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  1. Cody
  2. HUD & LIHTC Compliance
  3. Thursday, 29 September 2016
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I have an applicant who disclosed to having no assets. How do I verify this?
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Judy Accepted Answer
A household with no assets is highly unlikely. It is recommended that management discuss with the household how expenses are paid to determine if assets have been inadvertently omitted from (such as cash, debit cards, etc).

Social Security requires the use of direct deposit, so if the applicant receives Social Security benefits, inquire as to how this income is received.
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  1. more than a month ago
  2. HUD & LIHTC Compliance
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