Rental Housing: Distribution and Use of FmHA's Rural Rental Housing
Program Funds (Letter Report, 06/01/94, GAO/RCED-94-141).

The Housing Act of 1949 created the Rural Rental Housing Program to
provide affordable housing for lower-income households. With annual
appropriations of about $574 million for fiscal years 1992 and 1993, the
program provides low-interest loans to borrowers to build and
rehabilitate affordable housing projects in rural areas. This report
discusses the (1) Farmers Home Administration's (FmHA) procedures for
allocating funds to states and selecting projects within states and
whether these procedures have caused project concentration in a
relatively small number of states; (2) extent to which FmHA's allocation
and project award procedures reflect actual housing needs; (3) extent to
which states have used program funds, including the amount of unused
funds that have been reallocated to other states; and (4) size and
status of the rural rental housing portfolio as of September 30, 1992.

--------------------------- Indexing Terms -----------------------------

 REPORTNUM:  RCED-94-141
     TITLE:  Rental Housing: Distribution and Use of FmHA's Rural Rental 
             Housing Program Funds
      DATE:  06/01/94
   SUBJECT:  Federal/state relations
             Program abuses
             Rental housing
             Low income housing
             Federal aid for housing
             Appropriated funds
             Funds management
             Allocation (Government accounting)
             Property improvement loans
             Rural housing programs
IDENTIFIER:  FmHA Rural Rental Housing Program
             FmHA Section 515 Program
             FmHA Rural Rental Assistance Program
             HUD Section 8 Housing Assistance Program
             Pennsylvania
             California
             South Dakota
             FmHA Rural Housing Targeting Set-Aside Program
             
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