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Item 12 - Agreements for Habitat for Humanity of Orange County Affordable Ownership Units
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Item 12 - Agreements for Habitat for Humanity of Orange County Affordable Ownership Units
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7/10/2024 5:18:56 PM
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7/10/2024 10:34:24 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
12
Date
7/16/2024
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EXHIBIT 2 <br />EXHIBIT D <br />(2) The maximum amount which the public assistance <br />agency could in fact allow for the Household for shelter and utilities. <br />(vii) Periodic and determinable allowances such as alimony and <br />child support payments, and regular contributions or gifts received from persons not residing in <br />the dwelling; <br />(viii) All regular pay, special pay and allowances of a member of <br />the Armed Forces (whether or not living in the dwelling) who is head of the Household or spouse <br />or domestic partner (but see subdivision (b)(v)); <br />(ix) Where a Household has net assets in excess of $5,000, <br />income shall include the actual amount of income, if any, derived from all of the net Household <br />assets or 10 percent of the value of all such assets, whichever is greater. For purposes of this <br />section, net Household assets means value of equity in real property other than the Household's <br />full-time residence, savings, stocks, bonds, and other forms of capital investment. The value of <br />necessary items such as furniture and automobiles shall be excluded. <br />(b) The following items shall not be considered as income: <br />(i) Casual, sporadic or irregular gifts; <br />(ii) Amounts which are specifically for or in reimbursement of <br />the cost of medical expenses; <br />(iii) Lump -sum additions to Household assets, such as <br />inheritances, insurance payments (including payments under health and accident insurance and <br />worker's compensation), capital gains and settlement for personal or property losses; <br />(iv) Amounts of educational scholarships paid directly to the <br />student or to the educational institution, and amounts paid by the government to a veteran for use <br />in meeting the costs of tuition, fees, books and equipment. Any amounts of such scholarships, or <br />payments to veterans not used for the above purposes of which are available for subsistence are <br />to be included in income; <br />(v) The special pay to a serviceman head of a Household away <br />from home and exposed to hostile fire; <br />local relocation law; <br />(vi) Relocation payments made pursuant to federal, state, or <br />(vii) Foster child care payments; <br />(viii) The value of coupon allotments for the purchase of food <br />pursuant to the Food Stamp Act of 1964 which is in excess of the amount actually charged the <br />eligible Household; <br />5 <br />5 53 94.00101 \42405 923.1 <br />
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