4-1 SUBMISSION ANNUAL ADMIN PLAN_EXHIBIT 3

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Chapter 6 INCOME AND SUBSIDY DETERMINATIONS \[24 CFR Part 5, Subparts E and F; 24 CFR 982\] INTRODUCTION payment and the subsidy. The PHA will use the policies and methods described in this chapter to ensure that only eligible families receive assistance and that no family pays more or less than its obligation under the regulations. This chapter describes HUD regulations and PHA policies related to these topics in three parts as follows: Part I: Annual Income. HUD regulations specify the sources of income to include and PHA policies for calculating annual income are found in Part I. Part II: Adjusted Income. Once annual income has been established HUD regulations require the PHA to subtract from annual income any of five mandatory deductions for which a family qualifies. These requirements and PHA policies for calculating adjusted income are found in Part II. Part III: Calculating Family Share and PHA Subsidy. This part describes the statutory formula for calculating total tenant payment (TTP), the use of utility allowances, and the methodology for determining PHA subsidy and required family payment. PART I: ANNUAL INCOME 6-I.A.OVERVIEW The general regulatory definition of annual income shown below is from 24 CFR 5.609. 5.609 Annual income. (a) Annual income means all amounts, monetary or not, which: (1) Go to, or on behalf of, the family head or spouse or to any other family member (even if temporarily absent); or (2) Are anticipated to be received from a source outside the family during the 12-month period following admission or annual reexamination effective date; and (3) Which are not specifically excluded in \[24 CFR 5.609(c)\]. (4) Annual income also means amounts derived (during the 12-month period) from assets to which any member of the family has access. Page 6-1 04/01/14