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Section 8 Housing Assistance: HUD to Recapture $439 Million of Excess Funding in the Moderate Rehabilitation Program

RCED-98-235 Published: Aug 25, 1998. Publicly Released: Aug 25, 1998.
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Highlights

Pursuant to a legislative requirement, GAO reviewed the Department of Housing and Urban Development's (HUD) financial management of the Section 8 rental assistance program, focusing on: (1) the amount of excess budget authority in the Section 8 Moderate Rehabilitation (MOD REHAB) Program and how HUD estimated this amount; (2) the accuracy of HUD's estimate; and (3) HUD's plans for recapturing this excess budget authority from housing agencies.

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Budget authorityData integrityFederal agency accounting systemsFederal aid for housingFinancial managementIntergovernmental fiscal relationsLow income housingPublic housingRental housingUnexpended budget balances