DESCRIPTION
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.
The purpose of the Enterprise Income Verification (EIV) function within the Real Estate Assessment (REAC) Center is to ensure that limited Federal resources are available to serve as many eligible families as possible by reducing the high incidence of program errors and to improve the integrity and accuracy of information contained in the PIC and EIV systems. Additionally, EIV collects supplemental employment and benefit information through data sharing agreements with the Social Security Administration (SSA) and the Department of Health and Human Services (HHS). These agreements, in combination with HUD’s PIC system and EIV reports, provide an analysis of income and benefit information that the EIV team monitors in order to assist Public Housing Agencies (PHAs) and HUD Field Offices to identify and resolve certain regulatory deficiencies and to implement proactive measures to effectively mitigate risk and program waste, fraud and abuse.
Every landlord should become familiar with all facets of fair housing. Fair housing violations have penalties which can amount to hundreds of thousand dollars. In this course you will learns about the basics of fair housing and how to stay in compliance with fair housing laws.
Why Should You Attend:
There are numerous reports involved with EIV. We will learn which reports need to be utilized and how often they need to be processed. We will also learn how they are to be used and also what are the penalties for improper or failure to use. You will develop an understanding of the required reports and when they must be used. Speaker will take out the “mystery” of the EIV process.
Session Highlights:
- What information is in EIV and where does it come from?
- What are income reports?
- What are Summary reports?
- What is a verification report?
- How often these reports are ran?
- When is this report required?
- What do we do with this report?
Who Will Benefit:
- Property managers
- Property owners
- Maintenance Staff
- Lenders
- Realtors
- Developers
- Builder
