DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Department of Housing and Urban Development General Fund Proprietary Interest Receipts, not Otherwise Classified Government-sponsored Enterprises Oversight Fee FHA-general and Special Risk, Negative Subsidies FHA-general and Special Risk, Downward Reestimates of Subsidies Indian Housing Loan Guarantees, Downward Reestimates of Subsidies Title VI Indian Loan Guarantee Downward Reestimate Community Development Loan Guarantees, Downward Reestimates Native Hawaiian Housing Loan Guarantees, Downward Reestimates of Subsidies All Other General Fund Proprietary Receipts Including Budget Clearing Accounts Undistributed Intragovernmental Payments Interstate Land Sales Fund Office of Federal Housing Enterprise Oversight GNMA-guarantees of Mortgage Backed Securities Guarantee Loans, Negative Subsidies GNMA Commitment and Multiclass Fee Collections Deltas between the Annualized CR Amounts and the FY 2011 Budget Request Adjustment to reach the 2011 Budget Mobile Home Inspection and Monitoring Fees, Manufactured Housing Fee Trust Fund General Fund Payment, Manufactured Housing Fee Trust Fund Public and Indian Housing Programs Transforming Rental Assistance Transforming Rental AssistanceFor assistance to convertconversion of properties with contracts for project-based assistance assisted under section 89 of the U. S. Housing Act of 1937, (hereinafter, "the Act"), the moderate rehabilitation program, the rent supplement program under section 101 of the Housing and Urban Development Act of 1965, or the rental assistance program under section 236(f)(2) of the National Housing Act, or for assistance under section 9 of the U.S. Housing Act of 1937, to properties with assistance under section 8(o)(13) of the U.S. Housing Act of 1937, as amended, and for fees to cover the costs of administration of such new assistance contracts, services to promote resident mobility, and for one-time expenses of combining administrative components of local programsor to other project-based rental assistance under section 8(o) of the U.S. Housing Actof 1937, including the cost of administrative fees of such new assistance contracts and any supplemental costs of the first year of assistance through such procedures as the Secretary may establish, $350,000,000$200,000,000, to be available until September 30, 2015: Provided, That notwithstanding sections 3 and 16 of the Act, the conversion of assistance under this heading shall not be the basis for re-screening or termination of assistance or eviction of any tenant family in a property with assistance converted pursuant to this heading and such a family shall not be considered a new admission for any purpose, including compliance with income targeting requirementsof the amounts made available under this heading, up to 3 percent shall be available to the Secretary for the costs of, including the contracting for, rent comparability studies, evaluation, and technical assistance: Provided further, That up to $50,000,000 shall be available for services to promote resident mobility and up-front expenses of public housing agencies related to the transformation of rental assistance under this heading: Provided further, That the Secretary shall select properties for conversion and award funds for assistance and administrative feesservices and upfront expenses through a competitive process, except that for conversion of properties assistedpublic housing and other multifamily properties owned by public housing agencies that do not administer a program under section 8(o) or of properties assisted under the moderate rehabilitation program section 8(e)(2), the rent supplement program under section 101 of the Housing and Urban Development Act of 1965, or the rental assistance program under section 236 of the National Housing Act, the Secretary may select properties for conversion and award funds for assistance, services, and upfront expenses through such other procedure as the Secretary may establish: Provided further, That any procedure established pursuant to the preceding proviso, including the criteria for conversion, shall be published by notice in the Federal Register no later than 15 days before any property is convertedthe Secretary shall contract for administration of the rental assistance for any property converted under this heading with a public housing agency that does not own or control the property, directly or indirectly: Provided further, That the conversion of contracts under this heading shall not be grounds to evict tenants or terminate families' rental assistance: Provided further, That the Secretary may waive, or specify alternative requirements for, any provision of section 8(o)(13) (except for requirements related to fair housing, nondiscrimination, labor standards, and the environment) or any provision that governs the use of assistance from which a property is converted pursuant to this heading or funds made available under the headings of "Public Housing Capital Fund," "Public Housing Operating Fund," and "Project-Based Rental Assistance," under this Act or any prior Act for properties converted under this heading, upon a finding by the Secretary that any such waivers or alternative requirements are necessary for the effective conversion of the contracts provided for under this heading: Provided further, That the Secretary shall publish by notice in the Federal Register any waivers or alternative requirements pursuant to the preceding proviso no later than 10 days before the effective date of such waivernotice. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.Over the last 75 years, the Federal Government has invested billions in the development and maintenance of public housing and other multifamily rental housing. This housing serves a vulnerable population, including extremely low-income families, seniors, and people with disabilities, who rely on it and have few if any equally affordable housing options. To preserve this large Federal investment and respond to the growing demand for affordable rental housing, the Administration proposes $200 million for a Transforming Rental Assistance (TRA) demonstration. This initiative will help preserve the HUD-assisted inventory by leveraging private financing for capital improvements and by offering a more attractive renewal option to private owners who otherwise may choose to opt-out of HUD's rental assistance programs. The public housing inventory has an estimated capital needs backlog of $20 to $30 billion. Given current fiscal constraints, the Administration supports alternative means, other than direct capital grants, for addressing this large backlog. Beyond the public housing stock, the Section 8 Moderate Rehabilitation (25,000 units), Rent Supplement (12,700 units), and Rental Assistance Payment (12,900 units) programs either do not offer owners the option to renew their subsidy contracts upon expiration, thereby risking the loss of affordable housing units tied to those contracts, or do not allow owners to renew on terms that attract sufficient capital to preserve long-term affordability. To begin to address these preservation challenges, the Budget proposes a demonstration and rigorous assessment of the conversion of up to 263,000 units under the Public Housing, Moderate Rehabilitation, Rent Supplement, and Rental Assistance Payment programs to long-term Section 8 rental assistance contracts or project-based vouchers. This demonstration will test TRA conversions as a tool for: (1) preserving public housing and other HUD-assisted units by, among other features, increasing access to private capital and management techniques; (2) creating mixed-income communities; and (3) increasing housing choice for residents. Participation in the TRA demonstration will be voluntary, with properties primarily selected for conversion by competition. HUD intends through the conversion process to assure the physical and financial sustainability of properties and enable owners to leverage private financing to address immediate and long-term capital needs and implement energy-efficiency improvements. Residents of converted properties, should they opt to move, will have access to tenant-based rental assistance as it becomes available (i.e., the resident choice option) without reducing the number of units with project-based assistance. The Department will conduct an assessment of the demonstration focusing on the following: (1) characteristics of properties selected through the competition; (2) impacts of TRA policies, including rent setting and the resident choice option, on converted properties and residents; (3) the amounts and sources of private financing leveraged for rehabilitation; and (4) HUD capacity to implement conversions. . Program and Financing(in millions of dollars)Identification code 86–0406–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0001Rental Assistance50
0900Total new obligations (object class 41.0)50
Budgetary Resources:
Budget authority:
Appropriations, discretionary:
1100Appropriation200
1930Total budgetary resources available200
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year150
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)
3030Obligations incurred, unexpired accounts50
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)50
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross200
4180Budget authority, net (total)200
4190Outlays, net (total)
Tenant Based Rental Assistance tenant-based rental assistanceFor activities and assistance for the provision of tenant-based rental assistance authorized under the United States Housing Act of 1937, as amended (42 U.S.C. 1437 et seq.) ("the Act'' herein), not otherwise provided for, $15,550,663,183$15,222,569,082, to remain available until September 30, 2013expended, shall be available on October 1, 20102011 (in addition to the $4,000,000,000 previously appropriated under this heading that will become available on October 1, 20102011), and $4,000,000,000, to remain available until September 30, 2014expended, shall be available on October 1, 20112012: Provided, That of the amounts made available under this heading are provided as follows:(1) $17,310,000,000No less than $17,143,836,548 shall be available for renewals of expiring section 8 tenant-based annual contributions contracts (including renewals of enhanced vouchers under any provision of law authorizing such assistance under section 8(t) of the Act) and including renewal of other special purposeincremental vouchersinitially funded in fiscal years 2009 and 2010 (such as Family Unification, Veterans Affairs Supportive Housing Vouchers and Non-elderly Disabled Vouchers): Provided, That notwithstanding any other provision of law, from amounts provided under this paragraph and any carryover, the Secretary for the calendar year 20112012 funding cycle shall provide renewal funding for each public housing agency based on validated voucher management system (VMS) leasing and cost data for the prior calendar year 2010 and by applying the most recent Annual Adjustment Factoran inflation factor as established by the Secretary by notice published in the Federal Register, and by making any necessary adjustments for the costs associated with the first-time renewal of vouchers under this paragraph including tenant protection, and HOPE VI vouchers: Provided further, That public housing agencies participating in the Moving to Work (MTW) demonstration shall be funded pursuant to their MTW agreements: Provided further, That the Secretary may offset public housing agencies' calendar year 20112012 allocations by the excess amount of agencies' net restricted assets accounts as established by the Secretary by notice published in the Federal Register: Provided further, That MTW agencies may also be subject to an offset, as determined by the Secretary, from the agencies' calendar year 2012 Moving to Work funding allocation: Provided further, That the Secretary shall determine the excess amount of net restricted assets in accordance with authorizing law or by notice in the Federal Register, but in no instance shall the definition of "excess" be greater than the amount above 6 percent of the renewal funding an agency is eligible to receive, prior to proration, in calendar year 2011: Provided further, That the Secretary shall use any such offset to first avoid or reduce the proration of renewal funding allocations and then on the basis of need and performance, as established by the Secretary by notice published in the Federal Register: Provided further, That if funds remain after providing public housing agencies with 100 percent of the allocation due under the first proviso, the Secretary may reallocate reserves for purposes otherwise authorized by law or as otherwise provided in a Federal Register notice: Provided further, That the Secretary shall, to the extent necessary to stay within the amount specified under this paragraph, pro rate each public housing agency's allocation, including MTW agency allocations, otherwise established pursuant to this paragraph: Provided further, That except as provided in the following provisos, the entire amount specified under this paragraph shall be obligated to the public housing agencies based on the allocation and pro rata method described above, and the Secretary shall notify public housing agencies of their annual budget not later than 60 days after enactment of this Act: Provided further, That the Secretary may extend the 60-day notification period with prior written notice to the House and Senate Committees on Appropriations: Provided further, That public housing agencies participating in the Moving to Work demonstration shall be funded pursuant to their Moving to Work agreements and shall be subject to the same pro rata adjustments under the previous provisos: Provided further, That up to $150,000,000$135,000,000 shall be available only: (1) to adjust the allocations for public housing agencies, after application for an adjustment by a public housing agency that experienced a significant increase, as determined by the Secretary, in renewal costs of tenant-based rental assistance resulting from unforeseen circumstances or from portability under section 8(r) of the Act; (2) for adjustments for public housing agencies with voucher leasing rates at the end of the Calendar Year that exceed the average leasing for the 12-month period used to establish the allocation; (23) for vouchers that were not in use during the 12-month period in order to be available to meet a commitment pursuant to section 8(o)(13) of the Act; (34) for any increase in the costs associated with deposits to family self-sufficiency program escrow accounts; (4) for onetime adjustments of renewal funding for Public Housing Agencies in receivership with approved fungibility plans for calendar year 2009 as authorized in Section 11003 of the Consolidated Security, Disaster Assistance, and Continuing Appropriations Act, 2009 (Public Law 110–329); or (5) to adjust allocations for public housing agencies to prevent termination of assistance to families receiving assistance under the disaster voucher program, as authorized by Public Law 109–148 under the heading "Tenant-Based Rental Assistance"; (6) for adjustments for the costs associated with HUD-Veterans Affairs Supportive Housing (HUD-VASH) vouchers; (7) for adjustments for public housing agencies that experienced a significant increase, as determined by the Secretary, in renewal costs as a result of participation in the Small Area Fair Market Rent Demonstration: Provided further, That the Secretary shall allocate amounts under the previous proviso based on need as determined by the Secretary;(2) $125,000,000$75,000,000 shall be for section 8 rental assistance for relocation and replacement of housing units that are demolished or disposed of pursuant to the Omnibus Consolidated Rescissions and Appropriations Act of 1996 (Public Law 104–134)Section 18 of the Act, conversion of section 23 projects to assistance under section 8, the family unification program under section 8(x) of the Act, relocation of witnesses in connection with efforts to combat crime in public and assisted housing pursuant to a request from a law enforcement or prosecution agency, enhanced vouchers under any provision of law authorizing such assistance under section 8(t) of the Act, HOPE VI vouchers, mandatory and voluntary conversions, and tenant protection assistance including replacement and relocation assistance or for project based assistance to prevent the displacement of unassisted elderly tenants currently residing in section 202 properties financed between 1959 and 1974 that are refinanced pursuant to Public Law 106–569, as amended, or under the authority as provided under this Act: Provided further, That when a public housing development is submitted for demolition or disposition under Section 18 of the Act, the Secretary may provide section 8 rental assistance when the units pose an imminent health and safety risk to residents;(3) $1,791,000,000$1,647,780,434 shall be for administrative and other expenses of public housing agencies in administering the section 8 tenant-based rental assistance program, of which up to $50,000,000 shall be available to the Secretary to allocate to public housing agencies that need additional funds to administer their section 8 programs, including fees associated with section 8 tenant protection rental assistance, the administration of disaster related vouchers, Veterans Affairs Supportive Housing vouchers, and other incremental vouchers: Provided, That no less than $1,741,000,000$1,597,780,434 of the amount provided in this paragraph shall be allocated to public housing agencies for the calendar year 20112012 funding cycle based on section 8(q) of the Act (and related Appropriation Act provisions) as in effect immediately before the enactment of the Quality Housing and Work Responsibility Act of 1998 (Public Law 105–276): Provided further, That if the amounts made available under this paragraph are insufficient to pay the amounts determined under the previous proviso, the Secretary may decrease the amounts allocated to agencies by a uniform percentage applicable to all agencies receiving funding under this paragraph or may, to the extent necessary to provide full payment of amounts determined under the previous proviso, utilize unobligated balances, including recaptures and carryovers, remaining from funds appropriated to the Department of Housing and Urban Development under this heading, for fiscal year 2010 andfrom prior fiscal years, notwithstanding the purposes for which such amounts were appropriated: Provided further, That amounts provided under this paragraph shall be only for activities related to the provision of tenant-based rental assistance authorized under section 8, including related development activities;(4) $60,000,000 shall be available for family self-sufficiency coordinators under section 23 of the Act;(5) $113,663,183$114,046,000 for renewal of tenant-based assistance contracts under section 811 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 8013), as amended, entered into prior to fiscal year 2007;(6) Up to $66,000,000$50,000,000 for incremental tenant-based assistance for eligible families assisted under the Disaster Housing Assistance Program for Hurricanes Ike and Gustav: Provided, That these vouchers will not be re-issued when families leave the program;(7) $85,000,000$56,906,100 for incremental voucher assistance under section 8(o) of the United States Housing Act of 1937, including related administrative expenses, for two competitive demonstration programs to address the needs of families and individuals who are homeless or at risk of homelessness, as defined by the Secretary of Housing and Urban Development, to be administered by the Department of Housing and Urban Development in conjunction with the Department of Health and Human Services and the Department of Education: Provided, That one demonstration program shall make funding available to public housing agencies that: (1) partner with eligible state or local entities responsible for distributing Temporary Assistance for Needy Families (TANF) and other health and human services as designated by the Secretary of the Department of Health and Human Services, and (2) partner with school homelessness liaisons funded through the Department of Education's Education for Homeless Children and Youths program: Provided further, That the other demonstration program shall make funding available to public housing agencies that partner with eligible state Medicaid agencies and state behavioral health entities as designated by the Secretary of the Department of Health and Human Services to provide housing in conjunction with Medicaid case management, substance abuse treatment, and mental health services: Provided further, That the Secretary of Housing and Urban Development shall make the funding specified in this subsection available through such allocation procedures as the Secretary determines to be appropriate, notwithstanding section 213 of the Housing and Community Development Act of 1974 (42 U.S.C. 1439) and section 204 (competition provision) of this title, to entities with demonstrated experience and that meet such other requirements as determined by the Secretary: Provided further, That the Secretary of Housing and Urban Development may waive, or specify alternative requirements for any provision of any statute or regulation that the Secretary of Housing and Urban Development administers in connection with the use of funds made available under this paragraph (except for requirements related to fair housing, nondiscrimination, labor standards, and the environment), upon a finding by the Secretary that any such waivers or alternative requirements are necessary for the effective delivery and administration of such voucher assistance: Provided further, That the Secretary shall publish in the Federal Register the alternative requirements any (including waivers of any statute or regulation necessary to establish those alternative requirements) that the Secretary administers pursuant to this subsection no later than 10 days before the effective date of such waiveralternative requirements: Provided further, That assistance made available under this subsection shall continue to remain available for these purposes upon turn-over;(8) $75,000,000 for incremental rental voucher assistance for use through a supported housing program administered in conjunction with the Department of Veterans Affairs as authorized under section 8(o)(19) of the United States Housing Act of 1937: Provided, That, notwithstanding section 204 (competition provision) of this title, the Secretary of Housing and Urban Development shall make such funding available to public housing agencies that partner with eligible VA Medical Centers, or other entities as designated by the Secretary of the Department of Veterans Affairs, based on: (1) geographical need for such assistance as identified by the Secretary of the Department of Veterans Affairs; (2) public housing agency administrative performance; and (3) other factors as specified by the Secretary of Housing and Urban Development in consultation with the Secretary of the Department of Veterans Affairs: Provided further, That the Secretary of Housing and Urban Development, in consultation with the Secretary of the Department of Veterans Affairs, may waive or specify alternative requirements for, any provision of any statute or regulation that the Secretary of Housing and Urban Development administers in connection with the use of funds made available in this paragraph, except for requirements related to fair housing, nondiscrimination, labor standards, and the environment, upon a finding by the Secretary that any such waivers or alternative requirements are necessary for the effective delivery and administration of such voucher assistance provided in this paragraph: Provided further, That assistance made available under this paragraph shall continue to remain available for homeless veterans upon turn-over. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The 2012 Budget provides $19.2 billion for the Tenant-Based Rental Assistance Program (also known as the Housing Choice Voucher program). The Housing Choice Voucher program provides housing assistance to over two million extremely low- to very low-income families to rent in the neighborhoods of their choice. This is the Federal government's largest and most income-targeted program for assisting very low-income families to rent decent, safe and sanitary housing in the private market. About 2,400 state and local Public Housing Authorities (PHAs) administer the Housing Choice Voucher program. In addition to funding vouchers anticipated to be under lease by 2012, the Budget provides new vouchers to make progress on HUD's high priority performance goals for increasing the number of families receiving rental assistance and for reducing the number of homeless veterans. The Budget includes $114 million to renew nearly 15,000 Mainstream vouchers for Housing for Persons with Disabilities previously funded from the Section 811 account; $75 million in new vouchers for homeless veterans through the HUD-Veteran Affairs Supportive Housing (HUD-VASH) program; $60 million to support the Family Self-Sufficiency program; and $57 million in new HUD-Department of Health and Human Services vouchers for homeless and at-risk homeless families with children and persons with disabilities in support of the Federal Strategic Plan to Prevent and End Homelessness. The account also includes $75 million for tenant protection vouchers, which are provided when certain actions occur beyond the control of the residents, such as public housing demolition or disposition, or when landlords terminate their Project-Based Rental Assistance contracts. The Administration maintains its commitment to continually improve the management of the Housing Choice Voucher program. For 2012, the Administration proposes to: 1) design a comprehensive development strategy to improve HUD information technology systems to better manage and administer the Housing Choice Voucher program, including continued assistance to PHAs to better manage funds and increase leasing rates responsibly; 2) develop an improved Section 8 Management Assessment Program with revised indicators that will strengthen oversight (including possible on-site assessments), improve quality control, and establish performance metrics; 3) continue the study to develop a formula to allocate administrative fees based on the cost of an efficiently managed PHA operating the Housing Choice Voucher program; 4) develop a study to evaluate current housing quality standards and improve the unit inspection process; and 5) eliminate the cap restriction imposed by past Appropriations Acts on the number of families that each PHA may serve. The 2012 Budget also includes key provisions that improve HUD's three largest rental assistance programs: Housing Choice Vouchers, Project-Based Rental Assistance, and Public Housing. The proposal: 1) broadens the extremely low-income targeting requirement by applying it to families with the higher of 30 percent of Area Median Income or the federal poverty level; 2) increases the standard deduction for elderly and disabled households from $400 to $675 and raises the deduction for excess medical expenses from 3% to 10% of income; 3) streamlines the program by permitting 3 year annual re-certification for fixed-income families; 4) provides PHAs the authority to approve exception rents for disabled voucher households; 5) enables HUD to produce more timely Fair Market Rent data on an annual basis; and 6) authorizes a rent demonstration project. Program and Financing(in millions of dollars)Identification code 86–0302–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0001Tenant Protection14315075
0002Administrative Fees1,5391,6201,648
0003Family Self Sufficiency Coordinators506060
0006Contract Renewals16,21616,45117,144
0008Veterans Affairs Supportive Housing Vouchers718175
0009Family Unification Program Vouchers161515
0010Nonelderly Disabled Vouchers338
0011Disaster Displacement Assistance31
0012Disaster Housing Assistance Program50
0013Section 811 Mainstream Vouchers114
0014Homeless Special Needs Vouchers57
0900Total new obligations (object class 41.0)18,07118,38619,238
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1291306104
1021Recoveries of prior year unpaid obligations2
1050Unobligated balance (total)293306104
Budget authority:
Appropriations, discretionary:
1100Appropriation14,18414,18415,223
1120Appropriations transferred to other accounts–100
1160Appropriation, discretionary (total)14,08414,18415,223
Advance appropriations, discretionary:
1170Advance appropriation4,0004,0004,000
1900Budget authority (total)18,08418,18419,223
1930Total budgetary resources available18,37718,49019,327
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year30610489
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)1,6721,7541,549
3030Obligations incurred, unexpired accounts18,07118,38619,238
3031Obligations incurred, expired accounts1
3040Outlays (gross)–17,987–18,591–19,430
3080Recoveries of prior year unpaid obligations, unexpired–2
3081Recoveries of prior year unpaid obligations, expired–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1,7541,5491,357
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross18,08418,18419,223
Outlays, gross:
4010Outlays from new discretionary authority16,21416,83717,777
4011Outlays from discretionary balances1,7731,7541,653
4020Outlays, gross (total)17,98718,59119,430
4180Budget authority, net (total)18,08418,18419,223
4190Outlays, net (total)17,98718,59119,430
housing certificate fund(cancellation) Unobligated balances, including recaptures and carryover, remaining from funds appropriated to the Department of Housing and Urban Development under this heading, the heading "Annual Contributions for Assisted Housing'' and the heading "Project-Based Rental Assistance'', for fiscal year 20112012 and prior years may be used for renewal of or amendments to section 8 project-based contracts and for performance-based contract administrators, notwithstanding the purposes for which such funds were appropriated: Provided, That any obligated balances of contract authority from fiscal year 1974 and prior that have been terminated are hereby permanently cancelled: Provided further, That amounts heretofore recaptured, or recaptured during the current fiscal year, from project-based Section 8 contracts from source years fiscal year 1975 through fiscal year 1987 are hereby permanently cancelled, and an amount of additional new budget authority, equivalent to the amount permanently cancelled is hereby appropriated, to remain available until expended, for the purposes set forth under this heading, in addition to amounts otherwise available. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.Until 2005, the Housing Certificate Fund provided funding to both the project-based and tenant-based components of the Section 8 program. Project-based Rental Assistance and Tenant-based Rental Assistance are now funded in separate accounts. The Housing Certificate Fund retains and recovers balances from previous years' appropriations. Program and Financing(in millions of dollars)Identification code 86–0319–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0001Contract Renewals1215850
0002Contract Administrators85
0005Section 8 Amendments185850
0900Total new obligations (object class 41.0)224116100
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 112116
1021Recoveries of prior year unpaid obligations141100100
1025Unobligated balance of contract authority withdrawn–22
1050Unobligated balance (total)240116100
Budget authority:
Appropriations, discretionary:
1100Appropriation1755050
1131Unobligated balance of appropriations permanently reduced–175–50–50
1160Appropriation, discretionary (total)
Appropriations, mandatory:
1200Appropriation8515
1238Appropriations applied to liquidate contract authority–851–5
1260Appropriations, mandatory (total)
1900Budget authority (total)
1930Total budgetary resources available240116100
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year16
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)5,6024,3933,294
3030Obligations incurred, unexpired accounts224116100
3040Outlays (gross)–1,292–1,115–950
3080Recoveries of prior year unpaid obligations, unexpired–141–100–100
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)4,3933,2942,344
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross
Outlays, gross:
4010Outlays from new discretionary authority262525
4011Outlays from discretionary balances1,0591,090925
4020Outlays, gross (total)1,0851,115950
Mandatory:
4090Budget authority, gross
Outlays, gross:
4101Outlays from mandatory balances207
4180Budget authority, net (total)
4190Outlays, net (total)1,2921,115950
Memorandum (non-add) entries:
5052Obligated balance, SOY: Contract authority8795
5053Obligated balance, EOY: Contract authority5
Project-based Rental Assistance project-based rental assistanceFor activities and assistance for the provision of project-based subsidy contracts under the United States Housing Act of 1937 (42 U.S.C. 1437 et seq.) ("the Act''), not otherwise provided for, $8,982,328,000$9,035,000,000, to remain available until expended, shall be available on October 1, 20102011 (in addition to the $393,672,000 previously appropriated under this heading that will become available October 1, 2010 2011), and $400,000,000, to remain available until expended, shall be available on October 1, 20112012: Provided, That the amounts made available under this heading shall be available for expiring or terminating section 8 project-based subsidy contracts (including section 8 moderate rehabilitation contracts), for amendments to section 8 project-based subsidy contracts (including section 8 moderate rehabilitation contracts), for contracts entered into pursuant to section 441 of the McKinney-Vento Homeless Assistance Act (42 U.S.C. 11401), for renewal of section 8 contracts for units in projects that are subject to approved plans of action under the Emergency Low Income Housing Preservation Act of 1987 or the Low-Income Housing Preservation and Resident Homeownership Act of 1990, and for administrative and other expenses associated with project-based activities and assistance funded under this paragraph: Provided further, That of the total amounts provided under this heading, not to exceed $322,000,000$289,000,000 shall be available for performance-based contract administrators for section 8 project-based assistance: Provided further, That the Secretary of Housing and Urban Development may also use such amounts in the previous proviso for performance-based contract administrators for the administration of: interest reduction payments pursuant to section 236(a) of the National Housing Act (12 U.S.C. 1715z-1(a)); rent supplement payments pursuant to section 101 of the Housing and Urban Development Act of 1965 (12 U.S.C. 1701s); section 236(f)(2) rental assistance payments (12 U.S.C. 1715z-1(f)(2)); project rental assistance contracts for the elderly under section 202(c)(2) of the Housing Act of 1959 (12 U.S.C. 1701q); project rental assistance contracts for supportive housing for persons with disabilities under section 811(d)(2) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 8013(d)(2)); project assistance contracts pursuant to section 202(h) of the Housing Act of 1959 (Public Law 86–372; 73 Stat. 667); and loans under section 202 of the Housing Act of 1959 (Public Law 86–372; 73 Stat. 667): Provided further, That amounts recaptured under this heading, the heading "Annual Contributions for Assisted Housing'', or the heading "Housing Certificate Fund'' may be used for renewals of or amendments to section 8 project-based contracts or for performance-based contract administrators, notwithstanding the purposes for which such amounts were appropriated. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The Budget requests $9.4 billion for project-based rental assistance, of which $400 million is requested as an advance appropriation to become available in 2013. The Project-Based Rental Assistance program assists approximately 1.3 million extremely low- to low-income households in obtaining decent, safe, and sanitary housing in private accommodations. Project-based rental assistance serves families, elderly households and disabled households and provides transitional housing for the homeless. Through this funding, HUD supports approximately 18,000 contracts with private owners of multifamily housing by paying the difference between what a household can afford, generally 30 percent of its eligible income, and the approved market-based rent for a housing unit. Program activities include the following:Contract Renewals and Amendments.— These activities provide funding for HUD to renew expiring contracts and amend contracts that have not expired but require additional funding for HUD to meet remaining payment obligations. These funds cover the direct housing costs of families in the program. Currently, 83 percent of contracts are renewed annually; the other 17 percent are long-term contracts funded with previous appropriations, of which one-third will need amendment funding in 2012. Appropriations for these activities are supplemented with recoveries of excess balances remaining on expired contracts that utilized less than anticipated resources during their initial terms. Contract Administrators.—This activity funds the local level administration of the program through HUD contracts with performance-based contract administrators. These entities, which are typically public housing authorities or state housing finance agencies, are responsible for conducting on-site management reviews of assisted properties; adjusting contract rents; reviewing, processing, and paying monthly vouchers submitted by owners; renewing contracts with property owners; and responding to health and safety issues at properties. The Budget requests up to $289 million for this set-aside. Tenant Resource Network Grants.—The Budget provides up to $10 million for tenant resource network grants. These grants will provide financial assistance to tenant groups, nonprofit organizations, and public entities for building the capacity of tenant organizations and furthering the purposes of the Mark-to-Market program, including preservation of low-income housing and tenant services. The authority for these funds is provided under Section 514(f) of the Multifamily Assisted Housing Reform and Affordability Act (MAHRA) of 1997 (42 U.S.C. 1437f note).Program and Financing(in millions of dollars)Identification code 86–0303–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0001Contract Renewals7,9307,7788,458
0002Contract Renewals (Recovery Act)19
0003Section 8 Amendments583656672
0004Contract Administrators232232289
0005Vouchers for Disaster Relief32
0006Tenant Information and Outreach1010
0900Total new obligations (object class 41.0)8,7678,6789,429
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 11681271
1021Recoveries of prior year unpaid obligations168
1050Unobligated balance (total)3361271
Budget authority:
Appropriations, discretionary:
1100Appropriation8,1588,1589,035
Advance appropriations, discretionary:
1170Advance appropriation400394394
1900Budget authority (total)8,5588,5529,429
1930Total budgetary resources available8,8948,6799,430
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year12711
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)4,6915,0084,834
3030Obligations incurred, unexpired accounts8,7678,6789,429
3040Outlays (gross)–8,282–8,852–9,378
3080Recoveries of prior year unpaid obligations, unexpired–168
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)5,0084,8344,885
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross8,5588,5529,429
Outlays, gross:
4010Outlays from new discretionary authority4,0345,2895,815
4011Outlays from discretionary balances4,2483,5633,563
4020Outlays, gross (total)8,2828,8529,378
4180Budget authority, net (total)8,5588,5529,429
4190Outlays, net (total)8,2828,8529,378
Public Housing Capital Fund public housing capital fundFor the Public Housing Capital Fund Program to carry out capital and management activities for public housing agencies, as authorized under section 9 of the United States Housing Act of 1937 (42 U.S.C. 1437g) (the "Act''), $2,044,200,000$2,405,345,000, to remain available until September 30, 20142015: Provided, That notwithstanding any other provision of law or regulation, during fiscal year 20112012 the Secretary of Housing and Urban Development may not delegate to any Department official other than the Deputy Secretary and the Assistant Secretary for Public and Indian Housing any authority under paragraph (2) of section 9(j) regarding the extension of the time periods under such section: Provided further, That for purposes of such section 9(j), the term "obligate'' means, with respect to amounts, that the amounts are subject to a binding agreement that will result in outlays, immediately or in the future: Provided further, That up to $15,345,000 shall be to support the ongoing Public Housing Financial and Physical Assessment activitiesof the Real Estate Assessment Center (REAC): Provided further, That of the total amount provided under this heading, not to exceed $20,000,000, shall be available for the Secretary to make grants, notwithstanding section 204 of this Act, to public housing agencies for emergency capital needs, including needs resulting from unforeseen or unpreventable emergencies and natural disasters excluding Presidentially declared emergencies and natural disasters under the Robert T. Stafford Disaster Relief and Emergency Act (42 U.S.C. 5121 et seq.) occurring in fiscal year 20112012: Provided further, That of the total amount provided under this heading up to $8,820,000$5,000,000 is to support the costs of administrative and judicial receiverships: Provided further, That from the funds made available under this heading, the Secretary shall provide bonus awards in fiscal year 20112012 to public housing agencies that are designated high performers. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The Public Housing Capital Fund, a formula-driven program based on estimated need, is designed to respond to the capital and management improvement requirements of public housing. The program preserves and enhances a valuable affordable housing resource, which serves approximately 1.2 million families with limited incomes. Of those families, 30 percent are elderly and 34 percent are disabled. Of the $2.4 billion requested for this program, over $2.3 billion will fund capital grants to public housing authorities. The balance includes up to $15 million for public housing financial and physical assessment support, up to $20 million for emergency capital needs resulting from non-Presidentially declared emergencies and natural disasters, and up to $5 million for administrative and judicial receiverships. Program and Financing(in millions of dollars)Identification code 86–0304–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0001Capital Grants2,3742,3982,365
0002Modernization Technical Assistance56
0003Emergency/Disaster Reserve233020
0006Resident Opportunities and Supportive Services4497
0007Administrative Receivership10175
0008Financial and Physical Assessment Support141615
0009Early Childhood Education Facilities3535
0011Recovery Act16
0900Total new obligations2,4862,5992,440
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 112818735
1021Recoveries of prior year unpaid obligations136
1025Unobligated balance of contract authority withdrawn–68
1029Other balances withdrawn–53
1050Unobligated balance (total)19613435
Budget authority:
Appropriations, discretionary:
1100Appropriation2,5002,5002,405
1120Appropriations transferred to other accounts–25
1160Appropriation, discretionary (total)2,4752,5002,405
Spending authority from offsetting collections, mandatory:
1800Collected2
1900Budget authority (total)2,4772,5002,405
1930Total budgetary resources available2,6732,6342,440
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year18735
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)10,6297,7626,445
3030Obligations incurred, unexpired accounts2,4862,5992,440
3040Outlays (gross)–5,211–3,916–3,353
3080Recoveries of prior year unpaid obligations, unexpired–136
3081Recoveries of prior year unpaid obligations, expired–6
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)7,7626,4455,532
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross2,4752,5002,405
Outlays, gross:
4010Outlays from new discretionary authority636360
4011Outlays from discretionary balances4,2483,8533,293
4020Outlays, gross (total)4,3113,9163,353
Mandatory:
4090Budget authority, gross2
Outlays, gross:
4100Outlays from new mandatory authority2
4101Outlays from mandatory balances898
4110Outlays, gross (total)900
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123Non-Federal sources–2
4160Budget authority, net (mandatory)
4170Outlays, net (mandatory)898
4180Budget authority, net (total)2,4752,5002,405
4190Outlays, net (total)5,2093,9163,353
Memorandum (non-add) entries:
5052Obligated balance, SOY: Contract authority68
5053Obligated balance, EOY: Contract authority
Object Classification(in millions of dollars)Identification code 86–0304–0–1–6042010 actualCR2012 est.
