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

             <h1>DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

             </h1>

          DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

             Public and Indian Housing Programs

             Federal Funds
             Rental Assistance DemonstrationFor continuing activities under the heading "Rental Assistance Demonstration" in the Department of Housing and Urban Development
                Appropriations Act, 2012 (Public Law 112–55), and in accordance with priorities established by the Secretary, $10,000,000,
                to remain available through September 30, 2018: 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).
          Program and Financing (in millions of dollars)

                      Identification code 86–0406–0–1–604
                      2013 actual
                      2014 est.
                      2015 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 2015, 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.

             While the Department will continue to process no-cost conversions in 2015, 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 5,000 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:
                (1) eliminates the 60,000 unit cap on Public Housing and Section 8 Mod Rehab conversions and extends the application deadline
                for such conversions to September 30, 2018; (2) makes Section 8 Mod Rehab Single Room Occupancy properties eligible for RAD;
                (3) extends the sunset date on conversions of Rent Supp, RAP and Mod Rehab properties under the second component of RAD to
                September 30, 2016; and (4) authorizes the conversion of Rent Supp and RAP properties to PBRA contracts. These proposals are
                included in the general provisions at the end of this budget chapter.

             Tenant-Based Rental AssistanceFor activities and assistance for the provision of tenant-based rental assistance authorized under the United States Housing
             Act of 1937, as amended (42 U.S.C. 1437 et seq.) ("the Act'' herein), not otherwise provided for, [$15,177,218,000] $16,045,000,000, to remain available until [expended] September 30, 2017, shall be available on October 1, [2013] 2014 (in addition to the $4,000,000,000 previously appropriated under this heading that became available on October 1, [2013] 2014), and $4,000,000,000, to remain available until [expended] September 30, 2018, shall be available on October 1, [2014] 2015: Provided, That the amounts made available under this heading are provided as follows:

          (1) [$17,365,527,000] $18,006,550,000 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] 2015 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, and Choice Neighborhoods vouchers: Provided further, That in determining calendar year [2014] 2015 funding allocations 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 medical expense threshold, targeting and utility allowances, on public housing agencies' contract renewal needs: [Provided further, That none of the funds provided under this paragraph may be used to fund a total number of unit months under lease which
             exceeds a public housing agency's authorized level of units under contract, except for public housing agencies participating
             in the Moving to Work (MTW) demonstration, which are instead governed by the terms and conditions of their MTW agreements:] 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 paragraph), 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 paragraph) 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] 2015: Provided further, That the Secretary may extend the notification period with the [prior written approval] notification of 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] 2015 allocations based on the excess amounts of public housing agencies' net restricted assets accounts, including HUD held programmatic
             reserves (in accordance with VMS data in calendar year [2013] 2014 that is verifiable and complete), as determined 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 2015 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 $75,000,000 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;
             [and] (4) 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 a result of insufficient funding: Provided further, That the Secretary shall allocate amounts under the previous proviso based on need, as determined by the Secretary; and (5) 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;
          (2) [$130,000,000] $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 and Choice Neighborhood 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 may only provide replacement vouchers for units that were occupied within the previous 24 months that
             cease to be available as assisted housing, subject only to the availability of funds: [Provided further, That of the amounts made available under this paragraph, $5,000,000 may be available to provide tenant protection assistance,
             not otherwise provided under this paragraph, to residents residing in low vacancy areas and who may have to pay rents greater
             than 30 percent of household income, as the result of (1) the maturity of a HUD-insured, HUD-held or section 202 loan that
             requires the permission of the Secretary prior to loan prepayment; (2) the expiration of a rental assistance contract for
             which the tenants are not eligible for enhanced voucher or tenant protection assistance under existing law; or (3) the expiration
             of affordability restrictions accompanying a mortgage or preservation program administered by the Secretary: Provided further, That such tenant protection assistance made available under the previous proviso may be provided under the authority of
             section 8(t) or section 8(o)(13) of the United States Housing Act of 1937 (42 U.S.C. 1437f(t)): Provided further, That the Secretary shall issue guidance to implement the previous provisos, including, but not limited to, requirements
             for defining eligible at-risk households within 120 days of the enactment of this Act;] Provided further, That any tenant protection voucher made available from amounts under this paragraph shall not be reissued
                by any public housing agency, except the replacement vouchers as defined by the Secretary by notice, when the initial family
                that received any such voucher no longer receives such voucher, and the authority for any public housing agency to issue any
                such voucher shall cease to exist: Provided further, That the Secretary, for the purpose 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) [$1,500,000,000] $1,705,000,000 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 [$15,000,000] $10,000,000 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 [$1,485,000,000] $1,695,000,000 of the amount provided in this paragraph shall be allocated to public housing agencies for the calendar year [2014] 2015 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, including special purpose vouchers, 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) [$106,691,000] $108,450,000 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;
             Provided further, That the Secretary may provide assistance provided under this paragraph to Indian tribes and tribally designated
                housing entities that are eligible to receive block grant assistance under the Native American Housing Assistance and Self-Determination
                Act of 1996, based on factors such as need, capacity, and partnership with the local VA Medical Center or other entities in
                collaboration with the Department of Veteran Affairs, as determined by the Secretary to provide rental assistance for the
                benefit of homeless Native American veterans located on a reservation or other Indian areas; and

          (6) The Secretary shall separately track all special purpose vouchers funded under this heading. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0302–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Tenant Protection
                      84
                      136
                      150

                      0002
                      Administrative Fees
                      1,384
                      1,516
                      1,705

                      0003
                      Family Self Sufficiency Coordinators
                      4
                      57

                      0006
                      Contract Renewals
                      16,247
                      17,474
                      17,990

                      0007
                      Rental Assistance Demonstration

                      70

                      0008
                      Veterans Affairs Supportive Housing Vouchers
                      68
                      83
                      75

                      0012
                      Disaster Housing Assistance Program

                      2

                      0013
                      Section 811 Mainstream Vouchers
                      110
                      136
                      108

                      0900
                      Total new obligations (object class 41.0)
                      17,897
                      19,402
                      20,100

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      154
                      225

                      1021
                      Recoveries of prior year unpaid obligations
                      4

                      1050
                      Unobligated balance (total)
                      158
                      225

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      14,939
                      15,177
                      16,045

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –15

                      1121
                      Appropriations transferred from other accts [86–0304]

                      18

                      1121
                      Appropriations transferred from other accts [86–0163]

                      52

                      1130
                      Appropriations permanently reduced
                      –975

                      1160
                      Appropriation, discretionary (total)
                      13,964
                      15,177
                      16,100

                      Advance appropriations, discretionary:

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

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

                      1900
                      Budget authority (total)
                      17,964
                      19,177
                      20,100

                      1930
                      Total budgetary resources available
                      18,122
                      19,402
                      20,100

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      225

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      2,008
                      1,879
                      2,267

                      3010
                      Obligations incurred, unexpired accounts
                      17,897
                      19,402
                      20,100

                      3020
                      Outlays (gross)
                      –18,022
                      –19,014
                      –19,963

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –4

                      3050
                      Unpaid obligations, end of year
                      1,879
                      2,267
                      2,404

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      2,008
                      1,879
                      2,267

                      3200
                      Obligated balance, end of year
                      1,879
                      2,267
                      2,404

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      17,964
                      19,177
                      20,100

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      15,022
                      17,073
                      17,869

                      4011
                      Outlays from discretionary balances
                      3,000
                      1,941
                      2,094

                      4020
                      Outlays, gross (total)
                      18,022
                      19,014
                      19,963

                      4180
                      Budget authority, net (total)
                      17,964
                      19,177
                      20,100

                      4190
                      Outlays, net (total)
                      18,022
                      19,014
                      19,963

             The 2015 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 extremely low and 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.

             The Budget provides sufficient funding for contract renewals to not only continue assistance for families anticipated to be
                under lease in 2014, including renewing over 14,000 vouchers for persons with disabilities, the Budget restores reductions
                in assisted housing units that resulted from the 2013 sequestration funding cut. In addition, the Budget includes $75 million
                for 10,000 new vouchers for homeless veterans through the HUD-Veteran Affairs Supportive Housing (HUD-VASH) program that will
                contribute to the goal of ending homelessness among veterans by 2015. The Budget also allows HUD to allocate HUD-VASH funding
                to eligible, high capacity Native American Housing Block Grant recipients to specifically address needs of Native American
                homeless veterans on tribal lands. The Budget requests $150 million for tenant protection vouchers (TPVs), 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. While HUD will continue to issue TPVs to protect residents
                from any adverse actions, the Budget requests new authority to ensure that the allocation of TPVs for housing conversions
                do not result in a net gain of affordable housing resources for a community that go beyond replacing vouchers for the loss
                of affordable units.

             The Budget supports additional legislative reforms to HUD's core rental assistance programs, including: (1) Expanding the
                Moving to Work program to high capacity PHAs; (2) Allowing fixed-income families to recertify their incomes every three years;
                and (3) Increasing the threshold used to determine deductions for unreimbursed medical expenses from 3 to 10 percent of family
                income. In addition to these crosscutting reforms, the Budget proposes the following reforms to the Housing Choice Voucher
                program: (1) Improving the Project Based Voucher Program; (2) Addressing homelessness through expansion of the sponsor-based
                assistance model; and (3) Streamlining the process for establishing annual Fair Market Rents. The Administration also continues
                to improve the management of the Housing Choice Voucher program by developing the Next Generation Management System, which
                will 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 2014.

             Housing Certificate Fund
             (including [rescissions] cancellations)
             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] 2015 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 [shall be rescinded] are hereby permanently cancelled: Provided further, That amounts heretofore 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 [rescinded] permanently cancelled, and an amount of additional new budget authority, equivalent to the amount [rescinded] permanently cancelled is hereby appropriated, to remain available until expended, for the purposes set forth under this heading, in addition to
             amounts otherwise available. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0319–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Contract Renewals

                      35
                      20

                      0002
                      Contract Administrators

                      116

                      0900
                      Total new obligations (object class 41.0)

                      151
                      20

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      24
                      116

                      1021
                      Recoveries of prior year unpaid obligations
                      124
                      41
                      23

                      1029
                      Other balances withdrawn
                      –32
                      –6
                      –3

                      1050
                      Unobligated balance (total)
                      116
                      151
                      20

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      81
                      26
                      15

                      1131
                      Unobligated balance of appropriations permanently reduced (HCF funds)
                      –81
                      –26
                      –15

                      1930
                      Total budgetary resources available
                      116
                      151
                      20

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      116

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      2,130
                      1,527
                      1,311

                      3010
                      Obligations incurred, unexpired accounts

                      151
                      20

                      3020
                      Outlays (gross)
                      –479
                      –326
                      –199

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –124
                      –41
                      –23

                      3050
                      Unpaid obligations, end of year
                      1,527
                      1,311
                      1,109

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      2,130
                      1,527
                      1,311

                      3200
                      Obligated balance, end of year
                      1,527
                      1,311
                      1,109

                      Budget authority and outlays, net:

                      Discretionary:

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      479
                      326
                      199

                      4190
                      Outlays, net (total)
                      479
                      326
                      199

             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.

             Public Housing Capital FundFor the Public Housing Capital Fund Program to carry out capital and management activities for public housing agencies, as
             authorized under section 9 of the United States Housing Act of 1937 (42 U.S.C. 1437g) (the "Act'') [$1,875,000,000] $1,925,000,000, to remain available until September 30, [2017] 2018: Provided, That notwithstanding any other provision of law or regulation, during fiscal year [2014] 2015 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 up to $5,000,000 shall be to support the costs of administrative and judicial receiverships: 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 [including safety and security measures necessary to address crime and drug-related activity as well as 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 of the total amount provided under this heading $45,000,000 shall be for supportive services, service coordinator and
             congregate services as authorized by section 34 of the Act (42 U.S.C. 1437z-6) and the Native American Housing Assistance
             and Self-Determination Act of 1996 (25 U.S.C. 4101 et seq.)] 2015: Provided further, That of the total amount made available under this heading, up to [$15,000,000] $25,000,000 may be used for incentives as part of a Jobs-Plus Pilot initiative modeled after the Jobs-Plus demonstration: Provided further, That the funding provided under the previous proviso 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 applicants must demonstrate the ability to provide services to residents, partner with workforce investment boards,
             and leverage service dollars: [Provided further, That the Secretary may set aside a portion of the funds provided for the Resident Opportunity and Self-Sufficiency program
             to support the services element of the Jobs-Plus Pilot initiative:] Provided further, That the Secretary may allow PHAs to request exemptions from rent and income limitation requirements under sections 3 and
             6 of the United States Housing Act of 1937 as necessary to implement the Jobs-Plus program, on such terms and conditions as
             the Secretary may approve 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 as a voluntary program for residents: 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: Provided further, That from the funds made available under this heading, the Secretary shall provide bonus awards in fiscal year [2014] 2015 to public housing agencies that are designated high performers. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0304–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Capital Grants
                      1,705
                      1,807
                      1,821

                      0002
                      Technical Assistance
                      1
                      1

                      0003
                      Emergency/Disaster Reserve
                      27
                      28
                      20

                      0006
                      Resident Opportunities and Supportive Services
                      31
                      62

                      0007
                      Administrative Receivership
                      3
                      17
                      5

                      0008
                      Financial and Physical Assessment Support
                      9
                      27
                      8

                      0010
                      Jobs-Plus Pilot

                      15
                      25

                      0900
                      Total new obligations (object class 41.0)
                      1,776
                      1,957
                      1,879

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      86
                      82

                      1001
                      Discretionary unobligated balance brought fwd, Oct 1
                      86

                      1020
                      Adjustment of unobligated bal brought forward, Oct 1
                      1

                      1021
                      Recoveries of prior year unpaid obligations
                      12

                      1029
                      Other balances withdrawn
                      –17

                      1050
                      Unobligated balance (total)
                      82
                      82

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      1,875
                      1,875
                      1,925

                      1120
                      Appropriations transferred to other accts [86–0303]

                      –18

                      1120
                      Appropriations transferred to other accts [86–0302]

                      –18

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –10

                      1130
                      Appropriations permanently reduced
                      –98

                      1160
                      Appropriation, discretionary (total)
                      1,777
                      1,875
                      1,879

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      1

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

                      1900
                      Budget authority (total)
                      1,778
                      1,875
                      1,879

                      1930
                      Total budgetary resources available
                      1,860
                      1,957
                      1,879

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –2

                      1941
                      Unexpired unobligated balance, end of year
                      82

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      4,688
                      4,257
                      4,193

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

                      3010
                      Obligations incurred, unexpired accounts
                      1,776
                      1,957
                      1,879

                      3011
                      Obligations incurred, expired accounts
                      1

                      3020
                      Outlays (gross)
                      –2,185
                      –2,021
                      –2,231

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –12

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –9

                      3050
                      Unpaid obligations, end of year
                      4,257
                      4,193
                      3,841

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      4,686
                      4,257
                      4,193

                      3200
                      Obligated balance, end of year
                      4,257
                      4,193
                      3,841

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      1,777
                      1,875
                      1,879

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      20
                      21
                      21

                      4011
                      Outlays from discretionary balances
                      2,121
                      2,000
                      2,210

                      4020
                      Outlays, gross (total)
                      2,141
                      2,021
                      2,231

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources
                      –2

                      Additional offsets against gross budget authority only:

                      4052
                      Offsetting collections credited to expired accounts
                      2

                      4070
                      Budget authority, net (discretionary)
                      1,777
                      1,875
                      1,879

                      4080
                      Outlays, net (discretionary)
                      2,139
                      2,021
                      2,231

                      Mandatory:

                      4090
                      Budget authority, gross
                      1

                      Outlays, gross:

                      4101
                      Outlays from mandatory balances
                      44

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4123
                      Non-Federal sources
                      –1

                      4180
                      Budget authority, net (total)
                      1,777
                      1,875
                      1,879

                      4190
                      Outlays, net (total)
                      2,182
                      2,021
                      2,231

             The Budget proposes $1.925 billion for the Public Housing Capital Fund, a formula program designed to address the capital
                and management improvement needs 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 $1.8 billion will fund capital
                grants to Public Housing Authorities (PHAs). The balance includes: up to $25 million for Jobs-Plus, an evidence-based strategy
                for increasing the employment and earnings of public housing residents; up to $20 million for emergency capital needs resulting
                from non-Presidentially declared emergencies and natural disasters; up to $8 million for financial and physical assessments
                of Public Housing and other HUD-assisted properties; and up to $5 million for administrative and judicial receiverships to
                assist PHAs recovering from serious financial, physical, or management problems.

             Public Housing Operating FundFor [2014] 2015 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)), [$4,400,000,000 : 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 to flat rents on public housing agencies'
             formula income levels] $4,600,000,000. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0163–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Operating Subsidy
                      4,058
                      4,399
                      4,486

                      0900
                      Total new obligations (object class 41.0)
                      4,058
                      4,399
                      4,486

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      7
                      3

                      1029
                      Other balances withdrawn

                      –3

                      1050
                      Unobligated balance (total)
                      7

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      4,262
                      4,400
                      4,600

                      1120
                      Appropriations transferred to other accts [86–0302]

                      –52

                      1120
                      Appropriations transferred to other accts [86–0303]

                      –1
                      –52

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –10

                      1130
                      Appropriations permanently reduced
                      –208

                      1160
                      Appropriation, discretionary (total)
                      4,054
                      4,399
                      4,486

                      1900
                      Budget authority (total)
                      4,054
                      4,399
                      4,486

                      1930
                      Total budgetary resources available
                      4,061
                      4,399
                      4,486

                      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
                      1,048
                      1,035
                      1,210

                      3010
                      Obligations incurred, unexpired accounts
                      4,058
                      4,399
                      4,486

                      3020
                      Outlays (gross)
                      –4,068
                      –4,224
                      –4,462

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –3

                      3050
                      Unpaid obligations, end of year
                      1,035
                      1,210
                      1,234

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1,048
                      1,035
                      1,210

                      3200
                      Obligated balance, end of year
                      1,035
                      1,210
                      1,234

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      4,054
                      4,399
                      4,486

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      3,032
                      3,189
                      3,252

                      4011
                      Outlays from discretionary balances
                      1,036
                      1,035
                      1,210

                      4020
                      Outlays, gross (total)
                      4,068
                      4,224
                      4,462

                      4180
                      Budget authority, net (total)
                      4,054
                      4,399
                      4,486

                      4190
                      Outlays, net (total)
                      4,068
                      4,224
                      4,462

             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. The Budget also proposes numerous 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 two proposals 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; and (2) establishes a utilities conservation pilot to encourage
                PHAs to undertake energy conservation measures and reduce Federal costs. The first proposal is reflected in the general provisions
                at the end of this budget chapter while the second proposal will be included in authorizing legislation to be submitted to
                Congress in the spring of 2014.

             Drug Elimination Grants for Low-income Housing

             Program and Financing (in millions of dollars)

                      Identification code 86–0197–0–1–604
                      2013 actual
                      2014 est.
                      2015 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

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

             Choice Neighborhoods InitiativeFor competitive grants [under the Choice Neighborhoods Initiative (subject to section 24 of the United States Housing Act of 1937 (42 U.S.C. 1437v),
             unless otherwise specified under this heading),] 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, [$90,000,000] $120,000,000, to remain available until September 30, [2016] 2017: Provided, That grant funds may be used for resident and community services, community development, and affordable housing needs in
             the community, and for conversion of vacant or foreclosed properties to affordable housing: [Provided further, That the use of funds made available under this heading shall not be deemed to be public housing notwithstanding section
             3(b)(1) of such Act:] Provided further, That grantees shall commit to an additional period of affordability determined by the Secretary of 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 of the amount provided, not less than $55,000,000 shall be awarded to public housing authorities] Provided further, That, for purposes of environmental review, a grantee shall be treated as a public housing agency under
                Section 26 of the United States Housing Act of 1937 (42 U.S.C 1437x), and grants under this heading shall be subject to the
                regulations issued by the Secretary to implement such section: 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: [Provided further, That no more than $5,000,000 of funds made available under this heading may be provided to assist communities in developing
             comprehensive strategies for implementing this program or implementing other revitalization efforts in conjunction with community
             notice and input: Provided further, That the Secretary shall develop and publish guidelines for the use of such competitive funds, including but not limited
             to eligible activities, program requirements, and performance metrics] Provided further, That unobligated balances remaining from funds appropriated under this heading and the heading "Revitalization
                of Severely Distressed Public Housing (HOPE VI)" in fiscal year 2014 and prior fiscal years may be used for purposes under
                this heading notwithstanding the purposes for which such amounts were appropriated.  (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0349–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Choice Neighborhoods Grants
                      118
                      161
                      164

                      0900
                      Total new obligations (object class 41.0)
                      118
                      161
                      164

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      120
                      116
                      45

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      120
                      90
                      120

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –1

                      1130
                      Appropriations permanently reduced
                      –6

                      1160
                      Appropriation, discretionary (total)
                      114
                      90
                      119

                      1930
                      Total budgetary resources available
                      234
                      206
                      164

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      116
                      45

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1
                      118
                      243

                      3010
                      Obligations incurred, unexpired accounts
                      118
                      161
                      164

                      3020
                      Outlays (gross)
                      –1
                      –36
                      –63

                      3050
                      Unpaid obligations, end of year
                      118
                      243
                      344

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1
                      118
                      243

                      3200
                      Obligated balance, end of year
                      118
                      243
                      344

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      114
                      90
                      119

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      1
                      36
                      63

                      4180
                      Budget authority, net (total)
                      114
                      90
                      119

                      4190
                      Outlays, net (total)
                      1
                      36
                      63

             The Budget proposes $120 million for Choice Neighborhoods to continue the transformation of neighborhoods of concentrated
                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. The Budget will fund
                3–4 implementation grants and up to 20 planning grants.

             Choice Neighborhoods also supports the Administration's Promise Zones initiative, which is creating partnerships between the
                Federal government, local communities and businesses to create jobs, increase economic activity, reduce violence and expand
                educational opportunities. The President announced the first five Promise Zones in January 2014 and will designate an additional
                15 Zones in the year ahead. The Budget includes companion investments of $100 million in the Department of Education's Promise
                Neighborhoods program and $29.5 million in the Department of Justice's Byrne Criminal Justice Innovation Grants program, as
                well as tax incentives to promote investment and economic growth in the Zones.

             Revitalization of Severely Distressed Public Housing (HOPE VI)

             Program and Financing (in millions of dollars)

                      Identification code 86–0218–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Grants and Technical Assistance
                      2

                      5

                      0900
                      Total new obligations (object class 41.0)
                      2

                      5

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      7
                      5
                      5

                      1930
                      Total budgetary resources available
                      7
                      5
                      5

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      5
                      5

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      545
                      383
                      253

                      3010
                      Obligations incurred, unexpired accounts
                      2

                      5

                      3020
                      Outlays (gross)
                      –159
                      –130
                      –110

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –5

                      3050
                      Unpaid obligations, end of year
                      383
                      253
                      148

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      545
                      383
                      253

                      3200
                      Obligated balance, end of year
                      383
                      253
                      148

                      Budget authority and outlays, net:

                      Discretionary:

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      159
                      130
                      110

                      4190
                      Outlays, net (total)
                      159
                      130
                      110

             The HOPE VI program, in coordination with funding from the Public Housing Capital Fund, has accomplished its goal of contributing
                to the demolition of approximately 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 located.

             Family Self-SufficiencyFor the Family Self-Sufficiency program to support family self-sufficiency coordinators under section 23 of the United States
             Housing Act of 1937, to promote the development of local strategies to coordinate the use of assistance under sections [8(o)] 8 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 under subsections b(3), b(4), b(5), or c(1) of section 23 of such Act in order for public housing agencies, owners and the Department to administer and to facilitate the operation of a unified self-sufficiency program for individuals receiving assistance under different provisions
             of the Act, as determined by the Secretary. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0350–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Family Self-Sufficiency

                      75
                      75

                      0900
                      Total new obligations (object class 41.0)

                      75
                      75

                      Budgetary Resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation

                      75
                      75

                      1160
                      Appropriation, discretionary (total)

                      75
                      75

                      1930
                      Total budgetary resources available

                      75
                      75

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      75

                      3010
                      Obligations incurred, unexpired accounts

                      75
                      75

                      3020
                      Outlays (gross)

                      –75

                      3050
                      Unpaid obligations, end of year

                      75
                      75

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year

                      75

                      3200
                      Obligated balance, end of year

                      75
                      75

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross

                      75
                      75

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances

                      75

                      4180
                      Budget authority, net (total)

                      75
                      75

                      4190
                      Outlays, net (total)

                      75

             The Budget requests $75 million for a consolidated Family Self-Sufficiency (FSS) Program to help Housing Choice Voucher, Public
                Housing, and Project-Based Rental Assistance (PBRA) residents achieve self-sufficiency and economic independence. The newly
                consolidated 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) and PBRA owners to support
                service coordinators. The consolidated FSS program for Housing Choice Voucher and Public Housing families enables PHAs to
                more uniformly serve both programs' residents. Expanding eligibility to PBRA properties gives interested PBRA owners the ability
                to work with their local PHAs with existing FSS programs and/or implement their own FSS program to serve work-able families
                in this asset-building program. In addition, opening participation to PBRA owners would support Public Housing residents already
                enrolled in the FSS program during conversions through the Rental Assistance Demonstration (RAD).

             Native American Housing Block GrantsFor the Native American Housing Block Grants program, as authorized under title I of the Native American Housing Assistance
             and Self-Determination Act of 1996 (NAHASDA) (25 U.S.C. 4111 et seq.), $650,000,000, to remain available until September 30,
             [2018] 2019: Provided, That, notwithstanding the Native American Housing Assistance and Self-Determination Act of 1996, to determine the amount
             of the allocation under title I of such Act for each Indian tribe, the Secretary shall apply the formula under section 302
             of such Act with the need component based on single-race census data and with the need component based on multi-race census
             data, and the amount of the allocation for each Indian tribe shall be the greater of the two resulting allocation amounts:
             [Provided further, That of the amounts made available under this heading, $3,000,000 shall be contracted for assistance for national or regional
             organizations representing Native American housing interests for providing training and technical assistance to Indian housing
             authorities and tribally designated housing entities as authorized under NAHASDA; and $2,000,000 shall be to support the inspection
             of Indian housing units, contract expertise, training, and technical assistance in the training, oversight, and management
             of such Indian housing and tenant-based assistance, including up to $300,000 for related travel:] 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: Provided further, That [the Department will notify grantees of their formula allocation within 60 days of the date of enactment of this Act] notwithstanding section 302(d) of NAHASDA, if on January 1, 2015, a recipient's total amount of undisbursed block grants
                in the Department's line of credit control system is greater than three times the formula allocation it would otherwise receive
                under this heading, the Secretary shall adjust that recipient's formula allocation down by the difference between its total
                amount of undisbursed block grants in the Department's line of credit control system on January 1, 2015, and three times the
                formula allocation it would otherwise receive: Provided further, That grant amounts not allocated to a recipient pursuant
                to the previous proviso shall be allocated under the need component of the formula proportionately among all other Indian
                tribes not subject to an adjustment: Provided further, That the two previous provisos shall not apply to any Indian tribe
                that would otherwise receive a formula allocation of less than $5,000,000: Provided further, That to take effect, the three
                previous provisos do not require the issuance of any regulation. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0313–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0010
                      Indian Housing Block Grants
                      616
                      668
                      645

                      0011
                      Technical Assistance
                      6
                      4
                      3

                      0015
                      National and Regional Organizations
                      2
                      3
                      2

                      0091
                      Direct program activities, subtotal
                      624
                      675
                      650

                      Credit program obligations:

                      0702
                      Loan guarantee subsidy
                      2
                      3
                      3

                      0707
                      Reestimates of loan guarantee subsidy
                      1
                      1

                      0791
                      Direct program activities, subtotal
                      3
                      4
                      3

                      0900
                      Total new obligations (object class 41.0)
                      627
                      679
                      653

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      45
                      38
                      9

                      1001
                      Discretionary unobligated balance brought fwd, Oct 1
                      45

                      1021
                      Recoveries of prior year unpaid obligations
                      2

                      1050
                      Unobligated balance (total)
                      47
                      38
                      9

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      650
                      650
                      650

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –3

                      1130
                      Appropriations permanently reduced
                      –34

                      1160
                      Appropriation, discretionary (total)
                      616
                      650
                      647

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      2

                      1260
                      Appropriations, mandatory (total)
                      2

                      1900
                      Budget authority (total)
                      618
                      650
                      647

                      1930
                      Total budgetary resources available
                      665
                      688
                      656

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      38
                      9
                      3

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1,105
                      1,002
                      1,027

                      3010
                      Obligations incurred, unexpired accounts
                      627
                      679
                      653

                      3020
                      Outlays (gross)
                      –728
                      –654
                      –587

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –2

                      3050
                      Unpaid obligations, end of year
                      1,002
                      1,027
                      1,093

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1,105
                      1,002
                      1,027

                      3200
                      Obligated balance, end of year
                      1,002
                      1,027
                      1,093

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      616
                      650
                      647

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      218
                      192
                      191

                      4011
                      Outlays from discretionary balances
                      508
                      462
                      396

                      4020
                      Outlays, gross (total)
                      726
                      654
                      587

                      Mandatory:

                      4090
                      Budget authority, gross
                      2

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      2

                      4180
                      Budget authority, net (total)
                      618
                      650
                      647

                      4190
                      Outlays, net (total)
                      728
                      654
                      587

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

                      Identification code 86–0313–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Guaranteed loan levels supportable by subsidy budget authority:

                      215001
                      Title VI Indian Federal Guarantees Program
                      16
                      25
                      27

                      215999
                      Total loan guarantee levels
                      16
                      25
                      27

                      Guaranteed loan subsidy (in percent):

                      232001
                      Title VI Indian Federal Guarantees Program
                      10.91
                      12.10
                      11.21

                      232999
                      Weighted average subsidy rate
                      10.91
                      12.10
                      11.21

                      Guaranteed loan subsidy budget authority:

                      233001
                      Title VI Indian Federal Guarantees Program
                      2
                      3
                      3

                      233999
                      Total subsidy budget authority
                      2
                      3
                      3

                      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
                      1

                      235999
                      Total upward reestimate budget authority
                      2
                      1

                      Guaranteed loan downward reestimates:

                      237001
                      Title VI Indian Federal Guarantees Program
                      –3
                      –2

                      237999
                      Total downward reestimate subsidy budget authority
                      –3
                      –2

             The Budget proposes $650 million for the Native American Housing Block Grant program. This program allocates funds on a formula
                basis to Indian tribes and their designated housing entities to help them address housing and other needs within their communities.
                In 2013, out of a population of 1.6 million American Indians and Alaska Natives in block grant formula areas, it is estimated
                that more than 100,000 households were either overcrowded or lacked adequate plumbing or kitchen facilities.

             For several reasons, including the significant unmet needs in Indian Country, it is important that grantees spend program
                funds in a timely manner and avoid accumulating excessive undisbursed balances from prior-year grants. The Budget proposes
                to withhold funding from any grantee that, on January 1, 2015, has a total undisbursed balance greater than three times the
                funding allocation it would otherwise receive in 2015. This proposal will not affect grantees with funding allocations below
                $5 million, and any funds withheld will be allocated among all other grantees in accordance with the need component of the
                formula.

             The Budget also proposes several legislative reforms to improve the allocation of grant funds and strengthen program oversight,
                including: (1) phasing out of the formula homeownership units developed under the U.S. Housing Act of 1937; (2) strengthening
                HUD's authority to temporarily suspend recipients' access to grant funds to ensure the lawful expenditure of those funds;
                and (3) clarifying HUD's authority to take back funds distributed based on inaccurate information. These reforms will be transmitted
                to Congress in the spring of 2014.

             Within the total amount requested, $2 million is for the Title VI loan guarantee program. The Title VI program provides a
                Federal guarantee of notes or other obligations issued by Indian tribes or tribally designated housing entities for the purpose
                of financing affordable housing activities. Combined with $1 million in prior-year funds, the amount requested is sufficient
                to guarantee $27 million in loans.

