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hi and welcome to this week's Tuesday tip today let's focus on an important update for owners and agents it's time
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to revise those tenant selection plans so they comply with the latest HUD guidelines the HUD handbook particularly
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chapter 4 is our primary reference it clearly outlines both required and recommended topics for tsps with the
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introduction of hotma some previously recommended topics are now mandatory so it's crucial that integrate these
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changes into your plans HUD advises integrating most of your discretionary policies directly into the tsp this
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ensures compliance and Clarity in your tenant selection process so let's look at the specifics with reference to
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figure 42a in the HUD handbook update your tsp to include new hotma related information and
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discretionary policies for instance discuss aspects like the 100,000 threshold incorporate hot mut related
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changes and descriptions in your procedures for accepting applications and selecting tenants from the waiting list as well as procedures for rejecting
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ineligible applicants update policies regarding student eligibility and the application of the violence against
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women act including the incorporation of new forms and hot directives in addition to these policies we look to Hud's list
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of discretionary policies for multi family you should also address specific hotma updates such as di Minimus error
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and self-certification of net Family Assets which now includes a threshold of $50,000 or less detail new hotma
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guidelines on hardship exemptions for health medical expenses Child Care expense exemptions and phase in relief
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for families affected by the recent changes discuss the impact of hotma on interim reexaminations including change
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changes in adjusted income reporting changes and the effective date of the changes and highlight the revocation of
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consent forms the new requirements for means tested verification I.E Safe Harbor and the implementation of new
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verification methods and hierarchies in the tsp as owner agents updating your tsp is
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crucial for compliance with hotma and HUD guidelines the deadline is March 31st so make sure you review and
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integrate these changes promptly you can download the multif family hotma timeline on our website at navigat
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housing.com
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