HUD Names Cumberland Housing a High Perfoming Agency
November 15, 2016
HUD has announced that the Housing Authority of the City of Cumberland has once again been awarded the High Perfoming agency status for the 2016 fiscal year ending April 30, 2016 with a rating of 95%. Cumberland Housing is proud to have accomplished this High Performer rating continously since the inception of the assessment program in 1998.
The HUD Public Housing Assessment System (PHAS) is an assessment tool used by HUD to measure the performance of the operations of a Housing Authority. PHAS helps the delivery of services in public housing and enhances trust in the public housing system by providing a management tool for effectively and fairly measuring the performance of a Public Housing Authority in essential housing operations.
The assessment covers four areas:
1) Physical Assessment which is an onsite inspection of the physical housing developments owned and operated by Cumberland Housing utilizing the stringent Uniform Physical Condition Standards (UPCS) protocol performed by a HUD contractor;
2) Financial Assessment which is reported through an online reporting system with verification performed by an outside auditing firm from Delaware. This assessment measures the Debt Service Coverage, Net Assets and the ratio of income to expenditures;
3) Management Operations Assessment is performed through the HUD on line reporting systems that the Housing Authority is required to use and measures Occupancy Rate, Accounts Receivable, and Accounts Payable and is verified by the auditing firm during their two week on site review;
4) Capital Fund Program Assessment which measures the timeliness of Capital Improvement projects and the use of Capital Funds awarded to the Housing Authority.