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Title 24: Housing and Urban Development
CHAPTER IX: OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
PART 902: PUBLIC HOUSING ASSESSMENT SYSTEM
Subpart C: PHAS Indicator #2: Financial Condition
902.30 - Financial condition assessment.
(a) Objective. The objective of the Financial Condition Indicator is to measure the financial condition of a PHA for the purpose of evaluating whether it has sufficient financial resources and is capable of managing those financial resources effectively to support the provision of housing that is decent, safe, sanitary and in good repair.
(b) Financial reporting standards. A PHA's financial condition will be assessed under this indicator by measuring the PHA's entity-wide performance in each of the components listed in ? 902.35, on the basis of the annual financial report provided in accordance with ? 902.33.
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