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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT This chapter presents the budget estimates and program justifications for the Department of Housing and Urban Development (HUD). HUD’s core mission is to increase homeownership, support community development, and increase access to affordable housing free from discrimination. The 2006 Budget for HUD reflects the continuation of a multi-year comprehensive reform effort that will enhance the effectiveness of programs, reduce high unobligated and obligated balances, and return HUD to its core mission. Congress has provided significant increases in several HUD programs over the past several years. The Department continues to emphasize expanding homeownership opportunities for all. Toward that goal, two new programs are being proposed for 2006 within the Federal Housing Administration (FHA). First, FHA will introduce a 100 percent financing option for families who have good credit histories, but lack the savings needed for the downpayment on a home. It is anticipated that this will assist over 200,000 first-time homebuyers in the first year. The second program will be directed toward families who have impaired credit histories and would normally be served only by the sub-prime market. For these families, FHA will offer insurance at a modestly higher initial premium, but subsequently reduce the premium over time as the families make timely mortgage payments. It is anticipated that this initiative will assist almost 60,000 first-time homebuyers in the first year. Also, the HOME Investment Partnerships Program is increased by $41 million. This increase reflects $200 million for the American Dream Downpayment Initiative. The 2006 budget continues to propose an expanded Self-Help Homeownership Opportunity Program (SHOP) in an effort to accelerate home ownership by lower-income families. The 2005 appropriation completes the shift of the Housing Choice Voucher program to a budget-based as opposed to a unit-based program. This shift was initiated by Congress in 2004 and will help in controlling the program’s upward spiral in costs. Legislation will be proposed to provide Public Housing Agencies with substantial new flexibility to manage the voucher program in a way that controls costs and increases benefits to the two million families currently receiving assistance. HUD continues to focus on combating homelessness and eliminating chronic homelessness with $1.44 billion for Homeless Assistance overall, including up to $200 million for a Samaritan initiative to provide supportive housing linked to services for chronically homeless persons. Homeless assistance also includes $25 million for HUD’s part in a three-agency faith-based Prisoner Reentry initiative. Funding in the 2006 budget for the Fair Housing Assistance and Fair Housing Initiatives programs (FHAP and FHIP) will continue to strengthen the ability of public and private fair housing groups, and partnerships between them, to enforce the laws protecting all Americans against illegal housing discrimination. With the publication of the National Discrimination Study HUD now has the information necessary to improve enforcement, reduce discrimination, and address accessibility issues. The Community Development Block Grant program is replaced in 2006, along with other federal programs for community and economic development, by a proposed unified grant to be administered by the Department of Commerce. HUD will continue to provide funds for Indian Community Development. HUD is one of five Departments that are leading the Federal Government in tapping the potential of faith-based and community organizations to improve housing and help develop communities. The 2006 budget includes $119 million in lead hazard reduction grants to continue the 10-year program to eradicate lead hazards in housing. In order to ensure the effective implementation of its programs, the Department’s Office of Policy Development and Research (PD&R) will be provided with funds necessary to ensure timely provision of data, provide research and analysis of national housing and economic conditions, and measure the performance of programs, consistent with the Government Performance and Results Act of 1994. The Department will continue the management reform effort initiated in 2001 and undertake further efforts in 2006 to refocus HUD on its core mission and key programs as part of a continuing series of planned reforms to improve program performance. f PUBLIC AND INDIAN HOUSING Federal Funds General and special funds: TENANT-BASED RENTAL ASSISTANCE (INCLUDING TRANSFER OF FUNDS) For 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, ø$14,885,000,000¿ $15,845,194,187, to remain available until expended, of which ø$10,685,000,000¿ $11,645,194,187 shall be available on October 1, ø2004¿ 2005 and $4,200,000,000 shall be available on October 1, ø2005¿ 2006: Provided, That the amounts made available under this heading are provided as follows: (1) ø$13,462,989,000¿ $14,089,755,725 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: Provided, That notwithstanding any other provision of law, from amounts provided under this paragraph, the Secretary for the calendar year ø2005¿ 2006 funding cycle shall ørenew such contracts¿ provide renewal funding for each public housing agency based on øverified Voucher Management System (VMS) leasing and cost data averaged for the months of May, June, and July 2004¿ each public housing agency’s 2005 annual budget for renewal funding as calculated by HUD, prior to prorations, and by applying the ø2005¿ 2006 Annual Adjustment Factor as established by the Secretary, and by making any necessary adjustments for the costs associated with the firsttime renewal of tenant protection or HOPE VI vouchers: øProvided further, That if such data is not available, verifiable, or complete, the Secretary shall use verified VMS leasing and cost data averaged for the months of February, March, and April of 2004, and by applying the 2005 Annual Adjustment Factor as established by the Secretary, and by making any necessary adjustments for the costs associated with the first-time renewal of tenant protection or HOPE VI vouchers: Provided further, That if such data is not available, verifiable, or complete, the Secretary shall use leasing and cost data from the most recent end-of-year financial statements for public housing agency fiscal years ending no later than March 31, 2004, and by applying the 2005 Annual Adjustment Factor as established by the Secretary, and by making any necessary adjustments for the costs associated with the first-time renewal of tenant protection or HOPE VI vouchers:¿ Provided further, That the Secretary shall, to the extent necessary to stay within the amount provided under this paragraph, pro rate each public housing agency’s allocation otherwise established pursuant to this para527 VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 PO 00000 Frm 00001 Fmt 3616 Sfmt 3616 E:\BUDGET\HUD.XXX HUD PUBLIC AND INDIAN HOUSING—Continued Federal Funds—Continued 528 THE BUDGET FOR FISCAL YEAR 2006 73.20 Total outlays (gross) ...................................................... ................... ¥10,600 ¥15,845 86.90 General and special funds—Continued Outlays (gross), detail: Outlays from new discretionary authority ..................... ................... 10,600 15,845 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ ................... Outlays ........................................................................... ................... 10,600 10,600 15,845 15,845 TENANT-BASED RENTAL ASSISTANCE—Continued (INCLUDING TRANSFER OF FUNDS)—Continued graph: Provided further, That the entire amount provided under this paragraph shall be obligated to the public housing agencies based on the allocation and pro rata method described aboveø: 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 proviso: Provided further, That none of the funds provided in this paragraph may be used to support a total number of unit months under lease which exceeds a public housing agency’s authorized level of units under contract¿; (2) ø$163,000,000¿ $354,081,218 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), 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, vouchers necessary to complete the consent decree requirements in Walker vs. U.S. Department of Housing and Urban Development, and tenant protection assistance including replacement and relocation assistance; (3) ø$46,000,000¿ $55,000,000 for family self-sufficiency coordinators under section 23 of the Act; (4) ø$2,904,000¿ $5,949,150 shall be transferred to the Working Capital Fund; and (5) ø$1,210,107,000¿ $1,295,408,094 for administrative and other expenses of public housing agencies in administering the section 8 tenant-based rental assistance program, of which up to $25,000,000 shall be available to the Secretary to allocate to public housing agencies that need additional funds to administer their section 8 programs: Provided, That ø$1,185,107,000¿ $1,270,408,094 of the amount provided in this paragraph shall be allocated for the calendar year ø2005¿ 2006 funding cycle on a pro rata basis to public housing agencies based on the amount public housing agencies were eligible to receive in calendar year ø2004¿ 2005: Provided further, That all amounts provided under this paragraph shall be only for activities related to the provision of tenants-based rental assistance authorized under section 8, including related development activities. (6) $45,000,000 for additional rental subsidy due to increased rental costs resulting from unforeseen exigencies as determined by the Secretary. Program and Financing (in millions of dollars) 2004 actual Identification code 86–0302–0–1–604 00.01 00.02 00.03 00.04 00.05 00.06 Obligations by program activity: Tenant Protection ........................................................... Administrative Fees ....................................................... Family Self Sufficiency Coordinators ............................. Central Fund .................................................................. Working Capital Fund .................................................... Contract Renewals ......................................................... 2005 est. ................... 162 ................... 1,200 ................... 46 ................... ................... ................... 3 ................... 9,189 2006 est. 354 1,295 55 45 6 14,090 10.00 Total new obligations (object class 41.0) ................ ................... 10,600 15,845 22.00 23.95 Budgetary resources available for obligation: New budget authority (gross) ........................................ ................... Total new obligations .................................................... ................... 10,600 ¥10,600 15,845 ¥15,845 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. ................... 40.35 Appropriation permanently reduced .......................... ................... 10,685 11,645 ¥85 ................... Tenant Based Rental Assistance. The 2005 Appropriations enacted several reforms to the funding structure of the Tenant-based Rental Assistance program (also known as the Housing Choice Voucher Program) but allows limited flexibility on the part of Public Housing Agencies (PHAs) to adjust to these changes. The Administration will submit a legislative proposal in 2005 that will expand the dollar-based approach adopted by Congress and include the necessary flexibility to run effective and efficient programs. These reforms will improve the delivery of rental and homeownership subsidies for low-income families in a fiscally responsible manner, thereby ensuring the long-term sustainability of the tenantbased voucher program. The proposal includes greater PHA discretion in meeting local housing objectives and provides for steady and predictable funding levels adjusted annually for inflation. The proposed funding level restores reductions imposed by the 2005 pro-rations and adds funds to account for inflation. HOUSING CERTIFICATE FUND (RESCISSION) Of the unobligated balances, including recaptures and carryover, remaining from funds appropriated to the Department of Housing and Urban Development under this heading or the heading ‘‘Annual contributions for assisted housing’’ or any other heading for fiscal year ø2004¿ 2005 and prior years, ø$1,557,000,000¿ $2,500,000,000 is rescinded, to be effected by the Secretary no later than September 30, ø2005¿ 2006: Provided, That any such balances governed by reallocation provisions under the statute authorizing the program for which the funds were originally appropriated shall be available for the rescission: Provided further, That any obligated balances of contract authority from fiscal year 1974 and prior that have been terminated shall be cancelled: Provided further, That no amounts recaptured from amounts appropriated in prior years under this heading or the heading ‘‘Annual contributions for assisted housing’’ and no carryover of such appropriated amounts for project-based assistance shall be available for the calendar year ø2005¿ 2006 funding cycle for activities provided for under the heading ‘‘Tenant-based rental assistance’’ø: Provided further, That amounts recaptured under this heading or the heading ‘‘Annual contributions for assisted housing’’ from amounts appropriated for project-based section 8 activities may be used for amendments to section 8 project-based subsidy contracts or for performance-based contract administrators, notwithstanding the purposes for which such amounts were appropriated¿. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) Program and Financing (in millions of dollars) 2004 actual Identification code 86–0319–0–1–604 00.01 00.02 00.03 00.04 00.05 00.11 00.12 00.14 00.15 00.16 Appropriation (total discretionary) ........................ ................... 10,600 Advance appropriation .............................................. ................... ................... 11,645 4,200 10.00 Total new obligations (object class 41.0) ................ 70.00 Total new budget authority (gross) .......................... ................... 10,600 15,845 73.10 Change in obligated balances: Total new obligations .................................................... ................... 21.40 22.00 22.10 10,600 15,845 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Resources available from recoveries of prior year obligations ....................................................................... 19:14 Jan 25, 2005 Jkt 205782 PO 00000 Frm 00002 Fmt 3616 2006 est. Obligations by program activity: Contract renewals .......................................................... 16,958 4,991 ................... Contract Administrator .................................................. 206 145 ................... Rental Assistance .......................................................... 173 129 ................... Jobs Plus ........................................................................ ................... 1 ................... Section 8 Amendments .................................................. 320 307 ................... Administrative Fees ....................................................... 1,206 370 ................... Central Reserve .............................................................. 375 48 ................... Working Capital Fund .................................................... 3 ................... ................... Section 8 Counseling ..................................................... ................... 1 ................... Family Self Sufficiency Coordinators ............................. 48 48 ................... 43.00 55.00 VerDate jul 14 2003 2005 est. Sfmt 3643 E:\BUDGET\HUD.XXX HUD 19,289 6,040 ................... 3,479 16,413 2,253 ................... 2,609 ¥2,500 1,655 1,178 2,500 PUBLIC AND INDIAN HOUSING—Continued Federal Funds—Continued DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 22.75 Balance of contract authority withdrawn ...................... 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 24.40 Unobligated balance carried forward, end of year New budget authority (gross), detail: Discretionary: 40.00 Appropriation (definite) ............................................. 40.35 Appropriation permanently reduced .......................... 40.36 Unobligated balance permanently reduced .............. 43.00 55.00 60.00 60.49 62.50 ¥5 ................... ................... 21,542 ¥19,289 Program and Financing (in millions of dollars) 15,171 ................... ................... ¥114 ¥34 ................... ¥2,844 ¥1,557 ¥2,500 Appropriation (total discretionary) ........................ 12,213 Advance appropriation .............................................. 4,200 Mandatory: Appropriation ............................................................. ................... Portion applied to liquidate contract authority ........ ................... Total new budget authority (gross) .......................... 16,413 72.40 73.10 73.20 73.45 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. 31,105 19,289 ¥22,356 ¥1,655 74.40 Obligated balance, end of year ................................ 26,383 86.90 86.93 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. 12,184 10,172 89.00 90.00 93.03 93.04 ¥1,591 ¥2,500 4,200 ................... 5,000 ¥5,000 5,000 ¥5,000 Appropriation (total mandatory) ........................... ................... ................... ................... Total outlays (gross) ................................................. 2,609 26,383 22,149 6,040 ................... ¥9,096 ¥3,019 ¥1,178 ¥2,500 16,630 2006 est. 00.01 00.02 00.03 Obligations by program activity: Contract Renewals ......................................................... ................... Contract Administrators ................................................. ................... Working Capital Fund .................................................... ................... 5,195 101 2 5,545 332 2 10.00 Total new obligations (object class 41.0) ................ ................... 5,298 5,879 22.00 22.10 Budgetary resources available for obligation: New budget authority (gross) ........................................ ................... 5,298 Resources available from recoveries of prior year obligations ....................................................................... ................... ................... 23.90 23.95 Total budgetary resources available for obligation ................... Total new obligations .................................................... ................... 5,298 ¥5,298 5,072 807 5,879 ¥5,879 Net budget authority and outlays: Budget authority ............................................................ 16,413 Outlays ........................................................................... 22,356 Obligated balance, start of year: Contract authority ................... Obligated balance, end of year: Contract authority 15,771 2,609 9,096 15,771 10,771 ¥2,500 3,019 10,771 5,771 The Housing Certificate Fund, until 2005, provided funding to both project-based and tenant-based components of the Section 8 program. Project-based Rental Assistance and Tenantbased Rental Assistance are now separately funded accounts, and the Housing Certificate Fund retains balances from previous years’ appropriations and in 2006 includes a rescission of $2.5 billion of those balances. f PROJECT-BASED RENTAL ASSISTANCE (INCLUDING TRANSFER OF FUNDS) For activities and assistance for the provision of project-based subsidy contracts under the United States Housing Act of 1937, as amended (42 U.S.C. 1437 et seq.) (‘‘the Act’’ herein), not otherwise provided for, ø$5,341,000,000¿ $5,072,100,000, to remain available until expended: Provided, That the amounts made available under this heading are provided as follows: (1) ø$5,237,100,000¿ $4,923,100,000 for expiring or terminating section 8 project-based subsidy contracts (including section 8 moderate rehabilitation contracts), for amendments to section 8 projectbased subsidy contracts (including section 8 moderate rehabilitation contracts), for contracts entered into pursuant to section 441 of the McKinney-Vento Homeless Assistance Act, 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. (2) ø$101,900,000¿ $147,200,000 for performance-based contract administrators for section 8 project-based assistance. (3) ø$2,000,000¿ $1,800,000 shall be transferred to the Working Capital Fundø.¿: Provided further, That amounts recaptured under this heading, the heading, ‘Annual Contributions for assisted housing,’ or the heading, ‘Housing Certificate Fund,’ for project-based section 8 activities may be used for renewals of or amendments to section 8 project-based subsidy contracts or for performance-based PO 00000 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. ................... 40.35 Appropriation permanently reduced .......................... ................... 5,341 5,072 ¥43 ................... 5,298 5,072 ................... ................... ................... 5,298 ................... ¥3,178 ................... ................... 2,120 5,879 ¥5,161 ¥807 2,520 ................... 6,576 3,019 3,019 Jkt 205782 2005 est. 43.00 22,149 9,096 19:14 Jan 25, 2005 2004 actual Identification code 86–0303–0–1–604 ¥2,500 22,356 VerDate jul 14 2003 contract administrators, notwithstanding the purposes for which such amounts were appropriated. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) 2,253 ................... ................... 70.00 87.00 6,040 ................... ¥6,040 ................... 529 Frm 00003 Fmt 3616 72.40 73.10 73.20 73.45 Appropriation (total discretionary) ........................ ................... Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. 74.40 86.90 86.93 Obligated balance, end of year ................................ ................... 2,120 2,031 Outlays (gross), detail: Outlays from new discretionary authority ..................... ................... 3,178 Outlays from discretionary balances ............................. ................... ................... 3,041 2,120 87.00 Total outlays (gross) ................................................. ................... 3,178 5,161 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ ................... Outlays ........................................................................... ................... 5,298 3,178 5,072 5,161 Project-based Rental Assistance. HUD subsidizes rents for approximately 1.3 million families in over 19,000 projects under the Section 8 project-based rent subsidy program. Unlike the tenant-based Section 8 program, subsidies in the project-based program are tied directly to the project. Tenants pay up to 30 percent of income toward the rent with HUD subsidizing the remainder. Rents are adjusted periodically subject to HUD guidelines and approval. The Section 8 project-based program provides essential assistance to maintain the stock of affordable housing for low-and moderateincome families and individuals, many of whom are elderly or disabled. Program activity includes the following: Contract Renewals. Original Section 8 assistance contracts were entered into between HUD and project owners for periods of up to 40 years. As contract terms expire they are renewed on an annual funding cycle and additional renewal budget authority is required to maintain the housing stock. Section 8 Amendments. A funding amendment to a Section 8 contract is required to maintain the project until its contract expiration date when actual costs incurred exceed the amount of budget authority originally set-aside for the project. These additional costs are proposed to be entirely funded in 2006 by utilizing excess balances remaining on expired Section 8 contracts that utilized less than anticipated resources in completing the contract. No new BA is requested in 2006 for Section 8 Amendment activity. Contract Administrators. HUD utilizes Performance Based Contract Administrators (PBCAs) to administer and monitor the project-based portfolio. There are presently 53 PHAs Sfmt 3616 E:\BUDGET\HUD.XXX HUD PUBLIC AND INDIAN HOUSING—Continued Federal Funds—Continued 530 THE BUDGET FOR FISCAL YEAR 2006 General and special funds—Continued PROJECT-BASED RENTAL ASSISTANCE—Continued (INCLUDING TRANSFER OF FUNDS)—Continued under contract to manage approximately 15,000 contracts with 775,000 units. An additional 4,000 contracts with 287,000 units are anticipated to be added to the PBCA inventory in 2006. Further, funding is requested under the Project Rental Assistance heading for PBCA administration of an estimated 3,772 non-Section 8 contracts with 125,499 units. These will include Rent Supplement and Rental Assistance Program (RAP) contracts, Project Rental Assistance Contracts (PRAC) and Project Assistance Contracts (PAC), and Section 236 contracts. Funding for 2006 is proposed to be derived by $147.2 million of new budget authority. Project-based Tenant Protection. Voucher assistance is provided to tenants who face dislocation as a result of actions taken by project owners or by HUD that are beyond their control. This occurs as a result of owners opting out of the program or being terminated by HUD. HUD’s property disposition activities and prepayment activity under the Preservation program may also lead to Project-Based Tenant Protection requirements. For 2006 approximately $112 million will be required to assist an estimated 16,026 families. These project-based requirements, which are met through voucher assistance, are funded under the Tenant-Based heading. Working Capital Fund Transfer. A total of $1.8 million is requested in 2006 to fund development of and modifications to technology systems that service or are related to the programs or activities under this heading. f MOVING TO WORK Program and Financing (in millions of dollars) 2004 actual Identification code 86–0331–0–1–451 2005 est. 2006 est. 72.40 Change in obligated balances: Obligated balance, start of year ................................... 1 1 1 74.40 Obligated balance, end of year ................................ 