Housing Assistance: An Inventory of Fiscal Year 2010 Programs, Tax Expenditures, and Other Activities
U.S. Government Accountability Office
Federal Guarantees for Financing for Tribal Housing Activities (Title VI)
Administering Agency/Entity | Department of Housing and Urban Development |
Short Description | Provides loans to assist Indian Housing Block Grant (IHBG) recipients (borrowers) who want to finance eligible affordable housing activities and housing-related community development activities, but are unable to secure financing without the assistance of a federal guarantee. The borrower leverages IHBG funds to finance affordable housing activities by pledging future grant funds as security for repayment of the guarantee obligation. A private lender or investor provides the financing and HUD provides the guarantee to the lender or investor. |
Primary Purpose | Supports housing and other activities |
Type of Housing Supported | Both |
Type of Assistance | Guaranteed loan |
Fiscal Year 2010 Obligations | Expected credit subsidy costs are less than $500,000 for loan commitments made in fiscal year 2010. These estimates are revised in subsequent years and the ultimate cost will not be known until the loans have matured. |