Laserfiche WebLink
20451260E <br />Column (D) Enter the annual amount of alimony, child support, unemployment benefits or any other income <br />regularly received by the household. <br />? <br />Row (E) Add the totals from columnar (A) through (D), above. Enter this amount <br />Part IV — Income From Assets <br />See HUD Handbook 43503 for complete instructions on verifying and calculating income from assets, including acceptable <br />forma of verification. <br />From the third -party verification forma obtained from each and source, list the groats 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 Il, and complete a <br />separate line for each member. <br />Column (F) List the type of and (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 <br />family has disposed of the and for less than fair market value within two years of the effective date <br />of (re)certification). <br />Column (R) Enter the cash value of the respective assert. <br />Column (1) Enter the anticipated annual income from the asset (La., savings account balance multiplied by the <br />annual interest rate). <br />TOTALS Add the total of Columns (a) and (1), respectively. <br />If the total in Column (Ii) is greater than $5,000, you must do an imputed calculation of asset income. Enter the Total Cash Value, <br />multiply by 2°/a and enter the amount in Column (n, imputed Income. <br />Row (K) Enter the greater of the total in Column (1) or M. <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 r, ► st sign <br />and dates 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 />Part V -- Determination of Income Eligibility <br />Total Annual Household Income Enter the number from itern (L). <br />from all Sources <br />Current Income Limit per Family Enter the Current Move -in Income Limit for the household size. <br />Sin <br />Iousehold income at move -in For recertification only. Enter the household income from the move -in <br />Household size at move -in certification_ On the adjacent line, enter the number of household members from the <br />movc4n 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 - asides) for the project. <br />Current Income Limit x 140% For recertification only. Multiply the Current Maximum Movc -in Income Limit by <br />144% 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 />