Budget and Spending: Use of Housing Subsidies

Weekly Updates

LegiStorm is constantly adding new information on the people, places and reports in our database. In the past week, LegiStorm added:

376 new people
171 new organizations
408 new photos
1234 job history records for people in our database
653 education records for people in our database
1467 contact addresses, emails and URLs (LinkedIn, Facebook, etc.)
3 new people through the revolving door
109 new policy reports
43 new trips to our privately funded travel database
629 new personal financial disclosures
15148 new press releases
11 new town halls
25 new hearings

Caught Our Eye Rss

Some legislators prioritize talk, not action

by Heavyn Lester on 09/23/2024
Former state sen. joins conservative immigration group

by Heavyn Lester on 09/17/2024
Some representatives are burning through their budgets

by Heavyn Lester on 09/16/2024
Burlison hires foul-mouthed comms specialist

by Andy Gottlieb on 09/13/2024
Lobbyist returns to Senate as chief of staff

by Heavyn Lester on 09/12/2024

» More from Caught Our Eye

Follow @LegiStorm

LegiStorm adds House Q2 salaries and expenses

2024-09-05
Latest Senate salary and expense records published

2024-06-10
LegiStorm adds House Q1 salaries and expenses

2024-06-05
LegiStorm adds Q4 salary analytics and turnover data

2024-03-14

» More from our DevBlog

Lobbyists exploit massive loophole to wine and dine lawmakers, aides at fancy getaways

by Politico on 09/22/2024
Vulnerable Dem senator who touts record 'fighting' lobbyists has long history of hiring them

by Fox News on 09/18/2024
Kamala Harris ran her office like a prosecutor. Not everyone liked that.

by The Washingon Post on 09/09/2024
Letter: Van Ostern’s recent flyer

by Concord Monitor on 08/29/2024

Premium Download PDF Now (9 pages)

Report Type	Reports and Testimonies
Report Date	Feb. 27, 1990
Report No.	T-RCED-90-34
Subject	Disadvantaged persons Federal aid for housing Federal aid to states Housing programs Housing repairs Low income housing Rent subsidies Rental housing Tax credit HUD Low Income Housing Tax Credit Program HUD Section 8 Moderate Rehabilitation Program Sierra Pointe Housing Project (NV) Cost control

Summary:

GAO discussed the Department of Housing and Urban Development's (HUD) Section 8 Moderate Rehabilitation Program, focusing on: (1) its analysis of one project; and (2) the financial ramifications and the associated impact on low-income families of using the program and tax credits. GAO noted that: (1) the developer used subsidies under the program and tax credits to generate substantial cash flows; (2) there were no standards or guidelines governing the amount of proceeds a developer could realize above the cost of acquiring and rehabilitating section 8 properties; and (3) at the project it reviewed, HUD could have assisted another 259 households at the same funding level. GAO also noted that: (1) program changes limited the amount of subsidies allowed and their use; and (2) recent legislative changes placed greater responsibility on state credit-allocation agencies and prohibited the use of tax credits in conjunction with the section 8 program.

« Return to search Government Accountability Office reports

Weekly Updates

Caught Our Eye Rss

Social Media

DevBlog Rss

In the News

Budget and Spending: Use of Housing Subsidies