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Reminder — OHFA TIC and Household Net Assets Under HUD’s Threshold
On November 17, 2025, OHFA issued an Industry Message on how to complete OHFA’s TIC when net assets are under HUD’s threshold amount. Since then, OHFA has continued to issue audit findings on this matter for a substantial number of developments.
OHFA reminds owners/management agents if all net family assets are less than the threshold amount, $0 must be listed as the value of each asset on the TIC. If the net family assets are greater than the HUD threshold, then owners/management agents must list the actual value of each asset on the TIC. Importantly, income from an asset(s) is always counted regardless of whether it is under or over HUD’s threshold amount.
Example #1:
Mary has a checking account balance of $800 with a 0% interest rate and a savings account value of $900, which has a 1.5% interest rate. Since the value of the non-necessary personal property (NNPP) assets ($800 + $900 = $1,700) is less than the current HUD threshold amount of $52,787, owners/management agents will list both assets on the TIC but the value will be $0 for each.
- Total asset income from the savings account is $13.50 ($900 x .015) and will be listed on the TIC.
Example #2:
Chris has a checking account balance of $1,000 with 0% interest, a savings account value of $2,000 with a 2% interest rate, and a plot of land worth $53,000. Total NNPP family asset amount is $ 3,000 ($1,000 + $2,000 = $3,000). Because NNPP is under the HUD threshold amount, owners/management agents must list each NNPP asset on the TIC and the value of each will be $0.
- The plot of land must be listed on the TIC as $53,000 because real property is always counted toward net family income.
- The asset income amount of $40 ($2,000 x .02) from the savings account will also be listed on the TIC.
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Note — Don’t Miss This Step (Imputing Asset Income). The owners/management agents are unable to calculate the actual income earned for the plot of land because the plot of land neither generates any income nor could an income amount be computed as a matter of interest or dividend earnings. Therefore, imputed asset income for the plot of land must be calculated. The 2026 passbook rate is 0.4%. The imputed income is $212 ($53,000 x 0.4% = $212).
- Total asset income is $252 ($212 + $40 from the savings account = $252) and will be listed on the TIC.
Example #3:
Irene has a checking account balance of $12,000 with a 0% interest rate, a savings account value of $10,000 with a 1% interest rate, and a CD cash value of $35,000 with income from the CD of $200. Because NNPP is over the threshold ($12,000 + $10,000 + $35,000 = $57,000), owners/management agents must list each asset’s value on the TIC.
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Note: Imputing asset income is not required in this example. Why? Because imputing asset income is only required if net family assets exceed the HUD threshold amount AND the actual income from any given asset cannot be calculated. In this example, owners/management agents are able to calculate income from all the assets.
- The total asset income is $300 ($100 from the savings account [$10,000 x .01 = $100] + $200 from the CD). This amount will also be listed on the TIC.
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