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Resolution Trust Corporation: Affordable Housing Disposition Program Achieving Mixed Results

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Report Type Reports and Testimonies
Report Date Sept. 28, 1994
Report No. GGD-94-202
Subject
Summary:

This report reviews the Resolution Trust Corporation's (RTC) Affordable Housing Disposition Program. Specifically, GAO (1) assesses RTC's progress in providing home ownership and rental opportunities for very low-, lower-, and moderate-income families since GAO last reported in September 1992; (2) assesses RTC's procedures for ensuring that purchasers of program properties comply with income and occupancy requirements; and (3) attempts to identify RTC's costs of running the program. GAO also provides information on the status of RTC's and the Federal Deposit Insurance Corporation's joint plan for continuing the program after RTC closes in December 1995.

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