[Code of Federal Regulations]
[Title 24, Volume 4]
[Revised as of April 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR990.270]

[Page 721]
 
                 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.