Housing

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Open Recommendations

Interagency Council on Homelessness: Written Policies for Implementing Statutory Requirements Are Needed

GAO-22-105110
Jun 23, 2022
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1 Open Recommendations
Agency Affected Recommendation Status
United States Interagency Council on Homelessness The Executive Director of USICH should establish written policies and procedures for meeting statutory requirements, including duties and functions in its governing statute and reporting obligations in annual appropriations acts, and for routinely updating and documenting the implementation of such policies and procedures. (Recommendation 1)
Open
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.

Emergency Rental Assistance: Additional Grantee Monitoring Needed to Manage Known Risks

GAO-22-105490
Feb 10, 2022
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1 Open Recommendations
Agency Affected Recommendation Status
Department of the Treasury The Secretary of the Treasury, in consultation with the Treasury Inspector General, should develop and implement procedures to monitor and evaluate ERA grantees' controls, including through the reallocation process. The monitoring procedures should include information on the minimum internal control systems expected for ERA grantees that rely on self-attestation and other administrative flexibilities that could increase risks of improper payments. (Recommendation 1)
Open
We will provide updated information when we confirm what actions Treasury has taken in response to this recommendation. As of September 2022, we were continuing to review and confirm recent information provided by the agency.

Housing Finance System: Future Reforms Should Consider Past Plans and Vulnerabilities Highlighted by Pandemic

GAO-22-104284
Jan 13, 2022
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1 Open Recommendations
Agency Affected Recommendation Status
Department of the Treasury The Secretary of the Treasury, as part of developing future housing finance reform plans, should consider recommendations from the 2019 plans that could help address system vulnerabilities and ensure future plans address all GAO framework elements. (Recommendation 1)
Open
Treasury accepted our recommendation. In its comments on our report, Treasury said it believes that access to affordable residential housing opportunities and the long-term stability of the U.S. housing market remain of critical importance. Treasury said it will consider a range of viewpoints and recommendations as it works with Congress and other agencies on housing finance reform issues. As of August 2022, the administration had not indicated whether it will develop a housing finance reform plan. We will update the status of the recommendation as additional information on the administration's housing finance reform efforts becomes available.
Department of Housing and Urban Development The Secretary of HUD, as part of developing future housing finance reform plans, should consider recommendations from the 2019 plans that could help address system vulnerabilities and ensure future plans address all GAO framework elements. (Recommendation 2)
Open – Partially Addressed
HUD accepted our recommendation. In its comments on our report, HUD said it would consider recommendations and input from a range of sources, including the 2019 reform plans and GAO's framework, in developing plans to support its strategic objective of creating a more accessible and inclusive housing finance system. HUD's fiscal year 2022-2026 strategic plan, issued in March 2022, includes certain strategies that are consistent with elements of HUD's 2019 reform plan and GAO's framework. HUD also commented that future housing finance plans would consider the 2019 plans, GAO's framework, and the policies and priorities of the administration, but that it was uncertain whether or when the administration would introduce broader housing finance reform strategies. As of August 2022, the administration had not introduced such strategies. We will update the status of the recommendation as information on the administration's housing finance reform efforts becomes available.

Real Estate Appraisals: Most Residential Mortgages Received Appraisals, but Waiver Procedures Need to Be Better Defined

GAO-22-104472
Dec 27, 2021
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1 Open Recommendations
Agency Affected Recommendation Status
Appraisal Subcommittee The Chairman of ASC should define appraiser scarcity and significant delay, so that these conditions can be consistently measured, and establish standards to objectively determine whether these conditions exist. These actions could be taken by revising regulations or by developing other procedures. (Recommendation 1)
Open
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
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