The HOTMA restriction on a resident owning a home they can live in does not apply to RD multifamily housing with rental assistance.
True
False
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