Housing programs (91 - 100 of 516 items)
Public Housing: Information on the Roles of HUD, Public Housing Agencies, Capital Markets, and Service Organizations
GAO-06-419T: Published: Feb 15, 2006. Publicly Released: Feb 15, 2006.
Under the Public Housing Program, the Department of Housing and Urban Development (HUD) and local public housing agencies (PHA) provide housing for low-income residents at rents they can afford. Today, over 3,000 PHAs administer approximately 1.2 million public housing units throughout the nation. First authorized in 1937, the program has undergone changes over the decades. The Quality Housing and...
Project-Based Rental Assistance: HUD Should Streamline Its Processes to Ensure Timely Housing Assistance Payments
GAO-06-57: Published: Nov 15, 2005. Publicly Released: Dec 15, 2005.
The Department of Housing and Urban Development (HUD) provides subsidies, known as housing assistance payments, under contracts with privately owned, multifamily projects so that they are affordable to low-income households. Project owners have expressed concern that HUD has chronically made late housing assistance payments in recent years, potentially compromising owners'ability to pay operating...
Public Housing: Distressed Conditions in Developments for the Elderly and Persons with Disabilities and Strategies Used for Improvement
GAO-06-163: Published: Dec 9, 2005. Publicly Released: Dec 9, 2005.
In 2003, Congress reauthorized HOPE VI, a program administered by the Department of Housing and Urban Development (HUD) and designed to improve the nation's worst public housing. In doing so, Congress required GAO to report on the extent of severely distressed public housing for the elderly and non-elderly persons with disabilities. "Severely distressed" is described in the statute as developments...
Survey of Public Housing Agencies on Housing for the Elderly and Non-Elderly Persons with Disabilities, an E-supplement to GAO-06-163
GAO-06-205SP: Published: Dec 9, 2005. Publicly Released: Dec 9, 2005.
This document presents the results of GAO's survey of public housing agencies that manage developments that house primarily the elderly and non-elderly persons with disabilities. The purpose of the survey was to (1) collect data on physical and social characteristics that constitute aspects of "severe distress," (2) verify HUD data from the PIC and REAC databases, and (3) collect data about ways i...
Mortgage Financing: FHA's $7 Billion Reestimate Reflects Higher Claims and Changing Loan and Performance Estimates
GAO-05-875: Published: Sep 2, 2005. Publicly Released: Oct 4, 2005.
The U.S. Department of Housing and Urban Development (HUD), through its Federal Housing Administration (FHA), provides insurance for private lenders against losses on home mortgages. FHA's largest insurance program is the Mutual Mortgage Insurance Fund (Fund), which currently is self-financed and operates at a profit. FHA submitted a "reestimate" of $7 billion for the credit subsidy and interest f...
HUD Rental Assistance: Progress and Challenges in Measuring and Reducing Improper Rent Subsidies
GAO-05-1027T: Published: Sep 27, 2005. Publicly Released: Sep 27, 2005.
In fiscal year 2003, the Department of Housing and Urban Development (HUD) paid about $28 billion to help some 5 million low-income tenants afford decent rental housing. HUD has three major programs: the Housing Choice Voucher (voucher) and public housing programs, administered by public housing agencies, and project-based Section 8, administered by private property owners. As they are every year,...
Federal Housing Administration: Managing Risks from a New Zero Down Payment Product
GAO-05-857T: Published: Jun 30, 2005. Publicly Released: Jun 30, 2005.
To assist Congress in considering legislation to authorize the Secretary of the Department of Housing and Urban Development (HUD) to carry out a pilot program to insure zero down payment mortgages, this testimony provides information about practices mortgage institutions use in designing and implementing low and no down payment products. It also contains information about how these practices could...
Elderly Housing: Federal Housing Programs and Supportive Services
GAO-05-795T: Published: Jun 16, 2005. Publicly Released: Jun 16, 2005.
According to a congressionally established bipartisan commission, decreased investment in affordable housing and an elderly population that is projected to grow from about 12 percent of the population in 2002 to 20 percent by 2030 are likely to increase the number of elderly who must spend large portions of their incomes on housing. Moreover, according to this commission, more than one-third of th...
Rental Housing: HUD Can Improve Its Process for Estimating Fair Market Rents
GAO-05-342: Published: Mar 31, 2005. Publicly Released: May 2, 2005.
The Department of Housing and Urban Development (HUD) annually estimates fair market rents (FMR) for standard quality rental units throughout the United States. Among other uses, FMRs help determine subsidies for almost 2 million low-income families in the nation's largest rental assistance program. However, concerns exist that FMRs can be inaccurate--often, too low, preventing program participant...
Housing Government-Sponsored Enterprises: A New Oversight Structure Is Needed
GAO-05-576T: Published: Apr 21, 2005. Publicly Released: Apr 21, 2005.
Serious concerns exist regarding the risk management practices and the federal oversight of the housing government-sponsored enterprises (GSE)--Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System (FHLBank System), which had combined obligations of $4.6 trillion as of year-end 2003. In 2003, Freddie Mac disclosed significant accounting irregularities. In 2004, the Office of Federal Housi...