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U.S. Department of Housing and Urban Development

Real Estate Assessment Center
About REAC
 - Business area products
 - - Physical inspection
 - - Financial Assessment - Multifamily
 - - Financial Assessment - Public Housing Agencies
 - - Quality assurance operations
 - - Customer Satisfaction Survey
 - - Management operations certification
 - - PHAS - Public Housing Assessment System
 - - Subsidy and Grants Information Systems
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Related Information
 -   Financial Assessment - Single Family Lenders
 -   Lead Hazard Assessment

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.

 -   Customer Satisfaction Survey
REAC promotes resident participation by use of a random sample survey process which measures the level of tenant satisfaction with housing conditions.

 -   Financial Assessment - Multifamily
Annually, REAC receives and analyzes financial statements for over 20,000 HUD insured or assisted multifamily properties.

 -   Financial Assessment - Public Housing Agencies
REAC receives and analyzes the annual financial statements of the nation's 3,300 public housing agencies.

 -   Financial Assessment - Quality Assurance Operations
The REAC Quality Assessment Subsystem (QASS) 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.

 -   Management Operations Certification
The management capability of a PHA is assessed annually based on detailed information submitted electronically to REAC.

 -   PHAS - Public Housing Assessment System
Annually, REAC determines the overall performance of the nation's 3,300 PHAs by combining physical, financial, management, and customer satisfaction assessment results.

 -   Physical Inspection
REAC conducts a program of annual physical inspections of public and assisted multifamily housing.

 -   Subsidy and Grants Information Systems
The Subsidy and Grants Information Systems (SAGIS) supports the business process program areas in the Office of Public and Indian Housing (PIH). The areas are: Housing Choice Vouchers, Capital Fund, Operating Fund, Office of Native American Programs (ONAP) and the Grants Managements Center (GMC Competitive Grants).
 
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