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h. All regular pay, special pay and allowances of a member of the <br />Armed Forces (whether or not living in the dwelling) who is head of <br />the household or spouse (but see subdivision (2)(e)). <br />i. Where a household has net assets in excess of $5,000, income <br />shall include the actual amount of income, if any, derived from all of <br />the net household assets or 10 percent (10%) of the value of all <br />such assets, whichever is greater. For purposes of this section, net <br />households assets means value of equity in real property other <br />than the household's full-time residence, savings, stocks, bonds, <br />and other forms of capital investment. The value of necessary items <br />such as furniture and automobiles shall be excluded. <br />2. The following items shall not be considered as income: <br />a. Casual, sporadic or irregular gifts; <br />b. Amounts which are specifically for or in reimbursement of the cost <br />of medical expenses; <br />C. Lump -sum additions to household assets, such as inheritances, <br />insurance payments (including payments under health and accident <br />insurance and worker's compensation), capital gains and <br />settlement for personal or property losses; <br />d. Amounts of educational scholarships paid directly to the student or <br />to the educational institution, and amounts paid by the government <br />to a veteran for use in meeting the costs of tuition, fees, books and <br />equipment. Any amounts of such scholarships, or payments to <br />veterans not used for the above purposes of which are available for <br />subsistence are to be included in income; <br />e. The special pay to a serviceman head of a household away from <br />home and exposed to hostile fire; <br />f. Relocation payments made pursuant to federal, state, or local <br />relocation law; <br />g. Foster child care payments; <br />Indusionary Housing Agreement Page 5 <br />City of Santa Ana February 17, 2015 <br />1603\14\1654522.2 <br />