              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.

             Title VI Indian Federal Guarantees Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4244–0–3–604
                      2013 actual
                      2014 est.
                      2015 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
                      3
                      2

                      0743
                      Interest on downward reestimates
                      1
                      1

                      0900
                      Total new obligations
                      4
                      5
                      2

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      12
                      12
                      9

                      Financing authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      4
                      2
                      2

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

                      1930
                      Total budgetary resources available
                      16
                      14
                      11

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      12
                      9
                      9

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      1
                      3

                      3010
                      Obligations incurred, unexpired accounts
                      4
                      5
                      2

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

                      3050
                      Unpaid obligations, end of year
                      1
                      3
                      2

                      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

                      2

                      3200
                      Obligated balance, end of year

                      2
                      1

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      4
                      2
                      2

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      3
                      3
                      3

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Federal sources
                      –4
                      –2
                      –1

                      4122
                      Interest on uninvested funds

                      –1

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

                      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
                      2013 actual
                      2014 est.
                      2015 est.

                      Position with respect to appropriations act limitation on commitments:

                      2111
                      Limitation on guaranteed loans made by private lenders
                      20
                      17
                      17

                      2121
                      Limitation available from carry-forward
                      46
                      50
                      42

                      2143
                      Uncommitted limitation carried forward
                      –50
                      –42
                      –32

                      2150
                      Total guaranteed loan commitments
                      16
                      25
                      27

                      2199
                      Guaranteed amount of guaranteed loan commitments
                      16
                      25
                      27

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      135
                      143
                      154

                      2231
                      Disbursements of new guaranteed loans
                      12
                      18
                      22

                      2251
                      Repayments and prepayments
                      –4
                      –5
                      –5

                      2263
                      Adjustments: Terminations for default that result in claim payments

                      –2
                      –2

                      2290
                      Outstanding, end of year
                      143
                      154
                      169

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      143
                      154
                      169

             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 1998 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
                      2012 actual
                      2013 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

             Native Hawaiian Housing Block GrantFor the Native Hawaiian Housing Block Grant program, as authorized under title VIII of the Native American Housing Assistance
             and Self-Determination Act of 1996 (25 U.S.C. 4111 et seq.),  [$10,000,000] $13,000,000, to remain available until expended[: 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]. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0235–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Native Hawaiian Housing Block Grant
                      12
                      11
                      13

                      0900
                      Total new obligations (object class 41.0)
                      12
                      11
                      13

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      1
                      1

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      13
                      10
                      13

                      1130
                      Appropriations permanently reduced
                      –1

                      1160
                      Appropriation, discretionary (total)
                      12
                      10
                      13

                      1930
                      Total budgetary resources available
                      13
                      11
                      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
                      52
                      60
                      63

                      3010
                      Obligations incurred, unexpired accounts
                      12
                      11
                      13

                      3020
                      Outlays (gross)
                      –4
                      –8
                      –14

                      3050
                      Unpaid obligations, end of year
                      60
                      63
                      62

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      52
                      60
                      63

                      3200
                      Obligated balance, end of year
                      60
                      63
                      62

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      12
                      10
                      13

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority

                      1
                      1

                      4011
                      Outlays from discretionary balances
                      4
                      7
                      13

                      4020
                      Outlays, gross (total)
                      4
                      8
                      14

                      4180
                      Budget authority, net (total)
                      12
                      10
                      13

                      4190
                      Outlays, net (total)
                      4
                      8
                      14

             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 2015 Budget
                requests $13 million for this program.

             Indian Housing Loan Guarantee Fund Program AccountFor the cost of guaranteed loans, as authorized by section 184 of the Housing and Community Development Act of 1992 (12 U.S.C.
             1715z-13a), [$6,000,000] $8,000,000, 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] $1,200,000,000, to  remain available until expended: Provided further, That up to $750,000 of this amount may be for administrative contract expenses including management processes and systems
             to carry out the loan guarantee program. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0223–0–1–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0702
                      Loan guarantee subsidy
                      8
                      4
                      10

                      0707
                      Reestimates of loan guarantee subsidy
                      3
                      93

                      0708
                      Interest on reestimates of loan guarantee subsidy
                      5
                      14

                      0709
                      Administrative expenses

                      4
                      1

                      0900
                      Total new obligations
                      16
                      115
                      11

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      2
                      6
                      4

                      1001
                      Discretionary unobligated balance brought fwd, Oct 1
                      2
                      6

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      12
                      6
                      8

                      1160
                      Appropriation, discretionary (total)
                      12
                      6
                      8

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      8
                      107

                      1260
                      Appropriations, mandatory (total)
                      8
                      107

                      1900
                      Budget authority (total)
                      20
                      113
                      8

                      1930
                      Total budgetary resources available
                      22
                      119
                      12

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      6
                      4
                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      3
                      2
                      2

                      3010
                      Obligations incurred, unexpired accounts
                      16
                      115
                      11

                      3020
                      Outlays (gross)
                      –17
                      –115
                      –8

                      3050
                      Unpaid obligations, end of year
                      2
                      2
                      5

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      3
                      2
                      2

                      3200
                      Obligated balance, end of year
                      2
                      2
                      5

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      12
                      6
                      8

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      5
                      5
                      7

                      4011
                      Outlays from discretionary balances
                      4
                      3
                      1

                      4020
                      Outlays, gross (total)
                      9
                      8
                      8

                      Mandatory:

                      4090
                      Budget authority, gross
                      8
                      107

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      8
                      107

                      4180
                      Budget authority, net (total)
                      20
                      113
                      8

                      4190
                      Outlays, net (total)
                      17
                      115
                      8

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

                      Identification code 86–0223–0–1–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Guaranteed loan levels supportable by subsidy budget authority:

                      215001
                      Indian Housing Loan Guarantee
                      642
                      900
                      1,200

                      215999
                      Total loan guarantee levels
                      642
                      900
                      1,200

                      Guaranteed loan subsidy (in percent):

                      232001
                      Indian Housing Loan Guarantee
                      1.35
                      0.47
                      0.84

                      232999
                      Weighted average subsidy rate
                      1.35
                      0.47
                      0.84

                      Guaranteed loan subsidy budget authority:

                      233001
                      Indian Housing Loan Guarantee
                      9
                      4
                      10

                      233999
                      Total subsidy budget authority
                      9
                      4
                      10

                      Guaranteed loan subsidy outlays:

                      234001
                      Indian Housing Loan Guarantee
                      9
                      3
                      8

                      234999
                      Total subsidy outlays
                      9
                      3
                      8

                      Guaranteed loan upward reestimates:

                      235001
                      Indian Housing Loan Guarantee
                      7
                      107

                      235999
                      Total upward reestimate budget authority
                      7
                      107

                      Guaranteed loan downward reestimates:

                      237001
                      Indian Housing Loan Guarantee
                      –12
                      –6

                      237999
                      Total downward reestimate subsidy budget authority
                      –12
                      –6

             The Indian Housing Loan Guarantee program (also known as the Section 184 program) provides access to private mortgage financing
                for Indian families, Indian tribes, and their tribally designated housing entities who otherwise could not acquire such financing
                because of the unique legal status of Indian trust land. The Budget provides $8 million to support additional loan guarantees
                and administrative systems support.

             The 2013 Appropriations Act gave HUD authority to increase fees within this program, and HUD is exercising this authority
                in 2014 by increasing the upfront fee by 50 basis points to 1.5 percent. To ensure that budgetary resources are sufficient
                to meet projected demand for the program, HUD will also implement an annual fee of 15 basis points in 2015.

             The Budget also includes a number of statutory changes to reduce program losses and ensure its long-term viability, including
                requirements for participating lenders to: (1) consider loan modification options for borrowers; and (2) indemnify HUD for
                insurance claims paid on any loans that are found not to meet the Department's guidelines. In addition, the Budget updates
                several statutory program definitions to align them with the Native American Housing Assistance and Self-Determination Act
                of 1996. All proposed statutory changes are included in the general provisions at the end of this budget chapter.

             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
                      2013 actual
                      2014 est.
                      2015 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      1
                      4
                      1

                      41.0
                      Grants, subsidies, and contributions
                      15
                      111
                      10

                      99.9
                      Total new obligations
                      16
                      115
                      11

             Indian Housing Loan Guarantee Fund Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4104–0–3–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0711
                      Default claim payments on principal
                      30
                      60
                      75

                      0713
                      Payment of interest to Treasury
                      6
                      3
                      2

                      0742
                      Downward reestimate paid to receipt account
                      12
                      2

                      0743
                      Interest on downward reestimates

                      4

                      0900
                      Total new obligations
                      48
                      69
                      77

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      82
                      165
                      233

                      Financing authority:

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority
                      95

                      1440
                      Borrowing authority, mandatory (total)
                      95

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      36
                      137
                      39

                      1850
                      Spending auth from offsetting collections, mand (total)
                      36
                      137
                      39

                      1900
                      Financing authority (total)
                      131
                      137
                      39

                      1930
                      Total budgetary resources available
                      213
                      302
                      272

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      165
                      233
                      195

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1
                      2
                      71

                      3010
                      Obligations incurred, unexpired accounts
                      48
                      69
                      77

                      3020
                      Financing disbursements (gross)
                      –47

                      3050
                      Unpaid obligations, end of year
                      2
                      71
                      148

                      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
                      –2
                      –1
                      68

                      3200
                      Obligated balance, end of year
                      –1
                      68
                      145

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      131
                      137
                      39

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      47

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Federal sources: Payments from program account
                      –16
                      –110
                      –8

                      4122
                      Interest on uninvested funds
                      –7
                      –11
                      –12

                      4123
                      Non-Federal sources
                      –13
                      –16
                      –19

                      4130
                      Offsets against gross financing auth and disbursements (total)
                      –36
                      –137
                      –39

                      4160
                      Financing authority, net (mandatory)
                      95

                      4170
                      Financing disbursements, net (mandatory)
                      11
                      –137
                      –39

                      4180
                      Financing authority, net (total)
                      95

                      4190
                      Financing disbursements, net (total)
                      11
                      –137
                      –39

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 86–4104–0–3–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Position with respect to appropriations act limitation on commitments:

                      2111
                      Limitation on guaranteed loans made by private lenders
                      976
                      1,818
                      1,200

                      2121
                      Limitation available from carry-forward
                      37
                      371
                      1,289

                      2143
                      Uncommitted limitation carried forward
                      –371
                      –1,289
                      –1,289

                      2150
                      Total guaranteed loan commitments
                      642
                      900
                      1,200

                      2199
                      Guaranteed amount of guaranteed loan commitments
                      642
                      900
                      1,200

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      2,841
                      3,480
                      4,216

                      2231
                      Disbursements of new guaranteed loans
                      672
                      800
                      1,050

                      2251
                      Repayments and prepayments
                      –3
                      –4
                      –4

                      2263
                      Adjustments: Terminations for default that result in claim payments
                      –30
                      –60
                      –75

                      2290
                      Outstanding, end of year
                      3,480
                      4,216
                      5,187

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      3,480
                      4,216
                      5,187

             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
                      2012 actual
                      2013 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      67
                      67

                      1504
                      Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable: Foreclosed property
                      19
                      19

                      1999
                      Total assets
                      86
                      86

                      LIABILITIES:

                      2103
                      Federal liabilities: Debt Payable to Treasury
                      20
                      20

                      Non-Federal liabilities:

                      2204
                      Liabilities for loan guarantees
                      48
                      48

                      2207
                      Unearned revenues and advances
                      18
                      18

                      2999
                      Total liabilities
                      86
                      86

                      4999
                      Total liabilities and net position
                      86
                      86

             Native Hawaiian Housing Loan Guarantee Fund Program Account[For the cost of guaranteed loans, as authorized by section 184A of the Housing and Community Development Act of 1992 (12 U.S.C.
             1715z-13b) and for such costs for loans used for refinancing, $100,000, 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 $18,868,000,
             to remain available until expended.] (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0233–0–1–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      6
                      6
                      6

                      1930
                      Total budgetary resources available
                      6
                      6
                      6

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      6
                      6
                      6

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

                      Identification code 86–0233–0–1–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Guaranteed loan levels supportable by subsidy budget authority:

                      215001
                      Native Hawaiian Housing Loan Guarantees
                      25
                      25
                      25

                      215999
                      Total loan guarantee levels
                      25
                      25
                      25

                      Guaranteed loan subsidy (in percent):

                      232001
                      Native Hawaiian Housing Loan Guarantees
                      0.50
                      0.53
                      0.62

                      232999
                      Weighted average subsidy rate
                      0.50
                      0.53
                      0.62

                      Guaranteed loan downward reestimates:

                      237001
                      Native Hawaiian Housing Loan Guarantees
                      –1
                      –2

                      237999
                      Total downward reestimate subsidy budget authority
                      –1
                      –2

             The Native Hawaiian Housing Loan Guarantee program (also known as the Section 184A program), provides access to private mortgage
                financing to Native Hawaiian families who are eligible to reside on the Hawaiian Home Lands and who otherwise could not acquire
                such financing because of the unique legal status of the Hawaiian Home Lands. Because the program has sufficient carryover
                funds, the 2015 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
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0711
                      Default claim payments on principal

                      1
                      1

                      0712
                      Default claim payments on interest
                      1

                      0742
                      Downward reestimate paid to receipt account
                      1
                      1

                      0743
                      Interest on downward reestimates

                      1

                      0900
                      Total new obligations
                      2
                      3
                      1

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      2
                      7
                      5

                      Financing authority:

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority
                      6

                      3

                      1440
                      Borrowing authority, mandatory (total)
                      6

                      3

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      1
                      1
                      1

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

                      1900
                      Financing authority (total)
                      7
                      1
                      4

                      1930
                      Total budgetary resources available
                      9
                      8
                      9

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      7
                      5
                      8

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      3

                      3010
                      Obligations incurred, unexpired accounts
                      2
                      3
                      1

                      3020
                      Financing disbursements (gross)
                      –2

                      3050
                      Unpaid obligations, end of year

                      3
                      4

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year

                      3

                      3200
                      Obligated balance, end of year

                      3
                      4

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      7
                      1
                      4

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      2

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4122
                      Interest on uninvested funds
                      –1
                      –1
                      –1

                      4180
                      Financing authority, net (total)
                      6

                      3

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

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 86–4351–0–3–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Position with respect to appropriations act limitation on commitments:

                      2111
                      Limitation on guaranteed loans made by private lenders
                      42
                      19

                      2121
                      Limitation available from carry-forward
                      1,086
                      1,103
                      1,097

                      2143
                      Uncommitted limitation carried forward
                      –1,103
                      –1,097
                      –1,072

                      2150
                      Total guaranteed loan commitments
                      25
                      25
                      25

                      2199
                      Guaranteed amount of guaranteed loan commitments
                      25
                      25
                      25

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      69
                      84
                      102

                      2231
                      Disbursements of new guaranteed loans
                      15
                      19
                      19

                      2263
                      Adjustments: Terminations for default that result in claim payments

                      –1
                      –1

                      2290
                      Outstanding, end of year
                      84
                      102
                      120

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      84
                      102
                      120

                      Addendum:

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

                      2310
                      Outstanding, start of year

                      2390
                      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 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
                      2012 actual
                      2013 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

             Community Planning and Development

             Federal Funds
             Housing Opportunities for Persons With AidsFor carrying out the Housing Opportunities for Persons with AIDS program, as authorized by the AIDS Housing Opportunity Act
             (42 U.S.C. 12901 et seq.), [$330,000,000,] $332,000,000, to remain available until September 30, [2015] 2016, except that amounts allocated pursuant to section 854(c)(3) of such Act shall remain available until September 30, [2016] 2017: Provided, That the Secretary shall renew all expiring contracts for permanent supportive housing that initially were funded under
             section 854(c)(3) of such Act from funds made available under this heading in fiscal year 2010 and prior fiscal years that
             meet all program requirements before awarding funds for new contracts under [each] such section[, and if amounts provided under this heading pursuant to such section are insufficient to fund renewals for all such expiring
             contracts, then amounts made available under this heading for formula grants pursuant to section 854(c)(1) shall be used to
             provide the balance of such renewal funding before awarding funds for such formula grants: Provided further, That the Department shall notify grantees of their formula allocation within 60 days of enactment of this Act]. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0308–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      HOPWA Formula Grants
                      270
                      306
                      297

                      0002
                      HOPWA Competitive Grants
                      32
                      33
                      33

                      0900
                      Total new obligations (object class 41.0)
                      302
                      339
                      330

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      71
                      83
                      74

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      332
                      330
                      332

                      1120
                      Appropriations transferred to other accts [86–0308]
                      –31
                      –33
                      –33

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –2

                      1121
                      Appropriations transferred from other accts [86–0308]
                      31
                      33
                      33

                      1130
                      Appropriations permanently reduced
                      –18

                      1160
                      Appropriation, discretionary (total)
                      314
                      330
                      330

                      1930
                      Total budgetary resources available
                      385
                      413
                      404

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      83
                      74
                      74

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      485
                      479
                      496

                      3010
                      Obligations incurred, unexpired accounts
                      302
                      339
                      330

                      3020
                      Outlays (gross)
                      –307
                      –322
                      –318

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      479
                      496
                      508

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      485
                      479
                      496

                      3200
                      Obligated balance, end of year
                      479
                      496
                      508

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      314
                      330
                      330

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      1
                      3
                      3

                      4011
                      Outlays from discretionary balances
                      306
                      319
                      315

                      4020
                      Outlays, gross (total)
                      307
                      322
                      318

                      4180
                      Budget authority, net (total)
                      314
                      330
                      330

                      4190
                      Outlays, net (total)
                      307
                      322
                      318

             The 2015 Budget provides $332 million for the Housing Opportunities for Persons with AIDS (HOPWA) program, the only Federal
                program dedicated to address the housing needs of low-income Americans living with HIV and AIDS. HOPWA funding provides States
                and localities with resources to devise long-term comprehensive strategies for planning and providing housing and supportive
                services to meet the housing 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 cumulative AIDS cases.  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 cases of persons living with 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.

             HUD is working in partnership with Federal agencies through the HIV Care Continuum to improve outcomes that promote greater
                achievements in viral suppression through the coordination and alignment of housing support with medical care for people living
                with HIV.  Furthermore, HUD is placing greater emphasis on coordinating local planning and service delivery of HOPWA housing
                resources with local homeless Continuums of Care. This effort is expected to increase local collaborations in the delivery
                of housing and services, and reduce duplication of local systems of support.

             Community Development FundFor assistance to units of State and local government, and to other entities, for economic and community development activities,
             and for other purposes, [$3,100,000,000] $2,870,000,000, to remain available until September 30, [2016] 2017, unless otherwise specified: Provided, That of the total amount provided, [$3,030,000,000] $2,800,000,000 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 a metropolitan city, urban county, unit of general local government, or Indian tribe, or insular area that directly
             or indirectly receives funds under this heading may not sell, trade, or otherwise transfer all or any portion of such funds
             to another such entity in exchange for any other funds, credits or non-Federal considerations, but must use such funds for
             activities eligible under title I of the Act: [Provided further, That none of the funds made available under this heading may be used for grants for the Economic Development Initiative ("EDI'')
             or Neighborhood Initiatives activities, Rural Innovation Fund, or for grants pursuant to section 107 of the Housing and Community
             Development Act of 1974 (42 U.S.C. 5307): Provided further, That the Department shall notify grantees of their formula allocation within 60 days of enactment of this Act:] 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: Provided further, That of the amounts made available under the previous proviso, $10,000,000 shall be for grants for mold remediation and
             prevention that shall be awarded through one national competition to Native American tribes with the greatest need. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0162–0–1–451
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Community Development Formula Grants
                      2,913
                      3,042
                      2,837

                      0003
                      Indian Tribes
                      58
                      69
                      70

                      0004
                      Administration, Operations and Management

                      1
                      1

                      0010
                      Disaster Assistance
                      2,205
                      3,795
                      4,296

                      0900
                      Total new obligations (object class 41.0)
                      5,176
                      6,907
                      7,204

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      732
                      13,874
                      10,067

                      1021
                      Recoveries of prior year unpaid obligations
                      2

                      1050
                      Unobligated balance (total)
                      734
                      13,874
                      10,067

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      3,308
                      3,100
                      2,870

                      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]

                      –14

                      1130
                      Appropriations permanently reduced
                      –972

                      1160
                      Appropriation, discretionary (total)
                      18,316
                      3,100
                      2,856

                      1930
                      Total budgetary resources available
                      19,050
                      16,974
                      12,923

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      13,874
                      10,067
                      5,719

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      15,037
                      14,419
                      11,105

                      3010
                      Obligations incurred, unexpired accounts
                      5,176
                      6,907
                      7,204

                      3020
                      Outlays (gross)
                      –5,768
                      –10,221
                      –8,383

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –2

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –24

                      3050
                      Unpaid obligations, end of year
                      14,419
                      11,105
                      9,926

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      15,037
                      14,419
                      11,105

                      3200
                      Obligated balance, end of year
                      14,419
                      11,105
                      9,926

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      18,316
                      3,100
                      2,856

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      202
                      31
                      29

                      4011
                      Outlays from discretionary balances
                      5,566
                      10,190
                      8,354

                      4020
                      Outlays, gross (total)
                      5,768
                      10,221
                      8,383

                      4180
                      Budget authority, net (total)
                      18,316
                      3,100
                      2,856

                      4190
                      Outlays, net (total)
                      5,768
                      10,221
                      8,383

             Within the Community Development Fund, the Budget includes $2.8 billion for the Community Development Block Grant (CDBG) program
                and $70 million for the Indian CDBG program.

             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, and support 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 are distributed to the States (non-entitlement
                communities).

             In August 2014 the CDBG program will celebrate its 40th anniversary, but in that time, the impact of the CDBG program has
                been uneven. Adjusted for inflation, recent appropriations represent only about 25 percent of the 1978 funding level, while
                the number of grantees has doubled. In recognition of the anniversary and these challenges, there is a need to reevaluate
                the program, its rules and its design to ensure that it provides targeted benefits to the nation's communities and, more specifically,
                to low- and moderate-income populations.

             In support of these goals, in 2013 HUD undertook an outreach effort titled "Moving CDBG Forward" to provide CDBG stakeholders
                the opportunity to assess One CPD technical assistance, the program itself, and to recommend improvements. Recommendations
                gathered through the process, HUD's expertise administering the program and research conducted by HUD's Office of Policy Development
                and Research form the basis for the Department's legislative package of CDBG reforms that will be transmitted in the spring
                of 2014. This legislative package will focus on reforms that strengthen the CDBG program; help grantees target funding resources
                to areas of greatest need; enhance program accountability; synchronize critical program cycles with the consolidated plan
                cycle; reduce the number of small grantees; and provide more options for regional coordination, administration, and planning.
                Regional coordination will allow grantees to achieve administrative savings and pool resources to make strategic investment
                decisions.

             The Budget also includes $70 million for the Indian Community Development program. This program provides grants to help develop
                viable Indian and Alaska Native Communities with decent housing, a suitable living environment, and economic opportunities,
                primarily for low- and moderate-income persons. Within this account, $10 million is provided to address mold issues in Indian
                housing, which will be distributed through a national competition.

             This account also reflects $15.2 billion in CDBG funding (post-sequestration) 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 are also available 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 II grants).

             [Empowerment Zones/Enterprise Communities/Renewal Communities]
             [(rescission)][Unobligated balances, including recaptures and carryover, remaining from funds appropriated to the Department of Housing and
             Urban Development under this heading are hereby permanently rescinded.] (Department of Housing and Urban Development Appropriations Act, 2014.)

             Introduced in 1993, the Empowerment Zone (EZ), Enterprise Community (EC), and Renewal Community (RC) Initiatives sought to
                reduce unemployment and generate economic growth through the designation of Federal tax incentives and award of grants to
                distressed communities.  The tax incentives for ECs and RCs have both expired, while EZ tax incentives were extended to December
                31, 2013 by the American Taxpayer Relief Act of 2012. In 2014, all unobligated balances, including recaptures and carryover,
                were rescinded.

             Brownfields Redevelopment

             Program and Financing (in millions of dollars)

                      Identification code 86–0314–0–1–451
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      BEDI Grants

                      1

                      0900
                      Total new obligations (object class 41.0)

                      1

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1

                      4
                      3

                      1021
                      Recoveries of prior year unpaid obligations
                      4

                      1050
                      Unobligated balance (total)
                      4
                      4
                      3

                      1930
                      Total budgetary resources available
                      4
                      4
                      3

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      4
                      3
                      3

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      36
                      25
                      21

                      3010
                      Obligations incurred, unexpired accounts

                      1

                      3020
                      Outlays (gross)
                      –5
                      –5
                      –5

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –4

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –2

                      3050
                      Unpaid obligations, end of year
                      25
                      21
                      16

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      36
                      25
                      21

                      3200
                      Obligated balance, end of year
                      25
                      21
                      16

                      Budget authority and outlays, net:

                      Discretionary:

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      5
                      5
                      5

                      4190
                      Outlays, net (total)
                      5
                      5
                      5

             The 2015 Budget requests no funding for the Brownfields Economic Development Initiative (BEDI) , which was a competitive grant
                program designed to assist cities with the redevelopment of brownfield sites for the purposes of economic development and
                job creation.  Local governments have access to other public and private funds, including Community Development Block Grant
                (CDBG) funds, which can serve similar purposes.

             Home Investment Partnerships ProgramFor the HOME investment partnerships program, as authorized under title II of the Cranston-Gonzalez National Affordable Housing
             Act, as amended, [$1,000,000,000] $950,000,000, to remain available until September 30, [2016] 2017: Provided, [That notwithstanding the amount made available under this heading, the threshold reduction requirements in sections 216(10)
             and 217(b)(4) of such Act shall not apply to allocations of such amount: Provided further,] That the requirements under provisos 2 through [6] 5 under this heading for fiscal year 2012 and such requirements applicable pursuant to the "Full-Year Continuing Appropriations
             Act, 2013'', shall not apply to any project to which funds were committed on or after August 23, 2013, but such projects shall
             instead be governed by the Final Rule titled "Home Investment Partnerships Program; Improving Performance and Accountability;
             Updating Property Standards'' which became effective on such date: Provided further, That funds provided in prior appropriations Acts for technical assistance, which were made available for
                Community Housing Development Organizations technical assistance, and which still remain available, may be used for HOME technical
                assistance, notwithstanding the purposes for which such amounts were appropriated: Provided further, That [the Department shall notify grantees of their formula allocation within 60 days of enactment of this Act] of the total amount provided under this heading, up to $10,000,000 shall be made available to the Self-help and Assisted
                Homeownership Opportunity Program, as authorized under section 11 of the Housing Opportunity Program Extension Act of 1996,
                as amended (42 U.S.C. 12805 note). (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0205–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      HOME Investment Program
                      918
                      1,030
                      945

                      0002
                      Technical Assistance
                      1

                      0003
                      SHOP

                      10

                      0900
                      Total new obligations (object class 41.0)
                      919
                      1,030
                      955

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      152
                      190
                      160

                      1021
                      Recoveries of prior year unpaid obligations
                      11

                      1050
                      Unobligated balance (total)
                      163
                      190
                      160

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      1,000
                      1,000
                      950

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –5

                      1130
                      Appropriations permanently reduced
                      –52

                      1160
                      Appropriation, discretionary (total)
                      948
                      1,000
                      945

                      1930
                      Total budgetary resources available
                      1,111
                      1,190
                      1,105

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –2

                      1941
                      Unexpired unobligated balance, end of year
                      190
                      160
                      150

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      4,340
                      3,819
                      3,443

                      3010
                      Obligations incurred, unexpired accounts
                      919
                      1,030
                      955

                      3020
                      Outlays (gross)
                      –1,420
                      –1,406
                      –1,239

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –11

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –9

                      3050
                      Unpaid obligations, end of year
                      3,819
                      3,443
                      3,159

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      4,340
                      3,819
                      3,443

                      3200
                      Obligated balance, end of year
                      3,819
                      3,443
                      3,159

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      948
                      1,000
                      945

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      3
                      10
                      9

                      4011
                      Outlays from discretionary balances
                      1,417
                      1,396
                      1,230

                      4020
                      Outlays, gross (total)
                      1,420
                      1,406
                      1,239

                      4180
                      Budget authority, net (total)
                      948
                      1,000
                      945

                      4190
                      Outlays, net (total)
                      1,420
                      1,406
                      1,239

             The Budget requests $950 million for HOME, with up to $10 million set-aside for the Self-help Homeownership Opportunity Program
                (SHOP). The HOME Investment Partnerships 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
                through a wide range of activities that build, buy, and/or rehabilitate affordable housing. Sixty percent of the formula grant
                funds is awarded to participating local governments and 40 percent is awarded to states. 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, 65 percent of about 178,000 completed HOME assisted rental units were part of awarded LIHTC
                projects from fiscal years 2009 through 2013. Over time, HOME funding is estimated to result in the production of almost 36,000
                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 almost 8,000 units.

             The 2015 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 years
                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 to other residents' safety. When implemented, these changes will improve the targeting focus and effectiveness
                of the overall administration of the program.

             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 2015
                Budget also proposes statutory changes that would improve the administration of the SHOP program. These include authorization
                to allow 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
                      2013 actual
                      2014 est.
                      2015 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 appropriation 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. This program is similar to HOME, but is more income targeted.
                Funds will be distributed by formula to States or State-designated entities to 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 2015 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 BuildingFor 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), $20,000,000, to remain available until September 30, 2016.
          Program and Financing (in millions of dollars)

                      Identification code 86–0405–0–1–451
                      2013 actual
                      2014 est.
                      2015 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 2015 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[For the Self-Help and Assisted Homeownership Opportunity Program, as authorized under section 11 of the Housing Opportunity
             Program Extension Act of 1996, as amended, $50,000,000, to remain available until September 30, 2016: Provided, That of the total amount provided under this heading, $10,000,000 shall be made available to the Self-Help and Assisted
             Homeownership Opportunity Program as authorized under section 11 of the Housing Opportunity Program Extension Act of 1996,
             as amended: Provided further, That $35,000,000 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 shall be made available
             for rural capacity-building activities: Provided further, That $5,000,000 shall be made available for capacity building by national rural housing organizations with experience assessing
             national rural conditions and providing financing, training, technical assistance, information, and research to local nonprofits,
             local governments and Indian Tribes serving high need rural communities.] (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0176–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Self Help Housing Opportunity Program
                      13
                      10

                      0002
                      Capacity Building

                      68

                      0003
                      Rural Capacity Building
                      5
                      10

                      0900
                      Total new obligations (object class 41.0)
                      18
                      88

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      5
                      38

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      54
                      50

                      1130
                      Appropriations permanently reduced
                      –3

                      1160
                      Appropriation, discretionary (total)
                      51
                      50

                      1930
                      Total budgetary resources available
                      56
                      88

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      38

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      199
                      150
                      164

                      3010
                      Obligations incurred, unexpired accounts
                      18
                      88

                      3020
                      Outlays (gross)
                      –67
                      –74
                      –67

                      3050
                      Unpaid obligations, end of year
                      150
                      164
                      97

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      199
                      150
                      164

                      3200
                      Obligated balance, end of year
                      150
                      164
                      97

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      51
                      50

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      67
                      74
                      67

                      4180
                      Budget authority, net (total)
                      51
                      50

                      4190
                      Outlays, net (total)
                      67
                      74
                      67

             The 2015 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
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Abandoned and Foreclosed
                      1

                      0003
                      Disaster Assistance
                      4
                      16

                      0900
                      Total new obligations (object class 41.0)
                      5
                      16

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      19
                      16

                      1021
                      Recoveries of prior year unpaid obligations
                      2

                      1050
                      Unobligated balance (total)
                      21
                      16

                      1930
                      Total budgetary resources available
                      21
                      16

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      16

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1,416
                      626
                      139

                      3010
                      Obligations incurred, unexpired accounts
                      5
                      16

                      3020
                      Outlays (gross)
                      –793
                      –503
                      –118

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –2

                      3050
                      Unpaid obligations, end of year
                      626
                      139
                      21

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1,416
                      626
                      139

                      3200
                      Obligated balance, end of year
                      626
                      139
                      21

                      Budget authority and outlays, net:

                      Mandatory:

                      Outlays, gross:

                      4101
                      Outlays from mandatory balances
                      793
                      503
                      118

                      4190
                      Outlays, net (total)
                      793
                      503
                      118

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

                      2013 actual
                      2014 est.
                      2015 est.

