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EXHIBIT 1 7-I.C. STREAMLINED INCOME DETERMINATIONS [24 CFR 960.257(c); Notice PIH 2O23-27] HUD permits PHAs to streamline the income determination process for family members with fixed sources of income. While third -party verification of all income sources must be obtained during the intake process and every three years thereafter, in the intervening years, the PHA may determine income from fixed sources by applying a verified cost of living adjustment (COLA) or other inflationary adjustment factor. Streamlining policies are optional. The PHA may, however, obtain third -party verification of all income, regardless of the source. Further, upon request of the family, the PHA must perform third -party verification of all income sources. Fixed sources of income include Social Security and SSI benefits, pensions, annuities, disability or death benefits, and other sources of income subject to a COLA or rate of interest. The determination of fixed income may be streamlined even if the family also receives income from other non -fixed sources. Two streamlining options are available, depending upon the percentage of the family's income that is received from fixed sources. When 90 percent or more of a family's unadjusted income is from fixed sources, the PHA may apply the inflationary adjustment factor to the family's fixed -income sources, provided that the family certifies both that 90 percent or more of their unadjusted income is fixed and that their sources of fixed income have not changed from the previous year. Sources of non -fixed income are not required to be adjusted and must not be adjusted by a COLA, but PHAs may choose to adjust sources of non -fixed income based on third -party verification. PHAs have the discretion to either adjust the non -fixed income or carry over the calculation of non -fixed income from the first year to years two and three. 025 City Council — 374 5 2 25