Annual and Interim Re-examination of Rent, Dwelling Size and Eligibility a. Annual Re-examinations: The components of the mandatory annual re-examination are as follows:
Annual and Interim Re-examination of Rent, Dwelling Size and Eligibility a. Annual Re-examinations: The components of the mandatory annual re-examination are as follows: The status of each family shall be reexamined at least once each year unless the family claims zero income, in which case the family’s income will be reexamined every 90 days. If, at the time of an annual or interim re-examination it is found that a Tenant’s Net Family Assets are worth more than $100,000, the tenant will be given 6 months to reduce the value of those assets below $100,000. If the tenant fails to reduce the Net Family Assets below $100,000, the Tenant’s lease will be terminated and the Tenant must move out of public housing. If, at the time of an annual or interim re-examination it is found that a Tenant owns a home that the Tenant could live in (as defined in the Authority’s Admission and Continued Occupancy Policy), the Tenant will be given 6 months to sell, attempt to sell or otherwise divest himself/herself of the home. If the Tenant does not sell, attempt to sell or otherwise divest himself/herself of the home, the Tenant’s lease will be terminated and the Tenant must move out of public housing. The Tenant must supply PHA with accurate written information about family composition, citizenship and/or immigration status and age of family members, amount and source of income of all tenant family members, assets and related information necessary to determine eligibility for continued occupancy, annual income, adjusted income, rent, any criminal activity by household members and appropriateness of dwelling size. All adult members of the household must be present during the reexamination meeting to sign releases for required documentation. The Tenant agrees to comply with reasonable PHA requests for verification by signing releases or authorizations for third-party sources, presenting documents for review or providing other suitable forms of verification. This information will be used by PHA to decide whether the amount of the rent should be changed, and whether the dwelling size is still appropriate for the Tenant's needs. Failure to supply requested information and/or misrepresentation of information is a serious violation of the terms of the Lease and may result in termination of the Lease. the annual re-examination, Tenants will be given the choice between paying:
