[Appendix]
[Detailed Budget Estimates by Agency]
[Department of Housing and Urban Development]
[From the U.S. Government Printing Office, www.gpo.gov]


                     THE BUDGET FOR FISCAL YEAR 2002

 
               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

    This chapter presents the budget estimates and program 
justifications for the Department of Housing and Urban Development 
(HUD). HUD's core mission is to promote adequate and affordable housing, 
economic opportunity and a suitable living environment free from 
discrimination. The 2002 Budget for HUD reflects initial implementation 
of a multi-year comprehensive reform effort which will enhance the 
effectiveness of programs, reduce high unobligated and obligated 
balances, and return HUD to its core mission. Congress has provided 
significant increases in several HUD programs over the past two years.

    The 2002 budget provides for three grant programs which will serve 
HUD's fundamental affordable housing and economic development missions. 
Community Development Block Grants (CDBG) will be increased to initiate 
a Community Technology Centers program building on HUD's existing 
neighborhood network program. In addition, a new initiative will be 
funded to improve access by disabled persons to religiously affiliated 
and community based facilities that are exempt from the requirements of 
Americans with Disabilities Act. The Self-Help Opportunities Program 
(SHOP) is increased by more than 10 percent in an effort to accelerate 
home ownership by low-income families.

    The HOME Investment Partnerships Program will include $200 million 
in targeted grants to increase first-time home ownership by lower-income 
families. New home buyers will receive down payment assistance.

    The 2002 budget includes 34,000 incremental vouchers that will help 
address the severe housing needs of low-income households. These 
vouchers are necessary to address the substantial number of families 
nationwide which have worst case needs for housing assistance: 
extremely-low income families currently paying more than half their 
income for rent or living in severely inadequate conditions. In 
addition, this Administration reaffirms the long-held commitment to 
renew all expiring Section 8 contracts, to protect residents from 
displacement by substantially increasing funding for Section 8 renewals, 
to provide Section 8 tenant-based assistance for displaced families, and 
for the replacement of affordable housing due to opt-outs from the 
project-based Section 8 program.

    The Administration also continues its support for the Department's 
successful Housing for Persons With HIV/AIDS program (HOPWA) by 
providing increased funding to prevent thousands of persons with HIV/
AIDS from becoming homeless. This increase is necessary to continue to 
provide stable housing and services in existing local programs and fund 
new jurisdictions as they become eligible for formula funding due to the 
continued increase in the number of AIDS cases.

    The Housing for the Elderly program (under Section 202 of the 
Housing Act of 1959) will be increased in 2002 to fully provide for the 
renewal of contracts to assist rental of low-income elderly units. This 
is the first year that contracts for assistance will be renewed. The 
Housing for Persons with Disabilities Program (under Section 811 of the 
National Affordable Housing Act of 1990) will also receive additional 
funding to renew contracts for rental assistance in this program.

    The budget will increase the Federal Housing Administration's (FHA) 
maximum mortgage loan limits for multi-family projects. In addition, the 
budget authorizes FHA to develop new adjustable rate mortgage products. 
These provisions will provide much-needed credit assistance to first-
time homebuyers, minorities, and other underserved populations.

    Increased funding for the Fair Housing Assistance and Fair Housing 
Initiatives programs (FHAP and FHIP) will strengthen the ability of 
public and private fair housing groups, and partnerships between them, 
to enforce the laws protecting all Americans against illegal housing 
discrimination. Funds dedicated in past budgets to completing a national 
survey of housing discrimination will be redirected in 2002 to both FHIP 
and FHAP, increasing total anti-discrimination activities by almost 20 
percent.

    In order to ensure the effective implementation of its programs, the 
Department's Office of Policy Development and Research (PD&R) will be 
provided with funds necessary to ensure timely provision of data, 
research and analysis of national housing and economic conditions, and 
to measure the performance of programs, consistent with the Government 
Performance and Results Act of 1994.

    The Department will initiate a number of reforms in 2002 to refocus 
HUD on its core mission and key programs. The first in a series of 
planned reforms to improve program performance is to ensure that 
programs receive funding when it is needed. Several programs have built 
up large amounts of unobligated and obligated balances, including the 
Public Housing Capital Fund and Section 8. Hence, these programs will 
not receive last year's levels until these balances are brought down to 
reasonable levels.

    In addition, duplicative and low-impact programs will be terminated. 
The Department is initiating full-scale reviews of other programs as 
well. Public Housing Drug Elimination Grants, which duplicates Public 
Housing Operating and Capital Funds, and a rural economic development 
program, which duplicates numerous USDA programs dedicated to rural 
development, will be terminated. Management reforms are a top priority 
for the new HUD. Inadequate systems have weakened HUD's ability to 
monitor lenders that use HUD's guarantees and resulted in several 
material weaknesses identified in the FHA financial audit. A fraudulent 
scheme known as property flipping also has been discovered. FHA will 
strengthen the integrity of internal systems and controls to eliminate 
the need for foreclosure moratoria or other emergency responses. Actions 
also include improving loan origination processes and providing better 
monitoring of lenders and appraisers. HUD will also focus on the long-
standing problems of weak oversight of local housing providers and 
overpayments in HUD's rental assistance programs. Weak oversight of 
local agents has reduced the quality of housing services, increased 
costs, and reduced the number of households that can be aided. HUD will 
improve its management rating instruments to oversee these agents, 
making them more outcome-oriented rather than process-oriented and 
making other revisions as recommended by the National Academy of Public 
Administration. HUD will also undertake reforms to correct overpayments 
in HUD's rental assistance program because tenants' incomes are under 
reported and rents are improperly calculated or not fully collected. HUD 
will undertake reforms to reduce these overpayments including steps to 
ensure that local agencies and landlords can correctly calculate the 
rent owed based on program rules, full implementation of HUD's existing 
authority to match tenant-reported incomes with IRS records, and more 
accurate and full reporting by local housing agencies of tenant 
characteristics for all assisted tenants.

[[Page 482]]

                                


 
                        PUBLIC AND INDIAN HOUSING

                              Federal Funds

General and special funds:

                        Housing Certificate Fund

                     (including transfers of funds)

    For activities and assistance to prevent the involuntary 
displacement of low-income families, the elderly and the disabled 
because of the loss of affordable housing stock, expiration of subsidy 
contracts (other than contracts for which amounts are provided under 
another heading in this Act) or expiration of use restrictions, or other 
changes in housing assistance arrangements, and for other purposes, 
[$13,940,907,000] $15,717,392,000 and amounts that are recaptured in 
this account to remain available until expended: Provided, That of the 
total amount provided under this heading, [$13,430,000,000, of which 
$9,230,000,000 shall be available on October 1, 2000 and $4,200,000,000 
shall be available on October 1, 2001,] $15,506,746,000 shall be for 
assistance under the United States Housing Act of 1937 (``the Act'' 
herein) (42 U.S.C. 1437): Provided further, That the budget authority 
(but not the outlays) for $4,200,000,000 provided under this heading in 
fiscal year 2001, to be available as an advance appropriation in fiscal 
year 2002, shall be considered direct spending in fiscal year 2002 for 
purposes of the Balanced Budget and Emergency Deficit Control Act of 
1990, as amended, and section 2(a) of Public Law 106-554: Provided 
further, That the foregoing amounts shall be for use in connection with 
expiring or terminating section 8 subsidy contracts, for amendments to 
section 8 subsidy contracts, for enhanced vouchers (including amendments 
and renewals) under any provision of law authorizing such assistance 
under section 8(t) of the United States Housing Act of 1937 (47 U.S.C. 
1437f(t)), contract administrators, and contracts entered into pursuant 
to section 441 of the [Stewart B.] McKinney-Vento Homeless Assistance 
Act: Provided further, That amounts available under the first proviso 
under this heading shall be available for section 8 rental assistance 
under the Act: (1) for the relocation and replacement of housing units 
that are demolished or disposed of pursuant to [section 24 of the United 
States Housing Act of 1937 or to other authority for the revitalization 
of severely distressed public housing, as set forth in the 
Appropriations Acts for the Departments of Veterans Affairs and Housing 
and Urban Development, and Independent Agencies for fiscal years 1993, 
1994, 1995, and 1997, and in] the Omnibus Consolidated Rescissions and 
Appropriations Act of 1996; (2) for the conversion of section 23 
projects to assistance under section 8; (3) for funds to carry out the 
family unification program; (4) for the relocation of witnesses in 
connection with efforts to combat crime in public and assisted housing 
pursuant to a request from a law enforcement or prosecution agency; (5) 
for tenant protection assistance, including replacement and relocation 
assistance; and (6) for the 1-year renewal of section 8 contracts for 
units in a project that is subject to an approved plan of action under 
the Emergency Low Income Housing Preservation Act of 1987 or the Low-
Income Housing Preservation and Resident Homeownership Act of 1990: 
Provided further, That of the total amount provided under this heading, 
[$11,000,000 shall be transferred to the Working Capital Fund for the 
development and maintenance of] up to $13,400,000 shall be for 
information technology [systems]: [Provided further, That of the total 
amount provided under this heading, $40,000,000 shall be made available 
to nonelderly disabled families affected by the designation of a public 
housing development under section 7 of the Act, the establishment of 
preferences in accordance with section 651 of the Housing and Community 
Development Act of 1992 (42 U.S.C. 1361l), or the restriction of 
occupancy to elderly families in accordance with section 658 of such 
Act, and to the extent the Secretary determines that such amount is not 
needed to fund applications for such affected families, to other 
nonelderly disabled families:] Provided further, That of the total 
amount provided under this heading, [$452,907,000] $197,246,000 shall be 
made available for incremental vouchers under section 8 of the United 
States Housing Act of 1937 on a fair share basis and administered by 
public housing agencies: [Provided further, That of the total amount 
provided under this heading, up to $7,000,000 shall be made available 
for the completion of the Jobs Plus Demonstration:] Provided further, 
That amounts available under this heading may be made available for 
administrative fees and other expenses to cover the cost of 
administering rental assistance programs under section 8 of the United 
States Housing Act of 1937: Provided further, That the fee otherwise 
authorized under section 8(q) of such Act shall be determined in 
accordance with section 8(q), as in effect immediately before the 
enactment of the Quality Housing and Work Responsibility Act of 1998[: 
Provided further, That $1,833,000,000 is rescinded from unobligated 
balances remaining from funds appropriated to the Department of Housing 
and Urban Development under this heading or the heading ``Annual 
Contributions for Assisted Housing'' or any other heading for fiscal 
year 2000 and prior years: Provided further, That any such balances 
governed by reallocation provisions under the statute authorizing the 
program for which the funds were originally appropriated shall not be 
available for this rescission: Provided further, That the Secretary 
shall have until September 30, 2001, to meet the rescission in the 
proviso preceding the immediately preceding proviso]: Provided further, 
That any obligated balances of contract authority that have been 
terminated shall be canceled. (Departments of Veterans Affairs and 
Housing and Urban Development, and Independent Agencies Appropriations 
Act, 2001, as enacted by section 1(a)(1) of P.L. 106-377.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0319-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Contract renewals.................       8,145      14,935      15,748
00.02 Contract Administrator............         137         192         196
00.03 Relocation & other................         209         326         203
00.04 Preservation......................           1           9
00.05 Section 514 Technical Assistance..           4          10
00.06 Non-Elderly Disabled..............          64          56
00.07 Welfare to Work...................         281           1
00.08 Regional Opportunity Counseling...                      10
00.09 Section 8 Amendment...............         334         356
00.10 Preservation Prepayments..........           8
00.11 Incremental vouchers..............         353         452         197
00.12 Other.............................          57         433
00.13 Job Plus..........................                       7
00.14 Working Capital Fund..............                      11          13
00.15 Section8 Counseling...............                      12
00.16 Relocation/Replacement/Demolition.                       2
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................       9,593      16,812      16,357
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........       3,185       2,948         643
22.00 New budget authority (gross)......       4,852      12,082      19,917
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................       3,810       2,427
22.21 Unobligated balance transferred to 
        other accounts..................                      -2
22.22 Unobligated balance transferred 
        from other accounts.............         725
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......      12,572      17,455      20,560
23.95 Total new obligations.............      -9,593     -16,812     -16,357
23.98 Unobligated balance expiring or 
        withdrawn.......................         -31                      -3
24.40 Unobligated balance carried 
        forward, end of year............       2,948         643       4,200
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................       7,177       9,741      15,717
40.36   Unobligated balance rescinded...      -2,253      -1,833
40.76   Reduction pursuant to P.L. 106-
          113...........................         -72
40.77   Reduction pursuant to P.L. 106-
          554 (0.22 percent)............                     -17
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............       4,852       7,891      15,717
55.00   Advance appropriation...........                   4,200
55.77   Reduction pursuant to P.L. 106-
          554 (0.22 percent)............                      -9
                                           ---------   ---------  ----------
55.90     Advance appropriation (total 
            discretionary)..............                   4,191
      Mandatory:

60.00   Appropriation...................                   3,000       3,000
60.49   Portion applied to liquidate 
          contract authority............                  -3,000      -3,000
65.00   Advance appropriation...........                               4,200
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................       4,852      12,082      19,917
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................      12,174      46,154      43,884
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................      12,174      46,154      43,884
73.10 Total new obligations.............       9,593      16,812      16,357
73.20 Total outlays (gross).............     -15,972     -16,655     -17,676
73.32 Obligated balance transferred from 
        other accounts..................      44,169
73.45 Recoveries of prior year 
        obligations.....................      -3,810      -2,427
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.      46,154      43,884      42,565
                                           ---------   ---------  ----------

[[Page 483]]


74.99     Obligated balance, end of year      46,154      43,884      42,565
75.01 Obligated balance, start of year: 
        Contract authority..............                  31,583      28,583
75.02 Obligated balance, end of year: 
        Contract authority..............      31,583      28,583      25,583
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         718         791       1,197
86.93 Outlays from discretionary 
        balances........................      15,254      15,864      16,479
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........      15,972      16,655      17,676
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................       4,852      12,082      19,917
90.00 Outlays...........................      15,972      16,655      17,676
---------------------------------------------------------------------------

    The funds requested could support the following activities for 2002, 
as shown in the table below.

                        HOUSING CERTIFICATE FUND

          [Budget Authority Request for FY 2002, $ in Millions]

                                        Units   Per Unit Cost     BA
FY 2002:
  Incremental Rental Assistance.....      33,700       5,853         197
  Tenant Protections--Housing.......      30,300          NA         203
  Contract Administrators...........          NA          NA         196
  Information Technology/Working 
    Capital Fund....................                                  13
  Contract Renewals:
    PIH.............................                              10,889
    CPD-Mod. Rehab. SRO.............                                  10
    Housing.........................                      NA       4,209
                                    ------------------------------------
      Subtotal, contract renewals...                              15,108
  Administrative Fees-PIH [non-add].                 Approx.     [1,100]
      Total, FY 2002 Housing 
        Certificate Fund............                              15,717
                                    ====================================

    Contract Renewals. Contract renewals provide funding to renew 
expiring Section 8 rental assistance contracts covering certificates, 
vouchers, and moderate rehabilitation (renewed as certificates or 
vouchers), Loan Management, New Construction/Substantial Rehabilitation, 
Property Disposition, and Preservation, and contracts authorized under 
section 441 of the McKinney-Vento Homeless Assistance Act. It also 
includes $46.4 million to renew funding for Family self-sufficiency 
coordinators.

    Incremental Rental Assistance. For 2002, the Department is 
requesting approximately 34,000 incremental vouchers and $197 million in 
budget authority.

            Status of Contract Authority (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0319-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
0100  Balance, start of year............                  31,583      28,583
0340  Unobligated balance transferred...      31,583
0400  Appropriation to liquidate 
        contract authority..............                  -3,000      -3,000
0700  Balance, end of year..............      31,583      28,583      25,583
---------------------------------------------------------------------------

Public and Indian Housing

    Tenant Protection Vouchers. The Housing Certificate fund supports 
families living in public and assisted housing units affected by changes 
in the status of the units. Income-eligible families who are affected by 
the demolition, disposition, revitalization or other capital improvement 
through no fault of their own, receive relocation/replacement vouchers 
through the Housing Certificate Fund.

Housing

    Tenant Protection Set-Asides. The Housing Certificate Fund also 
serves a role in supporting families in FHA-insured, privately owned 
assisted housing projects affected by changes in project status. It is 
intended that income-eligible families who, through no fault of their 
own, are affected by HUD's management of the multifamily inventory be 
aided through the Housing Certificate Fund.

    Verifying the right person gets the right benefit.--In 2002, HUD 
will continue to verify tenant reported income against other Federal 
income and other wage data, as authorized under existing statutes. This 
will help ensure that housing assistance is only provided to the extent 
entitled. It will provide greater assurance that tenants pay the proper 
amount of rent as provided under law.

    The verification program will reinforce incentives for voluntary 
reporting of income and the corresponding determination of the rent 
payment. Actions will include interest charges on under-payment of rent, 
additional financial penalties for very large amounts of under-payments, 
and routine notification to credit bureaus when amounts remain unpaid. 
HUD will amend its administrative procedures to standardized interim 
reporting policies for when a tenant must report increases and decreases 
in income. HUD will also streamline its procedures to easily reconcile 
these mismatches to actual income. When new verification procedures are 
fully implemented, HUD will reduce the existing administrative burden of 
paper verification of employment with employers to a sampling basis.

    Tenants assessed back rent will be asked to repay the amount over a 
reasonable period of time in order to ease the burden of reimbursement. 
In subsequent years, HUD envisions a system of reconciliation where 
tenant reporting would be routinely reconciled with actual income. Any 
significant overpayment or underpayment of rent would be adjusted in the 
tenant's future rental payment over the following year.

                                

                 Section 8 Reserve Preservation Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0316-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          11
22.21 Unobligated balance transferred to 
        other accounts..................         -11
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................         845
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................         845
73.31 Obligated balance transferred to 
        other accounts..................        -845
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------

    The Section 8 Reserve Preservation Account was authorized by P.L. 
105-18. This account contained funds which were recaptured from project 
reserve accounts maintained by Housing Authorities nationwide.

    All balances in this account were transferred to the Housing 
Certificate Fund in 2000.

                                

                Annual Contributions For Assisted Housing

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0164-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         766
21.49 Unobligated balance carried 
        forward, start of year: Contract 
        authority.......................          17
                                           ---------   ---------  ----------
21.99   Total unobligated balance 
          carried forward, start of year         783
22.00 New budget authority (gross)......         -16
22.21 Unobligated balance transferred to 
        other accounts..................        -766
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......           1
----------------------------------------------------------------------------

[[Page 484]]



    New budget authority (gross), detail:
      Discretionary:

40.36   Unobligated balance rescinded...         -16
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         -16
      Mandatory:

60.00   Appropriation...................       3,000
60.49   Portion applied to liquidate 
          contract authority............      -3,000
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         -16
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

        Unpaid obligations, start of 
            year:
72.40     Unpaid obligations, start of 
            year........................       5,322
72.40     Unpaid obligations, start of 
            year........................      45,098
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................      50,420
73.31 Obligated balance transferred to 
        other accounts..................     -50,420
75.01 Obligated balance, start of year: 
        Contract authority..............      39,748
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         -16
90.00 Outlays...........................
---------------------------------------------------------------------------

            Status of Contract Authority (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0164-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
0100  Balance, start of year............      39,765
0340  Unobligated balance transferred...     -36,765
0400  Appropriation to liquidate 
        contract authority..............      -3,000
---------------------------------------------------------------------------

    The Annual Contributions for Assisted Housing account provided 
assistance for low-income housing and various other programs.

    This account has not received an appropriation for several years. 
The 2000 Appropriations Act (P.L. 106-74) transferred the unexpended 
balances from this account to other accounts.

                                

                             Moving to Work

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0331-0-1-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 JOBS PLUS Initiative..............           5
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................           5
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......           5
23.95 Total new obligations.............          -5
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................           5
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................                       5
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................                       5
73.10 Total new obligations.............           5
73.20 Total outlays (gross).............                      -3
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.           5
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year           5
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.93 Outlays from discretionary 
        balances........................                       3
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................           5
90.00 Outlays...........................                       3
---------------------------------------------------------------------------

    The Moving-to-Work demonstration provides unprecedented autonomy and 
flexibility to a select group of high-performing public housing 
authorities (PHAs) in order to assess the potential impacts of Federal 
deregulation on resident households, housing developments, and local 
housing programs. Through waivers of requirements of the 1937 Housing 
Act, as amended, and related Federal regulations, participating PHAs can 
combine Federal funding allocated for public housing operating subsidy, 
capital subsidy, and Section 8 certificates and vouchers into a flexible 
housing assistance fund. By providing incentives to families that work, 
are seeking work, or are preparing for work, PHAs are also allowed to 
change administrative procedures and management policies so they can 
reallocate resources to better address local housing needs and 
priorities. No additional funding is being requested for this 
demonstration.

                                

                       Public Housing Capital Fund

                     (including transfers of funds)

    For the Public Housing Capital Fund [Program] to carry out capital 
and management activities for public housing agencies, as authorized 
under section 9 of the United States Housing Act of 1937, as amended (42 
U.S.C. 1437), [$3,000,000,000] $2,293,400,000, to remain available until 
expended, of which up to [$50,000,000] $41,000,000 shall be for carrying 
out activities under section 9(h) of such Act, up to $500,000 shall be 
for lease adjustments to section 23 projects [and $43,000,000 shall be 
transferred to the Working Capital Fund for the development and 
maintenance of information technology systems: Provided, That no funds 
may be used under this heading for the purposes specified in section 
9(k) of the United States Housing Act of 1937: Provided further, That of 
the total amount, up to $75,000,000 shall be available for the Secretary 
of Housing and Urban Development to make grants to public housing 
agencies for emergency capital needs resulting from emergencies and 
natural disasters in fiscal year 2001]; up to $54,700,000 shall be for 
information technology; and up to $14,200,000 shall be for the provision 
of remediation services to Public Housing Agencies identified as 
``troubled'' under the Section 8 Management Assessment Program and for 
surveys used to calculate local Fair Market Rents and assess housing 
conditions in connection with rental assistance under section 8 of the 
Housing Act of 1937. (Departments of Veterans Affairs and Housing and 
Urban Development, and Independent Agencies Appropriations Act, 2001, as 
enacted by section 1(a)(1) of P.L. 106-377.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0304-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Capital Grants....................       3,872       4,529       2,183
00.02 Technical Assistance..............                                  55
00.03 Information Technology............                                  55
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................       3,872       4,529       2,293
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........       2,464       1,536
22.00 New budget authority (gross)......       2,884       2,993       2,293
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................         268
22.22 Unobligated balance transferred 
        from other accounts.............          52
22.75 Balance of contract authority 
        withdrawn.......................        -260
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       5,408       4,529       2,293
23.95 Total new obligations.............      -3,872      -4,529      -2,293
24.40 Unobligated balance carried 
        forward, end of year............       1,536
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................       2,900       3,000       2,293
40.36   Unobligated balance rescinded...         -16
40.77   Reduction pursuant to P.L. 106-
          554 (0.22 percent)............                      -7
                                           ---------   ---------  ----------

[[Page 485]]


43.00     Appropriation (total 
            discretionary)..............       2,884       2,993       2,293
      Mandatory:

60.00   Appropriation...................                     600         589
60.49   Portion applied to liquidate 
          contract authority............                    -600        -589
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................       2,884       2,993       2,293
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................       5,201      11,837      12,648
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................       5,201      11,837      12,648
73.10 Total new obligations.............       3,872       4,529       2,293
73.20 Total outlays (gross).............      -3,690      -3,718      -3,583
73.32 Obligated balance transferred from 
        other accounts..................       6,722
73.45 Recoveries of prior year 
        obligations.....................        -268
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.      11,837      12,648      11,358
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year      11,837      12,648      11,358
75.01 Obligated balance, start of year: 
        Contract authority..............          30       4,952       4,352
75.02 Obligated balance, end of year: 
        Contract authority..............       4,952       4,352       3,763
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          42         125         129
86.93 Outlays from discretionary 
        balances........................       3,648       3,593       3,454
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........       3,690       3,718       3,583
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................       2,884       2,993       2,293
90.00 Outlays...........................       3,690       3,718       3,583
---------------------------------------------------------------------------

    The Public Housing Capital Fund, a comprehensive formula-driven 
program based on need, is designed to respond to the capital and 
management improvement requirements of public housing. The fund is a 
consolidation of the following programs: public housing modernization; 
public housing development; Major Reconstruction of Obsolete Public 
Housing Projects (MROP); and public housing amendments.

    Of the $2.3 billion requested for the Public Housing Capital Fund, 
$2.2 billion will assist housing authorities in carrying out capital and 
management activities and is sufficient to cover the accrual of 
additional capital needs which has been estimated at $2.1 billion 
annually. The $700 million cut to the Public Housing Capital fund will 
not reduce the number of households helped or the quality of assistance 
provided. There are over $6 billion in 2000 and prior year unspent 
Public Housing Capital balances available for this purpose. New 
regulatory tools and funding for demolition and replacement (HOPE VI) 
can be used to remove failing units from the public housing inventory. 
Such units represent a disproportionate share of the backlog. In 
addition, of the requested amount, up to $41 million is set aside for 
technical assistance including inspection of public housing units and no 
more than $55 million shall be available for information technology.

    In addition, $14.2 million will be used for program support and 
evaluation, such as contracts to determine local fair market rents, 
assessment of Section 8 housing conditions, and towards remediation 
efforts for Public Housing Agencies designated as ``troubled.''

            Status of Contract Authority (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0304-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
0100  Balance, start of year............          30       4,952       4,352
0340  Unobligated balance transferred...       5,182
0400  Appropriation to liquidate 
        contract authority..............                    -600        -589
0600  Balance of contract authority 
        withdrawn.......................        -260
0700  Balance, end of year..............       4,952       4,352       3,763
---------------------------------------------------------------------------

                                

                      Public Housing Operating Fund

                     (including transfers of funds)

    For payments to public housing agencies for the operation and 
management of public housing, as authorized by section 9(e) of the 
United States Housing Act of 1937, as amended (42 U.S.C. 1437g), 
[$3,242,000,000,] $3,384,868,000 to remain available until expended, of 
which $10,000,000 shall be provided to the Office of Inspector General 
for Operation Safe Home: Provided, That no funds may be used under this 
heading for the purposes specified in section 9(k) of the United States 
Housing Act of 1937. (Departments of Veterans Affairs and Housing and 
Urban Development, and Independent Agencies Appropriations Act, 2001, as 
enacted by section 1(a)(1) of P.L. 106-377.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0163-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Operating Subsidy.................       3,103       3,290       3,375
00.02 Operation Safe Home...............                                  10
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................       3,103       3,290       3,385
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          12          55
22.00 New budget authority (gross)......       3,138       3,235       3,385
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           8
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       3,158       3,290       3,385
23.95 Total new obligations.............      -3,103      -3,290      -3,385
24.40 Unobligated balance carried 
        forward, end of year............          55
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................       3,138       3,242       3,385
40.77   Reduction pursuant to P.L. 106-
          554 (0.22 percent)............                      -7
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............       3,138       3,235       3,385
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................       1,412       1,671       1,744
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................       1,412       1,671       1,744
73.10 Total new obligations.............       3,103       3,290       3,385
73.20 Total outlays (gross).............      -2,836      -3,217      -3,336
73.45 Recoveries of prior year 
        obligations.....................          -8
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.       1,671       1,744       1,793
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year       1,671       1,744       1,793
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................       1,437       1,553       1,625
86.93 Outlays from discretionary 
        balances........................       1,399       1,664       1,711
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........       2,836       3,217       3,336
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................       3,138       3,235       3,385
90.00 Outlays...........................       2,836       3,217       3,336
---------------------------------------------------------------------------

    Operating subsidies are provided to public housing authorities 
(PHAs) to assist in funding the operation and maintenance expenses of 
public housing units in accordance with Section 9(e) of the United 
States Housing Act of 1937, as amended. The annual subsidy requirements 
shown reflect efforts to date to develop a new formula for the 
allocation of operating subsidies using regulatory negotiations as 
required by the Quality Housing and Work Responsibility Act of 1998. It 
is anticipated that sufficient funds will be available to provide 100 
percent of subsidy requirements in 2002.

    The following tables display the sources of housing authorities' 
expected revenue and expenditures by category for 2002. The distribution 
is based on historical data reported by housing authorities to HUD on 
the Statement of Operating Receipts and Expenditures.

[[Page 486]]

    Table 1. Sources of Housing Authorities' Operating Revenue (in 
                         millions of dollars)

                Category                 Annual income    Percent of 
                                                             total
Operating Subsidies.....................        $3,385             53%
Dwelling Rental.........................        $2,572             40%
Investment..............................          $125              2%
Other Income............................          $318              5%
                                         -------------  --------------

   Total, Operating Revenue.............         6,400            100%
                                         -------------  --------------

    Operating Subsidies.--Represent HUD's contributions to a housing 
authority's operating budget. Under the current formula-based approach, 
HUD sets a formula-determined allowable expense level (AEL) for each PHA 
and separately computes utility and audit costs. The PHA's dwelling 
rental income is also projected and the subsidy is the difference 
between the projected AEL, utility, and audit expenses and projected 
dwelling rental income.

    Dwelling Rental.--Income derived from tenants' rents.

    Investment Income.--Income from interest earned on general fund 
investments.

    Other Income.--Includes income from other sources such as renting 
rooftop space for signs or broadcasting and from operating services for 
tenants, such as laundromats or day care centers.

 Table 2. Housing Authorities' Operating Expenditures (in millions of 
                               dollars)

                Category                    Annual 
                                          expenditures    Percent of 
                                                             total
Utilities...............................        $1,344             21%
Administration..........................         1,280             20%
General Operating Expenses..............         1,088             17%
Maintenance.............................         1,984             31%
Tenant Services.........................            64              1%
Protective Services.....................           192              3%
Capital Expenditures....................           128              2%
Operating Reserve.......................           320              5%
                                         -------------  --------------

   Total, Operating Expenses............         6,400            100%
                                         -------------  --------------

    Utilities.--Includes water, sewer, electricity, gas, fuel, and 
related labor expenses.

    Administration.--Includes administrative salaries, legal expenses, 
staff training, travel, accounting fees, auditing fees, sundry, and 
outside management costs.

    General Operating Expenses.--Includes insurance, payments made to 
local governments in lieu of taxes, terminal leave payments, employees 
benefit contributions, collection losses, interest on administrative and 
sundry notes, and other general expenses.

    Ordinary Maintenance and Operations.--Consists of expenses for 
labor, materials, contracts and garbage fees associated with the day-to-
day operation of the public housing authority.

    Tenant Services.--Cover salaries, recreation, publication, contract 
costs, training, and other expenses.

    Protective Services.--Includes expenses for labor, materials, and 
contract costs.

    Capital Expenditures.--Includes extraordinary maintenance, casualty 
losses, and property betterments (e.g. roofs and furnaces).

    Operating reserves.--Provides working capital funds and is a reserve 
for emergencies.

                                

             Drug Elimination Grants for Low-Income Housing

                    [(including transfers of funds)]

    [For grants to public housing agencies and Indian tribes and their 
tribally designated housing entities for use in eliminating crime in 
public housing projects authorized by 42 U.S.C. 11901-11908, for grants 
for federally assisted low-income housing authorized by 42 U.S.C. 11909, 
and for drug information clearinghouse services authorized by 42 U.S.C. 
11921-11925, $310,000,000, to remain available until expended: Provided, 
That of the total amount provided under this heading, up to $3,000,000 
shall be solely for technical assistance, technical assistance grants, 
training, and program assessment for or on behalf of public housing 
agencies, resident organizations, and Indian tribes and their tribally 
designated housing entities (including up to $150,000 for the cost of 
necessary travel for participants in such training) for oversight, 
training and improved management of this program, $2,000,000 shall be 
available to the Boys and Girls Clubs of America for the operating and 
start-up costs of clubs located in or near, and primarily serving 
residents of, public housing and housing assisted under the Native 
American Housing Assistance and Self-Determination Act of 1996, and 
$10,000,000 shall be used in connection with efforts to combat violent 
crime in public and assisted housing under the Operation Safe Home 
Program administered by the Inspector General of the Department of 
Housing and Urban Development: Provided further, That of the amount 
under this heading, $10,000,000 shall be provided to the Office of 
Inspector General for Operation Safe Home: Provided further, That of the 
amount under this heading, $20,000,000 shall be available for the New 
Approach Anti-Drug program which will provide competitive grants to 
entities managing or operating public housing developments, federally 
assisted multifamily housing developments, or other multifamily housing 
developments for low-income families supported by non-Federal 
governmental entities or similar housing developments supported by 
nonprofit private sources in order to provide or augment security 
(including personnel costs), to assist in the investigation and/or 
prosecution of drug-related criminal activity in and around such 
developments, and to provide assistance for the development of capital 
improvements at such developments directly relating to the security of 
such developments: Provided further, That grants for the New Approach 
Anti-Drug program shall be made on a competitive basis as specified in 
section 102 of the Department of Housing and Urban Development Reform 
Act of 1989.] (Departments of Veterans Affairs and Housing and Urban 
Development, and Independent Agencies Appropriations Act, 2001, as 
enacted by section 1(a)(1) of P.L. 106-377.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0197-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct program....................         383         402
00.02 Federally Assisted Housing........          17          35
00.03 Operation Safe Home...............          22          30
00.04 New Approach Anti-Drug Program....          18          51
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................         440         518
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         322         209
                                           ---------   ---------  ----------
21.99   Total unobligated balance 
          carried forward, start of year         322         209
22.00 New budget authority (gross)......         310         309
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          17
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         649         518
23.95 Total new obligations.............        -440        -518
24.40 Unobligated balance carried 
        forward, end of year............         209
                                           ---------   ---------  ----------
24.99   Total unobligated balance 
          carried forward, end of year..         209
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         310         310
40.77   Reduction pursuant to P.L. 106-
          554 (0.22 percent)............                      -1
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         310         309
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................         316         451         653
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................         316         451         653
73.10 Total new obligations.............         440         518

[[Page 487]]

73.20 Total outlays (gross).............        -288        -317        -313
73.45 Recoveries of prior year 
        obligations.....................         -17
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.         451         653         340
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year         451         653         340
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.93 Outlays from discretionary 
        balances........................         288         317         313
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         310         309
90.00 Outlays...........................         288         317         313
---------------------------------------------------------------------------

    The Public Housing Drug Elimination Grants program was authorized in 
1988 and provided funds to Public Housing Authorities (PHAs) and 
Tribally Designated Housing Entities (TDHEs) for their anti-drug, and 
anti-crime efforts. Eligible activities included reimbursing local law 
enforcement for additional services, security contracts, investigators, 
and training residents for volunteer resident programs.

    The Budget terminates the Public Housing Drug Elimination program 
because the same types of activities (e.g., security patrols and better 
lighting) are eligible under the Public Housing Operating and Capital 
programs. The program was found to have limited impact; current 
regulatory tools, such as eviction, are effective in reducing drug-
related crime in public housing; and finally, fighting crime and drugs 
is not directly related to HUD's core mission--it is the mission of 
federal law enforcement and other agencies whose programs help combat 
illegal drugs and crime in public housing communities.

                                

     Revitalization of Severely Distressed Public Housing (Hope VI)

    For grants to public housing agencies for demolition, site 
revitalization, replacement housing, and tenant-based assistance grants 
to projects as authorized by section 24 of the United States Housing Act 
of 1937, [$575,000,000] $573,735,000 to remain available until expended, 
of which the Secretary may use up to [$10,000,000] $5,000,000 for 
technical assistance and contract expertise, to be provided directly or 
indirectly by grants, contracts or cooperative agreements, including 
training and cost of necessary travel for participants in such training, 
by or to officials and employees of the department and of public housing 
agencies and to residents: Provided, That none of such funds shall be 
used directly or indirectly by granting competitive advantage in awards 
to settle litigation or pay judgments, unless expressly permitted 
herein. (Departments of Veterans Affairs and Housing and Urban 
Development, and Independent Agencies Appropriations Act, 2001, as 
enacted by section 1(a)(1) of P.L. 106-377.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0218-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........         595       1,234         569
00.02 Technical Assistance..............                                   5
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................         595       1,234         574
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         680         660
22.00 New budget authority (gross)......         575         574         574
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       1,255       1,234         574
23.95 Total new obligations.............        -595      -1,234        -574
24.40 Unobligated balance carried 
        forward, end of year............         660
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         575         575         574
40.77   Reduction pursuant to P.L. 106-
          554 (0.22 percent)............                      -1
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         575         574         574
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................       2,198       2,413       3,188
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................       2,198       2,413       3,188
73.10 Total new obligations.............         595       1,234         574
73.20 Total outlays (gross).............        -379        -460        -552
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.       2,413       3,188       3,210
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year       2,413       3,188       3,210
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.93 Outlays from discretionary 
        balances........................         379         460         552
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         575         574         574
90.00 Outlays...........................         379         460         552
---------------------------------------------------------------------------

    This program utilizes Federal resources to rehabilitate and restore 
severely distressed public housing projects, thereby expanding the 
supply of decent, safe, and affordable housing for low-income renters. 
The funds will be used for project demolition, hard replacement units, 
as well as tenant-based rental assistance.

