Housing (21 - 30 of 68 items)
Housing Finance: Improving the Federal Home Loan Bank System's Affordable Housing Program
RCED-95-82: Published: Jun 9, 1995. Publicly Released: Jun 9, 1995.
Pursuant to a legislative requirement, GAO reviewed the Federal Home Loan (FHL) Bank System's implementation of the Affordable Housing Program (AHP), focusing on: (1) how the program's funds have been used to support affordable housing initiatives; (2) how the program has been administered; and (3) what opportunities exist for program improvement.GAO found that: (1) the FHL Bank System provided ne...
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...
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...
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)...
Lead-Based Paint Poisoning: Children Not Fully Protected When Federal Agencies Sell Homes to Public
RCED-93-38: Published: Apr 5, 1993. Publicly Released: May 7, 1993.
Pursuant to a congressional request, GAO reviewed whether the Departments of Housing and Urban Development (HUD) and Veterans Affairs (VA) and the Farmers Home Administration (FmHA) have complied with the Lead-Based Paint Poisoning Prevention Act.GAO found that: (1) HUD regulations for federally-owned properties are limited in identifying and eliminating lead-based paint poisoning hazards; (2) HUD...
Resolution Trust Corporation: More Actions Needed to Improve Single-Family Affordable Housing Program
GGD-92-136: Published: Sep 29, 1992. Publicly Released: Sep 29, 1992.
GAO reviewed: (1) the Resolution Trust Corporation's (RTC) progress in selling single-family houses under its Affordable Housing Disposition Program; and (2) whether RTC controls are adequate to ensure that qualified purchasers buy and occupy the homes.GAO found that: (1) RTC lacks a consistent verification program to ensure that it sells homes only to eligible buyers; (2) the lack of complete, re...
Housing for the Elderly: HUD Policy Decisions Delay Section 202 Construction Starts
RCED-91-4: Published: Jan 14, 1991. Publicly Released: Feb 13, 1991.
Pursuant to a congressional request, GAO reviewed the Department of Housing and Urban Development's (HUD) processing of section 202 projects for constructing rental housing for the elderly and handicapped, focusing on: (1) increases in project processing time; (2) the need for additional sponsor contributions to cover project development costs; (3) field offices' interpretation of cost-containment...
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...
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...
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...