3. Discrepancy Examples. — HUD Handbook 4350.3 REV-1

The EIV Income Discrepancy Report shows the tenant had Reported Annual Wages and Benefits during the period of income used for the discrepancy analysis. However, there are no Projected Annual Wages or Benefits reported on the form HUD-50059. The owner must investigate this to determine if the tenant did not report his/her income at the time of recertification. If the tenant did not report his/her income, this would be a valid discrepancy. The owner must obtain third party verification of the tenant’s income, process corrected form HUD-50059(s) to include any unreported or underreported income, notify tenant of funds due and their obligation to reimburse the owner, collect funds due from tenant and/or enter into a repayment agreement and reimburse HUD for funds collected from the tenant less the amount retained for pursuing collection. If not a valid discrepancy, the owner will document the file with the results of the investigation supporting this determination.

Projected Annual Wages and Benefits from Form HUD-50059: $0
Period Of Income for Discrepancy Analysis	06/01/2008 - 05/31/2009

Discrepancy Analysis	Actuals	Annualized Last Quarter
Reported Annual Wages and Benefits from EIV Data: $22,018.70 $19,518.57
Amount of Annual Income Discrepancy:	($22,018.70)	($19,518.57)
Amount of Monthly Income Discrepancy: ($1,834.89) ($1,626.55)
Percentage of Income Discrepancy:	(100%)	(100%)

HUD Multifamily Occupancy Handbook Chapter 9: Enterprise Income Verification (EIV)

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Section 3: EIV Reports

4350.3 REV-1