Public Housing        Assessment System                            PHAS Interim Rule                      Overview and Key...
Interim PHAS: Four Indicators         40 points                              25 points                      Physical      ...
Interim PHAS: Global Changes    The Resident Service and Satisfaction Indicator was                         removed       ...
Interim PHAS Data Sources                 Self Certifications are eliminated.     Indicators will be measured using data f...
Physical Condition Indicator ChangesPoints increased from 30 to 40Exigent Health and Safety violations may now be correcte...
UPCS Inspection Frequency                  PHAs with less than 250 units           (Frequency of PHAS based upon PHAS scor...
UPCS Inspection Frequency                         PHAs with 250 units or more           (Frequency based upon the project ...
Financial Indicator Changes                Points decreased from 30 to 25                                Three sub-indicat...
Management Operations Indicator                   Changes                Points decreased from 30 to 25                   ...
Management Operations Indicator                Changes (continued)        Physical Condition and Neighborhood          Env...
PHAS Designation Status (24 CFR 902.11) PHAS Status                                                        Individual Indi...
Designations & Assessments                                             Small PHAs                           High         S...
QuestionsReal Estate Assessment Center   Version 2.0                  24                                              PHAS...
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Phas monica hawkins

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Phas monica hawkins

  1. 1. Public Housing Assessment System PHAS Interim Rule Overview and Key Points October 24, 2011 1Real Estate Assessment Center Version 2.0 PHAS Interim Rule
  2. 2. Interim PHAS: Four Indicators 40 points 25 points Physical Financial Condition Condition Capital Fund Management Program Operations 10 points 25 points 2Real Estate Assessment Center Version 2.0 PHAS Interim Rule
  3. 3. Interim PHAS: Global Changes The Resident Service and Satisfaction Indicator was removed Substandard Performers are not designated as Troubled PHAs Interim PHAS scores only the public housing program— financial assessments will not be entity-wide Mixed-finance projects will not receive financial or management scores; they will receive a physical score 3Real Estate Assessment Center Version 2.0 PHAS Interim Rule
  4. 4. Interim PHAS Data Sources Self Certifications are eliminated. Indicators will be measured using data from: Financial Assessment Sub System (FASS) Physical Assessment Sub System (PASS) (from Uniform Physical Condition Standards (UPCS) inspections) The electronic Line of Credit Control System (eLOCCS) PIH Information Center (PIC) 4Real Estate Assessment Center Version 2.0 PHAS Interim Rule
  5. 5. Physical Condition Indicator ChangesPoints increased from 30 to 40Exigent Health and Safety violations may now be corrected,remedied or abated by a PHAPhysical Condition and Neighborhood Environment adjustmentmoved to Management Operations IndicatorTechnical review requests due 30 days after the date theinspection report is releasedDatabase adjustment requests due 45 days after the date theinspection report is released3-2-1 Incentive for Physical Inspection FrequencyBaseline inspections of all projects will begin for PHAs with FYEMarch 31, 2011 5Real Estate Assessment Center Version 2.0 PHAS Interim Rule
  6. 6. UPCS Inspection Frequency PHAs with less than 250 units (Frequency of PHAS based upon PHAS score) YEAR(S) High performer PHAS score: ≥90 (and not Capital 3 Fund Troubled) PHAS and UPCS Inspections every 3rd year 2 Standard & Substandard PHAS score: 60-89 PHAS and UPCS Inspections every 2nd year 1 Troubled PHAS score <60 or Capital Fund Troubled PHAS and UPCS Inspections every year 6Real Estate Assessment Center Version 2.0 PHAS Interim Rule
  7. 7. UPCS Inspection Frequency PHAs with 250 units or more (Frequency based upon the project PASS score) YEAR(S) Project score ≥90 UPCS project Inspection every 3rd year 3 Project score 80 but less than 90 2 UPCS project Inspection every 2nd year Project score <80 1 UPCS project Inspection every year 1 Troubled: PHAS score <60 or Capital Fund Troubled UPCS Inspections of all projects every year 7Real Estate Assessment Center Version 2.0 PHAS Interim Rule
  8. 8. Financial Indicator Changes Points decreased from 30 to 25 Three sub-indicators Months Expendable Debt Service Quick Ratio (QR) Net Asset Ratio Coverage Ratio (MENAR) (DSCR) Measures adequacy Measures capacity Measures liquidity of reserves to cover debt 12 points 11 points 2 points High Liquidity Adjustment discontinued 8Real Estate Assessment Center Version 2.0 PHAS Interim Rule
  9. 9. Management Operations Indicator Changes Points decreased from 30 to 25 Three sub-indicators Tenant Accounts Accounts Payable Occupancy Receivable (TAR) (AP) [New] Amount of tenant Includes allowable accounts receivable Amount of money vacancies against tenant owed to vendors charges 16 points 5 points 4 points 12Real Estate Assessment Center Version 2.0 PHAS Interim Rule
  10. 10. Management Operations Indicator Changes (continued) Physical Condition and Neighborhood Environment (PCNE) adjustments Physical Condition Neighborhood Environment Projects at least 28 years old Projects in census tracts in which based on weighted DOFA data at least 40% of families have an income below poverty rate 1 point 1 point PCNE is automatically calculated using information from PIC andadded at the project level before computing the weighted average MASS score 13Real Estate Assessment Center Version 2.0 PHAS Interim Rule
  11. 11. PHAS Designation Status (24 CFR 902.11) PHAS Status Individual Indicator Designation Composite PHAS Score Score At least 60% of total points available in Overall PHAS score of 90% PASS(24), MASS(15), FASS(15) and 50%High Performer of the total points for CFP(5) or higher Not less than 60% of total points Standard Overall PHAS score of at available in PASS(24), MASS(15), Performer least 60% FASS(15) and 50% of the total points for CFP(5) Substandard Overall PHAS score of at Less than 60% in one or more of the Performer least 60% PASS, FASS, or MASS indicators Less than 60% of the Troubled overall PHAS score --- Capital Fund Less than 50% on CFP indicatorProgram (CFP) --- Troubled 21Real Estate Assessment Center Version 2.0 PHAS Interim Rule
  12. 12. Designations & Assessments Small PHAs High Standard Substandard Troubled Capital Fund Performer Performer Performer Program Troubled Receives PHAS assessment: Every 3 years Every 2 years Every 2 years Every year Every year Large PHAs ne ab tsl Su d rT u b n a td d ro Hm e g rm iPe r hP ee oo ff rr Performer Capital Fund Program Receives PHAS Every Every Every Every Troubled assessment: year year year year Every yearPASS inspections ≥90 80-89 ≤79 Every year** (Based on Every 3 Every 2 Everyindividual project Every 2 years* scores) years* years* year*** Based on individual project scores, the projects will be inspected according to the 3-2-1 rule** Based on PHAS score designations, ALL projects in the PHA will be inspected every year 22Real Estate Assessment Center Version 2.0 PHAS Interim Rule
  13. 13. QuestionsReal Estate Assessment Center Version 2.0 24 PHAS Interim Rule

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