Quiz | HOTMA HUD TSP Options | Part 1
Jun 26, 2024
By May 31, 2024, HUD required that owners/agents of HUD-funded properties have their Tenant Selection Plans and EIV policies updated for HOTMA changes. There were many options to choose from. Below tests knowledge of the options
1. EIV income reports must be run for a family _____ days after initial certification.
A) 30
B) 60
D) 90
D) 120
2. An owner/agent may have a policy to refuse to conduct interim re-examinations when family members secure new jobs.
True or False
3. When a family benefiting from the 5% or 7.5% phase-in moves to a new HUD property, the owner may not have a policy to allow the phase-in rate to continue at the new property.
True or False
4. At initial eligibility, an owner has which of the following options relating to real property and $100,000 asset limitations? [choose all that apply]
A) Total non-enforcement
B) Total enforcement
C) Limited enforcement with the option to cure
D) Exception policies
5. If a family revokes their release of information on form 9886 or 9887, the owner's policy may allow the household to continue to receive assistance indefinitely.
True or False
There is a very good chance that the topic of this post is covered in an online on-demand course at Costello University.
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