What does the term "adjusted income" refer to in the HCV program?

In the context of the Housing Choice Voucher (HCV) program, "adjusted income" refers specifically to income after allowable deductions have been subtracted. This measurement takes into account various deductions that can apply to the household's total income, providing a more accurate representation of the income available for housing costs.

Allowable deductions can include expenses such as childcare costs, medical expenses, and disability assistance, among others, which are designed to reflect the true financial situation of the household. By using adjusted income, the program ensures that individuals and families receive assistance based on their actual economic capacity rather than their gross income alone. This approach aids in creating a fairer assessment for determining eligibility and rental assistance amounts, ensuring that support is directed to those who need it most based on their financial circumstances.