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 2007-05-25 monographic deposited born digital 29 p. GA 1.13:GAO-07-768R https://www.govinfo.gov/app/details/GAOREPORTS-GAO-07-768R P0b002ee180375a5b f:d07768r DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-07-768R machine generated eng fdlp REPORT GAOREPORTS-GAO-07-768R GAO-07-768R Community development programs Economic development Federal aid for housing Federal funds Government guaranteed loans Grants Housing Housing programs Lending institutions Program evaluation Urban development programs Stakeholder consultations HUD Section 108 Loan Program Correspondence A69950

Each year the federal government funds numerous affordable housing and community and economic development initiatives through an array of programs, such as the Department of Housing and Urban Development's (HUD) Section 108 Loan Guarantee (Section 108) program. Yet, the need for federal money to fund these initiatives has continued to grow, while the federal budget increasingly has been strained by other competing funding priorities. To help finance their initiatives and achieve program goals, recipients of funding under these federal programs often have combined or "leveraged" their funds with other federal, state, local, and private sector resources. While leveraging is generally recognized favorably by public and private sector officials, its use in federal programs has not been widely analyzed. This report responds, in part, to Congress's request that we examine leveraging as it relates to federal housing, community, and economic development programs. Specifically, this interim report (1) examines the perspectives of stakeholders--government and industry officials, academics, and others with knowledge of or experience with leveraging--on the use, implications, and measurement of leveraging in housing and community and economic development programs and (2) describes the type of data HUD collects that could be used to determine the extent of leveraging in the Section 108 program. Additionally, enclosure II describes how federal funds may have been or could be leveraged in the Section 108 program. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-07-768R/html/GAOREPORTS-GAO-07-768R.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-07-768R/pdf/GAOREPORTS-GAO-07-768R.pdf GAO-07-768R https://www.govinfo.gov/app/details/GAOREPORTS-GAO-07-768R Correspondence GAO-07-768R; Leveraging Federal Funds for Housing, Community, and Economic Development; Community development programs Economic development Federal aid for housing Federal funds Government guaranteed loans Grants Housing Housing programs Lending institutions Program evaluation Urban development programs Stakeholder consultations HUD Section 108 Loan Program Title 42 Section 5318 42 U.S.C. 5318 Public Law 103-325