1. Short title This Act may be cited as the Averting Crises in Housing Assistance Act or the ACHA Act . 2. Oversight of failing properties Section 6 of the United States Housing Act of 1937 ( 42 U.S.C. 1437d ) is amended by adding at the end the following: (u) Oversight of failing properties (1) Definitions In this subsection: (A) Applicable public housing agency The term applicable public housing agency means a public housing agency that has a public housing inventory that includes a failing property. (B) Early intervention mechanism The term early intervention mechanism means the early intervention mechanism developed by the Secretary under paragraph (2)(A). (C) Failing property The term failing property means any facility— (i) with a uniform physical condition score that is less than 60; (ii) that has a failure that would disqualify the facility under the physical condition standards described in section 5.703 of title 24, Code of Federal Regulations, or any successor regulation; or (iii) for which not less than 25 percent of the residents of the facility or a resident advisory board established under section 5A(e) has submitted to Secretary a complaint described paragraph (2)(D). (D) Good condition The term good condition , with respect to a property in the public housing inventory of a public housing agency, means a condition that does not have any of the criteria described in clause (i), (ii), or (iii) of subparagraph (C). (E) Performance indicators The term performance indicators means the indicators described in subsection (j)(1). (2) Establishment of early intervention mechanism (A) In general Not later than 60 days after the date of enactment of this subsection, the Secretary shall establish an early intervention mechanism under which the Secretary shall— (i) identify properties in the public housing inventory of public housing agencies that are not in good condition