Connecticut Administrative Code
Title 8 - Zoning, Planning, Housing, Economic and Community Development
214h - Limited Equity Cooperative/Mutual Housing Association Program
Section 8-214h-9 - Income
Universal Citation: CT Reg of State Agencies 8-214h-9
Current through September 9, 2024
The family's adjusted gross income shall be used for the purpose of determining eligibility for admission.
(a) The following items shall be deducted from the gross income to arrive at the adjusted gross income in amounts as established by the Commissioner:
(1) Income of all dependents who have not reached their 18th birthday;
(2) Income received as compensation for the care of foster children or from the State Department of Children and Youth Services (DCYS) Adoption Program;
(3) Income from full-time students who have not reached their 23rd birthday;
(4) Annual medical expenses which exceed three percent (3%) of the family's gross income;
(5) Child care costs which enable one or both parents to be gainfully employed;
(6) Alimony and child care payments as ordered by the courts;
(7) A deduction for each dependent; and
(8) Any other item which, from time to time, may be established by the Commissioner.
(b) In the event that any member of the family is self employed, net income, as defined by the Internal Revenue Service, plus depreciation, shall be used in the determination of adjusted gross income.
Disclaimer: These regulations may not be the most recent version. Connecticut may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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