Project-Based Accounting Guidebook

Public Housing Agencies (PHAs) have evolved as some of the most complex real estate operations in the country. PHAs operate housing in a-highly regulated environment which is constantly changing. Funding programs have become more numerous and complex. Over the past several decades, the housing stock has aged, and houses a more diverse and lower income population than in the past. PHAs are expected to provide both housing and social services to their residents, but limited public funding and high public expectations make it increasingly difficult to allocate limited resources to meet all needs of low-income residents and sustain the operations of PHAs.