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

             <h1>DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

             </h1>

          DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

             Public and Indian Housing Programs

             Federal Funds
             Rental Assistance DemonstrationFor continuing activities under the heading "Rental Assistance Demonstration" in the Department of Housing and Urban Development
                   Appropriations Act, 2012 (Public Law 112–55), and in accordance with priorities established by the Secretary, $10,000,000,
                   to remain available through September 30, 2017: Provided, That such funds shall only be available to properties converting
                   from assistance under section 9 of the United States Housing Act of 1937 (42 U.S.C. 1437g).
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0406–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      RAD Incremental Conversion Cost

                      10

                      0100
                      Direct program activities, subtotal

                      10

                      0900
                      Total new obligations (object class 41.0)

                      10

                      Budgetary Resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation

                      10

                      1160
                      Appropriation, discretionary (total)

                      10

                      1930
                      Total budgetary resources available

                      10

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      Obligations incurred, unexpired accounts

                      10

                      3050
                      Unpaid obligations, end of year

                      10

                      Memorandum (non-add) entries:

                      3200
                      Obligated balance, end of year

                      10

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross

                      10

                      4180
                      Budget authority, net (total)

                      10

             In 2014, the Department will continue implementation of the Rental Assistance Demonstration (RAD), authorized by the Consolidated
                and Further Continuing Appropriations Act of 2012 (P.L. 112–55).  Under RAD, Public Housing Authorities (PHAs) and other owners
                of rental properties assisted under the Public Housing, Moderate Rehabilitation (Mod Rehab), Rent Supplement (Rent Supp) and
                Rental Assistance Payment (RAP) programs are offered the option to convert their properties to long-term, project-based Section
                8 contracts that can leverage private financing for capital improvements.  Through February 2013, HUD awarded 112 initial
                approvals to 70 PHAs, supporting the eventual conversion of over 12,100 Public Housing units; and 24 approvals to private
                owners of Rent Supp, RAP, and Mod Rehab properties for the conversion of 2,770 units with contracts expiring through September
                30, 2013.  The Department has also received 38 Letters of Interest (constituting an additional 4,300 units) from private owners
                of properties with contracts expiring after September 30, 2013.

             While the Department will continue to process no-cost conversions in 2014, the Budget requests $10 million for a targeted
                expansion of RAD to Public Housing properties that cannot feasibly convert at existing funding levels and are located in high-poverty
                neighborhoods, including designated Promise Zones, where the Administration is supporting comprehensive revitalization efforts.
                This request will cover the incremental subsidy cost of converting approximately 3,300 Public Housing units, thereby increasing
                private investment in targeted projects and surrounding neighborhoods.

             The Budget also includes the following proposals to facilitate additional no-cost conversions of HUD-assisted properties under
                RAD: 1) increases the unit cap on Public Housing conversions from 60,000 to 150,000; 2) excludes Mod Rehab properties from
                the unit cap; 3) makes Section 8 Mod Rehab Single Room Occupancy properties eligible for RAD; and 4) extends by two years
                (through September 30, 2015) the sunset date on conversions of Rent Supp, RAP and Mod Rehab properties.

             Public and Indian Housing
             tenant-based rental assistanceFor 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, $15,989,216,000, to remain available until expended, shall be available on October 1, 2013 (in addition to the $4,000,000,000 previously appropriated under this heading that became available on October 1, 2013), and $4,000,000,000, to remain available until expended, shall be available on October 1, 2014: Provided, That amounts made available under this heading are provided as follows:
          (1)  $17,968,278,000 shall be available 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) and including renewal of other
                special purpose incremental vouchers: Provided, That notwithstanding any other provision of law, from amounts provided under this paragraph and any carryover, the Secretary
                for the calendar year  2014 funding cycle shall provide renewal funding for each public housing agency based on validated voucher management system (VMS)
                leasing and cost data for the prior calendar year and by applying an inflation factor as established by the Secretary, by
                notice published in the Federal Register, and by making any necessary adjustments for the costs associated with the first-time
                renewal of  vouchers under this paragraph, including tenant protection and HOPE VI vouchers: Provided further, That in determining calendar year 2014  funding allocation under this heading for public housing agencies, including agencies participating in the Moving To Work
                (MTW) demonstration, the Secretary may take into account the anticipated impact of changes in  targeting,  medical expense thresholds, and utility allowances, to public housing agencies' contract renewal needs: Provided further, That the Secretary shall, to the extent necessary to stay within the amount specified under this paragraph (except as otherwise
                modified under this Act), pro rate each public housing agency's allocation otherwise established pursuant to this paragraph:
                Provided further, That except as provided in the following provisos, the entire amount specified under this paragraph (except as otherwise
                modified under this Act) shall be obligated to the public housing agencies based on the allocation and pro rata method described
                above, and the Secretary shall notify public housing agencies of their annual budget by the latter of 60 days after enactment
                of this Act or March 1, 2014: Provided further, That the Secretary may extend the notification period, with notification to the House and Senate Committees on Appropriations:
                Provided further, That public housing agencies participating in the MTW demonstration shall be funded pursuant to their MTW agreements and
                shall be subject to the same pro rata adjustments under the previous provisos: Provided further, That the Secretary may offset public housing agencies' calendar year 2014 allocations by the excess amount of agencies' reserves as established by the Secretary: Provided further, That public housing agencies participating in the MTW demonstration shall also be subject to the offset, as determined by the Secretary, from the agencies' calendar year 2014 MTW funding allocation: Provided further, That the Secretary shall use any offset referred to in the previous two provisos  throughout the calendar year to prevent the termination of rental assistance for families as the result of insufficient funding,
                   as determined by the Secretary, and to avoid or reduce the proration of renewal funding allocations : Provided further, That up to  $50,000,000 shall be available only: (1) for adjustments in the allocations for public housing agencies, after application for an adjustment
                by a public housing agency, that experienced a significant increase, as determined by the Secretary, in renewal costs of vouchers
                resulting from unforeseen circumstances or from portability under section 8(r) of the Act; (2) for 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; (3)
                for adjustments for costs associated with HUD-Veterans Affairs Supportive Housing (HUD-VASH) vouchers;  (4) for adjustments in the allocations for public housing agencies that experienced a significant increase, as determined
                by the Secretary, in renewal costs as a result of participation in the Small Area Fair Market Rent demonstration: Provided further, That the Secretary shall allocate amounts under the previous proviso based on need as determined by the Secretary; and (5) for public housing agencies that despite taking reasonable cost savings measures, as determined by the Secretary,
                   would otherwise be required to terminate rental assistance for families as the result of insufficient funding;
          (2) $150,000,000  shall be for section 8 rental assistance for relocation and replacement of housing units that are demolished or disposed of
                pursuant to section 18 of the Act, 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 or for project-based assistance to prevent the displacement of
                unassisted elderly tenants currently residing in section 202 properties financed between 1959 and 1974 that are refinanced
                pursuant to Public Law 106–569, as amended, or under the authority as provided under this Act: Provided, That when a public housing development is submitted for demolition or disposition under section 18 of the Act, the Secretary
                may provide section 8 rental assistance when the units pose an imminent health and safety risk to residents: Provided further, That the Secretary, for the purposes under this paragraph, may use unobligated balances, including recaptures
                   and carryovers, remaining from amounts appropriated in prior fiscal years under this heading for voucher assistance for nonelderly
                   disabled families and for disaster assistance made available under Public Law 110–329;
          (3)  $1,685,374,000 shall be for administrative and other expenses of public housing agencies in administering the section 8 tenant-based rental
                assistance program, of which up to $50,000,000 shall be available to the Secretary to allocate to public housing agencies
                that need additional funds to administer their section 8 programs, including fees associated with section 8 tenant protection
                rental assistance, the administration of disaster- related vouchers, Veterans Affairs Supportive Housing vouchers, and other
                special purpose incremental vouchers: Provided, That no less than  $1,635,374,000 of the amount provided in this paragraph shall be allocated to public housing agencies for the calendar year 2014 funding cycle based on section 8(q) of the Act (and related Appropriation Act provisions) as in effect immediately before
                the enactment of the Quality Housing and Work Responsibility Act of 1998 (Public Law 105–276): Provided further, That if the amounts made available under this paragraph are insufficient to pay the amounts determined under the previous
                proviso, the Secretary may decrease the amounts allocated to agencies by a uniform percentage applicable to all agencies receiving
                funding under this paragraph or may, to the extent necessary to provide full payment of amounts determined under the previous
                proviso, utilize unobligated balances, including recaptures and carryovers, remaining from funds appropriated to the Department
                of Housing and Urban Development under this heading from prior fiscal years, notwithstanding the purposes for which such amounts
                were appropriated: Provided further, That all public housing agencies participating in the MTW demonstration shall be funded pursuant to their MTW agreements,
                and shall be subject to the same uniform percentage decrease as under the previous proviso: Provided further, That 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;
           (4)  $110,564,000 for the renewal of tenant-based assistance contracts under section 811 of the Cranston-Gonzalez National Affordable Housing
                Act (42 U.S.C. 8013), including necessary administrative expenses: Provided, That administrative and other expenses of public housing agencies in administering the special purpose vouchers in this
                paragraph shall be funded under the same terms and be subject to the same pro rata reduction as the percent decrease for administrative
                and other expenses to public housing agencies under paragraph (3) of this heading;
           (5) $75,000,000 for incremental rental voucher assistance for use through a supported housing program administered in conjunction
                with the Department of Veterans Affairs as authorized under section 8(o)(19) of the United States Housing Act of 1937: Provided, That the Secretary of Housing and Urban Development shall make such funding available, notwithstanding section 204 (competition
                provision) of this title, to public housing agencies that partner with eligible VA Medical Centers or other entities as designated
                by the Secretary of the Department of Veterans Affairs, based on geographical need for such assistance as identified by the
                Secretary of the Department of Veterans Affairs, public housing agency administrative performance, and other factors as specified
                by the Secretary of Housing and Urban Development in consultation with the Secretary of the Department of Veterans Affairs:
                Provided further, That the Secretary of Housing and Urban Development may waive, or specify alternative requirements for (in consultation
                with the Secretary of the Department of Veterans Affairs), any provision of any statute or regulation that the Secretary of
                Housing and Urban Development administers in connection with the use of funds made available under this paragraph (except
                for requirements related to fair housing, nondiscrimination, labor standards, and the environment), upon a finding by the
                Secretary that any such waivers or alternative requirements are necessary for the effective delivery and administration of
                such voucher assistance: Provided further, That assistance made available under this paragraph shall continue to remain available for homeless veterans upon turn-over;
                and
           (6) The Secretary shall separately track all special purpose vouchers funded under this heading.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0302–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Tenant Protection
                      117
                      94
                      150

                      0002
                      Administrative Fees
                      1,490
                      1,451
                      1,685

                      0003
                      Family Self Sufficiency Coordinators
                      61
                      62

                      0006
                      Contract Renewals
                      16,488
                      17,329
                      17,953

                      0007
                      Rental Assistance Demonstration

                      22

                      0008
                      Veterans Affairs Supportive Housing Vouchers
                      78
                      76
                      75

                      0012
                      Disaster Housing Assistance Program

                      2

                      0013
                      Section 811 Mainstream Vouchers
                      82
                      146
                      111

                      0900
                      Total new obligations (object class 41.0)
                      18,316
                      19,160
                      19,996

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      179
                      154

                      1021
                      Recoveries of prior year unpaid obligations
                      27

                      1050
                      Unobligated balance (total)
                      206
                      154

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      14,914
                      15,006
                      15,989

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –15

                      1121
                      Appropriations transferred from other accts [86–0304]

                      6

                      1121
                      Appropriations transferred from other accts [86–0163]

                      16

                      1160
                      Appropriation, discretionary (total)
                      14,914
                      15,006
                      15,996

                      Advance appropriations, discretionary:

                      1170
                      Advance appropriation
                      4,000
                      4,000
                      4,000

                      1173
                      Advance appropriations permanently reduced
                      –650

                      1180
                      Advanced appropriation, discretionary  (total)
                      3,350
                      4,000
                      4,000

                      1900
                      Budget authority (total)
                      18,264
                      19,006
                      19,996

                      1930
                      Total budgetary resources available
                      18,470
                      19,160
                      19,996

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      154

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1,677
                      2,008
                      2,249

                      3010
                      Obligations incurred, unexpired accounts
                      18,316
                      19,160
                      19,996

                      3020
                      Outlays (gross)
                      –17,952
                      –18,919
                      –19,956

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –27

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –6

                      3050
                      Unpaid obligations, end of year
                      2,008
                      2,249
                      2,289

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1,677
                      2,008
                      2,249

                      3200
                      Obligated balance, end of year
                      2,008
                      2,249
                      2,289

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      18,264
                      19,006
                      19,996

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      16,194
                      17,037
                      17,897

                      4011
                      Outlays from discretionary balances
                      1,758
                      1,882
                      2,059

                      4020
                      Outlays, gross (total)
                      17,952
                      18,919
                      19,956

                      4180
                      Budget authority, net (total)
                      18,264
                      19,006
                      19,996

                      4190
                      Outlays, net (total)
                      17,952
                      18,919
                      19,956

             The 2014 Budget provides $20 billion for the Tenant-Based Rental Assistance Program (also known as the Housing Choice Voucher
                program).  The Housing Choice Voucher program provides housing assistance to 2.2 million extremely low- to very low-income
                families to rent in the neighborhoods of their choice.  This is the Federal government's largest and most income-targeted
                program for assisting very low-income families to rent decent, safe and sanitary housing in the private market.  About 2,350
                state and local Public Housing Authorities (PHAs) administer the Housing Choice Voucher program.

             In addition to continuing assistance for families anticipated to be under lease by 2013, the Budget provides new vouchers
                to make progress on HUD's annual performance goals to maximize the number of families receiving rental assistance and to reduce
                the number of homeless veterans.  The Budget includes $111 million to renew over 14,000 vouchers for persons with disabilities
                that were previously funded from the Section 811 account, and $75 million in new vouchers for homeless veterans through the
                HUD-Veteran Affairs Supportive Housing (HUD-VASH) program.  The Budget also requests $150 million for tenant protection vouchers,
                which are provided when certain actions occur beyond the control of the residents, such as public housing demolition or disposition,
                or when landlords terminate their Project-Based Rental Assistance contracts.

              The Budget proposes comprehensive legislative reforms across HUD's core rental assistance programs (Housing Choice Vouchers,
                Project-Based Rental Assistance, and Public Housing).  The main goals of this legislation are to improve family outcomes,
                streamline program delivery, reduce burden on PHAs and private owners, and reduce short- and long-term program costs.

             This legislative proposal will include a substantial expansion of the Moving to Work (MTW) program to high-capacity PHAs.
                In partnership with HUD, participating PHAs will design and implement innovative policies related to housing preservation,
                family self-sufficiency, mobility, cost-effectiveness and other priority areas.  Key tenant protections will continue to apply
                and PHAs will be subject to rigorous reporting and evaluation requirements.

             Additional reforms include: (1) providing PHAs greater flexibility in the use of their funds for supportive services; (2)
                streamlining the Family Self-Sufficiency program; (3) allowing fixed-income families to recertify their incomes every three
                years; (4) simplifying and improving the annual plan requirement; (5) increasing the threshold used to determine deductions
                for unreimbursed medical expenses from 3 to 10 percent of family income; (6) broadening the definition of extremely low-income
                to apply to families with incomes that are the higher of 30 percent of area median income or the Federal poverty level; and
                (7) ensuring the responsible stewardship of Federal funds by establishing reasonable limits on compensation provided to PHA
                personnel.  This is part of a government-wide effort to review the compensation policy of non-Federal staff supported primarily
                with Federal funds.

             The proposed legislation will also address reforms specific to the Housing Choice Voucher program, such as: (1) authorizing
                the renewal formula to ensure predictability and stability for the program; (2) improving the Project-Based Voucher program;
                (3) addressing homelessness through expansion of the sponsor-based assistance model; (4) enabling biennial and alternative
                inspections, and (5) streamlining the process for establishing annual Fair Market Rents. The Administration also continues
                to improve the management of the Housing Choice Voucher program by working on the development of the Next Generation Management
                System, which will comprehensively overhaul and improve HUD information technology systems to better manage and administer
                the program.

             While some reforms are included in the general provisions at the end of this chapter, all others will be included in authorizing
                legislation to be transmitted to Congress in the Spring of 2013.

             Housing Certificate Fund
              (cancellation) 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", and the heading "Project-Based
                Rental Assistance", for fiscal year  2014 and prior years may be used for renewal of or amendments to section 8 project-based contracts and for performance-based contract
                administrators, notwithstanding the purposes for which such funds were appropriated: Provided, That any obligated balances of contract authority from fiscal year 1974 and prior that have been terminated are hereby permanently
                cancelled: Provided further, That amounts previously recaptured, or recaptured during the current fiscal year, from section 8 project-based contracts
                from source years fiscal year 1975 through fiscal year 1987 are hereby permanently cancelled, and an amount of additional
                new budget authority, equivalent to the amount permanently cancelled is hereby appropriated, to remain available until expended,
                for the purposes set forth under this heading, in addition to amounts otherwise available.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0319–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Contract Renewals

                      29

                      0900
                      Total new obligations (object class 41.0)

                      29

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      53
                      25

                      1021
                      Recoveries of prior year unpaid obligations
                      216
                      125
                      29

                      1025
                      Unobligated balance of contract authority withdrawn
                      –5

                      1029
                      Other balances withdrawn
                      –39
                      –12

                      1050
                      Unobligated balance (total)
                      225
                      138
                      29

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation

                      29

                      1131
                      Unobligated balance of appropriations permanently reduced (HCF funds)
                      –200
                      –95
                      –29

                      1131
                      Unobligated balance of appropriations permanently reduced (non-HCF funds)

                      –43

                      1160
                      Appropriation, discretionary (total)
                      –200
                      –138

                      1900
                      Budget authority (total)
                      –200
                      –138

                      1930
                      Total budgetary resources available
                      25

                      29

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      25

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      3,180
                      2,130
                      1,527

                      3010
                      Obligations incurred, unexpired accounts

                      29

                      3020
                      Outlays (gross)
                      –834
                      –478
                      –427

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –216
                      –125
                      –29

                      3050
                      Unpaid obligations, end of year
                      2,130
                      1,527
                      1,100

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      3,180
                      2,130
                      1,527

                      3200
                      Obligated balance, end of year
                      2,130
                      1,527
                      1,100

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      –200
                      –138

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority

                      1

                      4011
                      Outlays from discretionary balances
                      834
                      478
                      426

                      4020
                      Outlays, gross (total)
                      834
                      478
                      427

                      4180
                      Budget authority, net (total)
                      –200
                      –138

                      4190
                      Outlays, net (total)
                      834
                      478
                      427

                      Memorandum (non-add) entries:

                      5052
                      Obligated balance, SOY: Contract authority
                      5

             Until 2005, the Housing Certificate Fund provided funding to both the project-based and tenant-based components of the Section
                8 program. Project-Based Rental Assistance and Tenant-Based Rental Assistance are now funded in separate accounts.  The Housing
                Certificate Fund retains and recovers balances from previous years' appropriations, and uses those balances to support contract
                renewals, amendments, and performance-based contract administrators.

             Housing Programs
             project-based rental assistanceFor activities and assistance for the provision of project-based subsidy contracts under the United States Housing Act of
                1937 (42 U.S.C. 1437 et seq.) ("the Act''), not otherwise provided for, $9,872,000,000, to remain available until expended, shall be available on October 1,  2013 (in addition to the $400,000,000 previously appropriated under this heading that became available October 1,  2013), and $400,000,000, to remain available until expended, shall be available on October 1,  2014: Provided, That the amounts made available under this heading shall be available 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 (42 U.S.C. 11401), 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: Provided further, That of the total amounts provided under this heading, not to exceed  $265,000,000 shall be available for assistance agreements with performance-based contract administrators for section 8 project-based assistance, for carrying out 42 U.S.C. 1437(f): Provided further, That the Secretary of Housing and Urban Development may also use such amounts in the previous proviso for performance-based
                contract administrators for the administration of: 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 (12 U.S.C. 1701q); project rental assistance
                contracts for supportive housing for persons with disabilities under section 811(d)(2) of the Cranston-Gonzalez National Affordable
                Housing Act (42 U.S.C. 8013(d)(2)); 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): Provided further, That 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: Provided further, That, notwithstanding any other provision of law, upon the request of the Secretary of Housing and Urban Development, project
                funds that are held in residual receipts accounts for any project subject to a section 8 project-based Housing Assistance
                Payments contract that authorizes HUD to require that surplus project funds be deposited in an interest-bearing residual receipts
                account and that are in excess of an amount to be determined by the Secretary, shall be remitted to the Department and deposited
                in this account, to be available until expended: Provided further, That amounts deposited pursuant to the previous proviso shall be available in addition to the amount otherwise provided
                by this heading for uses authorized under this heading.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0303–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Contract Renewals
                      8,442
                      8,660
                      9,515

                      0002
                      RAD Contract Renewals

                      21

                      0003
                      Section 8 Amendments
                      556
                      625
                      612

                      0004
                      Contract Administrators
                      308
                      260
                      265

                      0005
                      Vouchers for Disaster Relief

                      1

                      0006
                      Tenant Information and Outreach
                      5

                      0900
                      Total new obligations (object class 41.0)
                      9,311
                      9,545
                      10,414

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      114
                      181
                      31

                      1021
                      Recoveries of prior year unpaid obligations
                      38

                      1050
                      Unobligated balance (total)
                      152
                      181
                      31

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      8,940
                      8,995
                      9,872

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –15

                      1121
                      Appropriations transferred from other accts [86–0163]

                      16

                      1121
                      Appropriations transferred from other accts [86–0304]

                      5

                      1160
                      Appropriation, discretionary (total)
                      8,940
                      8,995
                      9,878

                      Advance appropriations, discretionary:

                      1170
                      Advance appropriation
                      400
                      400
                      400

                      1180
                      Advanced appropriation, discretionary  (total)
                      400
                      400
                      400

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected

                      105

                      1750
                      Spending auth from offsetting collections, disc (total)

                      105

                      1900
                      Budget authority (total)
                      9,340
                      9,395
                      10,383

                      1930
                      Total budgetary resources available
                      9,492
                      9,576
                      10,414

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      181
                      31

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      5,584
                      5,613
                      5,600

                      3010
                      Obligations incurred, unexpired accounts
                      9,311
                      9,545
                      10,414

                      3020
                      Outlays (gross)
                      –9,244
                      –9,558
                      –10,079

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –38

                      3050
                      Unpaid obligations, end of year
                      5,613
                      5,600
                      5,935

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      5,584
                      5,613
                      5,600

                      3200
                      Obligated balance, end of year
                      5,613
                      5,600
                      5,935

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      9,340
                      9,395
                      10,383

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      3,786
                      4,808
                      5,293

                      4011
                      Outlays from discretionary balances
                      5,458
                      4,750
                      4,786

                      4020
                      Outlays, gross (total)
                      9,244
                      9,558
                      10,079

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources

                      –105

                      4180
                      Budget authority, net (total)
                      9,340
                      9,395
                      10,278

                      4190
                      Outlays, net (total)
                      9,244
                      9,558
                      9,974

             The Budget requests $10.3 billion for Project-Based Rental Assistance (PBRA), of which $400 million is requested as an advance
                appropriation to become available in 2015.  The PBRA program assists approximately 1.2 million extremely low- to low-income
                households in obtaining decent, safe, and sanitary housing in private accommodations. PBRA serves families, elderly and disabled
                households and provides transitional housing for the homeless. Through this funding, HUD supports approximately 17,500 contracts
                with private owners of multifamily housing by paying the difference between what a household can afford, generally 30 percent
                of its eligible income, and the approved market-based rent for a housing unit.

             The Budget proposes comprehensive legislative reforms to HUD's core rental assistance programs, including PBRA.  In addition
                to crosscutting reforms, which are summarized under the Tenant-Based Rental Assistance heading, the Budget includes the following
                proposals that are specific to the PBRA program: (1) collects excess reserves (residual receipts) from owners in the PBRA
                program and uses them to cover a portion of the assistance payments; (2) establishes a demonstration allowing HUD to enter
                multi-year agreements to repay private investors who provide upfront funding for energy efficiency retrofits of HUD-assisted
                housing; and (3) amends the Low-Income Housing Preservation and Resident Homeownership Act (LIHPRHA) to align owner distribution
                policies in properties governed by LIHPRHA with other PBRA-assisted properties in order to facilitate preservation transactions.
                HUD also plans to implement a Flexible Portfolio Demonstration, which would offer regulatory and administrative flexibilities
                to high-performing multifamily owners in exchange for commitments to provide costs savings and to preserve property affordability.

             Program activities include the following:
             Contract Renewals and Amendments.—These activities provide funding for HUD to renew expiring contracts and amend contracts that have not expired but require
                additional funding for HUD to meet remaining payment obligations.  These funds cover the direct housing costs of families
                in the program.  Currently, 91 percent of contracts are funded annually; the other 9 percent are long-term contracts funded
                with previous appropriations, of which 45 percent will need amendment funding in 2014. Appropriations for these activities
                are supplemented with recoveries of excess balances remaining on expired contracts that utilized less than anticipated resources
                during their initial terms.

             Contract Administrators.—This activity funds the local level administration of the program through HUD contracts with performance-based contract
                administrators. These entities, which are typically public housing authorities or state housing finance agencies, are responsible
                for conducting on-site management reviews of assisted properties; adjusting contract rents; reviewing, processing, and paying
                monthly vouchers submitted by owners; renewing contracts with property owners; and responding to health and safety issues
                at properties. The Budget requests up to $265 million for this purpose.

             Public Housing Capital FundFor 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 (42 U.S.C. 1437g) (the "Act''), $2,000,000,000, to remain available until September 30, 2017: Provided, That notwithstanding any other provision of law or regulation, during fiscal year 2014 the Secretary of Housing and Urban Development 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 up to $8,000,000 shall be to support ongoing Public Housing Financial and Physical Assessment activities: Provided further, That of the total amount provided under this heading, not to exceed $20,000,000 shall be available for the Secretary to
                make grants, notwithstanding section 204 of this Act, to public housing agencies for emergency capital needs resulting from
                unforeseen or unpreventable emergencies and natural disasters excluding Presidentially declared emergencies and natural disasters
                under the Robert T. Stafford Disaster Relief and Emergency Act (42 U.S.C. 5121 et seq.) occurring in fiscal year 2014:  Provided further, That from the funds made available under this heading, the Secretary shall provide bonus awards in fiscal year 2014 to public housing agencies that are designated high performers: Provided further, That up to $15,000,000 of funds made available under this heading shall be used for a Jobs-Plus Pilot initiative modeled after the Jobs-Plus demonstration:
                Provided further, That the Jobs-Plus Pilot initiative shall provide competitive grants to partnerships between public housing authorities,
                local workforce investment boards established under section 117 of the Workforce Investment Act of 1998, and other agencies
                and organizations that provide support to help public housing residents obtain employment and increase earnings: Provided further, That the Secretary may waive or specify alternative requirements for any provision of the United States Housing Act of 1937
                (except for requirements related to fair housing, nondiscrimination, labor standards, and the environment) upon a finding
                by the Secretary that any such waivers or alternative requirements are necessary for the effective implementation of the Jobs-Plus
                Pilot initiative: Provided further, That the Secretary shall publish by notice in the Federal Register any waivers or alternative requirements pursuant to the
                preceding proviso no later than 10 days before the effective date of such notice.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0304–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Capital Grants
                      1,789
                      1,843
                      1,936

                      0002
                      Technical Assistance
                      2
                      1

                      0003
                      Emergency/Disaster Reserve
                      16
                      20
                      20

                      0006
                      Resident Opportunities and Supportive Services
                      50
                      50

                      0007
                      Administrative Receivership
                      3
                      10
                      10

                      0008
                      Financial and Physical Assessment Support
                      13
                      18
                      18

                      0009
                      Early Childhood Education Facilities
                      7

                      0010
                      Jobs-Plus Pilot

                      15

                      0900
                      Total new obligations (object class 41.0)
                      1,880
                      1,942
                      1,999

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      76
                      87
                      20

                      1021
                      Recoveries of prior year unpaid obligations
                      102

                      1029
                      Other balances withdrawn
                      –83
                      –11

                      1050
                      Unobligated balance (total)
                      95
                      76
                      20

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      1,875
                      1,886
                      2,000

                      1120
                      Appropriations transferred to other accts [86–0303]

                      –5

                      1120
                      Appropriations transferred to other accts [86–0302]

                      –6

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –10

                      1160
                      Appropriation, discretionary (total)
                      1,875
                      1,886
                      1,979

                      1900
                      Budget authority (total)
                      1,875
                      1,886
                      1,979

                      1930
                      Total budgetary resources available
                      1,970
                      1,962
                      1,999

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –3

                      1941
                      Unexpired unobligated balance, end of year
                      87
                      20

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      5,635
                      4,688
                      4,130

                      3010
                      Obligations incurred, unexpired accounts
                      1,880
                      1,942
                      1,999

                      3020
                      Outlays (gross)
                      –2,719
                      –2,500
                      –2,388

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –102

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –6

                      3050
                      Unpaid obligations, end of year
                      4,688
                      4,130
                      3,741

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      5,635
                      4,688
                      4,130

                      3200
                      Obligated balance, end of year
                      4,688
                      4,130
                      3,741

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      1,875
                      1,886
                      1,979

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      93
                      38
                      40

                      4011
                      Outlays from discretionary balances
                      2,538
                      2,462
                      2,348

                      4020
                      Outlays, gross (total)
                      2,631
                      2,500
                      2,388

                      Mandatory:

                      Outlays, gross:

                      4101
                      Outlays from mandatory balances
                      88

                      4180
                      Budget authority, net (total)
                      1,875
                      1,886
                      1,979

                      4190
                      Outlays, net (total)
                      2,719
                      2,500
                      2,388

              The Budget proposes $2 billion for the Public Housing Capital Fund, a formula program designed to respond to the capital
                and management improvement requirements of Public Housing properties. This program preserves and enhances a valuable affordable
                housing resource that serves approximately 1.1 million low-income families.  Of the amount requested, over $1.9 billion will
                fund capital grants to Public Housing Authorities.  The balance includes: up to $20 million for emergency capital needs resulting
                from non-Presidentially declared emergencies and natural disasters; up to $15 million for a Jobs-Plus pilot modeled after
                the evidence-based Jobs-Plus demonstration; and up to $8 million for Public Housing financial and physical assessment support.

             Public Housing Operating FundFor 2014 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 (42 U.S.C. 1437g(e)), $4,600,000,000: Provided, That in determining public housing agencies', including Moving to Work agencies', calendar year 2014 funding allocations under this heading, the Secretary shall take into account the impact of changes in  flat rents and medical expense thresholds on public housing agencies' formula income levels.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0163–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Operating Subsidy
                      3,957
                      3,991
                      4,560

                      0900
                      Total new obligations (object class 41.0)
                      3,957
                      3,991
                      4,560

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      3
                      8

                      1029
                      Other balances withdrawn

                      –3

                      1050
                      Unobligated balance (total)
                      3
                      5

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      3,962
                      3,986
                      4,600

                      1120
                      Appropriations transferred to other accts [86–0302]

                      –16

                      1120
                      Appropriations transferred to other accts [86–0303]

                      –16

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –8

                      1160
                      Appropriation, discretionary (total)
                      3,962
                      3,986
                      4,560

                      1900
                      Budget authority (total)
                      3,962
                      3,986
                      4,560

                      1930
                      Total budgetary resources available
                      3,965
                      3,991
                      4,560

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      8

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1,312
                      1,048
                      1,116

                      3010
                      Obligations incurred, unexpired accounts
                      3,957
                      3,991
                      4,560

                      3020
                      Outlays (gross)
                      –4,220
                      –3,923
                      –4,399

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      1,048
                      1,116
                      1,277

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1,312
                      1,048
                      1,116

                      3200
                      Obligated balance, end of year
                      1,048
                      1,116
                      1,277

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      3,962
                      3,986
                      4,560

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      2,922
                      2,870
                      3,283

                      4011
                      Outlays from discretionary balances
                      1,298
                      1,053
                      1,116

                      4020
                      Outlays, gross (total)
                      4,220
                      3,923
                      4,399

                      4180
                      Budget authority, net (total)
                      3,962
                      3,986
                      4,560

                      4190
                      Outlays, net (total)
                      4,220
                      3,923
                      4,399

              The Budget requests $4.6 billion for the Public Housing Operating Fund, which provides subsidies to Public Housing Authorities
                (PHAs) to assist in funding the operating expenses of Public Housing units in accordance with Section 9(e) of the United States
                Housing Act of 1937.  This request is equal to 90 percent of PHAs' estimated funding eligibility under the Operating Fund
                formula.

             The Budget also proposes comprehensive legislative reforms to HUD's core rental assistance programs, including Public Housing.
                In addition to crosscutting reforms, which are summarized under the Tenant-Based Rental Assistance heading, the Budget includes
                the following proposals that are specific to Public Housing: (1) provides all PHAs with full flexibility to use their operating
                and capital funds for any eligible expense under both programs; (2) phases in a flat rent floor of 80 percent of the applicable
                fair market rent; (3) allows PHAs to form consortia for the purposes of administering Public Housing; (4) streamlines the
                community service requirement; and (5) establishes a utilities conservation pilot to encourage PHAs to undertake energy conservation
                measures and reduce Federal costs.  The first three proposals are reflected in the general provisions at the end of this budget
                chapter; the latter two will be included in authorizing legislation to be submitted to Congress in the spring of 2013.

             Drug Elimination Grants for Low-income Housing

             Program and Financing (in millions of dollars)

                      Identification code 86–0197–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      1
                      1

                      1029
                      Other balances withdrawn

                      –1

                      1050
                      Unobligated balance (total)
                      1

                      1930
                      Total budgetary resources available
                      1

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1
                      1
                      1

                      3050
                      Unpaid obligations, end of year
                      1
                      1
                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1
                      1
                      1

                      3200
                      Obligated balance, end of year
                      1
                      1
                      1

             No new appropriations have been provided for the Public Housing Drug Elimination Grants program since 2001.

             Choice Neighborhoods InitiativeFor competitive grants under the Choice Neighborhoods Initiative for transformation, rehabilitation, and replacement housing
                needs of both public and HUD-assisted housing and to transform neighborhoods of poverty into functioning, sustainable mixed
                income neighborhoods with appropriate services, schools, public assets, transportation and access to jobs, $400,000,000, to remain available until September 30, 2016, of which the Secretary of Housing and Urban Development may use up to $5,000,000 for technical assistance and contract expertise,
                including training and the cost of necessary travel for participants in such training, to be provided directly or indirectly
                through grants, contracts or cooperative agreements by or to officials and employees of the Department and of grantees and to residents: Provided, That grant funds may be used for resident and community services, community development, and affordable housing needs, including housing vouchers (the renewal of which shall be funded solely from this account), in the community, and for conversion of vacant or foreclosed properties to affordable housing: Provided further, That grantees shall commit to an additional period of affordability determined by the Secretary, but not fewer than 20 years:
                Provided further, That grantees shall undertake comprehensive local planning with input from residents and the community, and that grantees
                shall provide a match in State, local, other Federal or private funds: Provided further, That grantees may include local governments, tribal entities, public housing authorities, and nonprofits: Provided further, That for-profit developers may apply jointly with a public entity: Provided further, That such grantees shall create partnerships with other local organizations including assisted housing owners, service agencies,
                and resident organizations: Provided further, That the Secretary shall consult with the Secretaries of Education, Labor, Transportation, Health and Human Services, Agriculture,
                and Commerce, the Attorney General and the Administrator of the Environmental Protection Agency to coordinate and leverage
                other appropriate Federal resources.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0349–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Choice Neighborhoods Grants
                      1
                      240
                      398

                      0900
                      Total new obligations (object class 41.0)
                      1
                      240
                      398

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1

                      119

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      120
                      121
                      400

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –2

                      1160
                      Appropriation, discretionary (total)
                      120
                      121
                      398

                      1930
                      Total budgetary resources available
                      120
                      240
                      398

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      119

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      1
                      233

                      3010
                      Obligations incurred, unexpired accounts
                      1
                      240
                      398

                      3020
                      Outlays (gross)

                      –8
                      –36

                      3050
                      Unpaid obligations, end of year
                      1
                      233
                      595

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year

                      1
                      233

                      3200
                      Obligated balance, end of year
                      1
                      233
                      595

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      120
                      121
                      398

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances

                      8
                      36

                      4180
                      Budget authority, net (total)
                      120
                      121
                      398

                      4190
                      Outlays, net (total)

                      8
                      36

             The Budget proposes $400 million for Choice Neighborhoods to continue the transformation of neighborhoods of poverty into
                sustainable, mixed-income neighborhoods with well-functioning services, schools, public assets, transportation, and access
                to jobs.  The goal of the program is to transform distressed neighborhoods and improve the quality of life of current and
                future residents by coordinating and concentrating neighborhood investments from multiple sources.  To date, the Department
                has awarded 9 implementation grants in the amount of $231 million and 47 planning grants in the amount of $12.6 million.
                The Budget will fund an additional 10 implementation grants and 20 planning grants.

             Choice Neighborhoods builds on the successes of Public Housing transformation under HOPE VI with a broader approach to concentrated
                poverty.  In addition to preserving, rehabilitating, and transforming distressed Public Housing and other HUD-assisted rental
                properties, Choice Neighborhoods implementation grants support key social service investments as well as a range of community
                and economic development activities.  A strong emphasis is placed on improving outcomes for youth by leveraging evidence-based
                school reforms and early education and after school programs.  Grantees, which include public housing authorities, local governments,
                non-profits and for-profit developers, are required to undertake comprehensive local planning with input from residents and
                community stakeholders.

             Choice Neighborhoods is also a central component of the Administration's new Promise Zones—high-poverty communities where
                the Federal government will work with local leadership to invest and engage more intensely to create jobs, leverage private
                investment, increase economic activity, reduce violence and expand educational opportunities.  The Budget includes companion
                investments of $200 million and $10 million, respectively, in HUD's Neighborhood Stabilization and Rental Assistance Demonstration
                programs, $300 million in the Department of Education's Promise Neighborhoods program, and $35 million in the Department of
                Justice's Byrne Criminal Justice Innovation Grants program, as well as tax incentives to promote investment and economic growth.

             Revitalization of Severely Distressed Public Housing (HOPE VI)

             Program and Financing (in millions of dollars)

                      Identification code 86–0218–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      HOPE VI Grants and Technical Assistance
                      9
                      2
                      5

                      0900
                      Total new obligations (object class 41.0)
                      9
                      2
                      5

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      13
                      7
                      5

                      1021
                      Recoveries of prior year unpaid obligations
                      2

                      1050
                      Unobligated balance (total)
                      15
                      7
                      5

                      Budget authority:

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      2

                      1750
                      Spending auth from offsetting collections, disc (total)
                      2

                      1900
                      Budget authority (total)
                      2

                      1930
                      Total budgetary resources available
                      17
                      7
                      5

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –1

                      1941
                      Unexpired unobligated balance, end of year
                      7
                      5

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      670
                      546
                      418

                      3010
                      Obligations incurred, unexpired accounts
                      9
                      2
                      5

                      3020
                      Outlays (gross)
                      –131
                      –130
                      –130

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –2

                      3050
                      Unpaid obligations, end of year
                      546
                      418
                      293

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      670
                      546
                      418

                      3200
                      Obligated balance, end of year
                      546
                      418
                      293

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      2

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      131
                      130
                      130

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4030
                      Federal sources
                      –2

                      4190
                      Outlays, net (total)
                      129
                      130
                      130

             The HOPE VI program, in coordination with funding from the Public Housing Capital Fund, has accomplished its goal of contributing
                to the demolition of 100,000 severely distressed Public Housing units.  The Budget proposes no additional funds for this program.
                Instead, the Budget builds on the success of HOPE VI with the Choice Neighborhoods program, which makes a broad range of transformative
                investments in high-poverty neighborhoods where Public Housing and other HUD-assisted housing is concentrated

             Remaining balances of HOPE VI grants will spend out over several years as redevelopment projects are completed.  Cumulative
                results of the HOPE VI program as of September 30, 2012 are as follows: 75,116 households relocated; 96,456 units demolished;
                93,265 units (new and rehabilitated) completed; and 92,139 completed units occupied.

