GAO’s reports and testimonies give Congress, federal agencies, and the public timely, fact-based, non-partisan information that can improve government operations and save taxpayers billions of dollars.
In 2017, hurricanes knocked out Puerto Rico's electricity grid and caused an 11-month blackout—the longest in U.S. history. Efforts are underway to rebuild a more resilient grid.
FEMA has worked with Puerto Rico to assess grid damage, estimate costs, and more.
The Federal Housing Finance Agency's goal is to keep the housing finance system healthy by supervising and regulating Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System.
The agency spent $296.6 million in FY 2020 to do its work.
The Federal Housing Finance Agency’s (FHFA) goal is to keep the housing finance system healthy by supervising and regulating Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System.
FHFA spent $277.9 million in FY 2019 to do its work.
What GAO Found Mortgage servicers purchase lender-placed insurance (LPI) for mortgages whose borrower-purchased insurance coverage lapses, most often because of nonpayment by the borrower or cancellation or nonrenewal by the original insurer.
Almost 4 years after the 2005 Gulf Coast hurricanes, the region continues to face daunting rebuilding challenges. To date, $19.7 billion in Community Development Block Grant (CDBG) funds have been appropriated for Gulf Coast rebuilding assistance--the largest amount in the history of the program.
Pursuant to a legislative requirement, GAO provided: (1) a legislative history of the McKinney Homeless Assistance Act; (2) a description of each McKinney Act program; (3) information on state funding for each program; and (4) information on newly authorized assistance programs for the homeless and any...