                                

                  Native American Housing Block Grants

                      (including transfer of funds)

    For the Native American Housing Block Grants program, as authorized 
under title I of the Native American Housing Assistance and Self-
Determination Act of 1996 (NAHASDA) (Public Law 104-330), [$650,000,000] 
$648,570,000, to remain available until expended, of which [$6,000,000] 
$5,000,000 shall be to support the inspection of Indian housing units, 
contract expertise, training, and technical assistance in the training, 
oversight, and management of Indian housing and tenant-based assistance, 
including up to $300,000 for related travel ; and of which up to 
$3,000,000 shall be for information technology: Provided, That of the 
amount provided under this heading, [$6,000,000] $5,987,000 shall be 
made available for the cost of guaranteed notes and other obligations, 
as authorized by title VI of NAHASDA: Provided further, That such costs, 
including the costs of modifying such notes and other obligations, shall 
be as defined in section 502 of the Congressional Budget Act of 1974, as 
amended: Provided further, That these funds are available to subsidize 
the total principal amount of any notes and other obligations, any part 
of which is to be guaranteed, not to exceed [$54,600,000] $52,726,000: 
Provided further, That for administrative expenses to carry out the 
guaranteed loan program, up to $150,000 from amounts in the first 
proviso, which shall be transferred to and merged with the appropriation 
for ``Salaries and expenses'', to be used only for the administrative 
costs of these guarantees[: Provided further, That of the amount 
provided in this heading, $2,000,000 shall be transferred to the Working 
Capital Fund for development and maintaining information technology 
systems]. (Departments of Veterans Affairs and Housing and Urban 
Development, and Independent Agencies Appropriations Act, 2001, as 
enacted by section 1(a)(1) of P.L. 106-377.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0313-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Indian Housing Block Grants.......         617         790         635
00.02 Title VI Loan Guarantee Subsidy...                      23           6
00.03 Technical Assistance..............           8           9           5
00.04 Working Capital Fund..............                       2
00.05 Information Technology............                                   3
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................         625         824         649
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         175         175
22.00 New budget authority (gross)......         620         649         649
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           5
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         800         824         649

[[Page 488]]

23.95 Total new obligations.............        -625        -824        -649
24.40 Unobligated balance carried 
        forward, end of year............         175
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         620         650         649
40.77   Reduction pursuant to P.L. 106-
          554 (0.22 percent)............                      -1
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         620         649         649
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................       1,105       1,082       1,200
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................       1,105       1,082       1,200
73.10 Total new obligations.............         625         824         649
73.20 Total outlays (gross).............        -643        -707        -669
73.45 Recoveries of prior year 
        obligations.....................          -5
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.       1,082       1,200       1,180
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year       1,082       1,200       1,180
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          79         204         205
86.93 Outlays from discretionary 
        balances........................         564         503         464
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         643         707         669
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         620         649         649
90.00 Outlays...........................         643         707         669
---------------------------------------------------------------------------

  Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program   
                          (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0313-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Guaranteed loan levels supportable by subsidy 
                budget authority:
2150  Loan guarantee levels.............           2          55          53
                                           ---------   ---------  ----------
2159    Total loan guarantee levels.....           2          55          53
    Guaranteed loan subsidy (in percent):
2320  Subsidy rate......................       11.07       11.07       11.07
                                           ---------   ---------  ----------
2329    Weighted average subsidy rate...       11.07       11.07       11.07
    Guaranteed loan subsidy budget authority:
2330  Subsidy budget authority..........                       6           6
                                           ---------   ---------  ----------
2339    Total subsidy budget authority..                       6           6
    Guaranteed loan subsidy outlays:
2340  Subsidy outlays...................                       1           3
                                           ---------   ---------  ----------
2349    Total subsidy outlays...........                       1           3
---------------------------------------------------------------------------

    Title I of the Native American Housing Assistance and Self-
Determination Act (NAHASDA) of 1996 (P.L. 104-330) authorized the Native 
American Housing Block Grant program. This program provides an 
allocation of funds on a formula basis to Indian tribes and their 
tribally designated housing entities to help them address housing needs 
within their communities. Indian tribes use performance measures and 
benchmarks that are consistent with the national goals of the program 
but can base these measures on the needs and priorities they establish 
in their own Indian housing plan.

    The Native American Housing Block Grant program includes a 
guaranteed loan provision (Title VI). A guarantee level of $53 million 
is proposed for this loan guarantee program for 2002. The subsidy rate 
for this program is set at 11.07 percent with a federal guarantee of 80 
percent. A primary goal of the Title VI program is to encourage private 
lenders to provide financing in Indian country. Therefore, the program 
provides for the federal guarantee of notes or other obligations issued 
by Indian tribes or tribally designated housing entities for the purpose 
of financing affordable housing activities described in section 202 of 
the Act.

    As required by the Federal Credit Reform Act of 1990, this account 
records, for this program, the subsidy costs associated with the loan 
guarantees committed in 1998 and beyond (including modifications of 
guarantees that resulted from obligations in any given year), as well as 
administrative expenses of this program. The subsidy amounts are 
estimated on a present value basis; the administrative expenses are 
estimated on a cash basis.

                                

Public enterprise funds:

            Low-Rent Public Housing--Loans and Other Expenses

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4098-0-3-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.01 Reimbursable program: Capital 
        investment loans to PHAs........           9          40          40
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 33.0)...................           9          40          40
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          20          20
22.00 New budget authority (gross)......         104         110         124
22.60 Portion applied to repay debt.....         -95         -90         -71
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          29          40          53
23.95 Total new obligations.............          -9         -40         -40
24.40 Unobligated balance carried 
        forward, end of year............          20                      13
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

67.15   Authority to borrow (indefinite)          25          40          40
69.00 Offsetting collections (cash).....          79          70          84
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         104         110         124
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................         866         772         702
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................         866         772         702
73.10 Total new obligations.............           9          40          40
73.20 Total outlays (gross).............        -103        -110        -124
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.         772         702         618
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year         772         702         618
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................          24         110         124
86.98 Outlays from mandatory balances...          79
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         103         110         124
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............         -71         -70         -84
88.40     Non-Federal sources...........          -8
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........         -79         -70         -84
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          25          40          40
90.00 Outlays...........................          24          40          40
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4098-0-3-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........       1,421       1,350       1,279
1251  Repayments: Repayments and 
        prepayments.....................         -71         -71         -71
                                           ---------   ---------  ----------
1290    Outstanding, end of year........       1,350       1,279       1,208
---------------------------------------------------------------------------

[[Page 489]]



             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4098-0-3-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........       3,026       2,742       2,458
2251  Repayments and prepayments........        -284        -284        -284
                                           ---------   ---------  ----------
2290    Outstanding, end of year........       2,742       2,458       2,174
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..       2,742       2,458       2,174
---------------------------------------------------------------------------

    The Low-Rent Public Housing Loan Fund provides direct Federal loans 
to fund remaining Public Housing Agency and Indian Housing Authority 
construction, acquisition, and modernization activities reserved under 
the Annual Contributions appropriation through 1986. These loans are 
made from borrowings from the Treasury. Under legislation enacted during 
1986 (Public Law 99-272), the borrowings from the Treasury are forgiven 
at the end of each fiscal year and the loans to PHAs/IHAs are forgiven 
as construction, acquisition, and modernization activities are 
completed. Under the provisions of this legislation, $25 million of 
borrowings from the Treasury were forgiven in 2000, an estimated $40 
million will be borrowed from the Treasury and forgiven in 2001, and an 
estimated $40 million will be borrowed from the Treasury and forgiven in 
2002.

    Since 1987, new reservations of capital funds for construction, 
acquisition, and modernization activities have been provided directly 
from the Public Housing Capital Fund appropriations.

    Operating results.--The actual and estimated net operating income 
for 1999, 2000, 2001 and 2002 follows:

                        Statement of Operations (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4098-0-3-604    1999 actual    2000 actual     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
0101  Revenue...........................         100            102           100            100
0102  Expense...........................         -91            -99           -99            -99
                                        ------------ --------------  ------------  -------------
0105  Net income or loss (-)............           9              3             1              1
-----------------------------------------------------------------------------------------------

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4098-0-3-604    1999 actual    2000 actual     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................         886            792           792            792
      Net value of assets related to 
          pre-1992 direct loans 
          receivable and acquired 
          defaulted guaranteed loans 
          receivable:

1601    Direct loans, gross.............       1,447          1,359         1,359          1,359
1602    Interest receivable.............          89             85            85             85
1603    Allowance for estimated 
          uncollectible loans and 
          interest (-)..................         -12             -2            -2             -2
                                        ------------ --------------  ------------  -------------
1604      Direct loans and interest 
            receivable, net.............       1,524          1,442         1,442          1,442
                                        ------------ --------------  ------------  -------------
1699      Value of assets related to 
            direct loans................       1,524          1,442         1,442          1,442
                                        ------------ --------------  ------------  -------------
1999    Total assets....................       2,410          2,234         2,234          2,234
    LIABILITIES:
      Federal liabilities:

2102    Interest payable................         173            164           164            164
2104    Resources payable to Treasury...       1,420          1,348         1,348          1,348
2207  Non-Federal liabilities: Other....         -15              2             2              2
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............       1,578          1,514         1,514          1,514
    NET POSITION:
3100  Appropriated capital..............         821            705           705            705
3300  Cumulative results of operations..          11             15            15             15
                                        ------------ --------------  ------------  -------------
3999    Total net position..............         832            720           720            720
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position       2,410          2,234         2,234          2,234
-----------------------------------------------------------------------------------------------

                                

Credit accounts:

           Indian Housing Loan Guarantee Fund Program Account

                      (including transfer of funds)

    For the cost of guaranteed loans, as authorized by section 184 of 
the Housing and Community Development Act of 1992 (106 Stat. 3739), 
[$6,000,000] $5,987,000, to remain available until expended: Provided, 
That such costs, including the costs of modifying such loans, shall be 
as defined in section 502 of the Congressional Budget Act of 1974, as 
amended: Provided further, That these funds are available to subsidize 
total loan principal, any part of which is to be guaranteed, not to 
exceed [$71,956,000] $234,283,000.
    In addition, for administrative expenses to carry out the guaranteed 
loan program, up to $200,000 from amounts in the first paragraph, which 
shall be transferred to and merged with the appropriation for ``Salaries 
and expenses'', to be used only for the administrative costs of these 
guarantees. (Departments of Veterans Affairs and Housing and Urban 
Development, and Independent Agencies Appropriations Act, 2001, as 
enacted by section 1(a)(1) of P.L. 106-377.)

        General Fund Credit Receipt Accounts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0223-0-1-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
0101  Indian housing loan guarantee 
        fund, downward reestimates of 
        subsidies.......................                       6
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0223-0-1-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.02 Guaranteed loan subsidy...........           2           6           6
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................           2           6           6
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          13          17          17
22.00 New budget authority (gross)......           6           6           6
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          19          23          23
23.95 Total new obligations.............          -2          -6          -6
24.40 Unobligated balance carried 
        forward, end of year............          17          17          17
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................           6           6           6
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................           3           3           6
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................           3           3           6
73.10 Total new obligations.............           2           6           6
73.20 Total outlays (gross).............          -2          -3          -7
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.           3           6           5
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year           3           6           5
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................           1           1           1
86.93 Outlays from discretionary 
        balances........................           1           2           6
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........           2           3           7
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................           6           6           6
90.00 Outlays...........................           2           3           7
---------------------------------------------------------------------------

  Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program   
                          (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0223-0-1-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Guaranteed loan levels supportable by subsidy 
                budget authority:
2150  Loan guarantee levels.............          15          72         234
                                           ---------   ---------  ----------
2159    Total loan guarantee levels.....          15          72         234
    Guaranteed loan subsidy (in percent):
2320  Subsidy rate......................        8.13        8.13        2.47
                                           ---------   ---------  ----------

[[Page 490]]


2329    Weighted average subsidy rate...        8.13        8.13        2.47
    Guaranteed loan subsidy budget authority:
2330  Subsidy budget authority..........           1           6           6
2330  Reestimation Subsidy budget 
        authority.......................                      -6
                                           ---------   ---------  ----------
2339    Total subsidy budget authority..           1                       6
    Guaranteed loan subsidy outlays:
2340  Subsidy outlays...................           2           2           3
2340  Reestimate Subsidy Outlays........                      -6
                                           ---------   ---------  ----------
2349    Total subsidy outlays...........           2          -4           3
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this account 
records, for this program, the subsidy costs associated with the loan 
guarantees committed in 1992 and beyond (including modifications of 
guarantees that resulted from obligations in any year). The subsidy 
amounts are estimated on a net present value basis. The administrative 
expenses are shown on a cash basis.

    This program provides access to sources of private financing for 
Indian families, Indian tribes, and their tribally designated housing 
entities who otherwise could not acquire housing financing because of 
the unique legal status of Indian trust land.

                                

          Indian Housing Loan Guarantee Fund Financing Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4104-0-3-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
08.02 Re-estimate.......................                       5
08.04 Interest on re-estimate...........                       1
                                           ---------   ---------  ----------
10.00   Total new obligations...........                       6
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           6           8           4
22.00 New financing authority (gross)...           2           2           3
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......           8          10           7
23.95 Total new obligations.............                      -6
24.40 Unobligated balance carried 
        forward, end of year............           8           4           7
----------------------------------------------------------------------------

    New financing authority (gross), detail:
      Discretionary:

68.00   Spending authority from 
          offsetting collections 
          (gross): Federal sources......           2           2           3
----------------------------------------------------------------------------

    Change in unpaid obligations:
73.10 Total new obligations.............                       6
73.20 Total financing disbursements 
        (gross).........................                      -6
87.00 Total financing disbursements 
        (gross).........................                       6
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.00     Federal sources: Payments from 
            program account.............          -2          -2          -3
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........          -2          -2          -3
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............
90.00 Financing disbursements...........          -2           4          -3
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4104-0-3-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on commitments:
2111  Limitation on guaranteed loans 
        made by private lenders.........         135          72         234
2112  Uncommitted loan guarantee 
        limitation......................        -120         -49
                                           ---------   ---------  ----------
2150    Total guaranteed loan 
          commitments...................          15          23         234
2199  Guaranteed amount of guaranteed 
        loan commitments................          15          23         234
----------------------------------------------------------------------------

    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........          47          60          75
2231  Disbursements of new guaranteed 
        loans...........................          18          18          18
2251  Repayments and prepayments........          -5          -3          -3
2263  Adjustments: Terminations for 
        default that result in claim 
        payments........................                                  -1
                                           ---------   ---------  ----------
2290    Outstanding, end of year........          60          75          89
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..          60          75          89
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from the loan guarantees committed in 1992 and beyond 
(including modifications of loan guarantees that resulted from 
obligations in any year). The amounts in this account are a means of 
financing and are not included in the budget totals. As required by the 
Federal Credit Reform Act of 1990, no administrative expenses can be 
recorded in the financing account.

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4104-0-3-604    1999 actual    2000 actual     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................           6              8             8              6
                                        ------------ --------------  ------------  -------------
1999    Total assets....................           6              8             8              6
    LIABILITIES:
2204  Non-Federal liabilities: 
        Liabilities for loan guarantees.           6              8             8              6
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............           6              8             8              6
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position           6              8             8              6
-----------------------------------------------------------------------------------------------

                                

          Title VI Indian Federal Guarantees Financing Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4244-0-3-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........                                   1
22.00 New financing authority (gross)...                       1           3
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......                       1           4
24.40 Unobligated balance carried 
        forward, end of year............                       1           4
----------------------------------------------------------------------------

    New financing authority (gross), detail:
      Spending authority from offsetting 
          collections:

        Discretionary:
68.00     Offsetting collections (cash).                       1           3
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....                       1           3
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............                      -1          -3
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........                      -1          -3
----------------------------------------------------------------------------

[[Page 491]]



    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............
90.00 Financing disbursements...........                      -1          -3
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4244-0-3-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on commitments:
2111  Limitation on guaranteed loans 
        made by private lenders.........          55          55          53
2112  Uncommitted loan guarantee 
        limitation......................         -53
                                           ---------   ---------  ----------
2150    Total guaranteed loan 
          commitments...................           2          55          53
----------------------------------------------------------------------------

    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........                       1          15
2231  Disbursements of new guaranteed 
        loans...........................           1          15          41
2251  Repayments and prepayments........                      -1          -3
                                           ---------   ---------  ----------
2290    Outstanding, end of year........           1          15          53
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..           1          15          53
---------------------------------------------------------------------------

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4244-0-3-604    1999 actual    2000 actual     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................                                        1              3
                                        ------------ --------------  ------------  -------------
1999    Total assets....................                                        1              3
    NET POSITION:
3100  Appropriated capital..............                                        1              3
                                        ------------ --------------  ------------  -------------
3999    Total net position..............                                        1              3
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position                                        1              3
-----------------------------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from loan guarantees committed in 1992 and beyond (including 
modifications of loan guarantees that resulted from commitments in any 
year). The amounts in this account are a means of financing and are not 
included in the budget totals. As required by the Federal Credit Reform 
Act of 1990, no administrative expenses can be recorded in the financing 
account.

                                


 
                   COMMUNITY PLANNING AND DEVELOPMENT

                              Federal Funds

General and special funds:

               Housing Opportunities for Persons with AIDS

    For carrying out the Housing Opportunities for Persons with AIDS 
program, as authorized by the AIDS Housing Opportunity Act (42 U.S.C. 
12901), [$258,000,000] $277,432,000, to remain available until expended: 
Provided, That the Secretary shall renew all expiring contracts that 
were funded under section 854(c)(3) of such Act that meet all program 
requirements before awarding funds for new contracts and activities 
authorized under this section: Provided further, That the Secretary may 
use up to [1 percent] $2,000,000 of the funds under this heading for 
training, oversight, and technical assistance activities. (Departments 
of Veterans Affairs and Housing and Urban Development, and Independent 
Agencies Appropriations Act, 2001, as enacted by section 1(a)(1) of P.L. 
106-377.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0308-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Housing for AIDs victims..........         220         326         277
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................         220         326         277
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          57          69
22.00 New budget authority (gross)......         232         257         277
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           1
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         290         326         277
23.95 Total new obligations.............        -220        -326        -277
24.40 Unobligated balance carried 
        forward, end of year............          69
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         232         258         277
40.77   Reduction pursuant to P.L. 106-
          554 (0.22 percent)............                      -1
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         232         257         277
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................         436         441         551
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................         436         441         551
73.10 Total new obligations.............         220         326         277
73.20 Total outlays (gross).............        -215        -216        -219
73.45 Recoveries of prior year 
        obligations.....................          -1
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.         441         551         609
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year         441         551         609
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................           1           5           6
86.93 Outlays from discretionary 
        balances........................         214         211         213
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         215         216         219
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         232         257         277
90.00 Outlays...........................         215         216         219
---------------------------------------------------------------------------

    The Housing Opportunities for Persons with AIDS program provides 
States and localities with resources and incentives to devise long-term 
comprehensive strategies for meeting the housing needs of persons with 
HIV/AIDS and their families.

    Up to $2 million is used for technical assistance to grantees. 
States and metropolitan areas receive 90 percent of the remaining funds 
by formula based on the incidence of HIV/AIDS in their jurisdictions. 
The final 10 percent is awarded competitively to States, local 
governments, and private nonprofit entities for projects of national 
significance. Awards are also made to States and local governments for 
projects in jurisdictions which do not qualify for a formula allocation. 
The requested funding for 2002 will support approximately 53,100 housing 
units for persons with HIV/AIDS and their families.

                                

                Community Development [Fund] Block Grants

    For assistance to units of State and local government, and to other 
entities, for economic and community development activities, and for 
other purposes, [$5,057,550,000] $4,701,993,000 to remain available 
until September 30, 2004: Provided, That of the amount provided, 
[$4,409,000,000] $4,399,300,000 is for carrying out the community 
development block grant program under title I of the Housing and 
Community Development Act of 1974, as amended (the ``Act'' herein) (42 
U.S.C. 5301)[, to remain available until September 30, 2003] : Provided 
further, That [$71,000,000] $69,000,000 shall be for grants to Indian 
tribes notwithstanding section 106(a)(1) of such Act, [$3,000,000] of 
which up to $1,250,000 shall be to implement and support Native American 
Economic Development Access Center, $2,993,000 shall be available as a 
grant to the Housing Assistance Council, [$2,600,000] $2,200,000 shall 
be available as a grant to the National American Indian Housing Council, 
$2,993,000 shall be for support of Alaska Native and Native Hawaiian 
Serving Institutions, as defined under the Higher Education Act, as 
amended, and $2,993,000 shall be available to Tribal Colleges and 
Universities to build, expand, renovate, and equip their facilities 
[$10,000,000 shall

[[Page 492]]

be available as a grant to the National Housing Development Corporation, 
for operating expenses not to exceed $2,000,000 and for a program of 
affordable housing acquisition and rehabilitation], and [$45,500,000] 
$38,424,000 shall be for grants pursuant to section 107 of the Act [of 
which $3,000,000 shall be made available to support Alaska Native 
serving institutions and native Hawaiian serving institutions, as 
defined under the Higher Education Act, as amended, and of which 
$3,000,000 shall be made available to tribal colleges and universities 
to build, expand, renovate, and equip their facilities]: Provided 
further, That not to exceed 20 percent of any grant made with funds 
appropriated herein (other than a grant made available in this paragraph 
to the Housing Assistance Council or the National American Indian 
Housing Council, or a grant using funds under section 107(b)(3) of the 
Housing and Community Development Act of 1974, as amended) shall be 
expended for ``Planning and Management Development'' and 
``Administration'' as defined in regulations promulgated by the 
department: Provided further, That up to [That $15,000,000] $18,000,000 
shall be transferred to the Working Capital Fund for the development and 
maintenance of information technology systems: Provided further, That 
[$20,000,000] $21,956,000 shall be for grants pursuant to the Self Help 
Housing Opportunity Program.
    Of the amount made available under this heading, [$28,450,000] 
$29,387,000 shall be made available for capacity building, of which 
[$25,000,000] $24,945,000 shall be made available for ``Capacity 
Building for Community Development and Affordable Housing'', for LISC 
and the Enterprise Foundation for activities as authorized by section 4 
of the HUD Demonstration Act of 1993 (Public Law 103-120), as in effect 
immediately before June 12, 1997, of which not less than [$5,000,000] 
$4,989,000 of the funding shall be used in rural areas, including tribal 
areas, and of which [$3,450,000] $4,442,000 shall be made available for 
capacity building activities administered by Habitat for Humanity 
International.
    Of the amount made available under this heading, the Secretary of 
Housing and Urban Development may use up to [$55,000,000] $54,879,000 
for supportive services for public housing residents, as authorized by 
section 34 of the United States Housing Act of 1937, as amended, and for 
residents of housing assisted under the Native American Housing 
Assistance and Self-Determination Act of 1996 (NAHASDA) and for grants 
for service coordinators and congregate services for the elderly and 
disabled residents of public and assisted housing and housing assisted 
under NAHASDA.
    [Of the amount made available under this heading, $44,000,000 shall 
be available for neighborhood initiatives that are utilized to improve 
the conditions of distressed and blighted areas and neighborhoods, to 
stimulate investment, economic diversification, and community 
revitalization in areas with population outmigration or a stagnating or 
declining economic base, or to determine whether housing benefits can be 
integrated more effectively with welfare reform initiatives: Provided, 
that any unobligated balances of amounts set aside for neighborhood 
initiatives in fiscal years 1998, 1999, and 2000 may be utilized for any 
of the foregoing purposes: Provided further, That these grants shall be 
provided in accord with the terms and conditions specified in the 
statement of managers accompanying this conference report.]
    Of the amount made available under this heading, $80,000,000 is for 
grants to create or expand community technology centers in high poverty 
urban communities and to provide technical assistance to those centers.
    Of the amount made available under this heading, $20,000,000 is for 
competitive grants to community-based, civic, and religiously affiliated 
organizations which are exempt from the Americans with Disabilities Act 
and which have limited resources: Provided, That these grants shall be 
to make facilities of these organizations accessible to the disabled.
    Of the amount made available under this heading, notwithstanding any 
other provision of law, [$60,000,000] $59,868,000 shall be available for 
YouthBuild program activities authorized by subtitle D of title IV of 
the Cranston-Gonzalez National Affordable Housing Act, as amended, and 
such activities shall be an eligible activity with respect to any funds 
made available under this heading: Provided, That local YouthBuild 
programs that demonstrate an ability to leverage private and nonprofit 
funding shall be given a priority for YouthBuild funding: Provided 
further, That no more than ten percent of any grant award may be used 
for administrative costs: Provided further, That not less than 
[$10,000,000] $9,978,000 shall be available for grants to establish 
YouthBuild programs in underserved and rural areas: Provided further, 
That of the amount provided under this paragraph, [$4,000,000] 
$2,000,000 shall be set aside and made available for a grant to 
Youthbuild USA for capacity building for community development and 
affordable housing activities as specified in section 4 of the HUD 
Demonstration Act of 1993, as amended.
    [Of the amounts made available under this heading, $2,000,000 shall 
be available to the Utah Housing Finance Agency for the temporary use of 
relocatable housing during the 2002 Winter Olympic Games provided such 
housing is targeted to the housing needs of low-income families after 
the Games.]
    [Of the amount made available under this heading, $292,000,000 shall 
be available for grants for the Economic Development Initiative (EDI) to 
finance a variety of targeted economic investments in accordance with 
the terms and conditions specified in the statement of managers 
accompanying this conference report.]
    [For the cost of guaranteed loans, $29,000,000, as authorized by 
section 108 of the Housing and Community Development Act of 1974: 
Provided, That such costs, including the cost of modifying such loans, 
shall be as defined in section 502 of the Congressional Budget Act of 
1974, as amended: Provided further, That these funds are available to 
subsidize total loan principal, any part of which is to be guaranteed, 
not to exceed $1,261,000,000, notwithstanding any aggregate limitation 
on outstanding obligations guaranteed in section 108(k) of the Housing 
and Community Development Act of 1974: Provided further, That in 
addition, for administrative expenses to carry out the guaranteed loan 
program, $1,000,000, which shall be transferred to and merged with the 
appropriation for ``Salaries and expenses''.] (Departments of Veterans 
Affairs and Housing and Urban Development, and Independent Agencies 
Appropriations Act, 2001, as enacted by section 1(a)(1) of P.L. 106-
377.)
    [For an additional amount for ``Community development fund'', 
$66,128,000 to remain available until September 30, 2003.]
    [The referenced statement of the managers in the seventh 
undesignated paragraph under this heading in title II of the Departments 
of Veterans Affairs and Housing and Urban Development, and Independent 
Agencies Appropriations Act, 2001 (Public Law 106-377) is deemed to be 
amended by striking ``West Dallas neighborhoods'' in reference to 
improvement efforts by the Pleasant Wood/Pleasant Grove Community 
Development Corporation, and inserting ``the Pleasant Grove area'' in 
lieu thereof.]
    [The unobligated amount appropriated in the third paragraph under 
the heading ``Community development block grants'' in Chapter 8 of title 
II of the Emergency Supplemental Act, 2000 (Public Law 106-246) for a 
grant to the City of Hamlet, North Carolina for demolition and removal 
of buildings and equipment destroyed by fire shall remain available 
until September 30, 2002 for a grant for such purpose to the County of 
Richmond, North Carolina.]
    [The seventh paragraph under this heading in title II of Public Law 
106-377 is amended by striking ``$292,000,000'' and inserting in lieu 
thereof $358,128,000'': Provided, That such funds shall be available for 
grants for the Economic Development Initiative (EDI) to finance a 
variety of targeted economic investments in accordance with the terms 
and conditions specified in the statement of managers accompanying this 
conference report.] (Division A, Miscellaneous Appropriations Act, 2001, 
as enacted by section 1(a)(4) of P.L. 106-554.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0162-0-1-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Community development.............       4,854       5,996       4,702
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................       4,854       5,996       4,702
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         931         883
22.00 New budget authority (gross)......       4,809       5,113       4,702
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           3
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       5,743       5,996       4,702
23.95 Total new obligations.............      -4,854      -5,996      -4,702
23.98 Unobligated balance expiring or 
        withdrawn.......................          -5
24.40 Unobligated balance carried 
        forward, end of year............         883
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................       4,800       5,124       4,702

[[Page 493]]

40.15   Appropriation (emergency).......          28
40.76   Reduction pursuant to P.L. 106-
          113...........................         -19
40.77   Reduction pursuant to P.L. 106-
          554 (0.22 percent)............                     -11
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............       4,809       5,113       4,702
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................       9,013       9,074      10,130
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................       9,013       9,074      10,130
73.10 Total new obligations.............       4,854       5,996       4,702
73.20 Total outlays (gross).............      -4,955      -4,940      -5,036
73.31 Obligated balance transferred to 
        other accounts..................         -99
73.32 Obligated balance transferred from 
        other accounts..................         269
73.40 Adjustments in expired accounts 
        (net)...........................          -4
73.45 Recoveries of prior year 
        obligations.....................          -3
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.       9,074      10,130       9,796
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year       9,074      10,130       9,796
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         100         102          94
86.93 Outlays from discretionary 
        balances........................       4,855       4,838       4,940
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........       4,955       4,940       5,036
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................       4,809       5,113       4,702
90.00 Outlays...........................       4,955       4,940       5,036
---------------------------------------------------------------------------

                 Summary of Budget Authority and Outlays

                        (in millions of dollars)

                                     2000 actual  2001 est.   2002 est.
Enacted/requested:
  Budget Authority..................       4,809       5,113       4,702
  Outlays...........................       4,955       4,940       5,034
Legislative proposal, not subject to 
    PAYGO:
  Budget Authority..................                                 100
  Outlays...........................                                  10
                                    ------------------------------------
Total:
  Budget Authority..................       4,809       5,113       4,802
  Outlays...........................       4,955       4,940       5,044
                                    ====================================

    Title I of the Housing and Community Development Act of 1974, as 
amended, authorizes the Secretary to make grants to units of general 
local government under the Community Development Block Grant (CDBG) 
program and States to fund local community development programs.

    The 2002 Budget allocates $69 million to Indian tribes as authorized 
by Section 106(a)(1) of the Housing and Community Development Act of 
1974. Since its inception, funds made available to Native American 
communities have supported a wide variety of community development 
activities, predominantly, but not exclusively, community facilities, 
infrastructure and buildings to help meet the basic needs of low and 
moderate income community members. Since the vast majority of eligible 
tribes and Alaska Native Villages have non-existent tax bases, this 
program has helped to finance those public facilities needed to maintain 
or establish community viability. While it has had a significant impact 
on many Native American communities throughout the Nation, basic 
community development needs throughout Indian Country remain 
substantial.

    Seventy percent of CDBG formula funds are allocated to metropolitan 
cities and urban counties that receive their grants using the higher of 
two objective formulas. States and small cities receive 30 percent of 
the formula funds. The proposed level of funding for CDBG and the 
Section 108 Loan Guarantee Program will support an estimated 114,379 and 
30,000 jobs, respectively. These funds will also help to rehabilitate 
161,336 housing units.

    Section 107 Grants include funding for Insular Areas, management 
information systems support, Historically Black Colleges and 
Universities, Hispanic serving Institutions, the Community Development 
Work Study and Community Outreach Partnership Centers (COPC) programs.

    The Budget provides $80,000,000 for the new Community Technology 
Centers initiative which will enhance the existing Department of 
Education CTC program and expand the HUD Neighborhood Networks effort, 
by providing competitive grants to create or expand community technology 
centers in high poverty urban communities and provide technical 
assistance to those centers. This Community Technology Centers program 
will be administered by HUD. Eligible applicants will include State 
educational agencies, local educational agencies, institutions of higher 
education, for-profit businesses, public or private non-profit 
organizations, or a consortium of such entities that have the capacity 
to expand access to computers and related services in eligible 
communities.

    The Budget provides $20,000,000 for a new Improving Access 
Initiative that will provide grants to Americans with Disabilities Act-
exempt community-based, civic, and religiously affiliated organizations 
with limited resources. These ADA-exempt organizations will be eligible 
to compete for grants to make their facilities accessible to the 
disabled.

    As authorized by Section 4 of the HUD Demonstration Act of 1993, the 
National Community Development Initiative (NCDI) helps build capacity of 
community-based development corporations and housing development 
organizations, and assist such corporations and organizations to carry 
out community development and affordable housing activities. The 2002 
Budget includes $29 million for this program. In addition, $3.4 million 
is set aside for Habitat for Humanity capacity building programs. Both 
programs will target their efforts to increasing minority homeownership.

    The Youthbuild program provides resources to educate, train and 
supply stipends for economically disadvantaged young adults through 
their participation in the construction and rehabilitation of housing 
for low-income and homeless persons. The program expands the supply of 
affordable housing and, at the same time, enables high school drop-outs 
to obtain the education and employment skills necessary to achieve self-
sufficiency. The 2002 request for $60 million will provide more than 
3,774 young people with skills they need to obtain jobs. Funding of $23 
million is provided for the Self Help-Shop Program which is targeted at 
very low-income populations. In addition, $3 million each is provided 
for the Housing Assistance and Native American Indian Housing Councils 
to meet unserved rural and Native American housing needs.

    The 2002 Budget also includes $3 million in competitive grants to 
Tribal Colleges and Universities (TCU) to provide resources to build, 
expand, renovate and equip facilities. In addition, $3 million is 
provided to assist Alaska Native and Native Hawaiian Serving 
institutions. The Budget also provides $55 million for the Resident 
Opportunities and Self-Sufficiency program to help meet housing and 
related service needs to improve lives and communities served by public 
housing.

                                

                Community Development [Fund] Block Grants

              (Legislative Proposal, not subject to PAYGO)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0162-2-1-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Improving Access Initiative.......                                  20
00.02 Community Technology Centers......                                  80
                                           ---------   ---------  ----------
10.00   Total new obligations...........                                 100
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......                                 100
                                           ---------   ---------  ----------

[[Page 494]]


23.90   Total budgetary resources 
          available for obligation......                                 100
23.95 Total new obligations.............                                -100
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

        Appropriation:
40.00     Appropriation.................                                  20
40.00     Appropriation.................                                  80
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............                                 100
----------------------------------------------------------------------------

    Change in unpaid obligations:
73.10 Total new obligations.............                                 100
73.20 Total outlays (gross).............                                 -10
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.                                  90
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year                                  90
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................                                  10
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................                                 100
90.00 Outlays...........................                                  10
---------------------------------------------------------------------------

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0162-2-1-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

      Grants, subsidies, and contributions:

41.0    Grants, subsidies, and 
          contributions.................                                  20
41.0    Grants, subsidies, and 
          contributions.................                                  80
                                           ---------   ---------  ----------
99.9    Total new obligations...........                                 100
---------------------------------------------------------------------------

                                

                Empowerment Zones/Enterprise Communities

    For grants in connection with a second round of empowerment zones 
and enterprise communities, [$90,000,000] $150,000,000, to remain 
available until expended[: Provided, That $75,000,000 shall be available 
for the Secretary of Housing and Urban Development], for ``Urban 
Empowerment Zones'', as authorized in the Taxpayer Relief Act of 1997, 
including [$5,000,000] $10,000,000 for each empowerment zone for use in 
conjunction with economic development activities consistent with the 
strategic plan of each empowerment zone[: Provided further, That 
$15,000,000 shall be available to the Secretary of Agriculture for 
grants for designated empowerment zones in rural areas and for grants 
for designated rural enterprise communities]. (Departments of Veterans 
Affairs and Housing and Urban Development, and Independent Agencies 
Appropriations Act, 2001, as enacted by section 1(a)(1) of P.L. 106-
377.)
    [For an additional amount for ``Empowerment zones and enterprise 
communities'', $110,000,000, to remain available until expended: 
Provided, That $185,000,000 shall be available for urban empowerment 
zones, as authorized by the Taxpayer Relief Act of 1997, including 
$12,333,333 for each empowerment zone.] (Division A, Miscellaneous 
Appropriations Act, 2001, as enacted by section 1(a)(4) of P.L. 106-
554.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0315-0-1-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Develop urban sites...............          61         185         150
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................          61         185         150
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           7
22.00 New budget authority (gross)......          55         185         150
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          62         185         150
23.95 Total new obligations.............         -61        -185        -150
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          55         185         150
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................          39          93         229
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................          39          93         229
73.10 Total new obligations.............          61         185         150
73.20 Total outlays (gross).............          -7         -49         -92
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.          93         229         287
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year          93         229         287
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................                       4           3
86.93 Outlays from discretionary 
        balances........................           7          45          89
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........           7          49          92
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          55         185         150
90.00 Outlays...........................           7          49          92
---------------------------------------------------------------------------

    The goal of the Empowerment Zone (EZ) initiative is to revitalize 
city neighborhoods by attracting business development and providing 
employment opportunities to residents of empowerment zones. Grant funds 
will allow the 15 urban EZs that were authorized by the Taxpayer Relief 
Act of 1997, in accordance with their strategic plans, to create 
economic opportunity in America's distressed communities, with a special 
emphasis on stimulating job creation linked to welfare reform. Flexible 
grant funds will be used to integrate human capital needs with economic 
development initiatives. Empowerment Zone principals include a strategic 
vision for change, a community-based partnership, providing economic 
opportunity and sustainable community development.