             Family Self-SufficiencyFor the Family Self-Sufficiency program to support family self-sufficiency coordinators under section 23 of the United States
                Housing Act of 1937, to promote the development of local strategies to coordinate the use of assistance under sections 8(o) and 9 of such Act
                   with public and private resources, and enable eligible families to achieve economic independence and self-sufficiency, $75,000,000: Provided, That the Secretary may, by Federal Register notice, waive or specify alternative requirements (except for requirements related to fair housing, nondiscrimination, labor standards,
                and the environment) for any provision of  section 23 of such Act in order to better fulfill the purposes of section 23 of such Act, as determined by the Secretary.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0350–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Family Self-Sufficiency

                      75

                      0900
                      Total new obligations (object class 41.0)

                      75

                      Budgetary Resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation

                      75

                      1160
                      Appropriation, discretionary (total)

                      75

                      1930
                      Total budgetary resources available

                      75

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      Obligations incurred, unexpired accounts

                      75

                      3050
                      Unpaid obligations, end of year

                      75

                      Memorandum (non-add) entries:

                      3200
                      Obligated balance, end of year

                      75

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross

                      75

                      4180
                      Budget authority, net (total)

                      75

             The Budget requests $75 million for a consolidated Family Self-Sufficiency (FSS) Program to help Housing Choice Voucher and
                Public Housing residents achieve self-sufficiency and economic independence.  The FSS program is designed to provide service
                coordination through community partnerships that link assisted residents with employment assistance, job training, child care,
                transportation, financial literacy, and other supportive services.  The funding will be allocated through one competition
                to eligible Public Housing Authorities (PHAs) to support service coordinators.  Rather than operate two separate and independently
                administered FSS programs for Housing Choice Voucher and Public Housing families, the Budget proposes to consolidate and align
                the FSS program into one program to enable PHAs to more uniformly serve both programs' residents.

             In addition to the FSS program consolidation, the Budget includes flexible authorities for PHAs to combine and use a portion
                of their funds from the Public Housing Operating and Capital Funds, and Tenant-Based Rental Assistance administrative fees
                towards additional service coordination that could complement the FSS program or provide residents with other supportive services
                that promote positive resident outcomes related to education, health, self-sufficiency and quality of life.

             Native American Housing Block GrantsFor 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.), $650,000,000, to remain available until September 30,
                2018: 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 amount provided under this heading, $2,000,000 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 $16,530,000.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0313–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0010
                      Indian Housing Block Grants
                      682
                      685
                      640

                      0011
                      Technical Assistance
                      3
                      6
                      2

                      0015
                      National American Indian Housing Council
                      4
                      4

                      0091
                      Direct program activities, subtotal
                      689
                      695
                      642

                      Credit program obligations:

                      0702
                      Loan guarantee subsidy
                      2
                      5
                      5

                      0707
                      Reestimates of loan guarantee subsidy

                      1

                      0791
                      Direct program activities, subtotal
                      2
                      6
                      5

                      0900
                      Total new obligations (object class 41.0)
                      691
                      701
                      647

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      81
                      45

                      1021
                      Recoveries of prior year unpaid obligations
                      4

                      1050
                      Unobligated balance (total)
                      85
                      45

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      650
                      654
                      650

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –3

                      1160
                      Appropriation, discretionary (total)
                      650
                      654
                      647

                      Appropriations, mandatory:

                      1200
                      Appropriation

                      2

                      1260
                      Appropriations, mandatory (total)

                      2

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      1

                      1750
                      Spending auth from offsetting collections, disc (total)
                      1

                      1900
                      Budget authority (total)
                      651
                      656
                      647

                      1930
                      Total budgetary resources available
                      736
                      701
                      647

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      45

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1,172
                      1,104
                      1,155

                      3010
                      Obligations incurred, unexpired accounts
                      691
                      701
                      647

                      3020
                      Outlays (gross)
                      –752
                      –650
                      –673

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –4

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –3

                      3050
                      Unpaid obligations, end of year
                      1,104
                      1,155
                      1,129

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1,172
                      1,104
                      1,155

                      3200
                      Obligated balance, end of year
                      1,104
                      1,155
                      1,129

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      651
                      654
                      647

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      192
                      193
                      191

                      4011
                      Outlays from discretionary balances
                      560
                      457
                      482

                      4020
                      Outlays, gross (total)
                      752
                      650
                      673

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources
                      –1

                      Mandatory:

                      4090
                      Budget authority, gross

                      2

                      4180
                      Budget authority, net (total)
                      650
                      656
                      647

                      4190
                      Outlays, net (total)
                      751
                      650
                      673

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

                      Identification code 86–0313–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Guaranteed loan levels supportable by subsidy budget authority:

                      215001
                      Title VI Indian Federal Guarantees Program
                      20
                      45
                      45

                      215999
                      Total loan guarantee levels
                      20
                      45
                      45

                      Guaranteed loan subsidy (in percent):

                      232001
                      Title VI Indian Federal Guarantees Program
                      10.80
                      10.91
                      12.10

                      232999
                      Weighted average subsidy rate
                      10.80
                      10.91
                      12.10

                      Guaranteed loan subsidy budget authority:

                      233001
                      Title VI Indian Federal Guarantees Program
                      2
                      5
                      5

                      233999
                      Total subsidy budget authority
                      2
                      5
                      5

                      Guaranteed loan subsidy outlays:

                      234001
                      Title VI Indian Federal Guarantees Program
                      2
                      2
                      2

                      234999
                      Total subsidy outlays
                      2
                      2
                      2

                      Guaranteed loan upward reestimates:

                      235001
                      Title VI Indian Federal Guarantees Program

                      2

                      235999
                      Total upward reestimate budget authority

                      2

                      Guaranteed loan downward reestimates:

                      237001
                      Title VI Indian Federal Guarantees Program
                      –3
                      –3

                      237999
                      Total downward reestimate subsidy budget authority
                      –3
                      –3

             Title I of the Native American Housing Assistance and Self-Determination Act (NAHASDA) of 1996 (P.L. 104–330) authorized the
                Native American Housing Block Grant program. This program provides an allocation of funds on a formula basis to Indian tribes
                and their tribally designated housing entities to help them address housing needs within their communities. HUD estimated
                that in 2011, out of a population of 1.5 million American Indians and Alaska Natives in block grant formula areas, over 100,000
                households were either overcrowded or lacked adequate plumbing or kitchen facilities.

             The Budget includes $650 million for the total activities of this program in 2014, including $2 million for the Title VI loan
                guarantee program, which will guarantee $16.5 million in loans to tribes.  A primary goal of the Title VI program is to encourage
                private lenders to provide financing in Indian Country.  The program provides for the Federal guarantee of notes or other
                obligations issued by Indian tribes or tribally designated housing entities for the purpose of financing affordable housing
                activities described in section 202 of the Act.

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

             Native Hawaiian Housing Block GrantFor 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.), $13,000,000, to remain available until September 30, 2018: Provided, That of this amount, $300,000 shall be for training and technical assistance activities, including up to $100,000 for related
                travel by Hawaii-based  employees of the Department of Housing and Urban Development.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0235–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Native Hawaiian Housing Block Grant
                      13
                      14
                      13

                      0900
                      Total new obligations (object class 41.0)
                      13
                      14
                      13

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      1
                      1

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      13
                      13
                      13

                      1160
                      Appropriation, discretionary (total)
                      13
                      13
                      13

                      1930
                      Total budgetary resources available
                      14
                      14
                      13

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      43
                      53
                      54

                      3010
                      Obligations incurred, unexpired accounts
                      13
                      14
                      13

                      3020
                      Outlays (gross)
                      –3
                      –13
                      –16

                      3050
                      Unpaid obligations, end of year
                      53
                      54
                      51

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      43
                      53
                      54

                      3200
                      Obligated balance, end of year
                      53
                      54
                      51

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      13
                      13
                      13

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority

                      1
                      1

                      4011
                      Outlays from discretionary balances
                      3
                      12
                      15

                      4020
                      Outlays, gross (total)
                      3
                      13
                      16

                      4180
                      Budget authority, net (total)
                      13
                      13
                      13

                      4190
                      Outlays, net (total)
                      3
                      13
                      16

             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
                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.  The Budget
                requests $13 million for this program.

             Indian Housing Loan Guarantee Fund Program AccountFor the cost of guaranteed loans, as authorized by section 184 of the Housing and Community Development Act of 1992 (12 U.S.C.
                1715z), $6,000,000, 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: Provided further, That these funds are available to subsidize total loan principal, any part of which is to be guaranteed, up to $1,818,000,000, to remain available until expended: Provided further, That up to $750,000 of this amount may be used for administrative contract expenses including management processes and systems to carry out the
                loan guarantee program.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0223–0–1–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0702
                      Loan guarantee subsidy
                      11
                      5
                      5

                      0707
                      Reestimates of loan guarantee subsidy
                      14
                      3

                      0708
                      Interest on reestimates of loan guarantee subsidy
                      6
                      5

                      0709
                      Administrative expenses

                      1

                      0900
                      Total new obligations
                      31
                      13
                      6

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      8
                      3
                      2

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      6
                      6
                      6

                      1160
                      Appropriation, discretionary (total)
                      6
                      6
                      6

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      20
                      6

                      1260
                      Appropriations, mandatory (total)
                      20
                      6

                      1900
                      Budget authority (total)
                      26
                      12
                      6

                      1930
                      Total budgetary resources available
                      34
                      15
                      8

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      3
                      2
                      2

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      2
                      4
                      5

                      3001
                      Adjustments to unpaid obligations, brought forward, Oct 1
                      –1

                      3010
                      Obligations incurred, unexpired accounts
                      31
                      13
                      6

                      3020
                      Outlays (gross)
                      –28
                      –12
                      –6

                      3050
                      Unpaid obligations, end of year
                      4
                      5
                      5

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1
                      4
                      5

                      3200
                      Obligated balance, end of year
                      4
                      5
                      5

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      6
                      6
                      6

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority

                      5
                      5

                      4011
                      Outlays from discretionary balances
                      8
                      7
                      1

                      4020
                      Outlays, gross (total)
                      8
                      12
                      6

                      Mandatory:

                      4090
                      Budget authority, gross
                      20
                      6

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      20

                      4180
                      Budget authority, net (total)
                      26
                      12
                      6

                      4190
                      Outlays, net (total)
                      28
                      12
                      6

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

                      Identification code 86–0223–0–1–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Guaranteed loan levels supportable by subsidy budget authority:

                      215001
                      Indian Housing Loan Guarantee
                      792
                      368
                      1,818

                      215999
                      Total loan guarantee levels
                      792
                      368
                      1,818

                      Guaranteed loan subsidy (in percent):

                      232001
                      Indian Housing Loan Guarantee
                      1.46
                      1.35
                      0.33

                      232999
                      Weighted average subsidy rate
                      1.46
                      1.35
                      0.33

                      Guaranteed loan subsidy budget authority:

                      233001
                      Indian Housing Loan Guarantee
                      12
                      5
                      6

                      233999
                      Total subsidy budget authority
                      12
                      5
                      6

                      Guaranteed loan subsidy outlays:

                      234001
                      Indian Housing Loan Guarantee
                      7
                      5
                      4

                      234999
                      Total subsidy outlays
                      7
                      5
                      4

                      Guaranteed loan upward reestimates:

                      235001
                      Indian Housing Loan Guarantee
                      20
                      7

                      235999
                      Total upward reestimate budget authority
                      20
                      7

                      Guaranteed loan downward reestimates:

                      237001
                      Indian Housing Loan Guarantee
                      –1
                      –12

                      237999
                      Total downward reestimate subsidy budget authority
                      –1
                      –12

             The Indian Housing Loan Guarantee 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.  The Budget provides $6 million to support additional loan guarantee activity and administrative
                systems support.  In 2014, this program is projected to grow by 25 percent, representing almost 6,300 loans to American Indian
                borrowers.  To support this increase in demand, the Budget proposes giving HUD increased flexibility to raise fees within
                this program to ensure the necessary resources are available.  For 2014, HUD proposes using this authority to raise the upfront
                fee 50 basis points to 1.5 percent, allowing it to subsidize up to $1.82 billion in Indian housing loans.  The program has
                issued 18,949 loan guarantees totaling $2.99 billion since 1995, with 52 percent of the activity occurring in 2010, 2011 and
                2012.  Even through the national foreclosure crisis, the program has maintained a claims rate of less than one and a half
                percent.

             HUD will also submit a legislative proposal in the spring of 2013 to authorize qualifying lenders delegation of authority
                to participate in a direct guarantee process for underwriting loans.  This will allow the Section 184 program to operate more
                efficiently and provide capital to more potential homebuyers.

             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.

          Object Classification (in millions of dollars)

                      Identification code 86–0223–0–1–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      1
                      2
                      1

                      41.0
                      Grants, subsidies, and contributions
                      30
                      11
                      5

                      99.9
                      Total new obligations
                      31
                      13
                      6

             Indian Housing Loan Guarantee Fund Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4104–0–3–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0711
                      Default claim payments on principal
                      15
                      5
                      7

                      0713
                      Payment of interest to Treasury
                      2
                      2
                      2

                      0742
                      Downward reestimate paid to receipt account
                      1
                      12

                      0900
                      Total new obligations
                      18
                      19
                      9

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      54
                      82
                      81

                      Financing authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      44
                      18
                      19

                      1801
                      Change in uncollected payments, Federal sources
                      2

                      1850
                      Spending auth from offsetting collections, mand (total)
                      46
                      18
                      19

                      1900
                      Financing authority (total)
                      46
                      18
                      19

                      1930
                      Total budgetary resources available
                      100
                      100
                      100

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      82
                      81
                      91

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1

                      19

                      3001
                      Adjustments to unpaid obligations, brought forward, Oct 1
                      –2

                      3010
                      Obligations incurred, unexpired accounts
                      18
                      19
                      9

                      3020
                      Financing disbursements (gross)
                      –17

                      3050
                      Unpaid obligations, end of year

                      19
                      28

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –1
                      –3
                      –3

                      3070
                      Change in uncollected pymts, Fed sources, unexpired
                      –2

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –3
                      –3
                      –3

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      –2
                      –3
                      16

                      3200
                      Obligated balance, end of year
                      –3
                      16
                      25

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      46
                      18
                      19

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      17

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Federal sources: Payments from program account
                      –28
                      –12
                      –4

                      4122
                      Interest on uninvested funds
                      –3
                      –2
                      –3

                      4123
                      Non-Federal sources
                      –13
                      –4
                      –12

                      4130
                      Offsets against gross financing auth and disbursements (total)
                      –44
                      –18
                      –19

                      Additional offsets against financing authority only (total):

                      4140
                      Change in uncollected pymts, Fed sources, unexpired
                      –2

                      4170
                      Financing disbursements, net (mandatory)
                      –27
                      –18
                      –19

                      4190
                      Financing disbursements, net (total)
                      –27
                      –18
                      –19

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 86–4104–0–3–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Position with respect to appropriations act limitation on commitments:

                      2111
                      Limitation on guaranteed loans made by private lenders
                      360
                      360
                      1,818

                      2121
                      Limitation available from carry-forward
                      440
                      8

                      2143
                      Uncommitted limitation carried forward
                      –8

                      2150
                      Total guaranteed loan commitments
                      792
                      368
                      1,818

                      2199
                      Guaranteed amount of guaranteed loan commitments
                      792
                      368
                      1,818

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      2,189
                      2,841
                      3,671

                      2231
                      Disbursements of new guaranteed loans
                      671
                      850
                      1,050

                      2251
                      Repayments and prepayments
                      –4
                      –4
                      –4

                      2263
                      Adjustments: Terminations for default that result in claim payments
                      –15
                      –16
                      –16

                      2290
                      Outstanding, end of year
                      2,841
                      3,671
                      4,701

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      2,841
                      3,671
                      4,701

             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
                      2011 actual
                      2012 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      34
                      67

                      1504
                      Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable: Foreclosed property

                      19

                      1999
                      Total assets
                      34
                      86

                      LIABILITIES:

                      2103
                      Federal liabilities: Debt Payable to Treasury
                      10
                      20

                      Non-Federal liabilities:

                      2204
                      Liabilities for loan guarantees
                      4
                      48

                      2207
                      Unearned revenues and advances
                      20
                      18

                      2999
                      Total liabilities
                      34
                      86

                      4999
                      Total liabilities and net position
                      34
                      86

             Native Hawaiian Housing Loan Guarantee Fund Program Account
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0233–0–1–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      5
                      5
                      5

                      1930
                      Total budgetary resources available
                      5
                      5
                      5

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      5
                      5
                      5

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      –3
                      1
                      1

                      3001
                      Adjustments to unpaid obligations, brought forward, Oct 1
                      4

                      3020
                      Outlays (gross)

                      –1

                      3050
                      Unpaid obligations, end of year
                      1
                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1
                      1
                      1

                      3200
                      Obligated balance, end of year
                      1
                      1

                      Budget authority and outlays, net:

                      Discretionary:

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances

                      1

                      4190
                      Outlays, net (total)

                      1

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

                      Identification code 86–0233–0–1–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Guaranteed loan levels supportable by subsidy budget authority:

                      215001
                      Native Hawaiian Housing Loan Guarantees
                      4
                      14
                      38

                      215999
                      Total loan guarantee levels
                      4
                      14
                      38

                      Guaranteed loan subsidy (in percent):

                      232001
                      Native Hawaiian Housing Loan Guarantees
                      0.93
                      0.50
                      0.53

                      232999
                      Weighted average subsidy rate
                      0.93
                      0.50
                      0.53

                      Guaranteed loan subsidy budget authority:

                      233001
                      Native Hawaiian Housing Loan Guarantees

                      1
                      1

                      233999
                      Total subsidy budget authority

                      1
                      1

                      Guaranteed loan downward reestimates:

                      237001
                      Native Hawaiian Housing Loan Guarantees

                      –1

                      237999
                      Total downward reestimate subsidy budget authority

                      –1

             The Native Hawaiian Housing Loan Guarantee program provides access to 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.  Because the program has sufficient carryover funds, the 2014 Budget does not provide any new
                credit subsidy budget 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 basis. The administrative expenses are shown on a cash
                basis.

             Native Hawaiian Housing Loan Guarantee Fund Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4351–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0742
                      Downward reestimate paid to receipt account

                      1

                      0900
                      Total new obligations

                      1

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      8
                      2
                      1

                      1020
                      Adjustment of unobligated bal brought forward, Oct 1
                      –6

                      1050
                      Unobligated balance (total)
                      2
                      2
                      1

                      1930
                      Total budgetary resources available
                      2
                      2
                      1

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      2
                      1
                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      1

                      3010
                      Obligations incurred, unexpired accounts

                      1

                      3050
                      Unpaid obligations, end of year

                      1
                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year

                      1

                      3200
                      Obligated balance, end of year

                      1
                      1

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 86–4351–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Position with respect to appropriations act limitation on commitments:

                      2111
                      Limitation on guaranteed loans made by private lenders
                      42
                      42
                      38

                      2121
                      Limitation available from carry-forward
                      545
                      583
                      611

                      2143
                      Uncommitted limitation carried forward
                      –583
                      –611
                      –611

                      2150
                      Total guaranteed loan commitments
                      4
                      14
                      38

                      2199
                      Guaranteed amount of guaranteed loan commitments
                      4
                      14
                      38

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      119
                      124
                      150

                      2231
                      Disbursements of new guaranteed loans
                      5
                      30
                      30

                      2251
                      Repayments and prepayments

                      –4
                      –4

                      2290
                      Outstanding, end of year
                      124
                      150
                      176

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      69
                      28
                      28

             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.

          Balance Sheet (in millions of dollars)

                      Identification code 86–4351–0–3–371
                      2011 actual
                      2012 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      1
                      1

                      1999
                      Total assets
                      1
                      1

                      LIABILITIES:

                      2204
                      Non-Federal liabilities: Liabilities for loan guarantees
                      1
                      1

                      4999
                      Total liabilities and net position
                      1
                      1

             Title VI Indian Federal Guarantees Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4244–0–3–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0711
                      Default claim payments on principal

                      1
                      1

                      0712
                      Default claim payments on interest

                      1
                      1

                      0742
                      Downward reestimate paid to receipt account
                      2
                      3

                      0743
                      Interest on downward reestimates
                      1
                      1

                      0900
                      Total new obligations
                      3
                      6
                      2

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      10
                      12
                      10

                      Financing authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      4
                      4
                      2

                      1801
                      Change in uncollected payments, Federal sources
                      1

                      1850
                      Spending auth from offsetting collections, mand (total)
                      5
                      4
                      2

                      1930
                      Total budgetary resources available
                      15
                      16
                      12

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      12
                      10
                      10

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      3

                      3010
                      Obligations incurred, unexpired accounts
                      3
                      6
                      2

                      3020
                      Financing disbursements (gross)
                      –3
                      –3
                      –3

                      3050
                      Unpaid obligations, end of year

                      3
                      2

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1

                      –1
                      –1

                      3070
                      Change in uncollected pymts, Fed sources, unexpired
                      –1

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –1
                      –1
                      –1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year

                      –1
                      2

                      3200
                      Obligated balance, end of year
                      –1
                      2
                      1

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      5
                      4
                      2

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      3
                      3
                      3

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Federal sources
                      –3
                      –3
                      –1

                      4122
                      Interest on uninvested funds
                      –1
                      –1
                      –1

                      4130
                      Offsets against gross financing auth and disbursements (total)
                      –4
                      –4
                      –2

                      Additional offsets against financing authority only (total):

                      4140
                      Change in uncollected pymts, Fed sources, unexpired
                      –1

                      4170
                      Financing disbursements, net (mandatory)
                      –1
                      –1
                      1

                      4190
                      Financing disbursements, net (total)
                      –1
                      –1
                      1

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 86–4244–0–3–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Position with respect to appropriations act limitation on commitments:

                      2111
                      Limitation on guaranteed loans made by private lenders
                      20
                      20
                      18

                      2121
                      Limitation available from carry-forward
                      52
                      52
                      27

                      2143
                      Uncommitted limitation carried forward
                      –52
                      –27

                      2150
                      Total guaranteed loan commitments
                      20
                      45
                      45

                      2199
                      Guaranteed amount of guaranteed loan commitments
                      20
                      20
                      18

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      122
                      135
                      148

                      2231
                      Disbursements of new guaranteed loans
                      20
                      20
                      18

                      2251
                      Repayments and prepayments
                      –5
                      –5
                      –5

                      2263
                      Adjustments: Terminations for default that result in claim payments
                      –2
                      –2
                      –2

                      2290
                      Outstanding, end of year
                      135
                      148
                      159

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      135
                      146
                      146

             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.

          Balance Sheet (in millions of dollars)

                      Identification code 86–4244–0–3–604
                      2011 actual
                      2012 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      11
                      11

                      1999
                      Total assets
                      11
                      11

                      LIABILITIES:

                      2204
                      Non-Federal liabilities: Liabilities for loan guarantees
                      11
                      11

                      4999
                      Total liabilities and net position
                      11
                      11

             Community Planning and Development

             Federal Funds
             Community Planning and Development
             housing opportunities for persons with aidsFor 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.), $332,000,000, to remain available until September 30, 2015, except that amounts allocated pursuant to section 854(c)(3) of such Act shall remain available until September 30, 2016: 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.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0308–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      HOPWA Formula Grants
                      319
                      301
                      297

                      0002
                      HOPWA Competitive Grants
                      33
                      34
                      33

                      0900
                      Total new obligations (object class 41.0)
                      352
                      335
                      330

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      90
                      70
                      69

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      332
                      334
                      332

                      1120
                      Appropriations transferred to other accts [86–0308]
                      –33
                      –33
                      –33

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –2

                      1121
                      Appropriations transferred from other accts [86–0308]
                      33
                      33
                      33

                      1160
                      Appropriation, discretionary (total)
                      332
                      334
                      330

                      1930
                      Total budgetary resources available
                      422
                      404
                      399

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      70
                      69
                      69

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      468
                      485
                      495

                      3010
                      Obligations incurred, unexpired accounts
                      352
                      335
                      330

                      3020
                      Outlays (gross)
                      –334
                      –325
                      –316

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      485
                      495
                      509

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      468
                      485
                      495

                      3200
                      Obligated balance, end of year
                      485
                      495
                      509

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      332
                      334
                      330

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      2
                      3
                      3

                      4011
                      Outlays from discretionary balances
                      332
                      322
                      313

                      4020
                      Outlays, gross (total)
                      334
                      325
                      316

                      4180
                      Budget authority, net (total)
                      332
                      334
                      330

                      4190
                      Outlays, net (total)
                      334
                      325
                      316

              The 2014 Budget provides $332 million for the Housing Opportunities for Persons with AIDS (HOPWA) program, the only Federal
                program dedicated to address the urgent housing needs of low-income Americans living with HIV and AIDS.  HOPWA funding provides
                States and localities with resources and incentives to devise long-term comprehensive strategies for planning and providing
                housing and supportive services to meet the complex, multiple needs of persons living with HIV and AIDS and their families.
                HOPWA funds have been demonstrated to help reduce the risk of homelessness, increase housing stability, and improve access
                to HIV care and health outcomes for program participants.

             Ninety percent of HOPWA funds are distributed to States and eligible metropolitan areas according to a formula, which is based
                on the number of AIDS cases in the jurisdiction.  The remaining ten percent are awarded competitively to States, local governments,
                and private nonprofit entities for projects of national significance and for projects in non-formula areas.  However, the
                HOPWA formula does not reflect the current nature and distribution of the epidemic.  To modernize the program, the Administration
                is proposing an updated formula based on living cases of HIV and adjusted for an area's fair market rent and poverty rates,
                focusing HOPWA funds on areas that have the most need.  The proposal also includes several changes that will allow better
                targeting of HOPWA resources and more flexibility for grantees to provide the most cost-effective, timely interventions.
                These changes, which will be proposed in separate legislation, will improve the nation's response to the specialized housing
                needs of HIV/AIDS patients and will further the Administration's National HIV/AIDS Strategy.

             In addition, the Department will seek to develop a strategy to effectively integrate HOPWA housing activities with homeless
                assistance and prevention programs under the Homeless Assistance Grants program while integrating HOPWA in Continuum of Care
                coordinated planning, centralized intake and assessment, and Homeless Management Information Systems. The integration of HOPWA
                resources with other homelessness prevention interventions will facilitate more collaborative local planning, better deploy
                limited resources to achieve the greatest impacts, and help synchronize program tools to reduce administrative burdens to
                give priority to ending homelessness for a greater number of persons who are homeless and who are also living with HIV/AIDS.

             Community Development FundFor assistance to units of State and local government, and to other entities, for economic and community development activities,
                and for other purposes, $3,143,100,000, to remain available until September 30, 2016, unless otherwise specified: Provided, That of the total amount provided, $2,798,100,000 is for carrying out the community development block grant program under title I of the Housing and Community Development
                Act of 1974, as amended (the "Act'' herein) (42 U.S.C. 5301 et seq.): Provided further, That unless explicitly provided for under this heading, 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 $70,000,000 shall be for grants to Indian tribes notwithstanding section 106(a)(1) of such Act, of which, notwithstanding any other provision
                of law (including section 204 of this Act), up to $3,960,000 may be used for emergencies that constitute imminent threats
                to health and safety, and up to $10,000,000 may be used for mold remediation and prevention.
          Of the amounts made available under this heading, $200,000,000 shall be for the redevelopment of abandoned and foreclosed
                   property as authorized under division B, title III of the Housing and Economic Recovery Act of 2008 (42 U.S.C. 5301 note):
                   Provided, That the Act shall govern the use of such assistance except as otherwise provided in this paragraph: Provided further,
                   That the Secretary shall competitively award such assistance to States and units of general local government: Provided further,
                   That for the purposes of such assistance, including the previous proviso, the term "State" at section 102(a) of the Act shall
                   be construed as including State housing finance agencies: Provided further, That the Secretary shall by notice published in
                   the Federal Register establish criteria for awarding such assistance, including the extent of need, the demonstrated capacity
                   of the applicant to execute projects, concentration of investment, the ability to leverage other resources (which may include
                   loans guaranteed under section 108 of the Act [42 U.S.C. 5308]), and such other factors as the Secretary determines to be
                   appropriate: Provided further, That the Secretary shall establish a minimum grant size for awards: Provided further, That
                   loans guaranteed under section 108 of the Act [42 U.S.C. 5308] and used in conjunction with such assistance shall not be subject
                   to subsection 108(b): Provided further, That the Secretary may use a portion of such assistance for grants under subsection
                   108(q): Provided further, That the Secretary shall make establishment and operation of land banks, demolition, and new housing
                   construction eligible for assistance under this paragraph: Provided further, That grantees receiving such assistance under
                   this paragraph may also use funds provided under Title I of the Act for the purposes specified in the previous proviso, upon
                   approval of the Secretary.
          Of the amounts made available under this heading, $75,000,000 shall be made available for Integrated Planning and Investment Grants to support local and regional public investment plans and implementation efforts
                   that align public and private investments in development and infrastructure to better attract businesses and improve quality
                   of life, modernize zoning and building codes, reduce barriers to achieve affordable and economically vital communities, attract
                   private capital to community revitalization efforts, and sponsor community engagement efforts:  Provided, That the Secretary will consult with the Secretary of Transportation and the heads of other relevant agencies in
                   evaluating grant proposals awarded under this paragraph.

          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution as well as amounts from P.L. 113–2, the
             Disaster Relief Appropriations Act, 2013 (no language shown).

          Program and Financing (in millions of dollars)

                      Identification code 86–0162–0–1–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Community Development Formula Grants
                      3,188
                      3,750
                      2,784

                      0003
                      Indian Tribes
                      57
                      61
                      70

                      0004
                      Administration, Operations and Management

                      1
                      1

                      0007
                      Economic Development Initiative Grants
                      6

                      0008
                      Neighborhood Initiative Demonstration
                      2

                      0010
                      Disaster Assistance
                      359
                      6,381
                      9,842

                      0013
                      Integrated Planning and Investment Strategies Grants
                      100

                      75

                      0014
                      Rural Fund
                      2

                      0015
                      Neighborhood Stabilization Initiative

                      199

                      0900
                      Total new obligations (object class 41.0)
                      3,714
                      10,193
                      12,971

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      1,039
                      733
                      9,848

                      1021
                      Recoveries of prior year unpaid obligations
                      1

                      1050
                      Unobligated balance (total)
                      1,040
                      733
                      9,848

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      3,407
                      3,328
                      3,143

                      1100
                      Appropriation

                      16,000

                      1120
                      Appropriations transferred to other accts [86–0338]

                      –10

                      1120
                      Appropriations transferred to other accts [86–0189]

                      –10

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –15

                      1160
                      Appropriation, discretionary (total)
                      3,407
                      19,308
                      3,128

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      1

                      1750
                      Spending auth from offsetting collections, disc (total)
                      1

                      1900
                      Budget authority (total)
                      3,408
                      19,308
                      3,128

                      1930
                      Total budgetary resources available
                      4,448
                      20,041
                      12,976

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –1

                      1941
                      Unexpired unobligated balance, end of year
                      733
                      9,848
                      5

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      18,136
                      15,036
                      18,827

                      3010
                      Obligations incurred, unexpired accounts
                      3,714
                      10,193
                      12,971

                      3020
                      Outlays (gross)
                      –6,795
                      –6,402
                      –10,066

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –1

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –18

                      3050
                      Unpaid obligations, end of year
                      15,036
                      18,827
                      21,732

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      18,136
                      15,036
                      18,827

                      3200
                      Obligated balance, end of year
                      15,036
                      18,827
                      21,732

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      3,408
                      19,308
                      3,128

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      18
                      193
                      31

                      4011
                      Outlays from discretionary balances
                      6,777
                      6,209
                      10,035

                      4020
                      Outlays, gross (total)
                      6,795
                      6,402
                      10,066

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4030
                      Federal sources
                      –1

                      4180
                      Budget authority, net (total)
                      3,407
                      19,308
                      3,128

                      4190
                      Outlays, net (total)
                      6,794
                      6,402
                      10,066

             The Community Development Fund account includes funding for the Community Development Block Grant (CDBG) program, Indian CDBG,
                Integrated Planning and Investment Strategies Grants, and a new competitive neighborhood stabilization grant program.

             The Budget funds the CDBG formula grant program at $2.8 billion to assist State and local governments in addressing local
                priorities and needs. The CDBG program provides over 1,200 flexible annual formula grants to States, local governments, and
                Insular Areas to benefit mainly low-to moderate-income persons.  The funding is used for a wide range of community and economic
                development activities, such as public infrastructure improvements (approximately 33 percent of all CDBG funds), housing rehabilitation
                and construction (approximately 25 percent of funds), job creation and retention, and public services (e.g., child care).
                70 percent of the CDBG formula grants are distributed to mainly urban areas (entitlement communities), and 30 percent is distributed
                to the States (non-entitlement communities).

             The Administration recognizes that CDBG funds represent a significant expenditure that is not optimally targeted based on
                community need or used most effectively in many cases.  The Budget includes several proposals to better target funds based
                on community need and ensure that communities receive grants large enough to be more effective in advancing the goals of the
                program.  The Budget proposes statutory changes to establish a minimum grant threshold and eliminate the community "grandfathering"
                provision.  In addition, HUD will seek input from stakeholders over the coming months regarding further programmatic changes
                that would improve the targeting of formula funds and strengthen their accountability and performance.

             The Budget also includes $200 million for a new competitive set-aside grant program to provide funds to areas hit hardest
                by the foreclosure crisis to support specific activities that support neighborhood stabilization. This new initiative builds
                on the successes of the first three rounds of the Neighborhood Stabilization Program, and will target neighborhoods still
                feeling the effects of the foreclosure crisis, and allow them to manage foreclosures, put land back to effective uses, and
                begin to recover economically.  Competitive grants will go to States, cities, and state housing financing agencies for a number
                of eligible uses, including purchasing and rehabilitating abandoned and foreclosed properties, establishing land banks, demolishing
                blighted structures, and redeveloping vacant or demolished property.  Grantees will be encouraged to leverage these funds
                with Community Development Loan Guarantees and other Federal, State, and local funds to ensure that they have maximum impact.

             The Budget requests $75 million for Integrated Planning and Investment Grants, which is administered by HUD's Office of Economic
                Resilience. In partnership with the Department of Transportation (DOT) and the Environmental Protection Agency (EPA) and other
                Federal agencies, the Integrated Planning and Investment Grants aim to expand job opportunities and improve the quality of
                life for families by providing incentives to regions and communities to align planning efforts, invest public and private
                resources to attract businesses, modernize land use and building codes, attract private capital for community revitalization
                efforts, and sponsor robust community engagement efforts.  This initiative complements DOT's funding to strengthen state and
                local infrastructure capacity, EPA's technical assistance, and efforts by other Federal agencies to advance economic development
                initiatives.  Language is proposed to streamline HUD and DOT joint grant solicitations and implementation efforts to increase
                overall effectiveness and reduce burden on grantees.

              The Budget increases the Indian Community Development program funding to $70 million.  This program provides eligible grantees
                with direct grants for use in developing viable Indian and Alaska Native Communities, including decent housing, a suitable
                living environment, and economic opportunities, primarily for low- and moderate-income persons. Within this account, $10 million
                will be set aside to address mold issues in Indian housing.

             This account reflects $16 billion in CDBG funding appropriated by the Disaster Relief Appropriations Act, 2013 (Public Law
                113–2).  These funds are intended primarily to respond to the effects of Hurricane Sandy that impacted the Atlantic Coast
                in late October 2012, but will also be used to respond to other significant Presidentially-declared disasters that occurred
                in calendar years 2011, 2012, and 2013. Other amounts reflected in this account include prior year CDBG disaster supplemental
                funding, as well as funds provided by the 2009 American Recovery and Reinvestment Act ($1 billion in CDBG formula grants and
                $2 billion for Neighborhood Stabilization Program (NSP) II grants).  The $3.92 billion in NSP funding from the Housing and
                Economic Recovery Act of 2008 and the $1 billion from the Dodd-Frank Wall Street Financial Reform and Consumer Protection
                Act are mandatory appropriations and are reflected in a separate account.

             Empowerment Zones/enterprise Communities/renewal CommunitiesUnobligated balances, including recaptures and carryover, remaining from funds appropriated to the Department of Housing and
                   Urban Development under this heading are hereby permanently cancelled.

             No new appropriation is requested for the Empowerment Zone (EZ) and Renewal Community (RC) programs in the 2014 Budget. Rather,
                a rescission of approximately $25,000 in carryover is proposed. The tax incentives for RCs expired on December 31, 2009, while
                EZ tax incentives have been extended to December 31, 2013.

             Brownfields Redevelopment

             Program and Financing (in millions of dollars)

                      Identification code 86–0314–0–1–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      52
                      35
                      23

                      3020
                      Outlays (gross)
                      –16
                      –12
                      –12

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      35
                      23
                      11

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      52
                      35
                      23

                      3200
                      Obligated balance, end of year
                      35
                      23
                      11

                      Budget authority and outlays, net:

                      Discretionary:

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      16
                      12
                      12

                      4190
                      Outlays, net (total)
                      16
                      12
                      12

             The 2014 Budget requests no funding for the Brownfields Economic Development Initiative (BEDI) program, which is a competitive
                grant program designed to assist cities with the redevelopment of brownfield sites for the purposes of economic development
                and job creation.  Brownfields are abandoned, idled, and underused industrial and commercial facilities and land where expansion
                and redevelopment is burdened by real or potential environmental contamination.  Local governments have access to other public
                and private funds, including Community Development Block Grant (CDBG) funds, which can serve similar purposes.

             Home Investment Partnerships ProgramFor the HOME Investment Partnerships program, as authorized under title II of the Cranston-Gonzalez National Affordable Housing Act, as amended, $950,000,000, to remain available until September 30, 2016: Provided, That of the amounts made available under this heading, up to $10,000,000 shall be made available for the Self-Help and Assisted
                   Homeownership Opportunity Program (SHOP), as authorized by Section 11 of the Housing Opportunity Program Extension Act of
                   1996, as amended.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0205–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      HOME Investment Program
                      1,206
                      1,027
                      944

                      0002
                      Technical Assistance
                      2

                      0003
                      SHOP

                      10

                      0900
                      Total new obligations (object class 41.0)
                      1,208
                      1,027
                      954

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      355
                      152
                      131

                      1021
                      Recoveries of prior year unpaid obligations
                      8

                      1050
                      Unobligated balance (total)
                      363
                      152
                      131

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      1,000
                      1,006
                      950

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –5

                      1160
                      Appropriation, discretionary (total)
                      1,000
                      1,006
                      945

                      1930
                      Total budgetary resources available
                      1,363
                      1,158
                      1,076

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –3

                      1941
                      Unexpired unobligated balance, end of year
                      152
                      131
                      122

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      4,932
                      4,340
                      3,743

                      3010
                      Obligations incurred, unexpired accounts
                      1,208
                      1,027
                      954

                      3020
                      Outlays (gross)
                      –1,781
                      –1,624
                      –1,392

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –8

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –11

                      3050
                      Unpaid obligations, end of year
                      4,340
                      3,743
                      3,305

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      4,932
                      4,340
                      3,743

                      3200
                      Obligated balance, end of year
                      4,340
                      3,743
                      3,305

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      1,000
                      1,006
                      945

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      5
                      10
                      9

                      4011
                      Outlays from discretionary balances
                      1,776
                      1,614
                      1,383

                      4020
                      Outlays, gross (total)
                      1,781
                      1,624
                      1,392

                      4180
                      Budget authority, net (total)
                      1,000
                      1,006
                      945

                      4190
                      Outlays, net (total)
                      1,781
                      1,624
                      1,392

              The HOME Investment Partnerships Program is authorized by the National Affordable Housing Act (P.L. 101–625), as amended.
                This program provides flexible annual formula grant assistance to States and units of local government to increase the supply
                of affordable housing and expand homeownership for low- to very-low income persons.  Sixty percent of the formula grant funds
                is awarded to participating local governments and 40 percent is awarded to states.  These communities often use the funds
                in partnership with local non-profit organizations to fund a wide range of activities that build, buy, and/or rehabilitate
                affordable housing for rent or homeownership, or to a much lesser extent, provide direct rental assistance to low-income people.
                Projects funded by HOME often leverage private dollars and are used in conjunction with the Low-Income Housing Tax Credit
                (LIHTC), Community Development Block Grant, and local funds. For example, 53 percent of almost 150,000 completed HOME assisted
                rental units were part of awarded LIHTC projects from 2007–2011.

             The Budget requests $950 million for HOME. Over time, this funding is estimated to result in the production of almost 39,500
                units of affordable housing through new construction, rehabilitation, and/or acquisition.  It is also estimated that communities
                will use a portion of their funding to support tenant-based rental assistance for about 9,500 units.

             The 2014 Budget also proposes statutory changes that would allow recaptured Community Housing Development Organization funds
                to be reallocated by formula; establish a single qualification threshold of $500,000 irrespective of the appropriation amount;
                revise the current "grandfathering" provision so that participating jurisdictions that fall below the threshold three out
                of a five year period are ineligible for direct formula funds; and facilitate eviction of HOME rental unit tenants who pose
                an imminent threat.  When implemented, these changes will improve the targeting focus and effectiveness of the overall administration
                of the program.

