---
kind: "section"
citation: "24 C.F.R. § 990.255"
title: "24"
number: "990.255"
heading: "Overview."
url: "https://uscodex.org/cfr/24/990.255"
---

# §990.255. Overview.

- (a) PHAs shall manage their properties according to an asset management model, consistent with the management norms in the broader multi-family management industry. PHAs shall also implement project-based management, project-based budgeting, and project-based accounting, which are essential components of asset management. The goals of asset management are to:
  - (1) Improve the operational efficiency and effectiveness of managing public housing assets;
  - (2) Better preserve and protect each asset;
  - (3) Provide appropriate mechanisms for monitoring performance at the property level; and
  - (4) **Facilitate future investment and reinvestment in public housing by public and private sector entities.**
- (b) HUD recognizes that appropriate changes in its regulatory and monitoring programs may be needed to support PHAs to undertake the goals identified in [paragraph (a)](#a) of this section.

## Notes

### Authority

Authority: 42 U.S.C. 1437g; 42 U.S.C. 3535(d).

### Source

Source: 70 FR 54997, Sept. 19, 2005, unless otherwise noted.