Residential Care Facilities Mortgage Insurance Program: Opportunities to Improve Program and Risk Management

United States. Government Accountability Office.

United States. Government Accountability Office.

关键词: Government accountability -- United States.;    housing;    worker and family assistance;    residential care facilities mortgage insurance program;    letter report;   

RP-ID  :  GAO-06-515
RP-ID  :  250197

美国|英语

来源: UNT Digital Library

【 摘 要 】

A letter report issued by the Government Accountability Office with an abstract that begins "Through its Section 232 program, the Department of Housing and Urban Development's (HUD) Federal Housing Administration (FHA) insures approximately $12.5 billion in mortgages for residential care facilities. In response to a requirement in the 2005 Consolidated Appropriations Conference Report and a congressional request, GAO examined (1) HUD's management of the program, including loan underwriting and monitoring; (2) the extent to which HUD's oversight of insured facilities is coordinated with the states' oversight of quality of care; (3) the financial risks the program poses to HUD's General Insurance/Special Risk Insurance (GI/SRI) Fund; and (4) how HUD estimates the annual credit subsidy cost for the program."