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Low-Income Documents and
Definitions
Definition of Income:
Gross income is
defined by Internal
Revenue Code, Sec 61 as
the following: Except
as otherwise provided in
this subtitle, gross
income means
all income from whatever
source derived,
including (but not
limited to):
Compensation for
services, including
fees, commissions,
fringe benefits, and
similar items; Gross
income derived from
business; Gains derived
from dealings in
property; Interest;
Rents; Royalties;
Dividends; Alimony and
separate maintenance
payments; Annuities;
Income from life
insurance and endowment
contracts; Pensions;
Income from discharge of
indebtedness;
Distributive share of
partnership gross
income; Income in
respect of a decedent;
and Income from an
interest in an estate or
trust.
"Low-income persons,"
as defined by Section
420.0004(10), Florida
Statutes, means one or
more natural persons or
a family, the total
annual adjusted gross
household income of
which does not exceed 80
percent of the median
annual adjusted gross
income for households
within the state, or 80
percent of the median
annual adjusted gross
income for households
within the metropolitan
statistical area (MSA)
or, if not within an MSA,
within the county in
which the person or
family resides,
whichever is greater.
Back to Eligibility page
You will need to
submit the following
documentation to qualify
as a low-income
homeowner:
• A copy of your most
recent signed tax return
that was filed with the
IRS along with completed
W-2 and 1099 forms. If a
household member did not
file a tax return with
the IRS then they should
be required to state
this in writing and
explain why.
If a tax return is
unavailable, you will
need to submit one of
the following documents:
• Pay stubs from the
most recent past three
months.
• Evidence documenting
the type and amount of
any state or federal
assistance received.
• Evidence documenting
the amount and type of
Social Security and/or
retirement benefits.
• Evidence documenting
the amount and source of
any regular payments
from unemployment
compensation, strike
benefits from union
funds, worker’s
compensation, veteran’s
payments, training
stipends, alimony and
military family
allotments; private
pensions, government
employee pensions
(including military
retirement pay) and
regular insurance or
annuity payments;
dividends, interest, net
rental income, net
royalties, periodic
receipts from estates or
trusts, and net gambling
or lottery winnings. |