What type of income can be excluded in determining annual income?

Prepare for the Multifamily Housing Specialist Certification Test with flashcards and multiple-choice questions. Each question features hints and explanations to bolster your study. Get exam-ready now!

Income from a live-in aide can be excluded in determining annual income because this type of income is not considered for the purposes of calculating eligibility for programs or assistance. The rationale behind this exclusion is that a live-in aide is typically there to provide necessary support and services to individuals who require assistance, often due to disabilities or other special needs. Thus, the presence of a live-in aide is meant to assist the tenant rather than to serve as a source of income that would affect their eligibility for housing assistance.

Other forms of income, such as temporary employment income or the income of adult children, are generally counted when determining a household's total annual income as these sources can contribute to the financial resources available to a household. Similarly, while many forms of government assistance might be excluded based on specific programs, they are not uniformly excluded for all situations, and hence they cannot universally be considered as an exclusion from annual income calculations. This is why live-in aide income is specifically recognized for exclusion in multifamily housing and assistance calculations.

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