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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, $50,000,000,
                to remain available through September 30, 2019: 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 086–0406–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      RAD Incremental Conversion Cost

                      50

                      0100
                      Direct program activities, subtotal

                      50

                      0900
                      Total new obligations (object class 41.0)

                      50

                      Budgetary resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation

                      50

                      1160
                      Appropriation, discretionary (total)

                      50

                      1930
                      Total budgetary resources available

                      50

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      Obligations incurred, unexpired accounts

                      50

                      3050
                      Unpaid obligations, end of year

                      50

                      Memorandum (non-add) entries:

                      3200
                      Obligated balance, end of year

                      50

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross

                      50

                      4180
                      Budget authority, net (total)

                      50

             In 2016, 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 2016, the Budget requests $50 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 25,000 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 185,000 unit cap on Public Housing and Section 8 Mod Rehab conversions ; and (2) clarifies that the sunset
                date for conversions of Rent Supp, RAP and Mod Rehab properties under the second component of RAD has been eliminated.  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, [$15,304,160,000] $17,123,496,210, to remain available until [expended] September 30, 2018, shall be available on October 1, [2014]2015 (in addition to the $4,000,000,000 previously appropriated under this heading that became available on October 1, [2014] 2015), and $4,000,000,000, to remain available until [expended] September 30, 2019, shall be available on October 1, [2015] 2016: Provided, That the amounts made available under this heading are provided as follows:

          (1) [$17,486,000,000] $18,333,816,000 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 or 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 [2015] 2016 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, HOPE VI, and Choice Neighborhoods vouchers: Provided further, That in determining calendar year [2015] 2016 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 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), prorate 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, [2015] 2016: Provided further, That the Secretary may extend the notification period with [the prior written approval of] notification to  the House and Senate Committees on Appropriations: Provided further, That public housing agencies participating in the MTW demonstration shall be funded pursuant to their MTW agreements and
             shall be subject to the same pro rata adjustments under the previous provisos: Provided further, That the Secretary may offset public housing agencies' calendar year [2015] 2016 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 [2014] 2015 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, [excluding amounts subject to the single fund budget authority provisions of their MTW agreements,] 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 [$120,000,000] $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; (4) for adjustments
             for public housing agencies with voucher leasing rates at the end of the calendar year that exceed the average leasing for
             the 12-month period used to establish the allocation, and for additional leasing of vouchers that were issued but not leased
             prior to the end of such calendar year; and (5) for public housing agencies that despite taking reasonable cost savings measures,
             as determined by the Secretary, would otherwise be required to terminate rental assistance for families as a result of insufficient
             funding; and (6) for adjustments in the allocations for public housing agencies that experienced a significant increase, as determined
                by the Secretary, in renewal costs as a result of participation in the Small Area Fair Market Rent demonstration: Provided further, That the Secretary shall allocate amounts under the previous proviso based on need, as determined by the Secretary;
          (2) $277,000,000 shall be for incremental rental voucher assistance under section 8(o) of the Act to be distributed based
                on relative need, as determined by the Secretary: Provided, That the Secretary shall make such funding available, notwithstanding
                section 204 (competition provision) of this title;
          [(2)](3) [$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)](4) [$1,530,000,000] $2,020,037,000 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 $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 [$1,520,000,000] $2,010,037,000 of the amount provided in this paragraph shall be allocated to public housing agencies for the calendar year [2015] 2016 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, [excluding] 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)](5) [$83,160,000] $107,643,210 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]4) 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 the Secretary shall set aside an amount provided under this paragraph for a rental assistance and supportive housing
             demonstration program for Native American veterans that are homeless or at-risk of homelessness living on or near a reservation
             or other Indian areas: Provided further, That such demonstration program shall be modeled after, with necessary and appropriate adjustments for Native American grant
             recipients and veterans, the rental assistance and supportive housing program funded under this paragraph, including administration
             in conjunction with the Department of Veterans Affairs and overall implementation of section 8(o)(19) of the Act: Provided further, That amounts for rental assistance and associated administrative costs shall be made available by grants to recipients eligible
             to receive block grants under the Native American Housing Assistance and Self-Determination Act of 1996 (25 U.S.C. section
             4101 et seq.): Provided further, That funds shall be awarded based on need, administrative capacity, and any other funding criteria established by the Secretary
             in a Notice published in the Federal Register after coordination with the Secretary of the Department of Veterans Affairs
             within 180 days of enactment of this Act: Provided further, That such rental assistance shall be administered by block grant recipients in accordance with program requirements under
             the Native American Housing Assistance and Self-Determination Act of 1996: Provided further, That the first and second provisos under this paragraph shall apply to use of funds made available for this demonstration,
             as appropriate: Provided further, That the Secretary, in coordination with the Secretary of the Department of Veterans Affairs, shall coordinate with block
             grant recipients and any other appropriate tribal organizations on the design of such demonstration and shall ensure the effective
             delivery of supportive services to Native American veterans that are homeless or at-risk of homelessness eligible to receive
             assistance under this demonstration: Provided further, That grant recipients shall report to the Secretary, as prescribed by the Secretary, utilization of such rental assistance
             provided under this demonstration: Provided further, That assistance made available under this paragraph shall continue to remain available for homeless veterans upon turn-over;
             and]
          (6) $177,500,000 shall be used for incremental rental voucher assistance for use by families, veterans, and tribal families who
                are experiencing homelessness, as well as victims of domestic and dating violence: Provided, That eligibility for veterans
                is made without regard to discharge status: Provided further, That the Secretary shall make such funding available through
                a competitive process to public housing agencies that partner with eligible Continuums of Care, as identified by the Secretary
                and to recipients eligible to receive block grants under the Native American Housing Assistance and Determination Act of 1996
                (NAHASDA) (25 U.S.C. section 4101 et seq.): Provided further, That assistance provided to recipients eligible under NAHASDA
                shall be subject to requirements of NAHASDA: Provided further, That the Secretary may waive, or specify alternative requirements
                for any provision or statute or regulation that the Secretary administers in connection with the use of funds made available
                under this paragraph 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 the Secretary shall issue guidance
                to implement the previous proviso;
          (7) $37,500,000 shall be made available to provide incremental rental voucher assistance for victims of domestic violence,
                dating violence, sexual assault, or stalking, as defined by the Violence Against Women Act Reauthorization Act of 2013 (Public
                Law 113–4), who require an emergency transfer: Provided further, That the Secretary shall issue guidance to implement this
                paragraph;
          (8) $20,000,000 shall be made available for new incremental voucher assistance through the Family Unification Program: Provided,
                That the assistance made available under this paragraph shall continue to remain available for family unification upon turnover:
                Provided further, That the amounts made available under this paragraph shall be used only in connection with tenant-based
                assistance on behalf of—
          (A) any family—
          (i) who is otherwise eligible for such assistance; and
          (ii) who the public child welfare agency for the jurisdiction has certified is a family for whom the lack of adequate housing
                is a primary factor in the imminent placement of the family's child or children in out-of-home care; and
          (B) for a period not to exceed 60 months, otherwise eligible youths who have attained at least 18 years of age and not more
                than 21 years of age and who have left foster care at age 16 or older; and
          (9) The Secretary shall separately track all special purpose vouchers funded under this heading. (Department of Housing and Urban Development Appropriations Act, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0302–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Tenant Protection
                      114
                      153
                      150

                      0002
                      Administrative Fees
                      1,522
                      1,611
                      2,020

                      0003
                      Family Self Sufficiency Coordinators
                      57

                      0006
                      Contract Renewals
                      17,314
                      17,561
                      18,313

                      0007
                      Rental Assistance Demonstration

                      32
                      63

                      0008
                      Veterans Affairs Supportive Housing Vouchers
                      69
                      89

                      0009
                      Family Unification Program Vouchers

                      20

                      0012
                      Disaster Housing Assistance Program

                      2

                      0013
                      Section 811 Mainstream Vouchers
                      105
                      115
                      108

                      0014
                      Need-Based Vouchers

                      277

                      0015
                      Families, Veterans, Tribal Homelessness Vouchers

                      178

                      0016
                      Domestic and Dating Violence Vouchers

                      38

                      0900
                      Total new obligations (object class 41.0)
                      19,181
                      19,563
                      21,167

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      225
                      227

                      1021
                      Recoveries of prior year unpaid obligations
                      5

                      1050
                      Unobligated balance (total)
                      230
                      227

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      15,177
                      15,304
                      17,124

                      1120
                      Appropriations transferred to other accts [086–0402]

                      –20

                      1121
                      Appropriations transferred from other acct [086–0304]

                      8
                      16

                      1121
                      Appropriations transferred from other acct [086–0163]
                      1
                      24
                      47

                      1160
                      Appropriation, discretionary (total)
                      15,178
                      15,336
                      17,167

                      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)
                      19,178
                      19,336
                      21,167

                      1930
                      Total budgetary resources available
                      19,408
                      19,563
                      21,167

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      227

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1,879
                      2,767
                      2,526

                      3010
                      Obligations incurred, unexpired accounts
                      19,181
                      19,563
                      21,167

                      3020
                      Outlays (gross)
                      –18,288
                      –19,804
                      –20,929

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –5

                      3050
                      Unpaid obligations, end of year
                      2,767
                      2,526
                      2,764

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1,879
                      2,767
                      2,526

                      3200
                      Obligated balance, end of year
                      2,767
                      2,526
                      2,764

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      19,178
                      19,336
                      21,167

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      16,396
                      17,632
                      19,260

                      4011
                      Outlays from discretionary balances
                      1,892
                      2,172
                      1,669

                      4020
                      Outlays, gross (total)
                      18,288
                      19,804
                      20,929

                      4180
                      Budget authority, net (total)
                      19,178
                      19,336
                      21,167

                      4190
                      Outlays, net (total)
                      18,288
                      19,804
                      20,929

             The 2016 Budget provides $21.1 billion for the Tenant-Based Rental Assistance program (also known as the Housing Choice Voucher
                program). With this funding, the Housing Choice Voucher program will provide housing assistance to about 2.4 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 2,300 state and local Public Housing Authorities (PHAs) administer the Housing Choice Voucher
                program.

             The Budget provides sufficient funding for contract renewals to continue assistance for families anticipated to be under lease
                in 2015, including renewing over 14,000 vouchers for persons with disabilities, and also restores reductions in assisted housing
                units that resulted from cuts due to sequestration and reduced funding levels in 2013.

             The 2016 Budget builds on the successes of previous special purpose voucher initiatives and includes $177.5 million for about
                22,500 new vouchers for families, veterans, and tribal families experiencing homelessness as well as victims of domestic or
                dating violence. These vouchers are to be distributed through a competitive grant process to PHAs with demonstrated need who
                partner with relevant Continuums of Care for appropriate wraparound services. The Budget also includes $37.5 million in funding
                for approximately 5,000 new vouchers for victims and survivors of domestic or dating violence, sexual assault, and stalking
                requiring an emergency transfer from their current assisted housing, as established by the Violence Against Women Act of 2013.
                These vouchers would be administered in a centralized fashion to address occurrences as they arise. The Budget also requests
                $20 million for about 2,500 Family Unification Program vouchers, which would ease and facilitate children's transition from
                foster care to independent adulthood as well as assist families who have children in foster care due to a lack of safe and
                adequate housing. Finally, the Budget supports $277 million for approximately 37,000 vouchers that will be distributed to
                PHAs via an allocation method based on relative need. In total, this incremental need-based assistance combined with the new
                competitive special purpose vouchers restore the approximately 67,000 vouchers that were lost as a result of sequestration
                cuts in 2013.

             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. The Budget also provides $2.0 billion in administrative fees representing an approximate fee
                eligibility proration of 90 percent.

             The Budget includes an incremental expansion of the Moving to Work (MTW) program to high-capacity PHAs to test and rigorously
                evaluate innovative models for improving self-sufficiency, mobility, academic performance and other outcomes for HUD-assisted
                tenants. This expansion, which is included in a general provision, is limited to 15 PHAs and 150,000 aggregate vouchers and
                public housing units. Program requirements and selection criteria will be subject to public comment, and PHAs must maintain
                a minimum 90% utilization of their voucher funds for the duration of their participation in MTW, as well as comply with HUD
                reporting and evaluation requirements. This proposal preserves resident mobility, participation and other existing requirements
                by reducing HUD's statutory waiver authority for new MTW agencies. The Budget supports additional legislative reforms to HUD's
                core rental assistance programs, including: (1) allowing fixed-income families to recertify their incomes every three years;
                and (2) 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) extending the maximum term of FUP vouchers issued to youth aging out of foster care from 18 to 60 months; and (2) improving
                the process for establishing 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.

             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 [2015] 2016 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, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0319–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Contract Renewals

                      60
                      20

                      0002
                      Contract Administrators

                      116

                      0900
                      Total new obligations (object class 41.0)

                      176
                      20

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      116
                      156

                      1021
                      Recoveries of prior year unpaid obligations
                      41
                      23
                      23

                      1029
                      Other balances withdrawn
                      –1
                      –3
                      –3

                      1050
                      Unobligated balance (total)
                      156
                      176
                      20

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      37
                      15
                      15

                      1131
                      Unobligated balance of appropriations permanently reduced (HCF funds)
                      –37
                      –15
                      –15

                      1930
                      Total budgetary resources available
                      156
                      176
                      20

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      156

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1,527
                      1,141
                      1,046

                      3010
                      Obligations incurred, unexpired accounts

                      176
                      20

                      3020
                      Outlays (gross)
                      –345
                      –248
                      –137

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

                      3050
                      Unpaid obligations, end of year
                      1,141
                      1,046
                      906

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1,527
                      1,141
                      1,046

                      3200
                      Obligated balance, end of year
                      1,141
                      1,046
                      906

                      Budget authority and outlays, net:

                      Discretionary:

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      345
                      248
                      137

                      4190
                      Outlays, net (total)
                      345
                      248
                      137

             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] $1,970,000,000,  to remain available until September 30, [2018] 2019: Provided, That notwithstanding any other provision of law or regulation, during fiscal year [2015] 2016 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 [$5,000,000] $3,000,000 shall be  to support ongoing Public Housing Financial and Physical Assessment activities: [Provided further, That up to $3,000,000 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 [$23,000,000] $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 [2015: Provided further, That of the amount made available under the previous proviso, not less than $6,000,000 shall be for safety and security
             measures: 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.)] 2016: Provided further, That of the total amount made available under this heading, up to [$15,000,000] $100,000,000 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 for funds provided under this heading, the limitation in section 9(g)(1) of the Act shall be 25 percent: Provided further, That the Secretary may waive the limitation in the previous proviso to allow public housing agencies to fund activities
             authorized under section 9(e)(1)(C) of the Act:] Provided further, That of the amount provided for the Jobs-Plus initiative, the Secretary may set aside up to $15,000,000
                for competitive grants to Indian tribes and tribally designated housing entities, as defined in section 4(13) of the Native
                American Housing Assistance and Self-Determination Act of 1996 (NAHASDA), to provide support to help residents of housing
                assisted under NAHASDA obtain employment and increase earnings: Provided further, That such assistance shall be modeled after
                the Jobs-Plus initiative, with necessary and appropriate adjustments made by the Secretary for NAHASDA grant recipients and
                families living on or near a reservation or other Indian areas: Provided further, That the Secretary may waive, or specify
                alternative requirements for, any provision of any statute that the Secretary administers in connection with the use of funds
                made available under this heading, upon a finding by the Secretary that any such waivers or alternative requirements are necessary
                for the effective use of grants under the previous proviso and after publication in the Federal Register not later than 10
                days before the effective date of such waiver or alternative requirement: Provided further, That from the funds made available under this heading, the Secretary shall provide bonus awards in fiscal year [2015] 2016 to public housing agencies that are designated high performers[: Provided further, That the Department shall notify public housing agencies of their formula allocation within 60 days of enactment of this
             Act]. (Department of Housing and Urban Development Appropriations Act, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0304–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Capital Grants
                      1,803
                      1,784
                      1,847

                      0002
                      Technical Assistance
                      1

                      0003
                      Emergency/Disaster Reserve
                      21
                      23
                      20

                      0006
                      Resident Opportunities and Supportive Services
                      17
                      45

                      0007
                      Administrative Receivership
                      10
                      3

                      0008
                      Financial and Physical Assessment Support
                      9
                      5
                      3

                      0010
                      Jobs-Plus Pilot

                      15
                      100

                      0900
                      Total new obligations (object class 41.0)
                      1,861
                      1,875
                      1,970

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      84
                      101
                      82

                      1021
                      Recoveries of prior year unpaid obligations
                      4

                      1029
                      Other balances withdrawn
                      –1

                      1050
                      Unobligated balance (total)
                      87
                      101
                      82

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      1,875
                      1,875
                      1,970

                      1120
                      Appropriations transferred to other accts [086–0303]
                      –1
                      –11
                      –16

                      1120
                      Appropriations transferred to other accts [086–0302]

                      –8
                      –16

                      1120
                      Appropriations transferred to other accts [086–0402]

                      –15

                      1160
                      Appropriation, discretionary (total)
                      1,874
                      1,856
                      1,923

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      2

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

                      1900
                      Budget authority (total)
                      1,876
                      1,856
                      1,923

                      1930
                      Total budgetary resources available
                      1,963
                      1,957
                      2,005

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –1

                      1941
                      Unexpired unobligated balance, end of year
                      101
                      82
                      35

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      4,257
                      3,958
                      4,050

                      3001
                      Adjustments to unpaid obligations, brought forward, Oct 1
                      10

                      3010
                      Obligations incurred, unexpired accounts
                      1,861
                      1,875
                      1,970

                      3020
                      Outlays (gross)
                      –2,164
                      –1,783
                      –1,884

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –4

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –2

                      3050
                      Unpaid obligations, end of year
                      3,958
                      4,050
                      4,136

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      4,267
                      3,958
                      4,050

                      3200
                      Obligated balance, end of year
                      3,958
                      4,050
                      4,136

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      1,876
                      1,856
                      1,923

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      117
                      21
                      22

                      4011
                      Outlays from discretionary balances
                      2,034
                      1,762
                      1,862

                      4020
                      Outlays, gross (total)
                      2,151
                      1,783
                      1,884

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4030
                      Federal sources
                      –2

                      4033
                      Non-Federal sources
                      –1

                      4040
                      Offsets against gross budget authority  and outlays (total)
                      –3

                      Additional offsets against gross budget authority only:

                      4052
                      Offsetting collections credited to expired accounts
                      1

                      4070
                      Budget authority, net (discretionary)
                      1,874
                      1,856
                      1,923

                      4080
                      Outlays, net (discretionary)
                      2,148
                      1,783
                      1,884

                      Mandatory:

                      Outlays, gross:

                      4101
                      Outlays from mandatory balances
                      13

                      4180
                      Budget authority, net (total)
                      1,874
                      1,856
                      1,923

                      4190
                      Outlays, net (total)
                      2,161
                      1,783
                      1,884

             The Budget proposes $1.97 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). An additional $100 million is requested to scale up Jobs-Plus, an evidence-based
                program for increasing the employment and earnings of public housing residents. Up to $15 million in Jobs-Plus funding will
                be used to implement a demonstration of the Jobs-Plus model in Indian Country. The request also includes up to $20 million
                for emergency capital needs resulting from non-Presidentially declared emergencies and natural disasters and up to $3 million
                for financial and physical assessments of Public Housing and other HUD-assisted properties.

             Public housing operating fundFor [2015] 2016 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)), [$4,440,000,000] $4,600,000,000. (Department of Housing and Urban Development Appropriations Act, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0163–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Operating Subsidy
                      4,396
                      4,388
                      4,488

                      0900
                      Total new obligations (object class 41.0)
                      4,396
                      4,388
                      4,488

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      3
                      3

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      4,400
                      4,440
                      4,600

                      1120
                      Appropriations transferred to other accts [086–0302]
                      –1
                      –24
                      –47

                      1120
                      Appropriations transferred to other accts [086–0303]

                      –28
                      –47

                      1120
                      Appropriations transferred to other accts [086–0402]

                      –18

                      1160
                      Appropriation, discretionary (total)
                      4,399
                      4,388
                      4,488

                      1900
                      Budget authority (total)
                      4,399
                      4,388
                      4,488

                      1930
                      Total budgetary resources available
                      4,402
                      4,391
                      4,488

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –3
                      –3

                      1941
                      Unexpired unobligated balance, end of year
                      3

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1,036
                      1,146
                      1,185

                      3010
                      Obligations incurred, unexpired accounts
                      4,396
                      4,388
                      4,488

                      3020
                      Outlays (gross)
                      –4,285
                      –4,349
                      –4,461

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      1,146
                      1,185
                      1,212

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1,036
                      1,146
                      1,185

                      3200
                      Obligated balance, end of year
                      1,146
                      1,185
                      1,212

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      4,399
                      4,388
                      4,488

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      3,259
                      3,203
                      3,276

                      4011
                      Outlays from discretionary balances
                      1,026
                      1,146
                      1,185

                      4020
                      Outlays, gross (total)
                      4,285
                      4,349
                      4,461

                      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)
                      4,399
                      4,388
                      4,488

                      4080
                      Outlays, net (discretionary)
                      4,283
                      4,349
                      4,461

                      4180
                      Budget authority, net (total)
                      4,399
                      4,388
                      4,488

                      4190
                      Outlays, net (total)
                      4,283
                      4,349
                      4,461

             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) additional flexibility for PHAs to use their operating funds
                for capital fund activities, and vice versa; and (2) a utilities conservation pilot to encourage PHAs to undertake energy
                and water conservation measures and reduce Federal costs.

             Drug Elimination Grants for Low-income Housing

             Program and Financing (in millions of dollars)

                      Identification code 086–0197–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      1
                      1

                      Budget authority:

                      Appropriations, discretionary:

                      1131
                      Unobligated balance of appropriations permanently reduced

                      –1

                      1160
                      Appropriation, discretionary (total)

                      –1

                      1930
                      Total budgetary resources available
                      1

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      1

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross

                      –1

                      4180
                      Budget authority, net (total)

                      –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, [$80,000,000] $250,000,000, to remain available until September 30, [2017] 2018: 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 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 of the amount provided, not less than $50,000,000 shall be awarded to public housing authorities:] 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, including recaptures, remaining from funds appropriated under the heading "Revitalization of
             Severely Distressed Public Housing (HOPE VI)" in fiscal year 2011 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, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0349–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Choice Neighborhoods Grants
                      125
                      116
                      248

                      0002
                      Choice Neighborhoods HAP & Admin
                      1

                      0900
                      Total new obligations (object class 41.0)
                      126
                      116
                      248

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      116
                      81
                      45

                      1021
                      Recoveries of prior year unpaid obligations
                      1

                      1050
                      Unobligated balance (total)
                      117
                      81
                      45

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      90
                      80
                      250

                      1120
                      Appropriations transferred to other accts [086–0402]

                      –2

                      1160
                      Appropriation, discretionary (total)
                      90
                      80
                      248

                      1930
                      Total budgetary resources available
                      207
                      161
                      293

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      81
                      45
                      45

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      117
                      232
                      288

                      3010
                      Obligations incurred, unexpired accounts
                      126
                      116
                      248

                      3020
                      Outlays (gross)
                      –10
                      –60
                      –88

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –1

                      3050
                      Unpaid obligations, end of year
                      232
                      288
                      448

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      117
                      232
                      288

                      3200
                      Obligated balance, end of year
                      232
                      288
                      448

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      90
                      80
                      248

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      10
                      60
                      88

                      4180
                      Budget authority, net (total)
                      90
                      80
                      248

                      4190
                      Outlays, net (total)
                      10
                      60
                      88

             The Budget proposes $250 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
                approximately 8 implementation grants and 5–10 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 security, expand educational opportunities,
                increase access to quality, affordable housing, and improve public safety. The President announced the first five Promise
                Zone communities in 2014 and will create an additional 15 Zones by the end of calendar year 2016. The Budget includes companion
                investments of $150 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.

             The Budget also includes a general provision to make the allocation of Choice Neighborhoods funding for the HOPE VI Main Street
                Housing Grants program optional rather than required.

             Revitalization of Severely Distressed Public Housing (HOPE VI)

             Program and Financing (in millions of dollars)

                      Identification code 086–0218–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      5
                      5
                      5

                      1930
                      Total budgetary resources available
                      5
                      5
                      5

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      5
                      5
                      5

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      383
                      286
                      196

                      3020
                      Outlays (gross)
                      –97
                      –90
                      –80

                      3050
                      Unpaid obligations, end of year
                      286
                      196
                      116

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      383
                      286
                      196

                      3200
                      Obligated balance, end of year
                      286
                      196
                      116

                      Budget authority and outlays, net:

                      Discretionary:

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      97
                      90
                      80

                      4190
                      Outlays, net (total)
                      97
                      90
                      80

             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] $85,000,000, to remain available until September 30, [2016] 2017: Provided, That the Secretary may, by Federal Register notice, waive or specify alternative requirements [under sections b(3), b(4), b(5), or c(1) of] to section 23 of such Act in order 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: Provided further, That owners of [a privately owned] multifamily [property] properties with [a] project-based subsidy contracts under section 8 [contract] may compete for funding under this heading and/or voluntarily make a Family Self-Sufficiency program available to the assisted tenants of such property in accordance with procedures
             established by the Secretary: Provided further, That such procedures established pursuant to the previous proviso shall permit participating tenants to accrue escrow funds
             in accordance with section 23(d)(2) and shall allow owners to use funding from residual receipt accounts to hire coordinators
             for their own Family Self-Sufficiency program[: Provided further, That the Secretary may carry out a demonstration testing the effectiveness of combining vouchers for homeless youth under
             the Family Unification Program authorized under section 8(x) of the United States Housing Act of 1937 (42 U.S.C. 1437 et seq.)
             ("the Act" herein) with assistance under the Family Self-Sufficiency program authorized under section 23 of the Act: Provided further, That the Secretary may establish alternative requirements to those contained in section 8(x) of the Act to facilitate such
             a demonstration: Provided further, That any public housing agency that has existing Family Unification Program vouchers and an established Family Self-Sufficiency
             program may participate in such demonstration provided that they can demonstrate (1) an agreement with the public child welfare
             agency or agencies to serve the target population; (2) capacity to serve the target population; (3) the success of the agency's
             existing Family Self-Sufficiency program in serving residents; (4) partnerships with local organizations that serve homeless
             youth; and (5) any other factors established by the Secretary: Provided further, That the Secretary shall monitor and evaluate the demonstration and report on whether the demonstration helped homeless
             youth achieve self-sufficiency]. (Department of Housing and Urban Development Appropriations Act, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0350–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Family Self-Sufficiency
                      75
                      75
                      84

                      0900
                      Total new obligations (object class 41.0)
                      75
                      75
                      84

                      Budgetary resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      75
                      75
                      85

                      1120
                      Appropriations transferred to other accts [086–0402]

                      –1

                      1160
                      Appropriation, discretionary (total)
                      75
                      75
                      84

                      1930
                      Total budgetary resources available
                      75
                      75
                      84

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      75
                      75

                      3010
                      Obligations incurred, unexpired accounts
                      75
                      75
                      84

                      3020
                      Outlays (gross)

                      –75
                      –75

                      3050
                      Unpaid obligations, end of year
                      75
                      75
                      84

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year

                      75
                      75

                      3200
                      Obligated balance, end of year
                      75
                      75
                      84

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      75
                      75
                      84

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances

                      75
                      75

                      4180
                      Budget authority, net (total)
                      75
                      75
                      84

                      4190
                      Outlays, net (total)

                      75
                      75

             The Budget requests $85 million for the 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. FSS provides service
                coordination through community partnerships that link assisted residents with employment assistance, job training, child care,
                transportation, financial literacy, and other supportive services. Residents participating in FSS are provided an interest
                bearing escrow account; any rent increase resulting from increased earned income during their participation in the program
                is credited to the escrow account.

             The 2015 HUD Appropriations Act (P.L. 113–235) allows PBRA residents, for the first time, to participate in FSS through programs
                run by: (1) public housing agencies; or (2) PBRA owners who use funds from their residual receipt accounts or other sources
                to hire service coordinators. The Budget continues this policy but also allows PBRA owners to compete for service coordinator
                funding requested under this heading.

             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] $660,000,000, to remain available until September 30, [2019] 2020: 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, $3,500,000 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: Provided further, That of the funds made available under the previous proviso, not less than $2,000,000 shall be made available for a national
             organization as authorized under section 703 of NAHASDA (25 U.S.C. 4212): Provided further, That of the amounts made available under this heading, $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] $17,452,007. (Department of Housing and Urban Development Appropriations Act, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0313–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0010
                      Indian Housing Block Grants
                      651
                      659
                      656

                      0011
                      Technical Assistance
                      8
                      2
                      2

                      0015
                      National and Regional Organizations
                      5
                      4
                      2

                      0091
                      Direct program activities, subtotal
                      664
                      665
                      660

                      Credit program obligations:

                      0702
                      Loan guarantee subsidy
                      1
                      3
                      2

                      0707
                      Reestimates of loan guarantee subsidy

                      3

                      0708
                      Interest on reestimates of loan guarantee subsidy

                      1

                      0791
                      Direct program activities, subtotal
                      1
                      7
                      2

                      0900
                      Total new obligations (object class 41.0)
                      665
                      672
                      662

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      38
                      28
                      10

                      1001
                      Discretionary unobligated balance brought fwd, Oct 1
                      38
                      28

                      1021
                      Recoveries of prior year unpaid obligations
                      4

                      1050
                      Unobligated balance (total)
                      42
                      28
                      10

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      650
                      650
                      660

                      1120
                      Appropriations transferred to other accts [086–0402]

                      –5

                      1160
                      Appropriation, discretionary (total)
                      650
                      650
                      655

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      1
                      4

                      1260
                      Appropriations, mandatory (total)
                      1
                      4

                      1900
                      Budget authority (total)
                      651
                      654
                      655

                      1930
                      Total budgetary resources available
                      693
                      682
                      665

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      28
                      10
                      3

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1,001
                      915
                      874

                      3010
                      Obligations incurred, unexpired accounts
                      665
                      672
                      662

                      3020
                      Outlays (gross)
                      –747
                      –713
                      –721

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –4

                      3050
                      Unpaid obligations, end of year
                      915
                      874
                      815

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1,001
                      915
                      874

                      3200
                      Obligated balance, end of year
                      915
                      874
                      815

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      650
                      650
                      655

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      246
                      192
                      193

                      4011
                      Outlays from discretionary balances
                      501
                      517
                      528

                      4020
                      Outlays, gross (total)
                      747
                      709
                      721

                      Mandatory:

                      4090
                      Budget authority, gross
                      1
                      4

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority

                      4

                      4180
                      Budget authority, net (total)
                      651
                      654
                      655

                      4190
                      Outlays, net (total)
                      747
                      713
                      721

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

                      Identification code 086–0313–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Guaranteed loan levels supportable by subsidy budget authority:

                      215001
                      Title VI Indian Federal Guarantees Program
                      12
                      27
                      27

                      Guaranteed loan subsidy (in percent):

                      232001
                      Title VI Indian Federal Guarantees Program
                      12.10
                      11.21
                      11.46

                      232999
                      Weighted average subsidy rate
                      12.10
                      11.21
                      11.46

                      Guaranteed loan subsidy budget authority:

                      233001
                      Title VI Indian Federal Guarantees Program
                      1
                      3
                      3

                      Guaranteed loan subsidy outlays:

                      234001
                      Title VI Indian Federal Guarantees Program

                      2
                      2

             The Budget proposes $660 million for the Native American Housing Block Grant program. This program allocates funds on a formula
                basis to over 360 recipients representing over 550 Indian tribes to help them address housing and other needs within their
                communities. In 2014, out of a population of 1.68 million American Indians and Alaska Natives in block grant formula areas,
                it is estimated that more than 107,600 households were either overcrowded or lacked adequate plumbing or kitchen facilities.

