Key Requirements
HUD Handbook 4350.3 REV-1 — Occupancy Requirements of Subsidized Multifamily Housing Programs · 2026 edition · updated 2026-10-05 · United States
A. Annual income is the amount of income that is used to determine a family’s eligibility for assistance. Annual income is defined as follows:
All amounts, monetary or not, that go to or are received on behalf of the family head, spouse or co-head (even if the family member is temporarily absent), or any other family member; or
All amounts anticipated to be received from a source outside the family during the 12-month period following admission or annual recertification effective date.
B. Annual income includes all amounts that are not specifically excluded by regulation. Exhibit 5-1, Income Inclusions and Exclusions, provides a list of income inclusions and exclusions published in the regulations and Federal Register notices.
C. Annual income includes amounts derived (during the 12-month period) from assets to which any member of the family has access.
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