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Please refer to example entitled:
What is the Household Income?
Notes:
Explanation/Example
SUBPART E Reference Section § 24.402(b)(2)(ii)
What is the household income?
Ms. Smith is a single mother and is in college full-time. She works evenings and weekends. She receives regular child support payments from the child's father and occupies a family owned dwelling at no rent. She provides you the following detail:
Her income as shown on a W-2 is $15,000 and child support is $4,800. You have estimated the rent value of the dwelling she occupies at $900 per month.
Suggested answer is $19,800. Monthly gross is $1,650.
Discussion: Income from employment and child support are considered as household income. The non-cash subsidy she receives from her family in the form of a rental abatement is not income. That issue should be routinely handled as part of the rent assistance determination.
To provide feedback, suggestions or comments for this page, contact Arnold Feldman arnold.feldman@fhwa.dot.gov