    The VA HUD Appropriations Act of 2001 (P.L. 106-377 and P.L. 106-
554) provided $185 million for Round II Urban Empowerment Zones. The 
2002 Budget proposes $150 million for Round II urban Empowerment Zones 
that will bring the total funding for Round II urban EZs through 2002 to 
$435 million.

    Funding will be available for a broad range of activities aimed at 
assisting residents, businesses and organizations in urban EZs, 
including: community policing; health care; neighborhood development; 
brownfields clean-up and redevelopment; support for financing of capital 
projects; education; work force preparation and job creation efforts 
linked to welfare reform; leveraging private sector resources, repayment 
of debt financing by municipal bonds; financing of projects in 
conjunction with the Section 108 loan guarantee program and other 
economic development projects; support for project-based rental 
assistance; and, financing other housing activities.

    EZs are helping to stimulate billions of dollars in private 
investment, reviving inner city neighborhoods and supporting jobs, and 
helping families move from welfare to work.

    The Community Renewal and Tax Relief Act of 2000 (P.L. 106-554) 
authorized the designation of a third round of 7 urban and 2 rural 
empowerment zones. The Community Renewal and Tax Relief Act of 2000 also 
authorized the creation of a Renewal Communities program to be 
administered by HUD that will include 40 communities to be designated by 
competition by December 31, 2001.

                                

                        Brownfields Redevelopment

    For Economic Development Grants, as authorized by section 108(q) of 
the Housing and Community Development Act of 1974, as amended, for 
Brownfields redevelopment projects, $25,000,000, to remain

[[Page 495]]

available until expended: Provided, That the Secretary of Housing and 
Urban Development shall make these grants available on a competitive 
basis as specified in section 102 of the Department of Housing and Urban 
Development Reform Act of 1989. (Departments of Veterans Affairs and 
Housing and Urban Development, and Independent Agencies Appropriations 
Act, 2001, as enacted by section 1(a)(1) of P.L. 106-377.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0314-0-1-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Cleanup and develop contaminated 
        sites...........................          50          50          25
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................          50          50          25
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          50          25
22.00 New budget authority (gross)......          25          25          25
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          75          50          25
23.95 Total new obligations.............         -50         -50         -25
24.40 Unobligated balance carried 
        forward, end of year............          25
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          25          25          25
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................                      46          71
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................                      46          71
73.10 Total new obligations.............          50          50          25
73.20 Total outlays (gross).............          -4         -25         -30
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.          46          71          66
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year          46          71          66
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................                       1           1
86.93 Outlays from discretionary 
        balances........................           4          24          29
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........           4          25          30
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          25          25          25
90.00 Outlays...........................           4          25          30
---------------------------------------------------------------------------

    The Brownfields Redevelopment initiative provides competitive 
economic development grants in conjunction with Section 108 loan 
guarantees for qualified brownfield projects. Eligible communities are 
invited to submit proposals to return contaminated sites to productive 
and employment-generating uses, with an emphasis on creating substantial 
numbers of jobs for lower-income people in physically and economically 
distressed neighborhoods.

    Grants are made in accordance with section 108(q) selection criteria 
and such other criteria deemed appropriate for brownfield projects, 
including the extent to which an applicant is currently operating a 
brownfields program and is working with appropriate environmental 
regulatory agencies.

    The Brownfields Redevelopment initiative has received annual 
appropriations of $25 million since its inception in 1998. The 2002 
request of $25 million will enable communities to reclaim and redevelop 
approximately 25 Brownfield sites.

                                

                           Youthbuild Program

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0219-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................           2           1
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................           2           1
73.20 Total outlays (gross).............          -1          -1
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.           1
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year           1
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.93 Outlays from discretionary 
        balances........................           1           1
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................           1           1
---------------------------------------------------------------------------

    This program provides resources to educate, train, and provide 
stipends for economically disadvantaged young adults through their 
participation in the construction and rehabilitation of housing for low-
income and homeless persons. The program expands the supply of 
affordable housing and, at the same time, enables high school dropouts 
to obtain the education and employment skills necessary to achieve self-
sufficiency. The 2002 request of $60 million will provide more than 
3,774 young people with skills they need to get jobs. The Youthbuild 
program has been funded as a set-aside within the CDBG program since 
1996. The obligated balance and outlays shown above represent activity 
in the separate youthbuild account.

                                

                  HOME Investment Partnerships Program

                      (including transfer of funds)

    For the HOME investment partnerships program, as authorized under 
title II of the Cranston-Gonzalez National Affordable Housing Act, as 
amended, [$1,800,000,000] $1,796,040,000 to remain available until 
expended[: Provided, That] , of which $200,000,000 shall be for the 
Downpayment Assistance Initiative; of which up to $20,000,000 of these 
funds shall be available for Housing Counseling under section 106 of the 
Housing and Urban Development Act of 1968[: Provided further, That 
$17,000,000] ; and of which up to $22,000,000 shall be for information 
technology projects, including $20,000,000 that  shall be transferred to 
the Working Capital Fund for the development and maintenance of 
information technology systems. (Departments of Veterans Affairs and 
Housing and Urban Development, and Independent Agencies Appropriations 
Act, 2001, as enacted by section 1(a)(1) of P.L. 106-377.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0205-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 HOME grants.......................       1,644       1,985       1,796
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................       1,644       1,985       1,796
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         191         189
22.00 New budget authority (gross)......       1,636       1,796       1,796
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           6
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       1,833       1,985       1,796
23.95 Total new obligations.............      -1,644      -1,985      -1,796
24.40 Unobligated balance carried 
        forward, end of year............         189
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................       1,636       1,800       1,796
40.77   Reduction pursuant to P.L. 106-
          554 (0.22 percent)............                      -4
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............       1,636       1,796       1,796
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................       3,947       4,107       4,356
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................       3,947       4,107       4,356
73.10 Total new obligations.............       1,644       1,985       1,796
73.20 Total outlays (gross).............      -1,479      -1,736      -1,857

[[Page 496]]

73.45 Recoveries of prior year 
        obligations.....................          -6
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.       4,107       4,356       4,295
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year       4,107       4,356       4,295
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          19          36          36
86.93 Outlays from discretionary 
        balances........................       1,460       1,700       1,821
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........       1,479       1,736       1,857
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................       1,636       1,796       1,796
90.00 Outlays...........................       1,479       1,736       1,857
---------------------------------------------------------------------------

    The HOME Investment Partnerships program is authorized by the 
National Affordable Housing Act (P.L. 101-625). This program provides 
assistance to States and units of local government, through formula 
allocation, for the purpose of expanding the supply and affordability of 
housing. Eligible activities include acquisition, rehabilitation, and 
new construction of housing and tenant-based rental assistance. The 2002 
request will result in the production of 87,035 units of affordable 
housing through new construction, rehabilitation, or acquisition. In 
addition, tenant-based rental assistance will be provided for 10,350 
units.

    The Down Payment Assistance Initiative will assist approximately 
130,000 first-time low-income homebuyers.

    The HOME request also includes up to $22 million for information 
technology projects. Of this total, $20 million will be transferred to 
the Working Capital Fund. Funding for technical assistance is also 
included.

    Funding of $20 million for the Housing Counseling Assistance program 
is also proposed in this account. This program provides comprehensive 
housing counseling services, including pre-purchase, default, and renter 
counseling, to eligible homeowners and tenants. Up to three percent of 
these funds are set aside for housing counseling assistance for Native 
Americans.

    The Housing Counseling program was funded at $17.5 million as a HOME 
set-aside in 1999, $15 million in 2000, and $20 million in 2001. The 
2002 Budget proposes $20 million for housing counseling.

                                

                       Homeless Assistance Grants

                      (including transfer of funds)

    For the emergency shelter grants program (as authorized under 
subtitle B of title IV of the [Stewart B.] McKinney-Vento Homeless 
Assistance Act, as amended); the supportive housing program (as 
authorized under subtitle C of title IV of such Act); the section 8 
moderate rehabilitation single room occupancy program (as authorized 
under the United States Housing Act of 1937, as amended) to assist 
homeless individuals pursuant to section 441 of the [Stewart B.] 
McKinney-Vento Homeless Assistance Act; and the shelter plus care 
program (as authorized under subtitle F of title IV of such Act), 
[$1,025,000,000] $1,022,745,000, to remain available until expended: 
Provided, That not less than 30 percent of these funds shall be used for 
permanent housing, and all funding for services must be matched by 25 
percent in funding by each grantee: Provided further, That all awards of 
assistance under this heading shall be required to coordinate and 
integrate homeless programs with other mainstream health, social 
services, and employment programs for which homeless populations may be 
eligible, including Medicaid, State Children's Health Insurance Program, 
Temporary Assistance for Needy Families, Food Stamps, and services 
funding through the Mental Health and Substance Abuse Block Grant, 
Workforce Investment Act, and the Welfare-to-Work grant program: 
Provided further, That [up to 1.5 percent] $2,500,000 of the funds 
appropriated under this heading [is transferred to the Working Capital 
Fund to be used] shall be available for technical assistance [for 
management information systems and to develop an automated, client-level 
Annual Performance Report System]: Provided further, That up to 
$11,700,000 shall be available for information technology, including the 
development of a client-level Annual Performance Report System: Provided 
further, That $500,000 shall be made available for the Interagency 
Council for the Homeless for administrative needs. (Departments of 
Veterans Affairs and Housing and Urban Development, and Independent 
Agencies Appropriations Act, 2001, as enacted by section 1(a)(1) of P.L. 
106-377.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0192-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Homeless assistance grants........         882       2,363       1,023
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................         882       2,363       1,023
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........       1,072       1,340
22.00 New budget authority (gross)......       1,020       1,023       1,023
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          25
22.22 Unobligated balance transferred 
        from other accounts.............         105
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       2,222       2,363       1,023
23.95 Total new obligations.............        -882      -2,363      -1,023
24.40 Unobligated balance carried 
        forward, end of year............       1,340
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................       1,020       1,025       1,023
40.77   Reduction pursuant to P.L. 106-
          554 (0.22 percent)............                      -2
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............       1,020       1,023       1,023
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................       1,867       2,510       3,873
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................       1,867       2,510       3,873
73.10 Total new obligations.............         882       2,363       1,023
73.20 Total outlays (gross).............        -885      -1,000      -1,200
73.32 Obligated balance transferred from 
        other accounts..................         670
73.45 Recoveries of prior year 
        obligations.....................         -25
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.       2,510       3,873       3,696
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year       2,510       3,873       3,696
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          31          31          31
86.93 Outlays from discretionary 
        balances........................         854         969       1,169
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         885       1,000       1,200
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................       1,020       1,023       1,023
90.00 Outlays...........................         885       1,000       1,200
---------------------------------------------------------------------------

    The Homeless Assistance Grants program funds the Shelter Plus Care, 
Supportive Housing, Emergency Shelter Grants, and Section 8 Moderate 
Rehabilitation Single Room Occupancy programs. These funds will enable 
localities to continue to shape and implement comprehensive, flexible, 
coordinated ``continuum of care'' approaches to solving rather than 
institutionalizing homelessness. In fact, in recent years, many 
communities have made great strides in developing holistic continuum of 
care approaches to solving homelessness. A community-based process is 
required as part of the application process. Communities are required to 
include in their applications performance measures that contain specific 
goals that would accrue from the community's efforts, and are required 
to demonstrate tangible results on an annual basis. Requested fund

[[Page 497]]

ing would be available for a wide range of activities to assist homeless 
persons and prevent future homelessness. The 2002 request will fund over 
50,000 new and renewal transitional and permanent beds, all linked to 
supportive services.

    Funding is also requested for technical assistance to provide needed 
assistance to grantees to resolve problems that hinder successful 
project completion and implementation, and for management information 
systems support, including the continuing operation of tracking systems 
required by House Report 105-610.

                                

                 Rural Housing and Economic Development

                     [(including transfer of funds)]

    [For the Office of Rural Housing and Economic Development in the 
Department of Housing and Urban Development, $25,000,000 to remain 
available until expended, which amount shall be awarded by June 1, 2001, 
to Indian tribes, State housing finance agencies, State community and/or 
economic development agencies, local rural nonprofits and community 
development corporations to support innovative housing and economic 
development activities in rural areas: Provided, That all grants shall 
be awarded on a competitive basis as specified in section 102 of the HUD 
Reform Act.] (Departments of Veterans Affairs and Housing and Urban 
Development, and Independent Agencies Appropriations Act, 2001, as 
enacted by section 1(a)(1) of P.L. 106-377.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0324-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Rural Housing.....................          31          51
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................          31          51
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          32          26
22.00 New budget authority (gross)......          25          25
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          57          51
23.95 Total new obligations.............         -31         -51
24.40 Unobligated balance carried 
        forward, end of year............          26
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          25          25
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................                      23          50
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................                      23          50
73.10 Total new obligations.............          31          51
73.20 Total outlays (gross).............          -8         -24         -25
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.          23          50          25
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year          23          50          25
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................           1           1
86.93 Outlays from discretionary 
        balances........................           7          23          25
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........           8          24          25
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          25          25
90.00 Outlays...........................           8          24          25
---------------------------------------------------------------------------

    The 2001 VA-HUD and Independent Agencies Appropriations Act (P.L. 
106-74) provided $25 million to the Rural Housing and Economic 
Development program. This program is located in the Office of Community 
Planning and Development and is used to encourage new and innovative 
approaches to serving the housing and economic development needs of the 
nation's rural communities. The 2002 Budget proposes no new funding for 
this program.

                                

                     Urban Development Action Grants

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0170-0-1-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................          78          68          58
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................          78          68          58
73.20 Total outlays (gross).............         -10         -10         -10
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.          68          58          48
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year          68          58          48
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.93 Outlays from discretionary 
        balances........................          10          10          10
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................          10          10          10
---------------------------------------------------------------------------

    Title I of the Housing and Community Development Act of 1974, as 
amended, authorized grants to distressed cities and distressed urban 
counties to fund economic development projects. The program was 
terminated in 1990.

                                

   Capacity Building for Community Development and Affordable Housing

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0222-0-1-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................          19           7
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................          19           7
73.20 Total outlays (gross).............         -12          -7
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.           7
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year           7
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.93 Outlays from discretionary 
        balances........................          12           7
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................          12           7
---------------------------------------------------------------------------

    As authorized by section 4 of the HUD Demonstration Act of 1993, 
this program provides funding to the National Community Development 
Initiative to build the capacity of community-based development 
corporations and housing development organizations and to assist such 
corporations and organizations to carry out community development and 
affordable housing activities. Funding for this program was provided 
under the Annual Contributions for Assisted Housing account in 1996. 
Public Law 105-18 amended authorizing legislation to include additional 
eligible recipients and provided funding for this program through a 
transfer from the Homeownership and Opportunity for People Everywhere 
Grants account in 1997. Public Law 105-65 provided funding for this 
program under the Community Development Block Grant Account in 1998. 
P.L. 105-276 provided $15 million for this program in 1999 for the two 
organizations eligible prior to the enactment of P.L. 105-18. Funding of 
$28 million was provided for this program in 2001 in Public Law 106-377 
as a set-aside within the CDBG program. $29 million is being requested 
in 2002, again as a set-aside within CDBG.

[[Page 498]]

                                

                    Emergency Shelter Grants Program

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0181-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           1
22.21 Unobligated balance transferred to 
        other accounts..................          -1
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------

    Title IV, subtitle B, of the McKinney-Vento Homeless Assistance Act 
(Public Law 100-77) authorizes the Secretary to make Emergency Shelter 
Grants to States and units of local government to provide emergency 
shelter and other support for the homeless. Since 1995, this assistance 
has been funded under the Homeless Assistance Grants account. The 2000 
Appropriations Act transferred all balances in this account to the 
Homeless Assistance Grants account.

                                

                       Supportive Housing Program

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0188-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          35
22.21 Unobligated balance transferred to 
        other accounts..................         -35
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................          96
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................          96
73.31 Obligated balance transferred to 
        other accounts..................         -96
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------

    Title IV, subtitle C, of the McKinney-Vento Homeless Assistance Act 
authorizes assistance to promote the development of supportive housing 
and services, especially for: deinstitutionalized homeless individuals; 
homeless families with children; homeless individuals with mental 
disabilities; and other persons including those with AIDS. Such 
assistance is available for the acquisition, rehabilitation, 
construction, or leasing of structures to be used for homeless persons 
as well as to pay for operating costs and supportive services.

    Since 1995, this type of assistance has been funded under the 
Homeless Assistance Grants account. The 2000 Appropriations Act 
transferred all balances in this account to the Homeless Assistance 
Grants account.

                                

      Supplemental Assistance for Facilities To Assist the Homeless

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0187-0-1-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           1
22.21 Unobligated balance transferred to 
        other accounts..................          -1
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------

    Title IV, subtitle D, of the McKinney-Vento Homeless Assistance Act 
authorized the Supplemental Assistance for Facilities To Assist the 
Homeless program (SAFAH) to provide comprehensive assistance for 
particularly innovative programs or alternative methods of meeting the 
immediate and long-term needs of the homeless. The authority for the 
SAFAH program was terminated by section 1403 of the Housing and 
Community Development Act of 1992. The 2000 Appropriations Act 
transferred all balances in this account to the Homeless Assistance 
Grants account.

                                

                            Shelter Plus Care

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0204-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           3
22.21 Unobligated balance transferred to 
        other accounts..................          -3
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................         228
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................         228
73.31 Obligated balance transferred to 
        other accounts..................        -228
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------

    Title IV, subtitle F, of the McKinney-Vento Homeless Assistance Act 
authorizes the Secretary to provide rental assistance to persons with 
disabilities. Supportive services at least equal in value to the 
aggregate rental assistance must also be provided by grant recipients 
using other Federal, State, local and private resources. Eligible 
recipients include States and units of general local government.

    Since 1995, this type of assistance has been funded under the 
Homeless Assistance Grants account.

    The 2000 Appropriations Act transferred all balances in this account 
to the Homeless Assistance Grants account.

                                

                       Shelter Plus Care Renewals

    For the renewal on an annual basis [of contracts expiring during 
fiscal years 2001 and 2002] or amendment of contracts funded under the 
Shelter Plus Care program, as authorized under subtitle F of title IV of 
the [Stewart B.] McKinney-Vento Homeless Assistance Act, as amended, 
[$100,000,000] $99,780,000, to remain available until expended: 
Provided, That each Shelter Plus Care project with an expiring contract 
shall be eligible for renewal only if the project is determined to be 
needed under the applicable continuum of care and meets appropriate 
program requirements and financial standards, as determined by the 
Secretary.  (Departments of Veterans Affairs and Housing and Urban 
Development, and Independent Agencies Appropriations Act, 2001, as 
enacted by section 1(a)(1) of P.L. 106-377.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0232-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Renewal of Expiring Contracts.....                     100         100
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................                     100         100
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......                     100         100
23.95 Total new obligations.............                    -100        -100
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................                     100         100
----------------------------------------------------------------------------

[[Page 499]]



    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................                                  89
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................                                  89
73.10 Total new obligations.............                     100         100
73.20 Total outlays (gross).............                     -11         -57
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.                      89         132
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year                      89         132
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................                      11          11
86.93 Outlays from discretionary 
        balances........................                                  46
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........                      11          57
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................                     100         100
90.00 Outlays...........................                      11          57
---------------------------------------------------------------------------

    Shelter Plus Care provides rental assistance that, when combined 
with social services, supplies supportive housing for homeless people 
with disabilities and their families. Homeless people with disabilities 
often need more than shelter to live independently, such as medical care 
or other social services. Shelter Plus Care provides for a variety of 
housing choices such as group homes or individual units, coupled with a 
range of supportive services (which are funded by other sources). 
Grantees must match the rental assistance with supportive services that 
are at least equal in value to the amount of HUD's rental assistance. 
The Shelter Plus Care renewal funding will renew contracts on a one-year 
basis and will also provide funding to amend contracts that were 
previously extended but which will run out of funding.

                                

          Innovative Homeless Initiatives Demonstration Program

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0221-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................           9
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................           9
73.31 Obligated balance transferred to 
        other accounts..................          -9
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------

    Section 2 of the HUD Demonstration Act of 1993 authorized assistance 
for projects intended to provide a continuum of care for homeless 
persons and for innovative programs to assist homeless persons. Eligible 
recipients included States, units of local government, Indian tribes, 
and nonprofit organizations. Authorization for this program expired at 
the end of 1994. The 2000 Appropriations Act transferred all balances in 
this account to the Homeless Assistance Grants account.

                                

        National Cities in Schools Community Development Program

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0220-0-1-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Grants for Schools................           5
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................           5
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......           5
23.95 Total new obligations.............          -5
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.05   Appropriation (indefinite)......           5
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............           5
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................           1
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................           1
73.10 Total new obligations.............           5
73.20 Total outlays (gross).............          -5
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................           5
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................           5
90.00 Outlays...........................           5
---------------------------------------------------------------------------

    The Communities in Schools program, formerly known as the National 
Cities in Schools program, provides funding to empower local communities 
to work through collaborative public/private partnerships involving 
schools, public housing communities, and community organizations to 
prevent youngsters from dropping out of school, while involving youth in 
local community building, job training and neighborhood revitalization 
projects. P.L. 105-276 authorized the transfer of $5,000,000 in Annual 
Contributions for Assisted Housing recaptures to this account in 1999. 
The 2000 Appropriations Act (P.L. 106-74) provided $5 million. No 
funding was provided in 2001 and none is requested for 2002.

                                

Public enterprise funds:

                  Revolving Fund (Liquidating Programs)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4015-0-3-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.01 Loan servicing....................           6           9           8
09.03 Administrative expenses...........           1           1           1
                                           ---------   ---------  ----------
10.00   Total new obligations...........           7          10           9
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          93          76          63
22.00 New budget authority (gross)......          36          42          37
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           3
22.40 Capital transfer to general fund..         -50         -45         -40
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          82          73          60
23.95 Total new obligations.............          -7         -10          -9
24.40 Unobligated balance carried 
        forward, end of year............          76          63          51
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

69.00   Offsetting collections (cash)...          36          42          37
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................           9           6           3
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................           9           6           3
73.10 Total new obligations.............           7          10           9
73.20 Total outlays (gross).............          -7         -13          -9
73.45 Recoveries of prior year 
        obligations.....................          -3
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.           6           3           3
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year           6           3           3
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.98 Outlays from mandatory balances...           7          13           9
----------------------------------------------------------------------------

[[Page 500]]



    Offsets:
      Against gross budget authority and outlays:

88.40   Offsetting collections (cash) 
          from: Non-Federal sources.....         -36         -42         -37
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................         -29         -29         -28
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4015-0-3-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........         175         142         109
1251  Repayments: Repayments and 
        prepayments.....................         -28         -30         -25
1263  Write-offs for default: Direct 
        loans...........................          -5          -3          -2
                                           ---------   ---------  ----------
1290    Outstanding, end of year........         142         109          82
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4015-0-3-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........           1
2251  Repayments and prepayments........          -1
---------------------------------------------------------------------------

    The Revolving fund (liquidating programs) was established by the 
Independent Offices Appropriations Act of 1955 for the efficient 
liquidation of assets acquired under a number of housing and urban 
development programs.

                        Statement of Operations (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4015-0-3-451    1999 actual    2000 actual     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
0101  Revenue...........................          11              5             5              5
0102  Expense...........................          -1             -4            -4             -4
                                        ------------ --------------  ------------  -------------
0105  Net income or loss (-)............          10              1             1              1
-----------------------------------------------------------------------------------------------

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4015-0-3-451    1999 actual    2000 actual     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................         103             82            65             60
      Non-Federal assets:

1206    Receivables, net................          20             17            16             15
1207    Advances and prepayments........                          1
      Net value of assets related to 
          pre-1992 direct loans 
          receivable and acquired 
          defaulted guaranteed loans 
          receivable:

1601    Direct loans, gross.............         175            142           109             82
1602    Interest receivable.............          16             12            11             10
1603    Allowance for estimated 
          uncollectible loans and 
          interest (-)..................          -7            -19           -17            -15
                                        ------------ --------------  ------------  -------------
1604      Direct loans and interest 
            receivable, net.............         184            135           103             77
1606    Foreclosed property.............                          1             1              1
                                        ------------ --------------  ------------  -------------
1699      Value of assets related to 
            direct loans................         184            136           104             78
1801  Other Federal assets: Cash and 
        other monetary assets...........           1              1             1              1
                                        ------------ --------------  ------------  -------------
1999    Total assets....................         308            237           186            154
    LIABILITIES:
      Non-Federal liabilities:

2201    Accounts payable................           1              1             1              1
2207    Other...........................           8              8             4              3
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............           9              9             5              4
    NET POSITION:
3100  Appropriated capital..............         193             10            10             10
3300  Cumulative results of operations..         106            218           171            140
                                        ------------ --------------  ------------  -------------
3999    Total net position..............         299            228           181            150
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position         308            237           186            154
-----------------------------------------------------------------------------------------------

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4015-0-3-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
25.2  Other services....................           5           7           6
32.0  Land and structures...............           2           3           3
                                           ---------   ---------  ----------
99.9    Total new obligations...........           7          10           9
---------------------------------------------------------------------------

                                

Credit accounts:

          Community Development Loan Guarantees Program Account

    For the cost of guaranteed loans, $14,000,000, as authorized by 
section 108 of the Housing and Community Development Act of 1974: 
Provided, That such costs, including the cost of modifying such loans, 
shall be as defined in section 502 of the Congressional Budget Act of 
1974, as amended: Provided further, That these funds are available to 
subsidize total loan principal, any part of which is to be guaranteed, 
not to exceed $608,696,000 notwithstanding any aggregate limitation on 
outstanding obligations guaranteed in section 108(k) of the Housing and 
Community Development Act of 1974. In addition, for administrative 
expenses to carry out the guaranteed loan program, $1,000,000 which 
shall be transferred to and merged with the appropriation for ``Salaries 
and Expenses''. 

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0198-0-1-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.02 Community development loan 
        guarantee credit subsidy........           9          29          14
00.09 Administrative expense............           1           1           1
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 33.0)...................          10          30          15
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......          30          30          15
23.95 Total new obligations.............         -10         -30         -15
23.98 Unobligated balance expiring or 
        withdrawn.......................         -20
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          30          30          15
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................          18          22          32
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................          18          22          32
73.10 Total new obligations.............          10          30          15
73.20 Total outlays (gross).............          -7         -20         -20
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.          22          32          27
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year          22          32          27
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................           2           5           3
86.93 Outlays from discretionary 
        balances........................           5          15          17
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........           7          20          20
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          30          30          15
90.00 Outlays...........................           7          20          20
---------------------------------------------------------------------------

    Guaranteed Loans.--The Community Development Loan Guarantee program 
(Section 108) has a proposed commitment

[[Page 501]]

level of $609 million in 2002. The credit subsidy/administrative cost 
estimate for the guaranteed loan program is $15 million in 2002.

    Section 108 loan guarantees are used by Community Development Block 
Grant entitlement and nonentitlement communities (assisted by their 
State) to cover the cost of: acquiring real property; rehabilitating 
publicly owned real property; housing rehabilitation; and, certain other 
economic development activities. In addition, Section 108 has, in some 
cases, been used to finance the construction of housing by nonprofit 
organizations.

  Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program   
                          (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0198-0-1-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Guaranteed loan levels supportable by subsidy 
                budget authority:
2150  Loan guarantee levels.............       1,261       1,258         609
                                           ---------   ---------  ----------
2159    Total loan guarantee levels.....       1,261       1,258         609
    Guaranteed loan subsidy (in percent):
2320  Subsidy rate......................        2.30        2.30        2.30
                                           ---------   ---------  ----------
2329    Weighted average subsidy rate...        2.30        2.30        2.30
    Guaranteed loan subsidy budget authority:
2330  Subsidy budget authority..........          29          29          14
                                           ---------   ---------  ----------
2339    Total subsidy budget authority..          29          29          14
    Guaranteed loan subsidy outlays:
2340  Subsidy outlays...................           6          19          19
                                           ---------   ---------  ----------
2349    Total subsidy outlays...........           6          19          19
----------------------------------------------------------------------------

    Administrative expense data:
3510  Budget authority..................           1           1           1
3580  Outlays from balances.............
3590  Outlays from new authority........           1           1           1
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this account 
records, for this program, the subsidy costs associated with the loan 
guarantees committed in 1992 and beyond (including modifications of 
direct loans or loan guarantees that resulted from obligations or 
commitments in any year), as well as administrative expenses of this 
program. The subsidy amounts are estimated on a present value basis; the 
administrative expenses are estimated on a cash basis.

                                

         Community Development Loan Guarantees Financing Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4096-0-3-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          16          22          44
22.00 New financing authority (gross)...           7          21          22
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          23          43          66
24.40 Unobligated balance carried 
        forward, end of year............          22          44          67
----------------------------------------------------------------------------

    New financing authority (gross), detail:
      Discretionary:

68.00   Spending authority from 
          offsetting collections 
          (gross): Offsetting 
          collections (cash)............           7          21          22
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............          -6         -19         -19
88.25     Interest on uninvested funds..          -1          -2          -3
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........          -7         -21         -22
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............
90.00 Financing disbursements...........          -7         -21         -22
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4096-0-3-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on commitments:
2111  Limitation on guaranteed loans 
        made by private lenders.........       1,261       1,258         609
2112  Uncommitted loan guarantee 
        limitation......................        -849
                                           ---------   ---------  ----------
2150    Total guaranteed loan 
          commitments...................         412       1,258         609
----------------------------------------------------------------------------

    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........       1,509       1,692       1,942
2231  Disbursements of new guaranteed 
        loans...........................         322         500         400
2251  Repayments and prepayments........        -139        -250        -200
                                           ---------   ---------  ----------
2290    Outstanding, end of year........       1,692       1,942       2,142
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..       1,692       1,942       2,142
---------------------------------------------------------------------------

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4096-0-3-451    1999 actual    2000 actual     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................          16             22            44             67
                                        ------------ --------------  ------------  -------------
1999    Total assets....................          16             22            44             67
    LIABILITIES:
2204  Non-Federal liabilities: 
        Liabilities for loan guarantees.          16             22            44             67
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............          16             22            44             67
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position          16             22            44             67
-----------------------------------------------------------------------------------------------

    Guaranteed loans.--The Community Development Loan Guarantees program 
provides a mechanism for the Federal guarantee of private loans. There 
is an accompanying liquidating account which shows activity for Federal 
Financing Bank (FFB) direct loan activity, obligated prior to July 1, 
1986. Also following is a status of privately financed guaranteed loan 
commitments made prior to 1992.

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from loan guarantees committed in 1992 and beyond (including 
modifications of loan guaran- tees that resulted from commitments in any 
year). The amounts in this account are a means of financing and are not 
included in the budget totals. As required by the Federal Credit Reform 
Act of 1990, no administrative expenses can be recorded in the financing 
account.

                                

        Community Development Loan Guarantees Liquidating Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4097-0-3-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......           4
22.40 Capital transfer to general fund..         134
22.70 Balance of authority to borrow 
        withdrawn.......................        -138
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

69.00   Offsetting collections (cash)...           7           4           4
69.27   Capital transfer to general fund          -3          -4          -4
                                           ---------   ---------  ----------
69.90     Spending authority from 
            offsetting collections 
            (total mandatory)...........           4
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................         134         134         134
                                           ---------   ---------  ----------

[[Page 502]]


72.99     Obligated balance, start of 
            year........................         134         134         134
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.         134         134         134
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year         134         134         134
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........          -7          -4          -4
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          -3          -4          -4
90.00 Outlays...........................          -7          -4          -4
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4097-0-3-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........          13          13          13
1251  Repayments: Repayments and 
        prepayments.....................
                                           ---------   ---------  ----------
1290    Outstanding, end of year........          13          13          13
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4097-0-3-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........         134         107          82
2251  Repayments and prepayments........         -27         -25         -23
                                           ---------   ---------  ----------
2290    Outstanding, end of year........         107          82          59
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..         107          82          59
---------------------------------------------------------------------------

                        Statement of Operations (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4097-0-3-451    1999 actual    2000 actual     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
0101  Revenue...........................           8              2             2              2
0102  Expense...........................          -8             -2            -2             -2
-----------------------------------------------------------------------------------------------

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4097-0-3-451    1999 actual    2000 actual     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101    Fund balances with Treasury.....          -4
        Investments in US securities:
1106      Receivables, net..............          11
      Net value of assets related to 
          pre-1992 direct loans 
          receivable and acquired 
          defaulted guaranteed loans 
          receivable:

1701    Defaulted guaranteed loans, 
          gross.........................          13             11            11             11
1702    Interest receivable.............           4
                                        ------------ --------------  ------------  -------------
1799      Value of assets related to 
            loan guarantees.............          17             11            11             11
1901  Other Federal assets: Other assets         139
                                        ------------ --------------  ------------  -------------
1999    Total assets....................         163             11            11             11
    LIABILITIES:
      Federal liabilities:

2103    Debt............................                         11            11             11
2105    Other...........................          14
2201  Non-Federal liabilities: Accounts 
        payable.........................         149
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............         163             11            11             11
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position         163             11            11             11
-----------------------------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this account 
records all cash flows to and from the Government resulting from Federal 
Financing Bank (FFB) direct loans for which loan guarantees were 
committed prior to 1992. This account is shown on a cash basis.

    Guaranteed loans.--Guaranteed loan assistance under the Community 
Development Loan Guarantees program is provided to eligible communities 
to finance economic development activities, housing rehabilitation, 
development or expansion of public facilities, acquisition of real 
property, rehabilitation of publicly owned real property, and certain 
related expenses. In the past, the FFB financed these guaranteed loans. 
The Consolidated Omnibus Budget Reconciliation Act of 1985 required 
private financing of all loan guarantees committed after July 1, 1986. 
FFB will continue disbursing loans for commitments approved prior to 
July 1, 1986. The activity shown in the above account reflects privately 
financed guaranteed loans for which commitments were made prior to 1992.

                                

         America's Private Investment Companies Program Account

                       including transfer of funds

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0326-0-1-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.05   Appropriation (indefinite)......          20
41.00   Transferred to other accounts...         -20
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------

    The 2000 appropriation provided $20 million for America's Private 
Investment Companies (APIC) contingent upon the program's authorization. 
The program was not authorized and the funding was transferred to 
Community Development Financial Institutions. No funding was provided 
for 2001 and none is proposed for 2002.

