Housing Assistance: An Inventory of Fiscal Year 2010 Programs, Tax Expenditures, and Other Activities
U.S. Government Accountability Office
Mark-to-Market Program
| Administering Agency/Entity |
Department of Housing and Urban Development |
| Short Description |
Preserves long-term low-income housing affordability by restructuring FHA-insured or HUD-held mortgages for eligible multifamily housing projects. The restructured project is subject to long-term use and affordability restrictions. |
| Primary Purpose |
Assistance for financing rental housing |
| Type of Housing Supported |
Rental Housing |
| Type of Assistance |
Insured loan |
| Fiscal Year 2010 Obligations |
Costs/savings associated with this are among the items factored into subsidy rates for loan programs under the General Insurance and Special Risk Insurance Fund. Expected credit subsidy costs are revised in subsequent years and the ultimate cost will not be known until the loans have matured, which in some cases may be not less than 30 years. |
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