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Community Planning and Development (81 - 90 of 757 items)
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...
Alaska Native Villages: Recent Federal Assistance Exceeded $3 Billion, with Most Provided to Regional Nonprofits
GAO-05-719: Published: Aug 2, 2005. Publicly Released: Aug 2, 2005.
This report responds to section 112, Division B, of the Consolidated Appropriations Act of 2004, which directs GAO to review federal programs benefiting rural communities in Alaska. After discussions with congressional staff, GAO agreed to examine federal programs benefiting Alaska Native villages. Specifically, this report (1) provides information on the amount of federal assistance provided to A...
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...
Indian Economic Development: Relationship to EDA Grants and Self-determination Contracting Is Mixed
GAO-04-847: Published: Sep 8, 2004. Publicly Released: Sep 8, 2004.
American Indians and Alaska Natives generally face worse economic conditions than the rest of the U.S. population. The Economic Development Administration (EDA) within the Department of Commerce provides grants to distressed communities, including to American Indian tribes and Alaska Native entities, to generate employment and stimulate economic growth. Because data on how these EDA grants helped...
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...
Community Development: Federal Revitalization Programs Are Being Implemented, but Data on the Use of Tax Benefits Are Limited
GAO-04-306: Published: Mar 5, 2004. Publicly Released: Mar 5, 2004.
Congress established the Empowerment Zone and Enterprise Community (EZ/EC) program in 1993 and the Renewal Community (RC) program in 2000 to provide assistance to the nation's distressed communities. To date, Congress has authorized three rounds of EZs, two rounds of ECs, and one round of RCs. The Community Renewal Tax Relief Act of 2000 mandated that GAO audit and report in 2004, 2007, and 2010 o...
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...