Annual Income

• Identify the types of income that must be included in or excluded from annual income using 24 CFR, Section 7 of the 50058, learning activities, and narrative instruction
  • Identify types of income that are included and types that are excluded from annual income, including federally mandated exclusions
  • Calculate annual income, including annualizing income figures, rounding, and net vs. gross income
  • Determine when to impute sanctioned welfare, calculate the amount, and how to offset imputed welfare with new income 
  • Determine how to treat different types of income including self employment, seasonal, sporadic, periodic payments, and lump sums 
  • Calculate the incremental increase for training program income and understand when to exclude that incremental increase

Earned Income Disallowance (EID)

• Calculate and track the earned income disallowance (EID) using 24 CFR, NMA’s EID worksheet, learning activities, discussion, and narrative instruction
  • Identify the three qualifying criteria to receive EID
  • Calculate the incremental increase
  • Identify challenges and strategies for tracking EID in both the initial exclusion period and the phase-in period

Assets

• Identify assets and calculate income from assets using 24 CFR, Section 6 of the 50058, learning activities, and narrative instruction
  • Calculate the cash value, market value, and anticipated income from assets
  • Calculate imputed asset income when the total cash value of assets exceeds $5000
  • Identify which assets are included and which are not
  • Calculate the market value, cash value, and net rental income for rental property
  • Identify assets disposed of for less than fair market value and calculate the amount to be imputed for two years from the date of sale

Adjusted Income

• Calculate adjusted income by correctly deducting HUD-defined allowances and expenses from annual income using 24 CFR, Section 8 of the 50058, learning activities and narrative instruction
  • Identify who qualifies for the dependent and elderly/disabled allowances
  • Calculate the childcare allowance, the income cap (when it applies), and identify who qualifies and what expenses qualify for the deduction 
  • Calculate the disability assistance expense, income cap, 3% threshold, and identify who qualifies and what expenses qualify for the deduction
  • Calculate the medical expense deduction, 3% threshold, and identify who qualifies and how to set policies for what expenses qualify
  • Determine how family composition affects qualifications for deductions and calculate adjusted income using the 5 major HUD deductions

Verification

• Recognize the requirements for verification of income, allowances, and expenses using the HUD verification guidebook and narrative instruction
  • Discuss HUD’s verification hierarchy and how it relates to PHA practice
  • Understand the importance of documentation in the verification process 
  • Identify the role of HUD’s EIV system and when to use it in the verification process

Rent Calculation

• Calculate rent using annual and adjusted income in learning activities using Sections 9, 10, and 12 of the 50058 as well as narrative instruction
  • Calculate TTP using total monthly income, minimum rent, welfare rent, and adjusted monthly income
  • Determine the role of the utility allowance and when a family would receive a utility reimbursement payment
  • Demonstrate an awareness of the minimum rent range and the process for minimum rent hardship exemptions
  • Calculate and identify rent methods and tenant choice of rent method for the public housing program including tenant rent, flat rent, and ceiling rent
  • Calculate prorated rent for mixed families