What is the status of using HUD's Enterprise Income Verification (EIV) system for income verifications?

The use of HUD's Enterprise Income Verification (EIV) system is critical for ensuring compliance with income verification requirements in the context of Low-Income Housing Tax Credit (LIHTC) properties. The EIV system is designed to provide a centralized, efficient way to verify tenant income by accessing information from various federal agencies. This helps program administrators avoid manual verification processes that can lead to errors and inconsistencies.

In this context, it is mandatory for housing authorities and property managers managing LIHTC properties to utilize the EIV system for income verifications. This requirement helps to ensure that tenant incomes are accurately reported and verified, aligning with federal standards for income eligibility and compliance. The reliance on the EIV system not only streamlines the verification process but also enhances the integrity of the LIHTC program by reducing fraud and promoting transparency in income documentation.

Options suggesting that the use of the EIV system is optional or merely recommended do not align with the established requirements for LIHTC projects. Moreover, stating that it is prohibited contradicts the necessity of using EIV for income verification in maintaining compliance and ensuring the effective administration of LIHTC properties. Thus, the status of using HUD's EIV system for income verifications is indeed required for LIHT