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September 8th, 2007

New law changes Homeowner and Renter Assistance rules - FTB News - Franchise Tax Board - Brief Article

A new law (SB 1664) ushers in several key changes to the state Homeowner and Renter Assistance program.

The changes are in effect for the 2002 claim year, including an increase in the total household income limit to claim assistance.

Under the new law, for calendar year 2001, the total household income limitation has increased from $35,251 to $37,119; and the gross household income limitation has increased from $64,093 to $67,490. Also increasing for the 2002 claim year is the amount of assistance a claimant can receive: from $326.40 to $472.60 for homeowners and from $240 to $347.50 for renters.

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