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094514 1 (1972-12-04)

handle is hein.gao/gaobadxmu0001 and id is 1 raw text is: 




UNITED STATES GENERAL ACCOUNTING OFFICE
        WASHINGTON, D.C. 20548

                               FOR RELEASE ON DELIVERY
                               EXPECTED AT 10:00 A.M. EST
                               MONDAY, DECEMBER 4, 1972


                      STATEMENT OF
 ELMER B. STAATS, COMPTROLLER GENERAL OF THE UNITED STATES
                       BEFORE THE
   SUBCOMMITTEE ON PRIORITIES AND ECONOMY IN GOVERNMENT
             OF THE JOINT ECONOMIC COMMITTEE
             CONGRESS OF THE UNITED STATES
   ON OPPORTUNITIES TO IMPROVE EFFECTIVENESS AND REDUCE
     COSTS OF HOUSING SUBSIDY PROGRAMS ADMINISTERED BY
              FEDERAL HOUSING ADMINISTRATION
        DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
AND FARMERS HOME ADMINISTRATION., DEPARTMENT OF AGRICULTURE


MR. CHAIRMAN AND MEMBERS OF THE SUBCOMMITTEE:

     DURING THE PAST 3 YEARS, WE HAVE ISSUED OVER 100 REPORTS IN THE HOUSING

AREA, INCLUDING REPORTS ON MODEL CITIES, LOW-RENT PUBLIC HOUSING, URBAN

RENEWAL, AND MORTGAGE INSURANCE ACTIVITIES.  THiS MORNING, I WILL DISCUSS

THE RESULTS OF TWO REVIEWS WE RECENTLY MADE OF THE MANNER IN WHICH THE

DEPARTMENTS OF HOUSING AND URBAN DEVELOPMENT (HUD) AND AGRICULTURE HAVE

CARRIED OUT HOUSING SUBSIDY PROGRAMS. THE COMPLETE RESULTS OF BOTH REVIEWS

WILL BE PUBLISHED IN REPORTS TO BE ISSUED WITHIN THE NEXT MONTH.

     AS YOU KNOW, THESE SUBSIDY PROGRAMS WERE STARTED IN 1968 AND ARE

DESIGNED TO ASSIST LOW- AND MODERATE-INCOME FAMILIES IN BECOMING HOMEOWNERS

OR IN PAYING LOWER RENTS. FIRST, I WILL DISCUSS OUR WORK ON THE HOMEOWNER-

SHIP ASSISTANCE PROGRAMS. FOLLOWING THAT, I WILL PRESENT OUR VIEWS ON THE

RENTAL ASSISTANCE PROGRAM.


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