Income will be qualified using the HUD Part 5 definition similar to the Section 8 Rent Voucher program. Note income guidelines below. HUD adjusts these figures annually.
Applicants for financial assistance under this program will be expected to provide documentation of household income in the form of 2 months of pay stubs, tax returns, or other forms of income verification as required by HUD. Once the applicant’s household income has been verified by the City, the verification will remain in effect for a period of six (6) months.
All applications and income documentation must be provided to the City for final approval.
Households with annual income from all sources that is less than 80 percent of the median income for the Trenton MSA are eligible to participate in this program. Currently 2020 income limits (effective 4-2020) are as follows:
Maximum Income Limits
Types of Income
When calculating the maximum household gross income, the following types of income are included:
Employment, tips, bonuses, child support, Social Security, disability payments (SSI), Worker’s Compensations, retirement benefits, cash, welfare benefits, Veteran’s benefits, rental property income, stock dividends, income from bank accounts, alimony, unemployment, retirement accounts, and any other source.