Summary: GAO presented its perspective on major housing and community development issues facing the Nation and outlined its plan for addressing these issues during the next year.
The study provided an overview of the areas which cover housing, community development, business assistance, and disaster assistance. In addition, GAO discussed: (1) the effectiveness of the Nation's efforts to house lower income families; (2) federal efforts to preserve the physical and financial integrity of assisted housing; (3) the improvement of national strategies for housing; (4) the effectiveness of federal efforts to provide mortgage credit and stabilize financing to maintain a viable housing industry; (5) strengthening the effectiveness of federal programs to preserve and upgrade urban and rural communities; (6) enhancing community development through appropriate assistance to small business and farmers; and (7) reducing federal costs of providing disaster assistance to communities and individuals. The study described how GAO selected the areas reviewed, the objectives of the planned work of GAO, and a listing of ongoing and completed studies in each area.
