HUD’s EIV System Update 10.0.0.0 Release Summary
HUD's EIV System Update 10.0.0.0 Release Summary HUD’s EIV system update 10.0.0.0 was successfully released on September 25, 2015. During this update, HUD incorporated minor screen display updates fo ...
2016 OCAF Factors Published
The 2016 OCAFs (Operating Cost Adjustment Factors) were published in the Federal Register October 13, 2015.
Asset Verification Requirements- Clarification from Headquarters
Asset Verification Requirements- Clarification from Headquarters Assets are a challenging part of the HUD rent calculation process. A frequent question PMCS receives from clients ...
FAQs Published on Utility Allowance Analysis Methodology
FAQs Published on Utility Allowance Analysis Methodology In June 2015, PMCS informed our readers about the release of Housing Notice 2015-04 - Methodology for Completing a Multifamily Housing Utility ...
Q and A: EIV Income Discrepancy
Q and A: EIV Income Discrepancy Question: I had an EIV Income Discrepancy show up for one of my tenants when I ran the EIV reports for her Annual Recertification. I have researched it and verified i ...
Q and A: IRS Garnishments
Q and A: IRS Garnishments Question:: I have a tenant that has a VA benefit of $1100/month, but every month, the government garnishes $100 of the payment for unpaid taxes. What do I count as the inc ...
What is LEP?
What is LEP? HAP, PRAC, EIV, TRACS, and TSP are just a few of the numerous abbreviations used daily in the HUD affordable housing industry. However, there is a relatively new acronym that many are n ...
Q and A: Mother Deployed for Military Service Overseas
Q and A: Mother Deployed for Military Service Overseas Question:Â A woman head of household lives in the unit with her 10 and 12 year old children. The mother is deployed for military service overseas ...
Q and A: Son Leaving Unit
Q and A: Son Leaving Unit Question:Â A Head of Household mom lives in a unit with her 17 year old son. The son recently left the unit and his mother does not know when or if he will return. She curre ...
Gearing Up For Layered Subsidy
Gearing Up For Layered Subsidy As much of the existing Section 8 housing inventory reaches the 30-40 year mark, more and more owners are investigating options for private investors to leverage capita ...