[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: 24CFR990.275]



[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.  990.275  Project-based management (PBM).



    PBM is the provision of property-based management services that is 

tailored to the unique needs of each property, given the resources 

available to that property. These property management services include, 

but are not limited to, marketing, leasing, resident services, routine 

and preventive maintenance, lease enforcement, protective services, and 

other tasks associated with the day-to-day operation of rental housing 

at the project level. Under PBM, these property management services are 

arranged, coordinated, or overseen by management personnel who have been 

assigned responsibility for the day-to-day operation of that property 

and who are charged with direct oversight of operations of that 

property. Property management services may be arranged or provided 

centrally; however, in those cases in which property management services 

are arranged or provided centrally, the arrangement or provision of 

these services must be done in the best interests of the property, 

considering such factors as cost and responsiveness.