Multifamily Housing: Progress Made in Establishing HUD's Office of Multifamily Housing Assistance Restructuring

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 systems it will use to oversee the mark-to-market program's implementation; (4) the status of projects included in the three mark-to-market demonstration programs and how HUD is using information gathered from these programs; and (5) the actions it has taken to obtain information and feedback from parties that will be affected by the mark-to-market program.