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Attachment C <br /> <br />The maximum income for program eligibility consists of the gross income of the Applicant(s). <br />In determining gross income, the combined income of all members of the household (other than <br />minors) who will be living in the residence and/or liable on the mortgage, or for the payment <br />of the mortgage, must be computed. <br /> <br />GROSS INCOME SHALL INCLUDE, BUT NOT BE LIMITED TO, ALL OF THE <br />FOLLOWING: <br /> <br />Ae <br /> <br />Be <br /> <br />Co <br /> <br />Fo <br /> <br />He <br /> <br />The gross amount, before payroll deductions, of wages and salaries, commissions; <br />fees; tips; bonuses; gambling winnings and prizes; and other compensation for <br />personal services. <br /> <br />The net income from the operation of a business or profession or from the rental of <br />real or personal property. For this purpose, if this operation results in a loss, the <br />loss may not be used to offset income generated from other sources. For this <br />purpose, any ~:~areholder that owns ten percent or more of any outstanding class of <br />stock in a corporation, shall also be deemed to have received income in its <br />proportionate share of net earnings not otherwise distributed in salaries or dividends. <br /> <br />All dividends and interest, including otherwise tax-exempt interest. <br /> <br />The full amount of periodic payments received from social security, housing <br />assistance payments, annuities, insurance policies, retirement funds, pensions, <br />disability or death benefits, and other similar types of periodic receipts. <br /> <br />Payments in lieu of earnings, such as unemployment and disability compensation, <br />worker's compensation, and severance pay. <br /> <br />The full amount of public assistance payments. <br /> <br />Periodic and determinable allowances, such as alimony and separate maintenance <br />payments received, housing allowances received, and regular contributions or gifts <br />received from persons not residing in the dwelling, where such sums are received <br />on a recurrent basis and which may be reasonably expected to continue. <br /> <br />The distributive share of partnership income. <br /> <br />Child support payments received by an Applicant for the benefit of the Applicant's <br />child or children. <br /> <br /> <br />