The distribution of grant funding per person in poverty in cities was not consistently aligned with overall poverty rates. Most cities, with the exception of those cities with the highest poverty rates, received roughly the same amount of economic development funding per person living in poverty. Further, when we examined how grant funds are distributed to cities based on their unemployment rates

FHLBank and FHFA officials cited several factors to help explain why alternative collateral represents about 1 percent of all collateral that is used to secure advances. These factors include a potential lack of interest by small lenders in pledging such collateral to secure advances or the view that many such lenders have sufficient levels of single-family mortgage collateral. Officials from two

Louisiana and Mississippi received the largest shares of CDBG disaster funds and targeted the majority toward homeowner assistance, allocating the rest to economic development, infrastructure, and other projects. Between 2006 and 2008, Louisiana's total allocation devoted to housing increased from 77 to 86 percent while Mississippi's decreased from 63 to 52 percent as the state focused on economi

The leverage measures (such as ratios) HUD and Treasury reported for the selected programs in performance, budget, and other documents lacked transparency because the agencies generally did not disclose the limitations of the data or the methods used to calculate them. Based on its review of available leveraging data and interviews with HUD and Treasury officials, GAO found that the leverage meas

Leveraging can be a useful tool for financing affordable housing and community and economic development and generally is regarded favorably by public and private sector officials; however, its use may have unintended consequences, and commonly used measures of leveraging have certain limitations. Leveraging can occur at an institutional level (to fund multiple initiatives) and at a project level

GAO noted that: (1) in fiscal year (FY) 1999, between 132,508 and 186,032 FHA borrowers who had voluntarily terminated their mortgages might have been eligible for distributive shares if FHA had paid such shares; (2) specifically, 186,032 FHA borrowers who had voluntarily terminated their mortgages in FY 1999 had received their mortgages in FY 1992 or earlier, and these mortgages were originated

GAO noted that: (1) for each selected metropolitan statistical area, GAO identified the number of census tracts in which 50 percent or more of the households are at or below the poverty level, the number of tracts in which 75 or more of the households are at or below the poverty level, and the total number of census tracts; and (2) for each of these census tracts, GAO provided information on the

GAO plans to assess the: (1) the Department of Housing and Urban Development's actions to correct its long-standing Department-wide management deficiencies and other housing and community development agencies' efforts to improve the delivery of services, eliminate duplication, and produce long-term cost savings through the restructuring of agencies or programs; (2) federal government's financial

GAO provided information on its active assignments in the Housing and Community Development issue area as of February 2, 1998.

GAO provided information on federal economic development programs and the assistance that they provide, focusing on the levels of assistance for each program in the Catalog of Federal Domestic Assistance (CFDA), and the associated broad budget accounts as reported by the Office of Management and Budget (OMB). GAO noted that: (1) CFDA lists a total of 342 economic development-related programs; (2