Commonly referred to as utilization, is an objective review to determine the portion of a real property asset in use. It is independent of the status of an asset or space assignment. It is a measure of how an asset or facility is being used in relation to its capacity. Designations levels such as over-utilized, fully-utilized, under-utilized, and not-utilized are used to identify an asset’s utilization.
a. Unutilized property means an entire property or portion thereof, with or without improvements, not occupied for current program purposes for the accountable executive agency or occupied in caretaker status only. (41 CFR § 102-75.1160; accord 45 CFR § 12a.1; 24 CFR § 581.1.)
b. Underutilized means an entire property or portion thereof, with or without improvements, which is used only at irregular periods or intermittently by the accountable landholding agency for current program purposes of that agency, or which is used for current program purposes that can be satisfied with only a portion of the property. (41 CFR § 102-75.1160; accord 45 CFR § 12a.1; 24 CFR § 581.1.)
c. Utilized means anything that is not defined as “unutilized” or “underutilized.”
Per the McKinney –Vento Homeless Assistance Act of 1987 (Pub. L. 100-77, July 22, 1987, 101 Stat.482, 42 U.S. Code §11301 et.seq. [FMR 41 CFR §§102-75.1160 through 102-75.1290], Federal agencies are required to report to HUD information concerning their unutilized, underutilized, excess, and surplus properties.