Federal aid for housing (51 - 60 of 62 items)
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...
Impact of Federal Tax Provisions on Resyndication of Federally Assisted Rental Housing
RCED-85-112: Published: Jul 10, 1985. Publicly Released: Jul 15, 1985.
Pursuant to a congressional request, GAO reviewed the impact of federal tax provisions on the resyndication of federally assisted, low-income rental housing property having a mortgage held or insured by the Department of Housing and Urban Development (HUD).GAO noted that as the insurer or holder of multifamily mortgages, HUD approves the resyndication of federally assisted properties to new groups...
The First Time Homebuyer Assistance Act of 1983
122339: Sep 13, 1983
GAO discussed the merits of S. 1598, the First Time Homebuyer Assistance Act of 1983, and suggested additional provisions. GAO believes that the bill, which would allow States and localities to substitute tax credits for mortgage revenue bonds, would improve the cost effectiveness of subsidies for first-time homebuyers and would reach more potential homebuyers. Further, tax credits could provide S...
HUD Compliance With Continuing Resolution Provision for Using the Full Amounts of Loan Guarantee Limitations
PAD-83-15: Published: Jan 21, 1983. Publicly Released: Jan 21, 1983.
In response to a congressional request, GAO monitored the Department of Housing and Urban Development's (HUD) compliance with a section of the third continuing resolution for fiscal year 1982 which provided that the heads of departments should enter into commitments to guarantee or insure the full amounts provided for in this joint resolution or other applicable law. In particular, GAO reviewed th...
Domestic Housing and Community Development Issues for Planning
CED-80-139: Published: Sep 24, 1980. Publicly Released: Sep 24, 1980.
Many serious housing and community development problems face the United States during the 1980's. The number of households will increase 19 percent during the 1980's, placing greater demand on the housing supply. Americans continue to migrate to the South and West, and increasingly to rural areas. Population redistribution is responsible for a wide range of present urban problems, such as the conc...
The College Housing Loan Program: More Effective Management Needed
CED-80-75: Published: Mar 26, 1980. Publicly Released: Apr 2, 1980.
GAO was requested to report on the Department of Housing and Urban Development's (HUD) administration of the college housing loan program. The program, authorized in the Housing Act of 1950 to assist educational institutions with low cost loans to provide student and faculty housing, was suspended in 1973; but severe localized shortages of student housing and a need to renovate buildings for energ...
What Was the Effect of the Emergency Housing Program on Single-Family Housing Construction?
CED-78-155: Published: Nov 21, 1978. Publicly Released: Nov 21, 1978.
The goal of the emergency housing program was to stabilize the housing market against cyclical downturns by increasing the supply of reasonably priced mortgage credit, thus increasing the demand for new homes.The emergency housing program for single-family homes has helped many to buy homes and has generated additional housing and jobs during a depressed period for the housing industry. However, m...
HUD Needs To Better Assess Financial Soundness of Multifamily Residential Projects Before Insuring Them
CED-78-70: Published: Mar 29, 1978. Publicly Released: Mar 29, 1978.
The Department of Housing and Urban Development (HUD) began insuring multifamily housing projects in 1938 and, in 1954, began implementing subsidized multifamily housing programs to enable low- and moderate-income families to improve their housing conditions.Recently HUD has incurred many financial losses due to mortgage defaults, foreclosures, and assignments on its multifamily loan insurance pro...
Implementation of Revised Section 235 Homeownership Program
CED-78-16: Published: Nov 23, 1977. Publicly Released: Nov 23, 1977.
An inquiry was conducted into the Department of Housing and Urban Development's (HUD) implementation of the revised section 235 homeownership program. Since its inception in January 1976, the program has helped only 9,459 homebuyers, and only $21.3 million of the total $264.1 million in contract authority has been reserved or obligated. The Department's initial goal was to spend the $264.1 million...