HUD released a notice (H 10-08) on the implementation of the final "Refinement of Income and Rent Determination" rule from December 29, 2009.  A copy of the notice can be found here: http://www.nahma.org/member/New%20HUD%20Docs/10-08hsgn.pdf

HUD also held a webcast detailing its implementing instructions on the mandatory use of EIV.  A copy of the slides used in this webcast can be found here: http://www.nahma.org/member/New%20HUD%20Docs/eivusermandatorypresentation041410.pdf

To watch the archived copy of the webcast, please click here:  http://portal.hud.gov/portal/page/portal/HUD/webcasts/archives

All of these documents are available by clicking here:  http://www.nahma.org/member/hud.html

Due to the deployment of EIV Release 9.1 over the weekend of April 16, 2010, the summarization job that usually runs over the weekend will not run.  Therefore, the batch income reports and verification reports will not be available from April 19, 2010, until April 26, 2010.  Owners and management agents are advised to run all batch income reports and verification reports by no later than 8 PM EST on April 16, 2010. 

The following reports will have no data from April 19, 2010, until April 26, 2010:

•         Income Reports by Recertification Month

•         Income Discrepancy

•         New Hires

•         Identity Verification

•         Deceased Tenants

•         Multiple Subsidy

During this time, access to individual income reports will still be available. 

The Department of Homeland Security (DHS) has streamlined the Systematic Alien Verification for Entitlements (SAVE) database.  Beginning on May 1, 2010, you must have an updated ID and password to access the SAVE system

UNLESS

you already received a User ID and temporary Password since June 2009 from HUD.  If so, no further action on your part is required.

Please DO NOT call or email HUD to verify that your ID and password are okay.

SAVE is a web-based automated verification system owned by DHS that consists of immigration status verification information.  Authorized users of HUD's Enterprise Income Verification (EIV) system who are also authorized to use the SAVE system are now able to access SAVE from EIV.  

Sanchez Introduces Credit Exchange Extension and Expansion Bill

On February 24, House Ways and Means Committee member Linda Sanchez (D-CA) introduced the Low-Income Housing Tax Credit Expansion and Job Creation Act of 2010, H.R. 4687. The bill extends the Housing Credit Exchange program for one year and expands it to include 4 percent Credits.  Read more at NCSHA's website.

Senate Passes Extenders Bill with Exchange Extension

On March 10, the Senate passed legislation extending the Housing Credit Exchange program for one year and expanding it to include Gulf Opportunity Zone (GO Zone) Credits and Midwestern Disaster Area Credits. The bill also extends the GO Zone Housing Credit placed-in-service deadline for two years to January 1, 2013.  Read more at NCSHA's website.

Levin Bill Expands Credit Exchange Program, Extends BABs

On March 15, Acting House Ways and Means Committee Chairman Sander Levin (D-MI) released the Small Business and Infrastructure Jobs Tax Act of 2010, which expands the Housing Credit Exchange program to include 4 percent Credits, as NCSHA has advocated. Read more at NCSHA's website.