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Section 8 tenant gets a a lump sum as a gift. how does it…

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section 8 tenant gets a...
section 8 tenant gets a a lump sum as a gift. how does it affect the eligibility and the rent calculation?
Submitted: 4 months ago.Category: Landlord-Tenant
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Answered in 1 day by:
3/10/2018
Lawyer: Irwin Law, Attorney replied 4 months ago
Irwin Law
Irwin Law, Attorney
Category: Landlord-Tenant
Satisfied Customers: 7,569
Experience: Attorney 35 years extensive and active real estate practice; represents both landlords and tenants
Verified

A one-time payment from an inheritance is not counted as income. It is categorized as an asset. An inheritance does not count toward annual income in qualifying for HUD housing benefits. There is no asset limitation or requirement for qualifying for HUD housing. Therefore, a gift or an inheritance of any amount does not automatically disqualify a tenant from HUD housing.

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The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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