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The Accurate Treatment of Household Assets and Correctly Determining Net Asset Income
Objectives:
- To accurately identify assets that impacts the determination of Total Annual Income
- To Understand and apply the concept of “net household assets” based on HUD guidance
- To correctly calculate Asset Income that is incorporated into Total Annual income for the purpose of determining rent (Total Tenant Payment)
Determining Assets, Net Assets, and Income from Assets can often cause incorrect calculations of Total Tenant Payment. Although both HUD and Agencies have developed and used the EIV to improve the accuracy of determining income for assisted households, these systems do not identify income from net assets.
Net Assets are required by statute as an element of Total Annual Income. Unless Total Annual Income is accurately determined, the required application of the Federal Rent-to-Income ratio formula results will not be correctly computed.
Benefits:
- Increased accuracy of staff’s ability to input correct information, explains calculations to beneficiaries, and maintains quality in both determining income from Assets and Total Tenant Payments
- Reduced rent calculation errors
- Reduce HUD Audit Findings and possible loss of subsidy
- Increased confidence in mastering the tasks related to determining Annual Income and Rent Calculations
The E-Learning is interactive and hands-on practice through exercises, discussion and addressing participant’s specific questions. (.25 CEUs)
Instructor: Veronica Bukowski and Richard Stanton
2012 e-Learnings
| Date | Time | Register Online | Group Registration | Download Form |
|---|---|---|---|---|
|
January 28, 2013 Early bird price available! |
1:30 - 4:30 p.m. ET |
Please print out and fax in registration form below to NPDS at 202-289-8181 | ||
|
May 10, 2013 Early bird price available! |
1:30-4:30 p.m. ET |
Please print out and fax in registration form below to NPDS at 202-289-8181 | ||
|
September 20, 2013 Early bird price available! |
1:30-4:30 p.m. ET |
Please print out and fax in registration form below to NPDS at 202-289-8181 |
Tuition
| Registration Type | Early Price* | Regular Price |
|---|---|---|
| NAHRO Member | $195 | $260 |
| Non-Member | $295 | $360 |
*Applicable to registrations submitted up to 30 days before the seminar start date
About NAHRO's e-Learning Courses: This NAHRO e-Learning course is brought to you by the National Association of Housing and Redevelopment Officials. The online class, delivered in real time, allows you to interact with the instructor and other attendees--without leaving your desk.
IMPORTANT NOTES:
- To attend the class, you will need access to a computer with a high speed internet connection and a telephone with a standard phone line (preferably with speaker function/capacity)
- Registrants must have and provide an e-mail address to receive instructions for accessing the online class
- Registration cancellation or substitution notices should be sent to professionaldevelopment@nahro.org
- Only registered individuals who complete the course are eligible to receive a Certificate of Completion/Attendance
