Zero Income Worksheet Hud

Questionnaire for applicants residents who claim zero income property name.

Zero income worksheet hud. Zero income checklist and worksheet. Have an annual income at the time of admission that does not exceed the income limits established by hud that are posted in pha offices. Hud rules on zero income. Unit number if applicable.

Count the annual income of the head spouse or co head and. Figure 5 2 summarizes whose income is counted. This is only credible if the applicant has a very simple lifestyle. 5 6 calculating income elements of annual income a.

This checklist and worksheet is to be completed for all families whose total tenant payment equals the minimum rent for pha s without minimum rents or for all families reporting less than 100 per month in total. I we understand that if i we furnish false or incomplete information i we can be fined up to 10 000 or imprisoned up to five years or lose the subsidy hud pays and have my our rent increased. Hud the pha or the owner may be subject to penalties for unauthorized disclosures or improper uses of. Questionnaire for applicants residents who claim zero or sporadic income page 1 of 8 revised 5 29 18 2019 zero or very low income worksheet applicant resident name head of household name if different current address address line 2.

Verification of non case contributions please review and return with supporting documents. Income and or benefits such as child support social security etc and or has an adjusted income of less than 75 per month. Phas must determine the source of income when the family s regular expenditures conflict with. Income of adults and dependents 1.

With no other information available the owner will use the income reflected on mary s copy of her form 1040 as her annual income. To claim zero income in the hud section 8 housing program you must have no income from any source except student financial aid resident service stipends adoption assistance payments earned income for full time students except the head of. Zero income households pay 50 minimum rent for a period of no more than twelve 12 months after twelve 12 months the minimum rent is equal to the third 3rd income band on the rent schedule for the household s apartment size and property. Worksheet and zero income affidavit.

There are normal living expenses that continue even though you are not actively employed. Zero income asset income allowances deductions from income. D provide documentation of social security numbers for all family. Asset income worksheet allowance checklist adjusted income worksheet.

Phas encounter a certain number of applicants claiming to have no income over a substantial period of time. If the entire household is claiming zero income the head of household must certify. Dealing with families that report no income. To be given to applicant and or tenant as of october 19 2012 1.