Fact Sheet - Hud (Page 3 of 4) in pdf

or are held in an individual’s name but:

benefits because they are set aside for use under a



Plan to Attain Self-Sufficiency (PASS)

The assets and any income they earn accrue to



the benefit of someone else who is not a

Amounts received by a participant in other publicly

member of the household, and

assisted programs which are specifically for or in



reimbursement of out-of-pocket expenses incurred

that other person is responsible for income taxes

(special equipment, clothing, transportation, child

incurred on income generated by the assets

care, etc.) and which are made solely to allow



Assets that are not accessible to the applicant and

participation in a specific program

provide no income to the applicant (Example: A



Resident service stipend (not to exceed $200 per

battered spouse owns a house with her husband.

month)

Due to the domestic situation, she receives no



income from the asset and cannot convert the asset

Incremental earnings and benefits resulting to any

to cash.)

family member from participation in qualifying



State or local employment training programs and

Assets disposed of for less than fair market value as

training of a family member as resident management

a result of:



staff

Foreclosure



Temporary, non-recurring or sporadic income



Bankruptcy

(including gifts)



Divorce or separation agreement if the applicant



Reparation payments paid by a foreign government

or resident receives important consideration not

pursuant to claims filed under the laws of that

necessarily in dollars.

government by persons who were persecuted during

the Nazi era

Exclusions from Annual Income:



Earnings in excess of $480 for each full time student



Income from the employment of children (including

18 years old or older (excluding head of household,

foster children) under the age of 18

co-head or spouse)



Payment received for the care of foster children or



Adoption assistance payments in excess of $480 per

foster adults (usually persons with disabilities,

adopted child

unrelated to the tenant family, who are unable to



Deferred periodic payments of supplemental

live alone



security income and social security benefits that are

Lump-sum additions to family assets, such as

received in a lump sum amount or in prospective

inheritances, insurance payments (including

monthly amounts

payments under health and accident insurance and



Amounts received by the family in the form of

worker’s compensation), capital gains and

refunds or rebates under State of local law for

settlement for personal or property losses



property taxes paid on the dwelling unit

Amounts received by the family that are specifically



Amounts paid by a State agency to a family with a

for, or in reimbursement of, the cost of medical

member who has a developmental disability and is

expenses for any family member

living at home to offset the cost of services and



Income of a live-in aide

equipment needed to keep the developmentally



Subject to the inclusion of income for the Section 8

disabled family member at home

program for students who are enrolled in an

institution of higher education under Annual Income

Federally Mandated Exclusions:

Includes, above, the full amount of student financial



Value of the allotment provided to an eligible

assistance either paid directly to the student or to the

household under the Food Stamp Act of 1977

educational institution



Payments to Volunteers under the Domestic



The special pay to a family member serving in the

Volunteer Services Act of 1973

Armed Forces who is exposed to hostile fire



Payments received under the Alaska Native Claims



Amounts received under training programs funded

Settlement Act

by HUD



Income derived from certain submarginal land of the



Amounts received by a person with a disability that

US that is held in trust for certain Indian Tribes

are disregarded for a limited time for purposes of

Supplemental Security Income eligibility and

Fact Sheet - Hud Page 3

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