HUD Publishes Request for Comments on Public Housing Financial Management Template
The U.S. Department of Housing and Urban Development (HUD) today published a request in the Federal Register for comments regarding its public housing financial management template. HUD uses the template to collect financial data from public housing agencies (PHAs) using Generally Accepted Accounting Principles (GAAP) as required by the Uniform Financial Reporting Standards. Using GAAP is meant to provide comprehensive financial assessment of the PHAs receiving federal funds from HUD. Comments are due July 8.