Improving Controls Over Rent and Management Fees at Multifamily Housing Projects
RCED-84-118
Published: Apr 11, 1984. Publicly Released: Apr 11, 1984.
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Highlights
Pursuant to a congressional request, GAO evaluated the Department of Housing and Urban Development's (HUD) procedures for controlling rents and management fees at multifamily housing projects.
Recommendations
Recommendations for Executive Action
| Agency Affected | Recommendation | Status |
|---|---|---|
| Department of Housing and Urban Development | The Secretary, HUD, should finalize and implement new procedures for improving controls over rents and management fees. These procedures should include the development of more specific guidelines on the documentation required and the analysis needed for field offices to process and approve rent increases. |
Closed – Not Implemented
HUD has no immediate plans for finalizing and publishing procedures specifying the documentation required and the analyses needed for field offices to process and approve rent increases. HUD is developing a new computerized multifamily information processing system, which it anticipates using to monitor changes in rents, nationwide, by 1989. HUD will then decide on the need for improved controls.
|
| Department of Housing and Urban Development | The Secretary, HUD, should finalize and implement new procedures for improving controls over rents and management fees. These procedures should include clarification of guidelines pertaining to the treatment of rent-free units in evaluating rent increase requests. |
Closed – Not Implemented
HUD has no immediate plans for finalizing and publishing procedures specifying the documentation required and the analyses needed for field offices to process and approve rent increases. HUD is developing a new computerized multifamily information processing system, which it anticipates using to monitor changes in rents, nationwide, by 1989. HUD will then decide on the need for improved controls.
|
| Department of Housing and Urban Development | The Secretary, HUD, should finalize and implement new procedures for improving controls over rents and management fees. These procedures should include the establishment of a uniform method for approving management fees. |
Closed – Implemented
Final regulations were issued on June 6, 1986.
|
| Department of Housing and Urban Development | The Secretary, HUD, should finalize and implement new procedures for improving controls over rents and management fees. These procedures should include clarification of what sources of project income are permitted in calculating the basis for the payment of management fees. |
Closed – Implemented
Regulations were issued on June 6, 1986.
|
| Department of Housing and Urban Development | The Secretary, HUD, should finalize and implement new procedures for improving controls over rents and management fees. These procedures should include the development of guidelines for supervisory controls over the rent and management fee processes. |
Closed – Implemented
Regulations for controlling management fees were issued on June 6, 1986. HUD has no immediate plans for revising its procedures to improve supervisory controls over the rent fee process.
|
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Topics
FeesFinancial managementHousing programsInternal controlsLow income housingRent subsidiesRental ratesData errorsFinancial statementsHousing