                                

 America's Private Investment Companies Loan Guarantee Financing Account

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4102-0-3-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on commitments:
2111  Limitation on guaranteed loans 
        made by private lenders.........         541
2112  Uncommitted loan guarantee 
        limitation......................        -541
---------------------------------------------------------------------------

                                


 
                            HOUSING PROGRAMS

                              Federal Funds

General and special funds:

                     Housing for Special Populations

                      (including transfer of funds)

    For assistance for the purchase, construction, acquisition, or 
development of additional public and subsidized housing units for low 
income families not otherwise provided for, [$996,000,000] 
$1,001,009,000, to remain available until expended: Provided, That 
[$779,000,000] $783,286,000 shall be for capital advances, including 
amendments to capital advance contracts, for housing for the elderly, as 
authorized by section 202 of the Housing Act of 1959, as amended, and 
for project rental assistance, and amendments to contracts for project 
rental assistance, for the elderly under such section 202(c)(2), and for 
supportive services associated with the housing, of which

[[Page 503]]

amount [$50,000,000] $49,890,000 shall be for service coordinators and 
the continuation of existing congregate service grants for residents of 
assisted housing projects, of which amount up to $3,000,000 shall be 
available to renew expiring project rental assisance contracts for up to 
a one-year term, and of which amount [$50,000,000] $49,890,000 shall be 
for grants under section 202b of the Housing Act of 1959 (12 U.S.C. 
1701q-2) for conversion of eligible projects under such section to 
assisted living or related use: Provided further, That of the amount 
under this heading, [$217,000,000] $217,723,000 shall be for capital 
advances, including amendments to capital advance contracts, for 
supportive housing for persons with disabilities, as authorized by 
section 811 of the Cranston-Gonzalez National Affordable Housing Act, 
for project rental assistance, for amendments to contracts for project 
rental assistance, and supportive services associated with the housing 
for persons with disabilities as authorized by section 811 of such Act, 
of which up to $1,200,000 shall be available to renew expiring project 
rental assistance contracts for up to a one-year term: Provided further, 
That [$1,000,000] up to $3,000,000, to be divided evenly between the 
appropriations for the section 202 and section 811 programs, shall be 
[transferred to the Working Capital Fund for the development and 
maintenance of] available for information technology [systems]: Provided 
further, That the Secretary may designate up to 25 percent of the 
amounts earmarked under this paragraph for section 811 of such Act for 
tenant-based assistance, as authorized under that section, including 
such authority as may be waived under the next proviso, which assistance 
is 5 years in duration: Provided further, That the Secretary may waive 
any provision of such section 202 and such section 811 (including the 
provisions governing the terms and conditions of project rental 
assistance and tenant-based assistance) that the Secretary determines is 
not necessary to achieve the objectives of these programs, or that 
otherwise impedes the ability to develop, operate, or administer 
projects assisted under these programs, and may make provision for 
alternative conditions or terms where appropriate. (Departments of 
Veterans Affairs and Housing and Urban Development, and Independent 
Agencies Appropriations Act, 2001, as enacted by section 1(a)(1) of P.L. 
106-377.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0320-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........         937         939       1,001
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................         937         939       1,001
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........       2,749       2,760       2,817
22.00 New budget authority (gross)......         911         994       1,001
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          37
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       3,697       3,754       3,818
23.95 Total new obligations.............        -937        -939      -1,001
24.40 Unobligated balance carried 
        forward, end of year............       2,760       2,817       2,817
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         911         996       1,001
40.77   Reduction pursuant to P.L. 106-
          554 (0.22 percent)............                      -2
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         911         994       1,001
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................       3,799       3,978       3,929
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................       3,799       3,978       3,929
73.10 Total new obligations.............         937         939       1,001
73.20 Total outlays (gross).............        -720        -988      -1,025
73.45 Recoveries of prior year 
        obligations.....................         -37
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.       3,978       3,929       3,905
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year       3,978       3,929       3,905
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.93 Outlays from discretionary 
        balances........................         720         988       1,025
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         911         994       1,001
90.00 Outlays...........................         720         988       1,025
---------------------------------------------------------------------------

    This account consolidates activity under the Section 202 Housing for 
the Elderly Program and the Section 811 Housing for the Disabled 
Program. In 2002, $1,001 million is requested for the Housing for 
Special Populations account.

    Housing for the Disabled.--$217.7 million is proposed for housing 
for persons with disabilities, including language to permit up to 25 
percent of these funds to be earmarked for tenant-based assistance which 
increases the number of persons that can be assisted by maximizing the 
use of the private market.

    Housing for the Elderly.--A total of $783 million is proposed for 
housing for the elderly. Of this amount $50 million is for the capital 
grant program to convert existing 202 properties to assisted living 
under appropriate conditions. These funds for capital grants are 
available to existing HUD elderly subsidized (Section 202) projects that 
convert some or all units to Assisted Living.

    Conversion of units to assisted living will make available to low-
income elderly, a new type of housing that Americans with higher incomes 
already benefit from in increasing numbers. Converting some Section 202 
projects to assisted living brings this successful innovation to a 
population that includes a much higher proportion of frail elderly than 
when subsidized apartment projects were first constructed. These elderly 
need additional help with various tasks in order to continue living as 
independently as possible. Projects need to be reconfigured to provide 
more congregate areas and room for additional services. As a result of 
this investment, people who otherwise would be confined to nursing homes 
and receive a higher level of care can enjoy a much greater degree of 
independence.

    $50 million is provided for a service coordinator program that will 
serve both residents of HUD-assisted elderly housing and other eligible 
elderly residing in the neighborhood in which such projects are located 
on an exception basis. These grants and the 202 program will address the 
growing housing needs of the nation's elderly.

                                

                     Other Assisted Housing Programs

                        Rental Housing Assistance

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0206-0-1-999      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Rent supplement...................           7           6           6
00.02 Homeownership and rental housing 
        assistance (Sections 235 and 
        236)............................         867          60          60
00.03 College Housing...................           1
00.04 IRP Rehab Grants/Loans............                     100         300
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................         875         166         366
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           7          30         264
21.49 Unobligated balance carried 
        forward, start of year: Contract 
        authority.......................       1,053       1,025       1,025
                                           ---------   ---------  ----------
21.99   Total unobligated balance 
          carried forward, start of year       1,060       1,055       1,289
22.00 New budget authority (gross)......         818
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          73         400         200
22.75 Balance of contract authority 
        withdrawn.......................         -21
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       1,930       1,455       1,489
23.95 Total new obligations.............        -875        -166        -366
24.40 Unobligated balance carried 
        forward, end of year............          30         264          98
24.49 Unobligated balance carried 
        forward, end of year: Contract 
        authority.......................       1,025       1,025       1,025
                                           ---------   ---------  ----------

[[Page 504]]


24.99   Total unobligated balance 
          carried forward, end of year..       1,055       1,289       1,123
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.05   Appropriation (indefinite)......         736         698         712
40.36   Homeownership Assistance 
          Rescission....................          -7
40.49   Portion applied to liquidate 
          contract authority............        -729        -698        -712
49.05   Contract authority (indefinite).         818
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         818
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................      10,655      10,775       9,843
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................      10,655      10,775       9,843
73.10 Total new obligations.............         875         166         366
73.20 Total outlays (gross).............        -682        -698        -712
73.45 Recoveries of prior year 
        obligations.....................         -73        -400        -200
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.      10,775       9,843       9,297
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year      10,775       9,843       9,297
75.01 Obligated balance, start of year: 
        Contract authority..............      10,616      10,705      10,007
75.02 Obligated balance, end of year: 
        Contract authority..............      10,705      10,007       9,295
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.93 Outlays from discretionary 
        balances........................         682         698         712
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         818
90.00 Outlays...........................         682         698         712
---------------------------------------------------------------------------

            Status of Contract Authority (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0206-0-1-999      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
0100  Balance, start of year............      11,669      11,730      11,032
    Contract authority:
0200  Contract authority................         811
0400  Appropriation to liquidate 
        contract authority..............        -729        -698        -712
0600  Balance of contract authority 
        withdrawn.......................         -21
0700  Balance, end of year..............      11,730      11,032      10,320
---------------------------------------------------------------------------

                         OTHER ASSISTED HOUSING

                  Summary of Administrative Commitments

                        (in millions of dollars)

                                     2000 actual  2001 est.   2002 est.
Assistance contracts:
  College Housing...................           1
  Rent supplement...................           7           6           6
  Homeownership and rental housing 
    assistance (sections 235 and 
    236)............................         867          60          60
IRP Rehab Grants....................           0         100         300
Administrative commitments, start of 
year................................          16          16          16
Administrative commitments, end of 
year................................         -16         -16         -16
                                    ------------------------------------
      Total obligations.............         875         166         366
                                    ====================================

    The Other Assisted Housing Account contains the programs listed 
below:

    Rent supplement.--Rent supplement assistance payments will continue 
to be made on behalf of qualified low-income tenants in approximately 
20,000 units which have not converted to section 8.

    Section 235.--The Housing and Urban-Rural Recovery Act of 1983 
(Public Law 98-181) authorized a restructured section 235 (Homeownership 
Assistance) program based on a 10-year interest reduction subsidy. This 
replaced earlier versions of the program, the original and the revised 
versions. All were below interest rate mortgages for single family 
homes.

    Section 236.--The Housing and Urban Development Act of 1968, as 
amended, authorizes the section 236 Rental Housing Assistance Program 
which subsidizes the monthly mortgage payment that an owner of a rental 
or cooperative project is required to make. This interest subsidy 
reduces rents for lower income tenants.

    IRP Rehab Grants.--Title V of the 1998 Appropriations Act (P.L. 105-
65) establishes a program of rehabilitation grants for owners of 
eligible projects. An estimated $300 million of such grants are expected 
in 2001.

    The table below reflects the consolidated outlay total for: the 
Housing Certificate Fund; the Public Housing Capital Fund; and the Other 
Assisted Housing account, for 2000, 2001, and 2002.

                         SUMMARY OF OUTLAYS \1\

                        (in millions of dollars)

                                     2000 actual  2001 est.   2002 est.
Subsidized housing programs, total..      20,344      21,071      21,960
Low-income housing assistance (sec. 
8)..................................      15,972      16,655      17,676
Public housing capital fund.........       3,690       3,718       3,572
Rent supplement.....................          54          56          55
Homeownership assistance (sec. 235).          17          16          16
Rental housing assistance (sec. 236)         596         610         625
College housing grants..............          15          16          16

    \1\ Includes outlays for contract renewals.

                                

Homeownership and Opportunity for People Everywhere Grants (HOPE Grants)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0196-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          14
22.00 New budget authority (gross)......         -19
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           5
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.36   Unobligated balance rescinded...         -19
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................          81          51          26
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................          81          51          26
73.20 Total outlays (gross).............         -25         -25         -25
73.45 Recoveries of prior year 
        obligations.....................          -5
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.          51          26           1
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year          51          26           1
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.93 Outlays from discretionary 
        balances........................          25          25          25
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         -19
90.00 Outlays...........................          25          25          25
---------------------------------------------------------------------------

    The Homeownership and Opportunity for People Everywhere Program 
provided affordable homeownership opportunities for low-income families. 
Units were converted to homeownership from public and Indian housing 
properties in HOPE 1, from FHA-insured and Government-held multifamily 
properties in HOPE 2, and from Government-owned or -held single family 
properties in HOPE 3. HOPE Grants were used for property acquisition, 
rehabilitation, mortgage subsidies, security measures, and technical 
assistance. In addition, grants have been devoted to counseling and 
training of residents, and other activities intended to help them become 
economically self-sufficient homeowners. No funding is being requested 
for 2002. This schedule reflects the liquidation of prior year balances.

[[Page 505]]

                                

                           Congregate Services

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0178-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................           2
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................           2
73.20 Total outlays (gross).............          -1
73.40 Adjustments in expired accounts 
        (net)...........................          -1
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.93 Outlays from discretionary 
        balances........................           1
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................           1
---------------------------------------------------------------------------

    Under the Congregate Services program, HUD contracted directly with 
local public housing agencies and section 202 housing for the elderly or 
disabled sponsors to supply support services, including meals and other 
services. No new funds are requested under this account. However, 
congregate services are an eligible activity in 2002 under the Community 
Develoment Block Grant program. Renewals of congregate services 
contracts for assisted housing are funded within the Housing for Special 
Populations account. This schedule reflects the liquidation of prior 
year balances from the separately appropriated Congregate Services 
Program.

                                

                    Section 8 Moderate Rehabilitation

                          single room occupancy

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0195-0-1-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          65
22.21 Unobligated balance transferred to 
        other accounts..................         -65
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................         337
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................         337
73.31 Obligated balance transferred to 
        other accounts..................        -337
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------

    Section 8 assistance for single room occupancy dwellings is 
authorized by Title IV, subtitle E, of the McKinney-Vento Homeless 
Assistance Act, as amended by the Housing and Community Development Act 
of 1992. Since 1995, these activities have been funded in the Homeless 
Assistance Grants account. The 2000 Appropriations Act transferred all 
balances in this account to the Homeless Assistance Grants account.

                                

               Manufactured Home Inspection and Monitoring

                     (including transfers of funds)

              Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-5271-0-2-376      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Receipts:
02.00 Manufactured home inspection and 
        monitoring......................          11
    Appropriations:
05.00 Manufactured home inspection and 
        monitoring......................         -11
                                           ---------   ---------  ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-5271-0-2-376      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Transfer to salaries and expenses.           1           1
00.02 Other program costs...............          14           4
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 25.2)...................          15           5
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           9           5
22.00 New budget authority (gross)......          11
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          20           5
23.95 Total new obligations.............         -15          -5
24.40 Unobligated balance carried 
        forward, end of year............           5
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.25   Appropriation (special fund, 
          indefinite)...................          11
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................           1           2           2
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................           1           2           2
73.10 Total new obligations.............          15           5
73.20 Total outlays (gross).............         -14          -5          -2
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.           2           2
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year           2           2
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................           9
86.98 Outlays from mandatory balances...           5           5           2
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          14           5           2
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          11
90.00 Outlays...........................          14           5           2
---------------------------------------------------------------------------

    This account provides spending for HUD and its agents for 
development of manufactured housing standards. Consistent with the 
Manufactured Housing Improvement Act of 2000, spending for 2002 on these 
activities is proposed in the Manufactured Housing Fees Trust Fund 
account.

                                

Public enterprise funds:

                     Rental Housing Assistance Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4041-0-3-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.00 Reimbursable program..............          19                      16
09.01 Refunds of Excess Income..........                      17
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 25.2)...................          19          17          16
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           1           1           1
22.00 New budget authority (gross)......          19          17          16
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          20          18          17
23.95 Total new obligations.............         -19         -17         -16
24.40 Unobligated balance carried 
        forward, end of year............           1           1           1
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

69.00   Offsetting collections (cash)...          19          17          16
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................           7          19          19
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................           7          19          19
73.10 Total new obligations.............          19          17          16

[[Page 506]]

73.20 Total outlays (gross).............          -7         -17         -16
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.          19          19          19
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year          19          19          19
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................           7          17          16
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.40   Offsetting collections (cash) 
          from: Non-Federal sources.....         -19         -17         -16
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................         -12
---------------------------------------------------------------------------

    The Housing and Urban Development Act of 1968 authorized the 
Secretary to establish a revolving fund into which rental collections in 
excess of the established basic rents for units in section 236 
subsidized projects would be deposited.

    The Housing and Community Development Amendment of 1978 authorized 
the Secretary, subject to approval in appropriation acts, to transfer 
excess rent collections received after 1978 to the Troubled Projects 
Operating Subsidy program, renamed the Flexible Subsidy Fund. Prior to 
that time, collections were used for paying tax and utility increases in 
section 236 projects. The Housing and Community Development Act of 1980 
amended the 1978 Act by authorizing the transfer of excess rent 
collections regardless of when collected. This Budget proposes that the 
resources from the Rental Housing Assistance Fund continue to be 
transferred to the Flexible Subsidy Fund.

                                

                          Flexible Subsidy Fund

                           (transfer of funds)

    From the Rental Housing Assistance Fund, all uncommitted balances of 
excess rental charges as of September 30, [2000] 2001, and any 
collections made during fiscal year [2001] 2002, shall be transferred to 
the Flexible Subsidy Fund, as authorized by section 236(g) of the 
National Housing Act, as amended. (Departments of Veterans Affairs and 
Housing and Urban Development, and Independent Agencies Appropriations 
Act, 2001, as enacted by section 1(a)(1) of P.L. 106-377.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4044-0-3-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.00 Reimbursable program..............          12          18
09.01 Refund of Excess Income...........                      20
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................          12          38
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         264         268         238
22.00 New budget authority (gross)......          15           8          24
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           1
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         280         276         262
23.95 Total new obligations.............         -12         -38
24.40 Unobligated balance carried 
        forward, end of year............         268         238         262
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Spending authority from offsetting 
          collections:

        Discretionary:
68.00     Offsetting collections (cash).          15           8          24
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....          15           8          24
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................          28          14          12
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................          28          14          12
73.10 Total new obligations.............          12          38
73.20 Total outlays (gross).............         -17         -40         -12
73.40 Adjustments in expired accounts 
        (net)...........................          -6
73.45 Recoveries of prior year 
        obligations.....................          -1
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.          14          12
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year          14          12
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.93 Outlays from discretionary 
        balances........................          17          40          12
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............          -7                     -16
88.40     Non-Federal sources...........          -8          -8          -8
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........         -15          -8         -24
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................           2          32         -12
----------------------------------------------------------------------------

    Memorandum (non-add) entries:
92.01 Total investments, start of year: 
        Federal securities: Par value...         205
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4044-0-3-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........         761         703         648
1231  Disbursements: Direct loan 
        disbursements...................          17          20          12
1251  Repayments: Repayments and 
        prepayments.....................          -4          -4          -4
1264  Write-offs for default: Other 
        adjustments, net................         -71         -71         -71
                                           ---------   ---------  ----------
1290    Outstanding, end of year........         703         648         585
---------------------------------------------------------------------------

    The Flexible Subsidy Fund assisted financially troubled subsidized 
projects under certain FHA authorities. The subsidies were intended to 
prevent potential losses to the FHA fund resulting from project 
insolvency and to preserve these projects as a viable source of housing 
for low and moderate-income tenants. Priority was given to projects with 
Federal insurance-in-force and then to those with mortgages that had 
been assigned to the Department of Housing and Urban Development.

    The budget assumes that the account will continue to serve as a 
repository of excess rental charges appropriated from the Rental Housing 
Assistance Fund. Since 1996, these resources have not been used for new 
reservations but they continue to offset Flexible Subsidy outlays and 
other discretionary expenditures. In 2000, Congress enacted legislation 
which permits excess income balances in the Rental Housing Assistance 
Fund or transferred to the Flexible Subsidy Fund to be used for refunds 
of prior excess income remittances, as permitted by law.

                        Statement of Operations (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4044-0-3-604    1999 actual    2000 actual     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
0101  Revenue...........................          54            -15             1             13
0102  Expense...........................          -1            -31           -20
                                        ------------ --------------  ------------  -------------
0105  Net income or loss (-)............          53            -46           -19             13
-----------------------------------------------------------------------------------------------

[[Page 507]]



                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4044-0-3-604    1999 actual    2000 actual     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101    Fund balances with Treasury.....         108            281           266            278
        Investments in US securities:
1102      Treasury securities, par......         205
      Net value of assets related to 
          pre-1992 direct loans 
          receivable and acquired 
          defaulted guaranteed loans 
          receivable:

1601    Direct loans, gross.............         786            760           776            784
1603    Allowance for estimated 
          uncollectible loans and 
          interest (-)..................        -692           -678          -698           -705
                                        ------------ --------------  ------------  -------------
1699      Value of assets related to 
            direct loans................          94             82            78             79
                                        ------------ --------------  ------------  -------------
1999    Total assets....................         407            363           344            357
    LIABILITIES:
2207  Non-Federal liabilities: Other....                          3             3              3
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............                          3             3              3
    NET POSITION:
3100  Appropriated capital..............         217            217           217            217
3300  Cumulative results of operations..         190            143           124            137
                                        ------------ --------------  ------------  -------------
3999    Total net position..............         407            360           341            354
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position         407            363           344            357
-----------------------------------------------------------------------------------------------

                                

                      Homeownership Assistance Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4043-0-3-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          23          23          23
21.49 Unobligated balance carried 
        forward, start of year: Contract 
        authority.......................          61          61          61
                                           ---------   ---------  ----------
21.99   Total unobligated balance 
          carried forward, start of year          84          84          84
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          84          84          84
24.40 Unobligated balance carried 
        forward, end of year............          23          23          23
24.49 Unobligated balance carried 
        forward, end of year: Contract 
        authority.......................          61          61          61
                                           ---------   ---------  ----------
24.99   Total unobligated balance 
          carried forward, end of year..          84          84          84
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------

            Status of Contract Authority (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4043-0-3-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
0100  Balance, start of year............          61          61          61
0700  Balance, end of year..............          61          61          61
---------------------------------------------------------------------------

    The Homeownership Assistance Fund was established by the Housing and 
Urban-Rural Recovery Act of 1983. It provided for the receipt of 
recaptures of budget authority, cash, and interest earnings under the 
restructured section 235 program. The funds were authorized to be used, 
to the extent approved in Appropriation Acts, by the Secretary to 
provide additional section 235 assistance payments for mortgagors who 
are unable to assume the full payment due under the mortgage after the 
termination of the original 10-year assistance payments contract.

                                

                    Nehemiah Housing Opportunity Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4071-0-3-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           3           3           3
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......           3           3           3
24.40 Unobligated balance carried 
        forward, end of year............           3           3           3
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................          21          16           8
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................          21          16           8
73.20 Total outlays (gross).............          -6          -8          -8
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.          16           8
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year          16           8
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.93 Outlays from discretionary 
        balances........................           6           8           8
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................           6           8           8
---------------------------------------------------------------------------

    The Nehemiah grants program was authorized by the Housing and 
Community Development Act of 1987 to provide loans to eligible families 
to assist in the purchase of new or substantially rehabilitated units. 
This schedule reflects the liquidation of remaining reserved and 
obligated balances.

                                

Credit accounts:

             FHA--Mutual Mortgage Insurance Program Account

                     (including transfers of funds)

    During fiscal year [2001] 2002, commitments to guarantee loans to 
carry out the purposes of section 203(b) of the National Housing Act, as 
amended, shall not exceed a loan principal of $160,000,000,000.
    During fiscal year [2001] 2002, obligations to make direct loans to 
carry out the purposes of section 204(g) of the National Housing Act, as 
amended, shall not exceed $250,000,000: Provided, That the foregoing 
amount shall be for loans to nonprofit and governmental entities in 
connection with sales of single family real properties owned by the 
Secretary and formerly insured under the Mutual Mortgage Insurance Fund.
    For administrative expenses necessary to carry out the guaranteed 
and direct loan program, [$330,888,000] $336,700,000, of which not to 
exceed [$324,866,000] $332,678,000 shall be transferred to the 
appropriation for ``Salaries and expenses''; and not to exceed 
$4,022,000 shall be transferred to the appropriation for ``Office of 
Inspector General''. In addition, for administrative contract expenses, 
$160,000,000[, of which $96,500,000 shall be transferred to the Working 
Capital Fund for the development and maintenance of information 
technology systems]: Provided, That a combined total of up to 
$160,000,000 from amounts appropriated for administrative contract 
expenses under this head and from amounts appropriated for 
administrative contract expenses under the head, FHA--General and 
Special Risk Program Account, shall be made available for information 
technology: Provided further, That to the extent guaranteed loan 
commitments exceed $65,500,000,000 on or before April 1, [2001] 2002 an 
additional $1,400 for administrative contract expenses shall be 
available for each $1,000,000 in additional guaranteed loan commitments 
(including a pro rata amount for any amount below $1,000,000), but in no 
case shall funds made available by this proviso exceed $16,000,000. 
(Departments of Veterans Affairs and Housing and Urban Development, and 
Independent Agencies Appropriations Act, 2001, as enacted by section 
1(a)(1) of P.L. 106-377.)

              Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0183-0-1-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Receipts:
02.22 Subsidy balance transfer..........                   4,027

[[Page 508]]

    Appropriations:
05.00 FHA mutual mortgage insurance 
        program account.................                  -4,027
                                           ---------   ---------  ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0183-0-1-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.07 Reestimates of loan guarantee 
        negative subsidy................                   3,049
00.08 Interest on reestimates of loan 
        guarantee subsidy...............                     977
00.09 Administrative expenses, salaries 
        & expenses transfer.............         329         329         337
00.12 Non-overhead administrative 
        expenses for FHA contracts......         140         160         160
00.13 Transfer to Federal Housing Credit 
        Consortium......................                       2
                                           ---------   ---------  ----------
10.00   Total new obligations...........         469       4,517         497
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......         491       4,517         497
23.95 Total new obligations.............        -469      -4,517        -497
23.98 Unobligated balance expiring or 
        withdrawn.......................         -22
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         491         491         497
40.77   Reduction pursuant to P.L. 106-
          554 (0.22 percent)............                      -1
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         491         490         497
      Mandatory:

60.25   Appropriation (special fund, 
          indefinite)...................                   4,027
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         491       4,517         497
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................                     128          40
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................                     128          40
73.10 Total new obligations.............         469       4,517         497
73.20 Total outlays (gross).............        -341      -4,606        -496
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.         128          40          41
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year         128          40          41
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         341         450         456
86.93 Outlays from discretionary 
        balances........................                     128          40
86.97 Outlays from new mandatory 
        authority.......................                   4,027
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         341       4,606         496
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         491       4,517         497
90.00 Outlays...........................         341       4,606         496
---------------------------------------------------------------------------

  Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program   
                          (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0183-0-1-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Direct loan levels supportable by subsidy 
                budget authority:
1150  Direct loan levels................           3         250         250
                                           ---------   ---------  ----------
1159    Total direct loan levels........           3         250         250
----------------------------------------------------------------------------

    Guaranteed loan levels supportable by subsidy 
                budget authority:
2150  MMI Fund, Section 203(b)..........      94,161     127,609     134,736
2150  Standby commitment authority......      45,839      32,391      25,264
                                           ---------   ---------  ----------
2159    Total loan guarantee levels.....     140,000     160,000     160,000
    Guaranteed loan subsidy (in percent):
2320  Subsidy rate......................       -1.99       -2.15       -2.07
                                           ---------   ---------  ----------
2329    Weighted average subsidy rate...       -1.99       -2.15       -2.07
    Guaranteed loan subsidy budget authority:
2330  MMI Section 203(b) negative 
        subsidy.........................      -1,864      -2,246      -2,501
2330  Reestimates.......................                   3,350
                                           ---------   ---------  ----------
2339    Total subsidy budget authority..      -1,864       1,104      -2,501
    Guaranteed loan subsidy outlays:
2340  Subsidy outlays--MMI 203(b) 
        negative subsidy................      -1,864      -2,006      -2,501
2340  Subsidy outlays for net 
        reestimates.....................                   3,350
                                           ---------   ---------  ----------
2349    Total subsidy outlays...........      -1,864       1,344      -2,501
----------------------------------------------------------------------------

    Administrative expense data:
3510  Budget authority..................         491         490         497
3580  Outlays from balances.............                     128          40
3590  Outlays from new authority........         341         451         451
---------------------------------------------------------------------------

    The Federal Housing Administration (FHA) provides mortgage insurance 
to encourage lenders to make credit available to expand homeownership 
and to predominantly serve borrowers that the conventional market does 
not adequately provide for including: first-time homebuyers; minorities; 
lower-income families; and, residents of underserved areas (central 
cities and rural areas).

    The Budget proposes legislation to allow FHA to insure a relatively 
new product on the mortgage market--hybrid adjustable-rate mortgages 
(ARMs). Using the conventional market as a prototype, hybrid ARMs are 
defined as adjustable-rate loans that carry an initial fixed interest 
rate for longer than one year. After the initial fixed-rate period ends, 
these loans are subject to interest rate adjustments, typically on an 
annual basis and indexed to the corresponding term Treasury bond yield. 
FHA intends to develop ARMs with a set interest rate for an initial 
period of 3, 5, 7, or 10 years, and annual interest rate adjustments 
thereafter. Hybrid ARMs will substantially enhance FHA's product line, 
offering a sound mortgage product to borrowers who do not qualify for a 
fixed-rate mortgage or cannot afford the fixed-rate pricing, but who 
want to avoid the volatility associated with traditional ARMs. This new 
product will increase loan endorsement activity by approximately 40,000 
loans, resulting in an additional $99 million in negative subsidy in 
2002.

    The Budget proposes an aggregate limitation of $160 billion on 
commitments to guarantee loans in 2002.

    As required by the Federal Credit Reform Act of 1990, this account 
records administrative expenses for this program, as well as the subsidy 
costs, if any, associated with the loan guarantees committed in 1992 and 
thereafter. The subsidy amounts are estimated on a present value basis; 
the administrative expenses are estimated on a cash basis.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0183-0-1-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
25.2  Other services....................         140         160         160
25.3  Purchases of goods and services 
        from Government accounts........         329         331         337
41.0  Grants, subsidies, and 
        contributions...................                   3,049
43.0  Interest and dividends............                     977
                                           ---------   ---------  ----------
99.9    Total new obligations...........         469       4,517         497
---------------------------------------------------------------------------

                                

      FHA--Mutual Mortgage Insurance Direct Loan Financing Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4242-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct loans......................           3         250         250
00.02 Interest paid to Treasury.........           1           7          25

[[Page 509]]

00.03 Claims & other....................                      19          23
                                           ---------   ---------  ----------
10.00   Total new obligations...........           4         276         298
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           5           9
22.00 New financing authority (gross)...           8         276         298
22.60 Portion applied to repay debt.....                      -7
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          13         278         298
23.95 Total new obligations.............          -4        -276        -298
24.40 Unobligated balance carried 
        forward, end of year............           9
----------------------------------------------------------------------------

    New financing authority (gross), detail:
      Discretionary:

47.05   Authority to borrow (indefinite)           3
      Mandatory:

67.15   Authority to borrow (indefinite)                     250         250
      Spending authority from offsetting 
          collections:

        Discretionary:
68.00     Offsetting collections (cash).           9          79         160
68.47     Portion applied to repay debt.          -4         -53        -112
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....           5          26          48
                                           ---------   ---------  ----------
70.00   Total new financing authority 
          (gross).......................           8         276         298
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................           3           4          31
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................           3           4          31
73.10 Total new obligations.............           4         276         298
73.20 Total financing disbursements 
        (gross).........................          -4        -249        -296
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.           4          31          33
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year           4          31          33
87.00 Total financing disbursements 
        (gross).........................           4         249         296
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.25     Interest on uninvested funds..          -1          -1          -1
          Non-Federal sources:
88.40       Repayment of principal......          -8         -73        -145
88.40       Repayment of interest.......                      -5         -14
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........          -9         -79        -160
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............          -1         197         138
90.00 Financing disbursements...........          -5         170         136
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from direct loans obligated in 1992 and thereafter (including 
modifications of direct loans that resulted from obligations in any 
year). The amounts in this account are a means of financing and are not 
included in the budget totals.

    The $250 million in 2002 direct loan limitation in the MMI Fund 
would permit the Department to use Purchase Money Mortgages (PMMs) to 
help finance the sale of acquired single family properties. HUD would 
extend credit for these single-family homes to community nonprofit 
organizations or local government entities who would be expected to sell 
the properties to low- and moderate-income buyers. The use of PMMs 
provides a tool for State and local nonprofit organizations to use in 
revitalizing communities, and creates enhanced homeownership 
opportunities for low- and moderate-income families.

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4242-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on obligations:
1111  Limitation on direct loans........         100         250         250
1112  Unobligated direct loan limitation         -97
                                           ---------   ---------  ----------
1150    Total direct loan obligations...           3         250         250
----------------------------------------------------------------------------

    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........           3                     177
1231  Disbursements: Direct loan 
        disbursements...................           3         248         245
      Repayments:

1251    Repayments and prepayments......          -2         -69        -137
1252    Proceeds from loan asset sales 
          to the public or discounted...          -5
      Write-offs for default:

1263    Direct loans....................                      -2          -3
1264    Other adjustments, net..........           1
                                           ---------   ---------  ----------
1290    Outstanding, end of year........                     177         282
---------------------------------------------------------------------------

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4242-0-3-371    1999 actual    2000 actual     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................           9             13            10             10
1206  Non-Federal assets: Receivables, 
        net.............................                                       13             46
      Net value of assets related to 
          post-1991 direct loans 
          receivable:

1401    Direct loans receivable, gross..           3             -1           177            282
1405    Allowance for subsidy cost (-)..          -1             -1
                                        ------------ --------------  ------------  -------------
1499      Net present value of assets 
            related to direct loans.....           2             -2           177            282
                                        ------------ --------------  ------------  -------------
1999    Total assets....................          11             11           200            338
    LIABILITIES:
      Federal liabilities:

2103    Treasury borrowing..............           7             10           200            338
2105    Other liabilites--
          intragovernmental.............           3
      Non-Federal liabilities:

2201    Accounts payable................                          1
2202    Interest payable................           1
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............          11             11           200            338
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position          11             11           200            338
-----------------------------------------------------------------------------------------------

                                

    FHA--Mutual Mortgage Insurance Guaranteed Loan Financing Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4587-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.08 Interest payments to Treasury.....         471         479         486
00.11 Default claims and other..........       5,586       6,103       6,203
                                           ---------   ---------  ----------
00.91   Subtotal, capital/operating 
          expenses......................       6,057       6,582       6,689
      Negative Subsidy Activity:

08.01   Payment of negative subsidy to 
          liquidating account for new 
          business......................       1,864       2,246       2,501
08.02   Reestimate of loan guarantee 
          subsidy (downward reestimates)                     636
08.04   Interest on reestimates of loan 
          guarantee subsidy.............                      40
                                           ---------   ---------  ----------
08.91   Subtotal, subsidy activity......       1,864       2,922       2,501
                                           ---------   ---------  ----------
10.00   Total new obligations...........       7,921       9,504       9,190
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........       2,980       2,659       4,298
22.00 New financing authority (gross)...       8,500      11,644       8,000
22.60 Portion applied to repay debt.....        -900        -500      -3,000
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......      10,580      13,803       9,298
23.95 Total new obligations.............      -7,921      -9,504      -9,190
24.40 Unobligated balance carried 
        forward, end of year............       2,659       4,298         109
----------------------------------------------------------------------------

    New financing authority (gross), detail:
      Mandatory:

67.15   Authority to borrow (indefinite)         700         200         500
      Spending authority from offsetting 
          collections:

        Discretionary:
68.00     Offsetting collections (cash).       7,897      11,444       7,500

[[Page 510]]

68.10     Change in uncollected customer 
            payments from Federal 
            sources.....................         -97
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....       7,800      11,444       7,500
                                           ---------   ---------  ----------
70.00   Total new financing authority 
          (gross).......................       8,500      11,644       8,000
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................          18         312         312
72.95   Uncollected customer payments 
          from program account, start of 
          year..........................         -97
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................         -79         312         312
73.10 Total new obligations.............       7,921       9,504       9,190
73.20 Total financing disbursements 
        (gross).........................      -7,627      -9,504      -9,190
74.00 Change in uncollected customer 
        payments from Federal sources...          97
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.         312         312         312
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year         312         312         312
87.00 Total financing disbursements 
        (gross).........................       7,627       9,504       9,190
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.00     Transfer of Reestimates from 
            reserves in Liquidating 
            account.....................                  -4,027
88.25     Interest on uninvested funds..        -241        -215        -150
          Non-Federal sources:
88.40       Fees and premiums...........      -3,239      -3,188      -3,258
88.40       Recoveries on defaults......      -3,826      -3,622      -3,953
88.40       Gross proceeds from asset 
              sales.....................        -209        -392        -139
88.40       Other.......................        -382
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........      -7,897     -11,444      -7,500
      Against gross financing authority only:

88.95   Change in receivables from 
          program accounts..............          97
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............         700         200         500
90.00 Financing disbursements...........        -269      -1,940       1,690
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4587-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on commitments:
2111  Limitation on guaranteed loans 
        made by private lenders.........     140,000     160,000     160,000
2112  Uncommitted loan guarantee 
        limitation......................     -45,839     -32,391     -25,264
                                           ---------   ---------  ----------
2150    Total guaranteed loan 
          commitments...................      94,161     127,609     134,736
----------------------------------------------------------------------------

    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........     355,608     401,960     468,930
2231  Disbursements of new guaranteed 
        loans...........................      86,274     106,016     119,712
2251  Repayments and prepayments........     -34,971     -33,795     -66,695
      Adjustments:

2261    Terminations for default that 
          result in loans receivable....         -55        -360        -588
2262    Terminations for default that 
          result in acquisition of 
          property......................      -4,829      -4,873      -4,709
2263    Terminations for default that 
          result in claim payments......         -67         -18         -46
                                           ---------   ---------  ----------
2290    Outstanding, end of year........     401,960     468,930     516,604
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..     401,960     468,930     516,604
----------------------------------------------------------------------------

    Addendum:
      Cumulative balance of defaulted guaranteed 
          loans that result in loans receivable:

2310    Outstanding, start of year......         360         102
2331    Disbursements for guaranteed 
          loan claims...................          55         360         588
2351    Repayments of loans receivable..          -9
2364    Other adjustments, net..........        -304        -462        -588
                                           ---------   ---------  ----------
2390      Outstanding, end of year......         102
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from loans insured in 1992 and thereafter. The amounts in this 
account are considered a means of financing and are not included in the 
budget totals. 

