What additional qualifying criteria are required from the returned application forms?
In the case of individual residential property owners, the applicants must be able to show that their total household income annually is $75,000 or less and that they continue to own the same residential property that they owned as of December 31, 2008. In the case of entities (corporations, fiduciaries, pass-through entities, associations, joint-stock companies, syndicates, trusts or estates, or other nonnatural persons), the applicants must be able to show that the total income of the person or persons controlling at least 25% interest in the entity is annually $75,000 or less and that they continue to own the same residential property that they owned as of December 31, 2008.
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