HUD Affirms Unemployment Benefit and Child Tax Credit Are Not Income

HUD’s Office of Multifamily Housing Programs (Multifamily), which oversees contracts with private owners of HUD-assisted properties, sent an email to stakeholders on April 29 stating HUD has determined that the $300 per week Federal Pandemic Unemployment Compensation (FPUC) provided to individuals who are collecting regular unemployment insurance must be excluded from a household’s annual income calculation. In addition, the monthly child tax credit payment of up to $300 per week that will be provided by the “American Rescue Plan Act” (ARPA) from July 2021 through December 2021 is also exempt from household income calculations.

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