HUD updated its FAQ document to include some clarifications about the treatment of households stimulus payments, as well as the temporary enhancement of unemployment insurance, when calculating household income and program eligibility.
“Household stimulus payments of up to $1,200 (which is technically an advance tax credit) and the temporary $600 per week federal enhancement to unemployment insurance provided by the CARES Act are not to be included in calculations of income. However, HUD notes that regular payments of unemployment insurance (issued by the state) are treated as income, as is customary under program rules.”
HUD’s office of Multifamily Housing is streaming pre-recorded calls on updated COVID-19 guidance on SoundCloud. The recording from April 16 can be found here.
