Real Estate

HUD caps exec pay at public housing agencies

In light of the high compensation received by public housing authorites, the U.S. Department of Housing and Urban Development aims to cap housing agency salary at $155,000.

The new caps are now in place for the 2012 fiscal year.

Renee Glover, executive director of the Atlanta Housing Authority, received a compensation package of $644,214 in 2010, making her the highest paid official and putting her at the forefront of scrutiny.

Glover defends her salary, stating that her professional record “speaks for itself.”

Along with Glover’s pay, the Obama administration noted the $606,320 compensation for the top official at the Los Angeles housing agency, $417,688 at Philadelphia’s agency and $357,635 for the agency in Chelsea, Mass., after reviewing a national compensation survey.

Read the original article here.

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