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HUD HIGHLIGHTS
April Brings Fair Housing
April’s Fair Housing Month is a time of year when the nation commemorates the passage of the 1968 Fair Housing Act and reaffirms the right of every person to live where they choose, regardless of their race, color, national origin, sex, religion, familial status, or disability. This year’s theme Fair Housing Act 2010: A Time to Act reflects the urgent need to work together to eliminate those practices that still unlawfully deny individuals their right to equal housing. During the month of April, the Office of Fair Housing and Equal Opportunity will feature blog posts about some of its recent housing discrimination cases. Read Blog Posts
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Asset Management Requirements
The third core reform under asset management is project-based accounting. Project-based accounting provides the ability to track financial performance at the project-level. Ultimately, project-based accounting provides the necessary information to make effective decisions at the project-level.
- As with other federally-assisted housing programs, PHAs will be required to submit to HUD year-end financial statements on each project. These financial statements will include revenue, expense, and balance sheet items.
- Further, PHAs will only be able to charge projects for services actually received. For example, in accounting for project costs, PHAs will not be permitted simply to spread the cost of central maintenance across projects.
- Lastly, any overhead fees and any fees for centrally-provided property management services, must be considered reasonable. This means that the costs must not exceed what other efficient operators would incur for those same services in the local market. Learn More Here>>
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HUD Webcast Schedule
Disaster Housing Assistance Program
April 21, 2010, 11:00AM-12:30PM, ET (8:00AM-9:30AM, PT) |
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Job Postings |
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