[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 Demonstration
For 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 assistance
For activities and assistance for the provision of tenant-based rental assistance authorized under the United States Housing
Act of 1937, as amended (42 U.S.C. 1437 et seq.) ("the Act'' herein), not otherwise provided for, $15,989,216,000, 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 assistance
For 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 Fund
For the Public Housing Capital Fund Program to carry out capital and management activities for public housing agencies, as
authorized under section 9 of the United States Housing Act of 1937 (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 Fund
For 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 Initiative
For 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-Sufficiency
For 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 Grants
For the Native American Housing Block Grants program, as authorized under title I of the Native American Housing Assistance
and Self-Determination Act of 1996 (NAHASDA) (25 U.S.C. 4111 et seq.), $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 Grant
For the Native Hawaiian Housing Block Grant program, as authorized under title VIII of the Native American Housing Assistance
and Self-Determination Act of 1996 (25 U.S.C. 4111 et seq.), $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 Account
For the cost of guaranteed loans, as authorized by section 184 of the Housing and Community Development Act of 1992 (12 U.S.C.
1715z), $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 aids
For carrying out the Housing Opportunities for Persons with AIDS program, as authorized by the AIDS Housing Opportunity Act
(42 U.S.C. 12901 et seq.), $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 Fund
For 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 Communities
Unobligated 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 Program
For 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 Building
Of 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 Elderly
For 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 Disabilities
For 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 Assistance
For 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 Assistance
For amendments to contracts under section 101 of the Housing and Urban Development Act of 1965 (12 U.S.C. 1701s) and section
236(f)(2) of the National Housing Act (12 U.S.C. 1715z–1) in State-aided, 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 Fund
For 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 Account
New commitments to issue guarantees to carry out the purposes of section 306 of the National Housing Act, as amended (12 U.S.C.
1721(g)), shall not exceed $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 Technology
For contracts, grants, and necessary expenses of programs of research and studies relating to housing and urban problems,
not otherwise provided for, as authorized by title V of the Housing and Urban Development Act of 1970 (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 Activities
For contracts, grants, and other assistance, not otherwise provided for, as authorized by title VIII of the Civil Rights Act
of 1968, as amended by the Fair Housing Amendments Act of 1988, and section 561 of the Housing and Community Development Act
of 1987, as amended, $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 Reduction
For 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 Offices
For 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 Offices
For 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 housing
For 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 Development
For 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
Housing
For 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 Research
For 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 Opportunity
For 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 Control
For 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 General
For 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 Portfolio
For 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.