Finding Text
FINDING No. 2022-002: Section 207/223(f) Mortgage Refinancing, CFDA 14.155 Finding Resolution Status: Unresolved. Information on Universe Population Size: Fifty-seven tenants. Sample Size Information: Ten tenants. Identification of Repeat Finding and Finding Reference Number: No. Criteria: HUD regulation requires that new tenant?s income be reviewed via Electronic Income Verification (EIV) within 90 days after the move-in information is transmitted to Tenant Rental Assistance Certification System (TRACS) to confirm/validate the income reported by the household. Statement of Condition: The Project did not obtain income verification via EIV within 90 days after move-in for eight tenants. Cause: The Project did not perform timely income verification nor maintain appropriate tenant eligibility documentation required by HUD. Effect or Potential Effect: Unable to verify initial eligibility and cost of assistance may be disallowed. Auditor Non-Compliance Code: R ? Section 8 Program Administration Reporting Views of Responsible Officials: The Project agrees with the finding and the auditor?s recommendation will be adopted. Recommendation: The Project should verify initial tenant income through the EIV system in a timely manner and maintain all required tenant documentation. Response Indicator: Agree. Completion Date: 6/30/2023 Response: Training will be provided to all managers regarding the importance of running the EIV 90 day Income Reports on a timely basis. Will instruct managers on how to set up alerts to run 90- day reports on our software One Site.