Federally Assisted Housing: Expanding HUD's Options for Dealing with
Physically Distressed Properties (Testimony, 10/06/94, GAO/T-RCED-95-38).

Under its Section 8 project-based assisted housing programs, the
Department of Housing and Urban Development (HUD) pays part of the rent
for low-income families living in privately owned rental housing. HUD
provides this assistance for more than 20,000 privately owned properties
nationwide at an estimated annual cost of $5.8 billion. The mortgages
for about half of these properties are also insured or held by HUD. This
testimony (1) compares the costs of rehabilitating two properties in
poor physical condition--Edgewood Terrace Apartments in Washington,
D.C., and 6000 South Indiana Apartments in Chicago--with the costs of
other alternatives for housing the tenants, (2) discusses the views of
tenants and community leaders on these options, and (3) identifies
legislative and administrative factors limiting HUD's discretion in
dealing with physically distressed properties.

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

 REPORTNUM:  T-RCED-95-38
     TITLE:  Federally Assisted Housing: Expanding HUD's Options for 
             Dealing with Physically Distressed Properties
      DATE:  10/06/94
   SUBJECT:  Housing programs
             Low income housing
             Federal aid for housing
             Impacted areas
             Cost analysis
             Declining neighborhoods
             Building codes
             Maintenance standards
             Comparative analysis
             Housing repairs
IDENTIFIER:  HUD Section 8 Substantial Rehabilitation Program
             District of Columbia
             Chicago (IL)
             HUD Section 8 New Housing Construction Program
             HUD Property Disposition Program
             HUD Section 8 Loan Management Set-Aside Program
             HUD Flexible Subsidy Program
             HUD Below Market Interest Rate Program
             HUD Mortgage Insurance and Interest Reduction Payments 
             Program
             HUD Section 8 Housing Assistance Program
             
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