                      Enacted/requested:

                      Outlays
                      793
                      503
                      118

                      Legislative proposal, subject to PAYGO:

                      Budget Authority

                      15,000

                      Outlays

                      50

                      Total:

                      Budget Authority

                      15,000

                      Outlays
                      793
                      503
                      168

             The Neighborhood Stabilization Program (NSP) was first 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.  Grantees were allowed to 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.

             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.

             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.  As of January 2014, NSP 3 grantees had expended 80 percent of funds. Most
                grantees intend to expend 100 percent of their NSP3 grant funds by March 31, 2014, and HUD will closely monitor their performance
                and provide technical assistance or implement sanctions as appropriate.

              The Budget proposes $15 billion in mandatory funding for Project Rebuild which would build upon the success of the NSP program
                and expand opportunities for grantees to address abandoned and foreclosed properties.  Funds will be distributed via formula
                to State and local governments as well as competitively to governmental, non-profit and for-profit entities. Building upon
                proven approaches, Project Rebuild will bring in expertise and capital from the private sector, increase eligibility of commercial
                properties, focus on property improvements, expand innovative solutions like land banks, and fund job training programs to
                strengthen local workforce capacity. Collectively, these programs will not only create construction and other jobs but will
                help reduce blight and crime, foster economic development, stabilize housing prices and neighborhoods, and help worst-affected
                communities turn the corner to recovery.

             Neighborhood Stabilization Program

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

                      Identification code 86–0344–4–1–451
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      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:

                      3010
                      Obligations incurred, unexpired accounts

                      15,000

                      3020
                      Outlays (gross)

                      –50

                      3050
                      Unpaid obligations, end of year

                      14,950

                      Memorandum (non-add) entries:

                      3200
                      Obligated balance, end of year

                      14,950

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross

                      15,000

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority

                      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; the continuum of care program as authorized under subtitle C of title IV of such Act; and the rural housing
             stability assistance program as authorized under subtitle D of title IV of such Act, [$2,105,000,000] $2,406,400,000, to remain available until September 30, [2016] 2017: Provided, That any rental assistance amounts that are recaptured under such continuum of care program shall remain available until
             expended: Provided further, That not less than [$250,000,000] $215,000,000 of the funds appropriated under this heading shall be available for such emergency solutions grants program: Provided further, That not less than [$1,815,000,000] $2,184,400,000 of the funds appropriated under this heading shall be available for such continuum of care and rural housing stability assistance
             programs: Provided further, That up to [$6,000,000] $7,000,000 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 and the rural housing stability assistance
             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 may 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, performance measures, 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: Provided further, That with respect to funds provided under this heading for the continuum of care program for fiscal years 2012, 2013, and
             2014, provision of permanent housing rental assistance may be administered by private nonprofit organizations: Provided further, That not later than 180 days after awarding fiscal year 2013 funds described in the previous proviso to private nonprofit
             organizations, the Secretary of Housing and Urban Development shall submit to the House and Senate Committees on Appropriations,
             the House Committee on Financial Services, and the Senate Committee on Banking, Housing, and Urban Affairs a report that includes
             a review of the history of and need for the authority provided in the previous proviso, the number and geographic distribution
             of persons assisted under such actions, an analysis of the effectiveness, advantages, and disadvantages of the authority under
             the previous proviso and such other information as may be necessary to assess the ongoing need for such authority: Provided further, That the Department shall notify grantees of their formula allocation from amounts allocated (which may represent initial
             or final amounts allocated) for the emergency solutions grant program within 60 days of enactment of this Act]. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0192–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0002
                      National Homeless Data Analysis Project
                      7
                      6
                      7

                      0004
                      Sec. 8 Mod Rehab Amendments
                      2
                      1
                      1

                      0005
                      Section 8 Moderate Rehabilitation SRO
                      2
                      1
                      1

                      0009
                      Continuum of Care (SPC, SHP, Rural)
                      1,851
                      1,755
                      2,072

                      0010
                      Emergency Solutions Grants - Formula
                      224
                      240
                      225

                      0900
                      Total new obligations (object class 41.0)
                      2,086
                      2,003
                      2,306

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      2,023
                      1,879
                      2,001

                      1021
                      Recoveries of prior year unpaid obligations
                      27
                      20
                      20

                      1050
                      Unobligated balance (total)
                      2,050
                      1,899
                      2,021

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      2,033
                      2,105
                      2,406

                      1130
                      Appropriations permanently reduced
                      –100

                      1160
                      Appropriation, discretionary (total)
                      1,933
                      2,105
                      2,406

                      1930
                      Total budgetary resources available
                      3,983
                      4,004
                      4,427

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –18

                      1941
                      Unexpired unobligated balance, end of year
                      1,879
                      2,001
                      2,121

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      2,474
                      2,691
                      2,638

                      3010
                      Obligations incurred, unexpired accounts
                      2,086
                      2,003
                      2,306

                      3020
                      Outlays (gross)
                      –1,736
                      –2,036
                      –1,992

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –27
                      –20
                      –20

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –106

                      3050
                      Unpaid obligations, end of year
                      2,691
                      2,638
                      2,932

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      2,474
                      2,691
                      2,638

                      3200
                      Obligated balance, end of year
                      2,691
                      2,638
                      2,932

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      1,933
                      2,105
                      2,406

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      2
                      21
                      24

                      4011
                      Outlays from discretionary balances
                      1,734
                      2,015
                      1,968

                      4020
                      Outlays, gross (total)
                      1,736
                      2,036
                      1,992

                      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)
                      1,933
                      2,105
                      2,406

                      4080
                      Outlays, net (discretionary)
                      1,735
                      2,036
                      1,992

                      4180
                      Budget authority, net (total)
                      1,933
                      2,105
                      2,406

                      4190
                      Outlays, net (total)
                      1,735
                      2,036
                      1,992

             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 homelessness—particularly chronic homelessness—through the development
                of local plans.

             The 2015 Budget provides $2.406 billion for a wide range of activities to assist homeless persons and prevent future occurrences
                of homelessness. HUD estimates it will use $2.184 billion for competitive renewals and new permanent supportive housing in
                the CoC program and $215 million for ESG. The Budget also includes $7 million for the National Homeless Data Analysis Project.

             The 2015 Budget makes significant progress toward ending homelessness by supporting the goals of the Federal Strategic Plan
                to Prevent and End Homelessness which was published by the U.S. Interagency Council on Homelessness in 2010. Supported by
                the collection of robust data and using best practices from across the country, the Budget sets a path for achieving the Administration's
                ambitious goals of ending Veterans homelessness by 2015 and ending chronic homelessness by 2016.

             In 2015, HUD will continue the implementation of the McKinney-Vento Act as amended by the HEARTH Act.

             Permanent Supportive Housing

             Program and Financing (in millions of dollars)

                      Identification code 86–0342–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      36
                      27
                      20

                      3020
                      Outlays (gross)
                      –9
                      –7
                      –7

                      3050
                      Unpaid obligations, end of year
                      27
                      20
                      13

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      36
                      27
                      20

                      3200
                      Obligated balance, end of year
                      27
                      20
                      13

                      Budget authority and outlays, net:

                      Discretionary:

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      9
                      7
                      7

                      4190
                      Outlays, net (total)
                      9
                      7
                      7

             This program was created by the Supplemental Appropriations Act, 2008 (P.L. 110–252), and 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 was for permanent supportive housing, serving approximately 1,000 homeless individuals and
                families living with disabilities. The LRA is eligible to apply for Homeless Assistance Grants to renew this assistance. Additionally,
                this account provided $23 million in project-based rental assistance vouchers to LRA to support an estimated 2,000 elderly
                and disabled disaster victims, as authorized. 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
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Border Capital Community Initiative

                      2

                      0002
                      Delta Capital Community Initiative

                      1

                      0003
                      Appalachia Economic Development Initiative

                      1

                      0900
                      Total new obligations (object class 41.0)

                      2
                      2

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      3
                      4
                      3

                      1021
                      Recoveries of prior year unpaid obligations
                      1
                      1
                      1

                      1050
                      Unobligated balance (total)
                      4
                      5
                      4

                      1930
                      Total budgetary resources available
                      4
                      5
                      4

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      4
                      3
                      2

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      24
                      12
                      5

                      3010
                      Obligations incurred, unexpired accounts

                      2
                      2

                      3020
                      Outlays (gross)
                      –11
                      –8
                      –4

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

                      3050
                      Unpaid obligations, end of year
                      12
                      5
                      2

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      24
                      12
                      5

                      3200
                      Obligated balance, end of year
                      12
                      5
                      2

                      Budget authority and outlays, net:

                      Discretionary:

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      11
                      8
                      4

                      4190
                      Outlays, net (total)
                      11
                      8
                      4

             The 2015 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
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Revolving Fund
                      1
                      1
                      1

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

                      Budgetary Resources:

                      Budget authority:

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      1
                      1
                      1

                      1260
                      Appropriations, mandatory (total)
                      1
                      1
                      1

                      1930
                      Total budgetary resources available
                      1
                      1
                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      9
                      10
                      9

                      3010
                      Obligations incurred, unexpired accounts
                      1
                      1
                      1

                      3020
                      Outlays (gross)

                      –2
                      –2

                      3050
                      Unpaid obligations, end of year
                      10
                      9
                      8

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      9
                      10
                      9

                      3200
                      Obligated balance, end of year
                      10
                      9
                      8

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      1
                      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)
                      1
                      1
                      1

                      4190
                      Outlays, net (total)

                      2
                      2

          Status of Direct Loans (in millions of dollars)

                      Identification code 86–4015–0–3–451
                      2013 actual
                      2014 est.
                      2015 est.

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      5
                      5
                      5

                      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.
                For example, 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 but
                has since ceased to originate new loans for over 20 years ago. 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.

          Balance Sheet (in millions of dollars)

                      Identification code 86–4015–0–3–451
                      2012 actual
                      2013 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      9
                      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
                      10
                      11

                      LIABILITIES:

                      2207
                      Non-Federal liabilities: Other
                      1
                      1

                      NET POSITION:

                      3100
                      Unexpended appropriations
                      9
                      10

                      4999
                      Total liabilities and net position
                      10
                      11

             Community Development Loan Guarantees Program Account[For the cost of guaranteed loans, $3,000,000, to remain available until September 30, 2015, as authorized by] Subject to section 502 of the Congressional Budget Act of 1974, during fiscal year 2015, commitments to guarantee loans under section 108 of the Housing and Community Development Act of 1974 (42 U.S.C. 5308), any part of which is guaranteed, shall not exceed a total principal amount of $500,000,000: Provided, That [such costs, including the cost of modifying such loans, shall be defined in section 502 of the Congressional Budget Act of
             1974: Provided further, That additionally,] the Secretary [may] shall collect fees from borrowers [, notwithstanding subsection (m) of such section 108] to result in a cost of zero for guaranteeing such loans, and any such fees shall be collected in accordance with section 502(7) of the Congressional Budget Act of 1974 [: Provided further, That the funds provided under this heading and any amounts from any such fees collected are available to subsidize total
             loan principal, any part of which is to be guaranteed, not to exceed $150,000,000, notwithstanding any aggregate limitation
             on outstanding obligations guaranteed in section 108(k) of the Housing and Community Development Act of 1974, as amended]. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0198–0–1–451
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0702
                      Loan guarantee subsidy
                      6
                      7

                      0707
                      Reestimates of loan guarantee subsidy
                      7
                      2

                      0708
                      Interest on reestimates of loan guarantee subsidy
                      1

                      0900
                      Total new obligations (object class 33.0)
                      14
                      9

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      4
                      4

                      1001
                      Discretionary unobligated balance brought fwd, Oct 1
                      4
                      4

                      1050
                      Unobligated balance (total)
                      4
                      4
                      4

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      6
                      3

                      1160
                      Appropriation, discretionary (total)
                      6
                      3

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      8
                      2

                      1260
                      Appropriations, mandatory (total)
                      8
                      2

                      1900
                      Budget authority (total)
                      14
                      5

                      1930
                      Total budgetary resources available
                      18
                      9

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      4

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      13
                      17
                      15

                      3010
                      Obligations incurred, unexpired accounts
                      14
                      9

                      3020
                      Outlays (gross)
                      –10
                      –11
                      –6

                      3050
                      Unpaid obligations, end of year
                      17
                      15
                      9

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      13
                      17
                      15

                      3200
                      Obligated balance, end of year
                      17
                      15
                      9

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      6
                      3

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      2
                      9
                      6

                      Mandatory:

                      4090
                      Budget authority, gross
                      8
                      2

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      8
                      2

                      4180
                      Budget authority, net (total)
                      14
                      5

                      4190
                      Outlays, net (total)
                      10
                      11
                      6

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

                      Identification code 86–0198–0–1–451
                      2013 actual
                      2014 est.
                      2015 est.

                      Guaranteed loan levels supportable by subsidy budget authority:

                      215001
                      Community development loan guarantee levels
                      231
                      313
                      500

                      215999
                      Total loan guarantee levels
                      231
                      313
                      500

                      Guaranteed loan subsidy (in percent):

                      232001
                      Community development loan guarantee levels
                      2.46
                      2.56
                      0.00

                      232999
                      Weighted average subsidy rate
                      2.46
                      2.56
                      0.00

                      Guaranteed loan subsidy budget authority:

                      233001
                      Community development loan guarantee levels
                      6
                      8

                      233999
                      Total subsidy budget authority
                      6
                      8

                      Guaranteed loan subsidy outlays:

                      234001
                      Community development loan guarantee levels
                      1
                      2
                      5

                      234999
                      Total subsidy outlays
                      1
                      2
                      5

                      Guaranteed loan upward reestimates:

                      235001
                      Community development loan guarantee levels
                      8
                      3

                      235999
                      Total upward reestimate budget authority
                      8
                      3

                      Guaranteed loan downward reestimates:

                      237001
                      Community development loan guarantee levels
                      –3
                      –7

                      237999
                      Total downward reestimate subsidy budget authority
                      –3
                      –7

             The Community Development Loan Guarantee program (Section 108) supports economic development projects, housing rehabilitation,
                and the rehabilitation, construction or installation of public facilities for the benefit of low- to moderate-income persons
                or to aid in the prevention of slums. The 2015 Budget increases the guaranteed loan limit to $500 million, but does not request
                credit subsidy for the program. The Budget requires HUD to collect fees to offset credit subsidy costs such that the program
                operates at a zero credit subsidy cost. The Budget also proposes legislative changes to the Housing and Community Development
                Act of 1974 to align to the new fee structure. Carryover loan guarantee credit subsidy in this account will continue to be
                used until exhausted.

             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
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0742
                      Downward reestimate paid to receipt account
                      2
                      5

                      0743
                      Interest on downward reestimates
                      1
                      3

                      0900
                      Total new obligations
                      3
                      8

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      109
                      124
                      125

                      Financing authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      15
                      9
                      9

                      1801
                      Change in uncollected payments, Federal sources
                      3

                      1850
                      Spending auth from offsetting collections, mand (total)
                      18
                      9
                      9

                      1930
                      Total budgetary resources available
                      127
                      133
                      134

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      124
                      125
                      134

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      8

                      3010
                      Obligations incurred, unexpired accounts
                      3
                      8

                      3020
                      Financing disbursements (gross)
                      –3

                      3050
                      Unpaid obligations, end of year

                      8
                      8

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –14
                      –17
                      –17

                      3070
                      Change in uncollected pymts, Fed sources, unexpired
                      –3

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –17
                      –17
                      –17

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      –14
                      –17
                      –9

                      3200
                      Obligated balance, end of year
                      –17
                      –9
                      –9

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      18
                      9
                      9

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      3

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Federal Sources: Payments from Program Account
                      –10
                      –5
                      –5

                      4122
                      Interest on uninvested funds
                      –5
                      –4
                      –4

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

                      Additional offsets against financing authority only (total):

                      4140
                      Change in uncollected pymts, Fed sources, unexpired
                      –3

                      4170
                      Financing disbursements, net (mandatory)
                      –12
                      –9
                      –9

                      4190
                      Financing disbursements, net (total)
                      –12
                      –9
                      –9

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 86–4096–0–3–451
                      2013 actual
                      2014 est.
                      2015 est.

                      Position with respect to appropriations act limitation on commitments:

                      2111
                      Limitation on guaranteed loans made by private lenders
                      240
                      150
                      500

                      2121
                      Limitation available from carry-forward
                      159
                      163

                      2142
                      Uncommitted loan guarantee limitation
                      –5

                      2143
                      Uncommitted limitation carried forward
                      –163

                      2150
                      Total guaranteed loan commitments
                      231
                      313
                      500

                      2199
                      Guaranteed amount of guaranteed loan commitments
                      231
                      313
                      500

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      2,148
                      1,989
                      1,949

                      2231
                      Disbursements of new guaranteed loans
                      87
                      210
                      210

                      2251
                      Repayments and prepayments
                      –246
                      –250
                      –250

                      2290
                      Outstanding, end of year
                      1,989
                      1,949
                      1,909

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      1,989
                      1,949
                      1,909

             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
                      2012 actual
                      2013 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      107
                      96

                      1999
                      Total assets
                      107
                      96

                      LIABILITIES:

                      2204
                      Non-Federal liabilities: Liabilities for loan guarantees
                      107
                      96

                      4999
                      Total liabilities and net position
                      107
                      96

             Community Development Loan Guarantees Liquidating Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4097–0–3–451
                      2013 actual
                      2014 est.
                      2015 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
                      2013 actual
                      2014 est.
                      2015 est.

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      5
                      1

                      2251
                      Repayments and prepayments
                      –4
                      –1

                      2290
                      Outstanding, end of year
                      1

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year

             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
                      2012 actual
                      2013 actual

                      ASSETS:

                      Federal assets:

                      1101
                      Fund balances with Treasury
                      –3
                      3

                      Investments in US securities:

                      1106
                      Receivables, net
                      3
                      3

                      1999
                      Total assets

                      6

             Housing Programs

             Federal Funds
             Project-Based Rental AssistanceFor activities and assistance for the provision of project-based subsidy contracts under the United States Housing Act of
             1937 (42 U.S.C. 1437 et seq.) ("the Act''), not otherwise provided for, [$9,516,628,000] $9,346,000,000, to remain available until expended, shall be available on October 1, [2013] 2014 (in addition to the $400,000,000 previously appropriated under this heading that became available October 1, [2013] 2014), and $400,000,000, to remain available until expended, shall be available on October 1, [2014] 2015: 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 senior preservation rental assistance contracts, as authorized by section 811 (e) of the American Housing and
                Economic Opportunity Act of 2000, as amended (12 U.S.C. 1701q note), 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] $210,000,000 shall be available for [assistance agreements with] grants or cooperative agreements under such terms and procedures as determined by the Secretary and in accordance with section
                204 of this title for 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 or a Housing Finance Agency 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. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0303–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Contract Renewals
                      8,020
                      9,382
                      8,952

                      0002
                      RAD Contract Renewals

                      1
                      70

                      0003
                      Section 8 Amendments
                      580
                      612
                      590

                      0004
                      Contract Administrators
                      218
                      265
                      210

                      0005
                      Vouchers for Disaster Relief

                      1
                      1

                      0006
                      Tenant Information and Outreach

                      2
                      3

                      0900
                      Total new obligations (object class 41.0)
                      8,818
                      10,263
                      9,826

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      181
                      258

                      1021
                      Recoveries of prior year unpaid obligations
                      44

                      1050
                      Unobligated balance (total)
                      225
                      258

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      8,939
                      9,517
                      9,346

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –15

                      1121
                      Appropriations transferred from other accts [86–0163]

                      1
                      52

                      1121
                      Appropriations transferred from other accts [86–0304]

                      18

                      1130
                      Appropriations permanently reduced
                      –488

                      1160
                      Appropriation, discretionary (total)
                      8,451
                      9,518
                      9,401

                      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

                      87
                      25

                      1750
                      Spending auth from offsetting collections, disc (total)

                      87
                      25

                      1900
                      Budget authority (total)
                      8,851
                      10,005
                      9,826

                      1930
                      Total budgetary resources available
                      9,076
                      10,263
                      9,826

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      258

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      5,613
                      4,958
                      5,274

                      3010
                      Obligations incurred, unexpired accounts
                      8,818
                      10,263
                      9,826

                      3020
                      Outlays (gross)
                      –9,429
                      –9,947
                      –10,365

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –44

                      3050
                      Unpaid obligations, end of year
                      4,958
                      5,274
                      4,735

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      5,613
                      4,958
                      5,274

                      3200
                      Obligated balance, end of year
                      4,958
                      5,274
                      4,735

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      8,851
                      10,005
                      9,826

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      3,952
                      5,393
                      5,302

                      4011
                      Outlays from discretionary balances
                      5,477
                      4,554
                      5,063

                      4020
                      Outlays, gross (total)
                      9,429
                      9,947
                      10,365

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources

                      –87
                      –25

                      4180
                      Budget authority, net (total)
                      8,851
                      9,918
                      9,801

                      4190
                      Outlays, net (total)
                      9,429
                      9,860
                      10,340

             The Budget requests $9.746 billion for Project-Based Rental Assistance (PBRA), of which $400 million is requested as an advance
                appropriation to become available in 2016. 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 17,400 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 shifts funding for PBRA contracts to a calendar year cycle, which is consistent with current practice in the Tenant-Based
                Rental Assistance and Public Housing programs and should result in more predictable funding cycles in future years. HUD does
                not expect this new funding method to have a significant impact on tenants or other stakeholders because there is no change
                in contract terms or duration.

             The Budget proposes legislative reforms to HUD's core rental assistance programs, including PBRA. In addition to these 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) 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 (2) amends the
                Low-Income Housing Preservation and Resident Homeownership Act (LIHPRHA) to align prepayment and owner distribution policies
                in properties governed by LIHPRHA with other PBRA-assisted properties in order to facilitate preservation transactions. While
                some proposals 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 2014.

             Finally, the Budget proposes to expand eligibility for the Family Self Sufficiency (FSS) program to PBRA properties, and to
                allow certain properties in the Other Assisted Housing account to convert to PBRA via the Rental Assistance Demonstration
                (RAD). More information on these proposals is available under the FSS and RAD headings.

             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. 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 agreements 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 $210 million for this purpose.

             Housing for the ElderlyFor amendments to capital advance contracts for housing for the elderly, as authorized by section 202 of the Housing Act of
             1959, as amended, and for project rental assistance for the elderly under section 202(c)(2) of such Act, including amendments
             to contracts for such assistance and renewal of expiring contracts for such assistance for up to a 1-year term, and for senior
             preservation rental assistance contracts, as authorized by section 811(e) of the American Housing and Economic Opportunity
             Act of 2000, as amended, and for supportive services associated with the housing, [$383,500,000] $440,000,000 to remain available until September 30, [2017] 2018: Provided, That of the amount provided under this heading, up to [$72,000,000] $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 September 30, [2017] 2018: 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 funds, may be used by the
             Secretary for demonstration programs to test housing with services models for the elderly that demonstrate the potential to
             delay or avoid the need for nursing home care: 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. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0320–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Construction and Expansion
                      11
                      64
                      106

                      0002
                      PRAC Renewal/Amendment
                      264
                      302
                      345

                      0003
                      Service Coordinators/Congregate Services
                      86
                      51
                      68

                      0004
                      Conversion to Assisted Living Facilities
                      27
                      20

                      0005
                      Pre-Construction Demonstration
                      1

                      0006
                      Senior Preservation Rental Assistance Contracts

                      16

                      0900
                      Total new obligations (object class 41.0)
                      389
                      453
                      519

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      182
                      156
                      97

                      1021
                      Recoveries of prior year unpaid obligations
                      9

                      1050
                      Unobligated balance (total)
                      191
                      156
                      97

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      375
                      384
                      440

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –2

                      1130
                      Appropriations permanently reduced
                      –20

                      1160
                      Appropriation, discretionary (total)
                      355
                      384
                      438

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected

                      10
                      38

                      1750
                      Spending auth from offsetting collections, disc (total)

                      10
                      38

                      1900
                      Budget authority (total)
                      355
                      394
                      476

                      1930
                      Total budgetary resources available
                      546
                      550
                      573

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –1

                      1941
                      Unexpired unobligated balance, end of year
                      156
                      97
                      54

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      2,807
                      2,318
                      2,088

                      3010
                      Obligations incurred, unexpired accounts
                      389
                      453
                      519

                      3020
                      Outlays (gross)
                      –855
                      –683
                      –801

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –9

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –14

                      3050
                      Unpaid obligations, end of year
                      2,318
                      2,088
                      1,806

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      2,807
                      2,318
                      2,088

                      3200
                      Obligated balance, end of year
                      2,318
                      2,088
                      1,806

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      355
                      394
                      476

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      57
                      132
                      177

                      4011
                      Outlays from discretionary balances
                      798
                      551
                      624

                      4020
                      Outlays, gross (total)
                      855
                      683
                      801

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources

                      –10
                      –38

                      4180
                      Budget authority, net (total)
                      355
                      384
                      438

                      4190
                      Outlays, net (total)
                      855
                      673
                      763

             Since 1959, the Housing for the Elderly program (Section 202) has supported the construction and operation of supportive housing
                for very low-income elderly households, including frail elderly. The Budget provides $350 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 for new supportive housing units. HUD is implementing
                changes authorized by the Consolidated Appropriations Act, 2014 that create a new generation of Section 202 housing with supportive
                services targeted at populations most in need of affordable housing.  HUD will provide assistance to States to fund housing
                projects in coordination with state housing and health care priorities. Funded projects must be leveraged with other capital
                resources, such as Low-Income Housing Tax Credits, HOME funds, and other Federal, state, and local programs, with Section
                202 funds used only for operating assistance. The Budget also continues authorities to make better use of existing resources.
                Using these, HUD will identify residual receipts collections, recaptures, and other unobligated balances to redirect as additional
                investments in housing for the elderly.

             Housing for Persons With DisabilitiesFor amendments to capital advance contracts for supportive housing for persons with disabilities, as authorized by section
             811 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 8013), for project rental assistance for supportive
             housing for persons with disabilities under section 811(d)(2) of such Act and for project assistance contracts pursuant to
             section 202(h) of the Housing Act of 1959 (Public Law 86–372; 73 Stat. 667), including amendments to contracts for such assistance
             and renewal of expiring contracts for such assistance for up to a 1-year term, for project rental assistance to State housing
             finance agencies and other appropriate entities as authorized under section 811(b)(3) of the Cranston-Gonzalez National Housing
             Act, and for supportive services associated with the housing for persons with disabilities as authorized by section 811(b)(1)
             of such Act, [$126,000,000] $160,000,000, to remain available until September 30, [2017] 2018: 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, in this fiscal year, 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 September 30, [2017] 2018: 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. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0237–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Construction and Expansion
                      4
                      34
                      3

                      0002
                      PRAC Renewals/Amendments
                      90
                      98
                      125

                      0003
                      Mainstream Voucher Renewals
                      1

                      0004
                      State Housing Project Rental Assistance

                      226
                      42

                      0005
                      PAC Renewals/Amendments
                      7

                      0900
                      Total new obligations (object class 41.0)
                      102
                      358
                      170

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      184
                      241
                      13

                      1021
                      Recoveries of prior year unpaid obligations
                      4

                      1050
                      Unobligated balance (total)
                      188
                      241
                      13

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      165
                      126
                      160

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –1

                      1130
                      Appropriations permanently reduced
                      –9

                      1160
                      Appropriation, discretionary (total)
                      156
                      126
                      159

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected

                      4
                      17

                      1750
                      Spending auth from offsetting collections, disc (total)

                      4
                      17

                      1900
                      Budget authority (total)
                      156
                      130
                      176

                      1930
                      Total budgetary resources available
                      344
                      371
                      189

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –1

                      1941
                      Unexpired unobligated balance, end of year
                      241
                      13
                      19

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      663
                      540
                      676

                      3010
                      Obligations incurred, unexpired accounts
                      102
                      358
                      170

                      3020
                      Outlays (gross)
                      –218
                      –222
                      –192

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –4

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –3

                      3050
                      Unpaid obligations, end of year
                      540
                      676
                      654

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      663
                      540
                      676

                      3200
                      Obligated balance, end of year
                      540
                      676
                      654

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      156
                      130
                      176

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      16
                      21
                      39

                      4011
                      Outlays from discretionary balances
                      202
                      201
                      153

                      4020
                      Outlays, gross (total)
                      218
                      222
                      192

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources

                      –4
                      –17

                      4180
                      Budget authority, net (total)
                      156
                      126
                      159

                      4190
                      Outlays, net (total)
                      218
                      218
                      175

             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 $135 million to renew and amend operating subsidy contracts
                for existing Section 811 housing, and $25 million for new Project Rental Assistance (PRA) awards to state housing agencies.
                The latter will fund units that serve extremely low-income tenants with disabilities transitioning out of institutions, tenants
                with disabilities at high risk of institutionalization, or tenants with disabilities experiencing homelessness or at high
                risk of homelessness. HUD will continue to fund supportive housing projects in coordination with state housing and health
                care priorities. PRA projects must be 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 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.

             The Budget also continues authorities to make better use of existing resources. Using these, HUD will identify residual receipts
                collections, recaptures, and other unobligated balances to redirect as additional investments in PRA awards.

             Housing Counseling AssistanceFor contracts, grants, and other assistance excluding loans, as authorized under section 106 of the Housing and Urban Development
             Act of 1968, as amended, [$45,000,000] $60,000,000, to remain available until September 30, 2016, including up to $4,500,000 for administrative contract services: Provided, [That grants made available from amounts provided under this heading shall be awarded within 120 days of enactment of this
             Act: Provided further,] 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. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0156–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Housing Counseling Assistance
                      40
                      40
                      55

                      0002
                      Administrative Contract Services
                      2
                      5
                      5

                      0900
                      Total new obligations
                      42
                      45
                      60

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1

                      1
                      1

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      45
                      45
                      60

                      1130
                      Appropriations permanently reduced
                      –2

                      1160
                      Appropriation, discretionary (total)
                      43
                      45
                      60

                      1930
                      Total budgetary resources available
                      43
                      46
                      61

                      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
                      38
                      35
                      18

                      3010
                      Obligations incurred, unexpired accounts
                      42
                      45
                      60

                      3020
                      Outlays (gross)
                      –44
                      –62
                      –54

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      35
                      18
                      24

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      38
                      35
                      18

                      3200
                      Obligated balance, end of year
                      35
                      18
                      24

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      43
                      45
                      60

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      9
                      27
                      36

                      4011
                      Outlays from discretionary balances
                      35
                      35
                      18

                      4020
                      Outlays, gross (total)
                      44
                      62
                      54

                      4180
                      Budget authority, net (total)
                      43
                      45
                      60

                      4190
                      Outlays, net (total)
                      44
                      62
                      54

             The Housing Counseling Assistance Program provides comprehensive housing counseling services to eligible homeowners and tenants
                through grants, oversight, technical assistance and training to non-profit intermediaries, state governmental entities, and
                other agencies with a local or national presence.  Eligible counseling activities include pre- and post-purchase education,
                personal financial management, reverse mortgage counseling, foreclosure prevention, loss mitigation, homelessness prevention,
                and rental counseling. The objectives of the Housing Counseling program include overcoming barriers to stable and affordable
                housing, expanding homeownership opportunities, preventing foreclosure, and deterring discrimination, scams and fraud. In
                accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Housing Counseling Assistance Program will
                implement and oversee the individual testing and certification of all housing counselors providing HUD-approved counseling
                and will launch the Office of Housing Counseling Federal Advisory Committee. The 2015 Budget includes $60 million for this
                program, the bulk of which funds grants to HUD-approved Housing Counseling agencies for direct services.