41.0Direct obligations: Grants, subsidies, and contributions2,4842,5992,440
99.0Reimbursable obligations: reimbursable obligations2
99.9Total new obligations2,4862,5992,440
Public Housing Operating Fund public housing operating fund(including transfer of funds)For 20112012 payments to public housing agencies (PHAs) for the operation and management of public housing, as authorized by section 9(e) of the United States Housing Act of 1937 (42 U.S.C. 1437g(e)), $4,829,000,000$3,961,850,000: Provided, That, in determining public housing agencies' (PHAs), including Moving to Work (MTW) agencies', calendar year 2012 funding allocations under this heading, the Secretary shall take into account PHAs' excess operating reserves, as determined by the Secretary: Provided further, That if sufficient reserve-level data are not available with respect to the previous proviso, the Secretary may make a pro rata reduction in funding provided under this heading to PHAs, including MTW agencies. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The Budget request of $3.962 billion, coupled with $1 billion from Public Housing Authorities' (PHAs) operating reserves, will fund 100 percent of PHAs' estimated eligibility for operating subsidies under the Operating Fund formula ($4.962 billion total). Operating subsidies are provided to PHAs to assist in funding the operation and maintenance expenses of public housing units in accordance with Section 9(e) of the United States Housing Act of 1937. Many PHAs are currently holding significant operating reserves accumulated primarily from prior-year appropriations for the Operating Fund program. Operating reserves represent cash available to PHAs for operating expenses and other eligible activities under the program. The Budget proposes to reduce funding allocations to PHAs that have more than sufficient (i.e., excess) reserve levels. PHAs that receive reduced allocations will be able to maintain adequate reserve levels to protect against unforeseen circumstances such as emergency operating needs, declining tenant incomes, or spikes in utility prices.The tables below display the sources of PHAs' revenue and expenditures by category and are based on annual financial statements reported during calendar year 2009.. Sources of PHAs' Operating Revenue(in millions of dollars)CategoryAnnual incomePercent of total
Operating Subsidies$4,74461%
Dwelling Rental$2,65134%
Other Income3655%
Total, Operating Revenue$7,760100%
|
|
|
Represent HUD's contributions to a PHA's operating budget. After consultation with PHAs, HUD adopted the current formula in 2007 based on the congressionally sanctioned cost study conducted by the Harvard Graduate School of Design. HUD sets a formula-determined project expense level (PEL) for each project and separately computes the project utility expense level (UEL) and audit costs. The subsidy is the projected PEL, UEL, and allowable add-on expenses minus projected dwelling rental income. Income derived from tenants' rents.Includes income from other sources such as renting rooftop space for signs or broadcasting, and from operating services for tenants, such as laundromats or day care centers. PHAs' Operating Expenditures(in millions of dollars)CategoryAnnual expendituresPercent of total
Utilities$1,53922%
Administration$2,09730%
Maintenance$2,18931%
General Operating Expenses$77311%
Tenant Services$1943%
Protective Services$1813%
|
Total, Operating Expenses$6,973100%
|
Includes water, sewer, electricity, gas, and fuel. Includes administrative salaries, legal expenses, staff training, travel, accounting fees, auditing fees, sundry, and outside management costs. Consists of expenses for labor, materials, contracts, and garbage fees associated with the day-to-day operation of the public housing authority.General Operating ExpensesIncludes insurance, payments made to local governments in lieu of taxes, terminal leave payments, employee benefit contributions, collection losses, interest on administrative and sundry notes, and other general expenses. Covers salaries, recreation, publication, contract costs, training, and other expenses. Includes expenses for labor, materials, and contract costs.Program and Financing(in millions of dollars)Identification code 86–0163–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0001Operating Subsidy4,7544,7753,962
0900Total new obligations (object class 41.0)4,7544,7753,962
Budgetary Resources:
Budget authority:
Appropriations, discretionary:
1100Appropriation4,7754,7753,962
1120Appropriations transferred to other accounts–15
1160Appropriation, discretionary (total)4,7604,7753,962
1930Total budgetary resources available4,7604,7753,962
Memorandum (non-add) entries:
1940Unobligated balance expiring–6
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)1,1851,3351,337
3030Obligations incurred, unexpired accounts4,7544,7753,962
3040Outlays (gross)–4,603–4,773–4,190
3081Recoveries of prior year unpaid obligations, expired–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1,3351,3371,109
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross4,7604,7753,962
Outlays, gross:
4010Outlays from new discretionary authority3,4293,4382,853
4011Outlays from discretionary balances1,1741,3351,337
4020Outlays, gross (total)4,6034,7734,190
4180Budget authority, net (total)4,7604,7753,962
4190Outlays, net (total)4,6034,7734,190
Drug Elimination Grants for Low-income Housing No new appropriations have been provided for the Public Housing Drug Elimination Grants program since 2001. Program and Financing(in millions of dollars)Identification code 86–0197–0–1–6042010 actualCR2012 est.
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1111
1930Total budgetary resources available111
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year111
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)111
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)111
4180Budget authority, net (total)
4190Outlays, net (total)
Choice NeighborhoodsFor competitive grants under the Choice Neighborhoods Initiative for transformation, rehabilitation and replacement housing needs of both public and HUD-assisted housing and to transform neighborhoods of extreme poverty into functioning, sustainable mixed income neighborhoods with appropriate services, schools, public assets, transportation and access to jobs, $250,000,000, to remain available until September 30, 2014: Provided, That not to exceed $10,000,000 of funds made available under this heading may be used for technical assistance and contract expertise, including training and the cost of necessary travel for participants in such training, to be provided directly or indirectly through grants, contracts or cooperative agreements by or to officials of the Department and to public housing agencies and residents: Provided further, That grant funds may be used for resident and community services, community development and affordable housing needs in the community, and for conversion of vacant, or foreclosed and other blighted properties in the neighborhood to affordable housing: Provided further, That grantees shall undertake comprehensive local planning with input from residents and the community, and that grantees shall provide a match in state, local, other Federal or private funds: Provided further, That grantees may include local governments, public housing authorities, non-profits and for-profit developers, and that such grantees shall create partnerships with other local organizations including assisted housing owners, service agencies and resident organizations: Provided further, That the Secretary shall consult with the Secretaries of Education, Labor, Transportation, Health and Human Services, Agriculture, and Commerce, the Attorney General and the Administrator of the Environmental Protection Agency to coordinate and leverage other appropriate fFederal resources: Provided further, That no more than ten percent of funds made available under this heading may be provided for planning grants to assist communities in developing comprehensive strategies for implementing this program in conjunction with community notice and input: Provided further, That the Secretary shall develop and publish guidelines for the use of such competitive funds, including but not limited to eligible activities, program requirements, and performance metrics: Provided further, That not to exceed $5,000,000 of funds made available under this heading and any funds transferred to HUD from the Departments of Health and Human Services, Education, and Justice may be used for a Neighborhood Revitalization Grant (NRG) initiative: Provided further, That the NRG initiative shall provide competitive grants to local governments or organizations partnering with local governments to fill key gaps that would otherwise hamper revitalization activities, build organizational capacity for collaborative data utilization and evidence-based planning, and for other neighborhood revitalization activities as determined by the Secretary: Provided further, That all balances of amounts made available for the Choice Neighborhoods Initiative under the heading Revitalization of Severely Distressed Public Housing (HOPE VI) in the Department of Housing and Urban Development Appropriations Act, 2010 >shall be transferred to and merged with amounts made available under this headingthis account.Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution. The Budget proposes $250 million for the Choice Neighborhoods Initiative to continue the transformation of neighborhoods of poverty into functioning, sustainable mixed-income neighborhoods with appropriate services, schools, public assets, transportation, and access to jobs. The goal of the program, first funded in 2010, is to demonstrate that concentrated and coordinated neighborhood investments from multiple sources can transform a distressed neighborhood and improve the quality of life of current and future residents. HUD expects to award its first Choice Neighborhoods planning and implementation grants in March and September 2011, respectively. Choice Neighborhoods implementation grants primarily fund the preservation, rehabilitation, and transformation of public housing and other HUD-assisted multifamily rental housing. These grants build on the successes of public housing transformation under HOPE VI with a broader approach to concentrated poverty. Grantees include not only public housing authorities but also local governments, non-profits and for-profit developers. Grant funds can be used for resident and community services, community development and affordable housing activities in surrounding communities, and multifamily or single family property disposition, including the conversion of these properties to affordable housing. The Budget will fund 5 to 7 implementation grants. Grantees are required to undertake comprehensive local planning with input from residents and the community. A strong emphasis is placed on local community planning for school and educational improvements, including early childhood initiatives. Up to ten percent of the request will fund 50 to 75 planning grants to assist local partnerships to develop strong proposals for future implementation grant competitions. The Budget also emphasizes coordination with other Federal agencies, notably the Departments of Education, Justice, Health and Human Services and Treasury, through the White House Neighborhood Revitalization Initiative. To complement Choice Neighborhoods and other existing Federal investments in distressed neighborhoods and to strengthen interagency coordination, the 2012 Budget proposes a Neighborhood Revitalization Grant (NRG) initiative. This initiative will award grants of $3-$5 million to approximately 4 to 7 high-need neighborhoods to: (1) fill key gaps that would otherwise hamper revitalization; (2) build organizational capacity for data utilization and evidence-based planning; and (3) leverage and target large and flexible funding sources from Federal agencies, as well as State, local, and private dollars. The NRG initiative is funded by $5 million from Choice Neighborhoods and contributions of up to $5 million from each of the following Departments: Education, Justice, and Health and Human Services. Program and Financing(in millions of dollars)Identification code 86–0349–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0001Choice Neighborhoods Grants65
0900Total new obligations (object class 41.0)65
Budgetary Resources:
Unobligated balance:
1011Unobligated balance transferred from other accounts65
Budget authority:
Appropriations, discretionary:
1100Appropriation250
1930Total budgetary resources available315
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year250
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)
3030Obligations incurred, unexpired accounts65
3040Outlays (gross)–7
3061Unpaid obligations transferred from other accounts65
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)123
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross250
Outlays, gross:
4010Outlays from new discretionary authority7
4180Budget authority, net (total)250
4190Outlays, net (total)7
Revitalization of Severely Distressed Public Housing (HOPE VI) Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The HOPE VI program, in coordination with funding from the Public Housing Capital Fund, has accomplished its goal of contributing to the demolition of 100,000 severely distressed public housing units. The Budget proposes no additional funds for this program. Instead, the Budget proposes to build on the success of HOPE VI with its Choice Neighborhoods Initiative. First funded in 2010, Choice Neighborhoods makes a broad range of transformative investments in high-poverty neighborhoods where public housing and other HUD-assisted housing is concentrated. HUD expects to award its first Choice Neighborhoods planning and implementation grants in March and September 2011, respectively. Remaining balances of HOPE VI grants will spend out over several years as redevelopment projects are completed. Cumulative results of the HOPE VI program as of September 30, 2010 are as follows: 73,167 households relocated; 96,017 units demolished; 83,951 units (new and rehabilitated) completed; and 82,425 completed units occupied. Program and Financing(in millions of dollars)Identification code 86–0218–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0001HOPE VI Grants119125125
0002HOPE VI Technical Assistance1910
0003Choice Neighborhoods Initiative65
0900Total new obligations (object class 41.0)120199135
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1118199200
1010Unobligated balance transferred to other accounts–65
1021Recoveries of prior year unpaid obligations3
1050Unobligated balance (total)121199135
Budget authority:
Appropriations, discretionary:
1100Appropriation200200
1120Appropriations transferred to other accounts–2
1160Appropriation, discretionary (total)198200
1930Total budgetary resources available319399135
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year199200
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)632564558
3030Obligations incurred, unexpired accounts120199135
3040Outlays (gross)–185–205–246
3060Unpaid obligations transferred to other accounts–65
3080Recoveries of prior year unpaid obligations, unexpired–3
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)564558382
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross198200
Outlays, gross:
4010Outlays from new discretionary authority5
4011Outlays from discretionary balances185200246
4020Outlays, gross (total)185205246
4180Budget authority, net (total)198200
4190Outlays, net (total)185205246
Native American Housing Block Grant native american housing block grantsFor the Native American Housing Block Grants program, as authorized under title I of the Native American Housing Assistance and Self-Determination Act of 1996 (NAHASDA) (25 U.S.C. 4111 et seq.), $580,000,000$700,000,000, to remain available until expended: Provided, That, notwithstanding the Native American Housing Assistance and Self-Determination Act of 1996, to determine the amount of the allocation under title I of such Act for each Indian tribe, the Secretary shall apply the formula under section 302 of such Act with the need component based on single-race Census data and with the need component based on multi-race Census data, and the amount of the allocation for each Indian tribe shall be the greater of the two resulting allocation amounts: Provided further, That of the amount provided under this heading, $2,000,000 shall be made available for the cost of guaranteed notes and other obligations, as authorized by title VI of NAHASDA: Provided further, That such costs, including the costs of modifying such notes and other obligations, shall be as defined in section 502 of the Congressional Budget Act of 1974, as amended: Provided further, That these funds are available to subsidize the total principal amount of any notes and other obligations, any part of which is to be guaranteed, not to exceed $20,000,000. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.Title I of the Native American Housing Assistance and Self-Determination Act (NAHASDA) of 1996 (P.L. 104–330) authorized the Native American Housing Block Grant program. This program provides an allocation of funds on a formula basis to Indian tribes and their tribally designated housing entities to help them address housing needs within their communities. HUD has determined, using 2000 Census data, that 273,658 American Indian/Alaska Native households, out of 965,684, have "severe housing needs." This is defined as a lack of basic plumbing or kitchen facilities, having more than 1.01 persons per room, or having a cost burden of over 50 percent of income. According to the Senate Committee on Indian Affairs, in 2002, 90,000 Indian families were homeless or underhoused. On tribal lands, 28 percent of Indian households were found to be overcrowded or to lack adequate plumbing and kitchen facilities, compared to 5.4 percent of national households. The Budget includes $700 million for the total activities of this program in 2012. Because of the appropriations provided in the Recovery Act, direct program output, as measured by outlays, will be at historically high levels in 2011.The Native American Housing Block Grant program includes a guaranteed loan provision (Title VI). A guarantee level of $20 million is proposed for this loan guarantee program for 2012. A primary goal of the Title VI program is to encourage private lenders to provide financing in Indian Country. Therefore, the program provides for the Federal guarantee of notes or other obligations issued by Indian tribes or tribally designated housing entities for the purpose of financing affordable housing activities described in section 202 of the Act. As required by the Federal Credit Reform Act of 1990, this account records, for this program, the subsidy costs associated with the loan guarantees committed in 1998 and beyond (including modifications of guarantees that resulted from obligations in any given year), as well as administrative expenses of this program. The subsidy amounts are estimated on a present value basis; the administrative expenses are estimated on a cash basis. Program and Financing(in millions of dollars)Identification code 86–0313–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0010Indian Housing Block Grants745761698
0011Technical Assistance712
0012NAIHC44
0014Recovery Act63
0091Direct program activities, subtotal762780698
Credit program obligations:
0702Loan guarantee subsidy22
0707Reestimates of loan guarantee subsidy1
0791Direct program activities, subtotal32
0900Total new obligations (object class 41.0)762783700
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1141885
1021Recoveries of prior year unpaid obligations9
1050Unobligated balance (total)150885
Budget authority:
Appropriations, discretionary:
1100Appropriation700700700
1930Total budgetary resources available850788705
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year8855
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)1,4721,3691,319
3030Obligations incurred, unexpired accounts762783700
3040Outlays (gross)–856–833–730
3080Recoveries of prior year unpaid obligations, unexpired–9
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1,3691,3191,289
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross700700700
Outlays, gross:
4010Outlays from new discretionary authority203207207
4011Outlays from discretionary balances653626523
4020Outlays, gross (total)856833730
4180Budget authority, net (total)700700700
4190Outlays, net (total)856833730
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program(in millions of dollars)Identification code 86–0313–0–1–6042010 actualCR2012 est.
Guaranteed loan levels supportable by subsidy budget authority:
215001Title VI Indian Federal Guarantees Program32020
215999Total loan guarantee levels32020
Guaranteed loan subsidy (in percent):
232001Title VI Indian Federal Guarantees Program11.1810.2010.80
232999Weighted average subsidy rate11.1810.2010.80
Guaranteed loan subsidy budget authority:
233001Title VI Indian Federal Guarantees Program22
233999Total subsidy budget authority22
Guaranteed loan subsidy outlays:
234001Title VI Indian Federal Guarantees Program22
234999Total subsidy outlays22
Guaranteed loan upward reestimates:
235001Title VI Indian Federal Guarantees Program1
235999Total upward reestimate budget authority1
Guaranteed loan downward reestimates:
237001Title VI Indian Federal Guarantees Program–3–3
237999Total downward reestimate subsidy budget authority–3–3
Native Hawaiian Housing Block Grant native hawaiian housing block grantFor the Native Hawaiian Housing Block Grant program, as authorized under title VIII of the Native American Housing Assistance and Self-Determination Act of 1996 (25 U.S.C. 4111 et seq.), $10,000,000, to remain available until expended. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The Hawaiian Homelands Homeownership Act of 2000 (P.L. 106–568) amended the Native American Housing Assistance and Self-Determination Act of 1996 by adding Title VIII, which authorized the Native Hawaiian Housing Block Grant program. This program provides an allocation of funds to assist and promote affordable housing activities to develop, maintain and operate affordable housing for eligible low-income Native Hawaiian families.It authorizes annual grants to the Department of Hawaiian Home Lands (DHHL) for housing and housing-related assistance, pursuant to an annual housing plan, within the area in which DHHL is authorized to provide that assistance. DHHL uses performance measures and benchmarks that are based on the needs and priorities established in its five- and one-year housing plans. The Budget requests $10 million for this program.Program and Financing(in millions of dollars)Identification code 86–0235–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0001Native Hawaiian Housing Block Grant132910
0900Total new obligations (object class 41.0)132910
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 11171
Budget authority:
Appropriations, discretionary:
1100Appropriation131310
Spending authority from offsetting collections, discretionary:
1700Collected16
1900Budget authority (total)291310
1930Total budgetary resources available303011
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year1711
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)152033
3030Obligations incurred, unexpired accounts132910
3040Outlays (gross)–8–16–8
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)203335
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross291310
Outlays, gross:
4010Outlays from new discretionary authority11
4011Outlays from discretionary balances8157
4020Outlays, gross (total)8168
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033Non-Federal sources–16
4070Budget authority, net (discretionary)131310
4080Outlays, net (discretionary)–8168
4180Budget authority, net (total)131310
4190Outlays, net (total)–8168
Low-rent Public Housing—loans and Other Expenses The Low-Rent Public Housing Loan Fund provides direct Federal loans to fund remaining Public Housing Agency (PHA) and Indian Housing Authority (IHA) construction, acquisition, and modernization activities reserved under the Annual Contributions appropriation through 1986. These loans are made by borrowing from the Treasury. Under legislation enacted during 1986 (P.L. 99–272), amounts borrowed from the Treasury are forgiven at the end of each fiscal year and the loans to PHAs/IHAs are forgiven as construction, acquisition, and modernization activities are completed. Since 1987, new reservations of capital funds for construction, acquisition, and modernization activities have been provided directly from the Public Housing Capital Fund appropriations.Program and Financing(in millions of dollars)Identification code 86–4098–0–3–6042010 actualCR2012 est.
Budgetary Resources:
Budget authority:
Spending authority from offsetting collections, mandatory:
1800Collected587
1825Spending authority from offsetting collections applied to repay debt–587
1850Spending auth from offsetting collections, mand (total)
1900Budget authority (total)
1930Total budgetary resources available
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)148
3040Outlays (gross)–148
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross
Outlays, gross:
4101Outlays from mandatory balances148
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4120Federal sources–587
4160Budget authority, net (mandatory)–587
4170Outlays, net (mandatory)–439
4180Budget authority, net (total)–587
4190Outlays, net (total)–439
Status of Direct Loans(in millions of dollars)Identification code 86–4098–0–3–6042010 actualCR2012 est.
Cumulative balance of direct loans outstanding:
1210Outstanding, start of year587587587
1251Repayments: Repayments and prepayments
1290Outstanding, end of year587587587
Status of Guaranteed Loans(in millions of dollars)Identification code 86–4098–0–3–6042010 actualCR2012 est.
Cumulative balance of guaranteed loans outstanding:
2210Outstanding, start of year456456456
2251Repayments and prepayments
2290Outstanding, end of year456456456
Memorandum:
2299Guaranteed amount of guaranteed loans outstanding, end of year
Balance Sheet(in millions of dollars)Identification code 86–4098–0–3–6042009 actual2010 actual
ASSETS:
1101Federal assets: Fund balances with Treasury148
1601Direct loans, gross588
1602Interest receivable36
1604Direct loans and interest receivable, net624
1699Value of assets related to direct loans624
1999Total assets772
LIABILITIES:
Federal liabilities:
2102Interest payable71
2104Resources payable to Treasury587
2999Total liabilities658
NET POSITION:
3100Appropriated capital1218
3300Cumulative results of operations–7–8
3999Total net position114
4999Total liabilities and net position772
Indian Housing Loan Guarantee Fund Program Account indian housing loan guarantee fund program accountFor the cost of guaranteed loans, as authorized by section 184 of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z), $9,000,000$7,000,000, to remain available until expended: Provided, That such costs, including the costs of modifying such loans, shall be as defined in section 502 of the Congressional Budget Act of 1974: Provided further, That these funds are available to subsidize total loan principal, any part of which is to be guaranteed, up to $994,000,000$428,000,000: Provided further, That up to $750,000 shall be for administrative contract expenses including management processes and systems to carry out the loan guarantee program. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.As required by the Federal Credit Reform Act of 1990, this account records, for this program, the subsidy costs associated with the loan guarantees committed in 1992 and beyond (including modifications of guarantees that resulted from obligations in any year). The subsidy amounts are estimated on a net present value basis. The administrative expenses are shown on a cash basis.This program provides access to sources of private financing for Indian families, Indian tribes, and their tribally designated housing entities who otherwise could not acquire housing financing because of the unique legal status of Indian trust land. The Budget proposes $7 million to support additional loan guarantee activity and to provide managerial and systems support. The program has issued 12,062 loan guarantees totaling $1.82 billion since 1995, with 48 percent of the activity occurring in 2009 and 2010. Program growth for 2012 is expected to increase by 30 percent, representing almost $830 million in obligated lending authority, comprised of 5,188 loans. Even through the national foreclosure crisis, the program maintains a claims rate of less than one percent.Program and Financing(in millions of dollars)Identification code 86–0223–0–1–3712010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0702Loan guarantee subsidy448
0707Reestimates of loan guarantee subsidy11
0709Administrative expenses11
0900Total new obligations569
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1157
1021Recoveries of prior year unpaid obligations1
1050Unobligated balance (total)257
Budget authority:
Appropriations, discretionary:
1100Appropriation777
Appropriations, mandatory:
1200Appropriation11
1900Budget authority (total)887
1930Total budgetary resources available101314
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year575
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)52
3030Obligations incurred, unexpired accounts569
3040Outlays (gross)–7–8–9
3080Recoveries of prior year unpaid obligations, unexpired–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)2
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross777
Outlays, gross:
4010Outlays from new discretionary authority366
4011Outlays from discretionary balances313
4020Outlays, gross (total)679
Mandatory:
4090Budget authority, gross11
Outlays, gross:
4100Outlays from new mandatory authority11
4180Budget authority, net (total)887
4190Outlays, net (total)789
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program(in millions of dollars)Identification code 86–0223–0–1–3712010 actualCR2012 est.
Guaranteed loan levels supportable by subsidy budget authority:
215001Indian Housing Loan Guarantee536482428
215999Total loan guarantee levels536482428
Guaranteed loan subsidy (in percent):
232001Indian Housing Loan Guarantee0.680.831.46
232999Weighted average subsidy rate0.680.831.46
Guaranteed loan subsidy budget authority:
233001Indian Housing Loan Guarantee447
233999Total subsidy budget authority447
Guaranteed loan subsidy outlays:
234001Indian Housing Loan Guarantee558
234999Total subsidy outlays558
Guaranteed loan upward reestimates:
235001Indian Housing Loan Guarantee12
235999Total upward reestimate budget authority12
Guaranteed loan downward reestimates:
237001Indian Housing Loan Guarantee–8–4
237999Total downward reestimate subsidy budget authority–8–4
Administrative expense data:
3510Budget authority71
3590Outlays from new authority11
Object Classification(in millions of dollars)Identification code 86–0223–0–1–3712010 actualCR2012 est.
Direct obligations:
25.2Other services from non-federal sources11
41.0Grants, subsidies, and contributions558
99.9Total new obligations569
Indian Housing Loan Guarantee Fund Financing Account As required by the Federal Credit Reform Act of 1990, this non-budgetary account records all cash flows to and from the Government resulting from the loan guarantees committed in 1992 and beyond (including modifications of loan guarantees that resulted from obligations in any year). The amounts in this account are a means of financing and are not included in the budget totals. As required by the Federal Credit Reform Act of 1990, no administrative expenses can be recorded in the financing account.Program and Financing(in millions of dollars)Identification code 86–4104–0–3–6042010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0711Default claim payments on principal91214
0712Default claim payments on interest12
0713Payment of interest to Treasury11
0742Downward reestimate paid to receipt account83
0743Interest on downward reestimates1
0900Total new obligations181717
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1373634
Financing authority:
Borrowing authority, mandatory:
1400Borrowing authority55
Spending authority from offsetting collections, mandatory:
1800Collected151212
1801Change in uncollected payments, Federal sources–3–2
1850Spending auth from offsetting collections, mand (total)121012
1900Financing authority(total)171512
1930Total budgetary resources available545146
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year363429
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)7
3010Uncollected pymts, Fed sources, brought forward, Oct 1–5–2
3020Obligated balance, start of year (net)–5–27
3030Obligations incurred, unexpired accounts181717
3040Financing disbursements (gross)–18–10
3050Change in uncollected pymts, Fed sources, unexpired32
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)724
3091Uncollected pymts, Fed sources, end of year–2
3100Obligated balance, end of year (net)–2724
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross171512
Financing disbursements:
4110Financing disbursements, gross1810
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Federal sources: Payments from program account–7–8–8
4122Interest on uninvested funds–1–1–1
4123Non-Federal sources–7–3–3
4130Offsets against gross financing auth and disbursements (total)–15–12–12
Additional offsets against financing authority only (total):
4140Change in uncollected pymts, Fed sources, unexpired32
4160Financing authority, net (mandatory)55
4170Financing disbursements, net (mandatory)3–2–12
4180Financing authority, net (total)55
4190Financing disbursements, net (total)3–2–12
Status of Guaranteed Loans(in millions of dollars)Identification code 86–4104–0–3–6042010 actualCR2012 est.
Position with respect to appropriations act limitation on commitments:
2111Limitation on guaranteed loans made by private lenders536482428
2121Limitation available from carry-forward929292
2143Uncommitted limitation carried forward–92–92–92
2150Total guaranteed loan commitments536482428
2199Guaranteed amount of guaranteed loan commitments536482428
Cumulative balance of guaranteed loans outstanding:
2210Outstanding, start of year1,1731,7082,614
2231Disbursements of new guaranteed loans544919428
2251Repayments and prepayments–40
2263Adjustments: Terminations for default that result in claim payments–9–13–16
2290Outstanding, end of year1,7082,6142,986
Memorandum:
2299Guaranteed amount of guaranteed loans outstanding, end of year1,7082,6142,986
Balance Sheet(in millions of dollars)Identification code 86–4104–0–3–6042009 actual2010 actual
ASSETS:
1101Federal assets: Fund balances with Treasury3234
1999Total assets3234
LIABILITIES:
2103Federal liabilities: Debt Payable to Treasury510
Non-Federal liabilities:
2204Liabilities for loan guarantees134
2207Unearned revenues and advances1420
2999Total liabilities3234
4999Total liabilities and net position3234
Native Hawaiian Housing Loan Guarantee Fund Program Account native hawaiian housing loan guarantee fund program account As required by the Federal Credit Reform Act of 1990, this account records, for this program, the subsidy costs associated with the loan guarantees committed in 2001 and beyond (including modifications of guarantees that resulted from obligations in any year). The subsidy amounts are estimated on a net present value basis. The administrative expenses are shown on a cash basis.This program provides access to sources of private financing to eligible Native Hawaiian families who reside on the Hawaiian Home Lands and who otherwise could not acquire private financing because of the unique legal status of the Hawaiian Home Lands. No funds are requested for 2012 as there are sufficient unobligated balances to meet program demand.Program and Financing(in millions of dollars)Identification code 86–0233–0–1–3712010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0702Loan guarantee subsidy112
0900Total new obligations (object class 41.0)112
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1444
Budget authority:
Appropriations, discretionary:
1100Appropriation11
1930Total budgetary resources available554
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year442
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)
3030Obligations incurred, unexpired accounts112
3040Outlays (gross)–1–1–2
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross11
Outlays, gross:
4010Outlays from new discretionary authority11
4011Outlays from discretionary balances2
4020Outlays, gross (total)112
4180Budget authority, net (total)11
4190Outlays, net (total)112
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program(in millions of dollars)Identification code 86–0233–0–1–3712010 actualCR2012 est.
Guaranteed loan levels supportable by subsidy budget authority:
215001Native Hawaiian Housing Loan Guarantees424242
215999Total loan guarantee levels424242
Guaranteed loan subsidy (in percent):
232001Native Hawaiian Housing Loan Guarantees2.520.830.93
232999Weighted average subsidy rate2.520.830.93
Guaranteed loan subsidy budget authority:
233001Native Hawaiian Housing Loan Guarantees111
233999Total subsidy budget authority111
Guaranteed loan subsidy outlays:
234001Native Hawaiian Housing Loan Guarantees111
234999Total subsidy outlays111
Native Hawaiian Housing Loan Guarantee Fund Financing Account As required by the Federal Credit Reform Act of 1990, this non-budgetary account records all cash flows to and from the government resulting from the loan guarantees committed in 2001 and beyond (including modifications of loan guarantees that resulted from obligations in any year). The amounts in this account are a means of financing and are not included in the budget totals. As required by the Federal Credit Reform Act of 1990, no administrative expenses can be recorded in the financing account.Program and Financing(in millions of dollars)Identification code 86–4351–0–3–3712010 actualCR2012 est.
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1123
Financing authority:
Spending authority from offsetting collections, mandatory:
1800Collected111
1930Total budgetary resources available234
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year234
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)111
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)111
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross111
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Federal sources: Payments from program account–1–1–1
4160Financing authority, net (mandatory)
4170Financing disbursements, net (mandatory)–1–1–1
4180Financing authority, net (total)
4190Financing disbursements, net (total)–1–1–1
Status of Guaranteed Loans(in millions of dollars)Identification code 86–4351–0–3–3712010 actualCR2012 est.
Position with respect to appropriations act limitation on commitments:
2111Limitation on guaranteed loans made by private lenders424242
2121Limitation available from carry-forward212212212
2143Uncommitted limitation carried forward–212–212–212
2150Total guaranteed loan commitments424242
2199Guaranteed amount of guaranteed loan commitments424242
Cumulative balance of guaranteed loans outstanding:
2210Outstanding, start of year80101122
2231Disbursements of new guaranteed loans212121
2290Outstanding, end of year101122143
Memorandum:
2299Guaranteed amount of guaranteed loans outstanding, end of year282828
Balance Sheet(in millions of dollars)Identification code 86–4351–0–3–3712009 actual2010 actual
ASSETS:
1101Federal assets: Fund balances with Treasury1
1999Total assets1
LIABILITIES:
2204Non-Federal liabilities: Liabilities for loan guarantees1
2999Total liabilities1
4999Total liabilities and net position1
Title VI Indian Federal Guarantees Financing Account As required by the Federal Credit Reform Act of 1990, this non-budgetary account records all cash flows to and from the Government resulting from loan guarantees committed in 1992 and beyond (including modifications of loan guarantees that resulted from commitments in any year). The amounts in this account are a means of financing and are not included in the budget totals. As required by the Federal Credit Reform Act of 1990, no administrative expenses can be recorded in the financing account.Program and Financing(in millions of dollars)Identification code 86–4244–0–3–6042010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0711Default claim payments on principal11
0712Default claim payments on interest11
0742Downward reestimate paid to receipt account22
0743Interest on downward reestimates11
0900Total new obligations352
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1131110
Financing authority:
Spending authority from offsetting collections, mandatory:
1800Collected142
1930Total budgetary resources available141512
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year111010
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)2
3030Obligations incurred, unexpired accounts352
3040Financing disbursements (gross)–3–3
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)24
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross142
Financing disbursements:
4110Financing disbursements, gross33
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Federal sources–3–2
4122Interest on uninvested funds–1–1
4130Offsets against gross financing auth and disbursements (total)–1–4–2
4160Financing authority, net (mandatory)
4170Financing disbursements, net (mandatory)2–1–2
4180Financing authority, net (total)
4190Financing disbursements, net (total)2–1–2
Status of Guaranteed Loans(in millions of dollars)Identification code 86–4244–0–3–6042010 actualCR2012 est.
Position with respect to appropriations act limitation on commitments:
2111Limitation on guaranteed loans made by private lenders32020
2121Limitation available from carry-forward323232
2143Uncommitted limitation carried forward–32–32–32
2150Total guaranteed loan commitments32020
2199Guaranteed amount of guaranteed loan commitments32020
Cumulative balance of guaranteed loans outstanding:
2210Outstanding, start of year106114122
2231Disbursements of new guaranteed loans131515
2251Repayments and prepayments–5–5–5
2263Adjustments: Terminations for default that result in claim payments–2–2
2290Outstanding, end of year114122130
Memorandum:
2299Guaranteed amount of guaranteed loans outstanding, end of year114115115
Balance Sheet(in millions of dollars)Identification code 86–4244–0–3–6042009 actual2010 actual
ASSETS:
1101Federal assets: Fund balances with Treasury1311
1999Total assets1311
LIABILITIES:
2204Non-Federal liabilities: Liabilities for loan guarantees1311
2999Total liabilities1311
4999Total liabilities and net position1311
Community Planning and Development Housing Opportunities for Persons with AIDS housing opportunities for persons with aidsFor carrying out the Housing Opportunities for Persons with AIDS program, as authorized by the AIDS Housing Opportunity Act (42 U.S.C. 12901 et seq.), $340,000,000$335,000,000, to remain available until September 30, 20122013, except that amounts allocated pursuant to section 854(c)(3) of such Act shall remain available until September 30, 20132014: Provided, That the Secretary shall renew all expiring contracts for permanent supportive housing that were funded under section 854(c)(3) of such Act that meet all program requirements before awarding funds for new contracts and activities authorized under this section. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution. The Housing Opportunities for Persons with AIDS (HOPWA) program is the only Federal program dedicated to address the urgent housing needs of low-income Americans living with HIV and AIDS. HOPWA funding provides States and localities with resources and incentives to devise long-term comprehensive strategies for planning and providing housing and supportive services to meet the complex, multiple needs of persons living with HIV and AIDS and their families. HOPWA funds have been demonstrated to help reduce the risk of homelessness, increase housing stability, and improve access to HIV care and health outcomes for program participants.Ninety percent of HOPWA funds are distributed to States and eligible metropolitan areas according to a formula, which is based on the number of AIDS cases in the jurisdiction and incidence of AIDS in metropolitan areas. The remaining ten percent is awarded competitively to States, local governments, and private nonprofit entities, for projects of national significance. Awards are also made to States and local governments for projects in jurisdictions that do not qualify for a formula allocation. HUD provides funding priority to the renewal of expiring competitive projects that provide permanent supportive housing. The $335 million requested for 2012 will support outcome goals in which assisted households will achieve housing stability in permanent housing. Program and Financing(in millions of dollars)Identification code 86–0308–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0001HOPWA Formula Grants290292280
0002HOPWA Competitive Grants233734
0003Technical Assistance1
0900Total new obligations (object class 41.0)314329314
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 193111117
Budget authority:
Appropriations, discretionary:
1100Appropriation335335335
1120Appropriations transferred to other accounts–3
1160Appropriation, discretionary (total)332335335
1930Total budgetary resources available425446452
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year111117138
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)434453461
3030Obligations incurred, unexpired accounts314329314
3040Outlays (gross)–294–321–325
3081Recoveries of prior year unpaid obligations, expired–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)453461450
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross332335335
Outlays, gross:
4010Outlays from new discretionary authority133
4011Outlays from discretionary balances293318322
4020Outlays, gross (total)294321325
4180Budget authority, net (total)332335335
4190Outlays, net (total)294321325
Community Development Fund community development fundFor assistance to units of State and local government, and to other entities, for economic and community development activities, and for other purposes, $4,380,100,000$3,781,368,000, to remain available until September 30, 20132014, unless otherwise specified: Provided, That of the total amount provided, $3,990,100,000$3,691,368,000 is for carrying out the community development block grant program under titleTitle I of the Housing and Community Development Act of 1974, as amended (the "Act'' herein) (42 U.S.C. 5301 et seq.): Provided further, That unless explicitly provided for under this heading (except for planning grants provided in the second paragraph and amounts made available under the third paragraph), not to exceed 20 percent of any grant made with funds appropriated under this heading shall be expended for planning and management development and administration: Provided further, That $65,000,000 shall be for grants to Indian tribes notwithstanding section 106(a)(1) of such Act, of which, notwithstanding any other provision of law (including section 204 of this Act), up to $3,960,000 may be used for emergencies that constitute imminent threats to health and safety.Of the amounts made available under this heading, $150,000,000 shall be available for the Catalytic Investment Competition Grants program with the purpose of providing economic development gap financing to implement and capitalize innovative and targeted economic investment: Provided, That grant funds shall be targeted to communities or neighborhoods: (1) experiencing demonstrated distress as defined by the Secretary; and (2) that have developed an innovative and robust plan with measurable outcomes to increase jobs and improve economic vitality in a target area: Provided further, That grant funds may be used for, but not limited, to activities that: (1) implement projects designed to reclaim vacant property; (2) remove or ameliorate property-related obstacles to economic recovery; and (3) support economic activities related to transit-oriented development: Provided further, That an eligible applicant shall be a unit of general local government; a non-profit entity; or a consortium that shall include an eligible public entity and a designated lead applicant and may consist of states, local units of governments, community development corporations, and for-profit and non-profit entities: Provided further that an eligible applicant shall exhibit a plan for the funds that includes measurable outcomes for job creation and economic activity and the capacity to implement such a plan: Provided further, That except as otherwise provided by this paragraph, amounts appropriated under this heading for the Catalytic Investment Competition Grants program shall be treated as though such funds were community development block grant funds under title I of the Housing and Community Development Act of 1974 (42 U.S.C. 5301 et seq.): Provided further, That in administering any amounts appropriated under this heading for the Catalytic Investment Competition Grants program, the Secretary may waive or specify alternative requirements to any provision under Title I of the Housing and Community Development Act of 1974 (except for those related to fair housing, nondiscrimination, labor standards, and the environment) to achieve the purposes of this proviso: Provided further, That all of the funds appropriated or otherwise made available under this heading for the Catalytic Investment Competition Grants program shall be used with respect to individuals and families whose income does not exceed 120 percent of area median income: Provided further, That for purposes of environmental review, if the applicant is not a unit of general local government, assistance and projects under this heading shall be treated as assistance for special projects that are subject to section 305(c) of the Multifamily Housing Property Disposition Reform Act of 1994, and shall be subject to the regulations issued by the Secretary to implement such section: Provided further, That the Secretary shall develop and publish guidelines for the use of funds made available for the Catalytic Investment Competition Grants program including, but not limited to, eligibility criteria, eligible activities, minimum grant amounts, and performance metrics.Of the amounts made available under this heading, $150,000,000 shall be made available for a Sustainable Communities Initiative to improve regional planning efforts that integrate housing and transportation decisions, and increase the capacity to improve land use and zoning: Provided, That $100,000,000 shall be for Regional Integrated Planning Grants to support the linking of transportation and land use planning: Provided further, That not less than $25,000,000 of the funding made available for Regional Integrated Planning Grants shall be awarded to metropolitan areas of less than 500,000: Provided further, That $40,000,000 shall be for Community Challenge Planning Grants to foster reform and reduce barriers to achieve affordable, economically vital, and sustainable communities: Provided further, That the Secretary will consult with the Secretary of Transportation in evaluating grant proposals: Provided further, That up to $10,000,000 shall be for a joint Department of Housing and Urban Development and Department of Transportation research effort that shall include a rigorous evaluation of the Regional Integrated Planning Grants and Community Challenge Planning Grants programs, as well as to provide funding for a clearinghouse and capacity building efforts: Provided further, That of the amounts made available under this heading, $25,000,000 shall be made available for the University Community Fund for grants to assist universities in revitalizing surrounding communities, with special attention to Historically Black Colleges and Universities, Tribal Colleges and Universities, Alaska Native/Native Hawaiian institutions, and Hispanic-Servicing Institutions: Provided further, That the Secretary shall develop and publish guidelines for the use of such competitive funds including, but not limited to, eligibility criteria, minimum grant amounts, and performance metrics. Of the amounts made available under this heading, $25,000,000 shall be made available for the Rural Innovation Fund for grants to Indian tribes, State housing finance agencies, State community and/or economic development agencies, local rural nonprofits and community development corporations to address the problems of concentrated rural housing distress and community poverty: Provided, That of the funding made available under the previous proviso, at least $5,000,000 shall be made available to promote economic development and entrepreneurship for federally recognized Indian Tribes, through activities including the capitalization of revolving loan programs and business planning and development, and technical assistance to increase capacity through training and outreach activities.Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The Community Development Fund account includes the Community Development Block Grant (CDBG) and other community and economic development programs administered by the Department of Housing and Urban Development (HUD). The CDBG program provides over 1,200 flexible annual formula grants to the States, Insular Areas, and local governments to benefit mainly low- to moderate-income persons. The funding is used for a wide range of community and economic development activities, such as public infrastructure improvements, housing rehabilitation and construction, job creation and retention, and public services (e.g., child care). Seventy percent of the CDBG formula grants are distributed to mainly urban areas (entitlement communities), and 30 percent to the States (non-entitlement communities). The 2012 Budget funds the CDBG formula grant program at $3.7 billion to assist State and local governments address local priorities and needs. This reduced amount reflects the need to balance Federal budget constraints with the difficult fiscal conditions confronting State and local governments. The Administration will work with State and local governments to better leverage CDBG formula funds to make progress on projects focused on economic growth. For example, the Administration will work with grantees to complement CDBG formula funds with other Federal investments, such as Sustainable Communities, Growth Zones, and Neighborhood Revitalization initiatives to help stabilize and revitalize local economies. The Indian Community Development program will continue to be funded at $65 million. This program provides eligible grantees with direct grants for use in developing viable Indian and Alaska Native Communities, including decent housing, a suitable living environment, and economic opportunities, primarily for low- and moderate-income persons.This account also includes $25 million for the Rural Innovation Fund in 2012. The Rural Innovation Fund will provide grants to a range of entities to address the problems of concentrated rural housing distress and community poverty.The 2012 Budget requests that the Sustainable Communities Initiative be funded as an independent account, and establishes an Office of Sustainable Housing and Communities, which administers the initiative, as a separate program bureau. This account also reflects prior year CDBG disaster supplemental spending, the 2009 American Recovery and Reinvestment Act funding of $1 billion in CDBG formula grants, and $2 billion for Neighborhood Stabilization Program (NSP) II competitive grants. The NSP grants are for emergency assistance for the redevelopment of abandoned and foreclosed homes. Both the $3.92 billion NSP funding from the Housing and Economic Recovery Act of 2008 and the $1 billion from the Dodd-Frank Wall Street Financial Reform and Consumer Protection Act are mandatory appropriations and are reflected in a separate account.Program and Financing(in millions of dollars)Identification code 86–0162–0–1–4512010 actualCR2012 est.