1 1 1 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ ................... ................... ................... Outlays ........................................................................... ................... ................... ................... The Moving-to-Work demonstration provides unprecedented autonomy and flexibility to a select group of high-performing public housing authorities (PHAs) in order to assess the potential impacts of Federal deregulation on resident households, housing developments, and local housing programs. Through waivers of requirements of the 1937 Housing Act, as amended, and related Federal regulations, participating PHAs can combine Federal funding allocated for public housing operating subsidy, capital subsidy, and Section 8 vouchers into a flexible housing assistance fund. PHAs may provide incentives to families that work, are seeking work, or are preparing for work, PHAs are also allowed to change administrative procedures and management policies so they can reallocate resources to better address local housing needs and priorities. No additional funding is being requested for this demonstration. f PUBLIC HOUSING CAPITAL FUND For 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, as amended (42 U.S.C. 1437g) (the ‘‘Act’’) ø$2,600,000,000¿ $2,327,200,000, to remain available until September 30, ø2008¿ 2009: Provided, That not- 19:14 Jan 25, 2005 Jkt 205782 PO 00000 Frm 00004 Program and Financing (in millions of dollars) 2004 actual Identification code 86–0304–0–1–604 00.01 00.02 00.03 00.04 00.05 00.06 00.07 00.08 Obligations by program activity: Capital Grants ............................................................... 3,001 Emergency/Disaster ........................................................ 14 Technical Assistance ..................................................... 42 Working Capital Fund .................................................... 11 Neighborhood Network Initiative .................................... 8 Resident Opportunities and Supportive Services .......... 34 Public Housing Amendments ......................................... 1 Administrative Receivership .......................................... ................... 10.00 Total new obligations (object class 41.0) ................ Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Resources available from recoveries of prior year obligations ....................................................................... 22.75 Balance of contract authority withdrawn ...................... 21.40 22.00 22.10 23.90 23.95 (INCLUDING TRANSFERS OF FUNDS) VerDate jul 14 2003 withstanding any other provision of law or regulation, during fiscal year ø2005¿ 2006, the Secretary 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 of the total amount provided under this heading, up to ø$38,700,000¿ $11,000,000 shall be for carrying out activities under section 9(h) of such Actø, of which $12,500,000 shall be for the provision of remediation services to public housing agencies identified as ‘‘troubled’’ under the Section 8 Management Assessment Program and for surveys used to calculate local Fair Market Rents and assess housing conditions in connection with rental assistance under section 8 of the Act¿: Provided further, That ø$10,150,000¿ $13,230,000 shall be transferred to the Working Capital Fund: Provided further, That no funds may be used under this heading for the purposes specified in section 9(k) of the United States Housing Act of 1937, as amended: Provided further, That of the total amount provided under this heading, up to ø$30,000,000¿ $17,000,000 shall be available for the Secretary of Housing and Urban Development to make grants, notwithstanding section 205 of this Act, to public housing agencies for emergency capital needs resulting from unforeseen emergencies and natural disasters occurring in fiscal year ø2005¿ 2006: Provided further, That of the total amount provided under this heading, ø$53,500,000¿ $24,000,000 shall be for supportive services, service coordinators and congregate services as authorized by section 34 of the Act and the Native American Housing Assistance and Self-Determination Act of 1996: Provided further, That up to ø$3,000,000¿ $8,820,000 is to support the costs of administrative and judicial receiverships in effect prior to date of enactment of this Actø: Provided further, That of the total amount provided under this heading, $15,000,000 shall be for Neighborhood Networks grants for activities authorized in section 9(d)(1)(E) of the United States Housing Act of 1937, as amended, of which up to $1,000,000 may be used for technical assistance in connection with such grants as authorized in section 9(h)(8) of such Act: Provided further, That notwithstanding any other provision of law, amounts made available in the previous proviso shall be awarded to public housing agencies on a competitive basis: Provided further, That notwithstanding section 9(d)(1)(E) of the United States Housing Act of 1937, any Neighborhood Networks computer center established with funding made available under this heading in this or any other Act, shall be available for use by residents of public housing and residents of other housing assisted with funding made available under this title in this Act or any other Act¿. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) Fmt 3616 Total budgetary resources available for obligation Total new obligations .................................................... 24.40 Unobligated balance carried forward, end of year New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. Sfmt 3643 E:\BUDGET\HUD.XXX HUD 2005 est. 2006 est. 2,492 2,253 95 17 106 11 10 13 38 ................... 120 24 2 ................... 3 9 3,111 2,866 2,327 690 2,696 287 ................... 2,579 2,327 33 ................... ................... ¥21 ................... ................... 3,398 ¥3,111 2,866 ¥2,866 2,327 ¥2,327 287 ................... ................... 3,242 2,600 2,327 PUBLIC AND INDIAN HOUSING—Continued Federal Funds—Continued DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 40.35 40.49 Appropriation permanently reduced .......................... Portion applied to liquidate contract authority ........ 43.00 Appropriation (total discretionary) ........................ Mandatory: Appropriation ............................................................. Portion applied to liquidate contract authority ........ 60.00 60.49 62.50 70.00 ¥16 ¥21 ................... ¥530 ................... ................... 2,696 2,579 2,327 530 ¥530 500 ¥500 500 ¥500 Appropriation (total mandatory) ........................... ................... ................... ................... Total new budget authority (gross) .......................... Change in obligated balances: 72.40 Obligated balance, start of year ................................... 73.10 Total new obligations .................................................... 73.20 Total outlays (gross) ...................................................... 73.45 Recoveries of prior year obligations .............................. 2,696 2,579 2,327 10,097 9,761 9,126 3,111 2,866 2,327 ¥3,414 ¥3,501 ¥3,509 ¥33 ................... ................... Obligated balance, end of year ................................ 9,761 9,126 7,944 86.90 86.93 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. 22 3,392 36 3,465 43 3,466 87.00 Total outlays (gross) ................................................. 3,414 3,501 3,509 89.00 90.00 93.03 93.04 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... Obligated balance, start of year: Contract authority Obligated balance, end of year: Contract authority 2,696 3,414 3,299 2,748 2,579 3,501 2,748 2,248 2,327 3,509 2,248 1,748 f PUBLIC HOUSING OPERATING FUND For ø2005¿ 2006 payments to public housing agencies for the operation and management of public housing, as authorized by section 9(e) of the United States Housing Act of 1937, as amended (42 U.S.C. 1437g(e)), ø$2,458,000,000¿ $3,407,300,000, of which $10,000,000 in bonus funds shall be provided to public housing agencies that assist program participants in moving away from dependency on housing assistance programs: Provided, øThat of the total amount provided under this heading, $8,000,000 shall be for programs, as determined appropriate by the Attorney General, which assist in the investigation, prosecution, and prevention of violent crimes and drug offenses in public and federally-assisted low-income housing, including Indian housing, which shall be administered by the Department of Justice through a cooperative agreement with the Department of Housing and Urban Development: Provided further, That any such 2005 payment shall be provided in an amount sufficient to cover only the period beginning with the start of a public housing agency’s fiscal year and ending on December 31, 2005: Provided further,¿ That for fiscal year 2006 and all fiscal years thereafter, the Secretary shall provide assistance under this heading to public housing agencies on a calendar year basis: Provided further, That, in fiscal year ø2005¿ 2006 and all fiscal years hereafter, no amounts under this heading in any appropriations Act may be used for payments to public housing agencies for the costs of operation and management of public housing for any year prior to the current year of such Act: Provided further, That no funds may be used under this heading for the purposes specified in section 9(k) of the United States Housing Act of 1937, as amended. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) 19:14 Jan 25, 2005 Jkt 205782 2004 actual Identification code 86–0163–0–1–604 00.01 00.02 00.03 Obligations by program activity: Operating Subsidy .......................................................... 3,571 Voluntary Incentive Bonus ............................................. ................... Department of Justice Anti-Drug ................................... 10 10.00 Total new obligations (object class 41.0) ................ 21.40 22.00 22.10 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Resources available from recoveries of prior year obligations ....................................................................... 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 2005 est. 2006 est. 2,423 3,397 10 10 8 ................... 3,581 2,441 3,407 4 3,579 3 ................... 2,438 3,407 1 ................... ................... 3,584 ¥3,581 Unobligated balance carried forward, end of year 2,441 ¥2,441 3,407 ¥3,407 3 ................... ................... PO 00000 Frm 00005 Fmt 3616 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 40.35 Appropriation permanently reduced .......................... 3,600 ¥21 2,458 3,407 ¥20 ................... 43.00 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. Of the $2.3 billion requested for the Public Housing Capital Fund, approximately $2.25 billion is provided to cover annual accrual needs. Other uses include up to $24 million to provide supportive services to public housing residents under the Resident Opportunities and Supportive Services (ROSS) program, up to $17 million for emergencies or disasters, up to $11 million for technical assistance, no less than $13.2 million for the Working Capital Fund and up to $8.8 million for administrative and judicial receiverships. VerDate jul 14 2003 Program and Financing (in millions of dollars) 24.40 74.40 531 Appropriation (total discretionary) ........................ 3,579 2,438 72.40 73.10 73.20 73.45 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. 74.40 Obligated balance, end of year ................................ 2,007 848 852 86.90 86.93 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. 1,577 1,857 1,685 1,915 2,555 848 87.00 Total outlays (gross) ................................................. 3,434 3,600 3,403 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 3,579 3,434 2,438 3,600 3,407 3,403 3,407 1,861 2,007 848 3,581 2,441 3,407 ¥3,434 ¥3,600 ¥3,403 ¥1 ................... ................... Operating subsidies are provided to public housing authorities (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, as amended. The following tables display the sources of housing authorities’ expected revenue and expenditures by category. The distribution is based on historical data reported by housing authorities to HUD on the Statement of Operating Receipts and Expenditures. Sources of Housing Authorities’ Operating Revenue (in millions of dollars) Category Annual income Percent of total Operating Subsidies ....................................................................................... Dwelling Rental .............................................................................................. Investment ..................................................................................................... Other Income .................................................................................................. $3,407 2,429 66 232 55% 40% 1% 4% Total, Operating Revenue ................................................................. 6,134 100% Operating Subsidies.—Represent HUD’s contributions to a housing authority’s operating budget. Under the current formula-based approach, HUD sets a formula-determined allowable expense level (AEL) for each PHA and separately computes utility and audit costs. The PHA’s dwelling rental income is also projected and the subsidy is the difference between the projected AEL, utility, and audit expenses and projected dwelling rental income. AEL is not based on actual cost data from PHAs. HUD is currently working with PHAs on a new operating subsidy formula based on the previously congressionally sanctioned cost study conducted by the Harvard Graduate School of Design. Sfmt 3616 E:\BUDGET\HUD.XXX HUD PUBLIC AND INDIAN HOUSING—Continued Federal Funds—Continued 532 THE BUDGET FOR FISCAL YEAR 2006 General and special funds—Continued Program and Financing (in millions of dollars) PUBLIC HOUSING OPERATING FUND—Continued HUD remains committed to the principle and practices of real estate asset-based management and will at sometime in the near future present a plan for implementation. Dwelling Rental.—Income derived from tenants’ rents. Investment Income.—Income from interest earned on general fund investments. Other Income.—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. Annual expenditures Percent of total Utilities ........................................................................................................... Administration ................................................................................................ General Operating Expenses .......................................................................... Maintenance ................................................................................................... Tenant Services .............................................................................................. Protective Services ......................................................................................... Capital Expenditures ...................................................................................... Operating Reserve .......................................................................................... $1,334 1,728 533 2,216 152 165 6 0 22% 28% 9% 36% 2% 3% 0% 0% Total, Operating Expenses/*/ ........................................................... 6,134 100% 2006 est. Obligations by program activity: New Approach Anti-Drug ............................................... 1 ................... ................... 10.00 Total new obligations (object class 41.0) ................ 1 ................... ................... 21.40 22.00 22.10 Budgetary resources available for obligation: Unobligated balance carried forward, start of year 13 17 12 New budget authority (gross) ........................................ ................... ¥5 ................... Resources available from recoveries of prior year obligations ....................................................................... 5 ................... ................... Total budgetary resources available for obligation Total new obligations .................................................... 24.40 Unobligated balance carried forward, end of year 18 12 12 ¥1 ................... ................... 17 New budget authority (gross), detail: Discretionary: 40.36 Unobligated balance permanently reduced .............. ................... 12 12 ¥5 ................... Utilities.—Includes water, sewer, electricity, gas, and fuel. Administration.—Includes administrative salaries, legal expenses, staff training, travel, accounting fees, auditing fees, sundry, and outside management costs. General Operating Expenses.—Includes insurance, payments made to local governments in lieu of taxes, terminal leave payments, employees benefit contributions, collection losses, interest on administrative and sundry notes, and other general expenses. Ordinary Maintenance and Operations.—Consists of expenses for labor, materials, contracts and garbage fees associated with the day-to-day operation of the public housing authority. Tenant Services.—Cover salaries, recreation, publication, contract costs, training, and other expenses. Protective Services.—Includes expenses for labor, materials, and contract costs. Capital Expenditures.—Includes extraordinary maintenance, casualty losses, and property betterments (e.g. roofs and furnaces). Operating reserves.—Provides working capital funds and is a reserve for emergencies. Voluntary Graduation Bonus.—This proposal provides up to $10 million in bonus funds for public housing authorities that move program participants away from dependency on public housing assistance programs within the current regulatory and statutory constraints. Awards would be made to PHAs that exceeded a baseline number of families who have exited public and assisted housing. Baselines would be established for housing authorities considering various factors including size of the program. f DRUG ELIMINATION GRANTS FOR LOW-INCOME HOUSING ø(RESCISSION)¿ øOf the unobligated balances remaining from funds appropriated in fiscal year 2001 and prior years under the heading ‘‘Drug elimination grants for low-income housing’’, $5,000,000 are rescinded.¿ (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) 19:14 Jan 25, 2005 Jkt 205782 PO 00000 Frm 00006 Fmt 3616 72.40 73.10 73.20 73.45 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. 67 17 ................... 1 ................... ................... ¥46 ¥17 ................... ¥5 ................... ................... 74.40 * Excludes Voluntary Graduation Bonuses. VerDate jul 14 2003 2005 est. 00.01 23.90 23.95 Housing Authorities’ Operating Expenditures (in millions of dollars) Category 2004 actual Identification code 86–0197–0–1–604 Obligated balance, end of year ................................ 17 ................... ................... 86.93 Outlays (gross), detail: Outlays from discretionary balances ............................. 46 17 ................... 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ ................... Outlays ........................................................................... 46 ¥5 ................... 17 ................... The Public Housing Drug Elimination Grants program was terminated in the 2002 Budget. The program was found to have limited impact; current regulatory tools, such as tenant screening and eviction, are effective in reducing drug-related crime in public housing; and finally, fighting crime and drugs is not directly related to HUD’s core mission—it is the mission of federal law enforcement and other agencies whose programs help combat illegal drugs and crime in public housing communities. PHAs can supplement other public housing security efforts using operating funds if they choose. f REVITALIZATION OF SEVERELY DISTRESSED PUBLIC HOUSING (HOPE VI) øFor grants to public housing agencies for demolition, site revitalization, replacement housing, and tenant-based assistance grants to projects as authorized by section 24 of the United States Housing Act of 1937, as amended, $144,000,000, to remain available until September 30, 2006, of which the Secretary may use up to $4,000,000 for technical assistance and contract expertise, to be provided directly or indirectly by grants, contracts or cooperative agreements, including training and cost of necessary travel for participants in such training, by or to officials and employees of the department and of public housing agencies and to residents: Provided, That none of such funds shall be used directly or indirectly by granting competitive advantage in awards to settle litigation or pay judgments, unless expressly permitted herein.¿ Of the unobligated balances remaining from funds appropriated in fiscal year 2005 under the heading, ‘‘Revitalization of Severely Distressed Public Housing (HOPE VI),’’ for grants to public housing agencies from demolition, site revitalization, replacement housing, and tenant-based assistance grants to projects as authorized by section 24 of the United States Housing Act of 1937, as amended, $142,848,000 is cancelled. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) Sfmt 3616 E:\BUDGET\HUD.XXX HUD PUBLIC AND INDIAN HOUSING—Continued Federal Funds—Continued DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Program and Financing (in millions of dollars) 2004 actual Identification code 86–0218–0–1–604 00.01 00.02 00.04 00.05 Obligations by program activity: Direct Program Activity .................................................. Technical Assistance ..................................................... Tenant Protection ........................................................... Neighborhood Networks .................................................. 10.00 Total new obligations (object class 41.0) ................ 21.40 22.00 22.10 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Resources available from recoveries of prior year obligations ....................................................................... 23.90 23.95 23.98 Total budgetary resources available for obligation Total new obligations .................................................... Unobligated balance expiring or withdrawn ................. 24.40 Unobligated balance carried forward, end of year 2005 est. 2006 est. 493 157 ................... 5 8 ................... 45 ................... ................... 5 ................... ................... 548 165 ................... 559 149 165 143 6 ................... ................... 165 sional 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 ø$17,926,000¿ $37,938,222: Provided further, That for administrative expenses to carry out the guaranteed loan program, up to $150,000 from amounts in the first proviso, which shall be transferred to and merged with the appropriation for ‘‘Salaries and øexpenses¿ Expenses’’, to be used only for the administrative costs of these guarantees. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) 143 ¥143 714 308 ................... ¥548 ¥165 ................... ¥1 ................... ................... 143 ................... ø(RESCISSION)¿ øOf the unobligated balances remaining from funds appropriated in fiscal year 2004 and prior years under the heading ‘‘Native American housing block grants’’ for activities related to title VI of NAHASDA, $21,000,000 are rescinded.¿ (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) Program and Financing (in millions of dollars) New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 40.35 Appropriation permanently reduced .......................... 150 ¥1 144 ¥143 ¥1 ................... 43.00 Appropriation (total discretionary) ........................ 149 143 72.40 73.10 73.20 73.45 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. 74.40 Obligated balance, end of year ................................ ¥143 2,722 2,668 2,243 548 165 ................... ¥596 ¥590 ¥567 ¥6 ................... ................... 2,668 2,243 2004 actual Identification code 86–0313–0–1–604 00.01 00.02 00.03 00.04 00.05 00.07 00.08 Net budget authority and outlays: 89.00 Budget authority ............................................................ 90.00 Outlays ........................................................................... 596 149 596 590 143 590 ¥143 567 NATIVE AMERICAN HOUSING BLOCK GRANTS (INCLUDING TRANSFER OF FUNDS) For 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.), ø$627,000,000¿ $582,600,000, to remain available until expended, øof which $2,200,000 shall be contracted through the Secretary as technical assistance and capacity building to be used by the National American Indian Housing Council in support of the implementation of NAHASDA;¿ of which ø$4,500,000¿ $2,308,000 shall be to support the inspection of Indian housing units, contract expertise, training, and technical assistance in the training, oversight, and management of Indian housing and tenant-based assistance, including up to $300,000 for related travelø; and of which $2,600,000 shall be transferred to the Working Capital Fund¿; of which $57,783,000 shall be for the Indian Community Development Block Grant program under title I of the Housing and Community Development Act of 1974, as amended (42 U.S.C. 5301 et seq.), for grants to Indian tribes notwithstanding section 106(a)(1) of such Act, of which up to $4,000,000 may be used for emergencies that constitute imminent threats to health and safety, notwithstanding any other provision of law (including section 205 of the Act) Provided, That of the amount provided under this heading, ø$2,000,000¿ $4,800,000 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 Congres- Jkt 205782 PO 00000 Frm 00007 Total new obligations (object class 41.0) ................ 21.40 22.00 22.10 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Resources available from recoveries of prior year obligations ....................................................................... 567 f 19:14 Jan 25, 2005 2006 est. 1,676 HOPE VI has surpassed its primary goal to demolish 100,000 severely distressed public housing units by 2003. No additional funds are requested for this program in 2006 and unobligated balances appropriated in 2005 are proposed for rescission. VerDate jul 14 2003 2005 est. Obligations by program activity: Indian Housing Block Grants ......................................... 652 607 517 Title VI Loan Guarantee Subsidy ................................... 1 2 3 Technical Assistance ..................................................... 4 4 5 Working Capital Fund .................................................... 3 3 ................... National American Indian Housing Council .................. 2 2 ................... Upward reestimate ......................................................... 1 4 ................... Indian Housing CDBG .................................................... ................... ................... 58 10.00 Outlays (gross), detail: 86.93 Outlays from discretionary balances ............................. 533 Fmt 3616 663 622 583 123 651 114 605 97 583 3 ................... ................... 