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Housing (81 - 90 of 1,247 items)
Moving to Work Demonstration: Opportunities Exist to Improve Information and Monitoring
GAO-12-490: Published: Apr 19, 2012. Publicly Released: May 21, 2012.
Public housing agencies (PHA) that participate in the Moving to Work (MTW) program report annually on the performance of their activities, which include efforts to reduce administrative costs and encourage residents to work. But this performance information varies, and the Department of Housing and Urban Developments (HUD) guidance does not specify that it be quantifiable and outcome oriente...
Management Report: Opportunities for Improvement in the Federal Housing Finance Agency's Internal Controls
GAO-12-499R: Published: May 16, 2012. Publicly Released: May 16, 2012.
During our audit of FHFAs fiscal years 2011 and 2010 financial statements, we identified one internal control issue and a continuing issue related to information systems controls that could adversely affect FHFAs ability to meet its internal control objectives. We do not consider these issues to represent material weaknesses or significant deficiencies in relation to FHFAs financ...
HUD Has Identified Performance Measures for Its Block Grant Programs, but Information on Impact Is Limited
GAO-12-575R: Published: May 15, 2012. Publicly Released: May 15, 2012.
Information on the overall effectiveness (or impact) of the CDBG and HOME programs is limited. According to HUD officials, the agency has faced challenges in evaluating the impact of CDBG and HOME because, among other things, such an evaluation would have to compare neighborhoods that received program assistance with those that did not. Our previous work has also identified the difficulties of eva...
Homelessness: Fragmentation and Overlap in Programs Highlight the Need to Identify, Assess, and Reduce Inefficiencies
GAO-12-491: Published: May 10, 2012. Publicly Released: May 10, 2012.
Homelessness programs are fragmented across multiple agencies and some show evidence of overlap. In fiscal year 2010, eight federal agencies obligated roughly $2.8 billion to administer 26 homelessness programs. Three agenciesthe Departments of Health and Human Services (HHS), Housing and Urban Development (HUD), and Veterans Affairs (VA)are responsible for the majority of programs and...
Housing Choice Vouchers: Options Exist to Increase Program Efficiencies
GAO-12-300: Published: Mar 19, 2012. Publicly Released: Apr 18, 2012.
Several factorsincluding rising rents, declining household incomes, and decisions to expand the number of assisted householdswere key drivers of the approximately 29 percent increase (before inflation) in housing agencies expenditures for the voucher program between 2003 and 2010. Congress and HUD have taken steps to limit cost increases while maintaining assistance for existing...
HUD Information Technology: More Work Remains to Implement Necessary Management Controls
GAO-12-580T: Published: Mar 29, 2012. Publicly Released: Mar 29, 2012.
HUD has made progress in implementing prior GAO recommendations on modernizing its IT environment; however more actions are needed. In 2009, GAO reported that HUD lacked key IT management controls; which are essential to achieving successful outcomes. Specifically,Although the department had established an IT strategic plan that outlined goals and performance measures, it had not assessed its perf...
Mortgage Financing: FHA and Ginnie Mae Face Risk-Management Challenges
GAO-12-578T: Published: Mar 29, 2012. Publicly Released: Mar 29, 2012.
For the third consecutive year, the Department of Housing and Urban Developments (HUD) Federal Housing Administration (FHA) reported that the capital ratio for the Mutual Mortgage Insurance Fundthe ratio of the funds economic value to insurance obligationshas not met the 2 percent statutory minimum. FHA cites declines in the funds economic value due to higher-than-exp...
Financial Audit: Federal Housing Finance Agency's Fiscal Years 2011 and 2010 Financial Statements [Reissued on January 26, 2012]
GAO-12-161: Published: Nov 15, 2011. Publicly Released: Nov 15, 2011.
In GAO’s opinion, FHFA’s fiscal years 2011 and 2010 financial statements are fairly presented in all material respects. GAO also concluded that FHFA had effective internal control over financial reporting as of September 30, 2011. GAO found no reportable instances of noncompliance with the laws and regulations it tested.FHFA's fiscal year 2011 financial statements include costs for the FHFA Of...
Homeless Women Veterans: Actions Needed to Ensure Safe and Appropriate Housing
GAO-12-182: Published: Dec 23, 2011. Publicly Released: Jan 23, 2012.
Limited VA data show the number of women veterans it has identified as homeless more than doubled, from 1,380 in fiscal year 2006 to 3,328 in fiscal year 2010. Although these data are not generalizable to the overall population of homeless women veterans, we identified some characteristics of these women. For example, almost two-thirds were between 40 and 59 years old and over one-third had disabi...
Real Estate Appraisals: Appraisal Subcommittee Needs to Improve Monitoring Procedures
GAO-12-147: Published: Jan 18, 2012. Publicly Released: Jan 18, 2012.
The Appraisal Subcommittee (ASC) has been performing its monitoring role under Title XI, but several weaknesses have potentially limited its effectiveness. For example, Title XI did not originally provide ASC rulemaking and enforcement tools that could be useful in promoting state compliance. In addition, ASC has not reported or clearly defined the criteria it uses to assess states’ overall comp...