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	Disposes of multifamily properties acquired by the Federal Housing Administration through foreclosure of an insured mortgage. Multifamily properties consist primarily of rental housing properties with five or more dwelling units such as apartments or town houses, but can also be nursing homes, hospitals, elderly housing, mobile home parks, retirement service centers, and occasionally vacant land.
Primary Purpose	Assistance for financing rental housing
Type of Housing Supported	Rental Housing
Type of Assistance	Property disposition
Fiscal Year 2010 Obligations	Costs/savings associated with property disposition are among the items factored into subsidy rates and are included in expected credit subsidy costs under the General Insurance and Special Risk Insurance Fund.