          Object Classification (in millions of dollars)

                      Identification code 86–0156–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources

                      5
                      5

                      41.0
                      Grants, subsidies, and contributions
                      42
                      40
                      55

                      99.9
                      Total new obligations
                      42
                      45
                      60

             Energy Innovation Fund

             Program and Financing (in millions of dollars)

                      Identification code 86–0401–0–1–272
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Energy Efficient Mortgage Innovation Pilot
                      3

                      0900
                      Total new obligations (object class 41.0)
                      3

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      8

                      1021
                      Recoveries of prior year unpaid obligations
                      1

                      1050
                      Unobligated balance (total)
                      9

                      1930
                      Total budgetary resources available
                      9

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –6

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      40
                      36
                      17

                      3010
                      Obligations incurred, unexpired accounts
                      3

                      3020
                      Outlays (gross)
                      –6
                      –19
                      –9

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –1

                      3050
                      Unpaid obligations, end of year
                      36
                      17
                      8

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      40
                      36
                      17

                      3200
                      Obligated balance, end of year
                      36
                      17
                      8

                      Budget authority and outlays, net:

                      Discretionary:

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      6
                      19
                      9

                      4190
                      Outlays, net (total)
                      6
                      19
                      9

              The Energy Innovation Fund provided support for local initiatives that could 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. There have been no appropriations for this program since 2010 and this account
                now reflects only the liquidation of prior year obligations.

             Emergency Homeowners' Relief Fund

             Program and Financing (in millions of dollars)

                      Identification code 86–0407–0–1–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0701
                      Direct loan subsidy
                      4

                      0900
                      Total new obligations (object class 41.0)
                      4

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      185
                      181

                      1029
                      Other balances withdrawn

                      –181

                      1050
                      Unobligated balance (total)
                      185

                      1930
                      Total budgetary resources available
                      185

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      181

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      215
                      166
                      103

                      3010
                      Obligations incurred, unexpired accounts
                      4

                      3020
                      Outlays (gross)
                      –53
                      –63
                      –66

                      3050
                      Unpaid obligations, end of year
                      166
                      103
                      37

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      215
                      166
                      103

                      3200
                      Obligated balance, end of year
                      166
                      103
                      37

                      Budget authority and outlays, net:

                      Mandatory:

                      Outlays, gross:

                      4101
                      Outlays from mandatory balances
                      53
                      63
                      66

                      4190
                      Outlays, net (total)
                      53
                      63
                      66

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

                      Identification code 86–0407–0–1–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Direct loan levels supportable by subsidy budget authority:

                      115001
                      Emergency Homeowners' Relief
                      4

                      115999
                      Total direct loan levels
                      4

                      Direct loan subsidy (in percent):

                      132001
                      Emergency Homeowners' Relief
                      97.71
                      0.00
                      0.00

                      132999
                      Weighted average subsidy rate
                      97.71
                      0.00
                      0.00

                      Direct loan subsidy budget authority:

                      133001
                      Emergency Homeowners' Relief
                      4

                      133999
                      Total subsidy budget authority
                      4

                      Direct loan subsidy outlays:

                      134001
                      Emergency Homeowners' Relief
                      18

                      134999
                      Total subsidy outlays
                      18

             The Emergency Homeowners' Loan Program (EHLP) provided emergency mortgage assistance to homeowners who were unemployed or
                underemployed due to economic or medical conditions.  The program became effective October 1, 2010 and, per statute, stopped
                accepting applications on September 30, 2011. This account reflects no new obligations but displays the liquidation of prior
                year obligations.

             Emergency Homeowners' Relief Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4357–0–3–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0710
                      Direct loan obligations
                      4

                      0900
                      Total new obligations
                      4

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      3
                      1
                      1

                      1020
                      Adjustment of unobligated bal brought forward, Oct 1
                      –3

                      1029
                      Other balances withdrawn

                      –1
                      –1

                      Financing authority:

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority
                      1

                      1440
                      Borrowing authority, mandatory (total)
                      1

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Positive Subsidy
                      18

                      1800
                      Repayments

                      1
                      1

                      1801
                      Change in uncollected payments, Federal sources
                      –14

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

                      1900
                      Financing authority (total)
                      5
                      1
                      1

                      1930
                      Total budgetary resources available
                      5
                      1
                      1

                      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
                      51
                      36
                      36

                      3010
                      Obligations incurred, unexpired accounts
                      4

                      3020
                      Financing disbursements (gross)
                      –19

                      3050
                      Unpaid obligations, end of year
                      36
                      36
                      36

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –50
                      –36
                      –36

                      3070
                      Change in uncollected pymts, Fed sources, unexpired
                      14

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –36
                      –36
                      –36

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      5
                      1
                      1

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      19

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Federal sources
                      –18

                      4123
                      Repayments of principal, net

                      –1
                      –1

                      4130
                      Offsets against gross financing auth and disbursements (total)
                      –18
                      –1
                      –1

                      Additional offsets against financing authority only (total):

                      4140
                      Change in uncollected pymts, Fed sources, unexpired
                      14

                      4160
                      Financing authority, net (mandatory)
                      1

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

                      4180
                      Financing authority, net (total)
                      1

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

          Status of Direct Loans (in millions of dollars)

                      Identification code 86–4357–0–3–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Position with respect to appropriations act limitation on obligations:

                      1121
                      Limitation available from carry-forward
                      771
                      767
                      767

                      1143
                      Unobligated limitation carried forward (P.L. xx) (-)
                      –767
                      –767
                      –767

                      1150
                      Total direct loan obligations
                      4

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      68
                      63
                      42

                      1231
                      Disbursements: Direct loan disbursements
                      19

                      1251
                      Repayments: Repayments and prepayments

                      –1
                      –1

                      1263
                      Write-offs for default: Direct loans
                      –24
                      –20
                      –20

                      1290
                      Outstanding, end of year
                      63
                      42
                      21

             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
                      2012 actual
                      2013 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      4
                      4

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

                      1401
                      Direct loans receivable, gross
                      68
                      63

                      1405
                      Allowance for subsidy cost (-)
                      –68
                      –63

                      1499
                      Net present value of assets related to direct loans

                      1999
                      Total assets
                      4
                      4

                      LIABILITIES:

                      2103
                      Federal liabilities: Debt payable to Treasury
                      4
                      4

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

             Other Assisted Housing Programs
             Rental Housing AssistanceFor amendments to contracts under section 101 of the Housing and Urban Development Act of 1965 (12 U.S.C. 1701s) and section
             236(f)(2) of the National Housing Act (12 U.S.C. 1715z-1) in State-aided, noninsured rental housing projects, [$21,000,000] $28,000,000, 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]
             [(rescission)][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 rescinded: Provided, That no amounts may be rescinded 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.] (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0206–0–1–999
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Rent supplement
                      14
                      17
                      15

                      0002
                      Homeownership and rental housing assistance (Sections 235 and 236)
                      21
                      26
                      23

                      0900
                      Total new obligations (object class 41.0)
                      35
                      43
                      38

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      70
                      49
                      25

                      1021
                      Recoveries of prior year unpaid obligations
                      28
                      2

                      1025
                      Unobligated balance of contract authority withdrawn
                      –9

                      1029
                      Other balances withdrawn
                      –9

                      1050
                      Unobligated balance (total)
                      80
                      51
                      25

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      1
                      21
                      28

                      1131
                      Unobligated balance of appropriations permanently reduced

                      –4

                      1160
                      Appropriation, discretionary (total)
                      1
                      17
                      28

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      397
                      444
                      22

                      1238
                      Appropriations applied to liquidate contract authority
                      –397
                      –444
                      –22

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      3

                      1750
                      Spending auth from offsetting collections, disc (total)
                      3

                      1900
                      Budget authority (total)
                      4
                      17
                      28

                      1930
                      Total budgetary resources available
                      84
                      68
                      53

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      49
                      25
                      15

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1,961
                      1,574
                      1,243

                      3010
                      Obligations incurred, unexpired accounts
                      35
                      43
                      38

                      3020
                      Outlays (gross)
                      –394
                      –372
                      –300

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –28
                      –2

                      3050
                      Unpaid obligations, end of year
                      1,574
                      1,243
                      981

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1,961
                      1,574
                      1,243

                      3200
                      Obligated balance, end of year
                      1,574
                      1,243
                      981

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      4
                      17
                      28

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      1
                      8
                      13

                      4011
                      Outlays from discretionary balances
                      393
                      364
                      287

                      4020
                      Outlays, gross (total)
                      394
                      372
                      300

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources
                      –3

                      4180
                      Budget authority, net (total)
                      1
                      17
                      28

                      4190
                      Outlays, net (total)
                      391
                      372
                      300

                      Memorandum (non-add) entries:

                      5052
                      Obligated balance, SOY: Contract authority
                      872
                      466
                      22

                      5053
                      Obligated balance, EOY: Contract authority
                      466
                      22

             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 5,000
                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 11,000 units) also have rental
                assistance contracts with HUD through the Rental Assistance Payment (RAP) program.
    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
                   while long term preservation strategies are pursued. The Rental Assistance Demonstration (RAD) currently enables owners of
                   properties with expiring Rent Supplement or RAP contracts to convert their assistance to long-term, project-based voucher
                   contracts. The Budget proposes to extend and expand RAD conversion options for Rent Supplement and RAP contracts. More information
                   on this Demonstration is available under the RAD heading.

             Homeownership and Opportunity for People Everywhere Grants (HOPE Grants)

             Program and Financing (in millions of dollars)

                      Identification code 86–0196–0–1–604
                      2013 actual
                      2014 est.
                      2015 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.

             Green Retrofit Program for Multifamily Housing, Recovery Act

             Program and Financing (in millions of dollars)

                      Identification code 86–0306–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Direct program activity
                      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
                      4
                      1

                      3010
                      Obligations incurred, unexpired accounts
                      1

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –4
                      –1

                      3050
                      Unpaid obligations, end of year
                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      4
                      1

                      3200
                      Obligated balance, end of year
                      1

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      1

                      4180
                      Budget authority, net (total)
                      1

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

                      Identification code 86–0306–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Direct loan downward reestimates:

                      137001
                      Energy Retrofit Loans

                      –5

                      137999
                      Total downward reestimate budget authority

                      –5

             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).

             Rental Housing Assistance Fund

             Program and Financing (in millions of dollars)

                      Identification code 86–4041–0–3–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0801
                      Transfer to HUD's Flexible Subsidy Fund
                      3

                      0900
                      Total new obligations (object class 94.0)
                      3

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      4
                      4
                      7

                      Budget authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      3
                      3
                      3

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

                      1930
                      Total budgetary resources available
                      7
                      7
                      10

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      4
                      7
                      10

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      Obligations incurred, unexpired accounts
                      3

                      3020
                      Outlays (gross)
                      –3

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      3
                      3
                      3

                      Outlays, gross:

                      4101
                      Outlays from mandatory balances
                      3

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4123
                      Non-Federal sources
                      –3
                      –3
                      –3

                      4190
                      Outlays, net (total)

                      –3
                      –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 Consolidated Appropriations Act, 2014 included a general provision that eliminated the mandated 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
                      2013 actual
                      2014 est.
                      2015 est.

                      Reimbursable obligations:

                      94.0
                      Financial transfers
                      3

                      99.0
                      Reimbursable obligations
                      3

             Flexible Subsidy Fund

             Program and Financing (in millions of dollars)

                      Identification code 86–4044–0–3–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      255
                      294
                      338

                      Budget authority:

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      41
                      44
                      44

                      1723
                      New and/or unobligated balance of spending authority from offsetting collections temporarily reduced
                      –2

                      1750
                      Spending auth from offsetting collections, disc (total)
                      39
                      44
                      44

                      1930
                      Total budgetary resources available
                      294
                      338
                      382

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      294
                      338
                      382

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      39
                      44
                      44

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4030
                      Federal sources
                      –3

                      4033
                      Non-Federal sources
                      –38
                      –44
                      –44

                      4040
                      Offsets against gross budget authority  and outlays (total)
                      –41
                      –44
                      –44

                      4070
                      Budget authority, net (discretionary)
                      –2

                      4080
                      Outlays, net (discretionary)
                      –41
                      –44
                      –44

                      4180
                      Budget authority, net (total)
                      –2

                      4190
                      Outlays, net (total)
                      –41
                      –44
                      –44

                      Memorandum (non-add) entries:

                      5090
                      Unavailable balance, SOY: Offsetting collections

                      2
                      2

                      5091
                      Unavailable balance, EOY: Offsetting collections
                      2
                      2
                      2

          Status of Direct Loans (in millions of dollars)

                      Identification code 86–4044–0–3–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      533
                      508
                      483

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

                      1290
                      Outstanding, end of year
                      508
                      483
                      458

             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 Consolidated Appropriations Act, 2014 included a general provision that eliminated the mandated 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
                      2012 actual
                      2013 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      255
                      296

                      1601
                      Direct loans, gross
                      508
                      479

                      1602
                      Interest receivable
                      96
                      92

                      1603
                      Allowance for estimated uncollectible loans and interest (-)
                      –44
                      –49

                      1699
                      Value of assets related to direct loans
                      560
                      522

                      1999
                      Total assets
                      815
                      818

                      NET POSITION:

                      3100
                      Unexpended appropriations
                      255
                      296

                      3300
                      Cumulative results of operations
                      560
                      522

                      3999
                      Total net position
                      815
                      818

                      4999
                      Total liabilities and net position
                      815
                      818

             Home Ownership Preservation Equity Fund Program Account

             Program and Financing (in millions of dollars)

                      Identification code 86–0343–0–1–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      461
                      462

                      1023
                      Unobligated balances applied to repay debt

                      –462

                      1050
                      Unobligated balance (total)
                      461

                      Budget authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      1

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

                      1900
                      Budget authority (total)
                      1

                      1930
                      Total budgetary resources available
                      462

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      462

                      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

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      1

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4120
                      Federal sources
                      –1

                      4190
                      Outlays, net (total)
                      –1

             The HOPE for Homeowners program was created by the Housing and Economic Recovery Act of 2008 to help homeowners at risk of
                default and foreclosure refinance into more affordable, sustainable loans. Under the Program, eligible homeowners refinanced
                their current mortgage loans into a new mortgage insured by FHA. The program ended on September 30, 2011. This account now
                only reflects the liquidation of prior year obligations.

             Home Ownership Preservation Entity Fund Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4353–0–3–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0711
                      Default claim payments on principal
                      3
                      2
                      2

                      0712
                      Default claim payments on interest

                      1
                      1

                      0900
                      Total new obligations
                      3
                      3
                      3

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      20
                      19
                      17

                      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
                      22
                      20
                      18

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      19
                      17
                      15

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      1

                      3010
                      Obligations incurred, unexpired accounts
                      3
                      3
                      3

                      3020
                      Financing disbursements (gross)
                      –3
                      –2
                      –2

                      3050
                      Unpaid obligations, end of year

                      1
                      2

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year

                      1

                      3200
                      Obligated balance, end of year

                      1
                      2

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      2
                      1
                      1

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      3
                      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
                      2013 actual
                      2014 est.
                      2015 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
                      122
                      113
                      109

                      2251
                      Repayments and prepayments
                      –6
                      –2
                      –2

                      2262
                      Adjustments: Terminations for default that result in acquisition of property
                      –3
                      –2
                      –2

                      2290
                      Outstanding, end of year
                      113
                      109
                      105

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      113
                      109
                      105

             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
                      2012 actual
                      2013 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      16
                      20

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

                      1504
                      Foreclosed property

                      1

                      1505
                      Allowance for subsidy cost (-)

                      –1

                      1599
                      Net present value of assets related to defaulted guaranteed loans

                      1999
                      Total assets
                      16
                      20

                      LIABILITIES:

                      2204
                      Non-Federal liabilities: Liabilities for loan guarantees
                      16
                      20

                      4999
                      Total liabilities and net position
                      16
                      20

             Nehemiah Housing Opportunity Fund

             Program and Financing (in millions of dollars)

                      Identification code 86–4071–0–3–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1

                      1
                      1

                      1021
                      Recoveries of prior year unpaid obligations
                      1

                      1029
                      Other balances withdrawn

                      –1

                      1050
                      Unobligated balance (total)
                      1
                      1

                      1930
                      Total budgetary resources available
                      1
                      1

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      1
                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      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.

             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] 2016: Provided, That during fiscal year [2014] 2015, 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] $170,000,000, to remain available until September 30, [2015] 2016, of which up to $15,000,000 may be used for necessary salaries and expenses of the Federal Housing Administration, which
                is in addition to amounts otherwise provided under this title for such purposes: Provided further, That any amounts to be
                used in fiscal year 2015 for such salaries and expenses pursuant to the previous proviso shall be transferred to the "Housing"
                account under the heading "Program Office Salaries and Expenses" under this title and shall remain available until September
                30, 2015, and any such transferred amounts may be transferred back to this account on or before September 30, 2015, and shall
                remain available until September 30, 2016: Provided further, That to the extent guaranteed loan commitments exceed $200,000,000,000 on or before April 1, 2014, 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: Provided further, That receipts from administrative support fees collected pursuant to section 202 of the National Housing
                Act, as amended by section 244 of this title, shall be credited as offsetting collections to this account. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0183–0–1–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0707
                      Reestimates of loan guarantee subsidy
                      22,744
                      5,067

                      0708
                      Interest on reestimates of loan guarantee subsidy
                      4,929
                      702

                      0709
                      Administrative expenses
                      110
                      161
                      169

                      0900
                      Total new obligations
                      27,783
                      5,930
                      169

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      15
                      34

                      1001
                      Discretionary unobligated balance brought fwd, Oct 1
                      15

                      1011
                      Unobligated balance transfer from other accts [86–0236]
                      3,293

                      1020
                      Adjustment of unobligated bal brought forward, Oct 1
                      1

                      1021
                      Recoveries of prior year unpaid obligations
                      1

                      1050
                      Unobligated balance (total)
                      3,310
                      34

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation - Administrative Expenses
                      207
                      127
                      170

                      1120
                      Appropriations transferred to other accts [86–4586]
                      –68

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –1

                      1130
                      Appropriations permanently reduced
                      –11

                      1160
                      Appropriation, discretionary (total)
                      128
                      127
                      169

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      1,686

                      1260
                      Appropriations, mandatory (total)
                      1,686

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected

                      30

                      1725
                      Spending authority from offsetting collections precluded from obligation (limitation on obligations)

                      –30

                      Spending authority from offsetting collections, mandatory:

                      1811
                      Spending authority from offsetting collections transferred from other accounts [86–0236]
                      22,694
                      5,769

                      1850
                      Spending auth from offsetting collections, mand (total)
                      22,694
                      5,769

                      1900
                      Budget authority (total)
                      24,508
                      5,896
                      169

                      1930
                      Total budgetary resources available
                      27,818
                      5,930
                      169

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –1

                      1941
                      Unexpired unobligated balance, end of year
                      34

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      155
                      148
                      207

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

                      3010
                      Obligations incurred, unexpired accounts
                      27,783
                      5,930
                      169

                      3020
                      Outlays (gross)
                      –27,780
                      –5,871
                      –147

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –1

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –8

                      3050
                      Unpaid obligations, end of year
                      148
                      207
                      229

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      154
                      148
                      207

                      3200
                      Obligated balance, end of year
                      148
                      207
                      229

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      128
                      127
                      169

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      11
                      13
                      17

                      4011
                      Outlays from discretionary balances
                      96
                      89
                      130

                      4020
                      Outlays, gross (total)
                      107
                      102
                      147

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources

                      –30

                      Mandatory:

                      4090
                      Budget authority, gross
                      24,380
                      5,769

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      24,380
                      5,769

                      4101
                      Outlays from mandatory balances
                      3,293

                      4110
                      Outlays, gross (total)
                      27,673
                      5,769

                      4180
                      Budget authority, net (total)
                      24,508
                      5,896
                      139

                      4190
                      Outlays, net (total)
                      27,780
                      5,871
                      117

                      Memorandum (non-add) entries:

                      5091
                      Unavailable balance, EOY: Offsetting collections

                      30

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

                      Identification code 86–0183–0–1–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Direct loan levels supportable by subsidy budget authority:

                      115001
                      MMI Fund, Direct loans

                      20
                      20

                      115999
                      Total direct loan levels

                      20
                      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
                      240,126
                      139,737
                      134,707

                      215004
                      MMI HECM
                      14,776
                      13,493
                      15,860

                      215005
                      MMI Refi
                      262
                      300
                      75

                      215999
                      Total loan guarantee levels
                      255,164
                      153,530
                      150,642

                      Guaranteed loan subsidy (in percent):

                      232002
                      MMI Fund
                      –7.11
                      –7.25
                      –9.03

                      232004
                      MMI HECM
                      –2.47
                      –0.41
                      –0.23

                      232005
                      MMI Refi
                      0.00
                      0.00
                      0.00

                      232999
                      Weighted average subsidy rate
                      –6.83
                      –6.63
                      –8.10

                      Guaranteed loan subsidy budget authority:

                      233002
                      MMI Fund
                      –17,078
                      –10,131
                      –12,164

                      233004
                      MMI HECM
                      –366
                      –55
                      –36

                      233007
                      HAWK Pilot

                      10

                      233999
                      Total subsidy budget authority
                      –17,444
                      –10,186
                      –12,190

                      Guaranteed loan subsidy outlays:

                      234002
                      MMI Fund
                      –17,079
                      –10,131
                      –12,164

                      234004
                      MMI HECM
                      –366
                      –55
                      –36

                      234007
                      HAWK Pilot

                      10

                      234999
                      Total subsidy outlays
                      –17,445
                      –10,186
                      –12,190

                      Guaranteed loan upward reestimates:

                      235002
                      MMI Fund
                      22,156
                      4,722

                      235004
                      MMI HECM
                      5,517
                      1,046

                      235999
                      Total upward reestimate budget authority
                      27,673
                      5,768

                      Guaranteed loan downward reestimates:

                      237002
                      MMI Fund
                      –5,241
                      –1,488

                      237004
                      MMI HECM

                      –1,762

                      237999
                      Total downward reestimate subsidy budget authority
                      –5,241
                      –3,250

                      Administrative expense data:

                      3510
                      Budget authority
                      128
                      161
                      169

                      3580
                      Outlays from balances
                      96
                      89
                      47

                      3590
                      Outlays from new authority
                      11
                      13
                      13

             The Federal Housing Administration (FHA) provides mortgage insurance to encourage lenders to make credit available to borrowers
                for whom 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 2015, the Budget requests a limitation of $400 billion on loan guarantees for the Mutual Mortgage Insurance (MMI) Fund.
                The Budget projects insurance of $135 billion in single family forward mortgages and $15.9 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 six times, the most recent increase was implemented in May 2013. Additionally,
                FHA ended a policy whereby borrowers were permitted to stop paying annual insurance premiums when their loans amortized to
                a certain percentage of the original principal balance. FHA also now requires manual underwriting for loans with credit scores
                below 620 and debt-to-income ratios greater than 43 percent in order to ensure that such borrowers possess compensating factors
                that accord with FHA underwriting guidelines.

             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 , create certainty for FHA approved lenders, and enhance loss mitigation opportunities for borrowers
                with FHA approved loans. In total, all these steps will reduce losses to the MMI Fund.

             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._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.

             Directed Sub-Servicing._HUD will seek authority enabling FHA to, on a case by case basis, require third party servicing of loans by institutions better
                equipped to reduce losses to the fund and assist borrowers.

             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 $170 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 also requests authority to charge
                lenders an administrative support fee, which would generate an estimated $30 million in offsetting collections in this account.
                These additional resources will fund enhancements to administrative contract support and FHA staffing, with a focus on increasing
                the number of loans reviewed annually for quality assurance. By increasing capacity to review recently endorsed loans, FHA
                will ensure lender compliance with FHA endorsement policies and reduce losses to the FHA insurance fund. The Budget allows
                for a transfer of up to $15 million from this account to the Office of Housing Salaries and Expenses 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
                      2013 actual
                      2014 est.
                      2015 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      110
                      161
                      169

                      41.0
                      Grants, subsidies, and contributions
                      22,744
                      5,067

                      43.0
                      Interest and dividends
                      4,929
                      702

                      99.9
                      Total new obligations
                      27,783
                      5,930
                      169

             FHA-mutual Mortgage Insurance Direct Loan Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4242–0–3–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0003
                      Claims & other

                      4
                      4

                      Credit program obligations:

                      0710
                      Direct loan obligations

                      20
                      20

                      0713
                      Payment of interest to Treasury

                      2
                      2

                      0791
                      Direct program activities, subtotal

                      22
                      22

                      0900
                      Total new obligations

                      26
                      26

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      5
                      6
                      25

                      Financing authority:

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority
                      1
                      20
                      20

                      1440
                      Borrowing authority, mandatory (total)
                      1
                      20
                      20

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected

                      25
                      25

                      1850
                      Spending auth from offsetting collections, mand (total)

                      25
                      25

                      1900
                      Financing authority (total)
                      1
                      45
                      45

                      1930
                      Total budgetary resources available
                      6
                      51
                      70

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      6
                      25
                      44

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      Obligations incurred, unexpired accounts

                      26
                      26

                      3020
                      Financing disbursements (gross)

                      –26
                      –26

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      1
                      45
                      45

                      Financing disbursements:

                      4110
                      Financing disbursements, gross

                      26
                      26

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4122
                      Interest on uninvested funds

                      –1
                      –1

                      4123
                      Repayment of Principal

                      –20
                      –20

                      4123
                      Repayment of interest

                      –4
                      –4

                      4130
                      Offsets against gross financing auth and disbursements (total)

                      –25
                      –25

                      4160
                      Financing authority, net (mandatory)
                      1
                      20
                      20

                      4170
                      Financing disbursements, net (mandatory)

                      1
                      1

                      4180
                      Financing authority, net (total)
                      1
                      20
                      20

                      4190
                      Financing disbursements, net (total)

                      1
                      1

          Status of Direct Loans (in millions of dollars)

                      Identification code 86–4242–0–3–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Position with respect to appropriations act limitation on obligations:

                      1111
                      Limitation on direct loans
                      50
                      20
                      20

                      1142
                      Unobligated direct loan limitation (-)
                      –50

                      1150
                      Total direct loan obligations

                      20
                      20

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year

                      1231
                      Disbursements: Direct loan disbursements

                      20
                      20

                      1251
                      Repayments: Repayments and prepayments

                      –20
                      –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.

          Balance Sheet (in millions of dollars)

                      Identification code 86–4242–0–3–371
                      2012 actual
                      2013 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      5
                      6

                      1405
                      Net value of assets related to post-1991 direct loans receivable: Allowance for subsidy cost (-)

                      –5

                      1999
                      Total assets
                      5
                      1

                      LIABILITIES:

                      Federal liabilities:

                      2103
                      Federal Liabilities - Debt
                      1
                      1

                      2104
                      Resources payable to Treasury
                      4

                      2999
                      Total liabilities
                      5
                      1

                      4999
                      Total liabilities and net position
                      5
                      1

             FHA-mutual Mortgage Insurance Guaranteed Loan Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4587–0–3–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0003
                      Other capital investment & operating expenses
                      3,310
                      2,835
                      3,111

                      Credit program obligations:

                      0711
                      Default claim payments on principal
                      22,873
                      34,667
                      25,219

                      0712
                      Default claim payments on interest
                      2,541
                      596
                      434

                      0713
                      Payment of interest to Treasury
                      710
                      700
                      700

                      0740
                      Negative subsidy obligations
                      17,444
                      10,186
                      12,190

                      0742
                      Downward reestimate paid to receipt account
                      5,102
                      2,463

                      0743
                      Interest on downward reestimates
                      139
                      786

                      0791
                      Direct program activities, subtotal
                      48,809
                      49,398
                      38,543

                      0900
                      Total new obligations
                      52,119
                      52,233
                      41,654

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      33,167
                      46,336
                      28,797

                      1021
                      Recoveries of prior year unpaid obligations
                      381

                      1050
                      Unobligated balance (total)
                      33,548
                      46,336
                      28,797

                      Financing authority:

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority
                      17,603
                      8,600
                      8,600

                      1440
                      Borrowing authority, mandatory (total)
                      17,603
                      8,600
                      8,600

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Offsetting collections
                      51,514
                      28,194
                      26,284

                      1825
                      Spending authority from offsetting collections applied to repay debt
                      –4,210
                      –2,100
                      –2,100

                      1850
                      Spending auth from offsetting collections, mand (total)
                      47,304
                      26,094
                      24,184

                      1900
                      Financing authority (total)
                      64,907
                      34,694
                      32,784

                      1930
                      Total budgetary resources available
                      98,455
                      81,030
                      61,581

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      46,336
                      28,797
                      19,927

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1,931
                      2,017
                      2,548

                      3010
                      Obligations incurred, unexpired accounts
                      52,119
                      52,233
                      41,654

                      3020
                      Financing disbursements (gross)
                      –51,652
                      –51,702
                      –40,993

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –381

                      3050
                      Unpaid obligations, end of year
                      2,017
                      2,548
                      3,209

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1,931
                      2,017
                      2,548

                      3200
                      Obligated balance, end of year
                      2,017
                      2,548
                      3,209

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      64,907
                      34,694
                      32,784

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      51,652
                      51,702
                      40,993

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Transfer of Reestimates from reserves in Capital Reserve account
                      –27,673
                      –5,769

                      4122
                      Interest on uninvested funds
                      –1,992
                      –2,000
                      –1,500

                      4123
                      Fees and premiums
                      –11,176
                      –14,109
                      –14,617

                      4123
                      Recoveries on defaults
                      –10,673
                      –6,316
                      –10,167

                      4130
                      Offsets against gross financing auth and disbursements (total)
                      –51,514
                      –28,194
                      –26,284

                      4160
                      Financing authority, net (mandatory)
                      13,393
                      6,500
                      6,500

                      4170
                      Financing disbursements, net (mandatory)
                      138
                      23,508
                      14,709

                      4180
                      Financing authority, net (total)
                      13,393
                      6,500
                      6,500

                      4190
                      Financing disbursements, net (total)
                      138
                      23,508
                      14,709

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 86–4587–0–3–371
                      2013 actual
                      2014 est.
                      2015 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
                      –144,836
                      –246,470
                      –249,358

                      2150
                      Total guaranteed loan commitments
                      255,164
                      153,530
                      150,642

                      2199
                      Guaranteed amount of guaranteed loan commitments
                      255,164
                      153,530
                      150,642

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      1,114,221
                      1,139,529
                      1,107,265

                      2231
                      Disbursements of new guaranteed loans
                      255,164
                      153,528
                      147,933

                      2251
                      Repayments and prepayments
                      –204,569
                      –150,541
                      –132,960

                      Adjustments:

                      2261
                      Terminations for default that result in loans receivable
                      –7,438
                      –6,294
                      –5,713

                      2262
                      Terminations for default that result in acquisition of property
                      –15,086
                      –25,594
                      –17,502

                      2263
                      Terminations for default that result in claim payments
                      –2,763
                      –3,363
                      –2,940

                      2290
                      Outstanding, end of year
                      1,139,529
                      1,107,265
                      1,096,083

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      1,044,197
                      1,107,265
                      1,096,083

                      Addendum:

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

                      2310
                      Outstanding, start of year
                      1,744
                      3,487
                      5,951

                      2331
                      Disbursements for guaranteed loan claims
                      7,438
                      6,294
                      5,713

                      2351
                      Repayments of loans receivable
                      –2,275
                      –3,830
                      –2,850

                      2361
                      Write-offs of loans receivable
                      –3,420

                      2390
                      Outstanding, end of year
                      3,487
                      5,951
                      8,814

             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
                      2012 actual
                      2013 actual

                      ASSETS:

                      Federal assets:

                      1101
                      Fund balances with Treasury
                      35,098
                      48,353

                      Investments in US securities:

                      1106
                      Receivables, net
                      20,643
                      7,357

                      1206
                      Non-Federal assets: Receivables, net
                      621

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

                      1501
                      Defaulted guaranteed loans receivable, gross
                      1,744
                      3,487

                      1502
                      Interest receivable
                      41
                      163

                      1504
                      Foreclosed property
                      4,888
                      4,500

                      1505
                      Allowance for subsidy cost
                      –4,482
                      –4,957

                      1599
                      Net value of assets related to defaulted guaranteed loan
                      2,191
                      3,193

                      1901
                      Other Federal assets: Other assets
                      260
                      379

                      1999
                      Total assets
                      58,813
                      59,282

                      LIABILITIES:

                      Federal liabilities:

                      2101
                      Accounts payable
                      6,316
                      8

                      2103
                      Federal liabilities, Debt
                      8,655
                      22,048

                      2105
                      Other

                      4,830

                      Non-Federal liabilities:

                      2201
                      Accounts payable
                      485
                      47

                      2204
                      Liabilities for loan guarantees
                      42,635
                      32,207

                      2207
                      Other
                      722
                      142

                      2999
                      Total liabilities
                      58,813
                      59,282

                      4999
                      Total liabilities and net position
                      58,813
                      59,282

             FHA-mutual Mortgage Insurance Capital Reserve Account

             Program and Financing (in millions of dollars)

                      Identification code 86–0236–0–1–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      3,309
                      2
                      7,877

                      1010
                      Unobligated balance transfer to other accts [86–0183]
                      –3,293

                      1010
                      Unobligated balance transfer to other accts [86–4070]
                      –16

                      1050
                      Unobligated balance (total)

                      2
                      7,877

                      Budget authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Offsetting collections (negative subsidy)
                      17,444
                      10,186
                      12,190

                      1800
                      Offsetting collections (interest on investments)
                      10
                      208
                      382

                      1800
                      Offsetting collections (downward reestimate)
                      5,241
                      3,250

                      1801
                      Change in uncollected payments, Federal sources
                      1

                      1810
                      Spending authority from offsetting collections transferred to other accounts [86–0183]
                      –22,694
                      –5,769

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

                      –8

                      1850
                      Spending auth from offsetting collections, mand (total)
                      2
                      7,875
                      12,564

                      1930
                      Total budgetary resources available
                      2
                      7,877
                      20,441

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      2
                      7,877
                      20,441

                      Change in obligated balance:

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –1
                      –2
                      –2

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

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –2
                      –2
                      –2

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      –1
                      –2
                      –2

                      3200
                      Obligated balance, end of year
                      –2
                      –2
                      –2

                      Budget authority and outlays, net:

                      Discretionary:

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4030
                      Federal sources
                      –17,444
                      –10,186
                      –12,190

                      Mandatory:

                      4090
                      Budget authority, gross
                      2
                      7,875
                      12,564

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4120
                      Federal Sources: Downward Re-estimate
                      –5,241
                      –3,250

                      4121
                      Interest on Federal securities
                      –10
                      –208
                      –382

                      4130
                      Offsets against gross budget authority and outlays (total)
                      –5,251
                      –3,458
                      –382

                      Additional offsets against gross budget authority only:

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

                      4160
                      Budget authority, net (mandatory)
                      –5,250
                      4,417
                      12,182

                      4170
                      Outlays, net (mandatory)
                      –5,251
                      –3,458
                      –382

                      4180
                      Budget authority, net (total)
                      –22,694
                      –5,769
                      –8

                      4190
                      Outlays, net (total)
                      –22,695
                      –13,644
                      –12,572

                      Memorandum (non-add) entries:

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

                      7,877

                      5001
                      Total investments, EOY: Federal securities: Par value

                      7,877
                      21,044

              The Capital Reserve account is the ultimate depository for all net budgetary resources collected by the Mutual Mortgage Insurance
                (MMI) Fund programs. Negative credit subsidy receipts from new loan guarantees and downward re-estimates as well as interest
                earnings on Treasury investments are recorded in this account.  This account has no authority to obligate funds but transfers
                balances of budget authority as necessary for the cost of upward credit subsidy re-estimates in the MMI Program Account.

