A delay in the effective date of the Refinement of Income and Rent Determination Requirements Final Rule was published in the Federal Register March 27, 2009. The rule, originally scheduled to be effective on March 30, 2009, will be effective on September 30, 2009.
Please note: one of the provisions in the Final Rule is that use of the Enterprise Income Verification (EIV) system will be mandatory. While all other provisions of the Final Rule were to be effective on March 30, 2009, multifamily owners and management agents were to be provided an additional six months, to September 30, 2009, to implement use of the EIV system. The Department has determined that a further delay in the mandatory use of EIV beyond September 30, 2009, by multifamily owners and management agents is not necessary. Therefore, the use of EIV will also become mandatory for multifamily owners and management agents effective September 30, 2009.
To learn more about the Final Rule:
Refinement of Income and Rent Determination Requirements in Public and Assisted Housing Programs – Final Rule published in the January 27, 2009 Federal Register can be found here. The proposed delay in the effective date and information relating to non-citizens published in February 11, 2009 Federal Register.
To learn more about obtaining access to and using the EIV system go to the Multifamily EIV website. (AAHSA)