[Appendix]
[Detailed Budget Estimates by Agency]
[Department of Housing and Urban Development]
[From the U.S. Government Printing Office, www.gpo.gov]
[[Page 529]]
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 increase homeownership, support
community development, and increase access to affordable housing free
from discrimination. The 2007 Budget for HUD includes major reform
proposals for the Federal Housing Administration (FHA), the Community
Development Block Grant (CDBG) program, and housing vouchers. These
reforms will enhance the effectiveness of HUD's programs.
The Department continues to emphasize expanding homeownership
opportunities for all. Toward that goal, as part of a broader reform of
FHA, two new programs are being proposed for 2007. First, FHA will
introduce a 100 percent financing option for families who have good
credit histories but lack the savings needed for the downpayment on a
home. The second program will be directed toward families who have
impaired credit histories and would normally be served only by the sub-
prime market. Also, the HOME Investment Partnerships Program is
increased by $160 million. The funding includes $100 million for the
American Dream Downpayment Initiative. The improved performance of FHA
and other homeownership efforts will help meet the goal of adding 5.5
million new minority homeowners by 2010.
The 2005 appropriation completed the shift of the Housing Choice
Voucher program to a budget-based as opposed to a unit-based program.
This shift was initiated by Congress in 2004 and will help in
controlling the program's upward spiral in costs. Legislation has been
proposed to provide Public Housing Agencies with substantial new
flexibility to manage the voucher program in a way that controls costs
and increases benefits to the two million families currently receiving
assistance.
HUD continues to focus on combating homelessness and eliminating
chronic homelessness with $1.54 billion for Homeless Assistance,
including up to $200 million for a Samaritan initiative to provide
supportive housing linked to services for chronically homeless persons.
Homeless assistance includes $25 million for HUD's part in a three-
agency faith-based Prisoner Reentry initiative.
Funding in the 2007 budget for the Fair Housing Assistance and Fair
Housing Initiatives programs (FHAP and FHIP) will continue to 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. With the publication of the National
Discrimination Study, HUD now has the information necessary to improve
enforcement, reduce discrimination, and address accessibility issues.
The Community Development Block Grant program, along with other
federal programs for community and economic development, will be
reformed in 2007 to increase the focus and effectiveness of federal
efforts to provide adequate economic opportunity in low-income
communities. HUD will propose legislation soon to revise the CDBG
allocation formulas, to provide bonus funds tied to performance, and to
make further reforms to increase CDBG's effectiveness. HUD will continue
to provide funds for Indian Community Development and Native American
Housing.
HUD is one of five Departments that are leading the Federal
Government in tapping the potential of faith-based and community
organizations to improve housing and help develop communities.
The 2007 budget includes $115 million in lead hazard reduction
grants to continue the 10-year program to eradicate lead hazards in
housing.
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,
provide research and analysis of national housing and economic
conditions, and evaluate the performance of programs, consistent with
the Government Performance and Results Act of 1994.
The Department will continue the management reform effort initiated
in 2001 and undertake further efforts in 2006 and 2007 to refocus HUD on
its core mission and key programs as part of a continuing series of
planned reforms to improve program performance.
PUBLIC AND INDIAN HOUSING
Federal Funds
General and special funds:
Prevention of Resident Displacement
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0311-0-1-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.00 Reimbursable program.............. 10 69
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 10 69
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 69
22.00 New budget authority (gross)...... 79
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 79 69
23.95 Total new obligations............. -10 -69
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 69
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
68.00 Spending authority from
offsetting collections
(gross): Offsetting
collections (cash)............ 79
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 10
73.10 Total new obligations............. 10 69
73.20 Total outlays (gross)............. -79
--------- --------- ----------
74.40 Obligated balance, end of year.. 10
----------------------------------------------------------------------------
Outlays (gross), detail:
86.93 Outlays from discretionary
balances........................ 79
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -79
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -79 79
---------------------------------------------------------------------------
HUD received $79 million from FEMA in 2005 via a mission assignment
to provide housing assistance to families that were affected by
Hurricane Katrina. Eligible recipients included families that were
previously assisted by HUD or those that were homeless prior to
Hurricane Katrina. Similar activities will be continued under the $390
million supplemental
[[Page 530]]
appropriation pursuant to P.L. 109-148, the Robert T. Stafford Disaster
Relief and Emergency Act (42 U.S.C. 5121 et seq.) under the Tenant-Based
Rental Assistance account.
Tenant-Based Rental Assistance
(including transfer of funds)
For activities and assistance for the provision of tenant-based
rental assistance authorized under the United States Housing Act of
1937, as amended (42 U.S.C. 1437 et seq.) (``the Act'' herein), not
otherwise provided for, [$15,573,655,725] $15,920,000,000, to remain
available until expended, of which [$11,373,656,000] $11,720,000,000
shall be available on October 1, [2005] 2006, and $4,200,000,000 shall
be available on October 1, [2006] 2007: Provided, That the amounts made
available under this heading are provided as follows:
(1) [$14,089,755,725] $14,436,200,000 for renewals of expiring
section 8 tenant-based annual contributions contracts (including
renewals of enhanced vouchers under any provision of law authorizing
such assistance under section 8(t) of the Act): Provided, That
notwithstanding any other provision of law, from amounts provided
under this paragraph, the Secretary for the calendar year [2006]
2007 funding cycle shall provide renewal funding for each public
housing agency based on [each public housing agency's 2005 annual
budget for renewal funding as calculated by HUD, prior to
prorations] the amount public housing agencies were eligible to
receive in calendar year 2006, and by applying the 2007 Annual
Adjustment Factor as established by the Secretary, and by making any
necessary adjustments for the costs associated with deposits to
Family Self-Sufficiency Program escrow accounts or the first-time
renewal of tenant protection or HOPE VI vouchers [or vouchers that
were not in use during the 12-month period in order to be available
to meet a commitment pursuant to section 8(o)(13) of the Act]:
Provided further, That the Secretary shall, to the extent necessary
to stay within the amount provided under this paragraph, pro rate
each public housing agency's allocation otherwise established
pursuant to this paragraph: [Provided further, That except as
provided in the following proviso, the entire amount provided under
this paragraph shall be obligated to the public housing agencies
based on the allocation and pro rata method described above:]
Provided further, That public housing agencies participating in the
Moving to Work demonstration shall be funded pursuant to their
Moving to Work agreements and shall be subject to the same pro rata
adjustments under the previous proviso: Provided further, That up to
[$45,000,000] $100,000,000 shall be available [only: (1) to adjust
the allocations for public housing agencies, after application for
an adjustment by a public housing agency and verification by HUD,
whose allocations under this heading for contract renewals for the
calendar year 2005 funding cycle were based on verified VMS leasing
and cost data averaged for the months of May, June, and July of 2004
and solely because of temporarily low leasing levels during such 3-
month period did not accurately reflect leasing levels and costs for
the 2004 fiscal year of the agencies; and (2) for adjustments for
public housing agencies that experienced a significant increase, as
determined by the Secretary, in renewal costs resulting from
unforeseen circumstances or from the portability under section 8(r)
of the United States Housing Act of 1937 of tenant-based rental
assistance: Provided further, That none of the funds provided in
this paragraph may be used to support a total number of unit months
under lease which exceeds a public housing agency's authorized level
of units under contract] for additional rental subsidy due to
unforeseen exigencies as determined by the Secretary and for the
one-time funding of housing assistance payments resulting from the
portability provisions of the housing choice voucher program;
(2) [$180,000,000] $149,300,000 for section 8 rental assistance
for relocation and replacement of housing units under lease that are
demolished or disposed of pursuant to the Omnibus Consolidated
Rescissions and Appropriations Act of 1996 (Public Law 104-134),
conversion of section 23 projects to assistance under section 8, the
family unification program under section 8(x) of the Act, 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, enhanced vouchers under any provision of law
authorizing such assistance under section 8(t) of the Act, HOPE VI
vouchers, mandatory and voluntary conversions, and tenant protection
assistance including replacement and relocation assistance:
Provided, That [no more than $12,000,000 can be used for section 8
assistance to cover the cost of judgments and settlement agreements]
additional section 8 tenant protection rental assistance costs may
be funded in 2007 by utilizing unobligated balances, including
recaptures and carryover, remaining from funds appropriated to the
Department of Housing and Urban Development under this heading, the
heading ``Annual Contributions for Assisted Housing'', the heading
``Housing Certificate Fund'', and the heading ``Project-based rental
assistance'', for fiscal year 2006 and prior years;
(3) [$48,000,000] $47,500,000 for family self-sufficiency
coordinators under section 23 of the Act;
(4) [$5,900,000] $5,900,000 shall be transferred to the Working
Capital Fund; and
(5) [$1,250,000,000] $1,281,100,000 for administrative and other
expenses of public housing agencies in administering the section 8
tenant-based rental assistance program, of which up to [$10,000,000]
$30,000,000 shall be available to the Secretary to allocate to
public housing agencies that need additional funds to administer
their section 8 programs, with up to $20,000,000 to be for fees
associated with section 8 tenant protection rental assistance:
Provided, That [$1,240,000,000] $1,251,200,000 of the amount
provided in this paragraph shall be allocated for the calendar year
[2006] 2007 funding cycle on a pro rata basis to public housing
agencies based on the amount public housing agencies were eligible
to receive in calendar year [2005] 2006: Provided further, That all
amounts provided under this paragraph shall be only for activities
related to the provision of tenant-based rental assistance
authorized under section 8, including related development
activities. (Department of Housing and Urban Development
Appropriations Act, 2006.)
[For an additional amount for housing vouchers for households within
the area declared a major disaster under the Robert T. Stafford Disaster
Relief and Emergency Act (42 U.S.C. 5121 et seq.) resulting from
hurricanes in the Gulf of Mexico during calendar year 2005,
$390,299,500, to remain available until September 30, 2007: Provided,
That such households shall be limited to those which, prior to
Hurricanes Katrina or Rita, received assistance under section 8 or 9 of
the United States Housing Act of 1937 (Public Law 93-383), section 801
or 811 of the Cranston-Gonzalez National Affordable Housing Act (Public
Law 101-625), the AIDS Housing Opportunity Act (Public Law 101-625), or
the Stewart B. McKinney Homeless Assistance Act (Public Law 100-77); or
those which were homeless or in emergency shelters in the declared
disaster area prior to Hurricanes Katrina or Rita: Provided further,
That these funds are available for assistance, under section 8(o) of the
United States Housing Act of 1937: Provided further, That in
administering assistance under this heading the Secretary of Housing and
Urban Development may waive requirements for income eligibility and
tenant contribution under section 8 of such Act for up to 18 months:
Provided further, That all households receiving housing vouchers under
this heading shall be eligible to reoccupy their previous assisted
housing, if and when it becomes available: Provided further, That the
amount provided under this heading is designated as an emergency
requirement pursuant to section 402 of H. Con. Res. 95 (109th Congress),
the concurrent resolution on the budget for fiscal year 2006.]
(Emergency Supplemental Appropriations Act to Address Hurricanes in the
Gulf of Mexico and Pandemic Influenza, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0302-0-1-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Tenant Protection................. 125 215 149
00.02 Administrative Fees............... 1,197 1,241 1,281
00.03 Family Self Sufficiency
Coordinators.................... 93 48
00.05 Working Capital Fund.............. 3 6 6
00.06 Contract Renewals................. 9,188 13,950 14,436
00.07 Disaster Assistance............... 390
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 10,513 15,895 15,920
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 87
22.00 New budget authority (gross)...... 10,600 15,808 15,920
--------- --------- ----------
[[Page 531]]
23.90 Total budgetary resources
available for obligation...... 10,600 15,895 15,920
23.95 Total new obligations............. -10,513 -15,895 -15,920
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 87
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 10,685 11,764 11,720
40.33 Appropriation permanently
reduced (P.L. 109-148)........ -114
40.35 Appropriation permanently
reduced....................... -85
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 10,600 11,650 11,720
55.00 Advance appropriation........... 4,200 4,200
55.33 Appropriation permanently
reduced (P.L. 109-148)........ -42
--------- --------- ----------
55.90 Advance appropriation (total
discretionary).............. 4,158 4,200
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 10,600 15,808 15,920
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 482 943
73.10 Total new obligations............. 10,513 15,895 15,920
73.20 Total outlays (gross)............. -10,031 -15,434 -16,024
--------- --------- ----------
74.40 Obligated balance, end of year.. 482 943 839
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 10,031 14,904 15,124
86.93 Outlays from discretionary
balances........................ 530 900
--------- --------- ----------
87.00 Total outlays (gross)........... 10,031 15,434 16,024
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 10,600 15,808 15,920
90.00 Outlays........................... 10,031 15,434 16,024
---------------------------------------------------------------------------
Tenant Based Rental Assistance. The 2005 Appropriations enacted
several reforms to the funding structure of the Tenant-based Rental
Assistance program (also known as the Housing Choice Voucher Program)
but allows limited flexibility on the part of Public Housing Agencies
(PHAs) to adjust to these changes. The Administration will continue to
promote the State and Local Housing Flexibility Act of 2005 that will
expand the dollar-based approach adopted by Congress and include the
necessary flexibility to run effective and efficient programs. These
reforms will improve the delivery of rental and homeownership subsidies
for low-income families in a fiscally responsible manner, thereby
ensuring the long-term sustainability of the tenant-based voucher
program. The proposal includes greater PHA discretion in meeting local
housing objectives and provides for steady and predictable funding
levels adjusted annually for inflation.
In 2006 the Department of Housing the Urban Development received
$390 million for housing vouchers and administrative fees to supplement
Tenant-Based Rental Assistance pursuant to P.L. 109-148 to assist
households within the area declared a major disaster under the Robert T.
Stafford Disaster Relief and Emergency Act (42 U.S.C. 5121 et seq.)
resulting from Hurricanes Katrina and Rita that were assisted by HUD,
homeless--on the street or in emergency shelters--prior to Hurricanes
Katrina and Rita. The Department will assist these families for a period
of 18 months.
Housing Certificate Fund
(rescission)
Of the unobligated balances, including recaptures and carryover,
remaining from funds appropriated to the Department of Housing and Urban
Development under this heading, the heading ``Annual contributions for
assisted housing'', the heading ``Tenant-based rental assistance'', and
the heading ``Project-based rental assistance'', for fiscal year [2005]
2006 and prior years, [$2,050,000,000] $2,000,000,000 is rescinded, to
be effected by the Secretary no later than September 30, [2006] 2007:
Provided, That, if insufficient funds exist under these headings, the
remaining balance may be derived from any other heading under this
title: [Provided further, That the Secretary shall notify the Committees
on Appropriations 30 days in advance of the rescission of any funds
derived from the headings specified above:] Provided further, That any
such balances governed by reallocation provisions under the statute
authorizing the program for which the funds were originally appropriated
shall be available for the rescission: Provided further, That any
obligated balances of contract authority from fiscal year 1974 and prior
that have been terminated shall be cancelled[: Provided further, That no
amounts recaptured from amounts appropriated in prior years under this
heading or the heading ``Annual contributions for assisted housing'' and
no carryover of such appropriated amounts for project-based assistance
shall be available for the calendar year 2006 funding cycle for
activities provided for under the heading ``Tenant-based rental
assistance'']. (Department of Housing and Urban Development
Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0319-0-1-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Contract renewals................. 4,351 1,177
00.02 Contract Administrator............ 51 94
00.03 Rental Assistance................. 102 28
00.05 Section 8 Amendments.............. 299 108
00.11 Administrative Fees............... 79 3
00.12 Central Reserve................... 44 4
00.16 Family Self Sufficiency
Coordinators.................... 48
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 4,974 1,414
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 2,255 1,414
22.00 New budget authority (gross)...... 2,710 -2,050 -2,000
22.10 Resources available from
recoveries of prior year
obligations..................... 1,454 2,050 2,000
22.75 Balance of contract authority
withdrawn....................... -31
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 6,388 1,414
23.95 Total new obligations............. -4,974 -1,414
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 1,414
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.36 Unobligated balance permanently
reduced....................... -1,456 -2,050 -2,000
55.00 Advance appropriation........... 4,200
55.35 Advance appropriation
permanently reduced........... -34
--------- --------- ----------
55.90 Advance appropriation (total
discretionary).............. 4,166
Mandatory:
60.00 Appropriation................... 2,500 5,000 5,000
60.49 Portion applied to liquidate
contract authority............ -2,500 -5,000 -5,000
--------- --------- ----------
62.50 Appropriation (total
mandatory)..................
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 2,710 -2,050 -2,000
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 26,383 18,807 14,454
73.10 Total new obligations............. 4,974 1,414
73.20 Total outlays (gross)............. -11,096 -3,717 -3,278
73.45 Recoveries of prior year
obligations..................... -1,454 -2,050 -2,000
--------- --------- ----------
74.40 Obligated balance, end of year.. 18,807 14,454 9,176
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 1,227
86.93 Outlays from discretionary
balances........................ 9,869 3,717 3,278
--------- --------- ----------
87.00 Total outlays (gross)........... 11,096 3,717 3,278
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 2,710 -2,050 -2,000
90.00 Outlays........................... 11,096 3,717 3,278
----------------------------------------------------------------------------
Memorandum (non-add) entries:
93.03 Obligated balance, start of year:
Contract authority.............. 15,741 10,741
93.04 Obligated balance, end of year:
Contract authority.............. 15,741 10,741 5,741
---------------------------------------------------------------------------
The Housing Certificate Fund, until 2005, provided funding to both
project-based and tenant-based components of the Section 8 program.
Project-based Rental Assistance and Tenant-based Rental Assistance are
now separately funded accounts,
[[Page 532]]
and the Housing Certificate Fund retains balances from previous years'
appropriations and in 2007 includes a rescission of $2 billion of those
balances.
Project-Based Rental Assistance
(including transfer of funds)
For activities and assistance for the provision of project-based
subsidy contracts under the United States Housing Act of 1937, as
amended (42 U.S.C. 1437 et seq.) (``the Act'' herein), not otherwise
provided for, [$5,088,300,000] $5,675,700,000, to remain available until
expended: Provided, That the amounts made available under this heading
are provided as follows:
(1) [$4,939,700,000] $5,526,240,000 for expiring or terminating
section 8 project-based subsidy contracts (including section 8
moderate rehabilitation contracts), for amendments to section 8
project-based subsidy contracts (including section 8 moderate
rehabilitation contracts), for contracts entered into pursuant to
section 441 of the McKinney-Vento Homeless Assistance Act, for
renewal of section 8 contracts for units in projects that are
subject to approved plans of action under the Emergency Low Income
Housing Preservation Act of 1987 or the Low-Income Housing
Preservation and Resident Homeownership Act of 1990, and for
administrative and other expenses associated with project-based
activities and assistance funded under this paragraph.
(2) [$147,200,000] $145,500,000 for performance-based contract
administrators for section 8 project-based assistance: Provided,
That the Secretary may also use such amounts for performance-based
contract administrators for: interest reduction payments pursuant to
section 236(a) of the National Housing Act (12 U.S.C. 1715z-1(a));
rent supplement payments pursuant to section 101 of the Housing and
Urban Development Act of 1965 (12 U.S.C. 1701s); section 236(f)(2)
rental assistance payments (12 U.S.C. 1715z-1(f)(2)); project rental
assistance contracts for the elderly under section 202(c)(2) of the
Housing Act of 1959, as amended (12 U.S.C. 1701q, 1701q-1); project
rental assistance contracts for supportive housing for persons with
disabilities under section 811(d)(2) of the Cranston-Gonzalez
National Affordable Housing Act; project assistance contracts
pursuant to section 202(h) of the Housing Act of 1959 (Public Law
86-372; 73 Stat. 667); and loans under section 202 of the Housing
Act of 1959 (Public Law 86-372; 73 Stat. 667).
(3) [$1,400,000] $3,960,000 shall be transferred to the Working
Capital Fund[: Provided further, That amounts recaptured under this
heading, the heading ``Annual Contributions for Assisted Housing'',
or the heading ``Housing Certificate Fund'', for project-based
section 8 activities may be used for renewals of or amendments to
section 8 project-based subsidy contracts or for performance-based
contract administrators, notwithstanding the purposes for which such
amounts were appropriated].
(4) amounts recaptured under this heading, the heading ``Annual
Contributions for Assisted Housing'', or the heading ``Housing
Certificate Fund'' may be used for renewals of or amendments to
section 8 project-based contracts or for performance-based contract
administrators, notwithstanding the purposes for which such amounts
were appropriated. (Department of Housing and Urban Development
Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0303-0-1-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Contract Renewals................. 4,611 5,475 5,526
00.02 Contract Administrators........... 75 171 146
00.03 Working Capital Fund.............. 2 1 4
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 4,688 5,647 5,676
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 610
22.00 New budget authority (gross)...... 5,298 5,037 5,676
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 5,298 5,647 5,676
23.95 Total new obligations............. -4,688 -5,647 -5,676
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 610
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 5,341 5,088 5,676
40.33 Appropriation permanently
reduced (P.L. 109-148)........ -51
40.35 Appropriation permanently
reduced....................... -43
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 5,298 5,037 5,676
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 2,530 3,291
73.10 Total new obligations............. 4,688 5,647 5,676
73.20 Total outlays (gross)............. -2,158 -4,886 -5,324
--------- --------- ----------
74.40 Obligated balance, end of year.. 2,530 3,291 3,643
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 2,158 2,267 2,554
86.93 Outlays from discretionary
balances........................ 2,619 2,770
--------- --------- ----------
87.00 Total outlays (gross)........... 2,158 4,886 5,324
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 5,298 5,037 5,676
90.00 Outlays........................... 2,158 4,886 5,324
---------------------------------------------------------------------------
Project-based Rental Assistance. HUD subsidizes rents for
approximately 1.3 million families in over 19,000 projects under the
Section 8 project-based rent subsidy program. Unlike the tenant-based
Section 8 program, subsidies in the project-based program are tied
directly to the project. Tenants pay up to 30 percent of income toward
the rent with HUD subsidizing the remainder. Rents are adjusted
periodically subject to HUD guidelines and approval. The Section 8
project-based program provides essential assistance to maintain the
stock of affordable housing for low-and moderate-income families and
individuals, many of whom are elderly or disabled. Program activity
includes the following:
Contract Renewals. Original Section 8 assistance contracts were
entered into between HUD and project owners for periods of up to 40
years. As contract terms expire they are renewed on an annual funding
cycle and additional renewal budget authority is required to maintain
the housing stock.
Section 8 Amendments. A funding amendment to a Section 8 contract is
required to maintain the project until its contract expiration date when
actual costs incurred exceed the amount of budget authority originally
set-aside for the project. These additional costs are proposed to be
entirely funded in 2007 by utilizing excess balances remaining on
expired Section 8 contracts that utilized less than anticipated
resources in completing the contract. No new BA is requested in 2007 for
Section 8 Amendment activity.
Contract Administrators. HUD utilizes Performance Based Contract
Administrators (PBCAs) to administer and monitor the project-based
portfolio. There are presently 55 PHAs under contract to manage
approximately 13,633 contracts with 892,000 units. An additional 3,700
contracts with 275,000 units are anticipated to be added to the PBCA
inventory in 2007. Further, language is included under the Project
Rental Assistance heading for PBCA administration of non-Section 8
contracts. These include Rent Supplement and Rental Assistance Program
(RAP) contracts, Project Rental Assistance Contracts (PRAC) and Project
Assistance Contracts (PAC), and Section 236 contracts. Funding for 2007
is proposed to be derived by $145.5 million of new budget authority.
Project-based Tenant Protection. Voucher assistance is provided to
tenants who face dislocation as a result of actions taken by project
owners or by HUD that are beyond their control. This occurs as a result
of owners opting out of the program or being terminated by HUD. HUD's
property disposition activities and prepayment activity under the
Preservation program may also lead to Project-Based Tenant Protec
[[Page 533]]
tion requirements. These project-based requirements, which are met
through voucher assistance, are funded under the Tenant-Based heading.
Working Capital Fund Transfer. A total of $4.0 million is requested
in 2007 to fund development of and modifications to technology systems
that service or are related to the programs or activities under this
heading.
Moving to Work
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0331-0-1-451 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 1
73.40 Adjustments in expired accounts
(net)........................... -1
--------- --------- ----------
74.40 Obligated balance, end of year..
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------
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 vouchers into a flexible housing
assistance fund. PHAs may provide 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. The State
and Local Housing Flexibility Act of 2005 proposes to expand Moving to
Work as a reward for well-performing and well-managed PHAs.
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. 1437g) (the ``Act'') [$2,463,600,000] $2,178,000,000, to remain
available until September 30, [2009] 2010: Provided, That
notwithstanding any other provision of law or regulation, during fiscal
year [2006] 2007, the Secretary may not delegate to any Department
official other than the Deputy Secretary and the Assistant Secretary for
Public and Indian Housing any authority under paragraph (2) of section
9(j) regarding the extension of the time periods under such section:
Provided further, That for purposes of such section 9(j), the term
``obligate'' means, with respect to amounts, that the amounts are
subject to a binding agreement that will result in outlays, immediately
or in the future: Provided further, That of the total amount provided
under this heading, up to [$11,000,000] $10,890,000 shall be for
carrying out activities under section 9(h) of such Act: Provided
further, That [$11,000,000] up to $14,850,000 shall be transferred to
the Working Capital Fund: Provided further, 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, as amended: Provided further, That of
the total amount provided under this heading, up to [$17,000,000]
$19,800,000 shall be available for the Secretary of Housing and Urban
Development to make grants, notwithstanding section 305 of this Act, to
public housing agencies for emergency capital needs resulting from
unforeseen or unpreventable emergencies and natural disasters occurring
in fiscal year 2005, 2006, and 2007: Provided further, That of the total
amount provided under this heading, [$38,000,000] $23,760,000 shall be
for supportive services, service coordinators and congregate services as
authorized by section 34 of the Act and the Native American Housing
Assistance and Self-Determination Act of 1996: Provided further, That of
the total amount provided under this heading up to [$8,820,000]
$7,920,000 is to support the costs of administrative and judicial
receiverships: [Provided further, That of the total amount provided
under this heading, $7,500,000 shall be for Neighborhood Networks grants
for activities authorized in section 9(d)(1)(E) of the United States
Housing Act of 1937, as amended: Provided further, That notwithstanding
any other provision of law, amounts made available in the previous
proviso shall be awarded to public housing agencies on a competitive
basis: Provided further, That notwithstanding section 9(d)(1)(E) of the
United States Housing Act of 1937, any Neighborhood Networks computer
center established with funding made available under this heading in
this or any other Act, shall be available for use by residents of public
housing and residents of other housing assisted with funding made
available under this title in this Act or any other Act] Provided
further, That of the total amount provided under this heading up to
$15,345,000 shall be to support the ongoing Public Housing Financial and
Physical Assessment activities of the Real Estate Assessment Center
(REAC). (Department of Housing and Urban Development Appropriations Act,
2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0304-0-1-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Capital Grants.................... 2,431 2,346 2,085
00.02 Emergency/Disaster................ 40 17 20
00.03 Technical Assistance.............. 42 11 11
00.04 Working Capital Fund.............. 10 11 15
00.06 Resident Opportunities and
Supportive Services............. 27 38 24
00.10 Neighborhood Networks............. 5 7
00.11 Adminstrative Receivership........ 9 8
00.12 Financial and Physical Assessment
Support......................... 15
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 2,555 2,439 2,178
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 287 322 322
22.00 New budget authority (gross)...... 2,579 2,439 2,178
22.10 Resources available from
recoveries of prior year
obligations..................... 21
22.75 Balance of contract authority
withdrawn....................... -8
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 2,879 2,761 2,500
23.95 Total new obligations............. -2,555 -2,439 -2,178
23.98 Unobligated balance expiring or
withdrawn....................... -2
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 322 322 322
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 2,600 2,464 2,178
40.33 Appropriation permanently
reduced (P.L. 109-148)........ -25
40.35 Appropriation permanently
reduced....................... -21
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 2,579 2,439 2,178
Mandatory:
60.00 Appropriation................... 600 500 500
60.49 Portion applied to liquidate
contract authority............ -600 -500 -500
--------- --------- ----------
62.50 Appropriation (total
mandatory)..................
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 2,579 2,439 2,178
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 9,761 9,142 8,469
73.10 Total new obligations............. 2,555 2,439 2,178
73.20 Total outlays (gross)............. -3,153 -3,112 -2,865
73.45 Recoveries of prior year
obligations..................... -21
--------- --------- ----------
74.40 Obligated balance, end of year.. 9,142 8,469 7,782
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 64 45 56
86.93 Outlays from discretionary
balances........................ 3,089 3,067 2,809
--------- --------- ----------
87.00 Total outlays (gross)........... 3,153 3,112 2,865
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 2,579 2,439 2,178
90.00 Outlays........................... 3,153 3,112 2,865
----------------------------------------------------------------------------
[[Page 534]]
Memorandum (non-add) entries:
93.03 Obligated balance, start of year:
Contract authority.............. 2,748 2,139 1,639
93.04 Obligated balance, end of year:
Contract authority.............. 2,139 1,639 1,139
---------------------------------------------------------------------------
The Public Housing Capital Fund, a formula-driven program based on
estimated need, is designed to respond to the capital and management
improvement requirements of public housing.
Of the nearly $2.2 billion requested for the Public Housing Capital
Fund, approximately $2.1 billion is provided to cover annual accrual
needs. Other uses include $24 million to provide supportive services to
public housing residents under the Resident Opportunities and Supportive
Services (ROSS) program, up to $20 million for emergencies or disasters,
up to $11 million for technical assistance, up to $15 million for the
Working Capital Fund, up to $15 million for public housing financial and
physical assessment support, and up to $8 million for administrative and
judicial receiverships.
Public Housing Operating Fund
For 2006 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(e)),
[$3,600,000,000] $3,564,000,000, of which $9,900,000 in bonus funds
shall be provided to public housing agencies that assist program
participants in moving away from dependency on housing assistance
programs: Provided, That of the total amount provided under this
heading, $5,940,000 shall be for technical assistance related to the
transition and implementation of asset-based management in public
housing: Provided further, That, in fiscal year [2006] 2007 and all
fiscal years hereafter, no amounts under this heading in any
appropriations Act may be used for payments to public housing agencies
for the costs of operation and management of public housing for any year
prior to the current year of such Act: Provided further, 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, as amended. (Department
of Housing and Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0163-0-1-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Operating Subsidy................. 2,422 3,565 3,554
00.02 Voluntary Incentive Bonus......... 10 10
00.03 Department of Justice Anti-Drug... 8
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 2,440 3,565 3,564
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 3 1
22.00 New budget authority (gross)...... 2,437 3,564 3,564
22.10 Resources available from
recoveries of prior year
obligations..................... 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 2,441 3,565 3,564
23.95 Total new obligations............. -2,440 -3,565 -3,564
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 1
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 2,458 3,600 3,564
40.33 Appropriation permanently
reduced (P.L. 109-148)........ -36
40.35 Appropriation permanently
reduced....................... -20
40.36 Unobligated balance permanently
reduced....................... -1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 2,437 3,564 3,564
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 2,007 872 892
73.10 Total new obligations............. 2,440 3,565 3,564
73.20 Total outlays (gross)............. -3,572 -3,545 -3,564
73.40 Adjustments in expired accounts
(net)........................... -2
73.45 Recoveries of prior year
obligations..................... -1
--------- --------- ----------
74.40 Obligated balance, end of year.. 872 892 892
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 1,571 2,673 2,673
86.93 Outlays from discretionary
balances........................ 2,001 872 891
--------- --------- ----------
87.00 Total outlays (gross)........... 3,572 3,545 3,564
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 2,437 3,564 3,564
90.00 Outlays........................... 3,572 3,545 3,564
---------------------------------------------------------------------------
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 following tables display the sources of housing authorities'
expected revenue and expenditures by category. The distribution is based
on historical data reported by housing authorities to HUD on the
Statement of Operating Receipts and Expenditures.