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 777 ¥663 719 ¥622 680 ¥583 24.40 Unobligated balance carried forward, end of year 114 97 97 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 654 40.35 Appropriation permanently reduced .......................... ¥4 40.36 Unobligated balance permanently reduced .............. ................... 43.00 627 583 ¥5 ................... ¥21 ................... 650 60.00 Appropriation (total discretionary) ........................ Mandatory: Appropriation ............................................................. 70.00 Total new budget authority (gross) .......................... 651 72.40 73.10 73.20 73.45 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. 74.40 Obligated balance, end of year ................................ 939 840 86.90 86.93 86.97 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. Outlays from new mandatory authority ......................... 165 510 1 108 101 609 626 4 ................... 87.00 Total outlays (gross) ................................................. 676 721 727 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 651 676 605 721 583 727 Sfmt 3643 E:\BUDGET\HUD.XXX HUD 1 601 583 4 ................... 605 583 955 939 840 663 622 583 ¥676 ¥721 ¥727 ¥3 ................... ................... 696 PUBLIC AND INDIAN HOUSING—Continued Federal Funds—Continued 534 THE BUDGET FOR FISCAL YEAR 2006 General and special funds—Continued NATIVE HAWAIIAN HOUSING BLOCK GRANT For 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.), $8,815,000, to remain available until expended, of which $352,606 shall be for training and technical assistance activities. NATIVE AMERICAN HOUSING BLOCK GRANTS—Continued ø(RESCISSION)¿—Continued Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars) Program and Financing (in millions of dollars) 2004 actual Identification code 86–0313–0–1–604 2005 est. 2006 est. 2004 actual Identification code 86–0235–0–1–604 Guaranteed loan levels supportable by subsidy budget authority: 215001 Title VI ............................................................................ 2005 est. 2006 est. 00.01 Obligations by program activity: Native Hawaiian Housing Block Grant .......................... ................... ................... 9 10.00 Total new obligations (object class 41.0) ................ ................... ................... 9 22.00 23.95 Budgetary resources available for obligation: New budget authority (gross) ........................................ ................... ................... Total new obligations .................................................... ................... ................... 9 ¥9 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. ................... ................... 9 17 18 38 17 18 38 10.56 10.32 12.26 232901 Weighted average subsidy rate ..................................... Guaranteed loan subsidy budget authority: 233001 Title VI ............................................................................ 10.56 10.32 12.26 2 2 5 233901 Total subsidy budget authority ...................................... Guaranteed loan subsidy outlays: 234001 Title VI ............................................................................ 2 2 5 1 1 1 234901 Total subsidy outlays ..................................................... Guaranteed loan upward reestimate subsidy budget authority: 235001 Title VI ............................................................................ 1 1 1 1 4 ................... 72.40 73.10 73.20 235901 Total upward reestimate budget authority .................... 1 4 ................... 74.40 Obligated balance, end of year ................................ ................... ................... 8 Administrative expense data: 351001 Budget authority ............................................................ ................... ................... ................... 359001 Outlays from new authority ........................................... ................... ................... ................... 86.90 Outlays (gross), detail: Outlays from new discretionary authority ..................... ................... ................... 1 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ ................... ................... Outlays ........................................................................... ................... ................... 9 1 215901 Total loan guarantee levels ........................................... Guaranteed loan subsidy (in percent): 232001 Title VI ............................................................................ Title I of the Native American Housing Assistance and SelfDetermination 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. The Native American Housing Block Grant program includes a guaranteed loan provision (Title VI). A guarantee level of $37.9 million is proposed for this loan guarantee program for 2006. The subsidy rate for this program is set at 12.26 percent with a federal guarantee of 95 percent. 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. The 2006 Budget allocates $58 million to Indian tribes as authorized by Section 106(a)(1) of the Housing and Community Development Act of 1974. Since its inception, funds made available to Native American communities have supported a wide variety of community development activities, predominantly, but not exclusively, community facilities, infrastructure and buildings to help meet the basic needs of low and moderate income community members. This program has helped to finance those public facilities needed to maintain or establish community viability. While it has had a significant impact on many Native American communities throughout the Nation, basic community development needs throughout Indian Country remain substantial. VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 PO 00000 Frm 00008 Fmt 3616 Change in obligated balances: Obligated balance, start of year ................................... ................... ................... ................... Total new obligations .................................................... ................... ................... 9 Total outlays (gross) ...................................................... ................... ................... ¥1 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. f Public enterprise funds: LOW-RENT PUBLIC HOUSING—LOANS AND OTHER EXPENSES Program and Financing (in millions of dollars) 2004 actual Identification code 86–4098–0–3–604 2005 est. 2006 est. Obligations by program activity: Reimbursable program: Capital investment loans to PHAs .......................................................................... 1 30 30 10.00 Total new obligations (object class 33.0) ................ 1 30 30 21.40 22.00 22.60 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Portion applied to repay debt ........................................ 20 98 ¥97 20 113 ¥83 20 118 ¥83 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 21 ¥1 50 ¥30 55 ¥30 24.40 Unobligated balance carried forward, end of year 20 20 25 09.01 Sfmt 3643 E:\BUDGET\HUD.XXX HUD PUBLIC AND INDIAN HOUSING—Continued Federal Funds—Continued DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT New budget authority (gross), detail: Mandatory: 67.10 Authority to borrow .................................................... 69.00 Offsetting collections (cash) ......................................... 20 78 30 83 30 88 70.00 Total new budget authority (gross) .......................... 98 113 118 72.40 73.10 73.20 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... 515 1 ¥76 440 30 ¥113 357 30 ¥118 74.40 Obligated balance, end of year ................................ 440 357 269 535 1602 Outlays (gross), detail: 86.97 Outlays from new mandatory authority ......................... 76 113 Interest receivable ..................................................... 69 65 1604 Direct loans and interest receivable, net ....... 1,203 1,121 1699 Value of assets related to direct loans ......... 1,203 1,121 Total assets ............................................................... LIABILITIES: Federal liabilities: 2102 Interest payable ........................................................ 2104 Resources payable to Treasury ................................ 1,739 1,581 137 1,133 128 1,055 2999 1,270 1,183 475 –6 404 –6 1999 Total liabilities .......................................................... NET POSITION: 3100 Appropriated capital ........................................................ 3300 Cumulative results of operations ................................... 118 3999 ¥78 ¥83 20 ¥2 30 30 30 30 469 398 Total liabilities and net position ................................... 1,739 1,581 ¥88 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... Total net position ..................................................... 4999 Offsets: Against gross budget authority and outlays: 88.00 Offsetting collections (cash) from: Federal sources 89.00 90.00 f Credit accounts: INDIAN HOUSING LOAN GUARANTEE FUND PROGRAM ACCOUNT (INCLUDING TRANSFER OF FUNDS) Status of Direct Loans (in millions of dollars) 2004 actual Identification code 86–4098–0–3–604 2005 est. 2006 est. Cumulative balance of direct loans outstanding: 1210 Outstanding, start of year ............................................. 1251 Repayments: Repayments and prepayments ................. 1,135 ¥79 1,056 ¥83 973 ¥88 1290 1,056 973 885 Outstanding, end of year .......................................... Status of Guaranteed Loans (in millions of dollars) 2004 actual Identification code 86–4098–0–3–604 Cumulative balance of guaranteed loans outstanding: 2210 Outstanding, start of year ............................................. 2251 Repayments and prepayments ...................................... 2290 Outstanding, end of year .......................................... 2299 Memorandum: Guaranteed amount of guaranteed loans outstanding, end of year ................................................................ 2005 est. 2006 est. 1,916 ¥267 1,649 ¥267 1,382 ¥267 1,649 1,382 1,115 1,649 1,382 1,115 The Low-Rent Public Housing Loan Fund provides direct Federal loans to fund remaining Public Housing Agency and Indian Housing Authority 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 (Public Law 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. Under the provisions of this legislation, $30 million borrowed from the Treasury was forgiven in 2004, $30 million will be borrowed from the Treasury and forgiven in 2005, and an estimated $30 million will be borrowed from the Treasury and forgiven in 2006. Since 1987, new reservations of capital funds for construction, acquisition, and modernization activities have been provided directly from the Public Housing Capital Fund appropriations. Operating results.—The actual and estimated net operating income for 2003, 2004, 2005, and 2006 follows: ASSETS: Federal assets: Fund balances with Treasury .............. Net value of assets related to pre–1992 direct loans receivable and acquired defaulted guaranteed loans receivable: 1601 Direct loans, gross ................................................... 1101 19:14 Jan 25, 2005 Jkt 205782 PO 00000 øOf the unobligated balances remaining from funds appropriated in fiscal year 2004 and prior years under the heading ‘‘Indian housing loan guarantee fund program account’’ for activities related to the cost of guaranteed loans, $33,000,000 are rescinded.¿ (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) General Fund Credit Receipt Accounts (in millions of dollars) 2004 actual Identification code 86–0223–0–1–371 0101 2005 est. Negative subsidies/subsidy reestimates ....................... ................... 2006 est. 4 ................... Program and Financing (in millions of dollars) 2004 actual Identification code 86–0223–0–1–371 2005 est. 2006 est. 00.02 Obligations by program activity: Guaranteed loan subsidy ............................................... 2 5 3 10.00 Total new obligations (object class 41.0) ................ 2 5 3 21.40 22.00 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ 33 5 36 ¥28 3 3 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 38 ¥2 8 ¥5 6 ¥3 Unobligated balance carried forward, end of year 36 3 3 536 1,134 Frm 00009 2004 actual 460 1,056 Fmt 3616 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 5 40.36 Unobligated balance permanently reduced .............. ................... 5 3 ¥33 ................... 43.00 2003 actual Identification code 86–4098–0–3–604 ø(RESCISSION)¿ 24.40 Balance Sheet (in millions of dollars) VerDate jul 14 2003 For the cost of guaranteed loans, as authorized by section 184 of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z–13a), ø$5,000,000¿ $2,645,000, 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, as amended: Provided further, That these funds are available to subsidize total loan principal, any part of which is to be guaranteed, not to exceed ø$145,345,000¿ $98,966,942. In addition, for administrative expenses to carry out the guaranteed loan program, up to $250,000 from amounts in the first paragraph, which shall be transferred to and merged with the appropriation for ‘‘Salaries and øexpenses¿ Expenses’’, to be used only for the administrative costs of these guarantees. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) Appropriation (total discretionary) ........................ 5 ¥28 3 72.40 Change in obligated balances: Obligated balance, start of year ................................... 1 1 1 Sfmt 3643 E:\BUDGET\HUD.XXX HUD PUBLIC AND INDIAN HOUSING—Continued Federal Funds—Continued 536 THE BUDGET FOR FISCAL YEAR 2006 08.02 Credit accounts—Continued INDIAN HOUSING LOAN GUARANTEE FUND PROGRAM ACCOUNT— Continued 2005 est. 73.10 73.20 Total new obligations .................................................... Total outlays (gross) ...................................................... 2 ¥2 5 ¥5 3 ¥4 74.40 Obligated balance, end of year ................................ 1 1 ................... 86.90 86.93 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. 1 1 1 ................... 4 4 87.00 Total outlays (gross) ................................................. 2 5 4 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 5 2 ¥28 5 3 4 1 7 3 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New financing authority (gross) .................................... 6 3 9 2 4 3 23.90 23.95 2006 est. Total new obligations (object class 33.0) ................ 21.40 22.00 Program and Financing (in millions of dollars)—Continued 2004 actual 4 ................... 10.00 ø(RESCISSION)¿—Continued Identification code 86–0223–0–1–371 Downward Re-estimate .................................................. ................... Total budgetary resources available for obligation Total new obligations .................................................... 9 ¥1 11 ¥7 7 ¥3 24.40 Unobligated balance carried forward, end of year 9 4 4 New financing authority (gross), detail: Discretionary: 68.00 Spending authority from offsetting collections (gross): Federal sources ....................................... 3 2 3 Guaranteed loan levels supportable by subsidy budget authority: 215001 Indian Housing Loan Guarantee .................................... 2005 est. 2006 est. 197 145 145 2.58 2.42 232901 Weighted average subsidy rate ..................................... Guaranteed loan subsidy budget authority: 233001 Indian Housing Loan Guarantee .................................... 2.73 2.58 2.42 5 5 5 5 3 2 5 2 234901 Total subsidy outlays ..................................................... 2 Guaranteed loan downward reestimate subsidy budget authority: 237001 Downward reestimate subsidy budget authority ........... ................... 5 2 ¥4 ................... 237901 Total downward reestimate subsidy budget authority ................... ¥4 ................... ¥1 6 9 1 ................... ................... ¥2 ¥2 ¥3 ¥1 ................... ................... ¥3 3 233901 Total subsidy budget authority ...................................... Guaranteed loan subsidy outlays: 234001 Indian Housing Loan Guarantee .................................... Obligated balance, end of year ................................ Total financing disbursements (gross) ......................... 99 2.73 74.40 87.00 99 197 ¥1 ¥1 6 1 7 3 ¥1 ................... ................... 88.90 2004 actual Identification code 86–0223–0–1–371 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total financing disbursements (gross) ......................... Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: 88.00 Federal sources: Payments from program account ................................................................. 88.40 Non-Federal sources ............................................. Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars) 72.40 73.10 73.20 215901 Total loan guarantee levels ........................................... Guaranteed loan subsidy (in percent): 232001 Indian Housing Loan Guarantee .................................... Administrative expense data: 351001 Budget authority ............................................................ ................... ................... ................... 359001 Outlays from new authority ........................................... ................... ................... ................... 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. f INDIAN HOUSING LOAN GUARANTEE FUND FINANCING ACCOUNT Program and Financing (in millions of dollars) 2004 actual Identification code 86–4104–0–3–604 2005 est. 1 2 00.91 3 3 VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 PO 00000 Frm 00010 Fmt 3616 ¥3 Status of Guaranteed Loans (in millions of dollars) 2004 actual Identification code 86–4104–0–3–604 Position with respect to appropriations act limitation on commitments: 2111 Limitation on guaranteed loans made by private lenders .............................................................................. 2121 Limitation available from carry-forward ....................... 2143 Uncommitted limitation carried forward ....................... 2150 2199 2210 2231 2251 2263 Total guaranteed loan commitments ........................ Guaranteed amount of guaranteed loan commitments 2005 est. 2006 est. 197 615 ¥750 145 750 ¥599 99 599 ¥679 62 62 296 296 19 19 126 23 ¥13 135 26 ¥14 ¥1 ¥4 Cumulative balance of guaranteed loans outstanding: Outstanding, start of year ............................................. 61 Disbursements of new guaranteed loans ...................... 97 Repayments and prepayments ...................................... ¥32 Adjustments: Terminations for default that result in claim payments ......................................................... ................... 2290 Outstanding, end of year .......................................... 126 135 143 2299 Memorandum: Guaranteed amount of guaranteed loans outstanding, end of year ................................................................ 126 135 143 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. Balance Sheet (in millions of dollars) 1 2 1 ¥2 Net financing authority and financing disbursements: Financing authority ........................................................ ................... ................... ................... Financing disbursements ............................................... ¥3 ¥2 ¥3 2006 est. Obligations by program activity: 00.01 Default Claims ............................................................... ................... 00.02 Loan Guarantee Subsidy ................................................ 1 Direct Program by Activities—Subtotal (1 level) 89.00 90.00 Total, offsetting collections (cash) .................. 2003 actual Identification code 86–4104–0–3–604 1101 ASSETS: Federal assets: Fund balances with Treasury .............. Sfmt 3633 E:\BUDGET\HUD.XXX HUD 2004 actual 5 8 PUBLIC AND INDIAN HOUSING—Continued Federal Funds—Continued DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 1999 537 Total assets ............................................................... LIABILITIES: 2204 Non-Federal liabilities: Liabilities for loan guarantees 5 8 234901 Total subsidy outlays ..................................................... ................... 5 8 2999 Total liabilities .......................................................... 5 8 4999 Total liabilities and net position ................................... 5 8 Administrative expense data: 351001 Budget authority ............................................................ ................... ................... ................... 358001 Outlays from balances ................................................... ................... ................... ................... 359001 Outlays from new authority ........................................... ................... ................... ................... f NATIVE HAWAIIAN HOUSING LOAN GUARANTEE FUND PROGRAM ACCOUNT (INCLUDING TRANSFER OF FUNDS) For the cost of guaranteed loans, as authorized by section 184A of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z–13b), ø$1,000,000¿ $882,000, 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, as amended: Provided further, That these funds are available to subsidize total loan principal, any part of which is to be guaranteed, not to exceed ø$37,403,000¿ $35,000,000. In addition, for administrative expenses to carry out the guaranteed loan program, up to $35,000 from amounts in the first paragraph, which shall be transferred to and merged with the appropriation for ‘‘Salaries and øexpenses¿ Expenses’’, to be used only for the administrative costs of these guarantees. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) Identification code 86–0233–0–1–371 2005 est. f NATIVE HAWAIIAN HOUSING LOAN GUARANTEE FUND FINANCING ACCOUNT Program and Financing (in millions of dollars) 00.02 Obligations by program activity: Guaranteed loan subsidy ............................................... ................... 2 Total new obligations (object class 41.0) ................ ................... 2 2005 est. 2006 est. Budgetary resources available for obligation: Unobligated balance carried forward, start of year ................... ................... New financing authority (gross) .................................... ................... 1 1 1 1 10.00 2004 actual Identification code 86–4351–0–3–371 21.40 22.00 2006 est. 1 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. 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. Program and Financing (in millions of dollars) 2004 actual 1 1 23.90 23.95 24.40 2 1 3 1 2 1 Total budgetary resources available for obligation 3 Total new obligations .................................................... ................... 4 ¥2 3 ¥1 2 2 Unobligated balance carried forward, end of year 3 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 1 1 1 73.10 73.20 Change in obligated balances: Total new obligations .................................................... ................... Total outlays (gross) ...................................................... ................... 2 ¥1 Outlays (gross), detail: Outlays from discretionary balances ............................. ................... 1 1 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ 1 Outlays ........................................................................... ................... 1 1 1 1 1 2 Unobligated balance carried forward, end of year ................... 1 2 New financing authority (gross), detail: Discretionary: 68.00 Spending authority from offsetting collections (gross): Federal sources ....................................... ................... 1 1 Offsets: Against gross financing authority and financing disbursements: 88.00 Offsetting collections (cash) from: Federal sources: Payments from program account ......................... ................... ¥1 ¥1 Net financing authority and financing disbursements: Financing authority ........................................................ ................... ................... ................... Financing disbursements ............................................... ................... ¥1 ¥1 1 ¥1 86.93 Total budgetary resources available for obligation ................... 24.40 Budgetary resources available for obligation: 21.40 Unobligated balance carried forward, start of year 22.00 New budget authority (gross) ........................................ 23.90 2004 actual Guaranteed loan levels supportable by subsidy budget authority: 215001 Native Hawaiian Housing .............................................. 2005 est. 2006 est. 37 35 40 37 35 2.73 2.58 2.42 2.73 2.58 2.42 1 1 1 233901 Total subsidy budget authority ...................................... 1 Guaranteed loan subsidy outlays: 234001 Native Hawaiian Housing .............................................. ................... 1 1 1 1 232901 Weighted average subsidy rate ..................................... Guaranteed loan subsidy budget authority: 233001 Native Hawaiian Housing .............................................. VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 PO 00000 2004 actual Frm 00011 Position with respect to appropriations act limitation on commitments: 2111 Limitation on guaranteed loans made by private lenders .............................................................................. 2121 Limitation available from carry-forward ....................... 2143 Uncommitted limitation carried forward ....................... Fmt 3616 2210 2231 2251 2005 est. 2006 est. 40 80 ¥120 37 120 ¥156 35 156 ¥190 Total guaranteed loan commitments ........................ ................... Guaranteed amount of guaranteed loan commitments ................... 1 1 1 1 Cumulative balance of guaranteed loans outstanding: Outstanding, start of year ............................................. ................... ................... Disbursements of new guaranteed loans ...................... ................... 1 Repayments and prepayments ...................................... ................... ................... 1 1 ¥1 2150 2199 40 215901 Total loan guarantee levels ........................................... Guaranteed loan subsidy (in percent): 232001 Native Hawaiian Housing .............................................. Status of Guaranteed Loans (in millions of dollars) Identification code 86–4351–0–3–371 Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars) Identification code 86–0233–0–1–371 89.00 90.00 2290 Outstanding, end of year .......................................... ................... 1 1 2299 Memorandum: Guaranteed amount of guaranteed loans outstanding, end of year ................................................................ ................... 1 1 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 guaran- Sfmt 3616 E:\BUDGET\HUD.XXX HUD PUBLIC AND INDIAN HOUSING—Continued Federal Funds—Continued 538 THE BUDGET FOR FISCAL YEAR 2006 Credit accounts—Continued 2299 NATIVE HAWAIIAN HOUSING LOAN GUARANTEE FUND FINANCING ACCOUNT—Continued tees 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. Memorandum: Guaranteed amount of guaranteed loans outstanding, end of year ................................................................ 77 88 101 Balance Sheet (in millions of dollars) 2003 actual Identification code 86–4244–0–3–604 2004 actual ASSETS: 1101 Federal assets: Fund balances with Treasury .............. 8 10 1999 Total assets ............................................................... LIABILITIES: 2204 Non-Federal liabilities: Liabilities for loan guarantees 8 10 8 10 2999 Total liabilities .......................................................... 8 10 4999 Total liabilities and net position ................................... 8 10 f TITLE VI INDIAN FEDERAL GUARANTEES FINANCING ACCOUNT Program and Financing (in millions of dollars) 2004 actual Identification code 86–4244–0–3–604 2005 est. 2006 est. 00.01 00.02 Obligations by program activity: Default Claims ............................................................... ................... Guarantee Loan Subsidy ................................................ ................... 1 1 1 2 10.00 Total new obligations ................................................ ................... 2 3 8 2 10 6 14 5 Total budgetary resources available for obligation 10 Total new obligations .................................................... ................... 16 ¥2 19 ¥3 14 16 21.40 22.00 23.90 23.95 24.40 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New financing authority (gross) .................................... Unobligated balance carried forward, end of year 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. f 10 COMMUNITY PLANNING AND DEVELOPMENT New financing authority (gross), detail: Discretionary: 68.00 Spending authority from offsetting collections: Offsetting collections (cash) ..................................... Mandatory: 69.00 Offsetting collections (cash) ..................................... 70.00 72.40 73.10 74.40 87.00 Federal Funds 1 2 5 1 4 ................... 2 6 5 Change in obligated balances: Obligated balance, start of year ................................... ................... ................... Total new obligations .................................................... ................... 2 2 3 General and special funds: HOUSING OPPORTUNITIES Total new financing authority (gross) ...................... Obligated balance, end of year ................................ ................... 2 5 Total financing disbursements (gross) ......................... ................... ................... ................... Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: 88.00 Federal sources ..................................................... 88.00 Upward Reestimate ............................................... ¥1 ¥1 ¥2 ¥5 ¥4 ................... 88.90 ¥2 ¥6 FOR PERSONS WITH AIDS For 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.), ø$284,000,000¿ $268,000,000, to remain available until September 30, ø2006¿ 2007, except that amounts allocated pursuant to section 854(c)(3) of such Act shall remain available until September 30, 2008: 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: Provided further, That the Secretary may use up to ø$2,500,000¿ $2,400,000 of the funds under this heading for training, oversight, and technical assistance activities. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) Program and Financing (in millions of dollars) Total, offsetting collections (cash) .................. ¥5 2004 actual Identification code 86–0308–0–1–604 Net financing authority and financing disbursements: 89.00 Financing authority ........................................................ ................... ................... ................... 90.00 Financing disbursements ............................................... ¥2 ¥6 ¥5 2004 actual Position with respect to appropriations act limitation on commitments: 2111 Limitation on guaranteed loans made by private lenders .............................................................................. 2121 Limitation available from carry-forward ....................... 2143 Uncommitted limitation carried forward ....................... 2006 est. 2005 est. 2006 est. 00.01 Obligations by program activity: Housing for Persons with HIV/AIDS ............................... 280 285 271 10.00 Status of Guaranteed Loans (in millions of dollars) Identification code 86–4244–0–3–604 2005 est. Total new obligations (object class 41.0) ................ 280 285 271 21.40 22.00 22.10 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Resources available from recoveries of prior year obligations ....................................................................... 88 295 103 282 100 268 23.90 23.95 23.98 Total budgetary resources available for obligation Total new obligations .................................................... Unobligated balance expiring or withdrawn ................. 24.40 Unobligated balance carried forward, end of year 103 100 2 ................... ................... 2210 2231 2251 2263 2290 18 382 ¥10 38 10 ¥8 10 8 390 8 40 26 77 17 ¥5 88 20 ¥5 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 40.35 Appropriation permanently reduced .......................... 297 ¥2 284 268 ¥2 ................... ¥1 ¥2 43.00 Appropriation (total discretionary) ........................ 295 282 268 88 101 72.40 2150 2199 17 375 ¥382 Change in obligated balances: Obligated balance, start of year ................................... 439 463 487 Total guaranteed loan commitments ........................ Guaranteed amount of guaranteed loan commitments Cumulative balance of guaranteed loans outstanding: Outstanding, start of year ............................................. 71 Disbursements of new guaranteed loans ...................... 10 Repayments and prepayments ...................................... ¥4 Adjustments: Terminations for default that result in claim payments ......................................................... ................... Outstanding, end of year .......................................... VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 PO 00000 77 Frm 00012 Fmt 3616 Sfmt 3643 E:\BUDGET\HUD.XXX HUD 385 385 368 ¥280 ¥285 ¥271 ¥1 ................... ................... 97 COMMUNITY PLANNING AND DEVELOPMENT—Continued Federal Funds—Continued DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 73.10 73.20 73.45 Total new obligations .................................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. 280 285 271 ¥254 ¥261 ¥262 ¥2 ................... ................... 74.40 Obligated balance, end of year ................................ 463 487 496 86.90 86.93 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. 1 253 11 250 11 251 87.00 Total outlays (gross) ................................................. 254 261 262 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 295 254 282 261 268 262 The Housing Opportunities for Persons with AIDS program provides States and localities with resources and incentives to devise long-term comprehensive strategies for meeting the housing needs of persons with HIV/AIDS and their families. Up to $2.4 million is used for technical assistance to grantees and project sponsors to strengthen management of programs and ensure responsiveness in meeting client needs. States and metropolitan areas receive 90 percent of the remaining funds by formula based on the number of cases of AIDS and, for metropolitan areas, the incidence of AIDS in that area. The final 10 percent is awarded competitively to States, local governments, and private nonprofit entities, including faith-based organizations, for projects of national significance with priority for renewal of the projects providing permanent supportive housing. Awards are also made to States and local governments for projects in jurisdictions which do not qualify for a formula allocation. The requested funding for 2006 will support approximately 67,000 housing units for persons with HIV/AIDS and their families. f COMMUNITY DEVELOPMENT FUND (INCLUDING TRANSFERS OF FUNDS) øFor assistance to units of State and local government, and to other entities, for economic and community development activities, and for other purposes, $4,709,000,000, to remain available until September 30, 2007, unless otherwise specified: Provided, That of the amount provided, $4,150,035,000 is for carrying out the community development block grant program under title 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 third paragraph and amounts made available in the second paragraph), not to exceed 20 percent of any grant made with funds appropriated under this heading (other than a grant made available in this paragraph to the Housing Assistance Council or the National American Indian Housing Council, or a grant using funds under section 107(b)(3) of the Act) shall be expended for planning and management development and administration: Provided further, That $69,000,000 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 205 of this Act), up to $4,000,000 may be used for emergencies that constitute imminent threats to health and safety; $3,300,000 shall be for a grant to the Housing Assistance Council; $2,400,000 shall be for a grant to the National American Indian Housing Council; $4,800,000 shall be available as a grant to the National Housing Development Corporation, for operating expenses not to exceed $2,000,000 and for a program of affordable housing acquisition and rehabilitation; $4,800,000 shall be available as a grant to the Raza Development Fund of La Raza for the HOPE Fund, of which $500,000 is for technical assistance and fund management, and $4,300,000 is for investments in the HOPE Fund and financing to affiliated organizations; $43,700,000 shall be for grants pursuant to section 107 of the Act, of which $9,000,000 shall be for the Native Hawaiian block grant authorized under title VIII of the Native American Housing Assistance and SelfDetermination Act of 1996, to remain available until expended, of which $500,000 shall be for training and technical assistance; $3,465,000 shall be transferred to the Working Capital Fund; $25,000,000 shall be for grants pursuant to the Self Help Homeowner- VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 PO 00000 Frm 00013 Fmt 3616 539 ship Opportunity Program; $34,500,000 shall be for capacity building, of which $30,000,000 shall be for Capacity Building for Community Development and Affordable Housing for LISC and the Enterprise Foundation for activities as authorized by section 4 of the HUD Demonstration Act of 1993 (42 U.S.C. 9816 note), as in effect immediately before June 12, 1997, with not less than $5,000,000 of the funding to be used in rural areas, including tribal areas, and of which $4,500,000 shall be for capacity building activities administered by Habitat for Humanity International; $2,000,000 shall be for the Special Olympics National Games Organizing Committee for planning, equipment, and operational expenses associated with the 2006 games in Ames, Iowa; $62,000,000 shall be available for YouthBuild program activities authorized by subtitle D of title IV of the Cranston-Gonzalez National Affordable Housing Act, as amended, and such activities shall be an eligible activity with respect to any funds made available under this heading: Provided, That local YouthBuild programs that demonstrate an ability to leverage private and nonprofit funding shall be given a priority for YouthBuild funding: Provided further, That no more than 10 percent of any grant award under the YouthBuild program may be used for administrative costs: Provided further, That of the amount made available for YouthBuild not less than $9,000,000 is for grants to establish YouthBuild programs in underserved and rural areas and $2,000,000 is to be made available for a grant to YouthBuild USA for capacity building for community development and affordable housing activities as specified in section 4 of the HUD Demonstration Act of 1993, as amended.¿ øOf the amount made available under this heading, $42,000,000 shall be available for neighborhood initiatives that are utilized to improve the conditions of distressed and blighted areas and neighborhoods, to stimulate investment, economic diversification, and community revitalization in areas with population outmigration or a stagnating or declining economic base, or to determine whether housing benefits can be integrated more effectively with welfare reform initiatives: Provided, That amounts made available under this paragraph shall be provided in accordance with the terms and conditions specified in the statement of managers accompanying this Act.¿ øOf the amount made available under this heading, $262,000,000 shall be available for grants for the Economic Development Initiative (EDI) to finance a variety of targeted economic investments in accordance with the terms and conditions specified in the statement of managers accompanying this Act: Provided, That none of the funds provided under this paragraph may be used for program operations.¿ øThe referenced statement of the managers under this heading in Public Law 108–7 is deemed to be amended with respect to item number 2 with respect to amounts made available for the City of Boaz, Alabama by striking ‘‘facilities renovation and expansion’’ and inserting ‘‘construction of a new library’’.¿ øThe referenced statement of the managers under this heading in Public Law 108–7 is deemed to be amended with respect to item number 740 by striking ‘‘facilities renovation and construction’’ and inserting ‘‘an economic development planning study’’.¿ øThe referenced statement of the managers under this heading in Public Law 108–7 is deemed to be amended with respect to item number 254 by striking ‘‘Greater Community Council in Louisville, Kentucky for construction of a facility for low-income, disabled persons’’ and inserting ‘‘Portland Promise, Inc., in Louisville, Kentucky for a multi-purpose facility’’.¿ øThe referenced statement of the managers under this heading in Public Law 108–7 is deemed to be amended with respect to item number 10 with respect to amounts made available to the St. Stephen Family Life Center in Louisville, Kentucky by striking ‘‘renovation’’ and inserting ‘‘construction’’.¿ øThe referenced statement of the managers under this heading in Public Law 108–7 is deemed to be amended with respect to item number 584 with respect to amounts made available for Queens Borough Public Library in Queens, New York by striking ‘‘for facilities rehabilitation and expansion of the Parsons Boulevard complex’’ and inserting ‘‘for facilities construction and renovations’’.¿ øThe referenced statement of the managers under this heading in Public Law 108–199 is deemed to be amended with respect to item number 198 by striking ‘‘$160,000 for the Pine Mountain Beautification and Economic Development project in Harris County, Georgia for streetscape improvements’’ and inserting ‘‘$60,000 for the Beautification and Economic Development project in Harris County, Georgia for construction; and $100,000 for the Beautification and Economic Development project in the Town of Pine Mountain, Georgia for streetscape improvements’’.¿ Sfmt 3616 E:\BUDGET\HUD.XXX HUD COMMUNITY PLANNING AND DEVELOPMENT—Continued Federal Funds—Continued 540 THE BUDGET FOR FISCAL YEAR 2006 General and special funds—Continued COMMUNITY DEVELOPMENT FUND—Continued (INCLUDING TRANSFERS OF FUNDS)—Continued øThe referenced statement of the managers under this heading in Public Law 108–199 is deemed to be amended with respect to item number 96 with respect to amounts made available for the City of Corona, California by striking ‘‘construction’’ and inserting ‘‘rehabilitation and conversion’’.¿ øThe referenced statement of the managers under this heading in Public Law 108–199 is deemed to be amended with respect to item number 257 with respect to amounts made available for Fort Dodge, Iowa by inserting ‘‘planning, design and’’ before the word ‘‘facilities’’.¿ øThe referenced statement of the managers under this heading in Public Law 108–199 is deemed to be amended with respect to item number 776 with respect to amounts made available for Rice University by inserting ‘‘planning, design and’’ before the word ‘‘construction’’.¿ øThe referenced statement of the managers under this heading in Public Law 108–199 is deemed to be amended with respect to item number 535 by striking ‘‘facilities renovation, expansion and buildout for the D’Youville College Library Improvement project’’ and inserting ‘‘Administration building renovation’’.¿ øThe referenced statement of the managers under this heading in Public Law 108–7 is deemed to be amended with respect to item number 215 by striking ‘‘construction of a fieldhouse located at 39th and Cottage Grove’’ and inserting ‘‘costs associated with construction of a LULA lift at Ogden Park’’.¿ øThe referenced statement of the managers under this heading in Public Law 108–7 is deemed to be amended with respect to item number 831 by striking ‘‘Bread and Rose in Olympia, Washington for renovations to a homeless shelter’’ and inserting ‘‘Catholic Community Services in Olympia, Washington for construction of a homeless shelter’’.¿ øThe referenced statement of the managers under this heading in Public Law 108–199 is deemed to be amended with respect to item number 303 by striking ‘‘Maine Environmental’’ and inserting ‘‘Marine Environmental’’.¿ øThe referenced statement of the managers under this heading in Public Law 108–199 is deemed to be amended with respect to item number 163 by striking ‘‘a special needs evacuation, senior, multipurpose center’’ and inserting ‘‘for Lakefront improvements to Lake Toho’’.¿ øThe referenced statement of the managers under this heading in Public Law 108–199 is deemed to be amended with respect to item number 499 by striking ‘‘relocation of and renovations to the Wolcott Carriage House’’ and inserting ‘‘facilities improvements to Erie Canal parks’’.¿ øThe referenced statement of the managers under this heading in title II of Public Law 107–73; H. Rept. 107–272 is deemed to be amended by striking ‘‘Southern New Mexico Fair and Rodeo in Dona Ana County for infrastructure improvements and to build a multipurpose event center;’’ and inserting the following: ‘‘Dona Ana County, New Mexico, for the Southern New Mexico State Fair to make infrastructure improvements and to build a multi-purpose event center;’’.¿ øThe referenced statement of the managers under this heading in title II of division G of the Consolidated Appropriations Resolution, 2004 (Public Law 108–199; H. Rept. 108–401) is deemed to be amended with respect to item 218 by striking ‘‘construction’’ and inserting ‘‘planning and design’’.¿ øThe statement of managers accompanying Public Law 106–74, as amended by chapter 8 of title II of the Emergency Supplemental Act, 2000 (Public Law 106–246), is further amended by inserting ‘‘, to remain available to be expended until September 30, 2007,’’ after ‘‘$25,000,000’’.¿ øThe referenced statement of managers under the heading in title II of division G of the Consolidated Appropriations Resolution, 2004 (Public Law 108–199; H. Rept. 108–401) is deemed to be amended with respect to numbers 418 and 423 by striking both specified grants and inserting ‘‘418. $900,000 to Northland Neighborhoods, Inc., in Clay County, Missouri for the expansion of the current Home Repair Program to provide home repairs to low- to moderate-income neighborhoods;’’.¿ øThe referenced statement of managers under this heading in title II of division G of the Consolidated Appropriations Resolution, 2004 (Public Law 108–199; H. Rept. 108–401) is deemed to be amended VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 PO 00000 Frm 00014 Fmt 3616 with respect to item 791 by inserting ‘‘for planning and design’’ after ‘‘Texas’’.¿ øThe referenced statement of managers under this heading in title II of division G of the Consolidated Appropriations Resolution, 2004 (Public Law 108–199; H. Rept. 108–401) is deemed to be amended with respect to item 218 by striking ‘‘construction’’ and inserting ‘‘planning and design’’.¿ øThe referenced statement of the managers under this heading in Public Law 108–199 is deemed to be amended with respect to item number 169 by striking ‘‘for renovation of an aviation high technology facility’’ and inserting the following: ‘‘for a feasibility study of a facilities improvement to the Airco Complex and surrounding properties’’.¿ øThe referenced statement of the managers under this heading in Public Law 108–7 is deemed to be amended with respect to item number 740 by striking ‘‘for facilities renovation and construction’’ and inserting ‘‘for development and continuation of the National Medal of Honor Museum of Military History’’.¿ øThe referenced statement of the managers under this heading in Public Law 108–199 is deemed to be amended with respect to item number 163 by striking ‘‘for a special needs evacuation, senior, multipurpose center’’ and inserting ‘‘for construction at the Lakefront Improvement Project’’.¿ øThe referenced statement of the managers under this heading in Public Law 108–7 is deemed to be amended with respect to item number 54 by striking ‘‘for renovation of facilities’’ and inserting ‘‘for the Screen Education Center’’.¿ øThe referenced statement of the managers under this heading in Public Law 108–199 is deemed to be amended with respect to item number 104 by striking ‘‘to Sonoma State University in California for construction of the Green Music Center’’ and inserting ‘‘to Center Point, Inc., to acquire and renovate a facility for the adolescent residential treatment center’’.¿ øThe referenced statement of the managers under this heading in Public Law 108–199 is deemed to be amended with respect to item number 4 by striking ‘‘for renovation of the old Uniontown Middle School’’ and inserting ‘‘for enhancements to facilities for industrial development’’.¿ øThe referenced statement of the managers under this heading in Public Law 108–199 is deemed to be amended with respect to item number 583 by striking ‘‘$200,000 to the North Carolina Museum of Natural Sciences for construction of the Nature Research Center’’ and inserting ‘‘$200,000 to the Friends of the North Carolina Museum of Natural Sciences for construction of the Nature Research Center’’.¿ øThe referenced statement of the managers under this heading in Public Law 108–199 is deemed to be amended with respect to item number 469 by striking ‘‘to Rutgers University in New Jersey land acquisition for LEAP University High School’’ and inserting ‘‘to the LEAP Academy University Charter High School in Camden City, New Jersey for facilities construction, renovation, and buildout’’.¿ øThe referenced statement of the managers under this heading in Public Law 108–199 is deemed to be amended with respect to item number 575 by striking ‘‘construction’’ and inserting ‘‘acquisition, renovation’’.¿ øThe referenced statement of the managers under this heading in Public Law 108–199 is deemed to be amended with respect to item number 683 by striking ‘‘for construction related to Bailey Park and downtown streetscape, beautification, building renovation and restoration’’ and inserting ‘‘for master plan development, building acquisition, demolition, renovation and restoration’’. ¿ øSection 167 of division H of Public Law 108–199 is amended by allocating the funding made available under the heading ‘‘Community Development Fund for project number 177 (House Report 108– 235) to the Chicago Children’s Choir Academy in Illinois for facility design and construction’’.¿ øThe referenced statement of the managers under this heading in title II of division G of the Consolidated Appropriations Resolution, 2004 (Public Law 108–199; H. Rept. 108–401) is deemed to be amended with respect to item 24 by striking ‘‘Tuscaloosa County Commission for Community Development in Tuscaloosa County, Alabama;’’ and inserting ‘‘City of Tuscaloosa for community development in Tuscaloosa, Alabama;’’.¿ øThe referenced statement of the managers under this heading in title II of division G of the Consolidated Appropriations Resolution, 2004 (Public Law 108–199; H. Rept. 108–401) is deemed to be amended with respect to item 796 by striking ‘‘Community Center’’ and Sfmt 3616 E:\BUDGET\HUD.XXX HUD COMMUNITY PLANNING AND DEVELOPMENT—Continued Federal Funds—Continued DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT inserting ‘‘Convention Center’’.¿ (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) øFor an additional amount for ‘‘Community development fund’’, for activities authorized under title I of the Housing and Community Development Act of 1974, for use only for disaster relief, long-term recovery, and mitigation in communities affected by disasters designated by the President between August 31, 2003 and October 1, 2004, except those activities reimbursable by the Federal Emergency Management Agency or available through the Small Business Administration, and for reimbursement for expenditures incurred from the regular Community Development Block Grant formula allocation used to achieve these same purposes, $150,000,000, to remain available until September 30, 2007: Provided, That the amounts provided herein are designated as an emergency requirement pursuant to section 402 of S. Con. Res. 95 (108th Congress), as made applicable to the House of Representatives by H. Res. 649 (108th Congress) and applicable to the Senate by section 14007 of Public Law 108–287: Provided further, That all funds under this heading shall be awarded by the Secretary to states (including Indian tribes for all purposes under this heading) to be administered by each state in conjunction with its community development block grants program: Provided further, That notwithstanding 42 U.S.C. 5306(d)(2), states are authorized to provide such assistance to entitlement communities: Provided further, That in administering these funds, the Secretary may waive, or specify alternative requirements for, any provision of any statute or regulation that the Secretary administers in connection with the obligation by the Secretary or the use by the recipient of these funds (except for requirements related to fair housing, nondiscrimination, labor standards, and the environment), upon a finding that such waiver is required to facilitate the use of such funds, and would not be inconsistent with the overall purpose of the statute: Provided further, That the Secretary may waive the requirements that activities benefit persons of low and moderate income, except that at least 50 percent of the funds under this heading must benefit primarily persons of low and moderate income unless the Secretary makes a finding of compelling need: Provided further, That the Secretary shall publish in the Federal Register any waiver of any statute or regulation authorized under this heading no later than 5 days before the effective date of such waiver: Provided further, That any project or activity underway prior to a Presidential disaster declaration may not receive funds under this heading unless the disaster directly impacted the project: Provided further, That each state shall provide not less than 10 percent in non-Federal public matching funds or its equivalent value (other than administrative costs) for any funds allocated to the state under this heading.