[GSE's]...financed less than 30 percent of annual multifamily loans originated before 2008 ...Their share of the multifamily market increased to 86 percent in 2009, but decreased to about 57 percent in 2011 as other participants reentered the market.
State table on PDF pages 90-91 shows $6.2 billion in GSE MF activity in Oregon from 1994-2011. (Recall that GSE's did $13.8 billion in SF loans in Oregon in CY 2011 alone).
The Secretaries or other designated officials of HUD, USDA, and VA, and the Director of OMB should take steps to establish a more rigorous approach to collaboration..
...To further improve HUD, USDA, and Treasury’s efforts through the Rental Policy Working Group to consolidate and align certain requirements in multifamily housing programs, the Rental Working Group should take steps to document collaborative efforts in strategic and annual plans to help reinforce agency accountability for these efforts.
...the Secretaries or other designated officials of HUD, Treasury, USDA, and VA should evaluate and report on the specific opportunities for consolidating similar housing programs, including those that would require statutory changes.
Originally created and posted on the Oregon Housing Blog.
The issue of federal money being awarded to federal tax delinquents is longstanding and has been examined by GAO for more than a decade. As a result, the Recovery Board encourages GAO to make recommendations on ways Congress or the administration could prevent those with delinquent federal tax debt from obtaining federal awards through contracts, grants or other assistance. As GAO states, federal law does not prohibit a contractor with unpaid federal taxes from receiving contracts from the government. Similarly, federal regulations do not require contracting officers to specifically consider tax delinquencies when determining whether an entity is responsible to do business with the government unless it was specifically suspended or debarred for certain actions, such as tax evasion. Additionally, there are no laws or government wide policies that prohibit the award of grants or other federal assistance to applicants with unpaid federal taxes.
| Number | Description | Page |
| Table 1 | Typology of Definitions of “Homelessness” among Federal Agencies with Targeted Homeless Assistance Programs, as of July 2010 | 5 |
| Table 2 | Rural Funding within HUD’s CoC Programs, Based on Grant Applicant Reporting as Rural or Not | 21 |
| Table 3 | Urban and Rural Fiscal Year Funding for VA’s Capital Grant Awards for the Grant and Per Diem Program Based on Grant Applicant Reporting as Rural or Not | 22 |
| Table 4 | Possible Needs of the Homeless Population and Potential Corresponding Barriers in Rural Areas | 27 |
| Table 5 | Examples of Supportive Services That Federal Agencies, Excluding HUD, Can Provide to Persons Experiencing Homelessness | 34 |
| Figure 1 | Federal Programs That May Benefit Persons Experiencing Homelessness in Rural Areas | 15 |
| Figure 2 | Percent of Total Federal Funding Targeting Homelessness by Agency for Fiscal Year 2009 | 20 |
| Figure 3 | HUD's CoC Housing and Supportive Services Distribution | 36 |
Loan Performance and Negative Home Equity in the Nonprime Mortgage Market, GAO-10-146R, December 16, 2009: "This report (1) provides information on the performance of these nonprime loans as of June 30, 2009, and describes forecasts made by others of future loan performance; and (2) examines the extent of negative home equity among nonprime borrowers in selected metropolitan areas and nationwide. In addition, enclosure VI describes the preliminary results of our analysis of the demographic characteristics of nonprime borrowers—including race and ethnicity—whose loans originated in 2005.2 We identified these characteristics by merging loan-level records from two data sources. This report also provides supplemental information on the performance of nonprime mortgages by annual loan cohort, product type, Census division, state, and congressional district. This supplemental information is presented in enclosures I through IV." Originally created and posted on the Oregon Housing Blog.
As of September 5, 2009, 2,211 public housing agencies (71 percent of the housing agencies that entered into agreements with HUD for Recovery Act funds) had reported to HUD that they had obligated a total of $957 million, or about 32 percent of the total Capital Fund formula funds HUD allocated to them. According to HUD officials, housing agencies report obligations when they have entered into binding commitments to undertake specific projects. A majority of housing agencies that had obligated funds—1,578 of 2,211 housing agencies—had also drawn down funds in order to pay for project expenses already incurred. In total, public housing agencies had drawn down almost $146 million, or just less than 5 percent of the total HUD allocated to them. Funds drawn down increased by $114 million from the level reported as of June 20, 2009.Originally created and posted on the Oregon Housing Blog
Back in the Clinton/Gore years there was at least an effort made to reinvent government and make it more efficient. I'm proud to say our Portland Multifamily staff led the way in HUD with our FastTrack program that cut red tape and processing time for apartment developers and HUD staff alike, and offered a money back guarantee of timely loan processing.
Yesterday, I read a news story and today I read the GAO report on unpaid federal tax liabilities of an estimated 30,000 Medicaid providers [NOT patients]. The full GAO report is HERE.
This excerpt from the report indicate how DUMB GOVERNMENT can sometimes be:
[Medicaid].."officials stated that such a requirement for screening potential providers for unpaid taxes could adversely impact states' ability to provide health care to low income people. Further, federal law generally prohibits the disclosure of taxpayer data to CMS and states. No tax debt owed by Medicaid providers has ever been collected through the continuous levy program. During our audit, IRS had not made a determination on whether Medicaid payments are considered ''federal payments'' and thus eligible for its continuous levy program. For fiscal year 2006, if an effective levy was in place for the seven selected states, GAO estimates that the federal government could have collected between $70 million and $160 million?"
The report notes later that the IRS has concluded, 10 years after passage of legislation authorizing the continuous levy program to collect taxes owed that
".. Medicaid disbursements do not qualify as federal payments and therefore cannot be incorporated in the continuous levy program".
Press reports in the past have indicated there may be a $400 billion gap in real tax liabilities vs. actual tax collections. So it may be that IRS feels it has far bigger non compliance than the $1 billion loss suggested by the report.
Right now the President is posturing about federal domestic spending and recently vetoed a SCHIP expansion where ultimately the cost difference will turn out to be in the range of $5 billion.
To the President and Congress ---Stop being so DUMB.
Why not use an immediate Congressional appropriations clarification that medicaid payment ARE included as "federal payments" to help fill at least part of that difference in the SCHIP funding?
