Housing (81 - 90 of 182 items)
Housing Finance: Options to Help Prevent Suspensions of FHA and RHS Loan Guarantee Programs
GAO-05-227: Published: Mar 15, 2005. Publicly Released: Apr 14, 2005.
In fiscal year 2004, the Department of Housing and Urban Development's Federal Housing Administration (FHA) and the Department of Agriculture's Rural Housing Service (RHS) guaranteed approximately $136 billion in mortgages for single-family homes, multifamily rental housing, and healthcare facilities under a variety of programs. In past years, both agencies have occasionally had to suspend the iss...
HUD Rental Assistance: Progress and Challenges in Measuring and Reducing Improper Rent Subsidies
GAO-05-224: Published: Feb 18, 2005. Publicly Released: Mar 21, 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 in every ye...
Mortgage Financing: Actions Needed to Help FHA Manage Risks from New Mortgage Loan Products
GAO-05-194: Published: Feb 11, 2005. Publicly Released: Mar 14, 2005.
The U.S. Department of Housing and Urban Development (HUD), through its Federal Housing Administration (FHA), insures billions of dollars in home mortgage loans made by private lenders. FHA insures low down payment loans and a number of parties have made proposals to either eliminate or otherwise change FHA's borrower contribution requirements. GAO was asked to (1) identify the key characteristics...
Fair Housing: Opportunities to Improve HUD's Oversight and Management of the Enforcement Process
GAO-04-463: Published: Apr 21, 2004. Publicly Released: May 6, 2004.
Discrimination in housing on the basis of race, sex, family status, and other grounds is illegal in the United States. Each year, the Department of Housing and Urban Development's Office of Fair Housing and Equal Opportunity (FHEO) and related agencies carry out enforcement activities for several thousand complaints of housing discrimination. The timeliness and effectiveness of the enforcement pro...
Single-Family Housing: Cost, Benefit, and Compliance Issues Raise Questions about HUD's Discount Sales Program
GAO-04-208: Published: Jan 30, 2004. Publicly Released: Jan 30, 2004.
In 2001, the Department of Housing and Urban Development's (HUD) Inspector General reported on serious problems in HUD's Discount Sales Program, under which nonprofit organizations purchase HUD-owned properties at a discount, rehabilitate them, and resell them to low- and moderate-income homebuyers. The objectives of the program are to expand affordable housing opportunities, help revitalize neigh...
Elderly Housing: Project Funding and Other Factors Delay Assistance to Needy Households
GAO-03-512: Published: May 30, 2003. Publicly Released: Jun 17, 2003.
According to the Department of Housing and Urban Development (HUD), the most widespread and urgent housing problem facing elderly households is affordability. About 3.3 million elderly renter households in the United States have very low incomes (50 percent or less of median area income). The Section 202 Supportive Housing for the Elderly Program provides capital advances (grants) to nonprofit org...
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...
Public Housing: HOPE VI Leveraging Has Increased, but HUD Has Not Met Annual Reporting Requirement
GAO-03-91: Published: Nov 15, 2002. Publicly Released: Dec 3, 2002.
The Department of Housing and Urban Development (HUD) requested that we review the HOPE VI program. Because of the scope of the request, we agreed with the office of the Chairman, Senate Subcommittee on Housing and Transportation, Committee on Banking, Housing, and Urban Affairs, to provide the information in a series of reports. This first report focuses on the financing of HOPE VI developments....
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...
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...