How often can a resident choose to self-certify their assets after initial asset verification?

Residents may choose to self-certify their assets every third year if their assets are under a certain amount. This practice is designed to streamline the verification process for residents who have relatively low asset levels, reducing the administrative burden both for the residents and the property management team. By allowing self-certification in this way, it ensures that those who are unlikely to have significant fluctuations in their financial status can provide a simpler update, while also maintaining compliance with regulations regarding income and asset verification.

The requirement for self-certification every third year is part of broader efforts to balance thoroughness in compliance with reasonable ease for tenants. It encourages continued participation in housing assistance programs while preventing unnecessary barriers for those living in stable financial conditions.