On February 11, HUD released a 30-Day Notice of Proposed Information Collection in the Federal Register on Public Housing Agency Executive Compensation Information. As required by Congress, HUD collects information on the compensation provided by public housing agencies (PHAs) to the top management official, the top financial official, and all employees who are paid an annual salary over the compensation cap imposed by Congress in HUD’s annual appropriations (Level IV of the Executive Schedule). The compensation data collected includes base salary, bonus, and incentive and other compensation, and the extent to which these payments are made with any Section 8 and 9 appropriated funds.
HUD will shift from collecting data on PHA compensation from annually to triennially (once every three years). This will reduce reporting requirements for all PHAs. While HUD may only collect PHA compensation data once every three years, PHAs are still subject to the annual compensation restrictions imposed by Congress. Therefore, all years remain subject to potential review by HUD to ensure compliance with the Annual Appropriations Act.
Comments are due on March 14, 2022.