New Income Limits

The 2007 Income Limits have been posted in HUDClips. These income limits are effective March 20, 2007. To obtain a copy of your new income limits, visit the HUD User web site at http://www.huduser.org/datasets/il.html.

Questions related to how these income limits apply to the programs of state and other federal agencies should be referred to those agencies. Questions concerning the methodology used to develop these income limits are addressed in the Fiscal Year 2007 Income Limits Briefing Material, which is posted on the income limits website. HUD’s explanation of income limits is available on the HUD User web site at http://www.huduser.org/datasets/il/il07/HUD_sec8_FY2007.pdf

If you have questions concerning these income limits, please contact your field office economist.

Social Security Data Matching Update

As some of you know, one of the changes that will occur when EIV is fully implemented is that Social Security and Income discrepancy messages will be maintained in EIV and TRACS Social Security errors will be phased out.

However, in order to ensure that owner/agents continue to receive critical income matching information during EIV implementation, HUD decided to continue to match SSA data within TRACS through fiscal year 2007. Please keep in mind that HUD’s fiscal year end is September 30.

Currently, information is compared in both TRACS and EIV. In the future, income matching and resulting errors will only be available to those of you using EIV. If you are not set up to use EIV yet, we have posted an EIV Quick Start document on our web site at http://www.rbdnow.com/guidebooks.htm.

If you are experiencing difficulties with the EIV system, please contact the Helpdesk personnel for assistance at (800) 767-7588.

Industry Meeting Agenda Posted

The HUD Industry Meeting is scheduled for April 11 and 12 in Washington, DC. For those of you who plan to attend, please note that the meeting agenda has been posted on the TRACS/Announcements web site at http://www.hud.gov/offices/hsg/mfh/trx/announcements.pdf

LEP

In a prior HUDBlast, RBD referred our customers to HUD’s LEP training site. Subsequently, HUD contacted us and asked us to provide you with some clarification. The training web sites referenced contain LEP training information that was developed before final guidance was issued. While these resources may provide good ideas and approaches, editing may be required to ensure that training content is up to date.

We sincerely appreciate HUD’s efforts to help us provide you with complete and accurate information.

RBD does not act as a legal advisor nor as a regulatory governing agency. The recipient should understand that any materials or comments contained herein are not designed for, nor should be relied upon as a source of legal guidance or as a final authority with respect to any particular circumstance. Ross Business Development, Inc. makes no warranty of merchantability or fitness for a particular purpose or any other warranty of any type. Owners and management should seek competent legal advice in developing and carrying out policies and procedures. While we have been diligent in our efforts to provide comprehensive and accurate regulatory information, Ross Business Development, Inc. shall not be responsible for errors or inaccuracies.