Federal aid for housing (21 - 30 of 42 items)
Multifamily Housing: HUD's Mark-to-Market Proposal
T-RCED-95-230: Published: Jun 15, 1995. Publicly Released: Jun 15, 1995.
GAO discussed the Department of Housing and Urban Development's (HUD) proposal to restructure its multifamily housing portfolio. GAO noted that: (1) HUD pays higher costs than necessary to subsidize low-income properties and sets lower rents than required to maintain the properties' physical condition; (2) HUD has proposed to replace project-based assistance with tenant-based assistance and restru...
HUD Management: FHA's Multifamily Loan Loss Reserves and Default Prevention Efforts
RCED/AIMD-95-100: Published: Jun 5, 1995. Publicly Released: Jun 5, 1995.
Pursuant to a legislative requirement, GAO reviewed the adequacy of the loan loss reserves covering the Federal Housing Administration's (FHA) multifamily loan portfolio, focusing on the: (1) methodology FHA used to establish loan loss reserves for its fiscal year (FY) 1993 portfolio; (2) benefit of creating a new insurance fund for all new multifamily housing insurance commitments; and (3) Depart...
Housing and Community Development Products, 1992-94
RCED-95-61W: Published: May 1, 1995. Publicly Released: May 1, 1995.
GAO published an index of reports and testimonies issued from January 1992 through December 1994 and a brief summary of reports and testimonies relating to: (1) public and assisted housing; (2) mortgage financing and home ownership; (3) Department of Housing and Urban Development management; (4) homelessness; (5) community development; (6) disaster assistance; (7) small business; and (8) other rel...
Housing Finance: Implications of Alternative Methods of Adjusting the Conforming Loan Limit
RCED-95-6: Published: Oct 5, 1994. Publicly Released: Oct 5, 1994.
Pursuant to a legislative requirement, GAO reviewed the methodology that the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) uses to adjust the conforming loan limit, focusing on: (1) the effect of using alternative adjustment methods on the loan limit; (2) the implications of Fannie Mae's and Freddie Mac's decision to maintain the 1993 l...
Mortgage Financing: Financial Health of FHA's Home Mortgage Insurance Program Has Improved
T-RCED-94-255: Published: Jun 30, 1994. Publicly Released: Jun 30, 1994.
GAO discussed the actuarial soundness of the Federal Housing Administration's (FHA) Mutual Mortgage Insurance Fund. GAO noted that: (1) the fund's economic value has improved significantly in recent years and the fund is accumulating sufficient capital reserves to become actuarially sound; (2) the fund's economic net worth was $600 million at the end of fiscal year (FY) 1992 and $4.9 billion at th...
HUD: Mortgage Assignment Program
AIMD-94-123R: Published: May 31, 1994. Publicly Released: May 31, 1994.
GAO reviewed the information systems that support the Department of Housing and Urban Development's (HUD) Single Family Mortgage Assignment Program (MAP), focusing on whether the systems: (1) substantially support HUD application and loan servicing processes; and (2) contain sufficient data to measure program effectiveness. GAO noted that: (1) MAP information systems generally support the program'...
Housing Finance: Expanding Capital for Affordable Multifamily Housing
RCED-94-3: Published: Oct 27, 1993. Publicly Released: Oct 27, 1993.
Pursuant to a legislative requirement, GAO examined: (1) the problems that have led to the shortage of mortgage financing for affordable multifamily housing; (2) the factors limiting the expansion of multifamily housing financing; (3) alternative federal credit enhancements; and (4) ways to limit the federal government's exposure to risk in adopting specific credit enhancements.GAO found that: (1)...
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...
Mortgage Credit Enhancements: Options for FHA in Meeting the Need for Affordable Multifamily Housing
T-RCED-92-52: Published: Apr 3, 1992. Publicly Released: Apr 3, 1992.
GAO discussed legislative or administrative actions that could improve the availability of mortgage financing for affordable multifamily housing through credit enhancements. GAO noted that: (1) the Federal Housing Administration (FHA) has historically been the federal government's principal provider of credit enhancements, but its insuring of mortgages has declined sharply in recent years from a h...
Housing and Community Development Products 1990-91
RCED-92-111: Published: Mar 1, 1992. Publicly Released: Mar 1, 1992.
GAO presented an index of reports and testimonies it issued between January 1990 and December 1991 related to housing and community development issues.GAO presented a brief synopsis of reports and testimonies relating to: (1) homeownership assistance; (2) rental and public housing; (3) homelessness; (4) community development; (5) small and minority businesses; and (6) disaster assistance...