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Sub-Indicator #1: Vacant Unit Turnaround Time I. Definition: This sub-indicator measures the annual average amount of time it takes a PHA to turn around its vacant units. II. Regulations: 24 CFR 902,
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Sub-indicator 1 vacant unit refers to the number of empty units in a property that are unoccupied and available for rent or sale.
Property owners or managers are required to file sub-indicator 1 vacant unit.
To fill out sub-indicator 1 vacant unit, property owners or managers must count the number of empty units that are available for rent or sale.
The purpose of sub-indicator 1 vacant unit is to track and monitor the vacancy rate in a property.
Property owners or managers must report the total number of vacant units and specify if they are available for rent or sale.
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