update

[fox]

Before I can has apartment for certain, I have to go through a process by which they certify that I qualify for this moderate-income rate (without which I could totally not afford the apartment in question).  This is no problem, on the one hand -- my salary is well below the relevant maximum, even after the very nice raise I was informed of earlier this week -- but on the other hand, they also want bank statements for all accounts, checking, savings, even retirement, even if unavailable without penalty.  Aie!  I know this is because they want to disqualify me if my interest income kicks me over the limit, which I don't think it will.  But, but, but -- what if they say Hey, look, you have this savings account, pay the rent out of that?

Assets aren't income.  Right?  Right?  I can't be disqualified on that basis.

Right?

Comments

[qrtrlfcrises.livejournal.com]

I don't know about your particular situation, but I know that HUD/Public Housing Agencies don't consider assets as income. Just the interest. I used to work for a public housing agency and there would be people with hundreds of thousands of dollards in CDs but very low incomes and they received housing assistance.

[darthfox.livejournal.com]

Thanks. My brother the lawyer said the same thing (in a this-is-not-legal-advice way as well, of course, lest you worry that I think you're giving me official counsel or something ;-) ), but knowing me I'll worry until they say I'm approved. (This is a county program of some kind, but it's not public housing as such -- the HOC pages for the county focus on the 50% median income group, and what's not about 50% is about the 30% group, but there's also a stratum for those of us in the 80% group, it just takes a lot of digging to find anyone talking about it. But hey, yay subsidies.)