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Three most common mistakes to avoid in Multifamily Housing Enterprise Income Verification (EIV)

Posted by Reneé McTyeire on Jun 10, 2021 2:15:00 PM

Unlike other programs, Multifamily Housing Enterprise Income Verification (EIV) doesn’t allow you to write your own rules; instead, you must follow official guidelines to the letter, every time. A mistake is worth potentially millions of lost dollars: Any violation will result in HUD taking 5% of the total property’s voucher for the month following, then for each month thereafter until the violation is cured.

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Topics: EIV, Knowledge Base, Multifamily

2020 Model Admin Plan and Guide revisions now available online

Posted by NMA on Jul 2, 2020 1:52:05 PM

Our writing team has officially completed this year's revision of the NMA Model Admin Plan and Guide. For digital subscribers, your policy updates are available immediately on our revision subscriptions site. For hardcopy subscribers, the revision will be shipped out within the next few weeks.

If you're a brand new subscriber, you'll receive a hardcopy version along with instructions and credentials for downloading the electronic files. Please expect a few weeks for the hard copies to arrive.

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Topics: Books and Revision Services, EIV, Over-Income Families, SAFMR

Ensuring up-to-date policies

Posted by Kaylene Holvenstot on Jul 11, 2019 7:15:00 AM

The importance of updating PHA policies

HUD issues new regulations, notices, and guidance on an ongoing basis, and PHAs are expected to stay abreast of these changes to remain in compliance and avoid audit findings. However, making sure your agency’s policy documents are in line with HUD can be a daunting, time-consuming task—not only do you need to know what’s changed and why, but you must also revise your policies accordingly.

PHAs who are out of compliance—depending on the reason—may be subject to monitoring and sanctions, or worse, lose out on program funding. Fair housing complaints can result from a lack of clear and current policies, and in the Housing Choice Voucher program, some incorrect policies can affect SEMAP as well.

Fortunately, there’s a solution. Our model policies and revision services take the guesswork out of keeping your policies up-to-date and in compliance, providing you with expert guidance in a timesaving, user-friendly format.

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Topics: Books and Revision Services, EIV, Over-Income Families, SAFMR

Model policy revisions now available online

Posted by NMA on Jul 23, 2018 9:22:10 AM

Our writing team has been working hard to make our policy updates available immediately, so our revision services customers don't have to wait to receive a CD with updates in the mail. (And a lot of our customers don't even have CD drives anymore to access the files with!)

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Topics: Books and Revision Services, EIV, FMR, HOTMA, Rent Reasonableness, Streamlining, Lead-Based Paint, Product Updates

FAQ Friday: EIV Training Requirements

Posted by NMA on Feb 16, 2018 5:00:00 AM

q-and-a-standard.jpgQUESTION     What are the requirements for training on the EIV system for newly-hired staff members? Is it true that they must receive EIV training within one week of their start date? I can’t find a reference for this.

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Topics: EIV, Q&A, Knowledge Base

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