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<classification authority="sudocs">GA 1.13:T-RCED-94-148</classification>
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 <subject>Community development</subject>
 <subject>Grant administration</subject>
 <subject>Interagency relations</subject>
 <subject>Housing programs</subject>
 <subject>Rental housing</subject>
 <subject>Federal property management</subject>
 <subject>Loan defaults</subject>
 <subject>Economic development</subject>
 <subject>Low income housing</subject>
 <subject>Proposed legislation</subject>
 <identifier>Community Development Block Grant</identifier>
 <identifier>Urban Development Action Grant</identifier>
 <identifier>HUD Section 8 Certificate Program</identifier>
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<titleInfo>
 <title>Housing Issues: The Housing and Community Development Act of 1994</title>
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<abstract>H.R. 3838, the Housing and Community Development Act of 1994, addresses
a number of issues that GAO has identified in its housing work. For
example, it contains provisions that could reduce the potential for
defaults or foreclosures in three government-sponsored loan programs:
the Department of Housing and Urban Development&apos;s (HUD) insured
multifamily loans, HUD-guaranteed Community Development Block Grant
loans, and the Farmers Home Administration&apos;s rural housing loans. It
would improve HUD&apos;s efficiency in assisting lower-income households by
merging the HUD tenant-based certificate and voucher assistance
programs. It also authorizes more funding for homelessness assistance
programs. On the other hand, GAO is concerned about how the certificate
and voucher assistance programs and the homeless assistance programs can
best be structured to meet the needs of program recipients while
minimizing administrative burdens on HUD staff and program recipients.
Congressional monitoring of both the Community Development Block Grant
and HUD&apos;s multifamily loan programs will ensure that continued
delinquencies, defaults, and foreclosures do not threaten the program&apos;s
effectiveness.</abstract>
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<note>Testimony</note>
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<subject>
 <topic>Community development</topic>
 <topic>Grant administration</topic>
 <topic>Interagency relations</topic>
 <topic>Housing programs</topic>
 <topic>Rental housing</topic>
 <topic>Federal property management</topic>
 <topic>Loan defaults</topic>
 <topic>Economic development</topic>
 <topic>Low income housing</topic>
 <topic>Proposed legislation</topic>
 <topic>Community Development Block Grant</topic>
 <topic>Urban Development Action Grant</topic>
 <topic>HUD Section 8 Certificate Program</topic>
 <topic>HUD Section 8 Voucher Program</topic>
 <topic>HUD Section 8 Rental Assistance Program</topic>
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