MULTIFAMILY RURAL HOUSING: Prepayment Potential and Long-Term Rehabilitation Needs for Section 515 Properties
Abstract
With little new construction and limited prepayment, maintaining the long-term quality of aging portfolio has become the overriding issue. While RHS's practice of allocating its limited funds to properties with documented capital needs has helped properties on an ad hoc basis, RHS does not have a process to determine and quantify the portfolio's long-term rehabilitation needs. As a result, RHS cannot ensure that it is spending its limited funds as cost-effectively as possible and cannot provide Congress with a reliable or well supported estimate of the funding needed to deal with the portfolio's long-term rehabilitation needs.
Document Details
- Document Type
- Technical Report
- Publication Date
- May 01, 2002
- Accession Number
- ADA402788
Entities
People
- Stanley J. Czerwinski
Organizations
- United States Government Accountability Office