What do I need to do if my income changes?
You must report any and all changes to your income or household composition to your property manager. At that time, you and your property manager will determine if it is necessary to perform an adjustment.
You must report any and all changes to your income or household composition to your property manager. At that time, you and your property manager will determine if it is necessary to perform an adjustment.
The earned income disallowance (EID) is an incentive to encourage current public housing residents to become self-sufficient (no longer dependent on government aid). This incentive allows qualified tenants to not count a portion of income for a total of 12 months. In order to qualify for EID one of the following events must occur while a tenant lives in public housing (it could not have happened prior to move in.)
If your application is denied, you will receive written notice of the denial detailing the reason for denial. This notice will also inform you of your right to appeal this decision and what steps that you need to take.
Security Deposits are based upon income with $50 being the minimum security deposit. In determining the amount of security deposit to be paid the same formula is used that is used for calculating rent. However, your security deposit is equal to the amount of monthly rent before you subtract the HUD approved utility allowance.
Formula:
(Annual gross income – HUD approved deduction) / 12 x 30%=Security Deposit
Income is verified through the use of the Enterprise Income Verification system and third party verifications.
There is no limitation on the time that you can stay in public housing as long as you abide by the lease and still quality for housing.
SCRHA3 is responsible for the management and operation of its local public housing program ensuring compliance with all HUD regulations as well as local and state laws. SCRHA3 is also responsible for maintaining all units in a safe and decent manner.
Rent is based upon your income. HUD has established a formula for determining the exact amount of your rent, however, rent is typically 30% of your annual gross income minus a HUD approved utility allowance and any HUD approved deductions. However, there is a $50 minimum rent.
Formula:
(Annual gross income – HUD approved deduction) / 12 x 30%-HUD approved utility allowance=monthly rent
Yes.
Definitions of Preferences: