Current through November 30, 2024
Section 902.30 - Financial condition assessment(a)Objective. The objective of the financial condition indicator is to measure the financial condition of each public housing project within a PHA's public housing portfolio for the purpose of evaluating whether there are sufficient financial resources to support the provision of housing that is DSS/GR. Individual project scores for financial condition, as well as overall financial condition scores, will be issued.(b)Financial reporting standards. A PHA's financial condition will be assessed under this indicator by measuring the combined performance of all public housing projects in each of the subindicators listed in § 902.35 , on the basis of the annual financial report provided in accordance with § 902.33 .(c)Exclusions. Mixed-finance projects are excluded from the financial condition indicator.