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Tell me more about the money received from IHP requirements.

Reference Number: AA-00241 Views: 2874 Created: 2012-11-20 18:35 Last Updated: 2012-11-20 18:42 0 Rating/ Voters
If you do not use the money as explained by FEMA, you may not be eligible for any additional help and may have to give the money back.  
 
The money:
·        is usually limited up to 18 months from the date the President declares the disaster.  
·        does not have to be repaid and is tax free.  
·        is not counted as income or a resource in determining eligibility for welfare, income assistance, 
or income-tested benefit programs funded by the Federal government.  
·        is exempt from garnishment, seizure, encumbrance, levy, execution, pledge, attachment, release, or waiver.  
·        may not be reassigned or transferred to another person.  
 
You must keep receipts or bills for three years to demonstrate how all of the money was used in meeting your disaster-related need. 
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