Obligations by program activity:
0001Community Development Formula Grants3,8724,6253,691
0003Indian Tribes666666
0004Special Purpose Grants26
0007Economic Development Initiative Grants186354
0008Neighborhood Initiative Demonstration2044
0010Disaster Assistance4,304713200
0011Recovery Act, CDBG18
0012Recovery Act, NSP Competitive1,980
0013Sustainable Communities148150
0014Rural Fund2525
0015University Fund2128
0016Administration, Operations, and Management3
0017Guam23
0900Total new obligations (object class 41.0)10,4726,0094,155
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 17,9692,000441
1021Recoveries of prior year unpaid obligations1
1050Unobligated balance (total)7,9702,000441
Budget authority:
Appropriations, discretionary:
1100Appropriation4,5504,4503,781
1120Appropriations transferred to other accounts–45
1121Appropriations transferred from other accounts23
1160Appropriation, discretionary (total)4,5054,4503,804
1930Total budgetary resources available12,4756,4504,245
Memorandum (non-add) entries:
1940Unobligated balance expiring–3
1941Unexpired unobligated balance, end of year2,00044190
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)17,34820,76318,716
3030Obligations incurred, unexpired accounts10,4726,0094,155
3040Outlays (gross)–7,043–8,056–7,807
3080Recoveries of prior year unpaid obligations, unexpired–1
3081Recoveries of prior year unpaid obligations, expired–13
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)20,76318,71615,064
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross4,5054,4503,804
Outlays, gross:
4010Outlays from new discretionary authority274538
4011Outlays from discretionary balances7,0168,0117,769
4020Outlays, gross (total)7,0438,0567,807
4180Budget authority, net (total)4,5054,4503,804
4190Outlays, net (total)7,0438,0567,807
Empowerment Zones/enterprise Communities/renewal Communities No new appropriation is requested for the Empowerment Zone (EZ) and Renewal Community (RC) programs in the 2012 Budget. The EZs' tax incentives were extended through December 31, 2011, while the tax incentives for RCs expired on December 31, 2009. The Budget includes a proposal for a new national competition to identify 20 growth zones (likely 14 urban zones and 6 rural zones) across the country. Growth Zones are designed to build on the success of Empowerment Zones, and will provide streamlined support to distressed communities. These zones will receive flexible grants for planning, seed capital, technical assistance, or other costs through the Economic Development Administration (EDA), as well as federal program flexibility, and two tax incentives: an employment incentive and an investment incentive. The competitive application process will reward communities that face distress and show promise for growth. The Department of Housing and Urban Development (HUD) will partner with EDA to help select urban zones, and HUD will also provide technical support to make the zones successful. Program and Financing(in millions of dollars)Identification code 86–0315–0–1–4512010 actualCR2012 est.
Budgetary Resources:
1930Total budgetary resources available
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)361
3040Outlays (gross)–35–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1
Budget authority and outlays, net:
Discretionary:
Outlays, gross:
4011Outlays from discretionary balances351
4180Budget authority, net (total)
4190Outlays, net (total)351
Brownfields Redevelopment brownfields redevelopment The 2012 Budget requests no funding for the Brownfields Economic Development Initiative (BEDI) program. BEDI is a competitive grant program designed to assist cities with the redevelopment of brownfield sites for the purposes of economic development and job creation. Brownfields are abandoned, idled, and underused industrial and commercial facilities and land where expansion and redevelopment is burdened by real or potential environmental contamination. The program is relatively small and local governments have access to other public and private funds, including the larger Community Development Block Grant (CDBG), which can serve similar purposes. Program and Financing(in millions of dollars)Identification code 86–0314–0–1–4512010 actualCR2012 est.
Obligations by program activity:
0001Cleanup and develop contaminated sites6107
0900Total new obligations (object class 41.0)6107
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 181826
Budget authority:
Appropriations, discretionary:
1100Appropriation1818
1930Total budgetary resources available263626
Memorandum (non-add) entries:
1940Unobligated balance expiring–2
1941Unexpired unobligated balance, end of year182619
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)725565
3030Obligations incurred, unexpired accounts6107
3040Outlays (gross)–17–3
3081Recoveries of prior year unpaid obligations, expired–6
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)556569
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross1818
Outlays, gross:
4011Outlays from discretionary balances173
4180Budget authority, net (total)1818
4190Outlays, net (total)173
Home Investment Partnership Program home investment partnerships programFor the HOME investment partnerships program, as authorized under title II of the Cranston-Gonzalez National Affordable Housing Act, as amended, $1,650,000,000, to remain available until September 30, 20132014: Provided, That, funds provided in prior appropriations Acts for technical assistance, that were made available for Community Housing Development Organizations technical assistance, and that still remain available, may be used for HOME technical assistance notwithstanding the purposes for which such amounts were appropriated. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The HOME Investment Partnerships Program is authorized by the National Affordable Housing Act (P.L. 101–625), as amended. This program provides flexible annual formula grant assistance to States and units of local government to increase the supply of affordable housing and expand homeownership for low- to very-low income persons. Sixty percent of the formula grant funds is awarded to participating local governments and 40 percent is awarded to states. These communities often use the funds in partnership with local non-profit organizations to fund a wide range of activities that build, buy, and/or rehabilitate affordable housing for rent or homeownership or provide direct rental assistance to low-income people. Projects funded by HOME often leverage private dollars and are used in conjunction with the Low-Income Housing Tax Credit, Community Development Block Grant, and local funds. The Budget requests $1.65 billion for HOME and does not provide separate funding for the Self-Help Homeownership Opportunity Program (SHOP), as all SHOP activities are eligible under the HOME program.Over time, the funding provided in the 2012 Budget is estimated to result in the production of almost 72,215 units of affordable housing through new construction, rehabilitation, and/or acquisition. It is also estimated that communities will use a portion of their funding to support tenant-based rental assistance for over 17,955 units. This account also reflects a $2.25 billion special allocation of HOME funds provided under the American Recovery and Reinvestment Act of 2009 (P.L. 111–5), called the Tax Credit Assistance Program (TCAP). By 2012, TCAP will have accelerated the production and preservation of over 35,000 units of affordable housing that received an award of Low-Income Housing Tax Credits.Both HOME and TCAP funds will contribute to HUD's high priority performance goal to increase the number of families served by its rental housing programs. Program and Financing(in millions of dollars)Identification code 86–0205–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0001HOME Investment Program1,8391,8291,673
0002Technical Assistance182
0004Tax Credit Assistance Program16
0900Total new obligations (object class 41.0)1,8571,8471,673
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1288261239
1021Recoveries of prior year unpaid obligations23
1050Unobligated balance (total)311261239
Budget authority:
Appropriations, discretionary:
1100Appropriation1,8251,8251,650
1120Appropriations transferred to other accounts–18
1160Appropriation, discretionary (total)1,8071,8251,650
1930Total budgetary resources available2,1182,0861,889
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year261239216
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)7,2836,3005,454
3030Obligations incurred, unexpired accounts1,8571,8471,673
3040Outlays (gross)–2,811–2,693–2,169
3080Recoveries of prior year unpaid obligations, unexpired–23
3081Recoveries of prior year unpaid obligations, expired–6
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)6,3005,4544,958
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross1,8071,8251,650
Outlays, gross:
4010Outlays from new discretionary authority91817
4011Outlays from discretionary balances2,8022,6752,152
4020Outlays, gross (total)2,8112,6932,169
4180Budget authority, net (total)1,8071,8251,650
4190Outlays, net (total)2,8112,6932,169
The Housing Trust Fund was originally authorized in the Housing and Economic Recovery Act of 2008 (Pub. L. 110–289) under section 1338 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 1301 et seq.) with a dedicated funding stream from assessments on Fannie Mae and Freddie Mac. However, the Federal Housing Finance Agency has indefinitely suspended these assessments. The Budget proposes to fund the Housing Trust Fund through legislation directing $1 billion to capitalize the fund.The purpose of the Housing Trust Fund is to provide grants to States to increase and preserve the supply of affordable rental housing and homeownership opportunities for extremely low- and very low-income families, and help address the growing shortage of affordable housing for these families. This program is similar to HOME, but is more income-targeted. The funding will be distributed by formula to States or State-designated entities that will target resources to areas with substantial needs. The funding will be used for production, preservation, and rehabilitation of affordable rental housing and for production, preservation, and rehabilitation of housing for homeownership (limited to 10 percent of the funding). Of the total amounts made available, not less than 75 percent shall be used to benefit extremely low-income households, for whom the affordable housing shortage problem is most acute. Over time, the funding provided for the Housing Trust Fund in 2012 is expected to produce approximately 36,000 affordable units.Legislative proposal, subject to PAYGO Program and Financing(in millions of dollars)Identification code 86–5553–4–2–6042010 actualCR2012 est.
Obligations by program activity:
0001Housing Trust Fund1,000
0900Total new obligations (object class 41.0)1,000
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation1,000
1930Total budgetary resources available1,000
Change in obligated balance:
3030Obligations incurred, unexpired accounts1,000
3040Outlays (gross)–10
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)990
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross1,000
Outlays, gross:
4100Outlays from new mandatory authority10
4180Budget authority, net (total)1,000
4190Outlays, net (total)10
Capacity BuildingFor grant assistance to eligible recipients to develop the capacity and ability of community development corporations, community housing development organizations, and local governments to undertake community development and affordable housing projects and programs that benefit low-income families, $60,000,000, to remain available until September 30, 2013: Provided, That eligible recipients for assistance include national and regional intermediaries with local affiliates, and a partnership or consortia of such intermediaries, skilled in the development of community development and affordable housing capacity, as determined by the Secretary: Provided further, That assistance provided under this heading shall be matched from private sources in an amount equal to three times: Provided further, That assistance under this heading may be used for: (1) training, education, and support to enhance technical and administrative capabilities; (2) loans, grants, or predevelopment assistance; (3) market research and rigorous needs assistance in order to create data resources, and develop assessment measures and assessment tools to determine the need and focus for community development activities; (4) the assessment and determination that organizational mergers may better serve the community; and (5) such other activities as may be determined eligible by the Secretary to further the purposes of this heading: Provided further, That the Secretary shall develop and publish guidelines for the use of such competitive funds including, but not limited to, eligibility criteria, program requirements, eligible administrative costs, and performance metrics.For capacity building activities authorized under section 4 of the HUD Demonstration Act of 1993 (42 U.S.C. 9816 note), $50,000,000, to remain available until September 30, 2014, of which not less than $5,000,000 may be made available for rural capacity building activities. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution. The Capacity Building for Community Development and Affordable Housing program is authorized by Section 4 of the HUD Demonstration Act of 1993. The 2012 Budget requests $50 million for the program, which generates a required match of three dollars from private sources, for a total of $200 million for program activities. The Capacity Building program provides grants to national intermediaries to develop, enhance, and strengthen the technical and administrative capabilities of community development corporations to carry out community development and affordable housing activities for low- and moderate-income persons.Program and Financing(in millions of dollars)Identification code 86–0405–0–1–4512010 actualCR2012 est.
Budgetary Resources:
Budget authority:
Appropriations, discretionary:
1100Appropriation50
1930Total budgetary resources available50
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year50
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross50
4180Budget authority, net (total)50
4190Outlays, net (total)
Self-help Homeownership Opportunity Program self-help and assisted homeownership opportunity program The 2012 Budget requests no appropriations for the Self-Help and Assisted Homeownership Opportunity Program (SHOP). Activities under the Capacity Building for Community Development and Affordable Housing Program are requested separately under the Capacity Building account.SHOP is authorized by Section 11 of the Housing Opportunity Program Extension Act of 1996, and provides funds to increase the ability of non-profit organizations to leverage funds from other sources to assist low-income homebuyers willing to contribute "sweat equity" toward the construction of their houses. The Administration plans to encourage State and local government grantees of the larger HOME Investment Partnerships Program to fund SHOP projects, as the HOME statute includes the same eligible activities.Program and Financing(in millions of dollars)Identification code 86–0176–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0001Self Help Housing Opportunity Program272727
0002Capacity Building344949
0003Housing Assistance Council55
0900Total new obligations (object class 41.0)668176
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1617677
Budget authority:
Appropriations, discretionary:
1100Appropriation8282
1120Appropriations transferred to other accounts–1
1160Appropriation, discretionary (total)8182
1930Total budgetary resources available14215877
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year76771
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)96111130
3030Obligations incurred, unexpired accounts668176
3040Outlays (gross)–51–62–70
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)111130136
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross8182
Outlays, gross:
4011Outlays from discretionary balances516270
4180Budget authority, net (total)8182
4190Outlays, net (total)516270
Neighborhood Stabilization Program The Neighborhood Stabilization Program (NSP) was authorized by the Housing and Economic Recovery Act of 2008 (HERA) and funded at $3.92 billion. In response to the foreclosure crisis, HERA directed HUD to develop a formula to distribute the funds to State and local governments with the greatest need. To determine the areas with the greatest need, the allocation formula had to be based on home foreclosures, subprime loans, and mortgage defaults or delinquencies. Grantees may use NSP funds for a number of eligible activities, including establishing financing mechanisms; purchasing and rehabililatating abandoned or foreclosed properties; establishing land banks; demolishing blighted structures; and redeveloping vacant or demolished property. NSP grantees must use at least 25 percent of the funds appropriated for the purchase and redevelopment of abandoned or foreclosed residential properties that will be used to house individuals or families whose incomes do not exceed 50 percent of the area median income. In addition, all activities funded by NSP must benefit low- and moderate-income persons whose income does not exceed 120 percent of area median income.In September 2008, HUD announced direct NSP allocations to 309 jurisdictions, including all 50 states, Puerto Rico and the Insular Areas. Pursuant to HERA, grantees had 18 months from the date funds were made available to obligate the funds. By September 30, 2010, NSP1 grantees obligated 99.7 percent of their funds and disbursed 53 percent of funds by January 3, 2011. The American Recovery and Reinvestment Act of 2009 (ARRA) made several changes to the NSP program as enacted by HERA and appropriated an additional $2 billion in funding for the NSP program. The ARRA funding for NSP2 is reflected within the Community Development Fund account. In January 2010, HUD announced 56 awards under the NSP2 program and all funds were obligated on February 11, 2010. NSP2 grantees have until February 11, 2012, to expend 50 percent of their grant funds and must expend 100 percent by February 11, 2013. The Dodd-Frank Financial Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) appropriated an additional $1 billion for a third iteration of NSP (NSP3) in July 2010. The Department announced a formula allocation of these funds to 283 entities consisting of State and local governments in September 2010. Grantees are to submit their plans for using the NSP3 funds not later than March 2011 and, from the date HUD makes the funds available, grantees will have two years to expend 50 percent of the grant and three years to expend 100 percent. Program and Financing(in millions of dollars)Identification code 86–0344–0–1–4512010 actualCR2012 est.
Obligations by program activity:
0001Neighborhood Stabilization Program1,000
0900Total new obligations (object class 41.0)1,000
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation1,000
1930Total budgetary resources available1,000
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)3,8042,2441,754
3030Obligations incurred, unexpired accounts1,000
3040Outlays (gross)–1,560–1,490–754
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)2,2441,7541,000
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross1,000
Outlays, gross:
4100Outlays from new mandatory authority100
4101Outlays from mandatory balances1,5601,390754
4110Outlays, gross (total)1,5601,490754
4180Budget authority, net (total)1,000
4190Outlays, net (total)1,5601,490754
Homeless Assistance Grants homeless assistance grants(including transfer of funds)For the emergency solutions grants program as authorized under subtitle B of title IV of the McKinney-Vento Homeless Assistance Act, as amended; the continuum of care program as authorized under subtitle C of title IV of such Act; and the rural housing stability assistance program as authorized under subtitle D of title IV of such Act, $2,055,000,000$2,372,000,000, of which $2,050,000,000$2,367,000,000 shall remain available until September 30, 20132014, and of which $5,000,000 shall remain available until expended for project-based rental assistance rehabilitation with 10-year grant terms and any rental assistance amounts that are recaptured under such continuum of care program shall remain available until expended: Provided, That up to $200,000,000$286,000,000 of the funds appropriated under this heading shall be available for such emergency solutions grants program: Provided further, That no less than $1,844,000,000$2,025,000,000 of the funds appropriated under this heading shall be available for such continuum of care and rural housing stability assistance programs: Provided further, That up to $50 million of the funds made available under this heading shall be available to make incentive payments, including payments to cover the cost of service coordinators, as determined by the Secretary, to Public Housing Authorities and owners assisted under Sections 8 and 9 of the U.S. Housing Act of 1937 that agree to serve additional homeless households: Provided further, That up to $6,000,000 of the funds appropriated under this heading shall be available for the national homeless data analysis project: Provided further, That for all match requirements applicable to funds made available under this heading for this fiscal year and prior years, a grantee may use (or could have used) as a source of match funds other funds administered by the Secretary and other Federal agencies unless there is (or was) a specific statutory prohibition on any such use of any such funds: Provided further, That the Secretary shall renew on an annual basis expiring contracts or amendments to contracts funded under the continuum of care program if the program is determined to be needed under the applicable continuum of care and meets appropriate program requirements and financial standards, as determined by the Secretary: Provided further, That all awards of assistance under this heading shall be required to coordinate and integrate homeless programs with other mainstream health, social services, and employment programs for which homeless populations may be eligible, including Medicaid, State Children's Health Insurance Program, Temporary Assistance for Needy Families, Food Stamps, and services funding through the Mental Health and Substance Abuse Block Grant, Workforce Investment Act, and the Welfare-to-Work grant program: Provided further, That all balances for Shelter Plus Care renewals previously funded from the Shelter Plus Care Renewal account and transferred to this account shall be available, if recaptured, for continuum of care renewals in fiscal year 20112012. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.In 2012, the Administration will continue the implementation of the HEARTH Act, legislation that combined HUD's three competitive grant programs—Shelter Plus Care, Supportive Housing, and Section 8 Moderate Rehabilitation Single Room Occupancy—into a single Continuum of Care program with flexibility to better meet community needs. Also, the HEARTH Act replaced the existing Emergency Shelter Grants program with the Emergency Solutions Grant program which places a larger focus on homelessness prevention. Finally, the legislation created the Rural Housing Stability Assistance program, which dedicates resources to preventing and ending homelessness in rural areas nationwide. The Administration is beginning implementation of HEARTH by issuing regulations in 2011.The Homeless Assistance Grants account provides funds for the Emergency Solutions Grant (ESG), Continuum of Care (CoC), and the Rural Housing Stability Assistance programs. These programs, which award funds through formula and competitive processes, enable localities to shape and implement comprehensive, flexible, coordinated approaches to address the multiple issues of homelessness. In addition, the Administration proposes a new initiative in 2012 that provides incentives for public housing authorities and private owners of HUD-assisted housing to serve more homeless households in high-need areas. Many communities have made great strides in creating comprehensive approaches to ending chronic homelessness through the development of local plans. The Budget requests $2.37 billion for a wide range of activities to assist homeless persons and prevent future homelessness. HUD estimates it will use $1.91 billion for competitive renewals in the CoC program, $286 million for the Emergency Solutions Grant Program, $50 million in incentives for public housing agencies and private owners of HUD-assisted housing to serve additional homeless households in high-need areas, and approximately $130 million for new competitive projects in the CoC, the Rural Housing Stability Assistance program, the homeless data analysis project, and authorized administrative costs. The 2012 Budget helps make progress toward ending homelessness by supporting the goals of "Opening Doors: the Federal Strategic Plan to Prevent and End Homelessness," which was published by the U.S. Interagency Council on Homelessness in 2010. Program and Financing(in millions of dollars)Identification code 86–0192–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0001Homeless Assistance Grants1,7711,715
0002National Homeless Data Analysis Project66
0003Technical Assistance65
0005Section 8 Moderate Rehabilitation SRO4
0006RRH Demonstration25
0007Recovery Act - HPRP7
0008Homeless Veterans Demonstration11
0009Continuum of Care (SPC, SHP, Rural)1,733
0010Emergency Solutions Grants - Formula229
0900Total new obligations (object class 41.0)1,8131,7371,968
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 12,0862,1702,348
1021Recoveries of prior year unpaid obligations605045
1050Unobligated balance (total)2,1462,2202,393
Budget authority:
Appropriations, discretionary:
1100Appropriation1,8651,8652,372
1120Appropriations transferred to other accounts–13
1160Appropriation, discretionary (total)1,8521,8652,372
1930Total budgetary resources available3,9984,0854,765
Memorandum (non-add) entries:
1940Unobligated balance expiring–15
1941Unexpired unobligated balance, end of year2,1702,3482,797
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)3,5363,1302,485
3030Obligations incurred, unexpired accounts1,8131,7371,968
3040Outlays (gross)–2,026–2,332–2,142
3080Recoveries of prior year unpaid obligations, unexpired–60–50–45
3081Recoveries of prior year unpaid obligations, expired–133
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)3,1302,4852,266
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross1,8521,8652,372
Outlays, gross:
4010Outlays from new discretionary authority51924
4011Outlays from discretionary balances2,0212,3132,118
4020Outlays, gross (total)2,0262,3322,142
4180Budget authority, net (total)1,8521,8652,372
4190Outlays, net (total)2,0262,3322,142
Permanent Supportive Housing This program was created by the Supplemental Appropriations Act, 2008 (P.L. 110–252), which provided $73 million for permanent supportive housing assistance as referenced in the Road Home Program of the Louisiana Recovery Authority (LRA). Of the total amount appropriated, $50 million is for permanent supportive housing, which serves approximately 1,000 homeless individuals and families living with disabilities. These grants are administered under the Shelter Plus Care program, as authorized under subtitle F of title IV of the McKinney-Vento Homeless Assistance Act (42 U.S.C. 11403 et seq.). The LRA would be eligible to apply for Homeless Assistance Grants to renew this assistance. Additionally, this account provides $23 million in project-based rental assistance vouchers to LRA to support an estimated 2,000 elderly and disabled disaster victims, as authorized, under section 8(o)(13) of the United States Housing Act of 1937 (42 U.S.C. 1437f(o)(13)). Beginning in 2010, these vouchers are funded within the Tenant-Based Rental Assistance account as they are renewed.Program and Financing(in millions of dollars)Identification code 86–0342–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0011Housing Vouchers333
0900Total new obligations (object class 41.0)333
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1161310
1930Total budgetary resources available161310
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year13107
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)534538
3030Obligations incurred, unexpired accounts333
3040Outlays (gross)–11–10–10
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)453831
Budget authority and outlays, net:
Discretionary:
Outlays, gross:
4011Outlays from discretionary balances111010
4180Budget authority, net (total)
4190Outlays, net (total)111010
Rural Housing and Economic Development The Rural Housing and Economic Development (RHED) program was created to encourage innovative approaches to serving the housing and economic development needs of the nation's rural communities. The 2012 Budget does not provide funding for the RHED program. Instead, the Administration requests funding for the Rural Innovation Fund, a set-aside within the Community Development Fund account, which builds on the successes of the RHED program. Program and Financing(in millions of dollars)Identification code 86–0324–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0001Rural Housing and Economic Development167
0002Indian Tribes Development6
0003Indian Tribes Technical Assistance1
0900Total new obligations (object class 41.0)237
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1297
1021Recoveries of prior year unpaid obligations1
1050Unobligated balance (total)307
1930Total budgetary resources available307
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year7
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)384635
3030Obligations incurred, unexpired accounts237
3040Outlays (gross)–14–18–15
3080Recoveries of prior year unpaid obligations, unexpired–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)463520
Budget authority and outlays, net:
Discretionary:
Outlays, gross:
4011Outlays from discretionary balances141815
4180Budget authority, net (total)
4190Outlays, net (total)141815
Urban Development Action Grants Revolving Fund (liquidating Programs) The Revolving Fund (liquidating programs) was established by the Independent Offices Appropriations Act of 1955 for the efficient liquidation of assets acquired under a number of housing and urban development programs, all of which are no longer active. The operational expenses are financed from a permanent, indefinite appropriation to administer the remaining repayments of loans and recaptures in the portfolio. Annually, any amounts in the account are returned as a dividend to the Treasury.The Section 312 loan program portfolio, which provided first and junior lien financing at below market interest rates for the rehabilitation of homes in low-income neighborhoods, constituted a large portion of the account activities. This program ceased to originate new loans over 10 years ago. Since the sale of the Section 312 loan portfolio to the private sector in 2001, activity in this account has been minimal.Program and Financing(in millions of dollars)Identification code 86–4015–0–3–4512010 actualCR2012 est.
Obligations by program activity:
0001Revolving Fund111
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1200Appropriation111
1900Budget authority (total)111
1930Total budgetary resources available111
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)566
3030Obligations incurred, unexpired accounts111
3040Outlays (gross)–1–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)666
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross111
Outlays, gross:
4100Outlays from new mandatory authority11
4180Budget authority, net (total)111
4190Outlays, net (total)11
Status of Direct Loans(in millions of dollars)Identification code 86–4015–0–3–4512010 actualCR2012 est.
Cumulative balance of direct loans outstanding:
1210Outstanding, start of year655
1263Write-offs for default: Direct loans–1
1290Outstanding, end of year555
Balance Sheet(in millions of dollars)Identification code 86–4015–0–3–4512009 actual2010 actual
ASSETS:
1101Federal assets: Fund balances with Treasury57
1601Direct loans, gross55
1603Allowance for estimated uncollectible loans and interest (-)–5–5
1604Direct loans and interest receivable, net
1606Foreclosed property21
1699Value of assets related to direct loans21
1999Total assets78
LIABILITIES:
2207Non-Federal liabilities: Other11
2999Total liabilities11
NET POSITION:
3100Appropriated capital67
3999Total net position67
4999Total liabilities and net position78
Object Classification(in millions of dollars)Identification code 86–4015–0–3–4512010 actualCR2012 est.
Direct obligations:
25.2Other services from non-federal sources1
32.0Land and structures11
99.9Total new obligations111
Community Development Loan Guarantees Program Account community development loan guarantees program account Subject to section 502 of the Congressional Budget Act of 1974, during fiscal year 20112012, commitments to guarantee loans under section 108 of the Housing and Community Development Act of 1974, any part of which is guaranteed, shall not exceed a total principal amount of $500,000,000, notwithstanding any aggregate limitation on outstanding obligations guaranteed in subsection (k) of such section 108: Provided, That the Secretary shall collect fees from borrowers, notwithstanding subsection (m) of such section 108, to result in a credit subsidy cost of zero, and such fees such be collected in accordance with section 502(7) of the Congressional Budget Act of 1974.Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The 2012 Budget increases the guaranteed loan limit to $500 million, but does not request appropriations for the Community Development Loan Guarantee program (Section 108). Carryover loan guarantee credit subsidy in this account will continue to be used until exhausted. The Budget requires that the program operate at a zero credit subsidy cost and provides for the collection of fees to fund program costs. Program activities include economic development projects, housing rehabilitation, public facilities rehabilitation, construction or installation for the benefit of low- to moderate-income persons, or to aid in the prevention of slums. As required by the Federal Credit Reform Act of 1990, this account records the subsidy costs associated with the loan guarantees committed since 1992, including modifications of direct loans or loan guarantees that resulted from obligations or commitments in any year. The subsidy amounts are estimated on a present value basis. Program and Financing(in millions of dollars)Identification code 86–0198–0–1–4512010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0702Loan guarantee subsidy46
0707Reestimates of loan guarantee subsidy32
0900Total new obligations (object class 33.0)78
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1245
Budget authority:
Appropriations, discretionary:
1100Appropriation66
Appropriations, mandatory:
1200Appropriation33
1900Budget authority (total)99
1930Total budgetary resources available11135
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year455
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)131210
3030Obligations incurred, unexpired accounts78
3040Outlays (gross)–6–10–6
3081Recoveries of prior year unpaid obligations, expired–2
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)12104
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross66
Outlays, gross:
4010Outlays from new discretionary authority1
4011Outlays from discretionary balances366
4020Outlays, gross (total)376
Mandatory:
4090Budget authority, gross33
Outlays, gross:
4100Outlays from new mandatory authority33
4180Budget authority, net (total)99
4190Outlays, net (total)6106
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program(in millions of dollars)Identification code 86–0198–0–1–4512010 actualCR2012 est.
Guaranteed loan levels supportable by subsidy budget authority:
215001Community development loan guarantee levels166275500
215999Total loan guarantee levels166275500
Guaranteed loan subsidy (in percent):
232001Community development loan guarantee levels2.402.340.00
232999Weighted average subsidy rate2.402.340.00
Guaranteed loan subsidy budget authority:
233001Community development loan guarantee levels46
233999Total subsidy budget authority46
Guaranteed loan subsidy outlays:
234001Community development loan guarantee levels355
234999Total subsidy outlays355
Guaranteed loan upward reestimates:
235001Community development loan guarantee levels32
235999Total upward reestimate budget authority32
Guaranteed loan downward reestimates:
237001Community development loan guarantee levels–17–14
237999Total downward reestimate subsidy budget authority–17–14
Community Development Loan Guarantees Financing Account The 2012 Budget does not request appropriated funding for the Section 108 Loan Guarantee program. The Administration requests a legislative change to allow HUD to collect fees to offset credit subsidy costs and make related adjustments to the program. The financing account shows the status of privately financed guaranteed loan commitments made in and after 1992. An accompanying liquidating account shows activity for Federal Financing Bank (FFB) direct loan activity obligated prior to July 1, 1986, and any pre-1992 loan guarantee activity.As required by the Federal Credit Reform Act of 1990, this non-budgetary account records all cash flows to and from the Government resulting from loan guarantees committed in 1992 and beyond (including modifications of loan guarantees that resulted from commitments in any year). The amounts in this account are a means of financing and are not included in the budget totals. As required by the Federal Credit Reform Act of 1990, no administrative expenses can be recorded in the financing account.Program and Financing(in millions of dollars)Identification code 86–4096–0–3–4512010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0742Downward reestimate paid to receipt account118
0743Interest on downward reestimates66
0900Total new obligations1714
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1114107104
Financing authority:
Spending authority from offsetting collections, mandatory:
1800Collected11119
1801Change in uncollected payments, Federal sources–1
1850Spending auth from offsetting collections, mand (total)10119
1930Total budgetary resources available124118113
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year107104113
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)14
3010Uncollected pymts, Fed sources, brought forward, Oct 1–13–12–12
3020Obligated balance, start of year (net)–13–122
3030Obligations incurred, unexpired accounts1714
3040Financing disbursements (gross)–17
3050Change in uncollected pymts, Fed sources, unexpired1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1414
3091Uncollected pymts, Fed sources, end of year–12–12–12
3100Obligated balance, end of year (net)–1222
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross10119
Financing disbursements:
4110Financing disbursements, gross17
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Federal Sources: Payments from Program Account–6–7–5
4122Interest on uninvested funds–5–4–4
4130Offsets against gross financing auth and disbursements (total)–11–11–9
Additional offsets against financing authority only (total):
4140Change in uncollected pymts, Fed sources, unexpired1
4160Financing authority, net (mandatory)
4170Financing disbursements, net (mandatory)6–11–9
4180Financing authority, net (total)
4190Financing disbursements, net (total)6–11–9
Status of Guaranteed Loans(in millions of dollars)Identification code 86–4096–0–3–4512010 actualCR2012 est.