             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. The amount requested is sufficient to guarantee $17.45 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 086–4244–0–3–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0711
                      Default claim payments on principal

                      1
                      1

                      0712
                      Default claim payments on interest

                      1
                      1

                      0742
                      Downward reestimate paid to receipt account

                      2

                      0743
                      Interest on downward reestimates

                      1

                      0900
                      Total new obligations

                      5
                      2

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      13
                      13
                      14

                      Financing authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected

                      6
                      2

                      1850
                      Spending auth from offsetting collections, mand (total)

                      6
                      2

                      1930
                      Total budgetary resources available
                      13
                      19
                      16

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      13
                      14
                      14

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      2

                      3010
                      Obligations incurred, unexpired accounts

                      5
                      2

                      3020
                      Financing disbursements (gross)

                      –3
                      –3

                      3050
                      Unpaid obligations, end of year

                      2
                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year

                      2

                      3200
                      Obligated balance, end of year

                      2
                      1

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross

                      6
                      2

                      Financing disbursements:

                      4110
                      Financing disbursements, gross

                      3
                      3

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Federal sources

                      –5
                      –1

                      4122
                      Interest on uninvested funds

                      –1
                      –1

                      4130
                      Offsets against gross financing auth and disbursements (total)

                      –6
                      –2

                      4170
                      Financing disbursements, net (mandatory)

                      –3
                      1

                      4190
                      Financing disbursements, net (total)

                      –3
                      1

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 086–4244–0–3–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Position with respect to appropriations act limitation on commitments:

                      2111
                      Guaranteed loan commitments from current-year authority
                      17
                      17
                      17

                      2121
                      Limitation available from carry-forward
                      43
                      48
                      38

                      2143
                      Uncommitted limitation carried forward
                      –48
                      –38
                      –28

                      2150
                      Total guaranteed loan commitments
                      12
                      27
                      27

                      2199
                      Guaranteed amount of guaranteed loan commitments
                      12
                      27
                      27

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      143
                      130
                      141

                      2231
                      Disbursements of new guaranteed loans
                      3
                      18
                      23

                      2251
                      Repayments and prepayments
                      –14
                      –5
                      –5

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

                      2290
                      Outstanding, end of year
                      130
                      141
                      157

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      130
                      141
                      157

          Balance Sheet (in millions of dollars)

                      Identification code 086–4244–0–3–604
                      2013 actual
                      2014 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 grant[For the Native Hawaiian Housing Block Grant program, as authorized under title VIII of the Native American Housing Assistance
             and Self-Determination Act of 1996 (25 U.S.C. 4111 et seq.), $9,000,000, to remain available until September 30, 2019: 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, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0235–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Native Hawaiian Housing Block Grant
                      10
                      9

                      0002
                      Training and technical assistance
                      1

                      0900
                      Total new obligations (object class 41.0)
                      11
                      9

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      1

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      10
                      9

                      1160
                      Appropriation, discretionary (total)
                      10
                      9

                      1930
                      Total budgetary resources available
                      11
                      9

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      61
                      42
                      38

                      3010
                      Obligations incurred, unexpired accounts
                      11
                      9

                      3020
                      Outlays (gross)
                      –30
                      –13
                      –12

                      3050
                      Unpaid obligations, end of year
                      42
                      38
                      26

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      61
                      42
                      38

                      3200
                      Obligated balance, end of year
                      42
                      38
                      26

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      10
                      9

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority

                      1

                      4011
                      Outlays from discretionary balances
                      30
                      12
                      12

                      4020
                      Outlays, gross (total)
                      30
                      13
                      12

                      4180
                      Budget authority, net (total)
                      10
                      9

                      4190
                      Outlays, net (total)
                      30
                      13
                      12

             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.  The Budget does not request funds for this program because DHHL has sufficient balances from prior-year
                grants to support program activity through 2016.

             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), [$7,000,000] $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 [$744,047,000] $1,269,841,270, 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, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0223–0–1–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0702
                      Loan guarantee subsidy
                      4
                      11
                      7

                      0707
                      Reestimates of loan guarantee subsidy
                      93
                      10

                      0708
                      Interest on reestimates of loan guarantee subsidy
                      14

                      0709
                      Administrative expenses
                      1
                      1
                      1

                      0900
                      Total new obligations
                      112
                      22
                      8

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      5
                      6
                      2

                      1001
                      Discretionary unobligated balance brought fwd, Oct 1
                      5
                      6

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      6
                      7
                      8

                      1160
                      Appropriation, discretionary (total)
                      6
                      7
                      8

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      107
                      11

                      1260
                      Appropriations, mandatory (total)
                      107
                      11

                      1900
                      Budget authority (total)
                      113
                      18
                      8

                      1930
                      Total budgetary resources available
                      118
                      24
                      10

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      6
                      2
                      2

                      Change in obligated balance:

                      Unpaid obligations:

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

                      3010
                      Obligations incurred, unexpired accounts
                      112
                      22
                      8

                      3020
                      Outlays (gross)
                      –113
                      –22
                      –10

                      3050
                      Unpaid obligations, end of year
                      2
                      2

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      3
                      2
                      2

                      3200
                      Obligated balance, end of year
                      2
                      2

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      6
                      7
                      8

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      3
                      6
                      7

                      4011
                      Outlays from discretionary balances
                      3
                      5
                      3

                      4020
                      Outlays, gross (total)
                      6
                      11
                      10

                      Mandatory:

                      4090
                      Budget authority, gross
                      107
                      11

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      107
                      11

                      4180
                      Budget authority, net (total)
                      113
                      18
                      8

                      4190
                      Outlays, net (total)
                      113
                      22
                      10

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

                      Identification code 086–0223–0–1–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Guaranteed loan levels supportable by subsidy budget authority:

                      215001
                      Indian Housing Loan Guarantee
                      709
                      851
                      1,151

                      Guaranteed loan subsidy (in percent):

                      232001
                      Indian Housing Loan Guarantee
                      0.52
                      1.30
                      0.63

                      232999
                      Weighted average subsidy rate
                      0.52
                      1.30
                      0.63

                      Guaranteed loan subsidy budget authority:

                      233001
                      Indian Housing Loan Guarantee
                      3
                      11
                      7

                      Guaranteed loan subsidy outlays:

                      234001
                      Indian Housing Loan Guarantee
                      5
                      8
                      7

                      Guaranteed loan reestimates:

                      235001
                      Indian Housing Loan Guarantee
                      101
                      –10

             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.

          Object Classification (in millions of dollars)

                      Identification code 086–0223–0–1–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      4

                      41.0
                      Grants, subsidies, and contributions
                      108
                      22
                      8

                      99.9
                      Total new obligations
                      112
                      22
                      8

             Indian Housing Loan Guarantee Fund Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 086–4104–0–3–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0711
                      Default claim payments on principal
                      15
                      12
                      22

                      0713
                      Payment of interest to Treasury
                      6
                      2
                      2

                      0742
                      Downward reestimate paid to receipt account
                      2
                      16

                      0743
                      Interest on downward reestimates
                      4
                      5

                      0900
                      Total new obligations
                      27
                      35
                      24

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      165
                      272
                      287

                      Financing authority:

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority
                      1

                      1440
                      Borrowing authority, mandatory (total)
                      1

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      134
                      50
                      39

                      1801
                      Change in uncollected payments, Federal sources
                      –1

                      1850
                      Spending auth from offsetting collections, mand (total)
                      133
                      50
                      39

                      1900
                      Financing authority (total)
                      134
                      50
                      39

                      1930
                      Total budgetary resources available
                      299
                      322
                      326

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      272
                      287
                      302

                      Change in obligated balance:

                      Unpaid obligations:

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

                      3010
                      Obligations incurred, unexpired accounts
                      27
                      35
                      24

                      3020
                      Financing disbursements (gross)
                      –27

                      3050
                      Unpaid obligations, end of year
                      1
                      36
                      60

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –3
                      –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
                      –2
                      –1
                      34

                      3200
                      Obligated balance, end of year
                      –1
                      34
                      58

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      134
                      50
                      39

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      27

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Federal sources: Payments from program account
                      –112
                      –19
                      –8

                      4122
                      Interest on uninvested funds
                      –10
                      –12
                      –12

                      4123
                      Non-Federal sources
                      –12
                      –19
                      –19

                      4130
                      Offsets against gross financing auth and disbursements (total)
                      –134
                      –50
                      –39

                      Additional offsets against financing authority only (total):

                      4140
                      Change in uncollected pymts, Fed sources, unexpired
                      1

                      4160
                      Financing authority, net (mandatory)
                      1

                      4170
                      Financing disbursements, net (mandatory)
                      –107
                      –50
                      –39

                      4180
                      Financing authority, net (total)
                      1

                      4190
                      Financing disbursements, net (total)
                      –107
                      –50
                      –39

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 086–4104–0–3–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Position with respect to appropriations act limitation on commitments:

                      2111
                      Guaranteed loan commitments from current-year authority
                      1,591
                      744
                      1,270

                      2121
                      Limitation available from carry-forward
                      553
                      1,435
                      1,328

                      2143
                      Uncommitted limitation carried forward
                      –1,435
                      –1,328
                      –1,447

                      2150
                      Total guaranteed loan commitments
                      709
                      851
                      1,151

                      2199
                      Guaranteed amount of guaranteed loan commitments
                      709
                      744
                      1,151

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      3,480
                      4,056
                      4,715

                      2231
                      Disbursements of new guaranteed loans
                      595
                      675
                      875

                      2251
                      Repayments and prepayments
                      –4
                      –4
                      –4

                      2263
                      Adjustments: Terminations for default that result in claim payments
                      –15
                      –12
                      –22

                      2290
                      Outstanding, end of year
                      4,056
                      4,715
                      5,564

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      4,056
                      4,715
                      5,564

          Balance Sheet (in millions of dollars)

                      Identification code 086–4104–0–3–604
                      2013 actual
                      2014 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      258
                      67

                      1504
                      Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable: Foreclosed property
                      26
                      19

                      1999
                      Total assets
                      284
                      86

                      LIABILITIES:

                      2103
                      Federal liabilities: Debt Payable to Treasury
                      115
                      20

                      Non-Federal liabilities:

                      2204
                      Liabilities for loan guarantees
                      151
                      48

                      2207
                      Unearned revenues and advances
                      18
                      18

                      2999
                      Total liabilities
                      284
                      86

                      4999
                      Total liabilities and net position
                      284
                      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 $16,130,000,
             to remain available until expended.] (Department of Housing and Urban Development Appropriations Act, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0233–0–1–371
                      2014 actual
                      2015 est.
                      2016 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 086–0233–0–1–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Guaranteed loan levels supportable by subsidy budget authority:

                      215001
                      Native Hawaiian Housing Loan Guarantees
                      11
                      25
                      25

                      Guaranteed loan subsidy (in percent):

                      232001
                      Native Hawaiian Housing Loan Guarantees
                      0.53
                      0.62
                      0.51

                      232999
                      Weighted average subsidy rate
                      0.53
                      0.62
                      0.51

                      Guaranteed loan reestimates:

                      235001
                      Native Hawaiian Housing Loan Guarantees
                      –2
                      –1

             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 Budget does not provide any new credit subsidy budget authority.

             Native Hawaiian Housing Loan Guarantee Fund Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 086–4351–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0711
                      Default claim payments on principal
                      1
                      1
                      1

                      0713
                      Payment of interest to Treasury
                      1

                      0742
                      Downward reestimate paid to receipt account
                      1
                      1

                      0743
                      Interest on downward reestimates
                      1

                      0900
                      Total new obligations
                      4
                      2
                      1

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      7
                      4
                      3

                      Financing authority:

                      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)
                      1
                      1
                      1

                      1930
                      Total budgetary resources available
                      8
                      5
                      4

                      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

                      2

                      3010
                      Obligations incurred, unexpired accounts
                      4
                      2
                      1

                      3020
                      Financing disbursements (gross)
                      –4

                      3050
                      Unpaid obligations, end of year

                      2
                      3

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year

                      2

                      3200
                      Obligated balance, end of year

                      2
                      3

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      1
                      1
                      1

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      4

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Federal sources
                      –1

                      4122
                      Interest on uninvested funds

                      –1
                      –1

                      4130
                      Offsets against gross budget authority and outlays (total)
                      –1
                      –1
                      –1

                      4170
                      Financing disbursements, net (mandatory)
                      3
                      –1
                      –1

                      4190
                      Financing disbursements, net (total)
                      3
                      –1
                      –1

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 086–4351–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Position with respect to appropriations act limitation on commitments:

                      2111
                      Guaranteed loan commitments from current-year authority
                      19
                      16

                      2121
                      Limitation available from carry-forward
                      1,070
                      1,097
                      1,097

                      2143
                      Uncommitted limitation carried forward
                      –1,078
                      –1,088
                      –1,072

                      2150
                      Total guaranteed loan commitments
                      11
                      25
                      25

                      2199
                      Guaranteed amount of guaranteed loan commitments
                      11
                      25
                      25

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      84
                      103
                      118

                      2231
                      Disbursements of new guaranteed loans
                      20
                      16
                      22

                      2263
                      Adjustments: Terminations for default that result in claim payments
                      –1
                      –1
                      –1

                      2290
                      Outstanding, end of year
                      103
                      118
                      139

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      103
                      118
                      139

                      Addendum:

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

                      2310
                      Outstanding, start of year

                      2390
                      Outstanding, end of year

          Balance Sheet (in millions of dollars)

                      Identification code 086–4351–0–3–371
                      2013 actual
                      2014 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      1
                      3

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

                      1

                      1999
                      Total assets
                      1
                      4

                      LIABILITIES:

                      2103
                      Federal liabilities: Debt payable to Treasury

                      3

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

                      2999
                      Total liabilities
                      1
                      4

                      4999
                      Total liabilities and net position
                      1
                      4

             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, [2016] 2017, except that amounts allocated pursuant to section 854(c)(3) of such Act shall remain available until September 30, [2017] 2018: 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 such section [: 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, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0308–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      HOPWA Formula Grants
                      320
                      280
                      296

                      0002
                      HOPWA Competitive Grants
                      29
                      37
                      33

                      0900
                      Total new obligations (object class 41.0)
                      349
                      317
                      329

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      83
                      64
                      77

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      330
                      330
                      332

                      1120
                      Appropriations transferred to other accts [086–0308]
                      –33
                      –33
                      –33

                      1120
                      Appropriations transferred to other accts [086–0402]

                      –3

                      1121
                      Appropriations transferred from other acct [086–0308]
                      33
                      33
                      33

                      1160
                      Appropriation, discretionary (total)
                      330
                      330
                      329

                      1930
                      Total budgetary resources available
                      413
                      394
                      406

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      64
                      77
                      77

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      479
                      525
                      522

                      3010
                      Obligations incurred, unexpired accounts
                      349
                      317
                      329

                      3020
                      Outlays (gross)
                      –303
                      –320
                      –323

                      3050
                      Unpaid obligations, end of year
                      525
                      522
                      528

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      479
                      525
                      522

                      3200
                      Obligated balance, end of year
                      525
                      522
                      528

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      330
                      330
                      329

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      1
                      3
                      3

                      4011
                      Outlays from discretionary balances
                      302
                      317
                      320

                      4020
                      Outlays, gross (total)
                      303
                      320
                      323

                      4180
                      Budget authority, net (total)
                      330
                      330
                      329

                      4190
                      Outlays, net (total)
                      303
                      320
                      323

             The 2016 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, [$3,066,000,000] $2,880,000,000, to remain available until September 30, [2017] 2018, unless otherwise specified: Provided, That of the total amount provided, [$3,000,000,000] $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 notwithstanding section 105(e)(1) of the Act, no funds provided under this heading may be provided to a for-profit
             entity for an economic development project under section 105(a)(17) unless such project has been evaluated and selected in
             accordance with guidelines required under subparagraph (e)(2): [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 [$66,000,000] of the total amount provided under this heading, $80,000,000 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] total amount made available under the previous proviso,  [$6,000,000] up to $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] to Indian tribes, tribal organizations, and tribally-designated housing entities for the rehabilitation, acquisition, or new
                construction of housing for primary and secondary school teachers living on or near a reservation or other Indian areas, regardless
                of income or tribal membership: Provided further, That in making awards under the previous proviso, the Secretary may establish
                appropriate funding criteria and may give funding priority to applicants proposing to provide assistance to teachers that
                are employed at schools that are operated or assisted by the Bureau of Indian Education: Provided further, That notwithstanding
                any provision in the Housing and Community Development Act of 1974, any amounts made available to Indian tribes, tribal organizations,
                and tribally-designated housing entities for teacher housing may be used for new housing construction by any eligible applicant. (Department of Housing and Urban Development Appropriations Act, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0162–0–1–451
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Community Development Formula Grants
                      3,154
                      2,942
                      2,839

                      0002
                      Indian Tribes
                      59
                      62
                      70

                      0003
                      Indian Tribes Mold Remediation
                      4
                      12

                      0004
                      Hurricane Sandy
                      1,333
                      3,000
                      3,593

                      0005
                      2011 and 2012 Disasters
                      184
                      142
                      113

                      0006
                      2013 Disasters
                      80
                      136
                      238

                      0007
                      National Disaster Resilience Competition

                      500

                      0008
                      Indian Tribes Teacher Housing

                      10

                      0010
                      Disaster Assistance
                      2
                      1
                      84

                      0900
                      Total new obligations (object class 41.0)
                      4,816
                      6,295
                      7,447

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      13,875
                      12,159
                      8,930

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      3,100
                      3,066
                      2,880

                      1120
                      Appropriations transferred to other accts [086–0402]

                      –20

                      1160
                      Appropriation, discretionary (total)
                      3,100
                      3,066
                      2,860

                      1930
                      Total budgetary resources available
                      16,975
                      15,225
                      11,790

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      12,159
                      8,930
                      4,343

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      14,418
                      12,860
                      11,785

                      3010
                      Obligations incurred, unexpired accounts
                      4,816
                      6,295
                      7,447

                      3020
                      Outlays (gross)
                      –6,370
                      –7,370
                      –6,924

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –4

                      3050
                      Unpaid obligations, end of year
                      12,860
                      11,785
                      12,308

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      14,418
                      12,860
                      11,785

                      3200
                      Obligated balance, end of year
                      12,860
                      11,785
                      12,308

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      3,100
                      3,066
                      2,860

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      14
                      31
                      29

                      4011
                      Outlays from discretionary balances
                      6,356
                      7,339
                      6,895

                      4020
                      Outlays, gross (total)
                      6,370
                      7,370
                      6,924

                      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)
                      3,100
                      3,066
                      2,860

                      4080
                      Outlays, net (discretionary)
                      6,369
                      7,370
                      6,924

                      4180
                      Budget authority, net (total)
                      3,100
                      3,066
                      2,860

                      4190
                      Outlays, net (total)
                      6,369
                      7,370
                      6,924

             The 2016 Budget includes $2.8 billion for the Community Development Block Grant (CDBG) program and an additional $80 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 (which account for 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).

             To modernize the 40-year-old CDBG program, HUD has developed a set of legislative proposals to ensure the program delivers
                value and results to the nation's communities, and more specifically to low- and moderate-income populations, for years to
                come. The proposal, titled "Moving CDBG Forward", is the result of a process initiated by HUD in 2013 that provided CDBG stakeholders
                the opportunity to assess the program and to recommend legislative, regulatory, and policy improvements. These recommendations,
                along with HUD's expertise administering the program and research conducted by HUD's Office of Policy Development and Research
                form the basis for the CDBG legislative reforms . 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 Department will also evaluate a series of potential regulatory
                updates to the CDBG program, as significant portions of the CDBG regulations have not been updated in more than 20 years.

             The Budget also proposes to increase the set-aside for colonias to allow for more funding to be directed to these rural border
                communities, many of which lack adequate water, sewer, decent housing, or a combination of the three. This change would increase
                the maximum set-aside for the colonias from 10 percent to 15 percent, and affects the state CDBG programs of Texas, New Mexico,
                Arizona, and California.

             In addition, the CDBG program is part of the proposed Upward Mobility Project, a new initiative to allow states, localities
                or consortia of the two to blend funding across four block grants, including the Department of Health and Human Services'
                (HHS) Social Services Block Grant and Community Services Block Grant, as well as HUD's HOME Investment Partnerships Program
                and CDBG, that share a common goal of promoting opportunity and reducing poverty. In exchange for more accountability for
                results, state and localities would be able to use the funds beyond the current allowable purposes of these programs to implement
                evidence-based or promising strategies for helping individuals succeed in the labor market and improving economic mobility,
                children's outcomes, and the ability of communities to expand opportunity. Participating communities would also be eligible
                to receive a total of $1.5 billion in new funding through HHS, in addition to flexibility with currently provided resources.

             The Budget also includes $80 million for the Indian Community Development program. This program provides grants to help develop
                viable American Indian and Alaska Native Communities with decent housing, a suitable living environment, and economic opportunities,
                primarily for low- and moderate-income persons. Within this program, up to $10 million will be used to help tribes attract
                and retain high-quality teachers in Indian Country by improving the availability and physical condition of teacher housing.
                This set-aside is one of several investments supporting Generation Indigenous, an Administration initiative focused on removing
                the barriers to success for Native youth. This initiative will take a comprehensive, culturally appropriate approach to help
                improve the lives and opportunities for Native youth.

             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, but are also
                available to respond to other significant Presidentially-declared disasters that occurred in calendar years 2011, 2012, and
                2013. Approximately $1 billion of this amount has been reserved for the National Disaster Resilience Competition (NDRC), which
                HUD announced in September 2014. The NDRC will support innovative resilience projects at the local level while encouraging
                communities to adopt policy changes and activities that plan for the impacts of extreme weather and climate change and rebuild
                affected areas to be better prepared for the future. The Department expects to make NDRC awards late in 2015.

             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).

             Brownfields Redevelopment

             Program and Financing (in millions of dollars)

                      Identification code 086–0314–0–1–451
                      2014 actual
                      2015 est.
                      2016 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
                      4

                      Budget authority:

                      Appropriations, discretionary:

                      1131
                      Unobligated balance of appropriations permanently reduced

                      –3

                      1160
                      Appropriation, discretionary (total)

                      –3

                      1930
                      Total budgetary resources available
                      4
                      1

                      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
                      25
                      20
                      16

                      3010
                      Obligations incurred, unexpired accounts

                      1

                      3020
                      Outlays (gross)
                      –4
                      –5
                      –5

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      20
                      16
                      11

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      25
                      20
                      16

                      3200
                      Obligated balance, end of year
                      20
                      16
                      11

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross

                      –3

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      4
                      5
                      5

                      4180
                      Budget authority, net (total)

                      –3

                      4190
                      Outlays, net (total)
                      4
                      5
                      5

             The 2016 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, for similar purposes. The Consolidated and Further Continuing Appropriations Act, 2015 (P.L. 113–235) directed
                the Department to rescind any unobligated balances and recaptures of BEDI funds.

             Home investment partnerships programFor the HOME investment partnerships program, as authorized under title II of the Cranston-Gonzalez National Affordable Housing
             Act, as amended, [$900,000,000] $1,060,000,000, to remain available until September 30, [2018] 2019: 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 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 [the Department shall notify grantees of their formula allocation within 60 days of enactment of this Act] funds provided in prior appropriations Acts for technical assistance, that were made available for Community Housing Development
                Organizations technical assistance, and that still remain available, may be used for HOME technical assistance notwithstanding
                the purposes for which such amounts were appropriated: Provided further, That of the total amount provided under this heading,
                $10,000,000 shall be made available to the Self-help Homeownership Opportunity Program as authorized under section 11 of the
                Housing Opportunity Program Extension Act of 1996, as amended. (Department of Housing and Urban Development Appropriations Act, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0205–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      HOME Investment Program
                      1,023
                      935
                      1,036

                      0002
                      Technical Assistance

                      1

                      0003
                      SHOP

                      10

                      0900
                      Total new obligations (object class 41.0)
                      1,023
                      936
                      1,046

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      190
                      180
                      144

                      1021
                      Recoveries of prior year unpaid obligations
                      14

                      1050
                      Unobligated balance (total)
                      204
                      180
                      144

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      1,000
                      900
                      1,060

                      1120
                      Appropriations transferred to other accts [086–0402]

                      –8

                      1160
                      Appropriation, discretionary (total)
                      1,000
                      900
                      1,052

                      1930
                      Total budgetary resources available
                      1,204
                      1,080
                      1,196

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –1

                      1941
                      Unexpired unobligated balance, end of year
                      180
                      144
                      150

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      3,819
                      3,567
                      3,348

                      3010
                      Obligations incurred, unexpired accounts
                      1,023
                      936
                      1,046

                      3011
                      Obligations incurred, expired accounts
                      1

                      3020
                      Outlays (gross)
                      –1,250
                      –1,155
                      –1,044

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –14

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –12

                      3050
                      Unpaid obligations, end of year
                      3,567
                      3,348
                      3,350

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      3,819
                      3,567
                      3,348

                      3200
                      Obligated balance, end of year
                      3,567
                      3,348
                      3,350

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      1,000
                      900
                      1,052

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      4
                      9
                      11

                      4011
                      Outlays from discretionary balances
                      1,246
                      1,146
                      1,033

                      4020
                      Outlays, gross (total)
                      1,250
                      1,155
                      1,044

                      4180
                      Budget authority, net (total)
                      1,000
                      900
                      1,052

                      4190
                      Outlays, net (total)
                      1,250
                      1,155
                      1,044

             The Budget requests $1.060 billion for the HOME Investments Partnership Program (HOME), of which $10 million is set aside
                for the Self-help Homeownership Opportunity Program (SHOP). The HOME 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 other funds such as the Low-Income Housing
                Tax Credit (LIHTC), Community Development Block Grant, and local funds.  Over time, the requested HOME funding is estimated
                to result in the production of almost 39,000 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 more than 8,700 units.

             The 2016 Budget 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; allow nonprofit organizations that operate statewide to
                be designated as CHDOs by the State Participating Jurisdiction; 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.

             In addition, the HOME program is part of the proposed Upward Mobility Project, a new initiative to allow states, localities
                or consortia of the two to blend funding across four block grants, including the Department of Health and Human Services'
                (HHS) Social Services Block Grant and Community Services Block Grant, as well as HUD's Community Development Block Grant and
                HOME, that share a common goal of promoting opportunity and reducing poverty. In exchange for more accountability for results,
                state and localities would be able to use the funds beyond the current allowable purposes of these programs to implement evidence-based
                or promising strategies for helping individuals succeed in the labor market and improving economic mobility, children's outcomes,
                and the ability of communities to expand opportunity. Participating communities would also be eligible to receive a total
                of $1.5 billion in new funding through HHS, in addition to flexibility with currently provided resources.

             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 2016
                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, establish a standard grant term of 36 months, establish
                a deadline for completion of SHOP units, and explicitly include planning, administrative, and management costs as eligible
                activities.

             Local Housing Policy Grants

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

                      Identification code 086–0455–4–1–451
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Grants

                      300

                      0900
                      Total new obligations (object class 41.0)

                      300

                      Budgetary resources:

                      Budget authority:

                      Appropriations, mandatory:

                      1200
                      Appropriation

                      300

                      1260
                      Appropriations, mandatory (total)

                      300

                      1930
                      Total budgetary resources available

                      300

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      Obligations incurred, unexpired accounts

                      300

                      3020
                      Outlays (gross)

                      –6

                      3050
                      Unpaid obligations, end of year

                      294

                      Memorandum (non-add) entries:

                      3200
                      Obligated balance, end of year

                      294

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross

                      300

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority

                      6

                      4180
                      Budget authority, net (total)

                      300

                      4190
                      Outlays, net (total)

                      6

             The 2016 Budget proposes a $300 million mandatory appropriation for a new Local Housing Policy Grants program. This program
                would provide grants to localities and regional coalitions of localities to support new policies, programs or regulatory initiatives,
                such as design options, process changes, and land use regulations, to create a more elastic and diverse housing supply. The
                goal of this new initiative is to demonstrate that concentrated and coordinated efforts across a number of housing markets
                can significantly expand the supply and affordability of housing, increase access to jobs, and fuel economic growth. Funds
                would support activities that are necessary to support the new actions, including infrastructure expansion and/or improvement,
                market evaluation, code writing assistance, and stakeholder education and outreach. The funds would also establish a learning
                network that would provide ongoing capacity building to the organizations and entities to facilitate shared learning opportunities
                and disseminate best practices.

             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, 2017: 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, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0176–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Self Help Housing Opportunity Program

                      10
                      10

                      0002
                      Capacity Building
                      33
                      35
                      35

                      0003
                      Rural Capacity Building
                      5
                      5
                      5

                      0900
                      Total new obligations (object class 41.0)
                      38
                      50
                      50

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      38
                      50
                      50

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      50
                      50

                      1160
                      Appropriation, discretionary (total)
                      50
                      50

                      1930
                      Total budgetary resources available
                      88
                      100
                      50

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      50
                      50

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      150
                      112
                      100

                      3010
                      Obligations incurred, unexpired accounts
                      38
                      50
                      50

                      3020
                      Outlays (gross)
                      –75
                      –62
                      –59

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      112
                      100
                      91

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      150
                      112
                      100

                      3200
                      Obligated balance, end of year
                      112
                      100
                      91

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      50
                      50

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      75
                      62
                      59

                      4180
                      Budget authority, net (total)
                      50
                      50

                      4190
                      Outlays, net (total)
                      75
                      62
                      59

             The 2016 Budget requests no separate funding for the Self-Help and Assisted Homeownership Opportunity Program (SHOP) account.
                Instead, funding for the SHOP program is included as part of the request for the HOME Investment Partnerships Program. Funding
                for capacity building activities is included as part the request for the Transformation Initiative (TI).  Within TI, HUD will
                continue its integrated approach to technical assistance and capacity building, including activities 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.

             Neighborhood Stabilization Program

             Program and Financing (in millions of dollars)

                      Identification code 086–0344–0–1–451
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0003
                      Disaster Assistance

                      14
                      8

                      0900
                      Total new obligations (object class 41.0)

                      14
                      8

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      16
                      22
                      8

                      1021
                      Recoveries of prior year unpaid obligations
                      6

                      1050
                      Unobligated balance (total)
                      22
                      22
                      8

                      1930
                      Total budgetary resources available
                      22
                      22
                      8

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      22
                      8

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      627
                      318
                      85

                      3010
                      Obligations incurred, unexpired accounts

                      14
                      8

                      3020
                      Outlays (gross)
                      –303
                      –247
                      –72

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –6

                      3050
                      Unpaid obligations, end of year
                      318
                      85
                      21

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      627
                      318
                      85

                      3200
                      Obligated balance, end of year
                      318
                      85
                      21

                      Budget authority and outlays, net:

                      Mandatory:

                      Outlays, gross:

                      4101
                      Outlays from mandatory balances
                      303
                      247
                      72

                      4190
                      Outlays, net (total)
                      303
                      247
                      72

             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 December 2014, NSP grantees had expended all but 0.7 percent of the total funds appropriated for all iterations of NSP.
                HUD is closely monitoring efforts to expend these funds consistent with NSP requirements and the Department's timeline for
                closing out all grants.  HUD is providing technical assistance to grantees and may invoke sanctions for lack of performance,
                as appropriate.

