World Library  

Add to Book Shelf
Flag as Inappropriate
Email this Book

Elderly Housing Project Funding and Other Factors Delay Assistance to Needy Households

By General Accounting Office

Click here to view

Book Id: WPLBN0000075046
Format Type: PDF eBook
File Size: 0.7 MB
Reproduction Date: 2005
Full Text

Title: Elderly Housing Project Funding and Other Factors Delay Assistance to Needy Households  
Author: General Accounting Office
Language: English
Subject: Government publications, Accountability in government, United States. General Accounting Office
Collections: Government Library Collection, Government Accountability Integrity Reliability Office Collection
Publication Date:
Publisher: United States General Accounting Office (Gao)


APA MLA Chicago

Office, G. A. (n.d.). Elderly Housing Project Funding and Other Factors Delay Assistance to Needy Households. Retrieved from

Government Accountability Integrity Reliability Office Collection

Excerpt: HUD?s Section 202 program provides a valuable housing resource for very low income elderly households. Although they represent a small share of all elderly households, very low income elderly renters have acute housing affordability problems because of their limited income and the need for supportive services. The Section 202 program, which offers about 260,000 rental units nationwide and ensures that residents receive rental assistance and access to services that promote independent living, is the only federal program devoted exclusively to providing this type of housing. However, even with the program?s exclusive focus, Section 202 has reached only about an estimated 8 percent of very low income elderly households. About three-quarters of Section 202 projects in GAO?s analysis did not meet HUD?s time guideline for gaining approval to start construction. These delays held up the delivery of housing assistance to needy elderly households by nearly a year compared with projects that met HUD?s guideline. Several factors contributed to these delays, in particular capital advances that were not sufficient to cover development costs. Project sponsors reported that insufficient capital advances often forced them to spend time seeking additional funds from HUD and other sources. Although HUD?s policy is to provide sufficient funding to cover the cost of constructing a modestly designed project, HUD has acknowledged that its capital advances for the Section 202 program sometimes fall short. Other factors affecting the timeliness of the approval process included inadequate training and guidance for field staff responsible for the approval process, inexperienced project sponsors, and local zoning and permit requirements.


Click To View

Additional Books

  • Fixing Global Finance (by )
  • Securities and Exchange Commission Human... (by )
  • Financial Markets and Community Investme... (by )
  • Tax Policy Tax Expenditures Deserve More... (by )
  • Sustained Leadership, Along with Key Str... (by )
  • Geothermal Energy Information (by )
  • Information Technology Management Social... (by )
  • Airport Finance Past Funding Levels May ... (by )
  • Information Technology Best Practices Ca... (by )
  • Dod's High-Risk Areas Successful Busines... (by )
  • Computer-Based Patient Records Sound Pla... (by )
  • Information Technology Investment Manage... (by )
Scroll Left
Scroll Right


Copyright © World Library Foundation. All rights reserved. eBooks from World Library are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.