analysis.) — HUD Handbook 4350.3 REV-1 — Occupancy Requirements of Subsidized Multifamily Housing Programs

NOTE: Wage, unemployment and Social Security income in TRACS includes:

TRACS Income Code
	Type of Income
B	Business
F	Federal Wage
M	MilitaryPay
W	Nonfederal Wage
U	Unemployment
SS	Social Security
SSI	Supplemental Security Income

NOTE: Other income the household receives, e.g., welfare benefits, most pensions, child support, etc., may be reported in annual income in TRACS but it is not used for the discrepancy analysis in the EIV system.

The Income Discrepancy Report is a tool to alert owners that there may be a discrepancy in the income reported by the tenant during the POI used for the discrepancy analysis. The owner must investigate all discrepancies identified on the report to determine whether or not the discrepancy is valid. The owner is not expected to reconcile dollar amounts to the penny when resolving discrepancies.
Owners must:
- a. Print the Income Discrepancy Report at the same time they print the Income Report.

NOTE: It is important that the Income Discrepancy Report be printed at the same time as the Income Report as each week a completely new report is generated based on the current information in the system for a tenant. The old report is overwritten with the current data.

b. Review and resolve any discrepancies in income reported on the Income Discrepancy Report with the family at the time of recertification or within 30 days of the EIV Income Report date. Any unreporting, underreporting or over-reporting of income by the tenant and reported on current or historical forms HUD-50059 must be identified. (See Chapter 8, Paragraphs 8-18 and 8-19 for the procedures for addressing discrepancies, errors and fraud.)

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

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Section 3: EIV Reports

4350.3 REV-1

c. Retain the Income Discrepancy Report along with detailed information on the resolution of the reported discrepancy in the tenant file. This includes information on resolution of the discrepancy regardless of whether the discrepancy was found to be valid or invalid.
d. Make sure the information in TRACS agrees with the information on the form HUD-50059 in the tenant file. If it is determined that the information in TRACS differs from the information found on the tenant’s current HUD-50059, retransmit the current HUD-50059 to correct the TRACS database. This is important since the income discrepancies reported in the EIV system are determined by comparing the wage, unemployment and Social Security benefits income reported by NDNH and/or SSA with the wage, unemployment and Social Security benefits income reported by the household and transmitted to TRACS.