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QAn applicant has an ABLE account. He can provide proof that it is an ABLE account and documentation of its balance. Both the applicant and his employer put money into the account. ABLE accounts are not mentioned in the HUD Handbook. Do we count the money as an asset? And is the money his employer deposits into the account considered income?
Q We share our rental criteria with applicants but haven't disclosed what the minimum credit score required is. Are we supposed to share this minimum credit score?
A Yes. If your site is using a minimum credit score to determine eligibility, that information must be disclosed, notes HUD compliance expert Mark Chrzanowski. HUD requires that eligibility information be made available in the site's tenant selection plan.