What must the family report to the PHA during annual review?

The annual review process for families under the Housing Choice Voucher (HCV) program requires them to provide updated information to the Public Housing Authority (PHA). Reporting current income, assets, and expenses is essential because it affects the family's eligibility for assistance and the amount of housing assistance they may receive. This information ensures that the subsidy is accurately calculated based on the family's financial situation.

Regular updates on income and assets are particularly important, as changes in these areas can directly impact the family's portion of the rent. Additionally, having accurate expense reports helps the PHA to comprehensively assess the family's financial needs and housing stability.

While changes in household size, qualifying conditions for residence, and previous rental histories are important aspects of eligibility and might be requested at times, the primary focus during an annual review is on the current financial situation, which is the foundation for calculating housing assistance. Hence, the requirement to report current income, assets, and expenses makes it the correct choice for this question.