             In addition to funding HOME, up to $10 million will be eligible to specifically fund the Self-Help and Assisted Homeownership
                Opportunity Program (SHOP).  SHOP is a competitive grant program that provides funds to increase the ability of non-profit
                organizations to assist low-income homebuyers willing to contribute "sweat equity" toward the construction of their homes.
                Communities can further leverage SHOP grants by using other sources of funding including HOME funds, which can also be used
                for sweat equity projects.  The 2014 Budget also proposes statutory changes that would improve the administration of the SHOP
                program. These include allowing HUD to develop program regulations over five pages long, establishing a standard grant term
                of 36 months, establishing a deadline for completion of SHOP units, and explicitly naming planning, administrative, and management
                costs as eligible activities.

             Housing Trust Fund

             (Legislative proposal, subject to PAYGO)Program and Financing (in millions of dollars)

                      Identification code 86–5553–4–2–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Direct program activity

                      1,000

                      0900
                      Total new obligations (object class 41.0)

                      1,000

                      Budgetary Resources:

                      Budget authority:

                      Appropriations, mandatory:

                      1200
                      Appropriation

                      1,000

                      1260
                      Appropriations, mandatory (total)

                      1,000

                      1930
                      Total budgetary resources available

                      1,000

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      Obligations incurred, unexpired accounts

                      1,000

                      3020
                      Outlays (gross)

                      –10

                      3050
                      Unpaid obligations, end of year

                      990

                      Memorandum (non-add) entries:

                      3200
                      Obligated balance, end of year

                      990

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross

                      1,000

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority

                      10

                      4180
                      Budget authority, net (total)

                      1,000

                      4190
                      Outlays, net (total)

                      10

             The Housing Trust Fund was originally authorized in the Housing and Economic Recovery Act of 2008 (Pub. L. 110–289) under
                section 1338 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (U.S.C. 1301 et. seq.) with a dedicated
                funding stream from assessments on Fannie Mae and Freddie Mac.  However, the Federal Housing Finance Agency, the regulator
                for Fannie Mae and Freddie Mac, has indefinitely suspended these assessments.

             The Budget proposes a $1 billion mandatory appropriations to capitalize the Housing Trust Fund. The purpose of the Housing
                Trust Fund is to provide grants to States to increase and preserve the supply of affordable rental housing and homeownership
                opportunities for extremely low- and very low-income families, and help address the growing shortage of affordable housing
                for these families.  This program is similar to HOME, but is more income-targeted.  The funding will be distributed by formula
                to States or State-designated entities that will target resources to areas with substantial affordable housing needs.  The
                funding will be used primarily for construction, preservation, and rehabilitation of affordable rental housing, with up to
                ten percent of the funding for similar eligible activities that support homeownership.  Of the total amounts made available,
                not less than 75 percent shall be used to benefit extremely low-income households, for whom the shortage of affordable housing
                is most acute.  Over time, the funding provided for the Housing Trust Fund in 2014 is expected to produce approximately 16,000
                affordable units using a mix of funding sources, including other public funds, tax credits, and private debt.

             Capacity BuildingOf the amounts made available under this heading, $20,000,000 shall be made available for the second, third, and fourth capacity
                   building activities authorized under section 4(a) of the HUD Demonstration Act of 1993 (42 U.S.C. 9816 note), of which not
                   less than $5,000,000 may be made available for rural capacity building activities.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0405–0–1–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Capacity Building

                      20

                      0900
                      Total new obligations (object class 41.0)

                      20

                      Budgetary Resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation

                      20

                      1160
                      Appropriation, discretionary (total)

                      20

                      1930
                      Total budgetary resources available

                      20

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      Obligations incurred, unexpired accounts

                      20

                      3050
                      Unpaid obligations, end of year

                      20

                      Memorandum (non-add) entries:

                      3200
                      Obligated balance, end of year

                      20

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross

                      20

                      4180
                      Budget authority, net (total)

                      20

             The 2014 Budget provides $20 million for the Capacity Building for Community Development and Affordable Housing program, which
                is authorized by Section 4 of the HUD Demonstration Act of 1993.  The Capacity Building program provides grants to national
                intermediaries to develop, enhance, and strengthen the technical and administrative capabilities of community development
                corporations to carry out community development and affordable housing activities for low- and moderate-income persons that
                support and address local needs and priorities. This program was previously funded as a part of the Self-Help and Assisted
                Homeownership Opportunity Program account.

             Self-Help and Assisted Homeownership Opportunity Program
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0176–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Self Help Housing Opportunity Program
                      48
                      14

                      0002
                      Capacity Building
                      27
                      35

                      0003
                      Rural Capacity Building

                      10

                      0900
                      Total new obligations (object class 41.0)
                      75
                      59

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      27
                      6
                      1

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      54
                      54

                      1160
                      Appropriation, discretionary (total)
                      54
                      54

                      1930
                      Total budgetary resources available
                      81
                      60
                      1

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      6
                      1
                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      187
                      199
                      176

                      3010
                      Obligations incurred, unexpired accounts
                      75
                      59

                      3020
                      Outlays (gross)
                      –63
                      –82
                      –66

                      3050
                      Unpaid obligations, end of year
                      199
                      176
                      110

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      187
                      199
                      176

                      3200
                      Obligated balance, end of year
                      199
                      176
                      110

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      54
                      54

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      63
                      82
                      66

                      4180
                      Budget authority, net (total)
                      54
                      54

                      4190
                      Outlays, net (total)
                      63
                      82
                      66

              The 2014 Budget requests no separate funding for the Self-Help and Assisted Homeownership Opportunity Program (SHOP) account.
                Instead, SHOP is included as part of the request for the HOME Investment Partnerships Program. Activities under the Capacity
                Building for Community Development and Affordable Housing Program are requested separately under the Capacity Building account.

             Neighborhood Stabilization Program

             Program and Financing (in millions of dollars)

                      Identification code 86–0344–0–1–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Abandoned and Foreclosed
                      1

                      0002
                      Technical Assistance
                      20

                      0003
                      Disaster Assistance

                      19

                      0900
                      Total new obligations (object class 41.0)
                      21
                      19

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      31
                      19

                      1010
                      Unobligated balance transfer to other accts [86–0338]
                      –3

                      1010
                      Unobligated balance transfer to other accts [86–4586]
                      –5

                      1010
                      Unobligated balance transfer to other accts [86–0335]
                      –2

                      1021
                      Recoveries of prior year unpaid obligations
                      19

                      1050
                      Unobligated balance (total)
                      40
                      19

                      1930
                      Total budgetary resources available
                      40
                      19

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      19

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      2,091
                      1,416
                      405

                      3010
                      Obligations incurred, unexpired accounts
                      21
                      19

                      3020
                      Outlays (gross)
                      –677
                      –1,030
                      –329

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –19

                      3050
                      Unpaid obligations, end of year
                      1,416
                      405
                      76

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      2,091
                      1,416
                      405

                      3200
                      Obligated balance, end of year
                      1,416
                      405
                      76

                      Budget authority and outlays, net:

                      Mandatory:

                      Outlays, gross:

                      4101
                      Outlays from mandatory balances
                      677
                      1,030
                      329

                      4190
                      Outlays, net (total)
                      677
                      1,030
                      329

          Summary of Budget Authority and Outlays (in millions of dollars)

                      2012 actual
                      2013 CR
                      2014 est.

                      Enacted/requested:

                      Outlays
                      677
                      1,030
                      329

                      Legislative proposal, subject to PAYGO:

                      Budget Authority

                      15,000

                      Outlays

                      50

                      Total:

                      Budget Authority

                      15,000

                      Outlays
                      677
                      1,030
                      379

             The Neighborhood Stabilization Program (NSP) was authorized by the Housing and Economic Recovery Act of 2008 (HERA) and funded
                at $3.92 billion.  In response to the foreclosure crisis, HERA directed HUD to develop a formula to distribute the funds to
                State and local governments with the greatest need.  To determine the areas with the greatest need, the allocation formula
                had to be based on home foreclosures, subprime loans, and mortgage defaults or delinquencies.  Grantees may use NSP funds
                for a number of eligible activities, including establishing financing mechanisms; purchasing and rehabilitating abandoned
                or foreclosed properties; establishing land banks; demolishing blighted structures; and redeveloping vacant or demolished
                property.  NSP grantees must use at least 25 percent of the funds appropriated for the purchase and redevelopment of abandoned
                or foreclosed residential properties that will be used to house individuals or families whose incomes do not exceed 50 percent
                of the area median income. In addition, all activities funded by NSP must benefit low- and moderate-income persons whose income
                does not exceed 120 percent of area median income.

             In September 2008, HUD announced direct NSP allocations to 309 jurisdictions, including all 50 states, Puerto Rico and the
                Insular Areas.  Pursuant to HERA, grantees had 18 months from the date funds were made available to obligate the funds.  As
                of February 2013, grantees had expended more than 95 percent of this first round of NSP funding (NSP1).

             The American Recovery and Reinvestment Act of 2009 (ARRA) made several changes to the NSP program as enacted by HERA and appropriated
                an additional $2 billion in funding for the NSP program.  The ARRA funding for the second round of NSP funding (NSP2) is reflected
                within the Community Development Fund account. In January 2010, HUD announced 56 awards under the NSP2 program and all funds
                were obligated on February 11, 2010.  NSP2 grantees had until February 11, 2013, to expend their funds.  All but four grantees
                met the February deadline and HUD is imposing corrective actions and sanctions to resolve expenditure issues surrounding these
                grants.  As of February 2013, grantees had collectively expended more than 100 percent of NSP2 funding, including program
                income.

             The Dodd-Frank Financial Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) appropriated an additional $1 billion
                for a third iteration of NSP (NSP3) in July 2010.  The Department announced a formula allocation of these funds to 283 entities
                consisting of State and local governments in September 2010.  Grantees submitted their plans for using the NSP3 funds by March
                2011 and, from the date HUD made the funds available, grantees will have two years to expend 50 percent of the grant and three
                years to expend 100 percent. As of February 2013, NSP 3 grantees had expended more than 36 percent of funds.

             The Budget provides $200 million in new competitive funds for neighborhood stabilization activities as part of the Community
                Development Fund.  The Administration continues to propose $15 billion in mandatory funding for Project Rebuild which would
                build upon the success of the Neighborhood Stabilization Program and expand opportunities for grantees to address abandoned
                and foreclosed commercial properties for redevelopment purposes.  Of the requested $15 billion for Project Rebuild, $10 billion
                is for a formula allocation to State and local governments while $5 billion is reserved for competitive distribution to governmental
                entities as well as non-profit and for-profit entities.

             Neighborhood Stabilization Program

             (Legislative proposal, subject to PAYGO)Program and Financing (in millions of dollars)

                      Identification code 86–0344–4–1–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0004
                      Project Rebuild

                      15,000

                      0900
                      Total new obligations (object class 41.0)

                      15,000

                      Budgetary Resources:

                      Budget authority:

                      Appropriations, mandatory:

                      1200
                      Appropriation

                      15,000

                      1260
                      Appropriations, mandatory (total)

                      15,000

                      1930
                      Total budgetary resources available

                      15,000

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      15,000

                      3010
                      Obligations incurred, unexpired accounts

                      15,000

                      3020
                      Outlays (gross)

                      –50

                      3050
                      Unpaid obligations, end of year

                      15,000
                      14,950

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year

                      15,000

                      3200
                      Obligated balance, end of year

                      15,000
                      14,950

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross

                      15,000

                      Outlays, gross:

                      4101
                      Outlays from mandatory balances

                      50

                      4180
                      Budget authority, net (total)

                      15,000

                      4190
                      Outlays, net (total)

                      50

             Homeless Assistance Grants
             (including transfer of funds)For the emergency solutions grants program as authorized under subtitle B of title IV of the McKinney-Vento Homeless Assistance
                Act, as amended; and the continuum of care program as authorized under subtitle C of title IV of such Act; $2,381,000,000,  to remain available until September 30, 2016, and  any rental assistance amounts that are recaptured under such continuum of care program shall remain available until expended:
                Provided, That not less than $346,000,000 of the funds appropriated under this heading shall be available for such emergency solutions grants program, of which $60,000,000 shall be for rapid re-housing for high need communities as determined by the Secretary: Provided further, That not less than $2,027,000,000 of the funds appropriated under this heading shall be available for such continuum of care  program: Provided further, That up to $8,000,000 of the funds appropriated under this heading shall be available for the national homeless data analysis
                project: Provided further, That all funds awarded for supportive services under the continuum of care program  shall be matched by not less than 25 percent in cash or in kind by each grantee: Provided further, That for all match requirements applicable to funds made available under this heading for this fiscal year and prior years,
                a grantee may use (or could have used) as a source of match funds other funds administered by the Secretary and other Federal
                agencies unless there is (or was) a specific statutory prohibition on any such use of any such funds: Provided further, That the Secretary shall renew on an annual basis expiring contracts or amendments to contracts funded under the continuum
                of 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 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 continuum of care renewals in fiscal year 2014.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0192–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Homeless Assistance Grants
                      1,743

                      0002
                      National Homeless Data Analysis Project
                      13

                      8

                      0003
                      Technical Assistance
                      7

                      0004
                      Sec. 8 Mod Rehab Amendments
                      2

                      0009
                      Continuum of Care (SPC, SHP, Rural)

                      1,681
                      1,574

                      0010
                      Emergency Solutions Grants - Formula
                      314
                      314
                      356

                      0900
                      Total new obligations (object class 41.0)
                      2,079
                      1,995
                      1,938

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      2,192
                      2,023
                      1,961

                      1021
                      Recoveries of prior year unpaid obligations
                      35
                      20
                      20

                      1050
                      Unobligated balance (total)
                      2,227
                      2,043
                      1,981

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      1,901
                      1,913
                      2,381

                      1160
                      Appropriation, discretionary (total)
                      1,901
                      1,913
                      2,381

                      1930
                      Total budgetary resources available
                      4,128
                      3,956
                      4,362

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –26

                      1941
                      Unexpired unobligated balance, end of year
                      2,023
                      1,961
                      2,424

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      2,516
                      2,474
                      2,731

                      3010
                      Obligations incurred, unexpired accounts
                      2,079
                      1,995
                      1,938

                      3011
                      Obligations incurred, expired accounts
                      1

                      3020
                      Outlays (gross)
                      –1,955
                      –1,718
                      –1,652

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –35
                      –20
                      –20

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –132

                      3050
                      Unpaid obligations, end of year
                      2,474
                      2,731
                      2,997

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      2,516
                      2,474
                      2,731

                      3200
                      Obligated balance, end of year
                      2,474
                      2,731
                      2,997

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      1,901
                      1,913
                      2,381

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      4
                      10
                      12

                      4011
                      Outlays from discretionary balances
                      1,951
                      1,708
                      1,640

                      4020
                      Outlays, gross (total)
                      1,955
                      1,718
                      1,652

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources
                      –1

                      Additional offsets against gross budget authority only:

                      4052
                      Offsetting collections credited to expired accounts
                      1

                      4070
                      Budget authority, net (discretionary)
                      1,901
                      1,913
                      2,381

                      4080
                      Outlays, net (discretionary)
                      1,954
                      1,718
                      1,652

                      4180
                      Budget authority, net (total)
                      1,901
                      1,913
                      2,381

                      4190
                      Outlays, net (total)
                      1,954
                      1,718
                      1,652

             The Homeless Assistance Grants account provides funds for the Emergency Solutions Grant (ESG) and Continuum of Care (CoC)
                programs.  These programs, which award funds through formula and competitive processes, 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 local plans.

             The 2014 Budget provides $2.38 billion for a wide range of activities to assist homeless persons and prevent future homelessness.
                HUD estimates it will use $1.95 billion for competitive renewals in the CoC program and $346 million for the Emergency Solutions
                Grant Program, $60 million of which shall be used for rapid re-housing in high need communities. The Budget also includes
                $40 million for new competitive permanent supportive housing projects in the CoC program, and $8 million for the Homeless
                Data Analysis Project.

             In 2014, HUD will continue the implementation of the McKinney-Vento Act as amended by the HEARTH Act.  HUD began implementation
                of the HEARTH Act with the Emergency Solutions Grants, Consolidated Plan, and Homeless Definition interim rules effective
                January 2012, and the Continuum of Care interim rule effective August 2012.

             The 2014 Budget helps make progress toward ending homelessness by supporting the goals of "Opening Doors: the Federal Strategic
                Plan to Prevent and End Homelessness," which was published by the U.S. Interagency Council on Homelessness in 2010.

             Permanent Supportive Housing

             Program and Financing (in millions of dollars)

                      Identification code 86–0342–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      46
                      36
                      24

                      3020
                      Outlays (gross)
                      –10
                      –12
                      –7

                      3050
                      Unpaid obligations, end of year
                      36
                      24
                      17

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      46
                      36
                      24

                      3200
                      Obligated balance, end of year
                      36
                      24
                      17

                      Budget authority and outlays, net:

                      Discretionary:

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      10
                      12
                      7

                      4190
                      Outlays, net (total)
                      10
                      12
                      7

             This program was created by the Supplemental Appropriations Act, 2008 (P.L. 110–252), which provided $73 million for permanent
                supportive housing assistance as referenced in the Road Home Program of the Louisiana Recovery Authority (LRA).  Of the total
                amount appropriated, $50 million is for permanent supportive housing, which serves approximately 1,000 homeless individuals
                and families living with disabilities.  These grants are administered under the Shelter Plus Care program, as authorized under
                subtitle F of title IV of the McKinney-Vento Homeless Assistance Act (42 U.S.C. 11403 et seq.). The LRA will be eligible to
                apply for Homeless Assistance Grants to renew this assistance.  Additionally, this account provides $23 million in project-based
                rental assistance vouchers to LRA to support an estimated 2,000 elderly and disabled disaster victims, as authorized, under
                section 8(o)(13) of the United States Housing Act of 1937 (42 U.S.C. 1437f(o)(13)).  Beginning in 2010, these vouchers have
                been renewed within the Tenant-Based Rental Assistance account upon the termination of the original subsidy.

             Rural Housing and Economic Development

             Program and Financing (in millions of dollars)

                      Identification code 86–0324–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Rural Housing and Economic Development
                      3

                      0002
                      Border Capital Community Initiative

                      3
                      1

                      0900
                      Total new obligations (object class 41.0)
                      3
                      3
                      1

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      4
                      3
                      1

                      1021
                      Recoveries of prior year unpaid obligations
                      2
                      1

                      1050
                      Unobligated balance (total)
                      6
                      4
                      1

                      1930
                      Total budgetary resources available
                      6
                      4
                      1

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      3
                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      34
                      24
                      6

                      3010
                      Obligations incurred, unexpired accounts
                      3
                      3
                      1

                      3020
                      Outlays (gross)
                      –11
                      –20
                      –7

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –2
                      –1

                      3050
                      Unpaid obligations, end of year
                      24
                      6

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      34
                      24
                      6

                      3200
                      Obligated balance, end of year
                      24
                      6

                      Budget authority and outlays, net:

                      Discretionary:

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      11
                      20
                      7

                      4190
                      Outlays, net (total)
                      11
                      20
                      7

             The 2014 Budget does not provide funding for the Rural Housing and Economic Development (RHED) program. RHED was created to
                encourage innovative approaches to serving the housing and economic development needs of the nation's rural communities.

             Revolving Fund (liquidating Programs)

             Program and Financing (in millions of dollars)

                      Identification code 86–4015–0–3–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Revolving Fund
                      2
                      1
                      1

                      0900
                      Total new obligations (object class 32.0)
                      2
                      1
                      1

                      Budgetary Resources:

                      Budget authority:

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      2
                      1
                      1

                      1260
                      Appropriations, mandatory (total)
                      2
                      1
                      1

                      1900
                      Budget authority (total)
                      2
                      1
                      1

                      1930
                      Total budgetary resources available
                      2
                      1
                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      7
                      9
                      8

                      3010
                      Obligations incurred, unexpired accounts
                      2
                      1
                      1

                      3020
                      Outlays (gross)

                      –2
                      –2

                      3050
                      Unpaid obligations, end of year
                      9
                      8
                      7

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      7
                      9
                      8

                      3200
                      Obligated balance, end of year
                      9
                      8
                      7

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      2
                      1
                      1

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority

                      1
                      1

                      4101
                      Outlays from mandatory balances

                      1
                      1

                      4110
                      Outlays, gross (total)

                      2
                      2

                      4180
                      Budget authority, net (total)
                      2
                      1
                      1

                      4190
                      Outlays, net (total)

                      2
                      2

          Status of Direct Loans (in millions of dollars)

                      Identification code 86–4015–0–3–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      5
                      5
                      5

                      1263
                      Write-offs for default: Direct loans

                      1290
                      Outstanding, end of year
                      5
                      5
                      5

             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, all of which are no longer active.
                The operational expenses are financed from a permanent, indefinite appropriation to administer the remaining repayments of
                loans and recaptures in the portfolio.  Annually, any remaining unobligated balances in the account are returned as a dividend
                to the Treasury.

             The Section 312 loan program portfolio, which provided first and junior lien financing at below market interest rates for
                the rehabilitation of homes in low-income neighborhoods, constituted a large portion of the account activities.  This program
                ceased to originate new loans over 20 years ago.  Since the sale of the Section 312 loan portfolio to the private sector in
                2001, activity in this account has been minimal.

          Balance Sheet (in millions of dollars)

                      Identification code 86–4015–0–3–451
                      2011 actual
                      2012 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      7
                      9

                      1601
                      Direct loans, gross
                      5
                      5

                      1603
                      Allowance for estimated uncollectible loans and interest (-)
                      –5
                      –5

                      1604
                      Direct loans and interest receivable, net

                      1606
                      Foreclosed property
                      1
                      2

                      1699
                      Value of assets related to direct loans
                      1
                      2

                      1999
                      Total assets
                      8
                      11

                      LIABILITIES:

                      2207
                      Non-Federal liabilities: Other
                      1
                      1

                      NET POSITION:

                      3100
                      Unexpended appropriations
                      7
                      10

                      4999
                      Total liabilities and net position
                      8
                      11

             Community Development Loan Guarantees Program Account Subject to section 502 of the Congressional Budget Act of 1974, during fiscal year  2014 commitments to guarantee loans under section 108 of the Housing and Community Development Act of 1974, any part of which
                is guaranteed, shall not exceed a total principal amount of $500,000,000, notwithstanding any aggregate limitation on outstanding
                obligations guaranteed in subsection (k) of such section 108: Provided, That the Secretary shall collect fees from borrowers, notwithstanding subsection (m) of such section 108, to result in a
                credit subsidy cost of zero, and such fees such be collected in accordance with section 502(7) of the Congressional Budget
                Act of 1974.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0198–0–1–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0702
                      Loan guarantee subsidy
                      5
                      9

                      0707
                      Reestimates of loan guarantee subsidy
                      7
                      7

                      0708
                      Interest on reestimates of loan guarantee subsidy
                      1
                      1

                      0900
                      Total new obligations (object class 33.0)
                      13
                      17

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      3
                      3

                      1001
                      Discretionary unobligated balance brought fwd, Oct 1
                      3
                      3

                      1021
                      Recoveries of prior year unpaid obligations
                      1

                      1050
                      Unobligated balance (total)
                      4
                      3

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      6
                      6

                      1160
                      Appropriation, discretionary (total)
                      6
                      6

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      7
                      8

                      1260
                      Appropriations, mandatory (total)
                      7
                      8

                      1900
                      Budget authority (total)
                      13
                      14

                      1930
                      Total budgetary resources available
                      17
                      17

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –1

                      1941
                      Unexpired unobligated balance, end of year
                      3

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      14
                      14
                      15

                      3010
                      Obligations incurred, unexpired accounts
                      13
                      17

                      3020
                      Outlays (gross)
                      –11
                      –16
                      –8

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –1

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      14
                      15
                      7

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      14
                      14
                      15

                      3200
                      Obligated balance, end of year
                      14
                      15
                      7

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      6
                      6

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority

                      1

                      4011
                      Outlays from discretionary balances
                      4
                      7
                      8

                      4020
                      Outlays, gross (total)
                      4
                      8
                      8

                      Mandatory:

                      4090
                      Budget authority, gross
                      7
                      8

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      7
                      8

                      4180
                      Budget authority, net (total)
                      13
                      14

                      4190
                      Outlays, net (total)
                      11
                      16
                      8

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

                      Identification code 86–0198–0–1–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Guaranteed loan levels supportable by subsidy budget authority:

                      215001
                      Community development loan guarantee levels
                      206
                      364
                      500

                      215999
                      Total loan guarantee levels
                      206
                      364
                      500

                      Guaranteed loan subsidy (in percent):

                      232001
                      Community development loan guarantee levels
                      2.48
                      2.46
                      0.00

                      232999
                      Weighted average subsidy rate
                      2.48
                      2.46
                      0.00

                      Guaranteed loan subsidy budget authority:

                      233001
                      Community development loan guarantee levels
                      5
                      9

                      233999
                      Total subsidy budget authority
                      5
                      9

                      Guaranteed loan subsidy outlays:

                      234001
                      Community development loan guarantee levels
                      4
                      5
                      5

                      234999
                      Total subsidy outlays
                      4
                      5
                      5

                      Guaranteed loan upward reestimates:

                      235001
                      Community development loan guarantee levels
                      7
                      8

                      235999
                      Total upward reestimate budget authority
                      7
                      8

                      Guaranteed loan downward reestimates:

                      237001
                      Community development loan guarantee levels
                      –10
                      –3

                      237999
                      Total downward reestimate subsidy budget authority
                      –10
                      –3

             The 2014 Budget increases the guaranteed loan limit to $500 million, but does not request funding for the Community Development
                Loan Guarantee program (Section 108). Instead of subsidy, the Budget includes a legislative change to allow HUD to collect
                fees to offset credit subsidy costs and make related adjustments to the program.  Carryover loan guarantee credit subsidy
                in this account will continue to be used until exhausted.  The Budget requires that the program operate at a zero credit subsidy
                cost and provides for the collection of fees to fund program costs.  Program activities include economic development projects,
                housing rehabilitation, public facilities rehabilitation, construction or installation for the benefit of low- to moderate-income
                persons, or to aid in the prevention of slums.

             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. The subsidy amounts are estimated on a present value basis.

             Community Development Loan Guarantees Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4096–0–3–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0742
                      Downward reestimate paid to receipt account
                      5
                      2

                      0743
                      Interest on downward reestimates
                      5
                      1

                      0900
                      Total new obligations
                      10
                      3

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      104
                      109
                      119

                      Financing authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      15
                      13
                      9

                      1850
                      Spending auth from offsetting collections, mand (total)
                      15
                      13
                      9

                      1930
                      Total budgetary resources available
                      119
                      122
                      128

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      109
                      119
                      128

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      3

                      3010
                      Obligations incurred, unexpired accounts
                      10
                      3

                      3020
                      Financing disbursements (gross)
                      –10

                      3050
                      Unpaid obligations, end of year

                      3
                      3

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –14
                      –14
                      –14

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –14
                      –14
                      –14

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      –14
                      –14
                      –11

                      3200
                      Obligated balance, end of year
                      –14
                      –11
                      –11

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      15
                      13
                      9

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      10

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Federal Sources: Payments from Program Account
                      –11
                      –12
                      –5

                      4122
                      Interest on uninvested funds
                      –4
                      –1
                      –4

                      4130
                      Offsets against gross financing auth and disbursements (total)
                      –15
                      –13
                      –9

                      4170
                      Financing disbursements, net (mandatory)
                      –5
                      –13
                      –9

                      4190
                      Financing disbursements, net (total)
                      –5
                      –13
                      –9

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 86–4096–0–3–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Position with respect to appropriations act limitation on commitments:

                      2111
                      Limitation on guaranteed loans made by private lenders
                      240
                      240
                      500

                      2121
                      Limitation available from carry-forward
                      125
                      124

                      2142
                      Uncommitted loan guarantee limitation
                      –34

                      2143
                      Uncommitted limitation carried forward
                      –124

                      2150
                      Total guaranteed loan commitments
                      207
                      364
                      500

                      2199
                      Guaranteed amount of guaranteed loan commitments
                      206
                      364
                      500

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      2,079
                      2,148
                      2,108

                      2231
                      Disbursements of new guaranteed loans
                      175
                      210
                      210

                      2251
                      Repayments and prepayments
                      –212
                      –250
                      –250

                      2264
                      Adjustments: Other adjustments, net
                      106

                      2290
                      Outstanding, end of year
                      2,148
                      2,108
                      2,068

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      2,148
                      1,999
                      1,999

             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.

          Balance Sheet (in millions of dollars)

                      Identification code 86–4096–0–3–451
                      2011 actual
                      2012 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      95
                      96

                      1999
                      Total assets
                      95
                      96

                      LIABILITIES:

                      2204
                      Non-Federal liabilities: Liabilities for loan guarantees
                      95
                      96

                      4999
                      Total liabilities and net position
                      95
                      96

             Community Development Loan Guarantees Liquidating Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4097–0–3–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Change in obligated balance:

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –3
                      –3
                      –3

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –3
                      –3
                      –3

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      –3
                      –3
                      –3

                      3200
                      Obligated balance, end of year
                      –3
                      –3
                      –3

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 86–4097–0–3–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      10
                      5

                      2251
                      Repayments and prepayments
                      –5
                      –5

                      2290
                      Outstanding, end of year
                      5

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      5

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

          Balance Sheet (in millions of dollars)

                      Identification code 86–4097–0–3–451
                      2011 actual
                      2012 actual

                      ASSETS:

                      Federal assets:

                      1101
                      Fund balances with Treasury
                      3
                      3

                      Investments in US securities:

                      1106
                      Receivables, net
                      3
                      3

                      1999
                      Total assets
                      6
                      6

             Housing Programs

             Federal Funds
             Housing for the ElderlyFor 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 senior
                preservation rental assistance contracts, as authorized by section 811(e) of the American Housing and Economic Opportunity
                Act of 2000, as amended, and for supportive services associated with the housing, $400,000,000 to remain available until September 30, 2017: Provided, That of the amount provided under this heading, up to $70,000,000 shall be for service coordinators and the continuation of existing congregate service grants for residents of assisted housing
                projects: Provided further, That amounts under this heading shall be available for Real Estate Assessment Center inspections and inspection-related
                activities associated with section 202 projects: 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: Provided further, That upon the request of the Secretary of Housing and Urban Development, project funds that are held in
                   residual receipts accounts for any project subject to a section 202 project rental assistance contract and that upon termination
                   of such contract are in excess of an amount to be determined by the Secretary shall be remitted to the Department and deposited
                   in this account, to be available until expended: Provided further, That amounts deposited in this account pursuant to the
                   previous proviso shall be available in addition to the amounts otherwise provided by this heading for the purposes authorized
                   under this heading and, together with such other funds, may be used by the Secretary for demonstration programs to test housing
                   with services models for the elderly: Provided further, That unobligated balances, including recaptures and carryover, remaining
                   from funds transferred to or appropriated under this heading may be used for the current purposes authorized under this heading,
                   notwithstanding the purposes for which such funds were originally appropriated.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0320–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Construction and Expansion
                      654
                      29
                      31

                      0002
                      PRAC Renewal/Amendment
                      228
                      285
                      310

                      0003
                      Service Coordinators/Congregate Services
                      127
                      81
                      70

                      0004
                      Conversion to Assisted Living Facilities
                      24
                      26
                      22

                      0005
                      Pre-Construction Demonstration
                      21

                      0006
                      Senior Preservation Rental Assistance Contracts

                      16

                      0007
                      Technical Assistance
                      2

                      0900
                      Total new obligations (object class 41.0)
                      1,056
                      421
                      449

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      865
                      183
                      139

                      1021
                      Recoveries of prior year unpaid obligations
                      7

                      1050
                      Unobligated balance (total)
                      872
                      183
                      139

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      375
                      377
                      400

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –2

                      1160
                      Appropriation, discretionary (total)
                      375
                      377
                      398

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      8

                      28

                      1750
                      Spending auth from offsetting collections, disc (total)
                      8

                      28

                      1900
                      Budget authority (total)
                      383
                      377
                      426

                      1930
                      Total budgetary resources available
                      1,255
                      560
                      565

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –16

                      1941
                      Unexpired unobligated balance, end of year
                      183
                      139
                      116

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      2,638
                      2,806
                      2,330

                      3010
                      Obligations incurred, unexpired accounts
                      1,056
                      421
                      449

                      3020
                      Outlays (gross)
                      –870
                      –897
                      –880

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –7

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –11

                      3050
                      Unpaid obligations, end of year
                      2,806
                      2,330
                      1,899

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      2,638
                      2,806
                      2,330

                      3200
                      Obligated balance, end of year
                      2,806
                      2,330
                      1,899

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      383
                      377
                      426

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      71
                      117
                      126

                      4011
                      Outlays from discretionary balances
                      799
                      780
                      754

                      4020
                      Outlays, gross (total)
                      870
                      897
                      880

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources
                      –8

                      –28

                      4180
                      Budget authority, net (total)
                      375
                      377
                      398

                      4190
                      Outlays, net (total)
                      862
                      897
                      852

              Since 1959, the Housing for the Elderly program (Section 202) has supported both the construction and operation of supportive
                housing for very low-income elderly households, including frail elderly.  The Budget provides $310 million to renew and amend
                operating subsidy contracts for existing Section 202 housing, $70 million to support service coordinators who work on-site
                to help residents obtain critical services, such as benefit counseling, and $20 million to support a demonstration program
                to test and implement housing with services models for seniors.

              As proposed in the 2013 Budget, the Administration continues to support legislative and administrative changes to permit
                a new generation of Section 202 housing with supportive services targeted at populations most in need of affordable housing.
                Building off emerging research on best practices, HUD will provide Section 202 operating assistance to States to fund innovative
                supportive housing projects in line with state housing and health care priorities. Funded projects—new or existing multifamily
                housing complexes—must be fully leveraged with other capital resources, such as Low-Income Housing Tax Credits, HOME funds,
                and other Federal, state, and local programs, and only require Section 202 for operating assistance.  This will result in
                long-term strategies to increase the supply of affordable permanent housing units with structured access to appropriate services,
                but also enables the program to better facilitate cost savings to state and federal health care budgets through reduced institutionalization
                and emergency room utilization.

             In addition, the Budget provides HUD with new authorities to make better use of existing resources. In 2014, HUD will review
                residual receipts collections, recaptures, and other unobligated balances to increase the amount available for awards to support
                housing with services models that serve as a platform for seniors to live independently and age in place.

             HOUSING FOR THE ELDERLY

                         2012 actual
                         2013 est.
                         2014 est.

                         Units eligible for payment
                         115,112
                         119,698
                         125,661

             Housing for Persons With DisabilitiesFor 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 (42 U.S.C. 8013) , for project rental assistance for supportive
                housing for persons with disabilities under section 811(d)(2) of such Act and for project assistance contracts pursuant to
                section 202(h) of the Housing Act of 1959 (Public Law 86–372; 73 Stat. 667), including amendments to contracts for such assistance
                and renewal of expiring contracts for such assistance for up to a 1-year term, for project rental assistance to State housing
                finance agencies and other appropriate entities as authorized under section 811(b)(3) of the Cranston-Gonzalez National Housing
                Act, and for supportive services associated with the housing for persons with disabilities as authorized by section 811(b)(1)
                of such Act, $126,000,000 to remain available until September 30, 2017: Provided, That amounts made available under this heading shall be available for Real Estate Assessment Center inspections and inspection-related
                activities associated with section 811 Projects. Provided further, That, notwithstanding any other provision of law, upon the request of the Secretary of Housing and Urban
                   Development, project funds that are held in residual receipts accounts for any project subject to a section 811 project rental
                   assistance contract and that upon termination of such contract are in excess of an amount to be determined by the Secretary
                   shall be remitted to the Department and deposited in this account, to be available until expended: Provided further, That
                   amounts deposited in this account pursuant to the previous proviso shall be available in addition to the amounts otherwise
                   provided by this heading for the purposes authorized under this heading: Provided further, That unobligated balances, including
                   recaptures and carryover, remaining from funds transferred to or appropriated under this heading may be used for the current
                   purposes authorized under this heading notwithstanding the purposes for which such funds originally were appropriated.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0237–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Construction and Expansion
                      161
                      10

                      0002
                      PRAC Renewals/Amendments
                      81
                      96
                      106

                      0003
                      Mainstream Voucher Renewals
                      1
                      1

                      0004
                      State Housing Project Rental Assistance

                      101
                      122

                      0900
                      Total new obligations (object class 41.0)
                      243
                      208
                      228

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      257
                      183
                      141

                      1021
                      Recoveries of prior year unpaid obligations
                      5

                      1050
                      Unobligated balance (total)
                      262
                      183
                      141

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      165
                      166
                      126

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –1

                      1160
                      Appropriation, discretionary (total)
                      165
                      166
                      125

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected

                      12

                      1750
                      Spending auth from offsetting collections, disc (total)

                      12

                      1900
                      Budget authority (total)
                      165
                      166
                      137

                      1930
                      Total budgetary resources available
                      427
                      349
                      278

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –1

                      1941
                      Unexpired unobligated balance, end of year
                      183
                      141
                      50

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      656
                      664
                      601

                      3010
                      Obligations incurred, unexpired accounts
                      243
                      208
                      228

                      3020
                      Outlays (gross)
                      –226
                      –271
                      –202

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –5

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –4

                      3050
                      Unpaid obligations, end of year
                      664
                      601
                      627

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      656
                      664
                      601

                      3200
                      Obligated balance, end of year
                      664
                      601
                      627

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      165
                      166
                      137

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      22
                      35
                      17

                      4011
                      Outlays from discretionary balances
                      204
                      236
                      185

                      4020
                      Outlays, gross (total)
                      226
                      271
                      202

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources

                      –12

                      4180
                      Budget authority, net (total)
                      165
                      166
                      125

                      4190
                      Outlays, net (total)
                      226
                      271
                      190

             Since 1992, the Housing for Persons with Disabilities program (Section 811) has supported the development of supportive housing
                for very low-income people with disabilities. The Budget provides $106 million to renew and amend operating subsidy contracts
                for existing Section 811 housing, and $20 million for new Project Rental Assistance (PRA) awards.

             In 2014, HUD will continue to fund supportive housing projects in line with state housing and health care priorities through
                the Section 811 PRA program. PRA projects must be fully leveraged with other capital resources, such as Low-Income Housing
                Tax Credits, HOME funds, and other Federal, state, and local programs, and only require Section 811 for operating assistance.
                Section 811 allows for States to better leverage community-based care, to affirmatively address legal requirements for integrated
                housing, and to provide a platform for disabled persons to live independently in integrated community-based settings. Supportive
                housing can achieve significant savings for state and federal health care budgets through reduced institutionalization and
                emergency room utilization.

             The inaugural competition of the Section 811 PRA program in 2012 provided funding to thirteen states to support 3,530 units
                specifically set-aside for persons with disabilities with appropriate community-based supports and services.  The majority
                of state PRA programs are targeting persons with disabilities in institutions or at risk of institutionalization consistent
                with each State's Olmstead agreements or Olmstead plan.

             The Budget also provides HUD with new authorities to make better use of existing resources. In 2014, HUD will review residual
                receipts collections, recaptures, and other unobligated balances to redirect available funds to make new additional investments
                in PRA awards.

             HOUSING FOR PERSONS WITH DISABILITIES

                         2012 actual
                         2013 est.
                         2014 est.

