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NAICS Code 531311-06 Description (8-Digit)

Housing Authorities is a subdivision of the NAICS Code 531311, which falls under the Residential Property Managers industry. Housing Authorities are government agencies that provide affordable housing options to low-income families and individuals. They are responsible for managing and maintaining public housing developments, as well as administering rental assistance programs such as Section 8. Housing Authorities work to ensure that safe and decent housing is available to those who need it most.

Hierarchy Navigation for NAICS Code 531311-06

Parent Code (less specific)

Tools

Tools commonly used in the Housing Authorities industry for day-to-day tasks and operations.

  • Property management software
  • Maintenance management software
  • Financial management software
  • Customer relationship management software
  • Geographic information system (GIS) software
  • Building automation systems
  • Energy management systems
  • Security systems
  • Inspection checklists
  • Lease agreements

Industry Examples of Housing Authorities

Common products and services typical of NAICS Code 531311-06, illustrating the main business activities and contributions to the market.

  • Public housing developments
  • Section 8 rental assistance programs
  • Low-income housing tax credit (LIHTC) properties
  • Housing Choice Voucher Program
  • Community Development Block Grant (CDBG) program
  • Homeownership programs
  • Housing counseling services
  • Emergency housing assistance programs
  • Housing rehabilitation programs
  • Affordable housing initiatives

Certifications, Compliance and Licenses for NAICS Code 531311-06 - Housing Authorities

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Public Housing Manager (PHM): This certification is offered by the National Association of Housing and Redevelopment Officials (NAHRO) and is designed for professionals who manage public housing programs. The certification covers topics such as program management, finance, and resident services.
  • Certified Manager Of Housing (CMH): This certification is offered by the Institute of Real Estate Management (IREM) and is designed for professionals who manage affordable and public housing properties. The certification covers topics such as property management, finance, and fair housing laws.
  • Certified Occupancy Specialist (COS): This certification is offered by the National Center for Housing Management (NCHM) and is designed for professionals who work with affordable housing programs. The certification covers topics such as eligibility, rent calculation, and lease compliance.
  • Housing Quality Standards (HQS) Certification: This certification is offered by the US Department of Housing and Urban Development (HUD) and is designed for professionals who inspect and maintain public housing units. The certification covers topics such as health and safety standards, maintenance, and repair.
  • Fair Housing Certification: This certification is offered by the National Association of Realtors (NAR) and is designed for professionals who work in the housing industry. The certification covers topics such as fair housing laws, discrimination, and accessibility.

History

A concise historical narrative of NAICS Code 531311-06 covering global milestones and recent developments within the United States.

  • The Housing Authorities industry has a long history dating back to the early 20th century. The first housing authority was established in New York City in 1934, as part of the New Deal program. The Housing Act of 1937 provided federal funding for public housing, which led to the creation of more housing authorities across the country. In the 1960s, the industry faced challenges due to urban decay and the rise of suburbanization. The Housing and Urban Development Act of 1965 provided funding for urban renewal and the construction of new public housing. In recent years, the industry has focused on providing affordable housing and improving the quality of existing public housing. The HOPE VI program, launched in 1992, aimed to revitalize public housing by replacing high-rise buildings with mixed-income developments. The industry has also embraced technology, with many housing authorities implementing online application systems and digital communication tools to improve efficiency and accessibility.

Future Outlook for Housing Authorities

The anticipated future trajectory of the NAICS 531311-06 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Housing Authorities industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for affordable housing. The government is also expected to increase funding for housing programs, which will benefit the industry. However, the industry may face challenges due to budget constraints and political changes. Overall, the industry is expected to continue to play a vital role in providing affordable housing to low-income families in the USA.

Industry Innovations for NAICS Code 531311-06

Recent groundbreaking advancements and milestones in the Housing Authorities industry, reflecting notable innovations that have reshaped its landscape.

  • Implementation Of Green Technology: Housing authorities are increasingly adopting green technology to reduce energy consumption and costs. This includes the installation of solar panels, energy-efficient lighting, and smart thermostats.
  • Use Of Data Analytics: Housing authorities are using data analytics to improve their operations and services. This includes analyzing data on tenant needs, maintenance requests, and energy usage to optimize resource allocation and improve tenant satisfaction.
  • Implementation Of Resident Services: Housing authorities are providing more resident services to improve the quality of life for tenants. This includes offering job training, financial literacy classes, and health and wellness programs.
  • Use Of Public-Private Partnerships: Housing authorities are partnering with private companies to develop affordable housing projects. This allows for more funding and resources to be allocated to housing programs.
  • Implementation Of Mixed-Income Housing: Housing authorities are developing mixed-income housing projects to promote economic diversity and reduce segregation. This includes building affordable housing units alongside market-rate units.

NAICS Code 531311-06 - Housing Authorities

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