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 <subject>Federal aid for housing</subject>
 <subject>Housing programs</subject>
 <subject>Low income housing</subject>
 <subject>Mortgage loans</subject>
 <subject>Rent subsidies</subject>
 <subject>Rental housing</subject>
 <subject>Rental rates</subject>
 <subject>Data bases</subject>
 <subject>Incentives</subject>
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<titleInfo>
 <title>Multifamily Housing: More Accessible HUD Data Could Help Efforts to Preserve Housing for Low-Income Tenants</title>
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<abstract>The Department of Housing and Urban Development (HUD) has
subsidized the development of about 1.7 million rental units in  
over 23,000 privately owned properties by offering owners	 
favorable long-term mortgage financing, rental assistance	 
payments, or both in exchange for owners&apos; commitment to house	 
lowincome tenants. When owners pay off mortgages--the mortgages  
&quot;mature&quot;--the subsidized financing ends, raising the possibility 
of rent increases. Based on a report issued in January 2004, this
testimony discusses (1) the number and selected characteristics  
of HUD-subsidized rental properties with mortgages scheduled to  
mature in the next 10 years, (2) the potential impact on tenants 
upon mortgage maturity, and (3) the tools and incentives that	 
HUD, the states, and localities offer owners to keep HUD	 
properties affordable upon mortgage maturity.</abstract>
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<identifier type="preferred citation">GAO-04-992T</identifier>
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<note>Testimony</note>
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 <searchTitle>GAO-04-992T; Multifamily Housing: More Accessible HUD Data Could Help Efforts to Preserve Housing for Low-Income Tenants;
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<subject>
 <topic>Federal aid for housing</topic>
 <topic>Housing programs</topic>
 <topic>Low income housing</topic>
 <topic>Mortgage loans</topic>
 <topic>Rent subsidies</topic>
 <topic>Rental housing</topic>
 <topic>Rental rates</topic>
 <topic>Data bases</topic>
 <topic>Incentives</topic>
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