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HUD   >   Program Offices   >   Public and Indian Housing   >   Real Estate Assessment Center (REAC)   >   REAC   >   Financial Assessement of Public Housing Agencies
Financial Assessment of Public Housing Agencies
(FASS PHA)
FASS PH reviews the annual financial statements of over 4,000 public housing agencies and section 8 only entities in the country to assess their financial condition and risk.
Notice to FASS PH System Users
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Notice to FASS-PH System Users
FASS-PH submission issues have been identified. PHAs that selected "Asset Management with COCC/Elimination" are receiving an error message when validating certain programs.
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FASS PH System Release
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FASS-PH February 2016 System Release
A FASS-PH System Release will be implemented on February 15, 2016. For the list of items updated in this release, click on Learn More.
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FASS PH Notice
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FASS PH Notice
REAC is upgrading FASS PH system to conform to 2 CFR 200, subpart F. PHAs with FYE 12/31/15 are requested to defer creating their Unaudited FDS until 2/15/16.
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Bad Debts Reporting in the FDS
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Bad Debts Reporting in the FDS
On 9/23/2015 HUD published a guidance on reporting Bad Debts in the FDS resulting from the issuance of OMB's 2 CFR 200.
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Family Self Sufficiency (FSS) Program or CFDA #14.896
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Family Self Sufficiency (FSS) Program or CFDA #14.896
The Consolidated Appropriations Act of 2014 (enacted on 1/17/2014) provided that FSS Coordinator funding for the PH and HCV programs be combined.
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Accounting Brief #22
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Accounting Brief #22
This brief was issued on October 2014. It outlines how the projects converting to Rental Demonstration Program (RAD) are to be reported in the Financial Data Schedule (FDS).
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FDS Line Definition Guide (July 2014)
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FDS Line Definition Guide (July 2014)
The Guide was updated to reflect the requirements of GASB Statements #63 & #65 and to clarify specific FDS line definitions effective for PHAs with FYE 12/31/2013 & later.
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Accounting Brief #21
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Accounting Brief #21
Reporting in FDS the "Deferred Outflows/Inflows of Resources & Net Position" (GASBS 63) and "Items Previously Reported as Assets & Liabilities" (GASBS 65)
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