Housing Assistance: An Inventory of Fiscal Year 2010 Programs, Tax Expenditures, and Other Activities

U.S. Government Accountability Office

Federal Guarantees for Financing for Tribal Housing Activities (Title VI)

Administering Agency/Entity Department of Housing and Urban Development
Short Description Provides loans to assist Indian Housing Block Grant (IHBG) recipients (borrowers) who want to finance eligible affordable housing activities and housing-related community development activities, but are unable to secure financing without the assistance of a federal guarantee. The borrower leverages IHBG funds to finance affordable housing activities by pledging future grant funds as security for repayment of the guarantee obligation. A private lender or investor provides the financing and HUD provides the guarantee to the lender or investor.
Primary Purpose Supports housing and other activities
Type of Housing Supported Both
Type of Assistance Guaranteed loan
Fiscal Year 2010 Obligations Expected credit subsidy costs are less than $500,000 for loan commitments made in fiscal year 2010. These estimates are revised in subsequent years and the ultimate cost will not be known until the loans have matured.

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