Multifamily Housing:
HUD's Proposals for Reengineering Its Insured Section 8 Portfolio
T-RCED-96-210: Published: Jun 27, 1996. Publicly Released: Jun 27, 1996.
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GAO discussed the Department of Housing and Urban Development's (HUD) proposal to restructure its section 8 multifamily rental housing portfolio. GAO noted that: (1) the section 8 portfolio suffers from high subsidy costs, exposure to insurance losses, and deteriorating property conditions; (2) HUD has proposed to implement a mark-to-market process that would allow property owners to set rents at market levels and allow HUD to reduce mortgage debt, terminate mortgage insurance, and restructure section 8 subsidies; (3) HUD contracted for a study to obtain information on market rents and the physical condition of the properties in its portfolio; (4) the study showed that the majority of insured section 8 properties would require debt reduction or forgiveness to continue operating; (5) the study also showed that, for most properties, assisted rents are higher than estimated market rents; (6) the contractor's study methodology was reasonable; and (7) any benefits that the HUD proposal realizes may come at a high cost.
Jan 25, 2021
Military Housing:
Actions Needed to Improve the Process for Setting Allowances for Servicemembers and Calculating Payments for Privatized Housing ProjectsGAO-21-137: Published: Jan 25, 2021. Publicly Released: Jan 25, 2021.
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.
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