¿ (Emergency Supplemental Appropriations for Hurricane Disasters Assistance Act, 2005.) Program and Financing (in millions of dollars) 2004 actual Identification code 86–0162–0–1–451 Obligations by program activity: Community Development Formula Grants ..................... Working Capital Fund .................................................... Housing Assistance Council .......................................... Indian Tribes .................................................................. Special Purpose Grants ................................................. Youthbuild ...................................................................... Self Help Homeownership Opportunity Program ............ Capacity Building .......................................................... Economic Development Initiative Grants ....................... Neighborhood Initiative Demonstration ......................... National American Indian Housing Council .................. National Housing Development Corporation .................. National Council of La Raza ......................................... Wellstone Center for Community Building .................... Alaska Native and Native Hawaiian Serving Instituttions ............................................................... 00.16 Disaster Assistance ....................................................... 00.17 Native Hawaiian Block Grants ....................................... 00.18 Special Olympics ............................................................ 00.19 Hudson River Park Trust Grant ..................................... 00.20 Gilman Institute Grant ................................................... 00.01 00.02 00.03 00.04 00.05 00.06 00.07 00.08 00.09 00.10 00.11 00.12 00.13 00.14 00.15 10.00 Total new obligations (object class 41.0) ................ 21.40 22.00 22.10 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Resources available from recoveries of prior year obligations ....................................................................... VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 2005 est. 4,174 4,117 5 3 3 3 78 142 49 78 64 67 25 52 28 69 230 338 51 32 2 2 5 10 5 10 9 ................... 2006 est. 691 ................... ................... ................... ................... 61 ................... ................... 250 30 ................... ................... ................... ................... 3 ................... ................... ................... 151 ................... ................... 9 9 ................... 2 ................... ................... 31 ................... ................... 1 ................... 4,731 5,117 1,104 4,933 1,305 1,041 4,853 ................... 23.90 23.95 23.98 Total budgetary resources available for obligation Total new obligations .................................................... Unobligated balance expiring or withdrawn ................. 24.40 Unobligated balance carried forward, end of year 541 6,039 6,158 1,041 ¥4,731 ¥5,117 ¥1,041 ¥3 ................... ................... 1,305 1,041 ................... New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 4,964 4,741 40.00 Appropriation ............................................................. ................... 150 40.35 Appropriation permanently reduced .......................... ¥29 ¥38 41.00 Transferred to other accounts ................................... ¥2 ................... 4,933 ................... ................... ................... ................... 43.00 Appropriation (total discretionary) ........................ 4,853 ................... 72.40 73.10 73.20 73.40 73.45 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Adjustments in expired accounts (net) ......................... Recoveries of prior year obligations .............................. 74.40 Obligated balance, end of year ................................ 10,694 86.90 86.93 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. 49 5,339 94 ................... 5,279 5,353 87.00 Total outlays (gross) ................................................. 5,388 5,373 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 4,933 5,388 4,853 ................... 5,373 5,353 11,369 10,694 10,438 4,731 5,117 1,041 ¥5,388 ¥5,373 ¥5,353 ¥17 ................... ................... ¥2 ................... ................... 10,438 6,126 5,353 The 2006 Budget proposes to consolidate the Community Development Block Grant (CDBG) program, and other setasides within the Community Development Fund, into a new economic and community development program to be administered by the Department of Commerce. The new program would be designed to achieve greater results and focus on communities most in need of assistance. Some of the set-asides formerly funded under the Community Development Fund will remain at HUD. The Self-Help Homeownership Opportunity program (SHOP) is proposed for funding at $30 million as a separate program and an increase of $5 million reflecting the success of this program and its standing as a Presidential initiative. Further, the budget proposes $57.8 million for the Indian Community Development Block Grant program that will be funded as a set-aside within the Native American Housing Block Grant program and more fully integrate HUD’s overall effort in this area. The Native Hawaiian Housing Block Grant program is proposed for funding at $9 million as a separate program within Public and Indian Housing. The budget also proposes $29 million within the Research and Technology Account for University Programs that have been and will continue to be administered by the Office of Policy Development and Research. The 2006 Budget also proposes to transfer the Youthbuild program from HUD to the Department of Labor, as recommended by the White House Task Force on Disadvantaged Youth, to allow for greater coordination of the program with Job Corps and other employment and training programs. The 2006 Budget includes $58.9 million in funding for this program. Youthbuild provides grants to local organizations to provide education and training to disadvantaged youth age 16–24. In addition to participating in classroom training, youth learn construction skills by helping to build affordable housing. All other Community Development Fund set-asides would be consolidated into the new Commerce program. f 1,041 EMPOWERMENT ZONES/ENTERPRISE COMMUNITIES PO 00000 2 ................... ................... Frm 00015 Fmt 3616 øFor grants in connection with a second round of empowerment zones and enterprise communities, $10,000,000, to remain available until September 30, 2005, for ‘‘Urban Empowerment Zones’’, as authorized in section 1391(g) of the Internal Revenue Code of 1986 Sfmt 3616 E:\BUDGET\HUD.XXX HUD COMMUNITY PLANNING AND DEVELOPMENT—Continued Federal Funds—Continued 542 THE BUDGET FOR FISCAL YEAR 2006 23.90 23.95 General and special funds—Continued EMPOWERMENT ZONES/ENTERPRISE COMMUNITIES—Continued (26 U.S.C. 1391(g)), including $666,666 for each empowerment zone for use in conjunction with economic development activities consistent with the strategic plan of each empowerment zone.¿ (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) Total budgetary resources available for obligation Total new obligations .................................................... 24.40 53 ¥27 Unobligated balance carried forward, end of year 50 ................... ¥50 ................... 26 ................... ................... New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 25 24 ................... 2004 actual Identification code 86–0315–0–1–451 2005 est. 2006 est. 00.01 Obligations by program activity: Develop urban sites ....................................................... 15 10 ................... 10.00 Total new obligations (object class 41.0) ................ 15 72.40 73.10 73.20 73.45 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. 74.40 Obligated balance, end of year ................................ 114 151 137 86.93 Program and Financing (in millions of dollars) Outlays (gross), detail: Outlays from discretionary balances ............................. 10 13 14 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 25 10 24 ................... 13 14 10 ................... Budgetary resources available for obligation: 22.00 New budget authority (gross) ........................................ 23.95 Total new obligations .................................................... 15 ¥15 10 ................... ¥10 ................... New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 15 10 ................... 72.40 73.10 73.20 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... 204 15 ¥48 171 131 10 ................... ¥50 ¥50 74.40 Obligated balance, end of year ................................ 171 131 81 86.93 Outlays (gross), detail: Outlays from discretionary balances ............................. 48 50 50 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 15 48 10 ................... 50 50 f BROWNFIELDS REDEVELOPMENT øFor competitive economic development grants, as authorized by section 108(q) of the Housing and Community Development Act of 1974, as amended, for Brownfields redevelopment projects, $24,000,000, to remain available until September 30, 2006.¿ (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) Program and Financing (in millions of dollars) 2004 actual 2005 est. 2006 est. 00.01 Obligations by program activity: Cleanup and develop contaminated sites ..................... 27 50 ................... 10.00 Total new obligations (object class 41.0) ................ 27 50 ................... 21.40 22.00 22.10 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Resources available from recoveries of prior year obligations ....................................................................... 27 25 26 ................... 24 ................... VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 The 2006 Budget proposes to consolidate the Brownfield’s program into a new economic and community development program to be administered by the Department of Commerce. The new program would be designed to achieve greater results and focus on communities most in need of assistance. Grants are made in accordance with section 108(q) selection criteria and such other criteria deemed appropriate for brownfield projects, including the extent to which an applicant is currently operating a brownfields program and is working with appropriate environmental regulatory agencies. f The 2006 Budget proposes to consolidate grant funding for this program into a new economic and community development program to be administered by the Department of Commerce. The Empowerment Zone (EZ) initiative helps revitalize city neighborhoods by attracting business development and providing employment opportunities to residents of empowerment zones. Empowerment Zone principles include a strategic vision for change, a community-based partnership, providing economic opportunity and sustainable community development. The Community Renewal and Tax Relief Act of 2000 (P.L. 106–554) authorized the designation of a third round of 7 urban and 2 rural empowerment zones and 40 competitively selected Renewal Communities administered by HUD. Identification code 86–0314–0–1–451 98 114 151 27 50 ................... ¥10 ¥13 ¥14 ¥1 ................... ................... PO 00000 1 ................... ................... Frm 00016 Fmt 3616 YOUTHBUILD PROGRAM Program and Financing (in millions of dollars) 2004 actual Identification code 86–0219–0–1–604 72.40 Change in obligated balances: Obligated balance, start of year ................................... ................... 74.40 89.00 90.00 2005 est. Obligated balance, end of year ................................ 1 2006 est. 1 1 1 1 Net budget authority and outlays: Budget authority ............................................................ ................... ................... ................... Outlays ........................................................................... ................... ................... ................... The Youthbuild program had been funded as a set-aside within the CDBG program since 1996. The 2006 Budget proposes to fund the Youthbuild program within the U.S. Department of Labor to allow for greater coordination with other employment and training programs. The obligated balance and outlays represent activity in the separate youthbuild account. f HOME INVESTMENT PARTNERSHIPS PROGRAM (INCLUDING TRANSFER OF FUNDS) For the HOME investment partnerships program, as authorized under title II of the Cranston-Gonzalez National Affordable Housing Act, as amended, ø$1,865,000,000,¿ $1,741,000,000 to remain available until September 30, ø2007¿ 2008: Provided, That of the total amount provided in this paragraph, øup to $42,000,000 shall be available for housing counseling under section 106 of the Housing and Urban Development Act of 1968, and $2,000,000¿ 1,000,000 shall be transferred to the Working Capital Fund. In addition to amounts otherwise made available under this heading, ø$50,000,000¿ $200,000,000, to remain available until September 30, ø2007¿ 2008, for assistance to homebuyers as authorized under title I of the American Dream Downpayment Act. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) Sfmt 3616 E:\BUDGET\HUD.XXX HUD COMMUNITY PLANNING AND DEVELOPMENT—Continued Federal Funds—Continued DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT of 1996, as amended, $30,000,000, to remain available until September 30, 2008. Program and Financing (in millions of dollars) 2004 actual Identification code 86–0205–0–1–604 543 2005 est. 2006 est. Program and Financing (in millions of dollars) Obligations by program activity: 00.01 HOME grants .................................................................. 1,946 1,903 1,944 10.00 1,946 1,903 1,944 Total new obligations (object class 41.0) ................ 2004 actual Identification code 86–0176–0–1–604 2005 est. 2006 est. 00.01 Budgetary resources available for obligation: 21.40 Unobligated balance carried forward, start of year 22.00 New budget authority (gross) ........................................ 22.10 Resources available from recoveries of prior year obligations ....................................................................... Obligations by program activity: Self Help Housing Opportunity Program ........................ ................... ................... 30 445 1,941 10.00 Total new obligations (object class 41.0) ................ ................... ................... 30 16 ................... ................... 22.00 23.95 Budgetary resources available for obligation: New budget authority (gross) ........................................ ................... ................... Total new obligations .................................................... ................... ................... 30 ¥30 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. ................... ................... 30 372 2,006 448 1,900 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 2,394 ¥1,946 2,348 ¥1,903 2,386 ¥1,944 24.40 Unobligated balance carried forward, end of year 448 445 442 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 40.35 Appropriation permanently reduced .......................... 2,018 ¥12 1,915 1,941 ¥15 ................... 43.00 2,006 1,900 Appropriation (total discretionary) ........................ 72.40 73.10 73.20 Change in obligated balances: Obligated balance, start of year ................................... ................... ................... ................... Total new obligations .................................................... ................... ................... 30 Total outlays (gross) ...................................................... ................... ................... ¥1 1,941 74.40 Change in obligated balances: 72.40 Obligated balance, start of year ................................... 73.10 Total new obligations .................................................... 73.20 Total outlays (gross) ...................................................... 73.45 Recoveries of prior year obligations .............................. 4,914 5,247 5,500 1,946 1,903 1,944 ¥1,597 ¥1,650 ¥1,700 ¥16 ................... ................... 74.40 Obligated balance, end of year ................................ 5,247 5,500 5,744 86.90 86.93 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. 9 1,588 38 1,612 39 1,661 87.00 Total outlays (gross) ................................................. 1,597 1,650 1,700 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 2,006 1,597 1,900 1,650 1,941 1,700 Performance Metrics 2004 actual Identification code 86–0205–0–1–604 HOME Investment Partnerships Program: 31001 Total number of years of affordability provided for low-income households residing in units produced from the investment of HOME funds ........................ 31005 Annual increase in the average ‘‘blended’’ HOME investment per unit. ..................................................... 31006 Number of HOME production units that are completed (includes rental units produced, new homebuyers, and existing homeowners assisted) .......................... 2005 est. 2006 est. 778649 775000 ................... 0.064 <3.0% ................... 62,021 58,309 ................... SELF-HELP HOMEOWNERSHIP OPPORTUNITY PROGRAM For the Self-Help Homeownership Opportunity Program, as authorized under section 11 of Housing Opportunity Program Extension Act Jkt 205782 86.90 Outlays (gross), detail: Outlays from new discretionary authority ..................... ................... ................... 1 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ ................... ................... Outlays ........................................................................... ................... ................... 30 1 The 2006 Budget proposes to fund the Self-Help Homeownership Opportunity Program (SHOP) in a separate account. Funding of $30 million is provided for acquisition and preparation of land to assist the efforts of national and regional consortia. SHOP funds assist low-income homebuyers willing to contribute ‘‘sweat equity’’ toward the construction of their house. The funds will increase nonprofit organizations’ ability to leverage funds from other sources and produce at least 1,500 new homeownership units. SHOP was previously funded as a set-aside within the Community Development Fund. HOMELESS ASSISTANCE GRANTS f 19:14 Jan 25, 2005 29 (INCLUDING TRANSFER OF FUNDS) The HOME Investment Partnerships program is authorized by the National Affordable Housing Act (P.L. 101–625). This program provides assistance to States and units of local government, through formula allocation, expanding the supply and affordability of housing. Eligible activities include acquisition, rehabilitation, and new construction of housing and tenant-based rental assistance. The 2006 request will result in the production of 82,420 units of affordable housing through new construction, rehabilitation, or acquisition. In addition, tenant-based rental assistance will be provided for 11,339 units. The $200 million American Dream Down Payment Initiative will help expand homeownership opportunities to 40,000 low-income first-time homebuyers and also support expansion of minority homeownership. The HOME request also includes $10 million for technical assistance. VerDate jul 14 2003 Obligated balance, end of year ................................ ................... ................... PO 00000 Frm 00017 Fmt 3616 For the emergency shelter grants program as authorized under subtitle B of title IV of the McKinney-Vento Homeless Assistance Act, as amended; the supportive housing program as authorized under subtitle C of title IV of such Act; the section 8 moderate rehabilitation single room occupancy program as authorized under the United States Housing Act of 1937, as amended, to assist homeless individuals pursuant to section 441 of the McKinney-Vento Homeless Assistance Act; and the shelter plus care program as authorized under subtitle F of title IV of such Act, ø$1,250,515,000¿ $1,415,000,000, of which ø$1,230,515,000¿ $1,395,000,000 shall remain available until September 30, ø2007¿ 2008, and of which $20,000,000 shall remain available until expended: Provided, That not less than 30 percent of funds made available, excluding amounts provided for renewals under the shelter plus care program, shall be used for permanent housing: Provided further, That all funds awarded for services shall be matched by 25 percent in funding by each grantee: Provided further, That the Secretary shall renew on an annual basis expiring contracts or amendments to contracts funded under the shelter plus 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 up to ø$11,500,000¿ $11,674,000 of the funds appropriated under this heading shall be Sfmt 3616 E:\BUDGET\HUD.XXX HUD COMMUNITY PLANNING AND DEVELOPMENT—Continued Federal Funds—Continued 544 THE BUDGET FOR FISCAL YEAR 2006 General and special funds—Continued HOMELESS ASSISTANCE GRANTS—Continued (INCLUDING TRANSFER OF FUNDS)—Continued available for the national homeless data analysis project and technical assistance: Provided further, That ø$2,500,000¿ $1,000,000 of the funds appropriated under this heading shall be transferred to the Working Capital Fund: Provided further, That all balances for Shelter Plus Care renewals previously funded from the Shelter Plus Care Renewal account øshall be¿ and transferred to this accountø, to¿ be available, if recaptured, for Shelter Plus Care renewals in fiscal year ø2005¿ 2006. In addition, $25,000,000 is provided for fiscal year 2006, to be transferred to ‘‘Training and Employment Services,’’ Employment and Training Administration, Department of Labor, and shall be for the Prisoner Re-Entry Initiative as established under that heading. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) Program and Financing (in millions of dollars) 2004 actual Identification code 86–0192–0–1–604 2005 est. 2006 est. 00.01 Obligations by program activity: Homeless assistance grants .......................................... 1,346 1,383 1,451 10.00 Total new obligations (object class 41.0) ................ 1,346 1,383 1,451 1,697 1,241 A major emphasis will be placed on permanent housing by requiring 30 percent of funds to be used for permanent housing. The Administration will propose legislation to combine HUD’s three competitive programs—Shelter Plus Care, Supportive Housing, and Section 8 Moderate Rehabilitation Single Room Occupancy into a single program with enough flexibility to better meet community needs. The Department continues to pursue expanded interagency efforts to meet the needs of the homeless. The new consolidated program will incorporate up to $200 million for the Samaritan Housing Initiative which will specifically address the supportive housing needs of chronically homeless individuals. Funding is also requested for technical assistance to provide needed assistance to grantees to resolve problems that hinder successful project completion and implementation, and for homeless management information systems (HMIS) support, including the continuing operation of tracking systems required by House Report 105–610. Funding of $25 million is included for a four year Prisoner Re-Entry Initiative, involving the Departments of Justice, Labor, and Housing and Urban Development, to help individuals exiting prison make a successful transition to community life and long-term employment. Upon enactment, these funds will be transferred to the Department of Labor. 1,616 1,440 Budgetary resources available for obligation: Unobligated balance carried forward, start of year 1,754 New budget authority (gross) ........................................ 1,260 Resources available from recoveries of prior year obligations ....................................................................... 47 22.22 Unobligated balance transferred from other accounts ................... 21.40 22.00 22.10 50 50 11 ................... 23.90 23.95 23.98 Total budgetary resources available for obligation Total new obligations .................................................... Unobligated balance expiring or withdrawn ................. 24.40 Unobligated balance carried forward, end of year 1,697 1,616 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 40.35 Appropriation permanently reduced .......................... 1,267 ¥7 1,251 1,440 ¥10 ................... 43.00 1,260 1,241 Appropriation (total discretionary) ........................ 3,061 2,999 3,106 ¥1,346 ¥1,383 ¥1,451 ¥18 ................... ................... Change in obligated balances: 72.40 Obligated balance, start of year ................................... 2,393 73.10 Total new obligations .................................................... 1,346 73.20 Total outlays (gross) ...................................................... ¥1,232 73.32 Obligated balance transferred from other accounts ................... 73.45 Recoveries of prior year obligations .............................. ¥47 1,655 1,440 2,460 2,507 1,383 1,451 ¥1,300 ¥1,431 14 ................... ¥50 ¥50 74.40 Obligated balance, end of year ................................ 2,460 2,507 2,477 86.90 86.93 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. 8 1,224 12 1,288 22 1,409 87.00 Total outlays (gross) ................................................. 1,232 1,300 1,431 f RURAL HOUSING AND ECONOMIC DEVELOPMENT øFor the Office of Rural Housing and Economic Development in the Department of Housing and Urban Development, $24,000,000 to remain available until expended, which amount shall be competitively awarded by September 1, 2005, to Indian tribes, State housing finance agencies, State community and/or economic development agencies, local rural nonprofits and community development corporations to support innovative housing and economic development activities in rural areas.