HUD has issued its first PIH notice of 2014. Notice PIH 2014-01, titled “Guidance on Reporting Public Housing Agency Executive Compensation Information," introduces a revised version of Form HUD-52725, an Excel spreadsheet used for reporting executive compensation.
The new notice supersedes the portions of Notice PIH 2011-48 that refer to the older version of the HUD-52725 form. Key changes include:
- There are no reporting exemptions;
- The submission date is not tied to the submission of the HUD-52723 form;
- Data must be submitted for the top management official and top financial official;
- The types of compensation that must be reported have changed;
- Compensation data is required for no more than three employees; and
- Source of funds must be reported for those employees with total cash compensation exceeding $155,500.
The notice requirements apply to Moving to Work (MTW) and non-MTW agencies. PHAs are required to use the HUD-provided 52725 form rather than an alternative reporting method. Data on compensation for calendar year 2013 (or the tax year ending in 2013, if appropriate) must be submitted no later than February 28, 2014. HUD may impose monetary sanctions for noncompliance.
In other news:
Economic Policy Institute (via Center for American Progress): The 13 most important charts of 2013
The HUDdle: A zip code shouldn’t determine a young person’s future
