Calculating Income and Asset Eligibility The Villas at Hamilton is an Affordable Housing Community. For an applicant to be income eligible, their total household income must be equal to or less than the applicable income limit. Below is a list of income and assets that will be included to determine eligibility. INCOME - Income is defined as any type of monies that are received on a regular, periodic basis and include: Self employment Employment Unemployment Veteran’s Administration, GI Bill, or National Guard/Military Benefits/income Social Security SSI Disability or death benefits other than Social Security Public Assistance Alimony/spousal support/ Child support Periodic payments from trusts, annuities, inheritance, retirement funds Pensions, insurance policies, or lottery winnings Income from real or personal property. ASSETS - Assets are defined as any lump sum of money that is accessible to the individual and include: Cash held in savings, checking, other accounts Equity in real estate or other capital investments Stocks, bonds, CDs IRA & 401K Retirement & Pension Cash value of life insurance Mortgages held