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Each tenant is re-certified once a year on the anniversary date of move-in.
The process of verifying income and deductions is begun 10-12 weeks ahead of time to allow for the paperwork to be completed.
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All income must be verified including social security, wages, pensions, interest, AFDC, etc.
Properties such as real estate, bank accounts, certificates of deposits, etc., are considered as assets and only the interest (or inputed interest) is included as income.
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Rent may go up or down according to circumstances but will remain at 30% of adjusted monthly income.
You, as the applicant, are responsible for keeping your application up-to-date.
If you are currently receiving, or expect to receive, social security benefits please include a copy of your current benefits letter with this application.
In elderly or disabled households, expected out of pocket medical expenses (those expenses not covered by Medicare or insurance) in excess of 3% of the gross income are treated as a deduction. All of these expenses must be verified by your doctor, pharmacist, hospital, or insurance company.
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