Monarch Properties, Inc. – Monarch Properties, Inc. Online ...
|INCOME & RENT CALCULATION WORKSHEET |
|Property Name: | |Unit: | |HOH Last Name: | |
| |
|HUD Section 8 HUD Section 8/236 HUD/USDA(515/Section8) USDA-RD/RA BMIR/Market |
|Effective Date: Move-in Program Change A/R I/R/Unscheduled Assign RA |
|GROSS + ADJUSTED INCOME CALCULATION: |
|INCOME |Gross Income (Total from all attached income calculator tapes): |$ |
|ASSETS |Total Cash Value of all Assets: |*$ | |
| |Total Actual Income of Assets: |$ | |
| |Imputed Asset Income: Impute if total Cash Value Of Assets is at | | |
| |or above $5000 | | |
| | |*$ |X |
| |Total Gross Annual Income (GAI): |= |$ |
|DEDUCTIONS |Total of all Medical Expenses: |+ |$ | |
| |Total of all Handicap Care Expenses: |+ |$ | |
| |Less 3% of Gross Annual Income (above): |- |$ | |
|Total Allowable Deductions: |- |$ |
|ALLOWANCES |Dependents: Number of Dependents: | |X $480 |
| |Elderly Household: One $400 Allowance Per Household |- |$ |
|Adjusted Gross income AGI |= |$ |
|RENT CALCULATION: |
|HUD ONLY: 214 Prorated Rent for Ineligible NON-Citizen Yes No |
|HUD ONLY: Minimum Rent Hardship Exception Requested (attach TC-50) No Yes, Approved: Yes No |
|Total Tenant Payment (TTP)(AGI from above divided by 12 x 30%before utility allowance is deducted) | |$ |
|Less Utility Allowance: (If applicable) |- |$ |
|Tenant Rent: (TR) (Net Rent) |= |$ |
|Assistance Payment: (AP) |+ |$ |
|Bedroom size: ________ Contract/Basic/Market Rent: (TR + AP) |= |$ |
|PHA SECTION 8 VOUCHER HOLDERS: If applicable |
|Less Utility Allowance (If applicable) |- |$ |
|Tenant Rent: (TR) (Net Rent) |+ |$ |
|Assistance Payment: (AP) |+ |$ |
|Bedroom size: ________ Contract/Basic/Market Rent: (TR + AP) |= |$ |
|Contract Effective Date: | |
|INCOME LIMITS: Complete as applicable to the property based on the number of household members (include unborn children) |
|HUD |HUD 30% Ex Low Limit: (Applies at M/I only) |$ |
| |HUD Income Limit: (VL or L) |$ |
|USDA-RD |USDA-RD Income Limit: (515& 515/S8) VL, Low or Moderate |$ |
|HOUSING TAX CREDIT |Risk Share HOME Special Needs Families with Children |
|(From Rental Amounts and | |
|Income Ranges chart) | |
| |HTC Income Limit: ________________%HTC |$ |
| |HTC 140% Limit: (Applies after M/I only) |$ |
| |HTC Maximum Gross Rent: (From Rent Schedule) |$ |
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