Banking (21 - 30 of 31 items)
Public Housing: Management Issues Pertaining to the Buffalo Municipal Housing Authority
RCED-91-70: Published: Mar 1, 1991. Publicly Released: Mar 27, 1991.
Pursuant to a congressional request, GAO reviewed the Buffalo Municipal Housing Authority's (BMHA): (1) voluntary 3-year compliance agreement with the Department of Housing and Urban Development (HUD) and whether it could correct leasing practices that violated title VI of the Civil Rights Act of 1964; (2) reasons for its high vacancy rate; and (3) justification for its high number of employees.GA...
Federal Housing Administration: Monitoring of Single Family Mortgages Needs Improvement
RCED-91-11: Published: Feb 7, 1991. Publicly Released: Feb 7, 1991.
GAO reviewed the Federal Housing Administration's (FHA) Section 203(b) mortgage insurance program for single family homes, focusing on how FHA field offices monitored the processing and approval of program participant applications.GAO found that: (1) because FHA lacked a comprehensive description of monitoring program activities, GAO identified and reviewed 25 monitoring activities which FHA used...
Internal Controls: Weaknesses in HUD's Single Family Housing Appraisal Program
RCED-87-165: Published: Sep 30, 1987. Publicly Released: Sep 30, 1987.
GAO analyzed the Department of Housing and Urban Development's (HUD) efforts to correct weaknesses in its single-family housing appraisal program.GAO found that HUD: (1) selected appraisals for review without a systematic, statistical sample; (2) did not meet the requirements of its present review program; and (3) used fee appraisers to perform field reviews of other appraisers' work, despite indi...
Rural Rental Housing: Cost Information on FmHA's Section 515 Program and Other Housing Options
RCED-87-96: Published: Aug 18, 1987. Publicly Released: Aug 18, 1987.
In response to a congressional request, GAO reviewed the Farmers Home Administration (FmHA) section 515 rural rental housing program to: (1) identify whom the program serves and where it provides housing; (2) assess ways to reduce program costs; (3) compare program costs with costs of other federal housing subsidy options; and (4) identify state programs that provide housing assistance in rural ar...
Rural Housing: Opportunities To Reduce Costs and Better Target Assistance
RCED-86-33: Published: Feb 18, 1986. Publicly Released: Feb 18, 1986.
GAO discussed a variety of measures that the Farmers Home Administration's (FmHA) county offices could take to reduce housing costs and target more assistance to very low-income households and those occupying substandard housing.GAO found that: (1) FmHA county offices generally did not adopt cost reduction measures suggested in FmHA guidelines; (2) as of October 1, 1985, FmHA had not issued regula...
Improving the Process for Allocating Loan Management Set-Aside Funds to Multifamily Housing Projects
RCED-85-29: Published: Nov 16, 1984. Publicly Released: Nov 16, 1984.
The Loan Management Set-Aside (LMSA) Program is administered by the Department of Housing and Urban Development (HUD) to help maintain the financial viability of multifamily housing projects with cash-flow problems. The program is available to both insured and held projects. GAO reviewed the process used by HUD to allocate LMSA funds in fiscal years (FY) 1983 and 1984 and the basis used by HUD for...
Improving Controls Over Rent and Management Fees at Multifamily Housing Projects
RCED-84-118: Published: Apr 11, 1984. Publicly Released: Apr 11, 1984.
Pursuant to a congressional request, GAO evaluated the Department of Housing and Urban Development's (HUD) procedures for controlling rents and management fees at multifamily housing projects.As part of its oversight role in housing programs, HUD reviews and approves rent and management fee increases for multifamily rental housing projects. GAO found that inadequate controls resulted in excessive...
Duplicative and Unnecessary Renovations Made in the HUD-Subsidized Concord Commons Apartments in Rockford, IL
CED-82-67: Published: Apr 15, 1982. Publicly Released: Apr 26, 1982.
In response to a congressional request, GAO discussed duplicative and unnecessary repairs approved by the Department of Housing and Urban Development (HUD) at an apartment complex in Rockford, Illinois.Although HUD spent about $1 million to renovate more than half of the apartments at the complex during 1978 and 1979, all of the apartments are being renovated again by the Rockford Housing Developm...
Ways of Providing a Fairer Share of Federal Housing Support to Rural Areas
CED-80-1: Published: Mar 28, 1980. Publicly Released: Mar 28, 1980.
GAO evaluated the accomplishments and shortcomings of Federal housing programs in rural America, particularly in the past 10 years. Areas of special concern included the geographic distribution of housing assistance, gaps in program benefits, and ways to improve the programs' effectiveness in providing opportunities for rural families to obtain decent homes. Eighteen counties in six States were se...
Collection of Credit Report Fees by the Farmers Home Administration
CED-77-134: Published: Oct 7, 1977. Publicly Released: Oct 7, 1977.
The Farmers Home Administration's rural housing loan program was reviewed to determine whether it was economical and efficient. The agency has joined other governmental agencies in obtaining credit reports from credit-reporting companies which are under contract with The Department of Housing and Urban Development. The Farmers Home Administration's regulations list the credit bureaus to be used, t...