Position with respect to appropriations act limitation on commitments:
2111Limitation on guaranteed loans made by private lenders166275500
2150Total guaranteed loan commitments166275500
2199Guaranteed amount of guaranteed loan commitments166275500
Cumulative balance of guaranteed loans outstanding:
2210Outstanding, start of year2,2192,1192,079
2231Disbursements of new guaranteed loans150210210
2251Repayments and prepayments–250–250–250
2290Outstanding, end of year2,1192,0792,039
Memorandum:
2299Guaranteed amount of guaranteed loans outstanding, end of year2,1192,0792,039
Balance Sheet(in millions of dollars)Identification code 86–4096–0–3–4512009 actual2010 actual
ASSETS:
1101Federal assets: Fund balances with Treasury10296
1999Total assets10296
LIABILITIES:
2204Non-Federal liabilities: Liabilities for loan guarantees10296
2999Total liabilities10296
4999Total liabilities and net position10296
Community Development Loan Guarantees Liquidating Account Guaranteed loans. Guaranteed loan assistance under the Community Development Loan Guarantee (Section 108) program is provided to eligible communities to finance economic development activities, such as housing rehabilitation, development or expansion of public facilities, acquisition of real property, and rehabilitation of publicly owned real property. As required by the Federal Credit Reform Act of 1990, this liquidating account records all cash flows to and from the Government resulting from FFB direct loans for which loan guarantees were committed prior to 1992. This account is shown on a cash basis. Program and Financing(in millions of dollars)Identification code 86–4097–0–3–4512010 actualCR2012 est.
Budgetary Resources:
1930Total budgetary resources available
Change in obligated balance:
Obligated balance, start of year (net):
3010Uncollected pymts, Fed sources, brought forward, Oct 1–3–3–3
Obligated balance, end of year (net):
3091Uncollected pymts, Fed sources, end of year–3–3–3
4180Budget authority, net (total)
4190Outlays, net (total)
Status of Guaranteed Loans(in millions of dollars)Identification code 86–4097–0–3–4512010 actualCR2012 est.
Cumulative balance of guaranteed loans outstanding:
2210Outstanding, start of year191510
2251Repayments and prepayments–4–5–5
2290Outstanding, end of year15105
Memorandum:
2299Guaranteed amount of guaranteed loans outstanding, end of year15105
Balance Sheet(in millions of dollars)Identification code 86–4097–0–3–4512009 actual2010 actual
ASSETS:
Federal assets:
1101Fund balances with Treasury–3–3
Investments in US securities:
1106Receivables, net33
1999Total assets
housing for the elderlyFor capital advances, including amendments to capital advance contracts, for housing for the elderly, as authorized by section 202 of the Housing Act of 1959, as amended, and for project rental assistance for the elderly under section 202(c)(2) of such Act, including amendments to contracts for such assistance and renewal of expiring contracts for such assistance for up to a 1-year term, and for senior preservation rental assistance contracts, as authorized by section 811(e) of the American Housing and Economic Opportunity Act of 2000, as amended, and for supportive services associated with the housing, $273,700,000$757,000,000, to remain available until September 30, 20142015: Provided, That amounts for project rental assistance contracts are to remain available through fiscal year 2025 for the liquidation of valid obligations for 10 years following the date of such obligationincurred: Provided further, That of the amount provided under this heading, up to $90,000,000$91,000,000 shall be for service coordinators and the continuation of existing congregate service grants for residents of assisted housing projects, and of which up to $20,000,000 shall be for grants under section 202b of the Housing Act of 1959 (12 U.S.C. 1701q-2) for conversion of eligible projects under such section to assisted living, service-enriched housing, or related use for substantial and emergency repairs as determined by the Secretary: Provided further, That amounts under this heading shall be available for Real Estate Assessment Center inspections and inspection-related activities associated with section 202 capital advance projects: Provided further, That the Secretary may waive the provisions of section 202 governing the terms and conditions of project rental assistance, except that the initial contract term for such assistance shall not exceed 5 years in duration. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution. The Housing for the Elderly program (Section 202) provides capital advance grants and operating subsidies to nonprofit sponsors to construct and operate supportive housing for very low-income elderly households, including frail elderly. The 2012 Budget provides $259 million to renew and amend operating subsidy contracts for existing Section 202 housing, and includes $387 million to expand the number of housing units assisted by this program through new awards. In addition, the Budget provides $91 million to support service coordinators who work on-site to help residents obtain critical services, such as benefit counseling. The Budget also provides $20 million for converting elderly housing units to assisted living facilities and service-enriched housing to allow very low-income frail elderly residents to age in place. The Administration's efforts to improve the efficiency and efficacy of the Section 202 program are aided by the recently enacted Section 202 Supportive Housing for the Elderly Act of 2010 (P.L. 111–372). The Act amends Section 202 of the Housing Act of 1959 (12 U.S.C. 1701q) and provides new authorities to HUD, including new flexibilities to ensure that existing Section 202 properties are not lost as affordable housing stock as owners opt out of their responsibilities through pre-payment. The 2012 Budget supports the new flexibility to provide senior preservation rental assistance contracts to ensure continued affordability for elderly residents living in older existing Section 202 properties that are at-risk of being lost as affordable housing stock. Building on this Act, the Administration is seeking further reforms, both legislative and administrative, to permit a new generation of Section 202 housing targeted at populations most at need of affordable housing where the greatest savings can be realized to state and federal health care budgets through reduced institutionalization and emergency room utilization. These reforms will create and sustain more affordable units at a lower initial cost than under the status quo, streamline and modernize the program to reduce administrative processing, increase the likelihood of successful completion within a shorter timeframe, and ensure that Section 202 units serve as a platform for elderly persons to live independently and age in place.HOUSING FOR THE ELDERLY2010 actual2011 est.2012 est.
Units eligible for payment108,297115,838123,908
Program and Financing(in millions of dollars)Identification code 86–0320–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0001Expansion314462311
0002Rental assistance renewal and operating expenses266392552
0900Total new obligations (object class 41.0)580854863
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1734978949
1021Recoveries of prior year unpaid obligations12
1050Unobligated balance (total)746978949
Budget authority:
Appropriations, discretionary:
1100Appropriation825825757
1120Appropriations transferred to other accounts–8
1160Appropriation, discretionary (total)817825757
1930Total budgetary resources available1,5631,8031,706
Memorandum (non-add) entries:
1940Unobligated balance expiring–5
1941Unexpired unobligated balance, end of year978949843
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)3,4733,0733,026
3030Obligations incurred, unexpired accounts580854863
3040Outlays (gross)–960–901–826
3080Recoveries of prior year unpaid obligations, unexpired–12
3081Recoveries of prior year unpaid obligations, expired–8
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)3,0733,0263,063
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross817825757
Outlays, gross:
4010Outlays from new discretionary authority824743
4011Outlays from discretionary balances878854783
4020Outlays, gross (total)960901826
4180Budget authority, net (total)817825757
4190Outlays, net (total)960901826
Housing for Persons with Disabilities housing for persons with disabilitiesFor supportive housing for persons with disabilities, as authorized by section 811 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 8013), for project rental assistance for supportive housing for persons with disabilities under section 811(d)(2) of such Act, including amendments to contracts for such assistance and renewal of expiring contracts for such assistance for up to a 1-year term, and for supportive services associated with the housing for persons with disabilities as authorized by section 811(b)(1) of such Act, $90,036,817$196,000,000, to remain available until September 30, 20142015: Provided, That amounts for project rental assistance contracts are to remain available through fiscal year 2025 for the liquidation of valid obligations for 10 years following the date of such obligation incurred: Provided further, That the Secretary may amend and renew funding for expiring contracts for project rental assistance under section 811(d)(2) of the Cranston-Gonzalez National Afforable Housing Act for up to a 1-year term: Provided further, That the Secretary may waive the provisions of section 811 governing the terms and conditions of project rental assistance, except that the initial contract term for such assistance shall not exceed 5 years in duration: Provided further, That amounts made available under this heading shall be available for Real Estate Assessment Center inspections and inspection-related activities associated with section 811 Capital Advance Projects. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution. The Housing for Persons with Disabilities program (Section 811) provides capital advance grants and operating subsidies to nonprofit sponsors to construct and operate supportive housing for very low-income people with disabilities. The 2012 Budget provides $85 million to renew and amend operating subsidy contracts for existing Section 811 housing, and includes $111 million to expand the number of housing units assisted by this program through new awards. The 2012 Budget also reflects the shift of fiscal responsibility of the Section 811 Mainstream Vouchers program to the Tenant-Based Rental Assistance program. In 2012, the Administration will also implement new authorities provided under the recently enacted Frank Melville Supportive Housing Investment Act of 2010 (P.L. 111–374). In particular, the Act authorizes HUD to allocate Section 811 operating assistance through States that demonstrate an integrated health care and housing approach to serving disabled households. HUD will delegate authority to these States to identify and fund supportive housing projects in line with State priorities; these projects must be fully leveraged with other capital resources and only require Section 811 for operating assistance. This authority, as with others in this Act, provides a strong first step in reforming Section 811 to make it more efficient and effective. Building on this Act, the Administration is seeking further reforms, both legislative and administrative, to enable a new generation of Section 811 housing targeted at populations most in need of affordable housing, where the greatest savings can be realized to state and federal health care budgets through reduced institutionalization and emergency room utilization. These reforms will create and sustain more affordable units at a lower initial cost than under the status quo, streamline and modernize the program to reduce administrative processing, increase the likelihood of successful completion within a shorter timeframe, and ensure that Section 811 units serve as a platform for disabled persons to live independently in integrated community-based settings. HOUSING FOR PERSONS WITH DISABILITIES2010 actual2011 est.2012 est.
Units eligible for payment31,15033,31835,637
Program and Financing(in millions of dollars)Identification code 86–0237–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0001Expansion81123175
0002Rental assistance renewal and operating expenses13518090
0900Total new obligations (object class 41.0)216303265
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1170255252
1021Recoveries of prior year unpaid obligations4
1050Unobligated balance (total)174255252
Budget authority:
Appropriations, discretionary:
1100Appropriation300300196
1120Appropriations transferred to other accounts–3
1160Appropriation, discretionary (total)297300196
1930Total budgetary resources available471555448
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year255252183
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)954839826
3030Obligations incurred, unexpired accounts216303265
3040Outlays (gross)–326–316–289
3080Recoveries of prior year unpaid obligations, unexpired–4
3081Recoveries of prior year unpaid obligations, expired–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)839826802
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross297300196
Outlays, gross:
4010Outlays from new discretionary authority493020
4011Outlays from discretionary balances277286269
4020Outlays, gross (total)326316289
4180Budget authority, net (total)297300196
4190Outlays, net (total)326316289
Housing Counseling Assistance Housing Counseling AssistanceFor contracts, grants, and other assistance excluding loans, as authorized under section 106 of the Housing and Urban Development Act of 1968, as amended, $88,000,000, including up to $2,500,000$3,500,000 for administrative contract services, to remain available until September 30, 2012 2013: Provided, That funds shall be used for providing counseling and advice to tenants and homeowners, both current and prospective, with respect to property maintenance, financial management/literacy, and such other matters as may be appropriate to assist them in improving their housing conditions, meeting their financial needs, and fulfilling the responsibilities of tenancy or homeownership; for program administration; and for housing counselor training. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The Housing Counseling Assistance Program provides comprehensive housing counseling services to eligible homeowners and tenants through grants to non-profit intermediaries, state governmental entities, and other agencies with local to national presences. Eligible counseling activities include pre- and post-purchase education, personal financial management, reverse mortgage product education, foreclosure prevention/mitigation, and rental counseling. The Housing Counseling Assistance Program supports the delivery of a wide variety of housing counseling services to homebuyers, homeowners, low- to moderate-income renters, and elderly citizens including the Administration's current foreclosure mitigation efforts. The primary objectives of the Housing Counseling program are to expand homeownership opportunities, improve access to affordable housing, prevent foreclosure, increase financial literacy, and aid in HUD's commitment to bridging the minority homeownership gap. Additionally, the program supports a significant number of individuals with FHA-insured loans, which helps maintain the financial soundness of the FHA insurance funds. The 2012 Budget includes $88 million for this program, continuing the level appropriated in 2010.Program and Financing(in millions of dollars)Identification code 86–0156–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0001Housing Counseling Assistance638484
0002Administrative Contract Services234
0900Total new obligations (object class 41.0)658788
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1658787
Budget authority:
Appropriations, discretionary:
1100Appropriation888788
1120Appropriations transferred to other accounts–1
1160Appropriation, discretionary (total)878788
1930Total budgetary resources available152174175
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year878787
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)2529
3030Obligations incurred, unexpired accounts658788
3040Outlays (gross)–40–83–87
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)252930
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross878788
Outlays, gross:
4010Outlays from new discretionary authority99
4011Outlays from discretionary balances407478
4020Outlays, gross (total)408387
4180Budget authority, net (total)878788
4190Outlays, net (total)408387
Green Retrofit Program for Multifamily Housing, Recovery Act The Green Retrofit Program (GRP) offers grants and loans to owners of eligible HUD-assisted multifamily housing properties to fund Green Retrofits, which are intended to reduce ongoing utility consumption, benefit resident health, and benefit the environment. This program is funded under Title XII of the American Recovery and Reinvestment Act of 2009 (P.L. 111–5). This account includes funds for grants, direct loan credit subsidy, and administrative expenses. All loan cash flows are recorded in the corresponding financing account (86–4589). Program and Financing(in millions of dollars)Identification code 86–0306–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0001Direct Grants167
Credit program obligations:
0701Direct loan subsidy69
0900Total new obligations (object class 41.0)236
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1236
1930Total budgetary resources available236
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)1218054
3030Obligations incurred, unexpired accounts236
3040Outlays (gross)–68–126–54
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)18054
Budget authority and outlays, net:
Discretionary:
Outlays, gross:
4011Outlays from discretionary balances6812654
4180Budget authority, net (total)
4190Outlays, net (total)6812654
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program(in millions of dollars)Identification code 86–0306–0–1–6042010 actualCR2012 est.
Direct loan levels supportable by subsidy budget authority:
115001Energy Retrofit Loans83
115999Total direct loan levels83
Direct loan subsidy (in percent):
132001Energy Retrofit Loans82.300.000.00
132999Weighted average subsidy rate82.300.000.00
Direct loan subsidy budget authority:
133001Energy Retrofit Loans68
133999Total subsidy budget authority68
Direct loan subsidy outlays:
134001Energy Retrofit Loans46
134999Total subsidy outlays46
The objective of the Energy Innovation Fund is to provide support for promising local initiatives that can be replicated across the nation and to stimulate and enhance private investment in cost-saving energy efficiency retrofits of existing housing, through improved use of FHA single family and multifamily mortgage products. The Energy Innovation Fund is being used to develop an Energy Efficient Mortgage Innovation pilot program which will extend the benefits of the Title I Energy Efficient Property Improvement loan programs to more homeowners. HUD is also exploring a federal partnership with national home energy rating organizations to streamline energy audit procedures, and with an emerging home performance remodeling industry to ensure quality installation of recommended energy conservation measures. HUD is developing a Multifamily Energy Pilot (MEP), which may include financial incentives for borrowers in the following FHA Multifamily programs: Mortgage Insurance for Supplemental Loans for Multifamily Projects, Section 241(a); Mortgage Insurance for Purchase or Refinancing of Existing Multifamily Rental Housing, Section 223(f); and Mortgage Insurance for Rental and Cooperative Housing, Sections 221(d)(3) and 221(d)(4). The MEP program will target property owners and developers seeking energy efficiency improvements in multifamily rehabilitation projects. No new funds are requested for 2012 as it is anticipated that the 2010 appropriations of $50 million will fund significant pilot program activity through 2012.Program and Financing(in millions of dollars)Identification code 86–0401–0–1–2722010 actualCR2012 est.
Obligations by program activity:
0001Energy Efficient Mortgage Innovation Pilot25
0002Multifamily Energy Pilot24
0900Total new obligations (object class 41.0)49
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 14950
Budget authority:
Appropriations, discretionary:
1100Appropriation5050
1120Appropriations transferred to other accounts–1
1160Appropriation, discretionary (total)4950
1930Total budgetary resources available499950
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year495050
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)33
3030Obligations incurred, unexpired accounts49
3040Outlays (gross)–16–22
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)3311
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross4950
Outlays, gross:
4011Outlays from discretionary balances1622
4180Budget authority, net (total)4950
4190Outlays, net (total)1622
Emergency Homeowners' Relief Fund The Emergency Homeowners Loan Program (EHLP), authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111–203), provides up to $1 billion in emergency mortgage assistance to homeowners who are unemployed or underemployed due to economic or medical conditions. EHLP offers an eligible homeowner a declining balance, deferred payment, non-recourse, zero interest subordinate loan of up to $50,000 to assist with paying all arrearages on the homeowners first mortgage and up to 24 consecutive months of first mortgage assistance payments. EHLP provides assistance to homeowners in Puerto Rico and the 32 states not assisted by the Treasury Department's Innovation Fund for Hardest Hit Housing Markets program. States with existing programs that provide substantially similar assistance to homeowners are receiving grants to provide EHLP assistance through such programs. EHLP is administered as a Federal direct loan program in the remaining States. The program became effective October 1, 2010. Funds are available without fiscal year limitation. However, only homeowners enrolled in the program by September 30, 2011 are eligible for assistance. As required by the Federal Credit Reform Act of 1990, this account records the administrative expenses for EHLP, as well as the subsidy costs, associated with the direct loans obligated. The subsidy amounts are estimated on a present value basis; the administrative expenses are estimated on a cash basis.Program and Financing(in millions of dollars)Identification code 86–0407–0–1–3712010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0701Direct loan subsidy723
0709Administrative expenses46
0715Grants214
0900Total new obligations983
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 117
Budget authority:
Appropriations, mandatory:
1200Appropriation1,000
1930Total budgetary resources available1,00017
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year1717
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)
3030Obligations incurred, unexpired accounts983
3040Outlays (gross)–983
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross
Mandatory:
4090Budget authority, gross1,000
Outlays, gross:
4100Outlays from new mandatory authority983
4180Budget authority, net (total)1,000
4190Outlays, net (total)983
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program(in millions of dollars)Identification code 86–0407–0–1–3712010 actualCR2012 est.
Direct loan levels supportable by subsidy budget authority:
115001Emergency Homeowners' Relief740
115999Total direct loan levels740
Direct loan subsidy (in percent):
132001Emergency Homeowners' Relief97.720.00
132999Weighted average subsidy rate97.720.00
Direct loan subsidy budget authority:
133001Emergency Homeowners' Relief723
133999Total subsidy budget authority723
Direct loan subsidy outlays:
134001Emergency Homeowners' Relief723
134999Total subsidy outlays723
Administrative expense data:
3510Budget authority260
3590Outlays from new authority260
Object Classification(in millions of dollars)Identification code 86–0407–0–1–3712010 actualCR2012 est.
Direct obligations:
25.1Advisory and assistance services46
41.0Grants, subsidies, and contributions937
99.9Total new obligations983
Emergency Homeowners' Relief Financing Account This non-budgetary account records all cash flows to and from the Government resulting from the loan guarantees (including modifications of loan guarantees that resulted from obligations in any year). The amounts in this account are a means of financing and are not included in the budget totals. No administrative expenses can be recorded in the financing account.Program and Financing(in millions of dollars)Identification code 86–4357–0–3–3712010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0710Direct loan obligations740
0900Total new obligations740
Budgetary Resources:
Financing authority:
Borrowing authority, mandatory:
1400Borrowing authority14
Spending authority from offsetting collections, mandatory:
1800Collected7264
1900Financing authority(total)7404
1930Total budgetary resources available7404
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year4
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)328
3030Obligations incurred, unexpired accounts740
3040Financing disbursements (gross)–412–229
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)32899
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross7404
Financing disbursements:
4110Financing disbursements, gross412229
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Federal sources–723
4123Repayments of principal, net–3–4
4130Offsets against gross financing auth and disbursements (total)–726–4
4160Financing authority, net (mandatory)14
4170Financing disbursements, net (mandatory)–314225
4180Financing authority, net (total)14
4190Financing disbursements, net (total)–314225
Status of Direct Loans(in millions of dollars)Identification code 86–4357–0–3–3712010 actualCR2012 est.
Position with respect to appropriations act limitation on obligations:
1111Limitation on direct loans740
1150Total direct loan obligations740
Cumulative balance of direct loans outstanding:
1210Outstanding, start of year393
1231Disbursements: Direct loan disbursements412229
1251Repayments: Repayments and prepayments–3–4
Write-offs for default:
1263Direct loans–16–24
1264Other adjustments, net (+ or -)
1290Outstanding, end of year393594
Other Assisted Housing Programs other assisted housing programsrental housing assistanceFor amendments to contracts under section 101 of the Housing and Urban Development Act of 1965 (12 U.S.C. 1701s) and section 236(f)(2) of the National Housing Act (12 U.S.C. 1715z-1) in State-aided, non-insured rental housing projects, $40,600,000$15,733,000, to remain available until expended.( cancellation)Of the amounts recaptured from terminated contracts under section 101 of the Housing and Urban Development Act of 1965 (12 U.S.C. 1701s) and section 236 of the National Housing Act (12 U.S.C. 1715z-1) $40,600,000$6,600,000 are hereby permanently cancelled: Provided, That no amounts may be cancelled from amounts that were designated by the Congress as an emergency requirement pursuant to the Concurrent Resolution on the Budget or the Balanced Budget and Emergency Deficit Control Act of 1985, as amended. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The Other Assisted Housing Account contains the programs listed below:Rent supplement assistance payments will continue to be made on behalf of qualified low-income tenants in approximately 12,700 units that have not converted to Section 8.The Housing and Urban-Rural Recovery Act of 1983 (P.L. 98–181) authorized a restructured Section 235 (Homeownership Assistance) program that provided homeowners a 10-year interest reduction subsidy on their mortgages. The Housing and Urban Development Act of 1968, as amended, authorizes the Section 236 Rental Housing Assistance Program, which subsidizes the monthly mortgage payment that an owner of a rental or cooperative project is required to make. This interest subsidy reduces rents for lower income tenants. Some Section 236 properties (12,900 units) also have rental assistance contacts with HUD through the Rental Assistance Payment (RAP) program.The Budget requests funding to amend Rent Supplement and RAP contracts in state-aided multifamily housing projects to address cost increases beyond the maximum annual payment limitation previously established for the affected contracts. As some of these rental assistance contracts are terminated due to prepayments or other reasons, remaining balances are recovered. The account includes language to cancel the amounts recovered from projects where rental assistance has been terminated.The table below provides a summary of outlays by program.SUMMARY OF OUTLAYS(in millions of dollars)2010 actual2011 est.2012 est.
Total521484440
Rent supplement474237
Homeownership assistance (Section 235)443
Rental housing assistance (Section 236)467436398
College housing grants322
Program and Financing(in millions of dollars)Identification code 86–0206–0–1–9992010 actualCR2012 est.
Obligations by program activity:
0001Rent supplement4125
0002Homeownership and rental housing assistance (Sections 235 and 236)102911
0900Total new obligations144116
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1893322350
1020Adjustment of unobligated bal brought forward, Oct 1 (unobligated balance of contract authority withdrawn)–525
1021Recoveries of prior year unpaid obligations517070
1025Unobligated balance of contract authority withdrawn–51
1050Unobligated balance (total)368392420
Budget authority:
Appropriations, discretionary:
1100Appropriation404016
1131Unobligated balance permanently reduced–72–41–7
1160Appropriation, discretionary (total)–32–19
Appropriations, mandatory:
1200Appropriation740690690
1238Appropriations applied to liquidate contract authority–740–690–690
1260Appropriations, mandatory (total)
1900Budget authority (total)–32–19
1930Total budgetary resources available336391429
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year322350413
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)3,5843,0262,513
3030Obligations incurred, unexpired accounts144116
3040Outlays (gross)–521–484–440
3080Recoveries of prior year unpaid obligations, unexpired–51–70–70
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)3,0262,5132,019
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross–32–19
Outlays, gross:
4010Outlays from new discretionary authority208
4011Outlays from discretionary balances521464432
4020Outlays, gross (total)521484440
Mandatory:
4090Budget authority, gross
4180Budget authority, net (total)–32–19
4190Outlays, net (total)521484440
Memorandum (non-add) entries:
5050Unobligated balance, SOY: Contract authority17118
5051Unobligated balance, EOY: Contract authority17118
5052Obligated balance, SOY: Contract authority3,3543,0262,489
5053Obligated balance, EOY: Contract authority3,0262,4891,799
Object Classification(in millions of dollars)Identification code 86–0206–0–1–9992010 actualCR2012 est.
41.0Direct obligations: Grants, subsidies, and contributions134116
99.0Reimbursable obligations: reimbursable obligations1
99.9Total new obligations144116
Homeownership and Opportunity for People Everywhere Grants (HOPE Grants) The Homeownership and Opportunity for People Everywhere Program, funded from 1992–1995, provided affordable homeownership opportunities for low-income families. Units were converted to homeownership from public and Indian housing properties in HOPE I, from FHA-insured and Government-held multifamily properties in HOPE II, and from Government-owned or -held single family properties in HOPE III. HOPE Grants were used for property acquisition, rehabilitation, mortgage subsidies, security measures, and technical assistance. In addition, grants have been devoted to counseling and training of residents, and other activities intended to help them become economically self-sufficient homeowners. This schedule reflects the expenditure of prior year balances.Program and Financing(in millions of dollars)Identification code 86–0196–0–1–6042010 actualCR2012 est.
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1111
1930Total budgetary resources available111
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year111
4180Budget authority, net (total)
4190Outlays, net (total)
Payment to Manufactured Housing Fees Trust Fund payment to manufactured housing fees trust fundFor necessary expenses as authorized by the National Manufactured Housing Construction and Safety Standards Act of 1974 (42 U.S.C. 5401 et seq.), up to $14,000,000, to remain available until expended, of which $7,000,000 is to be derived from the Manufactured Housing Fees Trust Fund: Provided, That not to exceed the total amount appropriated under this heading shall be available from the general fund of the Treasury to the extent necessary to incur obligations and make expenditures pending the receipt of collections to the Fund pursuant to section 620 of such Act: Provided further, That the amount made available under this heading from the general fund shall be reduced as such collections are received during fiscal year 20112012 so as to result in a final fiscal year 20112012 appropriation from the general fund estimated at not more than $7,000,000 and fees pursuant to such section 620 shall be modified as necessary to ensure such a final fiscal year 20112012 appropriation: Provided further, That for the dispute resolution and installation programs, the Secretary of Housing and Urban Development may assess and collect fees from any program participant: Provided further, That such collections shall be deposited into the Fund, and the Secretary, as provided herein, may use such collections, as well as fees collected under section 620, for necessary expenses of such Act: Provided further, That notwithstanding the requirements of section 620 of such Act, the Secretary may carry out responsibilities of the Secretary under such Act through the use of approved service providers that are paid directly by the recipients of their services. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The Budget provides a total of $14 million to support activities authorized by the National Manufactured Housing Construction and Safety Standards Act of 1974, as amended, including the development and enforcement of manufactured housing construction standards, as well as the development and implementation of new installation and dispute resolution programs required by the Manufactured Housing Improvement Act of 2000. In 2012, HUD estimates that $7 million will be collected in fees and deposited into the Manufactured Housing Fees Trust Fund.Program and Financing(in millions of dollars)Identification code 86–0234–0–1–3762010 actualCR2012 est.
Obligations by program activity:
0001Payment to Trust Fund997
0900Total new obligations (object class 94.0)997
Budgetary Resources:
Budget authority:
Appropriations, discretionary:
1100Appropriation997
1930Total budgetary resources available997
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)
3030Obligations incurred, unexpired accounts997
3040Outlays (gross)–9–9–7
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross997
Outlays, gross:
4010Outlays from new discretionary authority997
4180Budget authority, net (total)997
4190Outlays, net (total)997
Green Retrofit Program for Multifamily Housing Financing Account As required by the Federal Credit Reform Act of 1990, this non-budgetary account records all cash flows to and from the Government resulting from direct loans in the Green Retrofit Program, which received one-time funding in the Recovery Act (P.L. 111–5). The program account is displayed under "Green Retrofit Program for Multifamily Housing, Recovery Act" (86–0306). Program and Financing(in millions of dollars)Identification code 86–4589–0–3–6042010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0710Direct loan obligations83
0713Payment of interest to Treasury1
0900Total new obligations84
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1311
1020Adjustment of unobligated bal brought forward, Oct 1–3
1050Unobligated balance (total)11
Financing authority:
Borrowing authority, mandatory:
1400Borrowing authority26
Spending authority from offsetting collections, mandatory:
1800Collected46
1801Change in uncollected payments, Federal sources23
1825Spending authority from offsetting collections applied to repay debt–10
1850Spending auth from offsetting collections, mand (total)59
1900Financing authority(total)85
1930Total budgetary resources available8511
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year111
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)28
3030Obligations incurred, unexpired accounts84
3040Financing disbursements (gross)–56–28
3050Change in uncollected pymts, Fed sources, unexpired–23
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)28
3091Uncollected pymts, Fed sources, end of year–23
3100Obligated balance, end of year (net)5
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross85
Financing disbursements:
4110Financing disbursements, gross5628
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Federal sources–45
4122Interest on uninvested funds–1
4130Offsets against gross financing auth and disbursements (total)–46
Additional offsets against financing authority only (total):
4140Change in uncollected pymts, Fed sources, unexpired–23
4160Financing authority, net (mandatory)16
4170Financing disbursements, net (mandatory)1028
4180Financing authority, net (total)16
4190Financing disbursements, net (total)1028
Status of Direct Loans(in millions of dollars)Identification code 86–4589–0–3–6042010 actualCR2012 est.
Position with respect to appropriations act limitation on obligations:
1131Direct loan obligations exempt from limitation83
1150Total direct loan obligations83
Cumulative balance of direct loans outstanding:
1210Outstanding, start of year5683
1231Disbursements: Direct loan disbursements5627
1290Outstanding, end of year568383
Balance Sheet(in millions of dollars)Identification code 86–4589–0–3–6042009 actual2010 actual
Group heading
ASSETS:
1101Federal assets: Fund balances with Treasury6
Net value of assets related to post-1991 direct loans receivable:
1401Direct loans receivable, gross56
1405Allowance for subsidy cost (-)–46
1499Net present value of assets related to direct loans10
1999Total assets16
LIABILITIES:
2103Federal liabilities: Debt16
2999Total liabilities16
NET POSITION:
3999Total net position
4999Total liabilities and net position16
The Interstate Land Sales Full Disclosure Act provides protection to the public with respect to purchase or leases of subdivision lots. Statements of record must be filed with the Secretary before subdivisions with 100 or more lots may be sold in interstate commerce, except when the subdivision is eligible for exemption. The Secretary is authorized to charge a fee, to be paid by the developer when filing a statement of record. The fee receipts are permanently appropriated and help finance a portion of the direct administrative expenses incurred in program operations. Special and Trust Fund Receipts(in millions of dollars)Identification code 86–5270–0–2–3762010 actualCR2012 est.
0100Balance, start of year1
Receipts:
0200Interstate Land Sales Fund11
0400Total: Balances and collections12
Appropriations:
0500Interstate Land Sales–1
0799Balance, end of year11
Program and Financing(in millions of dollars)Identification code 86–5270–0–2–3762010 actualCR2012 est.
Obligations by program activity:
0001Transfer to salaries and expenses1
0900Total new obligations (object class 25.2)1
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1201Appropriation (special fund)1
1930Total budgetary resources available1
Change in obligated balance:
3030Obligations incurred, unexpired accounts1
3040Outlays (gross)–1
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross1
Outlays, gross:
4100Outlays from new mandatory authority1
4180Budget authority, net (total)1
4190Outlays, net (total)1
Rental Housing Assistance Fund The Housing and Urban Development Act of 1968 authorized the Secretary to establish a revolving fund into which rental collections in excess of the established basic rents for units in Section 236 subsidized projects would be deposited.The Housing and Community Development Amendment of 1978 authorized the Secretary, subject to approval in appropriation acts, to transfer excess rent collections received after 1978 to the Troubled Projects Operating Subsidy program, renamed the Flexible Subsidy Fund. Prior to that time, collections were used for paying tax and utility increases in Section 236 projects. The Housing and Community Development Act of 1980 amended the 1978 Act by authorizing the transfer of excess rent collections regardless of when collected. The Budget proposes appropriation language in the general provisions at the end of this budget chapter to eliminate the mandatory transfer of excess resources from the Rental Housing Assistance Fund to the Flexible Subsidy Fund. These excess resources cannot be spent under existing law in either account, making the transfer unnecessary. Program and Financing(in millions of dollars)Identification code 86–4041–0–3–6042010 actualCR2012 est.
Obligations by program activity:
0801Transfer to HUD's Flexible Subsidy Fund34
0900Total new obligations (object class 94.0)34
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1331
Budget authority:
Spending authority from offsetting collections, mandatory:
1800Collected322
1930Total budgetary resources available653
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year313
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)2
3030Obligations incurred, unexpired accounts34
3040Outlays (gross)–3–2–2
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)2
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross322
Outlays, gross:
4100Outlays from new mandatory authority22
4101Outlays from mandatory balances3
4110Outlays, gross (total)322
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123Non-Federal sources–3–2–2
4160Budget authority, net (mandatory)
4170Outlays, net (mandatory)
4180Budget authority, net (total)
4190Outlays, net (total)
Object Classification(in millions of dollars)Identification code 86–4041–0–3–6042010 actualCR2012 est.
Reimbursable obligations:
94.0Financial transfers34
99.0Reimbursable obligations34
The Flexible Subsidy Fund assisted financially troubled subsidized projects under certain Federal Housing Administration (FHA) authorities. The subsidies were intended to prevent potential losses to the FHA fund resulting from project insolvency and to preserve these projects as a viable source of housing for low and moderate-income tenants. Priority was given to projects with Federal insurance-in-force and then to those with mortgages that had been assigned to the Department of Housing and Urban Development. The budget proposes appropriation language in the general provisions at the end of this budget chapter to eliminate the transfer of excess resources from the Rental Housing Assistance Fund to the Flexible Subsidy Fund. These excess funds cannot be spent under existing law in either account, making the transfer unnecessary. The excess funds will be withdrawn.Program and Financing(in millions of dollars)Identification code 86–4044–0–3–6042010 actualCR2012 est.
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1128164190
Budget authority:
Spending authority from offsetting collections, discretionary:
1700Collected362622
1930Total budgetary resources available164190212
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year164190212
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross362622
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–3–3
4033Non-Federal sources–33–23–22
4040Offsets against gross budget authority and outlays (total)–36–26–22
4070Budget authority, net (discretionary)
4080Outlays, net (discretionary)–36–26–22
4180Budget authority, net (total)
4190Outlays, net (total)–36–26–22
Status of Direct Loans(in millions of dollars)Identification code 86–4044–0–3–6042010 actualCR2012 est.
Cumulative balance of direct loans outstanding:
1210Outstanding, start of year609583563
1251Repayments: Repayments and prepayments–26–20–20
1290Outstanding, end of year583563543
Balance Sheet(in millions of dollars)Identification code 86–4044–0–3–6042009 actual2010 actual
ASSETS:
1101Federal assets: Fund balances with Treasury128164
1601Direct loans, gross609582
1602Interest receivable106108
1603Allowance for estimated uncollectible loans and interest (-)–639–617
1699Value of assets related to direct loans7673
1999Total assets204237
LIABILITIES:
2999Total liabilities
NET POSITION:
3100Appropriated capital–376–376
3300Cumulative results of operations580613
3999Total net position204237
4999Total liabilities and net position204237
Home Ownership Preservation Entity Fund Financing Account As required by the Federal Credit Reform Act of 1990, this non-budgetary account records all cash flows to and from the Government resulting from loans insured in 1992 and thereafter. The amounts in this account are considered a means of financing and are not included in the budget totals. Program and Financing(in millions of dollars)Identification code 86–4353–0–3–3712010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0711Default claim payments on principal11
0712Default claim payments on interest1
0900Total new obligations12
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1157
Financing authority:
Spending authority from offsetting collections, mandatory:
1800Collected431
1930Total budgetary resources available588
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year576
Change in obligated balance:
3030Obligations incurred, unexpired accounts12
3040Financing disbursements (gross)–1–2
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross431
Financing disbursements:
4110Financing disbursements, gross12
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Positive subsidy from HOPE Bonds–3–2
4123Premiums–1–1
4123Recoveries on defaults–1
4130Offsets against gross financing auth and disbursements (total)–4–3–1
4160Financing authority, net (mandatory)
4170Financing disbursements, net (mandatory)–4–21
4180Financing authority, net (total)
4190Financing disbursements, net (total)–4–21
Status of Guaranteed Loans(in millions of dollars)Identification code 86–4353–0–3–3712010 actualCR2012 est.