¿ (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) Program and Financing (in millions of dollars) 2004 actual Identification code 86–0324–0–1–604 1,260 1,232 1,241 1,300 1,440 1,431 The Homeless Assistance Grants account funds the Shelter Plus Care, Supportive Housing, Emergency Shelter Grants, and Section 8 Moderate Rehabilitation Single Room Occupancy programs. These funds will enable localities to shape and implement comprehensive, flexible, coordinated approaches to address the multiple issues of homelessness. Many communities have made great strides in creating comprehensive approaches to ending chronic homelessness through the development of State Interagency Councils and local ten-year plans. Requested funding will be available for a wide range of activities to assist homeless persons and prevent future homelessness, and will support the Department’s effort to end chronic homelessness within a decade. VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 PO 00000 Frm 00018 Fmt 3616 2006 est. 00.01 Obligations by program activity: Rural Housing ................................................................ 24 51 ................... 10.00 Total new obligations (object class 41.0) ................ 24 51 ................... 21.40 22.00 22.10 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Resources available from recoveries of prior year obligations ....................................................................... 25 25 27 ................... 24 ................... 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 24.40 Net budget authority and outlays: 89.00 Budget authority ............................................................ 90.00 Outlays ........................................................................... 2005 est. Unobligated balance carried forward, end of year New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 1 ................... ................... 51 ¥24 51 ................... ¥51 ................... 27 ................... ................... 25 24 ................... 72.40 73.10 73.20 73.45 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. 74.40 Obligated balance, end of year ................................ 40 66 41 86.93 Outlays (gross), detail: Outlays from discretionary balances ............................. 23 25 25 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 25 23 24 ................... 25 25 Sfmt 3643 E:\BUDGET\HUD.XXX HUD 40 40 66 24 51 ................... ¥23 ¥25 ¥25 ¥1 ................... ................... COMMUNITY PLANNING AND DEVELOPMENT—Continued Federal Funds—Continued DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT The 2006 Budget proposes to consolidate the Rural Housing and Economic Development program into a new economic and community development program to be administered by the Department of Commerce. The new program would be designed to achieve greater results and focus on communities most in need of assistance. A 2006 PART assessment rated this program as ‘‘ineffective.’’ f URBAN DEVELOPMENT ACTION GRANTS Program and Financing (in millions of dollars) 2004 actual Identification code 86–0170–0–1–451 21.40 22.00 22.10 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Resources available from recoveries of prior year obligations ....................................................................... 2005 est. 2006 est. 35 7 7 ¥30 ................... ................... 2 ................... ................... 23.90 Total budgetary resources available for obligation 7 7 7 24.40 Unobligated balance carried forward, end of year 7 7 7 New budget authority (gross), detail: Discretionary: 40.36 Unobligated balance permanently reduced .............. Change in obligated balances: Obligated balance, start of year ................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. 10 7 7 ¥1 ................... ................... ¥2 ................... ................... 74.40 Obligated balance, end of year ................................ Shelter Plus Care provides rental assistance that, when combined with social services, supplies supportive housing for homeless people with disabilities and their families. Homeless people with disabilities often need more than shelter to live independently, such as medical care or other social services. Shelter Plus Care provides for a variety of housing choices such as group homes or individual units, coupled with a range of supportive services (which are funded by other sources). Grantees must match the rental assistance with supportive services that are at least equal in value to the amount of HUD’s rental assistance. The Shelter Plus Care renewal funding renews contracts on a one-year basis and provides funding to amend contracts that were previously extended but which will run out of funding. The 2002 VA HUD Appropriations Act (P.L. 107–73) provided funding for Shelter Plus Care in the Homeless Assistance Grants account. Shelter Plus Care Renewals are funded in the Homeless Assistance Grants account in 2006. The 2005 Appropriations Act transferred all remaining balances in this account to the Homeless Assistance Grant account where Shelter Plus Care renewals have been funded since 2003. f ¥30 ................... ................... 72.40 73.20 73.45 Public enterprise funds: REVOLVING FUND (LIQUIDATING PROGRAMS) Program and Financing (in millions of dollars) 2004 actual Identification code 86–4015–0–3–451 2005 est. 2006 est. 7 7 00.01 Obligations by program activity: Section 312 expenses .................................................... ................... 1 1 10.00 7 Outlays (gross), detail: 86.93 Outlays from discretionary balances ............................. Net budget authority and outlays: 89.00 Budget authority ............................................................ 90.00 Outlays ........................................................................... 545 Total new obligations (object class 32.0) ................ ................... 1 1 21 2 ¥10 13 1 ¥11 2 1 ¥1 Total budgetary resources available for obligation 13 Total new obligations .................................................... ................... 3 ¥1 2 ¥1 1 ................... ................... ¥30 ................... ................... 1 ................... ................... Title I of the Housing and Community Development Act of 1974, as amended, authorized grants to distressed cities and distressed urban counties to fund economic development projects. The program was terminated in 1990. f 21.40 22.00 22.40 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Capital transfer to general fund ................................... 23.90 23.95 24.40 Unobligated balance carried forward, end of year 13 2 1 New budget authority (gross), detail: Mandatory: 69.00 Offsetting collections (cash) ..................................... 2 1 1 Change in obligated balances: Obligated balance, start of year ................................... 3 Total new obligations .................................................... ................... Total outlays (gross) ...................................................... ¥1 2 1 ¥1 2 1 ¥1 SHELTER PLUS CARE RENEWALS Program and Financing (in millions of dollars) 2004 actual Identification code 86–0232–0–1–604 2005 est. 2006 est. Budgetary resources available for obligation: Unobligated balance carried forward, start of year 6 11 ................... Resources available from recoveries of prior year obligations ....................................................................... 5 ................... ................... 22.21 Unobligated balance transferred to other accounts ................... ¥11 ................... 21.40 22.10 23.90 Total budgetary resources available for obligation 11 ................... ................... 24.40 Unobligated balance carried forward, end of year 11 ................... ................... 72.40 73.20 73.31 73.45 Change in obligated balances: Obligated balance, start of year ................................... 25 14 Total outlays (gross) ...................................................... ¥6 ................... Obligated balance transferred to other accounts ......... ................... ¥14 Recoveries of prior year obligations .............................. ¥5 ................... ................... ................... ................... ................... 72.40 73.10 73.20 74.40 Obligated balance, end of year ................................ 2 2 2 86.98 Outlays (gross), detail: Outlays from mandatory balances ................................ 1 1 1 Offsets: Against gross budget authority and outlays: 88.40 Offsetting collections (cash) from: Non-Federal sources .................................................................. ¥2 ¥1 ¥1 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ ................... ................... ................... Outlays ........................................................................... ¥1 ................... ................... Status of Direct Loans (in millions of dollars) 74.40 Obligated balance, end of year ................................ 14 ................... ................... 2004 actual Identification code 86–4015–0–3–451 Outlays (gross), detail: 86.93 Outlays from discretionary balances ............................. 89.00 90.00 6 ................... ................... Net budget authority and outlays: Budget authority ............................................................ ................... ................... ................... Outlays ........................................................................... 6 ................... ................... VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 PO 00000 Frm 00019 Fmt 3616 Cumulative balance of direct loans outstanding: 1210 Outstanding, start of year ............................................. 7 1251 Repayments: Repayments and prepayments ................. ¥1 1263 Write-offs for default: Direct loans ............................... ................... 1290 Sfmt 3643 Outstanding, end of year .......................................... E:\BUDGET\HUD.XXX HUD 6 2005 est. 2006 est. 6 ¥1 ¥1 4 ¥1 ¥1 4 2 COMMUNITY PLANNING AND DEVELOPMENT—Continued Federal Funds—Continued 546 THE BUDGET FOR FISCAL YEAR 2006 Public enterprise funds—Continued 21.40 22.00 REVOLVING FUND (LIQUIDATING PROGRAMS)—Continued 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. Balance Sheet (in millions of dollars) 2003 actual Identification code 86–4015–0–3–451 ASSETS: 1101 Federal assets: Fund balances with Treasury .............. 1207 Non-Federal assets: Advances and prepayments ......... Net value of assets related to pre–1992 direct loans receivable and acquired defaulted guaranteed loans receivable: 1601 Direct loans, gross ................................................... 1603 Allowance for estimated uncollectible loans and interest (–) ........................................................... 2004 actual 24 1 15 ....................... 7 6 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ 23.90 23.95 23.98 5 33 5 4 9 ................... Total budgetary resources available for obligation 38 14 4 Total new obligations .................................................... ¥33 ¥10 ................... Unobligated balance expiring or withdrawn ................. ................... ................... ¥4 24.40 Unobligated balance carried forward, end of year 5 4 ................... New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. Mandatory: 60.00 Appropriation ............................................................. 7 7 ................... 26 2 ................... 70.00 Total new budget authority (gross) .......................... 33 9 ................... 72.40 73.10 73.20 73.40 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Adjustments in expired accounts (net) ......................... 19 16 16 33 10 ................... ¥33 ¥10 ¥7 ¥3 ................... ................... –7 –6 1604 1606 Direct loans and interest receivable, net ....... Foreclosed property ................................................... ........................ 2 ....................... 2 74.40 Obligated balance, end of year ................................ 16 1699 Value of assets related to direct loans ......... 2 2 Total assets ............................................................... LIABILITIES: Non-Federal liabilities: 2201 Accounts payable ...................................................... 2207 Other .......................................................................... 27 17 86.90 86.93 86.97 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. Outlays from new mandatory authority ......................... 1 6 26 1 8 ....................... 1 87.00 Total outlays (gross) ................................................. 33 10 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 33 33 9 ................... 10 7 1999 2999 Total liabilities .......................................................... NET POSITION: 3100 Appropriated capital ........................................................ 3300 Cumulative results of operations ................................... 9 1 2 16 3 13 3999 Total net position ..................................................... 18 16 4999 Total liabilities and net position ................................... 27 17 f Credit accounts: COMMUNITY DEVELOPMENT LOAN GUARANTEES PROGRAM ACCOUNT (INCLUDING TRANSFER OF FUNDS) øFor the cost of guaranteed loans, $6,000,000, to remain available until September 30, 2006, as authorized by section 108 of the Housing and Community Development Act of 1974, as amended: Provided, That such costs, including the cost of modifying such loans, 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 total loan principal, any part of which is to be guaranteed, not to exceed $275,000,000, notwithstanding any aggregate limitation on outstanding obligations guaranteed in section 108(k) of the Housing and Community Development Act of 1974, as amended.¿ øIn addition, for administrative expenses to carry out the guaranteed loan program, $1,000,000, which shall be transferred to and merged with the appropriation for ‘‘Salaries and expenses’’.¿ (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) General Fund Credit Receipt Accounts (in millions of dollars) 2004 actual Identification code 86–0198–0–1–451 0101 Negative subsidies/subsidy reestimates ....................... 7 2005 est. 2006 est. 15 ................... Program and Financing (in millions of dollars) 2004 actual Identification code 86–0198–0–1–451 2005 est. 2006 est. Obligations by program activity: Community development loan guarantee credit subsidy ............................................................................ 00.07 Upward Reestimate of Loan Guarantee ........................ 00.08 Interest on reestimate ................................................... 00.09 Administrative expense .................................................. 6 7 ................... 24 2 ................... 2 ................... ................... 1 1 ................... 10.00 33 00.02 Total new obligations (object class 33.0) ................ VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 PO 00000 10 ................... Frm 00020 Fmt 3616 16 9 2 ................... 6 7 2 ................... 7 Guaranteed Loans.—No funds are requested for the Community Development Loan Guarantee program (Section 108) in 2006. The purposes of this program will be met by a new economic and community development program to be administered by the Department of Commerce. Section 108 loan guarantees have been used by Community Development Block Grant entitlement and nonentitlement communities (assisted by their State) for economic development activities, acquisition of real property, rehabilitation of publicly owned real property, and housing rehabilitation. Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars) 2004 actual Identification code 86–0198–0–1–451 Guaranteed loan levels supportable by subsidy budget authority: 215001 Community development loan guarantee levels ........... 2005 est. 2006 est. 287 275 ................... 287 275 ................... 2.30 2.30 0.00 232901 Weighted average subsidy rate ..................................... Guaranteed loan subsidy budget authority: 233001 Community development loan guarantee levels ........... 2.30 2.30 0.00 6 6 ................... 233901 Total subsidy budget authority ...................................... Guaranteed loan subsidy outlays: 234001 Community development loan guarantee levels ........... 6 6 ................... 6 7 7 234901 Total subsidy outlays ..................................................... Guaranteed loan upward reestimate subsidy budget authority: 235001 Community development loan guarantee levels ........... 6 7 7 215901 Total loan guarantee levels ........................................... Guaranteed loan subsidy (in percent): 232001 Community development loan guarantee levels ........... 26 2 ................... 235901 Total upward reestimate budget authority .................... Guaranteed loan downward reestimate subsidy budget authority: 237001 Community development loan guarantee levels ........... 26 2 ................... ¥7 ¥15 ................... 237901 Total downward reestimate subsidy budget authority ¥7 ¥15 ................... Administrative expense data: 351001 Budget authority ............................................................ 359001 Outlays from new authority ........................................... 1 1 1 ................... 1 ................... Sfmt 3643 E:\BUDGET\HUD.XXX HUD COMMUNITY PLANNING AND DEVELOPMENT—Continued Federal Funds—Continued DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 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), as well as administrative expenses for this program. The subsidy amounts are estimated on a present value basis; the administrative expenses are estimated on a cash basis. 547 2210 2231 2251 Cumulative balance of guaranteed loans outstanding: Outstanding, start of year ............................................. Disbursements of new guaranteed loans ...................... Repayments and prepayments ...................................... 2,183 312 ¥194 2,301 312 ¥250 2,363 312 ¥300 2290 Outstanding, end of year .......................................... 2,301 2,363 2,375 2299 Memorandum: Guaranteed amount of guaranteed loans outstanding, end of year ................................................................ 2,301 2,363 2,375 f Balance Sheet (in millions of dollars) COMMUNITY DEVELOPMENT LOAN GUARANTEES FINANCING ACCOUNT 2004 actual Identification code 86–4096–0–3–451 2003 actual Identification code 86–4096–0–3–451 Program and Financing (in millions of dollars) 2005 est. 2006 est. 1101 ASSETS: Federal assets: Fund balances with Treasury .............. 2004 actual 46 75 Total assets ............................................................... LIABILITIES: 2204 Non-Federal liabilities: Liabilities for loan guarantees 46 75 46 75 2999 Total liabilities .......................................................... 46 75 Total liabilities and net position ................................... 46 75 1999 Obligations by program activity: Payment of Downward Reestimate to Receipt Account Payment of Downward Reestimate to Receipt Account (Interest) .................................................................... 5 12 ................... 2 3 ................... Total new obligations ................................................ 7 15 ................... 4999 Budgetary resources available for obligation: 21.40 Unobligated balance carried forward, start of year 22.00 New financing authority (gross) .................................... 65 32 90 12 Guaranteed loans.—The Community Development Loan Guarantees program has provided a mechanism for the Federal guarantee of private loans. An accompanying liquidating account shows activity for Federal Financing Bank (FFB) direct loan activity, obligated prior to July 1, 1986. The following is a status of privately financed guaranteed loan commitments made prior to 1992. No funding is requested for new section 108 loans in 2006. 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. 08.02 08.04 10.00 87 10 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 97 ¥7 24.40 Unobligated balance carried forward, end of year 90 87 97 New financing authority (gross), detail: Mandatory: 69.00 Offsetting collections (cash) ..................................... 69.10 Change in uncollected customer payments from Federal sources (unexpired) .................................. 35 12 10 69.90 72.40 73.10 73.20 74.00 74.40 87.00 ¥3 ................... ................... Spending authority from offsetting collections (total mandatory) ............................................. Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total financing disbursements (gross) ......................... Change in uncollected customer payments from Federal sources (unexpired) ............................................ Obligated balance, end of year ................................ Total financing disbursements (gross) ......................... 102 97 ¥15 ................... 32 12 ¥19 7 ¥6 10 ¥15 ¥7 15 ................... ¥7 ¥7 f 3 ................... ................... ¥15 6 ¥7 7 Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: 88.00 Federal Sources: Payments from Program Account ................................................................. ................... ¥7 ¥7 88.00 Federal sources: Upward reestimate (Interest) .... ¥30 ¥2 ................... 88.00 Federal sources ..................................................... ¥2 ................... ................... 88.25 Interest on uninvested funds ............................... ¥3 ¥3 ¥3 88.90 88.95 89.00 90.00 Total, offsetting collections (cash) .................. Against gross financing authority only: Change in receivables from program accounts ....... ¥35 ¥12 2005 est. VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 287 287 PO 00000 2006 est. 287 ................... 287 ................... Frm 00021 2005 est. 2006 est. 3 ................... ................... ¥1 ................... ................... ¥2 ................... ................... Spending authority from offsetting collections (total mandatory) ............................................. ................... ................... ................... 72.40 74.00 Change in obligated balances: Obligated balance, start of year ................................... Change in uncollected customer payments from Federal sources (unexpired) ............................................ 74.40 Position with respect to appropriations act limitation on commitments: 2111 Limitation on guaranteed loans made by private lenders .............................................................................. 275 275 ................... 2121 Limitation available from carry-forward ....................... 237 223 211 2142 Uncommitted loan guarantee limitation ....................... ................... ................... ¥211 2143 Uncommitted limitation carried forward ....................... ¥225 ¥211 ................... Total guaranteed loan commitments ........................ Guaranteed amount of guaranteed loan commitments New budget authority (gross), detail: Mandatory: 69.00 Offsetting collections (cash) ..................................... 69.10 Change in uncollected customer payments from Federal sources (unexpired) .................................. 69.47 Portion applied to repay debt ................................... 69.90 2004 actual 2004 actual Identification code 86–4097–0–3–451 3 ................... ................... Status of Guaranteed Loans (in millions of dollars) 2150 2199 Program and Financing (in millions of dollars) ¥10 Net financing authority and financing disbursements: Financing authority ........................................................ ................... ................... ................... Financing disbursements ............................................... ¥29 ¥5 ¥3 Identification code 86–4096–0–3–451 COMMUNITY DEVELOPMENT LOAN GUARANTEES LIQUIDATING ACCOUNT ¥14 7 Fmt 3616 Obligated balance, end of year ................................ Offsets: Against gross budget authority and outlays: 88.40 Offsetting collections (cash) from: Non-Federal sources .................................................................. Against gross budget authority only: 88.95 Change in uncollected customer payments from Federal sources (unexpired) .................................. 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... Sfmt 3643 E:\BUDGET\HUD.XXX HUD ¥6 ¥5 ¥5 1 ................... ................... ¥5 ¥5 ¥5 ¥3 ................... ................... 1 ................... ................... ¥2 ................... ................... ¥3 ................... ................... COMMUNITY PLANNING AND DEVELOPMENT—Continued Federal Funds—Continued 548 THE BUDGET FOR FISCAL YEAR 2006 Credit accounts—Continued HOUSING PROGRAMS COMMUNITY DEVELOPMENT LOAN GUARANTEES LIQUIDATING ACCOUNT—Continued Federal Funds General and special funds: Status of Direct Loans (in millions of dollars) 2004 actual Identification code 86–4097–0–3–451 1210 1251 1290 Cumulative balance of direct loans outstanding: Outstanding, start of year ............................................. Repayments: Repayments and prepayments ................. HOUSING 2005 est. 2 ................... ................... ¥2 ................... ................... Outstanding, end of year .......................................... ................... ................... ................... Status of Guaranteed Loans (in millions of dollars) 2004 actual Identification code 86–4097–0–3–451 Cumulative balance of guaranteed loans outstanding: 2210 Outstanding, start of year ............................................. 2251 Repayments and prepayments ...................................... 2005 est. 2006 est. 47 ¥8 39 ¥15 24 ¥15 2290 Outstanding, end of year .......................................... 39 24 9 2299 Memorandum: Guaranteed amount of guaranteed loans outstanding, end of year ................................................................ 