Federal aid for housing (21 - 30 of 32 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...
Multifamily Housing: HUD's Proposal to Restructure Its Portfolio
T-RCED-95-226: Published: Jun 13, 1995. Publicly Released: Jun 13, 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 properties and sets lower rents than required to maintain properties' physical condition; (2) HUD has proposed to replace project-based assistance with tenant-based assistance and restructure mortgages...
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...
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...
Homeownership: Loan Policy Changes Made to Strengthen FHA's Mortgage Insurance Program
RCED-91-61: Published: Mar 1, 1991. Publicly Released: Mar 13, 1991.
Pursuant to a congressional request, GAO reviewed policy changes to the Federal Housing Administration's (FHA) single-family mortgage insurance program, focusing on the: (1) effect of the changes on the FHA Mutual Mortgage Insurance Fund's cash position; and (2) House-Senate Conference Committee on Housing Legislation's attempts to enact housing legislation.GAO found that: (1) the Fund's cash posi...
Impact of FHA Loan Policy Changes on Financial Losses and Homebuyers
T-RCED-90-95: Published: Jul 10, 1990. Publicly Released: Jul 10, 1990.
GAO discussed the impact of proposed policy changes to the Federal Housing Administration's (FHA) Mutual Mortgage Insurance (MMI) Fund on the Fund's cash position. GAO found that: (1) raising the mortgage ceiling to 95 percent of a state's median house price would have the greatest positive effect on the Fund's cash balance; (2) raising the mortgage ceiling will also generate the most new business...
Mortgages Assigned to HUD Under Section 221(g)(4) of the National Housing Act
RCED-84-40: Published: Oct 24, 1983. Publicly Released: Oct 24, 1983.
Pursuant to a congressional request, GAO provided information on the potential long-term costs to the Department of Housing and Urban Development (HUD) of the provisions of section 221 of the National Housing Act.Legislation enacted in 1954 as part of section 221 of the act allows mortgagees holding mortgages insured under section 221 to assign them to HUD, if they are not delinquent and are at le...
Cost Effectiveness of Section 8 Partially Assisted Housing Projects
091948: Aug 21, 1980
No summary is currently available...
Ineligible Households in Assisted Housing Projects
113154: Aug 21, 1980
GAO undertook a review of the practice of some section 8 project owners who are leasing units, for which section 8 assistance is available, to market rate tenants rather than section 8 eligible households. Although leasing to such ineligible market rate households is permissible under the section 8 regulations, GAO believes the current policy and procedures relating to their inclusion in assisted...
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...