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Public Housing: Information on Backlogged Modernization Funds

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Report Type Reports and Testimonies
Report Date July 15, 1994
Report No. RCED-94-217FS
Subject
Summary:

GAO was asked to review the extent to which funds appropriated by Congress to modernize the nation's public housing are not being spent in a timely manner. This fact sheet discusses the extent of, reasons for, and federal and local efforts to reduce the accumulation of unobligated modernization funds. In summary, through fiscal year 1994, the Congress has appropriated approximately $9.3 billion that either has not been approved for local use by the Department of Housing and Urban Development or which public housing authorities have not obligated for modernization projects.

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