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Tag Archives: housing
What can the Great Recession teach us about rent affordability in the age of Coronavirus?
The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides relief to some homeowners. But what about renter households? In the wake of the COVID-19 pandemic, millions of Americans have lost their jobs and are struggling to make rent payments. … Continue reading
Racial Disparities in Federal Employment, Lending, and Housing
Over the past several years, GAO has been asked to examine various racial inequalities in economic markets. In today’s WatchBlog, we explore our work on racial disparities in the federal workforce, lending, and housing. Federal employment As the nation’s largest … Continue reading
How Can Low-Income Renters Find Affordable Housing?
Low-income renters often face difficulties finding housing they can afford. But a federal program—the Low-Income Housing Tax Credit (LIHTC)—helps encourage developing this type of housing. This tax credit program has helped finance about 50,000 affordable rental units annually. The IRS … Continue reading
Lead Paint in Housing
Was your home built before 1978? If so, there’s a chance that it contains some lead paint. The Department of Housing and Urban Development estimates that roughly 35 percent of U.S. homes contain some lead-based paint. So, what does this … Continue reading
Housing with Supportive Services for Veterans
The Department of Housing and Urban Development estimated that nearly 40,000 veterans were homeless as of January 2016—making up about 10 percent of all people experiencing homelessness. To help, the government is converting unneeded federal property into supportive housing for … Continue reading
Reconstruction Efforts in Haiti 5 Years after the Earthquake
Five years ago today, on January 12, 2010, a powerful earthquake struck Haiti. The earthquake killed an estimated 230,000 people, displaced about 2 million more, and destroyed many homes, roads, and other buildings. In addition to immediate relief efforts, the … Continue reading
GAO’s Financial Markets and Community Investment Team
GAO’s workforce is generally organized into 14 mission teams. Today we’ll be putting the spotlight on the Financial Markets and Community Investment (FMCI) team. FMCI supports Congress by helping ensure the effectiveness of regulatory oversight in financial and housing markets, … Continue reading
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August 19, 2014
Tagged CFPB, college debit cards, community investment, consumer protection, credit, Daniel Garcia-Diaz, debit cards, Department of Education, Department of Housing and Urban Development, Economic Development Administration, finance, financial institutions, financial markets, FMCI, housing, HUD, impact, mission team, Small Business Administration
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Foreclosure Rescue Schemes and You
Evidence suggests that individuals who are less financially savvy are more likely to fall victim to financial scams, hold high cost mortgages, and engage in costly credit card behavior. As a result, the cost of limited financial literacy can be … Continue reading
