4. Balances held in retirement accounts.
HUD Handbook 4350.3 REV-1 — Occupancy Requirements of Subsidized Multifamily Housing Programs · 2026 edition · updated 2026-10-05 · United States
Do retirement accounts count as assets for HUD rent?
Count only amounts you can access now as assets; exclude funds available solely at retirement, though IRA/Keogh balances count despite penalties and any elected lump sum after retiring is an asset. If you receive periodic benefits, count the payments as income, not the remaining balance.
a. Balances held in retirement accounts are counted as assets if the money is accessible to the family member. For individuals still employed, accessible amounts are counted even if withdrawal would result in a penalty. However, amounts that would be accessible only if the person retired are not counted.
b. IRA, Keogh, and similar retirement savings accounts are counted as assets, even though withdrawal would result in a penalty, unless benefits are being received through periodic payments.
c.
Include contributions to company retirement/pension funds:
(1) While an individual is employed, count only amounts the family can withdraw without retiring or terminating employment.
HUD Occupancy Handbook Chapter 5: Determining Income & Calculating Rent
8/13
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Section 1: Determining Annual Income
4350.3 REV-1
(2) After retiring or terminating employment, count as an asset any amount the employee elects to receive as a lump sum.
d. Include in annual income any retirement benefits received through periodic payments. Do not count any remaining amounts in the account as an asset.
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