Finding 1227932 (2025-003)

Material Weakness Repeat Finding
Requirement
E
Questioned Costs
-
Year
2025
Accepted
2026-08-26

AI Summary

  • Answer: EIV was not obtained within the required 90 days after tenant move-in.
  • Trend: This issue may indicate a pattern of delays in income verification processes.
  • List: Follow up by ensuring timely EIV requests for all new tenants to comply with regulations.

Finding Text

The Enterprise Income Verification (EIV) was not obtained after 90 days from the date of move-in for verifying employment and income for the following tenant:

Corrective Action Plan

The Project will have procedures in place for following HUD directives regarding obtaining the EIV within 90 days of the move-in date and/or the recertification date.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1227929 2025-002
    Material Weakness Repeat
  • 1227930 2025-002
    Material Weakness Repeat
  • 1227931 2025-003
    Material Weakness Repeat
  • 1227933 2025-004
    Material Weakness Repeat
  • 1227934 2025-004
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.155 MORTGAGE INSURANCE FOR THE PURCHASE OR REFINANCING OF EXISTING MULTIFAMILY HOUSING PROJECTS $3.42M
14.195 PROJECT-BASED RENTAL ASSISTANCE (PBRA) $1.16M