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Housing Finance: Procedures and Costs for Developing San Diego Project Were Reasonable

RCED-97-190 Published: Jul 25, 1997. Publicly Released: Jul 25, 1997.
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Highlights

Pursuant to a congressional request, GAO evaluated the San Diego Housing Commission's role in developing Knox Glen Apartments, focusing on the: (1) process the Commission followed to develop the project; (2) reasonableness of the project's costs compared with the costs of other new and existing multifamily projects in the area; and (3) impact of the project on the area's rental housing market and supply of affordable housing.

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Construction costsFederal aid for housingHousing constructionLow income housingMunicipal governmentsRental housingTax creditUrban economic developmentConstructionAffordable housing