Sources of Housing Authorities' Operating Revenue (in millions of
dollars)
Category Annual income Percent of
total
Operating Subsidies..................... $3,564 53%
Dwelling Rental......................... 2,908 43%
Investment.............................. 66 1%
Other Income............................ 232 3%
------------- --------------
Total, Operating Revenue............. $6,770 100%
------------- --------------
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. AEL is not based on actual cost data from PHAs.
HUD, after consultation with PHAs, has adopted a new operating subsidy
formula based on the previously congressionally sanctioned cost study
conducted by the Harvard Graduate School of Design.
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.
Housing Authorities' Operating Expenditures (in millions of dollars)
Category Annual
expenditures Percent of
total
Utilities............................... $1,481 22%
Administration.......................... 1,905 28%
General Operating Expenses.............. 586 9%
Maintenance............................. 2,443 36%
Tenant Services......................... 166 2%
Protective Services..................... 182 3%
Capital Expenditures.................... 7 0%
Operating Reserve....................... 0 0%
------------- --------------
Total, Operating Expenses/*/......... $6,770 100%
------------- --------------
* Includes Housing Self-Sufficiency Awards.
Utilities.--Includes water, sewer, electricity, gas, and fuel.
[[Page 535]]
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.--Covers 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.
Voluntary Graduation Bonus/Housing Self-Sufficiency Award.--This
proposal provides up to $10 million in bonus funds for public housing
authorities that move program participants away from dependency on
public housing assistance programs within the current regulatory and
statutory constraints.
Asset-Based Management Technical Assistance.--Provides contracting
and consultative services to support PHA's transitioning to project-
based accounting and asset-based management.
Drug Elimination Grants for Low-Income Housing
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0197-0-1-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 18
22.00 New budget authority (gross)...... -21
22.10 Resources available from
recoveries of prior year
obligations..................... 3
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.36 Unobligated balance permanently
reduced....................... -21
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 17 8 2
73.20 Total outlays (gross)............. -6 -6 -2
73.45 Recoveries of prior year
obligations..................... -3
--------- --------- ----------
74.40 Obligated balance, end of year.. 8 2
----------------------------------------------------------------------------
Outlays (gross), detail:
86.93 Outlays from discretionary
balances........................ 6 6 2
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. -21
90.00 Outlays........................... 6 6 2
---------------------------------------------------------------------------
The Public Housing Drug Elimination Grants program was terminated in
the 2002 Budget. The program was found to have limited impact; current
regulatory tools, such as tenant screening and eviction, are effective
in reducing drug-related crime in public housing; and 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. PHAs can
supplement other public housing security efforts using operating funds
if they choose.
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, as amended, $100,000,000, to remain available until September
30, 2007, of which the Secretary may use up to $2,000,000 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.]
Of the unobligated balances remaining from funds appropriated in fiscal
year 2006 under the heading ``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 as amended, $99,000,000 is cancelled.
(Department of Housing and Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0218-0-1-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 165 140
00.02 Technical Assistance.............. 4
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 165 144
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 165 144 99
22.00 New budget authority (gross)...... 143 99 -99
22.10 Resources available from
recoveries of prior year
obligations..................... 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 309 243
23.95 Total new obligations............. -165 -144
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 144 99
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 144 100
40.33 Appropriation permanently
reduced (P.L. 109-148)........ -1
40.35 Appropriation permanently
reduced....................... -1 -99
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 143 99 -99
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 2,669 2,138 1,631
73.10 Total new obligations............. 165 144
73.20 Total outlays (gross)............. -695 -651 -594
73.45 Recoveries of prior year
obligations..................... -1
--------- --------- ----------
74.40 Obligated balance, end of year.. 2,138 1,631 1,037
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... -3
86.93 Outlays from discretionary
balances........................ 695 651 597
--------- --------- ----------
87.00 Total outlays (gross)........... 695 651 594
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 143 99 -99
90.00 Outlays........................... 695 651 594
---------------------------------------------------------------------------
The HOPE VI program has completed its goal of contributing to the
demolition of 100,000 severely distressed public housing units. No
additional funds are requested and the funds remaining at the end of
2006 are proposed for rescission. The program, while completing its
goal, was found to be more costly than other programs and slow to
complete redevelopments. The remaining balance of over $2 billion at the
end of 2005 will spend out over several years as the redevelopment
projects are completed.
Cumulative results of the HOPE VI program as of June 30, 2005
follow: 60,923 households have been relocated,
[[Page 536]]
76,766 units have been demolished, 43,397 units (new and rehabilitated)
have been completed, and 39,931 completed units have been occupied.
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) (25 U.S.C. 4111 et seq.),
[$630,000,000] $625,680,000, to remain available until expended:
Provided, That, notwithstanding the Native American Housing Assistance
and Self-Determination Act of 1996, to determine the amount of the
allocation under title I of such Act for each Indian tribe, the
Secretary shall apply the formula under section 302 of such Act with the
need component based on single-race Census data and with the need
component based on multi-race Census data, and the amount of the
allocation for each Indian tribe shall be the greater of the two
resulting allocation amounts: Provided further, That of the amounts made
available under this heading, [$1,000,000 shall be contracted through
the Secretary as technical assistance and capacity building to be used
by the National American Indian Housing Council in support of the
implementation of NAHASDA; $4,500,000] $3,465,000 shall be to support
the inspection of Indian housing units, contract expertise, training,
and technical assistance in the training, oversight, and management of
such Indian housing and tenant-based assistance, including up to
$300,000 for related travel[; up to $4,000,000 may be used for
emergencies that constitute imminent threats to health and safety,
notwithstanding any other provision of law (including section 305 of
this Act]: Provided further, That of the amount provided under this
heading, [$2,000,000] $1,980,000 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 [$17,926,000] $14,938,825: Provided
further, That for administrative expenses to carry out the guaranteed
loan program, up to [$150,000] $148,500 from amounts in the third
proviso, which shall be transferred to and merged with the appropriation
for ``Salaries and Expenses''. (Department of Housing and Urban
Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0313-0-1-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Indian Housing Block Grants....... 642 613 620
00.02 Title VI Loan Guarantee Subsidy... 1 1 2
00.03 Technical Assistance.............. 7 4 4
00.04 Working Capital Fund.............. 3
00.05 National American Indian Housing
Council......................... 2 1
00.07 Upward reestimate................. 4 2
00.11 Emergencies....................... 4
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 659 625 626
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 114 61 62
22.00 New budget authority (gross)...... 605 626 626
22.10 Resources available from
recoveries of prior year
obligations..................... 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 720 687 688
23.95 Total new obligations............. -659 -625 -626
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 61 62 62
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 627 630 626
40.33 Appropriation permanently
reduced (P.L. 109-148)........ -6
40.35 Appropriation permanently
reduced....................... -5
40.36 Unobligated balance permanently
reduced....................... -21
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 601 624 626
Mandatory:
60.00 Appropriation................... 4 2
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 605 626 626
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 939 909 816
73.10 Total new obligations............. 659 625 626
73.20 Total outlays (gross)............. -688 -718 -702
73.45 Recoveries of prior year
obligations..................... -1
--------- --------- ----------
74.40 Obligated balance, end of year.. 909 816 740
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 182 109 109
86.93 Outlays from discretionary
balances........................ 502 607 593
86.97 Outlays from new mandatory
authority....................... 4 2
--------- --------- ----------
87.00 Total outlays (gross)........... 688 718 702
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 605 626 626
90.00 Outlays........................... 688 718 702
---------------------------------------------------------------------------
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0313-0-1-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
215001Title VI.......................... 4 10 15
--------- --------- ----------
215901Total loan guarantee levels....... 4 10 15
Guaranteed loan subsidy (in percent):
232001Title VI.......................... 10.32 12.26 11.99
--------- --------- ----------
232901Weighted average subsidy rate..... 10.32 12.26 11.99
Guaranteed loan subsidy budget authority:
233001Title VI.......................... 1 1 2
--------- --------- ----------
233901Total subsidy budget authority.... 1 1 2
Guaranteed loan subsidy outlays:
234001Title VI.......................... 1 1 2
--------- --------- ----------
234901Total subsidy outlays............. 1 1 2
Guaranteed loan upward reestimate subsidy
budget authority:
235001Title VI.......................... 4 1
--------- --------- ----------
235901Total upward reestimate budget
authority....................... 4 1
----------------------------------------------------------------------------
Administrative expense data:
351001Budget authority..................
358001Outlays from balances.............
359001Outlays from new authority........
---------------------------------------------------------------------------
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.
The Native American Housing Block Grant program includes a
guaranteed loan provision (Title VI). A guarantee level of $14.9 million
is proposed for this loan guarantee program for 2007. 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 be
[[Page 537]]
yond (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.
Native Hawaiian Housing Block Grant
For the Native Hawaiian Housing Block Grant program, as authorized
under title VIII of the Native American Housing Assistance and Self-
Determination Act of 1996 (25 U.S.C. 4111 et seq.), [$8,815,000]
$5,940,000, to remain available until expended[, of which $352,606 shall
be for training and technical assistance activities] of which $299,211
shall be for training and technical activities, including up to $100,000
for related travel. (Department of Housing and Urban Development
Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0235-0-1-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Native Hawaiian Housing Block
Grant........................... 9 6
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 9 6
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 9 6
23.95 Total new obligations............. -9 -6
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 9 6
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 8
73.10 Total new obligations............. 9 6
73.20 Total outlays (gross)............. -1 -3
--------- --------- ----------
74.40 Obligated balance, end of year.. 8 11
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 1 1
86.93 Outlays from discretionary
balances........................ 2
--------- --------- ----------
87.00 Total outlays (gross)........... 1 3
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 9 6
90.00 Outlays........................... 1 3
---------------------------------------------------------------------------
The Hawaiian Homelands Homeownership Act of 2000 (P.L. 106-568)
amended the Native American Housing Assistance and Self-Determination
Act of 1996 by adding Title VIII, which authorized the Native Hawaiian
Housing Block Grant program. This program provides an allocation of
funds to assist and promote affordable housing activities to develop,
maintain and operate affordable housing for eligible low-income Native
Hawaiian families.
It authorizes annual grants to the Department of Hawaiian Home Lands
(DHHL) for housing and housing-related assistance, pursuant to an annual
housing plan, within the area in which DHHL is authorized to provide
that assistance. DHHL uses performance measures and benchmarks that are
based on the needs and priorities established in its five- and one-year
housing plans.
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 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Reimbursable program: Capital
investment loans to PHAs........ 3 3 3
--------- --------- ----------
10.00 Total new obligations (object
class 33.0)................... 3 3 3
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 20 20
22.00 New budget authority (gross)...... 103 98 103
22.60 Portion applied to repay debt..... -83 -88 -93
22.60 Portion applied to repay debt
(FFB)........................... -17 -27 -7
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 23 3 3
23.95 Total new obligations............. -3 -3 -3
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 20
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
67.10 Authority to borrow............. 20 10 10
Mandatory:
69.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 83 88 93
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 103 98 103
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 440 370 275
73.10 Total new obligations............. 3 3 3
73.20 Total outlays (gross)............. -73 -98 -103
--------- --------- ----------
74.40 Obligated balance, end of year.. 370 275 175
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 63 98 103
86.98 Outlays from mandatory balances... 10
--------- --------- ----------
87.00 Total outlays (gross)........... 73 98 103
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -83 -88 -93
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 20 10 10
90.00 Outlays........................... -10 10 10
---------------------------------------------------------------------------
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4098-0-3-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 1,056 973 885
1251 Repayments: Repayments and
prepayments..................... -83 -88 -93
--------- --------- ----------
1290 Outstanding, end of year........ 973 885 792
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4098-0-3-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 1,649 1,390 1,123
2251 Repayments and prepayments........ -259 -267 -267
--------- --------- ----------
2290 Outstanding, end of year........ 1,390 1,123 856
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 1,390 1,123 856
---------------------------------------------------------------------------
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 by borrowing from the Treasury. Under legislation enacted during
1986 (Public Law 99-272), amounts borrowed 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, $20 million
borrowed from the Treasury was forgiven in 2005, $10 million will be
borrowed from the Treasury and forgiven in 2006, and an estimated $10
million will be borrowed from the Treasury and forgiven in 2007.
[[Page 538]]
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 net operating income for 2004 and
2005 follows:
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 86-4098-0-3-604
2004 actual
2005 actual
-----------------------------------------------------------------------------------------------
ASSETS:
1101
Federal assets: Fund balances with Treasury
460
389
Net value of assets related to
pre-1992 direct loans
receivable and acquired
defaulted guaranteed loans
receivable:
1601
Direct loans, gross
1,056
973
1602
Interest receivable
65
59
1604
Direct loans and interest receivable, net
1,121
1,032
1699
Value of assets related to direct loans
1,121
1,032
1999
Total assets
1,581
1,421
LIABILITIES:
Federal liabilities:
2102
Interest payable
128
118
2104
Resources payable to Treasury
1,055
972
2999
Total liabilities
1,183
1,090
NET POSITION:
3100
Appropriated capital
404
338
3300
Cumulative results of operations
-6
-7
3999
Total net position
398
331
4999
Total liabilities and net position
1,581
1,421
-----------------------------------------------------------------------------------------------
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 (12 U.S.C. 1715z-13a),
[$4,000,000] $5,940,000, 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 [$116,276,000] $251,000,000, to remain available until committed.
In addition, for administrative expenses to carry out the guaranteed
loan program, up to $247,500 from amounts in the first paragraph which
shall be transferred to and merged with the appropriation for ``Salaries
and Expenses''. (Department of Housing and Urban Development
Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0223-0-1-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.02 Guaranteed loan subsidy........... 4 2 6
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 4 2 6
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 36 4 6
22.00 New budget authority (gross)...... -28 4 6
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 8 8 12
23.95 Total new obligations............. -4 -2 -6
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 4 6 6
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 5 4 6
40.36 Unobligated balance permanently
reduced....................... -33
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. -28 4 6
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 1 3 3
73.10 Total new obligations............. 4 2 6
73.20 Total outlays (gross)............. -2 -2 -7
--------- --------- ----------
74.40 Obligated balance, end of year.. 3 3 2
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 2 1 1
86.93 Outlays from discretionary
balances........................ 1 6
--------- --------- ----------
87.00 Total outlays (gross)........... 2 2 7
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. -28 4 6
90.00 Outlays........................... 2 2 7
---------------------------------------------------------------------------
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0223-0-1-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
215001Indian Housing Loan Guarantee..... 103 116 251
--------- --------- ----------
215901Total loan guarantee levels....... 103 116 251
Guaranteed loan subsidy (in percent):
232001Indian Housing Loan Guarantee..... 2.58 2.42 2.35
--------- --------- ----------
232901Weighted average subsidy rate..... 2.58 2.42 2.35
Guaranteed loan subsidy budget authority:
233001Indian Housing Loan Guarantee..... 3 2 6
--------- --------- ----------
233901Total subsidy budget authority.... 3 2 6
Guaranteed loan subsidy outlays:
234001Indian Housing Loan Guarantee..... 2 2 2
--------- --------- ----------
234901Total subsidy outlays............. 2 2 2
Guaranteed loan downward reestimate subsidy
budget authority:
237001Downward reestimate subsidy budget
authority....................... -4 -1
--------- --------- ----------
237901Total downward reestimate subsidy
budget authority................ -4 -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
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 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Default Claims.................... 1
00.02 Loan Guarantee Subsidy............ 4 5
--------- --------- ----------
00.91 Direct Program by Activities.... 4 6
08.02 Downward Re-estimate.............. 3 1
08.04 Downward Re-estimate Interest..... 1
--------- --------- ----------
08.91 Direct Program by Activities.... 4 1
--------- --------- ----------
10.00 Total new obligations........... 4 5 6
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 9 10 7
[[Page 539]]
22.00 New financing authority (gross)... 5 2 2
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 14 12 9
23.95 Total new obligations............. -4 -5 -6
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 10 7 3
----------------------------------------------------------------------------
New financing authority (gross), detail:
Spending authority from offsetting
collections:
Discretionary:
68.00 Federal sources............... 3 2 2
68.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... 2
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)..... 5 2 2
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. -1 -3 2
73.10 Total new obligations............. 4 5 6
73.20 Total financing disbursements
(gross)......................... -4
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -2
--------- --------- ----------
74.40 Obligated balance, end of year.. -3 2 8
87.00 Total financing disbursements
(gross)......................... 4
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Federal sources: Payments from
program account............. -2 -2 -2
88.40 Non-Federal sources........... -1
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -3 -2 -2
Against gross financing authority only:
88.95 Change in receivables from
program accounts.............. -2
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... 1 -2 -2
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4104-0-3-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2111 Limitation on guaranteed loans
made by private lenders......... 145 99 104
2121 Limitation available from carry-
forward......................... 750 169 152
2142 Uncommitted loan guarantee
limitation...................... -623
2143 Uncommitted limitation carried
forward......................... -169 -152 -5
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 103 116 251
2199 Guaranteed amount of guaranteed
loan commitments................ 103 116 251
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 126 192 200
2231 Disbursements of new guaranteed
loans........................... 76 26 26
2251 Repayments and prepayments........ -10 -14 -14
2263 Adjustments: Terminations for
default that result in claim
payments........................ -4 -4
--------- --------- ----------
2290 Outstanding, end of year........ 192 200 208
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 192 143 143
---------------------------------------------------------------------------
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
2004 actual
2005 actual
-----------------------------------------------------------------------------------------------
ASSETS:
1101
Federal assets: Fund balances with Treasury
8
7
1999
Total assets
8
7
LIABILITIES:
2204
Non-Federal liabilities: Liabilities for loan guarantees
8
7
2999
Total liabilities
8
7
4999
Total liabilities and net position
8
7
-----------------------------------------------------------------------------------------------
Native Hawaiian Housing Loan Guarantee Fund Program Account
(including transfer of funds)
For the cost of guaranteed loans, as authorized by section 184A of
the Housing and Community Development Act of 1992 (12 U.S.C. 1715z-13b),
[$900,000] $1,010,000, 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 [$35,714,290] $43,000,000, to remain available until committed.
In addition, for administrative expenses to carry out the guaranteed
loan program, up to [$35,000] $34,650 from amounts in the first
paragraph which shall be transferred to and merged with the
appropriation for ``Salaries and Expenses''. (Department of Housing and
Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0233-0-1-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.02 Guaranteed loan subsidy........... 1 1
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 1 1
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 3 4 4
22.00 New budget authority (gross)...... 1 1 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 4 5 5
23.95 Total new obligations............. -1 -1
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 4 4 4
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 1 1 1
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 1 1
73.20 Total outlays (gross)............. -1 -1
----------------------------------------------------------------------------
Outlays (gross), detail:
86.93 Outlays from discretionary
balances........................ 1 1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 1 1 1
90.00 Outlays........................... 1 1
---------------------------------------------------------------------------
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0233-0-1-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
215001Native Hawaiian Housing........... 2 36 43
--------- --------- ----------
215901Total loan guarantee levels....... 2 36 43
Guaranteed loan subsidy (in percent):
232001Native Hawaiian Housing........... 2.58 2.42 2.35
--------- --------- ----------
232901Weighted average subsidy rate..... 0.00 0.00 0.00
Guaranteed loan subsidy budget authority:
233001Native Hawaiian Housing........... 1 1
--------- --------- ----------
[[Page 540]]
233901Total subsidy budget authority.... 1 1
Guaranteed loan subsidy outlays:
234001Native Hawaiian Housing........... 1 1
--------- --------- ----------
234901Total subsidy outlays............. 1 1
----------------------------------------------------------------------------
Administrative expense data:
351001Budget authority..................
358001Outlays from balances.............
359001Outlays from new authority........
---------------------------------------------------------------------------
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 2001 and beyond (including modifications of
guarantees that resulted from obligations in any year). The subsidy
amounts are estimated on a net present value. The administrative
expenses are shown on a cash basis.
This program provides access to sources of private financing to
eligible Native Hawaiian families who reside on the Hawaiian Home Lands
and who otherwise could not acquire private financing because of the
unique legal status of the Hawaiian Home Lands.
Native Hawaiian Housing Loan Guarantee Fund Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4351-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.02 Direct Program Activity........... 1
--------- --------- ----------
10.00 Total new obligations........... 1
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1
22.00 New financing authority (gross)... 1 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1 2
23.95 Total new obligations............. -1
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 1 1
----------------------------------------------------------------------------
New financing authority (gross), detail:
Discretionary:
68.00 Spending authority from
offsetting collections
(gross): Federal sources...... 1 1
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 1
--------- --------- ----------
74.40 Obligated balance, end of year.. 1
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
88.00 Offsetting collections (cash)
from: Federal sources:
Payments from program account. -1 -1
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -1 -1
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4351-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2111 Limitation on guaranteed loans
made by private lenders......... 37 35 35
2121 Limitation available from carry-
forward......................... 120 155 154
2143 Uncommitted limitation carried
forward......................... -155 -154 -146
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 2 36 43
2199 Guaranteed amount of guaranteed
loan commitments................ 2 36 43
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 2 1
2231 Disbursements of new guaranteed
loans........................... 2 1
2251 Repayments and prepayments........ -1 -1
--------- --------- ----------
2290 Outstanding, end of year........ 2 1 1
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 2 1 1
---------------------------------------------------------------------------
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 2001 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.
Title VI Indian Federal Guarantees Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4244-0-3-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Default Claims.................... 1 2
08.02 Downward Reestimate............... 2
--------- --------- ----------
10.00 Total new obligations........... 3 2
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 10 15 15
22.00 New financing authority (gross)... 5 3 2
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 15 18 17
23.95 Total new obligations............. -3 -2
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 15 15 15
----------------------------------------------------------------------------
New financing authority (gross), detail:
Mandatory:
69.00 Spending authority from
offsetting collections
(gross): Offsetting
collections (cash)............ 5 3 2
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 3
73.10 Total new obligations............. 3 2
--------- --------- ----------
74.40 Obligated balance, end of year.. 3 5
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Federal sources............... -1 -2
88.00 Upward Reestimate............. -5 -2
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -5 -3 -2
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -5 -3 -2
---------------------------------------------------------------------------
[[Page 541]]
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4244-0-3-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2111 Limitation on guaranteed loans
made by private lenders......... 18 18 15
2121 Limitation available from carry-
forward......................... 382 30 8
2142 Uncommitted loan guarantee
limitation...................... -366 -30
2143 Uncommitted limitation carried
forward......................... -30 -8 -8
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 4 10 15
2199 Guaranteed amount of guaranteed
loan commitments................ 4 2 2
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 77 80 84
2231 Disbursements of new guaranteed
loans........................... 4 10 15
2251 Repayments and prepayments........ -1 -5 -5
2263 Adjustments: Terminations for
default that result in claim
payments........................ -1 -2
--------- --------- ----------
2290 Outstanding, end of year........ 80 84 92
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 80 84 92
---------------------------------------------------------------------------
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 86-4244-0-3-604
2004 actual
2005 actual
-----------------------------------------------------------------------------------------------
ASSETS:
1101
Federal assets: Fund balances with Treasury
10
15
1999
Total assets
10
15
LIABILITIES:
2204
Non-Federal liabilities: Liabilities for loan guarantees
10
15
2999
Total liabilities
10
15
4999
Total liabilities and net position
10
15
-----------------------------------------------------------------------------------------------
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 et seq.), [$289,000,000] $300,100,000, to remain available until
September 30, [2007] 2008, except that amounts allocated pursuant to
section 854(c)(3) of such Act shall remain available until September 30,
[2008] 2009: Provided, That the Secretary shall renew all expiring
contracts for permanent supportive housing 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 [$1,500,000]
$1,485,000 of the funds under this heading for training, oversight, and
technical assistance activities and $1,485,000 shall be transferred to
the Working Capital Fund. (Department of Housing and Urban Development
Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0308-0-1-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Housing for Persons with HIV/AIDS. 286 309 300
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 286 309 300
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 103 100 77
22.00 New budget authority (gross)...... 282 286 300
22.10 Resources available from
recoveries of prior year
obligations..................... 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 386 386 377
23.95 Total new obligations............. -286 -309 -300
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 100 77 77
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 284 289 300
40.33 Appropriation permanently
reduced (P.L. 109-148)........ -3
40.35 Appropriation permanently
reduced....................... -2
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 282 286 300
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 463 468 493
73.10 Total new obligations............. 286 309 300
73.20 Total outlays (gross)............. -280 -284 -289
73.45 Recoveries of prior year
obligations..................... -1
--------- --------- ----------
74.40 Obligated balance, end of year.. 468 493 504
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 1 11 12
86.93 Outlays from discretionary
balances........................ 279 273 277
--------- --------- ----------
87.00 Total outlays (gross)........... 280 284 289
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 282 286 300
90.00 Outlays........................... 280 284 289
---------------------------------------------------------------------------
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 $1.5 million is used for technical assistance to grantees and
project sponsors to strengthen management of programs and ensure
responsiveness in meeting client needs. States and metropolitan areas
receive 90 percent of the remaining funds by formula based on the number
of cases of AIDS and, for metropolitan areas, the incidence of AIDS in
that area. The final 10 percent is awarded competitively to States,
local governments, and private nonprofit entities, including faith-based
organizations, for projects of national significance with priority for
renewal of the projects providing permanent supportive housing. Awards
are also made to States and local governments for projects in
jurisdictions which do not qualify for a formula allocation. A
legislative proposal to amend the HOPWA authorization language will be
submitted allowing HUD the opportunity to update the current program
formula. Whereas the current formula distributes formula grant resources
by the cumulative number of AIDS cases, the revised formula will account
for the present number of people living with AIDS as well as the need
for housing in that jurisdiction. The requested funding for 2007 will
support approximately 75,000 housing units for persons with HIV/AIDS and
their families.
Community Development Fund
(including transfers of funds)
(including recission)
For assistance to units of State and local government, and to other
entities, for economic and community development activities, and for
other purposes, [$4,220,000,000] $3,032,000,000, to remain available
until September 30, [2008] 2009, unless otherwise specified: Provided,
That of the amount provided, [$3,748,400,000] $2,974,580,000 is for
carrying out the community development block grant program under title I
of the Housing and Community Development Act of
[[Page 542]]
1974, as amended (the ``Act'' herein) (42 U.S.C. 5301 et seq.): Provided
further, That unless explicitly provided for under this heading (except
for planning grants provided in the second paragraph and amounts made
available under the third paragraph), not to exceed 20 percent of any
grant made with funds appropriated under this heading shall be expended
for planning and management development and administration: [Provided
further, That $1,600,000 shall be transferred to the Working Capital
Fund:] Provided further, That [$60,000,000] $57,420,000 shall be for
grants to federally-recognized Indian tribes notwithstanding section
106(a)(1) of such Act, of which, notwithstanding any other provision of
law (including section 305 of this Act), up to [$4,000,000] $3,960,000
may be used for emergencies that constitute imminent threats to health
and safety[; $50,000,000 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
eight percent of any grant award under the YouthBuild program may be
used for administrative costs: Provided further, That of the amount made
available for YouthBuild not less than $4,000,000 is for grants to
establish YouthBuild programs in underserved and rural areas and
$1,000,000 is to be 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 amount made available under this heading, $310,000,000 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 Act: Provided, That none of the funds provided under
this paragraph may be used for program operations: Provided further,
That, for fiscal years 2004, 2005 and 2006, no unobligated funds for EDI
grants may be used for any purpose except acquisition, planning, design,
purchase of equipment, revitalization, redevelopment or construction.]
[Of the amount made available under this heading, $50,000,000 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 amounts made available under this paragraph shall be provided in
accordance with the terms and conditions specified in the statement of
managers accompanying this Act.]
Of the unobligated balances remaining from funds appropriated in
fiscal year 2006 under the heading, ``Community Development Fund,'' for
grants for the Economic Development Initiative (EDI), $306,900,000 is
cancelled.
Of the unobligated balances remaining from funds appropriated in
fiscal year 2006 under the heading, ``Community Development Fund,'' for
grants for neighborhood initiatives, $49,500,000 is cancelled.
[The referenced statement of the managers under the heading
``Community Development Fund'' in title II of division G of Public Law
108-199 is deemed to be amended with respect to item number 181 striking
``Volusia County'' and inserting ``Lively Arts Center in Volusia
County''.]
[The referenced statement of the managers under the heading
``Community Development Fund'' in title II of division G of Public Law
108-199 is deemed to be amended with respect to item number 216 by
striking ``for construction'' and inserting ``for planning, design, and
engineering''.]
[The referenced statement of the managers under this heading in
Public Law 108-447 is deemed to be amended with respect to item number
369 by striking ``for the construction of HomeAid America temporary
homeless shelters in Costa Mesa, California'' and inserting ``for the
construction of shelters for the temporarily homeless in New York City,
New York''.]
[The referenced statement of the managers under this heading in
Public Law 108-447 is deemed to be amended with respect to item number
502 by striking ``for acquisition of'' and inserting ``for renovations
of''.]
[The referenced statement of the managers under this heading in
Public Law 108-447 is deemed to be amended with respect to item number
405 by striking ``Willington Senior Center'' and inserting ``buildings
and facilities associated with the Willington Senior Housing Center''.]
[The referenced statement of the managers under this heading in
Public Law 108-447 is deemed to be amended with respect to item number
674 by striking ``City of Big Island, Virginia for the Sedalia Center
restoration'' and inserting ``to restore the Sedalia Center in Bedford
County, Virginia''.]
[The referenced statement of the managers under this heading in
Public Law 108-447 is deemed to be amended with respect to item number
469 by striking ``to the City of Havana, Illinois'' and inserting
``Havana, Illinois, Rural Fire District''.]
[The referenced statement of the managers under this heading in
Public Law 108-447 is deemed to be amended with respect to item number
554 by striking ``$250,000 to the Town of Monroe, New York for
construction of the Monroe Free Library'' and inserting ``$150,000 for
the Town of Lewisboro, New York for infrastructure improvements for the
Onatru Farm Community Center and $100,000 for the Town of Poughkeepsie,
New York for streetscape and related improvements in the Arlington
Business District''.]
