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Rules and Regulations of the Office of Housing and Community Development County of Hawai’i Table of Contents Chapter 6 INCOME AND SUBSIDY DETERMINATIONS \[24 CFR Part 5, Subparts E and F; 24 CFR 982\] PART I: ANNUAL INCOME ............................................................................................... 6-2 6-I.A. Overview ................................................................................................. 6-2 6-I.B. Household Composition and Income ...................................................... 6-3 Summary of Income Included and Excluded by Person ................... 6-3 Temporarily Absent Family Members .............................................. 6-4 Family Members Permanently Confined for Medical Reasons ........ 6-5 Joint Custody of Dependents ............................................................ 6-5 Caretakers for a Child ....................................................................... 6-6 6-I.C. Anticipating Annual Income .................................................................. 6-7 Basis of Annual Income Projection .................................................. 6-7 Projecting Income ............................................................................. 6-8 6-I.D. Earned Income ........................................................................................ 6-9 Types of Earned Income Included in Annual Income ...................... 6-9 Types of Earned Income Not Counted in Annual Income ............... 6-9 6-I.E. Earned Income Disallowance for Persons with Disabilities \[24 CFR 5.617; Streamlining Final Rule (SFR) Federal Register 3/8/16\] ....................................................................... 6-13 Eligibility ........................................................................................ 6-13 Calculation of the Disallowance ..................................................... 6-14 Original Calculation Method .......................................................... 6-14 Revised Calculation Method ........................................................... 6-15 6-I.F. Business Income \[24 CFR 5.609(b)(2)\] ................................................ 6-16 Business Expenses .......................................................................... 6-16 Business Expansion ........................................................................ 6-16 Capital Indebtedness ....................................................................... 6-16 Negative Business Income .............................................................. 6-17 Withdrawal of Cash or Assets from a Business .............................. 6-17 Co-owned Businesses ..................................................................... 6-17 6-I.G. Assets \[24 CFR 5.609(b)(3); 24 CFR 5.603(b)\] ................................... 6-18 Overview ......................................................................................... 6-17 General Policies .............................................................................. 6-18 Types of Assets ............................................................................... 6-22 6-I.H. Periodic Payments ................................................................................ 6-26 Periodic Payments Included in Annual Income .............................. 6-26 Lump-Sum Payments for the Delayed Start of a Periodic Payment ............................................................................ 6-26 Treatment of Overpayment Deductions from Social Security Benefits .................................................................. 6-27 Periodic Payments Excluded from Annual Income ........................ 6-27 6-I.I. Payments In Lieu of Earnings ............................................................... 6-28 © Copyright 2016 Nan McKay & Associates Adminplan 3/1/16 TOC-10 Unlimited copies may be made for internal use