EPS, Inc., thinks this policy is very cool, and will be a huge time saver for your property! 

Notice H 2023-10 – 2023-10hsgn (hud.gov) 

O/A’s may create a policy to determine net family assets based on a self-certification by the family that the family’s total assets are equal to or less than $50,000, adjusted annually for inflation, without taking additional steps to verify the accuracy of the declaration at admission and/or reexamination. O/A are not required to obtain third-party verification of assets if they accept the family’s self-certification of net family assets. When an O/A accepts self-certification of net family assets at reexamination, the Owner/Agent must fully verify the family’s assets every three years. 

Caveat: if the family’s assets exceed $50K, you must verify those assets through third-party verification. 

O/A are not required to adopt this policy to allow for self-certification of net family assets, but then you must verify all assets on an annual basis. 

(Section F.7 of the Housing Notice H 2023-10, revised 02/02/2024)