             Homeless assistance grantsFor 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, [$2,135,000,000] $2,480,000,000, to remain available until September 30, [2017] 2018: 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 of the funds appropriated under this heading shall be available for such emergency solutions
             grants program: Provided further, That not less than [$1,862,000,000] $2,223,000,000 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 $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: Provided further, That with respect to funds provided under this heading for the continuum of care program for fiscal years 2012, 2013, 2014,
             and 2015 provision of permanent housing rental assistance may be administered by private nonprofit organizations: 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] That any unobligated amounts remaining from funds appropriated under this heading in fiscal year 2012 and prior years for
                project-based rental assistance for rehabilitation projects with 10-year grant terms may be used for purposes under this heading,
                notwithstanding the purposes for which such funds were appropriated: 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 2016. (Department of Housing and Urban Development Appropriations Act, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0192–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Continuum of Care (SPC, SHP, Rural)
                      1,684
                      1,889
                      1,946

                      0002
                      Emergency Solutions Grants - Formula
                      266
                      250
                      250

                      0003
                      National Homeless Data Analysis Project
                      6
                      7
                      7

                      0004
                      Section 8 Moderate Rehabilitation
                      1
                      1
                      1

                      0900
                      Total new obligations (object class 41.0)
                      1,957
                      2,147
                      2,204

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      1,880
                      2,060
                      2,068

                      1021
                      Recoveries of prior year unpaid obligations
                      29
                      20
                      20

                      1050
                      Unobligated balance (total)
                      1,909
                      2,080
                      2,088

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      2,105
                      2,135
                      2,480

                      1160
                      Appropriation, discretionary (total)
                      2,105
                      2,135
                      2,480

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      5

                      1750
                      Spending auth from offsetting collections, disc (total)
                      5

                      1900
                      Budget authority (total)
                      2,110
                      2,135
                      2,480

                      1930
                      Total budgetary resources available
                      4,019
                      4,215
                      4,568

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –2

                      1941
                      Unexpired unobligated balance, end of year
                      2,060
                      2,068
                      2,364

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      2,691
                      2,604
                      2,713

                      3010
                      Obligations incurred, unexpired accounts
                      1,957
                      2,147
                      2,204

                      3011
                      Obligations incurred, expired accounts
                      1

                      3020
                      Outlays (gross)
                      –1,888
                      –2,018
                      –2,077

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –29
                      –20
                      –20

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –128

                      3050
                      Unpaid obligations, end of year
                      2,604
                      2,713
                      2,820

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      2,691
                      2,604
                      2,713

                      3200
                      Obligated balance, end of year
                      2,604
                      2,713
                      2,820

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      2,110
                      2,135
                      2,480

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      5
                      11
                      12

                      4011
                      Outlays from discretionary balances
                      1,883
                      2,007
                      2,065

                      4020
                      Outlays, gross (total)
                      1,888
                      2,018
                      2,077

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4030
                      Federal sources
                      –5

                      4033
                      Non-Federal sources
                      –5

                      4040
                      Offsets against gross budget authority  and outlays (total)
                      –10

                      Additional offsets against gross budget authority only:

                      4052
                      Offsetting collections credited to expired accounts
                      5

                      4070
                      Budget authority, net (discretionary)
                      2,105
                      2,135
                      2,480

                      4080
                      Outlays, net (discretionary)
                      1,878
                      2,018
                      2,077

                      4180
                      Budget authority, net (total)
                      2,105
                      2,135
                      2,480

                      4190
                      Outlays, net (total)
                      1,878
                      2,018
                      2,077

             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.

             The 2016 Budget provides $2.480 billion for a wide range of activities to assist homeless persons and prevent future occurrences
                of homelessness. The Budget supports $2.223 billion for the CoC program, including funding for competitive renewals, new permanent
                supportive housing for persons experiencing chronic homelessness, and new rapid re-housing for families with children experiencing
                homelessness; $250 million for ESG formula funding for communities to address emergency needs such as emergency shelter, street
                outreach, essential services, homelessness prevention, and rapid re-housing; and $7 million for the National Homeless Data
                Analysis Project.

             Many communities have made great strides in creating comprehensive approaches to ending homelessness—particularly chronic
                homelessness—through the development of local plans. The 2016 Budget continues to support local efforts and makes further
                progress toward the Administration's goals of ending veteran homelessness in 2015, ending chronic homelessness in 2017, and
                ending homelessness for families, youth and children in 2020. In addition to targeted increases in HUD's Homeless Assistance
                Grants, the Budget provides 67,000 new Housing Choice Vouchers to support low-income households, including families experiencing
                homelessness, survivors of domestic and dating violence, families with children in foster care, youth aging out of foster
                care, and homeless veterans, regardless of their discharge status.

             The 2016 Budget proposes a permanent amendment to the HEARTH Act to allow non-profits to administer rental assistance. This
                would replace the annual appropriations language related to this proposal that was first enacted in 2014.

             The 2016 Budget also proposes to amend Title V of the McKinney-Vento Act, which enables eligible organizations to use unutilized,
                underutilized, excess, or surplus Federal properties as facilities that assist homeless persons. As part of the Administration's
                efforts to improve Federal real property management, the amendments would improve the utility of the data provided to the
                public and support a more timely and effective process.

             Permanent Supportive Housing

             Program and Financing (in millions of dollars)

                      Identification code 086–0342–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      27
                      13
                      6

                      3020
                      Outlays (gross)
                      –14
                      –7
                      –3

                      3050
                      Unpaid obligations, end of year
                      13
                      6
                      3

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      27
                      13
                      6

                      3200
                      Obligated balance, end of year
                      13
                      6
                      3

                      Budget authority and outlays, net:

                      Discretionary:

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      14
                      7
                      3

                      4190
                      Outlays, net (total)
                      14
                      7
                      3

             The Supplemental Appropriations Act, 2008 (P.L. 110–252) 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 086–0324–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Border Capital Community Initiative
                      2

                      0002
                      Delta Capital Community Initiative

                      2

                      0003
                      Appalachia Economic Development Initiative

                      2

                      0900
                      Total new obligations (object class 41.0)
                      2
                      4

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      4
                      3

                      1021
                      Recoveries of prior year unpaid obligations
                      1
                      1

                      1050
                      Unobligated balance (total)
                      5
                      4

                      1930
                      Total budgetary resources available
                      5
                      4

                      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
                      13
                      9
                      6

                      3010
                      Obligations incurred, unexpired accounts
                      2
                      4

                      3020
                      Outlays (gross)
                      –5
                      –6
                      –2

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

                      3050
                      Unpaid obligations, end of year
                      9
                      6
                      4

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      13
                      9
                      6

                      3200
                      Obligated balance, end of year
                      9
                      6
                      4

                      Budget authority and outlays, net:

                      Discretionary:

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      5
                      6
                      2

                      4190
                      Outlays, net (total)
                      5
                      6
                      2

             The 2016 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 086–4015–0–3–451
                      2014 actual
                      2015 est.
                      2016 est.

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1

                      1

                      1022
                      Capital transfer of unobligated balances to general fund

                      –1

                      Budget authority:

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      1

                      1260
                      Appropriations, mandatory (total)
                      1

                      1930
                      Total budgetary resources available
                      1

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      10
                      9
                      8

                      3020
                      Outlays (gross)
                      –1
                      –1
                      –1

                      3050
                      Unpaid obligations, end of year
                      9
                      8
                      7

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      10
                      9
                      8

                      3200
                      Obligated balance, end of year
                      9
                      8
                      7

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      1

                      Outlays, gross:

                      4101
                      Outlays from mandatory balances
                      1
                      1
                      1

                      4180
                      Budget authority, net (total)
                      1

                      4190
                      Outlays, net (total)
                      1
                      1
                      1

          Status of Direct Loans (in millions of dollars)

                      Identification code 086–4015–0–3–451
                      2014 actual
                      2015 est.
                      2016 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 not originated new loans for over 20 years. 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 to the Treasury.

          Balance Sheet (in millions of dollars)

                      Identification code 086–4015–0–3–451
                      2013 actual
                      2014 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
                      2
                      2

                      1699
                      Value of assets related to direct loans
                      2
                      2

                      1999
                      Total assets
                      11
                      11

                      LIABILITIES:

                      2207
                      Non-Federal liabilities: Other
                      1
                      1

                      NET POSITION:

                      3100
                      Unexpended appropriations
                      10
                      10

                      4999
                      Total liabilities and net position
                      11
                      11

             Community development loan guarantees program accountSubject to section 502 of the Congressional Budget Act of 1974, during fiscal year [2015] 2016, 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, notwithstanding any aggregate limitation on outstanding obligations guaranteed in subsection (k) of such section
             108] $300,000,000: Provided, That the Secretary shall collect fees from borrowers [, notwithstanding subsection (m) of such section 108,] to result in a credit subsidy cost of zero for guaranteeing such loans, and any such fees shall be collected in accordance
             with section 502(7) of the Congressional Budget Act of 1974. (Department of Housing and Urban Development Appropriations Act, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0198–0–1–451
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0702
                      Loan guarantee subsidy
                      3
                      3

                      0707
                      Reestimates of loan guarantee subsidy
                      2
                      1

                      0900
                      Total new obligations (object class 33.0)
                      5
                      4

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      4
                      3
                      1

                      1001
                      Discretionary unobligated balance brought fwd, Oct 1
                      4
                      3

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      3

                      1160
                      Appropriation, discretionary (total)
                      3

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      3
                      2

                      1260
                      Appropriations, mandatory (total)
                      3
                      2

                      1900
                      Budget authority (total)
                      6
                      2

                      1930
                      Total budgetary resources available
                      10
                      5
                      1

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –2

                      1941
                      Unexpired unobligated balance, end of year
                      3
                      1
                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      16
                      16
                      13

                      3010
                      Obligations incurred, unexpired accounts
                      5
                      4

                      3020
                      Outlays (gross)
                      –4
                      –7
                      –5

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      16
                      13
                      8

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      16
                      16
                      13

                      3200
                      Obligated balance, end of year
                      16
                      13
                      8

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      3

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      1
                      5
                      5

                      Mandatory:

                      4090
                      Budget authority, gross
                      3
                      2

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      3
                      2

                      4180
                      Budget authority, net (total)
                      6
                      2

                      4190
                      Outlays, net (total)
                      4
                      7
                      5

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

                      Identification code 086–0198–0–1–451
                      2014 actual
                      2015 est.
                      2016 est.

                      Guaranteed loan levels supportable by subsidy budget authority:

                      215001
                      Community development loan guarantee levels
                      86
                      124

                      215003
                      Community Development Loan Guarantee (Fee)

                      76
                      300

                      215999
                      Total loan guarantee levels
                      86
                      200
                      300

                      Guaranteed loan subsidy (in percent):

                      232001
                      Community development loan guarantee levels
                      2.56
                      2.42
                      0.00

                      232003
                      Community Development Loan Guarantee (Fee)
                      0.00
                      0.00
                      0.00

                      232999
                      Weighted average subsidy rate
                      2.56
                      1.50
                      0.00

                      Guaranteed loan subsidy budget authority:

                      233001
                      Community development loan guarantee levels
                      2
                      3

                      233999
                      Total subsidy budget authority
                      2
                      3

                      Guaranteed loan subsidy outlays:

                      234001
                      Community development loan guarantee levels
                      1
                      5
                      5

                      234999
                      Total subsidy outlays
                      1
                      5
                      5

                      Guaranteed loan reestimates:

                      235001
                      Community development loan guarantee levels
                      –4
                      –19

                      235999
                      Total guaranteed loan reestimates
                      –4
                      –19

             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 2016 Budget includes a guaranteed loan limit of $300 million, and 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 permanent 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. The Department will issue regulations in 2015 to implement the new fee.

             Community Development Loan Guarantees Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 086–4096–0–3–451
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0742
                      Downward reestimate paid to receipt account
                      5
                      11

                      0743
                      Interest on downward reestimates
                      3
                      9

                      0900
                      Total new obligations
                      8
                      20

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      124
                      125
                      118

                      Financing authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      9
                      13
                      17

                      1850
                      Spending auth from offsetting collections, mand (total)
                      9
                      13
                      17

                      1930
                      Total budgetary resources available
                      133
                      138
                      135

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      125
                      118
                      135

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      1
                      21

                      3010
                      Obligations incurred, unexpired accounts
                      8
                      20

                      3020
                      Financing disbursements (gross)
                      –7

                      3050
                      Unpaid obligations, end of year
                      1
                      21
                      21

                      Uncollected payments:

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

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

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      –17
                      –16
                      4

                      3200
                      Obligated balance, end of year
                      –16
                      4
                      4

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      9
                      13
                      17

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      7

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Federal Sources: Payments from Program Account
                      –4
                      –7
                      –5

                      4122
                      Interest on uninvested funds
                      –5
                      –4
                      –4

                      4123
                      Non-Federal sources

                      –2
                      –8

                      4130
                      Offsets against gross financing auth and disbursements (total)
                      –9
                      –13
                      –17

                      4170
                      Financing disbursements, net (mandatory)
                      –2
                      –13
                      –17

                      4190
                      Financing disbursements, net (total)
                      –2
                      –13
                      –17

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 086–4096–0–3–451
                      2014 actual
                      2015 est.
                      2016 est.

                      Position with respect to appropriations act limitation on commitments:

                      2111
                      Guaranteed loan commitments from current-year authority
                      150
                      500
                      300

                      2121
                      Limitation available from carry-forward
                      147
                      124

                      2142
                      Uncommitted loan guarantee limitation
                      –61
                      –424

                      2143
                      Uncommitted limitation carried forward
                      –150

                      2150
                      Total guaranteed loan commitments
                      86
                      200
                      300

                      2199
                      Guaranteed amount of guaranteed loan commitments
                      86
                      200
                      300

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      1,989
                      2,010
                      1,970

                      2231
                      Disbursements of new guaranteed loans
                      39
                      210
                      210

                      2251
                      Repayments and prepayments
                      –18
                      –250
                      –250

                      2290
                      Outstanding, end of year
                      2,010
                      1,970
                      1,930

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      2,010
                      1,909
                      1,909

          Balance Sheet (in millions of dollars)

                      Identification code 086–4096–0–3–451
                      2013 actual
                      2014 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      109
                      96

                      1999
                      Total assets
                      109
                      96

                      LIABILITIES:

                      2204
                      Non-Federal liabilities: Liabilities for loan guarantees
                      109
                      96

                      4999
                      Total liabilities and net position
                      109
                      96

             Community Development Loan Guarantees Liquidating Account

             Program and Financing (in millions of dollars)

                      Identification code 086–4097–0–3–451
                      2014 actual
                      2015 est.
                      2016 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 086–4097–0–3–451
                      2014 actual
                      2015 est.
                      2016 est.

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      1
                      1
                      1

                      2290
                      Outstanding, end of year
                      1
                      1
                      1

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      1

          Balance Sheet (in millions of dollars)

                      Identification code 086–4097–0–3–451
                      2013 actual
                      2014 actual

                      ASSETS:

                      Federal assets:

                      1101
                      Fund balances with Treasury
                      –3
                      –3

                      Investments in US securities:

                      1106
                      Receivables, net
                      3
                      3

                      1999
                      Total assets

          Trust Funds
             Housing Trust Fund

             Special and Trust Fund Receipts (in millions of dollars)

                      Identification code 086–8560–0–7–604
                      2014 actual
                      2015 est.
                      2016 est.

                      0100
                      Balance, start of year

                      Receipts:

                      0220
                      Affordable Housing Allocation, Housing Trust Fund

                      120

                      0400
                      Total: Balances and collections

                      120

                      Appropriations:

                      0500
                      Housing Trust Fund

                      –120

                      0799
                      Balance, end of year

          Program and Financing (in millions of dollars)

                      Identification code 086–8560–0–7–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Grants

                      120

                      0900
                      Total new obligations (object class 41.0)

                      120

                      Budgetary resources:

                      Budget authority:

                      Appropriations, mandatory:

                      1201
                      Appropriation (special or trust fund)

                      120

                      1260
                      Appropriations, mandatory (total)

                      120

                      1930
                      Total budgetary resources available

                      120

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      Obligations incurred, unexpired accounts

                      120

                      3020
                      Outlays (gross)

                      –1

                      3050
                      Unpaid obligations, end of year

                      119

                      Memorandum (non-add) entries:

                      3200
                      Obligated balance, end of year

                      119

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross

                      120

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority

                      1

                      4180
                      Budget authority, net (total)

                      120

                      4190
                      Outlays, net (total)

                      1

             The Housing Trust Fund was authorized by section 1131 of the Housing and Economic Recovery Act of 2008 (Public Law 110–289),
                which directed the account to be funded from assessments on Fannie Mae and Freddie Mac. The Federal Housing Finance Agency
                (FHFA), as regulator of Fannie Mae and Freddie Mac, suspended these assessments in November 2008. In December 2014, FHFA announced
                that the assessments would be reinstated effective January 2015, subject to the terms and conditions prescribed by FHFA.

             The Budget estimates that $120 million will be allocated to the Housing Trust Fund in 2016 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. Funds will be distributed by formula to States or State-designated entities to be used primarily for the
                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.

             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, [$9,330,000,000] $10,360,000,000,  to remain available until [expended] September 30, 2018, shall be available on October 1, [2014] 2015 (in addition to the $400,000,000 previously appropriated under this heading that became available October 1, [2014] 2015), and $400,000,000, to remain available until [expended] September 30, 2019, shall be available on October 1, [2015] 2016: 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 [$210,000,000] $215,000,000 shall be available for 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, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0303–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Contract Renewals
                      8,757
                      8,911
                      9,610

                      0002
                      RAD Contract Renewals
                      1
                      41
                      93

                      0003
                      Section 8 Amendments
                      601
                      590
                      580

                      0004
                      Contract Administrators
                      253
                      154
                      361

                      0005
                      Vouchers for Disaster Relief

                      1

                      0006
                      Tenant Information and Outreach
                      2
                      3
                      3

                      0007
                      SPRAC Renewals

                      16

                      0008
                      Mod Rehab and SRO Renewals
                      256
                      300
                      300

                      0900
                      Total new obligations (object class 41.0)
                      9,870
                      9,999
                      10,964

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      259
                      351
                      146

                      1021
                      Recoveries of prior year unpaid obligations
                      44

                      1050
                      Unobligated balance (total)
                      303
                      351
                      146

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      9,517
                      9,330
                      10,360

                      1120
                      Appropriations transferred to other accts [086–0402]

                      –20

                      1121
                      Appropriations transferred from other acct [086–0163]

                      28
                      47

                      1121
                      Appropriations transferred from other acct [086–0304]
                      1
                      11
                      16

                      1160
                      Appropriation, discretionary (total)
                      9,518
                      9,369
                      10,403

                      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

                      25
                      15

                      1750
                      Spending auth from offsetting collections, disc (total)

                      25
                      15

                      1900
                      Budget authority (total)
                      9,918
                      9,794
                      10,818

                      1930
                      Total budgetary resources available
                      10,221
                      10,145
                      10,964

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      351
                      146

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      4,957
                      4,959
                      4,655

                      3010
                      Obligations incurred, unexpired accounts
                      9,870
                      9,999
                      10,964

                      3020
                      Outlays (gross)
                      –9,824
                      –10,303
                      –10,790

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –44

                      3050
                      Unpaid obligations, end of year
                      4,959
                      4,655
                      4,829

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      4,957
                      4,959
                      4,655

                      3200
                      Obligated balance, end of year
                      4,959
                      4,655
                      4,829

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      9,918
                      9,794
                      10,818

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      4,879
                      6,033
                      6,650

                      4011
                      Outlays from discretionary balances
                      4,945
                      4,270
                      4,140

                      4020
                      Outlays, gross (total)
                      9,824
                      10,303
                      10,790

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources

                      –25
                      –15

                      4180
                      Budget authority, net (total)
                      9,918
                      9,769
                      10,803

                      4190
                      Outlays, net (total)
                      9,824
                      10,278
                      10,775

             The Budget requests $10.760 billion for Project-Based Rental Assistance (PBRA), of which $400 million is requested as an advance
                appropriation to become available in 2017. 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 17,300 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 continues to support the program's
                shift to a calendar year funding cycle and provides at least 12 months of funding for contracts from January to December 2016.

             The Budget proposes legislative reforms to HUD's core rental assistance programs, including (1) allowing fixed-income families
                to recertify their incomes every three years; and (2) increasing the threshold used to determine deductions for unreimbursed
                medical expenses from 3 to 10 percent of family income. The Budget also 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. Finally, the Budget proposes
                to make owners of PBRA properties eligible to compete for funding through the Family Self Sufficiency (FSS) program. More
                information on this proposal is available under the FSS heading.

             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 $215 million for this purpose.

             Tenant Resource Network.—The Budget provides up to $3 million in 2016 for technical assistance to tenant groups, nonprofit groups, and public entities
                to support their efforts to preserve affordability of assisted properties and improve tenant services.

             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, including renewals, 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, [$420,000,000] $455,000,000 to remain available until September 30, [2018] 2019: Provided, That of the amount provided under this heading, up to [$70,000,000] $77,000,000 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 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, [up to $16,000,000 in any such excess amounts] shall be remitted to the Department and deposited in this account, to be available until September 30, [2018, for purposes under this heading, and shall be in addition to the amounts otherwise provided under this heading for such
             purposes] 2019: 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 such funds, together
                with such other funds, may be used by the Secretary to support demonstration programs to test housing with services models
                for the elderly: Provided further, That unobligated balances, including recaptures and carryover, remaining from funds transferred
                to or appropriated under this heading in prior appropriations Acts 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, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0320–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Capital Advance Amendments and Expenses
                      9
                      46
                      2

                      0002
                      PRAC Renewal/Amendment
                      287
                      310
                      370

                      0003
                      Service Coordinators/Congregate Services
                      62
                      91
                      84

                      0004
                      Conversion to Assisted Living Facilities
                      1
                      15
                      4

                      0006
                      Senior Preservation Rental Assistance Contracts
                      3
                      12
                      12

                      0007
                      PRAD

                      16
                      14

                      0799
                      Total direct obligations
                      362
                      490
                      486

                      0801
                      Reimbursable program activity

                      8
                      13

                      0900
                      Total new obligations
                      362
                      498
                      499

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      156
                      180
                      118

                      1021
                      Recoveries of prior year unpaid obligations
                      3

                      1050
                      Unobligated balance (total)
                      159
                      180
                      118

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      384
                      420
                      455

                      1120
                      Appropriations transferred to other accts [086–0402]

                      –3

                      1160
                      Appropriation, discretionary (total)
                      384
                      420
                      452

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected

                      16
                      26

                      1750
                      Spending auth from offsetting collections, disc (total)

                      16
                      26

                      1900
                      Budget authority (total)
                      384
                      436
                      478

                      1930
                      Total budgetary resources available
                      543
                      616
                      596

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –1

                      1941
                      Unexpired unobligated balance, end of year
                      180
                      118
                      97

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      2,317
                      1,776
                      1,524

                      3010
                      Obligations incurred, unexpired accounts
                      362
                      498
                      499

                      3020
                      Outlays (gross)
                      –889
                      –750
                      –698

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –3

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –11

                      3050
                      Unpaid obligations, end of year
                      1,776
                      1,524
                      1,325

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      2,317
                      1,776
                      1,524

                      3200
                      Obligated balance, end of year
                      1,776
                      1,524
                      1,325

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      384
                      436
                      478

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      79
                      143
                      162

                      4011
                      Outlays from discretionary balances
                      810
                      607
                      536

                      4020
                      Outlays, gross (total)
                      889
                      750
                      698

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources

                      –16
                      –26

                      4180
                      Budget authority, net (total)
                      384
                      420
                      452

                      4190
                      Outlays, net (total)
                      889
                      734
                      672

             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 $455 million for this program, including
                $365 million to renew and amend operating subsidy contracts for existing Section 202 housing, $77 million to support service
                coordinators who work on-site to help residents obtain critical services, such as benefit counseling, $10 million to extend
                and expand the Section 202 Demonstration authorized by the fiscal year 2014 appropriations act, and $3 million for property
                inspections and related expenses. The demonstration authority provides HUD an opportunity to develop a housing-with-services
                program for low-income elderly to test models with the potential to delay or avoid the need for nursing home care. The program
                will evaluate whether housing and supportive services with a health/wellness component can successfully and cost effectively
                help elderly residents maintain their housing and health while avoiding costly institutional care. The Budget also seeks renewed
                authority 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.

          Object Classification (in millions of dollars)

                      Identification code 086–0320–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      41.0
                      Direct obligations: Grants, subsidies, and contributions
                      362
                      490
                      486

                      99.0
                      Reimbursable obligations

                      8
                      13

                      99.9
                      Total new obligations
                      362
                      498
                      499

             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, [$135,000,000] $177,000,000, to remain available until September 30, [2018] 2019: 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, [2018] 2019: 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, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0237–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Capital Advance Amendments and Expenses
                      4
                      8
                      7

                      0002
                      PRAC/PAC Renewals and Amendments
                      104
                      113
                      147

                      0004
                      State Housing Project Rental Assistance
                      101
                      116
                      44

                      0799
                      Total direct obligations
                      209
                      237
                      198

                      0801
                      Reimbursable program activity

                      7
                      9

                      0900
                      Total new obligations
                      209
                      244
                      207

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      242
                      161
                      66

                      1021
                      Recoveries of prior year unpaid obligations
                      2

                      1050
                      Unobligated balance (total)
                      244
                      161
                      66

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      126
                      135
                      177

                      1120
                      Appropriations transferred to other accts [086–0402]

                      –1

                      1160
                      Appropriation, discretionary (total)
                      126
                      135
                      176

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected

                      14
                      17

                      1750
                      Spending auth from offsetting collections, disc (total)

                      14
                      17

                      1900
                      Budget authority (total)
                      126
                      149
                      193

                      1930
                      Total budgetary resources available
                      370
                      310
                      259

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      161
                      66
                      52

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      540
                      522
                      515

                      3010
                      Obligations incurred, unexpired accounts
                      209
                      244
                      207

                      3020
                      Outlays (gross)
                      –222
                      –251
                      –279

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –2

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –3

                      3050
                      Unpaid obligations, end of year
                      522
                      515
                      443

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      540
                      522
                      515

                      3200
                      Obligated balance, end of year
                      522
                      515
                      443

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      126
                      149
                      193

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      26
                      98
                      127

                      4011
                      Outlays from discretionary balances
                      196
                      153
                      152

                      4020
                      Outlays, gross (total)
                      222
                      251
                      279

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources

                      –14
                      –17

                      4180
                      Budget authority, net (total)
                      126
                      135
                      176

                      4190
                      Outlays, net (total)
                      222
                      237
                      262

             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 $177 million for this program, including $150 million to
                renew and amend operating subsidy contracts for existing Section 811 housing, $25 million for new Project Rental Assistance
                (PRA) awards to state housing agencies, and $2 million for property inspections and related expenses. The PRA awards 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.

          Object Classification (in millions of dollars)

                      Identification code 086–0237–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      41.0
                      Direct obligations: Grants, subsidies, and contributions
                      209
                      237
                      198

                      99.0
                      Reimbursable obligations

                      7
                      9

                      99.9
                      Total new obligations
                      209
                      244
                      207

             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, [$47,000,000] $60,000,000, to remain available until September 30, [2016] 2017, 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 180 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: Provided further, That for purposes of providing such grants from amounts provided under this heading, the Secretary may enter into multiyear
             agreements as is appropriate, subject to the availability of annual appropriations. (Department of Housing and Urban Development Appropriations Act, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0156–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Housing Counseling Assistance
                      40
                      42
                      54

                      0002
                      Administrative Contract Services
                      4
                      5
                      5

                      0900
                      Total new obligations
                      44
                      47
                      59

                      Budgetary resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      45
                      47
                      60

                      1120
                      Appropriations transferred to other accts [086–0402]

                      –1

                      1160
                      Appropriation, discretionary (total)
                      45
                      47
                      59

                      1930
                      Total budgetary resources available
                      45
                      47
                      59

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      36
                      42
                      50

                      3010
                      Obligations incurred, unexpired accounts
                      44
                      47
                      59

                      3020
                      Outlays (gross)
                      –37
                      –30
                      –47

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1
                      –9

                      3050
                      Unpaid obligations, end of year
                      42
                      50
                      62

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      36
                      42
                      50

                      3200
                      Obligated balance, end of year
                      42
                      50
                      62

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      45
                      47
                      59

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      5
                      6
                      8

                      4011
                      Outlays from discretionary balances
                      32
                      24
                      39

                      4020
                      Outlays, gross (total)
                      37
                      30
                      47

                      4180
                      Budget authority, net (total)
                      45
                      47
                      59

                      4190
                      Outlays, net (total)
                      37
                      30
                      47

             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.

             The 2016 Budget includes $60 million for this program, the bulk of which funds grants to HUD-approved Housing Counseling agencies
                for direct services. In particular, the Office of Housing Counseling is focused on expanding the number of counseled FHA borrowers
                and increasing access to resources that create more sustainable housing opportunities for households. As the economy improves
                and the number of first-time homebuyers increases, the need and demand for housing counseling will increase as well.

             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.

          Object Classification (in millions of dollars)

                      Identification code 086–0156–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      4
                      5
                      5

                      41.0
                      Grants, subsidies, and contributions
                      40
                      42
                      54

                      99.9
                      Total new obligations
                      44
                      47
                      59

             Energy Innovation Fund

             Program and Financing (in millions of dollars)

                      Identification code 086–0401–0–1–272
                      2014 actual
                      2015 est.
                      2016 est.

