H.R.6216: To improve the Operating Fund for public housing of the Department of Housing and Urban Development, and for other purposes.

To improve the Operating Fund for public housing of the Department of Housing and Urban Development, and for other purposes. 7/9/2008--Passed House amended.    (There is 1 other summary) Asset Management Improvement Act of 2008 - Prohibits the Secretary of Housing and Urban Development from imposing restrictions or limitations on the amount of management and related fees for a public housing project which the public housing agency (PHA) determines reasonable, unless such restriction or limitation: (1) is determined pursuant to a negotiated rulemaking convened by the Secretary no earlier than April 1, 2009, with representatives from interested parties; and (2) is effective only on or after January 1, 2011. Allows any PHA that owns or operates fewer than 500 public housing units under the United States Housing Act of 1937 to elect to be exempt from asset management requirements imposed by the Secretary. Prohibits the Secretary from imposing [...]

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