Federal aid for housing (1 - 10 of 25 items)
Neighborhood Stabilization Program: HUD and Grantees Are Taking Actions to Ensure Program Compliance but Data on Program Outputs Could be Improved
GAO-11-48: Published: Dec 17, 2010. Publicly Released: Dec 17, 2010.
Congress created the Neighborhood Stabilization Program (NSP) to help reduce the number of foreclosed and abandoned properties and restore depressed local housing markets. The Housing and Economic Recovery Act of 2008 (HERA) authorized the program's first round (NSP 1), providing $3.92 billion in grant funds to states and local governments. The Department of Housing and Urban Development (HUD) adm...
The Housing Assistance Council's Use of Appropriated Funds
GAO-11-189R: Published: Dec 6, 2010. Publicly Released: Dec 6, 2010.
The Food, Conservation, and Energy Act of 2008 authorized appropriations of $10 million annually for the Housing Assistance Council (HAC) from fiscal years 2009 through 2011. Established in 1971, HAC is a nonprofit rural housing organization that aims to improve housing conditions for low-income rural residents, especially in high-need areas such as Indian country and Appalachia and among groups s...
Major Management Challenges and Program Risks: Department of Housing and Urban Development
GAO-03-103: Published: Jan 1, 2003. Publicly Released: Jan 1, 2003.
This report addresses the major management challenges and program risks facing the U.S. Department of Housing and Urban Development (HUD) as it works to carry out its multiple and highly diverse missions. The report discusses the actions that HUD has taken and that are under way to address the challenges GAO identified in its Performance and Accountability Series 2 years ago. Also, GAO summarizes...
Multifamily Housing: Improvements Needed in HUD's Oversight of Lenders That Underwrite FHA-Insured Loans
GAO-02-680: Published: Jul 19, 2002. Publicly Released: Aug 1, 2002.
Each year, the Federal Housing Administration (FHA) insures billions of dollars in multifamily housing mortgage loans to help construct, rehabilitate, purchase, and refinance apartments and health care facilities. However, the Department of Housing and Urban Development (HUD) lacks assurances that the lenders approved for the Multifamily Accelerated Processing (MAP) program always meet all of HUD'...
Credit Reform: HUD's Fiscal Year 2000 Credit Subsidy Budget Estimates Were Reasonable, But Could Have Been Improved
AIMD-00-60R: Published: Jan 14, 2000. Publicly Released: Jan 14, 2000.
GAO provided information on the Federal Housing Administration's credit subsidy budget estimates used to formulate the President's fiscal year (FY) 2000 budget to determine whether: (1) these estimates were reasonable; and (2) any changes need to be made to the credit subsidy estimation process to ensure that future budget estimates are reasonable.GAO noted that: (1) the estimates of loan program...
Housing and Urban Development: Comments on HUD's Fiscal Year 2000 Budget Request
T-RCED-99-104: Published: Mar 3, 1999. Publicly Released: Mar 3, 1999.
Pursuant to a congressional request, GAO discussed the Department of Housing Urban Development's (HUD) fiscal year (FY) 2000 budget request, focusing on: (1) new initiatives or significant increases proposed by HUD; and (2) observations about HUD's request for funding related to several areas GAO has reported on in the past year.GAO noted that: (1) to support 19 new programs and initiatives, HUD i...
Section 8 Housing Assistance: HUD to Recapture $439 Million of Excess Funding in the Moderate Rehabilitation Program
RCED-98-235: Published: Aug 25, 1998. Publicly Released: Aug 25, 1998.
Pursuant to a legislative requirement, GAO reviewed the Department of Housing and Urban Development's (HUD) financial management of the Section 8 rental assistance program, focusing on: (1) the amount of excess budget authority in the Section 8 Moderate Rehabilitation (MOD REHAB) Program and how HUD estimated this amount; (2) the accuracy of HUD's estimate; and (3) HUD's plans for recapturing this...
Federal Housing Enterprises: HUD's Implementation of Its Mission Oversight Needs to Be Strengthened
T-GGD-98-177: Published: Jul 30, 1998. Publicly Released: Jul 30, 1998.
Pursuant to a congressional request, GAO discussed the Department of Housing and Urban Development's (HUD) housing mission oversight of the two largest government-sponsored housing enterprises: the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).GAO noted that: (1) HUD adopted a generally conservative approach in 1995 to setting the f...
Federal Housing Enterprises: HUD's Mission Oversight Needs to Be Strengthened
GGD-98-173: Published: Jul 28, 1998. Publicly Released: Jul 28, 1998.
Pursuant to a congressional request, GAO assessed the Department of Housing and Urban Development's (HUD) overall housing mission oversight of the two largest government-sponsored enterprises, which are the Federal National Mortgage Association (Fannie Mae) and the Federal Home Mortgage Corporation (Freddie Mac), focusing on: (1) HUD's legal basis, approach, and rationale for setting the numeric h...
Section 8 Project-Based Rental Assistance: HUD's Processes for Evaluating and Using Unexpended Balances Are Ineffective
RCED-98-202: Published: Jul 22, 1998. Publicly Released: Jul 22, 1998.
Pursuant to a legislative requirement, GAO reviewed the Department of Housing and Urban Development's (HUD) systems for budgeting and accounting for Section 8 rental assistance funds, focusing on whether the systems ensure that unexpended Section 8 project-based funds do not reach unreasonable levels and that obligations are spent in a timely manner.GAO noted that: (1) as of September 30, 1997, HU...