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4587-0-3-371          1999 
                                           actual\1\    2000 actual     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101    Fund balances with Treasury.....       3,228          2,768         4,299            109
        Investments in US securities:
1106      Receivables, net..............         187             91
      Non-Federal assets:

1206    Receivables, net................          10          2,952
1207    Advances and prepayments........           2
      Net value of assets related to 
          post-1991 acquired defaulted 
          guaranteed loans receivable:

1501    Defaulted guaranteed loans 
          receivable, gross.............         234            102
1502    Interest receivable.............          20            725
1504    Foreclosed property.............       2,820          1,113         2,052          2,052
1505    Allowance for subsidy cost......      -1,148
                                        ------------ --------------  ------------  -------------
1599      Net value of assets related to 
            defaulted guaranteed loan...       1,926          1,940         2,052          2,052
                                        ------------ --------------  ------------  -------------
1999    Total assets....................       5,353          7,751         6,351          2,161
    LIABILITIES:
      Federal liabilities:

2101    Accounts payable................       2,080          2,865
2103    Federal liabilities, Debt.......       6,382          6,182         5,882          3,382
      Non-Federal liabilities:

2201    Accounts payable................         102            208
2204    Liabilities for loan guarantees.      -3,289         -1,043           206         -1,221
2207    Other...........................          78           -461           263
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............       5,353          7,751         6,351          2,161
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position       5,353          7,751         6,351          2,161
-----------------------------------------------------------------------------------------------
    \1\ As reflected in the 2001 Budget.

                                

FHA--Mutual Mortgage and Cooperative Housing Insurance Funds Liquidating 
                                 Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4070-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
      Operating expenses:

00.03   Other operating costs...........          12          12          12
      Capital investment:

01.02   Assignment of defaulted 
          mortgages.....................          15          39         130
01.03   Acquisition of real properties..         689         859         234
01.05   Other obligations...............         -32
01.07   Capitalized property expenses...         268         218         139
01.08   Loss mitigation activities......           5          14          23
01.09   Preforeclosure sale claims......           7          14           4
                                           ---------   ---------  ----------
01.91     Total capital investment......         952       1,144         530
      Upward Re-estimates of Subsidy Activity:

08.07   Reestimate of loan guarantee 
          subsidy- upward re-estimates 
          from MMI reserves.............                   3,049
08.08   Interest on reestimates of loan 
          guarantee subsidy.............                     977
                                           ---------   ---------  ----------
08.91   Direct Program by Activities--
          Subtotal (1 level)............                   4,026
                                           ---------   ---------  ----------
10.00   Total new obligations...........         964       5,182         542
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........      14,675      17,744      17,458

[[Page 511]]

22.00 New budget authority (gross)......       3,926       4,896       4,274
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................         107
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......      18,708      22,640      21,732
23.95 Total new obligations.............        -964      -5,182        -542
24.40 Unobligated balance carried 
        forward, end of year............      17,744      17,458      21,190
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

68.00   Spending authority from 
          offsetting collections: 
          Offsetting collections (cash).       1,864       2,246       2,501
      Mandatory:

69.00   Offsetting collections (cash)...       1,741       2,650       1,773
69.10   Change in uncollected acounts 
          receivable from Federal 
          sources.......................         321
                                           ---------   ---------  ----------
69.90     Spending authority from 
            offsetting collections 
            (total mandatory)...........       2,062       2,650       1,773
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................       3,926       4,896       4,274
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................         945         917         717
72.95   Uncollected accounts receivable 
          from Federal sources, start of 
          year..........................        -202        -523        -523
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................         743         394         194
73.10 Total new obligations.............         964       5,182         542
73.20 Total outlays (gross).............        -885      -5,382        -617
73.45 Recoveries of prior year 
        obligations.....................        -107
74.00 Change in uncollected customer 
        payments from Federal sources...        -321
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.         917         717         642
74.95   Uncollected customer payments 
          from Federal sources, end of 
          year..........................        -523        -523        -523
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year         394         194         119
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................         142       1,356         423
86.98 Outlays from mandatory balances...         743       4,026         194
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         885       5,382         617
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Payment from financing account      -1,864      -2,922      -2,501
88.20     Interest on Federal securities        -967      -1,186      -1,315
          Non-Federal sources:
88.40       Fees and premiums...........         -37         -47         -42
88.40       Rebate of unearned prepaid 
              premiums collected........           2
88.40       Proceeds from sale of real 
              property..................        -756        -693        -397
88.40       Proceeds from sale of 
              mortgage notes............        -218         -46         -19
88.40       Repayment of mortgage notes 
              and sales contracts.......          -1
88.40       Interest and operating 
              income....................         -12          -2
88.40       Recoveries on defaulted 
              mortgages.................         -12
88.40       Other income................         260
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........      -3,605      -4,896      -4,274
      Against gross budget authority only:

88.95   Change in uncollected customer 
          payments from Federal sources.        -321
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................      -2,720         486      -3,657
----------------------------------------------------------------------------

    Memorandum (non-add) entries:
92.01 Total investments, start of year: 
        Federal securities: Par value...      14,942      17,260      17,760
92.02 Total investments, end of year: 
        Federal securities: Par value...      17,260      17,760      21,760
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4070-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........           4           3
1251  Repayments: Repayments and 
        prepayments.....................          -5          -3
1264  Write-offs for default: Other 
        adjustments, net................           4
                                           ---------   ---------  ----------
1290    Outstanding, end of year........           3
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4070-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........      55,866      47,619      40,912
2251  Repayments and prepayments........      -7,531      -5,782      -5,016
      Adjustments:

2261    Terminations for default that 
          result in loans receivable....         -20         -50        -148
2262    Terminations for default that 
          result in acquisition of 
          property......................        -689        -859        -234
2263    Terminations for default that 
          result in claim payments......          -7         -16          -9
                                           ---------   ---------  ----------
2290    Outstanding, end of year........      47,619      40,912      35,505
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..      47,619      40,912      35,505
----------------------------------------------------------------------------

    Addendum:
      Cumulative balance of defaulted guaranteed 
          loans that result in loans receivable:

2310    Outstanding, start of year......         270          46          39
2331    Disbursements for guaranteed 
          loan claims...................          20          50         148
2351    Repayments of loans receivable..         -14
2361    Write-offs of loans receivable..         -42         -19         -43
2364    Other adjustments, net..........        -188         -38        -111
                                           ---------   ---------  ----------
2390      Outstanding, end of year......          46          39          33
---------------------------------------------------------------------------

    The Federal Housing Administration Fund currently consists of four 
separate insurance funds.

    In order to present more clearly the operations of the various 
funds, FHA's budget transactions are separated into two major business 
segments. The basic single-family insurance programs in the Mutual 
Mortgage Insurance (MMI) fund and the multifamily Cooperative Management 
Housing Insurance (CMHI) funds form one segment. All other multifamily 
and other specialized insurance programs in the General Insurance and 
Special Risk Insurance funds (GI/SRI) form the other segment.

    The Federal Credit Reform Act of 1990 creates a structure of three 
accounts for existing credit program. For each of the FHA business 
segments (MMI/CMHI and GI/SRI) there is a liquidating account, which 
records the revenues and costs associated with loan insurance committed 
prior to October 1, 1991, a financing account which records the revenues 
and costs associated with commitments to insure loans made after 
September 30, 1991, and, a program account which records the 
transactions associated with the program subsidy costs, if any, and the 
costs of administering the program.

    This liquidating account records, for this program, all cash flows 
to and from the Government resulting from MMI/CMHI loans insured prior 
to 1992 and is shown on a cash basis. All new activity in this program 
in 1992 and thereafter (including modifications of loans insured in any 
year) is recorded in the corresponding program (86-0183) and financing 
(86-4587 and 86-4242) accounts.

    The program activity in the ``Program Highlights'' table shown below 
reflects only the activity in the MMI/CMHI liquidating and financing 
accounts. The GI/SRI program activity can be found with the GI/SRI 
liquidating account (86-4072).

                           PROGRAM HIGHLIGHTS

                        (in millions of dollars)

                                    2000 actual 
                                         \1\      2001 est.   2002 est.
Insurance initiation:
  Mortgage insurance commitments 
    (units).........................     911,345   1,207,579   1,243,311
                                    ====================================
Mortgage insurance written (in 
    fiscal year):
  Units.............................     873,265   1,046,799   1,152,947
  Amount............................     $86,274    $106,016    $119,712
                                    ====================================

[[Page 512]]


Insurance maintenance: Outstanding 
    balance of insurance in force, 
    end of year:
  Mortgage insurance................    $449,805    $505,021    $552,684
                                    ====================================
    \1\ Unaudited preliminary results.

    Financial condition.--The following tables reflect the revenues, 
expenses and financial condition of the MMI/CMHI liquidating funds based 
on Generally Accepted Accounting Principles.

                        Statement of Operations (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4070-0-3-371    1999 actual 2000 actual\1\     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
0101  Revenue...........................       1,391          1,372         1,554          1,633
0102  Expense...........................        -148           -207          -279           -259
                                        ------------ --------------  ------------  -------------
0105  Net income or loss (-)............       1,243          1,165         1,275          1,374
0108  Other comprehensive income........       4,825          1,867         2,603          2,501
-----------------------------------------------------------------------------------------------
    \1\ Estimated result on GAAP basis pending final audit.

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4070-0-3-371          1999 
                                           actual\1\    2000 actual     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101    Fund balances with Treasury.....         346          1,139           518            323
        Investments in US securities:
          Treasury securities, par:
1102        Treasury securities, par....      14,942         17,260        18,260         21,760
1102        Unamortized net premium/
              discount..................        -213           -208          -220           -263
1106      Receivables, net..............       2,282          2,526         2,526          2,526
      Non-Federal assets:

1206    Receivables, net................          18             34            34             34
1207    Advances and prepayments........          43                           43
      Net value of assets related to 
          pre-1992 direct loans 
          receivable and acquired 
          defaulted guaranteed loans 
          receivable:

1601    Direct loans, gross.............           5              4
1602    Interest receivable.............           3              2
1603    Allowance for estimated 
          uncollectible loans and 
          interest (-)..................          -4             -3            -3
                                        ------------ --------------  ------------  -------------
1699      Value of assets related to 
            direct loans................           4              3            -3
1701    Defaulted guaranteed loans, 
          gross.........................         317             25            50              8
1702    Interest receivable.............         322             17
1703    Allowance for estimated 
          uncollectible loans and 
          interest (-)..................        -331            -31           -62             -5
                                        ------------ --------------  ------------  -------------
1704      Defaulted guaranteed loans and 
            interest receivable, net....         308             11           -12              3
1705    Allowance for uncollectables 
          from foreclosed property......        -367
1706    Foreclosed property.............         902            309           395             63
                                        ------------ --------------  ------------  -------------
1799      Value of assets related to 
            loan guarantees.............         843            320           383             66
1901  Other Federal assets: Other assets                         14            14             14
                                        ------------ --------------  ------------  -------------
1999    Total assets....................      18,265         21,088        21,555         24,460
    LIABILITIES:
      Federal liabilities:

2101    Accounts payable................          91             91            91             91
2105    Other Intragovernmental 
          liabilites....................          77             77            77             77
      Non-Federal liabilities:

2201    Accounts payable................         388            726           726            726
2204    Liabilities for loan guarantees.         669            462           370
2207    Unearned revenue and advances, 
          and other.....................         848            584           446            467
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............       2,073          1,940         1,710          1,361
    NET POSITION:
3300  Cumulative results of operations..      16,192         19,148        19,845         23,099
                                        ------------ --------------  ------------  -------------
3999    Total net position..............      16,192         19,148        19,845         23,099
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position      18,265         21,088        21,555         24,460
-----------------------------------------------------------------------------------------------
    \1\ As reflected in the 2001 Budget.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4070-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
25.2  Other services....................         243         230         151
32.0  Land and structures...............         689         859         234
33.0  Investments and loans.............          20          50         148
41.0  Grants, subsidies, and 
        contributions...................                   3,049
42.0  Insurance claims and indemnities..          12          17           9
43.0  Interest and dividends............                     977
                                           ---------   ---------  ----------
99.9    Total new obligations...........         964       5,182         542
---------------------------------------------------------------------------

                                

              FHA--General and Special Risk Program Account

                     (including transfers of funds)

    For the cost of guaranteed loans, as authorized by sections 238 and 
519 of the National Housing Act (12 U.S.C. 1715z-3 and 1735c), including 
the cost of loan guarantee modifications (as that term is defined in 
section 502 of the Congressional Budget Act of 1974, as amended), 
[$101,000,000] $15,000,000, to remain available until expended: 
Provided, That these funds are available to subsidize total loan 
principal, any part of which is to be guaranteed, of up to 
$21,000,000,000: Provided further, That any amounts made available in 
any prior appropriations Act for the cost (as such term is defined in 
section 502 of the Congressional Budget Act of 1974) of guaranteed loans 
that are obligations of the funds established under section 238 or 519 
of the National Housing Act that have not been obligated or that are 
deobligated shall be available to the Secretary of Housing and Urban 
Development in connection with the making of such guarantees and shall 
remain available until expended, notwithstanding the expiration of any 
period of availability otherwise applicable to such amounts.
    Gross obligations for the principal amount of direct loans, as 
authorized by sections 204(g), 207(l), 238, and 519(a) of the National 
Housing Act, shall not exceed $50,000,000; of which not to exceed 
$30,000,000 shall be for bridge financing in connection with the sale of 
multifamily real properties owned by the Secretary and formerly insured 
under such Act; and of which not to exceed $20,000,000 shall be for 
loans to nonprofit and governmental entities in connection with the sale 
of single-family real properties owned by the Secretary and formerly 
insured under such Act.
    In addition, for administrative expenses necessary to carry out the 
guaranteed and direct loan programs, [$211,455,000] $216,100,000, of 
which [$193,134,000] $197,779,000, shall be transferred to the 
appropriation for ``Salaries and expenses''; and of which $18,321,000 
shall be transferred to the appropriation for ``Office of Inspector 
General''. In addition, for administrative contract expenses necessary 
to carry out the guaranteed and direct loan programs, $144,000,000[, of 
which $33,500,000 shall be transferred to the Working Capital Fund for 
the development and maintenance of information technology systems]: 
Provided, That to the extent guaranteed loan commitments exceed 
$8,426,000,000 on or before April 1, [2001] 2002, an additional 
$19,800,000 for administrative contract expenses shall be available for 
each $1,000,000 in additional guaranteed loan commitments over 
$8,426,000,000 (including a pro rata amount for any increment below 
$1,000,000), but in no case shall funds made available by this proviso 
exceed $14,400,000. (Departments of Veterans Affairs and Housing and 
Urban Development, and Independent Agencies Appropriations Act, 2001, as 
enacted by section 1(a)(1) of P.L. 106-377.)
    [For an additional amount for FHA--General and special risk program 
account for the cost of guaranteed loans, as authorized by sections 238 
and 519 of the National Housing Act (12 U.S.C. 1715z-3 and 1735c), 
including the cost of loan modifications (as that term is defined in 
section 502 of the Congressional Budget Act of 1974, as amended), 
$40,000,000, to remain available until expended: Provided, That the 
entire amount shall be available only to the extent an official budget 
request, that includes designation of the entire amount of the request 
as an emergency requirement as defined in the Balanced Budget and 
Emergency Deficit Control Act of 1985, as amended, is transmitted by the 
President to the Congress: Provided further, That the entire amount is 
designated by the Congress as an emergency requirement pursuant to 
section 251(b)(2)(A) of the

[[Page 513]]

Balanced Budget and Emergency Deficit Control Act: Provided further, 
That the funding under this heading shall only be made available upon 
the submission of a certification by the Secretary of Housing and Urban 
Development to the Committees on Appropriations that all funds 
committed, expended, or obligated under this heading in the Departments 
of Veterans Affairs and Housing and Urban Development, Independent 
Agencies Appropriations Act, 2000 were committed, expended or obligated 
in compliance with the Antideficiency Act (31 U.S.C. 1341).] 
(Legislative Appropriations Act, 2001, as enacted by section 1(a)(2) of 
P.L. 106-554.)

        General Fund Credit Receipt Accounts (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0200-0-1-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
0101  FHA-General and special risk, 
        negative subsidies..............          62         103         445
0102  FHA-General and special risk, 
        downward reestimates of 
        subsidies.......................                     304
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0200-0-1-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.02 Guaranteed loan subsidy...........         155         141          15
00.07 Reestimate of credit subsidy......                      33
00.08 Interest on reestimates of loan 
        guarantee subsidy...............                      13
00.09 Administrative expenses, salaries 
        & expenses transfer.............         211         211         216
00.10 Administrative contract expenses..         116         144         144
                                           ---------   ---------  ----------
10.00   Total new obligations...........         482         542         375
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         250           8           1
22.00 New budget authority (gross)......         231         541         375
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          37
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         518         549         376
23.95 Total new obligations.............        -482        -542        -375
23.98 Unobligated balance expiring or 
        withdrawn.......................         -28          -7
24.40 Unobligated balance carried 
        forward, end of year............           8           1           1
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         231         456         375
40.15   Appropriation (emergency).......                      40
40.77   Reduction pursuant to P.L. 106-
          554 (0.22 percent)............                      -1
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         231         495         375
      Mandatory:

60.05   Appropriation (indefinite)......                      46
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         231         541         375
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................          78         128         131
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................          78         128         131
73.10 Total new obligations.............         482         542         375
73.20 Total outlays (gross).............        -395        -539        -406
73.45 Recoveries of prior year 
        obligations.....................         -37
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.         128         131         100
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year         128         131         100
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         204         424         335
86.93 Outlays from discretionary 
        balances........................         191          68          71
86.97 Outlays from new mandatory 
        authority.......................                      46
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         395         539         406
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         231         541         375
90.00 Outlays...........................         395         539         406
---------------------------------------------------------------------------

  Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program   
                          (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0200-0-1-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Direct loan levels supportable by subsidy 
                budget authority:
1150  Single-family PMMs................                       2           2
1150  Multifamily bridge loans..........                       2           2
1150  Unused Limitation Authority.......          50          46          46
                                           ---------   ---------  ----------
1159    Total direct loan levels........          50          50          50
----------------------------------------------------------------------------

    Guaranteed loan levels supportable by subsidy 
                budget authority:
2150  Apartments NC/SC..................       1,367       2,304       3,000
2150  221d3 NP/Coop owned apts..........         103          49          67
2150  Tax Credits NC....................         184         105         500
2150  Mixed Income (Hope d4)............                       9           9
2150  Apartments Refinance..............         166         912         951
2150  241a Supplemental Loans for Apts..          29          54          18
2150  Operating Loss Loans for Apts 
        (plus 232)......................           5          13           4
2150  HFA Risk Sharing..................         240         678         650
2150  GSE Risk Sharing..................           2         816         100
2150  FHA Full Insurance for Health Care 
        Facilities (plus 241/232).......         702         421       1,000
2150  Health Care Refinances............         192         336         500
2150  Hospitals.........................          17       1,030         100
2150  Section 234: Condominiums.........       5,175       8,137       8,482
2150  Section 203(k): Rehabilitation 
        Mortgages.......................         848       1,339       1,395
2150  Section 221(d)(2): Low Income 
        Housing.........................           9
2150  Title 1 Property Improvements.....         258         464         216
2150  Title 1 Manufactured housing......          11          10          11
2150  Standby authority.................       8,792       4,323       3,997
                                           ---------   ---------  ----------
2159    Total loan guarantee levels.....      18,100      21,000      21,000
    Guaranteed loan subsidy (in percent):
2320  Apartments NC/SR..................        7.12        3.35       -0.14
2320  221d3 NP/Coop owned apts..........       15.44       17.22       10.30
2320  Tax Credits NC....................       -0.57       -1.75       -2.50
2320  Mixed Income (Hope IV)............       11.81        3.35       -0.14
2320  Apartments Refinance..............       -1.34       -1.11       -0.97
2320  241a Supplemental Loans for Apts..       13.88       22.08       29.31
2320  Operating Loss Loans for Apts 
        (plus 232's)....................       25.10       22.55       21.05
2320  HFA Risk Sharing..................       -0.45       -1.14       -1.55
2320  GSE Risk Sharing..................       -1.88       -1.52       -0.57
2320  FHA Full Insurance for Health Care 
        Facilities (plus 241/232).......       -2.79       -2.07       -2.21
2320  Health Care Refinance.............       -1.90       -1.38       -2.54
2320  Hospital..........................       -1.60       -1.77       -0.36
2320  Section 234: Condominiums.........        0.26       -0.69       -1.99
2320  Section 203(k): Rehabilitation 
        Mortgages.......................        1.75       -0.11       -1.53
2320  Section 221(d)(2): Low Income 
        Housing.........................        4.49        0.00        0.00
2320  Title 1 Property Improvements.....        0.86       -0.06        0.96
2320  Title 1 Manufactured housing......        0.99        0.14       -0.84
                                           ---------   ---------  ----------
2329    Weighted average subsidy rate...        1.31       -0.12       -1.45
    Guaranteed loan subsidy budget authority:
2330  Subsidy budget authority..........                     101          15
2330  Negative Subsidy Receipts.........         -62        -103        -245
2330  Subsidy rate upward reestimate....                      46
2330  Subsidy rate downward reestimate..                    -304
2330  Emergency Appropriation...........                      40
                                           ---------   ---------  ----------
2339    Total subsidy budget authority..         -62        -220        -230
    Guaranteed loan subsidy outlays:
2340  Subsidy outlays...................         160         115          36
2340  Negative Subsidy Receipts.........         -62        -103        -245
2340  Subsidy upward reestimate.........                      46
2340  Subsidy rate downward reestimate..                    -304
2340  Subsidy outlays from Emergency 
        Appropriation...................                      30          10
                                           ---------   ---------  ----------
2349    Total subsidy outlays...........          98        -216        -199
----------------------------------------------------------------------------

    Administrative expense data:
3510  Budget authority, S&E Transfer....          87         211         216
3510  Budget authority, FHA.............         144         144         144
3580  Outlays from balances.............          94          29          36
3590  Outlays from new authority........         141         319         324
---------------------------------------------------------------------------

    Multifamily Products.--This account includes budget authority for 
multifamily insurance programs requiring positive credit subsidies, as 
well as for salaries and expenses and other administrative costs for all 
General and Special Risk Insurance Fund programs.

[[Page 514]]

    As required by the Federal Credit Reform Act of 1990, this account 
records, for the single family, multifamily, hospital, and Title I 
insurance programs of FHA's General Insurance and Special Risk Insurance 
Funds, the subsidy costs associated with the loan guarantees committed 
or direct loans obligated in 1992 and thereafter (including 
modifications of loan guarantees or direct loans that resulted from 
obligations or commitments in any year), as well as administrative 
expenses of these programs. The subsidy amounts are estimated on a 
present value basis; the administrative expenses are accounted for on a 
cash basis.

    The Budget includes an increase in the annual premium rate of 
multifamily Section 221(d)(4) loan guarantees from 50 basis points to 80 
basis points. This eliminates the need for appropriated credit subsidy 
to support this program.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0200-0-1-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
25.1  Advisory and assistance services..         116         144         144
25.3  Purchases of goods and services 
        from Government accounts........         211         211         216
41.0  Grants, subsidies, and 
        contributions...................         155         187          15
                                           ---------   ---------  ----------
99.9    Total new obligations...........         482         542         375
---------------------------------------------------------------------------

                                

     FHA--General and Special Risk Guaranteed Loan Financing Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4077-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
      Capital investment, claims and other:

00.01   Default claims and other........         726       1,104       1,198
00.05   Interest paid to Treasury.......         104         120         135
00.08   Asset sale negative subsidy 
          payment to the receipt account                                 200
00.09   Asset sale payment to 
          liquidating account...........                     329         226
00.10   Value paid to liquidating 
          account for guarantees 
          refinanced under 223(a)(7)....           1           3           3
00.14   Contract Costs..................         114         100         100
                                           ---------   ---------  ----------
00.91     Direct Program by Activities--
            Subtotal (1 level)..........         945       1,656       1,862
08.01   Payment of negative subsidy to 
          receipt account...............          62         103         445
08.02   Downward subsidy rate reestimate                     261
08.04   Interest on subsidy rate 
          reestimates...................                      43
                                           ---------   ---------  ----------
08.91     Direct Program by Activities--
            Subtotal (1 level)..........          62         407         445
                                           ---------   ---------  ----------
10.00     Total new obligations.........       1,007       2,063       2,307
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........       1,907       1,801       1,955
22.00 New financing authority (gross)...       1,530       2,463       2,121
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          12
22.60 Portion applied to repay debt.....        -640        -246        -246
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       2,809       4,018       3,830
23.95 Total new obligations.............      -1,007      -2,063      -2,307
24.40 Unobligated balance carried 
        forward, end of year............       1,801       1,955       1,523
----------------------------------------------------------------------------

    New financing authority (gross), detail:
      Mandatory:

67.15   Authority to borrow (indefinite)                     200         200
      Spending authority from offsetting 
          collections:

        Discretionary:
68.00     Offsetting collections (cash).       1,464       2,263       1,921
68.10     Change in uncollected customer 
            payments from Federal 
            sources.....................          66
                                           ---------   ---------  ----------
68.90       Spending authority from 
              offsetting collections 
              (total discretionary).....       1,530       2,263       1,921
                                           ---------   ---------  ----------
70.00   Total new financing authority 
          (gross).......................       1,530       2,463       2,121
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................          13          12         115
72.95   Uncollected customer payments 
          from program account, start of 
          year..........................         -49        -115        -115
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................         -36        -103
73.10 Total new obligations.............       1,007       2,063       2,307
73.20 Total financing disbursements 
        (gross).........................        -997      -1,960      -2,307
73.45 Recoveries of prior year 
        obligations.....................         -12
74.00 Change in uncollected customer 
        payments from Federal sources...         -66
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.          12         115         115
74.95   Uncollected customer payments 
          from program account, end of 
          year..........................        -115        -115        -115
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year        -103
87.00 Total financing disbursements 
        (gross).........................         997       1,960       2,307
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
          Federal sources:
88.00       Payments from program 
              account...................        -154        -141         -46
88.00       Repayment of principal and 
              interest from liquidating 
              account...................        -273        -273         -16
88.00       Subsidy reestimate from 
              program account...........                     -46
88.25     Interest on uninvested funds..        -129        -135        -135
          Non-Federal sources:
88.40       Fees and premiums...........        -386        -435        -494
88.40       Recoveries on defaulted 
              mortgages.................         -38          -5          -9
88.40       Title I recoveries..........         -24          -6          -6
88.40       Single family property 
              recoveries................        -391        -383        -413
88.40       Other recoveries............         -47
88.40       Gross Proceeds from sale of 
              mortgage notes 
              (liquidating).............                    -329        -226
88.40       Gross Proceeds from Mortgage 
              Note Sales................         -13        -505        -567
88.40       Multifamily property 
              recoveries................          -9          -5          -9
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........      -1,464      -2,263      -1,921
      Against gross financing authority only:

88.95   Change in receivables from 
          program accounts..............         -66
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............                     200         200
90.00 Financing disbursements...........        -467        -303         386
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4077-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on commitments:
2111  Limitation on guaranteed loans 
        made by private lenders.........      18,100      21,000      21,000
2112  Uncommitted loan guarantee 
        limitation......................      -8,792      -3,619      -5,478
                                           ---------   ---------  ----------
2150    Total guaranteed loan 
          commitments...................       9,308      17,381      15,522
----------------------------------------------------------------------------

    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........      59,692      69,128      72,845
2231  Disbursements of new guaranteed 
        loans...........................      12,507      15,175      15,732
2251  Repayments and prepayments........      -2,344     -10,355      -8,930
      Adjustments:

2261    Terminations for default that 
          result in loans receivable....        -226        -462        -526
2262    Terminations for default that 
          result in acquisition of 
          property......................        -498        -641        -672
2263    Terminations for default that 
          result in claim payments......          -3
                                           ---------   ---------  ----------
2290    Outstanding, end of year........      69,128      72,845      78,449
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..      69,128      72,845      78,449
----------------------------------------------------------------------------

    Addendum:
      Cumulative balance of defaulted guaranteed 
          loans that result in loans receivable:

2310    Outstanding, start of year......         491         552         504
2331    Disbursements for guaranteed 
          loan claims...................         226         462         526
2351    Repayments of loans receivable..         -79        -510        -577

[[Page 515]]

2361    Write-offs of loans receivable..         -86
                                           ---------   ---------  ----------
2390      Outstanding, end of year......         552         504         453
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from loan guarantees committed in 1992 and thereafter 
(including modifications of loan guarantees that resulted from 
commitments in any year) for FHA's General and Special Risk Insurance 
Fund programs. The amounts in this account are a means of financing and 
are not included in the budget totals. As required by the Federal Credit 
Reform Act of 1990, no administrative expenses can be recorded in the 
financing account.

                           Balance Sheet\1\ (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4077-0-3-371    1999 actual    2000 actual     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101    Fund balances with Treasury.....       1,897          1,698         1,633          1,663
        Investments in US securities:
1106      Receivables, net..............         520            344
1107      Borrowings receivable from 
            liquidating account.........                                      202            202
      Non-Federal assets:

1201    Investments in non-Federal 
          securities, net...............          26              7
1206    Receivables, net................           2              3
      Net value of assets related to 
          post-1991 acquired defaulted 
          guaranteed loans receivable:

1501    Defaulted guaranteed loans 
          receivable, gross.............         486            552           504            453
1502    Interest receivable.............           5              8
1504    Foreclosed property.............         347            225           598            598
1505    Allowance for subsidy cost......        -541                       -1,061         -1,061
                                        ------------ --------------  ------------  -------------
1599      Net value of assets related to 
            defaulted guaranteed loan...         297            785            41            -10
1901  Other Federal assets: Other assets          -2             -8
                                        ------------ --------------  ------------  -------------
1999    Total assets....................       2,740          2,829         1,876          1,855
    LIABILITIES:
      Federal liabilities:

2101    Accounts payable 
          Intragovernmental.............           4              6
2103    Debt............................       1,606            966           738            738
2105    Payable to Special Receipt 
          Account for Subsidy Reestimate         338            338
      Non-Federal liabilities:

2201    Accounts payable................           8            -17
2203    Debt............................                         -2
2204    Liabilities for loan guarantees.         770          1,533         1,142          1,117
2207    Other...........................          14              5
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............       2,740          2,829         1,880          1,855
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position       2,740          2,829         1,880          1,855
-----------------------------------------------------------------------------------------------
    \1\ Preliminary results pending final audit. Subsidy reestimates for 
fiscal year 2000 disbursements will be performed for the Mid-Session 
review of the Budget.

                                

       FHA--General and Special Risk Direct Loan Financing Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4105-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct loans......................                       3           3
00.02 Interest paid to Treasury.........                       1           1
                                           ---------   ---------  ----------
10.00   Total new obligations...........                       4           4
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           1
22.00 New financing authority (gross)...                       3           3
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......           1           3           3
23.95 Total new obligations.............                      -4          -4
----------------------------------------------------------------------------

    New financing authority (gross), detail:
      Mandatory:

67.15   Authority to borrow (indefinite)                       3           3
      Spending authority from offsetting 
          collections:

        Discretionary:
68.00     Offsetting collections (cash).                       1           4
68.47     Portion applied to repay debt.                      -1          -4
                                           ---------   ---------  ----------
70.00   Total new financing authority 
          (gross).......................                       3           3
----------------------------------------------------------------------------

    Change in unpaid obligations:
73.10 Total new obligations.............                       4           4
73.20 Total financing disbursements 
        (gross).........................                      -4          -4
87.00 Total financing disbursements 
        (gross).........................                       4           4
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
          Non-Federal sources:
88.40       Interest received on loans..                      -1          -1
88.40       Repayment of Principal......                                  -3
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........                      -1          -4
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............                       2          -1
90.00 Financing disbursements...........                       3
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4105-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on obligations:
1111  Limitation on direct loans........          50          50          50
1112  Unobligated direct loan limitation         -50         -46         -46
                                           ---------   ---------  ----------
1150    Total direct loan obligations...                       4           4
----------------------------------------------------------------------------

    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........           1           1           4
1231  Disbursements: Direct loan 
        disbursements...................                       4           4
1251  Repayments: Repayments and 
        prepayments.....................                      -1          -4
                                           ---------   ---------  ----------
1290    Outstanding, end of year........           1           4           4
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this non-
budgetary account records all cash flows to and from the Government 
resulting from direct loans obligated in 1992 and thereafter (including 
loan modifications) for FHA's General Insurance and Special Risk 
Insurance Fund programs. The amounts in this account are a means of 
financing and are not included in the budget totals. As required by the 
Federal Credit Reform Act of 1990, no administrative expenses can be 
recorded in the financing account.

    This schedule includes two direct loan programs. One provides bridge 
loan financing to facilitate the disposition of multifamily housing 
owned by the Department to non-profit organizations who agree to 
preserve it as affordable rental or cooperative housing. The second is a 
single-family direct loan program for purchase money mortgages, as 
discussed in the preceding section for the Mutual Mortgage Insurance 
Fund.

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4105-0-3-371    1999 actual    2000 actual     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Net value of assets related to 
          post-1991 direct loans 
          receivable:

1401    Direct loans receivable, gross..           1                            2              2
                                        ------------ --------------  ------------  -------------
1499      Net present value of assets 
            related to direct loans.....           1                            2              2
                                        ------------ --------------  ------------  -------------
1999    Total assets....................           1                            2              2
    LIABILITIES:
      Federal liabilities:

2103    Treasury borrowing..............           1                            1              1
2104    Resources payable to Treasury...                                        1              1
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............           1                            2              2
                                        ------------ --------------  ------------  -------------

[[Page 516]]


4999  Total liabilities and net position           1                            2              2
-----------------------------------------------------------------------------------------------

                                

          FHA--Loan Guarantee Recovery Fund--Financing Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4106-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........           1           1           5
22.00 New financing authority (gross)...                       4
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......           1           5           5
24.40 Unobligated balance carried 
        forward, end of year............           1           5           5
----------------------------------------------------------------------------

    New financing authority (gross), detail:
      Discretionary:

68.00   Spending authority from 
          offsetting collections 
          (gross): Offsetting 
          collections (cash)............                       4
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............                      -4
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........                      -4
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............
90.00 Financing disbursements...........                      -4
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4106-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on commitments:
2111  Limitation on guaranteed loans 
        made by private lenders.........           7           4
2113  Uncommitted limitation carried 
        forward.........................          -4
                                           ---------   ---------  ----------
2150    Total guaranteed loan 
          commitments...................           3           4
----------------------------------------------------------------------------

    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........           2           3           7
2231  Disbursements of new guaranteed 
        loans...........................           1           4           3
                                           ---------   ---------  ----------
2290    Outstanding, end of year........           3           7          10
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..           3           7          10
---------------------------------------------------------------------------

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4106-0-3-371    1999 actual    2000 actual     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Investments in US securities:

1102    Federal assets: Treasury 
          securities, par...............           1              1             5
                                        ------------ --------------  ------------  -------------
1999    Total assets....................           1              1             5
    LIABILITIES:
2204  Non-Federal liabilities: 
        Liabilities for loan guarantees.           1              1             5
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............           1              1             5
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position           1              1             5
-----------------------------------------------------------------------------------------------

    Section 4 of the Church Arson Prevention Act of 1996 (P.L. 104-155), 
entitled ``Loan Guarantee Recovery Fund,'' authorizes the Secretary of 
Housing and Urban Development to guarantee loans made by financial 
institutions to assist certain nonprofit organizations that were damaged 
as a result of acts of arson or terrorism.