[The referenced statement of the managers under this heading in
Public Law 108-447 is deemed to be amended with respect to item number
445 by striking ``City of St. Petersburg, Florida'' and inserting
``Catholic Charities, Diocese of St. Petersburg, Florida''.]
[The referenced statement of the managers under this heading in
Public Law 108-199 is deemed to be amended with respect to item number
103 for the Mission Preservation Foundation in San Juan Capistrano,
California by striking ``for the Great Stone Church restoration
project'' and inserting ``to construct and install environment controls
and security measures''.]
[The referenced statement of the managers under this heading in
division A of the Emergency Appropriations Act for Defense, Global War
on Terror, and Tsunami Relief, 2005 (Public Law 109-13) is amended--
(1) in section 6070 (119 Stat. 299), by striking paragraph (1);
and
(2) in section 6071 (119 Stat. 299), by striking paragraph (1).
The referenced statement of the managers under the heading
``Community Development Fund'' in title II of division I of Public Law
108-447 is deemed to be amended with respect to item number 83 by
striking ``construction'' and inserting ``planning, design, engineering,
and construction''.]
[The referenced statement of the managers under the heading
``Community Development Fund'' in title II of division G of Public Law
108-199 is deemed to be amended with respect to item number 216 by
striking ``for construction'' and inserting ``for planning, design, and
engineering''.]
[The referenced statement of the managers under the heading
``Community Development Fund'' in title II of division I of Public Law
108-447 is deemed to be amended with respect to item 9 by striking ``for
costs associated with the construction'' and inserting ``to be used for
the planning and design''.]
[The referenced statement of the managers under the heading
``Community Development Fund'' in title II of division I of Public Law
108-447 is deemed to be amended with respect to item 260 by adding
before the period ``including $120,000 for property renovation at 754
Broad Street for the Family Center emergency shelter for families and
children''.]
[The referenced statement of the managers accompanying Public Law
106-74 is deemed to be amended by inserting on page 113 ``, of which
$47,500 may be used for physical improvements at the South Providence
Development Corporation business incubator facility or CleanScape,
including associated project management costs'' after ``$100,000 for the
South Providence Development Corporation in Providence, Rhode Island for
a child care facility''.]
[The referenced statement of the managers under the heading
``Community Development Fund'' in title II of division I of Public Law
108-447 is deemed to be amended with respect to item number 30 by
striking ``City of San Francisco'' and inserting ``San Francisco Museum
and Historical Society''.]
[The referenced statement of the managers under the heading
``Community Development Fund'' in title II of division G of Public Law
108-199 is deemed to be amended with respect to item number
[[Page 543]]
122 by striking ``City of San Francisco'' and inserting ``San Francisco
Museum and Historical Society''.]
[The referenced statement of the managers under this heading in
Public Law 108-199 is deemed to be amended with respect to item number
855 by striking ``the Skagit County Children's Museum in Mount Vernon,
Washington for facilities improvements and renovation'' and inserting
``the Children's Museum of Skagit County in Mount Vernon, Washington to
purchase and renovate a building''.]
[The referenced statement of the managers under this heading in
Public Law 108-447 is deemed to be amended with respect to item number
1027 by striking ``planning and design'' and inserting ``planning,
design, construction and buildout''.]
[The referenced statement of the managers under this heading in
Public Law 108-447 is deemed to be amended with respect to item number
946 by striking ``capital'' and inserting ``planning, design,
engineering, and construction''.]
[The referenced statement of the managers under this heading in
Public Law 108-447 is deemed to be amended with respect to item number
731 by striking ``rehabilitation and buildout'' and inserting
``planning, evaluation, design, engineering and construction''.]
(Department of Housing and Urban Development Appropriations Act, 2006.)
[For an additional amount for the ``Community development fund'',
for necessary expenses related to disaster relief, long-term recovery,
and restoration of infrastructure in the most impacted and distressed
areas related to the consequences of hurricanes in the Gulf of Mexico in
2005 in States for which the President declared a major disaster under
title IV of the Robert T. Stafford Disaster Relief and Emergency
Assistance Act (42 U.S.C. 5121 et seq.) in conjunction with Hurricane
Katrina, Rita, or Wilma, $11,500,000,000, to remain available until
expended, for activities authorized under title I of the Housing and
Community Development Act of 1974 (Public Law 93-383): Provided, That no
State shall receive more than 54 percent of the amount provided under
this heading: Provided further, That funds provided under this heading
shall be administered through an entity or entities designated by the
Governor of each State: Provided further, That such funds may not be
used for activities reimbursable by or for which funds are made
available by the Federal Emergency Management Agency or the Army Corps
of Engineers: Provided further, That funds allocated under this heading
shall not adversely affect the amount of any formula assistance received
by a State under this heading: Provided further, That each State may use
up to five percent of its allocation for administrative costs: Provided
further, That Louisiana and Mississippi may each use up to $20,000,000
(with up to $400,000 each for technical assistance) from funds made
available under this heading for LISC and the Enterprise Foundation for
activities authorized by section 4 of the HUD Demonstration Act of 1993
(42 U.S.C. 9816 note), as in effect immediately before June 12, 1997,
and for activities authorized under section 11 of the Housing
Opportunity Program Extension Act of 1996, including demolition, site
clearance and remediation, and program administration: Provided further,
That in administering the funds under this heading, the Secretary of
Housing and Urban Development shall waive, or specify alternative
requirements for, any provision of any statute or regulation that the
Secretary administers in connection with the obligation by the Secretary
or the use by the recipient of these funds or guarantees (except for
requirements related to fair housing, nondiscrimination, labor
standards, and the environment), upon a request by the State that such
waiver is required to facilitate the use of such funds or guarantees,
and a finding by the Secretary that such waiver would not be
inconsistent with the overall purpose of the statute, as modified:
Provided further, That the Secretary may waive the requirement that
activities benefit persons of low and moderate income, except that at
least 50 percent of the funds made available under this heading must
benefit primarily persons of low and moderate income unless the
Secretary otherwise makes a finding of compelling need: Provided
further, That the Secretary shall publish in the Federal Register any
waiver of any statute or regulation that the Secretary administers
pursuant to title I of the Housing and Community Development Act of 1974
no later than 5 days before the effective date of such waiver: Provided
further, That every waiver made by the Secretary must be reconsidered
according to the three previous provisos on the two-year anniversary of
the day the Secretary published the waiver in the Federal Register:
Provided further, That prior to the obligation of funds each State shall
submit a plan to the Secretary detailing the proposed use of all funds,
including criteria for eligibility and how the use of these funds will
address long-term recovery and restoration of infrastructure: Provided
further, That each State will report quarterly to the Committees on
Appropriations on all awards and uses of funds made available under this
heading, including specifically identifying all awards of sole-source
contracts and the rationale for making the award on a sole-source basis:
Provided further, That the Secretary shall notify the Committees on
Appropriations on any proposed allocation of any funds and any related
waivers made pursuant to these provisions under this heading no later
than 5 days before such waiver is made: Provided further, That the
Secretary shall establish procedures to prevent recipients from
receiving any duplication of benefits and report quarterly to the
Committees on Appropriations with regard to all steps taken to prevent
fraud and abuse of funds made available under this heading including
duplication of benefits: Provided further, That the amounts provided
under this heading are designated as an emergency requirement pursuant
to section 402 of H. Con. Res. 95 (109th Congress), the concurrent
resolution on the budget for fiscal year 2006.] (Emergency Supplemental
Appropriations Act to Address Hurricanes in the Gulf of Mexico and
Pandemic Influenza, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0162-0-1-451 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Community Development Formula
Grants.......................... 4,227 3,594 2,769
00.02 Working Capital Fund.............. 3 2
00.03 Housing Assistance Council........ 3
00.04 Indian Tribes..................... 71 132 57
00.05 Special Purpose Grants............ 40 43
00.06 Youthbuild........................ 64 64 50
00.07 Self Help Homeownership
Opportunity Program............. 27 25
00.08 Capacity Building................. 69
00.09 Economic Development Initiative
Grants.......................... 290 298
00.10 Neighborhood Initiative
Demonstration................... 21 39
00.11 National American Indian Housing
Council......................... 2
00.12 National Housing Development
Corporation..................... 10
00.13 National Council of La Raza....... 5 5
00.14 Disaster Assistance............... 132 11,520
00.15 Native Hawaiian Block Grants...... 9 9
00.16 Special Olympics.................. 2
00.17 Hudson River Park Trust Grant..... 31
00.18 Gilman Institute Grant............ 1
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 4,976 15,762 2,876
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1,305 1,181 1,100
22.00 New budget authority (gross)...... 4,852 15,678 2,676
22.10 Resources available from
recoveries of prior year
obligations..................... 1
22.22 Unobligated balance transferred
from other accounts............. 2 3
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 6,160 16,862 3,776
23.95 Total new obligations............. -4,976 -15,762 -2,876
23.98 Unobligated balance expiring or
withdrawn....................... -3
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 1,181 1,100 900
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 4,891 15,720 3,032
40.33 Appropriation permanently
reduced (P.L. 109-148)........ -42
40.35 Appropriation permanently
reduced....................... -38
40.36 Unobligated balance permanently
reduced....................... -356
41.00 Transferred to other accounts... -1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 4,852 15,678 2,676
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 10,694 10,659 19,515
73.10 Total new obligations............. 4,976 15,762 2,876
73.20 Total outlays (gross)............. -4,987 -6,906 -6,787
73.40 Adjustments in expired accounts
(net)........................... -23
73.45 Recoveries of prior year
obligations..................... -1
--------- --------- ----------
74.40 Obligated balance, end of year.. 10,659 19,515 15,604
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 68 2,005 54
86.93 Outlays from discretionary
balances........................ 4,919 4,901 6,733
--------- --------- ----------
87.00 Total outlays (gross)........... 4,987 6,906 6,787
----------------------------------------------------------------------------
[[Page 544]]
Offsets:
Against gross budget authority and outlays:
88.40 Offsetting collections (cash)
from: Non-Federal sources..... -2
Against gross budget authority only:
88.96 Portion of offsetting
collections (cash) credited to
expired accounts.............. 2
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 4,852 15,678 2,676
90.00 Outlays........................... 4,984 6,906 6,787
---------------------------------------------------------------------------
To implement the goals of the Strengthening America's Communities
Initiative (SACI), the Department of Housing and Urban Development will
work in partnership with the Department of Commerce and other agencies
to establish and apply a common set of performance goals and measures
for all Federal community and economic development programs. The
programs will focus on clear goals and expected results, designed to
achieve stronger performance, and targeted to communities unable to meet
their own needs.
In HUD, this initiative proposes to consolidate and reform the
Community Development Block Grant (CDBG) program and other set-asides
within the Community Development Fund and Self-Help Homeownership
Opportunity Program. The new program would be designed with a bonus fund
component, a new allocation formula to better target funds to needs, and
other reforms to achieve greater results and focus on communities most
in need of assistance, as noted in the PART analysis. Legislation to
authorize these reforms will be transmitted early in 2006.
Some of the set-asides formerly funded under the Community
Development Fund will continue to be funded separately. The Self-Help
Homeownership Opportunity Program (SHOP) is proposed for funding at $40
million as a separate program. The Native Hawaiian Housing Block Grant
program is proposed for funding at $6 million as a separate program
within Public and Indian Housing. The budget also proposes $29 million
within the Research and Technology Account for University Programs that
have been and will continue to be administered by the Office of Policy
Development and Research. The Indian Community Development Block Grant
program will continue to be funded in this account at $57 million.
The 2007 Budget also proposes to transfer the Youthbuild program
from HUD to the Department of Labor, as recommended by the White House
Task Force on Disadvantaged Youth, to allow for greater coordination of
the program with Job Corps and other employment and training programs.
The 2007 Budget includes $50 million in funding for this program.
Youthbuild provides grants to local organizations to provide education
and training to disadvantaged youth age 16-24. In addition to
participating in classroom training, youth learn construction skills by
helping to build affordable housing.
Empowerment Zones/Enterprise Communities/Renewal Communities
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0315-0-1-451 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Develop urban sites............... 10
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 10
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 10
23.95 Total new obligations............. -10
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 10
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 171 133 88
73.10 Total new obligations............. 10
73.20 Total outlays (gross)............. -48 -45 -43
--------- --------- ----------
74.40 Obligated balance, end of year.. 133 88 45
----------------------------------------------------------------------------
Outlays (gross), detail:
86.93 Outlays from discretionary
balances........................ 48 45 43
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 10
90.00 Outlays........................... 48 45 43
---------------------------------------------------------------------------
To implement the goals of the Strengthening America's Communities
Initiative (SACI), the Department of Housing and Urban Development will
work in partnership with the Department of Commerce and other agencies
to establish and apply a common set of performance goals and measures
for all Federal community and economic development programs. In HUD,
this initiative consolidates a number of duplicative programs into a
reformed Community Development Block Grant program focused on clear
goals and expected results, designed to achieve stronger performance,
and targeted to communities unable to meet their own needs.
The Empowerment Zone/Enterprise Communities/Renewal Communities
initiative helps revitalize distressed neighborhoods by attracting
business development and providing employment opportunities to residents
of high poverty urban areas. Program principles include a strategic
vision for change, a community based partnership, providing economic
opportunity and sustainable community development.
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 and 40 competitively selected Renewal Communities
administered by HUD.
Brownfields Redevelopment
[(including rescission of funds)]
[For competitive economic development grants, as authorized by
section 108(q) of the Housing and Community Development Act of 1974, as
amended, for Brownfields redevelopment projects, $10,000,000, to remain
available until September 30, 2007: Provided, That $10,000,000 shall be
rescinded from unobligated balances from prior years appropriations
under this heading and, to the extent there are insufficient balances,
any additional rescission amounts shall be rescinded from funds
appropriated under this heading for fiscal year 2006.] (Department of
Housing and Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0314-0-1-451 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Cleanup and develop contaminated
sites........................... 25 24
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 25 24
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 25 24
22.00 New budget authority (gross)...... 24
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 49 24
23.95 Total new obligations............. -25 -24
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 24
----------------------------------------------------------------------------
[[Page 545]]
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 24 10
40.36 Unobligated balance permanently
reduced....................... -10
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 24
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 114 127 139
73.10 Total new obligations............. 25 24
73.20 Total outlays (gross)............. -12 -12 -11
--------- --------- ----------
74.40 Obligated balance, end of year.. 127 139 128
----------------------------------------------------------------------------
Outlays (gross), detail:
86.93 Outlays from discretionary
balances........................ 12 12 11
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 24
90.00 Outlays........................... 12 12 11
---------------------------------------------------------------------------
To implement the goals of the Strengthening America's Communities
Initiative (SACI), the Department of Housing and Urban Development will
work in partnership with the Department of Commerce and other agencies
to establish and apply a common set of performance goals and measures
for all Federal community and economic development programs. In HUD,
this initiative consolidates a number of duplicative programs into a
reformed Community Development Block Grant program focused on clear
goals and expected results, designed to achieve stronger performance,
and targeted to communities unable to meet their own needs.
The Brownfields Economic Development Initiative (BEDI) is a
competitive grant program to stimulate and promote economic and
community development. Brownfields are abandoned, idled, and underused
industrial and commercial facilities and land where expansion and
redevelopment is burdened by real or potential environmental
contamination.
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.
Youthbuild Program
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0219-0-1-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 1
--------- --------- ----------
74.40 Obligated balance, end of year..
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------
Youthbuild is a program targeted to 16- to 24-year old high school
dropouts and provides disadvantaged young adults with education and
employment skills through rehabilitating and constructing housing for
low-income and homeless people.
The Youthbuild program has been funded as a set-aside within the
CDBG program since 1996. The 2007 Budget proposes to fund the Youthbuild
program within the U.S. Department of Labor to allow for greater
coordination with other employment and training programs. The obligated
balance and outlays 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, [$1,750,000,000] $1,816,640,000, to remain available until
September 30, [2008] 2009: Provided, That of the total amount provided
in this paragraph, [up to $42,000,000 shall be available for housing
counseling under section 106 of the Housing and Urban Development Act of
1968, and $1,000,000] $3,465,000 shall be transferred to the Working
Capital Fund: Provided further, That up to $9,900,000 shall be available
for technical assistance.
In addition to amounts otherwise made available under this heading,
[$25,000,000] $100,000,000, to remain available until September 30,
[2008] 2009, for assistance to homebuyers as authorized under title I of
the American Dream Downpayment Act. (Department of Housing and Urban
Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0205-0-1-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 HOME grants....................... 2,035 1,893 1,917
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 2,035 1,893 1,917
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 447 318 182
22.00 New budget authority (gross)...... 1,900 1,757 1,917
22.10 Resources available from
recoveries of prior year
obligations..................... 6
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 2,353 2,075 2,099
23.95 Total new obligations............. -2,035 -1,893 -1,917
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 318 182 182
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 1,915 1,775 1,917
40.33 Appropriation permanently
reduced (P.L. 109-148)........ -18
40.35 Appropriation permanently
reduced....................... -15
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 1,900 1,757 1,917
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 5,247 5,557 5,676
73.10 Total new obligations............. 2,035 1,893 1,917
73.20 Total outlays (gross)............. -1,718 -1,774 -1,822
73.40 Adjustments in expired accounts
(net)........................... -1
73.45 Recoveries of prior year
obligations..................... -6
--------- --------- ----------
74.40 Obligated balance, end of year.. 5,557 5,676 5,771
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 13 35 38
86.93 Outlays from discretionary
balances........................ 1,705 1,739 1,784
--------- --------- ----------
87.00 Total outlays (gross)........... 1,718 1,774 1,822
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 1,900 1,757 1,917
90.00 Outlays........................... 1,718 1,774 1,822
---------------------------------------------------------------------------
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, expanding the supply and affordability of housing. Eligible
activities include acquisition, rehabilitation, and new construction of
housing and tenant-based rental assistance.
In its PART assessment, the HOME program received a Moderately
Effective rating, based upon the fact that the program has a potentially
significant impact on affordable housing problems, has made progress
towards its annual performance goals, and demonstrates improved
efficiency over time. The 2007 request supports the PART analysis and
will result in the production of 83,750 units of affordable housing
through new construction, rehabilitation, and/or acquisition.
[[Page 546]]
In addition, tenant-based rental assistance will be provided for 12,080
units.
The $100 million American Dream Downpayment Initiative will help
expand homeownership opportunities to 13,000 low-income first-time
homebuyers and also support expansion of minority homeownership.
Self-Help and Assisted Homeownership Opportunity Program
For the Self-Help and Assisted Homeownership Opportunity Program, as
authorized under Section 11 of the Housing Opportunity Program Extension
Act of 1996, as amended, [$61,000,000] $39,700,000, to remain available
until September 30, [2008: Provided, That of the total amount provided
in this heading $20,000,000 shall be made available to the Self Help
Homeownership Opportunity Program as authorized under section 11 of the
Housing Opportunity Program Extension Act of 1996, as amended: Provided
further, That $30,000,000 shall be made available for capacity building,
of which $26,500,000 shall be for capacity building for Community
Development and affordable Housing for LISC and the Enterprise
Foundation for activities authorized by section 4 of the HUD
Demonstration Act of 1993 (42 U.S.C. 9816 note), as in effect
immediately before June 12, 1997, and $3,500,000 shall be made available
for capacity building activities administered by Habitat for Humanity
International: Provided further, That $3,000,000 shall be made available
to the Housing Assistance Council; $1,000,000 shall be made available to
the National American Indian Housing Council; $4,000,000 shall be
available as a grant to the Raza Development Fund of La Raza for the
HOPE Fund, of which $500,000 is for technical assistance and fund
management, and $3,500,000 is for investments in the HOPE Fund and
financing to affiliated organizations; $2,000,000 shall be available as
a grant to the National Housing Development Corporation for operating
expenses and a program of affordable housing acquisition and
rehabilitation; and $1,000,000 shall be made available to the Special
Olympics National Organizing Committee for planning, equipment and
operational expenses associated with the 2006 games in Ames, Iowa] 2009:
Provided, That up to $990,000 shall be made available for technical
assistance. (Department of Housing and Urban Development Appropriations
Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0176-0-1-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Self Help Housing Opportunity
Program......................... 20 40
00.02 Capacity Building................. 29
00.03 National American Indian Housing
Council......................... 1
00.04 Housing Assistance Council........ 3
00.05 Special Olympics.................. 1
00.06 National Council of La Raza....... 4
00.07 National Housing Development
Corporation..................... 2
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 60 40
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 60 40
23.95 Total new obligations............. -60 -40
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 61 40
40.33 Appropriation permanently
reduced (P.L. 109-148)........ -1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 60 40
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 59
73.10 Total new obligations............. 60 40
73.20 Total outlays (gross)............. -1 -20
--------- --------- ----------
74.40 Obligated balance, end of year.. 59 79
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 1 1
86.93 Outlays from discretionary
balances........................ 19
--------- --------- ----------
87.00 Total outlays (gross)........... 1 20
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 60 40
90.00 Outlays........................... 1 20
---------------------------------------------------------------------------
Self-Help Homeownership Opportunity Program (SHOP) funds assist low-
income homebuyers willing to contribute ``sweat equity'' toward the
construction of their houses. The funds will increase nonprofit
organizations' ability to leverage funds from other sources and produce
at least 2,000 new homeownership units.
In 2006, SHOP became a separate account. SHOP was previously funded
as a set-aside within the Community Development Fund. Funding of $40
million is provided for acquisition and preparation of land to assist
the efforts for national and regional consortia. Of that amount,
$990,000 will be used for technical assistance.
Homeless Assistance Grants
(including transfer of funds)
For the emergency shelter grants program as authorized under
subtitle B of title IV of the 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 McKinney-Vento Homeless Assistance Act; and the shelter plus
care program as authorized under subtitle F of title IV of such Act,
[$1,340,000,000] $1,511,240,000, of which [$1,320,000,000]
$1,491,240,000 shall remain available until September 30, [2008] 2009,
and of which $20,000,000 shall remain available until expended:
Provided, That not less than 30 percent of funds made available,
excluding amounts provided for renewals under the shelter plus care
program, shall be used for permanent housing: Provided further, That all
funds awarded for services shall be matched by 25 percent in funding by
each grantee: Provided further, That the Secretary shall renew on an
annual basis expiring contracts or amendments to contracts funded under
the shelter plus care program if the program is determined to be needed
under the applicable continuum of care and meets appropriate program
requirements and financial standards, as determined by the Secretary:
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
[$11,674,000] $10,395,000 of the funds appropriated under this heading
shall be available for the national homeless data analysis project and
technical assistance: Provided further, That [$1,000,000] $2,475,000 of
the funds appropriated under this heading shall be transferred to the
Working Capital Fund: Provided further, That all balances for Shelter
Plus Care renewals previously funded from the Shelter Plus Care Renewal
account and transferred to this account shall be available, if
recaptured, for Shelter Plus Care renewals in fiscal year [2006] 2007.
In addition, $24,750,000 is provided for fiscal year 2007, to be
transferred to ``Training and Employment Services.'' Employment and
Training Administration, Department of Labor, shall be for the Prisoner
Re-Entry Initiative as established under that heading. (Department of
Housing and Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0192-0-1-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Homeless assistance grants........ 1,427 1,502 1,637
--------- --------- ----------
[[Page 547]]
10.00 Total new obligations (object
class 41.0)................... 1,427 1,502 1,637
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1,697 1,573 1,448
22.00 New budget authority (gross)...... 1,230 1,327 1,536
22.10 Resources available from
recoveries of prior year
obligations..................... 91 50 50
22.22 Unobligated balance transferred
from other accounts............. 11
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 3,029 2,950 3,034
23.95 Total new obligations............. -1,427 -1,502 -1,637
23.98 Unobligated balance expiring or
withdrawn....................... -29
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 1,573 1,448 1,397
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 1,251 1,340 1,536
40.33 Appropriation permanently
reduced (P.L. 109-148)........ -13
40.35 Appropriation permanently
reduced....................... -10
40.36 Unobligated balance permanently
reduced....................... -11
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 1,230 1,327 1,536
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 2,460 2,516 2,636
73.10 Total new obligations............. 1,427 1,502 1,637
73.20 Total outlays (gross)............. -1,282 -1,332 -1,387
73.32 Obligated balance transferred from
other accounts.................. 14
73.40 Adjustments in expired accounts
(net)........................... -12
73.45 Recoveries of prior year
obligations..................... -91 -50 -50
--------- --------- ----------
74.40 Obligated balance, end of year.. 2,516 2,636 2,836
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 8 13 23
86.93 Outlays from discretionary
balances........................ 1,274 1,319 1,364
--------- --------- ----------
87.00 Total outlays (gross)........... 1,282 1,332 1,387
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 1,230 1,327 1,536
90.00 Outlays........................... 1,282 1,332 1,387
---------------------------------------------------------------------------
The Homeless Assistance Grants account funds the Shelter Plus Care,
Supportive Housing, Emergency Shelter Grants, and Section 8 Moderate
Rehabilitation Single Room Occupancy programs. These funds enable
localities to shape and implement comprehensive, flexible, coordinated
approaches to address the multiple issues of homelessness. Many
communities have made great strides in creating comprehensive approaches
to ending chronic homelessness through the development of State
Interagency Councils and local ten-year plans. Requested funding will be
available for a wide range of activities to assist homeless persons and
prevent future homelessness, and will support the Department's effort to
end chronic homelessness. A major emphasis will be placed on permanent
housing by requiring 30 percent of funds to be used for permanent
housing.
The Administration proposed legislation to combine HUD's three
competitive programs--Shelter Plus Care, Supportive Housing, and Section
8 Moderate Rehabilitation Single Room Occupancy--into a single program
with enough flexibility to better meet community needs. The Department
continues to pursue expanded interagency efforts to meet the needs of
the homeless and to accomplish the Administration's goal of ending
chronic homelessness. The new consolidated program will incorporate up
to $200 million for the Samaritan Housing Initiative which will
specifically address the supportive housing needs of chronically
homeless individuals.
Funding is also requested for technical assistance to provide among
other services, needed assistance to grantees to resolve problems that
hinder successful project completion and implementation, and for
homeless management information systems (HMIS) support, including the
continuing operation of tracking systems required by House Report 105-
610.
Funding of $24.75 million is included for a four year Prisoner Re-
Entry Initiative, involving the Departments of Justice, Labor, and
Housing and Urban Development, to help individuals exiting prison make a
successful transition to community life and long-term employment. Upon
enactment, these funds will be transferred to the Department of Labor.
Rural Housing and Economic Development
[For the Office of Rural Housing and Economic Development in the
Department of Housing and Urban Development, $17,000,000, to remain
available until expended, which amount shall be competitively awarded by
September 1, 2006, 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.] (Department
of Housing and Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0324-0-1-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Rural Housing..................... 25 44
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 25 44
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 27 27
22.00 New budget authority (gross)...... 24 17
22.10 Resources available from
recoveries of prior year
obligations..................... 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 52 44
23.95 Total new obligations............. -25 -44
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 27
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 24 17
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 40 40 61
73.10 Total new obligations............. 25 44
73.20 Total outlays (gross)............. -24 -23 -22
73.45 Recoveries of prior year
obligations..................... -1
--------- --------- ----------
74.40 Obligated balance, end of year.. 40 61 39
----------------------------------------------------------------------------
Outlays (gross), detail:
86.93 Outlays from discretionary
balances........................ 24 23 22
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 24 17
90.00 Outlays........................... 24 23 22
---------------------------------------------------------------------------
To implement the goals of the Strengthening America's Communities
Initiative (SACI), the Department of Housing and Urban Development will
work in partnership with the Department of Commerce and other agencies
to establish and apply a common set of performance goals and measures
for all Federal community and economic development programs. In HUD,
this initiative consolidates a number of duplicative programs into a
reformed Community Development Block Grant program focused on clear
goals and expected results, designed to achieve stronger performance,
and targeted to communities unable to meet their own needs.
The RHED program was legislated to encourage new and innovative
approaches to serve the housing and economic development needs of the
nation's rural communities. Additionally, the U.S. Department of
Agriculture manages a portfolio of rural housing and economic
development grants programs that vastly exceed HUD's RHED program in
terms of programs and services from budget to staffing.
[[Page 548]]
Urban Development Action Grants
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0170-0-1-451 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 7 5 2
22.21 Unobligated balance transferred to
other accounts.................. -2 -3
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 5 2 2
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 5 2 2
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 6 4 2
73.20 Total outlays (gross)............. -2 -2 -2
--------- --------- ----------
74.40 Obligated balance, end of year.. 4 2
----------------------------------------------------------------------------
Outlays (gross), detail:
86.93 Outlays from discretionary
balances........................ 2 2 2
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 2 2 2
---------------------------------------------------------------------------
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.
Shelter Plus Care Renewals
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0232-0-1-604 2005 actual 2006 est. 2007 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 obligated balances:
72.40 Obligated balance, start of year.. 14
73.31 Obligated balance transferred to
other accounts.................. -14
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------
The 2005 Appropriations Act transferred all remaining balances in
this account to the Homeless Assistance Grant account where Shelter Plus
Care renewals have been funded since 2003. 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 renews contracts on a one-year basis and provides
funding to amend contracts that were previously extended but which will
run out of funding.
Public enterprise funds:
Revolving Fund (Liquidating Programs)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4015-0-3-451 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Section 312 expenses.............. 1 1
--------- --------- ----------
10.00 Total new obligations (object
class 32.0)................... 1 1
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 13 1
22.00 New budget authority (gross)...... 1 2 2
22.40 Capital transfer to general fund.. -13 -2 -1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1 1 1
23.95 Total new obligations............. -1 -1
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 1
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 1 1 1
Mandatory:
69.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 1 1
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 1 2 2
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 2 2
73.10 Total new obligations............. 1 1
73.20 Total outlays (gross)............. -3 -3
--------- --------- ----------
74.40 Obligated balance, end of year.. 2 -2
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 2 2
86.98 Outlays from mandatory balances... 1 1
--------- --------- ----------
87.00 Total outlays (gross)........... 3 3
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.40 Offsetting collections (cash)
from: Non-Federal sources..... -1 -1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 1 1 1
90.00 Outlays........................... 2 2
---------------------------------------------------------------------------
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4015-0-3-451 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 6 6 4
1251 Repayments: Repayments and
prepayments..................... -1 -1
1263 Write-offs for default: Direct
loans........................... -1 -1
--------- --------- ----------
1290 Outstanding, end of year........ 6 4 2
---------------------------------------------------------------------------
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.