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      37
                      26
                      6

                      3020
                      Outlays (gross)
                      –11
                      –20
                      –6

                      3050
                      Unpaid obligations, end of year
                      26
                      6

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      37
                      26
                      6

                      3200
                      Obligated balance, end of year
                      26
                      6

                      Budget authority and outlays, net:

                      Discretionary:

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      11
                      20
                      6

                      4190
                      Outlays, net (total)
                      11
                      20
                      6

             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 086–0407–0–1–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      181
                      232
                      232

                      1021
                      Recoveries of prior year unpaid obligations
                      51

                      1050
                      Unobligated balance (total)
                      232
                      232
                      232

                      1930
                      Total budgetary resources available
                      232
                      232
                      232

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      232
                      232
                      232

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      166
                      103
                      34

                      3020
                      Outlays (gross)
                      –12
                      –69
                      –29

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –51

                      3050
                      Unpaid obligations, end of year
                      103
                      34
                      5

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      166
                      103
                      34

                      3200
                      Obligated balance, end of year
                      103
                      34
                      5

                      Budget authority and outlays, net:

                      Mandatory:

                      Outlays, gross:

                      4101
                      Outlays from mandatory balances
                      12
                      69
                      29

                      4190
                      Outlays, net (total)
                      12
                      69
                      29

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

                      Identification code 086–0407–0–1–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Direct loan subsidy outlays:

                      134001
                      Emergency Homeowners' Relief
                      5

             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 086–4357–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      1
                      17
                      17

                      1021
                      Recoveries of prior year unpaid obligations
                      15

                      1029
                      Other balances withdrawn

                      –1
                      –1

                      1050
                      Unobligated balance (total)
                      16
                      16
                      16

                      Financing authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Positive Subsidy
                      6

                      1800
                      Repayments

                      1
                      1

                      1801
                      Change in uncollected payments, Federal sources
                      –5

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

                      1900
                      Financing authority (total)
                      1
                      1
                      1

                      1930
                      Total budgetary resources available
                      17
                      17
                      17

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      17
                      17
                      17

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      36
                      16
                      16

                      3020
                      Financing disbursements (gross)
                      –5

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –15

                      3050
                      Unpaid obligations, end of year
                      16
                      16
                      16

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –36
                      –31
                      –31

                      3070
                      Change in uncollected pymts, Fed sources, unexpired
                      5

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –31
                      –31
                      –31

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year

                      –15
                      –15

                      3200
                      Obligated balance, end of year
                      –15
                      –15
                      –15

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      1
                      1
                      1

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      5

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Federal sources
                      –4

                      4122
                      Interest on uninvested funds
                      –1

                      4123
                      Repayments of principal, net
                      –1
                      –1
                      –1

                      4130
                      Offsets against gross financing auth and disbursements (total)
                      –6
                      –1
                      –1

                      Additional offsets against financing authority only (total):

                      4140
                      Change in uncollected pymts, Fed sources, unexpired
                      5

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

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

          Status of Direct Loans (in millions of dollars)

                      Identification code 086–4357–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Position with respect to appropriations act limitation on obligations:

                      1121
                      Limitation available from carry-forward
                      767
                      767
                      767

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

                      1150
                      Total direct loan obligations

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      63
                      82
                      61

                      1231
                      Disbursements: Direct loan disbursements
                      5

                      1251
                      Repayments: Repayments and prepayments
                      –1
                      –1
                      –1

                      Write-offs for default:

                      1263
                      Direct loans
                      –5
                      –20
                      –20

                      1264
                      Other adjustments, net (+ or -)
                      20

                      1290
                      Outstanding, end of year
                      82
                      61
                      40

          Balance Sheet (in millions of dollars)

                      Identification code 086–4357–0–3–371
                      2013 actual
                      2014 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      4
                      2

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

                      1401
                      Direct loans receivable, gross
                      63
                      82

                      1405
                      Allowance for subsidy cost (-)
                      –63
                      –81

                      1499
                      Net present value of assets related to direct loans

                      1

                      1999
                      Total assets
                      4
                      3

                      LIABILITIES:

                      2103
                      Federal liabilities: Debt payable to Treasury
                      4
                      3

                      4999
                      Total upward reestimate subsidy BA [86–0407]
                      4
                      3

             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, [$18,000,000] $30,000,000,  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. (Department of Housing and Urban Development Appropriations Act, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0206–0–1–999
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Rent supplement
                      14
                      13
                      3

                      0002
                      Homeownership and rental housing assistance (Sections 235 and 236)
                      20
                      25
                      43

                      0900
                      Total new obligations (object class 41.0)
                      34
                      38
                      46

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      49
                      46
                      28

                      1021
                      Recoveries of prior year unpaid obligations
                      54
                      2

                      1025
                      Unobligated balance of contract authority withdrawn
                      –3

                      1029
                      Other balances withdrawn
                      –38

                      1050
                      Unobligated balance (total)
                      62
                      48
                      28

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      21
                      18
                      30

                      1100
                      Appropriation (per RAD authority)

                      2

                      1131
                      Unobligated balance of appropriations permanently reduced (rescission)
                      –4

                      1131
                      Unobligated balance of appropriations permanently reduced (RAD conversions)

                      –2

                      1160
                      Appropriation, discretionary (total)
                      17
                      18
                      30

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      279
                      22
                      22

                      1238
                      Appropriations applied to liquidate contract authority
                      –279
                      –22
                      –22

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      1

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

                      1900
                      Budget authority (total)
                      18
                      18
                      30

                      1930
                      Total budgetary resources available
                      80
                      66
                      58

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      46
                      28
                      12

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1,574
                      1,224
                      973

                      3010
                      Obligations incurred, unexpired accounts
                      34
                      38
                      46

                      3020
                      Outlays (gross)
                      –330
                      –287
                      –240

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –54
                      –2

                      3050
                      Unpaid obligations, end of year
                      1,224
                      973
                      779

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1,574
                      1,224
                      973

                      3200
                      Obligated balance, end of year
                      1,224
                      973
                      779

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      18
                      18
                      30

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      3
                      8
                      13

                      4011
                      Outlays from discretionary balances
                      327
                      279
                      227

                      4020
                      Outlays, gross (total)
                      330
                      287
                      240

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources
                      –1

                      4180
                      Budget authority, net (total)
                      17
                      18
                      30

                      4190
                      Outlays, net (total)
                      329
                      287
                      240

                      Memorandum (non-add) entries:

                      5052
                      Obligated balance, SOY: Contract authority
                      466
                      184
                      162

                      5053
                      Obligated balance, EOY: Contract authority
                      184
                      162
                      140

             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 assisted 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 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, HUD is taking
                   steps to preserve this affordable housing stock . 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 Section 8 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 086–0196–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      1
                      1
                      1

                      1930
                      Total budgetary resources available
                      1
                      1
                      1

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      1
                      1
                      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

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

                      Identification code 086–0306–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Direct loan reestimates:

                      135001
                      Energy Retrofit Loans
                      –5
                      –6

             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 086–4041–0–3–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      3
                      5
                      8

                      Budget authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      2
                      3
                      3

                      1850
                      Spending auth from offsetting collections, mand (total)
                      2
                      3
                      3

                      1930
                      Total budgetary resources available
                      5
                      8
                      11

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      5
                      8
                      11

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      2
                      3
                      3

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4123
                      Non-Federal sources
                      –2
                      –3
                      –3

                      4190
                      Outlays, net (total)
                      –2
                      –3
                      –3

             As authorized by the Housing and Urban Development Act of 1968, this account collects funds which are in excess of the established
                basic rents for units in Section 236 subsidized projects.  Funds in this account remain available to pay refunds of excess
                rental charges.

             Flexible Subsidy Fund

             Program and Financing (in millions of dollars)

                      Identification code 086–4044–0–3–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      294
                      336
                      380

                      Budget authority:

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      42
                      44
                      44

                      1750
                      Spending auth from offsetting collections, disc (total)
                      42
                      44
                      44

                      1930
                      Total budgetary resources available
                      336
                      380
                      424

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      336
                      380
                      424

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      42
                      44
                      44

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources
                      –42
                      –44
                      –44

                      4190
                      Outlays, net (total)
                      –42
                      –44
                      –44

                      Memorandum (non-add) entries:

                      5090
                      Unexpired unavailable balance, SOY: Offsetting collections
                      2
                      2
                      2

                      5092
                      Unexpired unavailable balance, EOY: Offsetting collections
                      2
                      2
                      2

          Status of Direct Loans (in millions of dollars)

                      Identification code 086–4044–0–3–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      508
                      476
                      446

                      1251
                      Repayments: Repayments and prepayments
                      –32
                      –30
                      –30

                      1290
                      Outstanding, end of year
                      476
                      446
                      416

             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.

          Balance Sheet (in millions of dollars)

                      Identification code 086–4044–0–3–604
                      2013 actual
                      2014 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      296
                      338

                      1601
                      Direct loans, gross
                      479
                      451

                      1602
                      Interest receivable
                      92
                      88

                      1603
                      Allowance for estimated uncollectible loans and interest (-)
                      –49
                      –39

                      1699
                      Value of assets related to direct loans
                      522
                      500

                      1999
                      Total assets
                      818
                      838

                      NET POSITION:

                      3100
                      Unexpended appropriations
                      296
                      338

                      3300
                      Cumulative results of operations
                      522
                      500

                      3999
                      Total net position
                      818
                      838

                      4999
                      Total liabilities and net position
                      818
                      838

             Home Ownership Preservation Equity Fund Program Account

             Program and Financing (in millions of dollars)

                      Identification code 086–0343–0–1–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      461
                      461

                      1023
                      Unobligated balances applied to repay debt

                      –461

                      1050
                      Unobligated balance (total)
                      461

                      1930
                      Total budgetary resources available
                      461

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      461

             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. In 2016, excess HOPE Bond proceeds in the amount of $456 million
                will be a) transferred to the HOPE Reserve Fund, and b) used to retire the HOPE Bonds. Remaining HOPE Bond activity is shown
                in the HOPE Reserve Fund.

             Home Ownership Preservation Entity Fund Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 086–4353–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0711
                      Default claim payments on principal
                      5
                      2
                      2

                      0712
                      Default claim payments on interest

                      1
                      1

                      0900
                      Total new obligations
                      5
                      3
                      3

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      19
                      17
                      15

                      Financing authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      3
                      1
                      1

                      1850
                      Spending auth from offsetting collections, mand (total)
                      3
                      1
                      1

                      1930
                      Total budgetary resources available
                      22
                      18
                      16

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      17
                      15
                      13

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      1

                      3010
                      Obligations incurred, unexpired accounts
                      5
                      3
                      3

                      3020
                      Financing disbursements (gross)
                      –5
                      –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
                      3
                      1
                      1

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      5
                      2
                      2

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4122
                      Interest on uninvested funds
                      –1

                      4123
                      Premiums
                      –2

                      4123
                      Recoveries on defaults

                      –1
                      –1

                      4130
                      Offsets against gross financing auth and disbursements (total)
                      –3
                      –1
                      –1

                      4170
                      Financing disbursements, net (mandatory)
                      2
                      1
                      1

                      4190
                      Financing disbursements, net (total)
                      2
                      1
                      1

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 086–4353–0–3–371
                      2014 actual
                      2015 est.
                      2016 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
                      113
                      104
                      100

                      2251
                      Repayments and prepayments
                      –4
                      –2
                      –2

                      Adjustments:

                      2261
                      Terminations for default that result in loans receivable
                      –1

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

                      2263
                      Terminations for default that result in claim payments
                      –2

                      2290
                      Outstanding, end of year
                      104
                      100
                      96

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      104
                      100
                      96

                      Addendum:

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

                      2310
                      Outstanding, start of year

                      2390
                      Outstanding, end of year

          Balance Sheet (in millions of dollars)

                      Identification code 086–4353–0–3–371
                      2013 actual
                      2014 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      20
                      20

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

                      1504
                      Foreclosed property
                      1
                      1

                      1505
                      Allowance for subsidy cost (-)
                      –1
                      –1

                      1599
                      Net present value of assets related to defaulted guaranteed loans

                      1999
                      Total assets
                      20
                      20

                      LIABILITIES:

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

                      4999
                      Total liabilities and net position
                      20
                      20

             Nehemiah Housing Opportunity Fund

             Program and Financing (in millions of dollars)

                      Identification code 086–4071–0–3–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      1

                      1029
                      Other balances withdrawn
                      –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. Pursuant to 31 U.S.C. 1555, which provides
                that an appropriation account available for obligation for an indefinite period of time shall be closed if the purposes for
                which the appropriation was made have been carried out and no disbursement has been made against the appropriation for two
                consecutive fiscal years, this account will be closed in 2016.

             Mutual mortgage insurance program accountNew 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, [2016] 2017: Provided, That during fiscal year [2015] 2016, 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] $5,000,000: 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.
          [: Provided further, That f] For administrative contract expenses of the Federal Housing Administration, [$130,000,000] $174,000,000,  to remain available until September 30, [2016:] 2017, of which up to $30,000,000 may be used for necessary salaries and expenses and information technology systems of the Federal
                Housing Administration, which is in addition to amounts otherwise provided under this title for such salaries and expenses
                and information technology purposes: Provided further, That any amounts to be used 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 for such purposes and shall remain available until September 30, 2017, and any amounts to be used for such
                information technology purposes pursuant to the previous proviso shall be transferred to the Information Technology Fund under
                this title for such purposes and shall remain available until September 30, 2017, and any such transferred amounts may be
                transferred back to this account and shall remain available until September 30, 2017: Provided further, That to the extent guaranteed loan commitments exceed $200,000,000,000 on or before April 1, [2015] 2016, 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 240 of this title, shall be credited as offsetting collections to this account. (Department of Housing and Urban Development Appropriations Act, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0183–0–1–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0707
                      Reestimates of loan guarantee subsidy
                      5,067
                      11,789

                      0708
                      Interest on reestimates of loan guarantee subsidy
                      702
                      1,103

                      0709
                      Administrative expenses
                      123
                      172
                      172

                      0900
                      Total new obligations
                      5,892
                      13,064
                      172

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      34
                      42

                      1001
                      Discretionary unobligated balance brought fwd, Oct 1
                      34
                      42

                      1011
                      Unobligated balance transfer from other acct [086–0236]
                      2
                      7,338

                      1021
                      Recoveries of prior year unpaid obligations
                      6

                      1050
                      Unobligated balance (total)
                      42
                      7,380

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation - Administrative Expenses
                      127
                      130
                      174

                      1120
                      Appropriations transferred to other accts [086–0402]

                      –1

                      1160
                      Appropriation, discretionary (total)
                      127
                      130
                      173

                      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 [086–0236]
                      5,766
                      5,554

                      1850
                      Spending auth from offsetting collections, mand (total)
                      5,766
                      5,554

                      1900
                      Budget authority (total)
                      5,893
                      5,684
                      173

                      1930
                      Total budgetary resources available
                      5,935
                      13,064
                      173

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –1

                      1941
                      Unexpired unobligated balance, end of year
                      42

                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      147
                      148
                      177

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

                      3010
                      Obligations incurred, unexpired accounts
                      5,892
                      13,064
                      172

                      3020
                      Outlays (gross)
                      –5,871
                      –13,035
                      –143

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –6

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –16

                      3050
                      Unpaid obligations, end of year
                      148
                      177
                      206

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      149
                      148
                      177

                      3200
                      Obligated balance, end of year
                      148
                      177
                      206

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      127
                      130
                      173

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      15
                      13
                      17

                      4011
                      Outlays from discretionary balances
                      88
                      130
                      126

                      4020
                      Outlays, gross (total)
                      103
                      143
                      143

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources:

                      –30

                      Mandatory:

                      4090
                      Budget authority, gross
                      5,766
                      5,554

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      5,766
                      5,554

                      4101
                      Outlays from mandatory balances
                      2
                      7,338

                      4110
                      Outlays, gross (total)
                      5,768
                      12,892

                      4180
                      Budget authority, net (total)
                      5,893
                      5,684
                      143

                      4190
                      Outlays, net (total)
                      5,871
                      13,035
                      113

                      Memorandum (non-add) entries:

                      5092
                      Unexpired unavailable balance, EOY: Offsetting collections

                      30

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

                      Identification code 086–0183–0–1–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Direct loan levels supportable by subsidy budget authority:

                      115001
                      MMI Fund, Direct loans

                      19
                      5

                      Direct loan subsidy (in percent):

                      132001
                      MMI Fund, Direct loans
                      0.00
                      0.00
                      0.00

                      Guaranteed loan levels supportable by subsidy budget authority:

                      215002
                      MMI Fund
                      135,087
                      134,707
                      173,600

                      215004
                      MMI HECM
                      13,534
                      15,860
                      15,138

                      215005
                      MMI Refi
                      192
                      300
                      300

                      215999
                      Total loan guarantee levels
                      148,813
                      150,867
                      189,038

                      Guaranteed loan subsidy (in percent):

                      232002
                      MMI Fund
                      –7.25
                      –6.58
                      –3.70

                      232004
                      MMI HECM
                      -.41
                      -.40
                      -.69

                      232005
                      MMI Refi
                      0.00
                      0.00
                      0.00

                      232999
                      Weighted average subsidy rate
                      –6.62
                      –5.92
                      –3.45

                      Guaranteed loan subsidy budget authority:

                      233002
                      MMI Fund
                      –9,794
                      –8,864
                      –6,423

                      233004
                      MMI HECM
                      –55
                      –63
                      –104

                      233999
                      Total subsidy budget authority
                      –9,849
                      –8,927
                      –6,527

                      Guaranteed loan subsidy outlays:

                      234002
                      MMI Fund
                      –9,794
                      –8,864
                      –6,423

                      234004
                      MMI HECM
                      –55
                      –63
                      –104

                      234999
                      Total subsidy outlays
                      –9,849
                      –8,927
                      –6,527

                      Guaranteed loan reestimates:

                      235002
                      MMI Fund
                      3,234
                      3,665

                      235004
                      MMI HECM
                      –716
                      790

                      235999
                      Total guaranteed loan reestimates
                      2,518
                      4,455

                      Administrative expense data:

                      3510
                      Budget authority
                      161
                      130
                      174

                      3580
                      Outlays from balances
                      89
                      78
                      117

                      3590
                      Outlays from new authority
                      13
                      13
                      17

             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 provided broad
                access to credit as conventional financing became scarce.

             In 2016, the Budget requests a limitation of $400 billion on loan guarantees for the Mutual Mortgage Insurance (MMI) Fund.
                The Budget projects insurance of $173.6 billion in single family forward mortgages and $15.1 billion in Home Equity Conversion
                Mortgages (HECMs) with additional commitment authority available in case these amounts are exceeded during execution.

             The Budget requests an appropriation of $174 million in administrative expenses, which will allow FHA to implement improved
                risk management and program support processes which are 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 information technology, with a focus on increasing FHA's risk management efforts via expanded quality control sampling,
                enhanced tools and other risk management initiatives. Through these efforts, FHA will ensure lender compliance with FHA policies
                and reduce losses to the FHA insurance fund. The Budget allows for a transfer of up to $30 million from this account to the
                Office of Housing Salaries and Expenses account and the Information Technology Fund. Any funds transferred will be used for
                FHA salaries and expenses and information technology purposes and any unobligated balances will be transferred back to the
                MMI Program account.

             FHA has made multiple policy changes to strengthen the MMI Fund, including increasing its annual premium five times since
                2009. In June 2013, FHA ended its policy permitting borrowers to stop paying annual insurance premiums when their loans amortized
                to a certain percentage of the original principal balance. Also, FHA now requires manual underwriting for loans with credit
                scores below 620 and debt-to-income ratios greater than 43 percent to ensure that such borrowers possess compensating factors
                that accord with FHA underwriting guidelines. To improve access to credit without negatively impacting the trajectory of the
                MMI Capital Reserve Fund, FHA announced a 0.5 percentage point reduction in the annual insurance premium effective in January.

             HUD is pursuing comprehensive legislative changes to give FHA the tools it needs to build upon the many administrative steps
                it has taken since 2009 to improve FHA Single Family Programs. These items will allow FHA to enhance enforcement, create certainty
                for FHA approved lenders, and increase 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._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. HUD seeks authority that would provide 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 continues 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 seeks 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.

          Object Classification (in millions of dollars)

                      Identification code 086–0183–0–1–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      123
                      172
                      172

                      41.0
                      Grants, subsidies, and contributions
                      5,067
                      11,789

                      43.0
                      Interest and dividends
                      702
                      1,103

                      99.9
                      Total new obligations
                      5,892
                      13,064
                      172

             FHA-mutual Mortgage Insurance Direct Loan Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 086–4242–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0003
                      Claims & other

                      1
                      1

                      Credit program obligations:

                      0710
                      Direct loan obligations

                      19
                      5

                      0713
                      Payment of interest to Treasury

                      1
                      1

                      0791
                      Direct program activities, subtotal

                      20
                      6

                      0900
                      Total new obligations

                      21
                      7

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      6
                      5

                      1022
                      Capital transfer of unobligated balances to general fund

                      –5

                      1023
                      Unobligated balances applied to repay debt
                      –1

                      1050
                      Unobligated balance (total)
                      5

                      Financing authority:

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority

                      20
                      5

                      1440
                      Borrowing authority, mandatory (total)

                      20
                      5

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected

                      1
                      2

                      1850
                      Spending auth from offsetting collections, mand (total)

                      1
                      2

                      1900
                      Financing authority (total)

                      21
                      7

                      1930
                      Total budgetary resources available
                      5
                      21
                      7

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      5

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      1

                      3010
                      Obligations incurred, unexpired accounts

                      21
                      7

                      3020
                      Financing disbursements (gross)

                      –20
                      –5

                      3050
                      Unpaid obligations, end of year

                      1
                      3

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year

                      1

                      3200
                      Obligated balance, end of year

                      1
                      3

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross

                      21
                      7

                      Financing disbursements:

                      4110
                      Financing disbursements, gross

                      20
                      5

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4123
                      Repayment of Principal

                      –1
                      –1

                      4123
                      Repayment of interest

                      –1

                      4130
                      Offsets against gross financing auth and disbursements (total)

                      –1
                      –2

                      4160
                      Financing authority, net (mandatory)

                      20
                      5

                      4170
                      Financing disbursements, net (mandatory)

                      19
                      3

                      4180
                      Financing authority, net (total)

                      20
                      5

                      4190
                      Financing disbursements, net (total)

                      19
                      3

          Status of Direct Loans (in millions of dollars)

                      Identification code 086–4242–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Position with respect to appropriations act limitation on obligations:

                      1111
                      Direct loan obligations from current-year authority
                      20
                      20
                      5

                      1142
                      Unobligated direct loan limitation (-)
                      –20
                      –1

                      1150
                      Total direct loan obligations

                      19
                      5

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year

                      1231
                      Disbursements: Direct loan disbursements

                      1
                      1

                      1251
                      Repayments: Repayments and prepayments

                      –1
                      –1

                      1290
                      Outstanding, end of year

          Balance Sheet (in millions of dollars)

                      Identification code 086–4242–0–3–371
                      2013 actual
                      2014 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      6
                      6

                      1405
                      Net value of assets related to post-1991 direct loans receivable: Allowance for subsidy cost (-)
                      –5
                      –6

                      1999
                      Total assets
                      1

                      LIABILITIES:

                      2103
                      Federal liabilities: Federal Liabilities - Debt
                      1

                      4999
                      Total liabilities and net position
                      1

             FHA-mutual Mortgage Insurance Guaranteed Loan Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 086–4587–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0003
                      Other capital investment & operating expenses
                      5,490
                      3,924
                      3,686

                      Credit program obligations:

                      0711
                      Default claim payments on principal
                      20,491
                      16,986
                      14,192

                      0712
                      Default claim payments on interest
                      352
                      292
                      244

                      0713
                      Payment of interest to Treasury
                      726
                      700
                      700

                      0740
                      Negative subsidy obligations
                      9,849
                      8,927
                      6,527

                      0742
                      Downward reestimate paid to receipt account
                      2,463
                      5,638

                      0743
                      Interest on downward reestimates
                      786
                      2,797

                      0791
                      Direct program activities, subtotal
                      34,667
                      35,340
                      21,663

                      0900
                      Total new obligations
                      40,157
                      39,264
                      25,349

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      46,334
                      37,072
                      38,454

                      1021
                      Recoveries of prior year unpaid obligations
                      714

                      1050
                      Unobligated balance (total)
                      47,048
                      37,072
                      38,454

                      Financing authority:

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority
                      7,000
                      8,600
                      8,600

                      1440
                      Borrowing authority, mandatory (total)
                      7,000
                      8,600
                      8,600

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Offsetting collections
                      29,181
                      34,146
                      22,859

                      1825
                      Spending authority from offsetting collections applied to repay debt
                      –6,000
                      –2,100
                      –2,100

                      1850
                      Spending auth from offsetting collections, mand (total)
                      23,181
                      32,046
                      20,759

                      1900
                      Financing authority (total)
                      30,181
                      40,646
                      29,359

                      1930
                      Total budgetary resources available
                      77,229
                      77,718
                      67,813

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      37,072
                      38,454
                      42,464

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      2,019
                      1,805
                      209

                      3010
                      Obligations incurred, unexpired accounts
                      40,157
                      39,264
                      25,349

                      3020
                      Financing disbursements (gross)
                      –39,657
                      –40,860
                      –25,533

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –714

                      3050
                      Unpaid obligations, end of year
                      1,805
                      209
                      25

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      2,019
                      1,805
                      209

                      3200
                      Obligated balance, end of year
                      1,805
                      209
                      25

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      30,181
                      40,646
                      29,359

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      39,657
                      40,860
                      25,533

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Transfer of Reestimates from reserves in Capital Reserve account
                      –5,769
                      –12,891

                      4122
                      Interest on uninvested funds
                      –1,638
                      –1,500
                      –1,500

                      4123
                      Fees and premiums
                      –11,040
                      –12,428
                      –12,228

                      4123
                      Recoveries on defaults
                      –10,734
                      –7,327
                      –9,131

                      4130
                      Offsets against gross financing auth and disbursements (total)
                      –29,181
                      –34,146
                      –22,859

                      4160
                      Financing authority, net (mandatory)
                      1,000
                      6,500
                      6,500

                      4170
                      Financing disbursements, net (mandatory)
                      10,476
                      6,714
                      2,674

                      4180
                      Financing authority, net (total)
                      1,000
                      6,500
                      6,500

                      4190
                      Financing disbursements, net (total)
                      10,476
                      6,714
                      2,674

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 086–4587–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Position with respect to appropriations act limitation on commitments:

                      2111
                      Guaranteed loan commitments from current-year authority
                      400,000
                      400,000
                      400,000

                      2142
                      Uncommitted loan guarantee limitation
                      –251,187
                      –249,133
                      –210,962

                      2150
                      Total guaranteed loan commitments
                      148,813
                      150,867
                      189,038

                      2199
                      Guaranteed amount of guaranteed loan commitments
                      148,813
                      150,867
                      189,038

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      1,139,529
                      1,130,573
                      1,073,946

                      2231
                      Disbursements of new guaranteed loans
                      148,813
                      144,010
                      163,598

                      2251
                      Repayments and prepayments
                      –139,989
                      –172,864
                      –138,114

                      Adjustments:

                      2261
                      Terminations for default that result in loans receivable
                      –10,165
                      –8,232
                      –8,279

                      2262
                      Terminations for default that result in acquisition of property
                      –8,330
                      –10,656
                      –8,187

                      2263
                      Terminations for default that result in claim payments
                      –1,997
                      –8,885
                      –9,075

                      2264
                      Other adjustments, net
                      2,712

                      2290
                      Outstanding, end of year
                      1,130,573
                      1,073,946
                      1,073,889

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      1,107,265
                      1,073,946
                      1,073,889

                      Addendum:

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

                      2310
                      Outstanding, start of year
                      3,487
                      6,240
                      9,103

                      2331
                      Disbursements for guaranteed loan claims
                      9,276
                      5,713
                      5,713

                      2351
                      Repayments of loans receivable
                      –4,887
                      –2,850
                      –2,850

                      2361
                      Write-offs of loans receivable
                      –800

                      2364
                      Other adjustments, net
                      –836

                      2390
                      Outstanding, end of year
                      6,240
                      9,103
                      11,966

          Balance Sheet (in millions of dollars)

                      Identification code 086–4587–0–3–371
                      2013 actual
                      2014 actual

                      ASSETS:

                      Federal assets:

                      1101
                      Fund balances with Treasury
                      48,353
                      38,877

                      Investments in US securities:

                      1106
                      Receivables, net
                      7,357
                      9,714

                      1206
                      Non-Federal assets: Receivables, net

                      1,428

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

                      1501
                      Defaulted guaranteed loans receivable, gross
                      3,487
                      6,240

                      1502
                      Interest receivable
                      163
                      371

                      1504
                      Foreclosed property
                      4,500
                      2,442

                      1505
                      Allowance for subsidy cost
                      –4,957
                      –4,792

                      1599
                      Net value of assets related to defaulted guaranteed loan
                      3,193
                      4,261

                      1901
                      Other Federal assets: Other assets
                      379
                      2

                      1999
                      Total assets
                      59,282
                      54,282

                      LIABILITIES:

                      Federal liabilities:

                      2101
                      Accounts payable
                      8
                      3

                      2103
                      Federal liabilities, Debt
                      22,048
                      23,048

                      2105
                      Other
                      4,830
                      6,198

                      Non-Federal liabilities:

                      2201
                      Accounts payable
                      47
                      115

                      2204
                      Liabilities for loan guarantees
                      32,207
                      24,625

                      2207
                      Other
                      142
                      293

                      2999
                      Total liabilities
                      59,282
                      54,282

                      4999
                      Total liabilities and net position
                      59,282
                      54,282

             FHA-mutual Mortgage Insurance Capital Reserve Account

             Program and Financing (in millions of dollars)

                      Identification code 086–0236–0–1–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      2
                      7,338
                      11,869

                      1010
                      Unobligated balance transfer to other accts [086–0183]
                      –2
                      –7,338

                      1050
                      Unobligated balance (total)

                      11,869

                      Budget authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Offsetting collections (negative subsidy)
                      9,849
                      8,927
                      6,527

                      1800
                      Offsetting collections (interest on investments)
                      –2
                      60
                      396

                      1800
                      Offsetting collections (downward reestimate)
                      3,250
                      8,436

                      1801
                      Change in uncollected payments, Federal sources
                      7

                      1810
                      Spending authority from offsetting collections transferred to other accounts [086–0183]
                      –5,766
                      –5,554

                      1850
                      Spending auth from offsetting collections, mand (total)
                      7,338
                      11,869
                      6,923

                      1930
                      Total budgetary resources available
                      7,338
                      11,869
                      18,792

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      7,338
                      11,869
                      18,792

                      Change in obligated balance:

                      Uncollected payments:

                      3060
                      Uncollected pymts, Fed sources, brought forward, Oct 1
                      –2
                      –9
                      –9

                      3070
                      Change in uncollected pymts, Fed sources, unexpired
                      –7

                      3090
                      Uncollected pymts, Fed sources, end of year
                      –9
                      –9
                      –9

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      –2
                      –9
                      –9

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

                      Budget authority and outlays, net:

                      Discretionary:

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4030
                      Federal sources
                      –9,849
                      –8,927
                      –6,527

                      Mandatory:

                      4090
                      Budget authority, gross
                      7,338
                      11,869
                      6,923

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4120
                      Federal Sources: Downward Re-estimate
                      –3,250
                      –8,436

                      4121
                      Interest on Federal securities
                      2
                      –60
                      –396

                      4130
                      Offsets against gross budget authority and outlays (total)
                      –3,248
                      –8,496
                      –396

                      Additional offsets against gross budget authority only:

                      4140
                      Change in uncollected pymts, Fed sources, unexpired
                      –7

                      4160
                      Budget authority, net (mandatory)
                      4,083
                      3,373
                      6,527

                      4170
                      Outlays, net (mandatory)
                      –3,248
                      –8,496
                      –396

                      4180
                      Budget authority, net (total)
                      –5,766
                      –5,554

                      4190
                      Outlays, net (total)
                      –13,097
                      –17,423
                      –6,923

                      Memorandum (non-add) entries:

                      5000
                      Total investments, SOY: Federal securities: Par value

                      6,379
                      13,183

                      5001
                      Total investments, EOY: Federal securities: Par value
                      6,379
                      13,183
                      20,370

             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 086–0236–0–1–371
                      2013 actual
                      2014 actual

                      ASSETS:

                      Federal assets:

                      1101
                      Fund balances with Treasury

                      958

                      Investments in US securities:

                      1102
                      Treasury securities, net

                      6,379

                      1106
                      Receivables, net
                      4,830
                      6,198

                      1999
                      Total assets
                      4,830
                      13,535

                      LIABILITIES:

                      2101
                      Federal liabilities: Accounts payable
                      2,303
                      9,713

                      NET POSITION:

