All amounts, monetary or not, which:
- Go to, or on behalf of, the family head or spouse [or co-head] (even if temporarily absent) or to any other family member; or
- Are anticipated to be received from a source outside the family during the 12-month period following admission or annual reexamination effective date; and
- Which are not specifically excluded [by regulation]. Annual income also means amounts derived (during the 12-month period) from assets to which any member of the family has access. [24 CFR 5.609]
The HOME Program allows the use of three income definitions for the purpose of determining applicant eligibility:
Annual income as defined in the Code of Federal Regulations (24 CFR 5.609); Annual income as reported under the Census Long Form for the most recent decennial census; or Adjusted gross income as defined for purposes of reporting under Internal