Mortgage programs (31 - 40 of 54 items)
Rural Housing: FmHA's Home Loan Program Not Meeting the Needs of All Rural Residents
RCED-93-57: Published: Jun 14, 1993. Publicly Released: Jun 14, 1993.
Pursuant to a congressional request, GAO reviewed the Farmers Home Administration's (FmHA) rural single-family housing program, focusing on whether program funds are disproportionately concentrated in or around metropolitan statistical areas (MSA).GAO found that: (1) FmHA rural single-family home program funds were disproportionately concentrated in and around MSA and higher than needed or warrant...
Rural Rental Housing: Incentives Maintain Low-Income Housing but Clearer Guidance Needed
RCED-92-150: Published: Jun 23, 1992. Publicly Released: Jul 15, 1992.
Pursuant to a congressional request, GAO provided information on: (1) financial and other incentives offered by the Farmers Home Administration (FmHA) and their effect on preserving the FmHA rural rental housing inventory; (2) the types of incentives FmHA uses; and (3) the problems FmHA encounters in providing incentives.GAO found that: (1) 140 FmHA projects either received financial incentives or...
Pension Plans: Investments in Affordable Housing Possible With Government Assistance
HRD-92-55: Published: Jun 12, 1992. Publicly Released: Jun 12, 1992.
Pursuant to a congressional request, GAO reviewed how pension funds are used to help finance affordable housing for low-and moderate-income families, focusing on: (1) the features and common elements of 15 affordable housing arrangements financed by pension funds; and (2) the expected rates of return on such housing investments.GAO found that: (1) the nature and extent of pension fund involvement...
Tax Policy: Summary of GAO Work Related to Expiring Tax Provisions
T-GGD-92-11: Published: Jan 28, 1992. Publicly Released: Jan 28, 1992.
GAO discussed 5 of the 12 expiring tax provisions extended by the Tax Extension Act of 1991. GAO noted that: (1) of the 12 provisions, qualified mortgage revenue bonds (QMB), the targeted jobs tax credit, the low-income housing tax credit, the qualified research tax credit, and employer-provided educational assistance benefits account for 70 percent of the estimated foregone federal revenues in fi...
Rental Housing: Implementing the New Federal Incentives to Deter Prepayments of HUD Mortgages
PEMD-91-2: Published: Apr 30, 1991. Publicly Released: May 30, 1991.
Pursuant to a congressional request, GAO provided information about the likelihood that owners of low- and moderate-income rental housing stock will seek prepayments of mortgages insured under the National Housing Act.GAO found that: (1) the precise number of properties eligible for prepayment was uncertain, ranging from a low of 334,000 family units to a high of 367,000; (2) the four studies it r...
Rental Housing: Inefficiencies From Combining Moderate Rehabilitation and Tax Credit Subsidies
RCED-90-168: Published: Jun 19, 1990. Publicly Released: Jun 29, 1990.
Pursuant to a congressional request, GAO provided information on the financial implications of combining subsidies under the Department of Housing and Urban Development's (HUD) Moderate Rehabilitation Program and the Department of the Treasury's Low-Income Housing Tax Credit Program.GAO found that: (1) developers for the eight projects it reviewed realized cash proceeds that exceeded their costs f...
Housing Conference: National Housing Policy Issues
RCED-89-174: Published: Aug 1, 1989. Publicly Released: Aug 1, 1989.
GAO presented a transcript of the proceedings of a conference discussing: (1) low-income housing availability and affordability; (2) the growing homelessness problem; (3) home ownership assistance needs; and (4) the Department of Housing and Urban Development's (HUD) management of housing programs.GAO noted that conference speakers and panelists, representing Congress, HUD officials, and housing e...
Subsidized Housing: HUD Oversight of the Villa San Pedro Project
RCED-87-159BR: Published: Aug 20, 1987. Publicly Released: Sep 23, 1987.
Pursuant to a congressional request, GAO reviewed the Department of Housing and Urban Development's (HUD) oversight of a subsidized low- and moderate-income housing project, focusing on: (1) events related to the project; (2) actions HUD could take to remedy the project's problems; (3) whether HUD acted aggressively and effectively in response to the project's problems; and (4) HUD options for ens...
Potential Reduction in Federally Assisted Rental Housing From Expiring Section 8 Contracts and Mortgage Prepayment Restrictions
T-RCED-87-9: Published: Mar 26, 1987. Publicly Released: Mar 26, 1987.
GAO testified on two reports concerning possible reductions in the number of federally assisted rental housing units. GAO noted that expiring section 8 contracts and mortgage prepayments could reduce the inventory of privately owned, project-based housing units by more than 50 percent by fiscal year 2005; however, this inventory could expand as new units are added. GAO estimated the potential for...
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...