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This document serves as a guide for applicants and tenants of the HUD rental assistance programs, providing information about the Enterprise Income Verification (EIV) system, its purpose, what information
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How to fill out what you should know
How to fill out What You Should Know About EIV
01
Read the introduction to understand the purpose of the document.
02
Review the key definitions and terms associated with EIV.
03
Familiarize yourself with the eligibility criteria outlined in the sections.
04
Follow the step-by-step instructions provided for completing necessary forms.
05
Ensure all documentation is accurate and complete before submission.
06
Double-check your entries for any errors or omissions.
07
Submit the filled-out forms to the appropriate department or agency.
08
Keep a copy of your submitted forms for your records.
Who needs What You Should Know About EIV?
01
Property owners and managers involved in HUD programs.
02
Tenants applying for rental assistance.
03
Housing authorities responsible for administering EIV.
04
Staff working with tenant applications and income verification.
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What income does EIV show?
Type of ReportsWhen to Run Reports Income Report Within 90 days of move-in and any needed actions within 30 days of report EIV Income Summary Report 1-time printout required under the Final Rule to document that EIV has verified the tenant's SSN Multiple Subsidy Report Monthly ALL Months16 more rows
What are the different types of EIV reports?
EIV provides the following information: A series of Reports to supplement and verify tenant provided information. Monthly updates of NDNH new hires information. Quarterly NDNH wage Reports (including employer information and Federal wage information. Quarterly NDNH unemployment compensation information.
What is the EIV income discrepancy report?
The Enterprise Income Verification (EIV) system is a web-based computer system that contains employment and income information of individuals who participate in HUD rental assistance programs. All Public Housing Agencies (PHAs) are required to use HUD's EIV system.
What is the EIV process?
– Electronic identity verification (EIV) is a security measure used by most financial institutions to electronically confirm the identity of their clients. It was developed by Canadian credit bureaus for the purpose of developing a countermeasure against the threat of fraud and impersonation.
What are the types of income verification?
Supporting Documents Paystubs. W2s or other wage statements. IRS Form 1099s. Tax filings. Bank statements demonstrating regular income. Attestation from a current or former employer.
How do you resolve an EIV income discrepancy?
Also, in order to resolve an EIV income discrepancy, an Owner must investigate and document his/her findings in the tenant file (including applicable citations from the Handbook, Federal Register and/or 3rd party verifications) for all household members. Each and every EIV income discrepancy is unique.
What do you need to know about EIV?
What is the EIV information used for? Primarily, the information is used by PHAs (and management agents hired by PHAs) for the following purposes to: Confirm your name, date of birth (DOB), and Social Security Number(SSN) with SSA. Verify your reported income sources and amounts.
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What is What You Should Know About EIV?
What You Should Know About EIV is a resource that provides information regarding the Enterprise Income Verification (EIV) system, which helps housing authorities and property owners verify tenant income and ensure accurate subsidy calculations in public housing.
Who is required to file What You Should Know About EIV?
Housing authorities, property owners, and managers who participate in federal housing programs are required to use the EIV system and comply with its reporting requirements.
How to fill out What You Should Know About EIV?
To fill out What You Should Know About EIV, agencies should follow the guidelines provided in the EIV User Manual, ensuring that all required tenant information is collected and verified against the data available in the EIV system.
What is the purpose of What You Should Know About EIV?
The purpose of What You Should Know About EIV is to educate housing providers on the use of the EIV system, the importance of accurate income reporting, and the procedures for effectively utilizing EIV data to prevent fraud and ensure compliance.
What information must be reported on What You Should Know About EIV?
Information that must be reported includes tenant income, changes in employment status, discrepancies in reported income, and any other data relevant to assessing tenant eligibility and subsidy levels under federal housing programs.
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