Public Housing: Information on Backlogged Modernization Funds (Fact
Sheet, 07/15/94, GAO/RCED-94-217FS).

GAO was asked to review the extent to which funds appropriated by
Congress to modernize the nation's public housing are not being spent in
a timely manner. This fact sheet discusses the extent of, reasons for,
and federal and local efforts to reduce the accumulation of unobligated
modernization funds.  In summary, through fiscal year 1994, the Congress
has appropriated approximately $9.3 billion that either has not been
approved for local use by the Department of Housing and Urban
Development or which public housing authorities have not obligated for
modernization projects.

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

 REPORTNUM:  RCED-94-217FS
     TITLE:  Public Housing: Information on Backlogged Modernization 
             Funds
      DATE:  07/15/94
   SUBJECT:  Public housing
             Federal aid for housing
             Housing repairs
             Unobligated budget balances
             Appropriated funds
             Procurement procedures
             Funds management
             Budget obligations
             Compliance
IDENTIFIER:  HUD Comprehensive Grant
             HUD Comprehensive Improvement Assistance Program
             New York (NY)
             Philadelphia (PA)
             District of Columbia
             HUD Public Housing Management Assessment Program
             
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