                      3300
                      Cumulative results of operations
                      2,527
                      3,822

                      4999
                      Total liabilities and net position
                      4,830
                      13,535

             FHA-mutual Mortgage and Cooperative Housing Insurance Funds Liquidating Account

             Program and Financing (in millions of dollars)

                      Identification code 086–4070–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0103
                      Acquisition of real properties
                      16
                      15
                      5

                      0107
                      Capitalized Expenses

                      1
                      1

                      0108
                      Loss mitigation activities

                      1
                      1

                      0191
                      Total capital investment
                      16
                      17
                      7

                      0202
                      Other Operation expenses
                      9
                      8
                      4

                      0900
                      Total new obligations
                      25
                      25
                      11

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      15
                      14

                      1021
                      Recoveries of prior year unpaid obligations
                      11
                      4
                      4

                      1050
                      Unobligated balance (total)
                      26
                      18
                      4

                      Budget authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      13
                      7
                      7

                      1850
                      Spending auth from offsetting collections, mand (total)
                      13
                      7
                      7

                      1930
                      Total budgetary resources available
                      39
                      25
                      11

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      14

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      150
                      147
                      140

                      3010
                      Obligations incurred, unexpired accounts
                      25
                      25
                      11

                      3020
                      Outlays (gross)
                      –17
                      –28
                      –29

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –11
                      –4
                      –4

                      3050
                      Unpaid obligations, end of year
                      147
                      140
                      118

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      150
                      147
                      140

                      3200
                      Obligated balance, end of year
                      147
                      140
                      118

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      13
                      7
                      7

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      12
                      7
                      7

                      4101
                      Outlays from mandatory balances
                      5
                      21
                      22

                      4110
                      Outlays, gross (total)
                      17
                      28
                      29

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4123
                      Non-Federal sources - Fees & Premiums
                      –13
                      –7
                      –7

                      4190
                      Outlays, net (total)
                      4
                      21
                      22

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 086–4070–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      2,300
                      1,648
                      953

                      2251
                      Repayments and prepayments
                      –635
                      –690
                      –647

                      2262
                      Adjustments: Terminations for default that result in acquisition of property
                      –17
                      –5
                      –1

                      2290
                      Outstanding, end of year
                      1,648
                      953
                      305

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      1,648
                      953
                      305

                      Addendum:

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

                      2310
                      Outstanding, start of year
                      17
                      21

                      2331
                      Disbursements for guaranteed loan claims
                      1,900

                      2351
                      Repayments of loans receivable
                      –411
                      –21

                      2361
                      Write-offs of loans receivable
                      –1,485

                      2390
                      Outstanding, end of year
                      21

             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 086–4070–0–3–371
                      2013 actual
                      2014 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      165
                      161

                      1206
                      Non-Federal assets: Receivables, net
                      8
                      3

                      1701
                      Defaulted guaranteed loans, gross
                      17
                      21

                      1703
                      Allowance for estimated uncollectible loans and interest (-)
                      –10
                      –3

                      1704
                      Defaulted guaranteed loans and interest receivable, net
                      7
                      18

                      1706
                      Foreclosed property
                      8
                      5

                      1799
                      Value of assets related to loan guarantees
                      15
                      23

                      1901
                      Other Federal assets: Other assets
                      1
                      1

                      1999
                      Total assets
                      189
                      188

                      LIABILITIES:

                      Non-Federal liabilities:

                      2201
                      Accounts payable
                      147
                      146

                      2204
                      Liabilities for loan guarantees
                      6
                      8

                      2207
                      Unearned revenue and advances, and other
                      23
                      15

                      2999
                      Total liabilities
                      176
                      169

                      NET POSITION:

                      3300
                      Cumulative results of operations
                      13
                      19

                      4999
                      Total liabilities and net position
                      189
                      188

          Object Classification (in millions of dollars)

                      Identification code 086–4070–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      8
                      7
                      3

                      32.0
                      Land and structures
                      17
                      16
                      6

                      42.0
                      Insurance claims and indemnities

                      2
                      2

                      99.9
                      Total new obligations
                      25
                      25
                      11

             General and special risk program account
             [(including rescission)]New commitments to guarantee loans insured under the General and Special Risk Insurance Funds, as authorized by sections 238
             and 519 of the National Housing Act (12 U.S.C. 1715z-3 and 1735c), shall not exceed $30,000,000,000 in total loan principal,
             any part of which is to be guaranteed, to remain available until September 30, [2016] 2017: Provided, That during fiscal year [2015] 2016, 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] $5,000,000, 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 [: Provided further, That $10,000,000 previously provided under this heading is hereby permanently rescinded]. (Department of Housing and Urban Development Appropriations Act, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0200–0–1–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0707
                      Reestimates of loan guarantee subsidy
                      166
                      1,224

                      0708
                      Interest on reestimates of loan guarantee subsidy
                      44
                      857

                      0900
                      Total new obligations (object class 41.0)
                      210
                      2,081

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      16
                      16
                      5

                      Budget authority:

                      Appropriations, discretionary:

                      1131
                      Unobligated balance of appropriations permanently reduced

                      –10

                      1160
                      Appropriation, discretionary (total)

                      –10

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      210
                      2,080

                      1260
                      Appropriations, mandatory (total)
                      210
                      2,080

                      1900
                      Budget authority (total)
                      210
                      2,070

                      1930
                      Total budgetary resources available
                      226
                      2,086
                      5

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      16
                      5
                      5

                      Change in obligated balance:

                      Unpaid obligations:

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

                      3010
                      Obligations incurred, unexpired accounts
                      210
                      2,081

                      3020
                      Outlays (gross)
                      –210
                      –2,080

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –3

                      3050
                      Unpaid obligations, end of year
                      1
                      2
                      2

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      4
                      1
                      2

                      3200
                      Obligated balance, end of year
                      1
                      2
                      2

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross

                      –10

                      Mandatory:

                      4090
                      Budget authority, gross
                      210
                      2,080

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      210
                      2,080

                      4180
                      Budget authority, net (total)
                      210
                      2,070

                      4190
                      Outlays, net (total)
                      210
                      2,080

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

                      Identification code 086–0200–0–1–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Direct loan levels supportable by subsidy budget authority:

                      115001
                      GI/SRI Direct Loans
                      1

                      115002
                      FFB Risk Sharing

                      803
                      600

                      115999
                      Total direct loan levels
                      1
                      803
                      600

                      Direct loan subsidy (in percent):

                      132001
                      GI/SRI Direct Loans
                      0.00
                      0.00
                      0.00

                      132002
                      FFB Risk Sharing
                      0.00
                      –10.83
                      –10.96

                      132999
                      Weighted average subsidy rate
                      0.00
                      –10.83
                      –10.96

                      Direct loan subsidy budget authority:

                      133002
                      FFB Risk Sharing

                      –87
                      –66

                      133999
                      Total subsidy budget authority

                      –87
                      –66

                      Direct loan subsidy outlays:

                      134002
                      FFB Risk Sharing

                      –65
                      –72

                      134999
                      Total subsidy outlays

                      –65
                      –72

                      Guaranteed loan levels supportable by subsidy budget authority:

                      215001
                      Multifamily Development
                      1,705
                      1,393
                      1,408

                      215003
                      Tax Credit New Construction
                      1,761
                      2,300
                      2,500

                      215005
                      Apartments Refinance
                      7,114
                      6,142
                      6,277

                      215008
                      Housing Finance Authority Risk Sharing
                      140
                      115
                      138

                      215009
                      GSE Risk Sharing
                      25
                      88
                      103

                      215010
                      Health Care and Nursing Homes
                      414
                      385
                      385

                      215011
                      Health Care Refinances
                      3,929
                      3,680
                      3,680

                      215012
                      Hospitals
                      43
                      688
                      700

                      215013
                      Other Rental
                      15
                      67
                      74

                      215017
                      Title 1 Property Improvement
                      102
                      101
                      101

                      215018
                      Title 1 Manufactured Housing
                      24
                      21
                      21

                      215999
                      Total loan guarantee levels
                      15,272
                      14,980
                      15,387

                      Guaranteed loan subsidy (in percent):

                      232001
                      Multifamily Development
                      –3.58
                      –3.65
                      –2.74

                      232003
                      Tax Credit New Construction
                      –3.26
                      –3.19
                      –1.69

                      232005
                      Apartments Refinance
                      –4.18
                      –4.69
                      –4.67

                      232008
                      Housing Finance Authority Risk Sharing
                      –2.85
                      –2.67
                      –1.28

                      232009
                      GSE Risk Sharing
                      –1.16
                      -.89
                      –1.65

                      232010
                      Health Care and Nursing Homes
                      –1.16
                      –4.23
                      –3.43

                      232011
                      Health Care Refinances
                      –4.04
                      –4.33
                      –4.23

                      232012
                      Hospitals
                      –4.09
                      –4.45
                      –3.22

                      232013
                      Other Rental
                      -.41
                      –3.39
                      –1.17

                      232017
                      Title 1 Property Improvement
                      -.10
                      -.76
                      -.84

                      232018
                      Title 1 Manufactured Housing
                      –1.66
                      –2.13
                      –4.20

                      232999
                      Weighted average subsidy rate
                      –3.84
                      –4.18
                      –3.71

                      Guaranteed loan subsidy budget authority:

                      233001
                      Multifamily Development
                      –61
                      –51
                      –39

                      233003
                      Tax Credit New Construction
                      –57
                      –73
                      –42

                      233005
                      Apartments Refinance
                      –297
                      –288
                      –293

                      233008
                      Housing Finance Authority Risk Sharing
                      –4
                      –3
                      –2

                      233009
                      GSE Risk Sharing

                      –1
                      –2

                      233010
                      Health Care and Nursing Homes
                      –5
                      –16
                      –13

                      233011
                      Health Care Refinances
                      –159
                      –159
                      –156

                      233012
                      Hospitals
                      –2
                      –31
                      –23

                      233013
                      Other Rental

                      –2
                      –1

                      233017
                      Title 1 Property Improvement

                      –1
                      –1

                      233018
                      Title 1 Manufactured Housing

                      –1
                      –1

                      233999
                      Total subsidy budget authority
                      –585
                      –626
                      –573

                      Guaranteed loan subsidy outlays:

                      234001
                      Multifamily Development
                      –53
                      –58
                      –42

                      234003
                      Tax Credit New Construction
                      –50
                      –71
                      –50

                      234005
                      Apartments Refinance
                      –317
                      –296
                      –290

                      234008
                      Housing Finance Authority Risk Sharing
                      –4
                      –4
                      –2

                      234009
                      GSE Risk Sharing

                      –1
                      –2

                      234010
                      Health Care and Nursing Homes
                      –8
                      –14
                      –14

                      234011
                      Health Care Refinances
                      –156
                      –173
                      –157

                      234012
                      Hospitals
                      –19
                      –23
                      –25

                      234013
                      Other Rental

                      –2
                      –1

                      234017
                      Title 1 Property Improvement

                      –1
                      –1

                      234018
                      Title 1 Manufactured Housing
                      –1

                      –1

                      234999
                      Total subsidy outlays
                      –608
                      –643
                      –585

                      Guaranteed loan reestimates:

                      235023
                      GI/SRI Reestimates
                      –1,850
                      –196

                      235999
                      Total guaranteed loan reestimates
                      –1,850
                      –196

             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.

             In 2015, FHA established a partnership with the Federal Financing Bank (FFB) to provide FFB financing for multifamily loans
                guaranteed by FHA under the Housing Finance Agency (HFA) risk share program. FFB financing is designed to reduce the cost
                of funds supporting affordable rental housing and is available on an interim basis until the Congress approves the proposal
                to permit Ginnie Mae securitization of such mortgages, which is included in a general provision at the end of this budget
                chapter. These FFB-financed guaranteed loans are treated as direct loans in the Budget.

             FHA-general and Special Risk Guaranteed Loan Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 086–4077–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      0001
                      Capital investment, claims and other

                      Obligations by program activity:

                      0003
                      Other capital investments and operating expenses
                      125
                      3
                      10

                      0014
                      Contract Costs
                      79

                      0091
                      Direct program activities, subtotal
                      204
                      3
                      10

                      Credit program obligations:

                      0711
                      Default claim payments on principal
                      2,449
                      4,739
                      4,540

                      0712
                      Default claim payments on interest
                      180
                      348
                      333

                      0713
                      Payment of interest to Treasury
                      237
                      225
                      225

                      0740
                      Negative subsidy obligations
                      586
                      626
                      573

                      0742
                      Downward reestimate paid to receipt account
                      1,479
                      1,680

                      0743
                      Interest on downward reestimates
                      581
                      595

                      0791
                      Direct program activities, subtotal
                      5,512
                      8,213
                      5,671

                      0900
                      Total new obligations
                      5,716
                      8,216
                      5,681

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      11,495
                      8,474
                      4,353

                      1021
                      Recoveries of prior year unpaid obligations
                      109

                      1050
                      Unobligated balance (total)
                      11,604
                      8,474
                      4,353

                      Financing authority:

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority
                      1,769
                      800
                      800

                      1440
                      Borrowing authority, mandatory (total)
                      1,769
                      800
                      800

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      1,997
                      3,695
                      1,975

                      1825
                      Spending authority from offsetting collections applied to repay debt
                      –1,180
                      –400
                      –400

                      1850
                      Spending auth from offsetting collections, mand (total)
                      817
                      3,295
                      1,575

                      1900
                      Financing authority (total)
                      2,586
                      4,095
                      2,375

                      1930
                      Total budgetary resources available
                      14,190
                      12,569
                      6,728

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      8,474
                      4,353
                      1,047

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      520
                      423
                      622

                      3010
                      Obligations incurred, unexpired accounts
                      5,716
                      8,216
                      5,681

                      3020
                      Financing disbursements (gross)
                      –5,704
                      –8,017
                      –5,211

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –109

                      3050
                      Unpaid obligations, end of year
                      423
                      622
                      1,092

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      520
                      423
                      622

                      3200
                      Obligated balance, end of year
                      423
                      622
                      1,092

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      2,586
                      4,095
                      2,375

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      5,704
                      8,017
                      5,211

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Subsidy reestimate from program account
                      –210
                      –2,080

                      4122
                      Interest on uninvested funds
                      –473
                      –473
                      –473

                      4123
                      Fees and premiums
                      –841
                      –865
                      –881

                      4123
                      Recoveries on HUD-Held Notes
                      –192
                      –10
                      –207

                      4123
                      Title I recoveries
                      –8

                      –1

                      4123
                      Single family property recoveries
                      –221
                      –149
                      –194

                      4123
                      Gross Proceeds from Mortgage Note Sales
                      –38
                      –118
                      –219

                      4123
                      Non-Federal Resources-other
                      –14

                      4130
                      Offsets against gross financing auth and disbursements (total)
                      –1,997
                      –3,695
                      –1,975

                      4160
                      Financing authority, net (mandatory)
                      589
                      400
                      400

                      4170
                      Financing disbursements, net (mandatory)
                      3,707
                      4,322
                      3,236

                      4180
                      Financing authority, net (total)
                      589
                      400
                      400

                      4190
                      Financing disbursements, net (total)
                      3,707
                      4,322
                      3,236

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 086–4077–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Position with respect to appropriations act limitation on commitments:

                      2111
                      Guaranteed loan commitments from current-year authority
                      30,000
                      30,000
                      30,000

                      2142
                      Uncommitted loan guarantee limitation
                      –14,728
                      –15,020
                      –14,613

                      2150
                      Total guaranteed loan commitments
                      15,272
                      14,980
                      15,387

                      2199
                      Guaranteed amount of guaranteed loan commitments
                      15,172
                      14,980
                      15,387

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      146,735
                      151,910
                      158,120

                      2231
                      Disbursements of new guaranteed loans
                      15,387
                      17,917
                      18,422

                      2251
                      Repayments and prepayments
                      –7,763
                      –5,623
                      –7,059

                      Adjustments:

                      2261
                      Terminations for default that result in loans receivable
                      –1,533
                      –4,667
                      –3,568

                      2262
                      Terminations for default that result in acquisition of property
                      –739
                      –332
                      –187

                      2263
                      Terminations for default that result in claim payments
                      –177
                      –1,085
                      –5,304

                      2290
                      Outstanding, end of year
                      151,910
                      158,120
                      160,424

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      148,434
                      154,543
                      156,727

                      Addendum:

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

                      2310
                      Outstanding, start of year
                      2,724
                      3,505
                      7,173

                      2331
                      Disbursements for guaranteed loan claims
                      1,533
                      4,667
                      3,568

                      2351
                      Repayments of loans receivable
                      –118
                      –183
                      –479

                      2361
                      Write-offs of loans receivable
                      –634
                      –816
                      –1,670

                      2390
                      Outstanding, end of year
                      3,505
                      7,173
                      8,592

          Balance Sheet (in millions of dollars)

                      Identification code 086–4077–0–3–371
                      2013 actual
                      2014 actual

                      ASSETS:

                      Federal assets:

                      1101
                      Fund balances with Treasury
                      12,015
                      8,898

                      Investments in US securities:

                      1106
                      Receivables, net
                      1,162
                      3,465

                      Non-Federal assets:

                      1201
                      Investments in non-Federal securities, net
                      56
                      41

                      1206
                      Receivables, net
                      7
                      27

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

                      1501
                      Defaulted guaranteed loans receivable, gross
                      2,724
                      3,505

                      1502
                      Interest receivable
                      992
                      1,245

                      1504
                      Foreclosed property
                      180
                      101

                      1505
                      Allowance for subsidy cost
                      –1,374
                      –2,106

                      1599
                      Net value of assets related to defaulted guaranteed loan
                      2,522
                      2,745

                      1901
                      Other Federal assets: Other assets
                      1
                      5

                      1999
                      Total assets
                      15,763
                      15,181

                      LIABILITIES:

                      Federal liabilities:

                      2103
                      Debt
                      3,891
                      4,480

                      2105
                      Other
                      2,361
                      1,689

                      Non-Federal liabilities:

                      2201
                      Accounts payable
                      184
                      172

                      2204
                      Liabilities for loan guarantees
                      9,229
                      8,817

                      2207
                      Other
                      98
                      23

                      2999
                      Total liabilities
                      15,763
                      15,181

                      4999
                      Total liabilities and net position
                      15,763
                      15,181

             FHA-general and Special Risk Direct Loan Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 086–4105–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0710
                      Direct loan obligations

                      803
                      600

                      0713
                      Payment of interest to Treasury

                      3
                      2

                      0715
                      Payment of Interest to FFB

                      26
                      18

                      0740
                      Negative subsidy obligations

                      87
                      66

                      0900
                      Total new obligations

                      919
                      686

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1

                      2

                      Financing authority:

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority

                      920
                      686

                      1440
                      Borrowing authority, mandatory (total)

                      920
                      686

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected

                      26
                      20

                      1825
                      Spending authority from offsetting collections applied to repay debt

                      –25
                      –19

                      1850
                      Spending auth from offsetting collections, mand (total)

                      1
                      1

                      1900
                      Financing authority (total)

                      921
                      687

                      1930
                      Total budgetary resources available

                      921
                      689

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year

                      2
                      3

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      115

                      3010
                      Obligations incurred, unexpired accounts

                      919
                      686

                      3020
                      Financing disbursements (gross)

                      –804
                      –600

                      3050
                      Unpaid obligations, end of year

                      115
                      201

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year

                      115

                      3200
                      Obligated balance, end of year

                      115
                      201

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross

                      921
                      687

                      Financing disbursements:

                      4110
                      Financing disbursements, gross

                      804
                      600

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4123
                      Repayment of Principal

                      –26
                      –20

                      4180
                      Financing authority, net (total)

                      895
                      667

                      4190
                      Financing disbursements, net (total)

                      778
                      580

          Status of Direct Loans (in millions of dollars)

                      Identification code 086–4105–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Position with respect to appropriations act limitation on obligations:

                      1111
                      Direct loan obligations from current-year authority
                      20
                      823
                      605

                      1142
                      Unobligated direct loan limitation (-)
                      –20
                      –20
                      –5

                      1150
                      Total direct loan obligations

                      803
                      600

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year

                      778

                      1231
                      Disbursements: Direct loan disbursements

                      803
                      600

                      1251
                      Repayments: Repayments and prepayments

                      –25
                      –20

                      1290
                      Outstanding, end of year

                      778
                      1,358

             FHA-loan Guarantee Recovery Fund Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 086–4106–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      5
                      5
                      5

                      1930
                      Total budgetary resources available
                      5
                      5
                      5

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      5
                      5
                      5

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 086–4106–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      6
                      5
                      4

                      2251
                      Repayments and prepayments
                      –1
                      –1
                      –1

                      2290
                      Outstanding, end of year
                      5
                      4
                      3

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      4
                      4
                      3

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

          Balance Sheet (in millions of dollars)

                      Identification code 086–4106–0–3–371
                      2013 actual
                      2014 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 086–4072–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0101
                      Capital investment: Claims and other

                      0102
                      Assignment and Property Acquisition Claims
                      1
                      9
                      4

                      0110
                      Capitalized Expenses
                      1

                      0111
                      HUD Held Notes Escrow Activity
                      34
                      35
                      35

                      0113
                      Other
                      7

                      0900
                      Total new obligations
                      43
                      44
                      39

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      234
                      221

                      1021
                      Recoveries of prior year unpaid obligations
                      34

                      1022
                      Capital transfer of unobligated balances to general fund
                      –234
                      –221

                      1050
                      Unobligated balance (total)
                      34

                      Budget authority:

                      Appropriations, mandatory:

                      1200
                      Appropriation
                      30
                      25
                      25

                      1260
                      Appropriations, mandatory (total)
                      30
                      25
                      25

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      200
                      65
                      60

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

                      –46
                      –46

                      1850
                      Spending auth from offsetting collections, mand (total)
                      200
                      19
                      14

                      1900
                      Budget authority (total)
                      230
                      44
                      39

                      1930
                      Total budgetary resources available
                      264
                      44
                      39

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      221

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      294
                      267
                      226

                      3010
                      Obligations incurred, unexpired accounts
                      43
                      44
                      39

                      3020
                      Outlays (gross)
                      –36
                      –85
                      –79

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –34

                      3050
                      Unpaid obligations, end of year
                      267
                      226
                      186

                      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
                      293
                      266
                      225

                      3200
                      Obligated balance, end of year
                      266
                      225
                      185

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      230
                      44
                      39

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      26
                      42
                      37

                      4101
                      Outlays from mandatory balances
                      10
                      43
                      42

                      4110
                      Outlays, gross (total)
                      36
                      85
                      79

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4123
                      Non-Federal sources - Other
                      –200
                      –65
                      –60

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

                      4190
                      Outlays, net (total)
                      –164
                      20
                      19

                      Memorandum (non-add) entries:

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

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 086–4072–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      1,226
                      816
                      633

                      2251
                      Repayments and prepayments
                      –409
                      –175
                      –88

                      Adjustments:

                      2261
                      Terminations for default that result in loans receivable

                      –8
                      –4

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

                      2290
                      Outstanding, end of year
                      816
                      633
                      541

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      816
                      547
                      366

                      Addendum:

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

                      2310
                      Outstanding, start of year
                      2,244
                      2,095
                      2,051

                      2331
                      Disbursements for guaranteed loan claims

                      8
                      4

                      2351
                      Repayments of loans receivable
                      –149
                      –52
                      –51

                      2390
                      Outstanding, end of year
                      2,095
                      2,051
                      2,004

             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.

          Balance Sheet (in millions of dollars)

                      Identification code 086–4072–0–3–371
                      2013 actual
                      2014 actual

                      ASSETS:

                      Federal assets:

                      1101
                      Fund balances with Treasury
                      524
                      488

                      Investments in US securities:

                      1102
                      Treasury securities, par
                      3

                      1206
                      Non-Federal assets: Receivables, net
                      4
                      2

                      1701
                      Defaulted guaranteed loans, gross
                      2,244
                      2,095

                      1702
                      Interest receivable
                      241
                      245

                      1703
                      Allowance for estimated uncollectible loans and interest (-)
                      –944
                      –866

                      1704
                      Defaulted guaranteed loans and interest receivable, net
                      1,541
                      1,474

                      1706
                      Foreclosed property

                      3

                      1799
                      Value of assets related to loan guarantees
                      1,541
                      1,477

                      1901
                      Other Federal assets: Other assets
                      3

                      1999
                      Total assets
                      2,075
                      1,967

                      LIABILITIES:

                      Non-Federal liabilities:

                      2201
                      Accounts payable
                      10
                      10

                      2204
                      Liabilities for loan guarantees
                      2
                      2

                      2207
                      Other
                      165
                      183

                      2999
                      Total liabilities
                      177
                      195

                      NET POSITION:

                      3100
                      Unexpended appropriations
                      107
                      134

                      3300
                      Cumulative results of operations
                      1,791
                      1,638

                      3999
                      Total net position
                      1,898
                      1,772

                      4999
                      Total liabilities and net position
                      2,075
                      1,967

          Object Classification (in millions of dollars)

                      Identification code 086–4072–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Direct obligations:

                      32.0
                      Land and structures
                      1

                      33.0
                      Investments and loans
                      42
                      44
                      39

                      99.9
                      Total new obligations
                      43
                      44
                      39

             Housing for the Elderly or Handicapped Fund Liquidating Account

             Program and Financing (in millions of dollars)

                      Identification code 086–4115–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0102
                      Loan Management, Liquidations and Property Dispositions
                      2
                      6
                      6

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

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      77
                      166

                      1021
                      Recoveries of prior year unpaid obligations
                      1

                      1022
                      Capital transfer of unobligated balances to general fund
                      –77
                      –166

                      1050
                      Unobligated balance (total)
                      1

                      Budget authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      484
                      450
                      425

                      1820
                      Capital transfer of spending authority from offsetting collections to general fund
                      –317
                      –444
                      –419

                      1850
                      Spending auth from offsetting collections, mand (total)
                      167
                      6
                      6

                      1930
                      Total budgetary resources available
                      168
                      6
                      6

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      166

                      Change in obligated balance:

                      Unpaid obligations:

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

                      3010
                      Obligations incurred, unexpired accounts
                      2
                      6
                      6

                      3020
                      Outlays (gross)
                      –1
                      –8
                      –8

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –1

                      3050
                      Unpaid obligations, end of year
                      6
                      4
                      2

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      6
                      6
                      4

                      3200
                      Obligated balance, end of year
                      6
                      4
                      2

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      167
                      6
                      6

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority

                      6
                      6

                      4101
                      Outlays from mandatory balances
                      1
                      2
                      2

                      4110
                      Outlays, gross (total)
                      1
                      8
                      8

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4123
                      Non-Federal sources
                      –484
                      –450
                      –425

                      4180
                      Budget authority, net (total)
                      –317
                      –444
                      –419

                      4190
                      Outlays, net (total)
                      –483
                      –442
                      –417

          Status of Direct Loans (in millions of dollars)

                      Identification code 086–4115–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      2,096
                      1,777
                      1,423

                      1251
                      Repayments: Repayments and prepayments
                      –319
                      –354
                      –356

                      1290
                      Outstanding, end of year
                      1,777
                      1,423
                      1,067

          Balance Sheet (in millions of dollars)

                      Identification code 086–4115–0–3–371
                      2013 actual
                      2014 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      83
                      172

                      1206
                      Non-Federal assets: Interest Receivable: Public
                      22
                      20

                      1601
                      Direct loans, gross
                      2,096
                      1,777

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

                      1699
                      Value of assets related to direct loans
                      2,086
                      1,767

                      1999
                      Total assets
                      2,191
                      1,959

                      LIABILITIES:

                      2207
                      Non-Federal liabilities: Other
                      2
                      1

                      NET POSITION:

                      3100
                      Unexpended Appropriations
                      6
                      5

                      3300
                      Revolving Fund: Cumulative results of operations
                      2,183
                      1,953

                      3999
                      Total net position
                      2,189
                      1,958

                      4999
                      Total liabilities and net position
                      2,191
                      1,959

             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 [$10,000,000] $11,000,000, to remain available until expended, of which [$10,000,000] $11,000,000 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 [2015] 2016 so as to result in a final fiscal year [2015] 2016 appropriation from the general fund estimated at zero, and fees pursuant to such section 620 shall be modified as necessary
             to ensure such a final fiscal year [2015] 2016 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, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0234–0–1–376
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Payment to Trust Fund
                      1

                      0900
                      Total new obligations (object class 94.0)
                      1

                      Budgetary resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      1

                      1160
                      Appropriation, discretionary (total)
                      1

                      1930
                      Total budgetary resources available
                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      Obligations incurred, unexpired accounts
                      1

                      3020
                      Outlays (gross)
                      –1

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      1

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      1

                      4180
                      Budget authority, net (total)
                      1

                      4190
                      Outlays, net (total)
                      1

             The Budget provides a total of $11 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 086–8119–0–7–376
                      2014 actual
                      2015 est.
                      2016 est.

                      0100
                      Balance, start of year

                      Receipts:

                      0240
                      General Fund Payment, Manufactured Housing Fee Trust Fund
                      1

                      0260
                      Mobile Home Inspection and Monitoring Fees, Manufactured Housing Fee Trust Fund
                      5
                      10
                      11

                      0299
                      Total receipts and collections
                      6
                      10
                      11

                      0400
                      Total: Balances and collections
                      6
                      10
                      11

                      Appropriations:

                      0500
                      Manufactured Housing Fees Trust Fund
                      –6
                      –10
                      –11

                      0799
                      Balance, end of year

          Program and Financing (in millions of dollars)

                      Identification code 086–8119–0–7–376
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0002
                      Manufactured Housing Program Costs
                      10
                      10
                      11

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      7
                      5
                      5

                      1021
                      Recoveries of prior year unpaid obligations
                      2

                      1050
                      Unobligated balance (total)
                      9
                      5
                      5

                      Budget authority:

                      Appropriations, discretionary:

                      1101
                      Appropriation (special or trust fund)
                      6
                      10
                      11

                      1160
                      Appropriation, discretionary (total)
                      6
                      10
                      11

                      1930
                      Total budgetary resources available
                      15
                      15
                      16

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      5
                      5
                      5

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      8
                      8
                      10

                      3010
                      Obligations incurred, unexpired accounts
                      10
                      10
                      11

                      3020
                      Outlays (gross)
                      –8
                      –8
                      –9

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –2

                      3050
                      Unpaid obligations, end of year
                      8
                      10
                      12

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      8
                      8
                      10

                      3200
                      Obligated balance, end of year
                      8
                      10
                      12

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      6
                      10
                      11

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      8
                      8
                      9

                      4180
                      Budget authority, net (total)
                      6
                      10
                      11

                      4190
                      Outlays, net (total)
                      8
                      8
                      9

             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 2016 Budget proposes to fund the costs of authorized
                activities with an estimated $11 million in fees. In September of 2014, HUD increased the fee to $100 per label to ensure
                that HUD can continue to fulfill its statutory responsibilities. The 2016 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 086–8119–0–7–376
                      2014 actual
                      2015 est.
                      2016 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      7
                      7
                      8

                      41.0
                      Grants, subsidies, and contributions
                      3
                      3
                      3

                      99.9
                      Total new obligations
                      10
                      10
                      11

             Green Retrofit Program for Multifamily Housing Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 086–4589–0- -604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0742
                      Downward reestimate paid to receipt account
                      3
                      5

                      0743
                      Interest on downward reestimates
                      2
                      1

                      0900
                      Total new obligations
                      5
                      6

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      8
                      3

                      1021
                      Recoveries of prior year unpaid obligations
                      1

                      1023
                      Unobligated balances applied to repay debt
                      –7

                      1050
                      Unobligated balance (total)
                      2
                      3

                      Financing authority:

                      Borrowing authority, mandatory:

                      1400
                      Borrowing authority

                      3

                      1440
                      Borrowing authority, mandatory (total)

                      3

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      6

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

                      1900
                      Financing authority (total)
                      6
                      3

                      1930
                      Total budgetary resources available
                      8
                      6

                      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

                      6

                      3010
                      Obligations incurred, unexpired accounts
                      5
                      6

                      3020
                      Financing disbursements (gross)
                      –5

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –1

                      3050
                      Unpaid obligations, end of year

                      6
                      6

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1

                      6

                      3200
                      Obligated balance, end of year

                      6
                      6

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      6
                      3

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      5

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4123
                      Non-Federal sources
                      –6

                      4180
                      Financing authority, net (total)

                      3

                      4190
                      Financing disbursements, net (total)
                      –1

          Status of Direct Loans (in millions of dollars)

                      Identification code 086–4589–0- -604
                      2014 actual
                      2015 est.
                      2016 est.

