Housing (61 - 70 of 115 items)
Home Ownership: Limiting Mortgage Assistance Provided to Owners With High-Income Growth
RCED-90-117: Published: Sep 26, 1990. Publicly Released: Sep 26, 1990.
Pursuant to a legislative requirement, GAO provided information on provisions for qualified mortgage bond and mortgage credit certificate assistance, focusing on the recapture mechanism.GAO found that: (1) many assisted owners will use a higher recapture rate than the interest-rate reduction they received when computing their recapture amount, since most assisted owners had a mortgage interest red...
Rental Housing: Housing Vouchers Cost More Than Certificates but Offer Added Benefits
RCED-89-20: Published: Feb 16, 1989. Publicly Released: Mar 2, 1989.
Pursuant to a congressional request, GAO provided information on the: (1) costs of the Department of Housing and Urban Development's (HUD) section 8 existing certificate and housing voucher programs; and (2) adequacy of HUD fair-market rents and their impact on tenant rent burdens.GAO found that: (1) although the voucher and certificate programs had the similar goal of subsidizing private rental h...
Tax Policy: Preliminary Data on Tax-Exempt Bonds Used to Finance Housing for the Elderly
GGD-89-7: Published: Oct 14, 1988. Publicly Released: Oct 14, 1988.
In response to a congressional request, GAO provided data on tax-exempt bonds issued to finance housing for the elderly.GAO found that: (1) private organizations that provide housing for elderly or low-income individuals can apply to the Internal Revenue Service (IRS) for tax-exempt status under section 501(c)(3) of the Internal Revenue Code (IRC); and (2) although 501(c)(3) organizations cannot i...
Public Housing: Problems Continue To Plague the Cuyahoga Metropolitan Housing Authority
RCED-88-122: Published: Apr 20, 1988. Publicly Released: Jun 14, 1988.
In response to a congressional request, GAO reviewed the Cuyahoga Metropolitan Housing Authority's (CMHA) operations, focusing on: (1) previously identified CMHA problems; (2) its controls over the expenditure of federal housing funds; and (3) problems in its administration of the Department of Housing and Urban Development's (HUD) Section 8 Moderate Rehabilitation Program.GAO analyzed eight repor...
Army Housing: Programming of Housing in Europe Exceeds Requirements
NSIAD-88-63: Published: May 18, 1988. Publicly Released: May 18, 1988.
GAO reviewed the Army's: (1) planned housing projects for families and unaccompanied personnel in Europe; and (2) 5-year acquisition plan for installations with projects included in the fiscal year 1987 budget.GAO found that the: (1) Army overstated its housing requirements in Europe because its surveys contained inaccurate information on the Army's long-term personnel strength, marriage factor co...
Housing Programs: Funding Approach for HUD's Section 8 Certificate Program Needs Changing
RCED-88-136: Published: Apr 18, 1988. Publicly Released: Apr 19, 1988.
In response to a congressional request, GAO provided information on the adequacy of the Department of Housing and Urban Development's (HUD) funding approach for its Section 8 Existing Rental Assistance Certificate Program, focusing on: (1) the potential shortfall in program funds; (2) whether HUD adequately compensated state and local public housing agencies (PHA) for their costs; and (3) how PHA...
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...
Internal Controls: Indian Housing Controls Improved But Need Strengthening
RCED-87-148: Published: Aug 5, 1987. Publicly Released: Aug 5, 1987.
GAO reviewed the Bureau of Indian Affairs' (BIA) actions to correct weaknesses in its Housing Improvement Program (HIP), which provides grants to Indian families living in substandard or inadequate housing to: (1) make repairs; (2) make down payments for home purchases; and (3) finance construction of new homes.GAO noted that, in response to the Department of the Interior Inspector General's recom...
Rural Housing: Impact of Refinancing and Selling FmHA Section 502 Homeownership Loans
RCED-87-54: Published: Mar 31, 1987. Publicly Released: Mar 31, 1987.
GAO reported on the Department of Agriculture (USDA) Farmers Home Administration's (FmHA) plan to sell rural homeownership loans, and compared the impact on revenues of selling or refinancing the loans.The Omnibus Budget Reconciliation Act of 1986 requires the Secretary of Agriculture to sell loans to the public to reduce fiscal year 1987 federal outlays by over $1.7 billion. GAO noted that the Ho...