New York Codes, Rules and Regulations
Title 9 - EXECUTIVE DEPARTMENT
Subtitle S - Division of Housing and Community Renewal
Chapter III - Low Rent Housing
Subchapter C - Management Manual For Housing Authorities
Part 1627 - Occupancy
Subpart 1627-2 - Determination Of Eligibility For Admission Or Continued Occupancy Based On Income
Section 1627-2.10 - Quarterly review procedure

(a) Authorities which have adopted interim rent adjustment policy are required to conduct quarterly reviews of income for all tenants with nonfixed employment, for all unemployed tenants, and for any other tenants whose incomes are of an irregular nature. In addition, such authorities may conduct quarterly income reviews for all or any per cent of other tenants, as considered necessary, whose incomes are of a regular nature.

(b) The procedure for quarterly reviews is same as for annual re-examination except that verification of tenants statements is not required unless a rent decrease is indicated. In case where rent decrease is indicated, verification shall be made before decrease takes effect. (See Verification of income, § 1627-2.8.)

(c) Any rent change resulting from quarterly reviews will be made as of effective date of rent change (see definition, § 1627-2.3).