                         Units eligible for payment
                         32,187
                         33,469
                         36,040

             Housing Counseling AssistanceFor contracts, grants, and other assistance excluding loans, as authorized under section 106 of the Housing and Urban Development
                Act of 1968, as amended, $55,000,000, including up to $4,500,000 for administrative contract services, to remain available until September 30, 2015:  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/literacy, and such other matters as may be appropriate to assist them
                in improving their housing conditions, meeting their financial needs, and fulfilling the responsibilities of tenancy or homeownership;
                for program administration; and for housing counselor training.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0156–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Housing Counseling Assistance
                      43
                      42
                      50

                      0002
                      Administrative Contract Services
                      2
                      3
                      5

                      0900
                      Total new obligations
                      45
                      45
                      55

                      Budgetary Resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      45
                      45
                      55

                      1160
                      Appropriation, discretionary (total)
                      45
                      45
                      55

                      1930
                      Total budgetary resources available
                      45
                      45
                      55

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      46
                      39
                      37

                      3010
                      Obligations incurred, unexpired accounts
                      45
                      45
                      55

                      3020
                      Outlays (gross)
                      –51
                      –47
                      –49

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      39
                      37
                      43

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      46
                      39
                      37

                      3200
                      Obligated balance, end of year
                      39
                      37
                      43

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      45
                      45
                      55

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      15
                      15
                      19

                      4011
                      Outlays from discretionary balances
                      36
                      32
                      30

                      4020
                      Outlays, gross (total)
                      51
                      47
                      49

                      4180
                      Budget authority, net (total)
                      45
                      45
                      55

                      4190
                      Outlays, net (total)
                      51
                      47
                      49

             The Housing Counseling Assistance Program provides comprehensive housing counseling services to eligible homeowners and tenants
                through grants to non-profit intermediaries, state governmental entities, and other agencies with local to national presences.
                Eligible counseling activities include pre- and post-purchase education, personal financial management, reverse mortgage product
                education, foreclosure prevention/mitigation, and rental counseling.  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
                elderly citizens including the Administration's current foreclosure mitigation efforts.  The primary objectives of the Housing
                Counseling program are to expand homeownership opportunities, improve access to affordable housing, prevent foreclosure, increase
                financial literacy, and aid in HUD's commitment to bridging the minority homeownership gap.  Additionally, the program supports
                a significant number of individuals with FHA-insured loans, which helps maintain the financial soundness of the FHA insurance
                funds. The 2014 Budget includes $55 million for this program, the bulk of which funds grants for the direct provision of counseling.

          Object Classification (in millions of dollars)

                      Identification code 86–0156–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources

                      3
                      5

                      41.0
                      Grants, subsidies, and contributions
                      45
                      42
                      50

                      99.9
                      Total new obligations
                      45
                      45
                      55

             Energy Innovation Fund

             Program and Financing (in millions of dollars)

                      Identification code 86–0401–0–1–272
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Energy Efficient Mortgage Innovation Pilot
                      6
                      6

                      0002
                      Multifamily Energy Pilot
                      23
                      2

                      0900
                      Total new obligations (object class 41.0)
                      29
                      8

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      37
                      8

                      1930
                      Total budgetary resources available
                      37
                      8

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      8

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      12
                      40
                      34

                      3010
                      Obligations incurred, unexpired accounts
                      29
                      8

                      3020
                      Outlays (gross)
                      –1
                      –14
                      –19

                      3050
                      Unpaid obligations, end of year
                      40
                      34
                      15

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      12
                      40
                      34

                      3200
                      Obligated balance, end of year
                      40
                      34
                      15

                      Budget authority and outlays, net:

                      Discretionary:

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      1
                      14
                      19

                      4190
                      Outlays, net (total)
                      1
                      14
                      19

             The objective of the Energy Innovation Fund is to provide support for promising local initiatives that can be replicated across
                the nation and to stimulate and enhance private investment in cost-saving energy efficiency retrofits of existing housing,
                through improved use of FHA single family and multifamily mortgage products.  In, 2010, $50 million was appropriated for this
                initiative.

              The single family Energy Efficient Mortgage Innovation Pilot provided up to $25 million in incentive payments to support
                the new FHA PowerSaver loan guarantee program.  PowerSaver is a partnership between HUD and 18 lenders that extends the benefits
                of Title I Energy Efficient Property Improvement loans to more homeowners and enabled them to borrow up to $25,000 for terms
                as long as 20 years to make energy improvements of their choice, based on a list of proven measures developed by FHA and the
                U.S. Department of Energy (DOE).

              The Multifamily Energy Innovation Fund Pilot provided $25 million for financing and applied research demonstrations.  The
                demonstrations will identify solutions to the primary and longstanding challenges to implementing energy efficiency and renewable
                energy improvements in existing affordable multifamily properties and leverage private capital and additional public funding
                to demonstrate proof of concept of specific models.

              All funding for the program expires at the end of 2013.  This schedule reflects the expenditure of prior year balances.

             Emergency Homeowners' Relief Fund

             Program and Financing (in millions of dollars)

                      Identification code 86–0407–0–1–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0701
                      Direct loan subsidy
                      18
                      22

                      0900
                      Total new obligations (object class 41.0)
                      18
                      22

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      472
                      185
                      163

                      1021
                      Recoveries of prior year unpaid obligations
                      106

                      1029
                      Other balances withdrawn
                      –375

                      1050
                      Unobligated balance (total)
                      203
                      185
                      163

                      1930
                      Total budgetary resources available
                      203
                      185
                      163

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      185
                      163
                      163

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      492
                      215
                      107

                      3010
                      Obligations incurred, unexpired accounts
                      18
                      22

                      3020
                      Outlays (gross)
                      –189
                      –130
                      –69

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –106

                      3050
                      Unpaid obligations, end of year
                      215
                      107
                      38

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      492
                      215
                      107

                      3200
                      Obligated balance, end of year
                      215
                      107
                      38

                      Budget authority and outlays, net:

                      Mandatory:

                      Outlays, gross:

                      4101
                      Outlays from mandatory balances
                      189
                      130
                      69

                      4190
                      Outlays, net (total)
                      189
                      130
                      69

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

                      Identification code 86–0407–0–1–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Direct loan levels supportable by subsidy budget authority:

                      115001
                      Emergency Homeowners' Relief
                      19
                      23

                      115999
                      Total direct loan levels
                      19
                      23

                      Direct loan subsidy (in percent):

                      132001
                      Emergency Homeowners' Relief
                      97.72
                      97.71
                      0.00

                      132999
                      Weighted average subsidy rate
                      97.72
                      97.71
                      0.00

                      Direct loan subsidy budget authority:

                      133001
                      Emergency Homeowners' Relief
                      18
                      22

                      133999
                      Total subsidy budget authority
                      18
                      22

                      Direct loan subsidy outlays:

                      134001
                      Emergency Homeowners' Relief
                      67
                      32
                      18

                      134999
                      Total subsidy outlays
                      67
                      32
                      18

             The Emergency Homeowners' Loan Program (EHLP), authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act
                (P.L. 111–203), provided emergency mortgage assistance to homeowners who were unemployed or underemployed due to economic
                or medical conditions. EHLP offered an eligible homeowner a declining balance, deferred payment, non-recourse, zero interest
                subordinate loan of up to $50,000 to assist with paying all arrearages on the homeowner's first mortgage and up to 24 consecutive
                months of first mortgage assistance payments. EHLP provided assistance to homeowners in Puerto Rico and the 32 states not
                assisted by the Treasury Department's Innovation Fund for Hardest Hit Housing Markets program. States with existing programs
                that provided substantially similar assistance to homeowners received grants to provide EHLP assistance through such programs.
                The program became effective October 1, 2010 and, per statute, stopped accepting applications on September 30, 2011. As required
                by the Federal Credit Reform Act of 1990, this account records the administrative expenses for EHLP, as well as the subsidy
                costs, associated with the direct loans obligated. The subsidy amounts are estimated on a present value basis; the administrative
                expenses are estimated on a cash basis.

             Emergency Homeowners' Relief Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4357–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0710
                      Direct loan obligations
                      19
                      23

                      0900
                      Total new obligations
                      19
                      23

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      18
                      1
                      11

                      1020
                      Adjustment of unobligated bal brought forward, Oct 1
                      –18

                      1021
                      Recoveries of prior year unpaid obligations
                      109

                      1050
                      Unobligated balance (total)
                      109
                      1
                      11

                      Financing authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Positive Subsidy
                      67
                      32
                      18

                      1800
                      Repayments

                      1
                      1

                      1801
                      Change in uncollected payments, Federal sources
                      –156

                      1850
                      Spending auth from offsetting collections, mand (total)
                      –89
                      33
                      19

                      1900
                      Financing authority (total)
                      –89
                      33
                      19

                      1930
                      Total budgetary resources available
                      20
                      34
                      30

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      1
                      11
                      30

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      210
                      52
                      41

                      3010
                      Obligations incurred, unexpired accounts
                      19
                      23

                      3020
                      Financing disbursements (gross)
                      –68
                      –34
                      –19

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –109

                      3050
                      Unpaid obligations, end of year
                      52
                      41
                      22

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –205
                      –49
                      –49

                      3070
                      Change in uncollected pymts, Fed sources, unexpired
                      156

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –49
                      –49
                      –49

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      5
                      3
                      –8

                      3200
                      Obligated balance, end of year
                      3
                      –8
                      –27

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      –89
                      33
                      19

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      68
                      34
                      19

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Federal sources
                      –67
                      –32
                      –18

                      4123
                      Repayments of principal, net

                      –1
                      –1

                      4130
                      Offsets against gross financing auth and disbursements (total)
                      –67
                      –33
                      –19

                      Additional offsets against financing authority only (total):

                      4140
                      Change in uncollected pymts, Fed sources, unexpired
                      156

                      4170
                      Financing disbursements, net (mandatory)
                      1
                      1

                      4190
                      Financing disbursements, net (total)
                      1
                      1

          Status of Direct Loans (in millions of dollars)

                      Identification code 86–4357–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Position with respect to appropriations act limitation on obligations:

                      1121
                      Limitation available from carry-forward
                      790
                      771
                      748

                      1143
                      Unobligated limitation carried forward (P.L. xx) (-)
                      –771
                      –748
                      –748

                      1150
                      Total direct loan obligations
                      19
                      23

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year

                      68
                      77

                      1231
                      Disbursements: Direct loan disbursements
                      68
                      34
                      19

                      1251
                      Repayments: Repayments and prepayments

                      –1
                      –1

                      1263
                      Write-offs for default: Direct loans

                      –24
                      –20

                      1290
                      Outstanding, end of year
                      68
                      77
                      75

             This non-budgetary account records all cash flows to and from the Government resulting from the loan guarantees (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.  No administrative expenses can be recorded in the financing account.

          Balance Sheet (in millions of dollars)

                      Identification code 86–4357–0–3–371
                      2011 actual
                      2012 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      23
                      4

                      Net value of assets related to post-1991 direct loans receivable:

                      1401
                      Direct loans receivable, gross

                      68

                      1405
                      Allowance for subsidy cost (-)

                      –68

                      1499
                      Net present value of assets related to direct loans

                      1999
                      Total assets
                      23
                      4

                      LIABILITIES:

                      2103
                      Federal liabilities: Debt payable to Treasury
                      23
                      4

                      4999
                      Total upward reestimate subsidy BA [86–0407]
                      23
                      4

             Other Assisted Housing Programs
             Rental Housing AssistanceFor 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, noninsured rental housing projects, $21,000,000,
                   to remain available until expended: Provided, That such amount, together with unobligated balances from recaptured amounts
                   appropriated prior to fiscal year 2006 from terminated contracts under such sections of law, and any unobligated balances,
                   including recaptures and carryover, remaining from funds appropriated under this heading after fiscal year 2005, shall also
                   be available for extensions of up to one year for expiring contracts under such sections of law.
             Rent Supplement
             (Cancellation)Of the amounts recaptured from terminated contracts under section 101 of the Housing and Urban Development Act of 1965 (12
                   U.S.C. 1701s) and section 236 of the National Housing Act (12 U.S.C. 1715z–1) $3,500,000 are hereby permanently cancelled:
                   Provided, That no amounts may be cancelled from amounts that were designated by the Congress as an emergency requirement pursuant
                   to the Concurrent Resolution on the Budget or the Balanced Budget and Emergency Deficit Control Act of 1985, as amended.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0206–0–1–999
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Rent supplement
                      12
                      16
                      19

                      0002
                      Homeownership and rental housing assistance (Sections 235 and 236)
                      20
                      21
                      25

                      0900
                      Total new obligations (object class 41.0)
                      32
                      37
                      44

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      327
                      70
                      11

                      1021
                      Recoveries of prior year unpaid obligations
                      112

                      27

                      1025
                      Unobligated balance of contract authority withdrawn
                      –99

                      1029
                      Other balances withdrawn
                      –8

                      1050
                      Unobligated balance (total)
                      332
                      70
                      38

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      1
                      1
                      21

                      1131
                      Unobligated balance permanently reduced
                      –232
                      –23
                      –4

                      1160
                      Appropriation, discretionary (total)
                      –231
                      –22
                      17

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      444
                      444
                      444

                      1238
                      Appropriations applied to liquidate contract authority
                      –444
                      –444
                      –444

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      1

                      1750
                      Spending auth from offsetting collections, disc (total)
                      1

                      1900
                      Budget authority (total)
                      –230
                      –22
                      17

                      1930
                      Total budgetary resources available
                      102
                      48
                      55

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      70
                      11
                      11

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      2,487
                      1,961
                      1,619

                      3010
                      Obligations incurred, unexpired accounts
                      32
                      37
                      44

                      3020
                      Outlays (gross)
                      –446
                      –379
                      –367

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –112

                      –27

                      3050
                      Unpaid obligations, end of year
                      1,961
                      1,619
                      1,269

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      2,487
                      1,961
                      1,619

                      3200
                      Obligated balance, end of year
                      1,961
                      1,619
                      1,269

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      –230
                      –22
                      17

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      1
                      1
                      10

                      4011
                      Outlays from discretionary balances
                      445
                      378
                      357

                      4020
                      Outlays, gross (total)
                      446
                      379
                      367

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources
                      –1

                      4180
                      Budget authority, net (total)
                      –231
                      –22
                      17

                      4190
                      Outlays, net (total)
                      445
                      379
                      367

                      Memorandum (non-add) entries:

                      5052
                      Obligated balance, SOY: Contract authority
                      1,415
                      872
                      428

                      5053
                      Obligated balance, EOY: Contract authority
                      872
                      428

                      5055
                      Fund balance in excess of liquidating requirements, EOY: Contract authority

                      16

             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 6,120
                units that have not converted to Section 8.

             Section 235._The Housing and Urban-Rural Recovery Act of 1983 (P.L. 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.  Some Section 236 properties (approximately 11,300 units) also have rental
                assistance contracts with HUD through the Rental Assistance Payment (RAP) program.
     When Rent Supplement and RAP contracts are terminated due to prepayments, remaining balances are recovered. HUD has identified
                   $3.5 million in Section 236 Interest Reduction Payment recaptures that may be cancelled in 2014 without impacting current
                   contract amendment and extension activities.
     As an increasing number of Rent Supplement and RAP rental assistance contracts reach the ends of their terms, the funding
                   needs of the account have shifted from amendments to short-term extensions that help preserve this affordable housing stock.
                   In order to meet the growing need for extensions, the Budget proposes appropriations language to allow recaptured funds to
                   be used for these purposes. In addition, the Rental Assistance Demonstration (RAD) enables owners of properties with expiring
                   Rent Supplement or RAP contracts to convert their assistance to long-term, project-based voucher contracts. More information
                   on this Demonstration is available under the RAD heading.
    The table below provides a summary of outlays by program.
             SUMMARY OF OUTLAYS (in millions of dollars)

                         2012 actual
                         2013 est.
                         2014 est.

                         Total
                         446
                         379
                         367

                         Rent supplement
                         43
                         38
                         33

                         Homeownership assistance (Section 235)
                         1
                         1
                         1

                         Rental housing assistance (Section 236)
                         400
                         339
                         332

                         College housing grants
                         1
                         1
                         1

             Homeownership and Opportunity for People Everywhere Grants (HOPE Grants)

             Program and Financing (in millions of dollars)

                      Identification code 86–0196–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      1
                      1

                      1029
                      Other balances withdrawn

                      –1

                      1050
                      Unobligated balance (total)
                      1

                      1930
                      Total budgetary resources available
                      1

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      1

             The Homeownership and Opportunity for People Everywhere Program, funded from 1992–1995, provided affordable homeownership
                opportunities for low-income families. Units were converted to homeownership from public and Indian housing properties in
                HOPE I, from FHA-insured and Government-held multifamily properties in HOPE II, and from Government-owned or -held single
                family properties in HOPE III. 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.

             Payment to Manufactured Housing Fees Trust FundFor necessary expenses as authorized by the National Manufactured Housing Construction and Safety Standards Act of 1974 (42
                U.S.C. 5401 et seq.), up to $7,530,000, to remain available until expended, of which $6,530,000 is 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 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 2014 so as to result in a final fiscal year 2014 appropriation from the general fund estimated at not more than $1,000,000 and fees pursuant to such section 620 shall be modified as necessary to ensure such a final fiscal year 2014 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, as provided herein, may use such collections, as well
                as fees collected under section 620, for necessary expenses of such Act: Provided further, That, notwithstanding the requirements of section 620 of such Act, the Secretary may carry out responsibilities of the Secretary
                under such Act through the use of approved service providers that are paid directly by the recipients of their services.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0234–0–1–376
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Payment to Trust Fund
                      3
                      3
                      1

                      0900
                      Total new obligations (object class 94.0)
                      3
                      3
                      1

                      Budgetary Resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      3
                      3
                      1

                      1160
                      Appropriation, discretionary (total)
                      3
                      3
                      1

                      1930
                      Total budgetary resources available
                      3
                      3
                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      Obligations incurred, unexpired accounts
                      3
                      3
                      1

                      3020
                      Outlays (gross)
                      –3
                      –3
                      –1

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      3
                      3
                      1

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      3
                      3
                      1

                      4180
                      Budget authority, net (total)
                      3
                      3
                      1

                      4190
                      Outlays, net (total)
                      3
                      3
                      1

             The Budget provides a total of $7.53 million, including $6.53 million in estimated fees, to support activities authorized
                by the National Manufactured Housing Construction and Safety Standards Act of 1974, as amended, including the development
                and enforcement of manufactured housing construction standards, as well as the development and implementation of new installation
                and dispute resolution programs required by the Manufactured Housing Improvement Act of 2000.

             Green Retrofit Program for Multifamily Housing, Recovery Act

             Program and Financing (in millions of dollars)

                      Identification code 86–0306–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0705
                      Reestimates of direct loan subsidy

                      1

                      0900
                      Total new obligations (object class 99.5)

                      1

                      Budgetary Resources:

                      Budget authority:

                      Appropriations, mandatory:

                      1200
                      Appropriation

                      1

                      1260
                      Appropriations, mandatory (total)

                      1

                      1900
                      Budget authority (total)

                      1

                      1930
                      Total budgetary resources available

                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      32
                      4

                      3010
                      Obligations incurred, unexpired accounts

                      1

                      3020
                      Outlays (gross)
                      –25
                      –1

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –3
                      –4

                      3050
                      Unpaid obligations, end of year
                      4

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      32
                      4

                      3200
                      Obligated balance, end of year
                      4

                      Budget authority and outlays, net:

                      Discretionary:

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      25

                      Mandatory:

                      4090
                      Budget authority, gross

                      1

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority

                      1

                      4180
                      Budget authority, net (total)

                      1

                      4190
                      Outlays, net (total)
                      25
                      1

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

                      Identification code 86–0306–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Direct loan upward reestimates:

                      135001
                      Energy Retrofit Loans

                      1

                      135999
                      Total upward reestimate budget authority

                      1

                      Direct loan downward reestimates:

                      137001
                      Energy Retrofit Loans

                      –1

                      137999
                      Total downward reestimate budget authority

                      –1

             The Green Retrofit Program (GRP) offered grants and loans to owners of eligible HUD-assisted multifamily housing properties
                to fund green retrofits, which are intended to reduce ongoing utility consumption, benefit resident health, and benefit the
                environment.  This program was funded under Title XII of the American Recovery and Reinvestment Act of 2009 (P.L. 111–5).
                This account includes funds for grants, direct loan credit subsidy, and administrative expenses.  All loan cash flows are
                recorded in the corresponding financing account (86–4589).

             Green Retrofit Program for Multifamily Housing Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4589–0–3–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0713
                      Payment of interest to Treasury
                      1

                      0743
                      Interest on downward reestimates

                      1

                      0900
                      Total new obligations
                      1
                      1

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1

                      3
                      3

                      Financing authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      4
                      1

                      1850
                      Spending auth from offsetting collections, mand (total)
                      4
                      1

                      1900
                      Financing authority (total)
                      4
                      1

                      1930
                      Total budgetary resources available
                      4
                      4
                      3

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      3
                      3
                      3

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      1
                      2

                      3010
                      Obligations incurred, unexpired accounts
                      1
                      1

                      3050
                      Unpaid obligations, end of year
                      1
                      2
                      2

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year

                      1
                      2

                      3200
                      Obligated balance, end of year
                      1
                      2
                      2

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      4
                      1

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Federal sources

                      –1

                      4123
                      Non-Federal sources
                      –4

                      4130
                      Offsets against gross financing auth and disbursements (total)
                      –4
                      –1

                      4170
                      Financing disbursements, net (mandatory)
                      –4
                      –1

                      4190
                      Financing disbursements, net (total)
                      –4
                      –1

          Status of Direct Loans (in millions of dollars)

                      Identification code 86–4589–0–3–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      83
                      80
                      80

                      1251
                      Repayments: Repayments and prepayments
                      –3

                      1290
                      Outstanding, end of year
                      80
                      80
                      80

             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 in the Green Retrofit Program, which received one-time funding in the Recovery Act (P.L. 111–5).
                The program account is displayed under "Green Retrofit Program for Multifamily Housing, Recovery Act" (86–0306).

          Balance Sheet (in millions of dollars)

                      Identification code 86–4589–0–3–604
                      2011 actual
                      2012 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury

                      4

                      Net value of assets related to post-1991 direct loans receivable:

                      1401
                      Direct loans receivable, gross
                      83
                      80

                      1402
                      Interest receivable
                      1
                      1

                      1405
                      Allowance for subsidy cost (-)
                      –69
                      –70

                      1499
                      Net present value of assets related to direct loans
                      15
                      11

                      1999
                      Total assets
                      15
                      15

                      LIABILITIES:

                      2103
                      Federal liabilities: Debt
                      15
                      15

                      4999
                      Total liabilities and net position
                      15
                      15

             Rental Housing Assistance Fund

             Program and Financing (in millions of dollars)

                      Identification code 86–4041–0–3–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0801
                      Transfer to HUD's Flexible Subsidy Fund
                      3
                      4

                      0900
                      Total new obligations (object class 94.0)
                      3
                      4

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      3
                      4
                      3

                      Budget authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      4
                      3
                      3

                      1850
                      Spending auth from offsetting collections, mand (total)
                      4
                      3
                      3

                      1930
                      Total budgetary resources available
                      7
                      7
                      6

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      4
                      3
                      6

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      Obligations incurred, unexpired accounts
                      3
                      4

                      3020
                      Outlays (gross)
                      –3
                      –4

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      4
                      3
                      3

                      Outlays, gross:

                      4101
                      Outlays from mandatory balances
                      3
                      4

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4123
                      Non-Federal sources
                      –4
                      –3
                      –3

                      4190
                      Outlays, net (total)
                      –1
                      1
                      –3

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

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

             The Budget proposes appropriation language in the general provisions at the end of this budget chapter to fully eliminate
                any authorities which mandate the transfer of excess resources from the Rental Housing Assistance Fund to the Flexible Subsidy
                Fund.

          Object Classification (in millions of dollars)

                      Identification code 86–4041–0–3–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Reimbursable obligations:

                      94.0
                      Financial transfers
                      3
                      4

                      99.0
                      Reimbursable obligations
                      3
                      4

             Flexible Subsidy Fund

             Program and Financing (in millions of dollars)

                      Identification code 86–4044–0–3–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      201
                      255
                      297

                      Budget authority:

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      54
                      42
                      38

                      1750
                      Spending auth from offsetting collections, disc (total)
                      54
                      42
                      38

                      1930
                      Total budgetary resources available
                      255
                      297
                      335

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      255
                      297
                      335

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      54
                      42
                      38

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4030
                      Federal sources
                      –3
                      –4

                      4033
                      Non-Federal sources
                      –51
                      –38
                      –38

                      4040
                      Offsets against gross budget authority  and outlays (total)
                      –54
                      –42
                      –38

                      4080
                      Outlays, net (discretionary)
                      –54
                      –42
                      –38

                      4190
                      Outlays, net (total)
                      –54
                      –42
                      –38

          Status of Direct Loans (in millions of dollars)

                      Identification code 86–4044–0–3–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      563
                      533
                      508

                      1251
                      Repayments: Repayments and prepayments
                      –41
                      –25
                      –25

                      1264
                      Write-offs for default: Writeoff for default: Other adjustments, net (+ or -)
                      11

                      1290
                      Outstanding, end of year
                      533
                      508
                      483

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

             The Budget proposes appropriation language in the general provisions at the end of this budget chapter to fully eliminate
                any authorities which mandate the transfer of excess resources from the Rental Housing Assistance Fund to the Flexible Subsidy
                Fund.

          Balance Sheet (in millions of dollars)

                      Identification code 86–4044–0–3–604
                      2011 actual
                      2012 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      201
                      255

                      1601
                      Direct loans, gross
                      537
                      508

                      1602
                      Interest receivable
                      105
                      96

                      1603
                      Allowance for estimated uncollectible loans and interest (-)
                      –573
                      –44

                      1699
                      Value of assets related to direct loans
                      69
                      560

                      1999
                      Total assets
                      270
                      815

                      NET POSITION:

                      3100
                      Unexpended appropriations
                      201
                      255

                      3300
                      Cumulative results of operations
                      69
                      560

                      3999
                      Total net position
                      270
                      815

                      4999
                      Total liabilities and net position
                      270
                      815

             Home Ownership Preservation Equity Fund Program Account

             Program and Financing (in millions of dollars)

                      Identification code 86–0343–0–1–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      459
                      459
                      10

                      1023
                      Unobligated balances applied to repay debt

                      –449

                      1050
                      Unobligated balance (total)
                      459
                      10
                      10

                      1930
                      Total budgetary resources available
                      459
                      10
                      10

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      459
                      10
                      10

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1
                      1
                      1

                      3050
                      Unpaid obligations, end of year
                      1
                      1
                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1
                      1
                      1

                      3200
                      Obligated balance, end of year
                      1
                      1
                      1

             The HOPE for Homeowners (H4H) program was created by the Housing and Economic Recovery Act of 2008 (Act) to help homeowners
                at risk of default and foreclosure refinance into more affordable, sustainable loans.  Under the H4H Program, eligible homeowners
                refinanced their current mortgage loans into a new mortgage insured by FHA.  The program ended on September 30, 2011.

             As required by the Federal Credit Reform Act of 1990, this account records the administrative expenses for this program, as
                well as the subsidy costs, associated with the loan guarantees committed.

             Home Ownership Preservation Entity Fund Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4353–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0711
                      Default claim payments on principal
                      1
                      2
                      1

                      0712
                      Default claim payments on interest

                      1
                      1

                      0900
                      Total new obligations
                      1
                      3
                      2

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      19
                      20
                      18

                      Financing authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      2
                      1
                      1

                      1850
                      Spending auth from offsetting collections, mand (total)
                      2
                      1
                      1

                      1930
                      Total budgetary resources available
                      21
                      21
                      19

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      20
                      18
                      17

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      1

                      3010
                      Obligations incurred, unexpired accounts
                      1
                      3
                      2

                      3020
                      Financing disbursements (gross)
                      –1
                      –2
                      –2

                      3050
                      Unpaid obligations, end of year

                      1
                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year

                      1

                      3200
                      Obligated balance, end of year

                      1
                      1

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      2
                      1
                      1

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      1
                      2
                      2

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4122
                      Interest on uninvested funds
                      –1

                      4123
                      Premiums
                      –1

                      4123
                      Recoveries on defaults

                      –1
                      –1

                      4130
                      Offsets against gross financing auth and disbursements (total)
                      –2
                      –1
                      –1

                      4170
                      Financing disbursements, net (mandatory)
                      –1
                      1
                      1

                      4190
                      Financing disbursements, net (total)
                      –1
                      1
                      1

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 86–4353–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Position with respect to appropriations act limitation on commitments:

                      2143
                      Uncommitted limitation carried forward

                      2150
                      Total guaranteed loan commitments

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      120
                      122
                      118

                      2251
                      Repayments and prepayments
                      –1
                      –2
                      –2

                      Adjustments:

                      2262
                      Terminations for default that result in acquisition of property
                      –1
                      –2
                      –2

                      2264
                      Other adjustments, net
                      41

                      2290
                      Outstanding, end of year
                      122
                      118
                      114

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      122
                      112
                      112

          1Correction to start of year balance

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

          Balance Sheet (in millions of dollars)

                      Identification code 86–4353–0–3–371
                      2011 actual
                      2012 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      16
                      16

                      1999
                      Total assets
                      16
                      16

                      LIABILITIES:

                      2204
                      Non-Federal liabilities: Liabilities for loan guarantees
                      16
                      16

                      4999
                      Total liabilities and net position
                      16
                      16

             Nehemiah Housing Opportunity Fund

             Program and Financing (in millions of dollars)

                      Identification code 86–4071–0–3–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Budgetary Resources:

                      Unobligated balance:

                      1021
                      Recoveries of prior year unpaid obligations
                      3

                      1029
                      Other balances withdrawn
                      –3

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      4
                      1
                      1

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –3

                      3050
                      Unpaid obligations, end of year
                      1
                      1
                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      4
                      1
                      1

                      3200
                      Obligated balance, end of year
                      1
                      1
                      1

             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.

             Federal Housing Administration
             Mutual Mortgage Insurance Program Account
             (including transfers of funds)New commitments to guarantee single family loans insured under the Mutual Mortgage Insurance Fund shall not exceed $400,000,000,000,
                to remain available until September 30, 2015: Provided, That during fiscal year 2014, obligations to make direct loans to carry out the purposes of section 204(g) of the National Housing Act, as amended, shall
                not exceed  $20,000,000: Provided further, That the foregoing amount in the previous proviso 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 contract expenses of the Federal Housing Administration, $127,000,000, to remain available until September 30, 2015: Provided further, That to the extent guaranteed loan commitments exceed $200,000,000,000 on or before April 1, 2013, 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.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0183–0–1–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0707
                      Reestimates of loan guarantee subsidy
                      10,983
                      22,744

                      0708
                      Interest on reestimates of loan guarantee subsidy
                      2,885
                      4,929

                      0709
                      Administrative expenses
                      120
                      211
                      138

                      0900
                      Total new obligations
                      13,988
                      27,884
                      138

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1

                      15
                      12

                      1001
                      Discretionary unobligated balance brought fwd, Oct 1

                      15

                      1011
                      Unobligated balance transfer from other accts [86–0236]
                      4,685
                      3,299

                      1050
                      Unobligated balance (total)
                      4,685
                      3,314
                      12

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation - Administrative Expenses
                      207
                      208
                      127

                      1120
                      Appropriations transferred to other accts [86–4586]
                      –72

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –1

                      1160
                      Appropriation, discretionary (total)
                      135
                      208
                      126

                      Appropriations, mandatory:

                      1200
                      Appropriation

                      943

                      1260
                      Appropriations, mandatory (total)

                      943

                      Spending authority from offsetting collections, mandatory:

                      1811
                      Spending authority from offsetting collections transferred from other accounts [86–0236]
                      9,183
                      23,431

                      1850
                      Spending auth from offsetting collections, mand (total)
                      9,183
                      23,431

                      1900
                      Budget authority (total)
                      9,318
                      24,582
                      126

                      1930
                      Total budgetary resources available
                      14,003
                      27,896
                      138

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      15
                      12

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      145
                      155
                      245

                      3010
                      Obligations incurred, unexpired accounts
                      13,988
                      27,884
                      138

                      3011
                      Obligations incurred, expired accounts
                      1

                      3020
                      Outlays (gross)
                      –13,969
                      –27,794
                      –188

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –10

                      3050
                      Unpaid obligations, end of year
                      155
                      245
                      195

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      145
                      155
                      245

                      3200
                      Obligated balance, end of year
                      155
                      245
                      195

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      135
                      208
                      126

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      11
                      21
                      13

                      4011
                      Outlays from discretionary balances
                      91
                      100
                      175

                      4020
                      Outlays, gross (total)
                      102
                      121
                      188

                      Mandatory:

                      4090
                      Budget authority, gross
                      9,183
                      24,374

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      9,182
                      24,374

                      4101
                      Outlays from mandatory balances
                      4,685
                      3,299

                      4110
                      Outlays, gross (total)
                      13,867
                      27,673

                      4180
                      Budget authority, net (total)
                      9,318
                      24,582
                      126

                      4190
                      Outlays, net (total)
                      13,969
                      27,794
                      188

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

                      Identification code 86–0183–0–1–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Direct loan levels supportable by subsidy budget authority:

                      115001
                      MMI Fund, Direct loans

                      50
                      20

                      115999
                      Total direct loan levels

                      50
                      20

                      Direct loan subsidy (in percent):

                      132001
                      MMI Fund, Direct loans
                      0.00
                      0.00
                      0.00

                      132999
                      Weighted average subsidy rate
                      0.00
                      0.00
                      0.00

                      Guaranteed loan levels supportable by subsidy budget authority:

                      215002
                      MMI Fund
                      213,126
                      248,000
                      178,000

                      215004
                      MMI HECM
                      13,164
                      11,723
                      6,397

                      215007
                      MMI Refi
                      233
                      10,457
                      14,939

                      215999
                      Total loan guarantee levels
                      226,523
                      270,180
                      199,336

                      Guaranteed loan subsidy (in percent):

                      232002
                      MMI Fund
                      –2.53
                      –7.22
                      –7.25

                      232004
                      MMI HECM
                      –1.52
                      –2.29
                      –0.90

                      232007
                      MMI Refi
                      0.00
                      0.00
                      0.00

                      232999
                      Weighted average subsidy rate
                      –2.47
                      –6.73
                      –6.50

                      Guaranteed loan subsidy budget authority:

                      233002
                      MMI Fund
                      –5,382
                      –17,908
                      –12,902

                      233004
                      MMI HECM
                      –200
                      –269
                      –57

                      233999
                      Total subsidy budget authority
                      –5,582
                      –18,177
                      –12,959

                      Guaranteed loan subsidy outlays:

                      234002
                      MMI Fund
                      –5,382
                      –17,908
                      –12,902

                      234004
                      MMI HECM
                      –200
                      –269
                      –57

                      234999
                      Total subsidy outlays
                      –5,582
                      –18,177
                      –12,959

                      Guaranteed loan upward reestimates:

                      235002
                      MMI Fund
                      13,802
                      22,156

                      235004
                      MMI HECM
                      66
                      5,517

                      235999
                      Total upward reestimate budget authority
                      13,868
                      27,673

                      Guaranteed loan downward reestimates:

                      237002
                      MMI Fund
                      –4,304
                      –5,241

                      237004
                      MMI HECM
                      –1,352

                      237999
                      Total downward reestimate subsidy budget authority
                      –5,656
                      –5,241

                      Administrative expense data:

                      3510
                      Budget authority
                      135
                      136
                      127

                      3580
                      Outlays from balances
                      90
                      100
                      128

                      3590
                      Outlays from new authority
                      11
                      14
                      13

             The Federal Housing Administration (FHA) provides mortgage insurance to encourage lenders to make credit available to borrowers
                for which the conventional market does not adequately serve.  These include first-time homebuyers, minorities, lower-income
                families, and residents of underserved areas (central cities and rural areas). In recent years, FHA has also served broader
                populations, providing access as conventional financing became scarce.

             In 2014, the Budget requests a limitation of $400 billion on loan guarantees for the Mutual Mortgage Insurance (MMI) Fund.
                The Budget projects insurance of $178 billion in single family forward mortgages, $14.9 billion in FHA short refinances, and
                $6.4 billion in Home Equity Conversion Mortgages (HECMs) with additional commitment authority available in case these amounts
                are exceeded during execution.  Since October 2010, FHA has increased its annual premium five times, the most recent increase
                announced in January of 2013. Additionally, FHA also announced at that time that it would reverse a prior policy whereby borrowers
                were permitted to stop paying annual insurance premiums when their loans amortized to a certain percentage of the original
                principal balance.  Due to this policy, FHA was forfeiting prematurely substantial premium revenue to which it was entitled,
                while still maintaining responsibility for the outstanding insurance guarantee for these loans.  Also, FHA is now requiring
                manual underwriting for loans with credit scores below 620 and debt-to-income ratios greater than 43% in order to ensure that
                such borrowers possess compensating factors that accord with FHA underwriting guidelines.  Finally, in addition to the premium
                increases that have placed premiums for loans with values above $625,500 at their statutory maximum, FHA will also require
                a minimum down payment of 5% percent for these loans.  These increases will bolster FHA's capital reserves, accelerating the
                point at which FHA will regain compliance with its target capital reserve ratio.  These increases also contribute to higher
                receipts generated by FHA's loan guarantee volume.

             Apart from the Budget, HUD is pursuing a comprehensive legislative package which will give FHA the tools it needs to build
                upon the many administrative steps it has taken since 2009 to strengthen FHA Single Family Programs.  These items will allow
                FHA to enhance enforcement authority, create certainty for FHA approved lenders, protect reverse mortgage consumers, and enhance
                loss mitigation opportunities for borrowers with FHA approved loans.  In total, all these steps will reduce losses to the
                MMIF.

             Enhanced Indemnification Authority to Obtain Indemnification for Direct Endorsement Lenders: In order to originate FHA insured loans, lenders must be approved by FHA to be either a Lender Insurance or a Direct Endorsement
                Lender.  FHA can only seek indemnification from lenders with Lender Insurance approval.  This authority would provide FHA
                the ability to treat both classes of FHA approved lenders equally with respect to non-compliant loans.

             Authority to Terminate Origination and Underwriting Approval: In 2014, HUD will continue to seek authority to terminate lender approval on a broader geographic basis for institutions
                with default rates significantly higher than their peers.

             Transfer of Servicing: This fiscal year, HUD will seek authority to approve servicers of FHA insured loans, enabling FHA to, on a case by case
                basis, transfer servicing of loans to institutions better equipped to reduce losses to the fund by assisting borrowers.

             Additional Authority to manage the Reverse Mortgage Program: To address the expected losses to the MMIF from the Home Equity Conversation Mortgage Program, HUD intends to make significant
                revisions to the program including instituting a required financial assessment and establishing mandatory escrow accounts.

             Revise FHA's Compare Ratio: In an effort to provide greater clarity and certainty to lenders while enabling FHA to more effectively minimize poor lender
                performance and resulting losses, HUD seeks legislative authority to revise the calculation for the Compare Ratio to better
                reflect the modern lending environment.

             The Budget requests an appropriation of $127 million in administrative expenses, which will allow FHA to implement improved
                risk management systems critical for FHA's oversight of its insured portfolio. The Budget discontinues the practice of transferring
                funds into the Information Technology Portfolio (formerly the Working Capital Fund) from this account.

             As required by the Federal Credit Reform Act of 1990, this account records 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.

          Object Classification (in millions of dollars)

                      Identification code 86–0183–0–1–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      120
                      211
                      138

                      41.0
                      Grants, subsidies, and contributions
                      10,983
                      22,744

                      43.0
                      Interest and dividends
                      2,885
                      4,929

                      99.9
                      Total new obligations
                      13,988
                      27,884
                      138

             FHA-mutual Mortgage Insurance Direct Loan Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4242–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0003
                      Claims & other

                      4
                      4

                      Credit program obligations:

                      0710
                      Direct loan obligations

                      50
                      20

                      0713
                      Payment of interest to Treasury

                      2
                      2

                      0791
                      Direct program activities, subtotal

                      52
                      22

                      0900
                      Total new obligations

                      56
                      26

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      5
                      5
                      54

                      Financing authority:

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority

                      50
                      20

                      1440
                      Borrowing authority, mandatory (total)

                      50
                      20

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected

                      55
                      25

                      1850
                      Spending auth from offsetting collections, mand (total)

                      55
                      25

                      1900
                      Financing authority (total)

                      105
                      45

                      1930
                      Total budgetary resources available
                      5
                      110
                      99

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      5
                      54
                      73

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      Obligations incurred, unexpired accounts

                      56
                      26

                      3020
                      Financing disbursements (gross)

                      –56
                      –26

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross

                      105
                      45

                      Financing disbursements:

                      4110
                      Financing disbursements, gross

                      56
                      26

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4122
                      Interest on uninvested funds

                      –1
                      –1

                      4123
                      Repayment of Principal

                      –50
                      –20

                      4123
                      Repayment of interest

                      –4
                      –4

                      4130
                      Offsets against gross financing auth and disbursements (total)

                      –55
                      –25

                      4160
                      Financing authority, net (mandatory)

                      50
                      20

                      4170
                      Financing disbursements, net (mandatory)

                      1
                      1

                      4180
                      Financing authority, net (total)

                      50
                      20

                      4190
                      Financing disbursements, net (total)

                      1
                      1

          Status of Direct Loans (in millions of dollars)

                      Identification code 86–4242–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Position with respect to appropriations act limitation on obligations:

                      1111
                      Limitation on direct loans
                      50
                      50
                      20

                      1142
                      Unobligated direct loan limitation (-)
                      –50

                      1150
                      Total direct loan obligations

                      50
                      20

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year

                      1231
                      Disbursements: Direct loan disbursements

                      50
                      20

                      1251
                      Repayments: Repayments and prepayments

                      –50
                      –20

                      1290
                      Outstanding, end of year

             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 2014 direct loan limitation of $20 million 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 non-profit organizations or local government entities, which would be expected to sell the properties to low-
                and moderate-income buyers. The use of PMMs provides a tool for State and local non-profit organizations to use in revitalizing
                communities, and creates enhanced homeownership opportunities for low- and moderate-income families.

          Balance Sheet (in millions of dollars)

                      Identification code 86–4242–0–3–371
                      2011 actual
                      2012 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      5
                      5

                      1999
                      Total assets
                      5
                      5

                      LIABILITIES:

                      Federal liabilities:

                      2103
                      Federal Liabilities - Debt
                      1
                      1

                      2104
                      Resources payable to Treasury
                      4
                      4

                      2999
                      Total liabilities
                      5
                      5

                      4999
                      Total liabilities and net position
                      5
                      5

             FHA-mutual Mortgage Insurance Guaranteed Loan Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4587–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0003
                      Other capital investment & operating expenses
                      1,930
                      4,789
                      4,959

                      Credit program obligations:

                      0711
                      Default claim payments on principal
                      15,835
                      45,438
                      32,103

                      0712
                      Default claim payments on interest
                      1,759
                      748

                      0713
                      Payment of interest to Treasury
                      305
                      525
                      765

                      0740
                      Negative subsidy obligations
                      5,582
                      18,176
                      12,959

                      0742
                      Downward reestimate paid to receipt account
                      5,355
                      5,102

                      0743
                      Interest on downward reestimates
                      301
                      139

                      0791
                      Direct program activities, subtotal
                      29,137
                      70,128
                      45,827

                      0900
                      Total new obligations
                      31,067
                      74,917
                      50,786

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      27,044
                      33,167
                      27,203

                      1021
                      Recoveries of prior year unpaid obligations
                      103

                      1050
                      Unobligated balance (total)
                      27,147
                      33,167
                      27,203

                      Financing authority:

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority
                      5,200
                      13,000
                      9,400

                      1440
                      Borrowing authority, mandatory (total)
                      5,200
                      13,000
                      9,400

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Offsetting collections
                      32,017
                      57,003
                      32,928

                      1825
                      Spending authority from offsetting collections applied to repay debt
                      –130
                      –1,050
                      –2,100

                      1850
                      Spending auth from offsetting collections, mand (total)
                      31,887
                      55,953
                      30,828

                      1900
                      Financing authority (total)
                      37,087
                      68,953
                      40,228

                      1930
                      Total budgetary resources available
                      64,234
                      102,120
                      67,431

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      33,167
                      27,203
                      16,645

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      2,007
                      1,930
                      1,929

                      3010
                      Obligations incurred, unexpired accounts
                      31,067
                      74,917
                      50,786

                      3020
                      Financing disbursements (gross)
                      –31,041
                      –74,918
                      –50,786

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –103

                      3050
                      Unpaid obligations, end of year
                      1,930
                      1,929
                      1,929

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      2,007
                      1,930
                      1,929

                      3200
                      Obligated balance, end of year
                      1,930
                      1,929
                      1,929

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      37,087
                      68,953
                      40,228

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      31,041
                      74,918
                      50,786

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Transfer of Reestimates from reserves in Capital Reserve account
                      –13,868
                      –27,673

                      4122
                      Interest on uninvested funds
                      –1,474
                      –575
                      –575

                      4123
                      Fees and premiums
                      –16,675
                      –12,993
                      –13,290

                      4123
                      Recoveries on defaults

                      –15,762
                      –19,063

                      4130
                      Offsets against gross financing auth and disbursements (total)
                      –32,017
                      –57,003
                      –32,928

                      4160
                      Financing authority, net (mandatory)
                      5,070
                      11,950
                      7,300

                      4170
                      Financing disbursements, net (mandatory)
                      –976
                      17,915
                      17,858

                      4180
                      Financing authority, net (total)
                      5,070
                      11,950
                      7,300

                      4190
                      Financing disbursements, net (total)
                      –976
                      17,915
                      17,858

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 86–4587–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Position with respect to appropriations act limitation on commitments:

                      2111
                      Limitation on guaranteed loans made by private lenders
                      400,000
                      400,000
                      400,000

                      2142
                      Uncommitted loan guarantee limitation
                      –173,477
                      –129,819
                      –200,664

                      2150
                      Total guaranteed loan commitments
                      226,523
                      270,181
                      199,336

                      2199
                      Guaranteed amount of guaranteed loan commitments
                      226,523
                      270,181
                      199,336

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      1,038,170
                      1,114,221
                      1,160,115

                      2231
                      Disbursements of new guaranteed loans
                      230,633
                      268,010
                      199,240

                      2251
                      Repayments and prepayments
                      –138,747
                      –176,678
                      –157,845

                      Adjustments:

                      2261
                      Terminations for default that result in loans receivable
                      –2,813
                      –1,473
                      –1,786

                      2262
                      Terminations for default that result in acquisition of property
                      –12,412
                      –42,858
                      –29,861

                      2263
                      Terminations for default that result in claim payments
                      –610
                      –1,107
                      –897

                      2290
                      Outstanding, end of year
                      1,114,221
                      1,160,115
                      1,168,966

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      1,114,221
                      1,160,115
                      1,168,966

                      Addendum:

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

                      2310
                      Outstanding, start of year
                      1,142
                      1,744
                      2,492

                      2331
                      Disbursements for guaranteed loan claims
                      1,785
                      1,463
                      1,786

                      2351
                      Repayments of loans receivable
                      –1,183
                      –589
                      –499

                      2361
                      Write-offs of loans receivable

                      –126
                      –142

                      2390
                      Outstanding, end of year
                      1,744
                      2,492
                      3,637

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

          Balance Sheet (in millions of dollars)

                      Identification code 86–4587–0–3–371
                      2011 actual
                      2012 actual

                      ASSETS:

                      Federal assets:

                      1101
                      Fund balances with Treasury
                      29,051
                      35,098

                      Investments in US securities:

                      1106
                      Receivables, net
                      9,725
                      20,643

                      Non-Federal assets:

                      1201
                      Investments in non-Federal securities, net
                      4

                      1206
                      Receivables, net
                      505
                      621

                      Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable:

                      1501
                      Defaulted guaranteed loans receivable, gross
                      1,142
                      1,744

                      1502
                      Interest receivable
                      4
                      41

                      1504
                      Foreclosed property
                      5,200
                      4,888

                      1505
                      Allowance for subsidy cost
                      –3,866
                      –4,482

                      1599
                      Net value of assets related to defaulted guaranteed loan
                      2,480
                      2,191

                      1901
                      Other Federal assets: Other assets
                      267
                      260

                      1999
                      Total assets
                      42,032
                      58,813

                      LIABILITIES:

                      Federal liabilities:

                      2101
                      Accounts payable
                      8,736
                      6,316

                      2103
                      Federal liabilities, Debt
                      3,585
                      8,655

                      Non-Federal liabilities:

                      2201
                      Accounts payable
                      692
                      485

                      2204
                      Liabilities for loan guarantees
                      28,442
                      42,635

                      2207
                      Other
                      577
                      722

                      2999
                      Total liabilities
                      42,032
                      58,813

                      4999
                      Total liabilities and net position
                      42,032
                      58,813

             FHA-mutual Mortgage Insurance Capital Reserve Account

             Program and Financing (in millions of dollars)

                      Identification code 86–0236–0–1–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      4,685
                      3,309

                      1010
                      Unobligated balance transfer to other accts [86–0183]
                      –4,685
                      –3,299

                      1010
                      Unobligated balance transfer to other accts [86–4070]

                      –10

                      Budget authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Offsetting collections (negative subsidy)
                      5,582
                      18,176
                      12,959

                      1800
                      Offsetting collections (interest on investments)
                      1,273
                      14
                      208

                      1800
                      Offsetting collections (downward reestimate)
                      5,655
                      5,241

                      1801
                      Change in uncollected payments, Federal sources
                      –18

                      1810
                      Spending authority from offsetting collections transferred to other accounts [86–0183]
                      –9,183
                      –23,431

                      1810
                      Spending authority from offsetting collections transferred to other accounts [86–4070]

                      –8

                      1850
                      Spending auth from offsetting collections, mand (total)
                      3,309

                      13,159

                      1930
                      Total budgetary resources available
                      3,309

                      13,159

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      3,309

                      13,159

                      Change in obligated balance:

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –19
                      –1
                      –1

                      3070
                      Change in uncollected pymts, Fed sources, unexpired
                      18

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –1
                      –1
                      –1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      –19
                      –1
                      –1

                      3200
                      Obligated balance, end of year
                      –1
                      –1
                      –1

                      Budget authority and outlays, net:

                      Discretionary:

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4030
                      Federal sources
                      –5,582
                      –18,176
                      –12,959

                      Mandatory:

                      4090
                      Budget authority, gross
                      3,309

                      13,159

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4120
                      Federal Sources: Downward Re-estimate
                      –5,655
                      –5,241

                      4121
                      Interest on Federal securities
                      –1,273
                      –14
                      –208

                      4130
                      Offsets against gross budget authority and outlays (total)
                      –6,928
                      –5,255
                      –208

                      Additional offsets against gross budget authority only:

                      4140
                      Change in uncollected pymts, Fed sources, unexpired
                      18

                      4160
                      Budget authority, net (mandatory)
                      –3,601
                      –5,255
                      12,951

                      4170
                      Outlays, net (mandatory)
                      –6,928
                      –5,255
                      –208

                      4180
                      Budget authority, net (total)
                      –9,183
                      –23,431
                      –8

                      4190
                      Outlays, net (total)
                      –12,510
                      –23,431
                      –13,167

                      Memorandum (non-add) entries:

                      5000
                      Total investments, SOY: Federal securities: Par value
                      4,157
                      2,774

                      5001
                      Total investments, EOY: Federal securities: Par value
                      2,774

                      13,166

             In 2002, a 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 Capital Reserve account. The Liquidating account now
                only reflects cash flows related to pre-1992 books of business. In 2003, the Capital Reserve account started earning interest
                on Treasury investments, collecting negative subsidy and downward re-estimates from the Financing account, and paying upward
                re-estimates to the Program account. As such, this account is the ultimate depository for all resources collected by the MMI
                Fund.  The amount of reserves held in this account fluctuates with changes in economic conditions, loan performance, and other
                factors that cause actual reserve levels in the future to vary from projections.  The Budget estimates that reserves will
                be insufficient for the cost of the 2013 upward credit subsidy re-estimate. As a result, the Budget anticipates that FHA will
                use a permanent indefinite appropriation in the MMI Program Account of $943 million in addition to $26,730 million in reserves
                transferred from this account to pay for the upward re-estimate. Such use of permanent indefinite authority is authorized
                by the Federal Credit Reform Act. Based on the results of the 2012 FHA Actuarial Review, the capital reserve ratio will reach
                the target level of 2 percent in 2017.

          Balance Sheet (in millions of dollars)

                      Identification code 86–0236–0–1–371
                      2011 actual
                      2012 actual

                      ASSETS:

                      Federal assets:

                      1101
                      Fund balances with Treasury
                      266
                      537

                      Investments in US securities:

                      1102
                      Treasury securities, net
                      4,127
                      2,772

                      1106
                      Receivables, net
                      6,908
                      21,051

                      1999
                      Total assets
                      11,301
                      24,360

                      LIABILITIES:

                      2101
                      Federal liabilities: Accounts payable
                      3,542
                      20,643

                      NET POSITION:

                      3300
                      Cumulative results of operations
                      7,759
                      3,717

                      4999
                      Total liabilities and net position
                      11,301
                      24,360

             FHA-mutual Mortgage and Cooperative Housing Insurance Funds Liquidating Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4070–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0103
                      Acquisition of real properties
                      26
                      21
                      14

                      0107
                      Capitalized expenses
                      7
                      1
                      1

                      0108
                      Loss mitigation activities
                      1

                      0191
                      Total capital investment
                      34
                      22
                      15

                      0202
                      Other Operation expenses
                      6
                      2
                      2

                      0900
                      Total new obligations
                      40
                      24
                      17

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      19
                      3

                      1011
                      Unobligated balance transfer from other accts [86–0236]

                      10

                      1021
                      Recoveries of prior year unpaid obligations
                      3

                      1050
                      Unobligated balance (total)
                      22
                      13

                      Budget authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      21
                      11
                      9

                      1811
                      Spending authority from offsetting collections transferred from other accounts [86–0236]

                      8

                      1850
                      Spending auth from offsetting collections, mand (total)
                      21
                      11
                      17

                      1930
                      Total budgetary resources available
                      43
                      24
                      17

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      3

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      155
                      156
                      95

                      3010
                      Obligations incurred, unexpired accounts
                      40
                      24
                      17

                      3020
                      Outlays (gross)
                      –36
                      –85
                      –82

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –3

                      3050
                      Unpaid obligations, end of year
                      156
                      95
                      30

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      155
                      156
                      95

                      3200
                      Obligated balance, end of year
                      156
                      95
                      30

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      21
                      11
                      17

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      1
                      10
                      16

                      4101
                      Outlays from mandatory balances
                      35
                      75
                      66

                      4110
                      Outlays, gross (total)
                      36
                      85
                      82

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4123
                      Non-Federal sources - Fees & Premiums
                      –21
                      –3
                      –2

                      4123
                      Non-Federal sources - Recoveries

                      –8
                      –7

                      4130
                      Offsets against gross budget authority and outlays (total)
                      –21
                      –11
                      –9

                      4160
                      Budget authority, net (mandatory)

                      8

                      4170
                      Outlays, net (mandatory)
                      15
                      74
                      73

                      4180
                      Budget authority, net (total)

                      8

                      4190
                      Outlays, net (total)
                      15
                      74
                      73

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 86–4070–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      4,602
                      3,680
                      2,983

                      2251
                      Repayments and prepayments
                      –908
                      –676
                      –677

                      Adjustments:

                      2262
                      Terminations for default that result in acquisition of property
                      –13
                      –19
                      –12

                      2263
                      Terminations for default that result in claim payments
                      –1
                      –2
                      –1

                      2290
                      Outstanding, end of year
                      3,680
                      2,983
                      2,293

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      3,680
                      2,983
                      2,293

                      Addendum:

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

                      2310
                      Outstanding, start of year
                      17
                      17
                      17

                      2390
                      Outstanding, end of year
                      17
                      17
                      17

             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, including the Condominium, Section 203(k) rehabilitation, and
                Home Equity Conversion Mortgage 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 are in the
                General Insurance and Special Risk Insurance funds (GI/SRI).

             The Federal Credit Reform Act of 1990 creates a structure of three accounts for existing credit programs. 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, the MMI Capital Reserve account was established to maintain reserves required by statute that were previously deposited
                in the liquidating account.

             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
                      2011 actual
                      2012 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      174
                      159

                      1206
                      Non-Federal assets: Receivables, net
                      3
                      5

                      1701
                      Defaulted guaranteed loans, gross
                      17
                      17

                      1703
                      Allowance for estimated uncollectible loans and interest (-)
                      –15
                      –10

                      1799
                      Value of assets related to loan guarantees
                      2
                      7

                      1901
                      Other Federal assets: Other assets
                      1
                      1

                      1999
                      Total assets
                      180
                      172

                      LIABILITIES:

                      Non-Federal liabilities:

                      2201
                      Accounts payable
                      145
                      136

                      2204
                      Liabilities for loan guarantees
                      18
                      11

                      2207
                      Unearned revenue and advances, and other
                      11
                      14

                      2999
                      Total liabilities
                      174
                      161

                      NET POSITION:

                      3300
                      Cumulative results of operations
                      6
                      11

                      4999
                      Total liabilities and net position
                      180
                      172

          Object Classification (in millions of dollars)

                      Identification code 86–4070–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      13

                      2

                      32.0
                      Land and structures
                      26
                      22
                      14

                      42.0
                      Insurance claims and indemnities
                      1
                      2
                      1

                      99.9
                      Total new obligations
                      40
                      24
                      17

             General and Special Risk Program Account New commitments to guarantee loans insured under the General and Special Risk Insurance Funds, as authorized by sections
                238 and 519 of the National Housing Act (12 U.S.C. 1715z–3 and 1735c), shall not exceed $30,000,000,000 in total loan principal, any part of which is to be guaranteed, to remain available until September 30, 2015: Provided, That during fiscal year 2014, 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 $20,000,000, which 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.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0200–0–1–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0707
                      Reestimates of loan guarantee subsidy
                      523
                      4,096

                      0708
                      Interest on reestimates of loan guarantee subsidy
                      223
                      1,586

                      0900
                      Total new obligations (object class 41.0)
                      746
                      5,682

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      17
                      17
                      17

                      Budget authority:

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      746
                      5,682

                      1260
                      Appropriations, mandatory (total)
                      746
                      5,682

                      1900
                      Budget authority (total)
                      746
                      5,682

                      1930
                      Total budgetary resources available
                      763
                      5,699
                      17

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      17
                      17
                      17

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      17
                      8

                      3010
                      Obligations incurred, unexpired accounts
                      746
                      5,682

                      3020
                      Outlays (gross)
                      –749
                      –5,690

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –6

                      3050
                      Unpaid obligations, end of year
                      8

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      17
                      8

                      3200
                      Obligated balance, end of year
                      8

                      Budget authority and outlays, net:

                      Discretionary:

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      3
                      8

                      Mandatory:

                      4090
                      Budget authority, gross
                      746
                      5,682

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      746
                      5,682

                      4180
                      Budget authority, net (total)
                      746
                      5,682

                      4190
                      Outlays, net (total)
                      749
                      5,690

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

                      Identification code 86–0200–0–1–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Direct loan levels supportable by subsidy budget authority:

                      115001
                      GI/SRI Direct Loans

                      1
                      1

                      115999
                      Total direct loan levels

                      1
                      1

                      Direct loan subsidy (in percent):

                      132001
                      GI/SRI Direct Loans
                      0.00
                      0.00
                      0.00

                      132999
                      Weighted average subsidy rate
                      0.00
                      0.00
                      0.00

                      Guaranteed loan levels supportable by subsidy budget authority:

                      215001
                      Multifamily Development
                      2,584
                      2,500
                      2,711

                      215003
                      Tax Credit New Construction
                      1,283
                      1,252
                      1,501

                      215004
                      238(c) Military Impact Area
                      32

                      215005
                      Apartments Refinance
                      11,144
                      12,802
                      10,889

                      215008
                      Housing Finance Authority Risk Sharing
                      166
                      170
                      187

                      215009
                      GSE Risk Sharing
                      128
                      135
                      137

                      215010
                      Health Care and Nursing Homes
                      266
                      256
                      224

                      215011
                      Health Care Refinances
                      5,688
                      5,486
                      4,785

                      215012
                      Hospitals
                      295
                      675
                      1,025

                      215013
                      Other Rental
                      331
                      242
                      287

                      215017
                      Title 1 Property Improvement
                      101
                      128
                      140

                      215018
                      Title 1 Manufactured Housing
                      32
                      24
                      26

                      215999
                      Total loan guarantee levels
                      22,050
                      23,670
                      21,912

                      Guaranteed loan subsidy (in percent):

                      232001
                      Multifamily Development
                      –1.09
                      –2.51
                      –3.58

                      232003
                      Tax Credit New Construction
                      –2.30
                      –3.15
                      –3.24

                      232004
                      238(c) Military Impact Area
                      0.45
                      0.00
                      0.00

                      232005
                      Apartments Refinance
                      –2.17
                      –4.65
                      –4.19

                      232008
                      Housing Finance Authority Risk Sharing
                      –0.99
                      –3.41
                      –2.85

                      232009
                      GSE Risk Sharing
                      –0.99
                      –2.15
                      –1.16

                      232010
                      Health Care and Nursing Homes
                      –1.34
                      –3.15
                      –1.16

                      232011
                      Health Care Refinances
                      –1.96
                      –4.29
                      –4.04

                      232012
                      Hospitals
                      –3.82
                      –6.41
                      –4.09

                      232013
                      Other Rental
                      –1.70
                      –1.08
                      –0.41

                      232017
                      Title 1 Property Improvement
                      –0.67
                      0.00
                      –0.10

                      232018
                      Title 1 Manufactured Housing
                      –2.14
                      –2.58
                      –1.66

                      232999
                      Weighted average subsidy rate
                      –1.98
                      –4.21
                      –3.87

                      Guaranteed loan subsidy budget authority:

                      233001
                      Multifamily Development
                      –29
                      –63
                      –97

                      233003
                      Tax Credit New Construction
                      –30
                      –39
                      –49

                      233005
                      Apartments Refinance
                      –242
                      –595
                      –456

                      233008
                      Housing Finance Authority Risk Sharing
                      –2
                      –6
                      –5

                      233009
                      GSE Risk Sharing
                      –1
                      –3
                      –2

                      233010
                      Health Care and Nursing Homes
                      –4
                      –8
                      –3

                      233011
                      Health Care Refinances
                      –111
                      –235
                      –193

                      233012
                      Hospitals
                      –11
                      –43
                      –42

                      233013
                      Other Rental
                      –6
                      –3
                      –1

                      233017
                      Title 1 Property Improvement
                      –1

                      233018
                      Title 1 Manufactured Housing
                      –1
                      –1

                      233999
                      Total subsidy budget authority
                      –438
                      –996
                      –848

                      Guaranteed loan subsidy outlays:

                      234001
                      Multifamily Development
                      –26
                      –56
                      –88

                      234003
                      Tax Credit New Construction
                      –26
                      –36
                      –46

                      234005
                      Apartments Refinance
                      –227
                      –531
                      –491

                      234007
                      Multifamily Operating Loss Loans
                      1

                      234008
                      Housing Finance Authority Risk Sharing
                      –1
                      –6
                      –5

                      234009
                      GSE Risk Sharing
                      –1
                      –2
                      –2

                      234010
                      Health Care and Nursing Homes
                      –3
                      –8
                      –4

                      234011
                      Health Care Refinances
                      –94
                      –206
                      –204

                      234012
                      Hospitals
                      –12
                      –40
                      –42

                      234013
                      Other Rental
                      –4
                      –4
                      –2

                      234017
                      Title 1 Property Improvement
                      –1

                      234018
                      Title 1 Manufactured Housing
                      –1
                      –1
                      –1

                      234999
                      Total subsidy outlays
                      –395
                      –890
                      –885

                      Guaranteed loan upward reestimates:

                      235023
                      GI/SRI Reestimates
                      746
                      5,682

                      235999
                      Total upward reestimate budget authority
                      746
                      5,682

                      Guaranteed loan downward reestimates:

                      237023
                      GI/SRI Reestimates
                      –2,216
                      –529

                      237999
                      Total downward reestimate subsidy budget authority
                      –2,216
                      –529

             This account includes credit subsidy budget authority and outlays for FHA's General Insurance and Special Risk Insurance Fund
                programs , including reestimates and modifications.  These programs provide mortgage insurance for a variety of purposes including
                financing for the development or rehabilitation of multifamily housing, nursing homes, and hospitals.  The Budget does not
                request an appropriation of new credit subsidy funds and assumes that HUD will continue to suspend issuance of new insurance
                on the two types of loans that currently require positive credit subsidy: Section 221(d)(3) multifamily housing loans for
                projects with non-profit sponsors and Section 223(d) operating loss loans to multifamily housing projects with a primary FHA
                mortgage.  Neither suspension is expected to have a detrimental impact on the production and preservation of rental housing.
                Effective October 1, 2012, Section 223(d) operating loss loans to healthcare facilities with a primary 232 mortgage and Section
                241(a) supplemental loans to FHA-financed multifamily housing loans are reported under the budget risk category of the primary
                FHA mortgage.

             Credit subsidy rates for 2014 reflect a continuation of 2013 mortgage insurance premium increases for newly insured market
                rate multifamily housing and healthcare facility loans.

             As required by the Federal Credit Reform Act of 1990, this account records the subsidy costs associated with loan guarantees
                committed or direct loans obligated in 1992 and thereafter. The subsidy amounts are estimated on a present value basis. This
                account no longer includes appropriations for administrative contract costs, which were moved to the MMI Fund in 2010.

             FHA-general and Special Risk Guaranteed Loan Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4077–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Capital investment, claims and other

                      0003
                      Other capital investments and operating expenses
                      32
                      45
                      36

                      0014
                      Contract Costs
                      42
                      75
                      123

                      0091
                      Direct program activities, subtotal
                      74
                      120
                      159

                      Credit program obligations:

                      0711
                      Default claim payments on principal
                      2,008
                      4,313
                      3,338

                      0712
                      Default claim payments on interest
                      223
                      431
                      334

                      0713
                      Payment of interest to Treasury
                      158
                      175
                      175

                      0740
                      Negative subsidy obligations
                      438
                      996
                      848

                      0742
                      Downward reestimate paid to receipt account
                      1,723
                      470

                      0743
                      Interest on downward reestimates
                      494
                      59

                      0791
                      Direct program activities, subtotal
                      5,044
                      6,444
                      4,695

                      0900
                      Total new obligations
                      5,118
                      6,564
                      4,854

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      9,181
                      7,083
                      9,104

                      1021
                      Recoveries of prior year unpaid obligations
                      19

                      1023
                      Unobligated balances applied to repay debt

                      –200
                      –200

                      1050
                      Unobligated balance (total)
                      9,200
                      6,883
                      8,904

                      Financing authority:

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority
                      560
                      800
                      800

                      1440
                      Borrowing authority, mandatory (total)
                      560
                      800
                      800

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      2,576
                      8,185
                      2,714

                      1825
                      Spending authority from offsetting collections applied to repay debt
                      –135
                      –200
                      –200

                      1850
                      Spending auth from offsetting collections, mand (total)
                      2,441
                      7,985
                      2,514

                      1900
                      Financing authority (total)
                      3,001
                      8,785
                      3,314

                      1930
                      Total budgetary resources available
                      12,201
                      15,668
                      12,218

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      7,083
                      9,104
                      7,364

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      313
                      542
                      2,144

                      3010
                      Obligations incurred, unexpired accounts
                      5,118
                      6,564
                      4,854

                      3020
                      Financing disbursements (gross)
                      –4,870
                      –4,962
                      –3,212

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –19

                      3050
                      Unpaid obligations, end of year
                      542
                      2,144
                      3,786

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –1
                      –1
                      –1

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –1
                      –1
                      –1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      312
                      541
                      2,143

                      3200
                      Obligated balance, end of year
                      541
                      2,143
                      3,785

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      3,001
                      8,785
                      3,314

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      4,870
                      4,962
                      3,212

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Subsidy reestimate from program account
                      –746
                      –5,682

                      4120
                      Other payments from FHA Accounts
                      –1
                      –1

                      4122
                      Interest on uninvested funds
                      –405
                      –405
                      –405

                      4123
                      Fees and premiums
                      –796
                      –947
                      –1,015

                      4123
                      Recoveries on HUD-Held Notes
                      –128
                      –312
                      –547

                      4123
                      Title I recoveries
                      –10

                      4123
                      Single family property recoveries
                      –320
                      –659
                      –517

                      4123
                      Gross Proceeds from Mortgage Note Sales
                      –160
                      –179
                      –230

                      4123
                      Non-Federal Resources-other
                      –10

                      4130
                      Offsets against gross financing auth and disbursements (total)
                      –2,576
                      –8,185
                      –2,714

                      4160
                      Financing authority, net (mandatory)
                      425
                      600
                      600

                      4170
                      Financing disbursements, net (mandatory)
                      2,294
                      –3,223
                      498

                      4180
                      Financing authority, net (total)
                      425
                      600
                      600

                      4190
                      Financing disbursements, net (total)
                      2,294
                      –3,223
                      498

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 86–4077–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Position with respect to appropriations act limitation on commitments:

                      2111
                      Limitation on guaranteed loans made by private lenders
                      25,000
                      25,000
                      30,000

                      2142
                      Uncommitted loan guarantee limitation
                      –2,950
                      –1,330
                      –8,088

                      2150
                      Total guaranteed loan commitments
                      22,050
                      23,670
                      21,912

                      2199
                      Guaranteed amount of guaranteed loan commitments
                      21,613
                      23,559
                      21,750

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      136,016
                      141,710
                      156,238

                      2231
                      Disbursements of new guaranteed loans
                      19,957
                      26,708
                      23,937

                      2251
                      Repayments and prepayments
                      –12,032
                      –6,955
                      –5,965

                      Adjustments:

                      2261
                      Terminations for default that result in loans receivable
                      –1,399
                      –2,816
                      –1,943

                      2262
                      Terminations for default that result in acquisition of property
                      –678
                      –1,141
                      –712

                      2263
                      Terminations for default that result in claim payments
                      –154
                      –1,268
                      –2,557

                      2290
                      Outstanding, end of year
                      141,710
                      156,238
                      168,998

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      138,455
                      152,650
                      165,117

                      Addendum:

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

                      2310
                      Outstanding, start of year
                      2,120
                      2,458
                      4,197

                      2331
                      Disbursements for guaranteed loan claims
                      1,399
                      2,816
                      1,930

                      2351
                      Repayments of loans receivable
                      –231
                      –115
                      –551

                      2361
                      Write-offs of loans receivable
                      –830
                      –962
                      –1,166

                      2390
                      Outstanding, end of year
                      2,458
                      4,197
                      4,410

             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
                      2011 actual
                      2012 actual

                      ASSETS:

                      Federal assets:

                      1101
                      Fund balances with Treasury
                      9,493
                      7,624

                      Investments in US securities:

                      1106
                      Receivables, net
                      562
                      6,452

                      Non-Federal assets:

                      1201
                      Investments in non-Federal securities, net
                      56
                      57

                      1206
                      Receivables, net
                      45
                      47

                      Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable:

                      1501
                      Defaulted guaranteed loans receivable, gross
                      2,120
                      2,458

                      1502
                      Interest receivable
                      503
                      846

                      1504
                      Foreclosed property
                      479
                      254

                      1505
                      Allowance for subsidy cost
                      –1,167
                      –1,531

                      1599
                      Net value of assets related to defaulted guaranteed loan
                      1,935
                      2,027

                      1901
                      Other Federal assets: Other assets
                      2,292
                      8

                      1999
                      Total assets
                      14,383
                      16,215

                      LIABILITIES:

                      Federal liabilities:

                      2101
                      Accounts payable Intragovernmental
                      1,801
                      609

                      2103
                      Debt
                      2,447
                      2,873

                      Non-Federal liabilities:

                      2201
                      Accounts payable
                      126
                      330

                      2204
                      Liabilities for loan guarantees
                      7,608
                      12,311

                      2207
                      Other
                      115
                      92

                      2999
                      Total liabilities
                      12,097
                      16,215

                      NET POSITION:

                      3300
                      Cumulative results of operations
                      2,286

                      4999
                      Total liabilities and net position
                      14,383
                      16,215

             FHA-general and Special Risk Direct Loan Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4105–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0710
                      Direct loan obligations

                      1
                      1

                      0900
                      Total new obligations

                      1
                      1

                      Budgetary Resources:

                      Financing authority:

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority

                      1
                      1

                      1440
                      Borrowing authority, mandatory (total)

                      1
                      1

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected

                      1
                      1

                      1825
                      Spending authority from offsetting collections applied to repay debt

                      –1
                      –1

                      1900
                      Financing authority (total)

                      1
                      1

                      1930
                      Total budgetary resources available

                      1
                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      Obligations incurred, unexpired accounts

                      1
                      1

                      3020
                      Financing disbursements (gross)

                      –1
                      –1

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross

                      1
                      1

                      Financing disbursements:

                      4110
                      Financing disbursements, gross

                      1
                      1

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4123
                      Repayment of Principal

                      –1
                      –1

          Status of Direct Loans (in millions of dollars)

                      Identification code 86–4105–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Position with respect to appropriations act limitation on obligations:

                      1111
                      Limitation on direct loans
                      20
                      20
                      20

                      1142
                      Unobligated direct loan limitation (-)
                      –20
                      –19
                      –19

                      1150
                      Total direct loan obligations

                      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 loan modifications) for FHA's General Insurance and
                Special Risk Insurance Fund programs. The amounts in this account are a means of financing and are not included in the budget
                totals. As required by the Federal Credit Reform Act of 1990, no administrative expenses can be recorded in the financing
                account.

             FHA-loan Guarantee Recovery Fund Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4106–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      4
                      4
                      4

                      1930
                      Total budgetary resources available
                      4
                      4
                      4

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      4
                      4
                      4

                      Change in obligated balance:

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –1
                      –1
                      –1

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –1
                      –1
                      –1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      –1
                      –1
                      –1

                      3200
                      Obligated balance, end of year
                      –1
                      –1
                      –1

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 86–4106–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      6
                      6
                      5

                      2251
                      Repayments and prepayments

                      –1
                      –1

                      2290
                      Outstanding, end of year
                      6
                      5
                      4

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      6
                      4
                      4

             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 non-profit
                organizations that were damaged as a result of acts of arson or terrorism.  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. 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 86–4106–0–3–371
                      2011 actual
                      2012 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      4
                      4

                      1999
                      Total assets
                      4
                      4

                      LIABILITIES:

                      2204
                      Non-Federal liabilities: Liabilities for loan guarantees
                      4
                      4

                      4999
                      Total liabilities and net position
                      4
                      4

             FHA-general and Special Risk Insurance Funds Liquidating Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4072–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      Capital investment: Claims and other

                      0101
                      Interest on Debentures
                      1

                      0102
                      Assignment and Property Acquisition Claims

                      20
                      10

                      0104
                      Mark-To-Market Restructures
                      9

                      0110
                      Capitalized Expenses
                      4

                      0111
                      HUD Held Notes Escrow Activity
                      58
                      58
                      53

                      0112
                      Upfront Grants
                      4

                      0113
                      Other
                      4

                      0900
                      Total new obligations
                      80
                      78
                      63

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      253
                      182

                      1021
                      Recoveries of prior year unpaid obligations
                      8

                      1022
                      Capital transfer of unobligated balances to general fund
                      –253
                      –182

                      1050
                      Unobligated balance (total)
                      8

                      Budget authority:

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      30
                      30
                      30

                      1260
                      Appropriations, mandatory (total)
                      30
                      30
                      30

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      234
                      105
                      57

                      1820
                      Capital transfer of spending authority from offsetting collections to general fund

                      –57
                      –24

                      1825
                      Spending authority from offsetting collections applied to repay debt
                      –10

                      1850
                      Spending auth from offsetting collections, mand (total)
                      224
                      48
                      33

                      1900
                      Budget authority (total)
                      254
                      78
                      63

                      1930
                      Total budgetary resources available
                      262
                      78
                      63

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      182

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      396
                      366
                      346

                      3010
                      Obligations incurred, unexpired accounts
                      80
                      78
                      63

                      3020
                      Outlays (gross)
                      –102
                      –98
                      –83

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –8

                      3050
                      Unpaid obligations, end of year
                      366
                      346
                      326

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –1
                      –1
                      –1

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –1
                      –1
                      –1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      395
                      365
                      345

                      3200
                      Obligated balance, end of year
                      365
                      345
                      325

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      254
                      78
                      63

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      80
                      75
                      60

                      4101
                      Outlays from mandatory balances
                      22
                      23
                      23

                      4110
                      Outlays, gross (total)
                      102
                      98
                      83

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4123
                      Non-Federal sources - Other
                      –234
                      –105
                      –57

                      4180
                      Budget authority, net (total)
                      20
                      –27
                      6

                      4190
                      Outlays, net (total)
                      –132
                      –7
                      26

                      Memorandum (non-add) entries:

                      5000
                      Total investments, SOY: Federal securities: Par value
                      3
                      3

                      5001
                      Total investments, EOY: Federal securities: Par value
                      3

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 86–4072–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      2,332
                      1,755
                      1,477

                      2251
                      Repayments and prepayments
                      –566
                      –258
                      –176

                      Adjustments:

                      2261
                      Terminations for default that result in loans receivable
                      –9
                      –19
                      –10

                      2262
                      Terminations for default that result in acquisition of property
                      –2
                      –1
                      –1

                      2290
                      Outstanding, end of year
                      1,755
                      1,477
                      1,290

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      1,755
                      1,477
                      1,290

                      Addendum:

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

                      2310
                      Outstanding, start of year
                      2,483
                      2,359
                      2,322

                      2331
                      Disbursements for guaranteed loan claims
                      9
                      19
                      10

                      2351
                      Repayments of loans receivable
                      –133
                      –56
                      –54

                      2390
                      Outstanding, end of year
                      2,359
                      2,322
                      2,278

             The General and Special Risk Insurance funds provide insurance for a large number of specialized mortgage insurance programs,
                including insurance of loans for property improvements, cooperatives, condominiums, nursing homes, rental housing and nonprofit
                hospitals.

             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 are recorded in corresponding
                program (86–0200) and financing (86–4077 and 86–4105) accounts.

          Balance Sheet (in millions of dollars)

                      Identification code 86–4072–0–3–371
                      2011 actual
                      2012 actual

                      ASSETS:

                      Federal assets:

                      1101
                      Fund balances with Treasury
                      645
                      544

                      Investments in US securities:

                      1102
                      Treasury securities, par
                      3
                      3

                      Non-Federal assets:

                      1201
                      Investments in non-Federal securities, net
                      3
                      3

                      1206
                      Receivables, net
                      11
                      3

                      1701
                      Defaulted guaranteed loans, gross
                      2,483
                      2,359

                      1702
                      Interest receivable
                      226
                      231

                      1703
                      Allowance for estimated uncollectible loans and interest (-)
                      –1,671
                      –1,371

                      1799
                      Value of assets related to loan guarantees
                      1,038
                      1,219

                      1901
                      Other Federal assets: Other assets
                      115
                      251

                      1999
                      Total assets
                      1,815
                      2,023

                      LIABILITIES:

                      Non-Federal liabilities:

                      2201
                      Accounts payable
                      13
                      7

                      2203
                      Debt
                      10

                      2204
                      Liabilities for loan guarantees
                      16
                      7

                      2207
                      Other
                      192
                      165

                      2999
                      Total liabilities
                      231
                      179

                      NET POSITION:

                      3100
                      Unexpended appropriations
                      68
                      89

                      3300
                      Cumulative results of operations
                      1,516
                      1,755

                      3999
                      Total net position
                      1,584
                      1,844

                      4999
                      Total liabilities and net position
                      1,815
                      2,023

          Object Classification (in millions of dollars)

                      Identification code 86–4072–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Direct obligations:

                      32.0
                      Land and structures
                      2
                      1
                      1

                      33.0
                      Investments and loans
                      78
                      77
                      62

                      99.9
                      Total new obligations
                      80
                      78
                      63

             Housing for the Elderly or Handicapped Fund Liquidating Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4115–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0102
                      Loan Management, Liquidations and Property Dispositions
                      2
                      6
                      6

                      0900
                      Total new obligations (object class 32.0)
                      2
                      6
                      6

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      6
                      35

                      1022
                      Capital transfer of unobligated balances to general fund
                      –6
                      –35

                      Budget authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      572
                      550
                      400

                      1820
                      Capital transfer of spending authority from offsetting collections to general fund
                      –535
                      –544
                      –394

                      1850
                      Spending auth from offsetting collections, mand (total)
                      37
                      6
                      6

                      1930
                      Total budgetary resources available
                      37
                      6
                      6

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      35

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      5
                      5
                      8

                      3010
                      Obligations incurred, unexpired accounts
                      2
                      6
                      6

                      3020
                      Outlays (gross)
                      –2
                      –3
                      –5

                      3050
                      Unpaid obligations, end of year
                      5
                      8
                      9

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      5
                      5
                      8

                      3200
                      Obligated balance, end of year
                      5
                      8
                      9

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      37
                      6
                      6

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority

                      2
                      2

                      4101
                      Outlays from mandatory balances
                      2
                      1
                      3

                      4110
                      Outlays, gross (total)
                      2
                      3
                      5

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4123
                      Non-Federal sources
                      –572
                      –550
                      –400

                      4180
                      Budget authority, net (total)
                      –535
                      –544
                      –394

                      4190
                      Outlays, net (total)
                      –570
                      –547
                      –395

          Status of Direct Loans (in millions of dollars)

                      Identification code 86–4115–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      2,846
                      2,493
                      2,155

                      1251
                      Repayments: Repayments and prepayments
                      –348
                      –332
                      –332

                      1264
                      Write-offs for default: Other adjustments, net (+ or -)
                      –5
                      –6
                      –6

                      1290
                      Outstanding, end of year
                      2,493
                      2,155
                      1,817

             The Housing for the Elderly or Handicapped Loan Fund was established pursuant to section 202 of the Housing Act of 1959, as
                amended.  The fund provided direct loans to non-profit organizations sponsoring the construction and management of rental
                housing for the elderly or non-elderly persons with disabilities. No new loan commitments were made after 1991; however, projects
                developed under it continue to operate.  After April 1, 1992, all projects for which there were administrative reservations
                converted to the capital advance assistance program. Any remaining activity for the loan program includes amendments for projects
                reaching final endorsement.

