Cal. Code Regs. tit. 25 § 6916

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 6916 - Net Income

(a) For the purpose of determining affordable housing cost or affordable rent, "net income" shall be computed as follows: the annual gross income less $300 for each minor and medical expenses which exceed 3 percent of the annual gross income and unusual expenses, all divided by 12.

Cal. Code Regs. Tit. 25, § 6916

Note: Authority cited: Sections 50053, 50093, Health and Safety Code. Reference: Sections 50053, 50093, Health and Safety Code.