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CED-80-75 1 (1980-03-26)

handle is hein.gao/gaobabakn0001 and id is 1 raw text is: F -rP CTED -Not to be released outside the General
I -. tt;,g Office except on'the'basis of specific approval
L, t-j Office of Congressional R-latms.


REPOR   BY THE


RELEASED A (1& (0


Comptroller General


OF THE UNITED STAIES


The College Housing Loan Program:

More Effective Management Needed





The Department of Housing and Urban De-
velopment administers a low-interest college
housing loan program which was resumed in
  1977 at congressional direction to

    --relieve localized shortages of student
    housing and

    --renovate buildings for energy conserva-
    tion.

 HUD's funding decisions for construction
 loans are based on a mechanical formula,
 and the information used in this formula is
 inadequate to insure that only essential
 projects are funded.

 Long delays in the final approval of loan
 agreements for successful applicants have
 resulted in cost increases and lost energy
 savings.


GAO offers recommendations for strengthen-
ing program management.


111966


    CED-80-75
MARCH 26, 1980


III II


tto


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