What is considered income?
Annual income is the anticipated total income from all sources received by the head of household and spouse and also by each additional family member who is over 18 years of age and not a full time student. This includes all income derived from assets for the 12 month period following the effective date of verification of income.
Do I have to verify my family’s income?
All income must be verified! Some examples of income include wages, social security, supplemental security income, child support, TANF, family support, pensions, etc. If unreported income is found it could result in the termination of housing assistance.
What deductions are allowed?
What is total tenant payment?
Total tenant payment is the highest of the following rounded to the nearest dollar.
What is adjusted income?
Adjusted income is annual income less deductions according to HUD regulations.
Do I have to report changes in my family’s income?
Yes! Your rent is based on your adjusted family income. You are required to let us know when there is a change in:
Depending on the change, the amount of rent you are required to pay can increase or decrease. If you do not report any changes within 10 days, you may lose your housing assistance.