I was recently reminded that even if I don’t think people are reading this post, some actually are. I should consistently post here…sometimes it is hard to do. I will work harder at not using excuses!
If you haven’t heard, EIV has been updated in the last couple of weeks. A lot of it included changes that will not affect the things that you do on a daily basis…but there were two big changes.
First of all, they added an additional tab called “Certification Page” to the Income Information report pulled by each resident. Right now this page is not required by HUD for anything, but can be used at an Owner/Agent discretions to have the resident document their agreement with the Income Report. I foresee that this page may be required in the not to distant future.
The other big change is to the Multiple Subsidy Report. We are very excited that we will no longer have to run this report twice (once for Multi-Family and again for PIH)…this information has been combined and the report is now only required to be run one time! This is a great relief as a lot of O/As were forgetting to run both checks.
I will continue to work to provide you up to date information on EIV, general property management, and all things HUD In the meantime…work hard!!