Position with respect to appropriations act limitation on commitments:
2121Limitation available from carry-forward299,996299,976
2142Uncommitted loan guarantee limitation–299,956
2143Uncommitted limitation carried forward–299,976
2150Total guaranteed loan commitments2020
2199Guaranteed amount of guaranteed loan commitments2020
Cumulative balance of guaranteed loans outstanding:
2210Outstanding, start of year42442
2231Disbursements of new guaranteed loans2020
2251Repayments and prepayments–1–2
2262Adjustments: Terminations for default that result in acquisition of property–1–2
2290Outstanding, end of year244238
Memorandum:
2299Guaranteed amount of guaranteed loans outstanding, end of year244238
Balance Sheet(in millions of dollars)Identification code 86–4353–0–3–3712009 actual2010 actual
ASSETS:
1101Federal assets: Fund balances with Treasury15
LIABILITIES:
2204Non-Federal liabilities: Liabilities for loan guarantees15
Home Ownership Preservation Equity Fund Program Account The HOPE for Homeowners (H4H) program was created by the Housing and Economic Recovery Act of 2008 (Act) to help homeowners at risk of default and foreclosure refinance into more affordable, sustainable loans. Under the H4H Program, eligible homeowners may refinance their current mortgage loans into a new mortgage insured by FHA. The principal obligation of all mortgages insured under the H4H program may not exceed $300 billion. The Helping Families Save Their Homes Act of 2009 amended the National Housing Act, providing for key changes in the H4H program. These changes, which are effective for endorsements on or after January 1, 2010, include more underwriting flexibility and lower premia and appreciation sharing assessments. The program will terminate on September 30, 2011.As required by the Federal Credit Reform Act of 1990, this account records the administrative expenses for this program, as well as the subsidy costs, associated with the loan guarantees committed. The subsidy amounts are estimated on a present value basis; the administrative expenses are estimated on a cash basis. Under the Act, the Department of the Treasury is authorized to issue HOPE Bonds, up to the aggregate insurance amount, to finance the subsidy amounts necessary for loan guarantees, as well as for the net costs to the Federal Government of the program, including administrative costs.Program and Financing(in millions of dollars)Identification code 86–0343–0–1–3712010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0702Loan guarantee subsidy32
0709Administrative expenses122
0900Total new obligations442
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1464469465
Budget authority:
Spending authority from offsetting collections, mandatory:
1800Collected9
1900Budget authority (total)9
1930Total budgetary resources available473469465
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year469465463
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)111
3030Obligations incurred, unexpired accounts442
3040Outlays (gross)–4–4–2
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)111
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross9
Outlays, gross:
4101Outlays from mandatory balances442
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4120Federal sources–9
4160Budget authority, net (mandatory)
4170Outlays, net (mandatory)–542
4180Budget authority, net (total)
4190Outlays, net (total)–542
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program(in millions of dollars)Identification code 86–0343–0–1–3712010 actualCR2012 est.
Guaranteed loan levels supportable by subsidy budget authority:
215001HOPE for Homeowners Loan Guarantees2020
215999Total loan guarantee levels2020
Guaranteed loan subsidy (in percent):
232001HOPE for Homeowners Loan Guarantees17.5510.900.00
232999Weighted average subsidy rate17.5510.900.00
Guaranteed loan subsidy budget authority:
233001HOPE for Homeowners Loan Guarantees32
233999Total subsidy budget authority32
Guaranteed loan subsidy outlays:
234001HOPE for Homeowners Loan Guarantees32
234999Total subsidy outlays32
Administrative expense data:
3510Budget authority122
3590Outlays from new authority22
Object Classification(in millions of dollars)Identification code 86–0343–0–1–3712010 actualCR2012 est.
Direct obligations:
25.2Other services from non-federal sources122
41.0Grants, subsidies, and contributions32
99.0Direct obligations442
99.9Total new obligations442
Nehemiah Housing Opportunity Fund The Nehemiah Grants program was authorized by the Housing and Community Development Act of 1987 to provide loans to eligible families to assist in the purchase of new or substantially rehabilitated units. Program and Financing(in millions of dollars)Identification code 86–4071–0–3–6042010 actualCR2012 est.
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 19
1029Other balances withdrawn–9
1050Unobligated balance (total)
1930Total budgetary resources available
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)444
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)444
4180Budget authority, net (total)
4190Outlays, net (total)
FHA-mutual Mortgage Insurance Program Account Federal Housing Administrationmutual mortgage insurance program account(including transfer of funds) New commitments to guarantee single family loans insured under the Mutual Mortgage Insurance Fund shall not exceed $400,000,000,000, to remain available until September 30, 20122013: Provided, That for the cost of new guaranteed loans, as authorized by section 255 of the National Housing Act (12 U.S.C. 1715z-20), $250,000,000; and, in addition, to the extent that new guaranteed loan commitments under section 255 will and do exceed $30,000,000,000 during fiscal year 2011, an additional $8,300 shall be available for each $1,000,000 in such additional commitments (including a pro rata amount for any new guaranteed loan commitment amount below $1,000,000): Provided further, That during fiscal year 20112012, obligations to make direct loans to carry out the purposes of section 204(g) of the National Housing Act, as amended, shall not exceed $50,000,000: Provided further, That the foregoing amount in the previous proviso shall be for loans to nonprofit and governmental entities in connection with sales of single family real properties owned by the Secretary and formerly insured under the Mutual Mortgage Insurance Fund. For administrative contract expenses of the Federal Housing Administration, $207,000,000$230,000,000, to remain available until September 30, 20122013, of which up to $71,500,000$72,000,000 may be transferred to the Working Capital Fund: Provided further, That to the extent guaranteed loan commitments exceed $200,000,000,000 on or before April 1, 20112012, an additional $1,400 for administrative contract expenses shall be available for each $1,000,000 in additional guaranteed loan commitments (including a pro rata amount for any amount below $1,000,000), but in no case shall funds made available by this proviso exceed $30,000,000. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The Federal Housing Administration (FHA) provides mortgage insurance to encourage lenders to make credit available to borrowers for which the conventional market does not adequately serve. These include first-time homebuyers, minorities, lower-income families, and residents of underserved areas (central cities and rural areas). In recent years, FHA has also served broader populations, providing access as conventional financing became scarce. In 2012, FHA is requesting a limitation of $400 billion on loan guarantees for the Mutual Mortgage Insurance (MMI) Fund. The Budget projects insurance of $218 billion in single family forward mortgages and $20 billion in Home Equity Conversion Mortgages (HECMs) with an additional $78 billion in commitment limitation available in case these amounts are exceeded during execution. In October 2010, FHA increased its annual premium by 0.25 percent and the Budget assumes another increase of this size in April 2011. These premium increases will bolster FHA's capital reserves, accelerating the point at which FHA will regain compliance with its statutorily mandated capital reserve ratio. These increases also contribute to higher receipts generated by FHA's loan guarantee volume, amounts that offset the budget deficit.The Budget requests an increase in administrative expenses to $230 million, which will allow FHA to implement improved risk management systems critical for FHA's current large role in the mortgage market.As required by the Federal Credit Reform Act of 1990, this account records the subsidy costs, if any, associated with the loan guarantees committed in 1992 and thereafter. The subsidy amounts are estimated on a present value basis.Program and Financing(in millions of dollars)Identification code 86–0183–0–1–3712010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0707Reestimates of loan guarantee subsidy8,4425,829
0708Interest on reestimates of loan guarantee subsidy1,4261,772
0709Administrative expenses112189158
0900Total new obligations9,9807,790158
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1
1011Unobligated balance transferred from other accounts9,8684,375
1050Unobligated balance (total)9,8684,375
Budget authority:
Appropriations, discretionary:
1100Appropriation - Administrative Expenses189189230
1120Appropriations transferred to other accounts–72–72
1160Appropriation, discretionary (total)117189158
Spending authority from offsetting collections, mandatory:
1811Spending authority from offsetting collections transferred from other accounts3,226
1900Budget authority (total)1173,415158
1930Total budgetary resources available9,9857,790158
Memorandum (non-add) entries:
1940Unobligated balance expiring–5
1941Unexpired unobligated balance, end of year
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)8613261
3030Obligations incurred, unexpired accounts9,9807,790158
3040Outlays (gross)–9,928–7,861–163
3081Recoveries of prior year unpaid obligations, expired–6
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1326156
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross117189158
Outlays, gross:
4010Outlays from new discretionary authority9158132
4011Outlays from discretionary balances5110231
4020Outlays, gross (total)60260163
Mandatory:
4090Budget authority, gross3,226
Outlays, gross:
4100Outlays from new mandatory authority3,226
4101Outlays from mandatory balances9,8684,375
4110Outlays, gross (total)9,8687,601
4180Budget authority, net (total)1173,415158
4190Outlays, net (total)9,9287,861163
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program(in millions of dollars)Identification code 86–0183–0–1–3712010 actualCR2012 est.
Direct loan levels supportable by subsidy budget authority:
115001MMI Fund, Direct loans5050
115999Total direct loan levels5050
Guaranteed loan levels supportable by subsidy budget authority:
215002MMI Fund297,614300,318218,000
215004MMI HECM21,08724,28120,000
215007MMI Refi60,00083,681
215999Total loan guarantee levels318,701384,599321,681
Guaranteed loan subsidy (in percent):
232002MMI Fund–0.86–3.25–2.16
232004MMI HECM–0.50–0.01–1.52
232007MMI Refi0.000.000.00
232999Weighted average subsidy rate–0.84–2.54–1.56
Guaranteed loan subsidy budget authority:
233002MMI Fund–2,546–9,760–4,709
233004MMI HECM–106–2–304
233999Total subsidy budget authority–2,652–9,763–5,013
Guaranteed loan subsidy outlays:
234002MMI Fund–2,546–9,760–4,709
234004MMI HECM–106–2–304
234999Total subsidy outlays–2,652–9,762–5,013
Guaranteed loan upward reestimates:
235002MMI Fund7,6307,035
235004MMI HECM2,239566
235999Total upward reestimate budget authority9,8697,601
Guaranteed loan downward reestimates:
237002MMI Fund–26–847
237999Total downward reestimate subsidy budget authority–26–847
Administrative expense data:
3510Budget authority118117158
3580Outlays from balances1510218
3590Outlays from new authority998133
Object Classification(in millions of dollars)Identification code 86–0183–0–1–3712010 actualCR2012 est.
Direct obligations:
25.2Other services from non-federal sources112189158
41.0Grants, subsidies, and contributions8,4425,829
43.0Interest and dividends1,4261,772
99.9Total new obligations9,9807,790158
FHA-mutual Mortgage Insurance Direct Loan Financing Account As required by the Federal Credit Reform Act of 1990, this non-budgetary account records all cash flows to and from the Government resulting from direct loans obligated in 1992 and thereafter (including modifications of direct loans that resulted from obligations in any year). The amounts in this account are a means of financing and are not included in the budget totals. The 2012 direct loan limitation of $50 million in the MMI Fund would permit the Department to use Purchase Money Mortgages (PMMs) to help finance the sale of acquired single family properties. HUD would extend credit for these single family homes to community non-profit organizations or local government entities, which would be expected to sell the properties to low- and moderate-income buyers. The use of PMMs provides a tool for State and local non-profit organizations to use in revitalizing communities, and creates enhanced homeownership opportunities for low- and moderate-income families.Program and Financing(in millions of dollars)Identification code 86–4242–0–3–3712010 actualCR2012 est.
Obligations by program activity:
0003Claims & other44
Credit program obligations:
0710Direct loan obligations5050
0713Payment of interest to Treasury22
0791Direct program activities, subtotal5252
0900Total new obligations5656
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 14554
1023Unobligated balances applied to repay debt–49
1050Unobligated balance (total)455
Financing authority:
Borrowing authority, mandatory:
1400Borrowing authority15050
Spending authority from offsetting collections, mandatory:
1800Collected5555
1900Financing authority(total)1105105
1930Total budgetary resources available5110110
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year55454
Change in obligated balance:
3030Obligations incurred, unexpired accounts5656
3040Financing disbursements (gross)–56–56
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross1105105
Financing disbursements:
4110Financing disbursements, gross5656
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4122Interest on uninvested funds–1–1
4123Repayment of Principal–50–50
4123Repayment of interest–4–4
4130Offsets against gross financing auth and disbursements (total)–55–55
4160Financing authority, net (mandatory)15050
4170Financing disbursements, net (mandatory)11
4180Financing authority, net (total)15050
4190Financing disbursements, net (total)11
Status of Direct Loans(in millions of dollars)Identification code 86–4242–0–3–3712010 actualCR2012 est.
Position with respect to appropriations act limitation on obligations:
1111Limitation on direct loans5050
1150Total direct loan obligations5050
Cumulative balance of direct loans outstanding:
1231Disbursements: Direct loan disbursements5050
1251Repayments: Repayments and prepayments–50–50
1290Outstanding, end of year
Balance Sheet(in millions of dollars)Identification code 86–4242–0–3–3712009 actual2010 actual
ASSETS:
1101Federal assets: Fund balances with Treasury45
Net value of assets related to post-1991 direct loans receivable:
1405Allowance for subsidy cost (-)–4–4
1499Net present value of assets related to direct loans–4–4
1999Total assets1
LIABILITIES:
2103Federal liabilities: Federal Liabilities - Debt1
2999Total liabilities1
4999Total liabilities and net position1
FHA-mutual Mortgage Insurance Guaranteed Loan Financing Account As required by the Federal Credit Reform Act of 1990, this non-budgetary account records all cash flows to and from the Government resulting from loans insured in 1992 and thereafter. The amounts in this account are considered a means of financing and are not included in the budget totals. Program and Financing(in millions of dollars)Identification code 86–4587–0–3–3712010 actualCR2012 est.
Obligations by program activity:
0003Other capital investment & operating expenses1,3793,1993,388
Credit program obligations:
0711Default claim payments on principal12,29322,80322,527
0712Default claim payments on interest1,366
0713Payment of interest to Treasury140278139
0740Negative subsidy obligations2,6519,7625,013
0742Downward reestimate paid to receipt account7815
0743Interest on downward reestimates1933
0791Direct program activities, subtotal16,47633,69127,679
0900Total new obligations17,85536,89031,067
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 119,93627,32027,700
1021Recoveries of prior year unpaid obligations62
1050Unobligated balance (total)19,99827,32027,700
Financing authority:
Borrowing authority, mandatory:
1400Borrowing authority6,0005,200
Spending authority from offsetting collections, mandatory:
1800Offsetting collections25,43932,27027,554
1801Change in uncollected payments, Federal sources–2
1825Spending authority from offsetting collections applied to repay debt–260–1,000–1,050
1850Spending auth from offsetting collections, mand (total)25,17731,27026,504
1900Financing authority(total)25,17737,27031,704
1930Total budgetary resources available45,17564,59059,404
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year27,32027,70028,337
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)1,2091,5582,376
3010Uncollected pymts, Fed sources, brought forward, Oct 1–2
3020Obligated balance, start of year (net)1,2071,5582,376
3030Obligations incurred, unexpired accounts17,85536,89031,067
3040Financing disbursements (gross)–17,444–36,072–32,469
3050Change in uncollected pymts, Fed sources, unexpired2
3080Recoveries of prior year unpaid obligations, unexpired–62
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1,5582,376974
3091Uncollected pymts, Fed sources, end of year
3100Obligated balance, end of year (net)1,5582,376974
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross25,17737,27031,704
Financing disbursements:
4110Financing disbursements, gross17,44436,07232,469
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Transfer of Reestimates from reserves in Capital Reserve account–9,868–7,601
4122Interest on uninvested funds–1,215–834–266
4123Fees and premiums–9,291–9,586–11,803
4123Recoveries on defaults–5,065–14,249–15,485
4130Offsets against gross financing auth and disbursements (total)–25,439–32,270–27,554
Additional offsets against financing authority only (total):
4140Change in uncollected pymts, Fed sources, unexpired2
4160Financing authority, net (mandatory)–2605,0004,150
4170Financing disbursements, net (mandatory)–7,9953,8024,915
4180Financing authority, net (total)–2605,0004,150
4190Financing disbursements, net (total)–7,9953,8024,915
Status of Guaranteed Loans(in millions of dollars)Identification code 86–4587–0–3–3712010 actualCR2012 est.
Position with respect to appropriations act limitation on commitments:
2111Limitation on guaranteed loans made by private lenders400,000400,000400,000
2142Uncommitted loan guarantee limitation–81,299–15,401–78,319
2150Total guaranteed loan commitments318,701384,599321,681
2199Guaranteed amount of guaranteed loan commitments318,701384,599321,681
Cumulative balance of guaranteed loans outstanding:
2210Outstanding, start of year683,948885,6241,135,942
2231Disbursements of new guaranteed loans310,407375,567280,674
2251Repayments and prepayments–95,071–118,017–138,265
Adjustments:
2261Terminations for default that result in loans receivable–34–533–672
2262Terminations for default that result in acquisition of property–12,629–21,801–23,764
2263Terminations for default that result in claim payments–997–476–594
2264Other adjustments, net15,578
2290Outstanding, end of year885,6241,135,9421,253,321
Memorandum:
2299Guaranteed amount of guaranteed loans outstanding, end of year867,8981,135,9421,253,321
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310Outstanding, start of year5607281,232
2331Disbursements for guaranteed loan claims2181,0071,143
2351Repayments of loans receivable–13–503–533
2361Write-offs of loans receivable–37
2390Outstanding, end of year7281,2321,842
Balance Sheet(in millions of dollars)Identification code 86–4587–0–3–3712009 actual2010 actual
ASSETS:
Federal assets:
1101Fund balances with Treasury21,14328,878
Investments in US securities:
1106Receivables, net8,0903,542
Non-Federal assets:
1201Investments in non-Federal securities, net107
1206Receivables, net5400
Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable:
1501Defaulted guaranteed loans receivable, gross560728
1504Foreclosed property4,8756,833
1505Allowance for subsidy cost–3,164–4,282
1599Net value of assets related to defaulted guaranteed loan2,2713,279
1901Other Federal assets: Other assets31270
1999Total assets31,55036,376
LIABILITIES:
Federal liabilities:
2101Accounts payable266,886
2103Federal liabilities, Debt2,6502,390
Non-Federal liabilities:
2201Accounts payable371586
2204Liabilities for loan guarantees28,45126,028
2207Other52486
2999Total liabilities31,55036,376
4999Total upward reestimate subsidy BA [86–0183]31,55036,376
FHA-mutual Mortgage Insurance Capital Reserve Account In 2002, a Capital Reserve account was established for the Mutual Mortgage Insurance Fund. Financial reserves, including securities, of the MMI Fund were transferred from the liquidating account to the Capital Reserve account. In 2003, this mandatory account started earning interest on Treasury investments, collecting negative subsidy and downward re-estimates from the Financing account, and paying upward re-estimates to the Program account. The Liquidating account now only reflects cashflows related to pre-1992 books of business.Program and Financing(in millions of dollars)Identification code 86–0236–0–1–3712010 actualCR2012 est.
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 110,6044,3758,002
1010Unobligated balance transferred to other accounts–9,868–4,375
1050Unobligated balance (total)7368,002
Budget authority:
Spending authority from offsetting collections, mandatory:
1800Offsetting collections (negative subsidy)2,6519,7625,013
1800Offsetting collections (interest on investments)1,023619750
1800Offsetting collections (downward reestimate)26847
1801Change in uncollected payments, Federal sources–61
1810Spending authority from offsetting collections transferred to other accounts–3,226
1850Spending auth from offsetting collections, mand (total)3,6398,0025,763
1930Total budgetary resources available4,3758,00213,765
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year4,3758,00213,765
Change in obligated balance:
Obligated balance, start of year (net):
3010Uncollected pymts, Fed sources, brought forward, Oct 1–84–23–23
3050Change in uncollected pymts, Fed sources, unexpired61
Obligated balance, end of year (net):
3091Uncollected pymts, Fed sources, end of year–23–23–23
Budget authority and outlays, net:
Discretionary:
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources - Negative Subsidy from New Business–2,651–9,762–5,013
4070Budget authority, net (discretionary)–2,651–9,762–5,013
4080Outlays, net (discretionary)–2,651–9,762–5,013
Mandatory:
4090Budget authority, gross3,6398,0025,763
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4120Federal sources - Downward Reestimate–26–847
4121Interest on Federal securities–1,023–619–750
4130Offsets against gross budget authority and outlays (total)–1,049–1,466–750
Additional offsets against gross budget authority only:
4140Change in uncollected pymts, Fed sources, unexpired61
4160Budget authority, net (mandatory)2,6516,5365,013
4170Outlays, net (mandatory)–1,049–1,466–750
4180Budget authority, net (total)–3,226
4190Outlays, net (total)–3,700–11,228–5,763
Memorandum (non-add) entries:
5000Total investments, SOY: Federal securities: Par value10,6644,1945,189
5001Total investments, EOY: Federal securities: Par value4,1945,18910,242
Balance Sheet(in millions of dollars)Identification code 86–0236–0–1–3712009 actual2010 actual
ASSETS:
Federal assets:
1101Fund balances with Treasury57266
Investments in US securities:
1102Treasury securities, net10,5464,127
1106Receivables, net1106,908
1999Total assets10,71311,301
LIABILITIES:
2101Federal liabilities: Accounts payable8,0903,542
2999Total liabilities8,0903,542
NET POSITION:
3300Cumulative results of operations2,6237,759
3999Total net position2,6237,759
4999Total liabilities and net position10,71311,301
FHA-mutual Mortgage and Cooperative Housing Insurance Funds Liquidating Account The Federal Housing Administration Fund currently consists of four separate insurance funds.In order to present more clearly the operations of the various funds, FHA's budget transactions are separated into two major business segments. The basic single family insurance programs, including the Condominium, Section 203(k) rehabilitation, and Home Equity Conversion Mortgage programs, in the Mutual Mortgage Insurance (MMI) fund and the multifamily Cooperative Management Housing Insurance (CMHI) funds form one segment. All other multifamily and other specialized insurance programs are in the General Insurance and Special Risk Insurance funds (GI/SRI) .The Federal Credit Reform Act of 1990 creates a structure of three accounts for existing credit programs. For each of the FHA business segments (MMI/CMHI and GI/SRI) there is a liquidating account, which records the revenues and costs associated with loan insurance committed prior to October 1, 1991; a financing account which records the revenues and costs associated with commitments to insure loans made after September 30, 1991; and, a program account which records the transactions associated with the program subsidy costs, if any, and the costs of administering the program.This liquidating account records, for this program, all cash flows to and from the Government resulting from MMI/CMHI loans insured prior to 1992 and is shown on a cash basis. All new activity in this program in 1992 and thereafter (including modifications of loans insured in any year) is recorded in the corresponding program (86–0183) and financing (86–4587 and 86–4242) accounts.In 2002, the MMI Capital Reserve account was established to maintain reserves required by statute that were previously deposited in the liquidating account.The program activity in the "Program Highlights'' table shown below reflects only the activity in the MMI/CMHI liquidating and financing accounts. The GI/SRI program activity can be found with the GI/SRI liquidating account (86–4072) and financing account (86–4077).Program Highlights(in millions of dollars)2010 actual2011 est.2012 est.
Mortgage Insurance Written (in fiscal year):
Purchase and Refinance$297,614$300,318$218,000
Home Equity Conversion Mortgages (Maximum Claim Amounts)$21,087$24,281$20,000
|
Loans:
Purchase and Refinance1,667,1191,682,2661,221,152
Home Equity Conversion Mortgages79,10591,08775,027
The following tables reflect the revenues, expenses and financial condition of the MMI/CMHI liquidating funds based on Generally Accepted Accounting Principles.Program and Financing(in millions of dollars)Identification code 86–4070–0–3–3712010 actualCR2012 est.
Obligations by program activity:
0103Acquisition of real properties353130
0107Capitalized expenses211
0108Loss mitigation activities333
0191Total capital investment403534
0202Other Operation expenses332
0900Total new obligations433836
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1303722
1021Recoveries of prior year unpaid obligations30
1050Unobligated balance (total)603722
Budget authority:
Spending authority from offsetting collections, mandatory:
1800Collected202321
1930Total budgetary resources available806043
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year37227
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)200169169
3030Obligations incurred, unexpired accounts433836
3040Outlays (gross)–44–38–37
3080Recoveries of prior year unpaid obligations, unexpired–30
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)169169168
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross202321
Outlays, gross:
4100Outlays from new mandatory authority202321
4101Outlays from mandatory balances241516
4110Outlays, gross (total)443837
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123Non-Federal sources - Fees & Premiums–1–7–5
4123Non-Federal sources - Recoveries–19–16–16
4130Offsets against gross budget authority and outlays (total)–20–23–21
4160Budget authority, net (mandatory)
4170Outlays, net (mandatory)241516
4180Budget authority, net (total)
4190Outlays, net (total)241516
Status of Guaranteed Loans(in millions of dollars)Identification code 86–4070–0–3–3712010 actualCR2012 est.
Cumulative balance of guaranteed loans outstanding:
2210Outstanding, start of year6,9045,1354,732
2251Repayments and prepayments–1,756–372–977
Adjustments:
2262Terminations for default that result in acquisition of property–13–30–30
2263Terminations for default that result in claim payments–1–1
2290Outstanding, end of year5,1354,7323,724
Memorandum:
2299Guaranteed amount of guaranteed loans outstanding, end of year5,1354,7323,724
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310Outstanding, start of year191615
2331Disbursements for guaranteed loan claims11
2351Repayments of loans receivable–1–1–2
2361Write-offs of loans receivable–2–1–1
2390Outstanding, end of year161513
Balance Sheet(in millions of dollars)Identification code 86–4070–0–3–3712009 actual2010 actual
ASSETS:
1101Federal assets: Fund balances with Treasury230206
1206Non-Federal assets: Receivables, net32
1701Defaulted guaranteed loans, gross1916
1702Interest receivable4
1703Allowance for estimated uncollectible loans and interest (-)–13–9
1704Defaulted guaranteed loans and interest receivable, net107
1706Foreclosed property1616
1799Value of assets related to loan guarantees2623
1901Other Federal assets: Other assets21
1999Total assets261232
LIABILITIES:
Non-Federal liabilities:
2201Accounts payable177146
2204Liabilities for loan guarantees1410
2207Unearned revenue and advances, and other112
2999Total liabilities192168
NET POSITION:
3300Cumulative results of operations6964
3999Total net position6964
4999Total liabilities and net position261232
Object Classification(in millions of dollars)Identification code 86–4070–0–3–3712010 actualCR2012 est.
Direct obligations:
25.2Other services from non-federal sources343
32.0Land and structures353130
42.0Insurance claims and indemnities533
99.9Total new obligations433836
FHA-general and Special Risk Program Account general and special risk program account During fiscal year 2011, commitments to guarantee loans incurred under the General and Special Risk Insurance Funds, as authorized by sections 238 and 519 of the National Housing Act (12 U.S.C. 1715z-3 and 1735c), shall not exceed $20,000,000,000 in total loan principal, any part of which is to be guaranteed.For the cost of guaranteed loans, as authorized by sections 238 and 519 of the National Housing Act (12 U.S.C. 1715z-3 and 1735c), including the cost of loan guarantee modifications, as that term is defined in section 502 of the Congressional Budget Act of 1974, as amended, $8,600,000, to remain available until expended: Provided, That commitments to guarantee loans shall not exceed $25,000,000,000 in total loan principal, any part of which is to be guaranteed.Gross obligations for the principal amount of direct loans, as authorized by sections 204(g), 207(l), 238, and 519(a) of the National Housing Act, shall not exceed $20,000,000,which shall be for loans to non-profit and governmental entities in connection with the sale of single family real properties owned by the Secretary and formerly insured under such Act. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.This account includes budget authority and outlays for FHA's General Insurance and Special Risk Insurance Fund programs requiring positive credit subsidies, including credit subsidy reestimates and modifications. In 2009 the Department consolidated the bulk of new issuance activity for FHA single family programs under the Mutual Mortgage Insurance (MMI) Fund, pursuant to the Housing and Economic Recovery Act of 2008 (P.L. 10–289), shifting several programs—including condominium mortgage insurance and Home Equity Conversion Mortgage (HECM) insurance—that had previously been administered through this account into the MMI Fund. This account no longer includes appropriations for administrative contract costs, which were moved to the MMI Fund in 2010. The Budget assumes that HUD will administratively suspend the Section 238(c) program in 2012. The Section 238(c) program provides single family mortgage insurance similar to MMI for a small number of families in areas affected by military installations. The elimination of Section 238(c) will not negatively impact the availability of FHA insured financing in the six counties currently covered under this program.As required by the Federal Credit Reform Act of 1990, this account records the subsidy costs associated with loan guarantees committed or direct loans obligated in 1992 and thereafter. The subsidy amounts are estimated on a present value basis.Program and Financing(in millions of dollars)Identification code 86–0200–0–1–3712010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0702Loan guarantee subsidy946
0704Subsidy for modifications of loan guarantees5
0707Reestimates of loan guarantee subsidy6602,088
0708Interest on reestimates of loan guarantee subsidy203936
0900Total new obligations (object class 41.0)8773,0286
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1151015
Budget authority:
Appropriations, discretionary:
1100Appropriation999
Appropriations, mandatory:
1200Appropriation8633,024
1900Budget authority (total)8723,0339
1930Total budgetary resources available8873,04324
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year101518
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)832817
3030Obligations incurred, unexpired accounts8773,0286
3040Outlays (gross)–914–3,039–12
3081Recoveries of prior year unpaid obligations, expired–18
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)281711
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross999
Outlays, gross:
4010Outlays from new discretionary authority977
4011Outlays from discretionary balances4285
4020Outlays, gross (total)511512
Mandatory:
4090Budget authority, gross8633,024
Outlays, gross:
4100Outlays from new mandatory authority8633,024
4180Budget authority, net (total)8723,0339
4190Outlays, net (total)9143,03912
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program(in millions of dollars)Identification code 86–0200–0–1–3712010 actualCR2012 est.
Direct loan levels supportable by subsidy budget authority:
115001GI/SRI Direct Loans11
115999Total direct loan levels11
Guaranteed loan levels supportable by subsidy budget authority:
215001Multifamily Development2,7264,0004,371
215002221(d)(3) Cooperatives1293535
215003Tax Credit New Construction8391,0001,264
215004238(c) Military Impact Area8785
215005Apartments Refinance6,7267,0006,175
215006241 Supplemental Loans13918
215007Multifamily Operating Loss Loans12
215008Housing Finance Authority Risk Sharing119200233
215009GSE Risk Sharing60100
215010Health Care and Nursing Homes640500598
215011Health Care Refinances2,3403,5006,106
215012Hospitals1,7192,5002,930
215013Other Rental582750627
215017Title 1 Property Improvement61154170
215018Title 1 Manufactured Housing875965
215022Standby Authority1482,306
215999Total loan guarantee levels16,06920,00025,000
Guaranteed loan subsidy (in percent):
232001Multifamily Development–1.63–1.88–1.09
232002221(d)(3) Cooperatives6.6110.7411.81
232003Tax Credit New Construction–3.58–3.45–2.30
232004238(c) Military Impact Area0.430.040.00
232005Apartments Refinance–3.87–3.40–2.17
232006241 Supplemental Loans2.105.405.01
232007Multifamily Operating Loss Loans23.4021.6320.57
232008Housing Finance Authority Risk Sharing–1.61–1.42–0.99
232009GSE Risk Sharing0.00–1.43–0.99
232010Health Care and Nursing Homes–0.53–0.65–1.34
232011Health Care Refinances–2.29–1.51–1.96
232012Hospitals–4.28–3.67–3.82
232013Other Rental–2.95–3.10–1.70
232017Title 1 Property Improvement–0.77–0.76–0.67
232018Title 1 Manufactured Housing–0.51–0.99–2.14
232999Weighted average subsidy rate–2.96–2.60–1.85
Guaranteed loan subsidy budget authority:
233001Multifamily Development–45–75–48
233002221(d)(3) Cooperatives944
233003Tax Credit New Construction–31–34–29
233005Apartments Refinance–261–238–134
233006241 Supplemental Loans1
233008Housing Finance Authority Risk Sharing–2–3–2
233009GSE Risk Sharing–1–1
233010Health Care and Nursing Homes–3–3–8
233011Health Care Refinances–54–53–120
233012Hospitals–74–92–112
233013Other Rental–18–23–11
233017Title 1 Property Improvement–1–1
233018Title 1 Manufactured Housing–1–1–1
233999Total subsidy budget authority–480–520–461
Guaranteed loan subsidy outlays:
234001Multifamily Development–53–64–55
234002221(d)(3) Cooperatives934
234003Tax Credit New Construction–25–40–30
234005Apartments Refinance–246–221–160
234006241 Supplemental Loans11
234007Multifamily Operating Loss Loans1
234008Housing Finance Authority Risk Sharing–2–3–2
234009GSE Risk Sharing–1–1
234010Health Care and Nursing Homes–4–3–7
234011Health Care Refinances–60–48–103
234012Hospitals–41–108–107
234013Other Rental–18–20–14
234017Title 1 Property Improvement–1–1
234018Title 1 Manufactured Housing–1–1
234999Total subsidy outlays–440–505–476
Guaranteed loan upward reestimates:
235023GI/SRI Reestimates8633,024
235999Total upward reestimate budget authority8633,024
Guaranteed loan downward reestimates:
237023GI/SRI Reestimates–164–542
237999Total downward reestimate subsidy budget authority–164–542
Administrative expense data:
3580Outlays from balances36
FHA-general and Special Risk Guaranteed Loan Financing Account As required by the Federal Credit Reform Act of 1990, this non-budgetary account records all cash flows to and from the Government resulting from loan guarantees committed in 1992 and thereafter (including modifications of loan guarantees that resulted from commitments in any year) for FHA's General and Special Risk Insurance Fund programs. The amounts in this account are a means of financing and are not included in the budget totals. As required by the Federal Credit Reform Act of 1990, no administrative expenses can be recorded in the financing account.Program and Financing(in millions of dollars)Identification code 86–4077–0–3–3712010 actualCR2012 est.
Obligations by program activity:
0003Other capital investments and operating expenses212172118
0009Asset Sale Modification Savings (Liquidating)33
0014Contract Costs241111
0091Subtotal236186132
Credit program obligations:
0711Default claim payments on principal1,8292,4192,326
0712Default claim payments on interest13
0713Payment of interest to Treasury144125127
0740Negative subsidy obligations490524467
0741Modification savings1739
0742Downward reestimate paid to receipt account89240
0743Interest on downward reestimates75302
0791Direct program activities, subtotal2,6573,6492,920
0900Total new obligations2,8933,8353,052
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 16,8597,3209,344
1021Recoveries of prior year unpaid obligations8
1050Unobligated balance (total)6,8677,3209,344
Financing authority:
Appropriations, mandatory:
1200Appropriation7
Borrowing authority, mandatory:
1400Borrowing authority790800800
Spending authority from offsetting collections, mandatory:
1800Collected2,7405,2592,611
1801Change in uncollected payments, Federal sources–2
1825Spending authority from offsetting collections applied to repay debt–189–200–200
1850Spending auth from offsetting collections, mand (total)2,5495,0592,411
1900Financing authority(total)3,3465,8593,211
1930Total budgetary resources available10,21313,17912,555
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year7,3209,3449,503
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)255334425
3010Uncollected pymts, Fed sources, brought forward, Oct 1–2
3020Obligated balance, start of year (net)253334425
3030Obligations incurred, unexpired accounts2,8933,8353,052
3040Financing disbursements (gross)–2,806–3,744–3,111
3050Change in uncollected pymts, Fed sources, unexpired2
3080Recoveries of prior year unpaid obligations, unexpired–8
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)334425366
3091Uncollected pymts, Fed sources, end of year
3100Obligated balance, end of year (net)334425366
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross3,3465,8593,211
Financing disbursements:
4110Financing disbursements, gross2,8063,7443,111
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Subsidy reestimate from program account–863–3,024
4120Other payments from FHA Accounts–16–4–6
4122Interest on uninvested funds–412–366–467
4123Fees and premiums–753–800–919
4123Recoveries on defaulted mortgages–374–261–602
4123Title I recoveries–12–3–2
4123Single family property recoveries–258–589–410
4123Gross Proceeds from Mortgage Note Sales–212–188
4123Multifamily property recoveries–17
4123Non-Federal Resources-other–52
4130Offsets against gross financing auth and disbursements (total)–2,740–5,259–2,611
Additional offsets against financing authority only (total):
4140Change in uncollected pymts, Fed sources, unexpired2
4160Financing authority, net (mandatory)608600600
4170Financing disbursements, net (mandatory)66–1,515500
4180Financing authority, net (total)608600600
4190Financing disbursements, net (total)66–1,515500
Status of Guaranteed Loans(in millions of dollars)Identification code 86–4077–0–3–3712010 actualCR2012 est.
