BMIR-only families are not asset-tested and no income is imputed from their assets

bmir.asset_treatment.no_asset_threshold_test_and_no_imputed_asset_income · v1.0.0

For a family receiving only Section 221(d)(3) BMIR assistance it is not necessary to determine whether family assets exceed the handbook's asset threshold, and the rule for imputing income from assets does not apply to the BMIR program. Actual income received from assets is still income; what does not apply is the imputation of a passbook return on assets whose actual return cannot be determined. The exclusion reaches a family receiving BMIR assistance ALONE - where the same family also receives Section 8, Rent Supplement, RAP or another form of rental assistance, the asset rules for that assistance apply to the determination made for it.

Confidence

medium

Effective from

2013-11-27

Consequence model

agency finding with cure

Last reviewed

2026-08-30