C. Income Discrepancy Report

1. The Income Discrepancy Report identifies households where there is a difference of $2,400 or more annually in the wages, unemployment compensation and/or Social Security benefit income reported by NDNH and SSA and the wages, unemployment compensation and/or Social Security benefit income reported in TRACS for the period of income (POI) used for the discrepancy analysis.

The report identifies tenants whose income may have been under- or over-reported. Negative numbers on the report represent potential tenant under reporting of income while a positive number represents a potential decrease in a tenant’s income. In either case, the owner must investigate all discrepancies identified to determine whether or not they are valid. The definition of improper payments includes payments for the incorrect amount, both overpayments and underpayments. (See the Glossary for the definition of improper payments. Also, see Exhibit 9-7, Income Discrepancy Report, for a description of the POI used for discrepancy

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

8/13

9-15

Section 3: EIV Reports

4350.3 REV-1