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Oversight of HUD and its fiscal year 2009 budget: hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Tenth Congress, second session, on the administration's budget request for housing and community development programs, Wednesday, March 12, 2008.
Oversight of HUD and its fiscal year 2009 budget : hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Tenth Congress, second session, on the administration's budget request for housing and community development programs, Wednesday, March 12, 2008.
The United States Government Printing Office (GPO) was created in June 1860, and is an agency of the U.S. federal government based in Washington D.C. The office prints documents produced by and for the federal government, including Congress, the Supreme Court, the Executive Office of the President and other executive departments, and independent agencies. A hearing is a meeting of the Senate, House, joint or certain Government committee that is open to the public so that they can listen in on the opinions of the legislation. Hearings can also be held to explore certain topics or a current issue. It typically takes between two months up to two years to be published. This is one of those hearings.
The Department of Housing and Urban Development (HUD) provided over $6.7 billion in fiscal year 2008 to housing agencies to operate, modernize, and develop about 1.2 million public housing units. It is important that HUD exercise sufficient oversight of housing agencies to help ensure that public housing funds are being used as intended and properly managed. This report examines HUD's oversight processes for detecting housing agencies at risk of inappropriate use and mismanagement of public housing funds. The auditor analyzed HUD financial data on about 3,300 housing agencies, compared HUD's oversight policies with program and agency objectives, and interviewed agency officials. Includes recommendations. Charts and tables.
" The joint explanatory statement for the Omnibus Appropriations Act, 2009, called for GAO to report on the resources of the HUD OIG in light of HUD's recently expanded roles and responsibilities. In response, GAO (1) compared the budgets, staffing levels, and monetary accomplishments of the HUD OIG to that of comparable OIGs during recent years, and (2) described the results of the HUD OIG's oversight of HUD's programs. GAO compared the budget and staff resources of the HUD OIG with that of other Cabinet-level department OIGs for the 5-year period from fiscal year 2007 through 2011. GAO also summarized the monetary accomplishments of the HUD OIG and other OIGs as reported in their semiannual reports to the Congress, and compared the results with their total budgetary resources to obtain a return on each budget dollar received. In addition, GAO summarized and described the HUD OIG's reported oversight coverage and monetary and nonmonetary accomplishments from audit and inspection reports and investigative cases that addressed HUD's largest program offices from fiscal year 2007 through 2011. "