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The Department of Housing and Urban Development takes a "point-in-time" count to gauge how many people are experiencing homelessness on a single night. HUD relies on local communities to provide the count.
Since 2018, the Home Mortgage Disclosure Act requires lenders to report additional data from loan applications and originations—such as borrower credit scores—to help regulators oversee and enforce fair lending laws.
The COVID-19 pandemic continues to affect the housing and financial stability of millions of renters and property owners. To help, Congress appropriated $25 billion in emergency rental assistance, and the Centers for Disease Control and Prevention (CDC) ordered a moratorium on residential evictions.
The Department of Housing and Urban Development (HUD) found homelessness in the U.S. grew 3 years in a row (2017-2019). Rising homelessness in metropolitan areas drove the increases.
We found HUD’s count likely underestimated the homeless population. Organizations across the U.S.
Pyrrhotite is a mineral that expands when exposed to water and oxygen. If pyrrhotite is present in concrete—as it is in the foundations of at least 1,600 Connecticut and Massachusetts homes—the concrete can crack and crumble.
Homeownership is often referred to as the American dream—but the 2007-2009 financial crisis put it out of reach for many. Even in housing markets that have since recovered, many Americans still find themselves locked out of homeownership.
The 2007-09 financial crisis resulted in millions of foreclosures and demographic changes—making renter households more common. We looked at declining rent affordability since then, but before COVID-19.
Developers can apply for federal Low-Income Housing Tax Credits to help them build affordable housing projects. The amount of credit depends largely on project costs.
Project costs we looked at varied widely (shown below), and federal oversight of costs is limited.
What GAO Found The Department of Housing and Urban Development's (HUD) and states' primary method for communities to demonstrate eligibility when they disagree with HUD's eligibility determination is to allow communities to conduct their own local income surveys to show that they meet the Community Development...
What GAO Found In September 2014, GAO reported that according to studies it reviewed and stakeholders it interviewed, removing crude oil export restrictions would likely increase domestic crude oil prices, but could decrease consumer fuel prices, although the extent of price changes are uncertain and...