Comprehensive Section 8: Calculating Income and Rent
Course Overview
Course Overview Introduction
Department of Housing and Urban Development
Department of Housing and Urban Development Introduction
HUD and Section 8 Program Overview
The Handbook
HUD's Directive System
Types of Income, Eligibility, and Rent Calculations
Types of Income, Eligibility, and Rent Calculations Introduction
Gross, Net, and Adjusted Income
Gross Rent, Contract Rent, and Utility Allowance
Income Eligibility
Calculating Tenant Rent
Verifications
Verifications Introduction
Required Verifications
Consent Forms
Acceptable Methods of Verification Introduction
Upfront Income Verification (UIV)
Third Party Verification from Source (Written)
Third Party Verification from Source (Oral)
Family Certification
Effective Term of Verifications
Specific Requirements for Verification
Gross Annual Income
Gross Annual Income Introduction
Gross Annual Income Overview
Annual Income Inclusions
Annual Income Exclusions
Calculating Gross Annual Income Introduction
Calculating Gross Annual Income: Current Circumstances
Calculating Gross Annual Income: Anticipated Circumstances
Calculating Gross Annual Income: Annualizing Income
Key Terms Related to Calculating Earned and Unearned Income
Rounding Guidance
Counted Income
Earned Income
Earned Income Introduction
Employment Income Overview
Anticipated Employment Income and Verification Checklist
Calculating Gross Annual Employment Income
Calculating an Anticipated Increase
Calculating Earned Income using Work Number Verifications
Calculating Earned Income using Paystubs
Calculating Seasonal & Sporadic Employment Income
Calculating Self-Employment Income
Calculating Military Pay
Unearned Income Excluding Income from Assets
Unearned Income Excluding Income from Assets Introduction
Unearned Income Excluding Income from Assets Overview
Calculating Unemployment Benefits
Court-Ordered Alimony and Child Support
Non Court-Ordered Alimony and Child Support
Alimony and Child Support via Public Assistance
Social Security and Supplemental Security Income
Welfare Rent
Periodic Payments
Lump Sum Payments
Tenant Service Stipends
Gift Contributions
Zero Income Households
Job Course and Training Program Income
Unearned Income from Assets
Unearned Income from Assets Introduction
Unearned Income from Assets Overview
Identifying and Annualizing Unearned Income from Assets
Calculating Unearned Income from Assets Under $5,000
Calculating Unearned Income from Assets Over $5,000
Jointly Owned Assets
Assets Disposed of for Less Than Fair Market Value
Key Aspects when Calculating Income from Assets
Checking Accounts, Savings Accounts, and Certificates of Deposit
Direct Express Cards
Stocks and Mutual Funds
Annuities
Retirement Accounts and Pensions
Revocable and Irrevocable Trusts
Income Received from Trusts
Mortgages or Deeds of Trust
Real Estate
Life Insurance
Savings Bonds
Cash on Hand
Zero Asset Family Members
Deductions and Adjusted Income
Allowable Deductions
Dependent Deduction
Child Care Deduction
Disability Assistance Expense Deduction
Medical Expense Deduction
Calculating Combine Medical Expense and Disability Assistance Deductions
Elderly Family Deduction
Rent Calculation
Calculating Total Tenant Portion
HUD Form 50059
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