          Balance Sheet (in millions of dollars)

                      Identification code 86–0236–0–1–371
                      2012 actual
                      2013 actual

                      ASSETS:

                      Federal assets:

                      1101
                      Fund balances with Treasury
                      537

                      Investments in US securities:

                      1102
                      Treasury securities, net
                      2,772

                      1106
                      Receivables, net
                      21,051
                      4,830

                      1999
                      Total assets
                      24,360
                      4,830

                      LIABILITIES:

                      2101
                      Federal liabilities: Accounts payable
                      20,643
                      2,303

                      NET POSITION:

                      3300
                      Cumulative results of operations
                      3,717
                      2,527

                      4999
                      Total liabilities and net position
                      24,360
                      4,830

             FHA-mutual Mortgage and Cooperative Housing Insurance Funds Liquidating Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4070–0–3–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0103
                      Acquisition of real properties
                      25
                      29
                      28

                      0107
                      Capitalized expenses
                      5
                      6
                      6

                      0108
                      Loss mitigation activities
                      1
                      1
                      1

                      0191
                      Total capital investment
                      31
                      36
                      35

                      0202
                      Other Operation expenses
                      4
                      4
                      4

                      0900
                      Total new obligations
                      35
                      40
                      39

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      3
                      16
                      2

                      1011
                      Unobligated balance transfer from other accts [86–0236]
                      16

                      1021
                      Recoveries of prior year unpaid obligations
                      8
                      5
                      7

                      1050
                      Unobligated balance (total)
                      27
                      21
                      9

                      Budget authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      24
                      21
                      22

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

                      8

                      1850
                      Spending auth from offsetting collections, mand (total)
                      24
                      21
                      30

                      1930
                      Total budgetary resources available
                      51
                      42
                      39

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      16
                      2

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      156
                      150
                      89

                      3010
                      Obligations incurred, unexpired accounts
                      35
                      40
                      39

                      3020
                      Outlays (gross)
                      –33
                      –96
                      –90

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –8
                      –5
                      –7

                      3050
                      Unpaid obligations, end of year
                      150
                      89
                      31

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      156
                      150
                      89

                      3200
                      Obligated balance, end of year
                      150
                      89
                      31

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      24
                      21
                      30

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      24
                      21
                      30

                      4101
                      Outlays from mandatory balances
                      9
                      75
                      60

                      4110
                      Outlays, gross (total)
                      33
                      96
                      90

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4123
                      Non-Federal sources - Fees & Premiums
                      –24
                      –21
                      –22

                      4180
                      Budget authority, net (total)

                      8

                      4190
                      Outlays, net (total)
                      9
                      75
                      68

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 86–4070–0–3–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      3,680
                      2,300
                      1,657

                      2251
                      Repayments and prepayments
                      –1,355
                      –631
                      –524

                      2262
                      Adjustments: Terminations for default that result in acquisition of property
                      –25
                      –12
                      –12

                      2290
                      Outstanding, end of year
                      2,300
                      1,657
                      1,121

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      2,300
                      1,657
                      1,121

                      Addendum:

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

                      2310
                      Outstanding, start of year
                      17
                      17
                      12

                      2331
                      Disbursements for guaranteed loan claims

                      12
                      12

                      2351
                      Repayments of loans receivable

                      –9
                      –6

                      2361
                      Write-offs of loans receivable

                      –8
                      –6

                      2390
                      Outstanding, end of year
                      17
                      12
                      12

             This account records all cash flows to and from the Government resulting from FHA Mutual Mortgage and Cooperative Housing
                Fund loans insured prior to 1992 and is shown on a cash basis. All new activity in these programs in 1992 and thereafter (including
                modifications of loans insured in any year) is recorded in the corresponding program and financing accounts.

             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
                      2012 actual
                      2013 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      159
                      165

                      1206
                      Non-Federal assets: Receivables, net
                      5
                      8

                      1701
                      Defaulted guaranteed loans, gross
                      17
                      17

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

                      1704
                      Defaulted guaranteed loans and interest receivable, net
                      7
                      7

                      1706
                      Foreclosed property

                      8

                      1799
                      Value of assets related to loan guarantees
                      7
                      15

                      1901
                      Other Federal assets: Other assets
                      1
                      1

                      1999
                      Total assets
                      172
                      189

                      LIABILITIES:

                      Non-Federal liabilities:

                      2201
                      Accounts payable
                      136
                      147

                      2204
                      Liabilities for loan guarantees
                      11
                      6

                      2207
                      Unearned revenue and advances, and other
                      14
                      23

                      2999
                      Total liabilities
                      161
                      176

                      NET POSITION:

                      3300
                      Cumulative results of operations
                      11
                      13

                      4999
                      Total liabilities and net position
                      172
                      189

          Object Classification (in millions of dollars)

                      Identification code 86–4070–0–3–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      9
                      10
                      10

                      32.0
                      Land and structures
                      25
                      29
                      28

                      42.0
                      Insurance claims and indemnities
                      1
                      1
                      1

                      99.9
                      Total new obligations
                      35
                      40
                      39

             General and Special Risk Program AccountNew 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] 2016: Provided, That during fiscal year [2014] 2015, 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. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0200–0–1–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0707
                      Reestimates of loan guarantee subsidy
                      4,096
                      166

                      0708
                      Interest on reestimates of loan guarantee subsidy
                      1,586
                      44

                      0900
                      Total new obligations (object class 41.0)
                      5,682
                      210

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      16
                      16
                      16

                      Budget authority:

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      5,682
                      210

                      1260
                      Appropriations, mandatory (total)
                      5,682
                      210

                      1900
                      Budget authority (total)
                      5,682
                      210

                      1930
                      Total budgetary resources available
                      5,698
                      226
                      16

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      16
                      16
                      16

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      8
                      5

                      3010
                      Obligations incurred, unexpired accounts
                      5,682
                      210

                      3020
                      Outlays (gross)
                      –5,682
                      –215

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –3

                      3050
                      Unpaid obligations, end of year
                      5

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      8
                      5

                      3200
                      Obligated balance, end of year
                      5

                      Budget authority and outlays, net:

                      Discretionary:

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances

                      5

                      Mandatory:

                      4090
                      Budget authority, gross
                      5,682
                      210

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      5,682
                      210

                      4180
                      Budget authority, net (total)
                      5,682
                      210

                      4190
                      Outlays, net (total)
                      5,682
                      215

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

                      Identification code 86–0200–0–1–371
                      2013 actual
                      2014 est.
                      2015 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
                      1,833
                      2,044
                      2,044

                      215003
                      Tax Credit New Construction
                      1,460
                      2,034
                      2,096

                      215005
                      Apartments Refinance
                      13,312
                      10,337
                      8,155

                      215008
                      Housing Finance Authority Risk Sharing
                      205
                      280
                      230

                      215009
                      GSE Risk Sharing
                      140
                      138
                      184

                      215010
                      Health Care and Nursing Homes
                      381
                      521
                      521

                      215011
                      Health Care Refinances
                      5,897
                      6,390
                      6,390

                      215012
                      Hospitals
                      889
                      1,050
                      1,100

                      215013
                      Other Rental
                      93
                      121
                      122

                      215017
                      Title 1 Property Improvement
                      107
                      98
                      77

                      215018
                      Title 1 Manufactured Housing
                      39
                      26
                      26

                      215999
                      Total loan guarantee levels
                      24,356
                      23,039
                      20,945

                      Guaranteed loan subsidy (in percent):

                      232001
                      Multifamily Development
                      –2.51
                      –3.58
                      –3.65

                      232003
                      Tax Credit New Construction
                      –3.15
                      –3.26
                      –3.19

                      232005
                      Apartments Refinance
                      –4.65
                      –4.18
                      –4.69

                      232008
                      Housing Finance Authority Risk Sharing
                      –3.41
                      –2.85
                      –2.67

                      232009
                      GSE Risk Sharing
                      –2.15
                      –1.16
                      –0.89

                      232010
                      Health Care and Nursing Homes
                      –3.15
                      –1.16
                      –4.23

                      232011
                      Health Care Refinances
                      –4.29
                      –4.04
                      –4.33

                      232012
                      Hospitals
                      –6.41
                      –4.09
                      –4.45

                      232013
                      Other Rental
                      –1.08
                      –0.41
                      –3.39

                      232017
                      Title 1 Property Improvement
                      0.00
                      –0.10
                      –0.76

                      232018
                      Title 1 Manufactured Housing
                      –2.58
                      –1.66
                      –2.13

                      232999
                      Weighted average subsidy rate
                      –4.29
                      –3.86
                      –4.22

                      Guaranteed loan subsidy budget authority:

                      233001
                      Multifamily Development
                      –46
                      –73
                      –75

                      233003
                      Tax Credit New Construction
                      –46
                      –66
                      –67

                      233005
                      Apartments Refinance
                      –619
                      –432
                      –382

                      233008
                      Housing Finance Authority Risk Sharing
                      –7
                      –8
                      –6

                      233009
                      GSE Risk Sharing
                      –3
                      –2
                      –2

                      233010
                      Health Care and Nursing Homes
                      –12
                      –6
                      –22

                      233011
                      Health Care Refinances
                      –253
                      –258
                      –277

                      233012
                      Hospitals
                      –57
                      –43
                      –49

                      233013
                      Other Rental
                      –1

                      –4

                      233017
                      Title 1 Property Improvement

                      –1

                      233018
                      Title 1 Manufactured Housing
                      –1

                      –1

                      233999
                      Total subsidy budget authority
                      –1,045
                      –888
                      –886

                      Guaranteed loan subsidy outlays:

                      234001
                      Multifamily Development
                      –37
                      –73
                      –80

                      234003
                      Tax Credit New Construction
                      –34
                      –65
                      –62

                      234005
                      Apartments Refinance
                      –572
                      –451
                      –402

                      234008
                      Housing Finance Authority Risk Sharing
                      –4
                      –10
                      –6

                      234009
                      GSE Risk Sharing
                      –3
                      –1
                      –2

                      234010
                      Health Care and Nursing Homes
                      –5
                      –13
                      –17

                      234011
                      Health Care Refinances
                      –210
                      –263
                      –255

                      234012
                      Hospitals
                      –46
                      –50
                      –47

                      234013
                      Other Rental
                      –2
                      –1
                      –3

                      234017
                      Title 1 Property Improvement

                      –1

                      234018
                      Title 1 Manufactured Housing
                      –1

                      –1

                      234999
                      Total subsidy outlays
                      –914
                      –927
                      –876

                      Guaranteed loan upward reestimates:

                      235023
                      GI/SRI Reestimates
                      5,682
                      210

                      235999
                      Total upward reestimate budget authority
                      5,682
                      210

                      Guaranteed loan downward reestimates:

                      237023
                      GI/SRI Reestimates
                      –529
                      –2,060

                      237999
                      Total downward reestimate subsidy budget authority
                      –529
                      –2,060

             This account includes credit subsidy budget authority and outlays for FHA's General Insurance and Special Risk Insurance (GI/SRI)
                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
                requests a limitation of $30 billion on loan guarantees for the GI/SRI Fund. It does not request an appropriation of new credit
                subsidy funds.

             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
                      2013 actual
                      2014 est.
                      2015 est.

                      Capital investment, claims and other

                      0003
                      Other capital investments and operating expenses
                      150
                      16
                      14

                      0014
                      Contract Costs
                      41
                      11
                      17

                      0091
                      Direct program activities, subtotal
                      191
                      27
                      31

                      Credit program obligations:

                      0711
                      Default claim payments on principal
                      2,259
                      3,530
                      2,938

                      0712
                      Default claim payments on interest
                      251
                      334
                      363

                      0713
                      Payment of interest to Treasury
                      211
                      225
                      225

                      0740
                      Negative subsidy obligations
                      1,046
                      888
                      886

                      0742
                      Downward reestimate paid to receipt account
                      470
                      1,479

                      0743
                      Interest on downward reestimates
                      59
                      581

                      0791
                      Direct program activities, subtotal
                      4,296
                      7,037
                      4,412

                      0900
                      Total new obligations
                      4,487
                      7,064
                      4,443

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      7,082
                      11,495
                      6,593

                      1021
                      Recoveries of prior year unpaid obligations
                      23

                      1023
                      Unobligated balances applied to repay debt

                      –200
                      –200

                      1050
                      Unobligated balance (total)
                      7,105
                      11,295
                      6,393

                      Financing authority:

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority
                      1,488
                      800
                      800

                      1440
                      Borrowing authority, mandatory (total)
                      1,488
                      800
                      800

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      7,858
                      1,762
                      2,086

                      1825
                      Spending authority from offsetting collections applied to repay debt
                      –469
                      –200
                      –200

                      1850
                      Spending auth from offsetting collections, mand (total)
                      7,389
                      1,562
                      1,886

                      1900
                      Financing authority (total)
                      8,877
                      2,362
                      2,686

                      1930
                      Total budgetary resources available
                      15,982
                      13,657
                      9,079

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      11,495
                      6,593
                      4,636

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      541
                      520
                      373

                      3010
                      Obligations incurred, unexpired accounts
                      4,487
                      7,064
                      4,443

                      3020
                      Financing disbursements (gross)
                      –4,485
                      –7,211
                      –4,489

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –23

                      3050
                      Unpaid obligations, end of year
                      520
                      373
                      327

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      541
                      520
                      373

                      3200
                      Obligated balance, end of year
                      520
                      373
                      327

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      8,877
                      2,362
                      2,686

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      4,485
                      7,211
                      4,489

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Subsidy reestimate from program account
                      –5,681
                      –210

                      4122
                      Interest on uninvested funds
                      –603
                      –405
                      –405

                      4123
                      Fees and premiums
                      –837
                      –911
                      –955

                      4123
                      Recoveries on HUD-Held Notes
                      –280
                      –26
                      –186

                      4123
                      Title I recoveries
                      –8
                      –1
                      –1

                      4123
                      Single family property recoveries
                      –309
                      –107
                      –283

                      4123
                      Gross Proceeds from Mortgage Note Sales
                      –122
                      –102
                      –256

                      4123
                      Non-Federal Resources-other
                      –12

                      4123
                      Multifamily Property
                      –6

                      4130
                      Offsets against gross financing auth and disbursements (total)
                      –7,858
                      –1,762
                      –2,086

                      4160
                      Financing authority, net (mandatory)
                      1,019
                      600
                      600

                      4170
                      Financing disbursements, net (mandatory)
                      –3,373
                      5,449
                      2,403

                      4180
                      Financing authority, net (total)
                      1,019
                      600
                      600

                      4190
                      Financing disbursements, net (total)
                      –3,373
                      5,449
                      2,403

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 86–4077–0–3–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Position with respect to appropriations act limitation on commitments:

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

                      2142
                      Uncommitted loan guarantee limitation
                      –644
                      –6,961
                      –9,055

                      2150
                      Total guaranteed loan commitments
                      24,356
                      23,039
                      20,945

                      2199
                      Guaranteed amount of guaranteed loan commitments
                      23,444
                      22,174
                      20,157

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      141,710
                      146,735
                      159,463

                      2231
                      Disbursements of new guaranteed loans
                      27,050
                      24,732
                      22,616

                      2251
                      Repayments and prepayments
                      –19,681
                      –6,893
                      –8,014

                      Adjustments:

                      2261
                      Terminations for default that result in loans receivable
                      –1,227
                      –3,366
                      –2,190

                      2262
                      Terminations for default that result in acquisition of property
                      –937
                      –393
                      –214

                      2263
                      Terminations for default that result in claim payments
                      –180
                      –1,352
                      –4,296

                      2290
                      Outstanding, end of year
                      146,735
                      159,463
                      167,365

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      143,251
                      155,677
                      163,392

                      Addendum:

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

                      2310
                      Outstanding, start of year
                      2,458
                      2,724
                      5,254

                      2331
                      Disbursements for guaranteed loan claims
                      1,227
                      3,273
                      2,135

                      2351
                      Repayments of loans receivable
                      –213
                      –815
                      –1,007

                      2361
                      Write-offs of loans receivable
                      –748
                      –28
                      –89

                      2364
                      Other adjustments, net

                      100
                      191

                      2390
                      Outstanding, end of year
                      2,724
                      5,254
                      6,484

             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
                      2012 actual
                      2013 actual

                      ASSETS:

                      Federal assets:

                      1101
                      Fund balances with Treasury
                      7,624
                      12,015

                      Investments in US securities:

                      1106
                      Receivables, net
                      6,452
                      1,162

                      Non-Federal assets:

                      1201
                      Investments in non-Federal securities, net
                      57
                      56

                      1206
                      Receivables, net
                      47
                      7

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

                      1501
                      Defaulted guaranteed loans receivable, gross
                      2,458
                      2,724

                      1502
                      Interest receivable
                      846
                      992

                      1504
                      Foreclosed property
                      254
                      180

                      1505
                      Allowance for subsidy cost
                      –1,531
                      –1,374

                      1599
                      Net value of assets related to defaulted guaranteed loan
                      2,027
                      2,522

                      1901
                      Other Federal assets: Other assets
                      8
                      1

                      1999
                      Total assets
                      16,215
                      15,763

                      LIABILITIES:

                      Federal liabilities:

                      2101
                      Accounts payable Intragovernmental
                      609

                      2103
                      Debt
                      2,873
                      3,891

                      2105
                      Other

                      2,361

                      Non-Federal liabilities:

                      2201
                      Accounts payable
                      330
                      184

                      2204
                      Liabilities for loan guarantees
                      12,311
                      9,229

                      2207
                      Other
                      92
                      98

                      2999
                      Total liabilities
                      16,215
                      15,763

                      4999
                      Total liabilities and net position
                      16,215
                      15,763

             FHA-general and Special Risk Direct Loan Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4105–0–3–371
                      2013 actual
                      2014 est.
                      2015 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
                      2013 actual
                      2014 est.
                      2015 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
                      2013 actual
                      2014 est.
                      2015 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

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 86–4106–0–3–371
                      2013 actual
                      2014 est.
                      2015 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
                      2012 actual
                      2013 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
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      Capital investment: Claims and other

                      0102
                      Assignment and Property Acquisition Claims
                      5
                      12
                      5

                      0104
                      Mark-To-Market Restructures
                      11

                      0110
                      Capitalized Expenses
                      6
                      5
                      5

                      0111
                      HUD Held Notes Escrow Activity
                      38
                      38
                      35

                      0113
                      Other
                      1

                      0900
                      Total new obligations
                      61
                      55
                      45

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      180
                      234

                      1021
                      Recoveries of prior year unpaid obligations
                      64

                      1022
                      Capital transfer of unobligated balances to general fund
                      –180
                      –234

                      1050
                      Unobligated balance (total)
                      64

                      Budget authority:

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      30
                      30
                      25

                      1260
                      Appropriations, mandatory (total)
                      30
                      30
                      25

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      201
                      117
                      66

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

                      –92
                      –46

                      1850
                      Spending auth from offsetting collections, mand (total)
                      201
                      25
                      20

                      1900
                      Budget authority (total)
                      231
                      55
                      45

                      1930
                      Total budgetary resources available
                      295
                      55
                      45

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      234

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      368
                      294
                      255

                      3010
                      Obligations incurred, unexpired accounts
                      61
                      55
                      45

                      3020
                      Outlays (gross)
                      –71
                      –94
                      –86

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –64

                      3050
                      Unpaid obligations, end of year
                      294
                      255
                      214

                      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
                      367
                      293
                      254

                      3200
                      Obligated balance, end of year
                      293
                      254
                      213

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      231
                      55
                      45

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      51
                      53
                      43

                      4101
                      Outlays from mandatory balances
                      20
                      41
                      43

                      4110
                      Outlays, gross (total)
                      71
                      94
                      86

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4123
                      Non-Federal sources - Other
                      –201
                      –117
                      –66

                      4180
                      Budget authority, net (total)
                      30
                      –62
                      –21

                      4190
                      Outlays, net (total)
                      –130
                      –23
                      20

                      Memorandum (non-add) entries:

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

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

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 86–4072–0–3–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      1,755
                      1,226
                      747

                      2251
                      Repayments and prepayments
                      –517
                      –467
                      –232

                      Adjustments:

                      2261
                      Terminations for default that result in loans receivable
                      –11
                      –12
                      –5

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

                      2290
                      Outstanding, end of year
                      1,226
                      747
                      510

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      1,225
                      746
                      509

                      Addendum:

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

                      2310
                      Outstanding, start of year
                      2,359
                      2,244
                      2,197

                      2331
                      Disbursements for guaranteed loan claims
                      11
                      12
                      10

                      2351
                      Repayments of loans receivable
                      –126
                      –59
                      –57

                      2390
                      Outstanding, end of year
                      2,244
                      2,197
                      2,150

             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
                      2012 actual
                      2013 actual

                      ASSETS:

                      Federal assets:

                      1101
                      Fund balances with Treasury
                      544
                      524

                      Investments in US securities:

                      1102
                      Treasury securities, par
                      3
                      3

                      Non-Federal assets:

                      1201
                      Investments in non-Federal securities, net
                      3

                      1206
                      Receivables, net
                      3
                      4

                      1701
                      Defaulted guaranteed loans, gross
                      2,359
                      2,244

                      1702
                      Interest receivable
                      231
                      241

                      1703
                      Allowance for estimated uncollectible loans and interest (-)
                      –1,371
                      –944

                      1799
                      Value of assets related to loan guarantees
                      1,219
                      1,541

                      1901
                      Other Federal assets: Other assets
                      251
                      3

                      1999
                      Total assets
                      2,023
                      2,075

                      LIABILITIES:

                      Non-Federal liabilities:

                      2201
                      Accounts payable
                      7
                      10

                      2204
                      Liabilities for loan guarantees
                      7
                      2

                      2207
                      Other
                      165
                      165

                      2999
                      Total liabilities
                      179
                      177

                      NET POSITION:

                      3100
                      Unexpended appropriations
                      89
                      107

                      3300
                      Cumulative results of operations
                      1,755
                      1,791

                      3999
                      Total net position
                      1,844
                      1,898

                      4999
                      Total liabilities and net position
                      2,023
                      2,075

          Object Classification (in millions of dollars)

                      Identification code 86–4072–0–3–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Direct obligations:

                      32.0
                      Land and structures
                      1

                      33.0
                      Investments and loans
                      60
                      55
                      45

                      99.9
                      Total new obligations
                      61
                      55
                      45

             Housing for the Elderly or Handicapped Fund Liquidating Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4115–0–3–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0102
                      Loan Management, Liquidations and Property Dispositions
                      3
                      6
                      6

                      0900
                      Total new obligations (object class 32.0)
                      3
                      6
                      6

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      35
                      77

                      1022
                      Capital transfer of unobligated balances to general fund
                      –35
                      –77

                      Budget authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      589
                      550
                      550

                      1820
                      Capital transfer of spending authority from offsetting collections to general fund
                      –509
                      –544
                      –544

                      1850
                      Spending auth from offsetting collections, mand (total)
                      80
                      6
                      6

                      1930
                      Total budgetary resources available
                      80
                      6
                      6

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      77

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      5
                      6
                      4

                      3010
                      Obligations incurred, unexpired accounts
                      3
                      6
                      6

                      3020
                      Outlays (gross)
                      –2
                      –8
                      –8

                      3050
                      Unpaid obligations, end of year
                      6
                      4
                      2

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      5
                      6
                      4

                      3200
                      Obligated balance, end of year
                      6
                      4
                      2

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      80
                      6
                      6

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority

                      6
                      6

                      4101
                      Outlays from mandatory balances
                      2
                      2
                      2

                      4110
                      Outlays, gross (total)
                      2
                      8
                      8

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4123
                      Non-Federal sources
                      –589
                      –550
                      –550

                      4180
                      Budget authority, net (total)
                      –509
                      –544
                      –544

                      4190
                      Outlays, net (total)
                      –587
                      –542
                      –542

          Status of Direct Loans (in millions of dollars)

                      Identification code 86–4115–0–3–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      2,493
                      2,096
                      1,689

                      1251
                      Repayments: Repayments and prepayments
                      –395
                      –407
                      –419

                      1264
                      Write-offs for default: Other adjustments, net (+ or -)
                      –2

                      1290
                      Outstanding, end of year
                      2,096
                      1,689
                      1,270

             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 for pre-1992 direct loans.

          Balance Sheet (in millions of dollars)

                      Identification code 86–4115–0–3–371
                      2012 actual
                      2013 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      40
                      83

                      1206
                      Non-Federal assets: Interest Receivable: Public
                      25
                      22

                      1601
                      Direct loans, gross
                      2,493
                      2,096

                      1603
                      Allowance for estimated uncollectible loans and interest (-)
                      –19
                      –10

                      1699
                      Value of assets related to direct loans
                      2,474
                      2,086

                      1999
                      Total assets
                      2,539
                      2,191

                      LIABILITIES:

                      2207
                      Non-Federal liabilities: Other
                      3
                      2

                      NET POSITION:

                      3100
                      Unexpended Appropriations
                      8
                      6

                      3300
                      Revolving Fund: Cumulative results of operations
                      2,528
                      2,183

                      3999
                      Total net position
                      2,536
                      2,189

                      4999
                      Total liabilities and net position
                      2,539
                      2,191

             Payment to Manufactured Housing Fees Trust FundFor necessary expenses as authorized by the National Manufactured Housing Construction and Safety Standards Act of 1974 (42
             U.S.C. 5401 et seq.), up to [$7,530,000] $10,000,000, to remain available until expended, of which [$6,530,000] $10,000,000 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] 2015 so as to result in a final fiscal year [2014] 2015 appropriation from the general fund estimated at [not more than $1,000,000] zero, and fees pursuant to such section 620 shall be modified as necessary to ensure such a final fiscal year [2014] 2015 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. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0234–0–1–376
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Payment to Trust Fund
                      2
                      1

                      0900
                      Total new obligations (object class 94.0)
                      2
                      1

                      Budgetary Resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      2
                      1

                      1160
                      Appropriation, discretionary (total)
                      2
                      1

                      1930
                      Total budgetary resources available
                      2
                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      Obligations incurred, unexpired accounts
                      2
                      1

                      3020
                      Outlays (gross)
                      –2
                      –1

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      2
                      1

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      2
                      1

                      4180
                      Budget authority, net (total)
                      2
                      1

                      4190
                      Outlays, net (total)
                      2
                      1

             The Budget provides a total of $10 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 installation and dispute resolution programs
                required by the Manufactured Housing Improvement Act of 2000.

          Trust Funds
             Manufactured Housing Fees Trust Fund

             Special and Trust Fund Receipts (in millions of dollars)

                      Identification code 86–8119–0–7–376
                      2013 actual
                      2014 est.
                      2015 est.

                      0100
                      Balance, start of year
                      1

                      Adjustments:

                      0190
                      Rounding adjustment
                      –1

                      0199
                      Balance, start of year

                      Receipts:

                      0240
                      General Fund Payment, Manufactured Housing Fee Trust Fund
                      2
                      1

                      0260
                      Mobile Home Inspection and Monitoring Fees, Manufactured Housing Fee Trust Fund
                      4
                      7
                      10

                      0299
                      Total receipts and collections
                      6
                      8
                      10

                      0400
                      Total: Balances and collections
                      6
                      8
                      10

                      Appropriations:

                      0500
                      Manufactured Housing Fees Trust Fund
                      –6
                      –8
                      –10

                      0799
                      Balance, end of year

          Program and Financing (in millions of dollars)

                      Identification code 86–8119–0–7–376
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0002
                      Manufactured Housing Program Costs
                      10
                      10
                      10

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      11
                      7
                      5

                      Budget authority:

                      Appropriations, discretionary:

                      1101
                      Appropriation (special or trust fund)
                      6
                      8
                      10

                      1160
                      Appropriation, discretionary (total)
                      6
                      8
                      10

                      1930
                      Total budgetary resources available
                      17
                      15
                      15

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      7
                      5
                      5

                      Change in obligated balance:

                      Unpaid obligations:

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

                      3010
                      Obligations incurred, unexpired accounts
                      10
                      10
                      10

                      3020
                      Outlays (gross)
                      –7
                      –10
                      –10

                      3050
                      Unpaid obligations, end of year
                      8
                      8
                      8

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      5
                      8
                      8

                      3200
                      Obligated balance, end of year
                      8
                      8
                      8

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      6
                      8
                      10

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority

                      1
                      2

                      4011
                      Outlays from discretionary balances
                      7
                      9
                      8

                      4020
                      Outlays, gross (total)
                      7
                      10
                      10

                      4180
                      Budget authority, net (total)
                      6
                      8
                      10

                      4190
                      Outlays, net (total)
                      7
                      10
                      10

             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 to offset the expenses incurred by the Department
                in carrying out the responsibilities under the authorizing legislation.  The 2015 Budget proposes to fund the costs of authorized
                activities with an estimated $10 million in fees. In order to achieve this level of collections, HUD is assuming continued
                implementation of the fee increase of up to $100 per label. This fee increase is necessary to ensure that HUD can continue
                to fulfill its statutory responsibilities. The 2015 Budget also proposes a general provision that would allow HUD to implement
                future fee changes via notice.

