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Community Planning and Development, Department of Housing and Urban Development, Executive (91 - 100 of 758 items)
Government-Sponsored Enterprises: A Framework for Strengthening GSE Governance and Oversight
GAO-04-269T: Published: Feb 10, 2004. Publicly Released: Feb 10, 2004.
Congress established government sponsored enterprises (GSE)-- such as Fannie Mae, Freddie Mac, the FHLBank System, and the Farm Credit System--to facilitate the development of mortgage and agricultural lending in the United States. Although the federal government does not explicitly guarantee the GSEs' approximately $4.4 trillion in financial obligations, the potential exists that the government w...
Public Housing: HOPE VI Resident Issues and Changes in Neighborhoods Surrounding Grant Sites
GAO-04-109: Published: Nov 21, 2003. Publicly Released: Dec 22, 2003.
Congress established the HOPE VI program in 1992 to revitalize severely distressed public housing by demolition, rehabilitation, or replacement of sites. In fiscal years 1993-2001, the Department of Housing and Urban Development (HUD) awarded approximately $4.5 billion for 165 HOPE VI revitalization grants to public housing authorities (grantees). GAO was asked to examine (1) the types of housing...
Community and Economic Development Loans: Securitization Faces Significant Barriers
GAO-04-21: Published: Oct 17, 2003. Publicly Released: Oct 17, 2003.
Community economic development (CED) lenders serve the credit needs of nonconventional borrowers and economically distressed areas across the nation. However, little is known about this industry, its ability to tap private sources of capital, and loan performance and volume in the industry. To provide information that would be helpful in considering the role that the federal government might play...
Capacity Building: Section 4 Program Has Expanded and Evolved
GAO-03-975: Published: Sep 15, 2003. Publicly Released: Oct 15, 2003.
Congress recognized the importance of building the capacity of community development organizations by passing Section 4 of the HUD Demonstration Act of 1993. The act authorized the Department of Housing and Urban Development (HUD) to partner with several national nonprofit organizations that provide funding to these community groups for such things as training, staff salaries, office equipment and...
Highlights of a GAO Symposium: Addressing Key Challenges in an Intergovernmental Setting
GAO-03-365SP: Published: Mar 31, 2003. Publicly Released: Mar 31, 2003.
Responding to many of the nation's critical challenges--such as meeting the health care needs of the poor or countering terrorist threats--has been the joint responsibility of all levels of government. The effectiveness of federal programs has increasingly become dependent on state and local management and resources, as well as constructive interactions between federal, state, and local actors, in...
September 11: Small Business Assistance Provided in Lower Manhattan in Response to the Terrorist Attacks
GAO-03-88: Published: Nov 1, 2002. Publicly Released: Nov 1, 2002.
The attacks on the World Trade Center had a substantially negative impact on the New York City economy, severely affecting businesses. In the aftermath of the attacks, Congress, among other things, appropriated emergency supplemental funds to several federal agencies to aid and rebuild the affected areas. The Chairman of the House Committee on Small Business asked GAO to describe the assistance pr...
Public Housing Today, an E-supplement to GAO-02-282
GAO-02-1040SP: Published: Aug 27, 2002. Publicly Released: Aug 27, 2002.
This is a video presentation that accompanies an earlier report released by GAO. (See GAO-02-282) The Department of Housing and Urban Development (HUD) spends $7 billion annually to provide decent, safe, and sanitary housing for low-income households in about 14,000 rental properties nationwide. Yet, many public housing properties have been unsafe and unsanitary for several decades. To identify an...
Community Investment: Los Angeles's Use of a Community Development Block Grant Exemption
GAO-02-726R: Published: Jun 28, 2002. Publicly Released: Jun 28, 2002.
Under the Department of Housing and Urban Development's (HUD) Community Development Block Grant (CDBG) program, entitlement communities--also called grantees--receive funds that they can spend to support specific community development activities, such as rehabilitating housing, improving public facilities, and providing public services. Most grantees are prohibited by statute from spending more th...
OFHEO's Risk-Based Capital Stress Test: Incorporating New Business Is Not Advisable
GAO-02-521: Published: Jun 28, 2002. Publicly Released: Jun 28, 2002.
GAO reviewed whether the Office of Federal Housing Enterprise Oversight (OFHEO) should incorporate new business assumptions into the stress test used to establish risk-based capital requirements. The stress test is designed to estimate, for a 10-year period, how much capital the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) would be...
Flood Insurance: Extent of Noncompliance with Purchase Requirements Is Unknown
GAO-02-396: Published: Jun 21, 2002. Publicly Released: Jun 21, 2002.
The Federal Emergency Management Agency (FEMA) run National Flood Insurance Program (NFIP) has combined flood hazard mitigation efforts and insurance to protect homeowners against losses from floods. The program provides an incentive for communities to adopt floodplain management ordinances to mitigate the effect of flooding upon new or existing structures. Virtually all communities in the country...