New York A05648 requires public housing authorities to submit a physical needs assessment every five years.

New York A05648 amends the public housing law to mandate that public housing authorities submit a physical needs assessment every five years. This assessment, defined as a standard operating procedure for real estate management, involves a periodic examination and evaluation of real estate to determine a long-term schedule and cost for replacing major property components. The assessment provides data to evaluate the viability of the real estate to continue serving its intended purpose into the future.

New York A05648 requires public housing authorities to submit a physical needs assessment every five years.

New York A05648 amends the public housing law to mandate that public housing authorities submit a physical needs assessment every five years. This assessment, defined as a standard operating procedure for real estate management, involves a periodic examination and evaluation of real estate to determine a long-term schedule and cost for replacing major property components. The assessment provides data to evaluate the viability of the real estate to continue serving its intended purpose into the future.