Rental Housing: Implementing the New Federal Incentives to Deter Prepayments of HUD Mortgages : Report to the Chairman, Subcommittee on Housing and Community Development, Committee on Banking, Finance, and Urban Affairs, House of Representives

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Page 8 - ... the realization as soon as feasible of the goal of a decent home and a suitable living environment for every American family...
Page 1 - Some reassurance on the need for such a program is given in the testimony earlier in 1968 before the Subcommittee on Housing and Urban Affairs of the Senate Committee on Banking and Currency by Secretary Robert C.
Page 67 - Enacted in 1961 and continued through 1968, this program provided an up-front subsidy effectively reducing interest rates on privately written FHA mortgages to 3 percent. In return, rents paid to the limited dividend and non-profit owners were controlled by the FHA. New tenants generally could not have an income exceeding 95 percent of median. Tenants paid the established FHA rent or, if their income exceeded 110 percent of the median for the area, an amount equal to 1 20 percent of the FHA rent.
Page 48 - The Honorable Charles A. Bowsher comptroller General General Accounting Office 441 G Street, NW Washington, DC 20548 Dear...
Page 68 - Low income: Generally used to refer to families with incomes no greater than 80 percent of the area's median, adjusted for family size, or sometimes those in the SO to 80 percent range.
Page 76 - Rental Housing: Potential Reduction in the Privately Owned and Federally Assisted Inventory (GAO/RCED-SG-ITGFS, June 16, 1986).
Page 68 - Section 221(dX3l and Section 236 properties. For some properties, LMSAs replaced 40year rent supplements or Rental Assistance Payments. This exchange was advantageous to owners because it shortened the length-of-use restrictions and because Section 8 provides a budgetary cushion to cover inflation in the operating costs, allowing owners to improve their cash flow to financially troubled properties. Like the other rental assistance programs. Section 8 aid limits tenants' rent payments to 30 percent...
Page 36 - Other actions to facilitate a transfer or sale of the housing to a Qualified nonprofit organization, limited equity tenant cooperative, public agency, or other entity acceptable to the Commissioner, such as expedited review of a request for approval of a transfer of physical assets; (h) Provision of flexible subsidy assistance...
Page 16 - ... ^Rental Housing; Potential Reduction in the Privately Owned and Federally Assisted Inventory...
Page 1 - House of Representatives Dear Mr. Chairman: In response to your letter of September 13, 1989, and subsequent discussions with your office, this report addresses the reliability of Forest Service reporting on (1) national forest land needing reforestation or timber stand improvement (TSI)' and (2) national forest land where reforestation or TSI activities have been successful.

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