Foreign Housing Guaranty Program:

Goals Are Not Achieved and Financial Condition Is Poor

T-NSIAD-95-181: Published: Jun 28, 1995. Publicly Released: Jun 28, 1995.

Additional Materials:


Office of Public Affairs
(202) 512-4800

GAO discussed the Agency for International Development's (AID) Housing Guaranty Program. GAO noted that: (1) over the past 34 years, the Housing Guaranty Program has evolved from financing home construction in Latin America to financing a variety of shelter-related activities throughout the world; (2) federal assistance has gone to advanced and creditworthy developing countries that have ready access to international funding; (3) the program has not had the intended impact of stimulating local private sector investment in low-income shelter and AID is not sure whether the program is benefitting the poor target population; (4) many borrowers have defaulted on loan payments, and will likely default on these payments in the future; (5) the total cost to the government for the program is about $1 billion, since AID does not generate enough income from the fees it charges borrowers to cover the loan defaults; and (6) AID has spent several hundred million dollars to provide technical assistance to borrowers to help implement shelter-related projects.

Sep 13, 2017

Aug 1, 2017

Mar 1, 2017

  • housing icon, source: Comstock

    Low-Income Housing Tax Credit:

    The Role of Syndicators
    GAO-17-285R: Published: Feb 16, 2017. Publicly Released: Mar 1, 2017.

Jan 9, 2017

Nov 17, 2016

Oct 31, 2016

Oct 3, 2016

Jul 13, 2016

Jun 8, 2016

May 31, 2016

Looking for more? Browse all our products here