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Q&A: Income Calculations and Clarifications. 2017. Download PDF. Determining what to include in the calculation of income for qualifying for a low-income housing tax credit (LIHTC) home can be a gray area. Although HUD Handbook 4350.3 is not clear on this topic, the property manager

Interest, dividends, and other net income of any kind from real or personal property. Where net family assets are in excess of $5,000, annual income shall include the greater of actual income derived from net family assets or a percentage of the value of such assets based on the current passbook savings rate, as determined by HUD. 26) 27) 29) HUD Section 3 Definitions. For HUD's complete list on this rule, visit: 24 CFR 135.5 Definitions (www.ecfr.gov) Award [sub]Recipient Participants in TDHCA programs that receive awards (funded by HUD) through the TDHCA board of directors are "award [sub]recipients". 2.0 8/12/2014 Updated document to reflect HUD Exchange website rebranding The Calculator is a tool to help a grantee calculate income, but it does not Grantees may have specific requirements written into their policies and procedures that are not included or accounted for in the Income HUD-OneCPD Income Eligibility Calculator. The OneCPD calculator is a tool provided by HUD to enter a household's information to determine income eligibility, but it does not verify income. The calculator does not replace the documentation that must be collected and retained by the user (applicant or grantee). In this session our expert speaker Andrea Champine will focus on the intricacies of a HUD property that is layered with Low Income Housing Tax Credits (LIHTC) and some of the different income 2. Very Low Income Tenants: The HTF rent plus utilities of a very low income tenant shall not exceed 30 percent of the income of a family whose annual income equals 50 percent of the median income for the area, as determined by HUD, with adjustments for the number of bedrooms in the unit. Ti