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Community Planning and Development, Department of Housing and Urban Development, Executive (31 - 40 of 581 items)
Leveraging Federal Funds for Housing, Community, and Economic Development
GAO-07-768R: Published: May 25, 2007. Publicly Released: Jun 25, 2007.
Each year the federal government funds numerous affordable housing and community and economic development initiatives through an array of programs, such as the Department of Housing and Urban Development's (HUD) Section 108 Loan Guarantee (Section 108) program. Yet, the need for federal money to fund these initiatives has continued to grow, while the federal budget increasingly has been strained b...
High Risk Series: An Update
GAO-07-310: Published: Jan 31, 2007. Publicly Released: Jan 31, 2007.
GAO's audits and evaluations identify federal programs and operations that, in some cases, are high risk due to their greater vulnerabilities to fraud, waste, abuse, and mismanagement. In recent years, GAO also has identified high-risk areas to focus on the need for broad-based transformations to address major economy, efficiency, or effectiveness challenges. Since 1990, GAO has periodically repor...
Eminent Domain: Information about Its Uses and Effect on Property Owners and Communities Is Limited
GAO-07-28: Published: Nov 30, 2006. Publicly Released: Nov 30, 2006.
In the Transportation, Treasury, Housing and Urban Development, the Judiciary, the District of Columbia, and Independent Agencies Appropriations Act, 2006, Congress mandated that GAO conduct a nationwide study on the use of eminent domain by state and local governments. This report provides information on (1) the purposes for and extent to which eminent domain can be and has been used; (2) the pro...
Empowerment Zone and Enterprise Community Program: Improvements Occurred in Communities, but the Effect of the Program Is Unclear
GAO-06-727: Published: Sep 22, 2006. Publicly Released: Sep 22, 2006.
The Empowerment Zone/Enterprise Community (EZ/EC) program is one of the most recent large-scale federal effort intended to revitalize impoverished urban and rural communities. There have been three rounds of EZs and two rounds of ECs, all of which are scheduled to end no later than December 2009. The Community Renewal Tax Relief Act of 2000 mandated that GAO audit and report in 2004, 2007, and 201...
Community Development Block Grants: Program Offers Recipients Flexibility but Oversight Can Be Improved
GAO-06-732: Published: Jul 28, 2006. Publicly Released: Aug 28, 2006.
The Community Development Block Grant (CDBG) program provides funding for housing, economic development, and other community development activities. In fiscal year 2006, Congress appropriated about $4.2 billion for the program. Administered by the Department of Housing and Urban Development (HUD), the CDBG program provides funding to metropolitan cities and urban counties, known as entitlement com...
Rental Housing Programs: Excluding Servicemembers' Housing Allowances from Income Determinations Would Increase Eligibility, but Other Factors May Limit Program Use
GAO-06-784: Published: Jul 31, 2006. Publicly Released: Jul 31, 2006.
Although the Department of Defense (DOD) pays active-duty servicemembers who do not live in military housing a Basic Allowance for Housing (BAH) to help them afford private market residences, expected growth at some military installations has raised concerns about whether nearby communities will have enough affordable rental housing for incoming personnel. In response to a congressional mandate, G...
HUD Homeownership Programs: Data Limitations Constrain Assessment of the American Dream Downpayment Initiative
GAO-06-677: Published: Jun 30, 2006. Publicly Released: Jun 30, 2006.
While at an all-time high level, homeownership remains out of reach for many Americans, especially low-income families and minorities. In 2003, Pub. L. No. 108-186 created the American Dream Downpayment Initiative (ADDI) to help low-income, first-time homebuyers cover the up-front costs of buying a home (up to the greater of $10,000 or 6 percent of the purchase price) and authorized funding throug...
Housing Government-Sponsored Enterprises: A New Oversight Structure Is Needed
GAO-05-576T: Published: Apr 21, 2005. Publicly Released: Apr 21, 2005.
Serious concerns exist regarding the risk management practices and the federal oversight of the housing government-sponsored enterprises (GSE)--Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System (FHLBank System), which had combined obligations of $4.6 trillion as of year-end 2003. In 2003, Freddie Mac disclosed significant accounting irregularities. In 2004, the Office of Federal Housi...
Elderly Housing: Federal Housing Programs That Offer Assistance for the Elderly
GAO-05-174: Published: Feb 14, 2005. Publicly Released: Mar 16, 2005.
According to the 2003 American Housing Survey sponsored by the U.S. Department of Housing and Urban Development (HUD), nearly one-third of elderly households--those whose head was age 62 or older--were experiencing housing affordability problems. Further, a congressional commission reported in 2002 that investment in affordable housing is decreasing, although the elderly population is expected to...
Home Inspections: Many Buyers Benefit from Inspections, but Mandating Their Use Is Questionable
GAO-04-462: Published: Apr 30, 2004. Publicly Released: Jun 1, 2004.
In the 1990s, the Department of Housing and Urban Development's (HUD) Federal Housing Administration (FHA) dealt with a series of instances where buyers had not been notified of serious problems revealed by their appraisals. This led to several reforms, some of which allegedly may have caused some buyers to forgo home inspections, confusing that service with appraisals. Advocates of mandating home...