Haw. Code R. § 15-216-32 - Income
(a) The gross household income of the
applicant shall not exceed one hundred forty per cent of the AMI as determined
by the United States Department of Housing and Urban Development.
(b) The gross household income shall be the
income earned during the most current calendar year preceding the date of
application to purchase or rent a reserved housing unit and shall be verified
by submittal of most current State or Federal tax returns.
(c) The assets of the applicant shall not
exceed one hundred thirty-five per cent of the applicable income limit set
forth in subsection (a) above. As used herein, assets include, all cash,
securities and real and personal property at current fair market value, less
any outstanding liabilities secured by such assets.
Notes
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