Housing (41 - 50 of 70 items)
Public Housing: Funding and Other Constraints Limit Housing Authorities' Ability to Comply with One-for-One Rule
RCED-95-78: Published: Mar 3, 1995. Publicly Released: Mar 21, 1995.
Pursuant to a congressional request, GAO reviewed public housing authorities' ability to comply with the one-for-one replacement rule, focusing on the: (1) housing authorities with the highest number of vacant units; (2) impact of the one-for-one replacement law on housing authorities' ability to deal with their unusable housing units; and (3) proposed waiver of the one-for-one rule.GAO found that...
Housing Finance: Implications of Alternative Methods of Adjusting the Conforming Loan Limit
RCED-95-6: Published: Oct 5, 1994. Publicly Released: Oct 5, 1994.
Pursuant to a legislative requirement, GAO reviewed the methodology that the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) uses to adjust the conforming loan limit, focusing on: (1) the effect of using alternative adjustment methods on the loan limit; (2) the implications of Fannie Mae's and Freddie Mac's decision to maintain the 1993 l...
Federally Assisted Housing: Condition of Some Properties Receiving Section 8 Project-Based Assistance Is Below Housing Quality Standards
T-RCED-94-273: Published: Jul 26, 1994. Publicly Released: Jul 26, 1994.
GAO discussed the Department of Housing and Urban Development's (HUD) section 8 project-based assisted housing programs, focusing on: (1) whether section 8 subsidized properties meet HUD housing quality standards; (2) whether HUD is effectively using its enforcement tools to ensure that the assisted properties are adequately maintained; and (3) actions HUD or Congress could take to resolve poorly...
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: Appropriations Made to Finance VA's Housing Program May Be Overestimated
RCED-93-173: Published: Sep 8, 1993. Publicly Released: Sep 20, 1993.
Pursuant to a congressional request, GAO provided information on the Department of Veterans Affairs' (VA) Home Loan Guaranty Program subsidy costs, focusing on the: (1) estimated costs of guaranteeing fiscal year (FY) 1992 and 1993 VA home mortgage loans; and (2) comparison between its estimates and estimates prepared by the administration.GAO found that: (1) the costs of the VA home loan program...
Supportive Housing: HUD Is Not Assessing the Needs of Elderly Residents
T-PEMD-92-12: Published: Aug 12, 1992. Publicly Released: Aug 12, 1992.
GAO discussed the Department of Housing and Urban Development's (HUD) efforts to provide supportive housing for the elderly, focusing on: (1) the methodologies HUD uses in assessing elderly need for section 202 housing; and (2) the need for modernization of section 202 buildings. GAO noted that: (1) HUD neither collects data nor has a methodology for assessing section 202 residents' supportive ser...
Rural Rental Housing: Excessive Profits and Program Abuses in Multifamily Housing
T-RCED-92-63: Published: May 13, 1992. Publicly Released: May 13, 1992.
GAO discussed the Farmers Home Administration's (FmHA) Rural Rental Housing Program, focusing on whether: (1) developers are receiving more federal financial assistance than needed to encourage construction of multifamily housing projects; and (2) fraud and abuse exists within FmHA multifamily housing programs. GAO noted that: (1) developers receive more federal financial assistance than needed to...
Rental Housing: Implementing the New Federal Incentives to Deter Prepayments of HUD Mortgages
PEMD-91-2: Published: Apr 30, 1991. Publicly Released: May 30, 1991.
Pursuant to a congressional request, GAO provided information about the likelihood that owners of low- and moderate-income rental housing stock will seek prepayments of mortgages insured under the National Housing Act.GAO found that: (1) the precise number of properties eligible for prepayment was uncertain, ranging from a low of 334,000 family units to a high of 367,000; (2) the four studies it r...
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...
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...