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.

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Document Details

Document Type
Technical Report
Publication Date
May 01, 2002
Accession Number
ADA402788

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  • Stanley J. Czerwinski

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  • United States Government Accountability Office

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