PIC-NG is coming – Are you ready?
Emphasys Consulting works with many PHAs, and we have performed years of Voucher Management System (VMS) reporting for their respective Housing Choice Voucher Programs (HCVP). We also have been engaged by clients to assist with HUD’s Quality Assurance Division (QAD) audits of the HCVP and VMS reporting. In our many years of experience, we have routinely found that many PHAs struggle to maintain the VMS reporting category and the tenant Voucher type accurately. This means that both VMS and PIC reporting is not correct.
We’ve been hearing from HUD that PIC-NG is coming and, although the release of PIC-NG is currently a little behind schedule, it will be here very soon, and it will be replacing VMS reporting.
So, what does this mean?
HUD uses the VMS reporting system to perform what they refer to as Cash Management, meaning that PHAs receive their funding from HUD based on the information that is entered into HUD’s online VMS system.
When HUD replaces the PHA manually entered VMS reporting requirement, they will replace it by using the Tenant Characteristics Report (HUD Form 50058) data that is transmitted each month to the HUD PIC system to determine both the voucher count by voucher increment type and your expenses in order to determine your funding.
We are expecting that, upon implementation of PIC-NG, there will be a period of uncertainty in data accuracy requiring reconciliation to get PIC-NG information accurate. During this reconciliation process, we don’t know how HUD will determine your funding which we know will complicate matters and potentially delay funding.
Emphasys Consulting would like to help you ensure the highest level of accuracy of your 50058 data now, so your PIC-NG implementation experience is as smooth as possible.