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      80
                      70
                      70

                      1251
                      Repayments: Repayments and prepayments
                      –5

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

                      1290
                      Outstanding, end of year
                      70
                      70
                      70

             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 American Recovery and Reinvestment
                Act of 2009 (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 086–4589–0- -604
                      2013 actual
                      2014 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      4
                      3

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

                      1401
                      Direct loans receivable, gross
                      80
                      70

                      1402
                      Interest receivable
                      1
                      1

                      1405
                      Allowance for subsidy cost (-)
                      –70
                      –66

                      1499
                      Net present value of assets related to direct loans
                      11
                      5

                      1999
                      Total assets
                      15
                      8

                      LIABILITIES:

                      2103
                      Federal liabilities: Debt
                      15
                      8

                      4999
                      Total liabilities and net position
                      15
                      8

             Government National Mortgage Association

             The Government National Mortgage Association (GNMA) was formed by the 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 086–0238–0–1–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      7,049
                      8,797
                      12,427

                      1010
                      Unobligated balance transfer to other accts [086–0186]
                      –246
                      –222
                      –117

                      1011
                      Unobligated balance transfer from other acct [086–4238]
                      1,329

                      1050
                      Unobligated balance (total)
                      8,132
                      8,575
                      12,310

                      Budget authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Offsetting collections (negative subsidy)
                      665
                      832
                      958

                      1800
                      Offsetting collections (interest on investments)

                      44
                      111

                      1800
                      Offsetting collections (downward reestimate)

                      2,976

                      1850
                      Spending auth from offsetting collections, mand (total)
                      665
                      3,852
                      1,069

                      1900
                      Budget authority (total)
                      665
                      3,852
                      1,069

                      1930
                      Total budgetary resources available
                      8,797
                      12,427
                      13,379

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      8,797
                      12,427
                      13,379

                      Budget authority and outlays, net:

                      Discretionary:

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4030
                      Federal sources
                      –665
                      –832
                      –958

                      Mandatory:

                      4090
                      Budget authority, gross
                      665
                      3,852
                      1,069

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4120
                      Federal sources

                      –2,976

                      4121
                      Interest on Federal securities

                      –44
                      –111

                      4130
                      Offsets against gross budget authority and outlays (total)

                      –3,020
                      –111

                      4160
                      Budget authority, net (mandatory)
                      665
                      832
                      958

                      4170
                      Outlays, net (mandatory)

                      –3,020
                      –111

                      4190
                      Outlays, net (total)
                      –665
                      –3,852
                      –1,069

                      Memorandum (non-add) entries:

                      5000
                      Total investments, SOY: Federal securities: Par value

                      8,200

                      5001
                      Total investments, EOY: Federal securities: Par value

                      8,200
                      12,000

             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.

             Government national mortgage association
             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, [2016] 2017: Provided, That [$23,000,000] $28,320,000 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, [2015] 2016, 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, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0186–0–1–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      Credit program obligations:

                      0707
                      Reestimates of loan guarantee subsidy
                      38

                      0708
                      Interest on reestimates of loan guarantee subsidy
                      2

                      0709
                      Administrative expenses
                      156
                      201
                      221

                      0799
                      Total direct obligations
                      196
                      201
                      221

                      0801
                      Servicing Expenses
                      61
                      57
                      58

                      0900
                      Total new obligations
                      257
                      258
                      279

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1

                      99
                      129

                      1011
                      Unobligated balance transfer from other acct [086–0238]
                      246
                      222
                      117

                      1012
                      Unobligated balance transfers between expired and unexpired accounts
                      2

                      1021
                      Recoveries of prior year unpaid obligations
                      59

                      1050
                      Unobligated balance (total)
                      307
                      321
                      246

                      Budget authority:

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      101
                      89
                      118

                      1725
                      Spending authority from offsetting collections precluded from obligation (limitation on obligations)
                      –79
                      –66
                      –90

                      1750
                      Spending auth from offsetting collections, disc (total)
                      22
                      23
                      28

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      27
                      43
                      68

                      1850
                      Spending auth from offsetting collections, mand (total)
                      27
                      43
                      68

                      1900
                      Budget authority (total)
                      49
                      66
                      96

                      1930
                      Total budgetary resources available
                      356
                      387
                      342

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      99
                      129
                      63

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      4
                      258
                      449

                      3010
                      Obligations incurred, unexpired accounts
                      257
                      258
                      279

                      3011
                      Obligations incurred, expired accounts
                      1

                      3020
                      Outlays (gross)
                      –204
                      –67
                      –95

                      3031
                      Unpaid obligations transferred from other accts [086–4238]
                      260

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –59

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      258
                      449
                      633

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      4
                      258
                      449

                      3200
                      Obligated balance, end of year
                      258
                      449
                      633

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      22
                      23
                      28

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      18
                      21
                      25

                      4011
                      Outlays from discretionary balances
                      2
                      3
                      2

                      4020
                      Outlays, gross (total)
                      20
                      24
                      27

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources
                      –101
                      –89
                      –118

                      Mandatory:

                      4090
                      Budget authority, gross
                      27
                      43
                      68

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority

                      43
                      68

                      4101
                      Outlays from mandatory balances
                      184

                      4110
                      Outlays, gross (total)
                      184
                      43
                      68

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4123
                      Non-Federal sources
                      –27
                      –43
                      –68

                      4180
                      Budget authority, net (total)
                      –79
                      –66
                      –90

                      4190
                      Outlays, net (total)
                      76
                      –65
                      –91

                      Memorandum (non-add) entries:

                      5090
                      Unexpired unavailable balance, SOY: Offsetting collections
                      216
                      295
                      361

                      5092
                      Unexpired unavailable balance, EOY: Offsetting collections
                      295
                      361
                      451

                      5093
                      Expired unavailable balance, SOY: Offsetting collections
                      1
                      1
                      1

                      5095
                      Expired unavailable balance, EOY: Offsetting collections
                      1
                      1
                      1

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

                      Identification code 086–0186–0–1–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Guaranteed loan levels supportable by subsidy budget authority:

                      215001
                      Guarantees of Mortgage-Backed Securities
                      302,149
                      297,000
                      330,200

                      215999
                      Total loan guarantee levels
                      302,149
                      297,000
                      330,200

                      Guaranteed loan subsidy (in percent):

                      232001
                      Guarantees of Mortgage-Backed Securities
                      -.22
                      -.28
                      -.29

                      232999
                      Weighted average subsidy rate
                      -.22
                      -.28
                      -.29

                      Guaranteed loan subsidy budget authority:

                      233001
                      Guarantees of Mortgage-Backed Securities
                      –665
                      –832
                      –958

                      233999
                      Total subsidy budget authority
                      –665
                      –832
                      –958

                      Guaranteed loan subsidy outlays:

                      234001
                      Guarantees of Mortgage-Backed Securities
                      –665
                      –832
                      –902

                      234999
                      Total subsidy outlays
                      –665
                      –832
                      –902

                      Guaranteed loan reestimates:

                      235001
                      Guarantees of Mortgage-Backed Securities
                      40
                      –2,976

                      235999
                      Total guaranteed loan reestimates
                      40
                      –2,976

                      Administrative expense data:

                      3510
                      Budget authority
                      20
                      23
                      28

                      3590
                      Outlays from new authority
                      18
                      23
                      28

             The Budget requests loan commitment authority of $500 billion in 2016. The Budget also requests $28.3 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. This funding level will enable GMNA to keep pace with growing demands and respond
                to the complexities of the current market, including a growing number of security issuers and the entry of new types of issuer
                firms, such as non-depository institutions.

          Object Classification (in millions of dollars)

                      Identification code 086–0186–0–1–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Direct obligations:

                      11.1
                      Personnel compensation: Full-time permanent
                      14
                      18
                      23

                      12.1
                      Civilian personnel benefits
                      4
                      4
                      4

                      21.0
                      Travel and transportation of persons

                      1
                      1

                      25.2
                      Other services from non-Federal sources
                      138
                      178
                      193

                      41.0
                      Grants, subsidies, and contributions
                      38

                      43.0
                      Interest and dividends
                      2

                      99.0
                      Direct obligations
                      196
                      201
                      221

                      99.0
                      Reimbursable obligations
                      61
                      57
                      58

                      99.9
                      Total new obligations
                      257
                      258
                      279

          Employment Summary

                      Identification code 086–0186–0–1–371
                      2014 actual
                      2015 est.
                      2016 est.

                      1001
                      Direct civilian full-time equivalent employment
                      108
                      139
                      168

             Guarantees of Mortgage-backed Securities Financing Account

             Program and Financing (in millions of dollars)

                      Identification code 086–4240–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0003
                      Advances and other
                      1,107
                      4,290
                      425

                      0004
                      Preservation of collateral
                      245
                      348
                      169

                      0091
                      Subtotal - Advances and Operating Expenses
                      1,352
                      4,638
                      594

                      Credit program obligations:

                      0740
                      Negative subsidy obligations
                      665
                      832
                      958

                      0742
                      Downward reestimate paid to receipt account

                      2,873

                      0743
                      Interest on downward reestimates

                      103

                      0791
                      Direct program activities, subtotal
                      665
                      3,808
                      958

                      0900
                      Total new obligations
                      2,017
                      8,446
                      1,552

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      2,238
                      3,752
                      549

                      Financing authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      3,538
                      5,244
                      2,999

                      1801
                      Change in uncollected payments, Federal sources
                      –7
                      –1

                      1850
                      Spending auth from offsetting collections, mand (total)
                      3,531
                      5,243
                      2,999

                      1930
                      Total budgetary resources available
                      5,769
                      8,995
                      3,548

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      3,752
                      549
                      1,996

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      114
                      265
                      416

                      3010
                      Obligations incurred, unexpired accounts
                      2,017
                      8,446
                      1,552

                      3020
                      Financing disbursements (gross)
                      –1,981
                      –8,295
                      –1,469

                      3031
                      Unpaid obligations transferred from other accts [086–4238]
                      115

                      3050
                      Unpaid obligations, end of year
                      265
                      416
                      499

                      Uncollected payments:

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

                      3070
                      Change in uncollected pymts, Fed sources, unexpired
                      7
                      1

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

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      106
                      264
                      416

                      3200
                      Obligated balance, end of year
                      264
                      416
                      499

                      Financing authority and disbursements, net:

                      Mandatory:

                      4090
                      Financing authority, gross
                      3,531
                      5,243
                      2,999

                      Financing disbursements:

                      4110
                      Financing disbursements, gross
                      1,981
                      8,295
                      1,469

                      Offsets against gross financing authority and disbursements:

                      Offsetting collections (collected) from:

                      4120
                      Federal sources
                      –40

                      4122
                      Interest on uninvested funds
                      –123
                      –31
                      –118

                      4123
                      Guarantee Fees
                      –928
                      –829
                      –858

                      4123
                      Repayment of advances
                      –2,447
                      –4,384
                      –2,023

                      4130
                      Offsets against gross budget authority and outlays (total)
                      –3,538
                      –5,244
                      –2,999

                      Additional offsets against financing authority only (total):

                      4140
                      Change in uncollected pymts, Fed sources, unexpired
                      7
                      1

                      4170
                      Outlays, net (mandatory)
                      –1,557
                      3,051
                      –1,530

                      4190
                      Financing disbursements, net (total)
                      –1,557
                      3,051
                      –1,530

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 086–4240–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Position with respect to appropriations act limitation on commitments:

                      2111
                      Guaranteed loan commitments from current-year authority
                      500,000
                      500,000
                      500,000

                      2121
                      Limitation available from carry-forward
                      450,048
                      500,000
                      500,000

                      2142
                      Uncommitted loan guarantee limitation
                      –147,899
                      –203,000
                      –169,800

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

                      2150
                      Total guaranteed loan commitments
                      302,149
                      297,000
                      330,200

                      2199
                      Guaranteed amount of guaranteed loan commitments
                      302,149
                      297,000
                      330,200

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      1,457,108
                      1,526,470
                      1,576,343

                      2231
                      Disbursements of new guaranteed loans
                      302,149
                      297,000
                      311,000

                      2251
                      Repayments and prepayments
                      –232,787
                      –247,127
                      –264,228

                      2290
                      Outstanding, end of year
                      1,526,470
                      1,576,343
                      1,623,115

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year
                      1,526,470
                      1,576,343
                      1,623,115

          Balance Sheet (in millions of dollars)

                      Identification code 086–4240–0–3–371
                      2013 actual
                      2014 actual

                      ASSETS:

                      1101
                      Federal assets: Fund balances with Treasury
                      2,344
                      4,015

                      1206
                      Non-Federal assets: Receivables, net
                      7,764
                      6,952

                      1401
                      Net value of assets related to post-1991 direct loans receivable: Direct loans receivable, gross
                      6,423
                      5,501

                      1505
                      Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable: Allowance for subsidy cost (-)
                      –652
                      –574

                      1999
                      Total assets
                      15,879
                      15,894

                      LIABILITIES:

                      Non-Federal liabilities:

                      2201
                      Accounts payable
                      114
                      78

                      2207
                      Other
                      7,806
                      6,700

                      2999
                      Total liabilities
                      7,920
                      6,778

                      NET POSITION:

                      3300
                      Cumulative results of operations
                      7,959
                      9,116

                      4999
                      Total liabilities and net position
                      15,879
                      15,894

             Guarantees of Mortgage-backed Securities Liquidating Account

             Program and Financing (in millions of dollars)

                      Identification code 086–4238–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Administrative contract expenses
                      8

                      0002
                      Operating expenses

                      0002
                      Operating expenses
                      23

                      0900
                      Total new obligations
                      31

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      1,443
                      128
                      128

                      1010
                      Unobligated balance transfer to other accts [086–0238]
                      –1,329

                      1050
                      Unobligated balance (total)
                      114
                      128
                      128

                      Budget authority:

                      Spending authority from offsetting collections, mandatory:

                      1800
                      Collected
                      55

                      1801
                      Change in uncollected payments, Federal sources
                      –10

                      1850
                      Spending auth from offsetting collections, mand (total)
                      45

                      1930
                      Total budgetary resources available
                      159
                      128
                      128

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      128
                      128
                      128

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      367
                      22
                      19

                      3010
                      Obligations incurred, unexpired accounts
                      31

                      3020
                      Outlays (gross)
                      –1
                      –3

                      3030
                      Unpaid obligations transferred to other accts [086–0186]
                      –260

                      3030
                      Unpaid obligations transferred to other accts [086–4240]
                      –115

                      3050
                      Unpaid obligations, end of year
                      22
                      19
                      19

                      Uncollected payments:

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

                      3070
                      Change in uncollected pymts, Fed sources, unexpired
                      10

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      357
                      22
                      19

                      3200
                      Obligated balance, end of year
                      22
                      19
                      19

                      Budget authority and outlays, net:

                      Mandatory:

                      4090
                      Budget authority, gross
                      45

                      Outlays, gross:

                      4100
                      Outlays from new mandatory authority
                      1

                      4101
                      Outlays from mandatory balances

                      3

                      4110
                      Outlays, gross (total)
                      1
                      3

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4121
                      Interest on Federal securities
                      –51

                      4123
                      Non-Federal sources
                      –4

                      4130
                      Offsets against gross budget authority and outlays (total)
                      –55

                      Additional offsets against gross budget authority only:

                      4140
                      Change in uncollected pymts, Fed sources, unexpired
                      10

                      4170
                      Outlays, net (mandatory)
                      –54
                      3

                      4190
                      Outlays, net (total)
                      –54
                      3

                      Memorandum (non-add) entries:

                      5000
                      Total investments, SOY: Federal securities: Par value
                      1,812
                      151
                      100

                      5001
                      Total investments, EOY: Federal securities: Par value
                      151
                      100
                      100

          Status of Direct Loans (in millions of dollars)

                      Identification code 086–4238–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Cumulative balance of direct loans outstanding:

                      1210
                      Outstanding, start of year
                      8

                      1263
                      Write-offs for default: Direct loans
                      –8

                      1290
                      Outstanding, end of year

          Status of Guaranteed Loans (in millions of dollars)

                      Identification code 086–4238–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Cumulative balance of guaranteed loans outstanding:

                      2210
                      Outstanding, start of year
                      1

                      2251
                      Repayments and prepayments
                      –1

                      2290
                      Outstanding, end of year

                      Memorandum:

                      2299
                      Guaranteed amount of guaranteed loans outstanding, end of year

          Balance Sheet (in millions of dollars)

                      Identification code 086–4238–0–3–371
                      2013 actual
                      2014 actual

                      ASSETS:

                      Federal assets:

                      Investments in US securities:

                      1102
                      Treasury securities, par
                      1,812
                      151

                      1106
                      Receivables, net
                      9

                      1601
                      Direct loans, gross
                      8

                      1603
                      Allowance for estimated uncollectible loans and interest (-)
                      –4

                      1699
                      Value of assets related to direct loans
                      4

                      1901
                      Other Federal assets: Other assets
                      36
                      25

                      1999
                      Total assets
                      1,861
                      176

                      LIABILITIES:

                      Non-Federal liabilities:

                      2201
                      Accounts payable
                      53

                      2207
                      Other

                      23

                      2999
                      Total liabilities
                      53
                      23

                      NET POSITION:

                      3300
                      Cumulative results of operations
                      1,808
                      153

                      4999
                      Total liabilities and net position
                      1,861
                      176

          Object Classification (in millions of dollars)

                      Identification code 086–4238–0–3–371
                      2014 actual
                      2015 est.
                      2016 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      8

                      43.0
                      Interest and dividends
                      23

                      99.9
                      Total new obligations
                      31

             Policy Development and Research

             Federal Funds
             Policy development and research
             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, [and for technical assistance, $72,000,000] $50,000,000, to remain available until September 30, [2016, of which $22,000,000 shall be for technical assistance] 2017: 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:
             Provided further, That prior to obligation of technical assistance 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]. (Department of Housing and Urban Development Appropriations Act, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0108–0–1–451
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Contracts, Grants and Cooperative Agreements
                      46
                      52
                      50

                      0002
                      Technical Assistance

                      22

                      0900
                      Total new obligations
                      46
                      74
                      50

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      2
                      2

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      46
                      72
                      50

                      1160
                      Appropriation, discretionary (total)
                      46
                      72
                      50

                      1900
                      Budget authority (total)
                      46
                      72
                      50

                      1930
                      Total budgetary resources available
                      48
                      74
                      50

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      2

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      22
                      18
                      27

                      3010
                      Obligations incurred, unexpired accounts
                      46
                      74
                      50

                      3020
                      Outlays (gross)
                      –49
                      –65
                      –60

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      18
                      27
                      17

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      22
                      18
                      27

                      3200
                      Obligated balance, end of year
                      18
                      27
                      17

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      46
                      72
                      50

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      34
                      53
                      36

                      4011
                      Outlays from discretionary balances
                      15
                      12
                      24

                      4020
                      Outlays, gross (total)
                      49
                      65
                      60

                      4180
                      Budget authority, net (total)
                      46
                      72
                      50

                      4190
                      Outlays, net (total)
                      49
                      65
                      60

             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.

             To improve the quality of Federal evaluations and to use resources efficiently, the Budget seeks expanded legislative flexibilities
                for HUD to spend funding recaptured from evaluations and surveys. This flexibility will allow HUD to better target funds to
                reflect changing circumstances in the program.

          Object Classification (in millions of dollars)

                      Identification code 086–0108–0–1–451
                      2014 actual
                      2015 est.
                      2016 est.

                      Direct obligations:

                      25.2
                      Other services from non-Federal sources
                      9
                      11
                      10

                      25.3
                      Other goods and services from Federal sources
                      36
                      40
                      39

                      41.0
                      Grants, subsidies, and contributions
                      1
                      23
                      1

                      99.9
                      Total new obligations
                      46
                      74
                      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, [$65,300,000] $71,000,000, to remain available until September 30, [2016] 2017, 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, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0144–0–1–751
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Fair Housing Assistance
                      32
                      33
                      23

                      0002
                      Fair Housing Initiatives
                      41
                      41
                      45

                      0005
                      National Fair Housing Training Academy

                      2
                      2

                      0900
                      Total new obligations (object class 41.0)
                      73
                      76
                      70

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      18
                      11
                      1

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      66
                      65
                      71

                      1120
                      Appropriations transferred to other accts [086–0402]

                      –1

                      1160
                      Appropriation, discretionary (total)
                      66
                      65
                      70

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected

                      1
                      1

                      1750
                      Spending auth from offsetting collections, disc (total)

                      1
                      1

                      1900
                      Budget authority (total)
                      66
                      66
                      71

                      1930
                      Total budgetary resources available
                      84
                      77
                      72

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      11
                      1
                      2

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      86
                      95
                      99

                      3010
                      Obligations incurred, unexpired accounts
                      73
                      76
                      70

                      3020
                      Outlays (gross)
                      –63
                      –72
                      –72

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      95
                      99
                      97

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      86
                      95
                      99

                      3200
                      Obligated balance, end of year
                      95
                      99
                      97

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      66
                      66
                      71

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      1
                      7
                      8

                      4011
                      Outlays from discretionary balances
                      62
                      65
                      64

                      4020
                      Outlays, gross (total)
                      63
                      72
                      72

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources

                      –1
                      –1

                      4180
                      Budget authority, net (total)
                      66
                      65
                      70

                      4190
                      Outlays, net (total)
                      63
                      71
                      71

             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 2016. 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, [2016] 2017: 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, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0174–0–1–451
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Lead Hazard Reduction Grants
                      55
                      49
                      92

                      0002
                      Lead Hazard Reduction Demonstration
                      42
                      45

                      0003
                      Healthy Homes
                      15
                      16
                      25

                      0004
                      Lead Technical Studies
                      5
                      3
                      2

                      0900
                      Total new obligations (object class 41.0)
                      117
                      113
                      119

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      4
                      3

                      1021
                      Recoveries of prior year unpaid obligations
                      6

                      1050
                      Unobligated balance (total)
                      10
                      3

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      110
                      110
                      120

                      1120
                      Appropriations transferred to other accts [086–0402]

                      –1

                      1160
                      Appropriation, discretionary (total)
                      110
                      110
                      119

                      1930
                      Total budgetary resources available
                      120
                      113
                      119

                      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
                      358
                      336
                      326

                      3010
                      Obligations incurred, unexpired accounts
                      117
                      113
                      119

                      3020
                      Outlays (gross)
                      –122
                      –123
                      –122

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –6

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –11

                      3050
                      Unpaid obligations, end of year
                      336
                      326
                      323

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      358
                      336
                      326

                      3200
                      Obligated balance, end of year
                      336
                      326
                      323

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      110
                      110
                      119

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority

                      2
                      2

                      4011
                      Outlays from discretionary balances
                      122
                      121
                      120

                      4020
                      Outlays, gross (total)
                      122
                      123
                      122

                      4180
                      Budget authority, net (total)
                      110
                      110
                      119

                      4190
                      Outlays, net (total)
                      122
                      123
                      122

             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 $93 million for HUD's Lead Hazard Control Program, $25 million for the Healthy Homes
                Program, and $2 million for technical studies. The 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 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 Lead Hazard Control and Healthy Homes 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] $14,646,000: 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, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0332–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Personnel costs
                      9
                      11
                      11

                      0002
                      Benefits
                      3
                      3
                      3

                      0003
                      Non-Personnel costs
                      2
                      1
                      1

                      0900
                      Total new obligations
                      14
                      15
                      15

                      Budgetary resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      15
                      15
                      15

                      1160
                      Appropriation, discretionary (total)
                      15
                      15
                      15

                      1930
                      Total budgetary resources available
                      15
                      15
                      15

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1

                      2

                      3010
                      Obligations incurred, unexpired accounts
                      14
                      15
                      15

                      3020
                      Outlays (gross)
                      –12
                      –17
                      –15

                      3050
                      Unpaid obligations, end of year
                      2

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year

                      2

                      3200
                      Obligated balance, end of year
                      2

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      15
                      15
                      15

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      12
                      15
                      15

                      4011
                      Outlays from discretionary balances

                      2

                      4020
                      Outlays, gross (total)
                      12
                      17
                      15

                      4180
                      Budget authority, net (total)
                      15
                      15
                      15

                      4190
                      Outlays, net (total)
                      12
                      17
                      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 Neighborhood Partnerships; and the Office of Small and Disadvantaged Utilization.

          Object Classification (in millions of dollars)

                      Identification code 086–0332–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Direct obligations:

                      11.1
                      Personnel compensation: Full-time permanent
                      9
                      11
                      11

                      12.1
                      Civilian personnel benefits
                      3
                      3
                      3

                      25.2
                      Other services from non-Federal sources
                      2
                      1
                      1

                      99.9
                      Total new obligations
                      14
                      15
                      15

          Employment Summary

                      Identification code 086–0332–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      1001
                      Direct civilian full-time equivalent employment
                      77
                      90
                      90

             Administrative support officesFor necessary salaries and expenses for Administrative Support Offices, [$518,100,000, of] which [not to exceed $47,000,000] 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 $200,000,000 shall be available for the Office of] , Administration [; not to exceed $57,000,000 shall be available for the Office of the] , Chief Human Capital Officer [; not to exceed $50,000,000 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 $4,400,000 shall be available for the Office of] , Strategic Planning and Management [; and not to exceed $46,000,000 shall be available for the Office of the] , and Chief Information Officer, $577,861,000: Provided, That funds provided under this heading may be used for necessary administrative and non-administrative expenses of the Department
             of Housing and Urban Development, not otherwise provided for, including purchase of uniforms, or allowances therefor, as authorized
             by 5 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 in electronic form all signed reports required by Congress]. (Department of Housing and Urban Development Appropriations Act, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0335–0–1–999
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Personnel compensation [& benefits]
                      215
                      213
                      218

                      0002
                      Non-personnel costs
                      220
                      222
                      273

                      0003
                      Benefits
                      75
                      83
                      87

                      0900
                      Total new obligations
                      510
                      518
                      578

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1

                      1
                      1

                      1012
                      Unobligated balance transfers between expired and unexpired accounts
                      3

                      1050
                      Unobligated balance (total)
                      3
                      1
                      1

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      506
                      518
                      578

                      1121
                      Appropriations transferred from other acct [086–0334]
                      3

                      1121
                      Appropriations transferred from other acct [086–0337]
                      4

                      1121
                      Appropriations transferred from other acct [086–0338]
                      1

                      1160
                      Appropriation, discretionary (total)
                      514
                      518
                      578

                      1900
                      Budget authority (total)
                      514
                      518
                      578

                      1930
                      Total budgetary resources available
                      517
                      519
                      579

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –6

                      1941
                      Unexpired unobligated balance, end of year
                      1
                      1
                      1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      88
                      100
                      77

                      3010
                      Obligations incurred, unexpired accounts
                      510
                      518
                      578

                      3011
                      Obligations incurred, expired accounts
                      13

                      3020
                      Outlays (gross)
                      –488
                      –541
                      –569

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –23

                      3050
                      Unpaid obligations, end of year
                      100
                      77
                      86

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      88
                      100
                      77

                      3200
                      Obligated balance, end of year
                      100
                      77
                      86

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      514
                      518
                      578

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      444
                      440
                      491

                      4011
                      Outlays from discretionary balances
                      44
                      101
                      78

                      4020
                      Outlays, gross (total)
                      488
                      541
                      569

                      4180
                      Budget authority, net (total)
                      514
                      518
                      578

                      4190
                      Outlays, net (total)
                      488
                      541
                      569

             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 086–0335–0–1–999
                      2014 actual
                      2015 est.
                      2016 est.

                      Direct obligations:

                      Personnel compensation:

                      11.1
                      Full-time permanent
                      181
                      179
                      184

                      11.3
                      Other than full-time permanent
                      2
                      2
                      2

                      11.5
                      Other personnel compensation
                      7
                      7
                      7

                      11.8
                      Special personal services payments
                      25
                      25
                      25

                      11.9
                      Total personnel compensation
                      215
                      213
                      218

                      12.1
                      Civilian personnel benefits
                      75
                      83
                      87

                      21.0
                      Travel and transportation of persons
                      4
                      4
                      5

                      23.1
                      Rental payments to GSA
                      107
                      107
                      109

                      23.3
                      Communications, utilities, and miscellaneous charges
                      21
                      21
                      22

                      24.0
                      Printing and reproduction
                      1
                      1
                      1

                      25.1
                      Advisory and assistance services
                      67
                      39
                      76

                      25.3
                      Other goods and services from Federal sources

                      33
                      43

                      25.4
                      Operation and maintenance of facilities
                      9
                      9
                      9

                      26.0
                      Supplies and materials
                      2
                      2
                      2

                      31.0
                      Equipment
                      8
                      5
                      5

                      42.0
                      Insurance claims and indemnities
                      1
                      1
                      1

                      99.9
                      Total new obligations
                      510
                      518
                      578

          Employment Summary

                      Identification code 086–0335–0–1–999
                      2014 actual
                      2015 est.
                      2016 est.

