Follow Six Dos & Don’ts When Counting Household Assets
When calculating household income at initial certifications and at annual recertifications, if you have a mixed-income site, you must properly count the household’s assets. But this can be tricky if you’re not familiar with HUD’s rules.
If you’re not sure how to count assets correctly, you might reject an eligible household because you mistakenly believe that its members earn too much income. Or you may incorrectly determine that a household is over-income at its annual recertification, prompting you to follow the next available unit rule unnecessarily.