Asset management Multifamly loan compliance LIHTC compliance LIHTC allocation Section 8 contract admin Rent and income limits Colorado Housing Search.com Website comments? Student Financial Assistance   Chapter 4 page 4-19 defines how the IRS looks at student income for Tax Credit Households. All forms of financial assistance no matter how it is used is excluded from annual income if the household is not receiving Section 8 Assistance. Tuition income is counted for households which are receiving Section 8 assistance. Given the position of the IRS, the Colorado Housing and Finance Authority has adopted the position of the exclusion of Student Financial Assistance as it pertains to the Section 42 Tax Credit Program and all Bond financed programs. The rule will remain in effect for all Section 8 subsidized households. The current Low-Income Housing Tax Credit and Loan Finance manuals have been updated accordingly. If you have any questions, please feel free to contact the Program Compliance Officer assigned to your development. © 2010 Colorado Housing and Finance Authority - 1.800.877.chfa (2432) en espanol  privacy & security nondiscrimination contact  Western Slope Office - 1.800.877.8450