What aspect of income must be verified under HUD regulations?

The verification of both the source and amount of income is critical under HUD regulations. This requirement ensures that the housing authority accurately assesses a family's eligibility for assistance and determines the correct rental assistance amount.

Verifying the source of income is essential because it confirms that the income is legitimate and consistent with what is reported. This includes income from employment, welfare benefits, Social Security, retirement accounts, and other financial resources. Knowing where the income is coming from helps in understanding its reliability and permanence.

Additionally, verifying the amount of income is necessary to ensure that the calculation of the tenant’s share of rent is correct. This involves confirming the total income a family has before deductions, as it directly impacts the level of housing assistance they qualify for. Accurate income verification helps prevent fraud and ensures that the program remains fair and equitable for all participants.

By verifying both aspects, the housing authority can ensure compliance with HUD regulations, guarantee that assistance is directed to those who need it most, and maintain the integrity of the Housing Choice Voucher program.