Public Housing Assessment System (PHAS)

Overview

The move to asset management will require HUD to revise the PHAS. Currently, PHAS is an entity-wide assessment system whereas asset management utilizes a property-specific focus. This page provides information on the revisions to PHAS to support asset management.

For the first year of compliance with project-based budgeting and accounting (PHAs with fiscal years ending June 30, 2008, and thereafter), PHAs will receive a transition score under the new PHAS. Incentive awards under the Capital Fund during the time that PHAs receive transition PHAS scores will be based on the PHA’s latest PHAS score prior to conversion to asset management.

All PHAs that are or will be classified as troubled will continue to be governed by their memorandum of agreements and other pertinent program rules. Moreover, although PHAs will only receive transition scores, PHAs must continue to comply with all rules associated with the public housing program and must continue to manage with economy and efficiency.