Position with respect to appropriations act limitation on commitments:
2111Limitation on guaranteed loans made by private lenders20,00020,00025,000
2142Uncommitted loan guarantee limitation–3,931
2150Total guaranteed loan commitments16,06920,00025,000
2199Guaranteed amount of guaranteed loan commitments15,86319,70122,671
Cumulative balance of guaranteed loans outstanding:
2210Outstanding, start of year123,914131,194140,373
2231Disbursements of new guaranteed loans18,44517,11323,956
2251Repayments and prepayments–9,323–5,515–6,936
Adjustments:
2261Terminations for default that result in loans receivable–975–1,379–1,355
2262Terminations for default that result in acquisition of property–622–613–472
2263Terminations for default that result in claim payments–245–427–499
2290Outstanding, end of year131,194140,373155,067
Memorandum:
2299Guaranteed amount of guaranteed loans outstanding, end of year128,429137,970152,146
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310Outstanding, start of year1,4591,7832,521
2331Disbursements for guaranteed loan claims9751,3791,355
2351Repayments of loans receivable–315–231–256
2361Write-offs of loans receivable–336–410–580
2390Outstanding, end of year1,7832,5213,040
Balance Sheet(in millions of dollars)Identification code 86–4077–0–3–3712009 actual2010 actual
ASSETS:
Federal assets:
1101Fund balances with Treasury7,1117,652
Investments in US securities:
1106Receivables, net3972,396
Non-Federal assets:
1201Investments in non-Federal securities, net132126
1206Receivables, net336
Net value of assets related to post-1991 acquired defaulted guaranteed loans receivable:
1501Defaulted guaranteed loans receivable, gross1,4591,783
1502Interest receivable418526
1504Foreclosed property312423
1505Allowance for subsidy cost–763–882
1599Net value of assets related to defaulted guaranteed loan1,4261,850
1901Other Federal assets: Other assets75
1999Total assets9,07612,065
LIABILITIES:
Federal liabilities:
2101Accounts payable Intragovernmental1,733546
2103Debt1,7702,358
Non-Federal liabilities:
2201Accounts payable57163
2203Debt13
2204Liabilities for loan guarantees5,4338,872
2207Other83113
2999Total liabilities9,07612,065
4999Total liabilities and net position9,07612,065
FHA-general and Special Risk Direct Loan Financing Account As required by the Federal Credit Reform Act of 1990, this non-budgetary account records all cash flows to and from the Government resulting from direct loans obligated in 1992 and thereafter (including loan modifications) for FHA's General Insurance and Special Risk Insurance Fund programs. The amounts in this account are a means of financing and are not included in the budget totals. As required by the Federal Credit Reform Act of 1990, no administrative expenses can be recorded in the financing account. Program and Financing(in millions of dollars)Identification code 86–4105–0–3–3712010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0710Direct loan obligations11
0900Total new obligations11
Budgetary Resources:
Financing authority:
Borrowing authority, mandatory:
1400Borrowing authority11
Spending authority from offsetting collections, mandatory:
1800Collected11
1825Spending authority from offsetting collections applied to repay debt–1–1
1850Spending auth from offsetting collections, mand (total)
1900Financing authority(total)11
1930Total budgetary resources available11
Change in obligated balance:
3030Obligations incurred, unexpired accounts11
3040Financing disbursements (gross)–1–1
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross11
Financing disbursements:
4110Financing disbursements, gross11
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4123Repayment of Principal–1–1
4160Financing authority, net (mandatory)
4170Financing disbursements, net (mandatory)
4180Financing authority, net (total)
4190Financing disbursements, net (total)
Status of Direct Loans(in millions of dollars)Identification code 86–4105–0–3–3712010 actualCR2012 est.
Position with respect to appropriations act limitation on obligations:
1111Limitation on direct loans2020
1142Unobligated direct loan limitation (-)–19–19
1150Total direct loan obligations11
FHA-loan Guarantee Recovery Fund Financing Account Section 4 of the Church Arson Prevention Act of 1996 (P.L. 104–155), entitled "Loan Guarantee Recovery Fund,'' authorizes the Secretary of Housing and Urban Development to guarantee loans made by financial institutions to assist certain non-profit organizations that were damaged as a result of acts of arson or terrorism. The most recent loan was made in 2007 and a default payment was made in 2009. Another default payment is scheduled to be made in the early period of fiscal year 2011. As required by the Federal Credit Reform Act of 1990, this non-budgetary account records all cash flows to and from the Government resulting from loan guarantees committed in 1992 and thereafter. The amounts in this account are a means of financing and are not included in the budget totals. As required by the Federal Credit Reform Act of 1990, no administrative expenses can be recorded in the financing account.Program and Financing(in millions of dollars)Identification code 86–4106–0–3–3712010 actualCR2012 est.
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1444
1930Total budgetary resources available444
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year444
Change in obligated balance:
Obligated balance, start of year (net):
3010Uncollected pymts, Fed sources, brought forward, Oct 1–1–1–1
Obligated balance, end of year (net):
3091Uncollected pymts, Fed sources, end of year–1–1–1
4180Financing authority, net (total)
4190Financing disbursements, net (total)
Status of Guaranteed Loans(in millions of dollars)Identification code 86–4106–0–3–3712010 actualCR2012 est.
Cumulative balance of guaranteed loans outstanding:
2210Outstanding, start of year576
2231Disbursements of new guaranteed loans211
2251Repayments and prepayments–2–2
2290Outstanding, end of year765
Memorandum:
2299Guaranteed amount of guaranteed loans outstanding, end of year765
Balance Sheet(in millions of dollars)Identification code 86–4106–0–3–3712009 actual2010 actual
ASSETS:
1101Federal assets: Fund balances with Treasury34
1999Total assets34
LIABILITIES:
2204Non-Federal liabilities: Liabilities for loan guarantees34
2999Total liabilities34
4999Total liabilities and net position34
FHA-general and Special Risk Insurance Funds Liquidating Account The General and Special Risk Insurance funds provide insurance for a large number of specialized mortgage insurance programs, including insurance of loans for property improvements, cooperatives, condominiums, nursing homes, rental housing and nonprofit hospitals. As required by the Federal Credit Reform Act of 1990, this account records, for this program, all cash flows to and from the Government resulting from loan guarantees committed and direct loans obligated prior to 1992. This account is shown on a cash basis. New insurance and direct loan activity in 1992 and thereafter in the GI/SRI programs are recorded in corresponding program (86–0200) and financing (86–4077 and 86–4105) accounts. Program and Financing(in millions of dollars)Identification code 86–4072–0–3–3712010 actualCR2012 est.
Obligations by program activity:
0101Interest on Debentures888
0102Assignment of mortgages21611
0104Mark-To-Market Restructures71523
0105Acquisition of real properties21
0110Capitalized Expenses232
0111Escrow Advances857573
0112Upfront Grants63
0113Other654
0900Total new obligations112129124
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1187215
1021Recoveries of prior year unpaid obligations3
1022Capital transfer of unobligated balances to general fund–187–215
1050Unobligated balance (total)3
Budget authority:
Appropriations, mandatory:
1200Appropriation1017130
1236Appropriations applied to repay debt–42
1260Appropriations, mandatory (total)1012930
Borrowing authority, mandatory:
1400Borrowing authority1010050
Spending authority from offsetting collections, mandatory:
1800Collected240123112
1820Capital transfer of spending authority from offsetting collections to general fund–65–18
1825Spending authority from offsetting collections applied to repay debt–27–58–50
1850Spending auth from offsetting collections, mand (total)21344
1900Budget authority (total)324129124
1930Total budgetary resources available327129124
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year215
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)470443426
3010Uncollected pymts, Fed sources, brought forward, Oct 1–1–1–1
3020Obligated balance, start of year (net)469442425
3030Obligations incurred, unexpired accounts112129124
3040Outlays (gross)–136–146–140
3080Recoveries of prior year unpaid obligations, unexpired–3
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)443426410
3091Uncollected pymts, Fed sources, end of year–1–1–1
3100Obligated balance, end of year (net)442425409
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross324129124
Outlays, gross:
4100Outlays from new mandatory authority136123117
4101Outlays from mandatory balances2323
4110Outlays, gross (total)136146140
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123Non-Federal sources–240–123–112
4160Budget authority, net (mandatory)84612
4170Outlays, net (mandatory)–1042328
4180Budget authority, net (total)84612
4190Outlays, net (total)–1042328
Memorandum (non-add) entries:
5000Total investments, SOY: Federal securities: Par value4
5001Total investments, EOY: Federal securities: Par value
Status of Guaranteed Loans(in millions of dollars)Identification code 86–4072–0–3–3712010 actualCR2012 est.
Cumulative balance of guaranteed loans outstanding:
2210Outstanding, start of year3,7493,0332,976
2251Repayments and prepayments–709–26–25
Adjustments:
2261Terminations for default that result in loans receivable–7–31–34
2262Terminations for default that result in acquisition of property
2290Outstanding, end of year3,0332,9762,917
Memorandum:
2299Guaranteed amount of guaranteed loans outstanding, end of year2,4272,3822,335
Addendum:
Cumulative balance of defaulted guaranteed loans that result in loans receivable:
2310Outstanding, start of year2,6952,6012,527
2331Disbursements for guaranteed loan claims73134
2351Repayments of loans receivable–100–104–101
2361Write-offs of loans receivable–1–1–1
2390Outstanding, end of year2,6012,5272,459
Balance Sheet(in millions of dollars)Identification code 86–4072–0–3–3712009 actual2010 actual
ASSETS:
Federal assets:
1101Fund balances with Treasury652658
Investments in US securities:
1102Treasury securities, par4
Non-Federal assets:
1201Investments in non-Federal securities, net33
1206Receivables, net48
1701Defaulted guaranteed loans, gross2,6952,601
1702Interest receivable208225
1703Allowance for estimated uncollectible loans and interest (-)–2,178–1,844
1704Defaulted guaranteed loans and interest receivable, net725982
1706Foreclosed property45
1799Value of assets related to loan guarantees729987
1999Total assets1,3921,656
LIABILITIES:
2101Federal liabilities: Federal Accounts payable3
Non-Federal liabilities:
2201Accounts payable197
2203Debt14
2204Liabilities for loan guarantees12243
2207Unearned revenue and advances180179
2999Total liabilities338229
NET POSITION:
3100Appropriated capital8398
3300Cumulative results of operations9711,329
3999Total net position1,0541,427
4999Total liabilities and net position1,3921,656
Object Classification(in millions of dollars)Identification code 86–4072–0–3–3712010 actualCR2012 est.
Direct obligations:
32.0Land and structures21
33.0Investments and loans109128124
44.0Repayments to financing account1
99.9Total new obligations112129124
Housing for the Elderly or Handicapped Fund Liquidating Account The Housing for the Elderly or Handicapped Loan Fund was established pursuant to section 202 of the Housing Act of 1959, as amended. The fund provided direct loans to non-profit organizations sponsoring the construction and management of rental housing for the elderly or non-elderly persons with disabilities. No new loan commitments were made after 1991; however, projects developed under it continue to operate. After April 1, 1992, all projects for which there were administrative reservations converted to the capital advance assistance program. Any remaining activity for the loan program includes amendments for projects reaching final endorsement.As required by the Federal Credit Reform Act of 1990, this account records all cash flows to and from the Government resulting from this program. Program and Financing(in millions of dollars)Identification code 86–4115–0–3–3712010 actualCR2012 est.
Obligations by program activity:
0102Loan Management, Liquidations and Property Dispositions388
0900Total new obligations (object class 32.0)388
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 12816
1022Capital transfer of unobligated balances to general fund–28–16
1050Unobligated balance (total)
Budget authority:
Spending authority from offsetting collections, mandatory:
1800Collected592650550
1820Capital transfer of spending authority from offsetting collections to general fund–573–642–542
1850Spending auth from offsetting collections, mand (total)1988
1930Total budgetary resources available1988
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year16
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)564
3030Obligations incurred, unexpired accounts388
3040Outlays (gross)–2–10–8
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)644
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross1988
Outlays, gross:
4100Outlays from new mandatory authority44
4101Outlays from mandatory balances264
4110Outlays, gross (total)2108
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4123Non-Federal sources–592–650–550
4160Budget authority, net (mandatory)–573–642–542
4170Outlays, net (mandatory)–590–640–542
4180Budget authority, net (total)–573–642–542
4190Outlays, net (total)–590–640–542
Status of Direct Loans(in millions of dollars)Identification code 86–4115–0–3–3712010 actualCR2012 est.
Cumulative balance of direct loans outstanding:
1210Outstanding, start of year3,5063,1882,788
1251Repayments: Repayments and prepayments–308–400–400
1264Write-offs for default: Other adjustments, net (+ or -)–10
1290Outstanding, end of year3,1882,7882,388
Balance Sheet(in millions of dollars)Identification code 86–4115–0–3–3712009 actual2010 actual
ASSETS:
1101Federal assets: Fund balances with Treasury3322
1206Non-Federal assets: Interest Receivable: Public3833
1601Direct loans, gross3,5063,188
1603Allowance for estimated uncollectible loans and interest (-)–13–13
1604Direct loans and interest receivable, net3,4933,175
1606Acquired Real Property13
1699Value of assets related to direct loans3,4943,178
1999Total assets3,5653,233
LIABILITIES:
2207Non-Federal liabilities: Other45
2999Total liabilities45
NET POSITION:
3100Unexpended Appropriations1412
3300Revolving Fund: Cumulative results of operations3,5473,216
3999Total net position3,5613,228
4999Total liabilities and net position3,5653,233
Manufactured Housing Fees Trust Fund The National Manufactured Housing Construction and Safety Standards Act of 1974, as amended, authorizes the development and enforcement of appropriate standards for the construction, design, and performance of manufactured homes to assure their quality, durability, affordability, and safety. All manufactured homes produced, since the standards took effect in 1976, must comply with Federal construction and safety standards. States are actively encouraged to participate in the program under compliance plans approved by HUD. New program requirements mandated by the Manufactured Housing Improvement Act of 2000 include procurement of an Administering Organization, formation of a Consensus Committee to recommend revisions to and interpretations of the manufactured housing standards, development and implementation of standards for installation of manufactured housing, and development and implementation of a dispute resolution program. Fees are charged to the manufacturers for each transportable section produced and may be charged to any dispute resolution and installation program participant. In prior years, this fee income was sufficient to fully support program operations. However, due to a substantial reduction in manufactured housing production rates in recent years, fee collections have been insufficient to maintain program requirements. The 2012 Budget proposes to fund the costs of authorized activities necessary to carry out all aspects of the manufactured housing legislation with approximately $7 million in estimated fees and a direct appropriation of $7 million. Special and Trust Fund Receipts(in millions of dollars)Identification code 86–8119–0–7–3762010 actualCR2012 est.
0100Balance, start of year
Receipts:
0240General Fund Payment, Manufactured Housing Fee Trust Fund997
0260Mobile Home Inspection and Monitoring Fees, Manufactured Housing Fee Trust Fund377
0299Total receipts and collections121614
0400Total: Balances and collections121614
Appropriations:
0500Manufactured Housing Fees Trust Fund–12–16–14
0799Balance, end of year
Program and Financing(in millions of dollars)Identification code 86–8119–0–7–3762010 actualCR2012 est.
Obligations by program activity:
0002Other program costs91614
0900Total new obligations (object class 25.2)91614
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1366
Budget authority:
Appropriations, discretionary:
1102Appropriation (trust fund)121614
1930Total budgetary resources available152220
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year666
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)2510
3030Obligations incurred, unexpired accounts91614
3040Outlays (gross)–6–11–17
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)5107
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross121614
Outlays, gross:
4010Outlays from new discretionary authority76
4011Outlays from discretionary balances6411
4020Outlays, gross (total)61117
4180Budget authority, net (total)121614
4190Outlays, net (total)61117
Government National Mortgage Association The Government National Mortgage Association (GNMA) was formed by Congress in 1968. It is a wholly owned government corporation within the U.S. Department of Housing and Urban Development (HUD). It was established to support Federal housing initiatives by providing liquidity to the secondary mortgage market and to attract capital from the global capital markets for the nation's mortgage markets. Its primary function is to guarantee the timely payment of principal and interest on Mortgage-Backed Securities (MBS) that are backed by loans insured or guaranteed by the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), Rural Development in the U.S. Department of Agriculture, and HUD's Office of Public and Indian Housing. Government National Mortgage Association Introduction Text Guarantees of Mortgage-backed Securities Loan Guarantee Program Account guarantees of mortgage-backed securities loan guarantee program accountNew commitments to issue guarantees to carry out the purposes of section 306 of the National Housing Act, as amended (12 U.S.C. 1721(g)), shall not exceed $500,000,000,000, to remain available until September 30, 2012 2013: Provided, That, $30,000,000 shall remain available until expended for personnel compensation and benefits, and other administrative expenses of the Government National Mortgage Association: Provided further, That, to the extent that guaranteed loan commitments will and do exceed $300,000,000,000, an additional $100 for personnel compensation and benefits, and administrative expenses shall be available until expended for each $1,000,000 in additional guaranteed loan commitments (including a pro rata amount for any amount below $1,000,000): Provided further, That receipts from Commitment and Multiclass fees collected pursuant to Title III of the National Housing Act, as amended, shall be credited as offsetting collections to this account. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The Budget requests loan commitment authority of $500 billion in 2012. The Budget also requests $30 million for the personnel costs of the Government National Mortgage Association (GNMA), to be funded by Commitment and Multiclass fees. Personnel expenses were previously funded in the "Office of Government National Mortgage Association" appropriation under the Management and Administration section of the HUD budget. This request would allow GNMA to increase its staff level to serve two purposes: to strengthen risk management and oversight, and to move in-house some functions performed by contractors. GNMA contractor expenses are funded in its liquidating account and this account will realize lower spending as a result of the movement to in-house services. All cash flows to and from the government are recorded in the financing account on a cash basis. The net present value of such estimated flows for the cohort of credit instruments guaranteed are deposited into the GNMA receipt account. Special and Trust Fund Receipts(in millions of dollars)Identification code 86–0186–0–1–3712010 actualCR2012 est.
0100Balance, start of year4,3735,3776,062
Adjustments:
0191Adjustment - Treasury reconciliation11
0199Balance, start of year4,3845,3776,062
Receipts:
0220GNMA-guarantees of Mortgage Backed Securities Guarantee Loans, Negative Subsidies1,004696528
0400Total: Balances and collections5,3886,0736,590
Appropriations:
0500Office of the Government National Mortgage Association Personnel Compensation and Benefits–11–11
0799Balance, end of year5,3776,0626,590
Program and Financing(in millions of dollars)Identification code 86–0186–0–1–3712010 actualCR2012 est.
Obligations by program activity:
Credit program obligations:
0707Reestimates of loan guarantee subsidy684
0708Interest on reestimates of loan guarantee subsidy36
0709Administrative expenses30
0900Total new obligations72030
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 11
1029Other balances withdrawn–1
1050Unobligated balance (total)
Budget authority:
Appropriations, mandatory:
1200Appropriation721
Spending authority from offsetting collections, discretionary:
1700Collected100
1725Spending authority from offsetting collections precluded from obligation (limitation on obligations)–70
1750Spending auth from offsetting collections, disc (total)30
1900Budget authority (total)72130
1930Total budgetary resources available72130
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year1
Change in obligated balance:
3030Obligations incurred, unexpired accounts72030
3040Outlays (gross)–721–27
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross30
Outlays, gross:
4010Outlays from new discretionary authority27
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4033Non-Federal sources–100
4070Budget authority, net (discretionary)–70
4080Outlays, net (discretionary)–73
Mandatory:
4090Budget authority, gross721
Outlays, gross:
4100Outlays from new mandatory authority721
4180Budget authority, net (total)721–70
4190Outlays, net (total)721–73
Memorandum (non-add) entries:
5091Unavailable balance, EOY: Offsetting collections70
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program(in millions of dollars)Identification code 86–0186–0–1–3712010 actualCR2012 est.
Guaranteed loan levels supportable by subsidy budget authority:
215001Guarantees of Mortgage-Backed Securities412,953290,000278,000
215999Total loan guarantee levels412,953290,000278,000
Guaranteed loan subsidy (in percent):
232001Guarantees of Mortgage-Backed Securities–0.24–0.24–0.19
232999Weighted average subsidy rate–0.24–0.24–0.19
Guaranteed loan subsidy budget authority:
233001Guarantees of Mortgage-Backed Securities–991–696–528
233999Total subsidy budget authority–991–696–528
Guaranteed loan subsidy outlays:
234001Guarantees of Mortgage-Backed Securities–991–696–528
234999Total subsidy outlays–991–696–528
Guaranteed loan upward reestimates:
235001Guarantees of Mortgage-Backed Securities721
235999Total upward reestimate budget authority721
Administrative expense data:
3510Budget authority30
3590Outlays from new authority27
Object Classification(in millions of dollars)Identification code 86–0186–0–1–3712010 actualCR2012 est.
Direct obligations:
11.1Personnel compensation: Full-time permanent24
12.1Civilian personnel benefits6
41.0Grants, subsidies, and contributions720
99.9Total new obligations72030
Employment SummaryIdentification code 86–0186–0–1–3712010 actualCR2012 est.
1001Direct civilian full-time equivalent employment249
Guarantees of Mortgage-backed Securities Financing Account This non-budgetary account records all cash flows to and from the Government resulting from the loan guarantees committed in 1992 and beyond (including modifications of loan guarantees that resulted from obligations in any year). The amounts in this account are a means of financing and are not included in the budget totals. No administrative expenses can be recorded in the financing account.Program and Financing(in millions of dollars)Identification code 86–4240–0–3–3712010 actualCR2012 est.
Obligations by program activity:
0003Advances and other6,7513,6553,655
0004Operating expenses90234208
0005Excess receipt account payment11
0091Subtotal - Advances and Operating Expenses6,8523,8893,863
0608Underreporting of credit subsidy2
Credit program obligations:
0740Negative subsidy obligations991696528
0900Total new obligations7,8454,5854,391
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1735952708
1010Unobligated balance transferred to other accounts–200–200
1011Unobligated balance transferred from other accounts6,000
1050Unobligated balance (total)6,735752508
Financing authority:
Spending authority from offsetting collections, mandatory:
1800Collected2,0644,5443,985
1801Change in uncollected payments, Federal sources–2–32
1850Spending auth from offsetting collections, mand (total)2,0624,5413,987
1930Total budgetary resources available8,7975,2934,495
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year952708104
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)137320359
3010Uncollected pymts, Fed sources, brought forward, Oct 1–5–3
3020Obligated balance, start of year (net)132317359
3030Obligations incurred, unexpired accounts7,8454,5854,391
3040Financing disbursements (gross)–7,662–4,546–4,121
3050Change in uncollected pymts, Fed sources, unexpired23–2
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)320359629
3091Uncollected pymts, Fed sources, end of year–3–2
3100Obligated balance, end of year (net)317359627
Financing authority and disbursements, net:
Mandatory:
4090Financing authority, gross2,0624,5413,987
Financing disbursements:
4110Financing disbursements, gross7,6624,5464,121
Offsets against gross financing authority and disbursements:
Offsetting collections (collected) from:
4120Federal sources–721
4122Interest on uninvested funds–45–63–75
4123Guarantee Fees–568–679–778
4123Commitment and other fees–78–79–76
4123Multiclass fees–63–57–50
4123Repayment of advances–1,197–2,513–2,566
4123Servicing Fees–94–96–98
4123Repayment on Mortgages–295–300
4123Other interest–19–41–42
4130Offsets against gross financing auth and disbursements (total)–2,064–4,544–3,985
Additional offsets against financing authority only (total):
4140Change in uncollected pymts, Fed sources, unexpired23–2
4160Financing authority, net (mandatory)
4170Financing disbursements, net (mandatory)5,5982136
4180Financing authority, net (total)
4190Financing disbursements, net (total)5,5982136
Status of Guaranteed Loans(in millions of dollars)Identification code 86–4240–0–3–3712010 actualCR2012 est.
Position with respect to appropriations act limitation on commitments:
2111Limitation on guaranteed loans made by private lenders500,000500,000500,000
2121Limitation available from carry-forward95,057182,104392,104
2142Uncommitted loan guarantee limitation–114,104
2143Uncommitted limitation carried forward–182,104–392,104–500,000
2150Total guaranteed loan commitments412,953290,000278,000
2199Guaranteed amount of guaranteed loan commitments412,953290,000278,000
Cumulative balance of guaranteed loans outstanding:
2210Outstanding, start of year826,0171,046,1791,236,750
2231Disbursements of new guaranteed loans412,953290,000278,000
2251Repayments and prepayments–192,791–99,429–191,849
2290Outstanding, end of year1,046,1791,236,7501,322,901
Memorandum:
2299Guaranteed amount of guaranteed loans outstanding, end of year1,046,1791,236,7501,322,901
Balance Sheet(in millions of dollars)Identification code 86–4240–0–3–3712009 actual2010 actual
ASSETS:
1101Federal assets: Fund balances with Treasury8681,270
1206Non-Federal assets: Receivables, net501,412
Net value of assets related to post-1991 direct loans receivable:
1401Direct loans receivable, gross2465,732
1405Allowance for subsidy cost (-)–100–340
1499Net present value of assets related to direct loans1465,392
1803Other Federal assets: Property, plant and equipment, net902
1999Total assets1,9668,074
LIABILITIES:
Non-Federal liabilities:
2201Accounts payable182206
2207Other9021,742
2999Total liabilities1,0841,948
NET POSITION:
3300Cumulative results of operations8826,126
3999Total net position8826,126
4999Total liabilities and net position1,9668,074
Guarantees of Mortgage-backed Securities Liquidating Account This liquidating account records, for this program, all cash flows to and from the Government resulting from MMI/CMHI loans insured prior to 1992 and is shown on a cash basis. All new activity in this program in 1992 and thereafter (including modifications of loans insured in any year) is recorded in the corresponding program and financing accounts.Program and Financing(in millions of dollars)Identification code 86–4238–0–3–3712010 actualCR2012 est.
Obligations by program activity:
0001Administrative contract expenses126198170
0003Servicing expenses364645
0091Direct program activities, subtotal162244215
0101Advances of guaranty payments11111
0900Total new obligations163255226
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 19,2133,5083,578
1010Unobligated balance transferred to other accounts–6,000
1011Unobligated balance transferred from other accounts200200
1050Unobligated balance (total)3,2133,7083,778
Budget authority:
Spending authority from offsetting collections, mandatory:
1800Collected479134179
1801Change in uncollected payments, Federal sources–21–9–8
1850Spending auth from offsetting collections, mand (total)458125171
1930Total budgetary resources available3,6713,8333,949
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year3,5083,5783,723
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)385653
3010Uncollected pymts, Fed sources, brought forward, Oct 1–41–20–11
3020Obligated balance, start of year (net)–33642
3030Obligations incurred, unexpired accounts163255226
3040Outlays (gross)–145–258–271
3050Change in uncollected pymts, Fed sources, unexpired2198
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)56538
3091Uncollected pymts, Fed sources, end of year–20–11–3
3100Obligated balance, end of year (net)36425
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross458125171
Outlays, gross:
4100Outlays from new mandatory authority145125171
4101Outlays from mandatory balances133100
4110Outlays, gross (total)145258271
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4121Interest on Federal securities–478–125–170
4123Non-Federal sources–1–9–9
4130Offsets against gross budget authority and outlays (total)–479–134–179
Additional offsets against gross budget authority only:
4140Change in uncollected pymts, Fed sources, unexpired2198
4160Budget authority, net (mandatory)
4170Outlays, net (mandatory)–33412492
4180Budget authority, net (total)
4190Outlays, net (total)–33412492
Memorandum (non-add) entries:
5000Total investments, SOY: Federal securities: Par value9,2573,5613,341
5001Total investments, EOY: Federal securities: Par value3,5613,3413,357
Status of Direct Loans(in millions of dollars)Identification code 86–4238–0–3–3712010 actualCR2012 est.
Cumulative balance of direct loans outstanding:
1210Outstanding, start of year1298
1232Disbursements: Purchase of loans assets from the public199
1252Repayments: Proceeds from loan asset sales to the public or discounted–1–9–9
1263Write-offs for default: Direct loans–3–1–4
1290Outstanding, end of year984
Status of Guaranteed Loans(in millions of dollars)Identification code 86–4238–0–3–3712010 actualCR2012 est.
Cumulative balance of guaranteed loans outstanding:
2210Outstanding, start of year2794
2251Repayments and prepayments–18–5–2
2290Outstanding, end of year942
Memorandum:
2299Guaranteed amount of guaranteed loans outstanding, end of year942
Balance Sheet(in millions of dollars)Identification code 86–4238–0–3–3712009 actual2010 actual
ASSETS:
Federal assets:
Investments in US securities:
1102Treasury securities, par9,2363,498
1106Receivables, net4120
1206Non-Federal assets: Receivables, net11
1601Direct loans, gross139
1603Allowance for estimated uncollectible loans and interest (-)–19–8
1699Value of assets related to direct loans–61
1901Other Federal assets: Other assets4089
1999Total assets9,3223,608
LIABILITIES:
Non-Federal liabilities:
2201Accounts payable3856
2207Other515515
2999Total liabilities553571
NET POSITION:
3300Cumulative results of operations8,7693,037
3999Total net position8,7693,037
4999Total liabilities and net position9,3223,608
Object Classification(in millions of dollars)Identification code 86–4238–0–3–3712010 actualCR2012 est.
Direct obligations:
25.2Other services from non-federal sources162244215
33.0Investments and loans11111
99.9Total new obligations163255226
Policy Development and Research research and technologyFor contracts, grants, and necessary expenses of programs of research and studies relating to housing and urban problems, not otherwise provided for, as authorized by title V of the Housing and Urban Development Act of 1970 (12 U.S.C. 1701z-1 et seq.), including carrying out the functions of the Secretary of Housing and Urban Development under section 1(a)(1)( i) of Reorganization Plan No. 2 of 1968, $87,000,000$57,000,000, to remain available until September 30, 20122013: Provided, That, with respect to amounts made available under this heading, notwithstanding section 204 of this title, the Secretary may enter into cooperative agreements funded with philanthropic entities, other federal agencies, or state or local governments and their agencies for research projects: Provided further, That, with respect to the previous proviso, such partners to the cooperative agreements must contribute substantial resources, as defined by the Secretary, toward the cost of the project. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The Budget requests $57 million for HUD's Research and Technology program. This request includes $48 million to restore and enhance various national housing surveys that are rich sources of data on the nation's housing stock, including the American Housing Survey, the Survey of New Home Sales and Completions, the Survey of Market Absorption of Multifamily Units, the Survey of New Manufactured Housing Placements, and the Multifamily Residential Housing Survey. Also included in the request is $7 million for research dissemination activities, $1.5 million to support the collection and validation of performance data and development of performance metrics in support of HUD's Strategic Plan, and $500 thousand for housing finance studies. Program staff will also conduct research as part of HUD's Transformation Initiative and other set-asides.The Housing and Urban Development Act of 1970 directs the Secretary to undertake programs of research, studies, testing, and demonstrations related to the HUD mission. These functions are carried out internally by Policy Development and Research staff and through contracts with industry, nonprofit research organizations, educational institutions, and through agreements with State and local governments and other Federal agencies.Program and Financing(in millions of dollars)Identification code 86–0108–0–1–4512010 actualCR2012 est.
Obligations by program activity:
0001Contracts, Grants and Cooperative Agreements494957
0002University Programs1
0003Housing Choice Voucher Admin Study1
0004Technology Related to Disaster Prone Areas Study2
0900Total new obligations534957
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 161
Budget authority:
Appropriations, discretionary:
1100Appropriation484857
1930Total budgetary resources available544957
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year1
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)796350
3030Obligations incurred, unexpired accounts534957
3040Outlays (gross)–69–62–71
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)635036
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross484857
Outlays, gross:
4010Outlays from new discretionary authority413542
4011Outlays from discretionary balances282729
4020Outlays, gross (total)696271
4180Budget authority, net (total)484857
4190Outlays, net (total)696271
Object Classification(in millions of dollars)Identification code 86–0108–0–1–4512010 actualCR2012 est.
Direct obligations:
25.2Other services from non-federal sources111012
25.3Other goods and services from federal sources403743
41.0Grants, subsidies, and contributions222
99.9Total new obligations534957
Fair Housing and Equal Opportunity fair housing activitiesFor contracts, grants, and other assistance, not otherwise provided for, as authorized by title VIII of the Civil Rights Act of 1968, as amended by the Fair Housing Amendments Act of 1988, and section 561 of the Housing and Community Development Act of 1987, as amended, $72,000,000, $61,100,000 to remain available until September 30, 20132012, of which $42,500,000$32,600,000 shall be to carry out activities pursuant to such section 561: Provided, That notwithstanding 31 U.S.C. 3302, the Secretary may assess and collect fees to cover the costs of the Fair Housing Training Academy, and may use such funds to provide such training: Provided further, That no funds made available under this heading shall be used to lobby the executive or legislative branches of the Federal Government in connection with a specific contract, grant or loan. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The Budget requests $72 million for fair housing activities to support efforts to end housing discrimination. Of the amount requested, $29.5 million is for the Fair Housing Assistance Program (FHAP) and $42.5 million is for the Fair Housing Initiatives Program (FHIP). Within this funding is $2 million for the National Fair Housing Training Academy (NFTHA), which provides comprehensive fair housing and civil rights training for investigators, local agencies, educators, attorneys, industry representatives and other housing industry professionals. FHAP, authorized by Title VIII of the Civil Rights Act of 1968, as amended, provides funding to State and local agencies to assure prompt and effective processing of Title VIII (Civil Rights Act of 1968) complaints under substantially equivalent State and local fair housing laws. To be eligible for assistance through FHAP, an agency must demonstrate that the fair housing law it administers is substantially equivalent to the Fair Housing Act. It is estimated that there will be a total of 100 FHAP jurisdictions in 2012. The funding requested for FHAP will support fair housing enforcement by funding State and local fair housing organizations to meet the needs of currently underserved populations. It will also address the persistently high rate of discrimination against minorities and people with disabilities as identified by HUD's 2000 Housing Discrimination Study and provide additional support to FHAP agencies on the heels of the State and local budget crisis.FHIP, authorized by the Housing and Community Development Act of 1987, as amended by the Housing and Community Development Act of 1992, provides funding to States and local governments, and to public and private non-profit organizations that administer programs to prevent or eliminate discriminatory housing practices through enforcement, education, and outreach. Program and Financing(in millions of dollars)Identification code 86–0144–0–1–7512010 actualCR2012 est.
Obligations by program activity:
0001Fair Housing Assistance252835
0002Fair Housing Initiatives254545
0003Fair Housing Initiatives TA11
0004Limited English Proficiency Program11
0900Total new obligations (object class 41.0)527580
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1234239
Budget authority:
Appropriations, discretionary:
1100Appropriation727272
1120Appropriations transferred to other accounts–1
1160Appropriation, discretionary (total)717272
1930Total budgetary resources available94114111
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year423931
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)484960
3030Obligations incurred, unexpired accounts527580
3040Outlays (gross)–51–64–71
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)496069
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross717272
Outlays, gross:
4010Outlays from new discretionary authority677
4011Outlays from discretionary balances455764
4020Outlays, gross (total)516471
4180Budget authority, net (total)717272
4190Outlays, net (total)516471
Office of Lead Hazard Control and Healthy Homes lead hazard reductionFor the Lead Hazard Reduction Program, as Authorized by section 1011 of the Residential Lead-Based Paint Hazard Reduction Act of 1992, $140,000,000, to remain available until September 30, 20122013, of which not less than $40,000,000 shall be for the Healthy Homes Initiative, pursuant to sections 501 and 502 of the Housing and Urban Development Act of 1970 that shall include research, studies, testing, and demonstration efforts, including education and outreach concerning lead-based paint poisoning and other housing-related diseases and hazards: Provided, That for purposes of environmental review, pursuant to the National Environmental Policy Act of 1969 (42 U.S.C. 4321 et seq.) and other provisions of the law that further the purposes of such Act, a grant under the Healthy Homes Initiative, Operation Lead Elimination Action Plan (LEAP), or the Lead Technical Studies program under this heading or under prior appropriations Acts for such purposes under this heading, shall be considered to be funds for a special project for purposes of section 305(c) of the Multifamily Housing Property Disposition Reform Act of 1994: Provided further, That amounts made available under this heading in this or prior appropriations Acts, and that still remain available, may be used for any purpose under this heading notwithstanding the purpose for which such amounts were appropriated if a program competition is undersubscribed and there are other program competitions under this heading that are oversubscribed. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.Title X of the Housing and Community Development Act of 1992 (Public Law 102–550), known as the Residential Lead-Based Paint Hazard Reduction Act, authorized the Secretary to establish the Lead-Based Paint Hazard Control Grant Program. The primary purpose of the program is to reduce the exposure of young children to lead-based paint and other environmental hazards in their homes, including protecting them from permanent developmental problems and asthma, and exposure to pesticides and carbon monoxide.The program is a major part of addressing the number one environmental disease impacting children: lead poisoning. The Budget includes $96 million for HUD's Lead Hazard Control Program, $40 million for the Healthy Homes Initiative, and $4 million for Technical Studies. The Budget also includes a provision that would allow the transfer of unobligated balances and recaptured funds from undersubscribed competitive programs to other competitive programs experiencing oversubscription. HUD will be requesting authorizing language granting the Secretary authority to carry out investigations, administer oaths, and subpoena documents related to lead hazard investigations.The Lead Hazard Control Grant Programs provides grants of $1 million to $4 million to State and local governments and Indian tribes for control of lead-based paint hazards in low-income rental and owner-occupied housing. The grants are also designed to stimulate the development of a housing maintenance and rehabilitation workforce trained in lead-safe work practices and a certified hazard evaluation and control industry. In awarding grants, HUD promotes the use of new, low-cost approaches to hazard control that can be replicated across the nation. Newly-established programmatic efficiency measures, such as mitigation cost estimates, will help HUD determine best practices and maximize resources.The Healthy Homes Initiative enables the Department to assess and control housing-related hazards that contribute to childhood diseases and injuries. With funding from this initiative, grantees implement and evaluate methods for controlling two or more housing-related diseases through a single intervention. The Office of Healthy Homes and Lead Hazard Control will continue its Technical Support program, which includes public education; support for State and local agencies, private property owners, HUD programs and field offices and professional organizations; technical studies to improve program policy and implementation; quality control to ensure that the evaluation and control of lead-based paint hazards is done properly in HUD-assisted housing; and development of standards, technical guidance, regulations and improved testing and hazard control methods. Program and Financing(in millions of dollars)Identification code 86–0174–0–1–4512010 actualCR2012 est.