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 86-4015-0-3-451
2004 actual
2005 actual
-----------------------------------------------------------------------------------------------
ASSETS:
1101
Federal assets: Fund balances with Treasury
15
3
Net value of assets related to
pre-1992 direct loans
receivable and acquired
defaulted guaranteed loans
receivable:
1601
Direct loans, gross
6
6
1603
Allowance for estimated uncollectible loans and interest (-)
-6
-6
1604
Direct loans and interest receivable, net
[[Page 549]]
1606
Foreclosed property
2
2
1699
Value of assets related to direct loans
2
2
1999
Total assets
17
5
LIABILITIES:
2207
Non-Federal liabilities: Other
1
1
2999
Total liabilities
1
1
NET POSITION:
3100
Appropriated capital
3
4
3300
Cumulative results of operations
13
3999
Total net position
16
4
4999
Total liabilities and net position
17
5
-----------------------------------------------------------------------------------------------
Credit accounts:
Community Development Loan Guarantees Program Account
[(including transfer of funds)]
[For the cost of guaranteed loans, $3,000,000, to remain available
until September 30, 2007, as authorized by section 108 of the Housing
and Community Development Act of 1974, as amended: 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
$137,500,000, notwithstanding any aggregate limitation on outstanding
obligations guaranteed in section 108(k) of the Housing and Community
Development Act of 1974, as amended.]
[In addition, for administrative expenses to carry out the
guaranteed loan program, $750,000 shall be transferred to and merged
with the appropriation for ``Salaries and expenses''.] (Department of
Housing and Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0198-0-1-451 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.02 Community development loan
guarantee credit subsidy........ 8 6
00.07 Upward Reestimate of Loan
Guarantee....................... 2 2
00.08 Interest on reestimate............ 1
00.09 Administrative expense............ 1 1
--------- --------- ----------
10.00 Total new obligations........... 11 10
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 5 3
22.00 New budget authority (gross)...... 9 7
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 14 10
23.95 Total new obligations............. -11 -10
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 3
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 7 4
Mandatory:
60.00 Appropriation................... 2 3
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 9 7
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 15 17 19
73.10 Total new obligations............. 11 10
73.20 Total outlays (gross)............. -6 -8 -5
73.40 Adjustments in expired accounts
(net)........................... -3
--------- --------- ----------
74.40 Obligated balance, end of year.. 17 19 14
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 2 1
86.93 Outlays from discretionary
balances........................ 2 4 5
86.97 Outlays from new mandatory
authority....................... 2 3
--------- --------- ----------
87.00 Total outlays (gross)........... 6 8 5
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 9 7
90.00 Outlays........................... 6 8 5
---------------------------------------------------------------------------
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0198-0-1-451 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
215001Community development loan
guarantee levels................ 337 276
--------- --------- ----------
215901Total loan guarantee levels....... 337 276
Guaranteed loan subsidy (in percent):
232001Community development loan
guarantee levels................ 2.30 2.20 0.00
--------- --------- ----------
232901Weighted average subsidy rate..... 2.30 2.20 0.00
Guaranteed loan subsidy budget authority:
233001Community development loan
guarantee levels................ 8 6
--------- --------- ----------
233901Total subsidy budget authority.... 8 6
Guaranteed loan subsidy outlays:
234001Community development loan
guarantee levels................ 3 4 5
--------- --------- ----------
234901Total subsidy outlays............. 3 4 5
Guaranteed loan upward reestimate subsidy
budget authority:
235001Community development loan
guarantee levels................ 2 3
--------- --------- ----------
235901Total upward reestimate budget
authority....................... 2 3
Guaranteed loan downward reestimate subsidy
budget authority:
237001Community development loan
guarantee levels................ -15 -6
--------- --------- ----------
237901Total downward reestimate subsidy
budget authority................ -15 -6
----------------------------------------------------------------------------
Administrative expense data:
351001Budget authority.................. 1 1
359001Outlays from new authority........ 1 1
---------------------------------------------------------------------------
Guaranteed Loans.--The 2007 Budget requests no new funding for the
Community Development Loan Guarantee program (Section 108). As part of a
broader government-wide community and economic development reform
effort, the program is proposed to be consolidated into a reformed
Community Development Block Grant program designed to achieve greater
results and target the most distressed communities.
Section 108 loan guarantees have been used by Community Development
Block Grant entitlement and nonentitlement communities (assisted by
their State) for economic development activities, acquisition of real
property, rehabilitation of publicly owned real property, and housing
rehabilitation.
As required by the Federal Credit Reform Act of 1990, this account
records the subsidy costs associated with the loan guarantees committed
since 1992 (including modifications of direct loans or loan guarantees
that resulted from obligations or commitments in any year), as well as
administrative expenses for this program. The subsidy amounts are
estimated on a present value basis; the administrative expenses are
estimated on a cash basis. No new loan activity is proposed for 2007.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0198-0-1-451 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
12.1 Civilian personnel benefits....... 1 1
33.0 Investments and loans............. 10 9
--------- --------- ----------
99.9 Total new obligations........... 11 10
---------------------------------------------------------------------------
Community Development Loan Guarantees Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4096-0-3-451 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
08.02 Payment of Downward Reestimate to
Receipt Account................. 12 5
[[Page 550]]
08.04 Payment of Downward Reestimate to
Receipt Account (Interest)...... 3 1
--------- --------- ----------
10.00 Total new obligations........... 15 6
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 90 86 87
22.00 New financing authority (gross)... 11 7 9
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 101 93 96
23.95 Total new obligations............. -15 -6
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 86 87 96
----------------------------------------------------------------------------
New financing authority (gross), detail:
Spending authority from offsetting
collections:
Discretionary:
68.00 Offsetting collections (cash). 7 4 9
68.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... 2
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)..... 9 4 9
Mandatory:
69.00 Offsetting collections (cash). 2 3
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 11 7 9
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. -15 -17 -17
73.10 Total new obligations............. 15 6
73.20 Total financing disbursements
(gross)......................... -15 -6
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -2
--------- --------- ----------
74.40 Obligated balance, end of year.. -17 -17 -17
87.00 Total financing disbursements
(gross)......................... 15 6
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Federal Sources: Payments from
Program Account............. -4 -7 -5
88.00 Federal sources: Upward
reestimate (Interest).......
88.00 Federal sources............... -1
88.25 Interest on uninvested funds.. -4 -4 -4
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -9 -11 -9
Against gross financing authority only:
88.95 Change in receivables from
program accounts.............. -2
88.96 Portion of offsetting
collections (cash) credited to
expired accounts.............. 4
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... 5 -5 -9
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4096-0-3-451 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2111 Limitation on guaranteed loans
made by private lenders......... 275 138
2121 Limitation available from carry-
forward......................... 223 159
2142 Uncommitted loan guarantee
limitation...................... -2 -21
2143 Uncommitted limitation carried
forward......................... -159
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 337 276
2199 Guaranteed amount of guaranteed
loan commitments................ 337 276
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 2,301 2,302 2,175
2231 Disbursements of new guaranteed
loans........................... 168 173 261
2251 Repayments and prepayments........ -167 -300 -350
--------- --------- ----------
2290 Outstanding, end of year........ 2,302 2,175 2,086
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 2,302 2,175 2,086
---------------------------------------------------------------------------
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 86-4096-0-3-451
2004 actual
2005 actual
-----------------------------------------------------------------------------------------------
ASSETS:
1101
Federal assets: Fund balances with Treasury
75
70
1999
Total assets
75
70
LIABILITIES:
2204
Non-Federal liabilities: Liabilities for loan guarantees
75
70
2999
Total liabilities
75
70
4999
Total liabilities and net position
75
70
-----------------------------------------------------------------------------------------------
Guaranteed loans.--The Community Development Loan Guarantees program
has provided a mechanism for the Federal guarantee of private loans. An
accompanying liquidating account shows activity for Federal Financing
Bank (FFB) direct loan activity, obligated prior to July 1, 1986. The
following is a status of privately financed guaranteed loan commitments
made prior to 1992. No funding is requested for new section 108 loans in
2007.
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 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. -5 -5 -5
--------- --------- ----------
74.40 Obligated balance, end of year.. -5 -5 -5
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4097-0-3-451 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 39 39 37
2251 Repayments and prepayments........ -2 -2
--------- --------- ----------
2290 Outstanding, end of year........ 39 37 35
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 39 37 35
---------------------------------------------------------------------------
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 86-4097-0-3-451
2004 actual
2005 actual
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101
Fund balances with Treasury
-5
-4
Investments in US securities:
1106
Receivables, net
5
4
[[Page 551]]
1999
Total assets
-----------------------------------------------------------------------------------------------
No funding is requested for new Section 108 loans in 2007.
Guaranteed loans.--Guaranteed loan assistance under the Community
Development Loan Guarantees program was 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.
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.
HOUSING PROGRAMS
Federal Funds
General and special funds:
Housing for the Elderly
(including transfer of funds)
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
for the elderly under section 202(c)(2) of such Act, including
amendments to contracts for such assistance and renewal of expiring
contracts for such assistance for up to a 1-year term, and for
supportive services associated with the housing, [$742,000,000]
$545,490,000, to remain available until September 30, [2009] 2010, of
which amount up to $443,520,000 shall be for capital advance and
project-based rental assistance awards, of which amount [$51,600,000] up
to $59,400,000 shall be for service coordinators and the continuation of
existing congregate service grants for residents of assisted housing
projects, and of which amount up to [$24,800,000] $24,750,000 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 and for emergency capital repairs as
determined by the Secretary: Provided, [That of the amount made
available under this heading, $4,000,000 shall be made available to
carry out section 203 of Public Law 108-186: Provided further, That of
the amount made available under this heading, $20,000,000 shall be
available to the Secretary of Housing and Urban Development only for
making competitive grants to private nonprofit organizations and
consumer cooperatives for covering costs of architectural and
engineering work, site control, and other planning relating to the
development of supportive housing for the elderly that is eligible for
assistance under section 202 of the Housing Act of 1959 (12 U.S.C.
1701q): Provided further,] That amounts under this heading shall be
available for Real Estate Assessment Center inspections and inspection-
related activities associated with section 202 capital advance projects:
Provided further, That [$400,000] $1,980,000 of the total amount made
available under this heading shall be transferred to the Working Capital
Fund: Provided further, That the Secretary may waive the provisions of
section 202 governing the terms and conditions of project rental
assistance, except that the initial contract term for such assistance
shall not exceed 5 years in duration. (Department of Housing and Urban
Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0320-0-1-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Elderly and disabled housing
grants.......................... 1,009 742 546
--------- --------- ----------
10.00 Total new obligations........... 1,009 742 546
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1,392 1,009 1,002
22.00 New budget authority (gross)...... 742 735 546
22.10 Resources available from
recoveries of prior year
obligations..................... 11
22.21 Unobligated balance transferred to
other accounts.................. -126
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 2,019 1,744 1,548
23.95 Total new obligations............. -1,009 -742 -546
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 1,009 1,002 1,002
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 747 742 546
40.33 Appropriation permanently
reduced (P.L. 109-148)........ -7
40.35 Appropriation permanently
reduced....................... -6
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 741 735 546
Discretionary:
68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 1
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 742 735 546
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 5,367 4,266 4,133
73.10 Total new obligations............. 1,009 742 546
73.20 Total outlays (gross)............. -903 -875 -875
73.31 Obligated balance transferred to
other accounts.................. -1,190
73.40 Adjustments in expired accounts
(net)........................... -4
73.45 Recoveries of prior year
obligations..................... -11
--------- --------- ----------
74.40 Obligated balance, end of year.. 4,266 4,133 3,804
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 1
86.93 Outlays from discretionary
balances........................ 902 875 875
--------- --------- ----------
87.00 Total outlays (gross)........... 903 875 875
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.40 Offsetting collections (cash)
from: Non-Federal sources..... -1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 741 735 546
90.00 Outlays........................... 903 875 875
---------------------------------------------------------------------------
This account consolidates funds activity under the Section 202
Housing for the Elderly Program. It funds capital grants for
construction of low-income housing, operating subsidies, conversion of
existing properties to assisted living, and Service coordinators.
The 2007 Budget expands this program. About 2,700 new units of
housing will be constructed. All housing previously supported will
continue to receive operating subsidies. In addition, congregate
services and other supportive social services for residents, such as
benefit counseling, are increased to $59 million. Upgrades of
developments to assisted living facilities are funded at $25 million.
HOUSING FOR THE ELDERLY
2005 actual 2006 est. 2007 est.
Units eligible for payment.... 82,359 88,418 94,351
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0320-0-1-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
41.0 Direct obligations: Grants,
subsidies, and contributions.... 1,009 741 546
99.0 Reimbursable obligations:
Reimbursable obligations........ 1
--------- --------- ----------
99.9 Total new obligations........... 1,009 742 546
---------------------------------------------------------------------------
[[Page 552]]
Housing for Persons With Disabilities
(including transfer of funds)
For capital advance contracts, 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 supportive
housing for persons with disabilities under section 811(d)(2) of such
Act, including amendments to contracts for such assistance and renewal
of expiring contracts for such assistance for up to a 1-year term, and
for supportive services associated with the housing for persons with
disabilities as authorized by section 811(b)(1) of such Act, and for
tenant-based rental assistance contracts entered into pursuant to
section 811 of such Act, [$239,000,000] $118,800,000, to remain
available until September 30, [2009] 2010: Provided, That [$400,000]
$990,000 shall be transferred to the Working Capital Fund: Provided
further, That up to $30,690,000 shall be for expansion of existing
levels of housing assistance, including up to $14,850,000 for
incremental tenant-based rental assistance (which assistance is 5 years
in duration) and up to $15,840,000 for new capital advance project
rental assistance contracts: Provided further, That, of the amount
provided under this heading [$78,300,000] up to $74,745,000 shall be for
amendments or renewal of tenant-based assistance contracts [entered into
prior to fiscal year 2005 (only one amendment authorized for any such
contract): Provided further, That of the amount provided under this
heading, the Secretary may make available up to $5,000,000 for
incremental tenant-based rental assistance, as authorized by section 811
of such Act (which assistance is 5 years in duration)]: Provided
further, That all tenant-based assistance made available under this
heading shall continue to remain available only to persons with
disabilities: Provided further, That the Secretary may waive the
provisions of section 811 governing the terms and conditions of project
rental assistance and tenant-based assistance, except that the initial
contract term for such assistance shall not exceed 5 years in duration:
Provided further, That amounts made available under this heading shall
be available for Real Estate Assessment Center Inspections and
inspection-related activities associated with section 811 Capital
Advance Projects. (Department of Housing and Urban Development
Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0237-0-1-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Housing for the Disabled.......... 296 239 119
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 296 239 119
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 202 276 274
22.00 New budget authority (gross)...... 238 237 119
22.10 Resources available from
recoveries of prior year
obligations..................... 5
22.22 Unobligated balance transferred
from other accounts............. 126
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 571 513 393
23.95 Total new obligations............. -296 -239 -119
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 276 274 274
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 478 239 119
40.33 Appropriation permanently
reduced (P.L. 109-148)........ -2
40.35 Appropriation permanently
reduced....................... -240
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 238 237 119
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 45 1,215 1,196
73.10 Total new obligations............. 296 239 119
73.20 Total outlays (gross)............. -307 -258 -260
73.32 Obligated balance transferred from
other accounts.................. 1,190
73.40 Adjustments in expired accounts
(net)........................... -4
73.45 Recoveries of prior year
obligations..................... -5
--------- --------- ----------
74.40 Obligated balance, end of year.. 1,215 1,196 1,055
----------------------------------------------------------------------------
Outlays (gross), detail:
86.93 Outlays from discretionary
balances........................ 307 258 260
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 238 237 119
90.00 Outlays........................... 307 258 260
---------------------------------------------------------------------------
This account consolidates all activities funded under section 811,
Housing for Persons With Disabilities program, including new capital
grants, project rental assistance, main stream vouchers, and renewal and
amendments as appropropriate.
HOUSING FOR PERSONS WITH DISABILITIES
2005 actual 2006 est. 2007 est.
Units eligible for payment.... 23,243 24,759 26,180
Housing Counseling Assistance
For contracts, grants, and other assistance other than loans, as
authorized under section 106 of the Housing and Urban Development Act of
1968, as amended, $44,550,000, to remain available until September 30,
2008: Provided, That funds shall be used for providing counseling and
advice to tenants and homeowners, both current and prospective, with
respect to property maintenance, financial management, and such other
matters as may be appropriate to assist them in improving their housing
conditions and meeting the responsibilities of tenancy or homeownership,
including provisions for training and for support of voluntary agencies
and services.
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0156-0-1-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Housing Assistance................ 5
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 5
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 45
23.95 Total new obligations............. -5
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 40
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 45
----------------------------------------------------------------------------
Change in obligated balances:
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.................. 45
90.00 Outlays........................... 5
---------------------------------------------------------------------------
The Housing Counseling Assistance Program provides comprehensive
housing counseling services to eligible homeowners and tenants,
including home purchase, financial management, and rental counseling.
This program has been funded through a set-aside under the HOME program
appropriation for the past several years. However, in 2007, it is being
proposed as a stand alone account.
The Housing Counseling Assistance Program supports the delivery of a
wide variety of housing counseling services to homebuyers, homeowners,
low- to moderate-income renters and the homeless. The primary objectives
of the program are to expand homeownership opportunities, improve access
to affordable housing and aid in HUD's commitment to bridging the gap of
homeownership of minorities and other under-served groups in comparison
to the National homeownership rate.
[[Page 553]]
Other Assisted Housing Programs
Rental Housing Assistance
For amendments to contracts under section 101 of the Housing and
Urban Development Act of 1965 (12 U.S.C. 1701s) and section 236(f)(2) of
the National Housing Act (12 U.S.C. 1715z-1) in State-aided, non-insured
rental housing projects, [$26,400,000] $24,750,000, to remain available
until expended[: Provided, That amendments to such contracts hereafter
may be for a period less than the term of the respective contracts].
(Department of Housing and Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0206-0-1-999 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Rent supplement................... 35 8 8
00.02 Homeownership and rental housing
assistance (Sections 235 and
236)............................ 1,144 18 17
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 1,179 26 25
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1,414 491 491
22.00 New budget authority (gross)...... 81 26 25
22.10 Resources available from
recoveries of prior year
obligations..................... 230
22.75 Balance of contract authority
withdrawn....................... -55
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1,670 517 516
23.95 Total new obligations............. -1,179 -26 -25
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 491 491 491
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 626 578 578
40.00 Appropriation................... 26 25
40.49 Portion applied to liquidate
contract authority............ -626 -578 -578
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 26 25
49.35 Contract authority permanently
reduced....................... -675
Mandatory:
60.00 Appropriation................... 756
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 81 26 25
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 6,522 6,861 6,306
73.10 Total new obligations............. 1,179 26 25
73.20 Total outlays (gross)............. -610 -581 -553
73.45 Recoveries of prior year
obligations..................... -230
--------- --------- ----------
74.40 Obligated balance, end of year.. 6,861 6,306 5,778
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 16 15
86.93 Outlays from discretionary
balances........................ 610 565 538
--------- --------- ----------
87.00 Total outlays (gross)........... 610 581 553
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 81 26 25
90.00 Outlays........................... 610 581 553
----------------------------------------------------------------------------
Memorandum (non-add) entries:
93.01 Unobligated balance, start of
year: Contract authority........ 1,414 491 311
93.02 Unobligated balance, end of year:
Contract authority.............. 491 311 311
93.03 Obligated balance, start of year:
Contract authority.............. 6,522 6,861 5,452
93.04 Obligated balance, end of year:
Contract authority.............. 6,861 5,452 5,452
---------------------------------------------------------------------------
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
17,239 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 that provided homeowners a 10-year interest
reduction subsidy on their mortgages.
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.
The table below reflects the consolidated outlay total for: the
Housing Certificate Fund; Tenant-Based Rental Assistance; Project-Based
Rental Assistance; the Public Housing Capital Fund; and the Other
Assisted Housing account.
SUMMARY OF OUTLAYS \1\
(in millions of dollars)
2005 actual 2006 est. 2007 est.
Subsidized housing programs,
total......................... 27,048 27,730 28,044
Low-income housing assistance
(sec. 8)...................... 23,285 24,037 24,626
Public housing capital fund... 3,153 3,112 2,864
Rent supplement............... 55 55 55
Homeownership assistance (sec.
235).......................... 4 4 3
Rental housing assistance
(sec. 236).................... 544 517 489
College housing grants........ 6 6 6
\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 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 3
22.00 New budget authority (gross)...... -3
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.36 Unobligated balance permanently
reduced....................... -3
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 12 9 6
73.20 Total outlays (gross)............. -3 -3 -3
--------- --------- ----------
74.40 Obligated balance, end of year.. 9 6 3
----------------------------------------------------------------------------
Outlays (gross), detail:
86.93 Outlays from discretionary
balances........................ 3 3 3
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. -3
90.00 Outlays........................... 3 3 3
---------------------------------------------------------------------------
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 2007. This schedule reflects the liquidation of prior year balances.
Manufactured Housing Fees Trust Fund
For necessary expenses as authorized by the National Manufactured
Housing Construction and Safety Standards Act of 1974, as amended (42
U.S.C. 5401 et seq.), up to [$13,000,000] $16,000,000, to remain
available until expended, to be derived from the Manufactured Housing
Fees Trust Fund: Provided, That not to exceed the total amount
appropriated under this heading shall be available from the general fund
of the Treasury to the extent necessary to incur
[[Page 554]]
obligations and make expenditures pending the receipt of collections to
the Fund pursuant to section 620 of such Act: Provided further, That the
amount made available under this heading from the general fund shall be
reduced as such collections are received during fiscal year [2006] 2007
so as to result in a final fiscal year [2006] 2007 appropriation from
the general fund estimated at not more than $0 and fees pursuant to such
section 620 shall be modified as necessary to ensure such a final fiscal
year [2006] 2007 appropriation: Provided further, That for the dispute
resolution and installation programs, the Secretary of Housing and Urban
Development may assess and collect fees from any program participant:
Provided further, That such collections shall be deposited into the
Fund, and the Secretary, subject to amounts made available under this
heading, may use such collections, as well as fees collected under
section 620, for necessary expenses of such Act. (Department of Housing
and Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0234-0-1-376 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 13 17 17
22.00 New budget authority (gross)...... 4
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 17 17 17
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 17 17 17
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 4
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. -1 -5
73.20 Total outlays (gross)............. -1 -4
--------- --------- ----------
74.40 Obligated balance, end of year.. -1 -5 -5
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 1
86.93 Outlays from discretionary
balances........................ 4
--------- --------- ----------
87.00 Total outlays (gross)........... 1 4
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 4
90.00 Outlays........................... 4
---------------------------------------------------------------------------
Interstate Land Sales
Special and Trust Fund Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-5270-0-2-376 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............
--------- --------- ----------
01.99 Balance, start of year............
Receipts:
02.60 Interstate land sales fund........ 1 1
Appropriations:
05.00 Interstate land sales............. -1 -1
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-5270-0-2-376 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Transfer to salaries and expenses. 1 1
--------- --------- ----------
10.00 Total new obligations (object
class 25.2)................... 1 1
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 1 1
23.95 Total new obligations............. -1 -1
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.20 Appropriation (special fund).... 1 1
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 1 1
73.20 Total outlays (gross)............. -1 -1
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 1 1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 1 1
90.00 Outlays........................... 1 1
---------------------------------------------------------------------------
The Interstate Land Sales Full Disclosure Act provides protection to
the public with respect to purchase 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. An estimated 600
filings in 2007 will result in $450,000 in fees.
Public enterprise funds:
Rental Housing Assistance Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4041-0-3-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.01 Refunds of Excess Income.......... 1 5 5
--------- --------- ----------
10.00 Total new obligations........... 1 5 5
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 7 10 19
22.00 New budget authority (gross)...... 4 14 14
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 11 24 33
23.95 Total new obligations............. -1 -5 -5
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 10 19 28
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
69.00 Spending authority from
offsetting collections
(gross): Offsetting
collections (cash)............ 4 14 14
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. -9
73.10 Total new obligations............. 1 5 5
73.20 Total outlays (gross)............. -1 -14 -14
--------- --------- ----------
74.40 Obligated balance, end of year.. -9 -18
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 14 14
86.98 Outlays from mandatory balances... 1
--------- --------- ----------
87.00 Total outlays (gross)........... 1 14 14
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.40 Offsetting collections (cash)
from: Non-Federal sources..... -4 -14 -14
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -4
---------------------------------------------------------------------------
The Housing and Urban Development Act of 1968 authorized the
Secretary to establish a revolving fund into which
[[Page 555]]
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, with the exception of amounts
required to make refunds of excess income remittances as authorized by
Public Law 106-569.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4041-0-3-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
25.2 Direct obligations: Other services 1
25.2 Reimbursable obligations: Other
services........................ 5 5
--------- --------- ----------
99.9 Total new obligations........... 1 5 5
---------------------------------------------------------------------------
Flexible Subsidy Fund
[(transfer of funds)]
[From the Rental Housing Assistance Fund, all uncommitted balances
of excess rental charges as of September 30, 2005, and any collections
made during fiscal year 2006 and all subsequent fiscal years, shall be
transferred to the Flexible Subsidy Fund, as authorized by section
236(g) of the National Housing Act, as amended.] (Department of Housing
and Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4044-0-3-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 42 4 24
22.00 New budget authority (gross)...... -39 20 20
22.10 Resources available from
recoveries of prior year
obligations..................... 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 4 24 44
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 4 24 44
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.36 Unobligated balance permanently
reduced....................... -68
Discretionary:
68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 29 20 20
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... -39 20 20
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 2 1 -19
73.20 Total outlays (gross)............. -20 -20
73.45 Recoveries of prior year
obligations..................... -1
--------- --------- ----------
74.40 Obligated balance, end of year.. 1 -19 -39
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 20 20
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources............... -12 -12
88.20 Interest on Federal securities -1
88.40 Non-Federal sources........... -28 -8 -8
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -29 -20 -20
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. -68
90.00 Outlays........................... -29
---------------------------------------------------------------------------
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4044-0-3-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 707 703 699
1251 Repayments: Repayments and
prepayments..................... -4 -4 -4
1264 Write-offs for default: Writeoff
for default: Other adjustments,
net.............................
--------- --------- ----------
1290 Outstanding, end of year........ 703 699 695
---------------------------------------------------------------------------
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.
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 86-4044-0-3-604
2004 actual
2005 actual
-----------------------------------------------------------------------------------------------
ASSETS:
1101
Federal assets: Fund balances with Treasury
44
44
Net value of assets related to
pre-1992 direct loans
receivable and acquired
defaulted guaranteed loans
receivable:
1601
Direct loans, gross
707
707
1602
Interest receivable
87
87
1603
Allowance for estimated uncollectible loans and interest (-)
-591
-591
1699
Value of assets related to direct loans
203
203
1999
Total assets
247
247
LIABILITIES:
2207
Non-Federal liabilities: Other
3
3
2999
Total liabilities
3
3
NET POSITION:
3100
Appropriated capital
-308
-308
3300
Cumulative results of operations
552
552
3999
Total net position
244
244
4999
Total liabilities and net position
247
247
-----------------------------------------------------------------------------------------------
Nehemiah Housing Opportunity Fund
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4071-0-3-604 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 2
22.00 New budget authority (gross)...... -2
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.36 Unobligated balance permanently
reduced....................... -2
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 9 11 9
73.20 Total outlays (gross)............. 2 -2 -2
--------- --------- ----------
74.40 Obligated balance, end of year.. 11 9 7
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... -2
86.93 Outlays from discretionary
balances........................ 2 2
--------- --------- ----------
87.00 Total outlays (gross)........... -2 2 2
----------------------------------------------------------------------------
[[Page 556]]
Net budget authority and outlays:
89.00 Budget authority.................. -2
90.00 Outlays........................... -1 2 2
---------------------------------------------------------------------------
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:
Federal Housing Administration
mutual mortgage insurance program account
(including transfers of funds)
During fiscal year [2006] 2007, 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 $185,000,000,000.
During fiscal year [2006] 2007, obligations to make direct loans to
carry out the purposes of section 204(g) of the National Housing Act, as
amended, shall not exceed $50,000,000: 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, [$355,000,000] $351,450,000, of which not to
exceed [$351,000,000] $347,490,000 shall be transferred to the
appropriation for ``Salaries and expenses''; and not to exceed
[$4,000,000] $3,960,000 shall be transferred to the appropriation for
``Office of Inspector General''. In addition, for administrative
contract expenses, [$62,600,000] $62,400,000, of which [$18,281,000]
$23,562,000 shall be transferred to the Working Capital Fund, and of
which up to $10,000,000 shall be for education and outreach of FHA
single family loan products: Provided, That to the extent guaranteed
loan commitments exceed $65,500,000,000 on or before April 1, [2006]
2007, 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 $30,000,000.
(Department of Housing and Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0183-0-1-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.07 Reestimates of loan guarantee
subsidy--upward re-estimate..... 2,003 2,881
00.08 Interest on reestimates of loan
guarantee subsidy............... 391 523
00.09 Administrative expenses, salaries
& expenses transfer............. 354 352 352
00.12 Non-overhead administrative
expenses for FHA contracts...... 72 62 62
--------- --------- ----------
10.00 Total new obligations........... 2,820 3,818 414
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 431 414 414
22.22 Unobligated balance transferred
from other accounts............. 2,394 3,404
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 2,825 3,818 414
23.95 Total new obligations............. -2,820 -3,818 -414
23.98 Unobligated balance expiring or
withdrawn....................... -5
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 435 418 414
40.33 Appropriation permanently
reduced (P.L. 109-148)........ -4
40.35 Appropriation permanently
reduced....................... -4
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 431 414 414
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 81 94 94
73.10 Total new obligations............. 2,820 3,818 414
73.20 Total outlays (gross)............. -2,799 -3,818 -414
73.40 Adjustments in expired accounts
(net)........................... -8
--------- --------- ----------
74.40 Obligated balance, end of year.. 94 94 94
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 372 346 346
86.93 Outlays from discretionary
balances........................ 33 68 68
86.98 Outlays from mandatory balances... 2,394 3,404
--------- --------- ----------
87.00 Total outlays (gross)........... 2,799 3,818 414
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 431 414 414
90.00 Outlays........................... 2,799 3,818 414
---------------------------------------------------------------------------
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0183-0-1-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Direct loan levels supportable by subsidy
budget authority:
115001MMI Fund, Direct loans............ 5 50 50
--------- --------- ----------
115901Total direct loan levels.......... 5 50 50
Direct loan subsidy (in percent):
132001MMI Fund, Direct loans............ 0.00 0.00 0.00
Direct loan subsidy budget authority:
133001MMI Fund, Direct loans............
--------- --------- ----------
133901Total subsidy budget authority....
Direct loan subsidy outlays:
134001MMI Fund, Direct loans............
--------- --------- ----------
134901Total subsidy outlays.............
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
215001MMI Fund, Section 203(b).......... 48,594 45,541
215002MMI Fund, Section 203(b) (Oct--Dec
2004)........................... 17,935
215003MMI Section 203(b) (Jan--Sept
2005)........................... 40,082
215004MMI HECM..........................
