New York Codes, Rules and Regulations › Title 9 - EXECUTIVE DEPARTMENT › Subtitle S - Division of Housing and Community Renewal › Chapter III - Low Rent Housing › Subchapter C - Management Manual For Housing Authorities › Part 1627 - Occupancy › Subpart 1627-2 - Determination Of Eligibility For Admission Or Continued Occupancy Based On Income › Section 1627-2.3 - Definitions

Current through Register Vol. 46, No. 28, July 10, 2024
(a) Aggregate
						annual income is sum of all income received by one person during a 12-month
						period. The total of all such income received by all members of family, both
						adult and minor, is aggregate annual family income.
(b) The word anticipated when used in
						connection with annual income refers to income expected to be received during
						coming 12 months from date income is reported. It is the projection over a
						12-month period, of income being currently received, with any adjustments
						thereto as indicated by prior annual income, nature of employment and similar
						factors.
(c) Assets are cash or
						other property readily convertible to cash owned by an applicant or tenant or
						member of his household. The local housing authority should ascertain that
						total of such assets does not exceed maximum amount of assets permitted for
						admission or continued occupancy.
(d) Chief wage earner is person who is
						legally or morally responsible for dependents in household, whose income is
						generally from employment or self-employment and usually exceeds income of any
						other adult member of household. However, any question as to determination of
						chief wage earner should be resolved, if possible, on basis of affording
						advantage to applicant or tenant as to admission or continued occupancy
						limits.
(e) Deductions are amounts
						administratively determined and approved by Commissioner of Housing as proper
						exclusions in determination of aggregate annual income.
(f) Effective date of rent change is one of
						the following dates, as applicable:
(1) For
						annual income re-examinations under either policy of rent adjustment, rent
						adjustments, both increases and decreases, will be effective on first day of
						first month of calendar quarter following quarter in which annual income
						re-examination was scheduled except that, in case of rent decrease, information
						must first be verified. If such verification has not been received by above
						date, effective date will be first day of month in which verification is
						received.
(2) For quarterly income
						reviews, and on occasion of any change under interim rent adjustment policy and
						under noninterim rent adjustment policy, rent increase will be effective on
						first day of month following 30 calendar days from date of change if change is
						reported within 15 days of its occurrence. If change is not reported within 15
						days, rent increase will be effective on first day of month in which change
						occurred, with a retroactive charge being assessed if necessary.
(3) Rent decreases in all cases listed under
						paragraph (2) above will be effective on first day of month in which
						verification of reported change is obtained. It is the responsibility of the
						authority to be prompt in requesting verification of reported
						changes.