We are doing a buyout program and have a property that is deeded to a mother and her children but only the mother lives there. Am I correct that we would only count the mother’s income to determine if it can be funded as low/mod?
Date Published: May 2015
The CDBG Program requires that the income of all members of the household (everyone living in the house) be considered when calculating whether the household meets the low and moderate income requirements of the CDBG program. Although the adult children may be considered owners of the property, they do not live there and are not considered members of the household. Therefore, you would not include their income in your income determination. Since you are required to project a household’s income for the next 12 months, it is important that you ask the applicant if there are going to be any changes to the household and act accordingly.