Agenda Packet_2025-07-15 - Laserfiche WebLink

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EXHIBIT 1 When Third -Party Verification is Not Required [Notice PIH 2O18-181 Third -party verification may not be available in all situations. HUD has acknowledged that it may not be cost-effective or reasonable to obtain third -party verification of income, assets, or expenses when these items would have a minimal impact on the family's total tenant payment. SAHA Policv If the family cannot provide original documents, SAHA will pay the service charge required to obtain third -party verification, unless it is not cost effective in which case a self -certification will be acceptable as the only means of verification. The cost of verification will not be passed on to the family. The cost of postage and envelopes to obtain third -party verification of income, assets, and expenses is not an unreasonable cost [VG, p. 18]. Primary Documents Third -party verification is not required when legal documents are the primary source, such as a birth certificate or other legal documentation of birth. Imputed Assets HUD permits PHAs to accept a self -certification from a family as verification of assets disposed of for less than fair market value [HCV G13, p. 5-28]. SAHA Policv SAHA will not accept a self -certification from a family as verification of assets disposed of for less than fair market value. Value of Assets and Asset Income [24 CFR 982.516(a)] For families with net assets totaling $5,000 or less, the PHA may accept the family's declaration of asset value and anticipated asset income. However, the PHA is required to obtain third -party verification of all assets regardless of the amount during the intake process and at least every three years thereafter. SAHA Policv SAHA will not accept family's self -certification for assets. SAHA will require third - party verification regardless of value of asset. Page 7-13 Administrative Plan 7/l/2025 City Council 5 — 335 7/15/2025