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Section 8 Housing

This isn't strictly a tax question, but I'm hoping maybe someone has run into it in their practice.

My father has a girlfriend who has very little money and lives in Section 8 housing. (They are both in their mid-80's.) He plans to leave her a modest sum of money, more than pocket change, less than life-changing.

The question is whether this inheritance would jeopardize her eligibility for the housing subsidy.

My own research indicates that the asset doesn't matter, but that the income thereupon will be treated as income and affect her subsidy. However, given the current low interest rates, the effect would be small.

Can anyone confirm this?

Reply to
Roger Fitzsimmons
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I'm not a tax or low-income housing professional, and this is not financial advice.

It took me about five seconds to google for "means test for section 8 housing" (without quotes), and the very first hit in the results answered the question.

That first hit was:

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/NN_2004Q4.html

It has an example involving assets left by will, and the takeaway is that a percentage of low-performing assets may have to be counted as income.

I don't know whether the specific dollar figures and percentages of the means test are uniform across the US.

Reply to
Stan Brown

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