          Object Classification (in millions of dollars)

                      Identification code 86–8119–0–7–376
                      2013 actual
                      2014 est.
                      2015 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

             Green Retrofit Program for Multifamily Housing Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4589–0- -604
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0713
                      Payment of interest to Treasury
                      1

                      0742
                      Downward reestimate paid to receipt account

                      3

                      0743
                      Interest on downward reestimates

                      2

                      0900
                      Total new obligations
                      1
                      5

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      4
                      9
                      4

                      Financing authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      6

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

                      1900
                      Financing authority (total)
                      6

                      1930
                      Total budgetary resources available
                      10
                      9
                      4

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      9
                      4
                      4

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      5

                      3010
                      Obligations incurred, unexpired accounts
                      1
                      5

                      3020
                      Financing disbursements (gross)
                      –1

                      3050
                      Unpaid obligations, end of year

                      5
                      5

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year

                      5

                      3200
                      Obligated balance, end of year

                      5
                      5

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      6

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      1

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4123
                      Non-Federal sources
                      –6

                      4190
                      Financing disbursements, net (total)
                      –5

          Status of Direct Loans (in millions of dollars)

                      Identification code 86–4589–0- -604
                      2013 actual
                      2014 est.
                      2015 est.

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      80
                      80
                      74

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

                      –6

                      1290
                      Outstanding, end of year
                      80
                      74
                      74

             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- -604
                      2012 actual
                      2013 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      4
                      4

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

                      1401
                      Direct loans receivable, gross
                      80
                      80

                      1402
                      Interest receivable
                      1
                      1

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

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

                      1999
                      Total assets
                      15
                      15

                      LIABILITIES:

                      2103
                      Federal liabilities: Debt
                      15
                      15

                      4999
                      Total liabilities and net position
                      15
                      15

             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
                      2013 actual
                      2014 est.
                      2015 est.

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1

                      7,049
                      9,017

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

                      –246
                      –100

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

                      1,342

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

                      200
                      200

                      1050
                      Unobligated balance (total)

                      8,345
                      9,117

                      Budget authority:

                      Appropriations, mandatory:

                      1220
                      Appropriations transferred to other accts [86–0186]
                      –102

                      1221
                      Appropriations transferred from other accts [86–0186]
                      6,083

                      1260
                      Appropriations, mandatory (total)
                      5,981

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Offsetting collections (negative subsidy)
                      1,068
                      542
                      832

                      1800
                      Offsetting collections (interest on investments)

                      130
                      44

                      1850
                      Spending auth from offsetting collections, mand (total)
                      1,068
                      672
                      876

                      1900
                      Budget authority (total)
                      7,049
                      672
                      876

                      1930
                      Total budgetary resources available
                      7,049
                      9,017
                      9,993

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      7,049
                      9,017
                      9,993

                      Budget authority and outlays, net:

                      Discretionary:

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4030
                      Federal sources
                      –1,068
                      –542
                      –832

                      Mandatory:

                      4090
                      Budget authority, gross
                      7,049
                      672
                      876

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4120
                      Federal sources

                      –542
                      –832

                      4121
                      Interest on Federal securities

                      –130
                      –44

                      4130
                      Offsets against gross budget authority and outlays (total)

                      –672
                      –876

                      4160
                      Budget authority, net (mandatory)
                      7,049

                      4170
                      Outlays, net (mandatory)

                      –672
                      –876

                      4180
                      Budget authority, net (total)
                      5,981
                      –542
                      –832

                      4190
                      Outlays, net (total)
                      –1,068
                      –1,214
                      –1,708

                      Memorandum (non-add) entries:

                      5000
                      Total investments, SOY: Federal securities: Par value

                      8,200

                      5001
                      Total investments, EOY: Federal securities: Par value

                      8,200
                      8,900

             In 2013, a Capital Reserve account was established for the Government National Mortgage Association (GNMA). Financial reserves
                of GNMA 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 budgetary resources collected by GNMA
                including negative subsidy receipts from new security guarantees and downward re-estimates. This account has no authority
                to obligate funds but transfers resources to the GNMA Program Account as necessary for mandatory spending authorized in that
                account.

             Guarantees of Mortgage-Backed Securities Loan Guarantee Program AccountNew commitments to issue guarantees to carry out the purposes of section 306 of the National Housing Act, as amended (12 U.S.C.
             1721(g)), shall not exceed $500,000,000,000, to remain available until September 30, [2015] 2016: Provided, That [$19,500,000] $28,000,000 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] 2015, 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. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Special and Trust Fund Receipts (in millions of dollars)

                      Identification code 86–0186–0–1–371
                      2013 actual
                      2014 est.
                      2015 est.

                      0100
                      Balance, start of year
                      6,083

                      Appropriations:

                      0500
                      Guarantees of Mortgage-backed Securities Loan Guarantee Program Account
                      –6,083

                      0799
                      Balance, end of year

          Program and Financing (in millions of dollars)

                      Identification code 86–0186–0–1–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0707
                      Reestimates of loan guarantee subsidy
                      97
                      38

                      0708
                      Interest on reestimates of loan guarantee subsidy
                      5
                      2

                      0709
                      Administrative expenses
                      21
                      163
                      178

                      0799
                      Total direct obligations
                      123
                      203
                      178

                      0801
                      Servicing Expenses

                      62
                      57

                      0900
                      Total new obligations
                      123
                      265
                      235

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1

                      1
                      122

                      1011
                      Unobligated balance transfer from other accts [86–0238]

                      246
                      100

                      1012
                      Unobligated balance transfers between expired and unexpired accounts
                      3

                      1050
                      Unobligated balance (total)
                      3
                      247
                      222

                      Budget authority:

                      Appropriations, mandatory:

                      1201
                      Pre-2013 Accumulated GNMA Receipts
                      6,083

                      1220
                      Receipts transferred to GNMA Capital Reserve [86–0238]
                      –6,083

                      1221
                      Appropriations transferred from other accts [86–0238]
                      102

                      1260
                      Appropriations, mandatory (total)
                      102

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      137
                      77
                      94

                      1723
                      New and/or unobligated balance of spending authority from offsetting collections temporarily reduced
                      –1

                      1725
                      Spending authority from offsetting collections precluded from obligation (limitation on obligations)
                      –114
                      –57
                      –66

                      1750
                      Spending auth from offsetting collections, disc (total)
                      22
                      20
                      28

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected

                      120
                      130

                      1850
                      Spending auth from offsetting collections, mand (total)

                      120
                      130

                      1900
                      Budget authority (total)
                      124
                      140
                      158

                      1930
                      Total budgetary resources available
                      127
                      387
                      380

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –3

                      1941
                      Unexpired unobligated balance, end of year
                      1
                      122
                      145

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1
                      4
                      339

                      3010
                      Obligations incurred, unexpired accounts
                      123
                      265
                      235

                      3011
                      Obligations incurred, expired accounts
                      1

                      3020
                      Outlays (gross)
                      –120
                      –182
                      –158

                      3031
                      Unpaid obligations transferred from other accts [86–4238]

                      252

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      4
                      339
                      416

                      Uncollected payments:

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

                      –5

                      3081
                      Uncollected pymts from Fed sources transferred from other accounts [86–4238]

                      –5

                      3090
                      Uncollected pymts, Fed sources, end of year

                      –5
                      –5

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1
                      4
                      334

                      3200
                      Obligated balance, end of year
                      4
                      334
                      411

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      22
                      20
                      28

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      17
                      20
                      28

                      4011
                      Outlays from discretionary balances
                      1
                      2

                      4020
                      Outlays, gross (total)
                      18
                      22
                      28

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources
                      –137
                      –77
                      –94

                      Mandatory:

                      4090
                      Budget authority, gross
                      102
                      120
                      130

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority

                      120
                      130

                      4101
                      Outlays from mandatory balances
                      102
                      40

                      4110
                      Outlays, gross (total)
                      102
                      160
                      130

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4120
                      Federal sources

                      –120
                      –130

                      4180
                      Budget authority, net (total)
                      –13
                      –57
                      –66

                      4190
                      Outlays, net (total)
                      –17
                      –15
                      –66

                      Memorandum (non-add) entries:

                      5090
                      Unavailable balance, SOY: Offsetting collections
                      102
                      217
                      274

                      5091
                      Unavailable balance, EOY: Offsetting collections
                      217
                      274
                      340

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

                      Identification code 86–0186–0–1–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Guaranteed loan levels supportable by subsidy budget authority:

                      215001
                      Guarantees of Mortgage-Backed Securities
                      460,373
                      246,500
                      297,000

                      215999
                      Total loan guarantee levels
                      460,373
                      246,500
                      297,000

                      Guaranteed loan subsidy (in percent):

                      232001
                      Guarantees of Mortgage-Backed Securities
                      –0.23
                      –0.22
                      –0.28

                      232999
                      Weighted average subsidy rate
                      –0.23
                      –0.22
                      –0.28

                      Guaranteed loan subsidy budget authority:

                      233001
                      Guarantees of Mortgage-Backed Securities
                      –1,068
                      –542
                      –832

                      233999
                      Total subsidy budget authority
                      –1,068
                      –542
                      –832

                      Guaranteed loan subsidy outlays:

                      234001
                      Guarantees of Mortgage-Backed Securities
                      –1,068
                      –542
                      –832

                      234999
                      Total subsidy outlays
                      –1,068
                      –542
                      –832

                      Guaranteed loan upward reestimates:

                      235001
                      Guarantees of Mortgage-Backed Securities
                      102
                      40

                      235999
                      Total upward reestimate budget authority
                      102
                      40

                      Guaranteed loan downward reestimates:

                      Administrative expense data:

                      3510
                      Budget authority
                      22
                      20
                      28

                      3590
                      Outlays from new authority
                      18
                      20
                      28

             The Budget requests loan commitment authority of $500 billion in 2015. The Budget also requests $28 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. For 2015, Ginnie Mae will execute a one-time Commitment fee increase effective
                October 1, 2014. The increase is projected to generate $6 million in additional Commitment fee revenue in 2015.

          Object Classification (in millions of dollars)

                      Identification code 86–0186–0–1–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Direct obligations:

                      11.1
                      Personnel compensation: Full-time permanent
                      13
                      14
                      21

                      12.1
                      Civilian personnel benefits
                      4
                      5
                      6

                      21.0
                      Travel and transportation of persons

                      1
                      1

                      25.2
                      Other services from non-Federal sources
                      2
                      143
                      150

                      25.3
                      Other goods and services from Federal sources
                      2

                      41.0
                      Grants, subsidies, and contributions
                      97
                      38

                      43.0
                      Interest and dividends
                      5
                      2

                      99.0
                      Direct obligations
                      123
                      203
                      178

                      99.0
                      Reimbursable obligations

                      62
                      57

                      99.9
                      Total new obligations
                      123
                      265
                      235

          Employment Summary

                      Identification code 86–0186–0–1–371
                      2013 actual
                      2014 est.
                      2015 est.

                      1001
                      Direct civilian full-time equivalent employment
                      108
                      120
                      163

             Guarantees of Mortgage-backed Securities Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4240–0–3–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0003
                      Advances and other
                      2,070
                      4,056
                      4,290

                      0004
                      Preservation of collateral

                      265
                      348

                      0091
                      Subtotal - Advances and Operating Expenses
                      2,070
                      4,321
                      4,638

                      Credit program obligations:

                      0740
                      Negative subsidy obligations
                      1,068
                      542
                      832

                      0900
                      Total new obligations
                      3,138
                      4,863
                      5,470

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      680
                      2,238
                      1,449

                      1010
                      Unobligated balance transfer to other accts [86–0238]

                      –200
                      –200

                      1020
                      Adjustment of unobligated bal brought forward, Oct 1
                      97

                      1050
                      Unobligated balance (total)
                      777
                      2,038
                      1,249

                      Financing authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      4,598
                      4,274
                      5,242

                      1801
                      Change in uncollected payments, Federal sources
                      1

                      1850
                      Spending auth from offsetting collections, mand (total)
                      4,599
                      4,274
                      5,242

                      1930
                      Total budgetary resources available
                      5,376
                      6,312
                      6,491

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      2,238
                      1,449
                      1,021

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      210
                      114
                      306

                      3001
                      Adjustments to unpaid obligations, brought forward, Oct 1
                      –98

                      3010
                      Obligations incurred, unexpired accounts
                      3,138
                      4,863
                      5,470

                      3020
                      Financing disbursements (gross)
                      –3,136
                      –4,786
                      –5,305

                      3031
                      Unpaid obligations transferred from other accts [86–4238]

                      115

                      3050
                      Unpaid obligations, end of year
                      114
                      306
                      471

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –8
                      –8
                      –13

                      3061
                      Adjustments to uncollected pymts, Fed sources, brought forward, Oct 1
                      1

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

                      3081
                      Uncollected pymts from Fed sources transferred from other accounts [86–4238]

                      –5

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –8
                      –13
                      –13

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      105
                      106
                      293

                      3200
                      Obligated balance, end of year
                      106
                      293
                      458

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      4,599
                      4,274
                      5,242

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      3,136
                      4,786
                      5,305

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Federal sources
                      –102
                      –40

                      4122
                      Interest on uninvested funds
                      –53
                      –31
                      –31

                      4123
                      Guarantee Fees
                      –861
                      –834
                      –829

                      4123
                      Repayment of advances

                      –3,369
                      –4,382

                      4123
                      Repayment of advances
                      –3,582

                      4130
                      Offsets against gross budget authority and outlays (total)
                      –4,598
                      –4,274
                      –5,242

                      Additional offsets against financing authority only (total):

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

                      4170
                      Outlays, net (mandatory)
                      –1,462
                      512
                      63

                      4190
                      Financing disbursements, net (total)
                      –1,462
                      512
                      63

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 86–4240–0–3–371
                      2013 actual
                      2014 est.
                      2015 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
                      414,768
                      450,048
                      500,000

                      2142
                      Uncommitted loan guarantee limitation
                      –4,347
                      –203,548
                      –203,000

                      2143
                      Uncommitted limitation carried forward
                      –450,048
                      –500,000
                      –500,000

                      2150
                      Total guaranteed loan commitments
                      460,373
                      246,500
                      297,000

                      2199
                      Guaranteed amount of guaranteed loan commitments
                      460,373
                      246,500
                      296,700

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      1,341,405
                      1,457,108
                      1,465,103

                      2231
                      Disbursements of new guaranteed loans
                      460,373
                      246,500
                      297,000

                      2251
                      Repayments and prepayments
                      –344,670
                      –238,505
                      –247,127

                      2290
                      Outstanding, end of year
                      1,457,108
                      1,465,103
                      1,514,976

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      1,457,108
                      1,465,103
                      1,514,976

             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
                      2012 actual
                      2013 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      882
                      2,344

                      1206
                      Non-Federal assets: Receivables, net
                      6,882
                      7,764

                      1401
                      Net value of assets related to post-1991 direct loans receivable: Direct loans receivable, gross
                      7,946
                      6,423

                      1505
                      Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable: Allowance for subsidy cost (-)
                      –342
                      –652

                      1999
                      Total assets
                      15,368
                      15,879

                      LIABILITIES:

                      Non-Federal liabilities:

                      2201
                      Accounts payable
                      111
                      114

                      2207
                      Other
                      7,089
                      7,806

                      2999
                      Total liabilities
                      7,200
                      7,920

                      NET POSITION:

                      3300
                      Cumulative results of operations
                      8,168
                      7,959

                      4999
                      Total liabilities and net position
                      15,368
                      15,879

             Guarantees of Mortgage-backed Securities Liquidating Account

             Program and Financing (in millions of dollars)

                      Identification code 86–4238–0–3–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Administrative contract expenses
                      338

                      Capital investment

                      0101
                      Capital investment

                      3
                      11

                      0900
                      Total new obligations
                      338
                      3
                      11

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      1,992
                      1,442
                      97

                      1010
                      Unobligated balance transfer to other accts [86–0238]

                      –1,342

                      1020
                      Adjustment of unobligated bal brought forward, Oct 1
                      –256

                      1050
                      Unobligated balance (total)
                      1,736
                      100
                      97

                      Budget authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      44

                      1850
                      Spending auth from offsetting collections, mand (total)
                      44

                      1930
                      Total budgetary resources available
                      1,780
                      100
                      97

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      1,442
                      97
                      86

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      123
                      367

                      3001
                      Adjustments to unpaid obligations, brought forward, Oct 1
                      256

                      3010
                      Obligations incurred, unexpired accounts
                      338
                      3
                      11

                      3020
                      Outlays (gross)
                      –350
                      –3
                      –3

                      3030
                      Unpaid obligations transferred to other accts [86–0186]

                      –252

                      3030
                      Unpaid obligations transferred to other accts [86–4240]

                      –115

                      3050
                      Unpaid obligations, end of year
                      367

                      8

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –10
                      –10

                      3080
                      Uncollected pymts from Fed sources transferred to other accounts [86–0186]

                      5

                      3080
                      Uncollected pymts from Fed sources transferred to other accounts [86–4240]

                      5

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –10

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      369
                      357

                      3200
                      Obligated balance, end of year
                      357

                      8

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      44

                      Outlays, gross:

                      4101
                      Outlays from mandatory balances
                      350
                      3
                      3

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4121
                      Interest on Federal securities
                      –43

                      4123
                      Non-Federal sources
                      –1

                      4130
                      Offsets against gross budget authority and outlays (total)
                      –44

                      4170
                      Outlays, net (mandatory)
                      306
                      3
                      3

                      4190
                      Outlays, net (total)
                      306
                      3
                      3

                      Memorandum (non-add) entries:

                      5000
                      Total investments, SOY: Federal securities: Par value
                      2,117
                      1,812
                      97

                      5001
                      Total investments, EOY: Federal securities: Par value
                      1,812
                      97
                      86

          Status of Direct Loans (in millions of dollars)

                      Identification code 86–4238–0–3–371
                      2013 actual
                      2014 est.
                      2015 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
                      2013 actual
                      2014 est.
                      2015 est.

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      2
                      1
                      1

                      2251
                      Repayments and prepayments
                      –1

                      –1

                      2290
                      Outstanding, end of year
                      1
                      1

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year

                      1

             This liquidating account records, for this program, all cash flows to and from the Government resulting from GNMA 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
                      2012 actual
                      2013 actual

                      ASSETS:

                      Federal assets:

                      Investments in US securities:

                      1102
                      Treasury securities, par
                      2,117
                      1,812

                      1106
                      Receivables, net
                      6
                      9

                      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
                      41
                      36

                      1999
                      Total assets
                      2,168
                      1,861

                      LIABILITIES:

                      Non-Federal liabilities:

                      2201
                      Accounts payable
                      123
                      53

                      2207
                      Other
                      1

                      2999
                      Total liabilities
                      124
                      53

                      NET POSITION:

                      3300
                      Cumulative results of operations
                      2,044
                      1,808

                      4999
                      Total liabilities and net position
                      2,168
                      1,861

          Object Classification (in millions of dollars)

                      Identification code 86–4238–0–3–371
                      2013 actual
                      2014 est.
                      2015 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      334

                      33.0
                      Investments and loans
                      4
                      3
                      11

                      99.9
                      Total new obligations
                      338
                      3
                      11

             Policy Development and Research

             Federal Funds
             Research and TechnologyFor contracts, grants, and necessary expenses of programs of research and studies relating to housing and urban problems,
             not otherwise provided for, as authorized by title V of the Housing and Urban Development Act of 1970 (12 U.S.C. 1701z-1 et
             seq.), including carrying out the functions of the Secretary of Housing and Urban Development under section 1(a)(1)(i) of
             Reorganization Plan No. 2 of 1968, [$46,000,000] $50,000,000, to remain available until September 30, [2015] 2016: 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[: Provided further, That for non-competitive agreements entered into in accordance with the previous two provisos, the Secretary of Housing
             and Urban Development shall comply with section 2(b) of the Federal Funding Accountability and Transparency Act of 2006 (Public
             Law 109–282, 31 U.S.C. note) in lieu of compliance with section 102(a)(4)(C) with respect to documentation of award decisions]. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0108–0–1–451
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Contracts, Grants and Cooperative Agreements
                      47
                      49
                      50

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      5
                      3

                      1021
                      Recoveries of prior year unpaid obligations
                      1

                      1029
                      Other balances withdrawn
                      –1

                      1050
                      Unobligated balance (total)
                      5
                      3

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      46
                      46
                      50

                      1130
                      Appropriations permanently reduced
                      –2

                      1160
                      Appropriation, discretionary (total)
                      44
                      46
                      50

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      1

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

                      1900
                      Budget authority (total)
                      45
                      46
                      50

                      1930
                      Total budgetary resources available
                      50
                      49
                      50

                      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
                      31
                      21
                      17

                      3010
                      Obligations incurred, unexpired accounts
                      47
                      49
                      50

                      3020
                      Outlays (gross)
                      –55
                      –53
                      –53

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –1

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      21
                      17
                      14

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      31
                      21
                      17

                      3200
                      Obligated balance, end of year
                      21
                      17
                      14

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      45
                      46
                      50

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      33
                      34
                      37

                      4011
                      Outlays from discretionary balances
                      22
                      19
                      16

                      4020
                      Outlays, gross (total)
                      55
                      53
                      53

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4030
                      Federal sources
                      –1

                      4180
                      Budget authority, net (total)
                      44
                      46
                      50

                      4190
                      Outlays, net (total)
                      54
                      53
                      53

             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 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.  The data
                produced in the Research and Technology program also assists HUD in developing its Research Roadmap, and provides the basis
                for research and evaluation priorities in the Transformation Initiative program.

          Object Classification (in millions of dollars)

                      Identification code 86–0108–0–1–451
                      2013 actual
                      2014 est.
                      2015 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      8
                      9
                      10

                      25.3
                      Other goods and services from Federal sources
                      38
                      39
                      39

                      41.0
                      Grants, subsidies, and contributions
                      1
                      1
                      1

                      99.9
                      Total new obligations
                      47
                      49
                      50

             Fair Housing and Equal Opportunity

             Federal Funds
             Fair Housing ActivitiesFor contracts, grants, and other assistance, not otherwise provided for, as authorized by title VIII of the Civil Rights Act
             of 1968, as amended by the Fair Housing Amendments Act of 1988, and section 561 of the Housing and Community Development Act
             of 1987, as amended, [$66,000,000] $71,000,000, to remain available until September 30, [2015] 2016, of which [$40,100,000] $45,600,000 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, $300,000 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. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0144–0–1–751
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Fair Housing Assistance
                      57
                      41
                      23

                      0002
                      Fair Housing Initiatives
                      1
                      41
                      46

                      0004
                      Limited English Proficiency Program
                      1
                      1

                      0005
                      National Fair Housing Training Academy

                      2

                      0900
                      Total new obligations (object class 41.0)
                      59
                      83
                      71

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      9
                      17

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      71
                      66
                      71

                      1130
                      Appropriations permanently reduced
                      –4

                      1160
                      Appropriation, discretionary (total)
                      67
                      66
                      71

                      1930
                      Total budgetary resources available
                      76
                      83
                      71

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      17

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      102
                      88
                      100

                      3010
                      Obligations incurred, unexpired accounts
                      59
                      83
                      71

                      3020
                      Outlays (gross)
                      –73
                      –71
                      –72

                      3050
                      Unpaid obligations, end of year
                      88
                      100
                      99

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      102
                      88
                      100

                      3200
                      Obligated balance, end of year
                      88
                      100
                      99

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      67
                      66
                      71

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      3
                      6
                      7

                      4011
                      Outlays from discretionary balances
                      70
                      65
                      65

                      4020
                      Outlays, gross (total)
                      73
                      71
                      72

                      4180
                      Budget authority, net (total)
                      67
                      66
                      71

                      4190
                      Outlays, net (total)
                      73
                      71
                      72

             The Budget requests $71 million for fair housing activities to support efforts to end housing discrimination. Of the amount
                requested, $23.3 million is for the Fair Housing Assistance Program (FHAP), $45.6 million is for the Fair Housing Initiatives
                Program (FHIP), $1.8 million is for the National Fair Housing Training Academy, and $300 thousand is for the Limited English
                Proficiency Initiative (LEPI).

             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 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 90 FHAP jurisdictions in 2015. 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 national and ongoing problem of discrimination against
                minority homebuyers and renters, as identified in the 2012 Housing Discrimination Against Racial and Ethnic Minorities Study.

             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.

             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.

             LEPI provides funds for oral interpretation and written translation services, which help make fair housing programs and activities
                accessible to people who are not proficient in English.

             Office of Lead Hazard Control and Healthy Homes

             Federal Funds
             Lead Hazard ReductionFor the Lead Hazard Reduction Program, as authorized by section 1011 of the Residential Lead-Based Paint Hazard Reduction
             Act of 1992, [$110,000,000] $120,000,000, to remain available until September 30, [2015] 2016: Provided, That up to [$15,000,000] $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 of the total amount made available under this heading, $45,000,000 shall be made available on a competitive basis for
             areas with the highest lead paint abatement needs: Provided further, That each recipient of funds provided under the third proviso shall make a matching contribution in an amount not less than
             25 percent: Provided further, That each applicant shall certify adequate capacity that is acceptable to the Secretary to carry out the proposed use of
             funds pursuant to a notice of funding availability:] 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. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0174–0–1–451
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Lead Hazard Reduction Grants
                      58
                      50
                      93

                      0002
                      Lead Hazard Reduction Demonstration
                      38
                      45

                      0003
                      Healthy Homes
                      18
                      15
                      25

                      0004
                      Lead Technical Studies
                      3
                      4
                      2

                      0900
                      Total new obligations (object class 41.0)
                      117
                      114
                      120

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      8
                      5
                      1

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      120
                      110
                      120

                      1120
                      Appropriations transferred to other accts [86–0402]

                      –1

                      1130
                      Appropriations permanently reduced
                      –6

                      1160
                      Appropriation, discretionary (total)
                      114
                      110
                      119

                      1930
                      Total budgetary resources available
                      122
                      115
                      120

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      5
                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      372
                      358
                      344

                      3010
                      Obligations incurred, unexpired accounts
                      117
                      114
                      120

                      3011
                      Obligations incurred, expired accounts
                      2

                      3020
                      Outlays (gross)
                      –125
                      –128
                      –129

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –8

                      3050
                      Unpaid obligations, end of year
                      358
                      344
                      335

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      372
                      358
                      344

                      3200
                      Obligated balance, end of year
                      358
                      344
                      335

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      114
                      110
                      119

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      1
                      2
                      2

                      4011
                      Outlays from discretionary balances
                      124
                      126
                      127

                      4020
                      Outlays, gross (total)
                      125
                      128
                      129

                      4180
                      Budget authority, net (total)
                      114
                      110
                      119

                      4190
                      Outlays, net (total)
                      125
                      128
                      129

             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 request of $120 million includes $92 million for HUD's Lead Hazard Control Program, $25 million for the Healthy Homes
                Program, and $2 million for Technical Studies. The 2015 Budget 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 Budget also includes a general provision that would grant the Secretary authority to carry out investigations, administer
                oaths, and subpoena documents related to violations of the Lead Disclosure provision of Title X. In addition, HUD will submit
                a legislative package in the Spring with updates to program standards and definitions.

             The Lead Hazard Control Grant Program provides grants of $1 million to $4 million to State and local governments and Indian
                tribes for control of lead-based paint hazards in private low-income rental and owner-occupied housing. The grants are also
                designed to facilitate the development of a housing maintenance and rehabilitation workforce trained in lead-safe work practices
                and a certified hazard evaluation and control industry. In awarding grants, HUD promotes the use of new, low-cost approaches
                to hazard control that can be replicated across the nation.

             The Healthy Homes Program enables the Department to assess and control housing-related hazards that contribute to childhood
                diseases and injuries. With funding from this program, grantees implement and evaluate methods for controlling two or more
                housing-related diseases through a single intervention.

             The Office of Healthy Homes and Lead Hazard Control will continue its Technical Support program, which includes public education;
                support for State and local agencies, private property owners, HUD programs and field offices and professional organizations;
                technical studies to improve program policy and implementation; quality control to ensure that the evaluation and control
                of lead-based paint hazards is done properly in HUD-assisted housing; and development of standards, technical guidance, regulations
                and improved testing and hazard control methods.

             Management and Administration

             Federal Funds
             Executive OfficesFor necessary salaries and expenses for Executive Offices, which shall be comprised of the offices of the Secretary, Deputy
             Secretary, Adjudicatory Services, Congressional and Intergovernmental Relations, Public Affairs, Small and Disadvantaged Business
             Utilization, and the Center for Faith-Based and Neighborhood Partnerships, [$14,500,000] $15,234,000: 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. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0332–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Personnel costs

                      11
                      11

                      0002
                      Benefits

                      3
                      3

                      0003
                      Non-Personnel costs

                      1
                      1

                      0900
                      Total new obligations

                      15
                      15

                      Budgetary Resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation

                      15
                      15

                      1160
                      Appropriation, discretionary (total)

                      15
                      15

                      1930
                      Total budgetary resources available

                      15
                      15

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      Obligations incurred, unexpired accounts

                      15
                      15

                      3020
                      Outlays (gross)

                      –15
                      –15

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross

                      15
                      15

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority

                      15
                      15

                      4180
                      Budget authority, net (total)

                      15
                      15

                      4190
                      Outlays, net (total)

                      15
                      15

              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; Adjudicatory
                Services; the Center for Faith-Based and Community Initiatives; and the Office of Small and Disadvantaged Utilization.

