

			Get Latest WorkWORLD

	www.workworld.org	workworld@vcu.edu

Rental Voucher Program (MRVP) - Assets - Massachusetts

When the local housing authority makes initial determination of an applicant's eligibility for the Massachusetts Rental Voucher Program (MRVP), the applicant household's total assets are evaluated. They may not exceed one and one half times the gross household income of the applicant, or $15,000, whichever is greater.

An "asset" includes, but is not limited to, the following:

· The amount of all cash, savings, checking, money market or similar account, including the amount held in an Individual Retirement Account, 401 (k) pension, or similar retirement account subject to IRS regulation.

· The market value of equity in real property, stocks, bonds or other form of capital investment, whether personal or business, except the value of an applicant’s shares in a cooperative

· The value of equity in such personal property as boats, recreational vehicles, luxury goods. Value is determined by taking the higher of the insured value or appraised market value.

· Payment received or to be received in settlement of personal or property loss; money at interest and debts due applicant by any person(s), or the value of cash surrender insurance policies.

· The value of any business or personal asset disposed of by any household member (including a disposition in trust) for less than fair market value during the two years prior to the determination of eligibility to the extent of the difference between the fair market value and the consideration received.

· The value of any interest in a trust fund benefiting any adult household member.

For more information see:

Rental Voucher Program (MRVP) - Eligibility - Massachusetts

Rental Voucher Program (MRVP) - Overview - Massachusetts

WorkWORLD™ Help/Information System

Share/Save: Click the button or link at left to select your favorite bookmark service and add this page.

This is one topic from the thousands available in the WorkWORLD™ software Help/Information System.
Complete information about the software is available at: http://www.WorkWORLD.org

See How to Get WorkWORLD page at: http://www.WorkWORLD.org/howtogetWW.html

NOTE: Sponsored links and commercial advertisements help make the WorkWORLD™ website possible by partially defraying its operating and maintenance expenses. No endorsement of these or any related commercial products or services is intended or implied by the Employment Support Institute or any of its partners. ESI and its partners take no responsibility for, and exercise no control over, any of these advertisements or their views or contents, and do not vouch for the accuracy of the information contained in them. Readers are cautioned to verify all information obtained from these advertisements prior to taking any actions based upon them. The installed WorkWORLD software does not contain advertisements of any kind.