{"product_id":"housing-for-the-elderly-hud-policy-decisions-delay-section-202-construction-starts-rced-91-4-9781289084943","title":"Housing for the Elderly: HUD Policy Decisions Delay Section 202 Construction Starts: RCED-91-4","description":"\u003cp\u003e • Author(s): U. S. Government Accountability Office (\u003cbr\u003e • Publisher: Bibliogov\u003cbr\u003e • Publisher Imprint: Bibliogov\u003cbr\u003e • BISAC: General\u003c\/p\u003e\u003cp\u003ePursuant to a congressional request, GAO reviewed the Department of Housing and Urban Development's (HUD) processing of section 202 projects for constructing rental housing for the elderly and handicapped, focusing on: (1) increases in project processing time; (2) the need for additional sponsor contributions to cover project development costs; (3) field offices' interpretation of cost-containment requirements; and (4) field offices' program administration. \u003cbr\u003e GAO found that: (1) the average processing time for section 202 projects, from reservation of funds to construction start, increased from 19.3 months in 1980 to 26.8 months in 1988; (2) processing time varied significantly among HUD field offices; (3) local rental market surveys frequently indicated that HUD fair-market-rent limits were too low, causing sponsors to perform time-consuming and costly project redesign or to contribute additional funds for projects; (4) field offices inconsistently interpreted cost containment requirements and increased project processing time when they inappropriately used the requirements to reduce project costs to fair-market-rent limits; and (5) while some field offices developed effective processing procedures and practices, others did not.\u003c\/p\u003e","brand":"Bibliogov","offers":[{"title":"Paperback","offer_id":47596676972695,"sku":"9781289084943","price":1565.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9781289084943.webp?v=1774994730","url":"https:\/\/atlanticbooks.com\/products\/housing-for-the-elderly-hud-policy-decisions-delay-section-202-construction-starts-rced-91-4-9781289084943","provider":"Atlantic Books","version":"1.0","type":"link"}