REAC manages the Inventory Management System (IMS) / Public and Indian Housing Information Center (PIC). Select the link below for valuable information on this system.
As part of its commitment to management reform, HUD has improved its oversight of important housing programs by consolidating many assessment functions within REAC. Listed below are descriptions of all the assessment products that REAC produces for HUD and our industry partners. Click on any link to reach a product page containing detailed product information, news, guidance, and valuable links to other sites.
- Physical Inspection (PASS)
REAC conducts a program of annual physical inspections of public and assisted multifamily housing.
- Financial Assessment - Multifamily (FASS-MF)
Annually, REAC receives and analyzes financial statements for over 20,000 HUD insured or assisted multifamily properties.
- Financial Assessment - Public Housing Agencies (FASS-PHA)
REAC receives and analyzes the annual financial statements of the nation's 3,300 public housing agencies.
- Financial Assessment - Quality Assurance Operations (QASS)
The REAC Quality Assessment Subsystem staff performs quality assurance reviews of Independent Public Accountants (IPAs) who perform audits and attestations of HUD-assisted multifamily projects, public housing agencies (PHAs), and single family lenders.
- Resident Assessment Sub-System (RASS)
REAC promotes resident participation by use of a random sample survey process which measures the level of tenant satisfaction with housing conditions.
- Management Operations Certification (MASS)
The management capability of a PHA is assessed annually based on detailed information submitted electronically to REAC.
- PHAS Interim - Public Housing Assessment System Interim
Annually, REAC determines the overall performance of the nation's 3,300 PHAs by combining physical, financial, management, and Capitol Funding assessment results.