HUD, HHS Ease EIV Paperwork Headache

In June, HUD announced that it is finalizing an agreement with the Department of Health and Human Services (HHS) to allow you to retain printed Enterprise Income Verification (EIV) reports in tenant files for the term of tenancy plus three years after the termination of tenancy. According to HUD, HHS has agreed to allow HUD property owners and managers to keep EIV New Hires data in tenant files much longer than before. An earlier HUD-HHS agreement required owners to destroy the EIV printed reports with New Hires data in tenant files when the reports were two years old.

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