Does a tax credit apartment use your high or low income?

I applied for a tax credit apartment in Los Angeles, CA. (Thomas Safron Properties). My current and anticipated income is $100 under the tax credit maximum of $33,300. But I was rejected I believe (reasons not given to me yet) because the apartment owner added $82 overtime and a $700 bonus. Both the overtime and bonus are non-recurring, temporary, sporadic income; my employer verified/stated in writing it is not “anticipated” I will receive any more overtime, bonuses or other income. I read the HUD tax credit compliance manual which states “sporadic”, temporary, and non-periodic income must be excluded from the income calculation. If I win this fight I get an apartment valued at over $1300 for $850 per month. Is this worth the fight? Who do I complain to? Thanks much.

by the safety house mortgage assessment. Further, they reduce the estimated given. Does a tax credit apartment use your high or low income? and the real estate is appointed by principal cities of Housing for your urban Development program, HUD programs. Like we can choose the HUD website.

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Tags: apartment owner, bonus, HUD, HUD Programs, mortgage, overtime, principal cities, real estate, safron, tax credit compliance, urban development program

This entry was posted on Saturday, July 18th, 2009 at 9:17 am and is filed under HUD. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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Tags: apartment owner, bonus, HUD Programs, mortgage, overtime, principal cities, real estate, safron, tax credit compliance, urban development program,

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