Economic development (11 - 20 of 40 items)
Public Housing: Management Issues Pertaining to the Buffalo Municipal Housing Authority
RCED-91-70: Published: Mar 1, 1991. Publicly Released: Mar 27, 1991.
Pursuant to a congressional request, GAO reviewed the Buffalo Municipal Housing Authority's (BMHA): (1) voluntary 3-year compliance agreement with the Department of Housing and Urban Development (HUD) and whether it could correct leasing practices that violated title VI of the Civil Rights Act of 1964; (2) reasons for its high vacancy rate; and (3) justification for its high number of employees.GA...
Housing for the Elderly: HUD Policy Decisions Delay Section 202 Construction Starts
RCED-91-4: Published: Jan 14, 1991. Publicly Released: Feb 13, 1991.
Pursuant to a congressional request, GAO reviewed the Department of Housing and Urban Development's (HUD) processing of section 202 projects for constructing rental housing for the elderly and handicapped, focusing on: (1) increases in project processing time; (2) the need for additional sponsor contributions to cover project development costs; (3) field offices' interpretation of cost-containment...
Rental Housing: Housing Vouchers Cost More Than Certificates but Offer Added Benefits
RCED-89-20: Published: Feb 16, 1989. Publicly Released: Mar 2, 1989.
Pursuant to a congressional request, GAO provided information on the: (1) costs of the Department of Housing and Urban Development's (HUD) section 8 existing certificate and housing voucher programs; and (2) adequacy of HUD fair-market rents and their impact on tenant rent burdens.GAO found that: (1) although the voucher and certificate programs had the similar goal of subsidizing private rental h...
Housing Programs: Funding Approach for HUD's Section 8 Certificate Program Needs Changing
RCED-88-136: Published: Apr 18, 1988. Publicly Released: Apr 19, 1988.
In response to a congressional request, GAO provided information on the adequacy of the Department of Housing and Urban Development's (HUD) funding approach for its Section 8 Existing Rental Assistance Certificate Program, focusing on: (1) the potential shortfall in program funds; (2) whether HUD adequately compensated state and local public housing agencies (PHA) for their costs; and (3) how PHA...
Rental Housing: HUD's Methods of Determining Fair Market Rents
RCED-86-209: Published: Aug 22, 1986. Publicly Released: Aug 26, 1986.
In response to a congressional request, GAO reviewed the Department of Housing and Urban Development's (HUD) method of determining fair market rents for its rental assistance program.GAO found that: (1) HUD establishes the base level of rent by using the census, the American Housing Survey, and the consumer price index; (2) because HUD recognizes that limitations exist in its data, its procedures...
Rural Housing: Opportunities To Reduce Costs and Better Target Assistance
RCED-86-33: Published: Feb 18, 1986. Publicly Released: Feb 18, 1986.
GAO discussed a variety of measures that the Farmers Home Administration's (FmHA) county offices could take to reduce housing costs and target more assistance to very low-income households and those occupying substandard housing.GAO found that: (1) FmHA county offices generally did not adopt cost reduction measures suggested in FmHA guidelines; (2) as of October 1, 1985, FmHA had not issued regula...
The Federal National Mortgage Association in a Changing Economic Environment
RCED-85-102A: Published: Jul 17, 1985. Publicly Released: Jul 17, 1985.
GAO convened a group of housing experts in a 1-day symposium to discuss the interest rate and credit risks that the Federal National Mortgage Association incurs, its contributions to moderating housing cycles, and its role in serving low- and moderate-income families. This report presents the papers given and views expressed at the symposium...
Changes in Rent Burdens and Housing Conditions of Lower Income Households
RCED-85-108: Published: Apr 23, 1985. Publicly Released: Apr 23, 1985.
In response to a congressional request, GAO reviewed data from the Annual Housing Survey (AHS) to determine the rent burdens and housing conditions of lower income households. Higher rent burdens result in households paying a greater percentage of their incomes for rent, leaving them a smaller percentage of their incomes for other expenditures.GAO found that, during the period from 1975 to 1983, t...
Improving the Process for Allocating Loan Management Set-Aside Funds to Multifamily Housing Projects
RCED-85-29: Published: Nov 16, 1984. Publicly Released: Nov 16, 1984.
The Loan Management Set-Aside (LMSA) Program is administered by the Department of Housing and Urban Development (HUD) to help maintain the financial viability of multifamily housing projects with cash-flow problems. The program is available to both insured and held projects. GAO reviewed the process used by HUD to allocate LMSA funds in fiscal years (FY) 1983 and 1984 and the basis used by HUD for...
Income Analysis of Farmers Home Administration Subsidized Rural Homebuyers in 1983
RCED-84-145: Published: Mar 26, 1984. Publicly Released: Apr 2, 1984.
In response to a congressional request, GAO analyzed the incomes of the rural households who purchased homes under the Farmers Home Administration (FmHA) home-ownership program in fiscal year 1983 to determine the effect that new targeting provisions and income limits enacted by Congress in 1983 would have had on the eligibility of those assisted in 1983.The FmHA program provides low interest rate...