Multifamily Housing: HUD's Restructuring Office's Actions to Implement the Mark-to-Market Program

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 seven actions that are integral to the program's successful implementation; (3) whether OMHAR has implemented nine statutory requirements in accordance with the act; (4) the extent to which HUD management is involved in directing, reviewing, and approving OMHAR's operations; (5) whether OMHAR's Director has complied with the legislative requirements to report to congressional committees if actions by HUD's Secretary interfere with the Office's ability to carry out the mark-to-market program; and (6) whether the other HUD offices from which OMHAR must obtain support have provided the support requested.