39 24 9 Balance Sheet (in millions of dollars) 2003 actual Identification code 86–4097–0–3–451 ASSETS: Federal assets: 1101 Fund balances with Treasury .................................. Investments in US securities: 1106 Receivables, net ................................................. Net value of assets related to pre–1992 direct loans receivable and acquired defaulted guaranteed loans receivable: 1701 Defaulted guaranteed loans, gross ......................... FOR THE ELDERLY (INCLUDING TRANSFER OF FUNDS) 2006 est. 2004 actual –6 –5 6 5 2 ....................... Defaulted guaranteed loans and interest receivable, net ................................................. 2 ....................... Value of assets related to loan guarantees .. 2 ....................... Total assets ............................................................... LIABILITIES: 2103 Federal liabilities: Debt ................................................... 2 ....................... 2 ....................... 2999 Total liabilities .......................................................... 2 ....................... 4999 Total liabilities and net position ................................... 2 ....................... For 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 supportive services associated with the housing, ø$747,000,000¿ $741,000,000, to remain available until September 30, ø2008¿ 2009, of which amount ø$50,000,000¿ $53,000,000 shall be for service coordinators and the continuation of existing congregate service grants for residents of assisted housing projects, and of which amount up to ø$25,000,000¿ $30,000,000 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 or related use and for emergency capital repairs as determined by the Secretary: Provided, That øof the amount¿ amounts made available under this heading, ø$18,000,000 shall be available to the Secretary of Housing and Urban Development only for making competitive grants to private nonprofit organizations and consumer cooperatives for covering costs of architectural and engineering work, site control, and other planning relating to the development of supportive housing for the elderly that is eligible for assistance under section 202 of the Housing Act of 1959 (12 U.S.C. 1701q)¿ shall be available for Real Estate Assessment Center inspections and inspection-related activities associated with section 202 capital advance projects: Provided further, That $450,000 shall be transferred to the Working Capital Fund: 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. øTitle II of the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2004, is amended under this heading by striking the fourth proviso.¿ (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) 1704 1799 1999 Program and Financing (in millions of dollars) 2004 actual Identification code 86–0320–0–1–604 2005 est. 2006 est. 00.01 VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 PO 00000 Frm 00022 Fmt 3616 1,259 747 741 10.00 No funding is requested for new Section 108 loans in 2006. As required by the Federal Credit Reform Act of 1990, this account records all cash flows to and from the Government resulting from Federal Financing Bank (FFB) direct loans for which loan guarantees were committed prior to 1992. This account is shown on a cash basis. Guaranteed loans.—Guaranteed loan assistance under the Community Development Loan Guarantees program was provided to eligible communities to finance economic development activities, housing rehabilitation, development or expansion of public facilities, acquisition of real property, rehabilitation of publicly owned real property, and certain related expenses. In the past, the FFB financed these guaranteed loans. The Consolidated Omnibus Budget Reconciliation Act of 1985 required private financing of all loan guarantees committed after July 1, 1986. FFB will continue disbursing loans for commitments approved prior to July 1, 1986. The activity shown in the above account reflects privately financed guaranteed loans for which commitments were made prior to 1992. Obligations by program activity: Elderly and disabled housing grants ............................ Total new obligations (object class 41.0) ................ 1,259 747 741 Budgetary resources available for obligation: Unobligated balance carried forward, start of year 1,897 1,392 1,260 New budget authority (gross) ........................................ 773 741 741 Resources available from recoveries of prior year obligations ....................................................................... 23 ................... ................... 22.21 Unobligated balance transferred to other accounts ................... ¥126 ................... 21.40 22.00 22.10 23.90 23.95 23.98 Total budgetary resources available for obligation Total new obligations .................................................... Unobligated balance expiring or withdrawn ................. 24.40 Unobligated balance carried forward, end of year 1,392 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 40.35 Appropriation permanently reduced .......................... 778 ¥5 747 741 ¥6 ................... 43.00 773 741 72.40 73.10 73.20 73.31 73.45 Appropriation (total discretionary) ........................ 2,693 2,007 2,001 ¥1,259 ¥747 ¥741 ¥43 ................... ................... 1,260 1,260 741 Change in obligated balances: Obligated balance, start of year ................................... 5,227 5,367 4,112 Total new obligations .................................................... 1,259 747 741 Total outlays (gross) ...................................................... ¥1,096 ¥875 ¥875 Obligated balance transferred to other accounts ......... ................... ¥1,127 ................... Recoveries of prior year obligations .............................. ¥23 ................... ................... 74.40 Sfmt 3643 Obligated balance, end of year ................................ E:\BUDGET\HUD.XXX HUD 5,367 4,112 3,978 HOUSING PROGRAMS—Continued Federal Funds—Continued DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 86.90 86.93 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. 24.40 87.00 Total outlays (gross) ................................................. 1,096 875 875 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 773 1,096 741 875 741 875 2 ................... ................... 1,094 875 875 This account consolidates funds activity under the Section 202 Housing for the Elderly Program. It funds capital grants for construction of low-income housing, operating subsidies, conversion of existing properties to assisted living, and Service coordinators. Unobligated balance carried forward, end of year 202 326 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 40.35 Appropriation permanently reduced .......................... 251 ¥2 240 120 ¥2 ................... 43.00 249 238 72.40 73.10 73.20 73.32 FOR 86.90 86.93 PERSONS WITH DISABILITIES Change in obligated balances: Obligated balance, start of year ................................... ................... Total new obligations .................................................... 47 Total outlays (gross) ...................................................... ¥2 Obligated balance transferred from other accounts ................... Obligated balance, end of year ................................ 45 326 120 45 1,157 240 120 ¥255 ¥258 1,127 ................... 1,157 1,019 Outlays (gross), detail: Outlays from new discretionary authority ..................... 2 ................... ................... Outlays from discretionary balances ............................. ................... 255 258 87.00 (INCLUDING TRANSFER OF FUNDS) For øcapital advance contracts, including amendments to capital advance contracts, for supportive housing for persons with disabilities, as authorized by section 811 of the Cranston-Gonzalez National Affordable Housing Act, 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, and for tenant-based rental assistance contracts entered into pursuant to section 811 of such Act, $240,000,000¿ tenant-based rental assistance, renewal and amendment of tenant-based contracts, and the renewal of project-based rental assistance contracts, $119,900,000, to remain available until September 30, 2009: Provided, That $450,000 shall be transferred to the Working Capital Fund: Provided further, That, of the amount provided under this heading ø$28,890,000¿ $80,000,000 shall be for amendments øto existing¿ or renewal of tenant-based assistance contracts entered into prior to fiscal year ø2004¿ 2005 (only one amendment authorized for any such contract): Provided further, That of the amount provided under this heading, the Secretary may make available up to ø$10,000,000¿ $34,000,000 for incremental tenant-based rental assistance, as authorized by section 811 of such Act (which assistance is 5 years in duration): Provided further, That all tenant-based assistance made available under this heading shall continue to remain available only to persons with disabilities: Provided further, That the Secretary may waive the provisions of section 811 governing the terms and conditions of project rental assistance and tenant-based 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. øTitle II of the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2004, is amended under this heading by striking the fourth proviso and inserting ‘‘Provided further, That all section 811 balances outstanding, as of September 30, 2003, shall be transferred to the appropriation under this heading.’’¿. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) Total outlays (gross) ................................................. 2 255 258 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 249 2 238 255 120 258 This account consolidates all activities funded under section 811, Housing for Persons With Disabilities program, including new capital grants, project rental assistance, main stream vouchers, and renewal and amendments as appropropriate. f HOUSING COUNSELING ASSISTANCE For contract, grants, and other assistance other than loans, as authorized under section 106 of the Housing and Urban Development Act of 1968, as amended $39,700,000, to remain available until September 30, 2007: 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 and such other matters as may be appropriate to assist them in improving their housing conditions and meeting the responsibilities of tenancy or homeownership, including provisions for training and for support of voluntary agencies and services. Program and Financing (in millions of dollars) 2004 actual Identification code 86–0156–0–1–604 2005 est. 2006 est. 00.01 Obligations by program activity: Housing Assistance ........................................................ ................... ................... 5 10.00 Total new obligations (object class 41.0) ................ ................... ................... 5 21.40 22.00 Budgetary resources available for obligation: Unobligated balance carried forward, start of year ................... ................... ................... New budget authority (gross) ........................................ ................... ................... 40 2004 actual 2005 est. 23.90 23.95 Total budgetary resources available for obligation ................... ................... Total new obligations .................................................... ................... ................... 40 ¥5 24.40 Unobligated balance carried forward, end of year ................... ................... 35 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. ................... ................... 40 73.10 73.20 Program and Financing (in millions of dollars) Identification code 86–0237–0–1–604 Appropriation (total discretionary) ........................ 74.40 f HOUSING 549 Change in obligated balances: Total new obligations .................................................... ................... ................... Total outlays (gross) ...................................................... ................... ................... 5 ¥4 2006 est. Obligations by program activity: 00.01 Housing for the Disabled ............................................... 47 240 120 10.00 47 240 120 86.90 Outlays (gross), detail: Outlays from new discretionary authority ..................... ................... ................... 4 202 326 238 120 126 ................... 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ ................... ................... Outlays ........................................................................... ................... ................... 40 4 21.40 22.00 22.22 23.90 23.95 Total new obligations (object class 41.0) ................ Budgetary resources available for obligation: Unobligated balance carried forward, start of year ................... New budget authority (gross) ........................................ 249 Unobligated balance transferred from other accounts ................... Total budgetary resources available for obligation Total new obligations .................................................... VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 249 ¥47 PO 00000 566 ¥240 Frm 00023 446 ¥120 Fmt 3616 The Housing Counseling Assistance Program provides comprehensive housing counseling services to eligible homeowners Sfmt 3616 E:\BUDGET\HUD.XXX HUD HOUSING PROGRAMS—Continued Federal Funds—Continued 550 THE BUDGET FOR FISCAL YEAR 2006 General and special funds—Continued HOUSING COUNSELING ASSISTANCE—Continued and tenants, including home purchase, financial management, and rental counseling. This program has been funded through a set-aside under the HOME program appropriation for the past several years. However, in 2006, it is being proposed as a stand alone account. 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 the homeless. The primary objectives of the program are to expand homeownership opportunities, improve access to affordable housing and aid in HUD’s commitment to bridging the gap of homeownership of minorities and other underserved groups in comparison to the National homeownership rate. f OTHER ASSISTED HOUSING PROGRAMS RENTAL HOUSING ASSISTANCE For 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. 1715 z–1) in Stateaided, non-insured rental housing projects, $26,400,000, to remain available until expended. 93.01 93.02 93.03 93.04 Unobligated balance, start of year: Contract Unobligated balance, end of year: Contract Obligated balance, start of year: Contract Obligated balance, end of year: Contract 2004 actual ................... ................... ................... 311 ................... ................... ................... 6,017 SUMMARY OF OUTLAYS 1 2005 est. (in millions of dollars) 2006 est. 2004 actual Obligations by program activity: 00.01 Rent supplement ............................................................ 00.02 Homeownership and rental housing assistance (Sections 235 and 236) ................................................... 31 36 8 530 629 19 10.00 Total new obligations (object class 41.0) ................ 561 665 27 21.40 22.00 22.10 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Resources available from recoveries of prior year obligations ....................................................................... 1,392 413 1,414 ¥400 Subsidized housing programs, total ........................................... Low-income housing assistance (sec. 8) ................................... Public housing capital fund ....................................................... Rent supplement ......................................................................... Homeownership assistance (sec. 235) ....................................... Rental housing assistance (sec. 236) ........................................ College housing grants ............................................................... 349 26 1 Includes 170 ................... ................... 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 1,975 ¥561 1,014 ¥665 24.40 Unobligated balance carried forward, end of year 1,414 349 348 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 676 578 40.00 Appropriation ............................................................. ................... ................... 40.49 Portion applied to liquidate contract authority ........ ¥676 ¥578 578 26 ¥578 413 ¥400 ................... 70.00 Total new budget authority (gross) .......................... 413 ¥400 72.40 73.10 73.20 73.45 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. 74.40 Obligated balance, end of year ................................ 26 6,761 6,522 6,586 561 665 27 ¥630 ¥601 ¥589 ¥170 ................... ................... 6,586 6,024 Outlays (gross), detail: Outlays from new discretionary authority ..................... ................... ................... Outlays from discretionary balances ............................. 630 601 16 573 6,522 87.00 Total outlays (gross) ................................................. 630 601 589 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 413 630 ¥400 601 26 589 19:14 Jan 25, 2005 Jkt 205782 28,354 24,025 3,740 52 3 524 10 outlays for contract renewals. HOMEOWNERSHIP AND OPPORTUNITY FOR PEOPLE GRANTS (HOPE Grants) EVERYWHERE Program and Financing (in millions of dollars) 2004 actual Identification code 86–0196–0–1–604 21.40 22.10 2005 est. 2006 est. Budgetary resources available for obligation: Unobligated balance carried forward, start of year ................... 2 2 Resources available from recoveries of prior year obligations ....................................................................... 1 ................... ................... PO 00000 Frm 00024 Fmt 3616 Total budgetary resources available for obligation 1 2 2 24.40 Unobligated balance carried forward, end of year 2 2 2 72.40 73.20 73.45 Change in obligated balances: Obligated balance, start of year ................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. 74.40 Contract authority (total discretionary) ................ VerDate jul 14 2003 2006 est. 27,218 22,874 3,743 54 4 533 10 23.90 Appropriation (total discretionary) ........................ ................... ................... 26 Contract authority ..................................................... 495 ................... ................... Contract authority permanently reduced .................. ¥82 ¥400 ................... 49.90 86.90 86.93 2005 est. 26,400 22,356 3,414 56 5 559 10 f 375 ¥27 43.00 49.00 49.35 311 311 6,017 5,452 The Other Assisted Housing Account contains the programs listed below: Rent supplement.—Rent supplement assistance payments will continue to be made on behalf of qualified low-income tenants in approximately 17,290 units which have not converted to section 8. Section 235.—The Housing and Urban-Rural Recovery Act of 1983 (Public Law 98–181) authorized a restructured section 235 (Homeownership Assistance) program based on a 10-year interest reduction subsidy. This replaced earlier versions of the program, the original and the revised versions. All were below interest rate mortgages for single family homes. Section 236.—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. The table below reflects the consolidated outlay total for: the Housing Certificate Fund; Tenant-Based Rental Assistance; Project-Based Rental Assistance; the Public Housing Capital Fund; and the Other Assisted Housing account. Program and Financing (in millions of dollars) Identification code 86–0206–0–1–999 authority authority authority authority Obligated balance, end of year ................................ 12 10 8 86.93 Outlays (gross), detail: Outlays from discretionary balances ............................. 2 2 2 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ ................... ................... ................... Outlays ........................................................................... 2 2 2 16 12 10 ¥2 ¥2 ¥2 ¥1 ................... ................... The Homeownership and Opportunity for People Everywhere Program provided affordable homeownership opportunities for low-income families. Units were converted to homeownership from public and Indian housing properties in HOPE 1, from FHA-insured and Government-held multifamily properties in HOPE 2, and from Government-owned Sfmt 3616 E:\BUDGET\HUD.XXX HUD HOUSING PROGRAMS—Continued Federal Funds—Continued DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT or -held single family properties in HOPE 3. 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. No funding is being requested for 2006. This schedule reflects the liquidation of prior year balances. f PAYMENT TO MANUFACTURED HOUSING FEES TRUST FUND Program and Financing (in millions of dollars) 2004 actual Identification code 86–0234–0–1–376 2005 est. 2006 est. 21.40 22.00 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ 23.90 Total budgetary resources available for obligation 13 13 13 24.40 Unobligated balance carried forward, end of year 13 13 13 9 13 13 4 ................... ................... New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 89.00 90.00 23.95 Total new obligations .................................................... ¥14 ¥5 ¥5 24.40 Unobligated balance carried forward, end of year 7 16 25 New budget authority (gross), detail: Mandatory: 69.00 Offsetting collections (cash) ..................................... 5 14 14 Change in obligated balances: Obligated balance, start of year ................................... ................... ................... Total new obligations .................................................... 14 5 Total outlays (gross) ...................................................... ¥14 ¥14 ¥9 5 ¥14 ¥9 ¥18 72.40 73.10 73.20 74.40 For necessary expenses as authorized by the National Manufactured Housing Construction and Safety Standards Act of 1974, as amended (42 U.S.C. 5401 et seq.), up to $13,000,000 to remain available until expended, 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 ø2005¿ 2006 so as to result in a final fiscal year ø2005¿ 2006 appropriation from the general fund estimated at not more than $0 and fees pursuant to such section 620 shall be modified as necessary to ensure such a final fiscal year ø2005¿ 2006 appropriation. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) 4 ................... ................... Net budget authority and outlays: Budget authority ............................................................ 4 ................... ................... Outlays ........................................................................... ................... ................... ................... 86.93 86.97 Obligated balance, end of year ................................ ................... Outlays (gross), detail: Outlays from discretionary balances ............................. 14 ................... ................... Outlays from new mandatory authority ......................... ................... 14 14 87.00 Total outlays (gross) ................................................. 14 14 14 Offsets: Against gross budget authority and outlays: 88.40 Offsetting collections (cash) from: Non-Federal sources .................................................................. ¥5 ¥14 ¥14 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ ................... ................... ................... Outlays ........................................................................... 8 ................... ................... 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. This Budget proposes that the resources from the Rental Housing Assistance Fund continue to be transferred to the Flexible Subsidy Fund, with the exception of amounts required to make refunds of excess income remittances as authorized by Public Law 106–569. f Object Classification (in millions of dollars) Public enterprise funds: 25.2 94.0 ø(RESCISSION)¿ øOf the amounts made available under the heading ‘‘Rent Supplement’’ in Public Law 98–63 for 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, up to $675,000,000 is cancelled.¿ (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) Program and Financing (in millions of dollars) 2004 actual Identification code 86–4041–0–3–604 10.00 2005 est. 2006 est. Obligations by program activity: Refunds of Excess Income ............................................. ................... 5 5 Payments to Flexible Subsidy Fund ............................... 14 ................... ................... Total new obligations ................................................ 14 5 7 14 16 14 23.90 20 21 30 19:14 Jan 25, 2005 Jkt 205782 PO 00000 99.9 Total new obligations ................................................ Frm 00025 Fmt 3616 2005 est. 2006 est. 1 5 5 13 ................... ................... 14 5 5 f FLEXIBLE SUBSIDY FUND (TRANSFER OF FUNDS) From the Rental Housing Assistance Fund, all uncommitted balances of excess rental charges as of September 30, ø2004¿ 2005, and any collections made during fiscal year ø2005¿ 2006 and all subsequent fiscal years, shall be transferred to the Flexible Subsidy Fund, as authorized by section 236(g) of the National Housing Act, as amended. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) Program and Financing (in millions of dollars) 2004 actual Identification code 86–4044–0–3–604 15 5 Total budgetary resources available for obligation Refund of Excess Income .............................................. Payments to Flexible Subsidy Fund ............................... 5 Budgetary resources available for obligation: 21.40 Unobligated balance carried forward, start of year 22.00 New budget authority (gross) ........................................ VerDate jul 14 2003 2004 actual Identification code 86–4041–0–3–604 RENTAL HOUSING ASSISTANCE FUND 09.01 09.02 551 21.40 22.00 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Sfmt 3643 E:\BUDGET\HUD.XXX HUD 7 35 2005 est. 42 20 2006 est. 62 20 HOUSING PROGRAMS—Continued Federal Funds—Continued 552 THE BUDGET FOR FISCAL YEAR 2006 Public enterprise funds—Continued 2207 FLEXIBLE SUBSIDY FUND—Continued 2999 Total liabilities .......................................................... NET POSITION: 3100 Appropriated capital ........................................................ 3300 Cumulative results of operations ................................... (TRANSFER OF FUNDS)—Continued Program and Financing (in millions of dollars)—Continued 2004 actual Identification code 86–4044–0–3–604 LIABILITIES: Non-Federal liabilities: Other .......................................... 2005 est. 2006 est. 23.90 Total budgetary resources available for obligation 42 62 82 24.40 Unobligated balance carried forward, end of year 42 62 –308 524 –308 552 Total net position ..................................................... 216 244 4999 Total liabilities and net position ................................... 