Finding Text
Failure to use EIV Third Party Income Verification Information on the Universe Population Size-Seventeen (17) EIV reports not run for tenants Sample Size-Seventeen (17) EIV reports not run for tenants Identification of Repeat Finding Reference Number-N/A Criteria-The client files should reflect HUD’s Rules and Regulations set forth in the 4350.3 Rev.1 HUD Multifamily Occupancy Handbook (the “Handbook”), Chapter 9 Enterprise Income Verification (“EIV”). Mandatory EIV applies to all programs covered by this Handbook listed in Chapter 1. Statement of Condition-Tenant files were missing information and did not comply with HUD Rules and Regulations Cause-The reason the EIV requirement was not followed is due to management oversight due to a change in management personnel positions Effect or Potential Effect-Incorrect calculations of tenant and subsidy rents Auditor Non-Compliance Code Z-Other Questioned Costs-There were no known questioned costs Reporting Views of Responsible Officials-Auditee agrees with this finding. Going forward, the auditee will run the EIV reports for tenants FHA Contract Number- 000-HH005/CMI Context-The finding represents an isolated instance of management oversight due to a change in management personnel positions Recommendations-We recommend that management run tenant’s EIV reports based on the HUD requirements for the 811 PRAC program during annual certifications Auditor’s Summary of the Auditee’s Comments on the Findings and Recommendations-Auditee agrees with this finding. Going forward, the auditee will run the EIV reports for tenants Response-Management agrees with the finding and will run EIV reports during annual certifications