District Could Get More for Urban Renewal Property, but HUD Debt Will Be Repaid
GGD-82-32
Published: Mar 08, 1982. Publicly Released: Mar 10, 1982.
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Highlights
GAO was requested to examine selected aspects of the District of Columbia's urban renewal property disposition activity.
Recommendations
Recommendations for Executive Action
| Agency Affected | Recommendation | Status |
|---|---|---|
| District of Columbia | The Mayor of the District of Columbia should require the Redevelopment Land Agency to formalize and implement procedures for property disposition which provide for use of either sealed bids or public auction, within the parameters of the intended uses and restrictions applicable to the property, to determine what buyers are willing to pay. |
Closed – Not Implemented
The District plans no action because: (1) public auction would preclude competitive selection; (2) long-term return may be lower; and (3) it believes that it would be difficult to attract quality development proposals if factors other than land value were established as bidding prerequisites. The current deflated office space market makes competitive bidding a less attractive alternative.
|
| District of Columbia | The Mayor of the District of Columbia should require the Redevelopment Land Agency to formalize and implement procedures for property disposition which provide for criteria for developer selection. |
Closed – Implemented
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
|
| District of Columbia | The Mayor of the District of Columbia should require the Redevelopment Land Agency to formalize and implement procedures for property disposition which provide for orderly and complete property disposition files. |
Closed – Implemented
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
|
| District of Columbia | The Mayor of the District of Columbia should require the Redevelopment Land Agency to formalize and implement procedures for property disposition which provide for documentation of the process of selection and price determination. |
Closed – Implemented
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
|
| District of Columbia | The Mayor of the District of Columbia should require the Redevelopment Land Agency to formalize and implement procedures for property disposition which provide for a public record of the reasons a particular developer is selected. |
Closed – Implemented
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
|
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Topics
Community development programsProperty disposalReal estate salesUrban development programsUrban planningUrban renewalAppraisalsAudit reportsHousingProperty disposition