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

U.S. Government Accountability Office

Mark-to-Market Program

Administering Agency/Entity Department of Housing and Urban Development
Short Description Preserves long-term low-income housing affordability by restructuring FHA-insured or HUD-held mortgages for eligible multifamily housing projects. The restructured project is subject to long-term use and affordability restrictions.
Primary Purpose Assistance for financing rental housing
Type of Housing Supported Rental Housing
Type of Assistance Insured loan
Fiscal Year 2010 Obligations Costs/savings associated with this are among the items factored into subsidy rates for loan programs under the General Insurance and Special Risk Insurance Fund. Expected credit subsidy costs are revised in subsequent years and the ultimate cost will not be known until the loans have matured, which in some cases may be not less than 30 years.

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