Example 3: Invalid discrepancy — HUD Handbook 4350.3 REV-1

The EIV Income Discrepancy Report shows that the tenant had Reported Annual Wages and Benefits during the period of income used for the discrepancy analysis. However, there are no Reported Annual Wages or Benefits on the form HUD-50059 for the same period of time. The form HUD-50059 used in the discrepancy analysis was the tenant’s move-in form HUD-50059. The owner must investigate this discrepancy to determine if the tenant accurately reported his/her income at the time of move-in. If verification is received that the tenant was not working at the time of move-in and the wages reported on the EIV Income Report were earned prior to move-in, this would be an invalid discrepancy. No action is required of the owner except to document the tenant’s file of the findings as a result of the investigation.

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: $10,341.38 $7,507.72
Amount of Annual Income Discrepancy:	($10,341.38)	($7,507.72)
Amount of Monthly Income Discrepancy: ($861.78) ($625.64)
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