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200109053 <br />Column (D) Enter the annual amount of alimony, child support, unemployment benefits, or any other income <br />regularly received by the household. <br />Row (E) Add the totals from columns (A) through (D), above. Enter this amount. <br />Part IV — Income from Assets <br />See HUD Handbook 4350.3 for complete instructions on verifying and calculating income from assets, including acceptable <br />forms of verification. <br />From the third -party verification forms obtained form each asset source, list the gross amount anticipated to be received during the <br />twelve months from the effective date of the certification. List the respective household member number from Part II and complete a <br />separate line for each member. <br />Column (F) List the type of asset (i.e., checking account, savings account, etc.). <br />Column (G) Enter C (for current, if the family currently owns or holds the asset), or I (for imputed, if the family <br />has disposed of the asset for less than fair market value within two years of the effective date of <br />(re)certification). <br />Column (H) Enter the cash value of the respective asset. <br />Column (I) Enter the anticipated annual income from the asset (i.e., savings account balance multiplied by the <br />annual interest rate). <br />TOTALS Add the total of Column (H) and Column (I), respectively. <br />If the total in Column (H) is greater than $5,000, you must do an imputed calculation of asset income. Enter the Total Cash Value, <br />multiply by 2% and enter the amount in (J), Imputed Income. <br />Row (K) Enter the greater of the total in Column (I) or (J). <br />Row (L) Total Annual Household Income From all Sources. Add (E) and (K) and enter the total. <br />HOUSEHOLD CERTIFICATION AND SIGNATURES <br />After all verifications of income and or assets have been received and calculated, each household member age 18 or older must sign <br />and date the Tenant Income Certification. For move -in, it is recommended that the Tenant Income Certification be signed no earlier <br />than 5 days prior to the effective date of the certification. <br />Total Annual Household Income <br />from all Sources <br />Current Income Limit per Family <br />Size <br />Household income at move -in <br />Household size at move -in <br />Part V — Determination of Income Eligibility <br />Enter the number from item (L). <br />Enter the Current Move -in Income Limit for the household size. <br />For recertification only. Enter the household income from the move -in <br />certification. On the adjacent line, enter the number of household members from the <br />move -in certification. <br />Household Meets Income Check the appropriate box for the income restriction that the household meets <br />Restriction according to what is required by the set - aside(s) for the project. <br />Current Income Limit x 140% For recertifications only. Multiply the Current Maximum Move -in Income Limit by <br />140% and enter the total. Below, indicate whether the household income exceeds <br />that total. If the Gross Annual Income at recertification is greater than 140% of the <br />current income limit, then the available unit rule must be followed. <br />01- 351904.01 B -5 <br />