Determining Income and Allowances Training

Tuesday, October 23, 2018 - 8:00am

Crowne Plaza Columbus North, 6500 Doubletree Avenue, Columbus, OH 43229

A fundamental component of using housing grant funds effectively is ensuring they target eligible households.  Participants will learn how to effectively use the two definitions for annual income in Section 92.203 of the HOME Program Final Rule to determine eligibility for their HOME-assisted projects. Shawna LaRue Moraille, ICF, will provide participants with guidance to ensure program administrators are accurately targeting eligible households.  An hour will be dedicated to Columbus HUD office staff on common monitoring findings identified over the last couple of years and program issues for Fiscal Year 2019. 

Lunch will be provided.

Determining Income and Allowances

Agenda

 

8:00   Registration
  
9:00 - 9:15   Welcome, Introductions and Burning Questions
  
9:15 - 10:00   Income Basics
 
  • Key Terminology
  • Using the Two Definitions
  • Overview of Income Eligibility Process
  • Resources
10:00 - 10:15   Break
  
10:15 - 10:45   Determining Income
 
  • Determination of Household
  • Verification of Income
  • Wage Rates and Variations in Pay
  • Other Common Sources of Income
  • Projecting Income Forward
10:45 - 11:45   Columbus HUD Office Common Monitoring Findings
  
11:45 - 1:00   Lunch Provided with Registration
  
1:00 - 3:00   Calculating Gross Income:  Using the Two Definitions
 
   Part 5 Definition
  • Income Inclusions and Exclusions
  • Asset Inclusions and Exclusions
   IRS 1040 Definition
  • Income Inclusions and 1040 Deductions
  • Assets 

   Income Calculator demonstration using case studies

3:00 - 3:15   Break
  
3:15 - 4:00   Overall Income Policies, Procedures, and Recordkeeping
 
  • Policies and procedures
  • Record retention
4:00 - 5:00
   Calculating Adjusted Income/Tenant Based Rental Assistance
(only for those operating TBRA programs)
    Applicability and use
  • Deductions
  • TBRA models
  • Income Calculator demonstration



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