Quiz | HUD Adjusted Income Deductions | Part 2
Nov 23, 2022
NOTE: the answers to questions 1 - 5 were found in Part 1.
Are the following allowable deductions when determining adjusted income for programs that use HUD's adjusted income rules to calculate rent, like HUD, RD, and over-income HOME units?
6. $960 in dependent deductions for two dependent children (ages 15 and 16) in a household.
7. $480 dependent deduction for a foster child.
8. $800 in elderly deductions for a household with two members over age 62.
9. Childcare for a 9-year-old foster child that allows a foster mother to work.
10. Childcare that a father pays for his son that lives with his mother.
Click for Answers
Looking for quality online on-demand Affordable Housing training for new managers? Or a great refresher for more experienced ones? Check out our Jump Start! New Manager Bundle. The bundle includes Qualifying Households for the programs that you need and Fair Housing Fundamentals. More information on this amazing bundle is HERE.
There is a very good chance that the topic of this post is covered in an online on-demand course at Costello University.
Stay connected with news and updates!
Join our mailing list to receive the latest news and updates from our team.
Don't worry, your information will not be shared.
We hate SPAM. We will never sell your information, for any reason.
