; and (B) available without fiscal year limitation. (2) Use of funds Amounts from the Fund shall be available to provide financial assistance under subsection (b). (3) Source of funds The Fund shall be credited with the amounts saved as a direct result of the limitation imposed under section 1311(b). (b) Financial assistance (1) Definitions In this subsection— (A) the term adjusted gross income has the meaning given the term in section 62 of the Internal Revenue Code of 1986; (B) the term eligible household means a household for which— (i) housing expenses exceed 30 percent of the adjusted gross income of the household in a year; and (ii) (I) the total assets owned by the household are in an amount that is not greater than 220 percent of the median household income for the State in which the household is located; or (II) with respect to a household that has a total household income that is not greater than 120 percent of the area median income for the area in which the household is located, the amount of premiums, surcharges, and fees for a flood insurance policy provided under this title in a year for the household exceeds 1 percent of the coverage limit of that policy under section 1306(b); and (C) the term housing expenses means, with respect to a household, the total amount that the household spends in a year on— (i) mortgage payments; (ii) property taxes; (iii) homeowners insurance; and (iv) premiums for flood insurance under the national flood insurance program. (2) Authority (A) Other financial assistance The Administrator shall provide a voucher, grant, or premium credit to an eligible household for a year in an amount that, subject to subparagraph (B), is equal to the lesser of— (i) the difference between— (I) the housing expenses of the household for the year; and (II) 30 percent of the adjusted gross income of the household for the year