Actually, the affirmative homeless decision would have been optimal if exposed assets and net worth amounted to $3,000 and under. In other words, being impoverished with minimal income is ideal for obtaining affordable rental housing. Savvy individuals, like the formerly-homeless buddy (FHB), would have hidden all assets above the $3,000 threshold.
In the case of FHB, excess cash was skimmed and placed in a safe deposit box. Thus, FHB's exposed assets were always under the minimum threshold.
Anyone with a substantial amount of assets will not be able to hide the lump sum immediately without raising suspicion from the authorities. And, gradually drawing out small amounts (or selling off non-liquid assets in piecemeal fashion) could take years.
In any case, the decision to accept intake into a homeless shelter just to exploit the affordable rental housing "navigator" opportunities may be worth the risk. Disclosing all assets may not result in truly affordable rental housing, but the end result may still be more desirable than the waiting list option.
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