                                

    FHA--General and Special Risk Insurance Funds Liquidating Account

              Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4072-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............           7           7           7
                                           ---------   ---------  ----------
07.99 Balance, end of year..............           7           7           7
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4072-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
      Operating expenses:

00.02   Interest on debentures..........          25          22          22
00.03   Other operating costs...........           9          18          20
00.04   M & M Contract..................          19          10           7
00.05   Legislative savings repayments..         273         273          16
00.06   PAE & 3rd party restructuring 
          fees..........................          10          31          26
                                           ---------   ---------  ----------
00.91     Total operating expenses......         336         354          91
      Capital investment: Claims and other:

01.01   Acquisition of defaulted Title I 
          notes.........................          -8          12           6
01.02   Assignment of mortgages.........         107         201         205
01.03   Assignments per 221 G4..........         248         367         491
01.04   Assignments-Portfolio 
          Reengineering.................         110
01.05   Mark-To-Market Restructures.....           2         570       1,275
01.06   Mark-to-market rehabilitation...           1
01.07   Loss on defaulted guaranteed 
          loans.........................          50           3           3
01.08   Tax advances on held mortgages..         -26          50          50
01.09   Acquisition of real properties..         107          97          95
01.10   Capitalized property expenses...         149         160         150
01.11   Rehabilitation of real 
          properties....................         119         130         125
01.12   Upfront Grants..................          41          75          92
01.13   Other...........................          -9           3           5
                                           ---------   ---------  ----------
01.91     Total capital investment......         891       1,668       2,497
                                           ---------   ---------  ----------
10.00   Total new obligations...........       1,227       2,022       2,588
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         285       1,245
22.00 New budget authority (gross)......       2,167       2,071       2,634
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................          19
22.40 Capital transfer to general fund..                  -1,245
22.60 Portion applied to repay debt.....                     -49         -46
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       2,471       2,022       2,588
23.95 Total new obligations.............      -1,227      -2,022      -2,588
24.40 Unobligated balance carried 
        forward, end of year............       1,245
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.05   Appropriation (indefinite)......       1,194       1,092       1,904
67.15   Authority to borrow (debentures 
          issued).......................         112          46          46
69.00 Offsetting collections (cash).....         816         933         684
69.10 Change in uncollected customer 
        payments from Federal sources...          45
                                           ---------   ---------  ----------
69.90   Spending authority from 
          offsetting collections (total 
          mandatory)....................         861         933         684
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................       2,168       2,071       2,634
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................         611         560          49
72.95   Uncollected customer payments 
          from Federal sources, start of 
          year..........................          -4         -49         -49
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................         607         511
73.10 Total new obligations.............       1,227       2,022       2,588
73.20 Total outlays (gross).............      -1,259      -2,533      -2,634
73.45 Recoveries of prior year 
        obligations.....................         -19
74.00 Change in uncollected customer 
        payments from Federal sources...         -45

[[Page 517]]

      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.         560          49           3
74.95   Uncollected customer payments 
          from Federal sources, end of 
          year..........................         -49         -49         -49
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year         511                     -46
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................       1,259       2,022       2,634
86.98 Outlays from mandatory balances...                     511
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........       1,259       2,533       2,634
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.00     Federal sources...............          19
          Non-Federal sources:
88.40       Fees and premiums...........        -141        -160        -128
88.40       Rebates of insurance 
              premiums..................                      10          10
88.40       Multifamily foreclosure 
              sales.....................         -75         -25         -28
88.40       Proceeds from sale of real 
              property..................        -104        -126        -112
88.40       Proceeds from sale of 
              mortgage notes............         -20        -329        -226
88.40       MTM second mortgage 
              repayments................                     -10          -5
88.40       Prior year recoveries.......         -19
88.40       Recoveries on defaulted 
              mortgages.................        -147        -158         -82
88.40       Interest....................         -77         -25         -25
88.40       Other interest, dividends 
              and revenue...............         -24         -30         -30
88.40       Modification subsidy & 
              transfers from financing 
              acct......................                      -3          -3
88.40       Payment from the Finanacing 
              Account...................          -1          -3          -5
88.40       Other collections...........        -227         -74         -50
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........        -816        -933        -684
      Against gross budget authority only:

88.95   Change in uncollected customer 
          payments from Federal sources.         -45
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................       1,306       1,138       1,950
90.00 Outlays...........................         443       1,600       1,950
----------------------------------------------------------------------------

    Memorandum (non-add) entries:
92.01 Total investments, start of year: 
        Federal securities: Par value...           5           7           6
92.02 Total investments, end of year: 
        Federal securities: Par value...           7           6           6
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4072-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........          68          44          20
1251  Repayments: Repayments and 
        prepayments.....................         -24         -24         -10
                                           ---------   ---------  ----------
1290    Outstanding, end of year........          44          20          10
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4072-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........      32,905      29,761      27,783
2251  Repayments and prepayments........      -2,530      -1,571      -2,323
      Adjustments:

2261    Terminations for default that 
          result in loans receivable....        -457        -208        -211
2262    Terminations for default that 
          result in acquisition of 
          property......................        -107         -97         -95
2263    Terminations for default that 
          result in claim payments......         -50        -102         -81
                                           ---------   ---------  ----------
2290    Outstanding, end of year........      29,761      27,783      25,073
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..      29,761      27,783      25,073
----------------------------------------------------------------------------

    Addendum:
      Cumulative balance of defaulted guaranteed 
          loans that result in loans receivable:

2310    Outstanding, start of year......       1,890       1,960       1,262
2331    Disbursements for guaranteed 
          loan claims...................         457         208         211
2351    Repayments of loans receivable..        -324        -583        -474
2361    Write-offs of loans receivable..         -63        -323        -687
                                           ---------   ---------  ----------
2390      Outstanding, end of year......       1,960       1,262         312
---------------------------------------------------------------------------

    The General Insurance fund provides for a large number of 
specialized mortgage insurance programs, including the in- surance of 
loans for property improvements as well as for cooperatives, 
condominiums, nursing homes, rental housing and nonprofit hospitals.

    The Special Risk Insurance fund provides insurance on behalf of 
mortgagors who otherwise would not be eligible for mortgage insurance. 
In addition, the fund provides insurance on mortgages covering 
experimental housing where strict adherence to State or local building 
regulations was not observed.

    As required by the Federal Credit Reform Act of 1990, this account 
records, for this program, all cash flows to and from the Government 
resulting from loan guarantees committed and direct loans obligated 
prior to 1992. This account is shown on a cash basis. New insurance and 
direct loan activity in 1992 and thereafter in the GI/SRI programs is 
recorded in corresponding program (86-0200) and financing (86-4077 and 
86-4105) accounts.

    Section 571 of the Departments of Veterans Affairs and Housing and 
Urban Development, and Independent Agencies Appropriations Act, 1998 
established the Office of Multifamily Housing Assistance Restructuring 
within HUD to administer the program of mortgage and rental assistance 
restructuring. Included in the budget estimates for this account are 
projections for the financial operations of the office.

    Restructuring authorities under the Multifamily Assisted Housing 
Reform and Affordability Act of 1997 expire at the end of fiscal year 
2001. To facilitate efficient restructuring activity after this date, 
the Administration intends to submit legislation in the near future to 
extend and modify the expiring restructuring authorities.

    Financial Condition.--The following tables reflect the revenues, 
expenses, and financial condition of the GI/SRI Liquidating Account 
based on Generally Accepted Accounting Principles.

                        Statement of Operations (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4072-0-3-371    1999 actual 2000 actual\1\     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
0101  Revenue...........................         640            304           556
0102  Expense...........................      -1,143         -1,393        -1,321
                                        ------------ --------------  ------------  -------------
0105  Net income or loss (-)............        -503         -1,089          -765
-----------------------------------------------------------------------------------------------
    \1\ Preliminary results pending final audit.

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4072-0-3-371          1999 
                                           actual\1\    2000 actual     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101    Fund balances with Treasury.....         845          1,749
        Investments in US securities:
1102      Treasury securities, par......           5              8
1106      Receivables, net..............           4             45             3              3
1107      Advances and prepayments......          20             20
      Non-Federal assets:

1201    Investments in non-Federal 
          securities, net...............                         -6
1206    Receivables, net................          56            113            86             86
1207    Advances and prepayments........           1
      Net value of assets related to 
          pre-1992 direct loans 
          receivable and acquired 
          defaulted guaranteed loans 
          receivable:

1601    Direct loans, gross.............          67             44            20             10
1602    Interest receivable.............          10              1
1603    Allowance for estimated 
          uncollectible loans and 
          interest (-)..................         -54            -33           -47            -47
                                        ------------ --------------  ------------  -------------
1699      Value of assets related to 
            direct loans................          23             12           -27            -37
1701    Defaulted guaranteed loans, 
          gross.........................       1,895          1,982         1,701          1,707
1702    Interest receivable.............         359            215

[[Page 518]]

1703    Allowance for estimated 
          uncollectible loans and 
          interest (-)..................      -1,554         -1,347        -1,208         -1,208
                                        ------------ --------------  ------------  -------------
1704      Defaulted guaranteed loans and 
            interest receivable, net....         700            850           493            499
1705    Allowance for uncollectables 
          from foreclosed property......         652            763          -150           -150
1706    Foreclosed property.............        -561           -663           244            244
                                        ------------ --------------  ------------  -------------
1799      Value of assets related to 
            loan guarantees.............         791            950           587            593
      Other Federal assets:

1801    Funds held by the Public........          70             74
1901    Other assets....................                          9           330
                                        ------------ --------------  ------------  -------------
1999    Total assets....................       1,815          2,974           979            645
    LIABILITIES:
      Federal liabilities:

2101    Accounts payable................         458            205           363            363
2105    Other Liabilities...............          44             20
      Non-Federal liabilities:

2201    Accounts payable................         161            353           443            443
2202    Interest payable................          16             12
2203    Debt............................         106            220
2204    Liabilities for loan guarantees.       7,653          6,715
2206    Pension and other actuarial 
          liabilities...................                                    5,960          5,960
2207    Unearned revenue and advances...         309            416           124            124
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............       8,747          7,941         6,890          6,890
    NET POSITION:
3100  Appropriated capital..............                        921         8,532          8,532
3300  Cumulative results of operations..      -6,932         -5,888       -14,443        -14,777
                                        ------------ --------------  ------------  -------------
3999    Total net position..............      -6,932         -4,967        -5,911         -6,245
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position       1,815          2,974           979            645
-----------------------------------------------------------------------------------------------
    \1\ Preliminary pending final audit.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4072-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
25.2  Other services....................          29          60          58
32.0  Land and structures...............         416         463         462
33.0  Investments and loans.............         460       1,151       1,977
42.0  Insurance claims and indemnities..          24          53          53
43.0  Interest and dividends............          25          22          22
44.0  Repayments to financing account...         273         273          16
                                           ---------   ---------  ----------
99.9    Total new obligations...........       1,227       2,022       2,588
---------------------------------------------------------------------------

                                

     Housing for the Elderly or Handicapped Fund Liquidating Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4115-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
      Capital investment:

00.01   Housing for the elderly or 
          handicapped loans.............                       4
00.02   Maintenance security and 
          collateral....................           1           1           1
                                           ---------   ---------  ----------
00.91     Subtotal, capital investment..           1           5           1
01.01 Operating expenses: Interest on 
        borrowings......................         345         283         230
                                           ---------   ---------  ----------
10.00   Total new obligations...........         346         288         231
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         900         116
22.00 New budget authority (gross)......         808         288         288
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           1
22.40 Capital transfer to general fund..        -272        -116         -57
22.60 Portion applied to repay debt.....        -975
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         462         288         231
23.95 Total new obligations.............        -346        -288        -231
24.40 Unobligated balance carried 
        forward, end of year............         116
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.05   Appropriation (indefinite)......                      87          87
69.00 Offsetting collections (cash).....         808         751         751
69.47 Portion applied to repay debt.....                    -550        -550
                                           ---------   ---------  ----------
69.90   Spending authority from 
          offsetting collections (total 
          mandatory)....................         808         201         201
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................         808         288         288
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................         214         178         149
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................         214         178         149
73.10 Total new obligations.............         346         288         231
73.20 Total outlays (gross).............        -380        -317        -317
73.45 Recoveries of prior year 
        obligations.....................          -1
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.         178         149          63
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year         178         149          63
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................         380         288         288
86.98 Outlays from mandatory balances...                      29          29
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         380         317         317
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.40   Offsetting collections (cash) 
          from: Non-Federal sources.....        -808        -751        -751
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................                    -463        -463
90.00 Outlays...........................        -428        -434        -434
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4115-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........       8,043       7,923       7,777
1231  Disbursements: Direct loan 
        disbursements...................           6           5           5
1251  Repayments: Repayments and 
        prepayments.....................        -122        -151        -187
1264  Write-offs for default: Other 
        adjustments, net................          -4
                                           ---------   ---------  ----------
1290    Outstanding, end of year........       7,923       7,777       7,595
---------------------------------------------------------------------------
    Note.--Amounts for direct loan obligations reflect reservations of 
section 202 funds. Loan obligations shown under the program and 
financing schedule reflect loans that have reached the initial closing 
stage of processing.

    The Housing for the Elderly or Handicapped Fund was established 
pursuant to section 202 of the Housing Act of 1959, as amended. The fund 
provided direct loans to nonprofit organizations building and managing 
housing projects for lower income persons who are elderly or disabled.

    Projects included an assured range of necessary services for the 
occupants of such projects. In addition, the section 8 lower income 
housing assistance payments program has been used in conjunction with 
the section 202 program. Applications under the two programs have been 
processed simultaneously.

    The data included in these schedules represent direct loan 
activities funded under the Housing for the Elderly or Handicapped Loan 
Fund. Further, activities in support of the needs of the elderly and 
disabled have been carried out under a grant program funded in the 1991 
Appropriations Act (P.L. 101-507) and authorized in the National 
Affordable Housing Act (P.L. 101-625).

    After April 1, 1992, all projects for which there were 
administrative reservations converted to the capital advance assistance 
program.

    The program and financing schedule for this account summarizes the 
Federal government's obligations for this loan program.

[[Page 519]]

    Financing.--Repayments and interest income from loans continue to be 
available to pay for commitments of the fund.

                        Statement of Operations (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4115-0-3-371    1999 actual    2000 actual     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
0101  Revenue...........................         685            674           600            564
0102  Expense...........................        -403           -345          -284           -230
                                        ------------ --------------  ------------  -------------
0105  Net income or loss (-)............         282            329           316            334
-----------------------------------------------------------------------------------------------

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4115-0-3-371    1999 actual    2000 actual     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................       1,114            294            33            117
      Non-Federal assets:

1206    Receivables, net................          84             84            84             84
1207    Advances and prepayments........           8
      Net value of assets related to 
          pre-1992 direct loans 
          receivable and acquired 
          defaulted guaranteed loans 
          receivable:

1601    Direct loans, gross.............       8,044          7,922         7,778          7,595
1603    Allowance for estimated 
          uncollectible loans and 
          interest (-)..................         -20            -23           -23            -22
                                        ------------ --------------  ------------  -------------
1604      Direct loans and interest 
            receivable, net.............       8,024          7,899         7,755          7,573
1606    Acquired Real Property..........           3              8             8              8
                                        ------------ --------------  ------------  -------------
1699      Value of assets related to 
            direct loans................       8,027          7,907         7,763          7,581
                                        ------------ --------------  ------------  -------------
1999    Total assets....................       9,233          8,285         7,880          7,782
    LIABILITIES:
      Federal liabilities:

2102    Interest payable................         203            171           141            114
2103    Debt............................       4,628          3,653         3,103          2,778
2104    Resources payable to Treasury...       4,395          4,451         4,651          4,985
2207  Non-Federal liabilities: Other....           6             10            10             10
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............       9,232          8,285         7,905          7,887
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position       9,232          8,285         7,905          7,887
-----------------------------------------------------------------------------------------------

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4115-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
32.0  Land and structures...............           1           1           1
33.0  Investments and loans.............                       4
43.0  Interest and dividends............         345         283         230
                                           ---------   ---------  ----------
99.9    Total new obligations...........         346         288         231
---------------------------------------------------------------------------

                                

            Nonprofit Sponsor Assistance Liquidating Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4042-0-3-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Unobligated balances rescinded:
      Budgetary resources available for 
        obligation:

21.40   Unobligated balance carried 
          forward, start of year........           6
22.00   New budget authority (gross)....          -6
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

60.36   Unobligated balance rescinded...          -6
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          -6
90.00 Outlays...........................
---------------------------------------------------------------------------

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4042-0-3-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........           1           1           1
                                           ---------   ---------  ----------
1290    Outstanding, end of year........           1           1           1
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this account 
records, for this program, all cash flows to and from the Government 
resulting from direct loans obligated prior to 1992. This account is 
shown on a cash basis.

    The Nonprofit Sponsor Assistance fund provided interest-free loans 
to nonprofit organizations to plan housing projects to be financed under 
the section 202 housing for the elderly or disabled program.

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4042-0-3-604    1999 actual    2000 actual     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................           6
      Net value of assets related to 
          pre-1992 direct loans 
          receivable and acquired 
          defaulted guaranteed loans 
          receivable:

1601    Direct loans, gross.............           1              1             1
1603    Allowance for estimated 
          uncollectible loans and 
          interest (-)..................          -1             -1            -1
                                        ------------ --------------  ------------  -------------
1999    Total assets....................           6
    NET POSITION:
3100  Appropriated capital..............           6
                                        ------------ --------------  ------------  -------------
3999    Total net position..............           6
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position           6
-----------------------------------------------------------------------------------------------

                                

                  Manufactured Housing Fees Trust Fund

    For expenses authorized by section 620 of the National Manufactured 
Housing Construction and Safety Standards Act of 1974, as amended, 
$17,254,000 from amounts in the Manufactured Housing Fees Trust Fund, to 
remain available until expended: Provided, That all balances of fees 
collected under sections 620 and 623 of the National Manufactured 
Housing Construction and Safety Standards Act of 1974, as such sections 
existed on December 26, 2000, shall be transferred to and merged with 
the amounts in the Trust Fund.

              Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-8119-0-7-376      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Receipts:
02.00 Manufactured home inspection and 
        monitoring......................                                  17
    Appropriations:
05.00 Manufactured home inspection and 
        monitoring......................                                 -17
                                           ---------   ---------  ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-8119-0-7-376      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Transfer to salaries and expenses.                                   2
00.02 Other program costs...............                                  15
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 25.2)...................                                  17
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......                                  17
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......                                  17
23.95 Total new obligations.............                                 -17
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.26   Appropriation (trust fund, 
          definite).....................                                  17
----------------------------------------------------------------------------

    Change in unpaid obligations:
73.10 Total new obligations.............                                  17
73.20 Total outlays (gross).............                                 -14

[[Page 520]]

      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.                                   3
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year                                   3
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................                                  14
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................                                  17
90.00 Outlays...........................                                  14
---------------------------------------------------------------------------

    The National Manufactured Housing Construction and Safety Standards 
Act of 1974, as amended by the Manufactured Housing Improvement Act of 
2000, authorizes development and enforcement of appropriate standards 
for the construction, design, and performance of manufactured homes to 
assure their quality, durability, affordability, and safety. All 
manufactured homes produced since the standards took effect on June 15, 
1976 must comply with Federal construction and safety standards. The 
States are actively encouraged to participate in the program under 
compliance plans approved by HUD. New program requirements mandated by 
the Manufactured Housing Improvement Act of 2000 include procurement of 
an Administering Organization, formation of a Consensus Committee to 
recommend revisions to and interpretations of the manufactured housing 
standards, development and implementation of standards for installation 
of manufactured housing, and development and implementation of a dispute 
resolution program. 

    Fees are charged to the manufacturers for each manufactured home 
transportable section produced and will be used to fund the costs of all 
authorized activities necessary for the consensus committee, HUD, and 
its agents to carry out all aspects of the manufactured housing 
legislation. Fees are deposited in a trust fund administered by the 
Department, and a portion of the fee receipts are transferred to the 
salaries and expenses account to defray the direct administrative 
expenses of the program. In 2000, an estimated 431,845 transportable 
sections were produced, for a total of 254,000 manufactured homes.

    The Manufactured Housing Improvement Act of 2000 created a 
Manufactured Housing Fees Trust Fund and made spending subject to 
appropriations. This account provides spending for activities formerly 
funded under Manufactured Home Inspection and Monitoring.

    This account also presents activities formerly shown under the 
Interstate Land Sales account.

    The Interstate Land Sales Full Disclosure Act provides protection to 
the public with respect to purchases or leases of subdivision lots. 
Statements of record must be filed with the Secretary before 
subdivisions with 100 or more lots may be sold in interstate commerce, 
except when the subdivision is eligible for exemption.

    The Secretary is authorized to charge a fee, to be paid by the 
developer when filing a statement of record. The fee receipts are 
permanently appropriated and have helped finance a portion of the direct 
administrative expenses incurred in program operations.

    The estimated annual program activity level will continue at 1,020 
filings, approximately the same estimated level as in recent years.

                                


 
                GOVERNMENT NATIONAL MORTGAGE ASSOCIATION

                              Federal Funds

    The Housing and Urban Development Act of 1968 authorized the 
Government National Mortgage Association (Ginnie Mae) to guarantee the 
timely payment of principal and interest on privately issued securities 
that are backed by pools of FHA, Veterans Affairs (VA) and Rural Housing 
Service mortgages. The Ginnie Mae guarantee gives lenders access to the 
capital markets for funds to originate new loans. New FHA and VA loans 
are currently pooled into Ginnie Mae securities

    The Budget proposes legislation to allow FHA to insure a new 
product--hybrid adjustable-rate mortages. This will increase demand for 
FHA mortgages and thus increase the volume of Ginnie Mae guarantees of 
securities backed by FHA mortgages. In 2002, this proposal will increase 
GNMA commitments by approximately $4 billion, resulting in an additional 
$13 million in negative subsidy.

    Financing.--Ginnie Mae issuers are assessed commitment, guarantee 
and other fees to cover costs incurred by Ginnie Mae and to fund a 
reserve against possible future payments under the guarantee.

    Operating results.--Fee collections, interest, and other income are 
expected to exceed expenses by $775 million in 2001 and $796 million in 
2002.

                                

Credit accounts:

 Guarantees of Mortgage-Backed Securities Loan Guarantee Program Account

                      (including transfer of funds)

    New commitments to issue guarantees to carry out the purposes of 
section 306 of the National Housing Act, as amended (12 U.S.C. 1721(g)), 
shall not exceed $200,000,000,000, to remain available until September 
30, [2002] 2003.
    For administrative expenses necessary to carry out the guaranteed 
mortgage-backed securities program, $9,383,000 to be derived from the 
GNMA guarantees of mortgage-backed securities guaranteed loan receipt 
account, of which not to exceed $9,383,000 shall be transferred to the 
appropriation for ``Salaries and expenses''. (Departments of Veterans 
Affairs and Housing and Urban Development, and Independent Agencies 
Appropriations Act, 2001, as enacted by section 1(a)(1) of P.L. 106-
377.)

              Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0186-0-1-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
01.99 Balance, start of year............         701       1,004       7,961
    Receipts:
02.20 Negative subsidies................         312         356         354
02.21 Subsidy balance transfer..........                   6,610         439
                                           ---------   ---------  ----------
02.99   Total receipts and collections..         312       6,966         793
                                           ---------   ---------  ----------
04.00 Total: Balances and collections...       1,013       7,970       8,754
    Appropriations:
05.00 Guarantees of mortgage-backed 
        securities loan guarantee 
        program account.................          -9          -9          -9
                                           ---------   ---------  ----------
07.99 Balance, end of year..............       1,004       7,961       8,745
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0186-0-1-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Administrative expenses, salaries 
        and expenses....................           9           9           9
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 25.3)...................           9           9           9
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......           9           9           9
23.95 Total new obligations.............          -9          -9          -9
----------------------------------------------------------------------------

[[Page 521]]



    New budget authority (gross), detail:
      Discretionary:

40.20   Appropriation (special fund, 
          definite).....................           9           9           9
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............           9           9           9
----------------------------------------------------------------------------

    Change in unpaid obligations:
73.10 Total new obligations.............           9           9           9
73.20 Total outlays (gross).............          -9          -9          -9
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................           9           9           9
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................           9           9           9
90.00 Outlays...........................           9           9           9
----------------------------------------------------------------------------

    Memorandum (non-add) entries:
92.01 Total investments, start of year: 
        Federal securities: Par value...                               6,610
92.02 Total investments, end of year: 
        Federal securities: Par value...                   6,610       7,049
---------------------------------------------------------------------------

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in 
                            millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0186-0-1-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Guaranteed loan levels supportable by subsidy 
                budget authority:
2150  Loan guarantee levels.............     105,518      96,262     103,199
2150  Standby commitment authority......      94,482     103,738      96,801
                                           ---------   ---------  ----------
2159    Total loan guarantee levels.....     200,000     200,000     200,000
    Guaranteed loan subsidy (in percent):
2320  Subsidy rate......................       -0.29       -0.36       -0.33
                                           ---------   ---------  ----------
2329    Weighted average subsidy rate...       -0.29       -0.36       -0.33
    Guaranteed loan subsidy budget authority:
2330  Subsidy budget authority..........        -312        -356        -354
                                           ---------   ---------  ----------
2339    Total subsidy budget authority..        -312        -356        -354
    Guaranteed loan subsidy outlays:
2340  Subsidy outlays...................        -312        -356        -354
                                           ---------   ---------  ----------
2349    Total subsidy outlays...........        -312        -356        -354
----------------------------------------------------------------------------

    Administrative expense data:
3510  Budget authority..................           9           9           9
3590  Outlays from new authority........           9           9           9
---------------------------------------------------------------------------

    As required by the Federal Credit Reform Act of 1990, this account 
records the administrative expenses of this program. The administrative 
expenses are estimated on a cash basis.

                                

       Guarantees of Mortgage-Backed Securities Financing Account

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4240-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Operating expenses................          37          49          52
00.02 Capital investment................           5          47          51
                                           ---------   ---------  ----------
00.91   Direct Program by Activities--
          Subtotal (1 level)............          42          96         103
08.01 Payment to receipt account for 
        negative subsidy................         312         356         354
                                           ---------   ---------  ----------
10.00   Total new obligations...........         354         452         457
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........         496         598         625
22.00 New financing authority (gross)...         457         479         501
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         953       1,077       1,126
23.95 Total new obligations.............        -354        -452        -457
24.40 Unobligated balance carried 
        forward, end of year............         598         625         668
----------------------------------------------------------------------------

    New financing authority (gross), detail:
      Discretionary:

68.00   Spending authority from 
          offsetting collections 
          (gross): Offsetting 
          collections (cash)............         457         479         501
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................          11          16          16
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................          11          16          16
73.10 Total new obligations.............         354         452         457
73.20 Total financing disbursements 
        (gross).........................        -349        -452        -457
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.          16          16          17
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year          16          16          17
87.00 Total financing disbursements 
        (gross).........................         349         452         457
----------------------------------------------------------------------------

    Offsets:
      Against gross financing authority and 
          financing disbursements:

        Offsetting collections (cash) 
            from:
88.25     Interest on uninvested funds..         -45         -36         -38
          Non-Federal sources:
88.40       Guarantee Fees..............        -370        -378        -386
88.40       Commitment and other fees...         -32         -44         -34
88.40       Multiclass fees.............         -10         -21         -23
88.40       Repayment of advances.......                                 -20
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........        -457        -479        -501
----------------------------------------------------------------------------

    Net financing authority and financing 
        disbursements:
89.00 Financing authority...............
90.00 Financing disbursements...........        -107         -27         -44
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4240-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Position with respect to appropriations act 
                limitation on commitments:
2111  Limitation on guaranteed loans 
        made by private lenders.........     200,000     200,000     200,000
2112  Uncommitted loan guarantee 
        limitation......................     -94,482    -103,738     -96,801
                                           ---------   ---------  ----------
2150    Total guaranteed loan 
          commitments...................     105,518      96,262     103,199
----------------------------------------------------------------------------

    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........     569,312     602,741     620,259
2231  Disbursements of new guaranteed 
        loans...........................     105,518      96,262     103,199
2251  Repayments and prepayments........     -72,089     -78,744     -91,619
                                           ---------   ---------  ----------
2290    Outstanding, end of year........     602,741     620,259     631,839
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..     602,741     620,259     631,839
---------------------------------------------------------------------------

    Operating Results.--Fee collections, interest, and other income are 
expected to exceed expenses by $91 million in 2000; $55 million in 2001 
and $67 million in 2002. These amounts will be retained against losses 
that may be incurred on guarantees.

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4240-0-3-371    1999 actual    2000 actual     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
1101  Federal assets: Fund balances with 
        Treasury........................         507            614           641            685
1206  Non-Federal assets: Receivables, 
        net.............................          30             31            32             33
      Net value of assets related to 
          pre-1992 direct loans 
          receivable and acquired 
          defaulted guaranteed loans 
          receivable:

1601    Direct loans, gross.............                                       19             27
                                        ------------ --------------  ------------  -------------
1699      Value of assets related to 
            direct loans................                                       19             27
1803  Other Federal assets: Property, 
        plant and equipment, net........                          5             8             12
                                        ------------ --------------  ------------  -------------
1999    Total assets....................         537            650           700            757

[[Page 522]]

    LIABILITIES:
      Non-Federal liabilities:

2201    Accounts payable................          40             47            49             50
2207    Other...........................                         22            38             50
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............          40             69            87            100
    NET POSITION:
3300  Cumulative results of operations..         496            581           613            657
                                        ------------ --------------  ------------  -------------
3999    Total net position..............         496            581           613            657
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position         536            650           700            757
-----------------------------------------------------------------------------------------------
    Note.--Ginnie Mae guarantees the timely payment of principal and 
interest installments on securities which are backed by FHA-insured, 
Rural Housing Service-insured, and VA-guaranteed mortgages. Such 
guarantees are excluded from the Government total of guaranteed 
obligations duplicating FHA, Rural Housing Service, and VA guarantees.

                                

      Guarantees of Mortgage-Backed Securities Liquidating Account

              Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4238-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Receipts:
02.80 Guarantees of mortgage-backed 
        securities liquidating account, 
        offsetting collections..........         456         414          58
    Appropriations:
05.00 Guarantees of mortgage-backed 
        securities liquidating account..        -456        -414         -58
                                           ---------   ---------  ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4238-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
      Operating expenses:

00.02   Default expenses................           1           1
00.03   Servicing expenses..............           2           2
00.04   Other expenses..................                                   1
                                           ---------   ---------  ----------
00.91     Total operating expenses......           3           3           1
      Capital investment:

01.01   Advances of guaranty payments...          42          38           1
      Other:

02.01   Transfer to Receipt Account.....                   6,610          56
                                           ---------   ---------  ----------
10.00   Total new obligations...........          45       6,651          58
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........       5,827       6,237
22.00 New budget authority (gross)......         456         414          58
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       6,283       6,651          58
23.95 Total new obligations.............         -45      -6,651         -58
24.40 Unobligated balance carried 
        forward, end of year............       6,237
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

69.00   Offsetting collections (cash)...         456         414          58
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year\1\.......................         -57         -79         -57
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................         -57         -79         -57
73.10 Total new obligations.............          45       6,651          58
73.20 Total outlays (gross).............         -67      -6,630         -58
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.         -79         -57
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year         -79         -57
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................          67         414          58
86.98 Outlays from mandatory balances...                   6,216
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          67       6,630          58
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

        Offsetting collections (cash) 
            from:
88.20     Interest on Federal securities        -370        -374         -56
          Non-Federal sources:
88.40       Repayments of guaranteed 
              payments..................         -79         -36          -1
88.40       Servicing income............          -5          -2
88.40       Repayments on mortgages.....          -2          -2          -1
                                           ---------   ---------  ----------
88.90       Total, offsetting 
              collections (cash)........        -456        -414         -58
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................        -389       6,216
----------------------------------------------------------------------------

    Memorandum (non-add) entries:
92.01 Total investments, start of year: 
        Federal securities: Par value...       5,781       6,190
92.02 Total investments, end of year: 
        Federal securities: Par value...       6,190
---------------------------------------------------------------------------
    \1\ This line nets unpaid obligations and offsetting collections 
from new Federal sources.

               Status of Direct Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4238-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Cumulative balance of direct loans 
                outstanding:
1210  Outstanding, start of year........         360         109          65
1232  Disbursements: Purchase of loans 
        assets from the public..........          42          38           2
1252  Repayments: Proceeds from loan 
        asset sales to the public or 
        discounted......................         -81         -37          -2
1263  Write-offs for default: Direct 
        loans...........................        -212         -45         -16
                                           ---------   ---------  ----------
1290    Outstanding, end of year........         109          65          49
---------------------------------------------------------------------------

             Status of Guaranteed Loans (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4238-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Cumulative balance of guaranteed loans 
                outstanding:
2210  Outstanding, start of year........         156         146         135
2251  Repayments and prepayments........         -10         -11         -12
                                           ---------   ---------  ----------
2290    Outstanding, end of year........         146         135         123
----------------------------------------------------------------------------

    Memorandum:
2299  Guaranteed amount of guaranteed 
        loans outstanding, end of year..         146         135         123
---------------------------------------------------------------------------

    Operating results.--Fee collections, interest, and other income are 
expected to exceed expenses by $370 million in 2000 and $373 million in 
2001. These amounts will be retained to cover future year expenses and 
as a reserve against losses that may be incurred on guarantees. In 2002, 
fee collections, interest, and other income are expected to equal 
expenses.

                        Statement of Operations (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4238-0-3-371    1999 actual    2000 actual     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
0101  Revenue...........................         329            370           377              1
0102  Expense...........................          -3                           -3             -1
                                        ------------ --------------  ------------  -------------
0105  Net income or loss (-)............         326            370           374
                                        ------------ --------------  ------------  -------------
0199  Total comprehensive income........         326            370           374
-----------------------------------------------------------------------------------------------

                             Balance Sheet (in millions of dollars)

-----------------------------------------------------------------------------------------------
Identification code   86-4238-0-3-371    1999 actual    2000 actual     2001 est.      2002 est.
-----------------------------------------------------------------------------------------------
    ASSETS:
      Federal assets:

1101    Fund balances with Treasury.....           3
        Investments in US securities:
1102      Treasury securities, par......       5,778          6,171
1106      Receivables, net..............          70             89            56
1206  Non-Federal assets: Receivables, 
        net.............................           1              3             3

[[Page 523]]

      Net value of assets related to 
          pre-1992 direct loans 
          receivable and acquired 
          defaulted guaranteed loans 
          receivable:

1601    Direct loans, gross.............         360            109            65             49
1603    Allowance for estimated 
          uncollectible loans and 
          interest (-)..................        -326           -105           -16             -5
                                        ------------ --------------  ------------  -------------
1699      Value of assets related to 
            direct loans................          34              4            49             44
                                        ------------ --------------  ------------  -------------
1999    Total assets....................       5,886          6,267           108             44
    LIABILITIES:
      Non-Federal liabilities:

2201    Accounts payable................          17             20             1
2207    Other...........................         512            513           105             43
                                        ------------ --------------  ------------  -------------
2999    Total liabilities...............         529            533           106             43
    NET POSITION:
3300  Cumulative results of operations..       5,357          5,734             2              1
                                        ------------ --------------  ------------  -------------
3999    Total net position..............       5,357          5,734             2              1
                                        ------------ --------------  ------------  -------------
4999  Total liabilities and net position       5,886          6,267           108             44
-----------------------------------------------------------------------------------------------
    Note.--Ginnie Mae guarantees the timely payment of principal and 
interest installments on securities which are backed by FHA-insured, 
Rural Housing Service, and VA-guaranteed mortgages. Such guarantees are 
excluded from the Government total of guaranteed obligations duplicating 
FHA, Rural Housing Service, and VA guarantees.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4238-0-3-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
25.2  Other services....................           3           3           2
33.0  Investments and loans.............          42          38
92.0  Undistributed.....................                   6,610          56
                                           ---------   ---------  ----------
99.9    Total new obligations...........          45       6,651          58
---------------------------------------------------------------------------

                                


 
                     POLICY DEVELOPMENT AND RESEARCH

                              Federal Funds

General and special funds:

                         Research and Technology

    For contracts, grants, and necessary expenses of programs of 
research and studies relating to housing and urban problems, not 
otherwise provided for, as authorized by title V of the Housing and 
Urban Development Act of 1970, as amended (12 U.S.C. 1701z-1 et seq.), 
including carrying out the functions of the Secretary under section 
1(a)(1)(i) of Reorganization Plan No. 2 of 1968, [$53,500,000] 
$43,404,000, to remain available until September 30, [2002: Provided, 
That of the amount provided under this heading, $10,000,000 shall be for 
the Partnership for Advancing Technology in Housing (PATH) Initiative: 
Provided further, That $3,000,000 shall be for program evaluation to 
support strategic planning, performance measurement, and their 
coordination with the Department's budget process: Provided further, 
That $500,000, to remain available until expended, shall be for a 
commission as established under section 525 of Preserving Affordable 
Housing for Senior Citizens and Families into the 21st Century Act] 
2003. (Departments of Veterans Affairs and Housing and Urban 
Development, and Independent Agencies Appropriations Act, 2001, as 
enacted by section 1(a)(1) of P.L. 106-377.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0108-0-1-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Housing Research..................          35          42          43
00.02 PATH..............................          10          10
00.03 International Activities..........          10
00.04 Commission on Affordable Housing..                       1
00.05 Strategic Planning Performance 
        Measurement.....................                       3
                                           ---------   ---------  ----------
10.00   Total new obligations...........          55          56          43
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          12           2
22.00 New budget authority (gross)......          45          54          43
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          57          56          43
23.95 Total new obligations.............         -55         -56         -43
24.40 Unobligated balance carried 
        forward, end of year............           2
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          45          54          43
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................          52          63          61
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................          52          63          61
73.10 Total new obligations.............          55          56          43
73.20 Total outlays (gross).............         -43         -58         -60
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.          63          61          44
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year          63          61          44
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................           9          22          17
86.93 Outlays from discretionary 
        balances........................          34          36          43
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          43          58          60
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          45          54          43
90.00 Outlays...........................          43          58          60
---------------------------------------------------------------------------

    The Housing and Urban Development Act of 1970 directs the Secretary 
to undertake programs of research, studies, testing, and demonstrations 
related to the HUD mission. These functions are carried out internally 
and through con- tracts with industry, nonprofit research organizations, 
and educational institutions, and through agreements with State and 
local governments and other Federal agencies.