             As required by the Federal Credit Reform Act of 1990, this account records all cash flows to and from the Government resulting
                from this program.

          Balance Sheet (in millions of dollars)

                      Identification code 86–4115–0–3–371
                      2011 actual
                      2012 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      11
                      40

                      1206
                      Non-Federal assets: Interest Receivable: Public
                      29
                      27

                      1601
                      Direct loans, gross
                      2,846
                      2,493

                      1603
                      Allowance for estimated uncollectible loans and interest (-)
                      –9
                      –21

                      1604
                      Direct loans and interest receivable, net
                      2,837
                      2,472

                      1606
                      Acquired Real Property
                      1

                      1699
                      Value of assets related to direct loans
                      2,838
                      2,472

                      1999
                      Total assets
                      2,878
                      2,539

                      LIABILITIES:

                      2207
                      Non-Federal liabilities: Other
                      6
                      3

                      NET POSITION:

                      3100
                      Unexpended Appropriations
                      10
                      8

                      3300
                      Revolving Fund: Cumulative results of operations
                      2,862
                      2,528

                      3999
                      Total net position
                      2,872
                      2,536

                      4999
                      Total liabilities and net position
                      2,878
                      2,539

          Trust Funds
             Manufactured Housing Fees Trust Fund

             Special and Trust Fund Receipts (in millions of dollars)

                      Identification code 86–8119–0–7–376
                      2012 actual
                      2013 CR
                      2014 est.

                      0100
                      Balance, start of year
                      1
                      1
                      1

                      Receipts:

                      0240
                      General Fund Payment, Manufactured Housing Fee Trust Fund
                      3
                      3
                      1

                      0260
                      Mobile Home Inspection and Monitoring Fees, Manufactured Housing Fee Trust Fund
                      3
                      3
                      7

                      0299
                      Total receipts and collections
                      6
                      6
                      8

                      0400
                      Total: Balances and collections
                      7
                      7
                      9

                      Appropriations:

                      0500
                      Manufactured Housing Fees Trust Fund
                      –6
                      –6
                      –8

                      0799
                      Balance, end of year
                      1
                      1
                      1

          Program and Financing (in millions of dollars)

                      Identification code 86–8119–0–7–376
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0002
                      Manufactured Housing Program Costs — Fees
                      8
                      6
                      6

                      0004
                      Manufactured Housing Program Costs — Direct Appropriations
                      2
                      4
                      4

                      0900
                      Total new obligations
                      10
                      10
                      10

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      15
                      11
                      7

                      Budget authority:

                      Appropriations, discretionary:

                      1101
                      Appropriation (special or trust fund)
                      6
                      6
                      8

                      1160
                      Appropriation, discretionary (total)
                      6
                      6
                      8

                      1930
                      Total budgetary resources available
                      21
                      17
                      15

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      11
                      7
                      5

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      2
                      5
                      6

                      3010
                      Obligations incurred, unexpired accounts
                      10
                      10
                      10

                      3020
                      Outlays (gross)
                      –7
                      –9
                      –8

                      3050
                      Unpaid obligations, end of year
                      5
                      6
                      8

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      2
                      5
                      6

                      3200
                      Obligated balance, end of year
                      5
                      6
                      8

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      6
                      6
                      8

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      1
                      2
                      3

                      4011
                      Outlays from discretionary balances
                      6
                      7
                      5

                      4020
                      Outlays, gross (total)
                      7
                      9
                      8

                      4180
                      Budget authority, net (total)
                      6
                      6
                      8

                      4190
                      Outlays, net (total)
                      7
                      9
                      8

             The National Manufactured Housing Construction and Safety Standards Act of 1974, as amended, authorizes the 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 in 1976, must comply
                with Federal construction and safety standards.  A majority of States participate in the program under compliance plans approved
                by HUD. 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 transportable section produced and may be charged to any dispute resolution
                and installation program participant. Prior to 2009, this fee income was sufficient to fully support program operations. However,
                due to a significant decline in manufactured housing production rates in recent years, fee collections have been insufficient
                to maintain program requirements. The 2014 Budget proposes to fund the costs of authorized activities necessary to carry out
                all aspects of the manufactured housing legislation with a direct appropriation of $1 million and approximately $6.53 million
                in estimated fees. In order to achieve this level of collections, HUD is also proposing to increase the label fee in 2014
                from $39 to up to $100 per label. This fee increase is necessary to ensure that HUD can continue to fulfill its statutory
                responsibilities.

          Object Classification (in millions of dollars)

                      Identification code 86–8119–0–7–376
                      2012 actual
                      2013 CR
                      2014 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      7
                      7
                      7

                      41.0
                      Grants, subsidies, and contributions
                      3
                      3
                      3

                      99.9
                      Total new obligations
                      10
                      10
                      10

             Government National Mortgage Association

             The Government National Mortgage Association (GNMA) was formed by Congress in 1968.  It is a wholly owned government corporation
                within the U.S. Department of Housing and Urban Development (HUD).  It was established to support Federal housing initiatives
                by providing liquidity to the secondary mortgage market and to attract capital from the global capital markets for the nation's
                mortgage markets.  Its primary function is to guarantee the timely payment of principal and interest on Mortgage-Backed Securities
                (MBS) that are backed by loans insured or guaranteed by the Federal Housing Administration (FHA), the Department of Veterans
                Affairs (VA), Rural Development in the U.S. Department of Agriculture, and HUD's Office of Public and Indian Housing.

          Federal Funds
             Guarantees of Mortgage-backed Securities Capital Reserve Account

             Program and Financing (in millions of dollars)

                      Identification code 86–0238–0–1–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1

                      8,489

                      1010
                      Unobligated balance transfer to other accts [86–0186]

                      –100

                      1011
                      Unobligated balance transfer from other accts [86–4238]

                      1,576

                      1011
                      Unobligated balance transfer from other accts [86–4240]

                      200
                      200

                      1050
                      Unobligated balance (total)

                      1,776
                      8,589

                      Budget authority:

                      Appropriations, mandatory:

                      1221
                      Appropriations transferred from other accts [86–0186]

                      6,083

                      1260
                      Appropriations, mandatory (total)

                      6,083

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Offsetting collections (negative subsidy)

                      580
                      542

                      1800
                      Offsetting collections (interest on investments)

                      50
                      130

                      1850
                      Spending auth from offsetting collections, mand (total)

                      630
                      672

                      1900
                      Budget authority (total)

                      6,713
                      672

                      1930
                      Total budgetary resources available

                      8,489
                      9,261

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year

                      8,489
                      9,261

                      Budget authority and outlays, net:

                      Discretionary:

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4030
                      Federal sources

                      –580
                      –542

                      Mandatory:

                      4090
                      Budget authority, gross

                      6,713
                      672

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4121
                      Interest on Federal securities

                      –50
                      –130

                      4180
                      Budget authority, net (total)

                      6,083

                      4190
                      Outlays, net (total)

                      –630
                      –672

                      Memorandum (non-add) entries:

                      5000
                      Total investments, SOY: Federal securities: Par value

                      7,659

                      5001
                      Total investments, EOY: Federal securities: Par value

                      7,659
                      7,678

             In 2013, a Capital Reserve account was established for the Government National Mortgage Association. Financial reserves of
                the Association were transferred from the reserve receipt and liquidating accounts to the Capital Reserve account. This mandatory
                account earns interest on Treasury investments and is the eventual depository for all resources collected by the Association.
                The amount of reserves held in this account fluctuates with changes in economic conditions, issuer performance, and other
                factors that cause actual reserve levels in the future to vary from projections. The Liquidating account now only reflects
                cash flows related to pre-1998 books of business.

             Guarantees of Mortgage-Backed Securities Loan Guarantee Program AccountNew 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 $500,000,000,000, to remain available until September 30,  2015: Provided, That  $21,200,000 shall be available for necessary salaries and expenses of the Office of Government National Mortgage Association: Provided further, That to the extent that guaranteed loan commitments will and do exceed $155,000,000,000 on or before April 1,  2014, an additional $100 for necessary salaries and expenses shall be available until expended 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 $3,000,000: Provided further, That receipts from Commitment and Multiclass fees collected pursuant to title III of the National Housing Act, as amended,
                shall be credited as offsetting collections to this account.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Special and Trust Fund Receipts (in millions of dollars)

                      Identification code 86–0186–0–1–371
                      2012 actual
                      2013 CR
                      2014 est.

                      0100
                      Balance, start of year
                      5,486
                      6,083

                      Receipts:

                      0220
                      GNMA-guarantees of Mortgage Backed Securities Guarantee Loans, Negative Subsidies
                      737

                      0400
                      Total: Balances and collections
                      6,223
                      6,083

                      Appropriations:

                      0500
                      Guarantees of Mortgage-backed Securities Loan Guarantee Program Account
                      –140

                      0501
                      Guarantees of Mortgage-backed Securities Loan Guarantee Program Account

                      –6,083

                      0599
                      Total appropriations
                      –140
                      –6,083

                      0799
                      Balance, end of year
                      6,083

          Program and Financing (in millions of dollars)

                      Identification code 86–0186–0–1–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0707
                      Reestimates of loan guarantee subsidy
                      132
                      97

                      0708
                      Interest on reestimates of loan guarantee subsidy
                      8
                      5

                      0709
                      Administrative expenses
                      14
                      20
                      164

                      0799
                      Total direct obligations
                      154
                      122
                      164

                      0801
                      Servicing Expenses

                      72
                      62

                      0900
                      Total new obligations
                      154
                      194
                      226

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1

                      21

                      1011
                      Unobligated balance transfer from other accts [86–0238]

                      100

                      1050
                      Unobligated balance (total)

                      121

                      Budget authority:

                      Appropriations, mandatory:

                      1201
                      Appropriation (special or trust fund)
                      140

                      1201
                      Pre-2013 Accumulated GNMA Receipts

                      6,083

                      1220
                      Appropriations transferred to other accts [86–0186]
                      –140

                      1220
                      Receipts transferred to GNMA Capital Reserve [86–0238]

                      –6,083

                      1221
                      Appropriations transferred from other accts [86–0186]
                      140

                      1260
                      Appropriations, mandatory (total)
                      140

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      121
                      79
                      77

                      1725
                      Spending authority from offsetting collections precluded from obligation (limitation on obligations)
                      –102
                      –59
                      –56

                      1750
                      Spending auth from offsetting collections, disc (total)
                      19
                      20
                      21

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected

                      195
                      120

                      1850
                      Spending auth from offsetting collections, mand (total)

                      195
                      120

                      1900
                      Budget authority (total)
                      159
                      215
                      141

                      1930
                      Total budgetary resources available
                      159
                      215
                      262

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –5

                      1941
                      Unexpired unobligated balance, end of year

                      21
                      36

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      1
                      3

                      3010
                      Obligations incurred, unexpired accounts
                      154
                      194
                      226

                      3020
                      Outlays (gross)
                      –153
                      –192
                      –226

                      3050
                      Unpaid obligations, end of year
                      1
                      3
                      3

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year

                      1
                      3

                      3200
                      Obligated balance, end of year
                      1
                      3
                      3

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      19
                      20
                      21

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      13
                      18
                      19

                      4011
                      Outlays from discretionary balances

                      2

                      4020
                      Outlays, gross (total)
                      13
                      18
                      21

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources
                      –121
                      –79
                      –77

                      Mandatory:

                      4090
                      Budget authority, gross
                      140
                      195
                      120

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      140
                      72
                      62

                      4101
                      Outlays from mandatory balances

                      102
                      143

                      4110
                      Outlays, gross (total)
                      140
                      174
                      205

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4123
                      Non-Federal sources

                      –195
                      –120

                      4180
                      Budget authority, net (total)
                      38
                      –59
                      –56

                      4190
                      Outlays, net (total)
                      32
                      –82
                      29

                      Memorandum (non-add) entries:

                      5090
                      Unavailable balance, SOY: Offsetting collections

                      102
                      161

                      5091
                      Unavailable balance, EOY: Offsetting collections
                      102
                      161
                      217

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

                      Identification code 86–0186–0–1–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Guaranteed loan levels supportable by subsidy budget authority:

                      215001
                      Guarantees of Mortgage-Backed Securities
                      388,029
                      252,000
                      246,500

                      215999
                      Total loan guarantee levels
                      388,029
                      252,000
                      246,500

                      Guaranteed loan subsidy (in percent):

                      232001
                      Guarantees of Mortgage-Backed Securities
                      –0.19
                      –0.23
                      –0.22

                      232999
                      Weighted average subsidy rate
                      –0.19
                      –0.23
                      –0.22

                      Guaranteed loan subsidy budget authority:

                      233001
                      Guarantees of Mortgage-Backed Securities
                      –737
                      –580
                      –542

                      233999
                      Total subsidy budget authority
                      –737
                      –580
                      –542

                      Guaranteed loan subsidy outlays:

                      234001
                      Guarantees of Mortgage-Backed Securities
                      –737
                      –580
                      –542

                      234999
                      Total subsidy outlays
                      –737
                      –580
                      –542

                      Guaranteed loan upward reestimates:

                      235001
                      Guarantees of Mortgage-Backed Securities
                      140
                      102

                      235999
                      Total upward reestimate budget authority
                      140
                      102

                      Guaranteed loan downward reestimates:

                      Administrative expense data:

                      3510
                      Budget authority
                      20
                      20
                      21

                      3590
                      Outlays from new authority
                      13
                      18
                      18

             The Budget requests loan commitment authority of $500 billion in 2014. The Budget also requests $21 million for the personnel
                costs of the Government National Mortgage Association (GNMA), to be offset by Commitment and Multiclass fees.  Before 2012,
                personnel expenses were funded in the "Office of Government National Mortgage Association" appropriation under the Management
                and Administration section of the HUD budget.

          Object Classification (in millions of dollars)

                      Identification code 86–0186–0–1–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Direct obligations:

                      11.1
                      Personnel compensation: Full-time permanent
                      10
                      15
                      17

                      12.1
                      Civilian personnel benefits
                      3
                      4
                      3

                      21.0
                      Travel and transportation of persons

                      1
                      1

                      25.2
                      Other services from non-Federal sources
                      1

                      143

                      41.0
                      Grants, subsidies, and contributions
                      140
                      97

                      43.0
                      Interest and dividends

                      5

                      99.0
                      Direct obligations
                      154
                      122
                      164

                      99.0
                      Reimbursable obligations

                      72
                      62

                      99.9
                      Total new obligations
                      154
                      194
                      226

          Employment Summary

                      Identification code 86–0186–0–1–371
                      2012 actual
                      2013 CR
                      2014 est.

                      1001
                      Direct civilian full-time equivalent employment
                      89
                      122
                      130

             Guarantees of Mortgage-backed Securities Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4240–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0003
                      Advances and other
                      2,808
                      5,259
                      4,056

                      0004
                      Preservation of collateral

                      245
                      265

                      0091
                      Subtotal - Advances and Operating Expenses
                      2,808
                      5,504
                      4,321

                      Credit program obligations:

                      0740
                      Negative subsidy obligations
                      737
                      580
                      542

                      0900
                      Total new obligations
                      3,545
                      6,084
                      4,863

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      1,138
                      680
                      881

                      1010
                      Unobligated balance transfer to other accts [86–0238]

                      –200
                      –200

                      1050
                      Unobligated balance (total)
                      1,138
                      480
                      681

                      Financing authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      3,082
                      6,485
                      4,234

                      1801
                      Change in uncollected payments, Federal sources
                      5

                      1850
                      Spending auth from offsetting collections, mand (total)
                      3,087
                      6,485
                      4,234

                      1930
                      Total budgetary resources available
                      4,225
                      6,965
                      4,915

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      680
                      881
                      52

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      466
                      209
                      309

                      3010
                      Obligations incurred, unexpired accounts
                      3,545
                      6,084
                      4,863

                      3020
                      Financing disbursements (gross)
                      –3,802
                      –5,984
                      –4,786

                      3050
                      Unpaid obligations, end of year
                      209
                      309
                      386

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –2
                      –7
                      –7

                      3070
                      Change in uncollected pymts, Fed sources, unexpired
                      –5

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –7
                      –7
                      –7

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      464
                      202
                      302

                      3200
                      Obligated balance, end of year
                      202
                      302
                      379

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      3,087
                      6,485
                      4,234

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      3,802
                      5,984
                      4,786

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Federal sources
                      –140
                      –102

                      4122
                      Interest on uninvested funds
                      –35
                      –89
                      –31

                      4123
                      Guarantee Fees
                      –774
                      –724
                      –834

                      4123
                      Commitment and other fees
                      –3

                      4123
                      Multiclass fees
                      –22

                      4123
                      Repayment of advances
                      –2,051
                      –5,570
                      –3,369

                      4123
                      Servicing Fees
                      –57

                      4130
                      Offsets against gross financing auth and disbursements (total)
                      –3,082
                      –6,485
                      –4,234

                      Additional offsets against financing authority only (total):

                      4140
                      Change in uncollected pymts, Fed sources, unexpired
                      –5

                      4170
                      Financing disbursements, net (mandatory)
                      720
                      –501
                      552

                      4190
                      Financing disbursements, net (total)
                      720
                      –501
                      552

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 86–4240–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Position with respect to appropriations act limitation on commitments:

                      2111
                      Limitation on guaranteed loans made by private lenders
                      500,000
                      500,000
                      500,000

                      2121
                      Limitation available from carry-forward
                      321,036
                      414,768
                      500,000

                      2142
                      Uncommitted loan guarantee limitation
                      –18,239
                      –162,768
                      –253,500

                      2143
                      Uncommitted limitation carried forward
                      –414,768
                      –500,000
                      –500,000

                      2150
                      Total guaranteed loan commitments
                      388,029
                      252,000
                      246,500

                      2199
                      Guaranteed amount of guaranteed loan commitments
                      388,029
                      252,000
                      246,500

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      1,221,685
                      1,341,405
                      1,425,405

                      2231
                      Disbursements of new guaranteed loans
                      388,029
                      252,000
                      246,500

                      2251
                      Repayments and prepayments
                      –268,309
                      –168,000
                      –199,557

                      2290
                      Outstanding, end of year
                      1,341,405
                      1,425,405
                      1,472,348

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      1,341,405
                      1,425,405
                      1,472,348

             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.  No administrative expenses can be recorded
                in the financing account.

          Balance Sheet (in millions of dollars)

                      Identification code 86–4240–0–3–371
                      2011 actual
                      2012 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      1,602
                      882

                      1206
                      Non-Federal assets: Receivables, net
                      2,478
                      6,882

                      1401
                      Net value of assets related to post-1991 direct loans receivable: Direct loans receivable, gross
                      7,451
                      7,946

                      1505
                      Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable: Allowance for subsidy cost (-)
                      –462
                      –342

                      1999
                      Total assets
                      11,069
                      15,368

                      LIABILITIES:

                      Non-Federal liabilities:

                      2201
                      Accounts payable
                      313
                      111

                      2207
                      Other
                      2,724
                      7,089

                      2999
                      Total liabilities
                      3,037
                      7,200

                      NET POSITION:

                      3300
                      Cumulative results of operations
                      8,032
                      8,168

                      4999
                      Total liabilities and net position
                      11,069
                      15,368

             Guarantees of Mortgage-backed Securities Liquidating Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4238–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Administrative contract expenses
                      243
                      353

                      Operating expenses

                      0003
                      Servicing expenses
                      24

                      0091
                      Direct program activities, subtotal
                      267
                      353

                      Capital investment

                      0101
                      Advances of guaranty payments

                      4
                      3

                      0900
                      Total new obligations
                      267
                      357
                      3

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      2,199
                      1,991
                      107

                      1010
                      Unobligated balance transfer to other accts [86–0238]

                      –1,576

                      1050
                      Unobligated balance (total)
                      2,199
                      415
                      107

                      Budget authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      61
                      49

                      1801
                      Change in uncollected payments, Federal sources
                      –2

                      1850
                      Spending auth from offsetting collections, mand (total)
                      59
                      49

                      1930
                      Total budgetary resources available
                      2,258
                      464
                      107

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      1,991
                      107
                      104

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      52
                      124
                      117

                      3010
                      Obligations incurred, unexpired accounts
                      267
                      357
                      3

                      3020
                      Outlays (gross)
                      –195
                      –364
                      –120

                      3050
                      Unpaid obligations, end of year
                      124
                      117

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –12
                      –10
                      –10

                      3070
                      Change in uncollected pymts, Fed sources, unexpired
                      2

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –10
                      –10
                      –10

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      40
                      114
                      107

                      3200
                      Obligated balance, end of year
                      114
                      107
                      –10

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      59
                      49

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      1
                      49

                      4101
                      Outlays from mandatory balances
                      194
                      315
                      120

                      4110
                      Outlays, gross (total)
                      195
                      364
                      120

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4121
                      Interest on Federal securities
                      –60
                      –40

                      4123
                      Non-Federal sources
                      –1
                      –9

                      4130
                      Offsets against gross budget authority and outlays (total)
                      –61
                      –49

                      Additional offsets against gross budget authority only:

                      4140
                      Change in uncollected pymts, Fed sources, unexpired
                      2

                      4170
                      Outlays, net (mandatory)
                      134
                      315
                      120

                      4190
                      Outlays, net (total)
                      134
                      315
                      120

                      Memorandum (non-add) entries:

                      5000
                      Total investments, SOY: Federal securities: Par value
                      2,134
                      2,117
                      100

                      5001
                      Total investments, EOY: Federal securities: Par value
                      2,117
                      100
                      100

          Status of Direct Loans (in millions of dollars)

                      Identification code 86–4238–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      8
                      8
                      7

                      1263
                      Write-offs for default: Direct loans

                      –1
                      –1

                      1290
                      Outstanding, end of year
                      8
                      7
                      6

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 86–4238–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      4
                      2

                      2251
                      Repayments and prepayments
                      –2
                      –2

                      2290
                      Outstanding, end of year
                      2

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      2

             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 and financing accounts.

          Balance Sheet (in millions of dollars)

                      Identification code 86–4238–0–3–371
                      2011 actual
                      2012 actual

                      ASSETS:

                      Federal assets:

                      1101
                      Fund balances with Treasury
                      119

                      Investments in US securities:

                      1102
                      Treasury securities, par
                      2,127
                      2,117

                      1106
                      Receivables, net
                      12
                      6

                      1601
                      Direct loans, gross
                      8
                      8

                      1603
                      Allowance for estimated uncollectible loans and interest (-)
                      –4
                      –4

                      1699
                      Value of assets related to direct loans
                      4
                      4

                      1901
                      Other Federal assets: Other assets
                      31
                      41

                      1999
                      Total assets
                      2,293
                      2,168

                      LIABILITIES:

                      Non-Federal liabilities:

                      2201
                      Accounts payable
                      52
                      123

                      2207
                      Other
                      1
                      1

                      2999
                      Total liabilities
                      53
                      124

                      NET POSITION:

                      3300
                      Cumulative results of operations
                      2,240
                      2,044

                      4999
                      Total liabilities and net position
                      2,293
                      2,168

          Object Classification (in millions of dollars)

                      Identification code 86–4238–0–3–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      267
                      353

                      33.0
                      Investments and loans

                      4
                      3

                      99.9
                      Total new obligations
                      267
                      357
                      3

             Policy Development and Research

             Federal Funds
             Research and TechnologyFor 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 (12 U.S.C. 1701z–1 et
                seq.), including carrying out the functions of the Secretary of Housing and Urban Development under section 1(a)(1)(i) of
                Reorganization Plan No. 2 of 1968, $50,000,000, to remain available until September 30, 2015: Provided, That with respect to amounts made available under this heading, notwithstanding section 204 of this title, the Secretary
                may enter into cooperative agreements funded with philanthropic entities, other Federal agencies, or State or local governments
                and their agencies for research projects: Provided further, That with respect to the previous proviso, such partners to the cooperative agreements must contribute at least a 50 percent
                match toward the cost of the project.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0108–0–1–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Contracts, Grants and Cooperative Agreements
                      51
                      46
                      50

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      3
                      5
                      5

                      1021
                      Recoveries of prior year unpaid obligations
                      7

                      1050
                      Unobligated balance (total)
                      10
                      5
                      5

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      46
                      46
                      50

                      1160
                      Appropriation, discretionary (total)
                      46
                      46
                      50

                      1930
                      Total budgetary resources available
                      56
                      51
                      55

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      5
                      5
                      5

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      46
                      30
                      20

                      3010
                      Obligations incurred, unexpired accounts
                      51
                      46
                      50

                      3020
                      Outlays (gross)
                      –59
                      –56
                      –56

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –7

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      30
                      20
                      14

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      46
                      30
                      20

                      3200
                      Obligated balance, end of year
                      30
                      20
                      14

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      46
                      46
                      50

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      34
                      34
                      37

                      4011
                      Outlays from discretionary balances
                      25
                      22
                      19

                      4020
                      Outlays, gross (total)
                      59
                      56
                      56

                      4180
                      Budget authority, net (total)
                      46
                      46
                      50

                      4190
                      Outlays, net (total)
                      59
                      56
                      56

             The Housing and Urban Development Act of 1970 directs the Secretary to undertake programs of research, studies, testing, and
                demonstrations related to HUD's mission. These functions are carried out by HUD's Office of Policy Development and Research,
                and through contracts with industry, nonprofit research organizations, educational institutions, and through non-competitive
                cooperative agreements with State and local governments, other Federal agencies, and philanthropic entities.

             The Budget requests $50 million for HUD's Research and Technology program.  This request includes funding to restore and enhance
                various national housing surveys that are rich sources of data on the nation's housing stock, including the American Housing
                Survey, the Survey of New Home Sales and Completions, the Survey of Market Absorption of Multifamily Units, the Survey of
                New Manufactured Housing Placements, and the Rental Housing Finance Survey.  Also included in the request is funding for research
                dissemination activities, for the Urban Data Systems, for housing finance studies, and for Research Partnerships.  Research
                will also be conducted as part of HUD's Transformation Initiative and other set-asides.

          Object Classification (in millions of dollars)

                      Identification code 86–0108–0–1–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      9
                      7
                      10

                      25.3
                      Other goods and services from Federal sources
                      41
                      38
                      39

                      41.0
                      Grants, subsidies, and contributions
                      1
                      1
                      1

                      99.9
                      Total new obligations
                      51
                      46
                      50

             Fair Housing and Equal Opportunity

             Federal Funds
             Fair Housing ActivitiesFor 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, $71,000,000, to remain available until September 30, 2015, of which $44,100,000 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: Provided further, That, of the funds made available under this heading, $500,000 shall be available to the Secretary of Housing and Urban
                Development for the creation and promotion of translated materials and other programs that support the assistance of persons
                with limited English proficiency in utilizing the services provided by the Department of Housing and Urban Development.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0144–0–1–751
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Fair Housing Assistance
                      77
                      36
                      24

                      0002
                      Fair Housing Initiatives

                      43
                      44

                      0004
                      Limited English Proficiency Program

                      1
                      1

                      0005
                      National Fair Housing Training Academy

                      2

                      0900
                      Total new obligations (object class 41.0)
                      77
                      80
                      71

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      15
                      9

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      71
                      71
                      71

                      1160
                      Appropriation, discretionary (total)
                      71
                      71
                      71

                      1930
                      Total budgetary resources available
                      86
                      80
                      71

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      9

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      96
                      102
                      110

                      3010
                      Obligations incurred, unexpired accounts
                      77
                      80
                      71

                      3020
                      Outlays (gross)
                      –70
                      –72
                      –79

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      102
                      110
                      102

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      96
                      102
                      110

                      3200
                      Obligated balance, end of year
                      102
                      110
                      102

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      71
                      71
                      71

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      4
                      7
                      7

                      4011
                      Outlays from discretionary balances
                      66
                      65
                      72

                      4020
                      Outlays, gross (total)
                      70
                      72
                      79

                      4180
                      Budget authority, net (total)
                      71
                      71
                      71

                      4190
                      Outlays, net (total)
                      70
                      72
                      79

             The Budget requests $71 million for fair housing activities to support efforts to end housing discrimination. Of the amount
                requested, $24.6 million is for the Fair Housing Assistance Program (FHAP), $1.8 million is for the National Fair Housing
                Training Academy, $44.1 million is for the Fair Housing Initiatives Program (FHIP), and $500 thousand is for the Limited English
                Proficiency Initiative.

              The National Fair Housing Training Academy (NFTHA) provides comprehensive fair housing and civil rights training for investigators,
                local agencies, educators, attorneys, industry representatives and other housing industry professionals.

             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 under substantially equivalent
                State and local fair housing laws. To be eligible for assistance through FHAP, an agency must demonstrate that the fair housing
                law it administers is substantially equivalent to the Fair Housing Act.  It is estimated that there will be a total of 100
                FHAP jurisdictions in 2014. The funding requested for FHAP will support fair housing enforcement by funding State and local
                fair housing organizations to meet the needs of currently underserved populations. It will also address the persistently high
                rate of discrimination against minorities and people with disabilities as identified by HUD's 2000 Housing Discrimination
                Study and provide additional support to FHAP agencies on the heels of the State and local budget crisis.

             FHIP, authorized by the Housing and Community Development Act of 1987, as amended by the Housing and Community Development
                Act of 1992, provides funding to States and local governments, and to public and private non-profit organizations that administer
                programs to prevent or eliminate discriminatory housing practices through enforcement, education, and outreach.

             Office of Lead Hazard Control and Healthy Homes

             Federal Funds
             Lead Hazard ReductionFor the Lead Hazard Reduction Program, as authorized by section 1011 of the Residential Lead-Based Paint Hazard Reduction
                Act of 1992, $120,000,000, to remain available until September 30, 2015: Provided, That up to  $25,000,000 of that amount 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 further, 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 the law that further the purposes of such Act, a grant under the Healthy Homes Initiative 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 amounts made available under this heading in this or prior appropriations Acts, and that still remain available, may
                be used for any purpose under this heading notwithstanding the purpose for which such amounts were appropriated if a program
                competition is undersubscribed and there are other program competitions under this heading that are oversubscribed.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0174–0–1–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Lead Hazard Reduction Grants
                      73
                      67
                      90

                      0002
                      Lead Hazard Reduction Demonstration
                      32
                      45

                      0003
                      Healthy Homes
                      13
                      11
                      25

                      0004
                      Lead Technical Studies
                      2
                      5
                      4

                      0900
                      Total new obligations (object class 41.0)
                      120
                      128
                      119

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      7
                      9
                      2

                      1021
                      Recoveries of prior year unpaid obligations
                      2

                      1050
                      Unobligated balance (total)
                      9
                      9
                      2

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      120
                      121
                      120

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –1

                      1160
                      Appropriation, discretionary (total)
                      120
                      121
                      119

                      1930
                      Total budgetary resources available
                      129
                      130
                      121

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      9
                      2
                      2

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      410
                      371
                      369

                      3010
                      Obligations incurred, unexpired accounts
                      120
                      128
                      119

                      3020
                      Outlays (gross)
                      –148
                      –130
                      –130

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –2

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –9

                      3050
                      Unpaid obligations, end of year
                      371
                      369
                      358

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      410
                      371
                      369

                      3200
                      Obligated balance, end of year
                      371
                      369
                      358

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      120
                      121
                      119

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      1
                      2
                      2

                      4011
                      Outlays from discretionary balances
                      147
                      128
                      128

                      4020
                      Outlays, gross (total)
                      148
                      130
                      130

                      4180
                      Budget authority, net (total)
                      120
                      121
                      119

                      4190
                      Outlays, net (total)
                      148
                      130
                      130

             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 and other environmental hazards in
                their homes, including protecting them from permanent developmental problems and asthma, and exposure to pesticides and carbon
                monoxide.

             The program plays a critical role in addressing the number one environmental disease impacting children: lead poisoning. The
                Budget includes $90 million for HUD's Lead Hazard Control Program, $25 million for the Healthy Homes Program, and $4 million
                for Technical Studies. The 2014 Budget also includes a provision that would allow the transfer of unobligated balances and
                recaptured funds from undersubscribed competitive programs to other competitive programs experiencing oversubscription.

             The Lead Hazard Control Grant Programs provides grants of $1 million to $4 million to State and local governments and Indian
                tribes for control of lead-based paint hazards in low-income rental and owner-occupied housing. The grants are also designed
                to facilitate 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 Program enables the Department to assess and control housing-related hazards that contribute to childhood
                diseases and injuries. With funding from this program, grantees implement and evaluate methods for controlling two or more
                housing-related diseases through a single intervention.

             The Office of Healthy Homes and Lead Hazard Control will continue its Technical Support program, which includes public education;
                support for State and local agencies, private property owners, HUD programs and field offices and professional organizations;
                technical studies to improve program policy and implementation; 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
             Executive OfficesFor necessary salaries and expenses for Executive Offices, which shall be comprised of the offices of the Secretary, Deputy
                   Secretary, Hearings and Appeals, Congressional and Intergovernmental Relations, Public Affairs, and Center for Faith-Based
                   and Community Initiatives, $14,540,000: Provided, That not to exceed $25,000 of the amount made available under this heading
                   shall be available to the Secretary for official reception and representation expenses as the Secretary may determine.

          Program and Financing (in millions of dollars)

                      Identification code 86–0332–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Personnel costs

                      14

                      0002
                      Non-Personnel cost

                      1

                      0900
                      Total new obligations

                      15

                      Budgetary Resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation

                      15

                      1160
                      Appropriation, discretionary (total)

                      15

                      1930
                      Total budgetary resources available

                      15

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      Obligations incurred, unexpired accounts

                      15

                      3020
                      Outlays (gross)

                      –15

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross

                      15

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority

                      15

                      4180
                      Budget authority, net (total)

                      15

                      4190
                      Outlays, net (total)

                      15

              The 2014 Budget proposes to streamline HUD's salaries and expenses accounts to provide greater flexibility in funding the
                executive and support offices. Funding for these functions is proposed to be consolidated in two accounts, Executive Offices
                and Administrative Support Offices.  The Executive Offices account supports the total salaries and expenses of various high
                level management offices, including the immediate offices of the Secretary; Deputy Secretary; Congressional and Intergovernmental
                Relations; Public Affairs; Hearing and Appeals; and the Center for Faith-Based and Community Initiatives.

          Object Classification (in millions of dollars)

                      Identification code 86–0332–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Direct obligations:

                      11.1
                      Personnel compensation: Full-time permanent

                      11

                      12.1
                      Civilian personnel benefits

                      3

                      25.2
                      Other services from non-Federal sources

                      1

                      99.9
                      Total new obligations

                      15

          Employment Summary

                      Identification code 86–0332–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      1001
                      Direct civilian full-time equivalent employment

                      89

              Administrative Support OfficesFor necessary salaries and expenses for Administrative Support Offices, which shall be comprised of the offices of Chief Financial Officer, General Counsel, Administration, Chief Human Capital Officer,
                   Field Policy and Management, Chief Procurement Officer, Departmental Equal Employment Opportunity, Strategic Planning and
                   Management, and Chief Information Officer, $505,313,000: Provided, That funds provided under this heading may be used 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: Provided further, That notwithstanding any other provision of law, funds appropriated under this heading may be used for advertising and promotional
                activities that support the Department's mission .
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0335–0–1–999
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Personnel compensation & benefits
                      321
                      331
                      302

                      0002
                      Non-personnel costs
                      211
                      210
                      203

                      0003
                      Recovery Act Administrative Costs
                      4

                      0900
                      Total new obligations
                      536
                      541
                      505

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      7
                      2
                      2

                      1011
                      Unobligated balance transfer from other accts [86–0344]
                      2

                      1011
                      Unobligated balance transfer from other accts [86–0338]
                      2

                      1011
                      Unobligated balance transfer from other accts [86–0337]
                      1

                      1012
                      Unobligated balance transfers between expired and unexpired accounts
                      3

                      1050
                      Unobligated balance (total)
                      15
                      2
                      2

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      538
                      541
                      505

                      1120
                      Appropriations transferred to other accts [86–4586]
                      –4

                      1160
                      Appropriation, discretionary (total)
                      534
                      541
                      505

                      1930
                      Total budgetary resources available
                      549
                      543
                      507

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –11

                      1941
                      Unexpired unobligated balance, end of year
                      2
                      2
                      2

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      158
                      153
                      154

                      3010
                      Obligations incurred, unexpired accounts
                      536
                      541
                      505

                      3011
                      Obligations incurred, expired accounts
                      18

                      3020
                      Outlays (gross)
                      –539
                      –540
                      –570

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –20

                      3050
                      Unpaid obligations, end of year
                      153
                      154
                      89

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      158
                      153
                      154

                      3200
                      Obligated balance, end of year
                      153
                      154
                      89

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      534
                      541
                      505

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      427
                      460
                      429

                      4011
                      Outlays from discretionary balances
                      112
                      80
                      141

                      4020
                      Outlays, gross (total)
                      539
                      540
                      570

                      4180
                      Budget authority, net (total)
                      534
                      541
                      505

                      4190
                      Outlays, net (total)
                      539
                      540
                      570

              The proposed Administrative Support Offices (ASO) account funds central Departmental functions, including the offices of
                the Chief Human Capital Officer, Chief Financial Officer, Chief Procurement Officer, General Counsel, Field Policy and Management,
                Strategic Planning and Management, Departmental Equal Employment Opportunity, and Administration.  The newly created Office
                of Administration reflects a grouping of similar functions, such as facilities and security, which were transferred from the
                Office of the Chief Human Capital Officer.  The ASO account supports all personnel and non-personnel expenses for these offices.

          Object Classification (in millions of dollars)

                      Identification code 86–0335–0–1–999
                      2012 actual
                      2013 CR
                      2014 est.

                      Direct obligations:

                      Personnel compensation:

                      11.1
                      Full-time permanent
                      257
                      265
                      238

                      11.3
                      Other than full-time permanent
                      2
                      2
                      2

                      11.5
                      Other personnel compensation
                      2
                      2
                      2

                      11.9
                      Total personnel compensation
                      261
                      269
                      242

                      12.1
                      Civilian personnel benefits
                      60
                      62
                      60

                      21.0
                      Travel and transportation of persons
                      6
                      5
                      8

                      23.1
                      Rental payments to GSA
                      107
                      104
                      104

                      23.3
                      Communications, utilities, and miscellaneous charges
                      26
                      26
                      26

                      24.0
                      Printing and reproduction
                      1
                      1
                      1

                      25.2
                      Other services from non-Federal sources
                      61
                      58
                      53

                      25.4
                      Operation and maintenance of facilities
                      3
                      5
                      3

                      25.7
                      Operation and maintenance of equipment
                      5
                      5
                      2

                      26.0
                      Supplies and materials
                      3
                      3
                      3

                      31.0
                      Equipment
                      2
                      2
                      2

                      42.0
                      Insurance claims and indemnities
                      1
                      1
                      1

                      99.9
                      Total new obligations
                      536
                      541
                      505

          Employment Summary

                      Identification code 86–0335–0–1–999
                      2012 actual
                      2013 CR
                      2014 est.

                      1001
                      Direct civilian full-time equivalent employment
                      2,239
                      2,341
                      2,109

             Program Office Salaries and Expenses
             public and indian housingFor necessary salaries and expenses of the Office of Public and Indian Housing, $220,299,000.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0337–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Personnel costs
                      153
                      153
                      159

                      0002
                      Benefits
                      41
                      42
                      44

                      0003
                      Recovery Act - Personnel costs
                      2

                      0004
                      Non-personnel expenses
                      6
                      6
                      17

                      0900
                      Total new obligations
                      202
                      201
                      220

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      3

                      1010
                      Unobligated balance transfer to other accts [86–0335]
                      –1

                      1050
                      Unobligated balance (total)
                      2

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      200
                      201
                      220

                      1121
                      Appropriations transferred from other accts [86–0334]
                      2

                      1160
                      Appropriation, discretionary (total)
                      202
                      201
                      220

                      1930
                      Total budgetary resources available
                      204
                      201
                      220

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –2

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      3
                      8
                      6

                      3010
                      Obligations incurred, unexpired accounts
                      202
                      201
                      220

                      3011
                      Obligations incurred, expired accounts
                      9

                      3020
                      Outlays (gross)
                      –198
                      –203
                      –222

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –8

                      3050
                      Unpaid obligations, end of year
                      8
                      6
                      4

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      3
                      8
                      6

                      3200
                      Obligated balance, end of year
                      8
                      6
                      4

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      202
                      201
                      220

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      192
                      199
                      217

                      4011
                      Outlays from discretionary balances
                      6
                      4
                      5

                      4020
                      Outlays, gross (total)
                      198
                      203
                      222

                      4180
                      Budget authority, net (total)
                      202
                      201
                      220

                      4190
                      Outlays, net (total)
                      198
                      203
                      222

             This account provides funding for all salaries and expenses of the Office of Public and Indian Housing, including the Office
                of the Assistant Secretary.  The Office's mission is to ensure safe, decent, and affordable housing for low-income families;
                create opportunities for residents' self-sufficiency and economic independence; reduce improper payments; and support mixed-
                income developments to replace distressed public housing.