Obligations by program activity:
0001Lead Hazard Reduction Grants666767
0002Lead Technical Studies544
0003Healthy Homes192020
0004Lead Hazard Reduction Demonstration484848
0900Total new obligations (object class 41.0)138139139
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1140142143
1021Recoveries of prior year unpaid obligations2
1050Unobligated balance (total)142142143
Budget authority:
Appropriations, discretionary:
1100Appropriation140140140
1120Appropriations transferred to other accounts–1
1160Appropriation, discretionary (total)139140140
1930Total budgetary resources available281282283
Memorandum (non-add) entries:
1940Unobligated balance expiring–1
1941Unexpired unobligated balance, end of year142143144
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)399348304
3030Obligations incurred, unexpired accounts138139139
3040Outlays (gross)–179–183–182
3080Recoveries of prior year unpaid obligations, unexpired–2
3081Recoveries of prior year unpaid obligations, expired–8
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)348304261
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross139140140
Outlays, gross:
4010Outlays from new discretionary authority33
4011Outlays from discretionary balances179180179
4020Outlays, gross (total)179183182
4180Budget authority, net (total)139140140
4190Outlays, net (total)179183182
Office of Sustainable Housing and Communities Sustainable Housing and Communities Initiative Sustainable Housing and Communities InitiativeFor a Sustainable Housing and Communities Initiative to improve regional planning efforts that integrate housing and transportation decisions, and increase the capacity to improve land use and zoning, $150,000,000, to remain available until September 30, 2014: Provided, That $100,000,000 of the funds made available under this heading shall be for Regional Integrated Planning Grants to support the linking of transportation and land use planning: Provided further, That not less than $25,000,000 of the funding made available in the previous proviso, shall be awarded to metropolitan areas of less than 500,000: Provided further, That $40,000,000 of the funds made available under this heading shall be for Community Challenge Planning Grants to foster reform and reduce barriers to achieve affordable, economically vital, and sustainable communities: Provided further, That the Secretary will consult with the Secretary of Transportation in evaluating grant proposals under this heading: Provided further, That up to $10,000,000 of the funds made available under this heading shall be for a joint Department of Housing and Urban Development and Department of Transportation research effort that shall include a rigorous evaluation of the Regional Integrated Planning Grants and Community Challenge Planning Grants programs, as well as to provide funding for a clearinghouse and capacity-building efforts: Provided further, That of the amount provided in the previous proviso, up to $5 million is available to develop an Energy Management and Tracking System to include a database of baseline energy consumption of public housing and other HUD-assisted or HUD-financed properties and a Green Capital Investment Analysis to enable HUD to model the short, medium and long-term costs and savings of selected energy efficiency and green building strategies.Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The 2012 Budget requests $150 million for the Sustainable Housing and Communities Initiative. This program was previously funded in the Community Development Fund in 2010 and 2011. In partnership with the Department of Transportation (DOT) and the Environmental Protection Agency (EPA), the Sustainable Communities Initiative aims to improve the quality of life for families by providing incentives to regions and communities to innovate and develop comprehensive housing and transportation plans that result in sustainable development, reduced greenhouse gases and increased transit-accessible housing. This initiative complements DOT's funding to strengthen state and local infrastructure capacity and EPA's technical assistance, as well as the Administration's 2012 proposal for surface transportation re-authorization. There are three components to this initiative: $100 million for the Regional Integrated Planning Grants, $40 million for the Community Challenge Planning Grants, and $10 million for research, evaluation, capacity building, and data collection and analysis. For 2012, a new component of the initiative provides up to $5 million to collect and analyze baseline energy consumption data in public housing and other HUD-assisted or HUD-financed housing to better set energy efficiency targets and strategies. Program and Financing(in millions of dollars)Identification code 86–0408–0–1–4522010 actualCR2012 est.
Obligations by program activity:
0001Regional Integrated Planning Grants100
0002Community Challenge Grants40
0003Research and Evaluation5
0004Energy Database5
0900Total new obligations150
Budgetary Resources:
Budget authority:
Appropriations, discretionary:
1100Appropriation150
1930Total budgetary resources available150
Change in obligated balance:
3030Obligations incurred, unexpired accounts150
3040Outlays (gross)–2
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)148
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross150
Outlays, gross:
4010Outlays from new discretionary authority2
4180Budget authority, net (total)150
4190Outlays, net (total)2
Object Classification(in millions of dollars)Identification code 86–0408–0–1–4522010 actualCR2012 est.
Direct obligations:
25.5Research and development contracts10
41.0Grants, subsidies, and contributions140
99.9Total new obligations150
Management and Administration Administration, Operations and Management administration, operations and managementFor necessary salaries and expenses for administration, operations and management for the Department of Housing and Urban Development, $538,552,000$530,117,000, of which not to exceed $65,049,000$65,863,000 shall be available for the personnel compensation and benefits of the Office of the Chief Human Capital Officer; not to exceed $9,122,000$9,149,000 shall be available for the personnel compensation and benefits of the Office of Departmental Operations and Coordination; not to exceed $49,090,000$47,678,000 shall be available for the personnel compensation and benefits of the Office of Field Policy and Management; not to exceed $13,861,000$15,705,000 shall be available for the personnel compensation and benefits of the Office of the Chief Procurement Officer; not to exceed $33,831,000 $34,758,000 shall be available for the personnel compensation and benefits of the remaining staff in the Office of the Chief Financial Officer; not to exceed $86,482,000$88,146,000 shall be available for the personnel compensation and benefits of the remaining staff in the Office of the General Counsel; not to exceed $3,115,000$3,204,000 shall be available for the personnel compensation and benefits of the Office of Departmental Equal Employment Opportunity; not to exceed $1,316,000$1,335,000 shall be available for the personnel compensation and benefits for the Center for Faith-Based and Community Initiatives; not to exceed $2,887,000 shall be available for the personnel compensation and benefits for the Office of Sustainable Housing and Communities; not to exceed $4,445,000$4,127,000 shall be available for the personnel compensation and benefits for the Office of Strategic Planning and Management; not to exceed $4,875,000 $5,152,000 shall be available for the personnel compensation and benefits for the Office of the Chief Disaster and Emergency Management OfficerDisaster and Emergency Management; and not to exceed $264,479,000$255,000,000 shall be available for non-personnel expenses of the Department of Housing and Urban Development: Provided, That, funds provided under this heading may be used for necessary administrative and non-administrative expenses of the Department of Housing and Urban Development, not otherwise provided for, including purchase of uniforms, or allowances therefor, as authorized by 5 U.S.C. 5901–5902; hire of passenger motor vehicles; services as authorized by 5 U.S.C. 3109: Provided further, That notwithstanding any other provision of law, funds appropriated under this heading may be used for advertising and promotional activities that support the housing mission area. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The Administration, Operations and Management (AOM) account was created by the Consolidated Appropriations Act, 2008. As the largest single administrative account, AOM funds many central Departmental functions, including the Office of the Chief Human Capital Officer, the Office of the Chief Financial Officer, the Office of the Chief Procurement Officer, the Office of Departmental Operations and Coordination, the Office of the General Counsel, the Office of Field Policy Management, the Office of Strategic Planning and Management, the Office of Departmental Equal Employment Opportunity, the Center for Faith-Based and Community Initiatives, and the Office of Disaster and Emergency Management. The AOM account also serves as the primary funding source for all non-personnel expenses, such as travel, overhead expenses (e.g., rent and utilities), contract services, and other functions. Program and Financing(in millions of dollars)Identification code 86–0335–0–1–9992010 actualCR2012 est.
Obligations by program activity:
0001Personnel costs200220204
0002Benefits706771
0003Non-personnel costs247250244
0004Recovery Act Non-personnel costs6134
0005Headquarters Redesign611
0900Total new obligations529550534
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 124174
1010Unobligated balance transferred to other accounts–1
1012Expired unobligated bal transferred to unexpired accts6
1050Unobligated balance (total)29174
Budget authority:
Appropriations, discretionary:
1100Appropriation537537530
1120Appropriations transferred to other accounts–4
1160Appropriation, discretionary (total)533537530
1930Total budgetary resources available562554534
Memorandum (non-add) entries:
1940Unobligated balance expiring–16
1941Unexpired unobligated balance, end of year174
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)10412897
3030Obligations incurred, unexpired accounts529550534
3031Obligations incurred, expired accounts7
3040Outlays (gross)–504–581–552
3081Recoveries of prior year unpaid obligations, expired–8
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1289779
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross533537530
Outlays, gross:
4010Outlays from new discretionary authority423458452
4011Outlays from discretionary balances81123100
4020Outlays, gross (total)504581552
4180Budget authority, net (total)533537530
4190Outlays, net (total)504581552
Object Classification(in millions of dollars)Identification code 86–0335–0–1–9992010 actualCR2012 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent193214197
11.3Other than full-time permanent424
11.5Other personnel compensation333
11.9Total personnel compensation200219204
12.1Civilian personnel benefits706871
21.0Travel and transportation of persons202019
23.1Rental payments to GSA101106112
23.3Communications, utilities, and miscellaneous charges272222
24.0Printing and reproduction443
25.2Other services from non-federal sources697970
25.3Other goods and services from federal sources1211
25.4Operation and maintenance of facilities91310
25.7Operation and maintenance of equipment566
26.0Supplies and materials443
31.0Equipment772
42.0Insurance claims and indemnities121
99.0Direct obligations529550534
99.9Total new obligations529550534
Employment SummaryIdentification code 86–0335–0–1–9992010 actualCR2012 est.
1001Direct civilian full-time equivalent employment2,0352,1442,000
Public and Indian Housing Personnel Compensation and Benefits Personnel Compensation and Benefitspublic and indian housingFor necessary personnel compensation and benefits expenses of the Office of Public and Indian Housing, $197,282,000$189,610,000. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.Program and Financing(in millions of dollars)Identification code 86–0337–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0001Personnel costs148158152
0002Benefits383938
0003Recovery Act Personnel costs232
0900Total new obligations188200192
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1752
1012Expired unobligated bal transferred to unexpired accts3
1050Unobligated balance (total)1052
Budget authority:
Appropriations, discretionary:
1100Appropriation197197190
1120Appropriations transferred to other accounts–6
1160Appropriation, discretionary (total)191197190
1930Total budgetary resources available201202192
Memorandum (non-add) entries:
1940Unobligated balance expiring–8
1941Unexpired unobligated balance, end of year52
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)10103
3030Obligations incurred, unexpired accounts188200192
3031Obligations incurred, expired accounts4
3040Outlays (gross)–186–207–192
3081Recoveries of prior year unpaid obligations, expired–6
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1033
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross191197190
Outlays, gross:
4010Outlays from new discretionary authority173195188
4011Outlays from discretionary balances13124
4020Outlays, gross (total)186207192
4180Budget authority, net (total)191197190
4190Outlays, net (total)186207192
Object Classification(in millions of dollars)Identification code 86–0337–0–1–6042010 actualCR2012 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent148158152
11.5Other personnel compensation222
11.9Total personnel compensation150160154
12.1Civilian personnel benefits384038
99.9Total new obligations188200192
Employment SummaryIdentification code 86–0337–0–1–6042010 actualCR2012 est.
1001Direct civilian full-time equivalent employment1,5241,5411,514
Community Planning and Development Personnel Compensation and Benefits community planning and developmentFor necessary personnel compensation and benefits expenses of the Office of Community Planning and Development mission area, $105,768,000$99,815,000. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.Program and Financing(in millions of dollars)Identification code 86–0338–0–1–4512010 actualCR2012 est.
Obligations by program activity:
0001Personnel costs788180
0002Benefits191820
0003Recovery Act Personnel costs248
0900Total new obligations99103108
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 115139
1012Expired unobligated bal transferred to unexpired accts1
1050Unobligated balance (total)16139
Budget authority:
Appropriations, discretionary:
1100Appropriation9999100
1930Total budgetary resources available115112109
Memorandum (non-add) entries:
1940Unobligated balance expiring–3
1941Unexpired unobligated balance, end of year1391
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)561
3030Obligations incurred, unexpired accounts99103108
3031Obligations incurred, expired accounts2
3040Outlays (gross)–99–107–108
3081Recoveries of prior year unpaid obligations, expired–1–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)611
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross9999100
Outlays, gross:
4010Outlays from new discretionary authority919899
4011Outlays from discretionary balances899
4020Outlays, gross (total)99107108
4180Budget authority, net (total)9999100
4190Outlays, net (total)99107108
Object Classification(in millions of dollars)Identification code 86–0338–0–1–4512010 actualCR2012 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent798387
11.5Other personnel compensation111
11.9Total personnel compensation808488
12.1Civilian personnel benefits191920
99.9Total new obligations99103108
Employment SummaryIdentification code 86–0338–0–1–4512010 actualCR2012 est.
1001Direct civilian full-time equivalent employment837802831
Housing Personnel Compensation and Benefits housingFor necessary personnel compensation and benefits expenses of the Office of Housing, $395,917,000$397,660,000. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.Program and Financing(in millions of dollars)Identification code 86–0334–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0001Personnel costs300304318
0002Benefits767180
0003Hope for Homeowners122
0900Total new obligations377377400
Budgetary Resources:
Unobligated balance:
1012Expired unobligated bal transferred to unexpired accts3
Budget authority:
Appropriations, discretionary:
1100Appropriation375375398
Spending authority from offsetting collections, discretionary:
1700Collected222
1900Budget authority (total)377377400
1930Total budgetary resources available380377400
Memorandum (non-add) entries:
1940Unobligated balance expiring–3
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)20214
3030Obligations incurred, unexpired accounts377377400
3031Obligations incurred, expired accounts6
3040Outlays (gross)–376–394–400
3081Recoveries of prior year unpaid obligations, expired–6
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)2144
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross377377400
Outlays, gross:
4010Outlays from new discretionary authority353373395
4011Outlays from discretionary balances23215
4020Outlays, gross (total)376394400
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–2–2–2
4070Budget authority, net (discretionary)375375398
4080Outlays, net (discretionary)374392398
4180Budget authority, net (total)375375398
4190Outlays, net (total)374392398
Object Classification(in millions of dollars)Identification code 86–0334–0–1–6042010 actualCR2012 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent299300315
11.5Other personnel compensation343
11.9Total personnel compensation302304318
12.1Civilian personnel benefits747180
99.0Direct obligations376375398
99.0Reimbursable obligations122
99.9Total new obligations377377400
Employment SummaryIdentification code 86–0334–0–1–6042010 actualCR2012 est.
1001Direct civilian full-time equivalent employment3,2063,2043,304
Office of the Government National Mortgage Association Personnel Compensation and Benefits office of the government national mortgage associationFor necessary personnel compensation and benefits expenses of the Office of the Government National Mortgage Association, $10,902,000, to be derived from the GNMA guarantees of mortgage backed securities guaranteed loan receipt account. The 2012 Budget does not request additional funds for personnel compensation and benefits of the Office of Government National Mortgage Association under this account. Instead, the Budget requests funding for personnel costs under the "Guarantees of Mortgage-backed Securities Loan Guarantee Program" account. This request to move to a self-funding model would allow GNMA to increase its staff level, to strengthen risk management and oversight, and to move in-house some functions performed by contractors. Program and Financing(in millions of dollars)Identification code 86–0336–0–1–3712010 actualCR2012 est.
Obligations by program activity:
0001Personnel costs89
0002Benefits22
0900Total new obligations1011
Budgetary Resources:
Unobligated balance:
1012Expired unobligated bal transferred to unexpired accts1
Budget authority:
Appropriations, discretionary:
1101Appropriation (special fund)1111
1930Total budgetary resources available1211
Memorandum (non-add) entries:
1940Unobligated balance expiring–2
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)11
3030Obligations incurred, unexpired accounts1011
3040Outlays (gross)–9–11–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)11
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross1111
Outlays, gross:
4010Outlays from new discretionary authority810
4011Outlays from discretionary balances111
4020Outlays, gross (total)9111
4180Budget authority, net (total)1111
4190Outlays, net (total)9111
Object Classification(in millions of dollars)Identification code 86–0336–0–1–3712010 actualCR2012 est.
Direct obligations:
11.1Personnel compensation: Full-time permanent89
12.1Civilian personnel benefits22
99.9Total new obligations1011
Employment SummaryIdentification code 86–0336–0–1–3712010 actualCR2012 est.
1001Direct civilian full-time equivalent employment6778
Policy Development and Research Personnel Compensation and Benefits policy development and researchFor necessary personnel compensation and benefits expenses of the Office of Policy Development and Research, $23,588,000$21,390,000. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.Program and Financing(in millions of dollars)Identification code 86–0339–0–1–4512010 actualCR2012 est.
Obligations by program activity:
0001Personnel costs141717
0002Benefits444
0900Total new obligations182121
Budgetary Resources:
Unobligated balance:
1012Expired unobligated bal transferred to unexpired accts1
Budget authority:
Appropriations, discretionary:
1100Appropriation212121
1120Appropriations transferred to other accounts–1
1160Appropriation, discretionary (total)202121
1930Total budgetary resources available212121
Memorandum (non-add) entries:
1940Unobligated balance expiring–3
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)11
3030Obligations incurred, unexpired accounts182121
3040Outlays (gross)–18–22–21
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)1
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross202121
Outlays, gross:
4010Outlays from new discretionary authority162121
4011Outlays from discretionary balances21
4020Outlays, gross (total)182221
4180Budget authority, net (total)202121
4190Outlays, net (total)182221
Object Classification(in millions of dollars)Identification code 86–0339–0–1–4512010 actualCR2012 est.
Direct obligations:
11.1Personnel compensation: Full-time permanent141717
12.1Civilian personnel benefits444
99.0Direct obligations182121
99.9Total new obligations182121
Employment SummaryIdentification code 86–0339–0–1–4512010 actualCR2012 est.
1001Direct civilian full-time equivalent employment134151157
Fair Housing and Equal Opportunity Personnel Compensation and Benefits fair housing and equal opportunityFor necessary personnel compensation and benefits expenses of the Office of Fair Housing and Equal Opportunity, $67,964,000$70,733,000. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.Program and Financing(in millions of dollars)Identification code 86–0340–0–1–7512010 actualCR2012 est.
Obligations by program activity:
0001Personnel costs545857
0002Benefits131414
0900Total new obligations677271
Budgetary Resources:
Unobligated balance:
1012Expired unobligated bal transferred to unexpired accts1
Budget authority:
Appropriations, discretionary:
1100Appropriation727271
1120Appropriations transferred to other accounts–3
1160Appropriation, discretionary (total)697271
1930Total budgetary resources available707271
Memorandum (non-add) entries:
1940Unobligated balance expiring–3
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)431
3030Obligations incurred, unexpired accounts677271
3031Obligations incurred, expired accounts1
3040Outlays (gross)–68–74–71
3081Recoveries of prior year unpaid obligations, expired–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)311
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross697271
Outlays, gross:
4010Outlays from new discretionary authority637170
4011Outlays from discretionary balances531
4020Outlays, gross (total)687471
4180Budget authority, net (total)697271
4190Outlays, net (total)687471
Object Classification(in millions of dollars)Identification code 86–0340–0–1–7512010 actualCR2012 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent535756
11.5Other personnel compensation111
11.9Total personnel compensation545857
12.1Civilian personnel benefits131414
99.9Total new obligations677271
Employment SummaryIdentification code 86–0340–0–1–7512010 actualCR2012 est.
1001Direct civilian full-time equivalent employment573602587
Office of Healthy Homes and Lead Hazard Control Personnel Compensation and Benefits office of healthy homes and lead hazard controlFor necessary personnel compensation and benefits expenses of the Office of Healthy Homes and Lead Hazard Control, $6,762,000$7,167,000. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.Program and Financing(in millions of dollars)Identification code 86–0341–0–1–4512010 actualCR2012 est.
Obligations by program activity:
0001Personnel costs666
0002Benefits111
0900Total new obligations777
Budgetary Resources:
Budget authority:
Appropriations, discretionary:
1100Appropriation777
1930Total budgetary resources available777
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)
3030Obligations incurred, unexpired accounts777
3040Outlays (gross)–7–7–7
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross777
Outlays, gross:
4010Outlays from new discretionary authority777
4180Budget authority, net (total)777
4190Outlays, net (total)777
Object Classification(in millions of dollars)Identification code 86–0341–0–1–4512010 actualCR2012 est.
Direct obligations:
11.1Personnel compensation: Full-time permanent666
12.1Civilian personnel benefits111
99.0Direct obligations777
99.9Total new obligations777
Employment SummaryIdentification code 86–0341–0–1–4512010 actualCR2012 est.
1001Direct civilian full-time equivalent employment605658
Office of Sustainable Housing and Communities Personnel Compensation and Benefits Office of Sustainable Housing and CommunitiesFor necessary personnel compensation and benefits expenses of the Office of Sustainable Housing and Communities, $3,100,000: Provided, That such office shall be established in the Office of the Secretary and shall be responsible for all sustainable housing and communities initiatives within the Department (including, but not limited to, research, grant management, policy development and capacity building of grantees and potential applicants and interagency coordination on livable communities and sustainable development).Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The 2012 Budget establishes an Office of Sustainable Housing and Communities (OSHC), within the Office of the Secretary. The Budget provides $3 million for OSHC for personnel and benefits to coordinate the Sustainable Communities Initiative, in close partnership with the Department of Transportation and the Environmental Protection Agency. In addition, OSHC will begin a multi-year effort to establish a system for tracking and analyzing energy use in public housing and other HUD-assisted or HUD-financed properties. OSHC will also be responsible for integrating sustainability principles throughout the Department and its programs. Program and Financing(in millions of dollars)Identification code 86–0409–0–1–4522010 actualCR2012 est.
Obligations by program activity:
0001Personnel costs3
0900Total new obligations (object class 11.1)3
Budgetary Resources:
Budget authority:
Appropriations, discretionary:
1100Appropriation3
1930Total budgetary resources available3
Change in obligated balance:
3030Obligations incurred, unexpired accounts3
3040Outlays (gross)–3
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross3
Outlays, gross:
4010Outlays from new discretionary authority3
4180Budget authority, net (total)3
4190Outlays, net (total)3
Employment SummaryIdentification code 86–0409–0–1–4522010 actualCR2012 est.
1001Direct civilian full-time equivalent employment24
Executive DirectionFor necessary salaries and expenses for Executive Direction, $30,265,000$30,408,000, which shall be made available for the offices within the Executive Direction account, which are listed as follows: the immediate Office of the Secretary and Deputy Secretary; the Office of Hearings and Appeals; the Office of Small and Disadvantaged Business Utilization; the immediate Office of the Chief Financial Officer; the immediate Office of the General Counsel; the Office of the Assistant Secretary for Congressional and Intergovernmental Relations; the Office of the Assistant Secretary for Public Affairs; the Office of the Assistant Secretary for Public and Indian Housing; the Office of the Assistant Secretary for Community Planning and Development; the Office of the Assistant Secretary for Housing, Federal Housing Commissioner; the Office of the Assistant Secretary for Policy Development and Research; the Office of the Assistant Secretary for Fair Housing and Equal Opportunity; and the Office of the Chief Operating Officer: Provided, That not to exceed $25,000 of the amount made available under this paragraph for the immediate Office of the Secretary shall be available for official reception and representation expenses as the Secretary may determine. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The Executive Direction account was created by the Consolidated Appropriations Act, 2008, and supports the salaries and expenses of various high-level management offices, including the immediate offices of the Secretary, Deputy Secretary, Chief Operating Officer, and Assistant Secretaries across the Department. The Budget proposes to restructure the Executive Direction account by removing the sub-function allocations to provide the Department with the flexibility needed to promptly respond to emerging issues or unanticipated needs as they arise throughout the year. The administrative burden and lack of flexibility afforded by the current sub-account structure outweighs the potential management benefits. The following table provides estimates of anticipated funding allocations by office: Office Name (amounts in thousands)2012 est.
|
Immediate Office of the Secretary and Deputy Secretary7,486
Office of Hearings and Appeals1,752
Office of Small and Disadvantaged Business Utilization741
Immediate Office of the Chief Financial Officer931
Immediate Office of the General Counsel1,399
Office of the Assistant Secretary for Congressional and Intergovernmental Relations2,695
Office of the Assistant Secretary for Public Affairs5,390
Office of the Assistant Secretary for Public and Indian Housing1,936
Office of the Assistant Secretary for Community Planning and Development2,026
Office of the Assistant Secretary for Housing, Federal Housing Commissioner3,500
Office of the Assistant Secretary for Policy Development and Research1,154
Office of the Assistant Secretary for Fair Housing and Equal Opportunity852
Office of the Chief Operating Officer546
|
Total30,408
Program and Financing(in millions of dollars)Identification code 86–0333–0–1–6042010 actualCR2012 est.
Obligations by program activity:
0001Personnel costs171922
0002Benefits455
0003Non-personnel costs233
0900Total new obligations232730
Budgetary Resources:
Unobligated balance:
1012Expired unobligated bal transferred to unexpired accts2
Budget authority:
Appropriations, discretionary:
1100Appropriation272730
1120Appropriations transferred to other accounts–1
1160Appropriation, discretionary (total)262730
1930Total budgetary resources available282730
Memorandum (non-add) entries:
1940Unobligated balance expiring–5
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)23
3030Obligations incurred, unexpired accounts232730
3040Outlays (gross)–22–30–30
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)3
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross262730
Outlays, gross:
4010Outlays from new discretionary authority182730
4011Outlays from discretionary balances43
4020Outlays, gross (total)223030
4180Budget authority, net (total)262730
4190Outlays, net (total)223030
Object Classification(in millions of dollars)Identification code 86–0333–0–1–6042010 actualCR2012 est.
Direct obligations:
11.1Personnel compensation: Full-time permanent171922
12.1Civilian personnel benefits455
21.0Travel and transportation of persons111
25.2Other services from non-federal sources122
99.9Total new obligations232730
Employment SummaryIdentification code 86–0333–0–1–6042010 actualCR2012 est.
1001Direct civilian full-time equivalent employment135156184
Beginning with the passage of the Consolidated Appropriations Act, 2008, this account no longer receives annual appropriations for Departmental administrative expenses. Instead, salary and expense funds are distributed across multiple accounts, achieving greater transparency and accountability within the Department. Resources in this account reflect prior-year appropriations, funds for disaster-related administrative expenses, and otherwise unexpended amounts.Program and Financing(in millions of dollars)Identification code 86–0143–0–1–9992010 actualCR2012 est.
Obligations by program activity:
0001Gulf States Disaster related activites11
0801DHAP reimbursable program activities93
0900Total new obligations941
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 112109
Budget authority:
Spending authority from offsetting collections, discretionary:
1700Collected123
1701Change in uncollected payments, Federal sources–5
1750Spending auth from offsetting collections, disc (total)73
1930Total budgetary resources available19139
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year1098
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)191111
3010Uncollected pymts, Fed sources, brought forward, Oct 1–5
3020Obligated balance, start of year (net)141111
3030Obligations incurred, unexpired accounts941
3031Obligations incurred, expired accounts2
3040Outlays (gross)–12–4–1
3050Change in uncollected pymts, Fed sources, unexpired5
3081Recoveries of prior year unpaid obligations, expired–7
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)111111
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross73
Outlays, gross:
4010Outlays from new discretionary authority3
4011Outlays from discretionary balances1211
4020Outlays, gross (total)1241
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources–12–3
Additional offsets against gross budget authority only:
4050Change in uncollected pymts, Fed sources, unexpired5
4070Budget authority, net (discretionary)
4080Outlays, net (discretionary)11
4180Budget authority, net (total)
4190Outlays, net (total)11
Object Classification(in millions of dollars)Identification code 86–0143–0–1–9992010 actualCR2012 est.
25.2Direct obligations: Other services from non-federal sources11
99.0Reimbursable obligations: reimbursable obligations93
99.9Total new obligations941
Office of Inspector General office of inspector generalFor necessary salaries and expenses of the Office of Inspector General in carrying out the Inspector General Act of 1978, as amended, $122,000,000$126,455,000. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The Office of the Inspector General (OIG) provides independent and objective reviews of the integrity, efficiency and effectiveness of Departmental programs and operations. The Budget includes $126.5 million to support agency-wide audit and investigative functions to identify and correct management and administrative deficiencies that create conditions for existing or potential instances of fraud, waste, and mismanagement. The audit function provides internal audit and contract audit. Internal audits review and evaluate all facets of agency operations. The investigative function provides for the detection and investigation of improper and illegal activities involving programs, personnel, and operations. Program and Financing(in millions of dollars)Identification code 86–0189–0–1–4512010 actualCR2012 est.
Obligations by program activity:
0001Direct program125125126
0002Gulf States Disaster related activites131
0003Recovery Act related activities144
0900Total new obligations127132131
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1211811
Budget authority:
Appropriations, discretionary:
1100Appropriation125125126
1930Total budgetary resources available146143137
Memorandum (non-add) entries:
1940Unobligated balance expiring–1
1941Unexpired unobligated balance, end of year18116
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)262121
3030Obligations incurred, unexpired accounts127132131
3031Obligations incurred, expired accounts2
3040Outlays (gross)–132–132–131
3081Recoveries of prior year unpaid obligations, expired–2
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)212121
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross125125126
Outlays, gross:
4010Outlays from new discretionary authority109104105
4011Outlays from discretionary balances232826
4020Outlays, gross (total)132132131
4180Budget authority, net (total)125125126
4190Outlays, net (total)132132131
Object Classification(in millions of dollars)Identification code 86–0189–0–1–4512010 actualCR2012 est.
Direct obligations:
Personnel compensation:
11.1Full-time permanent717676
11.5Other personnel compensation222
11.9Total personnel compensation737878
12.1Civilian personnel benefits232424
21.0Travel and transportation of persons655
23.1Rental payments to GSA779
25.2Other services from non-federal sources161613
26.0Supplies and materials111
31.0Equipment111
99.9Total new obligations127132131
Employment SummaryIdentification code 86–0189–0–1–4512010 actualCR2012 est.
1001Direct civilian full-time equivalent employment684680680
working capital fundFor additional capital for the Working Capital Fund (42 U.S.C. 3535) for the development of, modifications to, and maintenance of infrastructure for Department-wide and program-specific information technology systems, for the continuing operation and maintenance of both Department-wide and program-specific information systems, and for program-related maintenance activities, $243,500,000$243,000,000, to remain available until September 30, 20122013: Provided, That any amounts transferred to this Fund under this Act shall remain available until expended: Provided further, That any amounts transferred to this Fund from amounts appropriated by previously enacted appropriations Acts or from within this Act may be used only for the purposes specified under this Fund, in addition to the purposes for which such amounts were appropriated. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.The Working Capital Fund (WCF), authorized by the Department of Housing and Urban Development Act of 1965, provides funding for the development, operation and maintenance of information technology (IT) systems that support Departmental programs and operations, including FHA Mortgage Insurance, housing assistance, grant and disaster relief programs, as well as core financial and general operations. The Budget requests a direct appropriation of $243 million to maintain IT business operations, infrastructure, and personnel. An additional $72 million in program transfers will augment the direct appropriation to support program-specific IT systems. Program and Financing(in millions of dollars)Identification code 86–4586–0–4–4512010 actualCR2012 est.
Obligations by program activity:
0001Information Technology332262315
0002Recovery Act related activites12
0900Total new obligations333264315
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 111060
1011Unobligated balance transferred from other accounts1
1021Recoveries of prior year unpaid obligations144
1050Unobligated balance (total)112644
Budget authority:
Appropriations, discretionary:
1100Appropriation200200243
1121Appropriations transferred from other accounts8672
1160Appropriation, discretionary (total)286200315
Spending authority from offsetting collections, discretionary:
1700Collected–5
1900Budget authority (total)281200315
1930Total budgetary resources available393264319
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year604
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)21025790
3010Uncollected pymts, Fed sources, brought forward, Oct 1–2–2–2
3020Obligated balance, start of year (net)20825588
3030Obligations incurred, unexpired accounts333264315
3031Obligations incurred, expired accounts1
3040Outlays (gross)–285–427–301
3080Recoveries of prior year unpaid obligations, unexpired–1–4–4
3081Recoveries of prior year unpaid obligations, expired–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)25790100
3091Uncollected pymts, Fed sources, end of year–2–2–2
3100Obligated balance, end of year (net)2558898
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross281200315
Outlays, gross:
4010Outlays from new discretionary authority89150236
4011Outlays from discretionary balances19627765
4020Outlays, gross (total)285427301
Offsets against gross budget authority and outlays:
Offsetting collections (collected) from:
4030Federal sources5
4070Budget authority, net (discretionary)286200315
4080Outlays, net (discretionary)290427301
4180Budget authority, net (total)286200315
4190Outlays, net (total)290427301
Object Classification(in millions of dollars)Identification code 86–4586–0–4–4512010 actualCR2012 est.
Direct obligations:
11.1Personnel compensation: Full-time permanent313233
12.1Civilian personnel benefits777
25.2Other services from non-federal sources120141141
25.7Operation and maintenance of equipment17381131
31.0Equipment233
99.0Direct obligations333264315
99.9Total new obligations333264315
Employment SummaryIdentification code 86–4586–0–4–4512010 actualCR2012 est.
