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AGENCY FINANCIAL REPORT FY 2013: Section II

Required Supplementary Stewardship Information (RSSI)

Introduction

 

This narrative provides information on resources utilized by HUD that do not meet the criteria for information required to be reported or audited in HUD’s financial statements but are, nonetheless, important to understand investments made by HUD for the benefit of the Nation. The stewardship objective requires that HUD also report on the broad outcomes of its actions associated with these resources. Such reporting will provide information that will help the reader to better assess the impact of HUD’s operations and activities.

 

HUD’s stewardship reporting responsibilities extend to the investments made by a number of HUD programs in Non-Federal Physical Property, Human Capital, and Research and Development. Due to the relative immateriality of the amounts and in the application of the related administrative costs, most of the investments reported reflect direct program costs only. The investments addressed in this narrative are attributable to programs administered through the following divisions/departments:

   Overview of HUD’s Major Programs 

Community Planning and Development (CPD)

CPD seeks to develop viable communities by promoting integrated approaches that provide decent housing, a suitable living environment, and expanded economic opportunities for low- and moderate-income persons. HUD makes stewardship investments through the CPD programs.
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Public and Indian Housing (PIH)

PIH ensures safe, decent, and affordable housing, creates opportunities for residents’ self-sufficiency and economic independence, and assures the fiscal integrity of all program participants. HUD makes stewardship investments through the PIH programs.
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Policy Development and Research (PD&R)

PD&R's stewardship responsibilities include maintaining current information to monitor housing needs and housing market conditions, and to support and conduct research on priority housing and community development issues. In prior years, HUD made stewardship investments through the Community Development Work Study and the Partnership for Advancing Technology in Housing (PATH) program. 
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Office of Healthy Homes and Lead Hazard Control (OHHLHC)

The OHHLHC program seeks to eliminate childhood lead poisoning caused by lead-based paint hazards and to address other childhood diseases and injuries, such as asthma, unintentional injury, and carbon monoxide poisoning, caused by substandard housing conditions. 
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RSSI Reporting – HUD’s Major Programs

 

Non-Federal Physical Property

Investment in Non-Federal Physical Property: Non-Federal physical property investments support the purchase, construction, or major renovation of physical property owned by state and local governments. These investments support HUD’s strategic goals to increase the availability of decent, safe, and affordable housing and to strengthen communities.   
(For more information click  here)  

Human Capital

Investment in Human Capital: Human Capital investments support education and training programs that are intended to increase or maintain national economic productive capacity. These investments support HUD’s strategic goals, which are to promote self-sufficiency and asset development of families and individuals; improve community quality of life and economic vitality; and ensure public trust in HUD.  
(For more information click here)

Research and Development

Investments in Research and Development: Research and development investments support (a) the search for new knowledge and/or (b) the refinement and application of knowledge or ideas, pertaining to development of new or improved products or processes. Research and development investments are intended to increase economic productive capacity or yield other future benefits. 
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HUD wins 7th consecutive CEAR award.

FY 2013 Agency Financial Report
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