HUD’s Office of Multifamily Housing Programs (MFH) issued Notice H 2024-04 on February 28, 2024, extending the deadline for owners of Project-Based Rental Assistance (PBRA) properties to update their EIV Policies to meet the requirements under HOTMA. With HOTMA, many things are changing about EIV, including when you need to run reports and the use of self-certification of income. These changes also provide new flexibility with income determination, which can ultimately make the process less burdensome for residents. Of course, like everything related to managing HUD properties, owners and agents need to have a solid plan to show how they are handling EIV reports and give their team members clear instructions on when to run reports and why. This EIV Policy and Procedure Template allows owners and managers of HUD properties to quickly meet the new requirements under HOTMA. Upon purchase, you will be able to download a template in a Word document, and then the document will guide you to how it is best customized to meet the HOTMA requirements and the property's specific guidelines.
