Multifamily Housing: Impact of Loan Sales on Tenants and Properties Varies by Property Page: 3 of 110
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Contents
Letter 5
Executive Summary 6
Chapter 1 16
Partially Assisted Sale 17
Intro du tio n Missouri Housing Finance Agency Sale 19
Project-Based and Tenant-Based Assistance 20
Converting From Project-Based to Tenant-Based Assistance 22
Tenant Protections 23
Objectives, Scope, and Methodology 23
Chapter 2 27
Majority of Eligible Households Were Able to Use Tenant-Based
Households Were Able Assistance 27
to Use Tenant-Based Households Experienced Few Difficulties During the Conversion
Assistance to Find to Tenant-Based Assistance 30
Average Rent Payments Are Higher Under Tenant-Based
Housing, but Many Assistance 32
Paid More Toward Recent Program Changes May Affect Assisted Households 37
RentChapter 3
HUD Did Not Fully
Inform Interested
Parties of the Tenant
Pro tec tio nsHUD Established Protections for Assisted Tenants at Partially
Assisted Properties
HUD Does Not Monitor or Enforce Tenant Protections
HUD Provided Limited Information on Tenant Protections
Many Parties Are Unaware of Tenant Protections
Some Owners Have Refused to Accept Vouchers or Certificates
Conclusions
Recommendations
Agency Comments and Our EvaluationGAO/RCED-00-31 Impact of Multifamily Loan Sales
Page 1
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United States. General Accounting Office. Multifamily Housing: Impact of Loan Sales on Tenants and Properties Varies by Property, report, January 20, 2000; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metadc293225/m1/3/: accessed March 29, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.