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6-I.L. ADDITIONAL EXCLUSIONS FROM ANNUAL INCOME [24 CFR 5.609(b) as <br />updated for HOTMA; FR Notice 1/31/2024] <br />Other exclusions contained in 24 CFR 5.609(b) as updated for HOTMA and FR Notice <br />1/31/2024 that have not been discussed earlier in this chapter include the following: <br /> Payments received for the care of foster children or foster adults or state or tribal kinship or <br />guardianship care payments [24 CFR 5.609(b)(4) as updated for HOTMA]. <br /> Insurance payments and settlements for personal or property losses, including but not limited <br />to payments through health insurance, motor vehicle insurance, and workers’ compensation <br />[24 CFR 5.609(b)(5) as updated for HOTMA]. However, periodic payments paid at regular <br />intervals (such as weekly, monthly, or yearly) for a period of greater than one year that are <br />received in lieu of wages are included in annual income [Notice PIH 2023-27]. <br /> Amounts received by the family that are specifically for, or in reimbursement of, the cost of <br />health and medical care expenses for any family member [24 CFR 5.609(b)(6) as updated for <br />HOTMA]. <br /> Any amounts recovered in any civil action or settlement based on a claim of malpractice, <br />negligence, or other breach of duty owed to a family member arising out of law, that resulted <br />in a member of the family becoming disabled [24 CFR 5.609(b)(7) as updated for HOTMA]. <br /> Income and distributions from any Coverdell education savings account under Section 530 of <br />the Internal Revenue Code of 1986 or any qualified tuition program under Section 529 of <br />such Code [24 CFR 5.609(b)(10) as updated for HOTMA]. <br /> Income earned by government contributions to, and distributions from, “baby bond” accounts <br />created, authorized, or funded by federal, state, or local government [24 CFR 5.609(b)(10) as <br />updated for HOTMA]. <br /> The special pay to a family member serving in the Armed Forces who is exposed to hostile <br />fire [24 CFR 5.609(b)(11) as updated for HOTMA]. <br /> Payments related to aid and attendance under 38 U.S.C. 1521 to veterans in need of regular <br />aid and attendance [24 CFR 5.609(b)(17) as updated for HOTMA]. This income exclusion <br />applies only to veterans in need of regular aid and attendance and not to other beneficiaries of <br />the payments, such as a surviving spouse [Notice PIH 2023-27]. <br /> Loan proceeds (the net amount disbursed by a lender to or on behalf of a borrower, under the <br />terms of a loan agreement) received by the family or a third party (e.g., proceeds received by <br />the family from a private loan to enable attendance at an educational institution or to finance <br />the purchase of a car) [24 CFR 5.609(b)(20) as updated for HOTMA]. The loan borrower or <br />co-borrower must be a member of the family for this income exclusion to be applicable <br />[Notice PIH 2023-27]. <br />EXHIBIT 1