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CED-80-19 1 (1979-12-07)

handle is hein.gao/gaobaazzy0001 and id is 1 raw text is: 




BY THE COMPTROLLER GENERAL



Report To The Congress


OF THE UNITED STATES


Millions Of Dollars For Rehabilitating

Housing Can Be Used More Effectively






Annually, as much as $240 million in Fed-
eral funds for housing rehabilitation assis-
tance could be spent to better advantage.
Rehabilitation funds are being used to

    --refinance home mortgages rather than
    for housing rehabilitation,

    --provide grants to many homeowners
    for all needed home repairs when other
    funding methods are available,

    --make loans with extremely low pay-
    ments available to homeowners who
    could afford to pay more, and

    --provide rehabilitation funds to higher
    income property owners.


This report recommends that the Congress
and the Department of Housing and Urban
Development make needed changes in the
Department's Section   312  Rehabilitation
Loan Program and the Community Develop-
ment Block Grant Program to increase hous-
ing rehabilitation and to provide greater as-
sistance to lower income property owners.


111038


       CED-80-19
DECEMBER 7, 1979


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