    In 2002, the research program will focus on research and evaluation 
of HUD's housing, community development, and economic development 
programs. National Housing Surveys will continue in 2002. Research and 
evaluation activities will also support the Department in carrying out 
its responsibilities under the Government Performance and Results Act.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0108-0-1-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
25.2  Other services....................          39          50          38
41.0  Grants, subsidies, and 
        contributions...................          16           6           5
                                           ---------   ---------  ----------
99.9    Total new obligations...........          55          56          43
---------------------------------------------------------------------------

                                


 
                   FAIR HOUSING AND EQUAL OPPORTUNITY

                              Federal Funds

General and special funds:

                         Fair Housing Activities

    For contracts, grants, and other assistance, not otherwise provided 
for, as authorized by title VIII of the Civil Rights Act of 1968, as 
amended by the Fair Housing Amendments Act of 1988, and section 561 of 
the Housing and Community Development Act of 1987, as amended, 
[$46,000,000] $45,899,000, to remain available until September 30, 
[2002] 2003, of which [$24,000,000] $22,949,000 shall be to carry out 
activities pursuant to such section 561: Provided, That no funds made 
available under this heading shall be used to lobby the executive or 
legislative branches of the Federal Government in connection with a 
specific contract, grant or loan. (Departments of Veterans Affairs and 
Housing and Urban Development, and Independent Agencies Appropriations 
Act, 2001, as enacted by section 1(a)(1) of P.L. 106-377.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0144-0-1-751      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Fair housing assistance...........          22          28          23
00.02 Fair housing initiatives..........          16          48          23
                                           ---------   ---------  ----------

[[Page 524]]


10.00   Total new obligations (object 
          class 41.0)...................          38          76          46
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          26          30
22.00 New budget authority (gross)......          44          46          46
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          70          76          46
23.95 Total new obligations.............         -38         -76         -46
23.98 Unobligated balance expiring or 
        withdrawn.......................          -2
24.40 Unobligated balance carried 
        forward, end of year............          30
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          44          46          46
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................          34          39          78
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................          34          39          78
73.10 Total new obligations.............          38          76          46
73.20 Total outlays (gross).............         -33         -37         -37
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.          39          78          87
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year          39          78          87
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................           1
86.93 Outlays from discretionary 
        balances........................          32          37          37
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          33          37          37
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          44          46          46
90.00 Outlays...........................          33          37          37
---------------------------------------------------------------------------

    The Budget proposes an appropriation of $46 million in 2002 to fund 
fair housing activities that support efforts to end housing 
discrimination. Of the amount requested, $23 million is for the Fair 
Housing Assistance Program and $23 million is for the Fair Housing 
Initiatives Program. This includes $7.5 million used in previous budgets 
for the National Housing Discrimination Audit now redirected to increase 
fair housing program activities by 20 percent over the 2001 level.

    The Fair Housing Assistance Program (FHAP), authorized by title VIII 
of the Civil Rights Act of 1968 as amended, provides funding to State 
and local agencies to assure prompt and effective processing of Title 
VIII (Civil Rights Act of 1968) complaints.

    The funding requested for FHAP will support fair housing enforcement 
by increasing funding to support additional State and local fair housing 
organizations to meet the needs of currently underserved populations. It 
is estimated that the number of new State and local agencies with laws 
equivalent to the Fair Housing Act will increase to 95 in 2002 from 89 
in 2001.

    The Fair Housing Initiatives Program (FHIP), authorized by the 
Housing and Community Development Act of 1987, as amended by the Housing 
and Community Development Act of 1992, provides support to public and 
private organizations for the purpose of eliminating or preventing 
discrimination in housing and for enhancing fair housing opportunities. 
FHIP provides funding for projects that inform and educate the public, 
including housing providers, on the rights and obligations of the Fair 
Housing Act and about substantially equivalent state and local fair 
housing laws.

                                


 
             OFFICE OF LEAD HAZARD CONTROL AND HEALTHY HOMES

                              Federal Funds

General and Special Funds:

                          Lead Hazard Reduction

                      (including transfer of funds)

    For the Lead Hazard Reduction Program, as authorized by sections 
1011 and 1053 of the Residential Lead-Based Hazard Reduction Act of 
1992, [$100,000,000] $109,758,000 to remain available until expended, of 
which [$1,000,000 shall be for CLEARCorps and] $10,000,000 shall be for 
the Healthy Homes Initiative, pursuant to sections 501 and 502 of the 
Housing and Urban Development Act of 1970 that shall include research, 
studies, testing, and demonstration efforts, including education and 
outreach concerning lead-based paint poisoning and other housing-related 
[environmental] childhood diseases and hazards: Provided, That for 
purposes of environmental review, a grant under the Healthy Homes 
Initiative, under this heading or under prior appropriations Acts, shall 
be treated as assistance for a special project that is subject to 
section 305(c) of the Multifamily Housing Property Disposition Reform 
Act of 1994, and shall be subject to the regulations issued by the 
Secretary to implement such section. (Departments of Veterans Affairs 
and Housing and Urban Development, and Independent Agencies 
Appropriations Act, 2001, as enacted by section 1(a)(1) of P.L. 106-
377.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0174-0-1-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Lead abatement....................          71         174         110
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 41.0)...................          71         174         110
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          62          72
22.00 New budget authority (gross)......          80         100         110
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           1
22.22 Unobligated balance transferred 
        from other accounts.............                       2
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         143         174         110
23.95 Total new obligations.............         -71        -174        -110
24.40 Unobligated balance carried 
        forward, end of year............          72
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          80         100         110
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................          16         196         275
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................          16         196         275
73.10 Total new obligations.............          71         174         110
73.20 Total outlays (gross).............         -95         -95         -95
73.32 Obligated balance transferred from 
        other accounts..................         204
73.45 Recoveries of prior year 
        obligations.....................          -1
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.         196         275         290
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year         196         275         290
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................           2           2           2
86.93 Outlays from discretionary 
        balances........................          93          93          93
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          95          95          95
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          80         100         110
90.00 Outlays...........................          95          95          95
---------------------------------------------------------------------------

    Title X of the Housing and Community Development Act of 1992 (Public 
Law 102-550), known as the Residential Lead-Based Paint Hazard Reduction 
Act, authorized the Secretary to establish the Lead-Based Paint Hazard 
Control Grant Program. The primary purpose of the program is to reduce 
the

[[Page 525]]

exposure of young children to lead-based paint hazards in their homes.

    The program is a major part of a 10-year strategy to eliminate lead 
poisoning in children. The 2002 Budget includes a $10 million increase 
to $100 million for HUD's Lead Hazard Control Program and $10 million 
for the Healthy Homes Initiative.

    The Lead Hazard Control Grant Program provides grants of $1 to $3 
million to State and local governments and Indian tribes for control of 
lead-based paint hazards in privately owned, low-income owner-occupied 
and rental housing. The grants are also designed to stimulate the 
development of a trained and certified hazard evaluation and control 
industry by requiring all contractors to be certified and all workers to 
be trained through a State- or EPA-accredited program. In awarding 
grants, HUD promotes the use of new, low cost approaches to hazard 
control that can be replicated across the nation.

    The Healthy Homes Initiative will enable the Department to control 
additional childhood diseases and injuires that are caused by housing 
related factors. The initative will allow for a demonstration that 
evaluates the methods of controlling two or more housing related 
diseases through a single intervention. A public education/outreach 
effort, to enable the public to act effectively to protect their 
children, will also be conducted.

    The Office of Healthy Homes and Lead Hazard Control will continue 
its Technical Assistance program, which will include public education; 
technical assistance for State and local agencies, private property 
owners, HUD programs and field offices and professional organizations; 
quality control to ensure that the evaluation and control of lead-based 
paint hazards is done properly in HUD-assisted housing; development of 
standards, technical guidance, regulations and improved testing; and 
hazard control methods.

    Prior to 1997, funding for the lead hazard control grant program was 
provided under the Annual Contributions for Assisted Housing Account. In 
1997 and 1998, the program was funded as a set-aside under the Community 
Development Block Grant (CDBG) account. Starting in 1999 the program was 
funded as a separate, stand-alone program.

                                


 
                      MANAGEMENT AND ADMINISTRATION

                              Federal Funds

General and special funds:

                          Salaries and Expenses

                      (including transfer of funds)

    For necessary administrative and non-administrative expenses of the 
Department of Housing and Urban Development, not otherwise provided for, 
including not to exceed $7,000 for official reception and representation 
expenses, [$1,072,000,000] $1,097,257,000, of which [$518,000,000] 
$530,457,000 shall be provided from the various funds of the Federal 
Housing Administration, $9,383,000 shall be provided from funds of the 
Government National Mortgage Association, $1,000,000 shall be provided 
from the ``Community development fund'' account, $150,000 shall be 
provided by transfer from the ``Title VI Indian federal guarantees 
program'' account, and $200,000 shall be provided by transfer from the 
``Indian housing loan guarantee fund program'' account[: Provided, That 
the Secretary is prohibited from using any funds under this heading or 
any other heading in this Act from employing more than 77 schedule C and 
20 noncareer Senior Executive Service employees: Provided further, That 
not more than $758,000,000 shall be made available to the personal 
services object class: Provided further, That no less than $100,000,000 
shall be transferred to the Working Capital Fund for the development and 
maintenance of Information Technology Systems: Provided further, That 
the Secretary shall fill 7 out of 10 vacancies at the GS-14 and GS-15 
levels until the total number of GS-14 and GS-15 positions in the 
Department has been reduced from the number of GS-14 and GS-15 positions 
on the date of enactment of this provision by two and one-half percent: 
Provided further, That the Secretary shall submit a staffing plan for 
the Department by May 15, 2001: Provided further, That the Secretary is 
prohibited from using funds under this heading or any other heading in 
this Act to employ more than 14 employees in the Office of Public 
Affairs or in any position in the Department where the employee reports 
to an employee of the Office of Public Affairs]. (Departments of 
Veterans Affairs and Housing and Urban Development, and Independent 
Agencies Appropriations Act, 2001, as enacted by section 1(a)(1) of P.L. 
106-377.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0143-0-1-999      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
      Direct program:

00.01   Housing, mortgage credit, 
          regulatory and energy 
          conservation..................         185         211         216
00.02   Community planning and 
          development programs..........          31          36          37
00.03   Equal opportunity and research 
          programs......................          34          39          40
00.04   Departmental management, legal 
          and audit services............          30          34          35
00.05   Field direction and 
          administration................         194         222         228
09.01 Reimbursable program..............         535         528         541
                                           ---------   ---------  ----------
09.99   Total reimbursable program......         535         528         541
                                           ---------   ---------  ----------
10.00   Total new obligations...........       1,009       1,070       1,097
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......       1,012       1,070       1,097
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......       1,012       1,070       1,097
23.95 Total new obligations.............      -1,009      -1,070      -1,097
23.98 Unobligated balance expiring or 
        withdrawn.......................          -2
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................         477         543         556
40.77   Reduction pursuant to P.L. 106-
          554 (0.22 percent)............                      -1
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............         477         542         556
      Spending authority from offsetting 
          collections:

68.00   Offsetting collections (cash)...         535         528         541
                                           ---------   ---------  ----------
68.90     Spending authority from 
            offsetting collections 
            (total discretionary).......         535         528         541
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................       1,012       1,070       1,097
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................         163         194         194
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................         163         194         194
73.10 Total new obligations.............       1,009       1,070       1,097
73.20 Total outlays (gross).............        -968      -1,070      -1,092
73.31 Obligated balance transferred to 
        other accounts..................                      -2
73.40 Adjustments in expired accounts 
        (net)...........................         -10
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.         194         194         199
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year         194         194         199
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................         903         945         969
86.93 Outlays from discretionary 
        balances........................          65         125         125
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         968       1,070       1,092
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........        -535        -528        -541
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................         477         542         556
90.00 Outlays...........................         433         542         551
---------------------------------------------------------------------------

    This appropriation finances all salaries and related costs 
associated with administering the programs of the Department of Housing 
and Urban Development, including: housing and mortgage credit programs; 
community planning and development programs; equal opportunity, 
research, regulatory

[[Page 526]]

and insurance programs; departmental management, and legal services; 
and, field direction and administration.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0143-0-1-999      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........         267         284         296
11.3      Other than full-time permanent           2           2           2
11.5      Other personnel compensation..           5           5           5
                                           ---------   ---------  ----------
11.9        Total personnel compensation         274         291         303
12.1    Civilian personnel benefits.....          62          66          68
21.0    Travel and transportation of 
          persons.......................           8          12          12
23.1    Rental payments to GSA..........          43          53          53
23.3    Communications, utilities, and 
          miscellaneous charges.........          14          16          16
24.0    Printing and reproduction.......           3           2           2
25.1    Advisory and assistance services          42          70          70
25.2    Other services..................           3           3           3
25.3    Purchases of goods and services 
          from Government accounts......          14          21          21
25.4    Operation and maintenance of 
          facilities....................           4           5           5
26.0    Supplies and materials..........           3           2           2
31.0    Equipment.......................           4           1           1
                                           ---------   ---------  ----------
99.0      Subtotal, direct obligations..         474         542         556
99.0  Reimbursable obligations..........         535         528         541
                                           ---------   ---------  ----------
99.9    Total new obligations...........       1,009       1,070       1,097
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 86-0143-0-1-999      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: Full-
        time equivalent employment......       4,271       4,333       4,333
    Reimbursable:
2001  Total compensable workyears: Full-
        time equivalent employment......       4,699       4,767       4,767
---------------------------------------------------------------------------

                                

                       Office of Inspector General

    For necessary expenses of the Office of Inspector General in 
carrying out the Inspector General Act of 1978, as amended, 
[$85,000,000] $93,898,000, of which $22,343,000 shall be provided from 
the various funds of the Federal Housing Administration and $10,000,000 
shall be provided from the amount earmarked for Operation Safe Home in 
the appropriation for [``Drug elimination grants for low-income 
housing''] the ``Public Housing Operating Fund'': Provided, That the 
Inspector General shall have independent authority over all personnel 
issues within the Office of Inspector General. (Departments of Veterans 
Affairs and Housing and Urban Development, and Independent Agencies 
Appropriations Act, 2001, as enacted by section 1(a)(1) of P.L. 106-
377.)

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0189-0-1-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct program....................          58          59          62
09.01 Reimbursable program..............          33          33          32
                                           ---------   ---------  ----------
10.00   Total new obligations...........          91          92          94
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          10           6
22.00 New budget authority (gross)......          84          86          94
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           3
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          97          92          94
23.95 Total new obligations.............         -91         -92         -94
23.98 Unobligated balance expiring or 
        withdrawn.......................          -1
24.40 Unobligated balance carried 
        forward, end of year............           6
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.00   Appropriation...................          57          53          62
40.36   Unobligated balance rescinded...          -6
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............          51          53          62
      Spending authority from offsetting 
          collections:

68.00   Offsetting collections (cash)...          33          33          32
                                           ---------   ---------  ----------
68.90     Spending authority from 
            offsetting collections 
            (total discretionary).......          33          33          32
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................          84          86          94
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................          52          27          28
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................          52          27          28
73.10 Total new obligations.............          91          92          94
73.20 Total outlays (gross).............        -112         -90         -92
73.45 Recoveries of prior year 
        obligations.....................          -3
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.          27          28          30
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year          27          28          30
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          72          74          80
86.93 Outlays from discretionary 
        balances........................          41          16          12
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........         112          90          92
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........         -33         -33         -32
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          51          53          62
90.00 Outlays...........................          79          57          60
---------------------------------------------------------------------------

    This appropriation provides agency wide audit and investigative 
functions to identify and correct management and administrative 
deficiencies that create conditions for existing or potential instances 
of fraud, waste and mismanagement. The audit function provides internal 
audit and contract audit. Internal audits review and evaluate all facets 
of agency operations. The investigative function provides for the 
detection and investigation of improper and illegal activities involving 
programs, personnel, and operations.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-0189-0-1-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

      Direct obligations:

        Personnel compensation:
11.1      Full-time permanent...........          31          31          36
11.5      Other personnel compensation..           1           1           2
                                           ---------   ---------  ----------
11.9        Total personnel compensation          32          32          38
12.1    Civilian personnel benefits.....           8           8           8
21.0    Travel and transportation of 
          persons.......................           4           4           4
23.1    Rental payments to GSA..........           5           4           4
23.3    Communications, utilities, and 
          miscellaneous charges.........           1           1           1
25.1    Advisory and assistance services           4           5           3
25.3    Purchases of goods and services 
          from Government accounts......           2           3           2
26.0    Supplies and materials..........           1           1           1
31.0    Equipment.......................           1           1           1
                                           ---------   ---------  ----------
99.0      Subtotal, direct obligations..          58          59          62
99.0  Reimbursable obligations..........          33          33          32
                                           ---------   ---------  ----------
99.9    Total new obligations...........          91          92          94
---------------------------------------------------------------------------

[[Page 527]]



                              Personnel Summary

----------------------------------------------------------------------------
Identification code 86-0189-0-1-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Direct:
1001  Total compensable workyears: Full-
        time equivalent employment......         447         451         446
    Reimbursable:
2001  Total compensable workyears: Full-
        time equivalent employment......         251         254         234
---------------------------------------------------------------------------

                                

                          Consolidated Fee Fund

    Of the balances remaining from fees and charges under section 7(j) 
of the Department of Housing and Urban Development Act, $6,700,000 is 
rescinded.

              Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-5486-0-2-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Receipts:
02.00 Miscellaneous fees and charges....          16
    Appropriations:
05.00 Consolidated fee fund.............         -16
                                           ---------   ---------  ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-5486-0-2-604      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct Program Activity...........                       1
                                           ---------   ---------  ----------
10.00   Total new obligations (object 
          class 25.3)...................                       1
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........                      16          15
22.00 New budget authority (gross)......          16                      -7
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          16          16           8
23.95 Total new obligations.............                      -1
24.40 Unobligated balance carried 
        forward, end of year............          16          15           8
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.36   Unobligated balance rescinded...                                  -7
      Mandatory:

60.25   Appropriation (special fund, 
          indefinite)...................          16
                                           ---------   ---------  ----------
70.00   Total new budget authority 
          (gross).......................          16                      -7
----------------------------------------------------------------------------

    Change in unpaid obligations:
73.10 Total new obligations.............                       1
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.98 Outlays from mandatory balances...                       1
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          16                      -7
90.00 Outlays...........................                       1
---------------------------------------------------------------------------

    Section 7(j) of the Department of Housing and Urban Development Act 
establishes fees and charges from selected programs to offset the costs 
of audits, inspections and other related expenses that may be incurred 
by the Department in monitoring these programs. These fees were mis-
classified for many years as deposit funds, which is a holding fund for 
refunds to private entities. Because these are Federal funds, they are 
now re-classified as such and displayed on budget. In 2002, a rescission 
is requested, which offsets most of the increase in funding for the 
Inspector General account.

                                

             Office of Federal Housing Enterprise Oversight

                          Salaries and Expenses

                      (including transfer of funds)

    For carrying out the Federal Housing Enterprise Financial Safety and 
Soundness Act of 1992, including not to exceed [$500] $1,000 for 
official reception and representation expenses, [$22,000,000] 
$27,000,000, to remain available until expended, to be derived from the 
Federal Housing Enterprise Oversight Fund: Provided, That not to exceed 
such amount shall be available from the General Fund of the Treasury to 
the extent necessary to incur obligations and make expenditures pending 
the receipt of collections to the Fund: Provided further, That the 
General Fund amount shall be reduced as collections are received during 
the fiscal year so as to result in a final appropriation from the 
General Fund estimated at not more than $0. (Departments of Veterans 
Affairs and Housing and Urban Development, and Independent Agencies 
Appropriations Act, 2001, as enacted by section 1(a)(1) of P.L. 106-
377.)

              Unavailable Collections (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-5272-0-2-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
    Receipts:
02.60 Office of federal housing 
        enterprise oversight............          19          22          27
    Appropriations:
05.00 Office of federal housing 
        enterprise oversight............         -19         -22         -27
                                           ---------   ---------  ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-5272-0-2-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
00.01 Direct program....................          20          23          27
                                           ---------   ---------  ----------
10.00   Total new obligations...........          20          23          27
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
22.00 New budget authority (gross)......          19          22          27
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................                       1
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......          19          23          27
23.95 Total new obligations.............         -20         -23         -27
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Discretionary:

40.20   Appropriation (special fund, 
          definite).....................          19          22          27
                                           ---------   ---------  ----------
43.00     Appropriation (total 
            discretionary)..............          19          22          27
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................           4           6           6
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................           4           6           6
73.10 Total new obligations.............          20          23          27
73.20 Total outlays (gross).............         -18         -22         -26
73.45 Recoveries of prior year 
        obligations.....................                      -1
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.           6           6           7
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year           6           6           7
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.90 Outlays from new discretionary 
        authority.......................          14          18          22
86.93 Outlays from discretionary 
        balances........................           4           4           4
                                           ---------   ---------  ----------
87.00   Total outlays (gross)...........          18          22          26
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................          19          22          27
90.00 Outlays...........................          18          22          26
---------------------------------------------------------------------------

    This appropriation funds the Office of Federal Housing Enterprise 
Oversight (the Office), which was established in 1992 to regulate the 
financial safety and soundness of two housing Government Sponsored 
Enterprises (GSEs)--Fannie Mae and Freddie Mac. The Office was 
authorized in the Federal Housing Enterprise Safety and Soundness Act of 
1992, which also

[[Page 528]]

instituted a risk-based capital standard for the GSEs, and gave the 
regulator enhanced authority to enforce those standards. The office is 
also required by statute to conduct on-site annual examinations at the 
GSEs to determine the condition of each enterprise for the purpose of 
ensuring their financial safety and soundness.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-5272-0-2-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

      Direct obligations:

11.1    Personnel compensation: 
          Personnel Compensation........           9          13          13
12.1    Civilian personnel benefits.....           2           3           3
23.2    Rental payments to others.......           2           2           3
25.2    Other services..................           5           3           3
31.0    Equipment.......................           1           1           4
                                           ---------   ---------  ----------
99.0      Subtotal, direct obligations..          19          22          26
99.5  Below reporting threshold.........           1           1           1
                                           ---------   ---------  ----------
99.9    Total new obligations...........          20          23          27
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 86-5272-0-2-371      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
1001  Total compensable workyears: Full-
        time equivalent employment......          87         111         116
---------------------------------------------------------------------------

                                

Intragovernmental funds:

                          Working Capital Fund

               Program and Financing (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4586-0-4-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------

    Obligations by program activity:
09.01 Reimbursable program..............         275         352         362
                                           ---------   ---------  ----------
10.00   Total new obligations...........         275         352         362
----------------------------------------------------------------------------

    Budgetary resources available for obligation:
21.40 Unobligated balance carried 
        forward, start of year..........          32          25
22.00 New budget authority (gross)......         265         327         362
22.10 Resources available from 
        recoveries of prior year 
        obligations.....................           3
                                           ---------   ---------  ----------
23.90   Total budgetary resources 
          available for obligation......         300         352         362
23.95 Total new obligations.............        -275        -352        -362
24.40 Unobligated balance carried 
        forward, end of year............          25
----------------------------------------------------------------------------

    New budget authority (gross), detail:
      Mandatory:

69.00   Offsetting collections (cash)...         255         314         362
69.10   Change in uncollected customer 
          payments from Federal sources.          10          13
                                           ---------   ---------  ----------
69.90     Spending authority from 
            offsetting collections 
            (total mandatory)...........         265         327         362
----------------------------------------------------------------------------

    Change in unpaid obligations:
      Unpaid obligations, start of year:

72.40   Unpaid obligations, start of 
          year..........................         109          81         108
72.95   Uncollected customer payments 
          from Federal sources, start of 
          year..........................         -88         -98        -111
                                           ---------   ---------  ----------
72.99     Obligated balance, start of 
            year........................          21         -17          -3
73.10 Total new obligations.............         275         352         362
73.20 Total outlays (gross).............        -299        -327        -362
73.45 Recoveries of prior year 
        obligations.....................          -3
74.00 Change in uncollected customer 
        payments from Federal sources...         -10         -13
      Unpaid obligations, end of year:

74.40   Unpaid obligations, end of year.          81         108         108
74.95   Uncollected customer payments 
          from Federal sources, end of 
          year..........................         -98        -111        -111
                                           ---------   ---------  ----------
74.99     Obligated balance, end of year         -17          -3          -3
----------------------------------------------------------------------------

    Outlays (gross), detail:
86.97 Outlays from new mandatory 
        authority.......................         299         327         362
----------------------------------------------------------------------------

    Offsets:
      Against gross budget authority and outlays:

88.00   Offsetting collections (cash) 
          from: Federal sources.........        -255        -314        -362
      Against gross budget authority only:

88.95   Change in uncollected customer 
          payments from Federal sources.         -10         -13
----------------------------------------------------------------------------

    Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................          44          13
---------------------------------------------------------------------------

    The Working Capital Fund, authorized by the Department of Housing 
and Urban Development Act of 1965, finances information technology and 
office automation initiatives which can be performed more efficiently on 
a centralized basis. The fund is financed from fees charged for services 
performed.

               Object Classification (in millions of dollars)

----------------------------------------------------------------------------
Identification code 86-4586-0-4-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
11.1  Personnel compensation: Full-time 
        permanent.......................          25          28          35
12.1  Civilian personnel benefits.......           5           5           6
21.0  Travel and transportation of 
        persons.........................           1           1           1
22.0  Transportation of things..........                                   1
23.3  Communications, utilities, and 
        miscellaneous charges...........          43          45          46
25.1  Advisory and assistance services..         191         240         252
26.0  Supplies and materials............           1           1           1
31.0  Equipment.........................           9          32          20
                                           ---------   ---------  ----------
99.9    Total new obligations...........         275         352         362
---------------------------------------------------------------------------

                              Personnel Summary

----------------------------------------------------------------------------
Identification code 86-4586-0-4-451      2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
2001  Total compensable workyears: Full-
        time equivalent employment......         349         365         436
---------------------------------------------------------------------------

                                

                        Administrative Provisions

    Sec. 201. Fifty percent of the amounts of budget authority, or in 
lieu thereof 50 percent of the cash amounts associated with such budget 
authority, that are recaptured from projects described in section 
1012(a) of the [Stewart B.] McKinney-Vento Homeless Assistance 
Amendments Act of 1988 (Public Law 100-628; 102 Stat. 3224, 3268) shall 
be rescinded, or in the case of cash, shall be remitted to the Treasury, 
and such amounts of budget authority or cash recaptured and not 
rescinded or remitted to the Treasury shall be used by State housing 
finance agencies or local governments or local housing agencies with 
projects approved by the Secretary of Housing and Urban Development for 
which settlement occurred after January 1, 1992, in accordance with such 
section. Notwithstanding the previous sentence, the Secretary may award 
up to 15 percent of the budget authority or cash recaptured and not 
rescinded or remitted to the Treasury to provide project owners with 
incentives to refinance their project at a lower interest rate.

                     [fair housing and free speech]

    [Sec. 202. None of the amounts made available under this Act may be 
used during fiscal year 2001 to investigate or prosecute under the Fair 
Housing Act any otherwise lawful activity engaged in by one or more 
persons, including the filing or maintaining of a non-frivolous legal 
action, that is engaged in solely for the purpose of achieving or 
preventing action by a Government official or entity, or a court of 
competent jurisdiction.]

           housing opportunities for persons with aids grants

    Sec. [203] 202. (a) Eligibility.--[Notwithstanding] Beginning in 
fiscal year 2002 and thereafter, and notwithstanding section 
854(c)(1)(A) of the AIDS Housing Opportunity Act (42 U.S.C.

[[Page 529]]

12903(c)(1)(A)), from any amounts made available under this title for a 
fiscal year [2001] that are allocated under such section, the Secretary 
of Housing and Urban Development shall allocate and make a grant, in the 
amount determined under subsection (b), for any State that--
        (1) received an allocation in a prior fiscal year under clause 
    (ii) of such section; and
        (2) is not otherwise eligible for an allocation for such fiscal 
    year [2001] under such clause (ii) because the areas in the State 
    outside of the metropolitan statistical areas that qualify under 
    clause (i) in such fiscal year [2001] do not have the number of 
    cases of acquired immunodeficiency syndrome (AIDS) required under 
    such clause.
    (b) Amount.--The amount of the allocation and grant for any State 
described in subsection (a) shall be an amount based on the cumulative 
number of AIDS cases in the areas of that State that are outside of 
metropolitan statistical areas that qualify under clause (i) of such 
section 854(c)(1)(A) [in fiscal year 2001], in proportion to AIDS cases 
among cities and States that qualify under clauses (i) and (ii) of such 
section and States deemed eligible under subsection (a).
    [(c) Environmental Review.--Section 856 of the Act is amended by 
adding the following new subsection at the end:
    ``(h) Environmental Review.--For purposes of environmental review, a 
grant under this subtitle shall be treated as assistance for a special 
project that is subject to section 305(c) of the Multifamily Housing 
Property Disposition Reform Act of 1994, and shall be subject to the 
regulations issued by the Secretary to implement such section.''.]
    Sec. 203. Section 225 of the Department of Veterans Affairs and 
Housing and Urban Development, and Independent Agencies Appropriations 
Act, 2000, P.L. 106-74, is amended by inserting ``and fiscal year 2002'' 
after ``fiscal year 2001''.

                    [enhanced disposition authority]

    [Sec. 204. Section 204 of the Departments of Veterans Affairs and 
Housing and Urban Development, and Independent Agencies Appropriations 
Act, 1997, is amended by striking ``and 2000'' and inserting ``2000, and 
thereafter''.]

            [Maximum Payment Standard for Enhanced Vouchers]

    [Sec. 205. Section 8(t)(1)(B) of the United States Housing Act of 
1937 is amended by inserting ``and any other reasonable limit prescribed 
by the Secretary'' immediately before the semicolon.]

                  [Due Process for Homeless Assistance]

    [Sec. 206. None of the funds appropriated under this or any other 
Act may be used by the Secretary of Housing and Urban Development to 
prohibit or debar or in any way diminish the responsibilities of any 
entity (and the individuals comprising that entity) that is responsible 
for convening and managing a continuum of care process (convenor) in a 
community for purposes of the Stewart B. McKinney Homeless Assistance 
Act from participating in that capacity unless the Secretary has 
published in the Federal Register a description of all circumstances 
that would be grounds for prohibiting or debarring a convenor from 
administering a continuum of care process and the procedures for a 
prohibition or debarment: Provided, That these procedures shall include 
a requirement that a convenor shall be provided with timely notice of a 
proposed prohibition or debarment, an identification of the 
circumstances that could result in the prohibition or debarment, an 
opportunity to respond to or remedy these circumstances, and the right 
for judicial review of any decision of the Secretary that results in a 
prohibition or debarment.]

                       [HUD Reform Act Compliance]

    [Sec. 207. Except as explicitly provided in legislation, any grant 
or assistance made pursuant to Title II of this Act shall be made in 
accordance with section 102 of the Department of Housing and Urban 
Development Reform Act of 1989 on a competitive basis.]

[Expansion of Environmental Assumption Authority for Homeless Assistance 
                                Programs]

    [Sec. 208. Section 443 of the Stewart B. McKinney Homeless 
Assistance Act is amended to read as follows:

``SEC. 443. ENVIRONMENTAL REVIEW.

    ``For purposes of environmental review, assistance and projects 
under this title shall be treated as assistance for special projects 
that are subject to section 305(c) of the Multifamily Housing Property 
Disposition Reform Act of 1994, and shall be subject to the regulations 
issued by the Secretary to implement such section.''.]

   [Technical Amendments and Corrections to the National Housing Act]

    [Sec. 209. (a) Section 203 Subsection Designations.--Section 203 of 
the National Housing Act is amended by--
        (1) redesignating subsection (t) as subsection (u);
        (2) redesignating subsection (s), as added by section 329 of the 
    Cranston-Gonzalez National Affordable Housing Act, as subsection 
    (t); and
        (3) redesignating subsection (v), as added by section 504 of the 
    Housing and Community Development Act of 1992, as subsection (w).
    (b) Mortgage Auctions.--The first sentence of section 
221(g)(4)(C)(viii) of the National Housing Act is amended by inserting 
after ``December 31, 2002'' the following: ``, except that this 
subparagraph shall continue to apply if the Secretary receives a 
mortgagee's written notice of intent to assign its mortgage to the 
Secretary on or before such date''.
    (c) Mortgagee Review Board.--Section 202(c)(2) of the National 
Housing Act is amended--
        (1) in subparagraph (E), by striking ``and'';
        (2) in subparagraph (F), by striking ``or their designees.'' and 
    inserting ``and'';
        (3) by adding the following new subparagraph at the end:
                ``(G) the Director of the Enforcement Center; or their 
            designees.''.]

                  [indian housing block grant program]

    [Sec. 210. Section 201(b) of the Native American Housing Assistance 
and Self-Determination Act of 1996 is amended--
        (1) by redesignating paragraphs (4) and (5) as paragraphs (5) 
    and (6) respectively; and
        (2) by inserting after paragraph (3) the following new 
    paragraph:
        ``(4) Law enforcement officers.--Notwithstanding paragraph (1), 
    a recipient may provide housing or housing assistance provided 
    through affordable housing activities assisted with grant amounts 
    under this Act to a law enforcement officer on the reservation or 
    other Indian area, who is employed full-time by a Federal, state, 
    county or tribal government, and in implementing such full-time 
    employment is sworn to uphold, and make arrests for violations of 
    Federal, state, county or tribal law, if the recipient determines 
    that the presence of the law enforcement officer on the Indian 
    reservation or other Indian area may deter crime.''.]

[prohibition on the use of federal assistance in support of the sale of 
                            tobacco products]

    [Sec. 211. None of the funds appropriated in this or any other Act 
may be used by the Secretary of Housing and Urban Development to provide 
any grant or other assistance to construct, operate, or otherwise 
benefit a facility, or facility with a designated portion of that 
facility, which sells, or intends to sell, predominantly cigarettes or 
other tobacco products. For the purposes of this provision, predominant 
sale of cigarettes or other tobacco products means cigarette or tobacco 
sales representing more than 35 percent of the annual total in-store, 
non-fuel, sales.]

      [prohibition on implementation of puerto rico public housing 
                  administration settlement agreement]

    [Sec. 212. No funds may be used to implement the agreement between 
the Commonwealth of Puerto Rico, the Puerto Rico Public Housing 
Administration, and the Department of Housing and Urban Development, 
dated June 7, 2000, related to the allocation of operating subsidies for 
the Puerto Rico Public Housing Administration unless the Puerto Rico 
Public Housing Administration and the Department of Housing and Urban 
Development submit by December 31, 2000 a schedule of benchmarks and 
measurable goals to the House and Senate Committees on Appropriations 
designed to address issues of mismanagement and safeguards against fraud 
and abuse.]

                   [HOPE VI Grant for Hollander Ridge]

    [Sec. 213. The Housing Authority of Baltimore City may use the grant 
award of $20,000,000 made to such authority for development efforts at 
Hollander Ridge in Baltimore, Maryland with funds appropriated for 
fiscal year 1996 under the heading ``Public Housing Demolition, Site 
Revitalization, and Replacement Housing Grants'' for use, as approved by 
the Secretary of Housing and Urban Development--

[[Page 530]]

        (1) for activities related to the revitalization of the 
    Hollander Ridge site; and
        (2) in accordance with section 24 of the United States Housing 
    Act of 1937.]