215005Standby commitment authority...... 136,406 139,459
--------- --------- ----------
215901Total loan guarantee levels....... 58,017 185,000 185,000
Guaranteed loan subsidy (in percent):
232001MMI Fund, Section 203(b) subsidy
rate............................ 0.00 -1.70 -0.37
232002MMI Fund, Section 203(b) subsidy
rate for Oct thru Dec 2004...... -1.71 0.00 0.00
232003MMI Fund, Section 203(b) subsidy
rate for Jan thru Sept 2005..... -1.84 0.00 0.00
232004MMI HECM--subsidy rate............ 0.00 0.00 0.00
--------- --------- ----------
232901Weighted average subsidy rate..... -1.80 -1.70 -0.37
Guaranteed loan subsidy budget authority:
233001MMI Fund, Section 203(b).......... -826 -169
233002MMI Fund, Section 203(b) (Oct--Dec
2004)........................... -307
233003MMI Fund, Section 203(b) (Jan--
Sept 2005)...................... -737
233004MMI HECM--subsidy.................
233005Loan modification--savings........ -13 -13
--------- --------- ----------
233901Total subsidy budget authority.... -1,044 -839 -182
Guaranteed loan subsidy outlays:
234001MMI Fund, Section 203(b).......... -826 -169
234002MMI Fund, Section 203(b) (Oct--Dec
2004)........................... -307
234003MMI Fund, Section 203(b) (Jan--
Sept 2005)...................... -737
234004MMI HECM--subsidy outlay..........
234005Loan modification--savings........ -13 -13
--------- --------- ----------
234901Total subsidy outlays............. -1,044 -839 -182
Guaranteed loan upward reestimate subsidy
budget authority:
235001MMI Fund, Section 203(b).......... 2,394 3,404
--------- --------- ----------
235901Total upward reestimate budget
authority....................... 2,394 3,404
Guaranteed loan downward reestimate subsidy
budget authority:
237001MMI Fund, Section 203(b).......... -56 -103
--------- --------- ----------
237901Total downward reestimate subsidy
budget authority................ -56 -103
----------------------------------------------------------------------------
[[Page 557]]
Administrative expense data:
351001Budget authority.................. 2,820 3,818 414
358001Outlays from balances............. 33 68 68
359001Outlays from new authority........ 2,766 3,750 346
---------------------------------------------------------------------------
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).
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.
In 2007, FHA is requesting an aggregate limitation of $185 billion
on loan guarantees and is proposing legislative changes to reform FHA,
including the consolidation of all single family programs under this
account.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0183-0-1-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
25.2 Other services.................... 57 62 62
25.3 Other purchases of goods and
services from Government
accounts........................ 369 352 352
41.0 Grants, subsidies, and
contributions................... 2,003 2,881
43.0 Interest and dividends............ 391 523
--------- --------- ----------
99.9 Total new obligations........... 2,820 3,818 414
---------------------------------------------------------------------------
Mutual Mortgage Insurance Program Account
(Legislative proposal, not subject to PAYGO)
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0183-2-1-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
215001MMI Fund, Section Purchase and
Refinance....................... 22,990
215002MMI Fund, Section 203(b) (Oct--Dec
2004)...........................
215003MMI Section 203(b) (Jan--Sept
2005)...........................
215004MMI HECM.......................... 17,508
215005Standby commitment authority...... -40,498
--------- --------- ----------
215901Total loan guarantee levels.......
Guaranteed loan subsidy (in percent):
232001MMI Purchase and Refinance--
subsidy rate.................... -0.53
232002MMI Fund, Section 203(b) subsidy
rate for Oct thru Dec 2004...... 0.00
232003MMI Fund, Section 203(b) subsidy
rate for Jan thru Sept 2005..... 0.00
232004MMI HECM--subsidy rate............ -1.21
232005Subsidy rate...................... 0.00
--------- --------- ----------
232901Weighted average subsidy rate..... -0.59
Guaranteed loan subsidy budget authority:
233001MMI Purchase and Refinance--
subsidy......................... -451
233002MMI Fund, Section 203(b) (Oct--Dec
2004)...........................
233003MMI Fund, Section 203(b) (Jan--
Sept 2005)......................
233004MMI HECM--subsidy................. -212
233005Loan modification--savings........
--------- --------- ----------
233901Total subsidy budget authority.... -663
Guaranteed loan subsidy outlays:
234001MMI Purchase and Refinance--
subsidy outlay.................. -451
234002MMI Fund, Section 203(b) (Oct--Dec
2004)...........................
234003MMI Fund, Section 203(b) (Jan--
Sept 2005)......................
234004MMI HECM--subsidy outlay.......... -212
234005Loan modification--savings........
--------- --------- ----------
234901Total subsidy outlays............. -663
----------------------------------------------------------------------------
Administrative expense data:
351001Budget authority..................
358001Outlays from balances.............
359001Outlays from new authority........
---------------------------------------------------------------------------
FHA--Mutual Mortgage Insurance Direct Loan Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4242-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct loans...................... 5 50 50
00.02 Interest paid to Treasury......... 2 2
00.03 Claims & other.................... 4 4
--------- --------- ----------
10.00 Total new obligations........... 5 56 56
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 3 5
22.00 New financing authority (gross)... 7 105 105
22.60 Portion applied to repay debt..... -54 -49
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 10 56 56
23.95 Total new obligations............. -5 -56 -56
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 5
----------------------------------------------------------------------------
New financing authority (gross), detail:
Mandatory:
67.10 Authority to borrow............. 3 50 50
Spending authority from offsetting
collections:
Discretionary:
68.00 Offsetting collections (cash). 4
Mandatory:
69.00 Offsetting collections (cash). 55 55
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 7 105 105
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 5 56 56
73.20 Total financing disbursements
(gross)......................... -5 -56 -56
87.00 Total financing disbursements
(gross)......................... 5 56 56
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.25 Interest on uninvested funds.. -1 -1
88.40 Repayment of principal........ -4 -50 -50
88.40 Repayment of interest......... -4 -4
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -4 -55 -55
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority............... 3 50 50
90.00 Financing disbursements........... 1 1
---------------------------------------------------------------------------
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 $50 million in 2007 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.
[[Page 558]]
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4242-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on obligations:
1111 Limitation on direct loans........ 50 50 50
1142 Unobligated direct loan limitation
(-)............................. -45
--------- --------- ----------
1150 Total direct loan obligations... 5 50 50
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 1 1
1231 Disbursements: Direct loan
disbursements................... 5 50 50
1251 Repayments: Repayments and
prepayments..................... -4 -50 -50
--------- --------- ----------
1290 Outstanding, end of year........ 1 1 1
---------------------------------------------------------------------------
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 86-4242-0-3-371
2004 actual
2005 actual
-----------------------------------------------------------------------------------------------
ASSETS:
1101
Federal assets: Fund balances with Treasury
3
5
Net value of assets related to
post-1991 direct loans
receivable:
1401
Direct loans receivable, gross
1
1405
Allowance for subsidy cost (-)
-3
-3
1499
Net present value of assets related to direct loans
-3
-2
1999
Total assets
3
LIABILITIES:
2103
Federal liabilities: Federal Liabilities--Debt
3
2999
Total liabilities
3
4999
Total liabilities and net position
3
-----------------------------------------------------------------------------------------------
FHA--Mutual Mortgage Insurance Guaranteed Loan Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4587-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Loan guarantee default claim
payments........................ 6,641 6,397 6,563
00.02 Other capital investment &
operating expenses.............. 592 639 561
00.08 Interest payments to Treasury..... 373 329 288
--------- --------- ----------
00.91 Subtotal, capital/operating
expenses...................... 7,606 7,365 7,412
08.01 Payment of negative subsidy to
capital reserve for new business 1,044 826 169
08.02 Reestimate of loan guarantee
subsidy (downward reestimates).. 24 39
08.04 Interest on reestimates of loan
guarantee subsidy............... 33 64
08.05 Loan modification payment to
capital reserve account 86-0236. 13 13
--------- --------- ----------
08.91 Direct Program by Activities--
Subtotal (1 level)............ 1,101 942 182
--------- --------- ----------
10.00 Total new obligations........... 8,707 8,307 7,594
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 3,458 3,389 5,921
22.00 New financing authority (gross)... 9,601 12,839 8,168
22.10 Resources available from
recoveries of prior year
obligations..................... 37
22.60 Portion applied to repay debt..... -1,000 -2,000 -1,000
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 12,096 14,228 13,089
23.95 Total new obligations............. -8,707 -8,307 -7,594
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 3,389 5,921 5,495
----------------------------------------------------------------------------
New financing authority (gross), detail:
Mandatory:
67.10 Authority to borrow............. 400 1,000 1,000
Spending authority from offsetting
collections:
Mandatory:
69.00 Offsetting collections........ 2,394 3,404
69.00 Offsetting collections (cash). 6,938 8,435 7,168
69.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... -131
--------- --------- ----------
69.90 Spending authority from
offsetting collections
(total mandatory)......... 9,201 11,839 7,168
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 9,601 12,839 8,168
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 840 1,080 1,246
73.10 Total new obligations............. 8,707 8,307 7,594
73.20 Total financing disbursements
(gross)......................... -8,561 -8,141 -7,441
73.45 Recoveries of prior year
obligations..................... -37
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... 131
--------- --------- ----------
74.40 Obligated balance, end of year.. 1,080 1,246 1,399
87.00 Total financing disbursements
(gross)......................... 8,561 8,141 7,441
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Transfer of Reestimates from
reserves in Capital Reserve
account..................... -2,394 -3,404
88.00 Federal sources............... -131
88.25 Interest on uninvested funds.. -264 -179 -191
88.40 Fees and premiums............. -1,888 -2,028 -2,066
88.40 Recoveries on defaults........ -4,655 -6,228 -4,911
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -9,332 -11,839 -7,168
Against gross financing authority only:
88.95 Change in receivables from
program accounts.............. 131
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority............... 400 1,000 1,000
90.00 Financing disbursements........... -771 -3,698 273
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4587-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2111 Limitation on guaranteed loans
made by private lenders......... 185,000 185,000 185,000
2142 Uncommitted loan guarantee
limitation...................... -126,983 -136,406 -139,459
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 58,017 48,594 45,541
2199 Guaranteed amount of guaranteed
loan commitments................ 58,017 48,594 45,541
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 364,285 319,846 321,858
2231 Disbursements of new guaranteed
loans........................... 58,017 48,594 45,541
2251 Repayments and prepayments........ -95,742 -40,185 -39,755
Adjustments:
2261 Terminations for default that
result in loans receivable.... -808 -189 -57
2262 Terminations for default that
result in acquisition of
property...................... -5,682 -6,135 -6,430
2263 Terminations for default that
result in claim payments...... -224 -73 -77
--------- --------- ----------
2290 Outstanding, end of year........ 319,846 321,858 321,080
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 319,846 321,858 321,080
----------------------------------------------------------------------------
Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:
2310 Outstanding, start of year...... 410 343
2331 Disbursements for guaranteed
loan claims................... 808 189 57
2351 Repayments of loans receivable.. -646
2364 Other adjustments, net.......... -229 -532 -57
--------- --------- ----------
2390 Outstanding, end of year...... 343
---------------------------------------------------------------------------
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
[[Page 559]]
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
2004 actual\1\
2005 actual
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101
Fund balances with Treasury
4,298
4,469
Investments in US securities:
1106
Receivables, net
2,362
2,292
Non-Federal assets:
1201
Investments in non-Federal securities, net
116
192
1206
Receivables, net
308
290
Net value of assets related to
post-1991 acquired defaulted
guaranteed loans receivable:
1501
Defaulted guaranteed loans receivable, gross
410
343
1502
Interest receivable
2
1
1504
Foreclosed property
2,095
2,405
1505
Allowance for subsidy cost
-993
-1,441
1599
Net value of assets related to defaulted guaranteed loan
1,514
1,308
1901
Other Federal assets: Other assets
485
363
1999
Total assets
9,083
8,914
LIABILITIES:
Federal liabilities:
2101
Accounts payable
54
103
2103
Federal liabilities, Debt
6,835
6,235
Non-Federal liabilities:
2201
Accounts payable
610
671
2204
Liabilities for loan guarantees
1,316
1,803
2207
Other
268
102
2999
Total liabilities
9,083
8,914
4999
Total liabilities and net position
9,083
8,914
-----------------------------------------------------------------------------------------------
FHA--Mutual Mortgage Insurance Guaranteed Loan Financing Account
(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4587-2-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Loan guarantee default claim
payments........................ 32
00.02 Other capital investment &
operating expenses.............. 2
00.08 Interest payments to Treasury..... 29
--------- --------- ----------
00.91 Subtotal, capital/operating
expenses...................... 63
08.01 Payment of negative subsidy for
new business....................
08.06 HECM Negative Subsidy to MMI
Receipt Acct.................... 212
08.07 MMI Purchase and Refinance Neg.
Subsidy to MMI Receipt Acct..... 451
--------- --------- ----------
08.91 Direct Program by Activities--
Subtotal (1 level)............ 663
--------- --------- ----------
10.00 Total new obligations........... 726
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New financing authority (gross)... 828
23.95 Total new obligations............. -726
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 102
----------------------------------------------------------------------------
New financing authority (gross), detail:
Mandatory:
69.00 Spending authority from
offsetting collections
(gross): Offsetting
collections................... 828
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 726
73.20 Total financing disbursements
(gross)......................... -579
--------- --------- ----------
74.40 Obligated balance, end of year.. 147
87.00 Total financing disbursements
(gross)......................... 579
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.25 Interest on uninvested funds.. -25
88.40 Fees and premiums............. -791
88.40 Recoveries on defaults........ -12
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -828
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -249
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4587-2-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2142 Uncommitted loan guarantee
limitation...................... 40,498
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 40,498
2199 Guaranteed amount of guaranteed
loan commitments................ 40,498
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........
2231 Disbursements of new guaranteed
loans........................... 40,498
2251 Repayments and prepayments........ -934
Adjustments:
2261 Terminations for default that
result in loans receivable....
2262 Terminations for default that
result in acquisition of
property...................... -32
2263 Terminations for default that
result in claim payments......
--------- --------- ----------
2290 Outstanding, end of year........ 39,532
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 39,532
----------------------------------------------------------------------------
Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:
2310 Outstanding, start of year......
2331 Disbursements for guaranteed
loan claims...................
2351 Repayments of loans receivable..
2364 Other adjustments, net..........
--------- --------- ----------
2390 Outstanding, end of year......
---------------------------------------------------------------------------
FHA--Mutual Mortgage Insurance Capital Reserve Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0236-0-1-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 23,519 23,262 21,864
22.00 New budget authority (gross)...... 2,181 2,006 1,251
22.21 Unobligated balance transferred to
other accounts.................. -2,438 -3,404
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 23,262 21,864 23,115
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 23,262 21,864 23,115
----------------------------------------------------------------------------
New budget authority (gross), detail:
Spending authority from offsetting
collections:
Mandatory:
69.00 Offsetting collections (cash). 1,124 1,167 1,069
69.00 Offsetting collections (cash). 1,044 839 182
69.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... 13
--------- --------- ----------
69.90 Spending authority from
offsetting collections
(total mandatory)......... 2,181 2,006 1,251
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. -248 -261 -261
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -13
--------- --------- ----------
[[Page 560]]
74.40 Obligated balance, end of year.. -261 -261 -261
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources--negative
subsidy from new business... -1,044 -826 -169
88.00 Federal sources--downward
reestimates................. -56 -103
88.00 Federal sources--loan
modification................ -13 -13
88.20 Interest on Federal securities -1,068 -1,064 -1,069
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -2,168 -2,006 -1,251
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... -13
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... -2,168 -2,006 -1,251
----------------------------------------------------------------------------
Memorandum (non-add) entries:
92.01 Total investments, start of year:
Federal securities: Par value... 23,321 22,642 23,107
92.02 Total investments, end of year:
Federal securities: Net......... 22,642 23,107 22,869
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
2005 actual 2006 est. 2007 est.
Enacted/requested:
Budget Authority............
Outlays..................... -2,168 -2,006 -1,251
Legislative proposal, not subject to
PAYGO:
Budget Authority............
Outlays..................... 1,251
------------------------------------
Total:
Budget Authority............
Outlays..................... -2,168 -2,006
====================================
In 2002, a new Capital Reserve account was established for the
Mutual Mortgage Insurance Fund. Financial reserves, including
securities, of the MMI Fund were transferred from the liquidating
account to the new Capital Reserve account. In 2003, this new account
started earning interest on Treasury investments, collecting negative
subsidy and downward reestimates from the Financing account, and paying
upward reestimates. The Liquidating account will now only reflect
cashflows related to pre-1992 books of business.
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 86-0236-0-1-371
2004 actual
2005 actual
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101
Fund balances with Treasury
301
728
Investments in US securities:
1102
Treasury securities, net
23,178
22,481
1106
Receivables, net
302
362
1999
Total assets
23,781
23,571
LIABILITIES:
2101
Federal liabilities: Accounts payable
2,362
2,292
2999
Total liabilities
2,362
2,292
NET POSITION:
3300
Cumulative results of operations
21,419
21,279
3999
Total net position
21,419
21,279
4999
Total liabilities and net position
23,781
23,571
-----------------------------------------------------------------------------------------------
FHA--Mutual Mortgage Insurance Capital Reserve Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0236-2-1-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... -1,251
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... -1,251
----------------------------------------------------------------------------
New budget authority (gross), detail:
Spending authority from offsetting
collections:
Mandatory:
69.00 Offsetting collections (cash). -1,069
69.00 Offsetting collections (cash). -182
--------- --------- ----------
69.90 Spending authority from
offsetting collections
(total mandatory)......... -1,251
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Federal sources--negative
subsidy from new business... 169
88.00 Federal sources--downward
reestimates.................
88.00 Federal sources--loan
modification................ 13
88.20 Interest on Federal securities 1,069
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ 1,251
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 1,251
----------------------------------------------------------------------------
Memorandum (non-add) entries:
92.02 Total investments, end of year:
Federal securities: Par value... 238
---------------------------------------------------------------------------
FHA--Mutual Mortgage and Cooperative Housing Insurance Funds Liquidating
Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4070-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
01.03 Acquisition of real properties.... 42 66 43
01.07 Capitalized expenses.............. 40 15 9
01.08 Loss mitigation activities........ 5 3 2
--------- --------- ----------
01.91 Total capital investment........ 87 84 54
02.02 Other Operation expenses.......... 14 11 11
--------- --------- ----------
10.00 Total new obligations........... 101 95 65
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 12 38 29
22.00 New budget authority (gross)...... 81 86 50
22.10 Resources available from
recoveries of prior year
obligations..................... 2
22.22 Unobligated balance transferred
from other accounts............. 44
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 139 124 79
23.95 Total new obligations............. -101 -95 -65
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 38 29 14
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
69.00 Spending authority from
offsetting collections
(gross): Offsetting
collections (cash)............ 81 86 50
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 276 266 266
73.10 Total new obligations............. 101 95 65
73.20 Total outlays (gross)............. -109 -95 -65
73.45 Recoveries of prior year
obligations..................... -2
--------- --------- ----------
74.40 Obligated balance, end of year.. 266 266 266
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 81 86 50
[[Page 561]]
86.98 Outlays from mandatory balances... 28 9 15
--------- --------- ----------
87.00 Total outlays (gross)........... 109 95 65
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.40 Fees and premiums............. -4 -10 -7
88.40 Recoveries on defaulted
mortgages................... -74 -76 -43
88.40 Other......................... -3
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -81 -86 -50
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays........................... 28 9 15
---------------------------------------------------------------------------
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4070-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 2 3 3
1264 Write-offs for default: Other
adjustments, net................ 1
--------- --------- ----------
1290 Outstanding, end of year........ 3 3 3
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4070-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 19,392 16,074 13,415
2251 Repayments and prepayments........ -3,275 -2,593 -2,245
2262 Adjustments: Terminations for
default that result in
acquisition of property......... -43 -66 -43
--------- --------- ----------
2290 Outstanding, end of year........ 16,074 13,415 11,127
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 16,074 13,415 11,127
----------------------------------------------------------------------------
Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:
2310 Outstanding, start of year...... 8
2331 Disbursements for guaranteed
loan claims................... 3 2 1
2361 Write-offs of loans receivable.. -10 -1
2364 Other adjustments, net.......... 5
--------- --------- ----------
2390 Outstanding, end of year...... 8
---------------------------------------------------------------------------
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.
In 2002, a new MMI capital reserve account was established to
maintain reserves required by statute that were previously deposited in
the liquidating account.
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)
2005 actual 2006 est. 2007 est.
Mortgage insurance written (in
fiscal year):
Units............................. 491,550 384,153 564,202
Amount (in millions of dollars)... $58,017 $48,594 $86,039
====================================
Insurance maintenance: Outstanding
balance of insurance in force,
end of year:
Mortgage insurance (in millions of
dollars)........................ $319,846 $321,858 $360,612
====================================
Financial condition.--The following tables reflect the revenues,
expenses and financial condition of the MMI/CMHI liquidating funds based
on Generally Accepted Accounting Principles.
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 86-4070-0-3-371
2004 actual\1\
2005 actual
-----------------------------------------------------------------------------------------------
ASSETS:
1101
Federal assets: Fund balances with Treasury
288
304
1206
Non-Federal assets: Receivables, net
26
24
Net value of assets related to
pre-1992 direct loans
receivable and acquired
defaulted guaranteed loans
receivable:
1701
Defaulted guaranteed loans, gross
9
8
1703
Allowance for estimated uncollectible loans and interest (-)
-2
-3
1704
Defaulted guaranteed loans and interest receivable, net
7
5
1706
Foreclosed property
13
16
1799
Value of assets related to loan guarantees
20
21
1901
Other Federal assets: Other assets
2
4
1999
Total assets
336
353
LIABILITIES:
Non-Federal liabilities:
2201
Accounts payable
236
227
2204
Liabilities for loan guarantees
85
53
2207
Unearned revenue and advances, and other
150
113
2999
Total liabilities
471
393
NET POSITION:
3300
Cumulative results of operations
-135
-40
3999
Total net position
-135
-40
4999
Total liabilities and net position
336
353
-----------------------------------------------------------------------------------------------
\1\ Estimated result on GAAP basis pending final audit.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4070-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
25.2 Other services.................... 14 10 11
32.0 Land and structures............... 82 82 52
42.0 Insurance claims and indemnities.. 5 3 2
--------- --------- ----------
99.9 Total new obligations........... 101 95 65
---------------------------------------------------------------------------
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,
[$8,800,000] $8,600,000, to remain available until ex
[[Page 562]]
pended: Provided, That commitments to guarantee loans shall not exceed
$35,000,000,000 in total loan principal, any part of which is to be
guaranteed.
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, [$231,400,000] $229,086,000, of
which [$211,400,000] $209,286,000 shall be transferred to the
appropriation for ``Salaries and Expenses''; and of which [$20,000,000]
$19,800,000 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, [$71,900,000] $78,111,000,
of which $10,692,000 shall be transferred to the Working Capital Fund:
Provided, That to the extent guaranteed loan commitments exceed
$8,426,000,000 on or before April 1, [2006] 2007, an additional $1,980
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.
(Department of Housing and Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0200-0-1-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.02 Guaranteed loan subsidy........... 4 5 7
00.04 Subsidy for loan modification..... 2
00.07 Reestimate of credit subsidy...... 634 441
00.08 Interest on reestimates of loan
guarantee subsidy............... 133 37
00.09 Administrative expenses, salaries
& expenses transfer............. 226 229 229
00.10 Administrative contract expenses.. 77 71 78
--------- --------- ----------
10.00 Total new obligations........... 1,076 783 314
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 77 52 56
22.00 New budget authority (gross)...... 1,058 787 316
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1,135 839 372
23.95 Total new obligations............. -1,076 -783 -314
23.98 Unobligated balance expiring or
withdrawn....................... -7
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 52 56 58
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 324 312 316
40.33 Appropriation permanently
reduced (P.L. 109-148)........ -3
40.35 Appropriation permanently
reduced (accross-the board
rescission)................... -30
40.36 Unobligated balance permanently
reduced (rescission).......... -3
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 291 309 316
Mandatory:
60.00 Appropriation................... 767 478
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 1,058 787 316
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 91 99 93
73.10 Total new obligations............. 1,076 783 314
73.20 Total outlays (gross)............. -1,061 -789 -316
73.40 Adjustments in expired accounts
(net)........................... -7
--------- --------- ----------
74.40 Obligated balance, end of year.. 99 93 91
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 248 292 299
86.93 Outlays from discretionary
balances........................ 46 19 17
86.97 Outlays from new mandatory
authority....................... 767 478
--------- --------- ----------
87.00 Total outlays (gross)........... 1,061 789 316
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 1,058 787 316
90.00 Outlays........................... 1,061 789 316
---------------------------------------------------------------------------
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0200-0-1-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Direct loan levels supportable by subsidy
budget authority:
115001Single-family PMMs................
115002Multifamily bridge loans..........
--------- --------- ----------
115901Total direct loan levels..........
Direct loan subsidy (in percent):
132001Single-family PMMs................ 0.00 0.00 0.00
132002Multifamily bridge loans.......... 0.00 0.00 0.00
--------- --------- ----------
132901Weighted average subsidy rate..... 0.00 0.00 0.00
Direct loan subsidy budget authority:
133001Single-family PMMs................
133002Multifamily bridge loans..........
--------- --------- ----------
133901Total subsidy budget authority....
Direct loan subsidy outlays:
134001Single-family PMMs................
134002Multifamily bridge loans..........
--------- --------- ----------
134901Total subsidy outlays.............
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
215001Apartments NC/SC.................. 1,249 1,800 1,800
215002221d3 NP/Coop owned apts.......... 3 30 52
215003Tax Credits NC.................... 853 850 1,300
215004Mixed Income (Hope d4)............
215005Apartments Refinance.............. 1,869 1,800 1,800
215006241a Supplemental Loans for Apts.. 10 10
215007Operating Loss Loans for Apts
(plus 232)...................... 1 1 1
215008HFA Risk Sharing.................. 166 150 200
215009GSE Risk Sharing.................. 20 20 35
215010FHA Full Insurance for Health Care
Facilities (plus 241/232)....... 192 190 190
215011Health Care Refinances............ 1,032 1,000 1,000
215012Hospitals......................... 784 750 750
215013Other Rental (incl
207(mhp),220,231)............... 55 55 55
215014Section 234: Condominiums......... 12,879 3,821 3,842
215015Section 203(k): Rehabilitation
Mortgages....................... 431 419 421
215016Home Equity Conversion Mortgages.. 6,092 13,717
215017Title 1 Property Improvement...... 51 73 73
215018Title 1 Manufactured Housing...... 67 104 104
--------- --------- ----------
215901Total loan guarantee levels....... 19,652 17,165 25,350
Guaranteed loan subsidy (in percent):
232001Apartments NC/SC.................. -0.03 -0.18 -3.63
232002221d3 NP/Coop owned apts.......... 10.58 9.74 6.31
232003Tax Credits NC.................... -4.45 -3.54 -2.78
232004Mixed Income (Hope d4)............ 0.00 0.00 0.00
232005Apartments Refinance.............. -2.46 -1.84 -4.42
232006241a Supplemental Loans for Apts.. 6.22 5.43 3.93
232007Operating Loss Loans for Apts
(plus 232)...................... 16.45 15.89 16.55
232008HFA Risk Sharing.................. -0.79 -0.67 -0.68
232009GSE Risk Sharing.................. -1.04 -0.83 -0.89
232010FHA Full Insurance for Health Care
Facilities (plus 241/232)....... -0.06 -0.76 -4.42
232011Health Care Refinances............ -1.80 -1.26 -3.47
232012Hospitals......................... -2.02 -1.76 -3.51
232013Other Rental (incl
207(mhp),220,231)............... -0.40 -0.73 -4.29
232014Section 234: Condominiums......... -0.40 -2.19 -1.49
232015Section 203(k): Rehabilitation
Mortgages....................... 0.59 -1.12 0.31
232016Home Equity Conversion Mortgages.. 0.00 -1.74 -1.21
232017Title 1 Property Improvement...... 1.92 1.79 0.97
232018Title 1 Manufactured Housing...... 0.12 1.10 0.83
--------- --------- ----------
232901Weighted average subsidy rate..... -0.85 -1.65 -1.86
Guaranteed loan subsidy budget authority:
233001Apartments NC/SC.................. -1 -3 -65
233002221d3 NP/Coop owned apts.......... 3 3
233003Tax Credits NC.................... -38 -30 -36
233004Mixed Income (Hope d4)............
233005Apartments Refinance.............. -46 -33 -80
[[Page 563]]
233006241a Supplemental Loans for Apts..
233007Operating Loss Loans for Apts
(plus 232)...................... 1
233008HFA Risk Sharing.................. -1 -1 -1
233009GSE Risk Sharing..................
233010FHA Full Insurance for Health Care
Facilities (plus 241/232)....... -8
233011Health Care Refinances............ -19 -13 -35
233012Hospitals......................... -16 -13 -26
233013Other Rental (incl
207(mhp),220,231)............... -2
233014Section 234: Condominiums......... -52 -84 -57
233015Section 203(k): Rehabilitation
Mortgages....................... 3 -5 1
233016Home Equity Conversion Mortgages.. -105 -166
233017Title 1 Property Improvement...... 1 1 1
233018Title 1 Manufactured Housing...... 1 1
233022Standby authority.................
--------- --------- ----------
233901Total subsidy budget authority.... -169 -282 -469
Guaranteed loan subsidy outlays:
234001Apartments NC/SC.................. -1 -2 -50
234002221d3 NP/Coop owned apts.......... 2 3
234003Tax Credits NC.................... -33 -32 -35
234004Mixed Income (Hope d4)............
234005Apartments Refinance.............. -45 -36 -68
234006241a Supplemental Loans for Apts..
234007Operating Loss Loans for Apts
(plus 232)......................
234008HFA Risk Sharing.................. -2 -1 -1
234009GSE Risk Sharing..................
234010FHA Full Insurance for Health Care
Facilities (plus 241/232)....... -1 -7
234011Health Care Refinances............ -18 -14 -29
234012Hospitals......................... -35 -14 -23
234013Other Rental (incl
207(mhp),220,231)............... -2
234014Section 234: Condominiums......... -52 -84 -57
234015Section 203(k): Rehabilitation
Mortgages....................... 3 -5 1
234016Home Equity Conversion Mortgages.. -105 -166
234017Title 1 Property Improvement...... 1 1 1
234018Title 1 Manufactured Housing...... 1 1
--------- --------- ----------
234901Total subsidy outlays............. -182 -290 -432
Guaranteed loan upward reestimate subsidy
budget authority:
235024General and Special Risk.......... 767 478
--------- --------- ----------
235901Total upward reestimate budget
authority....................... 767 478
Guaranteed loan downward reestimate subsidy
budget authority:
237024General and Special Risk.......... -208 -297
--------- --------- ----------
237901Total downward reestimate subsidy
budget authority................ -208 -297
----------------------------------------------------------------------------
Administrative expense data:
351001Budget authority.................. 311 300 307
358001Outlays from balances............. 47 18 14
359001Outlays from new authority........ 242 285 284
---------------------------------------------------------------------------
This account includes budget authority for 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.
