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<br /> Administrative Plan 7/1/2025 <br /> <br />GL-13 <br />Minor. A member of the family household other than the family head or spouse, who is under 18 <br />years of age. <br />Mixed family. A family whose members include those with citizenship or eligible immigration <br />status, and those without citizenship or eligible immigration status. <br />Moderate deficiency. Under NSPIRE, this includes deficiencies that, if evident in the home or on <br />the property, present a moderate risk of an adverse medical event requiring a healthcare visit; <br />cause temporary harm; or if left untreated, cause or worsen a chronic condition that may have <br />long-lasting adverse health effects; or that the physical security or safety of a resident or their <br />property could be compromised. <br />Monthly adjusted income. One twelfth of adjusted income. <br />Monthly income. One twelfth of annual income. <br />Mutual housing. Included in the definition of cooperative. <br />National. A person who owes permanent allegiance to the United States, for example, as a result <br />of birth in a United States territory or possession. <br />National Standards for the Physical Inspection of Real Estate. HUD’s housing inspection <br />approach. NSPIRE is a single inspection standard for all units under the Public Housing, <br />HCV, Multifamily, and Community Planning and Development (CPD) programs. NSPIRE’s <br />focus is on the areas that impact residents the most, such as the dwelling unit. <br />Near-elderly family. A family whose head, spouse, or sole member is a person who is at least 50 <br />years of age but below the age of 62; or two or more persons, who are at least 50 years of age <br />but below the age of 62, living together; or one or more persons who are at least 50 years of <br />age but below the age of 62 living with one or more live-in aides. <br />Prior to PHA implementation of HOTMA 102/104: Net family assets. (1) Net cash value after <br />deducting reasonable costs that would be incurred in disposing of real property, savings, <br />stocks, bonds, and other forms of capital investment, excluding interests in Indian trust land <br />and excluding equity accounts in HUD homeownership programs. The value of necessary <br />items of personal property such as furniture and automobiles shall be excluded. <br />- In cases where a trust fund has been established and the trust is not revocable by, or under <br />the control of, any member of the family or household, the value of the trust fund will not <br />be considered an asset so long as the fund continues to be held in trust. Any income <br />distributed from the trust fund shall be counted when determining annual income under <br />§5.609. <br />- In determining net family assets, PHAs or owners, as applicable, shall include the value of <br />any business or family assets disposed of by an applicant or tenant for less than fair <br />market value (including a disposition in trust, but not in a foreclosure or bankruptcy sale) <br />during the two years preceding the date of application for the program or reexamination, <br />as applicable, in excess of the consideration received therefore. In the case of a disposition <br />as part of a separation or divorce settlement, the disposition will not be considered to be <br />for less than fair market value if the applicant or tenant receives important consideration <br />not measurable in dollar terms. <br />EXHIBIT 1