05 JTPH LACY & RAITT EX4 - Laserfiche WebLink

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{ii} Thirty percent {3D%) of the displaced person's average, monthly gross household income if the amount is classified as "lore income" by the U. S. Department of H©using and Urban Development's (HUD) Annual Survey of Income Limits for the Public Housing anti Section S Programs. HUD's Survey is shown as Attachment S. if a displacee refuses to provide appropriate evidence of income ar is a dependent, the base monthly rent shall be determined to be the average monthly cost for rent and utilities at the displacement dwelling; or (iii) The total of the amount designated for shelter and utilities if receiving a welfare assistance payment from a program that designated the amounts far shelter and utilities Table 4 provides an example of how a 104(d} rental assistance eligibility amount is determined: TABLE 4: Example Computation of 144(d) Rental Assistance Payments 1. Adjusted Gross Income $700 30% of Household's Monthly Adjusted Gross Income* -or- 2. Gross Income $400 l0% of Gross Monthly household Income 3. Greater of lines I and 2 $700 Total Tenant Payment Subtracted from the lesser of- 4. Actual New Rerit $795 Actual New Rent (includes utilities) -or 5. Comparable Rent $S15 Set by Developer (includes utilities) 6. Lesser of lines 4 and 5 $795 7. Monthly Need Amount $95 Subtract line 3 from line 6 Rental Assistance $5,700 Multiply line 7 (Monthly I\ieed} by 6fl months `Adjusted gross income means the total annual income of an individual household less the following: {1) a deduction of $48Q for each dependent; (2) a deduction of $4©Q for an elderly household; {3) a deduction for recurring extraordinary medical expenses; defined for this purpose to mean medical expenses in excess of3% oftotal income, where not compensated for, or covered by insurance or other sources, (4) a deduction of reasonable amounts paid for the care of children or sick or incapacitated family members when determined to be necessary to employment of the head of household or spouse, except that the amount deducted shall not exceed the amount of income received by the person who would not otherwise be able to seek employment in the absence of such care. Last I2esart Housiuzs Payments There is adequate "comparable replacement housing" available to meet the needs of the Project occupants, according to the housing survey. However, a combination of factors, Overland, Pacifac & Cutler, Inc.