|Caribou Municipal Building
25 High St
Caribou, Maine 04736
|Lisa Plourde, Executive Director
Sue Ouellette, FSS/Homeownership
Phone: (207) 493-4234
Fax: (207) 376-0178
How Annual Income is Determined
Information for Landlords
Applying for Assistance
Moves and Changes within the HCV Program
More Information about The HCV Program
Income Verifications & Deduction Q&A
Program Integrity Q&A
Family Self-Sufficiency Q&A
HCV Homeownership Q&A
Hearings & Appeals Q&A
How Annual Income is Determined
Reasonable AccommodationReport Fraud
News & Events
The Caribou Housing Agency has moved! We are now located on the first floor of the Caribou Municipal Building.
|What kind of income should I report to the Housing Agency?
What kind of income should I report to the Housing Agency?
You are required to report all income to us, even if you think we already know about it, or even if you think it “doesn’t count” for our programs. This includes, but is not limited to:
What kind of assets should I report?
You must report all assets owned by anyone in your family to the Housing Agency.
Generally, the value of the asset does not count as income. Only the income (such as interest) produced by the asset will count. If the asset does not produce any income, like money in a non-interest bearing checking account, the Housing Agency will use an assumed interest rate to estimate income.
Assets you must report include, but are not limited to:
How will you verify the income I report?
We will require that you provide documentation of all of your income and assets. Most documentation must be in the form of original documents, so make photo copies to keep for your records. Required documents include pay stubs, bank statements, benefits letters, tax returns, etc. You will be given a specific list of the type of documents needed.
We will also obtain direct verification from an online database maintained by HUD, called EIV. This database includes income and benefit information about you and your household. We will use the database to confirm the information you have provided to us. For more information about EIV, see the brochure called “What You Should Know About EIV” available at the Housing Agency office and website.
Finally, if we still need more information we may contact an employer, bank, agency, etc. directly and ask them to fill out a form verifying your income or assets and return that form directly to us.
How do I document self-employment or cash income?
If you are self-employed, work for cash, or receive money or other support from friends or family, you must still document this income.
Provide names and contact information for the persons who provided the income to you. We may contact them directly for verification.
What happens if someone in my family fails to report their income or assets?
The head of household is responsible for making sure that everyone in the family fully reports their income and assets.
Failure to report this information, as well as any changes, can result in your family being required to repay subsidy, and/or being terminated from the program, among other penalties. See the Program Fraud Q&A for more information.