Economic development (41 - 50 of 65 items)
Urban Homesteading: A Good Program Needing Improvement
CED-80-3: Published: Nov 13, 1979. Publicly Released: Nov 13, 1979.
Because of interest by Congress, local governments, the news media, and others, a review was made of the Department of Housing and Urban Development's homesteading program. The program transfers abandoned houses in deteriorating neighborhoods that it has acquired through foreclosure to the communities. The communities, in turn, give them to individuals who must repair them and live in them for 3 y...
Evaluation of Agency Comments on GAO's Letter Report to Congressman Harsha
CED-79-76: Published: Apr 25, 1979. Publicly Released: Apr 25, 1979.
In January 1979, GAO issued a report reviewing processing of the application for the Oakwood apartments, near Milford, Ohio, an assisted housing project under the Department of Housing and Urban Development (HUD). HUD did not agree with two of the four GAO recommendations, and stated that the intent of a third recommendation was unclear. GAO still believes that the changes are needed, and that HUD...
Review of Selected Contracts Awarded by the Cincinnati Service Office, Department of Housing and Urban Development
CED-79-67: Published: Apr 12, 1979. Publicly Released: Apr 12, 1979.
GAO has been conducting an ongoing review of the management and disposition of multifamily housing projects owned by the Department of Housing and Urban Development (HUD). During this review, three contracts awarded by the Cincinnati Service Office for grasscutting, interior painting, and floor tiling were identified as warranting the immediate attention of the Secretary, HUD. For these contracts,...
HUD Processing of Department-Assisted Housing Project in Milford, Ohio
CED-79-7: Published: Jan 10, 1979. Publicly Released: Jan 10, 1979.
Oakwood Apartments in Milford, Ohio is a housing project subsidized by the Department of Housing and Urban Development. The project will receive rental and mortgage assistance for low income persons. GAO was requested to determine whether the local government was properly notified of the proposed project and whether the project must be located in a designated area, which was of concern to the loca...
Review of Recent Policy Changes in Managing and Disposing of HUD-Owned Multifamily Housing Projects
107432: Sep 26, 1978
Since May 1977, the Department of Housing and Urban Development (HUD) has changed its management and disposition policies for HUD-owned formerly subsidized multifamily properties to provide that: (1) tenants residing in HUD-owned properties pay not more than 25 percent of their income for rent and utilities; (2) the properties be rehabilitated before disposition; and (3) the properties not be sold...
Review of the Financial Statements of the Federal Housing Administration
105959: May 16, 1978
A report issued on April 28, 1978, on the Federal Housing Administration's financial statements did not contain an opinion on the reasonableness of the balances. Subsequent to issuance of the report, a task force was established to study accounting problems and find solutions. GAO worked with the task force to help correct deficiencies and to review the adequacy of its corrections. GAO provided a...
Social Research and Experimentation
106195: May 15, 1978
A 1978 report, "An Assessment of the Department of Housingand Urban Development's Experimental Housing Allowance Program (EHAP)," recognized that carefully designed and operated social experiments offer useful techniques for gaining information necessary to make informed decisions on major public policy issues. The report cautioned, however, that social research and development is in its early sta...
Elimination of the Rent Credit Feature of the Section 8 Existing Housing Program
CED-78-117: Published: May 10, 1978. Publicly Released: May 10, 1978.
The Department of Housing and Urban Development (HUD) recently completed a nationwide study of the Section 8 Housing Assistance Program and is now considering the rent reduction incentive feature of the program. This feature was established to encourage participating families to find housing units at the lowest possible rent and to reduce federal subsidies by offering a reduction in the family's c...
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...
Construction Problems at HUD-Insured Housing Projects
CED-78-39: Published: Feb 14, 1978. Publicly Released: Feb 14, 1978.
Previous reports have identified construction problems at Department of Housing and Urban Development (HUD)-insured housing projects in Rhode Island. In addition, the HUD Inspector General noted similar problems in the areas served by the Department's Philadelphia, San Antonio, Boston, and Albany Offices. HUD should take immediate steps to ascertain whether the problems and deficiencies noted are...