The Department of Housing and Urban Development (HUD) is proposing changes to their Enterprise Income Verification System (EIV) under the Privacy Act of 1974. The update involves replacing the Income Discrepancy Report with an Income Validation Tool to improve accuracy in verifying tenants’ incomes and reduce false discrepancies. This system is used to check income information for families receiving HUD rental assistance, making it easier to identify any unreported income or errors. Public comments on these changes are encouraged until January 27, 2025, and the changes will take effect after the comment period unless significant objections are raised.
Simple Explanation
The HUD wants to make sure people who get help with rent are reporting their money correctly. They are changing a tool to check this better, and they want everyone to say what they think about this change by January 27, 2025.