Multifamily Housing: Effects of HUD's Portfolio Reengineering Proposal

GAO reviewed the Department of Housing and Urban Development's (HUD) proposals to reengineer its portfolio of insured Section 8 multifamily rental housing properties, focusing on the: (1) problems affecting the properties in the HUD insured Section 8 portfolio and HUD plans for addressing them; (2) results and reasonableness of a study performed by Ernst & Young to assess the effects of the HUD proposal on the portfolio's properties; and (3) key issues facing Congress in assessing the HUD proposal.