About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

GGD-82-32 1 (1982-03-08)

handle is hein.gao/gaobabczg0001 and id is 1 raw text is: 




REPOR-T-          P   1' T IE P -o8 .. .J,,            apro va.     RELEASED



General Accounting Office







District Could Get More For Urban

Renewal Property, But HUD Debt

Will Be Repaid




District urban renewal land sales should gen-
erate sufficient revenue to satisfy the remain-
ing debt to the Department of Housing and
Urban Development, but it is not certain that
the District is receiving the best possible
prices for such properties. Although the Dis-
trict has no formal guidelines for disposing of
urban renewal property, it generally follows
guidelines established by HUD. These guide-
lines afford local jurisdictions considerable
flexibility in handling urban renewal property.
As a result, controversy exists concerning the
sales of urban renewal property, sales prices,
and selection of developers.

To ensure that the District obtains the best
possible price for its property sales and to
minimize controversy regarding the sales,
GAO recommends ways for the Mayor to
formalize and implement procedures for prop-
erty disposition.



                    /~~~~1 ll lllll i/l//l



                W B                                                     117731



                                                                         GGD-82-32
                                                                     MARCH 8, 1982


                                c240  7

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Already a HeinOnline Subscriber?

profiles profiles most