Community development (1 - 10 of 23 items)
Community Development Block Grants: Entitlement Communities' and States' Methods of Distributing Funds Reflect Program Flexibility
GAO-10-1011: Published: Sep 15, 2010. Publicly Released: Sep 15, 2010.
The Housing and Community Development Act of 1974 (act) creating the Community Development Block Grant (CDBG) program provides entitlement communities (metropolitan cities and urban counties) and states with significant discretion in how they distribute funds for eligible activities. Because of this discretion, entitlement communities may use a variety of processes to select individual projects an...
New Markets Tax Credit: Minority Entities Are Less Successful in Obtaining Awards Than Non-Minority Entities
GAO-09-795T: Published: Jun 18, 2009. Publicly Released: Jun 18, 2009.
The Community Development Financial Institutions (CDFI) Fund in the Department of the Treasury has awarded $21 billion of the $26 billion in New Markets Tax Credits (NMTC) authorized to be awarded to Community Development Entities (CDE) between 2001 and 2009. CDEs use the NMTC to make qualified investments in low-income communities. Recent congressional interest has focused on participation by min...
New Markets Tax Credit: Minority Entities Are Less Successful in Obtaining Awards Than Non-Minority Entitities
GAO-09-536: Published: Apr 30, 2009. Publicly Released: Jun 1, 2009.
The Community Development Financial Institutions (CDFI) Fund in the Department of the Treasury has awarded $19.5 billion of the $26 billion in New Markets Tax Credits (NMTC) it is authorized to award through 2009 to encourage investment in low-income communities. The NMTC allows investors to claim a tax credit in exchange for investing in Community Development Entities (CDE) that reinvest the fund...
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...
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...
Essential Air Service: Changes in Subsidy Levels, Air Carrier Costs, and Passenger Traffic
RCED-00-34: Published: Apr 14, 2000. Publicly Released: May 10, 2000.
Pursuant to a congressional request, GAO reviewed the Department of Transportation's (DOT) Essential Air Service (EAS) program, focusing on: (1) how DOT applied criteria to establish which communities would receive subsidized air service; (2) changes in the level of subsidies provided to EAS-eligible communities in fiscal year 1999 relative to that provided in 1995; (3) why the level of subsidies...
Community Development: A Survey of CDFI Organizations' Use of Performance Measurement
RCED-98-255: Published: Aug 25, 1998. Publicly Released: Aug 25, 1998.
Pursuant to a congressional request, GAO provided information on the general use of performance measurement by community development financial institutions (CDFI), focusing on the: (1) characteristics of the 623 CDFI organizations that responded to GAO's survey; and (2) extent to which they reported using performance measurement to assess their progress toward their goals.GAO noted that: (1) of th...
Community Development: CDFI Fund Can Improve Its Systems to Measure, Monitor, and Evaluate Awardees' Performance
RCED-98-225: Published: Jul 15, 1998. Publicly Released: Jul 15, 1998.
Pursuant to a legislative requirement, GAO reviewed the performance of the Community Development Financial Institutions (CDFI) Fund, focusing on: (1) the first round of awards in the CDFI and Bank Enterprise Award (BEA) programs and the strategic plan that the Fund developed under the Government Performance and Results Act of 1993; (2) the Fund's development of systems to measure, monitor, and eva...
Community Development: Early Results of the Community Development Financial Institutions Fund's Programs
T-RCED-98-198: Published: May 13, 1998. Publicly Released: May 13, 1998.
GAO discussed the results of its ongoing review of the administration of the Community Development Financial Institutions (CDFI) Fund, focusing on the first year's performance of the CDFI and the Bank Enterprise Award (BEA) programs and opportunities for improving their effectiveness.GAO noted that: (1) as of January 1998, the Fund had entered into assistance agreements with 26 of the 31 CDFIs tha...
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...