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federalUnited StatesHOME Investment Partnerships Programincome_calculation
The participating jurisdiction selects the income determination method
home.income.determination_method · v1.0.0
For HOME rental projects subject to the 2013 regulatory amendments, the participating jurisdiction must select either the Part 5 annual-income definition or the IRS Form 1040 adjusted-gross-income definition and use one definition for each rental housing project. The Census long form is not an option under these regulations. Current 24 CFR 92.203(d) requires the Part 5 definition for rental projects where the PJ accepts the specified rental-assistance provider income determinations.
A structural point worth encoding explicitly: HOME deliberately leaves this to the PJ, so a rules engine that assumes Part 5 will produce confidently wrong answers on some properties. CORRECTION 2026-09-07: The record incorrectly presented Census long form as an unrestricted current HOME option and left its effective period open from 1992. HUD eliminated that option in the July 24, 2013 final rule, 78 FR 44628, effective August 23, 2013 (discussion at 44637; applicability at section 92.3). Evidence: https://www.govinfo.gov/content/pkg/FR-2013-07-24/pdf/2013-17348.pdf and current https://www.ecfr.gov/current/title-24/subtitle-A/part-92/subpart-E/section-92.203 paragraphs (c)-(d), checked September 7, 2026. Corrected this erroneous current summary in place at record_version 1.0.0; historical pre-2013 rules and later rental-assistance transition applicability need separate review.
- Confidence
- high
- Effective from
- 2013-08-23
- Last reviewed
- 2026-09-07
Evidence required
- HOME written agreement(exactly_one)
Citations
All sources verified within 1 day- HOME Investment Partnerships Program92.203(c)-(d)