             [Computer Access for Public Housing Residents]

    [Sec. 214. (a) Use of Public Housing Capital and Operating Funds.--
Section 9 of the United States Housing Act of 1937 is amended--
        (1) in subsection (d)(1)(E), by inserting before the semicolon 
    the following: ``, including the establishment and initial operation 
    of computer centers in and around public housing through a 
    Neighborhood Networks initiative, for the purpose of enhancing the 
    self-sufficiency, employability, and economic self-reliance of 
    public housing residents by providing them with onsite computer 
    access and training resources'';
        (2) in subsection (e)(1)--
                (A) in subparagraph (I), by striking the word ``and'' at 
            the end;
                (B) in subparagraph (J), by striking the period and 
            inserting ``; and''; and
                (C) by adding after subparagraph (J) the following:
                ``(K) the costs of operating computer centers in public 
            housing through a Neighborhood Networks initiative described 
            in subsection (d)(1)(E), and of activities related to that 
            initiative.''; and
        (3) in subsection (h)--
                (A) in paragraph (6), by striking the word ``and'' at 
            the end;
                (B) in paragraph (7), by striking the period and 
            inserting ``; and''; and
                (C) by inserting after paragraph (7) the following:
        ``(8) assistance in connection with the establishment and 
    operation of computer centers in public housing through a 
    Neighborhood Networks initiative described in subsection 
    (d)(1)(E).''.
    (b) Demolition, Site Revitalization, Replacement Housing, and 
Tenant-Based Assistance Grants for Projects.--Section 24 of the United 
States Housing Act of 1937 is amended--
        (1) in subsection (d)(1)(G), by inserting before the semicolon 
    the following: ``, including a Neighborhood Networks initiative for 
    the establishment and operation of computer centers in public 
    housing for the purpose of enhancing the self-sufficiency, 
    employability, an economic self-reliance of public housing residents 
    by providing them with onsite computer access and training 
    resources''; and
        (2) in subsection (m)(2), in the first sentence, by inserting 
    before the period the following ``, including assistance in 
    connection with the establishment and operation of computer centers 
    in public housing through the Neighborhoods Networks initiative 
    described in subsection (d)(1)(G)''.]

                         [Mark-to-Market Reform]

    [Sec. 215. Notwithstanding any other provision of law, the 
properties known as the Hawthornes in Independence, Missouri shall be 
considered eligible multifamily housing projects for purposes of 
participating in the multifamily housing restructuring program pursuant 
to title V of the Departments of Veterans Affairs and Housing and Urban 
Development, and Independent Agencies Appropriations Act, 1998 (Public 
Law 105-65).]

                       [Section 236 Excess Income]

    [Sec. 216. Section 236(g)(3)(A) of the National Housing Act is 
amended by striking out ``fiscal year 2000'' and inserting in lieu 
thereof ``fiscal years 2000 and 2001''.]

                           [cdbg eligibility]

    [Sec. 217. Section 102(a)(6)(D) of the Housing and Community 
Development Act of 1974 is amended by--
        (1) in clause (v), striking out the ``or'' at the end;
        (2) in clause (vi), striking the period at the end; and
        (3) adding at the end the following new clause:
    ``(vii)(I) has consolidated its government with one or more 
municipal governments, such that within the county boundaries there are 
no unincorporated areas, (II) has a population of not less than 650,000, 
(III) for more than 10 years, has been classified as a metropolitan city 
for purposes of allocating and distributing funds under section 106, and 
(IV) as of the date of enactment of this clause, has over 90 percent of 
the county's population within the jurisdiction of the consolidated 
government; or
    ``(viii) notwithstanding any other provision of this section, any 
county that was classified as an urban county pursuant to subparagraph 
(A) for fiscal year 1999, at the option of the county, may hereafter 
remain classified as an urban county for purposes of this Act.''.]

 [exemption for alaska and mississippi from requirement of resident on 
                              board of pha]

    [Sec. 218. Public housing agencies in the States of Alaska and 
Mississippi shall not be required to comply with section 2(b) of the 
United States Housing Act of 1937, as amended, during fiscal year 2001.]

             [use of moderate rehabilitation funds for home]

    [Sec. 219. Notwithstanding any other provision of law, the Secretary 
of Housing and Urban Development shall make the funds available under 
contracts NY36K113004 and NY36K113005 of the Department of Housing and 
Urban Development available for use under the HOME Investment 
Partnerships Act and shall allocate such funds to the City of New 
Rochelle, New York.]

                       [loma linda reprogramming]

    [Sec. 220. Of the amounts made available under the sixth 
undesignated paragraph under the heading ``Community Planning and 
Development--Community Development Block Grants'' in title II of the 
Departments of Veterans Affairs and Housing and Urban Development, and 
Independent Agencies Appropriations Act, 1999 (Public Law 105-276) for 
the Economic Development Initiative (EDI) for grants for targeted 
economic investments, the $1,000,000 to be made available (pursuant to 
the related provisions of the joint explanatory statement in the 
conference report to accompany such Act (House Report 105-769)) to the 
City of Loma Linda, California, for infrastructure improvements at 
Redlands Boulevard and California Streets shall, notwithstanding such 
provisions, be made available to the City for infrastructure 
improvements related to the Mountain View Bridge.]

           [native american eligibility for the ross program]

    [Sec. 221. (a) Section 34 of the United States Housing Act of 1937 
is amended--
        (1) in the heading, by striking ``PUBLIC HOUSING'' and inserting 
    ``PUBLIC AND INDIAN HOUSING'';
        (2) in subsection (a)--
                (A) by inserting after ``residents,'' the following: 
            ``recipients under the Native American Housing Assistance 
            and Self-Determination Act of 1996 (notwithstanding section 
            502 of such Act) on behalf of residents of housing assisted 
            under such Act,'' and
                (B) by inserting after ``public housing residents'' the 
            second place it appears the following: ``and residents of 
            housing assisted under such Act'',
        (3) in subsection (b)--
                (A) by inserting after ``project'' the first place it 
            appears the following: ``or the property of a recipient 
            under such Act or housing assisted under such Act'';
                (B) by inserting after ``public housing residents'' the 
            following: ``or residents of housing assisted under such 
            Act''; and
                (C) in subsection (b)(1), by inserting after ``public 
            housing project'' the following: ``or residents of housing 
            assisted under such Act''; and
        (4) in subsection (d)(2), by striking ``State or local'' and 
    inserting ``State, local, or tribal''.
    (b) Assessment and Report.--Section 538(b)(1) of the Quality Housing 
and Work Responsibility Act of 1998 is amended by inserting after 
``public housing'' the following: ``and housing assisted under the 
Native American Housing Assistance and Self-Determination Act of 
1996''.]

     [treatment of expiring economic development initiative grants]

    [Sec. 222. (a) Availability.--Section 220(a) of the Departments of 
Veterans Affairs and Housing and Urban Development, and Independent 
Agencies Appropriations Act, 2000 (Public Law 106-74; 113 Stat. 1075) is 
amended by striking ``September 30, 2000'' and inserting ``September 30, 
2001''.
    (b) Applicability.--The Secretary of the Treasury and the Secretary 
of Housing and Urban Development shall take such actions as may be 
necessary to carry out such section 220 (as amended

[[Page 531]]

by this subsection (a) of this section) notwithstanding any actions 
taken previously pursuant to section 1552 of title 31, United States 
Code.]

           [home program disaster funding for elderly housing]

    [Sec. 223. Of the amounts made available under Chapter IX of the 
Supplemental Appropriations Act of 1993 for assistance under the HOME 
investment partnerships program to the city of Homestead, Florida 
(Public Law 103-50; 107 Stat. 262), up to $583,926.70 shall be made 
available to Dade County, Florida, for use only for rehabilitating 
housing for low-income elderly persons, and such amount shall not be 
subject to the requirements of such program, except for section 288 of 
the HOME Investment Partnerships Act (42 U.S.C. 12838).]

                       [cdbg public services cap]

    [Sec. 224. Section 105(a)(8) of the Housing and Community 
Development Act of 1974 is amended by striking ``1993'' and all that 
follows through ``City of Los Angeles'' and inserting ``1993 through 
2001 to the City of Los Angeles''.]

  [extension of applicability of downpayment simplification provisions]

    [Sec. 225. Subparagraph (A) of section 203(b)(10) of the National 
Housing Act (12 U.S.C. 1709(b)(10)(A)) is amended, in the matter that 
precedes clause (i), by striking ``mortgage'' and all that follows 
through ``involving'' and inserting ``mortgage closed on or before 
December 31, 2002, involving''.]

    [use of supportive housing program funds for information systems]

    [Sec. 226. Section 423 of the Stewart B. McKinney Homeless 
Assistance Act is amended under subsection (a) by adding the following 
paragraph:
        ``(7) Management information system.--A grant for the costs of 
    implementing and operating management information systems for 
    purposes of collecting unduplicated counts of homeless people and 
    analyzing patterns of use of assistance funded under this Act.''.]

                 [Indian Housing Loan Guarantee Reform]

    [Sec. 227. Section 184 of the Housing and Community Development Act 
of 1992 is amended--
        (1) in subsection (a), by striking ``or as a result of a lack of 
    access to private financial markets''; and
        (2) in subsection (b)(2), by inserting ``refinance,'' after 
    ``acquire,''.]

                [Use of Section 8 Vouchers for Opt-Outs]

    [Sec. 228. Section 8(t)(2) of the United States Housing Act of 1937 
is amended by inserting after ``contract for rental assistance under 
section 8 of the United States Housing Act of 1937 for such housing 
project'' the following: ``(including any such termination or expiration 
during fiscal years after fiscal year 1996 prior to the effective date 
of the Departments of Veterans Affairs and Housing and Urban 
Development, and Independent Agencies Appropriations Act, 2001)''.]

                [Homeless Discharge Coordination Policy]

    [Sec. 229. (a) Discharge Coordination Policy.--Subtitle A of title 
IV of the Stewart B. McKinney Homeless Assistance Act is amended by 
adding at the end the following new section:

``SEC. 402. DISCHARGE COORDINATION POLICY.

    ``The Secretary may not provide a grant under this title for any 
governmental entity serving as an applicant unless the applicant agrees 
to develop and implement, to the maximum extent practicable and where 
appropriate, policies and protocols for the discharge of persons from 
publicly funded institutions or systems of care (such as health care 
facilities, foster care or other youth facilities, or correction 
programs and institutions) in order to prevent such discharge from 
immediately resulting in homelessness for such persons.''.
    (b) Assistance Under Emergency Shelter Grants Program.--Section 
414(a)(4) of the Stewart B. McKinney Homeless Assistance Act is 
amended--
        (1) in the matter preceding subparagraph (A), by inserting a 
    comma after ``homelessness'';
        (2) by striking ``Not'' and inserting the following: 
    ``Activities that are eligible for assistance under this paragraph 
    shall include assistance to very low-income families who are 
    discharged from publicly funded institutions or systems of care 
    (such as health care facilities, foster care or other youth 
    facilities, or correction programs and institutions). Not''.]

            [technical change to seniors housing commission]

    [Sec. 230. Section 525 of the Preserving Affordable Housing for 
Senior Citizens and Families into the 21st Century Act'' (42 U.S.C. 
12701 note) is amended in subsection (a) by striking ``Commission on 
Affordable Housing and Health Care Facility Needs in the 21st Century'' 
and inserting ``Commission on Affordable Housing and Health Facility 
Needs for Seniors in the 21st Century''.]

              [interagency council on the homeless reforms]

    [Sec. 231. Title II of the Stewart B. McKinney Homeless Assistance 
Act is amended--
        (1) in section 202, under subsection (b) by inserting after the 
    period the following: ``The positions of Chairperson and Vice 
    Chairperson shall rotate among its members on an annual basis.''; 
    and
        (2) in section 209 by striking ``1994'' and inserting ``2005''.]

                [section 8 pha project-based assistance]

    [Sec. 232. (a) In General.--Paragraph (13) of section 8(o) of the 
United States Housing Act of 1937 (42 U.S.C. 1437f(o)(13)) is amended to 
read as follows:
        ``(13) PHA project-based assistance.--
                ``(A) In general.--A public housing agency may use 
            amounts provided under an annual contributions contract 
            under this subsection to enter into a housing assistance 
            payment contract with respect to an existing, newly 
            constructed, or rehabilitated structure, that is attached to 
            the structure, subject to the limitations and requirements 
            of this paragraph.
                ``(B) Percentage limitation.--Not more than 20 percent 
            of the funding available for tenant-based assistance under 
            this section that is administered by the agency may be 
            attached to structures pursuant to this paragraph.
                ``(C) Consistency with pha plan and other goals.--A 
            public housing agency may approve a housing assistance 
            payment contract pursuant to this paragraph only if the 
            contract is consistent with--
    ``(i) the public housing agency plan for the agency approved under 
section 5A; and
    ``(ii) the goal of deconcentrating poverty and expanding housing and 
economic opportunities.
                ``(D) Income mixing requirement.--
    ``(i) In general.--Not more than 25 percent of the dwelling units in 
any building may be assisted under a housing assistance payment contract 
for project-based assistance pursuant to this paragraph.
    ``(ii) Exceptions.--The limitation under clause (i) shall not apply 
in the case of assistance under a contract for housing consisting of 
single family properties or for dwelling units that are specifically 
made available for households comprised of elderly families, disabled 
families, and families receiving supportive services.
                ``(E) Resident choice requirement.--A housing assistance 
            payment contract pursuant to this paragraph shall provide as 
            follows:
    ``(i) Mobility.--Each low-income family occupying a dwelling unit 
assisted under the contract may move from the housing at any time after 
the family has occupied the dwelling unit for 12 months.
    ``(ii) Continued assistance.--Upon such a move, the public housing 
agency shall provide the low-income family with tenant-based rental 
assistance under this section or such other tenant-based rental 
assistance that is subject to comparable income, assistance, rent 
contribution, affordability, and other requirements, as the Secretary 
shall provide by regulation. If such rental assistance is not 
immediately available to fulfill the requirement under the preceding 
sentence with respect to a low-income family, such requirement may be 
met by providing the family priority to receive the next voucher or 
other tenant-based rental assistance amounts that become available under 
the program used to fulfill such requirement.
                ``(F) Contract term.--A housing assistance payment 
            contract pursuant to this paragraph between a public housing 
            agency and the owner of a structure may have a term of up to 
            10 years, subject to the availability of sufficient 
            appropriated funds for the purpose of renewing expiring 
            contracts for assistance payments, as provided in 
            appropriations Acts and in the agency's annual contributions 
            contract with the Secretary, and to annual compliance with 
            the inspection requirements under paragraph (8), except that 
            the agency shall not be required to make annual inspections 
            of each assisted unit in the devel

[[Page 532]]

            opment. The contract may specify additional conditions for 
            its continuation. If the units covered by the contract are 
            owned by the agency, the term of the contract shall be 
            agreed upon by the agency and the unit of general local 
            government or other entity approved by the Secretary in the 
            manner provided under paragraph (11).
                ``(G) Extension of contract term.--A public housing 
            agency may enter into a contract with the owner of a 
            structure assisted under a housing assistance payment 
            contract pursuant to this paragraph to extend the term of 
            the underlying housing assistance payment contract for such 
            period as the agency determines to be appropriate to achieve 
            long-term affordability of the housing or to expand housing 
            opportunities. Such a contract shall provide that the 
            extension of such term shall be contingent upon the future 
            availability of appropriated funds for the purpose of 
            renewing expiring contracts for assistance payments, as 
            provided in appropriations Acts, and may obligate the owner 
            to have such extensions of the underlying housing assistance 
            payment contract accepted by the owner and the successors in 
            interest of the owner.
                ``(H) Rent calculation.--A housing assistance payment 
            contract pursuant to this paragraph shall establish rents 
            for each unit assisted in an amount that does not exceed 110 
            percent of the applicable fair market rental (or any 
            exception payment standard approved by the Secretary 
            pursuant to paragraph (1)(D)), except that if a contract 
            covers a dwelling unit that has been allocated low-income 
            housing tax credits pursuant to section 42 of the Internal 
            Revenue Code of 1986 (26 U.S.C. 42) and is not located in a 
            qualified census tract (as such term is defined in 
            subsection (d) of such section 42), the rent for such unit 
            may be established at any level that does not exceed the 
            rent charged for comparable units in the building that also 
            receive the low-income housing tax credit but do not have 
            additional rental assistance. The rents established by 
            housing assistance payment contracts pursuant to this 
            paragraph may vary from the payment standards established by 
            the public housing agency pursuant to paragraph (1)(B), but 
            shall be subject to paragraph (10)(A).
                ``(I) Rent adjustments.--A housing assistance payments 
            contract pursuant to this paragraph shall provide for rent 
            adjustments, except that--
    ``(i) the adjusted rent for any unit assisted shall be reasonable in 
comparison with rents charged for comparable dwelling units in the 
private, unassisted, local market and may not exceed the maximum rent 
permitted under subparagraph (H); and
    ``(ii) the provisions of subsection (c)(2)(C) shall not apply.
                ``(J) Tenant selection.--A public housing agency shall 
            select families to receive project-based assistance pursuant 
            to this paragraph from its waiting list for assistance under 
            this subsection. Eligibility for such project-based 
            assistance shall be subject to the provisions of section 
            16(b) that apply to tenant-based assistance. The agency may 
            establish preferences or criteria for selection for a unit 
            assisted under this paragraph that are consistent with the 
            public housing agency plan for the agency approved under 
            section 5A. Any family that rejects an offer of project-
            based assistance under this paragraph or that is rejected 
            for admission to a structure by the owner or manager of a 
            structure assisted under this paragraph shall retain its 
            place on the waiting list as if the offer had not been made. 
            The owner or manager of a structure assisted under this 
            paragraph shall not admit any family to a dwelling unit 
            assisted under a contract pursuant to this paragraph other 
            than a family referred by the public housing agency from its 
            waiting list. Subject to its waiting list policies and 
            selection preferences, a public housing agency may place on 
            its waiting list a family referred by the owner or manager 
            of a structure and may maintain a separate waiting list for 
            assistance under this paragraph, but only if all families on 
            the agency's waiting list for assistance under this 
            subsection are permitted to place their names on the 
            separate list.
                ``(K) Vacated units.--Notwithstanding paragraph (9), a 
            housing assistance payment contract pursuant to this 
            paragraph may provide as follows:
    ``(i) Payment for vacant units.--That the public housing agency may, 
in its discretion, continue to provide assistance under the contract, 
for a reasonable period not exceeding 60 days, for a dwelling unit that 
becomes vacant, but only (I) if the vacancy was not the fault of the 
owner of the dwelling unit, and (II) the agency and the owner take every 
reasonable action to minimize the likelihood and extent of any such 
vacancy. Rental assistance may not be provided for a vacant unit after 
the expiration of such period.
    ``(ii) Reduction of contract.--That, if despite reasonable efforts 
of the agency and the owner to fill a vacant unit, no eligible family 
has agreed to rent the unit within 120 days after the owner has notified 
the agency of the vacancy, the agency may reduce its housing assistance 
payments contract with the owner by the amount equivalent to the 
remaining months of subsidy attributable to the vacant unit. Amounts 
deobligated pursuant to such a contract provision shall be available to 
the agency to provide assistance under this subsection.
                Eligible applicants for assistance under this subsection 
            may enforce provisions authorized by this subparagraph.''.
    (b) Applicability.--In the case of any dwelling unit that, upon the 
date of the enactment of this Act, is assisted under a housing 
assistance payment contract under section 8(o)(13) of the United States 
Housing Act of 1937 (42 U.S.C. 1437f(o)(13)) as in effect before such 
enactment, such assistance may be extended or renewed notwithstanding 
the requirements under subparagraphs (C), (D), and (E) of such section 
8(o)(13), as amended by subsection (a).]

  [disposition of hud-held and hud-owned multifamily projects for the 
                          elderly or disabled]

    [Sec. 233. Notwithstanding any other provision of law, in managing 
and disposing of any multifamily property that is owned or held by the 
Secretary and is occupied primarily by elderly or disabled families, the 
Secretary of Housing and Urban Development shall maintain any rental 
assistance payments under section 8 of the United States Housing Act of 
1937 that are attached to any dwelling units in the property. To the 
extent the Secretary determines that such a multifamily property owned 
or held by the Secretary is not feasible for continued rental assistance 
payments under such section 8, the Secretary may, in consultation with 
the tenants of that property, contract for project-based rental 
assistance payments with an owner or owners of other existing housing 
properties or provide other rental assistance.]

                      [family unification program]

    [Sec. 234. Section 8(x)(2) of the United States Housing Act of 1937 
(42 U.S.C 1437f(x)(2)) is amended--
        (1) by striking ``any family (A) who is otherwise eligible for 
    such assistance, and (B)'' and inserting ``(A) any family (i) who is 
    otherwise eligible for such assistance, and (ii)''; and
        (2) by inserting before the period at the end the following: 
    ``and (B) for a period not to exceed 18 months, otherwise eligible 
    youths who have attained at least 18 years of age and not more than 
    21 years of age and who have left foster care at age 16 or older''.]

 [permanent extension of fha multifamily mortgage credit demonstrations]

    [Sec. 235. Section 542 of the Housing and Community Development Act 
of 1992 (12 U.S.C. 1707 note) is amended--
        (1) in subsection (a)--
                (A) in the first sentence, by striking ``demonstrate the 
            effectiveness of providing'' and inserting ``provide''; and
                (B) in the second sentence, by striking 
            ``demonstration'' and inserting ``the'';
        (2) in subsection (b)--
                (A) in paragraph (1), by striking ``determine the 
            effectiveness of'' and inserting ``provide''; and
                (B) by striking paragraph (5), and inserting the 
            following new paragraph:
        ``(5) Insurance authority.--Using any authority provided in 
    appropriation Acts to insure mortgages under the National Housing 
    Act, the Secretary may enter into commitments under this subsection 
    for risk-sharing units.'';
        (3) in subsection (c)--
                (A) in paragraph (1), by striking ``test the 
            effectiveness of'' and inserting ``provide''; and
                (B) by striking paragraph (4) and inserting the 
            following new paragraph:
        ``(4) Insurance authority.--Using any authority provided in 
    appropriation Acts to insure mortgages under the National Housing

[[Page 533]]

    Act, the Secretary may enter into commitments under this subsection 
    for risk-sharing units.'';
        (4) by striking subsection (d);
        (5) by striking ``pilot'' and ``Pilot'' each place such terms 
    appear; and
        (6) in the section heading, by striking ``DEMONSTRATIONS'' and 
    inserting ``PROGRAMS''.]

SEC. 204. MORTGAGE LIMITS FOR MULTIFAMILY PROJECTS.

    (a) Section 207 Limits.--Section 207(c)(3) of the National Housing 
Act (12 U.S.C. 1713(c)(3)) is amended--
         (1) by striking ``$30,420'', ``$33,696'', ``$40,248'', 
    ``$49,608'', and ``$56,160'' and inserting ``$38,025'', ``$42,120'', 
    ``$50,310'', ``$62,010'', and ``$70,200'', respectively;
         (2) by striking ``$9,000'' and inserting ``$11,250''; and
         (3) by striking ``$35,100'', ``$39,312'', ``$48,204'', 
    ``$60,372'', and ``$68,262'' and inserting ``$43,875'', ``$49,140'', 
    ``$60,255'', ``$75,465'', and ``$85,328'', respectively.
    (b) Section 213 Limits.--Section 213(b)(2) of the National Housing 
Act (12 U.S.C. 1715e(b)(2)) is amended--
         (1) by striking ``$30,420'', ``$33,696'', ``$40,248'', 
    ``$49,608'', and ``$56,160'' and inserting ``$38,025'', ``$42,120'', 
    ``$50,310'', ``$62,010'', and ``$70,200'', respectively; and
         (2) by striking ``$35,100'', ``$39,312'', ``$48,204'', 
    ``$60,372'', and ``$68,262'' and inserting ``$43,875'', ``$49,140'', 
    ``$60,255'', ``$75,465'', and ``$85,328'', respectively.
    (c) Section 220 Limits.--Section 220(d)(3)(B)(iii) of the National 
Housing Act (12 U.S.C. 1715k(d)(3)(B)(iii)) is amended--
         (1) by striking ``$30,420'', ``$33,696'', ``$40,248'', 
    ``$49,608'', and ``$56,160'' and inserting ``$38,025'', ``$42,120'', 
    ``$50,310'', ``$62,010'', and ``$70,200'', respectively; and
         (2) by striking ``$35,100'', ``$39,312'', ``$48,204'', 
    ``$60,372'', and ``$68,262'' and inserting ``$43,875'', ``$49,140'', 
    ``$60,255'', ``$75,465'', and ``$85,328'', respectively.
    (d) Section 221(d)(3) Limits.--Section 221(d)(3)(ii) of the National 
Housing Act (12 U.S.C. 1715l(d)(3)(ii)) is amended--
         (1) by striking ``$33,638'', ``$38,785'', ``$46,775'', 
    ``$59,872'', and ``$66,700'' and inserting ``$42,048'', ``$48,481'', 
    ``58,469'', ``$74,840'', and ``$83,375'', respectively; and
         (2) by striking ``$35,400'', ``$40,579'', ``$49,344'', 
    ``$63,834'', and ``$70,070'' and inserting ``$44,250'', ``$50,724'', 
    ``$61,680'', ``$79,793'', and ``$87,588'', respectively.
    (e) Section 221(d)(4) Limits.--Section 221(d)(4)(ii) of the National 
Housing Act (12 U.S.C. 1715l(d)(4)(ii)) is amended--
         (1) by striking ``$30,274'', ``$34,363'', ``$41,536'', 
    ``$52,135'', and ``$59,077'' and inserting ``$37,843'', ``$42,954'', 
    ``$51,920'', ``$65,169'', and ``73,846'', respectively; and
         (2) by striking ``$32,701'', ``$37,487'', ``$45,583'', 
    ``$58,968'', and ``$64,730'' and inserting ``$40,876'', ``$46,859'', 
    ``$56,979'', ``$73,710'', and ``$80,913'', respectively.
    (f) Section 231 Limits.--Section 231(c)(2) of the National Housing 
Act (12 U.S.C. 1715v(c)(2)) is amended--
         (1) by striking ``$28,782'', ``$32,176'', ``$38,423'', 
    ``$46,238'', and ``$54,360'' and inserting ``$35,978'', ``40,220'', 
    ``$48,029'', ``$57,798'', ``$67,950'', respectively; and
         (2) by striking ``$32,701'', ``$37,487'', ``$45,583'', 
    ``$58,968'', and ``$64,730'' and inserting ``$40,876'', ``$46,859'', 
    ``$56,979'', ``$73,710'', and ``80,913'', respectively.
    (g) Section 234 Limits.--Section 234(e)(3) of the National Housing 
Act (12 U.S.C. 1715y(e)(3)) is amended--
         (1) by striking ``$30,420'', ``$33,696'', ``$40,248'', 
    ``$49,608'', and ``$56,160'' and inserting ``$38,025'', ``$42,120'', 
    ``$50,310'', ``$62,010'', and ``$70,200'', respectively; and
         (2) by striking ``$35,100'', ``$39,312'', ``$48,204'', 
    ``$60,372'', and ``$68,262'' and inserting ``$43,875'', ``$49,140'', 
    ``$60,255'', ``$75,465'', and ``$85,328'', respectively.
    SEC. 205. CLARIFICATION REGARDING MORTGAGE INSURANCE FOR PURCHASE OF 
EXISTING HEALTH CARE FACILITIES.--Section 223(f)(1) of the National 
Housing Act is amended by inserting ``purchase or'' immediately before 
``refinancing of existing debt''.

                   EMERGENCY HOMEOWNERSHIP COUNSELING

     SEC. 206. Section 106(c)(9) of the Housing and Urban Development 
Act of 1968 is repealed.

                      FHA INSURANCE FOR HYBRID ARMS

     SEC. 207. Section 251 of the National Housing Act is amended--
         (1) in subsection (b), by striking ``issue regulations'' and 
    all that follows and inserting the following: ``require that the 
    mortgagee make available to the mortgagor, at the time of loan 
    application, a written explanation of the features of an adjustable 
    rate mortgage consistent with the disclosure requirements applicable 
    to variable rate mortgages secured by a principal dwelling under the 
    Truth in Lending Act.''; and
        (2) by adding the following new subsection at the end:
                 ``(d)(1) The Secretary may insure under this subsection 
            a mortgage that meets the requirements of subsection (a), 
            except that the effective rate of interest--
                 ``(A) shall be fixed for a period of not less than the 
            first 3 years of the mortgage term;
                 ``(B) shall be adjusted by the mortgagee initially upon 
            the expiration of such period and annually thereafter; and
                 ``(C) in the case of the initial interest rate 
            adjustment, is subject to the 1 percent limitation only if 
            the interest rate remained fixed for 5 or fewer years.
                 ``(2) The disclosure required under subsection (b) 
            shall be required for a mortgage insured under this 
            subsection.
                 ``(3) The Secretary may implement this subsection in 
            advance of rulemaking.''.

SEC. 208. MORTGAGE INSURANCE PREMIUMS FOR SECTION 203(k) AND SECTION 234 
    SINGLE FAMILY PROGRAMS.

     (a) RISK-BASED PREMIUMS.--Section 203(c) of the National Housing 
Act is amended--
         (1) in paragraph (1), by striking ``and (k)'' and ``or (k)''; 
    and
        (2) in paragraph (2)--
                 (A) by inserting immediately after ``subsection (v),'' 
            the following: ``, and each mortgage that is insured under 
            subsection (k) or section 234(c),''; and
                 (B) by striking ``and executed on or after October 1, 
            1994,''.
     (b) EFFECTIVE DATE.--The amendments made by subsection (a) shall--
         (1) apply only to mortgages that are executed on or after the 
    date of enactment of this Act or a later date determined by the 
    Secretary and announced by notice in the Federal Register; and
         (2) be implemented in advance of any necessary conforming 
    changes to regulations.

SEC. 209. STANDARDS AND NEED FOR HOSPITALS WITH MORTGAGE INSURANCE.  
    Section 242(d)(4) of the National Housing Act is amended to read as 
    follows:

     ``(4)(A) The Secretary shall require satisfactory evidence that the 
hospital will be located in a State or political subdivision of a State 
with reasonable minimum standards of licensure and methods of operation 
for hospitals and satisfactory assurance that such standards will be 
applied and enforced with respect to the hospital.
     ``(B) The Secretary shall establish the means for determining need 
and feasibility for the hospital. If the State has an official procedure 
for determining need for hospitals, the Secretary shall also require 
that such procedure be followed before the application for insurance is 
submitted, and the application shall document that need has also been 
established under that procedure.''.

SEC. 210. STANDARDS AND NEED FOR NURSING HOMES, INTERMEDIATE CARE 
    FACILITIES, OR COMBINED NURSING HOMES AND INTERMEDIATE CARE 
    FACILITIES WITH MORTGAGE INSURANCE. Section 232(d)(4)(A) of the 
    National Housing Act is amended to read as follows:

     ``(A)(i) The Secretary shall require satisfactory evidence that a 
nursing home, intermediate care facility, or combined nursing home and 
intermediate care facility will be located in a State or political 
subdivision of a State with reasonable minimum standards of licensure 
and methods of operation for such homes, facilities, or combined homes 
and facilities. The Secretary shall also require satisfactory assurance 
that such standards will be applied and enforced with respect to the 
home, facility, or combined home or facility.
    ``(ii) The Secretary shall establish the means for determining need 
and feasibility for the home, facility, or combined home and facility. 
If the State has an official procedure for determining need for such 
homes, facilities, or combined homes and facilities, the Secretary shall 
also require that such procedure be followed before the application for 
insurance is submitted, and the application shall document that need has 
also been established under that procedure.''.

[[Page 534]]

                  Repeal of Section 236(s) Loan Program

    Sec. 211. (a) Section 236(s) of the National Housing Act (12 U.S.C. 
1715z-1(s)) is amended--
        (1) in the heading by striking ``AND LOANS'';
        (2) in paragraph (1), by deleting ``and loans'' after 
    ``grants'';
        (3) in paragraph (2)--
                (A) in the matter preceding subparagraph (A), by 
            striking ``or loan''; and
                (B) in subparagraph (E)(i), by striking ``or loan (as 
            appropriate)'';
        (4) in paragraph (3), in the matter that precedes subparagraph 
    (A), by striking ``or loan'';
        (5) in paragraph (4)--
                (A) by striking in the paragraph heading ``AND LOAN''; 
            and
                (B) by deleting ``or loan'' after ``grant'', each place 
            it appears;
        (6) in paragraph (6), by deleting ``or loan'' after ``grant'', 
    each place it appears;
        (7) in paragraph (7), by deleting subparagraph (D); and
        (8) by deleting paragraph (5) and redesignating paragraphs (6) 
    and (7) as (5) and (6).
    SEC. 212. AUTHORITY FOR HUD TO TERMINATE MORTGAGEE ORIGINATION 
APPROVAL FOR POORLY-PERFORMING MORTGAGEES.--Section 533 of the National 
Housing Act is amended to read as follows:
        ``SEC. 533. REVIEW OF MORTGAGEE PERFORMANCE AND AUTHORITY TO 
    TERMINATE.
                ``(a) Periodic Review of Mortgagee Performance.--To 
            reduce losses in connection with single family mortgage 
            insurance programs under this Act, at least once a year the 
            Secretary shall review the rate of early defaults and claims 
            for insured single family mortgages originated or 
            underwritten by each mortgagee.
                ``(b) Comparison With Other Mortgagees.--For each 
            mortgagee, the Secretary shall compare the rate of early 
            defaults and claims for insured single family mortgage loans 
            originated or underwritten by the mortgagee in an area with 
            the rate of early defaults and claims for other mortgagees 
            originating or underwriting insured single family mortgage 
            loans in the area. For purposes of this section, the term 
            ``area'' means each geographic area in which the mortgagee 
            is authorized by the Secretary to originate insured single 
            family mortgages.
                ``(c) Termination of Mortgagee Origination Approval.--
            (1) Notwithstanding section 202(c) of this Act, the 
            Secretary may terminate the approval of a mortgagee to 
            originate or underwrite single family mortgages if the 
            Secretary determines that the mortgage loans originated or 
            underwritten by the mortgagee present an unacceptable risk 
            to the insurance funds. The determination shall be based on 
            the comparison required under subsection (b) and shall be 
            made in accordance with regulations of the Secretary. The 
            Secretary may rely on existing regulations published before 
            this section takes effect.
                ``(2) The Secretary shall give a mortgagee at least 60 
            days prior written notice of any termination under this 
            subsection. The termination shall take effect at the end of 
            the notice period, unless the Secretary withdraws the 
            termination notice or extends the notice period. If 
            requested in writing by the mortgagee within 30 days of the 
            date of the notice, the mortgagee shall be entitled to an 
            informal conference with the official authorized to issue 
            termination notices on behalf of the Secretary (or a 
            designee of that official). At the informal conference, the 
            mortgagee may present for consideration specific factors 
            that it believes were beyond its control and that caused the 
            excessive default and claim rate.''.

SEC. 213. REPEAL OF FEDERALIZATION OF PUBLIC HOUSING UNITS.

    (a) Section 9(n)(1) of the United States Housing Act of 1937 is 
hereby repealed.
    (b) Section 226 of the Departments of Veterans Affairs and Housing 
and Urban Development, and Independent Agencies Appropriations Act, 
1999, is hereby repealed.
    (c) The amendment made by subsection (a) shall be deemed to have 
taken effect on October 1, 1998.
    (d) The amendment made by subsection (b) shall be deemed to have 
taken effect on October 21, 1998.

                   AMENDMENT TO DOWNPAYMENT ASSISTANCE

    Sec. 214.  Section 8(y)(7)(A) of the United States Housing Act of 
1937 is amended by striking ``for fiscal year 2000 and each fiscal year 
thereafter to the extent provided in advance in appropriations Acts''.  
(Departments of Veterans Affairs and Housing and Urban Development, and 
Independent Agencies Appropriations Act, 2001, as enacted by section 
1(a)(1) of P.L. 106-377.)

                      General Fund Receipt Accounts

                           (in millions of dollars)

----------------------------------------------------------------------------
                                         2000 actual   2001 est.   2002 est.
----------------------------------------------------------------------------
Offsetting receipts from the public:
  86-271910  FHA-general and special 
    risk, Negative subsidies............          62         103         445
  86-271930  FHA-general and special 
    risk, Downward reestimates of 
    subsidies...........................                     304
  86-274330  Indian housing loan 
    guarantees, downward reestimates of 
    subsidies...........................                       6
                                           ---------   ---------  ----------
General Fund Offsetting receipts from 
 the public.............................          62         413         445
---------------------------------------------------------------------------

                                
