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The qualification of a low-moderate income owner is based on household size and income limits, using the HUD income limit guidelines. The table below shows the maximum gross annual income per household size. Household income will have to be verified.
This will largely depend on the volume of inquiries we receive and the completeness of your application.
Yes, you may still apply, but situations will have to be evaluated on a case-by-case basis to ensure that a “duplication of benefits” does not exist. Essentially, “duplication of benefits” occurs when a person, household, business, or other entity receives assistance from multiple sources for the same purpose and the total assistance received for that purpose is more that the total need.
Once initial eligibility has been determined, you will be notified to submit supporting documentation, which may include, but is not limited to:
The City of Chino Hills reserves the right to ask for further information in order to approve applications and/or process payments.
The City of Chino Hills reserves the right to amend these guidelines. The City of Chino Hills cannot foresee all contingencies and therefore reserves the right to make exceptions to these guidelines.
The business needs to have 5 employees at the time of the application submittal. This will be verified with W2’s or the payroll register.
If both spouses wok in the business they are considered two separate employees.
The number of employees is based on full-time equivalents. A full-time equivalent is determined by adding the hours of part-time employees on a monthly basis and dividing by 120. For instance, if an employee works:
5 hours/ week = 0.167 FTE
10 hours/ week = 0.333 FTE
15 hours/week = 0.500 FTE
20 hours/week = 0.667 FTE
25 hours/week = 0.833 FTE
30 hours/week = 1.000 FTE