                      1001
                      Direct civilian full-time equivalent employment
                      1,964
                      1,991
                      2,020

             Public and indian housingFor necessary salaries and expenses of the Office of Public and Indian Housing, [$203,000,000] $210,002,000. (Department of Housing and Urban Development Appropriations Act, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0337–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Personnel costs
                      145
                      152
                      159

                      0002
                      Benefits
                      40
                      40
                      40

                      0004
                      Non-personnel expenses
                      12
                      11
                      11

                      0900
                      Total new obligations
                      197
                      203
                      210

                      Budgetary resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      205
                      203
                      210

                      1120
                      Appropriations transferred to other accts [086–0335]
                      –4

                      1120
                      Appropriations transferred to other accts [086–4586]
                      –2

                      1160
                      Appropriation, discretionary (total)
                      199
                      203
                      210

                      1930
                      Total budgetary resources available
                      199
                      203
                      210

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –2

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      5
                      14
                      2

                      3010
                      Obligations incurred, unexpired accounts
                      197
                      203
                      210

                      3011
                      Obligations incurred, expired accounts
                      6

                      3020
                      Outlays (gross)
                      –189
                      –215
                      –209

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –5

                      3050
                      Unpaid obligations, end of year
                      14
                      2
                      3

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      5
                      14
                      2

                      3200
                      Obligated balance, end of year
                      14
                      2
                      3

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      199
                      203
                      210

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      183
                      201
                      207

                      4011
                      Outlays from discretionary balances
                      6
                      14
                      2

                      4020
                      Outlays, gross (total)
                      189
                      215
                      209

                      4180
                      Budget authority, net (total)
                      199
                      203
                      210

                      4190
                      Outlays, net (total)
                      189
                      215
                      209

             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 086–0337–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Direct obligations:

                      Personnel compensation:

                      11.1
                      Full-time permanent
                      138
                      145
                      152

                      11.5
                      Other personnel compensation
                      7
                      7
                      7

                      11.9
                      Total personnel compensation
                      145
                      152
                      159

                      12.1
                      Civilian personnel benefits
                      40
                      40
                      40

                      21.0
                      Travel and transportation of persons
                      3
                      4
                      4

                      25.2
                      Other services from non-Federal sources
                      9
                      7
                      7

                      99.9
                      Total new obligations
                      197
                      203
                      210

          Employment Summary

                      Identification code 086–0337–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      1001
                      Direct civilian full-time equivalent employment
                      1,345
                      1,421
                      1,453

             Community planning and developmentFor necessary salaries and expenses of the Office of Community Planning and Development, [$102,000,000] $112,115,000. (Department of Housing and Urban Development Appropriations Act, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0338–0–1–451
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Personnel costs
                      76
                      78
                      86

                      0002
                      Benefits
                      21
                      22
                      24

                      0006
                      Non-personnel expenses
                      4
                      2
                      2

                      0007
                      Disaster supplemental - PS

                      2
                      2

                      0900
                      Total new obligations
                      101
                      104
                      114

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      9
                      7
                      5

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      102
                      102
                      112

                      1120
                      Appropriations transferred to other accts [086–4586]
                      –1

                      1120
                      Appropriations transferred to other accts [086–0335]
                      –1

                      1160
                      Appropriation, discretionary (total)
                      100
                      102
                      112

                      1930
                      Total budgetary resources available
                      109
                      109
                      117

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –1

                      1941
                      Unexpired unobligated balance, end of year
                      7
                      5
                      3

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      3
                      5
                      1

                      3010
                      Obligations incurred, unexpired accounts
                      101
                      104
                      114

                      3011
                      Obligations incurred, expired accounts
                      3

                      3020
                      Outlays (gross)
                      –99
                      –108
                      –114

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –3

                      3050
                      Unpaid obligations, end of year
                      5
                      1
                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      3
                      5
                      1

                      3200
                      Obligated balance, end of year
                      5
                      1
                      1

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      100
                      102
                      112

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      94
                      101
                      111

                      4011
                      Outlays from discretionary balances
                      5
                      7
                      3

                      4020
                      Outlays, gross (total)
                      99
                      108
                      114

                      4180
                      Budget authority, net (total)
                      100
                      102
                      112

                      4190
                      Outlays, net (total)
                      99
                      108
                      114

             This account provides funding for all salaries and expenses of the Office of Community Planning and Development, including
                the Office of the Assistant Secretary. The Office provides funding to a broad array of state and local governments, 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 086–0338–0–1–451
                      2014 actual
                      2015 est.
                      2016 est.

                      Direct obligations:

                      Personnel compensation:

                      11.1
                      Full-time permanent
                      74
                      80
                      90

                      11.5
                      Other personnel compensation
                      2

                      11.9
                      Total personnel compensation
                      76
                      80
                      90

                      12.1
                      Civilian personnel benefits
                      21
                      22
                      22

                      21.0
                      Travel and transportation of persons
                      1
                      1
                      1

                      25.2
                      Other services from non-Federal sources
                      3
                      1
                      1

                      99.9
                      Total new obligations
                      101
                      104
                      114

          Employment Summary

                      Identification code 086–0338–0–1–451
                      2014 actual
                      2015 est.
                      2016 est.

                      1001
                      Direct civilian full-time equivalent employment
                      745
                      762
                      819

             HousingFor necessary salaries and expenses of the Office of Housing, [$379,000,000, of which at least $9,000,000 shall be for the Office of Risk and Regulatory Affairs] $397,174,000. (Department of Housing and Urban Development Appropriations Act, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0334–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Personnel costs
                      283
                      288
                      305

                      0002
                      Benefits
                      82
                      82
                      82

                      0003
                      Non-Personnel Service
                      9
                      9
                      10

                      0900
                      Total new obligations
                      374
                      379
                      397

                      Budgetary resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      382
                      379
                      397

                      1120
                      Appropriations transferred to other accts [086–4586]
                      –2

                      1120
                      Appropriations transferred to other accts [086–0335]
                      –3

                      1160
                      Appropriation, discretionary (total)
                      377
                      379
                      397

                      1930
                      Total budgetary resources available
                      377
                      379
                      397

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –3

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      14
                      20
                      5

                      3010
                      Obligations incurred, unexpired accounts
                      374
                      379
                      397

                      3011
                      Obligations incurred, expired accounts
                      10

                      3020
                      Outlays (gross)
                      –367
                      –394
                      –397

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –11

                      3050
                      Unpaid obligations, end of year
                      20
                      5
                      5

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      14
                      20
                      5

                      3200
                      Obligated balance, end of year
                      20
                      5
                      5

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      377
                      379
                      397

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      355
                      374
                      392

                      4011
                      Outlays from discretionary balances
                      12
                      20
                      5

                      4020
                      Outlays, gross (total)
                      367
                      394
                      397

                      4180
                      Budget authority, net (total)
                      377
                      379
                      397

                      4190
                      Outlays, net (total)
                      367
                      394
                      397

             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 086–0334–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      Direct obligations:

                      Personnel compensation:

                      11.1
                      Full-time permanent
                      274
                      279
                      296

                      11.5
                      Other personnel compensation
                      9
                      9
                      9

                      11.9
                      Total personnel compensation
                      283
                      288
                      305

                      12.1
                      Civilian personnel benefits
                      82
                      82
                      82

                      21.0
                      Travel and transportation of persons
                      3
                      3
                      3

                      22.0
                      Transportation of things
                      1
                      1
                      1

                      25.2
                      Other services from non-Federal sources
                      5
                      5
                      6

                      99.9
                      Total new obligations
                      374
                      379
                      397

          Employment Summary

                      Identification code 086–0334–0–1–604
                      2014 actual
                      2015 est.
                      2016 est.

                      1001
                      Direct civilian full-time equivalent employment
                      2,840
                      2,890
                      2,922

             Policy development and researchFor necessary salaries and expenses of the Office of Policy Development and Research, [$22,700,000] $23,907,000. (Department of Housing and Urban Development Appropriations Act, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0339–0–1–451
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Personnel costs
                      16
                      18
                      19

                      0002
                      Benefits
                      4
                      4
                      4

                      0003
                      Non-personnel expenses
                      1
                      1
                      1

                      0900
                      Total new obligations
                      21
                      23
                      24

                      Budgetary resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      22
                      23
                      24

                      1160
                      Appropriation, discretionary (total)
                      22
                      23
                      24

                      1930
                      Total budgetary resources available
                      22
                      23
                      24

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –1

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      1
                      1

                      3010
                      Obligations incurred, unexpired accounts
                      21
                      23
                      24

                      3011
                      Obligations incurred, expired accounts
                      1

                      3020
                      Outlays (gross)
                      –21
                      –24
                      –24

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –1

                      3050
                      Unpaid obligations, end of year
                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      1
                      1

                      3200
                      Obligated balance, end of year
                      1

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      22
                      23
                      24

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      20
                      23
                      24

                      4011
                      Outlays from discretionary balances
                      1
                      1

                      4020
                      Outlays, gross (total)
                      21
                      24
                      24

                      4180
                      Budget authority, net (total)
                      22
                      23
                      24

                      4190
                      Outlays, net (total)
                      21
                      24
                      24

             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 086–0339–0–1–451
                      2014 actual
                      2015 est.
                      2016 est.

                      Direct obligations:

                      11.1
                      Personnel compensation: Full-time permanent
                      16
                      18
                      19

                      12.1
                      Civilian personnel benefits
                      4
                      4
                      4

                      25.2
                      Other services from non-Federal sources
                      1
                      1
                      1

                      99.9
                      Total new obligations
                      21
                      23
                      24

          Employment Summary

                      Identification code 086–0339–0–1–451
                      2014 actual
                      2015 est.
                      2016 est.

                      1001
                      Direct civilian full-time equivalent employment
                      137
                      152
                      159

             Fair housing and equal opportunityFor necessary salaries and expenses of the Office of Fair Housing and Equal Opportunity, [$68,000,000] $81,132,000. (Department of Housing and Urban Development Appropriations Act, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0340–0–1–751
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Personnel costs
                      52
                      52
                      61

                      0002
                      Benefits
                      14
                      14
                      18

                      0003
                      Non-personnel expenses
                      2
                      2
                      2

                      0900
                      Total new obligations
                      68
                      68
                      81

                      Budgetary resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      69
                      68
                      81

                      1160
                      Appropriation, discretionary (total)
                      69
                      68
                      81

                      1930
                      Total budgetary resources available
                      69
                      68
                      81

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –1

                      Change in obligated balance:

                      Unpaid obligations:

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

                      3010
                      Obligations incurred, unexpired accounts
                      68
                      68
                      81

                      3011
                      Obligations incurred, expired accounts
                      2

                      3020
                      Outlays (gross)
                      –68
                      –69
                      –81

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –2

                      3050
                      Unpaid obligations, end of year
                      2
                      1
                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      2
                      2
                      1

                      3200
                      Obligated balance, end of year
                      2
                      1
                      1

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      69
                      68
                      81

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      66
                      67
                      80

                      4011
                      Outlays from discretionary balances
                      2
                      2
                      1

                      4020
                      Outlays, gross (total)
                      68
                      69
                      81

                      4180
                      Budget authority, net (total)
                      69
                      68
                      81

                      4190
                      Outlays, net (total)
                      68
                      69
                      81

             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 086–0340–0–1–751
                      2014 actual
                      2015 est.
                      2016 est.

                      Direct obligations:

                      Personnel compensation:

                      11.1
                      Full-time permanent
                      51
                      51
                      60

                      11.5
                      Other personnel compensation
                      1
                      1
                      1

                      11.9
                      Total personnel compensation
                      52
                      52
                      61

                      12.1
                      Civilian personnel benefits
                      14
                      14
                      18

                      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
                      68
                      68
                      81

          Employment Summary

                      Identification code 086–0340–0–1–751
                      2014 actual
                      2015 est.
                      2016 est.

                      1001
                      Direct civilian full-time equivalent employment
                      527
                      516
                      608

             Office of lead hazard control and healthy homesFor necessary salaries and expenses of the Office of Lead Hazard Control and Healthy Homes, [$6,700,000] $7,812,000. (Department of Housing and Urban Development Appropriations Act, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0341–0–1–451
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Personnel costs
                      5
                      5
                      7

                      0002
                      Benefits
                      2
                      2
                      2

                      0900
                      Total new obligations
                      7
                      7
                      9

                      Budgetary resources:

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      7
                      7
                      9

                      1160
                      Appropriation, discretionary (total)
                      7
                      7
                      9

                      1930
                      Total budgetary resources available
                      7
                      7
                      9

                      Change in obligated balance:

                      Unpaid obligations:

                      3010
                      Obligations incurred, unexpired accounts
                      7
                      7
                      9

                      3020
                      Outlays (gross)
                      –7
                      –7
                      –9

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      7
                      7
                      9

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      7
                      7
                      9

                      4180
                      Budget authority, net (total)
                      7
                      7
                      9

                      4190
                      Outlays, net (total)
                      7
                      7
                      9

             This account provides funding for all salaries and expenses of the Office of Lead Hazard Control and Healthy Homes . 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 086–0341–0–1–451
                      2014 actual
                      2015 est.
                      2016 est.

                      Direct obligations:

                      11.1
                      Personnel compensation: Full-time permanent
                      6
                      5
                      7

                      12.1
                      Civilian personnel benefits
                      1
                      2
                      2

                      99.9
                      Total new obligations
                      7
                      7
                      9

          Employment Summary

                      Identification code 086–0341–0–1–451
                      2014 actual
                      2015 est.
                      2016 est.

                      1001
                      Direct civilian full-time equivalent employment
                      50
                      46
                      54

             Salaries and Expenses

             Program and Financing (in millions of dollars)

                      Identification code 086–0143–0–1–999
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0801
                      Gulf Coast Disaster related activities

                      1
                      1

                      0802
                      Sandy Task Force
                      2

                      0900
                      Total new obligations
                      2
                      1
                      1

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      9
                      7
                      6

                      1930
                      Total budgetary resources available
                      9
                      7
                      6

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      7
                      6
                      5

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      3

                      3010
                      Obligations incurred, unexpired accounts
                      2
                      1
                      1

                      3020
                      Outlays (gross)
                      –5
                      –1

                      3050
                      Unpaid obligations, end of year

                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      3

                      3200
                      Obligated balance, end of year

                      1

                      Budget authority and outlays, net:

                      Discretionary:

                      Outlays, gross:

                      4011
                      Outlays from discretionary balances
                      5
                      1

                      4190
                      Outlays, net (total)
                      5
                      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 086–0143–0–1–999
                      2014 actual
                      2015 est.
                      2016 est.

                      25.2
                      Reimbursable obligations: Other services from non-Federal sources
                      2
                      1
                      1

                      99.0
                      Reimbursable obligations
                      2
                      1
                      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, [$126,000,000] $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, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–0189–0–1–451
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      OIG Salaries and Benefits
                      94
                      94
                      99

                      0002
                      OIG Non-Personnel Costs
                      31
                      32
                      30

                      0004
                      Hurricane Sandy and Other Disaster related activities

                      2

                      0900
                      Total new obligations
                      125
                      126
                      131

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      9
                      8
                      8

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      125
                      126
                      131

                      1160
                      Appropriation, discretionary (total)
                      125
                      126
                      131

                      1930
                      Total budgetary resources available
                      134
                      134
                      139

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –1

                      1941
                      Unexpired unobligated balance, end of year
                      8
                      8
                      8

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      12
                      17
                      17

                      3010
                      Obligations incurred, unexpired accounts
                      125
                      126
                      131

                      3011
                      Obligations incurred, expired accounts
                      3

                      3020
                      Outlays (gross)
                      –119
                      –126
                      –132

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –4

                      3050
                      Unpaid obligations, end of year
                      17
                      17
                      16

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      12
                      17
                      17

                      3200
                      Obligated balance, end of year
                      17
                      17
                      16

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      125
                      126
                      131

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      109
                      105
                      109

                      4011
                      Outlays from discretionary balances
                      10
                      21
                      23

                      4020
                      Outlays, gross (total)
                      119
                      126
                      132

                      4180
                      Budget authority, net (total)
                      125
                      126
                      131

                      4190
                      Outlays, net (total)
                      119
                      126
                      132

             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 086–0189–0–1–451
                      2014 actual
                      2015 est.
                      2016 est.

                      Direct obligations:

                      Personnel compensation:

                      11.1
                      Full-time permanent
                      64
                      68
                      72

                      11.5
                      Other personnel compensation
                      6
                      6
                      6

                      11.9
                      Total personnel compensation
                      70
                      74
                      78

                      12.1
                      Civilian personnel benefits
                      24
                      24
                      24

                      21.0
                      Travel and transportation of persons
                      4
                      5
                      4

                      23.1
                      Rental payments to GSA
                      9
                      9
                      9

                      25.2
                      Other services from non-Federal sources
                      18
                      13
                      15

                      31.0
                      Equipment

                      1
                      1

                      99.9
                      Total new obligations
                      125
                      126
                      131

          Employment Summary

                      Identification code 086–0189–0–1–451
                      2014 actual
                      2015 est.
                      2016 est.

                      1001
                      Direct civilian full-time equivalent employment
                      603
                      637
                      643

             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] $334,000,000, of which $286,000,000 shall remain available until September 30, [2016] 2017, and of which $48,000,000 shall remain available until September 30, 2018: 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. (Department of Housing and Urban Development Appropriations Act, 2015.)
          Program and Financing (in millions of dollars)

                      Identification code 086–4586–0–4–451
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Information Technology Expenses
                      208
                      337
                      344

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      90
                      145
                      62

                      1021
                      Recoveries of prior year unpaid obligations
                      9
                      4
                      4

                      1050
                      Unobligated balance (total)
                      99
                      149
                      66

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      250
                      250
                      334

                      1121
                      Appropriations transferred from other acct [086–0338]
                      1

                      1121
                      Appropriations transferred from other acct [086–0334]
                      2

                      1121
                      Appropriations transferred from other acct [086–0337]
                      2

                      1160
                      Appropriation, discretionary (total)
                      255
                      250
                      334

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      1

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

                      1900
                      Budget authority (total)
                      256
                      250
                      334

                      1930
                      Total budgetary resources available
                      355
                      399
                      400

                      Memorandum (non-add) entries:

                      1940
                      Unobligated balance expiring
                      –2

                      1941
                      Unexpired unobligated balance, end of year
                      145
                      62
                      56

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      235
                      185
                      220

                      3010
                      Obligations incurred, unexpired accounts
                      208
                      337
                      344

                      3020
                      Outlays (gross)
                      –247
                      –298
                      –286

                      3040
                      Recoveries of prior year unpaid obligations, unexpired
                      –9
                      –4
                      –4

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –2

                      3050
                      Unpaid obligations, end of year
                      185
                      220
                      274

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      235
                      185
                      220

                      3200
                      Obligated balance, end of year
                      185
                      220
                      274

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      256
                      250
                      334

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      35
                      70
                      93

                      4011
                      Outlays from discretionary balances
                      212
                      228
                      193

                      4020
                      Outlays, gross (total)
                      247
                      298
                      286

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4030
                      Federal sources
                      –1

                      4180
                      Budget authority, net (total)
                      255
                      250
                      334

                      4190
                      Outlays, net (total)
                      246
                      298
                      286

                      Memorandum (non-add) entries:

                      5096
                      Unexpired unavailable balance, SOY: Appropriations
                      10

                      5097
                      Expiring unavailable balance: Appropriations
                      –10

             The Information Technology 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 $334 million for the development, modernization, enhancement, operation and maintenance of
                HUD's IT infrastructure and systems, including $286 million with a two-year period of availability and $48 million with a
                three-year period of availability.

             HUD is currently developing a Working Capital Fund implementation plan, the goal of which is to develop a roadmap that will
                allow the Department to stand up a robust Working Capital Fund to improve the stability, accountability, transparency, and
                efficiency of enterprise investments and services. The Department is evaluating various governance structures and funding
                mechanisms and expects to finalize an implementation strategy in the coming months.

          Object Classification (in millions of dollars)

                      Identification code 086–4586–0–4–451
                      2014 actual
                      2015 est.
                      2016 est.

                      Direct obligations:

                      23.3
                      Communications, utilities, and miscellaneous charges
                      73
                      176
                      188

                      25.2
                      Other services from non-Federal sources

                      14
                      9

                      25.3
                      Other goods and services from Federal sources
                      3
                      13
                      11

                      25.7
                      Operation and maintenance of equipment
                      130
                      132
                      134

                      31.0
                      Equipment
                      2
                      2
                      2

                      99.9
                      Total new obligations
                      208
                      337
                      344

             Transformation InitiativeOf 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 $120,000,000, and such transferred amounts shall be available until September 30, 2018,
                for (1) research and evaluation; (2) program demonstrations; and (3) technical assistance and capacity building, including
                forms of assistance described under Sections 4(b)(1) and 4(b)(2) of the HUD Demonstration Act of 1993, as amended: "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", "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 and evaluation 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: Provided
                further, That of the amounts made available under this heading, not less than $85,000,000 shall be available for technical
                assistance and capacity building.
          Program and Financing (in millions of dollars)

                      Identification code 086–0402–0–1–451
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      TI Research and Demonstrations
                      8
                      18
                      10

                      0002
                      TI Technical Assistance and Capacity Building
                      32
                      1
                      50

                      0900
                      Total new obligations (object class 25.2)
                      40
                      19
                      60

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      22
                      22
                      3

                      Budget authority:

                      Appropriations, discretionary:

                      1100
                      Appropriation
                      40

                      1121
                      Appropriations transferred from other acct [086–0349]

                      2

                      1121
                      Appropriations transferred from other acct [086–0162]

                      20

                      1121
                      Appropriations transferred from other acct [086–0144]

                      1

                      1121
                      Appropriations transferred from other acct [086–0350]

                      1

                      1121
                      Appropriations transferred from other acct [086–0205]

                      8

                      1121
                      Appropriations transferred from other acct [086–0156]

                      1

                      1121
                      Appropriations transferred from other acct [086–0237]

                      1

                      1121
                      Appropriations transferred from other acct [086–0320]

                      3

                      1121
                      Appropriations transferred from other acct [086–0308]

                      3

                      1121
                      Appropriations transferred from other acct [086–0174]

                      1

                      1121
                      Appropriations transferred from other acct [086–0183]

                      1

                      1121
                      Appropriations transferred from other acct [086–0313]

                      5

                      1121
                      Appropriations transferred from other acct [086–0303]

                      20

                      1121
                      Appropriations transferred from other acct [086–0304]

                      15

                      1121
                      Appropriations transferred from other acct [086–0163]

                      18

                      1121
                      Appropriations transferred from other acct [086–0302]

                      20

                      1160
                      Appropriation, discretionary (total)
                      40

                      120

                      1930
                      Total budgetary resources available
                      62
                      22
                      123

                      Memorandum (non-add) entries:

                      1941
                      Unexpired unobligated balance, end of year
                      22
                      3
                      63

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      253
                      168
                      140

                      3010
                      Obligations incurred, unexpired accounts
                      40
                      19
                      60

                      3020
                      Outlays (gross)
                      –122
                      –47
                      –49

                      3041
                      Recoveries of prior year unpaid obligations, expired
                      –3

                      3050
                      Unpaid obligations, end of year
                      168
                      140
                      151

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      253
                      168
                      140

                      3200
                      Obligated balance, end of year
                      168
                      140
                      151

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      40

                      120

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority

                      1

                      4011
                      Outlays from discretionary balances
                      122
                      47
                      48

                      4020
                      Outlays, gross (total)
                      122
                      47
                      49

                      4180
                      Budget authority, net (total)
                      40

                      120

                      4190
                      Outlays, net (total)
                      122
                      47
                      49

             The Transformation Initiative (TI), initiated in 2010, is a focused, systematic effort to increase the effectiveness of HUD's
                program and service delivery, improve program outcomes, and enable innovative approaches to address the nation's housing and
                urban development problems. A central concept of TI is to make the Department's investments increasingly coordinated, efficient,
                and effective by generating and communicating evidence and expertise in a cross-cutting way to those who need it. The 2016
                Budget proposes transfers to TI of up to $120 million. The Budget proposes three complementary purposes for these funds: (1)
                research and evaluation, (2) program demonstrations, and (3) technical assistance and capacity building for HUD's customers
                and partners, including forms of assistance described under Sections 4(b)(1) and 4(b)(2) of the HUD Demonstration Act of 1993,
                as amended. Of the transfer total, the Budget proposes that at least $85 million shall be for technical assistance and capacity
                building.

             The initiative's research, evaluation and demonstration priorities are informed by HUD's "Research Roadmap 2014–2018," developed
                by HUD's Office of Policy Development and Research (PD&R) through an extensive consultation and prioritization process. HUD
                is planning to refresh the Roadmap to ensure that the research agenda continues to address rapidly evolving housing and urban
                development challenges. The TI provides a predictable stream of funding for these research and evaluation projects and program
                demonstrations that will inform sound policymaking and effective program implementation. The TI supplements HUD's Research
                and Technology appropriations, which primarily fund housing data collection efforts such as the American Housing Survey. To
                improve the quality of Federal evaluations and to use resources efficiently, the Budget seeks expanded legislative flexibilities
                for HUD to spend funding recaptured from research, evaluation, and demonstrations.

             Historically, HUD delivered program-oriented technical assistance. Through TI HUD has learned that it is more effective to
                provide comprehensive and coordinated assistance to help grantees, public housing authorities, and other customers implement
                affordable housing and community development programs. Technical assistance within TI enables HUD to deliver cross-program
                technical assistance that is responsive to the needs of HUD's customers. In 2016, HUD will continue its integrated approach
                to technical assistance piloted under Community Compass, and will dedicate a portion of funds under this program 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. Technical assistance will focus on integrated management and planning across programs and jurisdictions, improved
                use of data to drive decision-making and results, addressing staff turnover and capacity through the availability of online
                resources and training, and delivering comprehensive capacity building to help distressed communities position themselves
                for revitalization and economic growth.

             The following table illustrates the estimated transfers from HUD's programs into the Transformation Initiative account in
                2016.

                         2016

                         Program Name (amounts in thousands)
                         Treasury
                         Estimated

                         Account
                         Transfer

                         Choice Neighborhoods
                         86–0349
                         1,900

                         Community Development Fund
                         86–0162
                         20,000

                         Fair Housing Activities
                         86–0144
                         540

                         Family Self Sufficiency
                         86–0350
                         646

                         HOME Investment Partnerships Program
                         86–0205
                         8,056

                         Homeless Assistance Grants
                         86–0192
                         0

                         Housing Counseling Assistance
                         86–0156
                         456

                         Housing for Persons with Disabilities (Section 811)
                         86–0237
                         1,345

                         Housing for the Elderly (Section 202)
                         86–0320
                         3,458

                         Housing Opportunities for Persons with AIDS
                         86–0308
                         2,523

                         Lead Hazard Reduction
                         86–0174
                         912

                         Mutual Mortgage Insurance Program Account
                         86–0183
                         1,322

                         Native American Housing Block Grants
                         86–0313
                         5,016

                         Project-Based Rental Assistance
                         86–0303
                         20,000

                         Public Housing Capital Fund
                         86–0304
                         14,972

                         Public Housing Operating Fund
                         86–0163
                         18,474

                         Rental Assistance Demonstration
                         86–0406
                         380

                         Tenant-Based Rental Assistance
                         86–0302
                         20,000

                         Transfer Total

                         120,0001

             1 Amount represents estimated TI transfers based on the 2016 Budget priorities, program requirements, and application of a $20
             million cap per account.

          Trust Funds
             Gifts and Bequests

             Program and Financing (in millions of dollars)

                      Identification code 086–8093–0–7–451
                      2014 actual
                      2015 est.
                      2016 est.

                      Obligations by program activity:

                      0001
                      Gifts and bequests
                      2

                      0900
                      Total new obligations (object class 41.0)
                      2

                      Budgetary resources:

                      Unobligated balance:

                      1000
                      Unobligated balance brought forward, Oct 1
                      1

                      Budget authority:

                      Spending authority from offsetting collections, discretionary:

                      1700
                      Collected
                      1

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

                      1900
                      Budget authority (total)
                      1

                      1930
                      Total budgetary resources available
                      2

                      Change in obligated balance:

                      Unpaid obligations:

                      3000
                      Unpaid obligations, brought forward, Oct 1
                      2
                      1

                      3010
                      Obligations incurred, unexpired accounts
                      2

                      3020
                      Outlays (gross)
                      –3
                      –1

                      3050
                      Unpaid obligations, end of year
                      1

                      Memorandum (non-add) entries:

                      3100
                      Obligated balance, start of year
                      2
                      1

                      3200
                      Obligated balance, end of year
                      1

                      Budget authority and outlays, net:

                      Discretionary:

                      4000
                      Budget authority, gross
                      1

                      Outlays, gross:

                      4010
                      Outlays from new discretionary authority
                      1

                      4011
                      Outlays from discretionary balances
                      2
                      1

                      4020
                      Outlays, gross (total)
                      3
                      1

                      Offsets against gross budget authority and outlays:

                      Offsetting collections (collected) from:

                      4033
                      Non-Federal sources
                      –1

                      4190
                      Outlays, net (total)
                      2
                      1

             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 currently in this account
                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)

                      2014 actual
                      2015 est.
                      2016 est.

