Economic development (41 - 50 of 90 items)
Housing Issues: The Housing and Community Development Act of 1994
T-RCED-94-148: Published: Mar 10, 1994. Publicly Released: Mar 10, 1994.
GAO discussed the various impacts of H.R. 3838, the Housing and Community Development Act. GAO noted that: (1) the act could improve monitoring, foster community economic development, and decrease loan defaults by increasing the number of grants available; (2) the act would increase homelessness assistance funding and promote program consolidation; (3) although the act would further promote the me...
Community Development: Block Grant Economic Development Activities Reflect Local Priorities
RCED-94-108: Published: Feb 17, 1994. Publicly Released: Feb 17, 1994.
Pursuant to a legislative requirement, GAO reviewed the Department of Housing and Urban Development's (HUD) Community Development Block Grant (CDBG) program, focusing on: (1) how program funds are used for economic development activities; (2) the impediments to using program funds; (3) the proper use of program funds; (4) the types and quality of jobs resulting from the program; and (5) the perfor...
[Comments on Use of CDBG Funds to Match EDA Economic Adjustment Grant]
B-239907: Published: Jul 10, 1991. Publicly Released: Jul 10, 1991.
In response to a congressional request, GAO commented on the use of Community Development Block Grant (CDBG) funds to match an Economic Development Administration economic adjustment grant. GAO noted that the Department of Housing and Urban Development's attempt to apply CDBG program rules to Buffalo's economic adjustment grant caused an irreconcilable conflict which ultimately necessitated breaki...
Impact of FHA Loan Policy Changes on Financial Losses and Homebuyers
T-RCED-90-95: Published: Jul 10, 1990. Publicly Released: Jul 10, 1990.
GAO discussed the impact of proposed policy changes to the Federal Housing Administration's (FHA) Mutual Mortgage Insurance (MMI) Fund on the Fund's cash position. GAO found that: (1) raising the mortgage ceiling to 95 percent of a state's median house price would have the greatest positive effect on the Fund's cash balance; (2) raising the mortgage ceiling will also generate the most new business...
Urban Action Grants: Information on Resident and Business Relocation From Poletown Project
RCED-90-48FS: Published: Nov 27, 1989. Publicly Released: Nov 27, 1989.
Pursuant to a congressional request, GAO provided information on the Central Industrial Park Project to prepare a site for an automotive assembly plant in Detroit and Hamtramck, Michigan, focusing on: (1) demographic data on the project area, known as Poletown; and (2) federal funding of relocation efforts and the results of those efforts.GAO noted that: (1) prior to the project's commencement, th...
Urban Action Grants: An Analysis of Eligibility and Selection Criteria, and Program Results
RCED-89-143: Published: Jul 7, 1989. Publicly Released: Jul 7, 1989.
Pursuant to a legislative requirement, GAO evaluated the standards and criteria that the Department of Housing and Urban Development (HUD) used to measure the comparative degree of economic distress of urban areas and subsequently select projects for its Urban Development Action Grant program.GAO found that: (1) HUD based areas' grant eligibility on their meeting three or four of seven distress me...
Community Development: Distribution of Small Cities Funds by Pennsylvania
RCED-89-111: Published: May 3, 1989. Publicly Released: Jun 2, 1989.
In response to a congressional request, GAO reviewed the methodology: (1) Pennsylvania used to distribute Small Cities and Community Development Block Grant Program funds; and (2) the Department of Housing and Urban Development (HUD) and Pennsylvania used to develop low- and moderate-income population statistics.GAO found that: (1) Pennsylvania's methodology for estimating the percentage of low- a...
Urban Action Grants: Lansing, Michigan's Grant Requires Action
RCED-89-85: Published: Apr 11, 1989. Publicly Released: May 12, 1989.
Pursuant to a congressional request, GAO investigated a Lansing, Michigan, Urban Development Action Grant project, focusing on whether changes to the project's scope complied with the Department of Housing and Urban Development's (HUD) regulations and procedures.GAO found that: (1) HUD approved the $3.3-million grant for financing the purchase and installation of fixed capital equipment in a techn...
Urban Development Action Grants: Effects of the 1987 Amendments on Project Selection
RCED-89-64: Published: Jan 30, 1989. Publicly Released: Jan 30, 1989.
Pursuant to a legislative requirement, GAO analyzed the effect of 1987 legislative changes desined to ensure fairness in the allocation, distribution, and use of Urban Development Action Grant (UDAG) program funds, focusing on the: (1) distribution of funds among regions; (2) targeting of funds to cities and urban counties with high levels of economic distress; (3) number and types of projects tha...
HUD's Review of an Urban Development Action Grant to Wilmington, North Carolina
129392: Mar 20, 1986
GAO testified on the findings of its review of the Department of Housing and Urban Development's (HUD) Urban Development Action Grant (UDAG) award to Wilmington, North Carolina to purchase and renovate a crane manufacturing plant located in St. Paul, Minnesota. GAO reviewed HUD procedures in approving the grant to determine if the relocation had a significant adverse economic affect on the St. Pau...