Low income housing (81 - 90 of 116 items)
Issues Pertaining to the Management of the Buffalo Municipal Housing Authority
T-RCED-90-87: Published: Jun 9, 1990. Publicly Released: Jun 9, 1990.
GAO discussed concerns regarding the management of the Buffalo Municipal Housing Authority, including the: (1) effectiveness of a recently signed agreement between the Authority and the Department of Housing and Urban Development (HUD) to improve the racial balance of public housing developments; (2) reasons for the Authority's high vacancy rates; and (3) need for the current number of Authority e...
Low-Income Housing Tax Credit Utilization and Syndication
T-RCED-90-73: Published: Apr 27, 1990. Publicly Released: Apr 27, 1990.
GAO discussed low-income housing tax credit utilization and syndication. GAO found that: (1) tax credits are intended to induce investors to supply equity for low-income housing; (2) tax credit use increased from 20 percent in 1987 to 98 percent in 1989; (3) by the end of 1989, about $565 million worth of initial-year credits were awarded for the development of 236,000 low-income housing units; (4...
Potential Losses From the Rental Housing Inventory: Soundness of Current Estimates
T-PEMD-90-8: Published: Feb 28, 1990. Publicly Released: Feb 28, 1990.
GAO discussed its efforts to measure potential losses in federally subsidized units from low- and moderate-income rental housing. GAO noted that: (1) the actual effect of prepayments on the properties or tenants involved was unknown; (2) estimated probable losses were low and based on expected maximum losses; (3) prepayments could cause the loss of about 367,000 units from the housing inventory; (...
Use of Housing Subsidies
T-RCED-90-34: Published: Feb 27, 1990. Publicly Released: Feb 27, 1990.
GAO discussed the Department of Housing and Urban Development's (HUD) Section 8 Moderate Rehabilitation Program, focusing on: (1) its analysis of one project; and (2) the financial ramifications and the associated impact on low-income families of using the program and tax credits. GAO noted that: (1) the developer used subsidies under the program and tax credits to generate substantial cash flows;...
Public Housing: Planned Kenilworth-Parkside Sale Raises Issues for Future Transactions
RCED-90-26: Published: Dec 1, 1989. Publicly Released: Dec 6, 1989.
GAO reviewed the District of Columbia's pending sale of the Kenilworth-Parkside public housing property to the Kenilworth-Parkside Resident Management Corporation, focusing on: (1) its plan to initiate resident management corporation (RMC) sales of individual units to tenants; (2) capital-producing approaches RMC could pursue after attaining ownership; and (3) the potential effects of RMC financia...
Improving the Efficiency of Federal Housing Subsidies
T-RCED-89-72: Published: Sep 29, 1989. Publicly Released: Sep 29, 1989.
GAO discussed S. 980, a bill which would improve the effectiveness of the low-income housing tax credit. GAO found that: (1) the lack of centralized review of the financial assistance awarded to individual housing projects allowed developers to realize cash proceeds greater than their costs for acquiring and rehabilitating the projects; (2) the Moderate Rehabilitation and Tax Credit Programs were...
Project Developer Cash Flows Under HUD's Section 8 Moderate Rehabilitation Program
T-RCED-89-58: Published: Aug 2, 1989. Publicly Released: Aug 2, 1989.
GAO discussed the Department of Housing and Urban Development's (HUD) Section 8 Moderate Rehabilitation Program, focusing on why developers were willing to pay substantial consultant fees to win projects. GAO found that: (1) developers received substantial funds above their acquisition costs to rehabilitate low-income housing projects; (2) combining proceeds from the sales of income tax credits wi...
Housing Conference: National Housing Policy Issues
RCED-89-174: Published: Aug 1, 1989. Publicly Released: Aug 1, 1989.
GAO presented a transcript of the proceedings of a conference discussing: (1) low-income housing availability and affordability; (2) the growing homelessness problem; (3) home ownership assistance needs; and (4) the Department of Housing and Urban Development's (HUD) management of housing programs.GAO noted that conference speakers and panelists, representing Congress, HUD officials, and housing e...
138538: Jan 1, 1989
This article, which appeared in the GAO Journal, No. 5, Spring 1989, describes new initiatives by public and private partnerships to meet the U.S. need for low-income housing. State, local, and federal changes in tax incentives have helped community development corporations and nonprofit housing organizations to create more affordable housing and a new housing delivery system through new financing...
The Crisis in Affordable Housing
138536: Jan 1, 1989
This article, which appeared in the GAO Journal, No. 5, Spring 1989, discusses the increase of homelessness in the United States as well as the decline in the amount of affordable housing. While the Homeless Assistance Act is providing some short-term, crisis-oriented assistance, collaborative, long-term, and more extensive approaches are necessary to address the problems leading to an increasing...