What does "HUD's EIV system" stand for?

HUD's EIV system stands for the Enterprise Income Verification system. This system is vital for public housing authorities and specifies a method to verify the income of individuals receiving housing assistance. By utilizing the EIV system, agencies can ensure accuracy in determining eligibility for programs, calculate rent contributions, and monitor the income of assisted tenants more effectively.

The EIV system aggregates information from multiple sources, which allows housing authorities to cross-verify the income reported by tenants against independent records. This increases accountability and helps prevent fraud, ensuring that the assistance goes to those who truly qualify based on their income level. The correct term "Enterprise Income Verification" specifically captures the focus of the system on comprehensive income verification processes necessary for the effective administration of housing assistance programs.