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Tax Credit Housing and Income

April 27, 2021

How Are Allowable Assets Determined?
In U.S. Department of Housing and Urban Development (HUD) affordable rental housing programs, owners and public housing agencies must determine annually a family’s income for eligibility. Included in the calculation is projected income from assets.

Here’s the difference between assets and income.

The government has a specific definition of income that it uses to determine a household’s or an individual’s eligibilty to receive certain benefits.

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