          Object Classification (in millions of dollars)

                      Identification code 86–0337–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Direct obligations:

                      Personnel compensation:

                      11.1
                      Full-time permanent
                      154
                      152
                      158

                      11.5
                      Other personnel compensation
                      1
                      1
                      1

                      11.9
                      Total personnel compensation
                      155
                      153
                      159

                      12.1
                      Civilian personnel benefits
                      41
                      42
                      44

                      21.0
                      Travel and transportation of persons
                      4
                      4
                      6

                      25.2
                      Other services from non-Federal sources
                      2
                      2
                      11

                      99.9
                      Total new obligations
                      202
                      201
                      220

          Employment Summary

                      Identification code 86–0337–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      1001
                      Direct civilian full-time equivalent employment
                      1,542
                      1,493
                      1,551

             Community Planning and DevelopmentFor necessary salaries and expenses of the Office of Community Planning and Development, $109,740,000.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution as well as amounts from P.L. 113–2, the
             Disaster Relief Appropriations Act, 2013 (no language shown).

          Program and Financing (in millions of dollars)

                      Identification code 86–0338–0–1–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Personnel costs
                      77
                      75
                      81

                      0002
                      Benefits
                      21
                      24
                      26

                      0003
                      Recovery Act - Personnel costs
                      4

                      0004
                      Disaster Supplemental - PS
                      2
                      1
                      1

                      0005
                      Disaster Supplemental - NPS

                      3
                      1

                      0006
                      Non-personnel expenses

                      2
                      3

                      0900
                      Total new obligations
                      104
                      105
                      112

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      6
                      3
                      9

                      1010
                      Unobligated balance transfer to other accts [86–0335]
                      –2

                      1011
                      Unobligated balance transfer from other accts [86–0344]
                      3

                      1050
                      Unobligated balance (total)
                      7
                      3
                      9

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      100
                      101
                      110

                      1121
                      Appropriations transferred from other accts [86–0334]
                      1

                      1121
                      Appropriations transferred from other accts [86–0340]
                      1

                      1121
                      Appropriations transferred from other accts [86–0162]

                      10

                      1160
                      Appropriation, discretionary (total)
                      102
                      111
                      110

                      1930
                      Total budgetary resources available
                      109
                      114
                      119

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –2

                      1941
                      Unexpired unobligated balance, end of year
                      3
                      9
                      7

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      2
                      3
                      5

                      3010
                      Obligations incurred, unexpired accounts
                      104
                      105
                      112

                      3011
                      Obligations incurred, expired accounts
                      3

                      3020
                      Outlays (gross)
                      –103
                      –103
                      –114

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –3

                      3050
                      Unpaid obligations, end of year
                      3
                      5
                      3

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      2
                      3
                      5

                      3200
                      Obligated balance, end of year
                      3
                      5
                      3

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      102
                      111
                      110

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      97
                      101
                      109

                      4011
                      Outlays from discretionary balances
                      6
                      2
                      5

                      4020
                      Outlays, gross (total)
                      103
                      103
                      114

                      4180
                      Budget authority, net (total)
                      102
                      111
                      110

                      4190
                      Outlays, net (total)
                      103
                      103
                      114

             This account provides funding for all salaries and expenses of the Office of Community Planning and Development, including
                the Office of the Assistant Secretary.  The Office provides funding to a broad array of state and local governments, non-profit
                and for-profit organizations to administer a wide range of housing, economic development, homeless assistance, infrastructure,
                disaster recovery, and other community development activities in urban and rural areas across the country. In partnership,
                the Office and its local funding recipients develop viable communities by providing decent housing, a suitable living environment,
                and expanded economic opportunities for low- and moderate-income persons.

          Object Classification (in millions of dollars)

                      Identification code 86–0338–0–1–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Direct obligations:

                      Personnel compensation:

                      11.1
                      Full-time permanent
                      80
                      74
                      80

                      11.5
                      Other personnel compensation
                      1
                      2
                      2

                      11.9
                      Total personnel compensation
                      81
                      76
                      82

                      12.1
                      Civilian personnel benefits
                      21
                      24
                      26

                      21.0
                      Travel and transportation of persons
                      1
                      1
                      1

                      25.2
                      Other services from non-Federal sources
                      1
                      4
                      3

                      99.9
                      Total new obligations
                      104
                      105
                      112

          Employment Summary

                      Identification code 86–0338–0–1–451
                      2012 actual
                      2013 CR
                      2014 est.

                      1001
                      Direct civilian full-time equivalent employment
                      828
                      792
                      845

             HousingFor necessary salaries and expenses of the Office of Housing, $383,375,000.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0334–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Personnel costs
                      298
                      304
                      296

                      0002
                      Benefits
                      80
                      82
                      80

                      0003
                      Non-Personnel Service
                      7
                      8
                      7

                      0900
                      Total new obligations
                      385
                      394
                      383

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1

                      1
                      1

                      1010
                      Unobligated balance transfer to other accts [86–4586]
                      –3

                      1012
                      Unobligated balance transfers between expired and unexpired accounts
                      3

                      1050
                      Unobligated balance (total)

                      1
                      1

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      392
                      394
                      383

                      1120
                      Appropriations transferred to other accts [86–0337]
                      –2

                      1120
                      Appropriations transferred to other accts [86–0338]
                      –1

                      1120
                      Appropriations transferred to other accts [86–4586]
                      –1

                      1120
                      Appropriations transferred to other accts [86–0339]
                      –1

                      1160
                      Appropriation, discretionary (total)
                      387
                      394
                      383

                      1930
                      Total budgetary resources available
                      387
                      395
                      384

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –1

                      1941
                      Unexpired unobligated balance, end of year
                      1
                      1
                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      8
                      11
                      10

                      3010
                      Obligations incurred, unexpired accounts
                      385
                      394
                      383

                      3011
                      Obligations incurred, expired accounts
                      13

                      3020
                      Outlays (gross)
                      –382
                      –395
                      –387

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –13

                      3050
                      Unpaid obligations, end of year
                      11
                      10
                      6

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      8
                      11
                      10

                      3200
                      Obligated balance, end of year
                      11
                      10
                      6

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      387
                      394
                      383

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      375
                      389
                      378

                      4011
                      Outlays from discretionary balances
                      7
                      6
                      9

                      4020
                      Outlays, gross (total)
                      382
                      395
                      387

                      4180
                      Budget authority, net (total)
                      387
                      394
                      383

                      4190
                      Outlays, net (total)
                      382
                      395
                      387

             This account provides funding for all salaries and expenses of the Office of Housing, including the Office of the Federal
                Housing Commissioner.  The mission of the Office is to maintain and expand homeownership, rental housing and healthcare opportunities;
                stabilize credit markets in times of economic disruption; contribute to building and preserving healthy neighborhoods and
                communities; operate with a high degree of public and fiscal accountability; and recognize and value its customers, staff,
                constituents, and partners.

          Object Classification (in millions of dollars)

                      Identification code 86–0334–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Direct obligations:

                      Personnel compensation:

                      11.1
                      Full-time permanent
                      296
                      302
                      294

                      11.5
                      Other personnel compensation
                      2
                      2
                      2

                      11.9
                      Total personnel compensation
                      298
                      304
                      296

                      12.1
                      Civilian personnel benefits
                      80
                      82
                      80

                      21.0
                      Travel and transportation of persons
                      3
                      4
                      3

                      25.2
                      Other services from non-Federal sources
                      4
                      4
                      4

                      99.9
                      Total new obligations
                      385
                      394
                      383

          Employment Summary

                      Identification code 86–0334–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      1001
                      Direct civilian full-time equivalent employment
                      3,142
                      3,155
                      3,020

             Office of the Government National Mortgage Association Personnel Compensation and Benefits

             Program and Financing (in millions of dollars)

                      Identification code 86–0336–0–1–371
                      2012 actual
                      2013 CR
                      2014 est.

                      Change in obligated balance:

                      Unpaid obligations:

                      3011
                      Obligations incurred, expired accounts
                      1

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

             The 2012 Appropriations Act eliminated the Personnel Compensation and Benefits account for the Office of Government National
                Mortgage Association (GNMA) and approved funding for GNMA salaries and expenses under the "Guarantees of Mortgage-backed Securities
                Loan Guarantee Program" account, as requested. This funding structure allows GNMA to maintain sufficient staffing, to strengthen
                risk management and oversight, and to move in-house some functions performed by contractors.

             Policy Development and ResearchFor necessary salaries and expenses of the Office of Policy Development and Research, $21,687,000.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0339–0–1–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Personnel costs
                      16
                      16
                      16

                      0002
                      Benefits
                      4
                      4
                      4

                      0003
                      Non-personnel expenses
                      2
                      2
                      2

                      0900
                      Total new obligations
                      22
                      22
                      22

                      Budgetary Resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      22
                      22
                      22

                      1120
                      Appropriations transferred to other accts [86–4586]
                      –1

                      1121
                      Appropriations transferred from other accts [86–0334]
                      1

                      1160
                      Appropriation, discretionary (total)
                      22
                      22
                      22

                      1930
                      Total budgetary resources available
                      22
                      22
                      22

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      1

                      3010
                      Obligations incurred, unexpired accounts
                      22
                      22
                      22

                      3011
                      Obligations incurred, expired accounts
                      1

                      3020
                      Outlays (gross)
                      –21
                      –23
                      –22

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year

                      1

                      3200
                      Obligated balance, end of year
                      1

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      22
                      22
                      22

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      21
                      22
                      22

                      4011
                      Outlays from discretionary balances

                      1

                      4020
                      Outlays, gross (total)
                      21
                      23
                      22

                      4180
                      Budget authority, net (total)
                      22
                      22
                      22

                      4190
                      Outlays, net (total)
                      21
                      23
                      22

              This account provides funding for all salaries and expenses of the Office of Policy Development and Research, including the
                Office of the Assistant Secretary.  The Office is responsible for conducting research on priority housing and community development
                issues and maintaining current information on housing needs, market conditions, and existing programs. The Office also provides
                reliable and objective data, technical and statistical sampling support, and analysis to help inform policy decisions.

          Object Classification (in millions of dollars)

                      Identification code 86–0339–0–1–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Direct obligations:

                      11.1
                      Personnel compensation: Full-time permanent
                      16
                      16
                      16

                      12.1
                      Civilian personnel benefits
                      4
                      4
                      4

                      25.2
                      Other services from non-Federal sources
                      2
                      2
                      2

                      99.9
                      Total new obligations
                      22
                      22
                      22

          Employment Summary

                      Identification code 86–0339–0–1–451
                      2012 actual
                      2013 CR
                      2014 est.

                      1001
                      Direct civilian full-time equivalent employment
                      147
                      147
                      145

             Fair Housing and Equal OpportunityFor necessary salaries and expenses of the Office of Fair Housing and Equal Opportunity,  $76,504,000.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0340–0–1–751
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Personnel costs
                      55
                      57
                      60

                      0002
                      Benefits
                      14
                      14
                      15

                      0003
                      Non-personnel expenses
                      2
                      2
                      2

                      0900
                      Total new obligations
                      71
                      73
                      77

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1

                      1
                      1

                      1010
                      Unobligated balance transfer to other accts [86–4586]
                      –1

                      1012
                      Unobligated balance transfers between expired and unexpired accounts
                      1

                      1050
                      Unobligated balance (total)

                      1
                      1

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      73
                      73
                      77

                      1120
                      Appropriations transferred to other accts [86–0338]
                      –1

                      1160
                      Appropriation, discretionary (total)
                      72
                      73
                      77

                      1930
                      Total budgetary resources available
                      72
                      74
                      78

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      1
                      1
                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      2
                      2
                      1

                      3010
                      Obligations incurred, unexpired accounts
                      71
                      73
                      77

                      3011
                      Obligations incurred, expired accounts
                      3

                      3020
                      Outlays (gross)
                      –71
                      –74
                      –78

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –3

                      3050
                      Unpaid obligations, end of year
                      2
                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      2
                      2
                      1

                      3200
                      Obligated balance, end of year
                      2
                      1

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      72
                      73
                      77

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      70
                      72
                      76

                      4011
                      Outlays from discretionary balances
                      1
                      2
                      2

                      4020
                      Outlays, gross (total)
                      71
                      74
                      78

                      4180
                      Budget authority, net (total)
                      72
                      73
                      77

                      4190
                      Outlays, net (total)
                      71
                      74
                      78

             This account provides funding for all salaries and expenses of the Office of Fair Housing and Equal Opportunity, including
                the Office of the Assistant Secretary.  The Office administers and enforces the Fair Housing Act and other civil rights laws
                and establishes policies to ensure all Americans have equal access to the housing of their choice.

          Object Classification (in millions of dollars)

                      Identification code 86–0340–0–1–751
                      2012 actual
                      2013 CR
                      2014 est.

                      Direct obligations:

                      Personnel compensation:

                      11.1
                      Full-time permanent
                      54
                      56
                      59

                      11.5
                      Other personnel compensation
                      1
                      1
                      1

                      11.9
                      Total personnel compensation
                      55
                      57
                      60

                      12.1
                      Civilian personnel benefits
                      14
                      14
                      15

                      21.0
                      Travel and transportation of persons
                      1
                      1
                      1

                      25.2
                      Other services from non-Federal sources
                      1
                      1
                      1

                      99.9
                      Total new obligations
                      71
                      73
                      77

          Employment Summary

                      Identification code 86–0340–0–1–751
                      2012 actual
                      2013 CR
                      2014 est.

                      1001
                      Direct civilian full-time equivalent employment
                      583
                      573
                      595

             Office of Healthy Homes and Lead Hazard ControlFor necessary salaries and expenses of the Office of Healthy Homes and Lead Hazard Control, $7,642,000.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0341–0–1–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Personnel costs
                      6
                      6
                      7

                      0002
                      Benefits
                      1
                      1
                      1

                      0900
                      Total new obligations
                      7
                      7
                      8

                      Budgetary Resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      7
                      7
                      8

                      1160
                      Appropriation, discretionary (total)
                      7
                      7
                      8

                      1930
                      Total budgetary resources available
                      7
                      7
                      8

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      Obligations incurred, unexpired accounts
                      7
                      7
                      8

                      3020
                      Outlays (gross)
                      –7
                      –7
                      –8

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      7
                      7
                      8

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      7
                      7
                      8

                      4180
                      Budget authority, net (total)
                      7
                      7
                      8

                      4190
                      Outlays, net (total)
                      7
                      7
                      8

             This account provides funding for all salaries and expenses of the Office of Healthy Homes and Lead Hazard Control.  The Office
                seeks to eliminate lead-based paint hazards in America's privately-owned and low-income housing and to lead the nation in
                addressing other housing-related health hazards that threaten vulnerable residents.

          Object Classification (in millions of dollars)

                      Identification code 86–0341–0–1–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Direct obligations:

                      11.1
                      Personnel compensation: Full-time permanent
                      6
                      6
                      7

                      12.1
                      Civilian personnel benefits
                      1
                      1
                      1

                      99.9
                      Total new obligations
                      7
                      7
                      8

          Employment Summary

                      Identification code 86–0341–0–1–451
                      2012 actual
                      2013 CR
                      2014 est.

                      1001
                      Direct civilian full-time equivalent employment
                      57
                      56
                      59

             Executive Direction

             Program and Financing (in millions of dollars)

                      Identification code 86–0333–0–1–604
                      2012 actual
                      2013 CR
                      2014 est.

                      Budgetary Resources:

                      Unobligated balance:

                      1010
                      Unobligated balance transfer to other accts [86–4586]
                      –2

                      1012
                      Unobligated balance transfers between expired and unexpired accounts
                      2

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1

                      3011
                      Obligations incurred, expired accounts
                      1

                      3020
                      Outlays (gross)
                      –1

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1

                      Budget authority and outlays, net:

                      Discretionary:

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      1

                      4190
                      Outlays, net (total)
                      1

             The Executive Direction account previously supported the salaries and expenses of various high level management offices including
                the immediate offices of the Secretary and Deputy Secretary, and offices of Assistant Secretaries.  The 2012 Appropriations
                Act eliminated this account and funded these offices under administrative and program office accounts.

             Salaries and Expenses

             Program and Financing (in millions of dollars)

                      Identification code 86–0143–0–1–999
                      2012 actual
                      2013 CR
                      2014 est.

                      Direct program:

                      0001
                      PL 109–234
                      2
                      1
                      1

                      0801
                      Gulf Coast Disaster related activities

                      1
                      1

                      0802
                      Sandy Task Force

                      6
                      2

                      0899
                      Total reimbursable obligations

                      7
                      3

                      0900
                      Total new obligations
                      2
                      8
                      4

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      6
                      9
                      9

                      Budget authority:

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      5
                      8

                      1750
                      Spending auth from offsetting collections, disc (total)
                      5
                      8

                      1900
                      Budget authority (total)
                      5
                      8

                      1930
                      Total budgetary resources available
                      11
                      17
                      9

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      9
                      9
                      5

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      6

                      3010
                      Obligations incurred, unexpired accounts
                      2
                      8
                      4

                      3011
                      Obligations incurred, expired accounts
                      1

                      3020
                      Outlays (gross)
                      –3
                      –8
                      –4

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –6

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      6

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      5
                      8

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority

                      6

                      4011
                      Outlays from discretionary balances
                      3
                      2
                      4

                      4020
                      Outlays, gross (total)
                      3
                      8
                      4

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4030
                      Federal sources
                      –5
                      –8

                      4190
                      Outlays, net (total)
                      –2

                      4

             Beginning with the passage of the Consolidated Appropriations Act, 2008, this account no longer receives annual appropriations
                for Departmental administrative expenses.  Instead, salary and expense funds are distributed across multiple accounts, achieving
                greater transparency and accountability within the Department.  Resources in this account reflect prior-year appropriations,
                as well as funds for disaster-related administrative expenses and certain interagency agreements.

          Object Classification (in millions of dollars)

                      Identification code 86–0143–0–1–999
                      2012 actual
                      2013 CR
                      2014 est.

                      25.3
                      Direct obligations: Other goods and services from Federal sources
                      2
                      1
                      1

                      99.0
                      Reimbursable obligations

                      7
                      3

                      99.9
                      Total new obligations
                      2
                      8
                      4

             Office of Inspector GeneralFor necessary salaries and expenses of the Office of Inspector General in carrying out the Inspector General Act of 1978,
                as amended, $127,672,000.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution as well as amounts from P.L. 113–2, the
             Disaster Relief Appropriations Act, 2013 (no language shown).

          Program and Financing (in millions of dollars)

                      Identification code 86–0189–0–1–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      OIG Salaries and Expenses
                      124
                      125
                      128

                      0002
                      Gulf States Disaster related activities
                      2
                      1

                      0003
                      Recovery Act related activities
                      4
                      3

                      0004
                      Hurricane Sandy and Other Disaster related activities

                      1
                      2

                      0900
                      Total new obligations
                      130
                      130
                      130

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      10
                      4
                      9

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      124
                      125
                      128

                      1121
                      Appropriations transferred from other accts [86–0162]

                      10

                      1160
                      Appropriation, discretionary (total)
                      124
                      135
                      128

                      1930
                      Total budgetary resources available
                      134
                      139
                      137

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      4
                      9
                      7

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      17
                      17
                      26

                      3010
                      Obligations incurred, unexpired accounts
                      130
                      130
                      130

                      3011
                      Obligations incurred, expired accounts
                      5

                      3020
                      Outlays (gross)
                      –129
                      –121
                      –134

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –6

                      3050
                      Unpaid obligations, end of year
                      17
                      26
                      22

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      17
                      17
                      26

                      3200
                      Obligated balance, end of year
                      17
                      26
                      22

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      124
                      135
                      128

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      109
                      105
                      106

                      4011
                      Outlays from discretionary balances
                      20
                      16
                      28

                      4020
                      Outlays, gross (total)
                      129
                      121
                      134

                      4180
                      Budget authority, net (total)
                      124
                      135
                      128

                      4190
                      Outlays, net (total)
                      129
                      121
                      134

             The Office of the Inspector General (OIG) provides independent and objective reviews of the integrity, efficiency and effectiveness
                of Departmental programs and operations.  Through various activities, the OIG seeks to promote efficiency and effectiveness
                in programs and operations, detect and deter fraud and abuse, investigate allegations of misconduct by HUD employees, and
                review and make recommendations regarding existing and proposed legislation and regulations affecting HUD. The Budget includes
                $127.6 million to support agency-wide audit and investigative functions.

          Object Classification (in millions of dollars)

                      Identification code 86–0189–0–1–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Direct obligations:

                      Personnel compensation:

                      11.1
                      Full-time permanent
                      72
                      81
                      81

                      11.5
                      Other personnel compensation
                      1
                      1

                      11.9
                      Total personnel compensation
                      73
                      82
                      81

                      12.1
                      Civilian personnel benefits
                      24
                      20
                      21

                      21.0
                      Travel and transportation of persons
                      5
                      5
                      5

                      23.1
                      Rental payments to GSA
                      9
                      9
                      9

                      25.2
                      Other services from non-Federal sources
                      18
                      13
                      14

                      26.0
                      Supplies and materials

                      1

                      31.0
                      Equipment
                      1

                      99.9
                      Total new obligations
                      130
                      130
                      130

          Employment Summary

                      Identification code 86–0189–0–1–451
                      2012 actual
                      2013 CR
                      2014 est.

                      1001
                      Direct civilian full-time equivalent employment
                      660
                      665
                      665

              Information Technology PortfolioFor  the development of, modifications to, and infrastructure for Department-wide and program-specific information technology
                systems, for the continuing operation and maintenance of both Department-wide and program-specific information systems, and
                for program-related maintenance activities, $285,100,000, to remain available until September 30, 2015.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–4586–0–4–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Information Technology Expenses
                      240
                      267
                      275

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      63
                      110
                      44

                      1011
                      Unobligated balance transfer from other accts [86–0333]
                      2

                      1011
                      Unobligated balance transfer from other accts [86–0334]
                      3

                      1011
                      Unobligated balance transfer from other accts [86–0340]
                      1

                      1011
                      Unobligated balance transfer from other accts [86–0344]
                      5

                      1021
                      Recoveries of prior year unpaid obligations
                      1
                      1
                      1

                      1050
                      Unobligated balance (total)
                      75
                      111
                      45

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      199
                      200
                      285

                      1121
                      Appropriations transferred from other accts [86–0183]
                      72

                      1121
                      Appropriations transferred from other accts [86–0334]
                      1

                      1121
                      Appropriations transferred from other accts [86–0335]
                      4

                      1121
                      Appropriations transferred from other accts [86–0339]
                      1

                      1160
                      Appropriation, discretionary (total)
                      277
                      200
                      285

                      Spending authority from offsetting collections, discretionary:

                      1701
                      Change in uncollected payments, Federal sources
                      –1

                      1750
                      Spending auth from offsetting collections, disc (total)
                      –1

                      1900
                      Budget authority (total)
                      276
                      200
                      285

                      1930
                      Total budgetary resources available
                      351
                      311
                      330

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –1

                      1941
                      Unexpired unobligated balance, end of year
                      110
                      44
                      55

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      204
                      210
                      160

                      3010
                      Obligations incurred, unexpired accounts
                      240
                      267
                      275

                      3020
                      Outlays (gross)
                      –232
                      –316
                      –324

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –1
                      –1
                      –1

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      210
                      160
                      110

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –2
                      –1
                      –1

                      3070
                      Change in uncollected pymts, Fed sources, unexpired
                      1

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –1
                      –1
                      –1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      202
                      209
                      159

                      3200
                      Obligated balance, end of year
                      209
                      159
                      109

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      276
                      200
                      285

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      36
                      150
                      214

                      4011
                      Outlays from discretionary balances
                      196
                      166
                      110

                      4020
                      Outlays, gross (total)
                      232
                      316
                      324

                      Additional offsets against gross budget authority only:

                      4050
                      Change in uncollected pymts, Fed sources, unexpired
                      1

                      4180
                      Budget authority, net (total)
                      277
                      200
                      285

                      4190
                      Outlays, net (total)
                      232
                      316
                      324

             The Information Technology Portfolio (formerly the Working Capital Fund) funds the information technology (IT) systems that
                support Departmental programs and operations, including FHA Mortgage Insurance, housing assistance, grant and disaster relief
                programs, as well as core financial and general operations. The Budget provides $285.1 million for the development, modernization,
                enhancement, operation and maintenance of HUD's IT infrastructure and systems. The Budget renames the Working Capital Fund
                to more accurately describe the account, and consolidates all IT funding within the IT Portfolio to align to the integrated
                IT investment strategy and governance processes that HUD has instituted in recent years.

          Object Classification (in millions of dollars)

                      Identification code 86–4586–0–4–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Direct obligations:

                      23.3
                      Communications, utilities, and miscellaneous charges
                      148
                      177
                      183

                      25.3
                      Other goods and services from Federal sources
                      2
                      1
                      1

                      25.7
                      Operation and maintenance of equipment
                      89
                      86
                      88

                      31.0
                      Equipment
                      1
                      3
                      3

                      99.9
                      Total new obligations
                      240
                      267
                      275

             Transformation Initiative
             (including transfer of funds) Of the amounts made available in this Act under each of the following headings under this title, the Secretary may transfer
                to, and merge with, this account up to 0.5 percent from each such account, and such transferred amounts shall be available
                until September 30, 2016, for (1) research, evaluation, and program metrics; (2) program demonstrations; and (3) technical assistance and capacity building: "Capacity Building", "Choice Neighborhoods Initiative", "Community Development Fund", "Fair Housing Activities", "Family Self-Sufficiency", "HOME
                Investment Partnerships Program", "Homeless Assistance Grants", "Housing Counseling Assistance", "Housing for Persons with
                Disabilities", "Housing for the Elderly", "Housing Opportunities for Persons with AIDS", "Lead Hazard Reduction", "Mutual
                Mortgage Insurance Program Account", "Native American Housing Block Grants", "Native Hawaiian Housing Block Grant", "Payment
                to the Manufactured Housing Fees Trust Fund", "Project-Based Rental Assistance", "Public Housing Capital Fund", "Public Housing
                Operating Fund", "Rental Assistance Demonstration", "Rental Housing Assistance", and "Tenant-Based Rental Assistance": Provided, That any such amounts, or portion thereof, transferred to this account, may be transferred back to be merged with any such
                   other account and to be available for the same purpose and same time period as provided under this Act: Provided further,
                   That with respect to amounts made available under this heading, notwithstanding section 204 of this title, the Secretary may enter into cooperative agreements funded with philanthropic
                entities, other Federal agencies, or State or local governments and their agencies for  projects: Provided further, That with respect to the previous proviso, such partners to the cooperative agreements must contribute at least a 50 percent
                match toward the cost of the project.
          Note.—A full-year 2013 appropriation for this account was not enacted at the time the budget was prepared; therefore, the
             budget assumes this account is operating under the Continuing Appropriations Resolution, 2013 (P.L. 112–175). The amounts
             included for 2013 reflect the annualized level provided by the continuing resolution.

          Program and Financing (in millions of dollars)

                      Identification code 86–0402–0–1–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      TI Research and Demonstrations
                      38
                      19
                      12

                      0002
                      TI Technical Assistance and Capacity Building
                      60
                      33
                      28

                      0003
                      TI Information Technology
                      108
                      71

                      0004
                      Combat Mortgage Fraud
                      2
                      1

                      0900
                      Total new obligations (object class 25.2)
                      208
                      124
                      40

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      278
                      126
                      52

                      1021
                      Recoveries of prior year unpaid obligations
                      9

                      1050
                      Unobligated balance (total)
                      287
                      126
                      52

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      50
                      50

                      1121
                      Appropriations transferred from other accts [86–0162]

                      15

                      1121
                      Appropriations transferred from other accts [86–0205]

                      5

                      1121
                      Appropriations transferred from other accts [86–0308]

                      2

                      1121
                      Appropriations transferred from other accts [86–0163]

                      8

                      1121
                      Appropriations transferred from other accts [86–0320]

                      2

                      1121
                      Appropriations transferred from other accts [86–0237]

                      1

                      1121
                      Appropriations transferred from other accts [86–0174]

                      1

                      1121
                      Appropriations transferred from other accts [86–0303]

                      15

                      1121
                      Appropriations transferred from other accts [86–0304]

                      10

                      1121
                      Appropriations transferred from other accts [86–0313]

                      3

                      1121
                      Appropriations transferred from other accts [86–0349]

                      2

                      1121
                      Appropriations transferred from other accts [86–0302]

                      15

                      1121
                      Appropriations transferred from other accts [86–0183]

                      1

                      1160
                      Appropriation, discretionary (total)
                      50
                      50
                      80

                      1930
                      Total budgetary resources available
                      337
                      176
                      132

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –3

                      1941
                      Unexpired unobligated balance, end of year
                      126
                      52
                      92

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      106
                      210
                      233

                      3010
                      Obligations incurred, unexpired accounts
                      208
                      124
                      40

                      3020
                      Outlays (gross)
                      –95
                      –101
                      –103

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –9

                      3050
                      Unpaid obligations, end of year
                      210
                      233
                      170

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      106
                      210
                      233

                      3200
                      Obligated balance, end of year
                      210
                      233
                      170

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      50
                      50
                      80

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority

                      1
                      1

                      4011
                      Outlays from discretionary balances
                      95
                      100
                      102

                      4020
                      Outlays, gross (total)
                      95
                      101
                      103

                      4180
                      Budget authority, net (total)
                      50
                      50
                      80

                      4190
                      Outlays, net (total)
                      95
                      101
                      103

             Initiated in 2010, the Transformation Initiative (TI) is an ongoing effort aimed at increasing the effectiveness of program
                and service delivery, facilitating an evidence-based approach to improving program outcomes, and enabling innovative approaches
                to address the nation's housing and urban development problems.  The 2014 Budget proposes TI transfers up to a maximum of
                0.5 percent per program or $15 million, whichever is less, and approximately $80 million in total.  The Budget proposes to
                use these funds for three complementary purposes: (1) research, evaluation and program metrics, (2) program demonstrations,
                and (3) technical assistance and capacity building.

             Through an extensive consultation and prioritization process, HUD's Office of Policy Development and Research (PD&R) has developed
                the "Research Roadmap 2014–2018," which identifies research and evaluation priorities that will set HUD on a path to address
                the most pressing housing and urban development challenges.  The TI provides a predictable stream of funding for these high
                quality research and evaluation projects and program demonstrations that will inform sound policymaking.  The TI supplements
                HUD's Research and Technology appropriations, which are mainly dedicated to funding housing data, such as the American Housing
                Survey.

             The TI also enables HUD to design and execute a series of major research demonstrations that rigorously test new program innovations.
                Demonstrations can be used to explore fundamental questions about housing market dynamics and their impact on economic, social
                and environmental objectives.  The demonstrations will improve programs, help State and local governments, non-profits, and
                for profit organizations to develop more effective strategies for housing and community and economic development, and improve
                the delivery and reduce the cost of public services.

              Traditionally, HUD has delivered program-oriented technical assistance to ensure that HUD grantees are fully aware of the
                rules governing the disparate programs.  While awareness of rules is necessary, effective responses to urban and housing challenges
                increasingly require coordination and awareness of diverse areas of knowledge: housing finance as well as land use, energy
                efficiency as well as healthy homes, community development as well as transportation planning, and accessibility as well as
                job creation.  The TI enables HUD to develop enhanced and focused support to deliver cross-program technical assistance for
                States, local governments, and other HUD grantees for integrated management and planning across programs and jurisdictions,
                including improved use of data to drive decision-making and results.  In 2014, HUD will strengthen its focus on using TI to
                deliver comprehensive capacity building to help distressed communities position themselves for revitalization and economic
                growth.

             The following table illustrates the maximum and estimated transfers from HUD's programs into the Transformation Initiative account in 2014.

                         2014
                         2014

                         Program Name (amounts in thousands)
                         Treasury
                         Maximum
                         Estimated

                         Account
                         Transfer
                         Transfer

                         Capacity Building
                         86–0405
                         100
                         100

                         Choice Neighborhoods
                         86–0349
                         2,000
                         2,000

                         Community Development Fund
                         86–0162
                         15,716
                         15,000

                         Fair Housing Activities
                         86–0144
                         355
                         355

                         Family Self Sufficiency
                         86–0350
                         375
                         375

                         HOME Investment Partnerships Program
                         86–0205
                         4,750
                         4,750

                         Homeless Assistance Grants
                         86–0192
                         11,905
                         0

                         Housing Counseling Assistance
                         86–0156
                         275
                         275

                         Housing for Persons with Disabilities
                         86–0237
                         630
                         630

                         Housing for the Elderly
                         86–0320
                         2,000
                         2,000

                         Housing Opportunities for Persons with AIDS
                         86–0308
                         1,660
                         1,660

                         Lead Hazard Reduction
                         86–0174
                         600
                         600

                         Mutual Mortgage Insurance Program Account
                         86–0183
                         635
                         635

                         Native American Housing Block Grants
                         86–0313
                         3,250
                         3,250

                         Native Hawaiian Housing Block Grants
                         86–0235
                         65
                         65

                         Payment to the Manufactured Housing Fees Trust Fund
                         86–0234
                         5
                         5

                         Project-Based Rental Assistance
                         86–0303
                         51,360
                         15,000

                         Public Housing Capital Fund
                         86–0304
                         10,000
                         10,000

                         Public Housing Operating Fund
                         86–0163
                         23,000
                         8,162

                         Rental Assistance Demonstration
                         86–0406
                         50
                         50

                         Rental Housing Assistance
                         86–0148
                         88
                         88

                         Tenant-Based Rental Assistance
                         86–0302
                         99,946
                         15,000

                         Transfer Total

                         228,7641
                         80,0002

             1Amount represents maximum TI transfers in 2014 - 0.5% of program funding.2Amount represents estimated TI transfers based on the 2014 Budget priorities and program requirements. Estimated TI transfers
             from CDF, HAG, PBRA, Operating Fund, and TBRA are less than the maximum.

          Trust Funds
             Gifts and Bequests

             Program and Financing (in millions of dollars)

                      Identification code 86–8093–0–7–451
                      2012 actual
                      2013 CR
                      2014 est.

                      Obligations by program activity:

                      0001
                      Gifts and bequests
                      3

                      0900
                      Total new obligations (object class 41.0)
                      3

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      3

                      1930
                      Total budgetary resources available
                      3

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      3
                      2

                      3010
                      Obligations incurred, unexpired accounts
                      3

                      3020
                      Outlays (gross)

                      –1
                      –1

                      3050
                      Unpaid obligations, end of year
                      3
                      2
                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year

                      3
                      2

                      3200
                      Obligated balance, end of year
                      3
                      2
                      1

                      Budget authority and outlays, net:

                      Mandatory:

                      Outlays, gross:

                      4101
                      Outlays from mandatory balances

                      1
                      1

                      4190
                      Outlays, net (total)

                      1
                      1

             GENERAL FUND RECEIPT ACCOUNTS

             (in millions of dollars)

                      2012 actual
                      2013 CR
                      2014 est.

                      Offsetting receipts from the public:

                      86–271910
                      FHA-general and Special Risk, Negative Subsidies
                      395
                      890
                      885

                      86–271930
                      FHA-general and Special Risk, Downward Reestimates of Subsidies
                      2,216
                      529

                      86–274330
                      Indian Housing Loan Guarantees, Downward Reestimates of Subsidies
                      1
                      12

                      86–276230
                      Title VI Indian Loan Guarantee Downward Reestimate
                      3
                      3

                      86–277330
                      Community Development Loan Guarantees, Downward Reestimates
                      10
                      3

                      86–279930
                      Native Hawaiian Housing Loan Guarantees, Downward Reestimates of Subsidies

                      1

                      86–322000
                      All Other General Fund Proprietary Receipts Including Budget Clearing Accounts
                      34
                      12
                      12

                      General Fund Offsetting receipts from the public
                      2,659
                      1,450
                      897

                      Intragovernmental payments:

                      86–388510
                      Undistributed Intragovernmental Payments
                      23
                      7
                      7

                      General Fund Intragovernmental payments
                      23
                      7
                      7

             GENERAL PROVISIONS—DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

             '

          (including cancellation and transfer of funds)SEC. 201.  Fifty percent of the amounts of budget authority, or in lieu thereof 50 percent of the cash amounts associated with such
          budget authority, that are recaptured from projects described in section 1012(a) of the Stewart B. McKinney Homeless Assistance
          Amendments Act of 1988 (42 U.S.C. 1437 note) shall be cancelled or in the case of cash, shall be remitted to the Treasury,
          and such amounts of budget authority or cash recaptured and not cancelled 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 cancelled
          or remitted to the Treasury to provide project owners with incentives to refinance their project at a lower interest rate.SEC. 202.  None of the amounts made available under this Act may be used during fiscal year  2014 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 nonfrivolous 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. 203.   Sections 203 and 209 of division C of Public Law 112–55 (125 Stat. 693–694) shall apply during fiscal year 2014 as if such
                sections were included in this title, except that during such fiscal year such sections shall be applied by substituting fiscal
                year 2014 for fiscal year 2011 and fiscal year 2012, each place such terms appear. SEC. 204.  Except as explicitly provided in law, any grant, cooperative agreement or other assistance made pursuant to title II 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 (42 U.S.C. 3545). SEC. 205.  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. 1811–1).SEC. 206.  Corporations and agencies of the Department of Housing and Urban Development which are subject to the Government Corporation
          Control Act 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
          in the budget for 2014 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. 207.  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.SEC. 208.  A public housing agency or such other entity that administers Federal housing assistance for the Housing Authority of the
          county of Los Angeles, California, 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 for the Housing Authority of the
          county of Los Angeles, California and the States of Alaska, Iowa and Mississippi that chooses not to include a resident of
          public housing or a recipient of section 8 assistance on the board of directors or a similar governing board shall establish
          an advisory board of not less than six 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. 209. (a)  Notwithstanding any other provision of law, subject to the conditions listed in subsections (c) and (e), for fiscal years  2014 and 2015, the Secretary of Housing and Urban Development may authorize the transfer of some or all project-based assistance, debt
          held or insured by the Secretary, and statutorily required low-income and very low-income use restrictions if any, associated with one or more multifamily housing project to another multifamily housing project or projects.
          (b) Phased Transfers.—Transfers of project-based assistance under this section may be done in phases to accommodate the financing and other requirements
             related to rehabilitating or constructing the project or projects to which the assistance is transferred, to ensure that such
             project or projects meet the standards under section (c).

          (c)  The transfer authorized in subsection (a) is subject to the following conditions:
             (1) Number and bedroom size of units.—
                (A)  For occupied units in the transferring project: the number of low-income and very low-income units and the configuration
                   (i.e. bedroom size) provided by the transferring project shall be no less than when transferred to the receiving project or
                   projects and the net dollar amount of Federal assistance provided to the transferring project shall remain the same in the receiving
                      project or projects.

                (B)  For unoccupied units in the transferring project: the Secretary may authorize a reduction in the number of dwelling units
                   in the receiving project or projects to allow for a reconfiguration of bedroom sizes to meet current market demands, as determined
                   by the Secretary and provided there is no increase in the project-based assistance budget authority.

             (2)  The transferring project shall, as determined by the Secretary, be either physically obsolete or economically nonviable.

             (3)  The receiving project or projects 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 or projects
                shall not be required to vacate their units in the transferring project or projects 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 or projects meets the condition specified in subsection (d)(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, except that the Secretary may waive this requirement
                upon determination that such a waiver is necessary to facilitate the financing of acquisition, construction, and/or rehabilitation
                of the receiving project or projects.

             (8)  If the transferring project meets the requirements of subsection (d)(2)(F), the owner or mortgagor of the receiving project or projects 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.

             (9)  The transfer does not increase the cost (as defined in section 502 of the Congressional Budget Act of 1974, as amended) of
                any FHA-insured mortgage, except to the extent that appropriations are provided in advance for the amount of any such increased
                cost.

