Obama administration sets housing agency pay caps

The Obama administration is clamping down on excessive pay at public housing authorities, setting caps that extend and expand limits imposed by Congress.  After conducting a national compensation survey, the U.S. Department of Housing and Urban Development plans to set a maximum salary ceiling of $155,000 for public housing agency officials, according to two senior administration officials. The cap applies to the portion of executive salary paid with federal money.  Agencies can still supplement a top officials pay with state or local government money.  While the top limit planned by the Obama administration would be $155,000 for agencies managing more than 1,250 public housing units, HUD would set lower limits for smaller public housing agencies. Housing authorities with between 250 and 1,250 units could pay a maximum of $125,926, and agencies handling fewer than 250 units could pay no more than $88,349.

Associated Press

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s