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If a tenant waits some amount to time to report a decrease in income, after an income recertification, you must then retroactively apply any reduction in rent starting with the first day of the month after the date of the action that caused the decrease in income. So, for example, if a tenant lost her job on March 4, 2020, you would reflect this change in income starting with the first day of the following month, which would be April 1, 2020.
