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Summary of Residential Care Facilities Mortgage Insurance Program by United States Government Accountability Office PDF
Through its Section 232 program, the Department of Housing and Urban Development's (HUD) Federal Housing Administration (FHA) insures approximately $12.5 billion in mortgages for residential care facilities. In response to a requirement in the 2005 Consolidated Appropriations Conference Report and a congressional request, GAO examined (1) HUD's management of the program, including loan underwriting and monitoring; (2) the extent to which HUD's oversight of insured facilities is coordinated with the states' oversight of quality of care; (3) the financial risks the program poses to HUD's General Insurance/Special Risk Insurance (GI/SRI) Fund; and (4) how HUD estimates the annual credit subsidy cost for the program.
Detail About Residential Care Facilities Mortgage Insurance Program PDF
- Author : United States Government Accountability Office
- Publisher : Createspace Independent Publishing Platform
- Genre :
- Total Pages : 68 pages
- ISBN : 9781976365959
- Release Date : 13 September 2017
- PDF File Size : 40,8 Mb
- Language : English
- Rating : 4/5 from 21 reviews
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