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<br /> <br /> <br /> <br />Mutual housing. cooperative. <br />Included in the definition of <br />National. A <br />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 />Near-elderly family. <br />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 />Netfamily assets. <br />(1) Net cash value after deducting reasonable costs that would be incurred in <br />disposing of real property, savings, stocks, bonds, and other forms of capital investment, <br />excluding interests in Indian trust land and excluding equity accounts in HUD <br />homeownership programs. The value of necessary items of personal property such as <br />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 market <br />value (including a disposition in trust, but not in a foreclosure or bankruptcy sale) during <br />the two years preceding the date of application for the program or reexamination, as <br />applicable, in excess of the consideration received therefore. In the case of a disposition as <br />part of a separation or divorce settlement, the disposition will not be considered to be for <br />less than fair market value if the applicant or tenant receives important consideration not <br />measurable in dollar terms. <br />Noncitizen. A <br />person who is neither a citizen nor national of the United States. <br />Notice offunding availability (NOFA). <br />For budget authority that HUD distributes by competitive <br />Federal Register <br />process, the document that invites applications for funding. This document <br />explains how to apply for assistance and the criteria for awarding the funding. <br />Office of General Counsel (OGC). <br />The General Counsel of HUD. <br />Owner. <br />Any person or entity with the legal right to lease or sublease a unit to a participant. <br />PHA Plan. <br />The annual plan and the 5-year plan as adopted by the PHA and approved by HUD . <br />PHA 's quality control sample. <br />An annual sample of files or records drawn in an unbiased <br />manner and reviewed by a PHA supervisor (or by another qualified person other than the <br />person who performed the original work) to determine if the work documented in the files or <br />records conforms to program requirements. For minimum sample size see CFR 985.3. <br />Participant (participantfamily). <br />A family that has been admitted to the PHA progra m and is <br />currently assisted in the program. The family becomes a participant on the effective da te of <br />the first HAP contract executed by the PHA for the family (first day of initial lease term). <br /> <br />GL-10 <br /> <br /> <br />