Rent subsidies (61 - 70 of 73 items)
Elderly Housing: Successes/Problems in Implementing HUD's Cost Containment Requirements
RCED-86-55BR: Published: Dec 4, 1985. Publicly Released: Jan 2, 1986.
In response to a congressional request, GAO reviewed the Department of Housing and Urban Development's (HUD) Section 202 Elderly Housing Program to determine: (1) the extent to which HUD cost control efforts were working; (2) additional opportunities for reducing program costs; and (3) who is benefiting from the program.GAO found that: (1) projects built under the cost containment program had smal...
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...
Improving Controls Over Rent and Management Fees at Multifamily Housing Projects
RCED-84-118: Published: Apr 11, 1984. Publicly Released: Apr 11, 1984.
Pursuant to a congressional request, GAO evaluated the Department of Housing and Urban Development's (HUD) procedures for controlling rents and management fees at multifamily housing projects.As part of its oversight role in housing programs, HUD reviews and approves rent and management fee increases for multifamily rental housing projects. GAO found that inadequate controls resulted in excessive...
Savings Possible Through Recognition of Favorable Financing and Tax Abatements in Contract Rents
106278: Jun 27, 1978
Under the new construction and substantial rehabilitation portion of the section 8 lower-income rental program, rents must be approved individually for each proposed unit based on rents for comparable units in the area. Appropriate reductions in contract rents (total rents payable to the owner including the portion payable by the family) may be made where a project proposal is expected to benefit...
Views on S. 2171
B-206888: Published: Apr 13, 1982. Publicly Released: Apr 13, 1982.
Legislation has been proposed which would stimulate the development and rehabilitation of affordable multifamily rental housing. The purpose of the bill is to: (1) increase the Nation's stock of rental and cooperative housing; and (2) reduce housing costs by encouraging the construction and rehabilitation of multifamily rental housing projects and cooperative housing projects for families and indi...
Evaluation of Alternatives for Financing Low and Moderate Income Rental Housing
PAD-80-13: Published: Sep 30, 1980. Publicly Released: Sep 30, 1980.
Over the past 10 years, financing of Government-subsidized housing has changed from the more traditional and well-understood financing methods to more unusual combinations of the basic building blocks of the older programs. The new mechanisms, created to overcome the problems of older programs, have resulted in higher costs and some new problems. New and old alternatives for financing subsidized m...
Section 8 Subsidized Housing--Some Observations on Its High Rents, Costs, and Inequities
CED-80-59: Published: Jun 6, 1980. Publicly Released: Jun 6, 1980.
The Department of Housing and Urban Development's (HUD) Lower Income Rental Assistance Program, also known as the Section 8 Program, is the major federal program for providing the poor with funds or other means to compete for existing housing in the neighborhoods of their choice. Under the Program, HUD makes assistance payments for annual contribution contracts to public housing agencies authorize...
HUD Should Improve Its Management of Acquired, Formerly Subsidized Multifamily Projects
CED-80-31: Published: Dec 19, 1979. Publicly Released: Jan 2, 1980.
The Department of Housing and Urban Development (HUD) has changed the way it charges rent at, and sells, its inventory of formerly subsidized multifamily housing projects. It charges lower income tenants no more than 25 percent of their income for rent in HUD-owned projects. It then provides rental assistance after the projects are sold. The changes have resulted in substantial additional costs to...
Rental Housing: A National Problem That Needs Immediate Attention
CED-80-11: Published: Nov 8, 1979. Publicly Released: Nov 8, 1979.
Although about 35 percent of American families live in rental housing, they are faced today with the Nation's lowest recorded rental housing vacancy rate and are finding it increasingly difficult to locate affordable rental units. The Department of Housing and Urban Development is the principal Federal agency responsible for administering programs designed to encourage the production or maintenanc...
Early Sales of Section 8 Housing
PAD-79-43: Published: Jan 16, 1979. Publicly Released: Jan 16, 1979.
GAO studied alternative financing mechanisms for subsidized housing production. The alternatives being analyzed include the more traditional Federal Housing Administration (FHA) multifamily insurance programs, state housing financial agencies, and others which utilize private ownership. The policies and procedures governing section 8, which subsidized the bulk of housing assistance were examined....