          Object Classification (in millions of dollars)

                      Identification code 86–0332–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Direct obligations:

                      11.1
                      Personnel compensation: Full-time permanent

                      11
                      11

                      12.1
                      Civilian personnel benefits

                      3
                      3

                      25.2
                      Other services from non-Federal sources

                      1
                      1

                      99.9
                      Total new obligations

                      15
                      15

          Employment Summary

                      Identification code 86–0332–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      1001
                      Direct civilian full-time equivalent employment

                      85
                      88

             Administrative Support OfficesFor necessary salaries and expenses for [administration, management and operations of offices of the Department of Housing and Urban Development, $506,000,000, of] Administrative Support Offices, which [not to exceed $47,900,000] shall be [available for] composed of the [Office] offices of the Chief Financial Officer[; not to exceed $94,000,000 shall be available for the Office of the], General Counsel[; not to exceed $197,400,000 shall be available for the Office of], Administration[; not to exceed $53,700,000 shall be available for the Office of the], Chief Human Capital Officer[; not to exceed $53,000,000 shall be available for the Office of], Field Policy and Management[; not to exceed $16,500,000 shall be available for the Office of the], Chief Procurement Officer[; not to exceed $3,200,000 shall be available for the Office of], Departmental Equal Employment Opportunity[; not to exceed $4,300,000 shall be available for the Office of], Strategic Planning and Management[; and not to exceed $36,000,000 shall be available for the Office of the], and Chief Information Officer, $530,783,000:  Provided[further], 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 U.S.C. 5901–5902; hire of passenger motor vehicles; and 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 housing mission area[: Provided further, That the Secretary shall provide the Committees on Appropriations quarterly written notification regarding the status of
             pending congressional reports: Provided further, That the Secretary shall provide all signed reports required by Congress electronically]. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0335–0–1–999
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Personnel compensation [& benefits]
                      302
                      212
                      213

                      0002
                      Non-personnel costs
                      204
                      208
                      231

                      0003
                      Benefits

                      86
                      87

                      0900
                      Total new obligations
                      506
                      506
                      531

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      2

                      1012
                      Unobligated balance transfers between expired and unexpired accounts
                      2

                      1050
                      Unobligated balance (total)
                      4

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      538
                      506
                      531

                      1120
                      Appropriations transferred to other accts [86–4586]
                      –1

                      1120
                      Appropriations transferred to other accts [86–0337]
                      –1

                      1120
                      Appropriations transferred to other accts [86–0338]
                      –1

                      1120
                      Appropriations transferred to other accts [86–0334]
                      –3

                      1130
                      Appropriations permanently reduced
                      –28

                      1160
                      Appropriation, discretionary (total)
                      504
                      506
                      531

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      2

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

                      1900
                      Budget authority (total)
                      506
                      506
                      531

                      1930
                      Total budgetary resources available
                      510
                      506
                      531

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –4

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      153
                      90
                      75

                      3010
                      Obligations incurred, unexpired accounts
                      506
                      506
                      531

                      3011
                      Obligations incurred, expired accounts
                      14

                      3020
                      Outlays (gross)
                      –559
                      –521
                      –527

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –24

                      3050
                      Unpaid obligations, end of year
                      90
                      75
                      79

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      153
                      90
                      75

                      3200
                      Obligated balance, end of year
                      90
                      75
                      79

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      506
                      506
                      531

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      457
                      431
                      452

                      4011
                      Outlays from discretionary balances
                      102
                      90
                      75

                      4020
                      Outlays, gross (total)
                      559
                      521
                      527

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4030
                      Federal sources
                      –2

                      4180
                      Budget authority, net (total)
                      504
                      506
                      531

                      4190
                      Outlays, net (total)
                      557
                      521
                      527

             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, Chief Information Officer, and Administration.
                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
                      2013 actual
                      2014 est.
                      2015 est.

                      Direct obligations:

                      Personnel compensation:

                      11.1
                      Full-time permanent
                      224
                      210
                      211

                      11.5
                      Other personnel compensation
                      2
                      2
                      2

                      11.9
                      Total personnel compensation
                      226
                      212
                      213

                      12.1
                      Civilian personnel benefits
                      76
                      86
                      87

                      21.0
                      Travel and transportation of persons
                      3
                      3
                      3

                      23.1
                      Rental payments to GSA
                      108
                      111
                      124

                      23.3
                      Communications, utilities, and miscellaneous charges
                      18
                      19
                      21

                      24.0
                      Printing and reproduction
                      2
                      2
                      2

                      25.2
                      Other services from non-Federal sources
                      68
                      70
                      78

                      26.0
                      Supplies and materials
                      2
                      2
                      2

                      31.0
                      Equipment
                      1
                      1
                      1

                      99.0
                      Direct obligations
                      504
                      506
                      531

                      99.0
                      Reimbursable obligations
                      2

                      99.9
                      Total new obligations
                      506
                      506
                      531

          Employment Summary

                      Identification code 86–0335–0–1–999
                      2013 actual
                      2014 est.
                      2015 est.

                      1001
                      Direct civilian full-time equivalent employment
                      2,123
                      2,052
                      2,017

             Public and Indian HousingFor necessary salaries and expenses of the Office of Public and Indian Housing, [$205,000,000] $213,664,000. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0337–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Personnel costs
                      144
                      150
                      159

                      0002
                      Benefits
                      40
                      41
                      44

                      0004
                      Non-personnel expenses
                      5
                      14
                      11

                      0900
                      Total new obligations
                      189
                      205
                      214

                      Budgetary Resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      200
                      205
                      214

                      1121
                      Appropriations transferred from other accts [86–0335]
                      1

                      1130
                      Appropriations permanently reduced
                      –10

                      1160
                      Appropriation, discretionary (total)
                      191
                      205
                      214

                      1930
                      Total budgetary resources available
                      191
                      205
                      214

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –2

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      8
                      5
                      2

                      3010
                      Obligations incurred, unexpired accounts
                      189
                      205
                      214

                      3011
                      Obligations incurred, expired accounts
                      6

                      3020
                      Outlays (gross)
                      –192
                      –208
                      –213

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –6

                      3050
                      Unpaid obligations, end of year
                      5
                      2
                      3

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      8
                      5
                      2

                      3200
                      Obligated balance, end of year
                      5
                      2
                      3

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      191
                      205
                      214

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      183
                      203
                      211

                      4011
                      Outlays from discretionary balances
                      9
                      5
                      2

                      4020
                      Outlays, gross (total)
                      192
                      208
                      213

                      4180
                      Budget authority, net (total)
                      191
                      205
                      214

                      4190
                      Outlays, net (total)
                      192
                      208
                      213

             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
                      2013 actual
                      2014 est.
                      2015 est.

                      Direct obligations:

                      Personnel compensation:

                      11.1
                      Full-time permanent
                      143
                      149
                      158

                      11.5
                      Other personnel compensation
                      1
                      1
                      1

                      11.9
                      Total personnel compensation
                      144
                      150
                      159

                      12.1
                      Civilian personnel benefits
                      40
                      41
                      44

                      21.0
                      Travel and transportation of persons
                      3
                      8
                      7

                      25.2
                      Other services from non-Federal sources
                      2
                      6
                      4

                      99.9
                      Total new obligations
                      189
                      205
                      214

          Employment Summary

                      Identification code 86–0337–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      1001
                      Direct civilian full-time equivalent employment
                      1,406
                      1,430
                      1,500

             Community Planning and DevelopmentFor necessary salaries and expenses of the Office of Community Planning and Development, [$102,000,000] $110,535,000. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0338–0–1–451
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Personnel costs
                      75
                      79
                      86

                      0002
                      Benefits
                      22
                      22
                      24

                      0006
                      Non-personnel expenses
                      2
                      3
                      2

                      0900
                      Total new obligations
                      99
                      104
                      112

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      3
                      8
                      6

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      100
                      102
                      110

                      1121
                      Appropriations transferred from other accts [86–0335]
                      1

                      1121
                      Appropriations transferred from other accts [86–0334]
                      1

                      1121
                      Appropriations transferred from other accts [86–0162]
                      10

                      1130
                      Appropriations permanently reduced
                      –6

                      1160
                      Appropriation, discretionary (total)
                      106
                      102
                      110

                      1930
                      Total budgetary resources available
                      109
                      110
                      116

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –2

                      1941
                      Unexpired unobligated balance, end of year
                      8
                      6
                      4

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      3
                      4
                      2

                      3010
                      Obligations incurred, unexpired accounts
                      99
                      104
                      112

                      3011
                      Obligations incurred, expired accounts
                      3

                      3020
                      Outlays (gross)
                      –98
                      –106
                      –112

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –3

                      3050
                      Unpaid obligations, end of year
                      4
                      2
                      2

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      3
                      4
                      2

                      3200
                      Obligated balance, end of year
                      4
                      2
                      2

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      106
                      102
                      110

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      93
                      101
                      109

                      4011
                      Outlays from discretionary balances
                      5
                      5
                      3

                      4020
                      Outlays, gross (total)
                      98
                      106
                      112

                      4180
                      Budget authority, net (total)
                      106
                      102
                      110

                      4190
                      Outlays, net (total)
                      98
                      106
                      112

             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, and non-profit
                and for-profit organizations to administer a wide range of housing, economic development, and homeless assistance, as well
                as integrated planning for housing, transportation and infrastructure, disaster recovery, and other community development
                activities in urban and rural areas across the country.

          Object Classification (in millions of dollars)

                      Identification code 86–0338–0–1–451
                      2013 actual
                      2014 est.
                      2015 est.

                      Direct obligations:

                      Personnel compensation:

                      11.1
                      Full-time permanent
                      75
                      75
                      80

                      11.5
                      Other personnel compensation

                      4
                      6

                      11.9
                      Total personnel compensation
                      75
                      79
                      86

                      12.1
                      Civilian personnel benefits
                      22
                      22
                      24

                      21.0
                      Travel and transportation of persons
                      1
                      1
                      1

                      25.2
                      Other services from non-Federal sources
                      1
                      2
                      1

                      99.9
                      Total new obligations
                      99
                      104
                      112

          Employment Summary

                      Identification code 86–0338–0–1–451
                      2013 actual
                      2014 est.
                      2015 est.

                      1001
                      Direct civilian full-time equivalent employment
                      769
                      767
                      823

             HousingFor necessary salaries and expenses of the Office of Housing, [$381,500,000] $386,677,000, of which at least $8,000,000 shall be for the Office of Risk and Regulatory Affairs[: Provided, That the Secretary shall ensure that an administrator of the Office of Manufactured Housing has been selected and begun
             such administration within 120 days of enactment of this Act: Provided further, That the funds made available under this heading shall be reduced by $50,000 for each day that the Department is in violation
             of the previous proviso and any such funds shall be rescinded]. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0334–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Personnel costs
                      286
                      291
                      294

                      0002
                      Benefits
                      79
                      81
                      81

                      0003
                      Non-Personnel Service
                      7
                      9
                      12

                      0900
                      Total new obligations
                      372
                      381
                      387

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1

                      1
                      1

                      1012
                      Unobligated balance transfers between expired and unexpired accounts
                      2

                      1050
                      Unobligated balance (total)
                      2
                      1
                      1

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      392
                      381
                      387

                      1120
                      Appropriations transferred to other accts [86–0338]
                      –1

                      1120
                      Appropriations transferred to other accts [86–0340]
                      –1

                      1121
                      Appropriations transferred from other accts [86–0335]
                      3

                      1130
                      Appropriations permanently reduced
                      –20

                      1160
                      Appropriation, discretionary (total)
                      373
                      381
                      387

                      1930
                      Total budgetary resources available
                      375
                      382
                      388

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –2

                      1941
                      Unexpired unobligated balance, end of year
                      1
                      1
                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      11
                      13
                      4

                      3010
                      Obligations incurred, unexpired accounts
                      372
                      381
                      387

                      3011
                      Obligations incurred, expired accounts
                      8

                      3020
                      Outlays (gross)
                      –369
                      –390
                      –387

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –9

                      3050
                      Unpaid obligations, end of year
                      13
                      4
                      4

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      11
                      13
                      4

                      3200
                      Obligated balance, end of year
                      13
                      4
                      4

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      373
                      381
                      387

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      359
                      376
                      382

                      4011
                      Outlays from discretionary balances
                      10
                      14
                      5

                      4020
                      Outlays, gross (total)
                      369
                      390
                      387

                      4180
                      Budget authority, net (total)
                      373
                      381
                      387

                      4190
                      Outlays, net (total)
                      369
                      390
                      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; and contribute to building and preserving healthy neighborhoods
                and communities.

          Object Classification (in millions of dollars)

                      Identification code 86–0334–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      Direct obligations:

                      Personnel compensation:

                      11.1
                      Full-time permanent
                      284
                      289
                      292

                      11.5
                      Other personnel compensation
                      2
                      2
                      2

                      11.9
                      Total personnel compensation
                      286
                      291
                      294

                      12.1
                      Civilian personnel benefits
                      79
                      81
                      81

                      21.0
                      Travel and transportation of persons
                      3
                      4
                      5

                      25.2
                      Other services from non-Federal sources
                      4
                      5
                      7

                      99.9
                      Total new obligations
                      372
                      381
                      387

          Employment Summary

                      Identification code 86–0334–0–1–604
                      2013 actual
                      2014 est.
                      2015 est.

                      1001
                      Direct civilian full-time equivalent employment
                      2,961
                      2,892
                      2,841

             Office of the Government National Mortgage Association Personnel Compensation and Benefits

             Policy Development and ResearchFor necessary salaries and expenses of the Office of Policy Development and Research, [$22,000,000] $23,248,000. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0339–0–1–451
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Personnel costs
                      15
                      17
                      18

                      0002
                      Benefits
                      5
                      4
                      4

                      0003
                      Non-personnel expenses
                      1
                      1
                      1

                      0900
                      Total new obligations
                      21
                      22
                      23

                      Budgetary Resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      22
                      22
                      23

                      1130
                      Appropriations permanently reduced
                      –1

                      1160
                      Appropriation, discretionary (total)
                      21
                      22
                      23

                      1930
                      Total budgetary resources available
                      21
                      22
                      23

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1
                      1

                      3010
                      Obligations incurred, unexpired accounts
                      21
                      22
                      23

                      3020
                      Outlays (gross)
                      –21
                      –23
                      –23

                      3050
                      Unpaid obligations, end of year
                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1
                      1

                      3200
                      Obligated balance, end of year
                      1

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      21
                      22
                      23

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      20
                      22
                      23

                      4011
                      Outlays from discretionary balances
                      1
                      1

                      4020
                      Outlays, gross (total)
                      21
                      23
                      23

                      4180
                      Budget authority, net (total)
                      21
                      22
                      23

                      4190
                      Outlays, net (total)
                      21
                      23
                      23

             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 program evaluations. The Office also provides
                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
                      2013 actual
                      2014 est.
                      2015 est.

                      Direct obligations:

                      11.1
                      Personnel compensation: Full-time permanent
                      15
                      17
                      18

                      12.1
                      Civilian personnel benefits
                      5
                      4
                      4

                      25.2
                      Other services from non-Federal sources
                      1
                      1
                      1

                      99.9
                      Total new obligations
                      21
                      22
                      23

          Employment Summary

                      Identification code 86–0339–0–1–451
                      2013 actual
                      2014 est.
                      2015 est.

                      1001
                      Direct civilian full-time equivalent employment
                      139
                      143
                      152

             Fair Housing and Equal OpportunityFor necessary salaries and expenses of the Office of Fair Housing and Equal Opportunity, [$69,000,000] $77,629,000. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0340–0–1–751
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Personnel costs
                      52
                      52
                      59

                      0002
                      Benefits
                      15
                      15
                      17

                      0003
                      Non-personnel expenses
                      2
                      2
                      2

                      0900
                      Total new obligations
                      69
                      69
                      78

                      Budgetary Resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      73
                      69
                      78

                      1121
                      Appropriations transferred from other accts [86–0334]
                      1

                      1130
                      Appropriations permanently reduced
                      –4

                      1160
                      Appropriation, discretionary (total)
                      70
                      69
                      78

                      1930
                      Total budgetary resources available
                      70
                      69
                      78

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      2
                      3
                      1

                      3010
                      Obligations incurred, unexpired accounts
                      69
                      69
                      78

                      3011
                      Obligations incurred, expired accounts
                      2

                      3020
                      Outlays (gross)
                      –68
                      –71
                      –78

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –2

                      3050
                      Unpaid obligations, end of year
                      3
                      1
                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      2
                      3
                      1

                      3200
                      Obligated balance, end of year
                      3
                      1
                      1

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      70
                      69
                      78

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      66
                      68
                      77

                      4011
                      Outlays from discretionary balances
                      2
                      3
                      1

                      4020
                      Outlays, gross (total)
                      68
                      71
                      78

                      4180
                      Budget authority, net (total)
                      70
                      69
                      78

                      4190
                      Outlays, net (total)
                      68
                      71
                      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
                      2013 actual
                      2014 est.
                      2015 est.

                      Direct obligations:

                      Personnel compensation:

                      11.1
                      Full-time permanent
                      52
                      51
                      58

                      11.5
                      Other personnel compensation

                      1
                      1

                      11.9
                      Total personnel compensation
                      52
                      52
                      59

                      12.1
                      Civilian personnel benefits
                      15
                      15
                      17

                      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
                      69
                      69
                      78

          Employment Summary

                      Identification code 86–0340–0–1–751
                      2013 actual
                      2014 est.
                      2015 est.

                      1001
                      Direct civilian full-time equivalent employment
                      543
                      534
                      595

             office of lead hazard control and healthy homesFor necessary salaries and expenses of the Office of Lead Hazard Control and Healthy Homes, [$7,000,000] $7,879,000. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0341–0–1–451
                      2013 actual
                      2014 est.
                      2015 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 low-income residents.

          Object Classification (in millions of dollars)

                      Identification code 86–0341–0–1–451
                      2013 actual
                      2014 est.
                      2015 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
                      2013 actual
                      2014 est.
                      2015 est.

                      1001
                      Direct civilian full-time equivalent employment
                      54
                      52
                      58

             Executive Direction

             Salaries and Expenses

             Program and Financing (in millions of dollars)

                      Identification code 86–0143–0–1–999
                      2013 actual
                      2014 est.
                      2015 est.

                      Direct program:

                      0001
                      Hurricane Katrina

                      3

                      0801
                      Gulf Coast Disaster related activities
                      3

                      0802
                      Sandy Task Force
                      6
                      2

                      0803
                      Sandy DHAP

                      1
                      1

                      0899
                      Total reimbursable obligations
                      9
                      3
                      1

                      0900
                      Total new obligations
                      9
                      6
                      1

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      9
                      8
                      2

                      Budget authority:

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      8

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

                      1900
                      Budget authority (total)
                      8

                      1930
                      Total budgetary resources available
                      17
                      8
                      2

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      8
                      2
                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      3
                      3

                      3010
                      Obligations incurred, unexpired accounts
                      9
                      6
                      1

                      3020
                      Outlays (gross)
                      –5
                      –6
                      –1

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      3
                      3
                      3

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year

                      3
                      3

                      3200
                      Obligated balance, end of year
                      3
                      3
                      3

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      8

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      3

                      4011
                      Outlays from discretionary balances
                      2
                      6
                      1

                      4020
                      Outlays, gross (total)
                      5
                      6
                      1

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4030
                      Federal sources
                      –8

                      4190
                      Outlays, net (total)
                      –3
                      6
                      1

             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 disaster supplemental
                appropriations, as well as funds for disaster-related administrative expenses under certain interagency agreements.

          Object Classification (in millions of dollars)

                      Identification code 86–0143–0–1–999
                      2013 actual
                      2014 est.
                      2015 est.

                      25.2
                      Direct obligations: Other services from non-Federal sources

                      3

                      99.0
                      Reimbursable obligations
                      9
                      3
                      1

                      99.9
                      Total new obligations
                      9
                      6
                      1

             Office of Inspector GeneralFor necessary salaries and expenses of the Office of Inspector General in carrying out the Inspector General Act of 1978,
             as amended, [$125,000,000] $129,000,000: Provided, That the Inspector General shall have independent authority over all personnel and acquisition issues within this office. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–0189–0–1–451
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      OIG Salaries and Benefits
                      117
                      97
                      94

                      0002
                      OIG Non-Personnel Costs

                      28
                      35

                      0003
                      Recovery Act related activities
                      3

                      0004
                      Hurricane Sandy and Other Disaster related activities
                      2
                      3
                      2

                      0900
                      Total new obligations
                      122
                      128
                      131

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      4
                      9
                      6

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      124
                      125
                      129

                      1121
                      Appropriations transferred from other accts [86–0162]
                      10

                      1130
                      Appropriations permanently reduced
                      –7

                      1160
                      Appropriation, discretionary (total)
                      127
                      125
                      129

                      1930
                      Total budgetary resources available
                      131
                      134
                      135

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      9
                      6
                      4

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      17
                      12
                      21

                      3010
                      Obligations incurred, unexpired accounts
                      122
                      128
                      131

                      3011
                      Obligations incurred, expired accounts
                      3

                      3020
                      Outlays (gross)
                      –127
                      –119
                      –130

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –3

                      3050
                      Unpaid obligations, end of year
                      12
                      21
                      22

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      17
                      12
                      21

                      3200
                      Obligated balance, end of year
                      12
                      21
                      22

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      127
                      125
                      129

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      108
                      104
                      107

                      4011
                      Outlays from discretionary balances
                      19
                      15
                      23

                      4020
                      Outlays, gross (total)
                      127
                      119
                      130

                      4180
                      Budget authority, net (total)
                      127
                      125
                      129

                      4190
                      Outlays, net (total)
                      127
                      119
                      130

             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
                $129 million to support agency-wide audit and investigative functions.

          Object Classification (in millions of dollars)

                      Identification code 86–0189–0–1–451
                      2013 actual
                      2014 est.
                      2015 est.

                      Direct obligations:

                      Personnel compensation:

                      11.1
                      Full-time permanent
                      64
                      64
                      62

                      11.5
                      Other personnel compensation
                      5
                      8
                      7

                      11.9
                      Total personnel compensation
                      69
                      72
                      69

                      12.1
                      Civilian personnel benefits
                      24
                      28
                      27

                      21.0
                      Travel and transportation of persons
                      5
                      5
                      6

                      23.1
                      Rental payments to GSA
                      9
                      9
                      12

                      25.2
                      Other services from non-Federal sources
                      14
                      14
                      17

                      31.0
                      Equipment
                      1

                      99.9
                      Total new obligations
                      122
                      128
                      131

          Employment Summary

                      Identification code 86–0189–0–1–451
                      2013 actual
                      2014 est.
                      2015 est.

                      1001
                      Direct civilian full-time equivalent employment
                      617
                      665
                      637

             Information Technology FundFor 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, [$250,000,000, of which $205,000,000] $272,000,000, which shall remain available until September 30, [2015] 2016 [, and of which $45,000,000 shall remain available until September 30, 2016 for Development, Modernization and Enhancement]: Provided, That any amounts transferred to this Fund under this Act shall remain available until expended: Provided further, That any amounts transferred to this Fund from amounts appropriated by previously enacted appropriations Acts may be used
             for the purposes specified under this Fund, in addition to any other information technology purposes for which such amounts
             were appropriated[: Provided further, That not more than 25 percent of the funds made available under this heading for Development, Modernization and Enhancement,
             including development and deployment of a Next Generation Management System and development and deployment of modernized Federal
             Housing Administration systems may be obligated until the Secretary submits to the Committees on Appropriations and the Comptroller
             General of the United States a plan for expenditure that—(A) provides for all information technology investments: (i) the
             cost and schedule baselines with explanations for each associated variance, (ii) the status of functional and performance
             capabilities delivered or planned to be delivered, and (iii) mitigation strategies to address identified risks; (B) outlines
             activities to ensure strategic, consistent, and effective application of information technology management controls: (i) enterprise
             architecture, (ii) project management, (iii) investment management, and (iv) human capital management]. (Department of Housing and Urban Development Appropriations Act, 2014.)
          Program and Financing (in millions of dollars)

                      Identification code 86–4586–0–4–451
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Information Technology Expenses
                      283
                      283
                      275

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      109
                      90
                      61

                      1021
                      Recoveries of prior year unpaid obligations
                      6
                      4
                      4

                      1050
                      Unobligated balance (total)
                      115
                      94
                      65

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      199
                      250
                      272

                      1121
                      Appropriations transferred from other accts [86–0183]
                      68

                      1121
                      Appropriations transferred from other accts [86–0335]
                      1

                      1132
                      Appropriations temporarily reduced
                      –10

                      1160
                      Appropriation, discretionary (total)
                      258
                      250
                      272

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      1

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

                      1900
                      Budget authority (total)
                      259
                      250
                      272

                      1930
                      Total budgetary resources available
                      374
                      344
                      337

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –1

                      1941
                      Unexpired unobligated balance, end of year
                      90
                      61
                      62

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      210
                      236
                      259

                      3010
                      Obligations incurred, unexpired accounts
                      283
                      283
                      275

                      3020
                      Outlays (gross)
                      –249
                      –256
                      –254

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –6
                      –4
                      –4

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –2

                      3050
                      Unpaid obligations, end of year
                      236
                      259
                      276

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      210
                      236
                      259

                      3200
                      Obligated balance, end of year
                      236
                      259
                      276

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      259
                      250
                      272

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      34
                      62
                      76

                      4011
                      Outlays from discretionary balances
                      215
                      194
                      178

                      4020
                      Outlays, gross (total)
                      249
                      256
                      254

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4030
                      Federal sources
                      –1

                      4180
                      Budget authority, net (total)
                      258
                      250
                      272

                      4190
                      Outlays, net (total)
                      248
                      256
                      254

                      Memorandum (non-add) entries:

                      5092
                      Unavailable balance, SOY: Appropriations

                      10
                      10

                      5093
                      Unavailable balance, EOY: Appropriations
                      10
                      10
                      10

             The Information Technology Fund (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 $272 million for the development, modernization, enhancement,
                operation and maintenance of HUD's IT infrastructure and systems.

          Object Classification (in millions of dollars)

                      Identification code 86–4586–0–4–451
                      2013 actual
                      2014 est.
                      2015 est.

                      Direct obligations:

                      23.3
                      Communications, utilities, and miscellaneous charges
                      156
                      156
                      183

                      25.2
                      Other services from non-Federal sources
                      8
                      20

                      25.3
                      Other goods and services from Federal sources

                      1

                      25.7
                      Operation and maintenance of equipment
                      118
                      107
                      88

                      31.0
                      Equipment
                      1

                      3

                      99.9
                      Total new obligations
                      283
                      283
                      275

             Transformation Initiative[For necessary expenses of research, evaluation, and program metrics activities; program demonstrations; and technical assistance
             and capacity building, $40,000,000 to remain available until September 30, 2016: Provided, That prior to obligation of technical assistance and capacity building funding, the Secretary shall submit a plan, for approval,
             to the House and Senate Committees on Appropriations on how it will allocate funding for this activity:] 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, 2017, 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 Grant", "Native
                Hawaiian Housing Block Grant", "Project-Based Rental Assistance", "Public Housing Capital Fund", "Public Housing Operating
                Fund", "Rental Assistance Demonstration", 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 for research, evaluation and program metrics or program demonstrations,
             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 such 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.
          Program and Financing (in millions of dollars)

                      Identification code 86–0402–0–1–451
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      TI Research and Demonstrations
                      20
                      15
                      35

                      0002
                      TI Technical Assistance and Capacity Building
                      58
                      25
                      45

                      0003
                      TI Information Technology
                      83

                      0004
                      Combat Mortgage Fraud
                      1

                      0900
                      Total new obligations (object class 25.2)
                      162
                      40
                      80

                      Budgetary Resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      127
                      22
                      22

                      1021
                      Recoveries of prior year unpaid obligations
                      12

                      1050
                      Unobligated balance (total)
                      139
                      22
                      22

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      50
                      40

                      1121
                      Appropriations transferred from other accts [86–0162]

                      14

                      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]

                      10

                      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]

                      1

                      1121
                      Appropriations transferred from other accts [86–0302]

                      15

                      1121
                      Appropriations transferred from other accts [86–0183]

                      1

                      1130
                      Appropriations permanently reduced
                      –3

                      1160
                      Appropriation, discretionary (total)
                      47
                      40
                      80

                      1930
                      Total budgetary resources available
                      186
                      62
                      102

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –2

                      1941
                      Unexpired unobligated balance, end of year
                      22
                      22
                      22

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      210
                      252
                      190

                      3010
                      Obligations incurred, unexpired accounts
                      162
                      40
                      80

                      3011
                      Obligations incurred, expired accounts
                      3

                      3020
                      Outlays (gross)
                      –107
                      –102
                      –88

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –12

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –4

                      3050
                      Unpaid obligations, end of year
                      252
                      190
                      182

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      210
                      252
                      190

                      3200
                      Obligated balance, end of year
                      252
                      190
                      182

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      47
                      40
                      80

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority

                      1

                      4011
                      Outlays from discretionary balances
                      107
                      102
                      87

                      4020
                      Outlays, gross (total)
                      107
                      102
                      88

                      4180
                      Budget authority, net (total)
                      47
                      40
                      80

                      4190
                      Outlays, net (total)
                      107
                      102
                      88

             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 2015 Budget proposes TI transfers up to a maximum of 0.5
                percent per program or $15 million, whichever is less, and $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 continue to 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 2015, 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 2015.

                         2015
                         2015

                         Program Name (amounts in thousands)
                         Treasury
                         Maximum
                         Estimated

                         Account
                         Transfer
                         Transfer

                         Capacity Building
                         86–0405
                         100
                         100

                         Choice Neighborhoods
                         86–0349
                         600
                         600

                         Community Development Fund
                         86–0162
                         14,350
                         14,350

                         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
                         12,032
                         0

                         Housing Counseling Assistance
                         86–0156
                         300
                         300

                         Housing for Persons with Disabilities (Section 811)
                         86–0237
                         800
                         800

                         Housing for the Elderly (Section 202)
                         86–0320
                         2,200
                         2,200

                         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
                         850
                         850

                         Native American Housing Block Grants
                         86–0313
                         3,250
                         3,250

                         Native Hawaiian Housing Block Grants
                         86–0235
                         65
                         65

                         Project-Based Rental Assistance
                         86–0303
                         48,730
                         15,000

                         Public Housing Capital Fund
                         86–0304
                         9,625
                         9,625

                         Public Housing Operating Fund
                         86–0163
                         23,000
                         10,070

                         Rental Assistance Demonstration
                         86–0406
                         50
                         50

                         Tenant-Based Rental Assistance
                         86–0302
                         100,225
                         15,000

                         Transfer Total

                         223,9171
                         80,0002

             1Amount represents maximum TI transfers in 2015 - 0.5% of program funding.2Amount represents estimated TI transfers based on the 2015 Budget priorities and program requirements. Estimated TI transfers
             from HAG (exempted), PBRA, Public Housing Operating Fund, and TBRA are less than the maximum.

          Trust Funds
             Gifts and Bequests

             Special and Trust Fund Receipts (in millions of dollars)

                      Identification code 86–8093–0–7–451
                      2013 actual
                      2014 est.
                      2015 est.

                      0100
                      Balance, start of year

                      1

                      Receipts:

                      0220
                      Gifts and Bequests

                      1

                      0400
                      Total: Balances and collections

                      1
                      1

                      0799
                      Balance, end of year

                      1
                      1

          Program and Financing (in millions of dollars)

                      Identification code 86–8093–0–7–451
                      2013 actual
                      2014 est.
                      2015 est.

                      Obligations by program activity:

                      0001
                      Gifts and bequests
                      1
                      1

                      0900
                      Total new obligations (object class 41.0)
                      1
                      1

                      Budgetary Resources:

                      Budget authority:

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      1
                      1

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

                      1900
                      Budget authority (total)
                      1
                      1

                      1930
                      Total budgetary resources available
                      1
                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      2
                      2

                      3010
                      Obligations incurred, unexpired accounts
                      1
                      1

                      3020
                      Outlays (gross)
                      –1
                      –3

                      3050
                      Unpaid obligations, end of year
                      2

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      2
                      2

                      3200
                      Obligated balance, end of year
                      2

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      1
                      1

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources
                      –1
                      –1

                      Mandatory:

                      Outlays, gross:

                      4101
                      Outlays from mandatory balances
                      1
                      3

                      4190
                      Outlays, net (total)

                      2

             The Secretary of Housing and Urban Development (HUD) is authorized to accept, hold, administer, and utilize gifts and bequests
                of property, both real and personal, for the purpose of aiding or facilitating the work of the Department (42 U.S.C. 3535(k)).
                Property and the proceeds are used in accordance with the terms of the gift and bequest.

             The amounts received in this account in 2013 and 2014 support the Rebuild by Design program, a multi-stage regional design
                competition launched by the Hurricane Sandy Rebuilding Task Force to promote resilience in the Sandy-affected region.

             General and Administrative Provisions

             GENERAL FUND RECEIPT ACCOUNTS

             (in millions of dollars)

                      2013 actual
                      2014 est.
                      2015 est.