1001Direct civilian full-time equivalent employment293295300
Transformation Initiative transformation initiative(including transfer of funds)For necessary expenses for combating mortgage fraud, $20,000,000, to remain available until expended.In addition, ofOf the amounts made available in this Act under each of the following headings under this title, the Secretary may transfer to, and merge with, this account up to 10.5 percent from each such account, and such transferred amounts shall be available until September 30, 20142016, for (1) research, evaluation, and program metrics; (2) program demonstrations; and (3) technical assistance and capacity building; and (4) information technology: "Tenant-Based Rental Assistance", "Public Housing Capital Fund'', "Public Housing Operating Fund", "Choice Neighborhoods Initiative", "Indian Housing Loan Guarantee Fund Program Account", "Native American Housing Block Grants", "Native Hawaiian Housing Block Grants", "Sustainable Housing and Communities Initiatives", "Housing Opportunities for Persons With AIDS'', "Community Development Fund'', "HOME Investment Partnerships Program'', "Capacity Building", "Homeless Assistance Grants", "Project-Based Rental Assistance", "Housing for the Elderly'', "Housing for Persons With Disabilities'', "Housing Counseling Assistance'', "Payment to Manufactured Housing Fees Trust Fund'', "Mutual Mortgage Insurance Program Account'', "Lead Hazard Reduction'', "Rental Housing Assistance'', and "Fair Housing Activities'': Provided, That a total of not more than $120,000,000 may be transferred to this account by all such transfers: Provided further, That the Secretary shall fund each of the threefour general purposes specified above at not less than 10 percent, and not more than 50 70 percent, of the aggregate transferred amount: Provided further, That with respect to amounts made available under this heading for research, evaluation, program metrics, and program demonstrations, notwithstanding section 204 of this title, the Secretary may make grants or enter into cooperative agreements that include a substantial match contribution.In addition, of the amounts made available under any account in this title for salaries and expenses (except for the Office of Inspector General account), the Secretary may transfer to this account up to 1 percent of such amounts, to remain available until September 30, 2012. Note.—A full-year 2011 appropriation for this account was not enacted at the time the budget was prepared; therefore, this account is operating under a continuing resolution (P.L. 111–242, as amended). The amounts included for 2011 reflect the annualized level provided by the continuing resolution.Initiated in 2010, the Transformation Initiative (TI) is an ongoing effort aimed at increasing the effectiveness of program and service delivery, facilitating an evidence-based approach to improving program outcomes, and enabling innovative approaches to address the nations housing and urban development problems. By aggregating limited transfers from HUD's program accounts, the Department can continue this integrated and cross-cutting effort to improve program performance. The 2012 Budget proposes to limit TI transfers to a maximum of 0.5 percent per program and no more than $120 million in total. The Budget proposes to use these funds for three complimentary purposes: (1) research, evaluation and program metrics, (2) program demonstrations, and (3) technical assistance and capacity building. In 2012, HUD will also continue to invest in the modernization of information technology systems and execute planned projects with available resources, but no additional funding is requested for the TI Technology Initiative. The Research, Evaluation and Program Metrics Initiative provides a predictable stream of funding for high quality research and evaluation that will inform sound policymaking. The initiative supplements Research and Technology appropriations that are mainly dedicated to funding housing data, such as the American Housing Survey. This initiative funds program evaluation and research that is needed to ensure that program funds are spent effectively, as well as to develop appropriate metrics to track program performance between evaluations. The systemic and scientific approach enabled by the Research initiative will highlight those programs that are effective and those that require reform, so that timely modifications can occur. The Program Demonstrations Initiative enables HUD to design and execute a series of major research demonstrations that rigorously test new program innovations. Demonstrations can be used to explore fundamental questions about housing market dynamics and their impact on economic, social and environmental objectives. The demonstrations will improve programs, help State and local governments, non-profits, and for profit organizations to develop more effective strategies for housing and community and economic development, and improve the delivery and reduce the cost of public services. Technical Assistance set-asides are no longer requested in individual HUD program accounts; instead, these amounts have been consolidated within TI. Traditionally, HUD has delivered program-oriented technical assistance to ensure that HUD grantees are fully aware of the rules governing the disparate programs. While awareness of rules is necessary, effective responses to urban and housing challenges increasingly require coordination and awareness of diverse areas of knowledge: housing finance as well as land use, energy efficiency as well as healthy homes, community development as well as transportation planning, and accessibility as well as job creation. The Technical Assistance and Capacity Building Initiative enables HUD to develop enhanced and focused support to deliver cross-program technical assistance for States, local governments, and other HUD grantees for integrated management and planning across programs and jurisdictions. Providing cross-cutting knowledge with program requirements will produce results while avoiding fraud, waste and abuse. In addition, HUD will support the launch of an interagency effort led by HUD and the Department of Commerce's Economic Development Administration (EDA). The initiative will help chronically distressed communities to better employ the Federal investments they already receive, promote high-impact strategies, and build the local capacity needed to execute those strategies. TI funds will be provided for technical assistance associated with this initiative and a National Resource Bank, a one-stop shop of experts that communities can draw upon for a full range of services, including fiscal reforms, re-purposing land use, and business cluster and job market analysis.The following table illustrates the maximum possible transfers from HUD's programs into the Transformation Initiative account in 2012; it does not represent actual transfers. 20102012
Program Name (amounts in thousands)Treasury AccountActualMaximum Transfer
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Brownfields Redevelopment86–03141750
Capacity Building86–04050250
Choice Neighborhoods86–034901,250
Community Development Fund86–016244,50018,907
Energy Innovation Fund86–04015000
Fair Housing Activities86–0144720360
HOME Investment Partnerships Program86–020518,2508,250
Homeless Assistance Grants86–019212,65011,860
Housing Counseling Assistance86–0156875440
Housing for Persons with Disabilities86–02373,000980
Housing for the Elderly86–03208,2503,785
Housing Opportunities for Persons with AIDS86–03083,3501,675
Indian Housing Loan Guarantee Fund86–022304
Lead Hazard Reduction86–01741,400700
Mutual Mortgage Insurance Program Account86–01831,181790
Native American Housing Block Grants86–031303,500
Native Hawaiian Housing Block Grants86–0235050
Payment to the Manufactured Housing Fees Trust Fund86–02349035
Project-Based Rental Assistance86–0303047,145
Public Housing Capital Fund86–030425,00012,027
Public Housing Operating Fund86–016315,00019,809
Rental Housing Assistance (Section 236)86–020640079
Revitalization of Severely Distressed Public Housing (HOPE VI)86–02182,0000
Self-Help and Assisted Homeownership Opportunity Program86–01768200
Sustainable Housing and Communities Initiatives86–04080750
Tenant-Based Rental Assistance86–0302100,00096,113
Maximum Transfer Total238,161120,0001
1Amount represents the statutory limitation on transfers to this account, which is less than the total of each eligible program transfer of 0.5 percent.
Program and Financing(in millions of dollars)Identification code 86–0402–0–1–4512010 actualCR2012 est.
Obligations by program activity:
0001TI Research and Demonstrations102616
0002TI Technical Assistance and Capacity Building31926
0003TI Information Technology205563
0004Combat Mortgage Fraud2020
0900Total new obligations33120125
Budgetary Resources:
Unobligated balance:
1000Unobligated balance brought forward, Oct 1225125
Budget authority:
Appropriations, discretionary:
1100Appropriation2020
1121Appropriations transferred from other accounts238
1160Appropriation, discretionary (total)25820
1930Total budgetary resources available258245125
Memorandum (non-add) entries:
1941Unexpired unobligated balance, end of year225125
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)33109
3030Obligations incurred, unexpired accounts33120125
3040Outlays (gross)–44–68
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)33109166
Budget authority and outlays, net:
Discretionary:
4000Budget authority, gross25820
Outlays, gross:
4011Outlays from discretionary balances4468
4180Budget authority, net (total)25820
4190Outlays, net (total)4468
Object Classification(in millions of dollars)Identification code 86–0402–0–1–4512010 actualCR2012 est.
Direct obligations:
25.2Other services from non-federal sources3310798
41.0Grants, subsidies, and contributions1327
99.0Direct obligations33120125
99.9Total new obligations33120125
The Secretary of Housing and Urban Development (HUD) is authorized to accept, hold, administer, and utilize gifts and bequests of property, both real and personal, for the purpose of aiding or facilitating the work of the Department (42 U.S.C. 3535(k)). Property and the proceeds are used in accordance with the terms of the gift and bequest.The amounts provided in 2011 will be used to support an interagency effort led by HUD and the Department of Commerce's Economic Development Administration (EDA) to help chronically distressed communities to better employ the Federal investments they already receive, promote high-impact strategies, and build the local capacity needed to execute those strategies. These amounts will more specifically help the development and funding of two-year fellowship grants that will attract early and midcareer professionals with technical expertise in such fields as urban planning and economic development, infrastructure redevelopment, and workforce training to provide technical support for this effort. Special and Trust Fund Receipts(in millions of dollars)Identification code 86–8093–0–7–4512010 actualCR2012 est.
0100Balance, start of year
Receipts:
0220Gifts and Bequests, HUD3
0400Total: Balances and collections3
Appropriations:
0500Gifts and Bequests–3
0799Balance, end of year
Program and Financing(in millions of dollars)Identification code 86–8093–0–7–4512010 actualCR2012 est.
Obligations by program activity:
0001Gifts and bequests3
0900Total new obligations (object class 25.1)3
Budgetary Resources:
Budget authority:
Appropriations, mandatory:
1202Appropriation (trust fund)3
1930Total budgetary resources available3
Change in obligated balance:
Obligated balance, start of year (net):
3000Unpaid obligations, brought forward, Oct 1 (gross)2
3030Obligations incurred, unexpired accounts3
3040Outlays (gross)–1–1
Obligated balance, end of year (net):
3090Unpaid obligations, end of year (gross)21
Budget authority and outlays, net:
Mandatory:
4090Budget authority, gross3
Outlays, gross:
4100Outlays from new mandatory authority1
4101Outlays from mandatory balances1
4110Outlays, gross (total)11
4180Budget authority, net (total)3
4190Outlays, net (total)11
GENERAL FUND RECEIPT ACCOUNTS (in millions of dollars)2010 actualCR2012 est.
Offsetting receipts from the public:
86–271910FHA-general and Special Risk, Negative Subsidies455509481
86–271930FHA-general and Special Risk, Downward Reestimates of Subsidies164542
86–274330Indian Housing Loan Guarantees, Downward Reestimates of Subsidies84
86–276230Title VI Indian Loan Guarantee Downward Reestimate33
86–277330Community Development Loan Guarantees, Downward Reestimates1714
86–322000All Other General Fund Proprietary Receipts Including Budget Clearing Accounts551818
General Fund Offsetting receipts from the public7021,090499
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Intragovernmental payments:
86–388510Undistributed Intragovernmental Payments1977
General Fund Intragovernmental payments1977
GENERAL PROVISIONS—DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (including cancellation of funds)201 Fifty percent of the amounts of budget authority, or in lieu thereof 50 percent of the cash amounts associated with such budget authority, that are recaptured from projects described in section 1012(a) of the Stewart B. McKinney Homeless Assistance Amendments Act of 1988 (42 U.S.C. 1437 note) shall be cancelled or in the case of cash, shall be remitted to the Treasury, and such amounts of budget authority or cash recaptured and not cancelled or remitted to the Treasury shall be used by State housing finance agencies or local governments or local housing agencies with projects approved by the Secretary of Housing and Urban Development for which settlement occurred after January 1, 1992, in accordance with such section. Notwithstanding the previous sentence, the Secretary may award up to 15 percent of the budget authority or cash recaptured and not cancelled or remitted to the Treasury to provide project owners with incentives to refinance their project at a lower interest rate.202 None of the amounts made available under this Act may be used during fiscal year 20112012 to investigate or prosecute under the Fair Housing Act any otherwise lawful activity engaged in by one or more persons, including the filing or maintaining of a non-frivolous legal action, that is engaged in solely for the purpose of achieving or preventing action by a Government official or entity, or a court of competent jurisdiction.203a Notwithstanding section 854(c)(1)(A) of the AIDS Housing Opportunity Act (42 U.S.C. 12903(c)(1)(A)), from any amounts made available under this title for fiscal year 20112012 that are allocated under such section, the Secretary of Housing and Urban Development shall allocate and make a grant, in the amount determined under subsection (b), for any State that—1 received an allocation in a prior fiscal year under clause (ii) of such section; and2 is not otherwise eligible for an allocation for fiscal year 20112012 under such clause (ii) because the areas in the State outside of the metropolitan statistical areas that qualify under clause (i) in fiscal year 20112012 do not have the number of cases of acquired immunodeficiency syndrome (AIDS) required under such clause.b The amount of the allocation and grant for any State described in subsection (a) shall be an amount based on the cumulative number of AIDS cases in the areas of that State that are outside of metropolitan statistical areas that qualify under clause (i) of such section 854(c)(1)(A) in fiscal year 20112012, in proportion to AIDS cases among cities and States that qualify under clauses (i) and (ii) of such section and States deemed eligible under subsection (a).c Notwithstanding any other provision of law, the amount allocated for fiscal year 20112012 under section 854(c) of the AIDS Housing Opportunity Act (42 U.S.C. 12903(c)), to the City of New York, New York, on behalf of the New York-Wayne-White Plains, New York-New Jersey Metropolitan Division (hereafter "metropolitan division'') of the New York-Newark-Edison, NY-NJ-PA Metropolitan Statistical Area, shall be adjusted by the Secretary of Housing and Urban Development by: (1) allocating to the City of Jersey City, New Jersey, the proportion of the metropolitan area's or division's amount that is based on the number of cases of AIDS reported in the portion of the metropolitan area or division that is located in Hudson County, New Jersey, and adjusting for the proportion of the metropolitan division's high incidence bonus if this area in New Jersey also has a higher than average per capita incidence of AIDS; and (2) allocating to the City of Paterson, New Jersey, the proportion of the metropolitan area's or division's amount that is based on the number of cases of AIDS reported in the portion of the metropolitan area or division that is located in Bergen County and Passaic County, New Jersey, and adjusting for the proportion of the metropolitan division's high incidence bonus if this area in New Jersey also has a higher than average per capita incidence of AIDS. The recipient cities shall use amounts allocated under this subsection to carry out eligible activities under section 855 of the AIDS Housing Opportunity Act (42 U.S.C. 12904) in their respective portions of the metropolitan division that is located in New Jersey.d Notwithstanding any other provision of law, the amount allocated for fiscal year 20112012 under section 854(c) of the AIDS Housing Opportunity Act (42 U.S.C. 12903(c)) to areas with a higher than average per capita incidence of AIDS, shall be adjusted by the Secretary on the basis of area incidence reported over a 3-year period.204 Except as explicitly provided in law, any grant, cooperative agreement or other assistance made pursuant to title II of this Act shall be made on a competitive basis and in accordance with section 102 of the Department of Housing and Urban Development Reform Act of 1989 (42 U.S.C. 3545). 205 Funds of the Department of Housing and Urban Development subject to the Government Corporation Control Act or section 402 of the Housing Act of 1950 shall be available, without regard to the limitations on administrative expenses, for legal services on a contract or fee basis, and for utilizing and making payment for services and facilities of the Federal National Mortgage Association, Government National Mortgage Association, Federal Home Loan Mortgage Corporation, Federal Financing Bank, Federal Reserve banks or any member thereof, Federal Home Loan banks, and any insured bank within the meaning of the Federal Deposit Insurance Corporation Act, as amended (12 U.S.C. 1811–1).206 Corporations and agencies of the Department of Housing and Urban Development which are subject to the Government Corporation Control Act, are hereby authorized to make such expenditures, within the limits of funds and borrowing authority available to each such corporation or agency and in accordance with law, and to make such contracts and commitments without regard to fiscal year limitations as provided by section 104 of such Act as may be necessary in carrying out the programs set forth in the budget for 20112012 for such corporation or agency except as hereinafter provided: Provided, That collections of these corporations and agencies may be used for new loan or mortgage purchase commitments only to the extent expressly provided for in this Act (unless such loans are in support of other forms of assistance provided for in this or prior appropriations Acts), except that this proviso shall not apply to the mortgage insurance or guaranty operations of these corporations, or where loans or mortgage purchases are necessary to protect the financial interest of the United States Government.207a Notwithstanding any other provision of law, the amount allocated for fiscal year 20112012 under section 854(c) of the AIDS Housing Opportunity Act (42 U.S.C. 12903(c)), to the City of Wilmington, Delaware, on behalf of the Wilmington, Delaware-Maryland-New Jersey Metropolitan Division (hereafter "metropolitan division''), shall be adjusted by the Secretary of Housing and Urban Development by allocating to the State of New Jersey the proportion of the metropolitan division's amount that is based on the number of cases of AIDS reported in the portion of the metropolitan division that is located in New Jersey, and adjusting for the proportion of the metropolitan division's high incidence bonus if this area in New Jersey also has a higher than average per capita incidence of AIDS. The State of New Jersey shall use amounts allocated to the State under this subsection to carry out eligible activities under section 855 of the AIDS Housing Opportunity Act (42 U.S.C. 12904) in the portion of the metropolitan division that is located in New Jersey.b Notwithstanding any other provision of law, the Secretary of Housing and Urban Development shall allocate to Wake County, North Carolina, the amounts that otherwise would be allocated for fiscal year 20112012 under section 854(c) of the AIDS Housing Opportunity Act (42 U.S.C. 12903(c)) to the City of Raleigh, North Carolina, on behalf of the Raleigh-Cary, North Carolina Metropolitan Statistical Area. Any amounts allocated to Wake County shall be used to carry out eligible activities under section 855 of such Act (42 U.S.C. 12904) within such metropolitan statistical area.c Notwithstanding section 854(c) of the AIDS Housing Opportunity Act (42 U.S.C. 12903(c)), the Secretary of Housing and Urban Development may adjust the allocation of the amounts that otherwise would be allocated for fiscal year 20112012 under section 854(c) of such Act, upon the written request of an applicant, in conjunction with the State(s), for a formula allocation on behalf of a metropolitan statistical area, to designate the State or States in which the metropolitan statistical area is located as the eligible grantee(s) of the allocation. In the case that a metropolitan statistical area involves more than one State, such amounts allocated to each State shall be in proportion to the number of cases of AIDS reported in the portion of the metropolitan statistical area located in that State. Any amounts allocated to a State under this section shall be used to carry out eligible activities within the portion of the metropolitan statistical area located in that State.208 A public housing agency or such other entity that administers Federal housing assistance for the Housing Authority of the county of Los Angeles, California, the States of Alaska, Iowa, and Mississippi shall not be required to include a resident of public housing or a recipient of assistance provided under section 8 of the United States Housing Act of 1937 on the board of directors or a similar governing board of such agency or entity as required under section (2)(b) of such Act. Each public housing agency or other entity that administers Federal housing assistance under section 8 for the Housing Authority of the county of Los Angeles, California and the States of Alaska, Iowa and Mississippi that chooses not to include a resident of Public Housing or a recipient of section 8 assistance on the board of directors or a similar governing board shall establish an advisory board of not less than six residents of public housing or recipients of section 8 assistance to provide advice and comment to the public housing agency or other administering entity on issues related to public housing and section 8. Such advisory board shall meet not less than quarterly.209a Notwithstanding any other provision of law, subject to the conditions listed in subsection (b), for fiscal years 20112012 and 20122013, the Secretary of Housing and Urban Development may authorize the transfer of some or all project-based assistance, debt and statutorily required low-income and very low-income use restrictions, associated with one or more multifamily housing project to another multifamily housing project or projects.bPhased transfers-Transfers of project-based assistance under this section may be done in phases to accommodate the financing and other requirements related to rehabilitating or constructing the project or projects to which the assistance is transferred to ensure that such project or projects meet the standards under section c.bc The transfer authorized in subsection (a) is subject to the following conditions:1 The number of low-income and very low-income units and the net dollar amount of Federal assistance provided by the transferring project shall remain the same in the receiving project or projects.Number and bedroom size of units-AFor occupied units in the transferring project: the number of low-income and very low-income units and the configuration (i.e. bedroom size) of the receiving project or projects shall be no less than provided by the transferring project or projects. BFor unoccupied units in the transferring project: the Secretary may authorize a reduction in the number of dwelling units in the receiving project or projects to allow for a reconfiguration of bedroom sizes to meet current market demands, as determined by the Secretary.2The net dollar amount of Federal assistance provided to the transfering project shall remain the same as the receiving project or projects. 23 The transferring project shall, as determined by the Secretary, be either physically obsolete or economically non-viable.34 The receiving project or projects shall meet or exceed applicable physical standards established by the Secretary.45 The owner or mortgagor of the transferring project shall notify and consult with the tenants residing in the transferring project and provide a certification of approval by all appropriate local governmental officials.56 The tenants of the transferring project who remain eligible for assistance to be provided by the receiving project or projects shall not be required to vacate their units in the transferring project or projects until new units in the receiving project are available for occupancy.67 The Secretary determines that this transfer is in the best interest of the tenants.78 If either the transferring project or the receiving project or projects meets the condition specified in subsection (cd)(2)(A), any lien on the receiving project resulting from additional financing obtained by the owner shall be subordinate to any FHA-insured mortgage lien transferred to, or placed on, such project by the Secretary, except that the Secretary may waive this requirement upon determination that such a waiver is necessary to facilitate the financing of acquisition, construction and/or rehabilitation of the receiving project or projects.89 If the transferring project meets the requirements of subsection (cd)(2)(E), the owner or mortgagor of the receiving project or projects shall execute and record either a continuation of the existing use agreement or a new use agreement for the project where, in either case, any use restrictions in such agreement are of no lesser duration than the existing use restrictions.9 Any financial risk to the FHA General and Special Risk Insurance Fund, as determined by the Secretary, would be reduced as a result of a transfer completed under this section.10 The Secretary determines that Federal liability with regard to this project will not be increased.10The transfer does not increase the cost, as defined in section 502 of the Congressional Budget Act of 1974, as amended, of any FHA-insured mortgage or appropriations for any such cost are provided in advance.cd For purposes of this section—1 the terms "low-income'' and "very low-income'' shall have the meanings provided by the statute and/or regulations governing the program under which the project is insured or assisted;2 the term "multifamily housing project'' means housing that meets one of the following conditions—A housing that is subject to a mortgage insured under the National Housing Act;B housing that has project-based assistance attached to the structure including projects undergoing mark to market debt restructuring under the Multifamily Assisted Housing Reform and Affordability Housing Act;C housing that is assisted under section 202 of the Housing Act of 1959 as amended by section 801 of the Cranston-Gonzales National Affordable Housing Act;D housing that is assisted under section 202 of the Housing Act of 1959, as such section existed before the enactment of the Cranston-Gonzales National Affordable Housing Act; orE housing that is assisted under section 811 of the Cranston-Gonzales National Affordable Housing Act; orEF housing or vacant land that is subject to a use agreement;3 the term "project-based assistance'' means—A assistance provided under section 8(b) of the United States Housing Act of 1937;B assistance for housing constructed or substantially rehabilitated pursuant to assistance provided under section 8(b)(2) of such Act (as such section existed immediately before October 1, 1983);C rent supplement payments under section 101 of the Housing and Urban Development Act of 1965;D interest reduction payments under section 236 and/or additional assistance payments under section 236(f)(2) of the National Housing Act; andE assistance payments made under section 202(c)(2) of the Housing Act of 1959; andF assistance payments made under section 811(d)(2) of the Cranston-Gonzales National Affordable Housing Act;4 the term "receiving project or projects'' means the multifamily housing project or projects to which some or all of the project-based assistance, debt, and statutorily required use low-income and very low-income use restrictions are to be transferred;5 the term "transferring project'' means the multifamily housing project which is transferring some or all of the project-based assistance, debt and the statutorily required low-income and very low-income use restrictions to the receiving project or projects; and6 the term "Secretary'' means the Secretary of Housing and Urban Development.eThe Secretary shall publish by notice in the Federal Register the terms and conditions, including criteria for HUD approval, of transfers pursuant to this section no later than 30 days before the effective date of such notice. 210 Section 255(g) of the National Housing Act (12 U.S.C. 1715z-20) is amended by striking the first sentence beginning with "The aggregate number of mortgages insured under this section". 211 During fiscal year 20112012, in the provision of rental assistance under section 8(o) of the United States Housing Act of 1937 (42 U.S.C. 1437f(o)) in connection with a program to demonstrate the economy and effectiveness of providing such assistance for use in assisted living facilities that is carried out in the counties of the State of Michigan notwithstanding paragraphs (3) and (18)(B)(iii) of such section 8(o), a family residing in an assisted living facility in any such county, on behalf of which a public housing agency provides assistance pursuant to section 8(o)(18) of such Act, may be required, at the time the family initially receives such assistance, to pay rent in an amount exceeding 40 percent of the monthly adjusted income of the family by such a percentage or amount as the Secretary of Housing and Urban Development determines to be appropriate.212a The commitment authority funded by fees as provided under the subheading "Program Account'' under the heading "Community Development Loan Guarantees'' may be used to guarantee, or make commitments to guarantee, notes, or other obligations issued by any State on behalf of non-entitlement communities in the State in accordance with the requirements of section 108 of the Housing and Community Development Act of 1974 in fiscal year 20112012 and subsequent years: Provided, That, any State receiving such a guarantee or commitment shall distribute all funds subject to such guarantee to the units of general local government in non-entitlement areas that received the commitment.b Not later than 60 days after the date of enactment of this Act, the Secretary of Housing and Urban Development shall promulgate regulations governing the administration of the funds described under subsection (a).213 No official or employee of the Department of Housing and Urban Development shall be designated as an allotment holder unless the Office of the Chief Financial Officer has determined that such allotment holder has implemented an adequate system of funds control and has received training in funds control procedures and directives. The Chief Financial Officer shall ensure that there is a trained allotment holder for each HUD subaccount under the heading "Administration, Operations, and Management'' as well as each account receiving appropriations for "personnel compensation and benefits'' within the Department of Housing and Urban Development.214aApproval of Prepayment of Debt.—Upon request of the project sponsor of a project assisted with a loan under section 202 of the Housing Act of 1959 (as in effect before the enactment of the Cranston-Gonzalez National Affordable Housing Act), for which the Secretary's consent to prepayment is required, the Secretary shall approve the prepayment of any indebtedness to the Secretary relating to any remaining principal and interest under the loan as part of a prepayment plan under which—1 the project sponsor agrees to operate the project until the maturity date of the original loan under terms at least as advantageous to existing and future tenants as the terms required by the original loan agreement or any project-based rental assistance payments contract under section 8 of the United States Housing Act of 1937 (or any other project-based rental housing assistance programs of the Department of Housing and Urban Development, including the rent supplement program under section 101 of the Housing and Urban Development Act of 1965 (12 U.S.C. 1701s)) or any successor project-based rental assistance program, except as provided by subsection (a)(2)(B); and2 the prepayment may involve refinancing of the loan if such refinancing results—A in a lower interest rate on the principal of the loan for the project and in reductions in debt service related to such loan; orB in the case of a project that is assisted with a loan under such section 202 carrying an interest rate of 6 percent or lower, a transaction under which—i the project owner shall address the physical needs of the project;ii the prepayment plan for the transaction, including the refinancing, shall meet a cost benefit analysis, as established by the Secretary, that the benefit of the transaction outweighs the cost of the transaction including any increases in rent charged to unassisted tenants;iii the overall cost for providing rental assistance under section 8 for the project (if any) is not increased, except, upon approval by the Secretary to—Imark-up-to-market contracts pursuant to section 524(a)(3) of the Multifamily Assisted Housing Reform and Affordability Act (42 U.S.C. 1437f note), as such section is carried out by the Secretary for properties owned by nonprofit organizations; orIImark-up-to-budget contracts pursuant to section 524(a)(4) of the Multifamily Assisted Housing Reform and Affordability Act (42 U.S.C. 1437f note), as such section is carried out by the Secretary for properties owned by eligible owners (as such term is defined in section 202(k) of the Housing Act of 1959 (12 U.S.C. 1701q(k));iv the project owner may charge tenants rent sufficient to meet debt service payments and operating cost requirements, as approved by the Secretary, if project-based rental assistance is not available or is insufficient for the debt service and operating cost of the project after refinancing. Such approval by the Secretary—Ishall be the basis for the owner to agree to terminate the project-based rental assistance contract that is insufficient for the debt service and operating cost of the project after refinancing; andIIshall be an eligibility event for the project for purposes of section 8(t) of the United States Housing Act of 1937 (42 U.S.C. 1437f(t));v units to be occupied by tenants assisted under section 8(t) of the United States Housing Act of 1937 (42 U.S.C. 1437f(t)) shall, upon termination of the occupancy of such tenants, become eligible for project-based assistance under section 8(o)(13) of the United States Housing Act of 1937 (42 U.S.C. 1437f(o)(13)) without regard to the percentage limitations provided in such section; andvi there shall be a use agreement of 20 years from the date of the maturity date of the original 202 loan for all units, including units to be occupied by tenants assisted under section 8(t) of the United States Housing Act of 1937 (42 U.S.C. 1437f(t)).215214 No property identified by the Secretary of Housing and Urban Development as surplus Federal property for use to assist the homeless shall be made available to any homeless group unless the group is a member in good standing under any of HUD's homeless assistance programs or is in good standing with any other program which receives funds from any other Federal or State agency or entity: Provided, That an exception may be made for an entity not involved with Federal homeless programs to use surplus Federal property for the homeless only after the Secretary or another responsible Federal agency has fully and comprehensively reviewed all relevant finances of the entity, the track record of the entity in assisting the homeless, the ability of the entity to manage the property, including all costs, the ability of the entity to administer homeless programs in a manner that is effective to meet the needs of the homeless population that is expected to use the property and any other related issues that demonstrate a commitment to assist the homeless: Provided further, That the Secretary shall not require the entity to have cash in hand in order to demonstrate financial ability but may rely on the entity's prior demonstrated fundraising ability or commitments for in-kind donations of goods and services: Provided further, That the Secretary shall make all such information and its decision regarding the award of the surplus property available to the committees of jurisdiction, including a full justification of the appropriateness of the use of the property to assist the homeless as well as the appropriateness of the group seeking to obtain the property to use such property to assist the homeless: Provided further, That, this section shall apply to properties in fiscal years 20102011 and 20112012 made available as surplus Federal property for use to assist the homeless.216215 The Secretary of the Department of Housing and Urban Development is authorized to transfer funds made available for personnel or non-personnel expenses under any account or any set-aside within any account under this title under the general heading "Personnel Compensation and Benefits", and under the account headings "Executive Direction" and "Administration, Operations and Management", to any other such account or any other such set-aside within any such account, 15 days after notice of such transfer has been submitted to the House and Senate Committees on Appropriations: Provided, That, no appropriation for personnel or non-personnel expenses in any such account or any set-aside within any such account shall be increased or decreased by more than 10 percent by all such transfers.217216 The Secretary of Housing and Urban Development may increase, pursuant to this section, the number of Moving-to-Work agencies authorized under section 204, title II, of the Departments of Veterans Affairs and Housing and Urban Development and Independent Agencies Appropriations Act, 1996 (Public Law 104–134; 110 Stat. 1321) by adding to the program three Public Housing Agencies that meet criteria as established by the Secretary by noticed published in the Federal Registerthe following requirements: is a High Performing Agency under the Public Housing Assessment System (PHAS) and is a Choice Neighborhood grantee or HOPE VI agency. No PHA granted this designation through this section shall receive more funding under sections 8 or 9 of the United States Housing Act of 1937 than they otherwise would have received absent this designation. In addition to other reporting requirements, all Moving-to-Work agencies shall report financial data to the Department of Housing and Urban Development as specified by the Secretary, so that the effect of Moving-to-Work policy changes can be measured.218 Notwithstanding any other provision of law, in determining the market value of any multifamily real property or multifamily loan for any noncompetitive sale to a State or local government, the Secretary shall in fiscal year 2011 consider, but not be limited to, industry standard appraisal practices, including the cost of repairs needed to bring the property into such condition as to satisfy minimum State and local code standards and the cost of maintaining the affordability restrictions imposed by the Secretary on the multifamily real property or multifamily loan.219217 The Disaster Housing Assistance Programs, administered by the Department of Housing and Urban Development, shall be considered a "program of the Department of Housing and Urban Development'' under section 904 of the McKinney Act for the purpose of income verifications and matching.220218 Of the amounts made available for salaries and expenses under all accounts under this title (except for the Office of Inspector General account), a total of up to $15,000,000 may be transferred to and merged with amounts made available in the "Working Capital Fund" account or the "Transformation Initiative" account under this title. Any amounts transferred to the "Transformation Initiative" account shall only be available for information technology requirements and shall remain available until September 30, 2016.221Section 203(c)(2)(B) of the National Housing Act (12 U.S.C. 1709(c)(2)(B)) is amended to read as follows: "(B) In addition to the premium under subparagraph (A), the Secretary may establish and collect annual premium payments in an amount not exceeding 1.50 percent of the remaining insured principal balance (excluding the portion of the remaining balance attributable to the premium collected under subparagraph (A) and without taking into account delinquent payments or prepayments). The Secretary, by publication of a notice in the Federal Register, may establish or change the amount of the premium under subparagraph (A) or the annual premium, and the period of the mortgage term for which an annual premium amount shall apply.".222219For an additional amount for Of the amounts provided for the personnel compensation and benefits of the Office of the Chief Procurement Officer under the heading "Administration, Operations and Management"account, $2,070,635, is to increase strengthen the Department's acquisition workforce capacity and capabilities: Provided, That such funds may be transferred by the Secretary to any other account in the Department to carry out the purposes provided herein: Provided further, That such transfer authority is in addition to any other transfer authority provided in this Act: Provided further, That such funds shall be available only to supplement and not to supplant existing acquisition workforce activities: Provided further, That such funds shall be available for training, recruitment, retention, and hiring additional members of the acquisition workforce as defined by the Office of Federal Procurement Policy Act, as amended (41 U.S.C. 401 et seq.): Provided further, That such funds shall be available for information technology in support of acquisition workforce effectiveness or for management solutions to improve acquisition management.223In determining the amount of annual assessments on regulated entities for 2011 pursuant to section 1316(a) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4516), as amended, the Director of the Federal Housing Finance Agency shall include $1,500,000 for necessary expenses during fiscal year 2011 of the Federal Housing Finance Agency Office of Inspector General in carrying out the provisions of the Inspector General Act of 1978, as amended.224220The paragraphs under the heading "Flexible Subsidy Fund" in Public Law 108–447 and in Public Law 109–115 are repealed.225221Notwithstanding Section 24(o) of the United States Housing Act of 1937 (42 U.S.C. 1437v(o)), amounts made available under the heading "Revitalization of Severely Distressed Public Housing (HOPE VI)"in Title II of Division A of Public Law 111–117, including amounts for the Choice Neighborhoods initiative, may continue to be provided as assistance under Section 24 of the United States Housing Act of 1937 through September 30, 20112012. 222The United States Housing Act of 1937 (42 U.S.C. 1437) is amended— ain section 3(a)(1) by inserting before the period at the end of the second sentence the following: ",except in the case of any family with a fixed-income, as defined by the Secretary, after the initial review of the family's income the public housing agency or owner shall not be required to conduct a review of the family's income for any year for which such family certifies, in accordance with such requirements as the Secretary shall establish, that 90 percent or more of the income of the family consists of fixed income, and that the sources of such income have not changed since the previous year, except that the public housing agency or owner shall conduct a review of each such family's income not less than once every 3 years"; bin section 3(b)(2) by inserting after the second sentence the following new sentence: "The term 'extremely low-income families' means very low-income families whose incomes do not exceed the higher of (A) the poverty guidelines updated periodically by the Department of Health and Human Services under the authority of section 673(2) of the Community Services Block Grant Act (42 U.S.C. 9902(2)) applicable to a family of the size involved; or (B) 30 percent of the median family income for the area, as determined by the Secretary, with adjustments for smaller and larger families, except that the Secretary may establish income ceilings higher or lower than 30 percent of the median for the area on the basis of the Secretary's findings that such variations are necessary because of unusually high or low family incomes, and except that clause (A) of this sentence shall not apply in the case of public housing agencies located in Puerto Rico or any other territory or possession of the United States."; cin paragraph (2) of section 3(b) by adding at the end the following new sentence: "The Secretary shall periodically, but not less than annually, determine or establish area median incomes and income ceilings and limits in accordance with this paragraph"; din section 3(b)(5)(A) — 1in clause (i) by striking "$400" and inserting in lieu thereof "$675"; and2in clause (ii), in the matter preceding subclause (I), by striking "3 percent" and inserting in lieu thereof "10 percent";ein paragraph (1) of section 8(c)— 1by inserting "(A)" after the paragraph designation;2by striking the fourth, fifth, seventh, eighth, ninth, tenth sentences; and3by adding at the end the following:"(B) Fair market rentals for an area shall be published not less than annually by the Secretary on the Department's Internet site and in any other manner specified by the Secretary. The Secretary shall publish notice of the publication of such fair market rentals in the Federal Register, and such fair market rentals shall become effective no earlier than 30 days after the date of such publication. The Secretary shall establish a procedure for public housing agencies and other interested parties to comment on such fair market rentals and to request, within a time specified by the Secretary, reevaluation of the fair market rental in a jurisdiction. The Secretary shall publish for comment in the Federal Register notices of proposed material changes in the methodology for estimating fair market rentals and notices specifying the final decisions regarding such proposed substantial methodological changes and responses to public comments.";fin subparagraph (B) of section 8(o)(1) by inserting before the period at the end the following: ", except that no public housing agency shall be required as a result of a reduction in the fair market rental to reduce the payment standard applied to a family continuing to reside in a unit for which the family was receiving assistance under this section at the time the fair market rental was reduced. The Secretary shall allow public housing agencies to request exception payment standards within fair market rental areas subject to criteria and procedures established by the Secretary"; gin subparagraph (D) of section 8(o)(1) by inserting before the period at the end the following: "except that a public housing agency may establish a payment standard of not more than 120 percent of the fair market rent where necessary as a reasonable accommodation for a person with a disability, without approval of the Secretary. A public housing agency may seek approval of the Secretary to use a payment standard greater than 120 percent of the fair market rent as a reasonable accommodation for a disabled family or other family with a person with a disability. In connection with the use of any increased payment standard established or approved pursuant to either of the preceding two sentences as a reasonable accommodation for a person with a disability, the Secretary may not establish additional requirements regarding the amount of adjusted income paid by such person for rent";hin section 16(a)(2)(A) by striking "families whose incomes" and all that follows through "low family incomes" and inserting in lieu thereof "extremely low-income families"; iin section 16(b)(1) by striking "families whose incomes" and all that follows through "low family incomes" and inserting in lieu thereof "extremely low-income families"; and jin section 16(c)(3) by striking "families whose incomes" and all that follows through "low family incomes" and inserting in lieu thereof "extremely low-income families". 223Notwithstanding any provision of the United States Housing Act of 1937 concerning the determination of tenant rent obligations or of section 23 of such Act concerning deposits to escrow accounts, the Secretary may, during the five year period beginning on the date of enactment of this Act, allow the use of funds made available by the Secretary to public housing agencies to carry out rent policy demonstrations involving a limited number of families assisted under the United States Housing Act of 1937 to determine the effectiveness of different rent policies, which may include providing income disregards, family self-sufficiency accounts, and policies under which families pay amounts different from 30 percent of their adjusted income for rent, to encourage families to obtain employment, increase their incomes, and achieve economic self-sufficiency, while reducing administrative burdens and maintaining housing stability. Such demonstrations shall include public housing agencies of various sizes. The Secretary shall publish a report regarding the results and effectiveness of any demonstrations conducted under the authority of this section.224Section 579 of the Multifamily Assisted Housing Reform and Affordability Act of 1997 (42 U.S.C. 1437f) is amended by striking "October 1, 2011" each place it appears and inserting in lieu thereof "October 1, 2015".