[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: 24CFR990.275]

[Page 721-722]
 
                 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;

[[Page 722]]

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.