What is considered income?

Income for the purpose of this program includes, but is not limited to, salaries, commissions, bonuses, tips, interest income from checking/savings accounts, stocks, bonds, certificate of deposits (CDs), Individual Retirement Accounts (IRA), dividends, payments from Social Security, annuities, insurance policies, retirement funds, pensions, disability or death benefits; unemployment, disability, and/or worker’s compensation, welfare assistance, income from the operation of a business, and alimony or child support payments, etc. Self-employed applicants should provide tax returns and recent Profit and Loss statement.

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1. What is the Owner Occupied Rehabilitation Program?
2. Will I be required to pay this loan back?
3. Are there any properties that cannot participate in this program?
4. What is considered income?
5. Will be required to attend a Class?
6. How long does the process take?
7. How do I apply for assistance under this program?