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 implements a higher guarantee premium for multi-family
and health care loan guarantees to offset taxpayer costs for loans to
these developments. Loans for developments using low-income housing tax
credits will be exempt from this increase. The Budget also proposes a
consolidation of FHA single-family programs under the Mutual Mortgage
Insurance fund.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0200-0-1-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
25.1 Advisory and assistance services.. 67 60 67
25.2 Other services.................... 10 11 11
25.3 Other purchases of goods and
services from Government
accounts........................ 226 229 229
41.0 Grants, subsidies, and
contributions................... 773 483 7
--------- --------- ----------
99.9 Total new obligations........... 1,076 783 314
---------------------------------------------------------------------------
General and Special Risk Program Account
(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0200-2-1-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.02 Guaranteed loan subsidy........... -1
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... -1
----------------------------------------------------------------------------
Budgetary resources available for obligation:
23.95 Total new obligations............. 1
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 1
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. -1
--------- --------- ----------
74.40 Obligated balance, end of year.. -1
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0200-2-1-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
215014Section 234: Condominiums......... -3,842
215015Section 203(k): Rehabilitation
Mortgages....................... -421
215016Home Equity Conversion Mortgages.. -13,717
--------- --------- ----------
215901Total loan guarantee levels....... -17,980
Guaranteed loan subsidy (in percent):
232014Section 234: Condominiums......... 1.49
232015Section 203(k): Rehabilitation
Mortgages....................... -0.31
232016Home Equity Conversion Mortgages.. 1.21
--------- --------- ----------
232901Weighted average subsidy rate..... -1.52
Guaranteed loan subsidy budget authority:
233014Section 234: Condominiums......... 57
233015Section 203(k): Rehabilitation
Mortgages....................... -1
233016Home Equity Conversion Mortgages.. 166
--------- --------- ----------
233901Total subsidy budget authority.... 222
Guaranteed loan subsidy outlays:
234014Section 234: Condominiums......... 57
234015Section 203(k): Rehabilitation
Mortgages....................... -1
234016Home Equity Conversion Mortgages.. 166
--------- --------- ----------
234901Total subsidy outlays............. 222
---------------------------------------------------------------------------
-------
FHA--General and Special Risk Guaranteed Loan Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4077-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Capital investment, claims and other:
Capital investment, claims and other:
00.01 Default claims.................. 883 1,516 1,176
00.02 Interest paid to Treasury....... 93 95 95
00.03 Other capital investments and
operating expenses............ 199 376 615
[[Page 564]]
00.09 Asset sale positive subsidy
payment to the liquidating
account....................... 2
00.14 Contract Costs.................. 8 20 20
--------- --------- ----------
00.91 Direct Program by Activities--
Subtotal (1 level).......... 1,185 2,007 1,906
08.01 Payment of negative subsidy to
receipt account............... 247 294 476
08.02 Downward subsidy rate reestimate 127 203
08.04 Interest on subsidy rate
reestimates................... 81 94
--------- --------- ----------
08.91 Direct Program by Activities--
Subtotal (1 level).......... 455 591 476
--------- --------- ----------
10.00 Total new obligations......... 1,640 2,598 2,382
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 1,147 2,497 2,244
22.00 New financing authority (gross)... 3,022 2,445 2,081
22.10 Resources available from
recoveries of prior year
obligations..................... 2
22.60 Portion applied to repay debt..... -34 -100 -100
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 4,137 4,842 4,225
23.95 Total new obligations............. -1,640 -2,598 -2,382
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 2,497 2,244 1,843
----------------------------------------------------------------------------
New financing authority (gross), detail:
Mandatory:
67.10 Authority to borrow............. 772 500 500
Spending authority from offsetting
collections:
Mandatory:
69.00 Offsetting collections (cash). 2,385 1,945 1,581
69.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... 45
69.47 Portion applied to repay debt. -180
--------- --------- ----------
69.90 Spending authority from
offsetting collections
(total mandatory)......... 2,250 1,945 1,581
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 3,022 2,445 2,081
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 285 131 -113
73.10 Total new obligations............. 1,640 2,598 2,382
73.20 Total financing disbursements
(gross)......................... -1,747 -2,842 -2,344
73.45 Recoveries of prior year
obligations..................... -2
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... -45
--------- --------- ----------
74.40 Obligated balance, end of year.. 131 -113 -75
87.00 Total financing disbursements
(gross)......................... 1,747 2,842 2,344
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Payments from program account. -4 -5 -7
88.00 Gross Proceeds from sale of
mortgage notes (liquidating) -80 -6
88.00 Subsidy reestimate from
program account............. -767 -478
88.00 Payment from program account-
Asset Sale.................. -2
88.25 Interest on uninvested funds.. -147 -147 -147
88.40 Fees and premiums............. -612 -664 -729
88.40 Recoveries on defaulted
mortgages................... -153 -23 -105
88.40 Title I recoveries............ -23 -2 -1
88.40 Single family property
recoveries.................. -171 -433 -383
88.40 Gross Proceeds from Mortgage
Note Sales.................. -393 -86 -107
88.40 Multifamily property
recoveries.................. -1 -1 -2
88.40 Non-Federal Resources-other... -32 -100 -100
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -2,385 -1,945 -1,581
Against gross financing authority only:
88.95 Change in receivables from
program accounts.............. -45
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority............... 592 500 500
90.00 Financing disbursements........... -637 897 763
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4077-0-3-371 2005 actual\1\ 2006 est. 2007 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2111 Limitation on guaranteed loans
made by private lenders......... 35,000 35,000 35,000
2142 Uncommitted loan guarantee
limitation...................... -15,348 -17,835 -9,650
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 19,652 17,165 25,350
2199 Guaranteed amount of guaranteed
loan commitments................ 19,652 17,165 25,350
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 78,257 81,274 82,955
2231 Disbursements of new guaranteed
loans........................... 20,188 14,523 17,874
2251 Repayments and prepayments........ -16,288 -11,307 -11,716
Adjustments:
2261 Terminations for default that
result in loans receivable.... -617 -1,201 -811
2262 Terminations for default that
result in acquisition of
property...................... -235 -329 -361
2263 Terminations for default that
result in claim payments...... -31 -5 -4
--------- --------- ----------
2290 Outstanding, end of year........ 81,274 82,955 87,937
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 81,274 82,955 87,937
----------------------------------------------------------------------------
Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:
2310 Outstanding, start of year...... 704 655 2,098
2331 Disbursements for guaranteed
loan claims................... 709 1,555 1,456
2351 Repayments of loans receivable.. -615 -112 -214
2361 Write-offs of loans receivable.. -143
--------- --------- ----------
2390 Outstanding, end of year...... 655 2,098 3,340
---------------------------------------------------------------------------
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 (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 86-4077-0-3-371
2004 actual
2005 actual
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101
Fund balances with Treasury
1,432
2,628
Investments in US securities:
1106
Receivables, net
767
228
Non-Federal assets:
1201
Investments in non-Federal securities, net
4
6
1206
Receivables, net
17
13
Net value of assets related to
post-1991 acquired defaulted
guaranteed loans receivable:
1501
Defaulted guaranteed loans receivable, gross
704
655
1502
Interest receivable
73
60
1504
Foreclosed property
394
387
1505
Allowance for subsidy cost
-682
-655
1599
Net value of assets related to defaulted guaranteed loan
489
447
1901
Other Federal assets: Other assets
-12
92
1999
Total assets
2,697
3,414
LIABILITIES:
Federal liabilities:
2101
Accounts payable Intragovernmental
208
297
2103
Debt
800
1,310
2105
Other Federal Liabilities
87
Non-Federal liabilities:
2201
Accounts payable
36
49
2202
Interest payable
12
15
[[Page 565]]
2203
Non Federal Debt
34
48
2204
Liabilities for loan guarantees
1,409
1,564
2207
Other
111
131
2999
Total liabilities
2,697
3,414
4999
Total liabilities and net position
2,697
3,414
-----------------------------------------------------------------------------------------------
FHA--General and Special Risk Guaranteed Loan Financing Account
(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4077-2-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Capital investment, claims and other:
Capital investment, claims and other:
00.01 Default claims.................. -369
08.01 Payment of negative subsidy to
receipt account............... -223
--------- --------- ----------
10.00 Total new obligations......... -592
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New financing authority (gross)... -889
23.95 Total new obligations............. 592
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... -297
----------------------------------------------------------------------------
New financing authority (gross), detail:
Mandatory:
69.00 Spending authority from
offsetting collections
(gross): Offsetting
collections (cash)............ -889
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. -592
73.20 Total financing disbursements
(gross)......................... 1,428
--------- --------- ----------
74.40 Obligated balance, end of year.. 836
87.00 Total financing disbursements
(gross)......................... -1,428
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.00 Payments from program account. 1
88.40 Fees and premiums............. 497
88.40 Single family property
recoveries.................. 382
88.40 Gross Proceeds from Mortgage
Note Sales.................. 9
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ 889
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -539
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4077-2-3-371 2005 actual\1\ 2006 est. 2007 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2111 Limitation on guaranteed loans
made by private lenders.........
2142 Uncommitted loan guarantee
limitation...................... -17,980
--------- --------- ----------
2150 Total guaranteed loan
commitments................... -17,980
2199 Guaranteed amount of guaranteed
loan commitments................ -17,980
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........
2231 Disbursements of new guaranteed
loans........................... -9,123
2251 Repayments and prepayments........ 3,974
Adjustments:
2261 Terminations for default that
result in loans receivable.... 3
2262 Terminations for default that
result in acquisition of
property...................... 361
2263 Terminations for default that
result in claim payments...... 5
--------- --------- ----------
2290 Outstanding, end of year........ -4,780
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. -4,780
----------------------------------------------------------------------------
Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:
2310 Outstanding, start of year......
2331 Disbursements for guaranteed
loan claims................... -354
2351 Repayments of loans receivable..
2361 Write-offs of loans receivable..
--------- --------- ----------
2390 Outstanding, end of year...... -354
---------------------------------------------------------------------------
-------
FHA--General and Special Risk Direct Loan Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4105-0-3-371 2005 actual 2006 est. 2007 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:
22.00 New financing authority (gross)... 4 4
23.95 Total new obligations............. -4 -4
----------------------------------------------------------------------------
New financing authority (gross), detail:
Mandatory:
67.10 Authority to borrow............. 4 4
Spending authority from offsetting
collections:
Mandatory:
69.00 Offsetting collections (cash). 4 4
69.47 Portion applied to repay debt. -4 -4
--------- --------- ----------
69.90 Spending authority from
offsetting collections
(total mandatory).........
--------- --------- ----------
70.00 Total new financing authority
(gross)....................... 4 4
----------------------------------------------------------------------------
Change in obligated balances:
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:
88.40 Interest received on loans.... -1 -1
88.40 Repayment of Principal........ -3 -3
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -4 -4
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements...........
---------------------------------------------------------------------------
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4105-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on obligations:
1111 Limitation on direct loans........ 50 50 50
1142 Unobligated direct loan limitation
(-)............................. -50 -47 -47
--------- --------- ----------
1150 Total direct loan obligations... 3 3
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 2 2 2
1231 Disbursements: Direct loan
disbursements................... 4 4
1251 Repayments: Repayments and
prepayments..................... -4 -4
--------- --------- ----------
1290 Outstanding, end of year........ 2 2 2
---------------------------------------------------------------------------
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 Gen
[[Page 566]]
eral 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
2004 actual
2005 actual
-----------------------------------------------------------------------------------------------
ASSETS:
Net value of assets related to
post-1991 direct loans
receivable:
1401
Direct loans receivable, gross
2
1499
Net present value of assets related to direct loans
2
1999
Total assets
2
LIABILITIES:
Federal liabilities:
2103
Treasury borrowing
1
2104
Resources payable to Treasury
1
2999
Total liabilities
2
4999
Total liabilities and net position
2
-----------------------------------------------------------------------------------------------
FHA--Loan Guarantee Recovery Fund--Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4106-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Default Claims.................... 2
--------- --------- ----------
10.00 Total new obligations........... 2
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 5 3 3
22.00 New financing authority (gross)... 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 5 3 4
23.95 Total new obligations............. -2
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 3 3 4
----------------------------------------------------------------------------
New financing authority (gross), detail:
Discretionary:
68.00 Spending authority from
offsetting collections
(gross): Offsetting
collections (cash)............ 1
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. -1 -1 -2
73.10 Total new obligations............. 2
73.20 Total financing disbursements
(gross)......................... -2 -1 -1
--------- --------- ----------
74.40 Obligated balance, end of year.. -1 -2 -3
87.00 Total financing disbursements
(gross)......................... 2 1 1
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.25 Interest on uninvested funds.. -1
88.40 Non-Federal sources........... -1
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -1 -1
Against gross financing authority only:
88.96 Portion of offsetting
collections (cash) credited to
expired accounts.............. 1
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... 1
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4106-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2111 Limitation on guaranteed loans
made by private lenders.........
2121 Limitation available from carry-
forward......................... 2 2
2143 Uncommitted limitation carried
forward......................... -2
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 2
2199 Guaranteed amount of guaranteed
loan commitments................ 2
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 6 4 3
2231 Disbursements of new guaranteed
loans........................... 2
2251 Repayments and prepayments........ -3 -3
2263 Adjustments: Terminations for
default that result in claim
payments........................ -2
--------- --------- ----------
2290 Outstanding, end of year........ 4 3
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 4 3
---------------------------------------------------------------------------
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 86-4106-0-3-371
2004 actual
2005 actual
-----------------------------------------------------------------------------------------------
ASSETS:
1101
Federal assets: Fund balances with Treasury
4
3
1999
Total assets
4
3
LIABILITIES:
2204
Non-Federal liabilities: Liabilities for loan guarantees
4
3
2999
Total liabilities
4
3
4999
Total liabilities and net position
4
3
-----------------------------------------------------------------------------------------------
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. No loans have been made since
2004.
FHA--General and Special Risk Insurance Funds Liquidating Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4072-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
Operating expenses:
00.02 Interest on debentures.......... 17 25 25
00.03 Other operating costs........... 3 3
00.06 PAE & 3rd party restructuring
fees.......................... 20 36 10
--------- --------- ----------
00.91 Total operating expenses...... 37 64 38
Capital investment: Claims and other:
01.01 Acquisition of defaulted Title I
notes......................... 1 1 1
01.02 Assignment of mortgages......... 316 273 234
01.03 Debenture Claims................ -6
01.04 Mark-To-Market Restructures..... 199 582 94
01.05 Acquisition of real properties.. 7 4 2
01.10 Capitalized Expenses............ 2 66 56
01.11 Escrow Advances................. 164 105 100
01.12 Upfront Grants.................. 14 30
01.13 Other........................... 19 18 18
01.14 M&M Contract.................... 1 3 3
[[Page 567]]
01.16 Payment to the Financing
Account-Asset Sale............ 80 6
--------- --------- ----------
01.91 Total capital investment...... 797 1,088 508
--------- --------- ----------
10.00 Total new obligations........... 834 1,152 546
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 137 35
22.00 New budget authority (gross)...... 960 1,672 787
22.10 Resources available from
recoveries of prior year
obligations..................... 2
22.40 Capital transfer to general fund.. -137 -35
22.60 Portion applied to repay debt..... -93 -520 -241
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 869 1,152 546
23.95 Total new obligations............. -834 -1,152 -546
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 35
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 462 794 233
67.10 Authority to borrow............. -9 500 200
Mandatory:
69.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 507 378 354
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 960 1,672 787
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 543 607 811
73.10 Total new obligations............. 834 1,152 546
73.20 Total outlays (gross)............. -768 -948 -865
73.45 Recoveries of prior year
obligations..................... -2
--------- --------- ----------
74.40 Obligated balance, end of year.. 607 811 492
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 225 341 133
86.98 Outlays from mandatory balances... 543 607 732
--------- --------- ----------
87.00 Total outlays (gross)........... 768 948 865
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.00 Collections from the Financing
Account-Asset Sales......... -2
88.40 Fees and premiums............. -75 -68 -63
88.40 Proceeds from sale of real
property.................... -22 -39 -37
88.40 Proceeds from sale of mortgage
notes....................... -157 -142 -135
88.40 Foreclosure Sale..............
88.40 Recoveries on defaulted
mortgages................... -187 -61 -51
88.40 Interest, dividends and
revenue..................... -57 -55 -55
88.40 Other collections............. -7 -13 -13
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -507 -378 -354
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 453 1,294 433
90.00 Outlays........................... 261 570 511
----------------------------------------------------------------------------
Memorandum (non-add) entries:
92.01 Total investments, start of year:
Federal securities: Par value... 4 4 6
92.02 Total investments, end of year:
Federal securities: Par value... 4 6 6
---------------------------------------------------------------------------
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4072-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 20 15 10
1251 Repayments: Repayments and
prepayments..................... -5 -5 -5
--------- --------- ----------
1290 Outstanding, end of year........ 15 10 5
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4072-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 12,556 8,457 6,204
2251 Repayments and prepayments........ -3,576 -1,394 -510
Adjustments:
2261 Terminations for default that
result in loans receivable.... -516 -856 -329
2262 Terminations for default that
result in acquisition of
property...................... -7 -3 -2
--------- --------- ----------
2290 Outstanding, end of year........ 8,457 6,204 5,363
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 8,457 6,204 5,363
----------------------------------------------------------------------------
Addendum:
Cumulative balance of defaulted guaranteed
loans that result in loans receivable:
2310 Outstanding, start of year...... 2,773 2,983 3,771
2331 Disbursements for guaranteed
loan claims................... 516 856 329
2351 Repayments of loans receivable.. -182 -60 -51
2361 Write-offs of loans
receivable\1\................. -83 -8 -6
2364 Other adjustments, net.......... -41
--------- --------- ----------
2390 Outstanding, end of year...... 2,983 3,771 4,043
---------------------------------------------------------------------------
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.
Restructuring authorities under the Multifamily Assisted Housing
Reform and Affordability Act of 1997 expire at the end of fiscal year
2006 except for binding commitments entered into prior to October 1,
2006.
Financial Condition.--The following tables reflect the revenues,
expenses, and financial condition of the GI/SRI Liquidating Account
based on Generally Accepted Accounting Principles.
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 86-4072-0-3-371
2004 actual\1\
2005 actual
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
1101
Fund balances with Treasury
676
638
Investments in US securities:
1102
Treasury securities, par
4
4
Non-Federal assets:
1201
Investments in non-Federal securities, net
3
3
1206
Receivables, net
53
59
Net value of assets related to
pre-1992 direct loans
receivable and acquired
defaulted guaranteed loans
receivable:
1601
Direct loans, gross
20
15
1699
Value of assets related to direct loans
20
15
1701
Defaulted guaranteed loans, gross
2,773
2,983
1702
Interest receivable
137
143
1703
Allowance for estimated uncollectible loans and interest (-)
-914
-851
1704
Defaulted guaranteed loans and interest receivable, net
1,996
2,275
1706
Foreclosed property
1
8
1799
Value of assets related to loan guarantees
1,997
2,283
1901
Other Federal assets: Other assets
145
-12
[[Page 568]]
1999
Total assets
2,898
2,990
LIABILITIES:
2105
Federal liabilities: Other Liabilities
47
47
Non-Federal liabilities:
2201
Accounts payable
-8
26
2202
Interest payable
14
14
2203
Debt
149
82
2204
Liabilities for loan guarantees
2,264
1,164
2207
Unearned revenue and advances
321
21
2999
Total liabilities
2,787
1,354
NET POSITION:
3100
Appropriated capital
1,686
1,683
3300
Cumulative results of operations
-1,575
-47
3999
Total net position
111
1,636
4999
Total liabilities and net position
2,898
2,990
-----------------------------------------------------------------------------------------------
\1\ Preliminary pending final audit.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4072-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
25.2 Other services.................... 40 40 40
32.0 Land and structures............... 23 131 131
33.0 Investments and loans............. 674 931 325
43.0 Interest and dividends............ 17 30 30
44.0 Repayments to financing account... 80 20 20
--------- --------- ----------
99.9 Total new obligations........... 834 1,152 546
---------------------------------------------------------------------------
Housing for the Elderly or Handicapped Fund Liquidating Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4115-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.02 Maintenance security and
collateral...................... 1 15 15
01.01 Operating expenses: Interest on
borrowings...................... 91 80 80
--------- --------- ----------
10.00 Total new obligations........... 92 95 95
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 28 2
22.00 New budget authority (gross)...... 94 95 95
22.40 Capital transfer to general fund.. -28 -2
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 94 95 95
23.95 Total new obligations............. -92 -95 -95
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 2
----------------------------------------------------------------------------
New budget authority (gross), detail:
Spending authority from offsetting
collections:
Mandatory:
69.00 Offsetting collections (cash). 1,058 800 700
69.47 Portion applied to repay debt. -964 -705 -605
--------- --------- ----------
69.90 Spending authority from
offsetting collections
(total mandatory)......... 94 95 95
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 84 48 48
73.10 Total new obligations............. 92 95 95
73.20 Total outlays (gross)............. -128 -95 -95
--------- --------- ----------
74.40 Obligated balance, end of year.. 48 48 48
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 94 95 95
86.98 Outlays from mandatory balances... 34
--------- --------- ----------
87.00 Total outlays (gross)........... 128 95 95
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.40 Offsetting collections (cash)
from: Non-Federal sources..... -1,058 -800 -700
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. -964 -705 -605
90.00 Outlays........................... -930 -705 -605
---------------------------------------------------------------------------
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4115-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 6,991 6,502 6,102
1231 Disbursements: Direct loan
disbursements................... 10
1251 Repayments: Repayments and
prepayments..................... -489 -400 -400
1264 Write-offs for default: Other
adjustments, net................ -10
--------- --------- ----------
1290 Outstanding, end of year........ 6,502 6,102 5,702
---------------------------------------------------------------------------
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.
Financing.--Repayments and interest income from loans continue to be
available to pay for commitments of the fund.
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 86-4115-0-3-371
2004 actual
2005 actual
-----------------------------------------------------------------------------------------------
ASSETS:
1101
Federal assets: Fund balances with Treasury
111
51
Net value of assets related to
pre-1992 direct loans
receivable and acquired
defaulted guaranteed loans
receivable:
1601
Direct loans, gross
6,991
6,502
1602
Interest receivable
78
70
1603
Allowance for estimated uncollectible loans and interest (-)
-17
-19
1604
Direct loans and interest receivable, net
7,052
6,553
1606
Acquired Real Property
31
7
1699
Value of assets related to direct loans
7,083
6,560
1999
Total assets
7,194
6,611
LIABILITIES:
Federal liabilities:
2102
Interest payable
81
46
2103
Debt
1,203
239
2104
Resources payable to Treasury
4,266
2207
Non-Federal liabilities: Other
18
19
2999
Total liabilities
5,568
304
[[Page 569]]
NET POSITION:
3100
Unexpended Appropriations
19
18
3300
Revolving Fund: Cumulative results of operations
1,607
6,289
3999
Total net position
1,626
6,307
4999
Total liabilities and net position
7,194
6,611
-----------------------------------------------------------------------------------------------
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4115-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
32.0 Land and structures............... 1 15 15
43.0 Interest and dividends............ 91 80 80
--------- --------- ----------
99.9 Total new obligations........... 92 95 95
---------------------------------------------------------------------------
Manufactured Housing Fees Trust Fund
Special and Trust Fund Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-8119-0-7-376 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............
--------- --------- ----------
01.99 Balance, start of year............
Receipts:
02.00 Mobile home inspection and
monitoring fees, Manufactured
housing fee trust fund.......... 9 13 13
Appropriations:
05.00 Manufactured housing fees trust
fund............................ -9 -13 -13
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-8119-0-7-376 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Transfer to salaries and expenses. 1 2 2
00.02 Other program costs............... 8 11 11
--------- --------- ----------
10.00 Total new obligations (object
class 25.2)................... 9 13 13
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 3 4 4
22.00 New budget authority (gross)...... 9 13 13
23.33 Adjustment for changes in
allocation...................... 1
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 13 17 17
23.95 Total new obligations............. -9 -13 -13
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 4 4 4
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.26 Appropriation (trust fund)...... 9 13 13
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 2 1 1
73.10 Total new obligations............. 9 13 13
73.20 Total outlays (gross)............. -10 -13 -13
--------- --------- ----------
74.40 Obligated balance, end of year.. 1 1 1
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 5 10 10
86.93 Outlays from discretionary
balances........................ 5 3 3
--------- --------- ----------
87.00 Total outlays (gross)........... 10 13 13
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 9 13 13
90.00 Outlays........................... 10 13 13
---------------------------------------------------------------------------
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 to any dispute resolution and
installation program participant. These fees 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.
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.
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.
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.
The Budget proposes discretionary appropriations for all of Ginnie
Mae's administrative expenses. By bringing these growing costs under the
full purview of the appropriators and eliminating Ginnie Mae's mandatory
spending authority, this proposal treats Ginnie Mae's administrative
expenses like those of other HUD programs. The Budget also proposes to
charge Ginnie Mae issuers an upfront fee to offset the administrative
expenses of the program. For 2007, the upfront fee assessed on new
guarantees of mortgage-backed securities would be slightly over 6 basis
points (6 cents for every $100 of mortgages). The fee level would vary
in future years with changes in the estimated administrative expenses
and estimated volume of new guarantees of mortgage-backed securities.
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] $100,000,000,000, to remain
available until September 30, [2007] 2008.
[[Page 570]]
For administrative expenses necessary to carry out the guaranteed
mortgage-backed securities program, [$10,700,000] $54,000,000, to be
derived from the GNMA guarantees of mortgage-backed securities
guaranteed loan receipt account, of which not to exceed [$10,700,000]
$10,593,000, shall be transferred to the appropriation for ``Salaries
and Expenses'': Provided, That to the extent new guarantees of mortgage-
backed securities exceed $43,000,000,000 on or before April 1, 2007, an
additional $1,000 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 $14,000,000.
(Department of Housing and Urban Development Appropriations Act, 2006.)
Special and Trust Fund Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0186-0-1-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............ 2,478 2,685 2,879
--------- --------- ----------
01.99 Balance, start of year............ 2,478 2,685 2,879
Receipts:
02.20 GNMA-guarantees of mortgage backed
securities guarantee loans,
Negative subsidies.............. 218 205 181
02.21 GNMA-guarantees of mortgage backed
securities guarantee loans,
Negative subsidies--legislative
proposal not subject to PAYGO... 54
--------- --------- ----------
02.99 Total receipts and collections.. 218 205 235
--------- --------- ----------
04.00 Total: Balances and collections... 2,696 2,890 3,114
Appropriations:
05.00 Guarantees of mortgage-backed
securities loan guarantee
program account................. -11 -11 -11
05.01 Guarantees of mortgage-backed
securities loan guarantee
program account--legislative
proposal not subject to PAYGO... -43
--------- --------- ----------
05.99 Total appropriations............ -11 -11 -54
--------- --------- ----------
07.99 Balance, end of year.............. 2,685 2,879 3,060
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0186-0-1-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.09 Administrative expenses, salaries
and expenses.................... 11 11 11
--------- --------- ----------
10.00 Total new obligations (object
class 25.3)................... 11 11 11
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 11 11 11
23.95 Total new obligations............. -11 -11 -11
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.20 Appropriation (special fund).... 11 11 11
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 11 11 11
73.20 Total outlays (gross)............. -11 -11 -11
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 11 11 11
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 11 11 11
90.00 Outlays........................... 11 11 11
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
2005 actual 2006 est. 2007 est.
Enacted/requested:
Budget Authority............ 11 11 11
Outlays..................... 11 11 11
Legislative proposal, not subject to
PAYGO:
Budget Authority............ 43
Outlays..................... 43
------------------------------------
Total:
Budget Authority............ 11 11 54
Outlays..................... 11 11 54
====================================
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0186-0-1-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
215001Ginnie Mae mortgage-backed
securities...................... 112,519 89,000 86,000
--------- --------- ----------
215901Total loan guarantee levels....... 112,519 89,000 86,000
Guaranteed loan subsidy (in percent):
232001Ginnie Mae mortgage-backed
securities...................... -0.23 -0.23 -0.21
--------- --------- ----------
232901Weighted average subsidy rate..... -0.23 -0.23 -0.21
Guaranteed loan subsidy budget authority:
233001Ginnie Mae mortgage-backed
securities...................... -218 -205 -181
--------- --------- ----------
233901Total subsidy budget authority.... -218 -205 -181
Guaranteed loan subsidy outlays:
234001Ginnie Mae mortgage-backed
securities...................... -218 -205 -181
234002Standby commitment authority......
--------- --------- ----------
234901Total subsidy outlays............. -218 -205 -181
----------------------------------------------------------------------------
Administrative expense data:
351001Budget authority.................. 11 11 11
359001Outlays from new authority........ 11 11 11
---------------------------------------------------------------------------
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 Loan Guarantee Program Account
(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0186-2-1-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.09 Administrative expenses, salaries
and expenses.................... 43
--------- --------- ----------
10.00 Total new obligations (object
class 25.2)................... 43
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 43
23.95 Total new obligations............. -43
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.20 Appropriation (special fund).... 43
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 43
73.20 Total outlays (gross)............. -43
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 43
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 43
90.00 Outlays........................... 43
---------------------------------------------------------------------------
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0186-2-1-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Guaranteed loan levels supportable by subsidy
budget authority:
215001Ginnie Mae mortgage-backed
securities......................
--------- --------- ----------
215901Total loan guarantee levels.......
Guaranteed loan subsidy (in percent):
232001Ginnie Mae mortgage-backed
securities...................... -0.06
--------- --------- ----------
[[Page 571]]
232901Appropriation [S&E]............... -0.06
Guaranteed loan subsidy budget authority:
233001Ginnie Mae mortgage-backed
securities...................... -54
--------- --------- ----------
233901Total subsidy budget authority.... -54
Guaranteed loan subsidy outlays:
234001Ginnie Mae mortgage-backed
securities...................... -54
234002Standby commitment authority......
