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RCED-84-118 1 (1984-04-11)

handle is hein.gao/gaobabemm0001 and id is 1 raw text is: II BY THE US, GENERAL ACCOUNTING OFFICE Report To The Honorable William Proxmire United States Senate Improving Controls Over Rent And Management Fees At Multifamily Housing Projects The Department of Housing and Urban De- velopment (HUD) is responsible for review- ing and approving rent and management fees at about 16,000 multifamily housing projects GAO reviewed the criteria and procedures for approving rent increases and management fees at three field offices and found that inadequate controls have result- ed in excessive rents, higher management fees, and possible overpayment of HUD subsidies at some projects. HUD is in the process of developing proce- dures to strengthen its rent and manage- ment fee control processes. GAO recom- mends that these procedures include --further guidance on the analysis and documentation required before proc- essing rent increase requests, --a uniform method for approving man- agement fees, and --guidelines setting forth supervisory re- sponsibilities illII!GAO/RCED-84-118 1OCou$\ APRIL 11, 1984

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