EIV Income Discrepancies: Don't Go Crazy - It's a Tool!

Dec 10th 2020, 02:00 PM ET
Duration - 90 minutes
Speaker : Gwen Volk
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About The Event

The U.S. Department of Housing & Urban Development (HUD) requires owners of HUD Multifamily properties such as project-based Section 8 to use the Enterprise and Income Verification (EIV) System. The web-based system is used by owners and agents to verify certain income and employment information for residents residing in HUD Multifamily properties.  The information is obtained from the Department of Health and Human Services’ (HHS’s) National Directory of New Hires and from the Social Security Administration (SSA). 

Please join Gwen Volk, the best in class speaker to learn more about the EIV Income Discrepancies. This introduction to EIV income discrepancies simplifies what at first glance is very complicated.

Learning Objectives

  • Learn what type of income is and is not reported in EIV
  • How to Read the Income Report and Income Discrepancy Report
  • The Period of Income, Effective Date of Action, Actual vs Annualized Last Quarter
  • How EIV comes up with those negative and positive numbers
  • Learn how to calculate and reconcile the income earned during the Period of Income (POI) to the applicable 50059
  • How to identify whether a discrepancy is true or false
  • Basics of how to investigate and resolve discrepancies

Who Should Attend

  • Property Owners
  • Property Managers
  • Compliance Staff
  • Lenders
  • And anybody who uses the EIV system

Industries: Construction & Housing, Affordable Housing
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Gwen Volk

Since 1983, Gwen Volk has assisted owners, agents, and on-site staff in navigating the programs that provide housing for low and moderate-income families. She has served as president and CEO of a Midwest affordable housing management company, as chief compliance officer for a Dallas-based firm, and has provided training and consulting services in 36 states. Gwen is a nationally recognized expert in tax credit, bond, HOME, HUD and Rural Development program compliance. She has twice served on NAHMA’s board of directors and has also served on the board of the NAHMA Education Foundation. She has chaired NAHMA’s Certification Review Board, Fair Housing, Education and Training, and Specialist in Housing Credit Management (SHCM) Advisory Committees, and has been a member of the SHCM exam-writing committee from the start. Since 2009 Gwen has served on IREM’s Federal Housing Advisory Board and previously chaired IREM’s Ethics Hearing and Discipline Board. Gwen holds the CPM, NAHP-e, SHCM, HCCP, CPO, FHC and RAM designations. She holds a BA in English and Education and a Masters Degree in Business Management. She is a NAHMA-certified trainer for the Certified Professional of Occupancy (CPO), Fair Housing Compliance (FHC) and Blended Compliance Designation (BCD) courses and for the SHCM Blended Learning on-line certification course. Gwen’s classes are interactive, informative and in demand.

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