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Quiz | HOTMA HUD TSP Options | Part 2

hotma hud quiz Jul 31, 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.

Note: Questions 1-5 were in the June quiz.

6. Which of the following is NOT an acceptable means-tested program determination that can be used per HOTMA.

A) WIC

B) TANF

C) SSA

D) SSI

E) The LIHTC

7. Over which of the following income changes does an owner have the discretion to use a lower threshold than 10% when implementing an interim re-examination policy?

Increases or Decreases

8. EIV New Hires Reports are now only required to be run annually.

True or False

9. Which of the following is NOT adjusted based on an adjustment for inflation each year? [choose all that apply]

A) The dependent deduction

B) The passbook savings rate

C) The elderly deduction

D) All three asset "$50,000" rules

10. An owner has an enforcement policy of the asset limitations at re-examination. If a family assisted by Section 8 PBRA is out of compliance with the asset limitation, they must be evicted starting no later than 6 months after the re-examination where they were non-compliant.

True or False

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