HUD Announces EIV Data Retention Requirements will change

The following announced today via RHIIP Listserve:

"HUD is in the process of finalizing negotiations with the Department of Health and Human Services (HHS) for retention of the National Directory of New Hires (NDNH) employment and income data obtained  from the EIV system.  HHS has agreed to allow retention of the EIV printed reports for the term of tenancy plus three years after termination of tenancy.  With this change, owners and management agents (O/As) will no longer need to worry about destroying the EIV printed reports containing NDNH data in the tenant files when the reports are two years old.  This change will be incorporated in a revision to Notice H2008-3, Enterprise Income Verification (EIV) System."