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Determining Income and Allowances Training

Wednesday, September 25, 2019 - 8:00am

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.   NOTE - this is a duplication of training offered in October 2018.

Determining Income and Allowances

Tentative Agenda

 

8:00   Registration
  
9:00 - 9:15   Welcome, Introductions and Burning Questions
 
  •    Hot Button Issues
  
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 - 11:45   Determining Income
 
  • Determination of Applicant Household
  • Verification of Income
  • How to Read a Tax Return
  • Wage Rates and Variations in Pay
  • Other Common Sources of Income
  • Timing of Income Verifications
  • Annual Income Reverification
  
11:45 - 1:00   Lunch On Your Own
  
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 Adjustments
  • Taxable Assets 

   Demonstration of CPD Income Eligibility Calculator (if WIFI available)

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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OCCD
P.O. Box 776
Urbana, Ohio 43078
Phone:  (937) 652-3523
Fax:  1-866-728-4581
Email: office@occd.org
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