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 mortgage insurance on mortgages that finance the cost of adding energy-efficient features to new or existing housing as part of a home purchase or refinancing mortgage insured by the Federal Housing Administration (FHA). An FHA mortgage may exceed the normal maximum loan limits by the cost of energy-efficient improvements, providing those improvements were verified to be cost-effective. The cost of the energy improvements and estimate of the energy savings must be determined by a home energy rating, which may be financed as part of the cost-effective energy package.
Primary Purpose	Assistance for buying, selling, or financing a home
Type of Housing Supported	Homeownership
Type of Assistance	Insured loan
Fiscal Year 2010 Obligations	Loans are insured under the Mutual Mortgage Insurance Fund; the expected credit subsidy costs for all loan commitments made in fiscal year 2010 under this Fund were -$2,546,000,000. These estimates are revised in subsequent years and the ultimate cost will not be known until the loans have matured, which in some cases may be 30 years.