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Financial Assessment of FHA Housing (FASS-FHA)

Over 26,000 Multifamily Housing and Office of Residential Care Facilities participants are required to submit annual electronic financial statement data to HUD. HUD requires this data in order to determine the financial health of properties in the various portfolios, protect the Department from financial loss, ensure proper use of revenues and Federal subsidies, and assess owner compliance with the various Business Agreements such as Regulatory Agreements, Housing Assistance Payment Contracts, Use Agreements, and Charters.

View all highlights and annoucements: complete listing of past and current highlighted information in FASS-FHA affecting compliance and financial reporting to HUD by FHA program participants.