Multifamily Housing:
Information on Projects Eligible for Preservation Assistance
RCED-94-177FS: Published: Apr 15, 1994. Publicly Released: Apr 15, 1994.
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Pursuant to a congressional request, GAO provided information on the distribution and funding for the Department of Housing and Urban Development's (HUD) multifamily housing preservation program.
GAO found that: (1) by 2021, 3,555 project owners will be eligible to participate in the preservation incentive program; (2) 95 percent of all low-income units will be eligible for prepayment by fiscal year 1997; (3) although eligible projects are distributed throughout every state, 10 states have over 53 percent of the eligible housing units, California has 11 percent of the nationwide total, and 59 cities contain about 35 percent of the units eligible for preservation; (4) the three cities with the largest percentage of eligible housing units are Los Angeles, Chicago, and Dallas; (5) of the 781 project owners who have already filed notices with HUD to participate in the preservation program, 132 have been approved and most indicated that they would retain their projects and extend the use restrictions preserving the projects for lower-income households or sell their projects to a qualified purchaser; (6) HUD required an average of 17 months to process and approve project owners' participation requests; (7) HUD reserved about $432 million for preserving the 132 approved projects; (8) between 1991 and 1993, Congress appropriated approximately $1.1 billion for housing preservation; and (9) by the end of 1993, over $540 million in appropriations remained unreserved.
Dec 16, 2020
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Lead Paint in Housing:
HUD Has Not Identified High-Risk Project-Based Rental Assistance PropertiesGAO-21-55: Published: Dec 16, 2020. Publicly Released: Dec 16, 2020.
Dec 15, 2020
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Disaster Housing:
Improved Cost Data and Guidance Would Aid FEMA Activation DecisionsGAO-21-116: Published: Dec 15, 2020. Publicly Released: Dec 15, 2020.
Dec 8, 2020
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Troubled Asset Relief Program:
Treasury Continues Winding Down Housing ProgramsGAO-21-39: Published: Dec 8, 2020. Publicly Released: Dec 8, 2020.
Aug 13, 2020
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Homelessness:
Better HUD Oversight of Data Collection Could Improve Estimates of Homeless PopulationGAO-20-433: Published: Jul 14, 2020. Publicly Released: Aug 13, 2020.
Jul 29, 2020
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Crumbling Foundations:
Extent of Homes with Defective Concrete Is Not Fully Known and Federal Options to Aid Homeowners Are LimitedGAO-20-649: Published: Jul 29, 2020. Publicly Released: Jul 29, 2020.
Jul 27, 2020
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Housing:
Preliminary Analysis of Homeownership Trends for Nine CitiesGAO-20-544R: Published: Jun 25, 2020. Publicly Released: Jul 27, 2020.
Jun 26, 2020
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Rental Housing:
As More Households Rent, the Poorest Face Affordability and Housing Quality ChallengesGAO-20-427: Published: May 27, 2020. Publicly Released: Jun 26, 2020.
Apr 30, 2020
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Priority Open Recommendations:
Department of Housing and Urban DevelopmentGAO-20-500PR: Published: Apr 23, 2020. Publicly Released: Apr 30, 2020.
Mar 17, 2020
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Working Capital Fund:
HUD Could Improve Management to Better Achieve Efficiencies and Help Ensure Customer SatisfactionGAO-20-263: Published: Mar 17, 2020. Publicly Released: Mar 17, 2020.
Mar 3, 2020
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Military Housing:
Preliminary Recommendations to Strengthen DOD's Oversight and Monitoring of Privatized HousingGAO-20-471T: Published: Mar 3, 2020. Publicly Released: Mar 3, 2020.
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