          (d)  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 including projects undergoing mark to market debt restructuring
                   under the Multifamily Assisted Housing Reform and Affordability Housing Act;

                (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;

                (E)  housing that is assisted under section 811 of the Cranston-Gonzales National Affordable Housing Act; or
                (F)  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)  interest reduction payments under section 236 and/or additional assistance payments under section 236(f)(2) of the National
                   Housing Act;

                (E)  assistance payments made under section 202(c)(2) of the Housing Act of 1959; and
                (F)  assistance payments made under section 811(d)(2) of the Cranston-Gonzales National Affordable Housing Act;

             (4)  the term "receiving project or projects'' means the multifamily housing project or projects to which some or all of the project-based
                assistance, debt, and statutorily required low-income and very low-income use restrictions are to be transferred;

             (5)  the term "transferring project'' means the multifamily housing project which is transferring some or all of the project-based
                assistance, debt and the statutorily required low-income and very low-income use restrictions to the receiving project or
                projects; and

             (6)  the term "Secretary'' means the Secretary of Housing and Urban Development.

          (e) Public Notice and Research Report.—(1)  The Secretary shall publish by notice in the Federal Register the terms and conditions, including criteria for HUD approval,
                      of transfers pursuant to this section no later than 30 days before the effective date of such notice.
             (2)  The Secretary shall conduct an evaluation of the transfer authority under this section, including the effect of such transfers
                      on the operational efficiency, contract rents, physical and financial conditions, and long-term preservation of the affected
                      properties.
          SEC. 210.   Section 255(g) of the National Housing Act (12 U.S.C. 1715z-20(g)) is amended by striking the sentence beginning "The aggregate number of mortgages" . SEC. 211.  During fiscal year 2014, 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. 212.  The commitment authority funded by fees as provided under the subheading "Program Account'' under the heading "Community
          Development Loan Guarantees'' may be used to guarantee, or make commitments to guarantee, notes, or other obligations issued
          by any State on behalf of non-entitlement communities in the State in accordance with the requirements of section 108 of the
          Housing and Community Development Act of 1974: Provided, That any State receiving such a guarantee or commitment shall distribute all funds subject to such guarantee to the units
          of general local government in non-entitlement areas that received the commitment.SEC. 213.  No official or employee of the Department of Housing and Urban Development shall be designated as an allotment holder unless
          the Office of the Chief Financial Officer has determined that such allotment holder has implemented an adequate system of
          funds control and has received training in funds control procedures and directives. The Chief Financial Officer shall ensure
          that there is a trained allotment holder for each HUD office under the accounts  "Executive Offices" and "Administrative Support Offices,"  as well as each account receiving appropriations for "Program Office Salaries and Expenses'' within the Department of Housing
          and Urban Development.SEC. 214.  The Secretary of the Department of Housing and Urban Development shall for fiscal year 2014 and subsequent fiscal years, notify the public through the Federal Register and other means, as determined appropriate, of
          the issuance of a notice of the availability of assistance or notice of funding availability (NOFA) for any program or discretionary
          fund administered by the Secretary that is to be competitively awarded. Notwithstanding any other provision of law, for fiscal
          year 2014 and subsequent fiscal years, the Secretary may make the NOFA available only on the Internet at the appropriate Government
          Web site or through other electronic media, as determined by the Secretary.SEC. 215.  The Secretary of the Department of Housing and Urban Development is authorized to transfer up to 5 percent or $10,000,000, whichever is less, of the funds appropriated  under any account under the headings  "Management and Administration", "Program Office Salaries and Expenses", and "Government National Mortgage Association" to any other account funded under such headings: Provided, That no appropriation for any account funded under such headings  shall be increased or decreased by more than 5 percent or $10,000,000, whichever is less, without prior written notification to the House and Senate Committees on Appropriations. SEC. 216.  The Disaster Housing Assistance Programs, administered by the Department of Housing and Urban Development, shall be considered
          a "program of the Department of Housing and Urban Development'' under section 904 of the McKinney Act for the purpose of income
          verifications and matching.SEC. 217.  Of the amounts made available for salaries and expenses under all accounts under this title (except for the Office of Inspector
          General account), a total of up to $10,000,000 may be transferred to and merged with amounts made available in the "Information Technology Portfolio" account under this title.SEC. 218.  Title II of Division K of Public Law 110–161 is amended by striking the item related to "Flexible Subsidy Fund''.SEC. 219. Paragraph (1) of section 242(i) of the National Housing Act (12 U.S.C. 1715z-7(i)(1)) is amended by striking "July 31, 2011"
          and inserting "July 31, 2016".SEC. 220. Subparagraph (A) of Section 3(b)(6) of the U.S. Housing Act of 1937 (42 U.S.C. 1437a(b)(6)(A)) is amended by inserting before
          the period at the end the following: ", or a consortium of such entities or bodies as approved by the Secretary".SEC. 221.  FLAT RENTS.—(a) Section 3(a) of the United States Housing Act of 1937 (42 U.S.C. 1437a(a)) is amended—
             (1) in paragraph (2)(B)(i)—
                (A) in the matter preceding subclause (I)—
                   (i) by striking "Except as otherwise provided under this clause, each" and inserting "Each";
                   (ii) by inserting after "which shall" the following: "not be lower than 80 percent of the applicable fair market rental established
                      under section 8(c) of this Act and which shall";

                (B) by striking the undesignated matter following subclause (II) and inserting the following: "Public housing agencies must comply
                   by June 1, 2014, with the requirement of this clause, except that if a new flat rental amount for a dwelling unit will increase a family's
                   existing rental payment by more than 35 percent, the new flat rental amount shall be phased in as necessary to ensure that
                   the family's existing rental payment does not increase by more than 35 percent annually. The preceding sentence shall not
                   be construed to require establishment of rental amounts equal to 80 percent of the fair market rental in years when the fair
                   market rental falls from the prior year.";

          SEC. 222. Notwithstanding any provision of the United States Housing Act of 1937 concerning the determination of tenant rent obligations,
          and of section 23 of such Act (42 U.S.C. 1437u) concerning deposits to escrow accounts, the Secretary may, during the 5-year
          period beginning on the date of enactment of this Act, allow the use of funds made available by the Secretary to public housing
          agencies to carry out rent policy demonstrations involving a limited number of families assisted under the 1937 Act, for the
          purpose of determining the effectiveness of different rent policies in encouraging families to obtain employment, increase
          their incomes, and achieve economic self-sufficiency, while reducing administrative burdens and maintaining housing stability.  Such demonstrations shall include public housing agencies of various sizes, and may include providing income disregards, family self-sufficiency accounts,
          and policies under which families pay rent in amounts different from 30 percent of their adjusted income. The Secretary shall
          publish a report regarding the results and effectiveness of any demonstrations conducted under the authority of this section.SEC. 223. INSPECTIONS.—
          (a) Section 8(o)(8) of the United States Housing Act of 1937 (42 U.S.C. 1437f(o)(8)) is amended—
             (1) by redesignating subparagraph (E) as subparagraph (G); and
             (2) by striking subparagraph (D) and inserting the following new subparagraphs:

                   "(D) BIENNIAL INSPECTIONS.

                      "(i) REQUIREMENT.—Each public housing agency providing assistance under this subsection (or other entity, as provided in paragraph
                               (11)) shall, for each assisted dwelling unit, make inspections not less often than biennially during the term of the housing
                               assistance payments contract for the unit to determine whether the unit is maintained in accordance with the requirements
                               under subparagraph (A).

                      "(ii) USE OF ALTERNATIVE INSPECTION METHOD.—The requirements under clause (i) may be complied with by use of inspections that qualify as an alternative inspection method
                         pursuant to subparagraph (E).

                      "(iii) RECORDS.— The public housing agency (or other entity) shall retain the records of the inspection for a reasonable time, as determined by the Secretary, and shall make the records available upon request to the Secretary, the Inspector General for the Department of Housing and
                         Urban Development, and any auditor conducting an audit under section 5(h) .

                      "(iv) MIXED-FINANCE PROPERTIES.—The Secretary may adjust the frequency of inspections for mixed-finance properties assisted
                               with vouchers under paragraph (13) to facilitate the use of the alternative inspections in subparagraph (E).

                   "(E) ALTERNATIVE INSPECTION METHOD.—An inspection of a property shall qualify as an alternative inspection method for purposes of this subparagraph if—

                      "(i) the inspection was conducted pursuant to requirements under a Federal, State, or local housing program (including the
                         Home investment partnership program under title II of the Cranston-Gonzalez National Affordable Housing Act and the low-income
                         housing tax credit program under section 42 of the Internal Revenue Code of 1986); and

                      "(ii) pursuant to such inspection, the property was determined to meet the standards or requirements regarding housing quality
                         or safety applicable to properties assisted under such program, and, if a non-Federal standard or requirement was used, the
                         public housing agency has certified to the Secretary that such standard or requirement provides the same (or greater) protection
                         to occupants of dwelling units meeting such standard or requirement as would the housing quality standards under subparagraph
                         (B).

                   "(F) INTERIM INSPECTIONS.—Upon notification to the public housing agency, by a family (on whose behalf tenant-based rental assistance is provided under
                      this subsection) or by a government official, that the dwelling unit for which such assistance is provided does not comply
                      with the housing quality standards under subparagraph (B), the public housing agency shall inspect the dwelling unit—

                      "(i) in the case of any condition that is life-threatening, within 24 hours after the agency's receipt of such notification,
                         unless waived by the Secretary in extraordinary circumstances; and

                      "(ii) in the case of any condition that is not life-threatening, within a reasonable time frame as determined by the Secretary.".

             (b) EFFECTIVE DATE.—The amendments in subsection (a) shall take effect upon such date as the Secretary determines, in the Secretary's sole discretion,
                through the Secretary's publication of such date in the Federal Register, as part of regulations promulgated, or a notice
                issued, by the Secretary to implement such amendments.

          SEC. 224. Notwithstanding any other provision of the United States Housing Act of 1937 (42 U.S.C. 1437f et seq.) and any provision in
          this Act under the headings "Public Housing Operating Fund", "Public Housing Capital Fund", "Tenant-Based Rental Assistance",
          and "General Provisions, Department of Housing and Urban Development" (except for provisions establishing the amount of funding
          made available), of the funds provided by this Act under the headings "Public Housing Operating Fund" and "Public Housing
          Capital Fund", and of the administrative fees in this Act under the heading "Tenant-Based Rental Assistance", a percentage
          of such funds and fees (which percentage the Secretary shall establish by notice published in the Federal Register) may be
          set aside and used by a public housing agency for the Consolidated Opportunities for Resident Enrichment (CORE) Flexibility
          program: Provided, That a public housing agency shall use such set-aside funds and fees to provide flexibility for supportive services activities
          for families that receive assistance under either section 8(o) or 9 of the United States Housing Act of 1937 (42 U.S.C. 1437f(o)
          or 42 U.S.C. 1437g), including activities such as service coordination, case management, direct services, services to keep
          the elderly or persons with disabilities successfully housed, and other activities that promote positive resident outcomes
          related to education, health, safety, economic security and self-sufficiency, and quality of life: Provided further, That funds and fees may be set aside pursuant to this section for a period of up to two years, after which any unexpended
          funds shall be used only for the original purposes for which such funds and fees were made available: Provided further, That the Secretary shall develop and publish, in the Federal Register, a notice regarding the use of such set-aside funds
          and fees, in which the Secretary shall provide program guidelines that include (but are not limited to) eligibility threshold,
          eligible activities, reporting and accountability, and other matters as determined by the Secretary.SEC. 225. Subsection (d) of section 184 of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z-13a) is amended to read
          as follows:

             "(d) Guarantee fee. The Secretary shall establish and collect, at the time of issuance of the guarantee, a fee for the guarantee
                of loans under this section, in an amount not exceeding 3 percent of the principal obligation of the loan.  The Secretary
                may also establish and collect annual premium payments in an amount not exceeding 1 percent of the remaining guaranteed balance
                (excluding the portion of the remaining balance attributable to the fee collected at the time of issuance of the guarantee).
                The Secretary shall establish the amount of the fees and premiums by publishing a notice in the Federal Register. The Secretary
                shall deposit any fees and premiums collected under this subsection in the Indian Housing Loan Guarantee Fund established
                under subsection (i).".

          SEC. 226. ( Subsection (g) of section 9 of the United States Housing Act of 1937 (42 U.S.C. 1437g(g)) is amended by striking paragraphs
             (1) and (2) and inserting the following new paragraph:"(1) FULL FLEXIBILITY OF CAPITAL AND OPERATING FUND AMOUNTS.—The Secretary shall provide, by notice published in the Federal
                   Register, that of any amounts allocated for any fiscal year from the funds under subsections (d) and (e) for any public housing
                   agency that is not designated pursuant to section 6(j)(2) as a troubled public housing agency and that, in the determination
                   of the Secretary is operating and maintaining its public housing in a safe, clean, and healthy condition, the agency may use
                   any such amounts for any eligible activities under subsections (d)(1) and (e)(1), regardless of the fund from which the amounts
                   were allocated and provided."; and
          (2) by redesignating paragraph (3) as paragraph (2).SEC. 227. GINNIE MAE SECURITIZATION.—(a) Paragraph (8) of section 542(b) of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z-22(b)) is amended in
             its title by deleting "Prohibition on" and by revising the text of paragraph (8) to read as follows:

                "The Government National Mortgage Association shall not securitize any multifamily loans insured or reinsured under this subsection,
                   except as provided herein.  The Government National Mortgage Association may, at the discretion of the Secretary, securitize
                   any multifamily loan, provided that—

                   "(A) the Federal Housing Administration provides mortgage insurance based on the unpaid principal balance of the loan, as
                      shall be described in the Risk Share Agreement

                   "(B) the Federal Housing Administration shall not require an assignment fee for mortgage insurance claims related to the securitized
                      mortgages and

                   "(C) any successors and assigns of the risk share partner (including the holders of credit instruments issued under a trust
                      mortgage or deed of trust pursuant to which such holders act by and through a trustee therein named) shall not assume any
                      obligation under the risk-sharing agreement and may assign any defaulted loan to the Federal Housing Administration in exchange
                      for payment of the mortgage insurance claim.

                "The risk-sharing agreement must provide for reimbursement to the Secretary by the risk share partner(s) for either all or
                   a portion of the losses incurred on the loans insured.".

          (b) Paragraph (6) of section 542(c) of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z-22(c)) is amended in its title
             by deleting "Prohibition on" and by revising the text of paragraph (6) to read as follows:

                "The Government National Mortgage Association may, at the discretion of the Secretary, securitize any multifamily loan insured
                   under this subsection, provided that—

                   "(A) the Federal Housing Administration provides mortgage insurance based on the unpaid principal balance of the loan, as
                      shall be described by regulation,

                   "(B) the Federal Housing Administration shall not require an assignment fee for mortgage insurance claims related to the securitized
                      mortgages, and

                   "(C) any successors and assigns of the risk share partner (including the holders of credit instruments issued under a trust
                      mortgage or deed of trust pursuant to which such holders act by and through a trustee therein named) shall not assume any
                      obligation under the risk-sharing agreement and may assign any defaulted loan to the Federal Housing Administration in exchange
                      for payment of the mortgage insurance claim.

                "The risk-sharing agreement must provide for reimbursement to the Secretary by the risk share partner(s) for either all or
                   a portion of the losses incurred on the loans insured.".

          (c) Clause (ii) of the first sentence of section 306(g)(1) of the National Housing Act (12 U.S.C. 1721(g)(1)) is amended by striking
             the semi-colon and inserting a comma, and by inserting before the period at the end the following: ", or which are insured
             under subsection (b) or (c) of section 542 of the Housing and Community Development Act of 1992 (12 U.S.C.1715z-22), subject
             to the terms of paragraph (8) and (6), respectively, of such subsection".
          SEC. 228.  EXCEPTION TO AFFORDABLE HOUSING QUALIFICATION FOR MULTIFAMILY HOUSING SECURING LOANS MADE BY CERTAIN ENTITIES.—Section 542(b)(9)
                of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z-22(b)(9)) is amended by inserting after the period at
                the end the following: "This requirement does not apply to housing securing loans made to increase the availability of capital
                to small multifamily rental properties by entities approved by the Secretary as having demonstrated experience in making loans
                for low and moderate income multifamily housing.". SEC. 229. (a) Subsection (b) of section 225 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12755) is amended by
          inserting at the end the following sentence: "Such 30 day waiting period is not required if the grounds for the termination
          or refusal to renew involve a direct threat to the safety of the tenants or employees of the housing, or an imminent and serious
          threat to the property (and the termination or refusal to renew is in accordance with the requirements of State or local law).".
          (b) Section 231 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12771) is amended—

             (1) in subsection (b) by striking "make such funds available by direct reallocation" and all that follows through "were recaptured"
                and inserting "reallocate the funds by formula in accordance with section 217(d) of this Act (42 U.S.C. 12747(d))"; and

             (2) by striking subsection (c).

          (c) Section 104(6) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12704) is amended by inserting at the
                   end of the undesignated matter after subparagraph (D) the following sentence: "In the case of an organization funded by the
                   State under title II of this Act, the organization may serve all counties within the State."
          (d) Section 216 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12746) is amended—

             (1) in paragraph (3) by striking "Except as provided in paragraph (10), a" and inserting "A";

             (2) in paragraph (8) by striking "subsequent" and inserting "five";

             (3) by amending paragraph (9) to read as follows:

                "(9) REVOCATION.—

                   "(A) The Secretary may revoke the designation of a jurisdiction as a participating jurisdiction if the Secretary finds, after
                            reasonable notice and opportunity for hearing, that the jurisdiction is unwilling or unable to carry out the provisions of
                            this title. Any remaining line of credit in the HOME Investment Trust Fund established for the jurisdiction under section
                            218 shall be reallocated in accordance with paragraph (6) of this section.

                   "(B) The Secretary shall revoke the designation of a jurisdiction as a participating jurisdiction if the allocation for the
                            jurisdiction falls below $500,000 for 3 years during the period in paragraph (8)."; and

             (4) by striking paragraph (10).

          (e) Section 217(b) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12747(b)) is amended—

             (1) in paragraph (3) by striking ", except as provided in paragraph (4)"; and

             (2) by striking paragraph (4).
          SEC. 230. (a) Section 3(b) of the United States Housing Act of 1937 (42 U.S.C. 1437a) is amended—
          (1) in paragraph (2),
             (A)  by designating the first sentence as subparagraph (A), the second sentence as subparagraph (B), and the remaining sentences
                      as subparagraph (D);
             (B)  by inserting after subparagraph (B) the following new subparagraph (C):

                "(C) The term extremely low-income families means very low-income families whose incomes do not exceed the higher of—

                   "(i) the poverty guidelines updated periodically by the Department of Health and Human Services under the authority of section
                      673(2) of the Community Services Block Grant Act applicable to a family of the size involved (except that this clause shall
                      not apply in the case of public housing agencies located in Puerto Rico or any other territory or possession of the United
                      States); or

                   "(ii) 30 percent of the median family income for the area, as determined by the Secretary, with adjustments for smaller and
                      larger families (except that the Secretary may establish income ceilings higher or lower than 30 percent of the median for
                      the area on the basis of the Secretary's findings that such variations are necessary because of unusually high or low family
                      incomes)."; and

             (C)  in subparagraph (D), as so designated by this subsection, by striking the second sentence and all that follows through the
                      end of the subparagraph; and

          (2) in paragraph 5(A), by revising subparagraph (ii) to read as follows:

                "(ii) Health and medical expenses.  The amount, if any, by which 10 percent of annual family income is exceeded by the sum of

                   "(I) in the case of any elderly or disabled family, any unreimbursed health and medical care expenses; and

                   "(II) any unreimbursed reasonable attendant care and auxiliary apparatus expenses for each handicapped member of the family,
                      to the extent necessary to enable any member of such family to be employed.".

          (b) Section 16 of the United States Housing Act of 1937 (42 U.S.C. 1437n) is amended—
             (1) in subsection (a)(2)(A),
             (2) in subsection (b)(1), and
             (3) in subsection (c)(3),

             by striking "families whose incomes" and all that follows through "low family incomes" and inserting "extremely low-income
                families".

          SEC. 231. Notwithstanding Section 24(o) of the United States Housing Act of 1937 (42 U.S.C. 1437v(o)), amounts made available in prior
          appropriations Acts under the heading "Revitalization of Severely Distressed Public Housing (HOPE VI)" or under the heading
          "Choice Neighborhoods Initiative" may continue to be provided as assistance pursuant to such Section 24.SEC. 232. PROJECT RENTAL ASSISTANCE AUTHORITY. —Section 202(f)(2) of the Housing Act of 1959 (12 U.S.C. 1701q(f)(2)) is amended—
          (a) in paragraph (A)—
             (1) by striking the matter before clause (i) and inserting the following: "The Secretary shall establish procedures to delegate
                the award, review and processing of projects to a State or local housing agency that—"; and

             (2) in clause (iii), by striking "capital advance" and inserting "funding", and by replacing the comma with a semi-colon;

          (b) in subparagraph (B), by striking "capital advances" and inserting "funding under this section";
          (c) in subparagraph (C), by striking the first sentence;
          (d) by redesignating subparagraph (D) as subparagraph (E), and in the redesignated subparagraph (E)—
             (1) by striking "a capital advance" and inserting "funding under this section"; and
             (2) by striking "capital advance amounts or project rental assistance" and inserting "funding under this section"; and

          (e)  by inserting the following new subparagraph after subparagraph (C):

                "(D) Assistance under subsection (c)(2) may be provided for projects for which the applicable State agency responsible for
                   health and human services programs, and the applicable State agency designated to administer or supervise the administration
                   of the State plan for medical assistance under title XIX of the Social Security Act, have entered into such agreements as
                   the Secretary considers appropriate—

                    "(i) to identify the target populations to be served by the project;

                    "(ii) to set forth methods for outreach and referral; and

                    "(iii) to make available appropriate services for tenants of the project.".

          SEC. 233. The proviso under the "Community Development Fund" heading in Public Laws 109–148, 109–234, 110–252, and 110–329 which requires
          the Secretary to establish procedures to prevent duplication of benefits and to report to the Committees on Appropriations
          on all steps to prevent fraud and abuse is amended by striking "quarterly" and inserting "annually".SEC. 234.  Section 11 of the Housing Opportunity Program Extension Act of 1996 (42 U.S.C. 12805 note) is amended—
             (1) in subsection (d)(2) by inserting at the end the following new subparagraph:

                "(C) PLANNING, ADMINISTRATION, AND MANAGEMENT. Planning, administration, and management of grant programs and activities,
                         provided that such expenses do not exceed 20 percent of any grant made under this section.";

             (2) in subsection (i)(5) by—

                (A) striking "24" and inserting "36"; and

                (B) striking "except that" and all that follow through "such grant amounts";

             (3) in subsection (j) by—

                (A) inserting after the heading "(1) REDISTRIBUTION OF FUNDS.";

                (B) striking "24" and inserting "36";

                (C) striking "(or, in the case" and all that follows through "within 36 months)"; and

                (D) inserting at the end the following new paragraph:

                   "(2) DEADLINE FOR COMPLETION AND CONVEYANCE.—The Secretary shall establish a deadline (which may be extended for good cause
                            as determined by the Secretary) by which time all units that have been assisted with grant funds under this section must be
                            completed and conveyed."; and

             (4) by striking subsection (q).
          SEC. 235.  RENTAL ASSISTANCE DEMONSTRATION AMENDMENTS—
             The language under the heading Rental Assistance Demonstration in the Department of Housing and Urban Development Appropriations
                      Act, 2012 (Public Law 112–55) is amended—

             (1) by striking "(except for funds allocated under such section for single room occupancy dwellings as authorized by title
                      IV of the McKinney-Vento Homeless Assistance Act)" in both places such language appears;

             (2) in the third proviso by inserting "in excess of amounts made available under this heading" after "associated with such
                      conversion";

             (3) in the fourth proviso—

                (A) by striking "60,000" and inserting "150,000"; and

                (B) by striking "or section 8(e)(2)"; and

             (4) in the penultimate proviso by striking "and 2013," and inserting "through 2015".
          SEC. 236.  PHA COMPENSATION—
             (a) Section 2(b) of the United States Housing Act of 1937 (42 U.S.C. 1437(b)) is amended by adding the following new paragraph
                      at the end:

                "(4) SALARY.—

                   "(A) GENERAL.—This paragraph establishes the maximum salary that a public housing agency may provide to its employees and
                            the maximum annual contract amounts that may be paid to its contract personnel using funds provided under this Act.  A public
                            housing agency shall use the same salary structure as described in this paragraph and follow the requirements of uniform administrative
                            rules for Federal grants and cooperative agreements and principles and standards for determining costs for Federal awards
                            for all payments that it makes to its employees and for personnel hired as contractors when funds provided under this Act
                            are used for such payments.

                   "(B) SALARY STRUCTURE.—

                      "(i) The base salary of public housing agency employees and the contract amount paid to contracted personnel from funds provided
                               under this Act shall be based on the Federal General Schedule (GS) basic rate of pay, including locality adjustment, established
                               under sections 5303 and 5304 of title 5, United States Code as follows:

                         "(I) For public housing agencies with fewer than 250 total units (public housing and section 8 housing vouchers), the base
                                  salary of a public housing agency employee or total annual payment to each contracted personnel shall not exceed the basic
                                  rate of pay, including a locality adjustment, for GS-11, step 10;

                         "(II) For public housing agencies with 250 to 1249 total units (public housing and section 8 housing vouchers), the base salary
                                  of a public housing employee or total annual payment to each contracted personnel shall not exceed the basic rate of pay,
                                  including locality adjustment, for GS-13, step 10;

                         (III) For public housing agencies with 1250 or more total units (public housing and section 8 housing vouchers), the base
                                  salary of a public housing agency employee or total annual payment to each contracted personnel shall not exceed the basic
                                  rate of pay, including locality adjustment, for GS-15, step 10.

                      "(ii) Any amount of salary paid to an employee or of total annual payment to each contracted personnel that exceeds the amount
                               provided under the structure of this paragraph must be from non-Federal non-Act sources.

                      "(iii) The salary structure provided in subparagraph (B)(i) shall be subject to any requirements that may be established for
                               the General Schedule by an appropriations Act or by Presidential executive order for any Federal fiscal year.

                      "(iv) A public housing agency must certify that it has established detailed performance measures that describe how public
                               housing agency employees or personnel hired as contractors may receive a salary or contract increase within the limits of
                               subparagraph (B)(i).  The certification shall be transmitted to the Secretary in a format as determined by the Secretary.

                   "(C) DEFINITIONS.—For purposes of this section—

                      "(i) Employee includes any member of a public housing agency organization whose salary is paid in whole or in part from funds
                               provided under this Act, and regardless of whether such employee is full-time or part-time, temporary or permanent.

                      "(ii) Contracted personnel includes any member of a public housing agency organization whose position is procured under uniform
                               administrative rules for Federal grants and cooperative agreements and who is paid in whole or in part from funds provided
                               under this Act, and regardless of whether such individual is full-time or part-time, hourly, temporary or permanent.  No such
                               position shall be for a period beyond 5 years without re-procurement.

                      "(iii) Salary includes the annual basic rate of pay, including a locality adjustment, as provided in sub-paragraph (B) and
                               any additional adjustments, such as may be provided for overtime or shift differentials, bonuses, or contract payments including
                               bonuses.  Salary does not include fringe benefits as defined in principles and standards for determining costs for Federal
                               awards.

                   "(D) DISCLOSURE OF RECORDS.— Each public housing agency shall make available to the Secretary upon request such financial
                            and other records as the Secretary deems necessary for purpose of review and monitoring compliance with this section.".

             (b) EFFECTIVE DATE.—The amendment made by subsection (a) shall take effect on January 1, 2014 except that for contract personnel
                      the amendment should be effective upon the expiration of any contract in effect on the date of enactment of the amendment.

          SEC. 237.  UTILITY ALLOWANCE.—Section 8(o)(2) of the United States Housing Act of 1937 (42 U.S.C. 1437f(o)(2), is amended—
             by adding at the end the following new subparagraph:

             "(D) UTILITY ALLOWANCE.

                "(1) GENERAL.—In determining the monthly assistance payment for a family under subparagraphs (A) and (B), the amount allowed
                         for tenant-paid utilities shall not exceed the appropriate utility allowance for the family unit size as determined by the
                         public housing agency regardless of the size of the dwelling unit leased by the family.

                "(2) EXCEPTION FOR FAMILIES INCLUDING PERSONS WITH DISABILITIES.—Notwithstanding subparagraph (A), upon request by a family
                         that includes a person with disabilities, the public housing agency shall approve a utility allowance that is higher than
                         the applicable amount on the utility allowance schedule if a higher utility allowance is needed as a reasonable accommodation
                         to make the program accessible to and usable by the family member with a disability."

          SEC. 238.  FAIR MARKET RENTS.—Paragraph (1) of section 8(c) of the United States Housing Act of 1937 (42 U.S.C. 1437) is amended— (a)  by inserting "(A)" after the paragraph designation;
          (b)  by striking the fourth, seventh, eighth, ninth sentences; and
          (c)  by adding at the end the following:
                "(B) Publication of Fair Market Rentals—Not less than annually:

                   "(1) The Secretary shall publish a notice in the Federal Register that proposed fair market rentals for an area have been
                            published on the site of the Department on the Internet and in any other manner specified by the Secretary.  Such notice shall
                            describe proposed material changes in the methodology for estimating fair market rentals and shall provide reasonable time
                            for public comment.

                   "(2) The Secretary shall publish a notice in the Federal Register that final fair market rentals have been published on the
                            site of the Department on the internet and in any other manner specified by the Secretary.  Such notice shall include the
                            final decisions regarding proposed substantial methodological changes for estimating fair market rentals and responses to
                            public comments."

          SEC. 239.  Section 314 of the Department of Housing and Urban Development Appropriations Act, 2006 is repealed. SEC. 240.  Section 255 of the National Housing Act (12 U.S.C. 1715z-20) is amended—
             (a) in subsection (b)(1) by inserting before the period ", except that the term mortgagor shall not include the successors
                      and assigns of the original borrower under a mortgage"; and

             (b) in subsection (j) to read as follows: "(j) SAFEGUARD TO PREVENT DISPLACEMENT OF HOMEOWNER.—In order for a mortgage to
                      be eligible for insurance under this section, the mortgage shall provide that the obligation of the mortgagor to satisfy the
                      loan obligation is deferred until the death of the mortgagor, the sale of the home, or the occurrence of other events specified
                      in regulations of the Secretary. Section 1647(b) of title 15 and any implementing regulations issued by the Board of Governors
                      of the Federal Reserve System shall not apply to a mortgage insured under this section."
          SEC. 241.  HOUSING COUNSELING AMENDMENTS—  (a)  Section 106 of the Housing and Urban Development Act of 1968 (12 U.S.C. 1701x) is amended— (1)  by adding at the end of the section the following new subsection: "(j) FINANCIAL ASSISTANCE.—For purposes of this section,
                      the Secretary may enter into multiyear agreements as is appropriate, subject to the availability of annual appropriations."
             (2)  in subsection (e)(2) by adding the following undesignated matter at the end of paragraph (2): "These standards may provide
                      that an individual may also show competence to provide counseling by having successfully completed training in each of the
                      six areas."; and
             (3)  in subsection (f)— (A)  in paragraph (1), by inserting "or entities" after "(which may be a nonprofit organization)"; and
                (B)  in paragraphs (3) through (6), by inserting "or entities" after the word "entity" each place such word appears.

          (b)  Section 4(g)(3)(A) of the Department of Housing and Urban Development Act (42 U.S.C. 3533(g)(3)(A)) is amended by— (1)  by striking "and" in clause (i);
             (2)  in clause (ii), by striking the period at the end, and inserting "; and"; and
             (3)  by adding the following clause at the end: "(iii) to accept and retain, on behalf of the Secretary, and subject to procedures
                      established by the Secretary, funds from private entities, including mortgage lenders and servicers, and any funds made available
                      to the Director pursuant to the settlement of any legal proceedings, to be distributed and used for housing counseling activities
                      under section 106 of the Housing and Urban Development Act of 1968."
          SEC. 242.  COMMUNITY DEVELOPMENT BLOCK GRANT AMENDMENTS— (a)  Section 102 of the Housing and Community Development Act of 1974 (42 U.S.C. 5302) is amended— (1)  in subsection (a)(4)— (A)  in the second sentence, by striking "Any" and inserting "Through September 30, 2013, but not thereafter, any";
                (B)  by amending the fourth sentence to read, "A city may elect not to maintain its classification as a metropolitan city."; and
                (C)  by striking the fifth sentence; and

             (2)  in subsection (a)(6)(B) by striking "Any" and inserting "Through September 30, 2013, but not thereafter, any".

          (b)   Section 106 of the Housing and Community Development Act of 1974 (42 U.S.C. 5306) is amended by adding at the end the following
                   new subsection:
                "(g) QUALIFICATION FOR A GRANT.—

                   "(1) In general, in fiscal year 2014 and for subsequent fiscal years, once a metropolitan city or urban county receives a
                            formula allocation, it shall receive an allocation for five years regardless of its classification as a metropolitan city,
                            whether it meets the population criteria under section 102(a)(6)(A)(ii), or any decrease in its formula allocation.

                   "(2) Notwithstanding section 106(a)(4)—

                      "(A) except as provided in (B), the Secretary will not make an allocation—

                         "(i) to a metropolitan city or urban county if its allocation falls below 0.0125 percent of the appropriation for three years
                                  during the five year period in paragraph (1);

                         "(ii) for a city, if it does not meet the definition of a metropolitan city in section 102(a)(4) after the five year period;
                                  or

                         "(iii) for a county, if it no longer maintains the population under section 102(a)(6)(A)(ii) after the five year period; and

                      "(B) any metropolitan city or urban county that does not receive a grant in any fiscal year after September 30, 2012, shall
                               only receive a grant in fiscal year 2014 and any subsequent year if its formula allocation is $500,000 or greater.".

          SEC. 243.   PERFORMANCE PARTNERSHIP PILOTS—
             (a) Definitions. In this section,

                (1) "Performance Partnership Pilot" (or "Pilot") is a project that seeks to identify, through a demonstration, cost-effective
                         strategies for providing services at the state, regional, or local level that—

                   (A) involve two or more Federal programs (administered by one or more Federal agencies)—

                      (i) which have related policy goals, and

                      (ii) at least one of which is administered (in whole or in part) by a state, local, or tribal government; and

                   (B) achieve better results for regions, communities, or specific at risk populations through making better use of the budgetary
                            resources that are available for supporting such programs.

                (2) "To improve outcomes for disconnected youth" means to increase the rate at which individuals between the ages of 14 and
                         24 (who are homeless, in foster care, involved in the juvenile justice system, or are neither employed nor enrolled in an
                         educational institution) achieve success in meeting educational, employment or other key goals.

                (3) The "lead Federal administering agency" is the Federal agency, to be designated by the Director of the Office of Management
                         and Budget (from among the participating Federal agencies that have statutory responsibility for the Federal discretionary
                         funds that will be used in a Performance Partnership Pilot) that will enter into and administer the particular Performance
                         Partnership Agreement on behalf of that agency and the other participating Federal agencies.

             (b) Use of Discretionary Funds in Fiscal Year 2014 Appropriations Act. Federal agencies may use Federal discretionary funds,
                      that are made available in this act or any other appropriations act providing funds for Fiscal Year 2014 and corresponding
                      authority to enter into Performance Partnership Pilots, to carry out up to a total of 13 Performance Partnership Pilots involving
                      up to a total of $130,000,000 in aggregate Federal discretionary budget authority.  Such Pilots shall:

                (1) be designed to improve outcomes for disconnected youth, and

                (2) involve Federal programs targeted on disconnected youth, or designed to prevent youth from disconnecting from school or
                         work, that provide education, training and employment, and other related social services; and

             (c) Performance Partnership Agreements. Federal agencies may use Federal discretionary funds, as authorized in subsection
                      (b), to participate in a Performance Partnership Pilot only in accordance with the terms of a Performance Partnership Agreement
                      that—

                (1) is entered into between—

                   (A) the head of the lead Federal administering agency, on behalf of all of the participating Federal agencies (subject to
                            the head of the lead Federal administering agency having received from the heads of each of the other participating agencies
                            their written concurrence for entering into the Agreement), and

                   (B) the respective representatives of all of the state, local or tribal governments that are participating in the Agreement;
                            and

                (2) specifies, at a minimum, the following information:

                   (A) the length of the Agreement (which shall not extend beyond September 30, 2018);

                   (B) the Federal programs and federally-funded services that are involved in the Pilot;

                   (C) the Federal discretionary funds that are being used in the Pilot (by the respective Federal account identifier, and the
                            total amount from such account that is being used in the Pilot), and the period (or periods) of availability for obligation
                            (by the Federal Government) of such funds;

                   (D) the non-Federal funds that are involved in the Pilot, by source (which can include private funds as well as governmental
                            funds) and by amount;

                   (E) the state, local, or tribal programs that are involved in the Pilot;

                   (F) the populations to be served by the Pilot;

                   (G) the cost-effective Federal oversight procedures that will be used for the purpose of maintaining the necessary level of
                            accountability for the use of the Federal discretionary funds;

                   (H) the cost-effective State, local or tribal oversight procedures that will be used for the purpose of maintaining the necessary
                            level of accountability for the use of the Federal discretionary funds;

                   (I) the outcome (or outcomes) that the Pilot is designed to achieve;

                   (J) the appropriate, reliable, and objective outcome-measurement methodology that the Federal Government and the participating
                            state, local, or tribal governments will use, in carrying out the Pilot, to determine whether the Pilot is achieving, and
                            has achieved, the specified outcomes that the Pilot is designed to achieve; and

                   (K) in cases where, during the course of the Pilot, it is determined that the Pilot is not achieving the specified outcomes
                            that it is designed to achieve,

                      (i) the consequences that will result from such deficiencies with respect to the Federal discretionary funds that are being
                               used in the Pilot, and

                      (ii) the corrective actions that will be taken in order to increase the likelihood that the Pilot, upon completion, will have
                               achieved such specified outcomes.

             (d) Agency Head Determinations. A Federal agency may participate in a Performance Partnership Pilot (including by providing
                      Federal discretionary funds that have been appropriated to such agency) only upon the written determination by the head of
                      such agency that the agency's participation in such Pilot—

                (1) will not result in denying or restricting the eligibility of any individual for any of the services that (in whole or
                         in part) are funded by the agency's programs and Federal discretionary funds that are involved in the Pilot, and

                (2) based on the best available information, will not otherwise adversely affect vulnerable populations that are the recipients
                         of such services. In making this determination, the head of the agency may take into consideration the other Federal discretionary
                         funds that will be used in the Pilot as well as any non-Federal funds (including from private sources as well as governmental
                         sources) that will be used in the Pilot.

             (e) Transfer Authority. For the purpose of carrying out the Pilot in accordance with the Performance Partnership Agreement,
                      and subject to the written approval of the Director of the Office of Management and Budget, the head of each participating
                      Federal agency may transfer Federal discretionary funds that are being used in the Pilot to an account of the lead Federal
                      administering agency that includes Federal discretionary funds that are being used in the Pilot. Subject to the waiver authority
                      under subsection (g), such transferred funds shall remain available for the same purposes for which such funds were originally
                      appropriated: Provided, That such transferred funds shall remain available for obligation by the Federal Government until
                      the expiration of those Federal discretionary funds (which are being used in the Pilot) that have the longest period of availability,
                      except that any such transferred funds shall not remain available beyond September 30, 2018.

             (f) Waiver Authority. In connection with a Federal agency's participation in a Performance Partnership Pilot, and subject
                      to the other provisions of this section (including subsection (e)), the head of the Federal agency to which the Federal discretionary
                      funds were appropriated may waive (in whole or in part) the application, solely to such discretionary funds that are being
                      used in the Pilot, of any statutory, regulatory, or administrative requirement that such agency head—

                (1) is otherwise authorized to waive (in accordance with the terms and conditions of such other authority), and

                (2) is not otherwise authorized to waive, provided that in such case the agency head, prior to granting the waiver, shall—

                   (A) not waive any requirement related to nondiscrimination, wage and labor standards, or allocation of funds to State and
                            substate levels;

                   (B) issue a written determination with respect to such discretionary funds that the granting of such waiver for purposes of
                            the Pilot—

                      (i) is consistent with both—

                         (I) the statutory purposes of the Federal program for which such discretionary funds were appropriated, and

                         (II) the other provisions of this section, including the written determination by the agency head issued under subsection
                                  (e);

                      (ii) is necessary to achieve the outcomes of the Pilot as specified in the Performance Partnership Agreement, and is no broader
                               in scope than is necessary to achieve such outcomes; and

                      (iii) will result in either—

                         (I) realizing efficiencies by simplifying reporting burdens or reducing administrative barriers with respect to such discretionary
                                  funds, or

                         (II) increasing the ability of individuals to obtain access to services that are provided by such discretionary funds; and

                   (C) provide at least 60 days advance written notice to the Committees on Appropriations and other committees of jurisdiction
                            in the House of Representatives and the Senate.