[Code of Federal Regulations]

[Title 24, Volume 4]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 24CFR990.270]



[Page 723]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

CHAPTER IX--OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, 

               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 990_THE PUBLIC HOUSING OPERATING FUND PROGRAM--Table of Contents

 

                       Subpart H_Asset Management

 

Sec.  990.270  Asset management.



    As owners, PHAs have asset management responsibilities that are 

above and beyond property management activities. These responsibilities 

include decision-making on topics such as long-term capital planning and 

allocation, the setting of ceiling or flat rents, review of financial 

information and physical stock, property management performance, long-

term viability of properties, property repositioning and replacement 

strategies, risk management responsibilities pertaining to regulatory 

compliance, and those decisions otherwise consistent with the PHA's ACC 

responsibilities, as appropriate.