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HUD Passbook Rate Change-follow up

Hopefully everyone is aware of the HUD passbook rate change. Effective February 1, 2015, the passbook savings rate to be used for all move-in, initial, annual, and interim recertifications when a family has net assets over $5,000 is .06% (that’s .0006 and no rounding).

This new rate will affect the following subsidy types:

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Learn more about the revised EIV Notice H2013-06

HUD Housing Notice 2013-06, Enterprise Income Verification (EIV) System, was issued today, March 12, 2013. This Notice supersedes Notices H 2011-21, H 2008-03, H 2009-20, and H 2010-10. The Notice is posted here at http://www.ahtcsonline.com/Industry Links/HUD Notices/HUD_Notice-H2013-06.pdf.

Learn more by taking our new UPDATED class for EIV: https://www.AHTCSonline.com/regform-multi.php

The revised Notice:

Adds Section 811 Project […]

Removal of SSN from tenant files

Although this is not yet a requirement, it is obvious that there is a push in the affordable housing industry to reduce the amount of times the SSN is disclosed in the tenant file to minimize the risk of identity fraud. We were told during a recent TRACS Industry meeting that the SSN will not […]