May 18, 2021 in Certs/ 50059s (Including income/assets/expenses), RHIIP Listserv

RHIIP Listserv Posting #456: Reminder – Income Limits on HUD-50059

RHIIP Listserv Posting #456: Reminder – Income Limits on HUD-50059

This is a reminder regarding the timing of determinations of income eligibility.  As explained in HUD Handbook 4350.3, REV-1, paragraph 3-6.C.1, and in RHIIP Listserv #293, an applicant is eligible to be housed from the waiting list if the applicant has been determined to be eligible based on the prior year’s income limits and both the applicant and the owner have signed Form HUD–50059, even if revised (lower) limits are published prior to the applicant being housed.  In addition, there is no need to revise Form HUD–50059 at the point of admission to reflect the updated income limits.

Owners determine income eligibility prior to approving applicants for tenancy.  At the time the determination is made, the income limits in effect are identified on lines 87, 88, and 89 of Form HUD–50059, and this form is printed and signed by the applicant and the owner.  If the income limits are revised just prior to the applicant being housed, the determination of eligibility based on the prior year’s income limits remains in effect.

Within 45 days of publication of the revised income limits, owner software must reflect such limits.