Housing and Urban Development:

Reinvention and Budget Issues

T-RCED-95-112: Published: Feb 22, 1995. Publicly Released: Feb 22, 1995.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

GAO discussed the Department of Housing and Urban Development's (HUD) reinvention plans and fiscal year (FY) 1996 budget. GAO noted that: (1) HUD will take longer than the originally projected 3 years to implement its reinvention plans; (2) the reinvention strategy would make public housing authorities compete with the private market, consolidate 6O categorical programs into 3 flexible, performance-based funds, and establish an entrepreneurial, government-owned Federal Housing Administration; (3) the strategy requires major legislative actions, regulatory revisions, new funding allocation formulas, and more state responsibility; (4) HUD internal control, organization structure, staff mix, and information and financial management system weaknesses jeopardize the reinvention strategy's success; (5) HUD top management has given high priority to correcting these deficiencies; (6) projected FY 1996 HUD budget savings would result from shortening Section 8 contracts, which would defer costs to later years, freezing or reducing program spending levels, and other unspecified and technical changes; and (7) the HUD FY 1996 budget projects savings of $51 billion in budget authority and $13 billion in outlays over the next 5 years.

Jun 28, 2018

Jun 21, 2018

Apr 3, 2018

Feb 6, 2018

Oct 12, 2017

Oct 2, 2017

  • budget icon, source: GAO

    U.S. Territories:

    Public Debt Outlook
    GAO-18-160: Published: Oct 2, 2017. Publicly Released: Oct 2, 2017.

Sep 20, 2017

May 3, 2017

Jan 18, 2017

Jan 17, 2017

Looking for more? Browse all our products here