Tuesday, December 29, 2009

HUD Publishes Final Rule on Use of Enterprise Income Verification System for Assisted and Public Housing.

After several prior starts and stops, HUD today issued in the Federal Register the long delayed final rule HERE on the use of the Enterprise Income Verification System for use in HUD Assisted Housing and Public Housing programs.

Exerpt from final rule clarifies that use of EIS occurs AFTER admission:
With respect to initial admission, EIV cannot be used by processing entities to verify an applicant’s income, since form HUD–50058 or HUD–5009 is not transmitted to HUD until after the family is admitted to the program. HUD will issue administrative guidance with respect to the timeframe for consulting the EIV system once the form HUD–50058 or HUD–50059 has been transmitted.
Originally created and posted on the Oregon Housing Blog.

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