Purpose
The purpose of this training is to teach rent calculation for the multifamily housing industry and for PHAs who have RAD PBRA conversion properties.
Learning Outcomes
Upon completion of Multifamily Rent Calculation, you will understand what is included in and excluded from annual income, how to identify and calculate income from assets, how to recognize and apply deductions to calculate adjusted income, and how to calculate total tenant payment (TTP). You will also recall the requirements for verification, and the importance of the Enterprise Income Verification (EIV) system for multifamily housing.
Day One
- Read and interpret forms HUD-50059 and HUD-50059A and their accompanying instructions
- Identify and calculate annual income using the HUD Handbook 4350.3, REV-1, Change 4
- Recognize the requirements for phasing out the earned income disallowance (EID), as it applies to RAD PBRA conversions
- Identify assets and calculate income from assets based on the HUD Handbook 4350.3, REV-1, Change 4
Day Two
- Calculate adjusted income by correctly applying the HUD-defined allowances and expenses
- Recognize the requirements for verification of income, allowances, and expenses
- Identify the requirements for using the multifamily housing EIV system
- Calculate the TTP, tenant rent, and HAP, using the contract rent, utility allowance, and gross rent
- Calculate RAD PBRA rent phase-in
Day Three
- Utilize knowledge to complete rent calculation quizzes
- Apply rent calculation skills to solve hands-on case studies
Seminar #101-082
HOTMA-UPDATED AGENDA: View the agenda
STANDARD, NON-HOTMA AGENDA:
View the agenda for in-person classes
View the agenda for live web trainings
METHOD: A group-live seminar featuring PowerPoint, case studies, group discussion, course book, and Q&A
LENGTH: Three days
AUDIENCE: Multifamily housing management agent staff, supervisors, and owners
PROGRAM LEVEL: Basic
PREREQUISITES: None
ADVANCED PREPARATION: None
FIELD OF STUDY: Specialized Knowledge
EXAM: The certification exam is available for $175. Select the exam during checkout or click here to view a list of certification exams available.
CREDITS: CPE units = 20.75, CEU units w/ exam = 1.7
Nan McKay & Associates is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasbaregistry.org. In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.
CPE Sponsor ID# 101539
REGISTER: Fill out the PDF registration form and email to sales@nanmckay.com. Or select the seminar you'd like to attend from the list of locations and dates below to order online.
By registering for and attending this training, you agree that you will not copy, share, post, or otherwise disseminate training or exam materials, including but not limited to posting on the internet, internal network, shared drive, or other publicly accessible means of access. Unauthorized distribution of NMA materials may result in the loss of your certification and/or legal action. Hotel Recommendations: Please note that these are only recommendations. We also recommend asking for the government rate when booking rooms at any hotel. Cancellations: If you are unable to attend this seminar, you may send a substitute or receive a credit toward a future seminar, to be attended within a one-year period. If you are unable to attend, you must notify NMA in writing at least 60 calendar days prior to the start date of the seminar. If you do not notify NMA in writing, you are responsible for the entire registration fee. If you cancel less than 60 days prior to the start date of this seminar, a cancellation fee of $150 will be assessed. Substitutions must be in writing on company letterhead with the seminar name, location and attendee name, and received by NMA prior to the seminar start date. NMA reserves the right to cancel a seminar at any time. If a seminar is canceled by NMA, registration fees will be refunded or credited in full. NMA is not responsible for airfare, lodging or other related expenses. Please plan ahead by purchasing refundable airfare. Retaking Exams: Exam retake options vary; call for details. You are permitted to fail an exam three times before you are required to retake the seminar. NMA reserves the right to change any policies or pricing at any time and in its sole discretion. For more information regarding refund, complaint and program cancellation policies, please contact our offices at 800.783.3100.
