House Modification Funding : Contents
Examples
Example 1
Amount applied for | $10,000 | |
Not subject to income and assets test | $8,076 | |
Subject to income and assets test | $1,924 | |
Income Commitments Excess Exemption Net excess Reduces amount offered by | $250.00 $200.00 $50.00 $20.00 $30.00 $3,000 | |
Loan offer in excess of $8,076: | Nil | |
Total grant | $8,076 | |
Example 2
Amount applied for | $10,000 | |
Not subject to income and assets test | $8,076 | |
Subject to income and assets test | $1,924 | |
Income Commitments Excess Exemption Net excess Reduces amount offered by | $250.00 $215.00 $35.00 $20.00 $10.00 $1,000 | |
Loan offer in excess of $8,076: | $924.00 | |
Plus | $8,076 | |
Total grant | $9,000 | |
