Economic development (31 - 40 of 58 items)
Role of Qualified Mortgage Bonds in Providing Home Ownership Opportunities
T-RCED-88-31: Published: Mar 28, 1988. Publicly Released: Mar 28, 1988.
GAO discussed whether Congress should extend the issuance authority for qualified mortgage bonds, which provide fixed-rate loans at below-market interest rates to assist first-time home buyers. GAO noted that: (1) bond financing provided only limited home ownership opportunities and made only a marginal difference in mortgage affordability; (2) most assisted buyers probably could have qualified fo...
Public Housing: Consolidated Supply Contracts for Commercial Trash Compactors
RCED-87-158: Published: Jul 23, 1987. Publicly Released: Aug 25, 1987.
In response to a congressional request, GAO reviewed the Department of Housing and Urban Development's (HUD) award of consolidated supply contracts for commercial trash compactors for public housing agencies.GAO found that: (1) the contractors furnished compactors that did not meet HUD specification requirements; (2) HUD did not investigate allegations of noncompliance with its specification requi...
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...
Department of Housing and Urban Development's Proposed Field Office Reorganization
121489: May 26, 1983
GAO presented its views on the Department of Housing and Urban Development's (HUD) proposed field reorganization. HUD announced its plans to reorganize its field structure in a Federal Register notice as required by law. The notice included a cost-benefit analysis showing an estimated $30.8 million net savings over 2 years and an explanation as to why HUD believes that the reorganization will have...
Impact of the Proposed Consolidation of HUD Field Offices in the Dallas and Fort Worth, TX, Area
RCED-83-155: Published: May 19, 1983. Publicly Released: May 19, 1983.
In response to a congressional request, GAO studied the proposed consolidation of the Department of Housing and Urban Development's (HUD) Dallas Area Office and Fort Worth Regional and Service Office into one office located at Fort Worth.The study showed that a $1.5 million potential cost savings projection, which was developed by the HUD Fort Worth regional staff, included personnel savings that...
The Federal Housing Administration Needs Clearer Criteria for Underwriting Single-Family Mortgages Insurance
CED-78-59: Published: Mar 13, 1978. Publicly Released: Dec 3, 1982.
The single-family home underwriting practices of the Federal Housing Administration (FHA) in the New York area office were reviewed. In three Brooklyn neighborhoods, the volume of approvals and disapprovals for single-family mortgage insurance from May 1, 1976, to April 30, 1977, were determined, and the FHA underwriting criteria were identified.In the designated neighborhoods, FHA personnel: reje...
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...
More Can Be Done To Measure HUD's Success in Using Millions of Dollars for Rehabilitating Housing
CED-81-98: Published: Jul 14, 1981. Publicly Released: Jul 14, 1981.
GAO examined the current status of actions taken by the Department of Housing and Urban Development (HUD) on recommendations GAO made to the agency in a previous report. In this report, GAO estimated that $150 million of a total $200 million in grants was directly granted to property owners to cover their rehabilitation costs in fiscal year 1980. By combining grant assistance to homeowners for hou...
Analysis of HUD Efforts To Alleviate Housing Abandonment
CED-81-130: Published: Jun 25, 1981. Publicly Released: Jul 13, 1981.
GAO analyzed responses to a congressional inquiry concerning housing abandonment and the Department of Housing and Urban Development's (HUD) efforts to alleviate the problem. The questions and the HUD response focused on the following subject areas: (1) strategies for alleviating housing abandonment, (2) laws and regulations which impede solutions to the abandonment problem, (3) impact of HUD prog...