Over-reported income

If, at the time of recertification, there is an Income Discrepancy Report in the EIV system that reflects a decrease of $2,400 or more in wages, unemployment and/or Social Security income reported in the EIV system and the wage, unemployment and/or Social Security income in TRACS for the POI used for the discrepancy analysis, the owner must investigate the discrepancy. If, after investigating the discrepancy, the owner determines that an error was made in calculating the tenant’s income, the owner must follow the instructions in Chapter 8, Paragraph 8-24 to reimburse the tenant for any overpayment in rent. It is important that the owner determine whether the income appearing on the EIV

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

8/13

9-27

Section 3: EIV Reports

4350.3 REV-1

Income Discrepancy Report should be included as income and does not meet one of the income exclusions represented in Exhibit 5-1.