--------- --------- ----------
234901Total subsidy outlays............. -54
----------------------------------------------------------------------------
Administrative expense data:
351001Budget authority.................. 43
359001Outlays from new authority........ 43
---------------------------------------------------------------------------
Guarantees of Mortgage-Backed Securities Financing Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4240-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.03 Advances and other................ 39 49 59
00.04 Operating expenses................ 19 27 28
--------- --------- ----------
00.91 Direct Program by Activities--
Subtotal (1 level)............ 58 76 87
08.01 Payment to receipt account for
negative subsidy................ 219 205 181
08.02 Deduction for prior year's
overpayment to receipt account.. -11
--------- --------- ----------
08.91 Direct Program by Activities--
Subtotal (1 level)............ 219 194 181
--------- --------- ----------
10.00 Total new obligations........... 277 270 268
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 810 965 1,098
22.00 New financing authority (gross)... 432 403 405
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 1,242 1,368 1,503
23.95 Total new obligations............. -277 -270 -268
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 965 1,098 1,235
----------------------------------------------------------------------------
New financing authority (gross), detail:
Mandatory:
69.00 Spending authority from
offsetting collections
(gross): Offsetting
collections (cash)............ 432 403 405
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 58 51 62
73.10 Total new obligations............. 277 270 268
73.20 Total financing disbursements
(gross)......................... -284 -259 -262
--------- --------- ----------
74.40 Obligated balance, end of year.. 51 62 68
87.00 Total financing disbursements
(gross)......................... 284 259 262
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
Offsetting collections (cash)
from:
88.25 Interest on uninvested funds.. -49 -55 -62
88.40 Guarantee Fees................ -285 -246 -233
88.40 Commitment and other fees..... -31 -24 -28
88.40 Multiclass fees............... -21 -22 -23
88.40 Repayment of advances......... -32 -42 -43
88.40 Servicing Fees................ -2 -2 -4
88.40 Repayment on Mortgages........ -12 -12 -12
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -432 -403 -405
----------------------------------------------------------------------------
Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -149 -144 -143
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4240-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Position with respect to appropriations act
limitation on commitments:
2111 Limitation on guaranteed loans
made by private lenders......... 200,000 200,000 100,000
2121 Limitation available from carry-
forward......................... 90,986 178,467 200,000
2143 Uncommitted limitation carried
forward......................... -178,467 -200,000 -100,000
--------- --------- ----------
2150 Total guaranteed loan
commitments................... 112,519 178,467 200,000
2199 Guaranteed amount of guaranteed
loan commitments................ 112,519 178,467 200,000
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 453,163 412,304 395,247
2231 Disbursements of new guaranteed
loans........................... 90,286 89,000 86,000
2251 Repayments and prepayments........ -131,145 -106,057 -76,100
--------- --------- ----------
2290 Outstanding, end of year........ 412,304 395,247 405,147
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of year.. 412,304 395,247 405,147
---------------------------------------------------------------------------
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 86-4240-0-3-371
2004 actual
2005 actual
-----------------------------------------------------------------------------------------------
ASSETS:
1101
Federal assets: Fund balances with Treasury
868
1,016
1206
Non-Federal assets: Receivables, net
25
29
Net value of assets related to
pre-1992 direct loans
receivable and acquired
defaulted guaranteed loans
receivable:
1601
Direct loans, gross
40
37
1603
Allowance for estimated uncollectible loans and interest (-)
-7
-8
1699
Value of assets related to direct loans
33
29
1803
Other Federal assets: Property, plant and equipment, net
385
382
1999
Total assets
1,311
1,456
LIABILITIES:
Non-Federal liabilities:
2201
Accounts payable
82
92
2207
Other
398
382
2999
Total liabilities
480
474
NET POSITION:
3300
Cumulative results of operations
831
982
3999
Total net position
831
982
4999
Total liabilities and net position
1,311
1,456
-----------------------------------------------------------------------------------------------
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 Financing Account
(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4240-2-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
08.01 Payment to receipt account for
negative subsidy................ 54
--------- --------- ----------
10.00 Total new obligations........... 54
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New financing authority (gross)... 54
23.95 Total new obligations............. -54
----------------------------------------------------------------------------
New financing authority (gross), detail:
Mandatory:
69.00 Spending authority from
offsetting collections
(gross): Offsetting
collections (cash)............ 54
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 54
--------- --------- ----------
74.40 Obligated balance, end of year.. 54
87.00 Total financing disbursements
(gross).........................
----------------------------------------------------------------------------
Offsets:
Against gross financing authority and
financing disbursements:
88.40 Offsetting collections (cash)
from: Upfront fees............ -54
----------------------------------------------------------------------------
[[Page 572]]
Net financing authority and financing
disbursements:
89.00 Financing authority...............
90.00 Financing disbursements........... -54
---------------------------------------------------------------------------
Guarantees of Mortgage-Backed Securities Liquidating Account
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4238-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Administrative contract expenses.. 43 57 43
Operating expenses:
00.03 Servicing expenses.............. 2 3 4
--------- --------- ----------
00.91 Total operating expenses...... 45 60 47
Capital investment:
01.01 Advances of guaranty payments... 6 45 45
--------- --------- ----------
10.00 Total new obligations........... 51 105 92
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 7,543 7,918 8,306
22.00 New budget authority (gross)...... 426 493 481
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 7,969 8,411 8,787
23.95 Total new obligations............. -51 -105 -92
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 7,918 8,306 8,695
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
60.00 Appropriation................... 57 43
Mandatory:
69.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 426 436 438
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 426 493 481
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of
year\1\......................... -22 -8 -104
73.10 Total new obligations............. 51 105 92
73.20 Total outlays (gross)............. -37 -201 -146
--------- --------- ----------
74.40 Obligated balance, end of year.. -8 -104 -158
----------------------------------------------------------------------------
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 37 114 86
86.98 Outlays from mandatory balances... 87 60
--------- --------- ----------
87.00 Total outlays (gross)........... 37 201 146
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash)
from:
88.20 Interest on Federal securities -408 -420 -427
88.40 Repayments of guaranteed
payments.................... -13 -12 -8
88.40 Servicing income.............. -2 -2 -1
88.40 Repayments on mortgages....... -3 -2 -2
--------- --------- ----------
88.90 Total, offsetting
collections (cash)........ -426 -436 -438
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 57 43
90.00 Outlays........................... -390 -235 -292
----------------------------------------------------------------------------
Memorandum (non-add) entries:
92.01 Total investments, start of year:
Federal securities: Par value... 7,562 7,949 8,267
92.02 Total investments, end of year:
Federal securities: Par value... 7,949 8,267 8,597
---------------------------------------------------------------------------
\1\ This line nets unpaid obligations and offsetting collections
from new Federal sources.
Summary of Budget Authority and Outlays
(in millions of dollars)
2005 actual 2006 est. 2007 est.
Enacted/requested:
Budget Authority............ 57 43
Outlays..................... -389 -235 -292
Legislative proposal, not subject to
PAYGO:
Budget Authority............ -43
Outlays..................... -43
------------------------------------
Total:
Budget Authority............ 57
Outlays..................... -389 -235 -335
====================================
Status of Direct Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4238-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Cumulative balance of direct loans
outstanding:
1210 Outstanding, start of year........ 12 10 11
1232 Disbursements: Purchase of loans
assets from the public.......... 6 45 45
1252 Repayments: Proceeds from loan
asset sales to the public or
discounted...................... -8 -8 -8
1263 Write-offs for default: Direct
loans........................... -36 -27
--------- --------- ----------
1290 Outstanding, end of year........ 10 11 21
---------------------------------------------------------------------------
Status of Guaranteed Loans (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4238-0-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Cumulative balance of guaranteed loans
outstanding:
2210 Outstanding, start of year........ 96 82 67
2251 Repayments and prepayments........ -14 -15 -15
--------- --------- ----------
2290 Outstanding, end of year........ 82 67 52
----------------------------------------------------------------------------
Memorandum:
2299 Guaranteed amount of guaranteed
loans outstanding, end of
year\1\......................... 82 67 52
---------------------------------------------------------------------------
Balance Sheet (in millions of dollars)
-----------------------------------------------------------------------------------------------
Identification code 86-4238-0-3-371
2004 actual
2005 actual
-----------------------------------------------------------------------------------------------
ASSETS:
Federal assets:
Investments in US securities:
1102
Treasury securities, par
7,540
7,921
1106
Receivables, net
63
50
1206
Non-Federal assets: Receivables, net
7
11
Net value of assets related to
pre-1992 direct loans
receivable and acquired
defaulted guaranteed loans
receivable:
1601
Direct loans, gross
12
10
1603
Allowance for estimated uncollectible loans and interest (-)
-9
-9
1699
Value of assets related to direct loans
3
1
1999
Total assets
7,613
7,983
LIABILITIES:
Non-Federal liabilities:
2201
Accounts payable
38
42
2207
Other
505
509
2999
Total liabilities
543
551
NET POSITION:
3300
Cumulative results of operations
7,070
7,432
3999
Total net position
7,070
7,432
4999
Total liabilities and net position
7,613
7,983
-----------------------------------------------------------------------------------------------
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 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
25.2 Other services.................... 45 60 47
[[Page 573]]
33.0 Investments and loans............. 6 45 45
--------- --------- ----------
99.9 Total new obligations........... 51 105 92
---------------------------------------------------------------------------
Guarantees of Mortgage-Backed Securities Liquidating Account
(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4238-2-3-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Administrative contract expenses.. -43
--------- --------- ----------
10.00 Total new obligations (object
class 25.2)................... -43
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... -43
23.95 Total new obligations............. 43
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year..........
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... -43
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. -43
73.20 Total outlays (gross)............. 43
--------- --------- ----------
74.40 Obligated balance, end of year..
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... -43
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. -43
90.00 Outlays........................... -43
---------------------------------------------------------------------------
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, [$56,350,000]
$68,360,000, to remain available until September 30, [2007] 2008:
Provided, [That of the total amount provided under this heading,
$5,000,000 shall be for the Partnership for Advancing Technology in
Housing (PATH) Initiative: Provided further, That of the amounts made
available for PATH under this heading, $2,500,000 shall not be subject
to the requirements of section 305 of this title: Provided further, That
the Office of Housing shall administer PATH: Provided further, That of
funds made available under this heading, $750,000 shall be transferred
to the National Research Council for a study in accordance with the
statement of the managers accompanying this Act: Provided further,] That
of the funds made available under this heading, [$20,600,000]
$28,710,000 is for grants pursuant to section 107 of the Housing and
Community Development Act of 1974, as amended, as follows: [$3,000,000]
$2,970,000 to support Alaska Native serving institutions and Native
Hawaiian serving institutions as defined under the Higher Education Act,
as amended; [$2,600,000] $2,574,000 for tribal colleges and universities
to build, expand, renovate, and equip their facilities and to expand the
role of the colleges into the community through the provision of needed
services such as health programs, job training and economic development
activities; [$9,000,000] $8,910,000 for the Historically Black Colleges
and Universities program, of which up to [$2,000,000] $990,000 may be
used for technical assistance; [and $6,000,000] $5,940,000 for the
Hispanic Serving Institutions Program; $5,940,000 for the Community
Outreach Partnership Center Program; and $2,376,000 for the Community
Development Work Study Program: Provided further, That activities for
the Partnership for Advancing Technology in Housing Initiative shall be
administered by the Office of Policy Development and Research.
(Department of Housing and Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0108-0-1-451 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Housing Research.................. 37 33 39
00.02 PATH.............................. 9 6
00.03 University Programs............... 20 29
--------- --------- ----------
10.00 Total new obligations........... 46 59 68
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 5 4
22.00 New budget authority (gross)...... 45 55 68
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 50 59 68
23.95 Total new obligations............. -46 -59 -68
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 4
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 46 56 68
40.33 Appropriation permanently
reduced (P.L. 109-148)........ -1
40.35 Appropriation permanently
reduced....................... -1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 45 55 68
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 36 34 44
73.10 Total new obligations............. 46 59 68
73.20 Total outlays (gross)............. -47 -49 -62
73.40 Adjustments in expired accounts
(net)........................... -1
--------- --------- ----------
74.40 Obligated balance, end of year.. 34 44 50
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 24 22 28
86.93 Outlays from discretionary
balances........................ 23 27 34
--------- --------- ----------
87.00 Total outlays (gross)........... 47 49 62
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 45 55 68
90.00 Outlays........................... 47 49 62
---------------------------------------------------------------------------
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 2007, the research program includes funds for program evaluations
and for work related to the removal of barriers to affordable housing.
National housing surveys will continue in 2007. Set-aside funds are not
requested for the Partnership for Advancing Technology (PATH) program in
2007, but PATH will remain an eligible activity under the Research and
Technology account and will be administered by the Office of Policy
Development and Research. Research and evaluation activities will
support the Department in carrying out its responsibilities under the
Government Performance and Results Act.
As in 2006 the University Partnership Program grants will be funded
from the Research and Technology account. These grants, pursuant to
Section 107 of the Housing and Community Development Act of 1974, were
funded prior to 2006 under the Community Development Block Grant
account. These programs were and will continue to be administered by the
Office of Policy Development and Research. The University Partnership
Programs provide grants to colleges and universities to assist
institutions of higher education in forming partnerships with the
communities in which they are
[[Page 574]]
located to undertake a range of activities that foster and achieve
neighborhood development and revitalization. Funds also support a work
study program for disadvantaged and minority students in graduate level
community building curricula. The University Partnership Programs
include the following: Alaska Native and Native Hawaiian Serving
Institutions program, Tribal Colleges and University program,
Historically Black Colleges and Universities program, Community Outreach
Partnerships program, Hispanic Serving Institutions program and the
Community Development Work Study Program.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0108-0-1-451 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
25.2 Other services.................... 43 36 37
41.0 Grants, subsidies, and
contributions................... 3 23 31
--------- --------- ----------
99.9 Total new obligations........... 46 59 68
---------------------------------------------------------------------------
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] $44,550,000, to remain available until September 30,
[2007] 2008, of which [$20,000,000] $19,800,000 shall be to carry out
activities pursuant to such section 561: Provided, That notwithstanding
31 U.S.C. 3302, the Secretary may assess and collect fees to cover the
costs of the Fair Housing Training Academy, and may use such funds to
provide such training: Provided further, 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. (Department of Housing and Urban Development
Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0144-0-1-751 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Fair housing assistance........... 24 25 26
00.02 Fair housing initiatives.......... 21 22 22
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 45 47 48
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 8 10 9
22.00 New budget authority (gross)...... 46 46 45
22.10 Resources available from
recoveries of prior year
obligations..................... 2
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 56 56 54
23.95 Total new obligations............. -45 -47 -48
23.98 Unobligated balance expiring or
withdrawn....................... -1
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 10 9 6
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 47 46 45
40.35 Appropriation permanently
reduced....................... -1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 46 46 45
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 65 61 62
73.10 Total new obligations............. 45 47 48
73.20 Total outlays (gross)............. -47 -46 -46
73.45 Recoveries of prior year
obligations..................... -2
--------- --------- ----------
74.40 Obligated balance, end of year.. 61 62 64
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 1 3 3
86.93 Outlays from discretionary
balances........................ 46 43 43
--------- --------- ----------
87.00 Total outlays (gross)........... 47 46 46
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 46 46 45
90.00 Outlays........................... 47 46 46
---------------------------------------------------------------------------
The Budget proposes an appropriation of $44.5 million in 2007 to
fund fair housing activities that support efforts to end housing
discrimination. Of the amount requested, $24.75 million is for the Fair
Housing Assistance Program and $19.8 million is for the Fair Housing
Initiatives Program.
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
will also address the persistent high rate of discrimination against
minorities as identified by the 2000 Housing Discrimination Study. It is
estimated that the number of new State and local agencies with laws
equivalent to the Fair Housing Act will increase to 108 in 2007 from 106
in 2006.
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
Federal Funds
General and special funds:
Lead Hazard Reduction
For the Lead Hazard Reduction Program, as authorized by section 1011
of the Residential Lead-Based Paint Hazard Reduction Act of 1992,
[$152,000,000] $114,840,000, to remain available until September 30,
[2007] 2008, of which [$9,500,000] $8,712,000 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 diseases
and hazards: Provided, That for purposes of environmental review,
pursuant to the National Environmental Policy Act of 1969 (42 U.S.C.
4321 et seq.) and other provisions of law that further the purposes of
such Act, a grant under the Healthy Homes Initiative, Operation Lead
Elimination Action Plan (LEAP), or the Lead Technical Studies program
under this heading or under prior appropriations Acts for such purposes
under this heading, shall be considered to be funds for a special
project for purposes of section 305(c) of the Multifamily Housing
Property Disposition Reform Act of 1994[: Provided further, That of the
total amount made available under this heading, $48,000,000 shall be
made available on a competitive basis for areas with the highest lead
paint abatement needs, as identified by the Secretary as having: (1) the
highest number of occupied pre-1940 units of rental housing; and (2) a
disproportionately high number of documented cases of lead-poisoned
children: Provided further, That each grantee receiving funds under the
previous proviso shall target those privately owned units and
multifamily buildings that are occupied by low-income fami
[[Page 575]]
lies as defined under section 3(b)(2) of the United States Housing Act
of 1937: Provided further, That not less than 90 percent of the funds
made available under this paragraph shall be used exclusively for
abatement, inspections, risk assessments, temporary relocations and
interim control of lead-based hazards as defined by 42 U.S.C. 4851:
Provided further, That each recipient of funds provided under the first
proviso shall make a matching contribution in an amount not less than 25
percent: Provided further, That each applicant shall submit a detailed
plan and strategy that demonstrates adequate capacity that is acceptable
to the Secretary to carry out the proposed use of funds pursuant to a
Notice of Funding Availability]. (Department of Housing and Urban
Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0174-0-1-451 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Lead abatement.................... 29 211 165
--------- --------- ----------
10.00 Total new obligations (object
class 41.0)................... 29 211 165
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 10 159 98
22.00 New budget authority (gross)...... 167 150 115
22.10 Resources available from
recoveries of prior year
obligations..................... 12
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 189 309 213
23.95 Total new obligations............. -29 -211 -165
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 159 98 48
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 168 152 115
40.33 Appropriation permanently
reduced (P.L. 109-148)........ -2
40.35 Appropriation permanently
reduced....................... -1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 167 150 115
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 429 313 385
73.10 Total new obligations............. 29 211 165
73.20 Total outlays (gross)............. -133 -139 -150
73.40 Adjustments in expired accounts
(net)........................... -1
73.45 Recoveries of prior year
obligations..................... -12
--------- --------- ----------
74.40 Obligated balance, end of year.. 313 385 400
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 3 2
86.93 Outlays from discretionary
balances........................ 133 136 148
--------- --------- ----------
87.00 Total outlays (gross)........... 133 139 150
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 167 150 115
90.00 Outlays........................... 133 139 150
---------------------------------------------------------------------------
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 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 2007 Budget includes $91.67 million for HUD's
Lead Hazard Control Program competitive grants and $8.71 million for
operation LEAP. The Technical Support Program is funded at $5.74 million
and the Healthy Homes Initiative is funded at $8.71 million. Operation
LEAP funds will be used to leverage other private and public sector
resources for the lead hazard control program.
The Lead Hazard Control Grant Program provides grants of $1 million
to $2.5 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 housing maintenance and rehabilitation
workforce trained in lead-safe work practices and a certified hazard
evaluation and control industry. 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 assess
and control housing-related hazards that contribute to childhood
diseases and injuries. The initiative will demonstrate and evaluate
methods for controlling two or more housing related diseases through a
single intervention. A public education/outreach effort, that enables
the public to act effectively to protect their children from exposure to
hazards, will also be conducted.
The Office of Healthy Homes and Lead Hazard Control will continue
its Technical Support 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; and development
of standards, technical guidance, regulations and improved testing and
hazard control methods.
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 purchase of uniforms, or allowances therefore, as authorized
by 5 U.S.C. 5901-5902; hire of passenger motor vehicles; services as
authorized by 5 U.S.C. 3109; and not to exceed $25,000 for official
reception and representation expenses, [$1,153,285,000] $1,161,800,000,
of which [$562,400,000] $556,776,000 shall be provided from the various
funds of the Federal Housing Administration, [$10,700,000] $10,593,000
shall be provided from funds of the Government National Mortgage
Association, [$750,000 shall be from the ``community development loan
guarantee program'' account, $150,000] $148,500 shall be provided by
transfer from the ``Native American housing block grants'' account,
[$250,000] $247,500 shall be provided by transfer from the ``Indian
housing loan guarantee fund program'' account and $35,000 shall be
transferred from the ``Native Hawaiian housing loan guarantee fund''
account: Provided, That [funds made available under this heading shall
only be allocated in the manner specified in the statement of the
managers accompanying this Act unless the Committees on Appropriations
of both the House of Representatives and the Senate are notified of any
changes in an operating plan or reprogramming: Provided further, That]
no official or employee of the Department shall be designated as an
allotment holder unless the Office of the Chief Financial Officer (OCFO)
has determined that such allotment holder has implemented an adequate
system of funds control and has received training in funds control
procedures and directives: Provided further, That the Chief Financial
Officer shall establish positive control of and maintain adequate
systems of accounting for appropriations and other available funds as
required by 31 U.S.C. 1514: Provided further, That for purposes of funds
control and determining whether a violation exists under the Anti-
Deficiency Act (31 U.S.C. 1341 et seq.), the point of obligation shall
be the executed agreement or contract, except with respect to insurance
and guarantee programs, certain types of salaries and expenses funding,
and incremental funding that is authorized under an executed agreement
or contract, and shall be designated in the approved funds control plan:
Provided further, That the Chief Financial Officer shall: (1) appoint
qualified personnel to conduct investigations of potential or actual
violations; (2) establish minimum training requirements and other
qualifications for personnel that may be appointed to conduct
investigations; (3) establish guidelines and timeframes for the conduct
and completion of investigations; (4) prescribe the content, format and
other requirements for the submission of final reports on violations;
and (5) prescribe such additional policies and procedures as may be
required
[[Page 576]]
for conducting investigations of, and administering, processing, and
reporting on, potential and actual violations of the Anti-Deficiency Act
and all other statutes and regulations governing the obligation and
expenditure of funds made available in this or any other Act[: Provided
further, That up to $15,000,000 may be transferred to the Working
Capital Fund: 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 Public
Law 106-377 by 2\1/2\ percent]. (Department of Housing and Urban
Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0143-0-1-999 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Direct program:
Direct program:
00.01 Housing, mortgage credit,
regulatory and energy
conservation.................. 243 257 266
00.02 Community planning and
development programs.......... 42 44 46
00.03 Equal opportunity and research
programs...................... 43 46 48
00.04 Departmental management, legal
and audit services............ 49 52 54
00.05 Field direction and
administration................ 164 174 180
09.01 Reimbursable program.............. 571 569 568
--------- --------- ----------
09.99 Total reimbursable program...... 571 569 568
--------- --------- ----------
10.00 Total new obligations........... 1,112 1,142 1,162
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 1,116 1,142 1,162
23.95 Total new obligations............. -1,112 -1,142 -1,162
23.98 Unobligated balance expiring or
withdrawn....................... -5
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 547 579 594
40.33 Appropriation permanently
reduced (P.L. 109-148)........ -6
40.35 Appropriation permanently
reduced....................... -4
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 543 573 594
Discretionary:
68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 573 569 568
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 1,116 1,142 1,162
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 129 117 133
73.10 Total new obligations............. 1,112 1,142 1,162
73.20 Total outlays (gross)............. -1,118 -1,126 -1,158
73.40 Adjustments in expired accounts
(net)........................... -6
--------- --------- ----------
74.40 Obligated balance, end of year.. 117 133 137
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 991 1,010 1,026
86.93 Outlays from discretionary
balances........................ 127 116 132
--------- --------- ----------
87.00 Total outlays (gross)........... 1,118 1,126 1,158
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -573 -569 -568
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 543 573 594
90.00 Outlays........................... 545 557 590
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
2005 actual 2006 est. 2007 est.
Enacted/requested:
Budget Authority............ 543 573 594
Outlays..................... 545 557 590
Legislative proposal, not subject to
PAYGO:
Budget Authority............ -6
Outlays..................... -6
------------------------------------
Total:
Budget Authority............ 543 573 588
Outlays..................... 545 557 584
====================================
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 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 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 339 360 374
11.3 Other than full-time permanent 3 4 4
11.5 Other personnel compensation.. 7 7 8
--------- --------- ----------
11.9 Total personnel compensation 349 371 386
12.1 Civilian personnel benefits..... 87 92 96
21.0 Travel and transportation of
persons....................... 8 8 8
23.1 Rental payments to GSA.......... 47 52 53
23.3 Communications, utilities, and
miscellaneous charges......... 12 14 13
24.0 Printing and reproduction....... 3 2 2
25.1 Advisory and assistance services 25 25 26
25.2 Other services.................. 1 1 1
25.3 Other purchases of goods and
services from Government
accounts...................... 1
25.4 Operation and maintenance of
facilities.................... 4 4 4
25.7 Operation and maintenance of
equipment..................... 1
26.0 Supplies and materials.......... 2 2 2
31.0 Equipment....................... 2 2 1
42.0 Insurance claims and indemnities 1
--------- --------- ----------
99.0 Direct obligations............ 541 573 594
99.0 Reimbursable obligations.......... 571 569 568
--------- --------- ----------
99.9 Total new obligations........... 1,112 1,142 1,162
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 86-0143-0-1-999 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... 4,252 4,183 4,136
Reimbursable:
2001 Civilian full-time equivalent
employment...................... 4,490 4,417 4,369
---------------------------------------------------------------------------
Salaries and Expenses
(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0143-2-1-999 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Direct program:
01.01 Direct Program Activity........... -6
--------- --------- ----------
10.00 Total new obligations........... -6
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... -6
23.95 Total new obligations............. 6
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... -6
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. -6
73.20 Total outlays (gross)............. 6
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... -6
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. -6
[[Page 577]]
90.00 Outlays........................... -6
---------------------------------------------------------------------------
Upon enactment of the Budget proposal for a strengthened regulator
for Government-sponsored enterprises (GSEs), it is expected that the
cost of HUD's responsibilities under the Federal Housing Enterprise
Safety and Soundness Act of 1992, and amendments as proposed, would be
assessed on Fannie Mae and Freddie Mac. These responsibilities include
the establishment and enforcement of affordable housing goals for the
GSEs, ensuring GSE compliance with fair housing laws, and providing
consultation to the safety and soundness regulator on the GSEs new
activities. The cost of these regulatory responsibilities is currently
in HUD Salaries and Expenses as a non-reimbursable expense.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0143-2-1-999 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
11.1 Personnel compensation: Full-time
permanent....................... -3
12.1 Civilian personnel benefits....... -1
25.1 Advisory and assistance services.. -2
--------- --------- ----------
99.9 Total new obligations........... -6
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 86-0143-2-1-999 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... -32
---------------------------------------------------------------------------
Office of Inspector General
(including transfer of funds)
For necessary expenses of the Office of Inspector General in
carrying out the Inspector General Act of 1978, as amended,
[$106,000,000] $107,000,000, of which [$24,000,000] $23,760,000 shall be
provided from the various funds of the Federal Housing Administration[:
Provided, That the Inspector General shall have independent authority
over all personnel issues within this office]. (Department of Housing
and Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0189-0-1-451 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program.................... 79 81 83
09.01 Reimbursable program.............. 24 24 24
--------- --------- ----------
10.00 Total new obligations........... 103 105 107
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 103 105 107
23.95 Total new obligations............. -103 -105 -107
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 80 82 83
40.33 Appropriation permanently
reduced (P.L. 109-148)........ -1
40.35 Appropriation permanently
reduced....................... -1
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 79 81 83
Discretionary:
68.00 Spending authority from
offsetting collections:
Offsetting collections (cash). 24 24 24
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 103 105 107
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 19 16 19
73.10 Total new obligations............. 103 105 107
73.20 Total outlays (gross)............. -102 -102 -107
73.40 Adjustments in expired accounts
(net)........................... -4
--------- --------- ----------
74.40 Obligated balance, end of year.. 16 19 19
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 88 86 88
86.93 Outlays from discretionary
balances........................ 14 16 19
--------- --------- ----------
87.00 Total outlays (gross)........... 102 102 107
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -24 -24 -24
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 79 81 83
90.00 Outlays........................... 78 78 83
---------------------------------------------------------------------------
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 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Direct obligations:
Personnel compensation:
11.1 Full-time permanent........... 40 43 45
11.5 Other personnel compensation.. 4 4 4
--------- --------- ----------
11.9 Total personnel compensation 44 47 49
12.1 Civilian personnel benefits..... 13 14 14
21.0 Travel and transportation of
persons....................... 3 4 4
23.1 Rental payments to GSA.......... 7 6 6
25.1 Advisory and assistance services 10 9 9
25.2 Other services.................. 1 1 1
26.0 Supplies and materials.......... 1
--------- --------- ----------
99.0 Direct obligations............ 79 81 83
99.0 Reimbursable obligations.......... 24 24 24
--------- --------- ----------
99.9 Total new obligations........... 103 105 107
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 86-0189-0-1-451 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... 495 493 490
Reimbursable:
2001 Civilian full-time equivalent
employment...................... 142 141 140
---------------------------------------------------------------------------
GSE Regulation
(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0142-2-1-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
09.00 GSE regulation expenses........... 6
--------- --------- ----------
10.00 Total new obligations........... 6
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 6
23.95 Total new obligations............. -6
----------------------------------------------------------------------------
New budget authority (gross), detail:
Mandatory:
69.00 Spending authority from
offsetting collections
(gross): Offsetting
collections (cash)............ 6
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. 6
73.20 Total outlays (gross)............. -6
----------------------------------------------------------------------------
[[Page 578]]
Outlays (gross), detail:
86.97 Outlays from new mandatory
authority....................... 6
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.40 Offsetting collections (cash)
from: Non-Federal sources..... -6
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority..................
90.00 Outlays...........................
---------------------------------------------------------------------------
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-0142-2-1-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
99.0 Reimbursable obligations:
Reimbursable obligations........ 6
--------- --------- ----------
99.9 Total new obligations........... 6
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 86-0142-2-1-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Reimbursable:
2001 Civilian full-time equivalent
employment...................... 32
---------------------------------------------------------------------------
Office of Federal Housing Enterprise Oversight
salaries and expenses
(including transfer of funds)
[For carrying out the Federal Housing Enterprises Financial Safety
and Soundness Act of 1992, including not to exceed $500 for official
reception and representation expenses, $60,000,000, to remain available
until expended, to be derived from the Federal Housing Enterprises
Oversight Fund: Provided, That the Director shall submit a spending plan
for the amounts provided under this heading no later than January 15,
2006: Provided further, That not less than 80 percent of the total
amount made available under this heading shall be used only for
examination, supervision, and capital oversight of the enterprises (as
such term is defined in section 1303 of the Federal Housing Enterprises
Financial Safety and Soundness Act of 1992 (12 U.S.C. 4502)) to ensure
that the enterprises are operating in a financially safe and sound
manner and complying with the capital requirements under Subtitle B of
such Act: Provided further, That not to exceed the amount provided
herein 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.] (Department of Housing and Urban
Development Appropriations Act, 2006.)
Special and Trust Fund Receipts (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-5272-0-2-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
01.00 Balance, start of year............
--------- --------- ----------
01.99 Balance, start of year............
Receipts:
02.00 Office of Federal Housing
Enterprise Oversight............ 64 60 62
02.01 Office of Federal Housing
Enterprise Oversight--
legislative proposal not subject
to PAYGO........................ -62
--------- --------- ----------
02.99 Total receipts and collections.. 64 60
Appropriations:
05.00 Office of Federal Housing
Enterprise Oversight............ -64 -60 -62
05.01 Office of Federal Housing
Enterprise Oversight--
legislative proposal not subject
to PAYGO........................ 62
--------- --------- ----------
05.99 Total appropriations............ -64 -60
--------- --------- ----------
07.99 Balance, end of year..............
---------------------------------------------------------------------------
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-5272-0-2-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program.................... 64 60 62
--------- --------- ----------
10.00 Total new obligations........... 64 60 62
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... 64 60 62
23.95 Total new obligations............. -64 -60 -62
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year..........
