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 2007-10-17 monographic deposited born digital 23 p. GA 1.13:GAO-08-199T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-08-199T P0b002ee180397318 f:d08199t DGPO 2010-08-12 2011-03-28 GAOREPORTS-GAO-08-199T machine generated eng fdlp REPORT GAOREPORTS-GAO-08-199T GAO-08-199T Contract administration Contract terms Funds management Government contracts Housing Housing programs Internal controls Late payments Low income housing Program evaluation Records management Schedule slippages Subsidies Contract mismanagement Testimony A77388 The Department of Housing and Urban Development (HUD) provides subsidies, known as housing assistance payments, under contracts with privately owned, multifamily projects so that they are affordable to low-income households. Project owners have expressed concern that HUD has chronically made late housing assistance payments in recent years, potentially compromising owners' ability to pay operating expenses, make mortgage payments, or set aside funds for repairs. This testimony, based primarily on a report issued in 2005, discusses the timeliness of HUD's monthly housing assistance payments, the factors that affected payment timeliness, and the effects of delayed payments on project owners. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-08-199T/html/GAOREPORTS-GAO-08-199T.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-08-199T/pdf/GAOREPORTS-GAO-08-199T.pdf GAO-08-199T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-08-199T Testimony GAO-08-199T; Project-Based Rental Assistance: HUD Should Streamline Its Processes to Ensure Timely Housing Assistance Payments; Contract administration Contract terms Funds management Government contracts Housing Housing programs Internal controls Late payments Low income housing Program evaluation Records management Schedule slippages Subsidies Contract mismanagement Volume 111 Page 1384 111 Stat. 1384