HCV and Public Housing Rent Calculation
PURPOSE: The purpose of this training is to teach rent calculation for both the public housing and housing choice voucher programs. The seminar has been carefully structured for combination areas to be trained together. Final rule changes regarding EIV mandatory implementation are incorporated in this seminar. This course was recently updated to include information on PIH 2013-03 and 2013-04.
All students will also receive a free Earned Income Disallowance Kit (EID) Kit. The kit will provide your staff with simplified methods to accurately qualify families for the EID, calculate the exclusion amount correctly, and track throughout the up to 48 month qualifying period.
LEARNING OUTCOMES: Upon completion of the Housing Choice Voucher (HCV) & Public Housing Rent Calculation Training, using HUD regulations and guidance, you should be able to:
- Annual Income - Identify the types of income that must be included in or excluded from annual income using 24 CFR, Section 7 of the 50058, learning activities, and narrative instruction
- Identify types of income that are included and types that are excluded from annual income, including federally mandated exclusions
- Calculate annual income including annualizing income figures, rounding, and net vs. gross income
- Determine when to impute sanctioned welfare, calculate the amount, and how to offset imputed welfare with new income
- Determine how to treat different types of income including self-employment, seasonal, sporadic, periodic payments, and lump sums
- Calculate the incremental increase for training program income and understand when to exclude that incremental increase
- Earned Income Disallowance (EID) - Calculate and track the earned income disallowance (EID) using 24 CFR, NMA’s EID worksheet, learning activities, discussion, and narrative instruction
- Identify the three qualifying criteria to receive the EID as well as the differences in initial qualification for persons in the HCV and public housing programs
- Calculate the incremental increase
- Identify challenges and strategies for tracking EID in both the initial exclusion period and the phase-in period
- Assets - Identify assets and calculate income from assets using 24 CFR, Section 6 of the 50058, learning activities, and narrative instruction
- Calculate the cash value, market value, and anticipated income of assets
- Calculate imputed asset income when the total cash value of assets exceeds $5000
- Identify which assets are included and which are not
- Calculate the market and cash values and the net rental income for rental property
- Identify assets disposed of for less than fair market value and calculate the amount to be imputed for two years from the date of sale
- Adjusted Income - Calculate adjusted income by correctly deducting HUD-defined allowances and expenses from annual income using 24 CFR, Section 8 of the 50058, learning activities and narrative instruction
- Identify who qualifies for the dependent and elderly/disabled allowances
- Calculate the childcare allowance, the income cap (when it applies), and identify who qualifies and what expenses qualify for the deduction
- Calculate the disability assistance expense, income cap, 3% threshold, and identify who qualifies and what expenses qualify for the deduction
- Calculate the medical expense deduction, 3% threshold, and identify who qualifies and how to set policies for what expenses qualify
- Determine how family composition effects qualifications for deductions and calculate adjusted income using the 5 major HUD deduction
- Verification - Recognize the requirements for verification of income, allowances, and expenses using the HUD verification guidebook and narrative instruction
- Discuss HUD’s verification hierarchy and how it relates to PHA practice
- Understand the importance of documentation in the verification process
- Identify the role of HUD’s EIV system and when to use it in the verification process
- Rent Calculation - Calculate rent using annual and adjusted income in learning activities using Sections 9, 10, and 12 of the 50058 as well as narrative instruction
- Calculate TTP using total monthly income, minimum rent, welfare rent, and adjusted monthly income
- Determine the role of the utility allowance and when a family would receive a utility reimbursement payment
- Demonstrate an awareness of the minimum rent range and the process for minimum rent hardship exemptions
- Calculate and identify rent methods and tenant choice of rent method for the public housing program including tenant rent, flat rent, and ceiling rents
- Calculate rent for the HCV program including payment standards, HAP, affordability, and family share
- Calculate prorated rent for mixed families
||View the agenda
||Rent Calculation for HCV and Public Housing Workbook, Rent Calculation References Course Book, and NMA pen, pencil, calculator, and bag
||A group-live seminar featuring PowerPoint, case studies, group discussion, seminar materials (workbook, course book or master book), brainstorming, and Q & A
||Occupancy and reexam staff and supervisors
||The certification exam is available for $150. Select the exam during checkout or click here to view a list of certification exams available.
CPE units w/ exam = 21 CEU units w/ exam = 1.8
No prerequisites or advanced preparation required for this course
|AVAILABLE IN SPANISH:
This seminar is available in Spanish. Agencies who request this seminar in Spanish, receive a bilingual trainer and the PowerPoint presentation for the seminar in Spanish. Contact us for more information.
Este seminario esta disponible en español. Una agencia puede pedir este seminario en español y recibirá un entrenador bilingüe y la presentación de power point será en español. Comuníquese con nuestra oficina para más información.
||Fill out the PDF registration form and fax to 619.258.5791. Or select the seminar you'd like to attend from the list of locations and dates below to order online.