                      Offsetting receipts from the public:

                      086–279930
                      Native Hawaiian Housing Loan Guarantees, Downward Reestimates of Subsidies
                      2
                      1

                      086–276230
                      Title VI Indian Loan Guarantee Downward Reestimate

                      3

                      086–267810
                      Green Retrofit Program for Multifamily Housing, Downward Reestimates of Subsidies
                      5
                      6

                      086–274330
                      Indian Housing Loan Guarantees, Downward Reestimates of Subsidies
                      6
                      21

                      086–277330
                      Community Development Loan Guarantees, Downward Reestimates
                      7
                      21

                      086–271930
                      FHA-general and Special Risk, Downward Reestimates of Subsidies
                      2,060
                      2,276

                      086–143500
                      General Fund Proprietary Interest Receipts, not Otherwise Classified

                      1

                      086–322000
                      All Other General Fund Proprietary Receipts Including Budget Clearing Accounts
                      12
                      12
                      12

                      086–271910
                      FHA-general and Special Risk, Negative Subsidies
                      608
                      708
                      657

                      General Fund Offsetting receipts from the public
                      2,700
                      3,048
                      670

                      Intragovernmental payments:

                      086–388510
                      Undistributed Intragovernmental Payments
                      13
                      7
                      7

                      General Fund Intragovernmental payments
                      13
                      7
                      7

             GENERAL PROVISIONS—DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

             '

          (including transfer of funds)'

          [(including rescissions)]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 [2015] 2016 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 [2015] 2016 as if such sections were included in this title, except that during such fiscal year such sections shall be applied by substituting
          ["fiscal year 2015"] "fiscal year 2016" 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 No. 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 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 2015 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. 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 2015 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 2016, 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]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, and the States of Alaska, Iowa, and Mississippi shall not be required to include a resident
          of public housing or a recipient of assistance provided under section 8 of the United States Housing Act of 1937 on the board
          of directors or a similar governing board of such agency or entity as required under section (2)(b) of such Act. Each public
          housing agency or other entity that administers Federal housing assistance under section 8 for the Housing Authority of the
          county of Los Angeles, California and the States of Alaska, Iowa and Mississippi that chooses not to include a resident of
          public housing or a recipient of section 8 assistance on the board of directors or a similar governing board shall establish
          an advisory board of not less than six residents of public housing or recipients of section 8 assistance to provide advice
          and comment to the public housing agency or other administering entity on issues related to public housing and section 8.
          Such advisory board shall meet not less than quarterly.[SEC. 211. 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. [212]207. (a) Notwithstanding any other provision of law, subject to the conditions listed under this section, for fiscal years 2015 and
          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) 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. [213]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. 214. 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. [215]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, 2015, 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. [216]210. Notwithstanding any other provision of law, in fiscal year [2015] 2016, 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. [217]211. [The commitment authority funded by fees as 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 such 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. 218. 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. 219. 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. [220]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" [, "Government National Mortgage Association—Guarantees of Mortgage-Backed Securities Loan Guarantee Program Account", and
          "Office of Inspector General"] within the Department of Housing and Urban Development.[SEC. 221. 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 identify
          all existing units maintained by region as section 8 project-based units, all project-based units that have opted out or have
          otherwise been eliminated, and the reasons these units opted out or otherwise were lost as section 8 project-based units.]SEC. [222]213. The Secretary of the Department of Housing and Urban Development shall, for fiscal year [2015] 2016, 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 [2015] 2016, 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. 223. Payment of attorney fees in program-related litigation must be paid from the individual program office and Office of General
          Counsel personnel funding. The annual budget submissions for program offices and Office of General Counsel personnel funding
          must include program-related litigation costs for attorney fees as a separate line item request.]SEC. [224]214. The Secretary of the Department of Housing and Urban Development is authorized to transfer up to [5] 10 percent or [$5,000,000] $10,000,000, whichever is less, of the funds appropriated for any [office funded under the heading "Administrative Support Offices" to any other office funded under such heading] account under the headings "Management and Administration", "Program Office Salaries and Expenses" or "Government National
             Mortgage Association" to any other account funded under such headings: Provided, That no appropriation for any [office] account funded under [the heading "Administrative Support Offices"] such headings shall be increased or decreased by more than [5] 10 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 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 heading "Program Office Salaries and Expenses" 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 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. [225]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. [226]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. [227]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, including bonuses, 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 2015.] 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. [228]218. 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. 229. 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
             2015."; and

          (2) in subsection (o), by striking "September" and all that follows through the period at the end and inserting "September 30,
             2015.".][SEC. 230. 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. [231]219. 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 [$2,500,000] $15,000,000 may be transferred to and merged with amounts made available in the "Information Technology Fund" account under this title.[SEC. 232. 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, 2017".][SEC. 233. None of the funds made available by this Act may be used to require or enforce the Physical Needs Assessment (PNA).]SEC. [234]220. The language under the heading Rental Assistance Demonstration in the Department of Housing and Urban Development Appropriations
          Act, 2012 (Public Law 112–55), is amended—
          [(1) by striking "(except for funds allocated under such section for single room occupancy dwellings as authorized by title IV
             of the McKinney-Vento Homeless Assistance Act)" in both places it appears;]
          [(2) in the second proviso, by striking "2015" and inserting "2018";]
          [(3) in the third proviso, after "associated with such conversion", by inserting "in excess of amounts made available under this
             heading";]
          [(4) in the fourth proviso, by striking "60,000" and inserting "185,000";]
          [(5) in the penultimate proviso, by—
             (A) striking "for fiscal years 2012 through December 31, 2014" ;
             (B) striking "and agreement of the administering public housing agency"; and
             (C) inserting "a long-term project-based subsidy contract under section 8 of the Act, which shall have a term of no less than
                20 years, 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, subject to agreement of the administering public housing agency, to assistance under" following "vouchers to assistance
                under";]

          [(6) by inserting the following provisos before the final proviso:" Provided further, That amounts made available under the heading "Rental Housing Assistance" during the period of conversion under the previous
             proviso, which may extend beyond fiscal year 2016 as necessary to allow processing of all timely applications, shall be available
             for project-based subsidy contracts entered into pursuant to the previous proviso: Provided further, That amounts, including contract authority, recaptured from contracts following a conversion under the previous two provisos
             are hereby rescinded and an amount of additional new budget authority, equivalent to the amount rescinded is hereby appropriated,
             to remain available until expended for such conversions: Provided further, That the Secretary may transfer amounts made available under the heading "Rental Housing Assistance", amounts made available
             for tenant protection vouchers under the heading "Tenant-Based Rental Assistance" and specifically associated with any such
             conversions, and amounts made available under the previous proviso as needed to the account under the "Project-Based Rental
             Assistance" heading to facilitate conversion under the three previous provisos and any increase in cost for "Project-Based
             Rental Assistance" associated with such conversion shall be equal to amounts so transferred:"; and]
          [(7) in the final proviso, by—
             (A) striking "with respect to the previous proviso" and inserting "with respect to the previous four provisos"; and
             (B) striking "impact of the previous proviso" and inserting "impact of the fiscal year 2012 and 2013 conversion of tenant protection
                vouchers to assistance under section 8(o)(13) of the Act".]

          (1)  by striking the fourth proviso;
          (2)  in the eighteenth proviso, by inserting "for fiscal years 2012 and hereafter," before "owners of properties assisted under";
                   and
          (3)  in the nineteenth proviso, by striking ", which may extend beyond fiscal year 2016 as necessary to allow processing of all
                   timely applications,". [SEC. 235. None of the funds made available by this Act nor any receipts or amounts collected under any Federal Housing Administration
          program may be used to implement the Homeowners Armed with Knowledge (HAWK) program.][SEC. 236. None of the funds made available in this Act shall be used by the Federal Housing Administration, the Government National
          Mortgage Administration, or the Department of Housing and Urban Development to insure, securitize, or establish a Federal
          guarantee of any mortgage or mortgage backed security that refinances or otherwise replaces a mortgage that has been subject
          to eminent domain condemnation or seizure, by a state, municipality, or any other political subdivision of a state.][SEC. 237. All unobligated balances, including recaptures and carryover, remaining from funds appropriated to the Department of Housing
          and Urban Development under the heading "Brownfields Redevelopment" are hereby permanently rescinded: Provided, That all unobligated balances, including recaptures and carryover, remaining from funds appropriated to the Department of
          Housing and Urban Development under the heading "Drug Elimination Grants for Low Income Housing" are hereby permanently rescinded:
          Provided further, That all unobligated balances, including recaptures and carryover, remaining from funds appropriated to the Department of
          Housing and Urban Development for Youthbuild program activities authorized by subtitle D of title IV of the Cranston-Gonzalez
          National Affordable Housing Act are hereby permanently rescinded.][SEC. 238. Clause (i) of section 3(a)(2)(B) of the United States Housing Act of 1937 (42 U.S.C. 1437a(a)(2)(B)(i)), as amended by section
          210 of the Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2014 (division L of Public
          Law 113–76; 128 Stat. 625), is amended—
          (1) by striking "which shall not be lower" in the matter preceding subclause (I) and all that follows through the end of subclause
             (I) and inserting the following: ''which—

                (I) shall not be lower than 80 percent of—
                (aa) he applicable fair market rental established under section 8(c) of this Act; or
                (bb) at the discretion of the Secretary, such other applicable fair market rental established by the Secretary that the Secretary
                   determines more accurately reflects local market conditions and is based on an applicable market area that is geographically
                   smaller than the applicable market area used for purposes of the applicable fair market rental under section 8(c);

             except that a public housing agency may apply to the Secretary for exception allowing for a flat rental amount for a property
                that is lower than the amount otherwise determined pursuant to item (aa) or (bb) and the Secretary may grant such exception
                if the Secretary determines that the fair market rental for the applicable market area pursuant to item (aa) or (bb) does
                not reflect the market value of the property and the proposed lower flat rental amount is based on a market analysis of the
                applicable market and complies with subclause (II) and";

          (2) in subclause (II), by inserting "shall" before "be designed"; and
          (3) in the matter after and below subclause (II), by striking "Public housing agencies must comply by June 1, 2014, with the requirement
             of this clause, except that if" and inserting "If".][SEC. 239. None of the funds made available by this Act may be used to require the relocation, or to carry out any required relocation,
          of any asset management positions of the Office of Multifamily Housing of the Department of Housing and Urban Development
          in existence as of the date of the enactment of this Act.][SEC. 240. None of the funds made available by this Act may be used to terminate the status of a unit of general local government as
          a metropolitan city (as defined in section 102 of the Housing and Community Development Act of 1974 (42 U.S.C. 5302)) with
          respect to grants under section 106 of such Act (42 U.S.C. 5306).][SEC. 241. 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. 221.  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. 222.   Section 314 of the Department of Housing and Urban Development Appropriations Act, 2006, is repealed. SEC. 223.   Section 9 of the United States Housing Act of 1937 (42 U.S.C. 1437g) is amended—  (1)  in subsection (d), by adding the following new paragraph at the end:

             "(4) Replacement Reserve Account.—A public housing agency receiving funds under this subsection may set aside, pursuant to
                      requirements established by the Secretary, a portion of those funds for a replacement reserve account held by the Department
                      of Treasury.";

          (2)   in subsection (g), by— (A)   striking paragraph (1) and inserting the following new paragraph:

                 "(1) Flexibility of Capital and Operating Fund Amounts.—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 public housing agency may use 30 percent of 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 (4) and inserting the following new paragraph (3):

                "(3) Use of operating reserves.—In addition to the amounts in paragraph (1), 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, may use amounts set aside in operating reserve
                         accounts for purposes under subsection (d)."; and

          (3)   in subsection (j)(4), by adding at the end the following new subparagraph:

             "(C) Capital replacement reserves.—Funds placed in a capital replacement reserve account pursuant to subsection (d)(4) shall
                      not be subject to the obligation and expenditure time limits in paragraphs (1) and (5).".
          SEC. 224.  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. 225.  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. 226.  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. 227.  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. 228. (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. 229.   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. 230.  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 2016 through 2018 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. 231.  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. 232.   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. 233.  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. 234.  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. 235.   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. 236.   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. 237.   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. 238.  Section 221 of the National Housing Act (12 U.S.C. 1715l) is amended by striking subsection (g)(4).  SEC. 239.  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. 240.   Administrative support fee. Section 202 of the National Housing Act (12 U.S.C. 1708) is amended by adding 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, information technology expenses, 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. 241.   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. SEC. 242.   Moving to work expansion.—The Secretary of Housing and Urban Development may increase, pursuant to this section, the number
                of Moving to Work agencies authorized under section 204, title II, of the Departments of Veterans Affairs and Housing and
                Urban Development and Independent Agencies Appropriations Act, 1996 (Public Law 104–134; 110 Stat. 1321) by adding to the
                program up to 15 public housing agencies, for a total of no more than 150,000 housing vouchers and public housing units, over
                three years, in order to test innovative policy approaches to providing housing assistance, and to conduct rigorous evaluations
                to determine the effectiveness of such initiatives. (1)   In general.—Public housing agencies selected under this section, under criteria and program requirements established by Federal
                   Register notice subject to public comment— (A)   shall be high capacity public housing agencies, the definition of which shall include— (I)  a designation as a high performer under the public housing assessment system and the section 8 management assessment program,
                         as applicable; and
                (II)   a voucher utilization rate of at least 90 percent of voucher funds, as defined by the Secretary, for the duration of participation
                         in the program;

             (B)   may include a consortia of public housing agencies of an appropriate size, as determined by the Secretary;
             (C)  shall  represent, to the extent feasible based on eligible applications, a diverse range of public housing agencies in terms of geography
                         and size to allow innovative policies to be tested in different contexts; and

             (D)  shall not receive more funding under sections 8 or 9 of the United States Housing Act of 1937 ("the Act") (42 U.S.C. 1437f
                      and 1437g) than they otherwise would have received absent this designation.

          (2)   Applicability of the United States Housing Act of 1937.—For purposes of this expansion, in addition to the provisions of
                   the Act retained in section 204, the following provisions of the Act shall continue to apply: (A)  the 20 percent portfolio cap on the use of voucher funds for project-based vouchers under section 8(o)(13)(B) of the Act (42
                      U.S.C. 1437f(o)(13)(B)), unless the use of voucher funds for project-based vouchers above the 20 percent cap, but not to exceed
                      35 percent, meets one of the following criteria:  (I)  the project-based vouchers serve homeless or other special needs families, as defined by the Secretary;
                (II)  the project-based vouchers are used in a low-poverty area, as defined by the Secretary; or
                (III)  the project-based vouchers are used in connection with a demonstration of a project-based program that is subject to evaluation
                         by the Secretary;

             (B)  the ability of families with project-based vouchers to move, using tenant-based vouchers, after 12 months of occupancy under
                      section 8(o)(13)(E) of the Act, unless the Secretary determines that waiver of this section is necessary to implement transitional
                      or time-limited housing policies subject to evaluation by the Secretary;
             (C)  the portability of vouchers for families under section 8(r)(1) of the Act unless the Secretary determines that waiver of this
                      section is necessary to implement comprehensive rent reform and occupancy policies subject to evaluation by the Secretary,
                      and the waiver contains, at a minimum, exceptions for requests to port due to employment, education, health and safety; and

             (D)  the following sections of the Act:  (I)  section 2(b) (42 U.S.C. 1437(b)) relating to tenant representatives on the public housing agency board of directors;
                (II)  section 3(b)(2) (42 U.S.C. 1437a(b)(2)) relating to definitions for the terms 'low-income families,' 'very low-income families,'
                         and 'extremely low-income families';
                (III)   section 5A(e) (42 U.S.C. 1437c-1(e)) relating to the formation of and consultation with a resident advisory board;
                (IV)  sections 6(f)(1) and 8(o)(8)(B) (42 U.S.C. 1437d(f)(1), 1437f(o)(8)(B)), relating to compliance of units assisted with housing
                         quality standards or other codes;
                (V)  section 6(k) (42 U.S.C. 1437d(k)) relating to grievance procedures for public housing tenants;
                (VI)  section 7 (42 U.S.C. 1437e) relating to designation of housing for elderly and disabled households); and
                (VII)  sections 8(ee) and 6(u) (42 U.S.C. 1437f(ee), 1437d(n)) relating to records, certification and confidentiality regarding domestic
                         violence; and

             (E)  the following requirements applicable to resident councils and jurisdiction-wide resident organizations:  (I)  establishment of resident councils and resident organizations under section 20 of the Act;
                (II)  minimum amount of public housing agency support for such councils and organizations under Section 20 of the Act; and
                (III)  involvement of such councils and organizations in public housing agency operations, as authorized under sections 3(c)(2),
                         6(c)(5)(C), and 9(e) of the Act (42 U.S.C. 1437a(c)(2), 1437d(c)(5)(C), 1437g(e)).

          (3)  Resident Involvement.—The initial application and annual plan submitted by the public housing agencies under this expansion
                   shall be submitted to the Secretary only after—  (A)  being made available for public comment for at least 30 days;
             (B)  providing for citizen participation, including at least one documented public hearing; and
             (C)  the Board of Commissioners, or Board of Directors, has approved the application or plan no less than 15 days after the public
                      hearing in order to carefully consider the public comments.

          (4)  Evaluation.— Participating public housing agencies shall comply with all reporting and evaluation requirements, as established
                   by the Secretary. SEC. 243.   Section 3(a) of the United States Housing Act of 1937 (42 U.S.C. 1437a(a)) is amended by adding at the end the following
                new paragraph:  "(6) Reviews of family income.—
           "(A) Frequency.—Reviews of family income for purposes of this section shall be made—
           "(i) in the case of all families, upon the initial provision of housing assistance for the family; and
           "(ii) no less than annually thereafter, except as provided in subparagraph (B)(i);
          "(B) Fixed-income families.—
          "(i) Self certification and 3-year review.—In the case of any family described in clause (ii), after the initial review of
                   the family's income pursuant to subparagraph (A)(i), the public housing agency or owner shall not be required to conduct a
                   review of the family's income pursuant to subparagraph (A)(ii) for any year for which such family certifies, in accordance
                   with such requirements as the Secretary shall establish, that the income of the family meets the requirements of clause (ii)
                   of this subparagraph and that the sources of such income have not changed since the previous year, except that the public
                   housing agency or owner shall conduct a review of each such family's income not less than once every 3 years.
          "(ii) Eligible families.—A family described in this clause is a family who has an income, as of the most recent review pursuant
                   to subparagraph (A) or clause (i) of this subparagraph, of which 90 percent or more consists of fixed income, as such term
                   is defined in clause (iii).
          "(iii) Fixed income.—For purposes of this subparagraph, the term 'fixed income' includes income from—
          "(I) the supplemental security income program under title XVI of the Social Security Act, including supplementary payments
                   pursuant to an agreement for Federal administration under section 1616(a) of the Social Security Act and payments pursuant
                   to an agreement entered into under section 212(b) of Public Law 93–66;
           "(II) Social Security payments;
          "(III) Federal, State, local and private pension plans; and
          "(IV) other periodic payments received from annuities, insurance policies, retirement funds, disability or death benefits,
                   and other similar types of periodic receipts that are of substantially the same amounts from year to year.
           "(C) Inflationary adjustment for fixed income families.—
          "(i) In general.—In any year in which a public housing agency or owner does not conduct a review of income for any family
                   described in clause (ii) of subparagraph (B) pursuant to the authority under clause (i) of such paragraph to waive such a
                   review, such family's prior year's income determination shall, subject to clauses (ii) and (iii), be adjusted by applying
                   an inflationary factor as the Secretary shall, by regulation or notice, establish.
          "(ii) Exemption from adjustment.—A public housing agency or owner may exempt from an adjustment pursuant to clause (i) any
                   income source for which income does not increase from year to year.".SEC. 244.   Utilities Conservation Pilot.  (a)   Establishment.—The Secretary of Housing and Urban Development may establish, through notice, a demonstration program to incent
                   public housing agencies, as defined in section 3(b)(6) of the United States Housing Act of 1937 (in this section referred
                   to as "the Act"), to implement measures to reduce their energy and water consumption.
          (b)  Eligibility.—Public housing agencies that operate public housing programs that meet the demonstration requirements, as determined
                   by the Secretary, shall be eligible for participation in the demonstration.
          (c)  Incentive.—The Secretary may provide an incentive as follows to an eligible public housing agency that uses capital funds,
                   operating funds, grants, utility rebates, and other resources to reduce its energy and/or water consumption in accordance
                   with a plan approved by the Secretary.  (1)  Base Utility Consumption Level.—The initial base utility consumption level under the approved plan shall be set at the public
                      housing agency's rolling base consumption level immediately prior to the installation of energy conservation measures.
             (2)   First Year Utility Cost Savings.—For the first year that an approved plan is in effect, the Secretary shall allocate the
                      utility consumption level in the public housing operating fund using the base utility consumption level.
             (3)   Subsequent Year Savings.—For each subsequent year that the plan is in effect, the Secretary shall decrease the utility consumption
                      level by one percent of the initial base utility consumption level per year until the utility consumption level equals the
                      public housing agency's actual consumption level that followed the installation of energy conservation measures, at which
                      time the plan will terminate.
             (4)  Use of Utility Cost Savings.—The public housing agency may use the funds resulting from the energy conservation measures,
                      in accordance with paragraphs (2) and (3), for either operating expenses, as defined by section 9(e)(1) of the Act, or capital
                      improvements, as defined by section 9(d)(1) of the Act.
             (5)  Duration of Plan.—The length in years of the utility conservation plan shall not exceed the number of percentage points in
                      utility consumption reduction a public housing agency achieves through the energy conservation measures implemented under
                      this demonstration, but in no case shall it exceed 20 years.
             (6)   Other Requirements.—The Secretary may establish such other requirements as necessary to further the purposes of this demonstration.
             (7)   Evaluation.—Each public housing agency participating in the demonstration shall submit to the Secretary such performance
                      and evaluation reports concerning the reduction in energy consumption and compliance with the requirements of this section
                      as the Secretary may require.

          (d)  Termination.—Public housing agencies may enter into this demonstration for 5 years after the date on which the demonstration
                   program is commenced. SEC. 245.  Section 242(i) of the National Housing Act (12 U.S.C. 1715z-7(i)(1)) is amended by striking "(i) Termination of exemption
                for critical access hospitals" and all that follows through "(2)" and redesignating paragraphs (2)(A) and (B) as paragraphs
                (1) and (2), respectively. SEC. 246.   Title V of the National Housing Act is amended by striking section 521 (12 U.S.C. 1735e). SEC. 247.   Temporary authority to transfer housing under supportive housing for persons with disabilities.—  (a)  Authority.—Subject to the conditions in subsection (d), the Secretary of Housing and Urban Development (hereafter referred
                   to as "Secretary") may authorize, in response to requests received in fiscal years 2016 through 2020, the transfer of some
                   or all project-based assistance, tenant-based assistance, capital advances, debt, and statutorily required use restrictions
                   from housing assisted under section 811 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 8013) to other
                   new or existing housing, which may include projects, units, and other types of housing, as permitted by the Secretary.
          (b)  Capital advances.—Interest shall not be due and repayment of a capital advance shall not be triggered by a transfer pursuant
                   to this section.
          (c)   Phased and proportional transfers.—  (1)  Transfers under this section may be done in phases to accommodate the financing and other requirements related to rehabilitating
                      or constructing the housing to which the assistance is transferred, to ensure that such housing meets the conditions under
                      subsection (d).
             (2)  The capital advance repayment requirements, use restrictions, rental assistance, and debt shall transfer proportionally from
                      the transferring housing to the receiving housing.

          (d)  Conditions.—The transfers authorized by this section shall be subject to the following conditions:  (1)  the owner of the transferring housing shall demonstrate that the transfer is in compliance with applicable Federal, State,
                      and local requirements regarding housing for persons with disabilities and shall provide the Secretary with evidence of obtaining
                      any approvals related to housing disabled persons that are necessary under Federal, State, and local government requirements;

             (2)   the owner of the transferring housing shall demonstrate to the Secretary that any transfer is in the best interest of the
                      disabled residents by offering opportunities for increased integration or less concentration of individuals with disabilities;
             (3)   the owner of the transferring housing shall continue to provide the same number of units as approved for rental assistance
                      by the Secretary in the receiving housing;
             (4)   the owner of the transferring housing shall consult with the disabled residents in the transferring housing about any proposed
                      transfer under this section and shall notify the residents of the transferring housing who are eligible for assistance to
                      be provided in the receiving housing that they shall not be required to vacate the transferring housing until the receiving
                      housing is available for occupancy;
             (5)   the receiving housing shall meet or exceed applicable physical standards established or adopted by the Secretary; and
             (6)   if the receiving housing has a mortgage insured under title II of the National Housing Act, any lien on the receiving housing
                      resulting from additional financing shall be subordinate to any federally insured mortgage lien transferred to, or placed
                      on, such housing, except that the Secretary may waive this requirement upon determination that such a waiver is necessary
                      to facilitate the financing of acquisition, construction, or rehabilitation of the receiving housing.

          (e)  Public notice.—The Secretary shall publish a notice in the Federal Register of 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. SEC. 248.   Authorization to participate in the origination of FHA-insured loans. Section 203(b) of the National Housing Act (12 U.S.C.
                1709(b)) is amended by striking paragraph (1) and inserting the following new paragraph: "(1) Have been made to a mortgagee approved by the Secretary or to a person or entity authorized by the Secretary under section
                   203(d)(1) to participate in the origination of the mortgage, and be held by a mortgagee approved by the Secretary as responsible
                   and able to service the mortgage properly.".SEC. 249.   Review of mortgagee performance.— Section 533 of the National Housing Act (12 U.S.C. 1735f-11) is amended— (1)   by amending subsection (a) to read as follows:

             "(a) Periodic review of mortgagee performance.—To reduce losses in connection with single family mortgage insurance programs
                      under this Act, at least once a year the Secretary shall review the performance of insured single family mortgages originated,
                      underwritten or serviced by each mortgagee.";

          (2)   by amending subsection (b) to read as follows:

             "(b) Comparison with other mortgagees.—In conducting the review required under subsection (a), for each mortgagee the Secretary
                      may compare the performance of insured single family mortgage loans originated, underwritten, or serviced by the mortgagee
                      or its sub-servicer with the performance of other mortgagees originating, underwriting, or servicing insured single family
                      mortgage loans. The Secretary may make this comparison on any basis the Secretary determines appropriate, such as geographic
                      area, varying underwriting and servicing standards, or populations served. The Secretary may implement such comparison through
                      regulations, notice, Mortgagee Letter, or other administrative issuance.";

          (3)   in subsection (c)—  (A)   by amending the title to by inserting "and servicer" following "origination";
             (B)   by striking paragraph (1) and inserting the following:

                "(1) Termination Authority.—Notwithstanding section 202(c), the Secretary may terminate the approval in whole or in part of
                         a mortgagee to originate, underwrite, or service single family mortgages if the Secretary determines that the mortgage loans
                         originated, underwritten, or serviced by the mortgagee present an unacceptable risk to the insurance funds. The determination
                         shall be based on the comparison required under subsection (b) of this section and shall be made in accordance with regulations,
                         notice, Mortgagee Letter, or other administrative issuance of the Secretary."; and

             (C)  in paragraph (2)—  (i)  by inserting

                 "Procedure.—" prior to "The Secretary shall give"; and

                (ii) in the fourth sentence, by striking "excessive default and claim rate" and inserting "unacceptable performance".

          SEC. 250.   Indemnification by mortgagees (a)   Section 202 of the National Housing Act (12 U.S.C. 1708) is amended by adding at the end the following new clause:

              "(i) Indemnification by Mortgagees.—

             "(1) In general.—If the Secretary determines that a mortgage executed by a mortgagee approved by the Secretary under the direct
                      endorsement program or insured by a mortgagee pursuant to the delegation of authority under section 256 was not originated
                      or underwritten in accordance with the requirements established by the Secretary, and the Secretary pays an insurance claim
                      with respect to the mortgage within a reasonable period specified by the Secretary, the Secretary may require the mortgagee
                      approved by the Secretary under the direct endorsement program or the mortgagee delegated authority under section 256 to indemnify
                      the Secretary for the loss.

             "(2) Fraud or misrepresentation.—If fraud or misrepresentation was involved in connection with the origination or underwriting,
                      the Secretary may require the mortgagee approved by the Secretary under the direct endorsement program or the mortgagee delegated
                      authority under section 256 to indemnify the Secretary for the loss regardless of when an insurance claim is paid.

              "(3) Requirements and procedures.—The Secretary shall issue regulations establishing appropriate requirements and procedures
                      governing the indemnification of the Secretary by the mortgagee.";

          (b)  Section 256 of the National Housing Act (12 U.S.C. 1715z-21) is amended— (1)  by striking subsection (c);
             (2)  in subsection (e), by striking ", including'' and all that follows through "by the mortgagee''; and
             (3)  by redesignating subsections (d) and (e) as subsections (c) and (d), respectively.
          SEC. 251.   Statistical methodology. Section 202 of the National Housing Act (12 U.S.C. 1708) is amended by adding the following new
                subsection:  "(j) Statistical methodology.—In order to further reduce risk to the single family mortgage insurance programs under Title
                   I and Title II of this Act due to originating, underwriting, and compliance risk, the Secretary may, through regulation, establish
                   a statistically valid sampling method to extrapolate defect rates in loans insured under this Act."SEC. 252.   Short sales for FHA-insured Mortgages. Section 204(a)(1) of the National Housing Act (12 U.S.C. 1710(a)(1)) is amended—  (1)  in subparagraph (C) by striking "at foreclosure"; and
          (2)  in subparagraph (D) by inserting "or imminent default" after the word "default". SEC. 253.  Use of government-financed downpayment assistance.  Section 203(b)(9)(C) of the National Housing Act (12 U.S.C. 1709) is amended to read as follows:
          "(C) Prohibited sources.—Except as provided in subparagraph (D), in no case shall the funds required by subparagraph (A) consist,
                   in whole or in part, of funds provided by any of the following parties before, during, or after closing of the property sale:
           "(i) The seller or any other person or entity that financially benefits from the transaction.
          "(ii) Any third party or entity that is reimbursed, directly or indirectly, by any of the parties described in clause (i).
           "(D) Government assistance.—For purposes of this paragraph, the Secretary may consider as cash or its equivalent any amounts
                   borrowed from or provided by any entity authorized to provide secondary financing under section 528 of this Act, under such
                   terms and conditions as may be prescribed by the Secretary, through notice, mortgagee letter, or rule.
           "This subparagraph shall apply only to mortgages for which the mortgagee has issued credit approval for the borrower on or
                   after October 1, 2008.".SEC. 254.  Transfer of mortgage servicing duties (a)   In General.—Title II of the National Housing Act (12 U.S.C. 1707 et seq.) is amended by adding at the end the following new
                   section:

             "SEC. 259. Delegation of mortgage servicing duties.

              "(a) In general.—For any mortgage or pool of mortgages insured under this title and in accordance with any published terms
                      and conditions of the Secretary, the Secretary may require the servicer of any such mortgage or group of mortgages to enter
                      into a subservicing arrangement with any independent specialty servicer approved by the Secretary.

              "(b) Delegation requirements.—Prior to mandating any subservicing arrangement under this section, the Secretary (a) shall—

             "(1) set forth with clarity the performance conditions of a servicer that would warrant or necessitate the use of the authority
                      granted to the Secretary under this section;

             "(2) require that the performance condition warranting or necessitating the use of such authority be based on serious or material
                      failures to comply with requirements of the Secretary;

             "(3) require that any servicer whose servicing duties are subject to this section be provided a reasonable amount of time,
                      provided that such time does not present an increase in risk to the Mutual Mortgage Insurance Fund, to rebut, address, or
                      correct any determination of the Secretary regarding a performance condition described under paragraph (1);

             "(4) only permit the Secretary to carry out the authority granted under this section upon expiration of the time-period allowed
                      under paragraph (3);

             "(5) limit the scope of the authority exercised under this subsection to mortgages that share similar underwriting, borrower,
                      or performance characteristics as established by the Secretary;

             "(6) ensure that the scope of any such authority is not applied broadly and without further limitation; and

             "(c) Nothing in this subsection may be construed to limit the exercise of authority by the Secretary or the Mortgagee Review
                      Board for violations of any requirement of the Secretary.".

          (b)   Applicability.—The amendment made by this section shall only apply to mortgages insured under title II of the National Housing
                   Act (12 U.S.C. 1707 et seq.) that were originated on or after the date of enactment of this Act. SEC. 255.   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) by amending that subsection 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 homeowner to satisfy the loan obligation is deferred until the death
                      of the homeowner, the sale of the home, or the occurrence of other events specified in regulations of the Secretary. The Secretary
                      may, within his sole discretion, provide for further deferrals. 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. 256.   Increase in set-aside of CDBG assistance for United States-Mexico Border region.— Section 916(a)(2) of the Cranston-Gonzalez
                National Affordable Housing Act (42 U.S.C. 5306 note) is amended by striking "10" and inserting "15".  SEC. 257.   Use of unutilized or underutilized public buildings and real properties to assist the homeless. Section 501 of the McKinney-Vento
                Homeless Assistance Act (42 U.S.C. 11411) is amended— (1)  in subsection (a), by adding at the end the following new sentence: "Agencies shall not be required to submit information
                   to the Secretary regarding properties located in an area for which the general public is denied access in the interest of
                   national security or any buildings or structures that are excess or surplus or that are described as underutilized or unutilized,
                   that are on land owned by a landholding agency where the underlying land is not excess, surplus, or that is described as underutilized
                   or unutilized.";
          (2)   in subsection (c)(1)(A), by adding the following after "in the Federal Register": ", in a searchable database on the Web
                   site of the appropriate Government agency, or through other electronic means, as determined by the Secretary"; and
          (3)  in subsection (d)(3), by adding at the end the following new sentence: "If no such review of the determination is requested
                   within the 20-day period, such property will not be included in subsequent publications unless the landholding agency makes
                   modifications to the property that would affect its suitability and the Secretary subsequently determines the property is
                   suitable.". SEC. 258.   Section 24(m)(3) of the United States Housing Act of 1937 (42 U.S.C. 1437v(m)(3)) is amended by striking "shall" and inserting
                "may". SEC. 259.  Evaluation Funding Flexibility Pilot.  Amounts made available under this Act which are either appropriated, allocated, advanced on a reimbursable basis, or transferred
                   to the Office of Policy Development and Research in the Department of Housing and Urban Development and functions thereof,
                   for research, evaluation, or statistical purposes, and which are unexpended at the time of completion of a contract, grant,
                   or cooperative agreement, may be deobligated and shall immediately become available and may be reobligated in that fiscal
                   year or the subsequent fiscal year for the research, evaluation, or statistical purposes for which the amounts are made available
                   to that Office. (Department of Housing and Urban Development Appropriations Act, 2015.)