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Highlights

GAO was requested to analyze the Department of Housing and Urban Development's (HUD) negotiated sales of HUD-owned multifamily projects from October 1, 1976, through April 30, 1982. Specifically, the analysis examined: (1) what regulations, policies, and procedures govern negotiated sales of HUD-owned multifamily projects, and how often this sales method has been used; and (2) whether the regulations, policies, and procedures have always been followed, and what types of purchasers have acquired projects through the negotiated sales method.

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