Housing programs (121 - 130 of 516 items)
Multifamily Housing: Physical and Financial Condition of Mark-to-Market At-Risk Properties
GAO-02-953: Published: Sep 6, 2002. Publicly Released: Sep 6, 2002.
In 1997, Congress established the mark-to-market program to help preserve the availability and affordability of low-income rental housing while also reducing the cost to the federal government of rental assistance provided to low-income households. The mark-to-market program was developed for multifamily properties that are both insured by the Federal Housing Administration (FHA) in the Department...
Native American Housing: VA Could Address Some Barriers to Participation in Direct Loan Program
GAO-02-654: Published: Aug 23, 2002. Publicly Released: Aug 23, 2002.
Several federal programs have been developed to provide homeownership opportunities for Native Americans because private institutions have rarely supplied conventional home loans to Native Americans on trust lands. In 1992, Congress directed the Department of Veterans Affairs (VA) to create the Native American Veterans Direct Home Loan Program to assist veterans in purchasing, constructing and imp...
HUD Management: HUD's High-Risk Program Areas and Management Challenges
GAO-02-869T: Published: Jul 24, 2002. Publicly Released: Jul 24, 2002.
This testimony discusses the high-risk program areas and management challenges at the Department of Housing and Urban Development (HUD). For many years, management and oversight weaknesses have made its programs vulnerable to fraud, waste, abuse, and mismanagement. The current administration has placed improving HUD's management among its highest priorities and wants to remove the high-risk design...
Military Housing: Management Improvements Needed As the Pace of Privatization Quickens
GAO-02-624: Published: Jun 21, 2002. Publicly Released: Jun 21, 2002.
The Department of Defense (DOD) estimates that 168,000 military family housing units are inadequate, lack modern amenities, and are in need of major renovation and replacement. According to DOD, completing this work using traditional military construction methods would take more than 20 years and cost $16 billion. To improve housing faster and more economically, Congress authorized the Military Ho...
Multifamily Rural Housing: Prepayment Potential and Long-Term Rehabilitation Needs for Section 515 Properties
GAO-02-397: Published: May 10, 2002. Publicly Released: Jun 11, 2002.
Nearly 450,000 elderly and other households depend on federal assistance to live in multifamily rural rental properties that were constructed with subsidized federal loans. Because the properties were built in areas when and where privately financed housing units, affordable by lower income households, were not considered economically feasible, the U.S. Department of Agriculture's Rural Housing Se...
Public Housing: HUD and Public Housing Agencies' Experiences with Fiscal Year 2000 Plan Requirements
GAO-02-572: Published: May 31, 2002. Publicly Released: May 31, 2002.
The Quality Housing and Work Responsibility Act of 1998 was designed to improve the quality of public housing and the lives of its residents. Since fiscal year 2000, housing agencies managing low-rent or tenant-based Section 8 units have been required to develop and submit five-year and annual plans. As of January 2002, 98 percent of public housing agency plans for fiscal year 2000 had been submit...
Single-Family Housing: Opportunities to Improve Federal Foreclosure and Property Sale Processes
GAO-02-305: Published: Apr 17, 2002. Publicly Released: May 17, 2002.
Federal programs in the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), and the Rural Housing Service (RHS) promote mortgage financing for low-income, first-time, minority, veteran, and rural home buyers. Congress has also chartered private corporations--Fannie Mae and Freddie Mac--to provide mortgage lending and to promote homeownership opportunities. Many homeowner...
Homelessness: Improving Program Coordination and Client Access to Programs
GAO-02-485T: Published: Mar 6, 2002. Publicly Released: Mar 6, 2002.
Many people are homeless for only a short time and get back on their feet with minimal assistance, but others are chronically homeless and need intensive and ongoing assistance. Fifty federal programs exist to help the homeless with housing. Sixteen of these are targeted exclusively to the homeless, and the others are mainstream programs. Targeted programs were funded at $1.7 billion in fiscal yea...
Multifamily Housing Finance: Funding FHA's Subsidized Credit Programs
GAO-02-323R: Published: Feb 1, 2002. Publicly Released: Mar 4, 2002.
To help build and rehabilitate multifamily rental housing, the Federal Housing Administration (FHA) provides lenders with mortgage insurance, or guarantees, for multifamily loans. In fiscal year 2001, FHA provided guarantees for all multifamily projects--regardless of program--on a first-come, first-served basis until the total budget authority for the multifamily programs was exhausted. FHA had o...
Federal Housing Assistance: Comparing the Characteristics and Costs of Housing Programs
GAO-02-76: Published: Jan 31, 2002. Publicly Released: Jan 31, 2002.
For more than 60 years, the federal government has sought to improve the condition and reduce the cost of rental housing for poor Americans. In fiscal year 1999, 5.2 million low-income households received $28.7 billion in federal housing assistance through more than a dozen programs. Despite this assistance, the Department of Housing and Urban Development (HUD) estimates that 9 million other very-...