                      Offsetting receipts from the public:

                      86–267810
                      Green Retrofit Program for Multifamily Housing, Downward Reestimates of Subsidies

                      5

                      86–271910
                      FHA-general and Special Risk, Negative Subsidies
                      913
                      927
                      876

                      86–271930
                      FHA-general and Special Risk, Downward Reestimates of Subsidies
                      529
                      2,060

                      86–274330
                      Indian Housing Loan Guarantees, Downward Reestimates of Subsidies
                      12
                      6

                      86–276230
                      Title VI Indian Loan Guarantee Downward Reestimate
                      3
                      2

                      86–277330
                      Community Development Loan Guarantees, Downward Reestimates
                      3
                      7

                      86–279930
                      Native Hawaiian Housing Loan Guarantees, Downward Reestimates of Subsidies
                      1
                      2

                      86–322000
                      All Other General Fund Proprietary Receipts Including Budget Clearing Accounts
                      4
                      12
                      12

                      General Fund Offsetting receipts from the public
                      1,465
                      3,021
                      888

                      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 Transfer of Funds)SEC. 201. Section 1012(b) of the Stewart B. McKinney Homeless Assistance Amendments Act of 1988 (42 U.S.C. 1437 note) is amended to
             read as follows: "Fifty percent of the amounts of budget authority, or in lieu thereof 50 percent of the cash amounts associated with such budget
             authority, that are recaptured from projects described in section 1012(a) of the Stewart B. McKinney Homeless Assistance Amendments
             Act of 1988 (42 U.S.C. 1437 note) shall be rescinded or in the case of cash, shall be remitted to the Treasury, and such amounts
             of budget authority or cash recaptured and not rescinded or remitted to the Treasury shall be used by State housing finance
             agencies or local governments or local housing agencies with projects approved by the Secretary of Housing and Urban Development
             for which settlement occurred after January 1, 1992, in accordance with such section. Notwithstanding the previous sentence,
             the Secretary may award up to 15 percent of the budget authority or cash recaptured and not rescinded or remitted to the Treasury
             to provide project owners with incentives to refinance their project at a lower interest rate.".SEC. 202. None of the amounts made available under this Act may be used during fiscal year [2014] 2015 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] 2015 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] 2015'' for "fiscal year 2011'' and for "fiscal year 2012'' each place such terms appear, and shall be amended to reflect revised delineations of statistical areas established by the Office of Management and Budget
             pursuant to 44 U.S.C. 3504(e)(3), 31 U.S.C., 1104(d), and Executive Order 10253.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. Section 7 of the Department of Housing and Urban Development Act (42 U.S.C. 3535) is amended by adding at the end the following
             new subsection: "(u)(1) 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).
          "(2) Corporations and agencies of the Department which are subject to the Government Corporation Control Act shall 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 of such corporation or agency. Collections of these corporations
                   and agencies may be used for new loan or mortgage purchase commitments only to the extent provided in an appropriations act
                   (unless such loans are in support of other forms of assistance provided for in appropriations acts), except that this paragraph
                   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. 206. Unless otherwise provided for in this Act or through a reprogramming of funds, no part of any appropriation for the Department
          of Housing and Urban Development shall be available for any program, project or activity in excess of amounts set forth in
          the budget estimates submitted to Congress.][SEC. 207. 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. 208. The Secretary of Housing and Urban Development shall provide quarterly reports to the House and Senate Committees on Appropriations
          regarding all uncommitted, unobligated, recaptured and excess funds in each program and activity within the jurisdiction of
          the Department and shall submit additional, updated budget information to these Committees upon request.][SEC. 209. The President's formal budget request for fiscal year 2015, as well as the Department of Housing and Urban Development's congressional
          budget justifications to be submitted to the Committees on Appropriations of the House of Representatives and the Senate,
          shall use the identical account and sub-account structure provided under this Act.][SEC. 210. Paragraph (2)(B)(i) of section 3(a) of the United States Housing Act of 1937 (42 U.S.C. 1437a(a)) is amended—
          (1) in the matter preceding subclause (I)—
             (A) by striking "Except as otherwise provided under this clause, each'' and inserting "Each''; and
             (B) 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''; and

          (2) 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. [211]206. 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] State 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] State 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. 212. Subparagraph (A) of section 3(b)(6) of the United States 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. 213. No funds provided under this title may be used for an audit of the Government National Mortgage Association that makes applicable
          requirements under the Federal Credit Reform Act of 1990 (2 U.S.C. 661 et seq.).]SEC. [214]207. (a) Notwithstanding any other provision of law, subject to the conditions listed under this section, for fiscal years [2014] 2015 and [2015] 2016, 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 or projects 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 subsection (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), 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-Gonzalez 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. [215]208. (a) No assistance shall be provided under section 8 of the United States Housing Act of 1937 (42 U.S.C. 1437f) to any individual
          who—
          (1) is enrolled as a student at an institution of higher education (as defined under section 102 of the Higher Education Act of
             1965 (20 U.S.C. 1002));

          (2) is under 24 years of age;
          (3) is not a veteran;
          (4) is unmarried;
          (5) does not have a dependent child;
          (6) is not a person with disabilities, as such term is defined in section 3(b)(3)(E) of the United States Housing Act of 1937
             (42 U.S.C. 1437a(b)(3)(E)) and was not receiving assistance under such section 8 as of November 30, 2005; and

          (7) is not otherwise individually eligible, or has parents who, individually or jointly, are not eligible, to receive assistance
             under section 8 of the United States Housing Act of 1937 (42 U.S.C. 1437f).

          (b) For purposes of determining the eligibility of a person to receive assistance under section 8 of the United States Housing
             Act of 1937 (42 U.S.C. 1437f), any financial assistance (in excess of amounts received for tuition and any other required
             fees and charges) that an individual receives under the Higher Education Act of 1965 (20 U.S.C. 1001 et seq.), from private
             sources, or an institution of higher education (as defined under the Higher Education Act of 1965 (20 U.S.C. 1002)), shall
             be considered income to that individual, except for a person over the age of 23 with dependent children.
          [SEC. 216. The funds made available for Native Alaskans under the heading "Native American Housing Block Grants'' in title II of this
          Act shall be allocated to the same Native Alaskan housing block grant recipients that received funds in fiscal year 2005.]SEC. [217]209. [Notwithstanding the limitation in the first sentence of section 255(g) of the National Housing Act (12 U.S.C. 1715z-20(g)),
          the Secretary of Housing and Urban Development may, until September 30, 2014, insure and enter into commitments to insure
          mortgages under such section 255.] Section 255(g) of the National Housing Act (12 U.S.C.1715z-20(g)) is amended by striking "Authority—" and all that follows
             through "275,000." and inserting "Amount.—".SEC. [218]210. Notwithstanding any other provision of law, in fiscal year [2014] 2015, in managing and disposing of any multifamily property that is owned or has a mortgage held by the Secretary of Housing and
          Urban Development, and during the process of foreclosure on any property with a contract for rental assistance payments under
          section 8 of the United States Housing Act of 1937 or other Federal programs, the Secretary shall maintain any rental assistance
          payments under section 8 of the United States Housing Act of 1937 and other programs that are attached to any dwelling units
          in the property. To the extent the Secretary determines, in consultation with the tenants and the local government, that such
          a multifamily property owned or held by the Secretary is not feasible for continued rental assistance payments under such
          section 8 or other programs, based on consideration of (1) the costs of rehabilitating and operating the property and all
          available Federal, State, and local resources, including rent adjustments under section 524 of the Multifamily Assisted Housing
          Reform and Affordability Act of 1997 ("MAHRAA'') and (2) environmental conditions that cannot be remedied in a cost-effective
          fashion, the Secretary may, in consultation with the tenants of that property, contract for project-based rental assistance
          payments with an owner or owners of other existing housing properties, or provide other rental assistance. The Secretary shall
          also take appropriate steps to ensure that project-based contracts remain in effect prior to foreclosure, subject to the exercise
          of contractual abatement remedies to assist relocation of tenants for imminent major threats to health and safety after written
          notice to and informed consent of the affected tenants and use of other available remedies, such as partial abatements or
          receivership. After disposition of any multifamily property described under this section, the contract and allowable rent
          levels on such properties shall be subject to the requirements under section 524 of MAHRAA.[SEC. 219. Notwithstanding any other provision of law, the recipient of a grant under section 202b of the Housing Act of 1959 (12 U.S.C.
          1701q) after December 26, 2000, in accordance with the unnumbered paragraph at the end of section 202(b) of such Act, may,
          at its option, establish a single-asset nonprofit entity to own the project and may lend the grant funds to such entity, which
          may be a private nonprofit organization described in section 831 of the American Homeownership and Economic Opportunity Act
          of 2000.][SEC. 220. (a) Inspections.—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. [221]211. [The commitment authority provided under the heading "Community Development Loan Guarantees Program Account'' 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.] Community Development Loan Guarantee Amendments. — Section 108 of the Housing and Community Development Act of 1974 (42 U.S.C. 5308) is amended—(1) in subsection (a) by inserting "States on behalf of non-entitlement communities," after "issued by such eligible public
                   entities,";
          (2) by striking subsection (k) and inserting the following:
          "(k) The Secretary shall monitor the use by eligible public entities and states of commitment amounts authorized in appropriation
                   Acts for any fiscal year. If the Secretary finds that 50 percent of the annual commitment amount has been committed, the Secretary
                   may impose a limitation on the amount of guarantees any one entity may receive in any fiscal year of $35,000,000 for units
                   of general local government receiving grants under section 106(b) or states receiving grants under section 106(d) and $7,000,000
                   for units of general local government receiving grants under section 106(d); or request the enactment of legislation increasing
                   the annual commitment authority for guarantees under this section."; and
          (3) by striking subsection (m) and inserting the following new subsection:
          "(m) Distribution of funds to local governments in non-entitlement areas.—Any State receiving a guarantee or commitment on
                   behalf of non-entitlement areas shall distribute all funds that are subject to such guarantee to the units of general local
                   government in non-entitlement areas that received the commitment.".[SEC. 222. Public housing agencies that own and operate 400 or fewer public housing units may elect to be exempt from any asset management
          requirement imposed by the Secretary of Housing and Urban Development in connection with the operating fund rule: Provided, That an agency seeking a discontinuance of a reduction of subsidy under the operating fund formula shall not be exempt from
          asset management requirements.][SEC. 223. With respect to the use of amounts provided in this Act and in future Acts for the operation, capital improvement and management
          of public housing as authorized by sections 9(d) and 9(e) of the United States Housing Act of 1937 (42 U.S.C. 1437g(d) and
          (e)), the Secretary shall not impose any requirement or guideline relating to asset management that restricts or limits in
          any way the use of capital funds for central office costs pursuant to section 9(g)(1) or 9(g)(2) of the United States Housing
          Act of 1937 (42 U.S.C. 1437g(g)(1), (2)): Provided, That a public housing agency may not use capital funds authorized under section 9(d) for activities that are eligible under
          section 9(e) for assistance with amounts from the operating fund in excess of the amounts permitted under section 9(g)(1)
          or 9(g)(2).]SEC. [224]212. 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 sub-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. 225. The Secretary of Housing and Urban Development shall report annually to the House and Senate Committees on Appropriations
          on the status of all section 8 project-based housing, including the number of all project-based units by region as well as
          an analysis of all federally subsidized housing being refinanced under the Mark-to-Market program. The Secretary shall in
          the report identify all existing units maintained by region as section 8 project-based units and all project-based units that
          have opted out of section 8 or have otherwise been eliminated as section 8 project-based units. The Secretary shall identify
          in detail and by project all the efforts made by the Department to preserve all section 8 project-based housing units and
          all the reasons for any units which opted out or otherwise were lost as section 8 project-based units. Such analysis shall
          include a review of the impact of the loss of any subsidized units in that housing marketplace, such as the impact of cost
          and the loss of available subsidized, low-income housing in areas with scarce housing resources for low-income families.]SEC. [226]213. The Secretary of the Department of Housing and Urban Development shall, for fiscal year [2014 and subsequent fiscal years] 2015, 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] 2015, 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. 227. Payment of attorney fees in program-related litigation must be paid from individual program office personnel benefits and
          compensation funding. The annual budget submission for program office personnel benefit and compensation funding must include
          program-related litigation costs for attorney fees as a separate line item request.]SEC. [228]214. The Secretary of the Department of Housing and Urban Development is authorized to transfer up to 5 percent or [$5,000,000] $10,000,000, whichever is less, of the funds appropriated for any [office] account under the headings "Management and Administration", "Program Office Salaries and Expenses", or "Government National
             Mortgage Association" to any other account  funded under [the heading] such headings ["Administrative Support Offices'' to any other office funded under such heading: Provided, That no appropriation for any office funded under the heading "Administrative Support Offices'' shall be increased or decreased
          by more than 5 percent or $5,000,000, whichever is less, without prior written approval of the House and Senate Committees
          on Appropriations: Provided further, That the Secretary is authorized to transfer up to 5 percent or $5,000,000, whichever is less, of the funds appropriated
          for any account funded under the general heading "Program Office Salaries and Expenses'' to any other account funded under
          such heading]: Provided [further], That no appropriation for any account funded under [the general] such headings ["Program Office Salaries and Expenses''] shall be increased or decreased by more than 5 percent or [$5,000,000] $10,000,000, whichever is less, without prior written [approval of] notification to the House and Senate Committees on Appropriations[: Provided further, That the Secretary may transfer funds made available for salaries and expenses between any office funded under the heading
          "Administrative Support Offices'' and any account funded under the general heading "Program Office Salaries and Expenses'',
          but only with the prior written approval of the House and Senate Committees on Appropriations].SEC. [229]215. 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. [230]216. (a) The Secretary of Housing and Urban Development shall take the required actions under subsection (b) when a multifamily housing
          project with a section 8 contract or contract for similar project-based assistance:
          (1) receives a Real Estate Assessment Center (REAC) score of 30 or less; or
          (2) receives a REAC score between 31 and 59 and:
             (A) fails to certify in writing to HUD within 60 days that all deficiencies have been corrected; or
             (B) receives consecutive scores of less than 60 on REAC inspections.

             Such requirements shall apply to insured and noninsured projects with assistance attached to the units under section 8 of
                the united States housing Act of 1937 (42 U.S.C. 1437f), but do not apply to such units assisted under section 8(o)(13) (42
                U.S.C. 1437f(o)(13)) or to public housing units assisted with capital or operating funds under section 9 of the United States
                Housing Act of 1937 (42 U.S.C. 1437g).

          (b) The Secretary shall take the following required actions as authorized under subsection (a)—
             (1) The Secretary shall notify the owner and provide an opportunity for response within 30 days. If the violations remain, the
                Secretary shall develop a Compliance, Disposition and Enforcement Plan within 60 days, with a specified timetable for correcting
                all deficiencies. The Secretary shall provide notice of the Plan to the owner, tenants, the local government, any mortgagees,
                and any contract administrator.

             (2) At the end of the term of the Compliance, Disposition and Enforcement Plan, if the owner fails to fully comply with such plan,
                the Secretary may require immediate replacement of project management with a management agent approved by the Secretary, and
                shall take one or more of the following actions, and provide additional notice of those actions to the owner and the parties
                specified above:
                (A) impose civil money penalties;
                (B) abate the section 8 contract, including partial abatement, as determined by the Secretary, until all deficiencies have been
                   corrected;

                (C) pursue transfer of the project to an owner, approved by the Secretary under established procedures, which will be obligated
                   to promptly make all required repairs and to accept renewal of the assistance contract as long as such renewal is offered;
                   or

                (D) seek judicial appointment of a receiver to manage the property and cure all project deficiencies or seek a judicial order
                   of specific performance requiring the owner to cure all project deficiencies.

          (c) The Secretary shall also take appropriate steps to ensure that project-based contracts remain in effect, subject to the exercise
             of contractual abatement remedies to assist relocation of tenants for imminent major threats to health and safety after written
             notice to and informed consent of the affected tenants and use of other remedies set forth above. To the extent the Secretary
             determines, in consultation with the tenants and the local government, that the property is not feasible for continued rental
             assistance payments under such section 8 or other programs, based on consideration of (1) the costs of rehabilitating and
             operating the property and all available Federal, State, and local resources, including rent adjustments under section 524
             of the Multifamily Assisted Housing Reform and Affordability Act of 1997 ("MAHRAA'') and (2) environmental conditions that
             cannot be remedied in a cost-effective fashion, the Secretary may, in consultation with the tenants of that property, contract
             for project-based rental assistance payments with an owner or owners of other existing housing properties, or provide other
             rental assistance. The Secretary shall report semi-annually on all properties covered by this section that are assessed through
             the Real Estate Assessment Center and have physical inspection scores of less than 30 or have consecutive physical inspection
             scores of less than 60. The report shall include:
             (1) The enforcement actions being taken to address such conditions, including imposition of civil money penalties and termination
                of subsidies, and identify properties that have such conditions multiple times; and

             (2) Actions that the Department of Housing and Urban Development is taking to protect tenants of such identified properties.
          SEC. [231]217. [None of the funds made available by this Act, or any other Act, for purposes authorized under section 8 (only with respect
          to the tenant-based rental assistance program) and section 9 of the United States Housing Act of 1937 (42 U.S.C. 1437 et seq.),
          may be used by any public housing agency for any amount of salary, for the chief executive officer of which, or any other
          official or employee of which, that exceeds the annual rate of basic pay payable for a position at level IV of the Executive
          Schedule at any time during any public housing agency fiscal year 2014.] PHA Compensation.—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.".[SEC. 232. Title II of division K of Public Law 110–161 is amended by striking the item related to "Flexible Subsidy Fund''.][SEC. 233. 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. 234. Section 24 of the United States Housing Act of 1937 (42 U.S.C. 1437v) is amended—
          (1) in subsection (m)(1), by striking "fiscal year'' and all that follows through the period at the end and inserting "fiscal
             year 2014.''; and

          (2) in subsection (o), by striking "September'' and all that follows through the period at the end and inserting "September 30,
             2014.''.]SEC. [235]218. 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 [$5,000,000] $10,000,000 may be transferred to and merged with amounts made available in the "Information Technology Fund'' account under this title.[SEC. 236. 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. [237]219. None of the funds in this Act may be available for the doctoral dissertation research grant program at the Department of Housing
          and Urban Development.[SEC. 238. (a) Section 3(b) of the United States Housing Act of 1937 (42 U.S.C. 1437a) is amended—
          (1) in paragraph (2), by designating the first sentence as subparagraph (A), the second sentence as subparagraph (B), and the
             remaining sentences as subparagraph (D), and 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 or projects 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

          (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. [239]220. 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 [in the penultimate proviso by striking "and 2013,'' and inserting "through December 31, 2014'']  by —
          (a)  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 it appears;
          (b)  in the second proviso,  striking "2015" and inserting "2018";

          (c)  striking the fourth proviso;
          (d)  in the penultimate proviso— (1)   striking "December 31, 2014" and inserting "2016,";
             (2)   inserting "a long-term project-based subsidy contract under section 8 of the Act with rent adjustments only by an operating
                      cost factor established by the Secretary, which shall be eligible for renewal under section 524 of the Multifamily Assisted
                      Housing Reform and Affordability Act of 1997 (42 U.S.C. 1437f note), or to assistance under" following "vouchers to assistance
                      under";

          (e)  inserting the following proviso before the final proviso:

              "Provided further, That the Secretary may transfer amounts remaining on any contract converted under the previous proviso,
                      amounts available under the "Rental Housing Assistance" account, and amounts available for tenant protection vouchers under
                      the "Tenant-Based Rental Assistance" account, to the "Project-Based Rental Assistance" account to facilitate any such conversion
                      under the previous proviso, and any increase in cost for project-based rental assistance associated with any such conversion
                      shall be equal to any such amounts transferred:"; and

          (f)   in the final proviso, striking "proviso" both places it appears and inserting "two provisos" in both such places. [SEC. 240. None of the funds in this Act provided to the Department of Housing and Urban Development may be used to make a grant award
          unless the Secretary notifies the House and Senate Committees on Appropriations not less than 3 full business days before
          any project, State, locality, housing authority, tribe, nonprofit organization, or other entity selected to receive a grant
          award is announced by the Department or its offices.][SEC. 241. 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, selected by the Secretary in a national competition, 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 which identify in the application for assistance a defined
                      health and other supportive services program including sources of financing the services for eligible residents and memoranda
                      of understanding with service provision agencies and organizations to provide such services for eligible residents at their
                      request. Such supportive services plan and memoranda of understating shall—

                   "(i) identify the target populations to be served by the project;
                   "(ii) set forth methods for outreach and referral;
                   "(iii) identify the health and other supportive services to be provided; and
                   "(iv) identify the terms under which such services will be made available to residents of the project.''.]

          [SEC. 242. 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.—]
             ["(i) 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.]
             ["(ii) Exception for families in 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. 243. The Secretary shall establish by notice such requirements as may be necessary to implement sections 210, 212, 220, 238, and
          242 under this title and the notice shall take effect upon issuance: Provided, That the Secretary shall commence rulemaking based on the initial notice no later than the expiration of the 6-month period
          following issuance of the notice and the rulemaking shall allow for the opportunity for public comment.]SEC. 221.   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. 222.  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 at the end by inserting after the
                period 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. 223.  Section 314 of the Department of Housing and Urban Development Appropriations Act, 2006, is repealed.  SEC. 224.  Subsection (g) of section 9 of the United States Housing Act of 1937 (42 U.S.C. 1437g(g)) is amended by— (a) 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

          (b) redesignating paragraph (3) as paragraph (2).SEC. 225.  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 in its text by revising it 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 in its text by revising it 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. 226.  SHOP amendments. — 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 adding 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 follows 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)  adding 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. 227.  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, and 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. 228.  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. 229.  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 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 at the end of paragraph (2) the following sentence: "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)  in clause (i), striking "and";
             (2)  in clause (ii), striking the period at the end and inserting "; and"; and
             (3)  adding at the end the following clause: "(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. 230. (a)  Subsection (b) of section 225 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12755) is amended by adding
                at the end the following new 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 adding 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. 231.  Subsection 3(b) of the United States Housing Act of 1937 (42 U.S.C. 1437a(b)) is amended by revising subparagraph (ii) of
                paragraph (5)(A) 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.".

          SEC. 232.  Multifamily performance-based energy conservation demonstration.— (a)  Purpose.—The purpose of this demonstration is to authorize the Secretary of the Department of Housing and Urban Development
                   (hereinafter referred to as "the Secretary") to test a performance-based model program that facilitates financing of energy
                   and water conservation improvements in assisted multifamily housing with the intent of reducing the utility costs of such
                   housing.
          (b)  Program authority.—In accordance with the provisions of this section, the Secretary may execute performance-based agreements
                   in fiscal years 2015 through 2017 to provide energy and water conservation improvements for up to 20,000 units in eligible
                   multifamily properties. The Secretary may use funds made available under the heading "Project-Based Rental Assistance" for
                   such agreements in each fiscal year that such agreements are executed or in effect.
          (c)  Budget neutrality.— The demonstration shall be budget neutral, so that the utility costs subsidized by the Secretary and the
                   performance payments under the performance-based agreements for the participating properties are not more than the utility
                   costs subsidized by the Secretary would have been for such properties in the absence of this demonstration.
          (d)  Eligible Entities.— (1)  In general.—The Secretary may execute performance-based agreements under this section with entities that provide services
                      or that arrange for the provision of services and, upon receipt of payments under the agreement, disburse such payments in
                      accordance with the agreement.
             (2)  Selection of eligible entities.—The Secretary may select eligible entities by competition or a formula based on an eligibility
                      threshold.

          (e)  Terms of performance-based agreements.—A performance-based agreement under this section shall include— (1)  the period that the agreement will be in effect and during which payments may be made, which may be a term of up to 12 years;
             (2)  the performance measures that will serve as payment thresholds during the term of the agreement;
             (3)  an audit protocol for the properties covered by the agreement;
             (4)  a requirement that payments shall be contingent on realized cost savings associated with reduced utility consumption in the
                      participating properties; and
             (5)  such other requirements and terms as determined to be appropriate by the Secretary.

          (f)  Implementation.—This section shall be implemented in accordance with such procedures, terms, requirements, and conditions
                   as the Secretary shall, by notice, provide.
          (g)  Evaluation and Report.—The Secretary shall conduct an evaluation of the use of the authority under this section every 5 years
                   after the execution of the first agreement under this section and within 2 years of the expiration of the last agreement executed
                   under this section, and report such findings to Congress. SEC. 233.  LIHPRHA Flexibility. Section 219(a) of the Low Income Housing Preservation and Resident Homeownership Act of 1990 (12 U.S.C.
                4109) is amended by— (a)  striking "Agreements by the Secretary.—After" and inserting "Agreements by the Secretary.—"(1) After";
          (b)  redesignating paragraphs (1), (2), and (3) as subparagraphs (A), (B), and (C), respectively; and
          (c)  adding after the newly designated paragraph (1) the following new paragraph:
                "(2) As determined by the Secretary of Housing and Urban Development and notwithstanding section 222(a)(2)(A) (12 U.S.C. 4112(a)(2)(A)),
                         at the request of any owner refinancing, or any qualified purchaser of eligible low-income housing that is subject to a use
                         agreement pursuant to such Acts, the Secretary may amend the use agreement or other governing documents for such housing in
                         order to terminate or modify any limitations on prepayments and periodic distributions of surplus cash generated by such housing
                         in accordance with section 220(d)(2)(E) (12 U.S.C. 4110(d)(2)(E)) to facilitate the preservation of the housing through acquisition
                         or refinancing as affordable housing, provided that the property is covered by a use agreement for 20 years beyond the date
                         of acquisition or refinancing, and that the owner or purchaser of such housing agrees to renew the existing project-based
                         Housing Assistance Payments contract pursuant to section 524 of the Multifamily Assisted Housing and Affordability Act of
                         1997, as amended (42 U.S.C. 1437f note) for a term to be determined by the Secretary.".

          SEC. 234.  Subsection (a) of section 1018 of the Housing and Community Development Act of 1992 (42 U.S.C. 4852d), is amended by adding
                after paragraph 5 the following new paragraph:
             "(6) Authority of the Secretary.—

              "(A) Investigations.—The Secretary is authorized to conduct such investigations as may be necessary to administer and carry
                      out his duties under this section. The Secretary is authorized to administer oaths and require by subpoena the production
                      of documents, and the attendance and testimony of witnesses as the Secretary deems advisable. Nothing contained in this subparagraph
                      shall prevent the Administrator of the Environmental Protection Agency from exercising authority under the Toxic Substances
                      Control Act or this Act.

                "(B) Enforcement.—Any district court of the United States within the jurisdiction of which an inquiry is carried, on application
                         of the Attorney General, may, in the case of contumacy or refusal to obey a subpoena of the Secretary issued under this section,
                         issue an order requiring compliance therewith; and any failure to obey such order of the court may be punished by the court
                         as a contempt thereof.".

          SEC. 235.  Nonprofits administering rental assistance. Section 423(g) of the McKinney-Vento Homeless Assistance Act (42 U.S.C. 11383(g))
                is amended by inserting "private nonprofit organization," after "unit of general local government,". SEC. 236.  Section 184(b)(4) of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z-13a(b)(4)) is amended by adding at
                the end the following new subparagraphs:
             "(E) The Secretary may authorize qualifying lenders to participate in a direct guarantee process for approving loans. If the
                      Secretary determines that a mortgage insured through the direct guarantee process was not originated in accordance with the
                      requirements established by the Secretary, then the Secretary may require the lender approved under this subparagraph to indemnify
                      the Secretary for the loss, irrespective of whether the violation caused the mortgage default. If fraud or misrepresentation
                      was involved in the direct guarantee process, the Secretary shall require the lender approved under this subparagraph to indemnify
                      the Secretary for the loss regardless of when an insurance claim is paid.

             "(F) Periodically, the Secretary may review the mortgagees originating or underwriting single family mortgages under this
                      section, as follows:

                "(i) In conducting this review the Secretary shall compare that mortgagee with other mortgagees originating or underwriting
                         loan guarantees for Indian housing based on the rates of defaults and claims for insured single family mortgage loans originated
                         or underwritten by that mortgagee.

                "(ii) The Secretary may also compare that mortgagee with such other mortgagees based on underwriting quality; geographic area
                         served; or any commonly used factors the Secretary deems necessary for comparing mortgage default risk, provided that such
                         comparison is of factors that the Secretary would expect to reduce the default risk of mortgages insured by the Secretary.

                "(iii) In carrying out the periodic review of mortgagee performance, the Secretary shall implement such comparisons by regulation,
                         notice, or mortgagee letter.

                "(iv) The Secretary may terminate the approval of a mortgagee to originate or underwrite loan guarantees for Indian Housing
                         if the Secretary determines that the mortgage loans originated or underwritten by the mortgagee present an unacceptable risk
                         to the Indian Housing Loan Guarantee fund based on a comparison of any of the factors set forth in this subparagraph or by
                         a determination that the mortgagee engaged in fraud or misrepresentation.".

          SEC. 237.  Section 184(h)(1)(B) of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z-13a(h)(1)(B)) is amended by inserting
                after the first sentence the following: "Exhausting all reasonable possibilities of collection by the holder of the guarantee
                shall include a good faith consideration of loan modification as well as meeting standards for servicing loans in default,
                as determined by the Secretary.". SEC. 238.  Section 184(l)(3) of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z-13a(l)(3)) is amended to read as follows:"(3)
                The term "Indian" has the same definition as in section 4(10) of the Native American Housing Assistance and Self-Determination
                Act of 1996.". SEC. 239.  Section 184(l)(8) of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z-13a(l)(8)) is amended to read as follows:
              "(8) Indian tribe.—

                "(A) Indian tribe.—The term "Indian tribe" has the same definition as in section 4(13)(A) of the Native American Housing Assistance
                         and Self-Determination Act of 1996.

                "(B) Federally recognized tribe.—The term "Federally recognized tribe" has the same definition as in section 4(13)(B) of the
                         Native American Housing Assistance and Self- Determination Act of 1996.

                "(C) State-recognized tribe.— The term "State-recognized tribe" has the same definition as in section 4(13)(C)(i) of the Native
                         American Housing Assistance and Self- Determination Act of 1996.

                "(D) Conditions.—Nothing in paragraph (C) shall be construed to confer upon a State-recognized tribe any rights, privileges,
                         responsibilities, or obligations otherwise accorded Indian tribes recognized by the United States for other purposes.".

          SEC. 240.  Section 579 of the Multifamily Assisted Housing Reform and Affordability Act (MAHRA) of 1997 (42 U.S.C 1437f note) is amended
                by striking "October 1, 2015" each place it appears and inserting in lieu thereof "October 1, 2018". SEC. 241.  The fifth sentence in the second undesignated paragraph after section 221(f) of the National Housing Act (12 U.S.C. 1715l(f))
                is amended by inserting "or subsection (d)(4)" after "subsection (d)(3)". SEC. 242.  Section 221 of the National Housing Act (12 U.S.C. 1715l) is amended by striking subsection (g)(4). SEC. 243.  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.  SEC. 244.  Section 202 of the National Housing Act (12 U.S.C.1708) is amended by adding at the end the following new subsection:
              "(i) Administration.—Notwithstanding any provision of law, and in addition to any other fees charged in connection with the
                      provision of insurance under this title, in each fiscal year the Secretary may charge and collect a fee not to exceed 4 basis
                      points of the original principal balance of mortgages originated by the mortgagee that were insured under this title during
                      the previous fiscal year. Such fee collected from each mortgagee shall be used as offsetting collections for part of the administrative
                      contract expenses funding and any necessary salaries and expenses funding provided under the Mutual Mortgage Insurance Program
                      Account under this title. The Secretary may establish the amount of such fee through regulations, notice, Mortgagee Letter,
                      or other administrative issuance.".
          SEC. 245.   Notwithstanding Section 620(d)(2) of the National Manufactured Housing Construction and Safety Standards Act of 1974, as
                amended (42 U.S.C. 5419(d)(2)), the Secretary may modify fees authorized under Section 620 of such Act by notice published
                in the Federal Register.  (Department of Housing and Urban Development Appropriations Act, 2014.)