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.20 Appropriation (special fund).... 64 60 62
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 8 24 14
73.10 Total new obligations............. 64 60 62
73.20 Total outlays (gross)............. -48 -70 -62
--------- --------- ----------
74.40 Obligated balance, end of year.. 24 14 14
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 41 52 54
86.93 Outlays from discretionary
balances........................ 7 18 8
--------- --------- ----------
87.00 Total outlays (gross)........... 48 70 62
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 64 60 62
90.00 Outlays........................... 48 70 62
---------------------------------------------------------------------------
Summary of Budget Authority and Outlays
(in millions of dollars)
2005 actual 2006 est. 2007 est.
Enacted/requested:
Budget Authority............ 64 60 62
Outlays..................... 48 70 62
Legislative proposal, not subject to
PAYGO:
Budget Authority............ -62
Outlays..................... -62
------------------------------------
Total:
Budget Authority............ 64 60
Outlays..................... 48 70
====================================
The Office of Federal Housing Enterprise Oversight (OFHEO) was
authorized in the Federal Housing Enterprise Safety and Soundness Act of
1992. OFHED was established in 1992 to regulate the financial safety and
soundness of two housing Government-sponsored enterprises (GSEs)--Fannie
Mae and Freddie Mac. OFHEO is required to ensure that the GSEs meet
capital standards, and to conduct onsite annual examinations at the GSEs
for the purpose for ensuring their financial safety and soundness.
The Budget proposes a new strengthened housing GSE regulator as an
independent agency. All OFHEO resources would be transferred to it. The
Administration continues to support direct funding of these activities
with mandatory assessments on Fannie Mae and Freddie Mac.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-5272-0-2-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Direct obligations:
11.1 Personnel compensation:
Personnel Compensation........ 24 32 33
12.1 Civilian personnel benefits..... 6 7 9
23.2 Rental payments to others....... 5 5 6
25.2 Other services.................. 17 7 8
31.0 Equipment....................... 9 6 4
32.0 Land and structures............. 2 1
--------- --------- ----------
99.0 Direct obligations............ 63 58 60
99.5 Below reporting threshold......... 1 2 2
--------- --------- ----------
[[Page 579]]
99.9 Total new obligations........... 64 60 62
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 86-5272-0-2-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... 198 251 256
---------------------------------------------------------------------------
Office of Federal Housing, Enterprise Oversight
Salaries and Expenses
(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-5272-2-2-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program.................... -62
--------- --------- ----------
10.00 Total new obligations........... -62
----------------------------------------------------------------------------
Budgetary resources available for obligation:
22.00 New budget authority (gross)...... -62
23.95 Total new obligations............. 62
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year..........
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.20 Appropriation (special fund).... -62
----------------------------------------------------------------------------
Change in obligated balances:
73.10 Total new obligations............. -62
73.20 Total outlays (gross)............. 62
73.31 Obligated balance transferred to
other accounts.................. -14
--------- --------- ----------
74.40 Obligated balance, end of year.. -14
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... -54
86.93 Outlays from discretionary
balances........................ -8
--------- --------- ----------
87.00 Total outlays (gross)........... -62
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. -62
90.00 Outlays........................... -62
---------------------------------------------------------------------------
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-5272-2-2-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Direct obligations:
11.1 Personnel compensation:
Personnel Compensation........ -33
12.1 Civilian personnel benefits..... -9
23.2 Rental payments to others....... -6
25.2 Other services.................. -8
31.0 Equipment....................... -4
--------- --------- ----------
99.0 Direct obligations............ -60
99.5 Below reporting threshold......... -2
--------- --------- ----------
99.9 Total new obligations........... -62
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 86-5272-2-2-371 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... -256
---------------------------------------------------------------------------
Intragovernmental funds:
Working Capital Fund
For additional capital for the Working Capital Fund (42 U.S.C. 3535)
for the development of, modifications to, and infrastructure for
Department-wide information technology systems, for the continuing
operation and maintenance of both Department-wide and program-specific
information systems, and for program-related development activities,
[$197,000,000] $219,780,000, to remain available until September 30,
[2007] 2008: Provided, That any amounts transferred to this Fund under
this Act shall remain available until expended: Provided further, That
any amounts transferred to this Fund from amounts appropriated by
previously enacted appropriations Acts or from within this Act may be
used only for the purposes specified under this Fund, in addition to the
purposes for which such amounts were appropriated. (Department of
Housing and Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4586-0-4-451 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Obligations by program activity:
00.01 Direct program activity........... 273 199 222
09.01 Reimbursable program.............. 71 57 79
--------- --------- ----------
10.00 Total new obligations........... 344 256 301
----------------------------------------------------------------------------
Budgetary resources available for obligation:
21.40 Unobligated balance carried
forward, start of year.......... 32 20 22
22.00 New budget authority (gross)...... 315 246 289
22.10 Resources available from
recoveries of prior year
obligations..................... 17 12 12
--------- --------- ----------
23.90 Total budgetary resources
available for obligation...... 364 278 323
23.95 Total new obligations............. -344 -256 -301
--------- --------- ----------
24.40 Unobligated balance carried
forward, end of year.......... 20 22 22
----------------------------------------------------------------------------
New budget authority (gross), detail:
Discretionary:
40.00 Appropriation................... 270 197 220
40.33 Appropriation permanently
reduced (P.L. 109-148)........ -2
40.35 Appropriation permanently
reduced....................... -2
--------- --------- ----------
43.00 Appropriation (total
discretionary).............. 268 195 220
Spending authority from offsetting
collections:
Discretionary:
68.00 Offsetting collections (cash). 55 51 69
68.10 Change in uncollected customer
payments from Federal
sources (unexpired)......... -8
--------- --------- ----------
68.90 Spending authority from
offsetting collections
(total discretionary)..... 47 51 69
--------- --------- ----------
70.00 Total new budget authority
(gross)....................... 315 246 289
----------------------------------------------------------------------------
Change in obligated balances:
72.40 Obligated balance, start of year.. 240 258 238
73.10 Total new obligations............. 344 256 301
73.20 Total outlays (gross)............. -317 -264 -275
73.45 Recoveries of prior year
obligations..................... -17 -12 -12
74.00 Change in uncollected customer
payments from Federal sources
(unexpired)..................... 8
--------- --------- ----------
74.40 Obligated balance, end of year.. 258 238 252
----------------------------------------------------------------------------
Outlays (gross), detail:
86.90 Outlays from new discretionary
authority....................... 138 176 204
86.93 Outlays from discretionary
balances........................ 179 88 71
--------- --------- ----------
87.00 Total outlays (gross)........... 317 264 275
----------------------------------------------------------------------------
Offsets:
Against gross budget authority and outlays:
88.00 Offsetting collections (cash)
from: Federal sources......... -55 -51 -69
Against gross budget authority only:
88.95 Change in uncollected customer
payments from Federal sources
(unexpired)................... 8
----------------------------------------------------------------------------
Net budget authority and outlays:
89.00 Budget authority.................. 268 195 220
90.00 Outlays........................... 262 213 206
---------------------------------------------------------------------------
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. Since 2003, a direct appropriation has been
requested for the oper
[[Page 580]]
ations of the computer system and for development and modifications of
Department-wide systems. Fees have continued for services to develop and
modify systems where the benefit is limited to a specific program.
Object Classification (in millions of dollars)
----------------------------------------------------------------------------
Identification code 86-4586-0-4-451 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Direct obligations:
11.1 Personnel compensation: Full-
time permanent................ 32 35 35
12.1 Civilian personnel benefits..... 8 7 9
21.0 Travel and transportation of
persons....................... 2 2 2
23.3 Communications, utilities, and
miscellaneous charges......... 5 5 5
25.1 Advisory and assistance services 212 139 160
26.0 Supplies and materials.......... 1 1 1
31.0 Equipment....................... 13 10 10
--------- --------- ----------
99.0 Direct obligations............ 273 199 222
Reimbursable obligations:
25.1 Advisory and assistance services 71 57 79
--------- --------- ----------
99.0 Reimbursable obligations...... 71 57 79
--------- --------- ----------
99.9 Total new obligations........... 344 256 301
---------------------------------------------------------------------------
Personnel Summary
----------------------------------------------------------------------------
Identification code 86-4586-0-4-451 2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Direct:
1001 Civilian full-time equivalent
employment...................... 344 347 314
---------------------------------------------------------------------------
Administrative Provisions
Sec. 301. 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 Homeless Assistance Amendments Act of
1988 (42 U.S.C. 1437 note) 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.
Sec. 302. None of the amounts made available under this Act may be
used during fiscal year [2006] 2007 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.
Sec. 303. (a) Notwithstanding section 854(c)(1)(A) of the AIDS
Housing Opportunity Act (42 U.S.C. 12903(c)(1)(A)), from any amounts
made available under this title for fiscal year [2006] 2007 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 fiscal year
[2006] 2007 under such clause (ii) because the areas in the State
outside of the metropolitan statistical areas that qualify under
clause (i) in fiscal year [2006] 2007 do not have the number of
cases of acquired immunodeficiency syndrome (AIDS) required under
such clause.
(b) 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 [2006] 2007, 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) Notwithstanding any other provision of law, the amount allocated
for fiscal year [2006] 2007 under section 854(c) of the AIDS Housing
Opportunity Act (42 U.S.C. 12903(c)), to the City of New York, New York,
on behalf of the New York-Wayne-White Plains, New York-New Jersey
Metropolitan Division (hereafter ``metropolitan division'') of the New
York-Newark-Edison, NY-NJ-PA Metropolitan Statistical Area, shall be
adjusted by the Secretary of Housing and Urban Development by: (1)
allocating to the City of Jersey City, New Jersey, the proportion of the
metropolitan area's or division's amount that is based on the number of
cases of AIDS reported in the portion of the metropolitan area or
division that is located in Hudson County, New Jersey, and adjusting for
the proportion of the metropolitan division's high incidence bonus if
this area in New Jersey also has a higher than average per capita
incidence of AIDS; and (2) allocating to the City of Paterson, New
Jersey, the proportion of the metropolitan area's or division's amount
that is based on the number of cases of AIDS reported in the portion of
the metropolitan area or division that is located in Bergen County and
Passaic County, New Jersey, and adjusting for the proportion of the
metropolitan division's high incidence bonus if this area in New Jersey
also has a higher than average per capita incidence of AIDS. The
recipient cities shall use amounts allocated under this subsection to
carry out eligible activities under section 855 of the AIDS Housing
Opportunity Act (42 U.S.C. 12904) in their respective portions of the
metropolitan division that is located in New Jersey.
(d) Notwithstanding any other provision of law, the amount allocated
for fiscal year [2006] 2007 under section 854(c) of the AIDS Housing
Opportunity Act (42 U.S.C. 12903(c)) to areas with a higher than average
per capita incidence of AIDS, shall be adjusted by the Secretary on the
basis of area incidence reported over a three year period.
Sec. 304. (a) During fiscal year [2006] 2007, in the provision of
rental assistance under section 8(o) of the United States Housing Act of
1937 (42 U.S.C. 1437f(o)) in connection with a program to demonstrate
the economy and effectiveness of providing such assistance for use in
assisted living facilities that is carried out in the counties of the
State of Michigan notwithstanding paragraphs (3) and (18)(B)(iii) of
such section 8(o), a family residing in an assisted living facility in
any such county, on behalf of which a public housing agency provides
assistance pursuant to section 8(o)(18) of such Act, may be required, at
the time the family initially receives such assistance, to pay rent in
an amount exceeding 40 percent of the monthly adjusted income of the
family by such a percentage or amount as the Secretary of Housing and
Urban Development determines to be appropriate.
Sec. 305. Except as explicitly provided in law, any grant,
cooperative agreement or other assistance made pursuant to title III of
this Act shall be made on a competitive basis and in accordance with
section 102 of the Department of Housing and Urban Development Reform
Act of 1989.
[Sec. 306. Funds of the Department of Housing and Urban Development
subject to the Government Corporation Control Act or section 402 of the
Housing Act of 1950 shall be available, without regard to the
limitations on administrative expenses, for legal services on a contract
or fee basis, and for utilizing and making payment for services and
facilities of the Federal National Mortgage Association, Government
National Mortgage Association, Federal Home Loan Mortgage Corporation,
Federal Financing Bank, Federal Reserve banks or any member thereof,
Federal Home Loan banks, and any insured bank within the meaning of the
Federal Deposit Insurance Corporation Act, as amended (12 U.S.C. 1811-
1831).]
Sec. [307] 306. Unless otherwise provided for in this Act or through
a reprogramming of funds, no part of any appropriation for the
Department of Housing and Urban Development shall be available for any
program, project or activity in excess of amounts set forth in the
budget estimates submitted to Congress.
Sec. [308] 307. Corporations and agencies of the Department of
Housing and Urban Development which are subject to the Government
Corporation Control Act, as amended, are hereby authorized to make such
expenditures, within the limits of funds and borrowing authority
available to each such corporation or agency and in accordance with law,
and to make such contracts and commitments without regard to fiscal year
limitations as provided by section 104 of such Act as may be necessary
in carrying out the programs set forth
[[Page 581]]
in the budget for [2006] 2007 for such corporation or agency except as
hereinafter provided: Provided, That collections of these corporations
and agencies may be used for new loan or mortgage purchase commitments
only to the extent expressly provided for in this Act (unless such loans
are in support of other forms of assistance provided for in this or
prior appropriations Acts), except that this proviso shall not apply to
the mortgage insurance or guaranty operations of these corporations, or
where loans or mortgage purchases are necessary to protect the financial
interest of the United States Government.
Sec. [309] 308. None of the funds provided in this title for
technical assistance, training, or management improvements may be
obligated or expended unless HUD provides to the Committees on
Appropriations a description of each proposed activity and a detailed
budget estimate of the costs associated with each program, project or
activity as part of the Budget Justifications. For fiscal year [2006]
2007, HUD shall transmit this information to the Committees by March 15,
[2006] 2007 for 30 days of review.
Sec. [310] 309. The Secretary of Housing and Urban Development shall
provide quarterly reports to the House and Senate Committees on
Appropriations regarding all uncommitted, unobligated, recaptured and
excess funds in each program and activity within the jurisdiction of the
Department and shall submit additional, updated budget information to
these Committees upon request.
[Sec. 311. Notwithstanding any other provision of law, in fiscal
year 2006, in managing and disposing of any multifamily property that is
owned or held by the Secretary of Housing and Urban Development, the
Secretary 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,
based on consideration of the costs of maintaining such payments for
that property or other factors, 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.]
Sec. [312] 310. (a) Notwithstanding any other provision of law, the
amount allocated for fiscal year [2006] 2007 under section 854(c) of the
AIDS Housing Opportunity Act (42 U.S.C. 12903(c)), to the City of
Wilmington, Delaware, on behalf of the Wilmington, Delaware-Maryland-New
Jersey Metropolitan Division (hereafter ``metropolitan division''),
shall be adjusted by the Secretary of Housing and Urban Development by
allocating to the State of New Jersey the proportion of the metropolitan
division's amount that is based on the number of cases of AIDS reported
in the portion of the metropolitan division that is located in New
Jersey, and adjusting for the proportion of the metropolitan division's
high incidence bonus if this area in New Jersey also has a higher than
average per capita incidence of AIDS. The State of New Jersey shall use
amounts allocated to the State under this subsection to carry out
eligible activities under section 855 of the AIDS Housing Opportunity
Act (42 U.S.C. 12904) in the portion of the metropolitan division that
is located in New Jersey.
(b) Notwithstanding any other provision of law, the Secretary of
Housing and Urban Development shall allocate to Wake County, North
Carolina, the amounts that otherwise would be allocated for fiscal year
[2006] 2007 under section 854(c) of the AIDS Housing Opportunity Act (42
U.S.C. 12903(c)) to the City of Raleigh, North Carolina, on behalf of
the Raleigh-Cary, North Carolina Metropolitan Statistical Area. Any
amounts allocated to Wake County shall be used to carry out eligible
activities under section 855 of such Act (42 U.S.C. 12904) within such
metropolitan statistical area.
(c) Notwithstanding section 854(c) of the AIDS Housing Opportunity
Act (42 U.S.C. 12903(c)), the Secretary of Housing and Urban Development
may adjust the allocation of the amounts that otherwise would be
allocated for fiscal year [2006] 2007 under section 854(c) of such Act,
upon the written request of an applicant, in conjunction with the
State(s), for a formula allocation on behalf of a metropolitan
statistical area, to designate the State or States in which the
metropolitan statistical area is located as the eligible grantee(s) of
the allocation. In the case that a metropolitan statistical area
involves more than one State, such amounts allocated to each State shall
be in proportion to the number of cases of AIDS reported in the portion
of the metropolitan statistical area located in that State. Any amounts
allocated to a State under this section shall be used to carry out
eligible activities within the portion of the metropolitan statistical
area located in that State.
[Sec. 313. Notwithstanding any other provision of law, for this
fiscal year and every fiscal year thereafter, funds appropriated for
housing for the elderly, as authorized by section 202 of the Housing Act
of 1959, as amended, and for supportive housing for persons with
disabilities, as authorized by section 811 of the Cranston-Gonzalez
National Affordable Housing Act, shall be available for the cost of
maintaining and disposing of such properties that are acquired or
otherwise become the responsibility of the Department.]
[Sec. 314. The Secretary of Housing and Urban Development shall
submit an annual report no later than August 30, 2006 and annually
thereafter to the House and Senate Committees on Appropriations
regarding the number of Federally assisted units under lease and the per
unit cost of these units to the Department of Housing and Urban
Development.]
[Sec. 315. The Department of Housing and Urban Development shall
submit the Department's fiscal year 2007 congressional budget
justifications to the Committees on Appropriations of the House of
Representatives and the Senate using the identical structure provided
under this Act and only in accordance with the direction specified in
the report accompanying this Act.]
Sec. [316] 311. That incremental vouchers previously made available
under the heading ``Housing Certificate Fund'' or renewed under the
heading, ``Tenant-Based Rental Assistance,'' for non-elderly disabled
families shall, to the extent practicable, continue to be provided to
non-elderly disabled families upon turnover.
Sec. [317] 312. A public housing agency or such other entity that
administers Federal housing assistance in the States of Alaska, Iowa,
and Mississippi shall not be required to include a resident of public
housing or a recipient of assistance provided under section 8 of the
United States Housing Act of 1937 on the board of directors or a similar
governing board of such agency or entity as required under section
(2)(b) of such Act. Each public housing agency or other entity that
administers Federal housing assistance under section 8 in the States of
Alaska, Iowa and Mississippi shall establish an advisory board of not
less than 6 residents of public housing or recipients of section 8
assistance to provide advice and comment to the public housing agency or
other administering entity on issues related to public housing and
section 8. Such advisory board shall meet not less than quarterly.
[Sec. 318. (a) Notwithstanding any other provision of law, subject
to the conditions listed in subsection (b), for fiscal years 2006 and
2007, the Secretary may authorize the transfer of project-based
assistance, debt and statutorily required low-income and very low-income
use restrictions, associated with one multifamily housing project to
another multifamily housing project.
(b) The transfer authorized in subsection (a) is subject to the
following conditions:
(1) the number of low-income and very low-income units and the
net dollar amount of Federal assistance provided by the transferring
project shall remain the same in the receiving project;
(2) the transferring project shall, as determined by the
Secretary, be either physically obsolete or economically non-viable;
(3) the receiving project shall meet or exceed applicable
physical standards established by the Secretary;
(4) the owner or mortgagor of the transferring project shall
notify and consult with the tenants residing in the transferring
project and provide a certification of approval by all appropriate
local governmental officials;
(5) the tenants of the transferring project who remain eligible
for assistance to be provided by the receiving project shall not be
required to vacate their units in the transferring project until new
units in the receiving project are available for occupancy;
(6) the Secretary determines that this transfer is in the best
interest of the tenants;
(7) if either the transferring project or the receiving project
meets the condition specified in subsection (c)(2)(A), any lien on
the receiving project resulting from additional financing obtained
by the owner shall be subordinate to any FHA-insured mortgage lien
transferred to, or placed on, such project by the Secretary;
(8) if the transferring project meets the requirements of
subsection (c)(2)(E), the owner or mortgagor of the receiving
project shall execute and record either a continuation of the
existing use agreement or a new use agreement for the project where,
in either case, any use restrictions in such agreement are of no
lesser duration than the existing use restrictions;
[[Page 582]]
(9) any financial risk to the FHA General and Special Risk
Insurance Fund, as determined by the Secretary, would be reduced as
a result of a transfer completed under this section; and
(10) the Secretary determines that Federal liability with regard
to this project will not be increased.
(c) For purposes of this section--
(1) the terms ``low-income'' and ``very low-income'' shall have
the meanings provided by the statute and/or regulations governing
the program under which the project is insured or assisted;
(2) the term ``multifamily housing project'' means housing that
meets one of the following conditions--
(A) housing that is subject to a mortgage insured under
the National Housing Act;
(B) housing that has project-based assistance attached
to the structure;
(C) housing that is assisted under section 202 of the
Housing Act of 1959 as amended by section 801 of the
Cranston-Gonzales National Affordable Housing Act;
(D) housing that is assisted under section 202 of the
Housing Act of 1959, as such section existed before the
enactment of the Cranston-Gonzales National Affordable
Housing Act; or
(E) housing or vacant land that is subject to a use
agreement;
(3) the term ``project-based assistance'' means--
(A) assistance provided under section 8(b) of the United
States Housing Act of 1937;
(B) assistance for housing constructed or substantially
rehabilitated pursuant to assistance provided under section
8(b)(2) of such Act (as such section existed immediately
before October 1, 1983);
(C) rent supplement payments under section 101 of the
Housing and Urban Development Act of 1965;
(D) additional assistance payments under section
236(f)(2) of the National Housing Act; and,
(E) assistance payments made under section 202(c)(2) of
the Housing Act of 1959;
(4) the term ``receiving project'' means the multifamily housing
project to which the project-based assistance, debt, and statutorily
required use low-income and very low-income restrictions are to be
transferred;
(5) the term ``transferring project'' means the multifamily
housing project which is transferring the project-based assistance,
debt and the statutorily required low-income and very low-income use
restrictions to the receiving project; and,
(6) the term ``Secretary'' means the Secretary of Housing and
Urban Development.]
Sec. [319] 313. The funds made available for Native Alaskans under
the heading ``Native American Housing Block Grants'' in title III of
this Act shall be allocated to the same Native Alaskan housing block
grant recipients that received funds in fiscal year 2005.
[Sec. 320. (a) Extension.--The Secretary of Housing and Urban
Development shall extend the term of the Moving to Work Demonstration
Agreement entered into between a public housing agency and the Secretary
under section 204, title V, of the Omnibus Consolidated Rescissions and
Appropriations Act of 1996 (Public Law 104-134, April 26, 1996) if--
(1) the public housing agency requests such extension in
writing;
(2) the public housing agency is not at the time of such request
for extension in default under its Moving to Work Demonstration
Agreement; and
(3) the Moving to Work Demonstration Agreement to be extended
would otherwise expire on or before September 30, 2006.
(b) Terms.--Unless the Secretary of Housing and Urban Development
and the public housing agency otherwise agree, the extension under
subsection (a) shall be upon the identical terms and conditions set
forth in the extending agency's existing Moving to Work Demonstration
Agreement, except that for each public housing agency that has been or
will be granted an extension to its original Moving to Work Agreement,
the Secretary shall require that data be collected so that the effect of
Moving to Work policy changes on residents can be measured.
(c) Extension Period.--The extension under subsection (a) shall be
for such period as is requested by the public housing agency, not to
exceed 3 years from the date of expiration of the extending agency's
existing Moving to Work Demonstration Agreement.
(d) Breach of Agreement.--Nothing contained in this section shall
limit the authority of the Secretary of Housing and Urban Development to
terminate any Moving to Work Demonstration Agreement of a public housing
agency if the public housing agency is in breach of the provisions of
such agreement.]
[Sec. 321. No funds provided under this title may be used for an
audit of the Government National Mortgage Association that makes
applicable requirements under the Federal Credit Reform Act of 1990 (2
U.S.C. 661 et seq.).]
Sec. [322] 314. Incremental vouchers previously made available under
the heading, ``Housing Certificate Fund'' or renewed under the heading,
``Tenant-Based Rental Assistance'', for family unification shall, to the
extent practicable, continue to be provided for family unification.
[Sec. 323. Section 223(f)(1) of the National Housing Act is amended
by inserting ``purchase or'' immediately before ``refinancing of
existing debt''.]
[Sec. 324. Section 421 of the Housing and Community Development Act
of 1987 (12 U.S.C. Sec. 1715z-4a) is amended--
(1) in subsection (a)(1)(A), by inserting after ``is'' the
following: ``or, at the time of the violations, was''; and
(2) in subsection (a)(1)(C), by inserting after ``held'' the
following: ``or, at the time of the violations, was insured or
held''.]
[Sec. 325. Notwithstanding any other provision of law, for fiscal
year 2006 and thereafter, all mortgagees receiving interest reduction
payments under section 236 of the National Housing Act (12 U.S.C. 1715z-
1) shall submit only electronic invoices to the Department of Housing
and Development in order to receive such payments. The mortgagees shall
comply with this requirement no later than 90 days from the date of
enactment of this provision.]
[Sec. 326. Notwithstanding any other provision of law, the recipient
of a grant under section 202b of the Housing Act of 1959 (12 U.S.C.
1701q-2) after December 26, 2000, in accordance with the unnumbered
paragraph at the end of section 202b(b) of such Act, may, at its option,
establish a single-asset nonprofit entity to own the project and may
lend the grant funds to such entity, which may be a private nonprofit
organization described in section 831 of the American Homeownership and
Economic Opportunity Act of 2000.]
Sec. [327] 315. (a) No assistance shall be provided under section 8
of the United States Housing Act of 1937 (42 U.S.C. 1437f) to any
individual who--
(1) is enrolled as a student at an institution of higher
education (as defined under section 102 of the Higher Education Act
of 1965 (20 U.S.C. 1002));
(2) is under 24 years of age;
(3) is not a veteran;
(4) is unmarried;
(5) does not have a dependent child; and
(6) is not otherwise individually eligible, or has parents who,
individually or jointly, are not eligible, to receive assistance
under section 8 of the United States Housing Act of 1937 (42 U.S.C.
1437f).
(b) For purposes of determining the eligibility of a person to
receive assistance under section 8 of the United States Housing Act of
1937 (42 U.S.C. 1437f), any financial assistance (in excess of amounts
received for tuition) that an individual receives under the Higher
Education Act of 1965 (20 U.S.C. 1001 et seq.), from private sources, or
an institution of higher education (as defined under the Higher
Education Act of 1965 (20 U.S.C. 1002)), shall be considered income to
that individual, except for a person over the age of 23 with dependent
children.
(c) Not later than 30 days after the date of enactment of this Act,
the Secretary of Housing and Urban Development shall issue final
regulations to carry out the provisions of this section.
[Sec. 328. The Secretary of Housing and Urban Development shall give
priority consideration to applications from the housing authorities of
the Counties of San Bernardino and Santa Clara and the City of San Jose,
California to participate in the Moving to Work Demonstration Agreement
under section 204, title V, of the Omnibus Consolidated Rescissions and
Appropriations Act of 1996 (Public Law 104-134, April 26, 1996):
Provided, That upon turnover, existing requirements on the re-issuance
of Section 8 vouchers shall be maintained to ensure that not less than
75 percent of all vouchers shall be made available to extremely low-
income families.]
Ginnie Mae Administrative Expenses and Fees
Sec. 316. Section 1 of the National Housing Act (12 U.S.C. 1702) is
amended in the fifth sentence by striking ``Except with respect to
[[Page 583]]
subchapter III of this chapter'' and inserting ``Except with respect to
the Federal National Mortgage Association''. Section 306(g)(3) of the
National Housing Act (12 U.S.C. 1721(g)(3)) is amended by adding the
following new subparagraph at the end: ``(F)(i) Notwithstanding
subparagraphs (A) through (D), the Association shall charge an upfront
fee on new guarantees of mortgage-backed securities. (ii) The
Association shall set the upfront fee level each year such that
estimated collections fully offset the estimated cost of program
salaries and administrative expenses published in the Budget of the
United States Government for the applicable fiscal year.'' (Department
of Housing and Urban Development Appropriations Act, 2006.)
[Sec. 901. Notwithstanding provisions of the United States Housing
Act of 1937 (Public Law 93-383), in order to assist public housing
agencies located within the most heavily impacted areas of Louisiana and
Mississippi that are subject to a declaration by the President of a
major disaster under the Robert T. Stafford Disaster Relief and
Emergency Assistance Act (42 U.S.C. 5121 et seq.) in connection with
Hurricane Katrina or Rita, the Secretary for calendar year 2006 may
authorize a public housing agency to combine assistance provided under
sections 9(d) and (e) of the United States Housing Act of 1937 and
assistance provided under section 8(o) of such Act, for the purpose of
facilitating the prompt, flexible and efficient use of funds provided
under these sections of the Act to assist families who were receiving
housing assistance under the Act immediately prior to Hurricane Katrina
or Rita and were displaced from their housing by the hurricanes.]
[Sec. 902. To the extent feasible the Secretary of Housing and Urban
Development shall preserve all housing within the area declared a major
disaster under the Robert T. Stafford Disaster Relief and Emergency Act
(42 U.S.C. 5121 et seq.) resulting from Hurricane Katrina or Rita that
received project-based assistance under section 8 or 9 of the United
States Housing Act of 1937, section 801 or 811 of the Cranston-Gonzalez
National Affordable Housing Act, the AIDS Housing Opportunity Act, or
the Stewart B. McKinney Homeless Assistance Act: Provided, That the
Secretary shall report to the Committees on Appropriations on the status
of all such housing, including costs associated with any repair or
rehabilitation, within 120 days of enactment of this Act.] (Emergency
Supplemental Appropriations Act to Address Hurricanes in the Gulf of
Mexico and Pandemic Influenza, 2006.)
General Fund Receipt Accounts
(in millions of dollars)
----------------------------------------------------------------------------
2005 actual 2006 est. 2007 est.
----------------------------------------------------------------------------
Offsetting receipts from the public:
86-271910 FHA-general and special
risk, Negative subsidies............ 266 300 438
Legislative proposal, not subject to
PAYGO............................. -223
86-271930 FHA-general and special
risk, Downward reestimates of
subsidies........................... 208 297
86-274330 Indian housing loan
guarantees, Downward reestimates of
subsidies........................... 4 1
86-276230 Title VI indian loan
guarantee downward reestimate....... 2
86-277330 Community development loan
guarantees, Downward reestimates.... 15 6
86-277810 Mutual mortgage insurance
program, negative subsidies:
Legislative proposal, not subject to
PAYGO............................... 845
--------- --------- ----------
General Fund Offsetting receipts from
the public............................. 493 606 1,060
---------------------------------------------------------------------------