Community development (61 - 70 of 166 items)
Housing and Community Development Products, 1992-94
RCED-95-61W: Published: May 1, 1995. Publicly Released: May 1, 1995.
GAO published an index of reports and testimonies issued from January 1992 through December 1994 and a brief summary of reports and testimonies relating to: (1) public and assisted housing; (2) mortgage financing and home ownership; (3) Department of Housing and Urban Development management; (4) homelessness; (5) community development; (6) disaster assistance; (7) small business; and (8) other rel...
Housing and Urban Development: Major Management and Budget Issues
T-RCED-95-89: Published: Jan 24, 1995. Publicly Released: Jan 24, 1995.
GAO discussed the Department of Housing and Urban Development's (HUD) budget and management problems. GAO noted that: (1) HUD effectiveness is hampered by long-standing internal control weaknesses, an ineffective organizational structure, an insufficient mix of properly skilled staff, and inadequate information and financial management systems; (2) HUD has made slow progress in addressing its mana...
Rural Housing: Shift to Guaranteed Program Can Benefit Borrowers and Reduce Government's Exposure
RCED/AIMD-95-63: Published: Dec 21, 1994. Publicly Released: Jan 9, 1995.
Pursuant to a congressional request, GAO reviewed the: (1) Farmers Home Administration's (FmHA) single-family housing loan program, focusing on the merits of allowing borrowers to refinance their direct and guaranteed loans at lower interest rates.GAO found that: (1) as of September 30, 1994, the FmHA loan portfolio contained about 765,000 direct loans for single-family housing with an outstanding...
RTC Affordable Housing Open House
GGD-95-23R: Published: Oct 31, 1994. Publicly Released: Oct 31, 1994.
Pursuant to a congressional request, GAO provided information on the Resolution Trust Corporation's (RTC) Affordable Housing Disposition Program's (AHDP) open house held on May 11, 1993. GAO noted that: (1) the purpose of the open house was to highlight AHDP successes and provide information on single and multifamily property sales to new congressional members and staff, newly appointed federal ag...
Distressed Public Housing
AIMD-94-78R: Published: May 10, 1994. Publicly Released: May 10, 1994.
Pursuant to a legislative requirement, GAO reviewed the National Commission on Severely Distressed Public Housing's financial transactions. GAO noted that: (1) the Commission disbursed about $2 million for contracts, travel, payroll, and miscellaneous transactions during its existence; (2) although the Commission did not always adhere to proper administrative procedures, its disbursements appeared...
Multifamily Housing: Information on Projects Eligible for Preservation Assistance
RCED-94-177FS: Published: Apr 15, 1994. Publicly Released: Apr 15, 1994.
Pursuant to a congressional request, GAO provided information on the distribution and funding for the Department of Housing and Urban Development's (HUD) multifamily housing preservation program.GAO found that: (1) by 2021, 3,555 project owners will be eligible to participate in the preservation incentive program; (2) 95 percent of all low-income units will be eligible for prepayment by fiscal yea...
Housing Finance: Characteristics of Borrowers of FHA-Insured Mortgages
RCED-94-135BR: Published: Apr 6, 1994. Publicly Released: Apr 6, 1994.
Pursuant to a legislative requirement, GAO provided information on changes in the: (1) income, age, and race of borrowers of Federal Housing Administration (FHA)-insured mortgages; and (2) location of their homes.GAO found that: (1) 24 percent of FHA-insured mortgages originated in 1991 went to low-income families, and 41 percent of FHA-insured loans originated in 1991 went to moderate-income fami...
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...
Housing Finance: Expanding Capital for Affordable Multifamily Housing
RCED-94-3: Published: Oct 27, 1993. Publicly Released: Oct 27, 1993.
Pursuant to a legislative requirement, GAO examined: (1) the problems that have led to the shortage of mortgage financing for affordable multifamily housing; (2) the factors limiting the expansion of multifamily housing financing; (3) alternative federal credit enhancements; and (4) ways to limit the federal government's exposure to risk in adopting specific credit enhancements.GAO found that: (1)...
Homeownership: Actuarial Soundness of FHA's Single-Family Mortgage Insurance Program
T-RCED-93-64: Published: Jul 27, 1993. Publicly Released: Jul 27, 1993.
GAO discussed the actuarial soundness of the Mutual Mortgage Insurance Fund, which is administered by the Federal Housing Administration (FHA). GAO noted: (1) poor program management, waste, fraud, and abuse have contributed to the losses sustained by the fund; (2) the absence of internal controls over FHA single-family property disposition management systems has allowed private real estate agents...