First, you MUST report ALL income that anyone in your family receives, and ALL assets that anyone in your family has.
The Housing Authority reviews the information and requires you to provide documentation to verify all of your income and assets.
Some types of income or assets may not be included in your rent calculation, but you are still required to report them.
What kind of income should I report to the Housing Authority?
You are required to report all income to us, even if you think we already know about it, or even if you think it doesnt count for our programs. This includes, but is not limited to:
Wages, salary, and tips
Welfare, Social Security, and other benefits, even if the benefits are intended for a child.
Child support, alimony, and other support from friends or family, including someone who pays bills, buys groceries, or provides other non-cash assistance
Financial aid and student loans
Self-employment income and work for cash, including side jobs like yard care, child care, selling merchandise at the flea market, etc.
Workers compensation, unemployment, disability payments, etc.
What kind of assets should I report?
You must report all assets owned by anyone in your family to the Housing Authority.
Generally, the value of the asset does not count as income. Only the income (such as interest) produced by the asset will count. If the asset does not produce any income, like money in a non-interest bearing checking account, the Housing Authority will use an assumed interest rate to estimate income.Assets you must report include, but are not limited to:
Pension and retirement accounts
Real estate and other property
Trusts, including special needs trusts
Settlements, inheritance, and other lump sum cash awards
Ownership in a business or partnership
How will you verify the income I report?
We will require that you provide documentation of all of your income and assets. Most documentation must be in the form of original documents, so make photo copies to keep for your records. Required documents include pay stubs, bank statements, benefits letters, tax returns, etc. You will be given a specific list of the type of documents needed.
We will also obtain direct verification from an online database maintained by HUD, called EIV. This database includes income and benefit information about you and your household. We will use the database to confirm the information you have provided to us. For more information about EIV, see the brochure called What You Should Know About EIV available at the Housing Authority office and website.Finally, if we still need more information we may contact an employer, bank, agency, etc. directly and ask them to fill out a form verifying your income or assets and return that form directly to us.
2931 Mission St. Santa
Cruz, CA 95060-5709 (831)454-9455 TDD: (831)469-0122
©2007 Housing Authority of the County of Santa Cruz. All rights reserved.