HUD Single-Family Property Disposal Practices for Properties Transferred to Cities at Less-Than-Market Values or Small Dollar Amounts

GAO reported on the results of a survey of Department of Housing and Urban Development (HUD) single-family property disposal programs. Under these programs, properties are transferred, at less-than-market values or small dollar amounts, to cities. HUD anticipated that a substantial portion of the transferred properties would be used to provide needed housing for low- and moderate-income families. The program management in the city of Chicago was of particular interest.