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OLIVE CREST (4)
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Last modified
8/12/2025 5:15:03 PM
Creation date
8/12/2025 5:14:24 PM
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Contracts
Company Name
OLIVE CREST
Contract #
A-2025-121
Agency
Community Development
Council Approval Date
7/15/2025
Expiration Date
1/1/1900
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Table 2A: Household Assets 2 <br /> List the Value of All Assets Owned by all Adult Household Members Living in the Inclusionary Unit <br /> Other Adult <br /> Head of Household Return @ 10% <br /> Household Members Total of Total <br /> 1. Bank& savings accounts $ $ $ $ <br /> 2. Stocks and bonds $ $ $ $ <br /> 3. Real property $ $ $ $ <br /> 4. Other $ $ $ $ <br /> Table 2B: Income Earned Annually from Household Assets <br /> List the Actual Annual Return on All Assets <br /> Owned by all Adult Household Members Living in the Inclusionary Unit <br /> Other Adult <br /> Head of Household <br /> Household Members Total <br /> 1. Bank and savings accounts $ $ $ <br /> 2. Stocks and bonds $ $ $ <br /> 3. Real property $ $ $ <br /> 4. Other $ $ $ <br /> The return on Household assets to be included in the Gross Income calculation is set at the greater of <br /> the two amounts shown on the following page: <br /> Necessary items,such as furniture and automobiles, used for personal use are excluded from household assets. <br /> Collections of items for hobby,investment or business purposes must be included in household assets. Under California <br /> Government Code Section 5914, if the total value of household assets exceeds$5,000,the calculation of the household's <br /> annual income shall include the greater of the actual amount of income,if any,derived from all of the household assets;or <br /> 10%of the total value of the assets. <br /> Tenant Income Verification Form Page 2 <br /> Administrative Procedures Manual:Rental Housing Development June 3,2025 <br />
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