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Passbook Savings Rate

PIH Notice 2012- 29: Establishing the Passbook Savings Rate

Submitted by Jonathan Zimmerman on June 25, 2012 03:27pm EDT
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Summary:  HUD's Notice (PIH Notice 2012-29) clarifies program policy related to the passbook savings rate used to determine annual income from net family assets. Under 24 CFR §5.609(b)(3), when determining annual income for families who apply for or receive assistance in the Housing Choice Voucher (HCV)