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Towne Tip: HUD Net Family Asset Limit: What Applies and When
A household admitted with $107,000 in net family assets exceeds the 2026 limit and must be denied. The same amount at reexamination in 2027 falls under the threshold entirely. Why the applicable figure, and the consequence for exceeding it, both depend on the exact date in front of you.
Towne Tip: Real Property Determination Under HOTMA’s Asset Limitation
The Torres household's jointly owned property clears HUD's four-part test entirely, and its $95,000 value still counts toward the household's net family assets. The two questions real property raises under HOTMA, and why clearing one does not resolve the other.