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Part III - Annual Income <br />See HUD Handbook 4350.3 for complete instructions on verifying and calculating income, including acceptable foams of verification. <br />From the third party verification forms obtained from each income source, enter the gross amount anticipated to be received for the twelve months <br />from the effective date of the (re)centification. Complete a separate line for each income -earning member. List each respective household member <br />number from Part Il. Include anticipated income only if documentation exists verifying pending employment. If any adult states zero -income, please <br />note "zero" in the columns of Part III, <br />Column (A) <br />Enter the annual amount of wages, salaries, tips, commissions, bonuses, and other income from employment; <br />distributed profits and/or net income from a business. <br />Column (B) <br />Eater the annual amount of Social Security, Supplemental Security Income, pensions, military retirement, etc. <br />Column (C) <br />Enter the annual amount of income received from public assistance (i,e., TANF, general assistance, disability, <br />etc.). <br />Column (D) <br />Enter the annual amount of alimony, child support, unemployment benefits, or any other income regularly <br />received by the household. <br />Row (E) <br />Add the totals from columns (A) through (D), above. Enter this amount. <br />Part IV - Income from Assets <br />See HUD Handbook 4350.3 for complete instructions on verifying and calculating income from assets, including acceptable forms of <br />verification. <br />From the third party verification forms obtained from each asset source, list the gross amount anticipated to be received during the twelve months <br />from the effective date of the certification. If individual household member income is provided, list the respective household member number from <br />Pall Il and complete a separate line for each member. <br />Column (F) List the type of asset (i.e., checking account savings account etc.) <br />Column (G) Enter C (for current, if the family currently owns or holds the asset), or I (for imputed, if the family has disposed <br />of the asset for less than fair madcet value within two years of the effective date of (re)certification). <br />Column (FI) Enter the cash value of the respective asset. <br />Column (1) Enter the anticipated annual income from the asset (i.e., savings account balance multiplied by the annual <br />interest rate). <br />TOTALS Add the total of Column (H) and Column (I), respectively. <br />If the total in Column (H) is greater than $5,000, you must do an imputed calculation of asset income. Enter the Total Cash Value, multiply by <br />0.06% and enter the amount in Q), Imputed Income. <br />Row (K) Enter the greater ofthe total in Column (1) or O <br />Row (L) Total Annual Household Income From all Sources Add (E) and (K) and enter the total <br />HOUSEHOLD CERTIFICATION AND SIGNATURES <br />After all verifications of income and/or assets have been received and calculated, each household member age 18 or older must sign and date ire <br />Tenant Income Certification. For move -in, it is recommended that the Tenant Income Certification be signed no earlier than 5 days prior to the <br />effective date of the certification. <br />Part V — Determination of Income Eligibility <br />Total Annual Household Income from all Enter the number from item (L). <br />Sources <br />Current Federal LIHTC Income Limit per Enter the Current Move -in Income Limit for the household size — specifically, the max income <br />Unit Meets Federal Income Restriction at limit for the federal 60%, 50% or A.I.T (20%- 800%) set aside. <br />60%, 50% or A.I.T (20%- 80%) <br />Current Bond Income Limit per Family Enter the Current most restrictive Move -in Income Limit for the household size — specifically, the <br />Size max income limit incorporating both federal and in some instances more restrictive state standards <br />as reflected in the 50%or 60%set aside detailed in the Bond Regulatory Agreement. <br />Tenant Income Certification (April 2021) <br />