Multifamily Housing (1 - 6 of 6 items)
Employment of OMHAR Staff at HUD Following Their Employment at OMHAR
GAO-03-703R: Published: Jun 30, 2003. Publicly Released: Jun 30, 2003.
To reduce the estimated multibillion-dollar costs to the federal government of renewing rental subsidy contracts while helping preserve available and affordable low-income rental housing, Congress passed the Multifamily Assisted Housing Reform and Affordability Act of 1997 (Act), which established the "mark-to market" program to restructure the contracts. The Act also created the Office of Multifa...
Multifamily Housing: Physical and Financial Condition of Mark-to-Market At-Risk Properties
GAO-02-953: Published: Sep 6, 2002. Publicly Released: Sep 6, 2002.
In 1997, Congress established the mark-to-market program to help preserve the availability and affordability of low-income rental housing while also reducing the cost to the federal government of rental assistance provided to low-income households. The mark-to-market program was developed for multifamily properties that are both insured by the Federal Housing Administration (FHA) in the Department...
Multifamily Housing: Issues Related to Mark-to-Market Program Reauthorization
GAO-01-800: Published: Jul 11, 2001. Publicly Released: Jul 11, 2001.
The Office of Multifamily Housing Assistance Restructuring (OMHAR) administers the mark-to-market program, which was created to preserve the affordability of low-income rental housing while reducing the long-term costs of Section 8 project-based assistance. Legislative authorization for both the mark-to-market program and OMHAR is scheduled to terminate on September 30, 2001. If the legislative au...
Multifamily Housing: HUD's Restructuring Office's Actions to Implement the Mark-to-Market Program
RCED-00-21: Published: Jan 20, 2000. Publicly Released: Jan 20, 2000.
Pursuant to a congressional request, GAO reviewed the development of the Office of Multifamily Housing Assistance Restructuring's (OMHAR) mark-to-market program and the relationship between OMHAR and other Department of Housing and Urban Development's (HUD) offices, focusing on: (1) OMHAR's progress in obtaining staffing resources to implement the program; (2) the status of OMHAR's progress on sev...
Multifamily Housing: Progress Made in Establishing HUD's Office of Multifamily Housing Assistance Restructuring
RCED-99-5: Published: Oct 27, 1998. Publicly Released: Oct 27, 1998.
Pursuant to a legislative requirement, GAO reviewed the status of the Office of Multifamily Housing Assistance Restructuring's (OMHAR) development, focusing on: (1) its organization and staffing and how it relates to the Department of Housing and Urban Development's (HUD) overall structure; (2) whether it is on schedule to meet its key operational and reporting requirements; (3) the procedures and...
Delays in Implementing the Department of Housing and Urban Development's Accounting System for Its Mortgage Insurance Program
FGMSD-80-37: Published: Mar 4, 1980. Publicly Released: Dec 3, 1980.
GAO reviewed the Department of Housing and Urban Development's (HUD) Mortgage Insurance Accounting System (MIAS), which is currently under development to support the Department's multibillion dollar mortgage insurance program. The new accounting system is essential to improve the mortgage insurance activities of HUD. The primary users of the new system's data will be the Assistant Secretary for Ad...