Housing Assistance: An Inventory of Fiscal Year 2010 Programs, Tax Expenditures, and Other Activities

U.S. Government Accountability Office

Administering Agency/Entity	Department of Housing and Urban Development
Short Description	Provides additional subsidies equal to the difference between the basic rent and 30 percent of income for certain units in a multifamily rental project that either received mortgage insurance under Section 236 or were financed by states and not insured by the Federal Housing Administration (FHA). Most units receiving RAP funding have converted to Section 8 assistance. However, state-funded, non-FHA insured projects were not converted and continue to receive amendment funds for cost increases on their RAP contracts. Tenants of subsidized units must be very low-income individuals.
Primary Purpose	Assistance for rental property owners
Type of Housing Supported	Rental Housing
Type of Assistance	Direct payment
Fiscal Year 2010 Obligations	$10,232,000; obligations are for amendments to existing contracts. No new commitments since 1973.