Economic Development:

HUD's Modernization Allocation

RCED-92-259R, Aug 7, 1992

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Pursuant to a congressional request, GAO provided information on the Department of Housing and Urban Development's (HUD) process for allocating Comprehensive Grant Program funds, focusing on: (1) whether extraneous factors were used to allocate funds; and (2) the basis for changes in the preliminary and final allocations. GAO noted that: (1) the HUD allocations were consistent with final regulations; and (2) inconsistencies between the preliminary estimate and the final allocations resulted from more complete and accurate data being available at the time of the final allocation.