United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2004-01-30 monographic deposited born digital 52 p. GA 1.13:GAO-04-208 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-04-208 P0b002ee180391da4 f:d04208 DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-04-208 machine generated eng fdlp REPORT GAOREPORTS-GAO-04-208 GAO-04-208 Administrative costs Cost analysis Excess profits Housing programs Low income housing Monitoring Nonprofit organizations Program abuses Program evaluation HUD Discount Sales Program Other Written Product A09166

In 2001, the Department of Housing and Urban Development's (HUD) Inspector General reported on serious problems in HUD's Discount Sales Program, under which nonprofit organizations purchase HUD-owned properties at a discount, rehabilitate them, and resell them to low- and moderate-income homebuyers. The objectives of the program are to expand affordable housing opportunities, help revitalize neighborhoods, and reduce HUD's property inventory in a timely, efficient, and cost-effective manner. Although the Inspector General recommended that the agency suspend the program and evaluate its viability, HUD did neither. GAO was asked to assess (1) the costs of the program to HUD, (2) the benefits of the program to homebuyers, and (3) HUD's efforts to monitor participating nonprofits and enforce program requirements. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-04-208/html/GAOREPORTS-GAO-04-208.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-04-208/pdf/GAOREPORTS-GAO-04-208.pdf GAO-04-208 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-04-208 Other Written Product GAO-04-208; Single-Family Housing: Cost, Benefit, and Compliance Issues Raise Questions about HUD's Discount Sales Program; Administrative costs Cost analysis Excess profits Housing programs Low income housing Monitoring Nonprofit organizations Program abuses Program evaluation HUD Discount Sales Program Title 12 Section 1710(g) 12 U.S.C. 1710(g)