216 247 f NEHEMIAH HOUSING OPPORTUNITY FUND 35 20 Program and Financing (in millions of dollars) 20 2004 actual Identification code 86–4071–0–3–604 Change in obligated balances: 72.40 Obligated balance, start of year ................................... 2 73.20 Total outlays (gross) ...................................................... ................... 2 ¥20 ¥18 ¥20 74.40 Obligated balance, end of year ................................ ¥18 ¥38 86.90 86.93 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. 87.00 3 3 3999 82 New budget authority (gross), detail: Discretionary: 68.00 Spending authority from offsetting collections (gross): Offsetting collections (cash) ................... ........................ ........................ 2 21.40 22.10 2005 est. 2006 est. Budgetary resources available for obligation: Unobligated balance carried forward, start of year ................... 2 2 Resources available from recoveries of prior year obligations ....................................................................... 2 ................... ................... 23.90 Total outlays (gross) ................................................. ................... 20 Total budgetary resources available for obligation 2 2 2 24.40 Unobligated balance carried forward, end of year 2 2 2 72.40 73.20 73.45 35 20 20 ¥35 ................... ................... Change in obligated balances: Obligated balance, start of year ................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. 20 10 9 9 1 ................... ................... ¥2 ................... ................... Offsets: Against gross budget authority and outlays: Offsetting collections (cash) from: 88.00 Federal sources ..................................................... 88.40 Non-Federal sources ............................................. ¥13 ¥22 ¥12 ¥8 ¥12 ¥8 74.40 Obligated balance, end of year ................................ 88.90 ¥35 ¥20 ¥20 86.93 Outlays (gross), detail: Outlays from discretionary balances ............................. 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ ................... ................... ................... Outlays ........................................................................... ¥1 ................... ................... 89.00 90.00 Total, offsetting collections (cash) .................. Net budget authority and outlays: Budget authority ............................................................ ................... ................... ................... Outlays ........................................................................... ¥34 ................... ................... Status of Direct Loans (in millions of dollars) 2004 actual Identification code 86–4044–0–3–604 1210 1231 1251 1264 1290 2005 est. 2006 est. Cumulative balance of direct loans outstanding: Outstanding, start of year ............................................. 656 707 703 Disbursements: Direct loan disbursements ................... ................... ................... ................... Repayments: Repayments and prepayments ................. ¥14 ¥4 ¥4 Write-offs for default: Writeoff for default: Other adjustments, net ........................................................... 65 ................... ................... Outstanding, end of year .......................................... 707 703 9 9 9 ¥1 ................... ................... 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. This schedule reflects the liquidation of remaining reserved and obligated balances. f Credit accounts: 699 FEDERAL HOUSING ADMINISTRATION MUTUAL MORTGAGE INSURANCE PROGRAM ACCOUNT The Flexible Subsidy Fund assisted financially troubled subsidized projects under certain 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 moderateincome 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. Balance Sheet (in millions of dollars) 2003 actual Identification code 86–4044–0–3–604 ASSETS: Federal assets: Fund balances with Treasury .............. Net value of assets related to pre–1992 direct loans receivable and acquired defaulted guaranteed loans receivable: 1601 Direct loans, gross ................................................... 1602 Interest receivable ..................................................... 1603 Allowance for estimated uncollectible loans and interest (–) ........................................................... 1101 2004 actual 9 44 718 81 707 87 –592 –591 1699 Value of assets related to direct loans ......... 207 203 1999 Total assets ............................................................... 216 247 VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 PO 00000 Frm 00026 Fmt 3616 (INCLUDING TRANSFERS OF FUNDS) During fiscal year ø2005¿ 2006, commitments to guarantee loans to carry out the purposes of section 203(b) of the National Housing Act, as amended, shall not exceed a loan principal of $185,000,000,000. During fiscal year ø2005¿ 2006, 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, That the foregoing amount 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 expenses necessary to carry out the guaranteed and direct loan program, ø$356,906,000¿ $355,000,000, of which not to exceed ø$352,906,000¿ $351,000,000 shall be transferred to the appropriation for ‘‘Salaries and expenses’’; and not to exceed $4,000,000 shall be transferred to the appropriation for ‘‘Office of Inspector General’’. In addition, for administrative contract expenses, ø$78,000,000¿ $62,600,000, of which ø$15,000,000¿ $18,281,000 shall be transferred to the Working Capital Fund: Provided, That to the extent guaranteed loan commitments exceed $65,500,000,000 on or before April 1, ø2005¿ 2006, 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. (Departments of Veterans Affairs Sfmt 3616 E:\BUDGET\HUD.XXX HUD HOUSING PROGRAMS—Continued Federal Funds—Continued DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) Program and Financing (in millions of dollars) 2004 actual Identification code 86–0183–0–1–371 Obligations by program activity: 00.07 Reestimates of loan guarantee negative subsidy ......... 00.08 Interest on reestimates of loan guarantee subsidy 00.09 Administrative expenses, salaries & expenses transfer 00.12 Non-overhead administrative expenses for FHA contracts ......................................................................... 10.00 Total new obligations ................................................ Budgetary resources available for obligation: 22.00 New budget authority (gross) ........................................ 22.22 Unobligated balance transferred from other accounts 23.90 23.95 23.98 Total budgetary resources available for obligation Total new obligations .................................................... Unobligated balance expiring or withdrawn ................. 5,947 1,082 357 2005 est. 2006 est. 2,003 ................... 391 ................... 354 355 75 77 63 7,461 2,825 418 441 7,029 431 418 2,394 ................... 7,470 2,825 418 ¥7,461 ¥2,825 ¥418 ¥10 ................... ................... New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 40.35 Appropriation permanently reduced .......................... 444 ¥3 434 418 ¥3 ................... 43.00 Appropriation (total discretionary) ........................ 441 431 418 72.40 73.10 73.20 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... 72 7,461 ¥7,452 81 2,825 ¥2,826 80 418 ¥420 74.40 Obligated balance, end of year ................................ 81 80 78 86.90 86.93 86.98 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. Outlays from mandatory balances ................................ 383 40 7,029 360 349 72 71 2,394 ................... 87.00 Total outlays (gross) ................................................. 7,452 2,826 420 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 441 7,452 431 2,826 418 420 Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars) 2004 actual Identification code 86–0183–0–1–371 Direct loan levels supportable by subsidy budget authority: 115001 MMI Fund, Direct loans ................................................. ................... 2005 est. 50 50 133901 Total subsidy budget authority ...................................... ................... ................... ................... Direct loan subsidy outlays: 134001 MMI Fund, Direct loans ................................................. ................... ................... ................... 134901 Total subsidy outlays ..................................................... ................... ................... ................... 215901 Total loan guarantee levels ........................................... Guaranteed loan subsidy (in percent): 232001 MMI Fund, Section 203(b) ............................................. 232002 Subsidy rate ................................................................... 116,550 68,450 90,336 94,664 107,699 185,000 185,000 ¥2.47 0.00 ¥1.82 0.00 ¥1.70 0.00 232901 Weighted average subsidy rate ..................................... ¥2.47 ¥1.82 ¥1.70 Guaranteed loan subsidy budget authority: 233001 MMI Fund, Section 203(b) ............................................. ¥2,660 ¥2,121 ¥1,536 233003 Loan guarantee levels ................................................... ................... ................... ................... 233901 Total subsidy budget authority ...................................... VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 ¥2,660 PO 00000 ¥2,121 Frm 00027 Guaranteed loan subsidy outlays: 234001 MMI Fund, Section 203(b) ............................................. ¥2,660 ¥2,121 ¥1,536 234003 Loan guarantee levels ................................................... ................... ................... ................... 234901 Total subsidy outlays ..................................................... Guaranteed loan upward reestimate subsidy budget authority: 235001 MMI Fund, Section 203(b) ............................................. ¥2,660 ¥2,121 ¥1,536 7,029 2,394 ................... 235901 Total upward reestimate budget authority .................... 7,029 Guaranteed loan downward reestimate subsidy budget authority: 237001 MMI Fund, Section 203(b) ............................................. ................... 2,394 ................... 237901 Total downward reestimate subsidy budget authority ................... ¥56 ................... Administrative expense data: 351001 Budget authority ............................................................ 358001 Outlays from balances ................................................... 359001 Outlays from new authority ........................................... 2,825 81 2,744 7,461 40 7,412 ¥56 ................... 418 80 338 The Federal Housing Administration (FHA) provides mortgage insurance to encourage lenders to make credit available to expand homeownership and to predominantly serve borrowers that the conventional market does not adequately provide for including: first-time homebuyers; minorities; lowerincome families; and, residents of underserved areas (central cities and rural areas). As required by the Federal Credit Reform Act of 1990, this account records administrative expenses for this program, as well as 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; the administrative expenses are estimated on a cash basis. In 2006, FHA is requesting an aggregate limitation of $185 billion on loan guarantees and is proposing two new mortgage programs that reduce the biggest barriers to homeownership—the down payment and impaired credit. The Zero Downpayment mortgage allows first-time buyers with a strong credit record to finance 100 percent of the downpayment and closing costs. For borrowers with limited or weak credit histories, Payment Incentives initially charges a higher insurance premium, but reduces the borrower’s premiums once they have established a history of regular payments, thereby demonstrating their creditworthiness. Object Classification (in millions of dollars) 2006 est. 115901 Total direct loan levels .................................................. ................... 50 50 Direct loan subsidy (in percent): 132001 MMI Fund, Direct loans ................................................. 0.00 0.00 0.00 Direct loan subsidy budget authority: 133001 MMI Fund, Direct loans ................................................. ................... ................... ................... Guaranteed loan levels supportable by subsidy budget authority: 215001 MMI Fund, Section 203(b) ............................................. 107,699 215004 Standby commitment authority ..................................... ................... 553 ¥1,536 Fmt 3616 2004 actual Identification code 86–0183–0–1–371 25.2 25.3 54 2005 est. 2006 est. 41.0 43.0 Other services ................................................................ Other purchases of goods and services from Government accounts ........................................................... Grants, subsidies, and contributions ............................ Interest and dividends ................................................... 77 63 378 5,947 1,082 354 355 2,003 ................... 391 ................... 99.9 Total new obligations ................................................ 7,461 2,825 418 Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars) 2004 actual Identification code 86–0183–2–1–371 Guaranteed loan levels supportable by subsidy budget authority: 215001 MMI Fund, Section 203(b) ............................................. 215002 Zero Downpayment ......................................................... 215003 Payment Incentives ........................................................ 215004 Loan guarantee levels ................................................... 215901 Total loan guarantee levels ........................................... Guaranteed loan subsidy (in percent): 232001 MMI Fund, Section 203(b) ............................................. 232002 Zero Downpayment ......................................................... 232003 Payment Incentives ........................................................ 232004 Subsidy rate ................................................................... 2005 est. ................... ................... ................... ................... ................... ................... ................... ................... 2006 est. ¥10,840 25,334 7,950 ¥22,444 ................... ................... ................... ................... ................... ................... ................... ¥0.31 ¥0.91 ¥0.47 0.00 232901 Weighted average subsidy rate ..................................... ................... ................... Guaranteed loan subsidy budget authority: 233001 MMI Fund, Section 203(b) ............................................. ................... ................... 233002 Zero Downpayment ......................................................... ................... ................... 0.00 Sfmt 3643 E:\BUDGET\HUD.XXX HUD ................... ................... ................... ................... ¥63 ¥231 HOUSING PROGRAMS—Continued Federal Funds—Continued 554 THE BUDGET FOR FISCAL YEAR 2006 Credit accounts—Continued FEDERAL HOUSING ADMINISTRATION—Continued (INCLUDING TRANSFERS OF FUNDS)—Continued Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars)—Continued 2004 actual Identification code 86–0183–2–1–371 2005 est. 2006 est. 233003 Payment Incentives ........................................................ ................... ................... ¥37 233004 Subsidy budget authority ............................................... ................... ................... ................... 233901 Total subsidy budget authority ...................................... Guaranteed loan subsidy outlays: 234001 MMI Fund, Section 203(b) ............................................. 234002 Zero Downpayment ......................................................... 234003 Payment Incentives ........................................................ 234004 Subsidy outlays .............................................................. ................... ................... ................... ................... ................... ................... ¥331 ................... ¥63 ................... ¥231 ................... ¥37 ................... ................... 234901 Total subsidy outlays ..................................................... ................... ................... ¥331 The $50 million in 2006 direct loan limitation 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 singlefamily homes to community nonprofit organizations or local government entities who would be expected to sell the properties to low- and moderate-income buyers. The use of PMMs provides a tool for State and local nonprofit organizations to use in revitalizing communities, and creates enhanced homeownership opportunities for low- and moderate-income families. Status of Direct Loans (in millions of dollars) 2004 actual Identification code 86–4242–0–3–371 Position with respect to appropriations act limitation on obligations: 1111 Limitation on direct loans ............................................. 1142 Unobligated direct loan limitation (¥) ........................ 2005 est. 2006 est. 50 50 50 ¥50 ................... ................... f 1150 Program and Financing (in millions of dollars) 2004 actual Identification code 86–4242–0–3–371 2005 est. Obligations by program activity: Direct loans .................................................................... ................... Interest paid to Treasury ............................................... ................... Claims & other .............................................................. ................... 50 2 4 50 2 4 10.00 Total new obligations ................................................ ................... 56 56 3 ................... 105 105 ¥52 ¥49 23.90 23.95 56 ¥56 Unobligated balance carried forward, end of year 73.10 73.20 87.00 Total new financing authority (gross) ...................... ................... Change Total Total Total in obligated balances: new obligations .................................................... ................... financing disbursements (gross) ......................... ................... financing disbursements (gross) ......................... ................... 50 55 55 105 105 56 ¥56 56 56 ¥56 56 88.90 Total, offsetting collections (cash) .................. ................... ¥55 ¥55 89.00 90.00 Net financing authority and financing disbursements: Financing authority ........................................................ ................... Financing disbursements ............................................... ................... 50 1 50 1 ASSETS: Federal assets: Fund balances with Treasury .............. Net value of assets related to post– 1991 direct loans receivable: 1405 Allowance for subsidy cost (–) ............................... 2004 actual 3 3 –3 –3 –3 Total assets ............................................................... 1999 –3 Net present value of assets related to direct loans ............................................................. 1499 ........................ ....................... f FHA—MUTUAL MORTGAGE INSURANCE GUARANTEED LOAN FINANCING ACCOUNT 2004 actual Identification code 86–4587–0–3–371 00.01 00.02 00.08 Obligations by program activity: Loan guarantee default claim payments ...................... Other capital investment & operating expenses ........... Interest payments to Treasury ....................................... 00.91 08.01 08.04 2005 est. 2006 est. 7,282 509 604 5,941 992 695 5,397 753 304 Subtotal, capital/operating expenses ........................ 8,395 Negative Subsidy Activity: Payment of negative subsidy to capital reserve for new business .................................................. 2,660 Reestimate of loan guarantee subsidy (downward reestimates) .......................................................... ................... Interest on reestimates of loan guarantee subsidy ................... 7,628 6,454 2,121 1,536 23 ................... 31 ................... 08.91 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. PO 00000 2003 actual 1101 08.02 ¥1 ¥50 ¥4 Jkt 205782 Balance Sheet (in millions of dollars) Program and Financing (in millions of dollars) 50 ¥1 ¥50 ¥4 19:14 Jan 25, 2005 50 ¥50 56 ¥56 Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: 88.25 Interest on uninvested funds ............................... ................... 88.40 Repayment of principal ........................................ ................... 88.40 Repayment of interest .......................................... ................... VerDate jul 14 2003 50 ¥50 3 ................... ................... New financing authority (gross), detail: Mandatory: 67.10 Authority to borrow .................................................... ................... Discretionary: 68.00 Spending authority from offsetting collections: Offsetting collections (cash) ..................................... ................... 70.00 Cumulative balance of direct loans outstanding: Disbursements: Direct loan disbursements ................... ................... Repayments: Repayments and prepayments ................. ................... Identification code 86–4242–0–3–371 Budgetary resources available for obligation: 21.40 Unobligated balance carried forward, start of year 3 22.00 New financing authority (gross) .................................... ................... 22.60 Portion applied to repay debt ........................................ ................... 24.40 50 2006 est. 00.01 00.02 00.03 Total budgetary resources available for obligation 3 Total new obligations .................................................... ................... 50 1231 1251 FHA—MUTUAL MORTGAGE INSURANCE DIRECT LOAN FINANCING ACCOUNT Total direct loan obligations ..................................... ................... Frm 00028 Fmt 3616 Direct Program by Activities—Subtotal (1 level) 2,660 2,175 1,536 10.00 Total new obligations ................................................ 11,056 9,803 7,990 308 18,495 3,458 11,038 3,193 7,137 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New financing authority (gross) .................................... Resources available from recoveries of prior year obligations ....................................................................... 22.60 Portion applied to repay debt ........................................ 21.40 22.00 22.10 11 ................... ................... ¥4,300 ¥1,500 ¥2,000 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 14,514 ¥11,056 12,996 ¥9,803 8,330 ¥7,990 24.40 Unobligated balance carried forward, end of year 3,458 3,193 340 New financing authority (gross), detail: Mandatory: 67.10 Authority to borrow .................................................... 3,000 349 237 Sfmt 3643 E:\BUDGET\HUD.XXX HUD HOUSING PROGRAMS—Continued Federal Funds—Continued DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 68.00 68.10 68.90 Spending authority from offsetting collections: Discretionary: Offsetting collections (cash) ................................ Change in uncollected customer payments from Federal sources (unexpired) ............................. 69.00 Spending authority from offsetting collections (total discretionary) ..................................... Mandatory: Offsetting collections (cash) ..................................... 70.00 Total new financing authority (gross) ...................... Change in obligated balances: 72.40 Obligated balance, start of year ................................... 73.10 Total new obligations .................................................... 73.20 Total financing disbursements (gross) ......................... 73.45 Recoveries of prior year obligations .............................. 74.00 Change in uncollected customer payments from Federal sources (unexpired) ............................................ 74.40 87.00 Obligated balance, end of year ................................ Total financing disbursements (gross) ......................... 8,333 8,295 6,900 thereafter. The amounts in this account are considered a means of financing and are not included in the budget totals. Balance Sheet (in millions of dollars) 133 ................... ................... 8,295 7,029 2,394 ................... 18,495 11,038 6,900 7,137 832 840 1,335 11,056 9,803 7,990 ¥10,904 ¥9,308 ¥7,638 ¥11 ................... ................... ¥133 ................... ................... 840 10,904 1,335 9,308 1,687 7,638 ASSETS: Federal assets: 1101 Fund balances with Treasury .................................. Investments in US securities: 1106 Receivables, net ................................................. Non-Federal assets: 1201 Investments in non-Federal securities, net ............ 1206 Receivables, net ........................................................ Net value of assets related to post– 1991 acquired defaulted guaranteed loans receivable: 1501 Defaulted guaranteed loans receivable, gross ....... 1502 Interest receivable ..................................................... 1504 Foreclosed property ................................................... 1505 Allowance for subsidy cost ...................................... 1599 Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: 88.00 Transfer of Reestimates from reserves in Capital Reserve account ............................................... 88.00 Federal sources ..................................................... 88.25 Interest on uninvested funds ............................... 88.40 Fees and premiums .............................................. 88.40 Recoveries on defaults ......................................... 88.90 88.95 89.00 90.00 Total, offsetting collections (cash) .................. Against gross financing authority only: Change in receivables from program accounts ....... Net financing authority and financing disbursements: Financing authority ........................................................ Financing disbursements ............................................... 1901 ¥15,362 ¥10,689 ¥6,900 2150 2199 Total guaranteed loan commitments ........................ Guaranteed amount of guaranteed loan commitments Cumulative balance of guaranteed loans outstanding: Outstanding, start of year ............................................. Disbursements of new guaranteed loans ...................... Repayments and prepayments ...................................... Adjustments: 2261 Terminations for default that result in loans receivable ....................................................................... 2262 Terminations for default that result in acquisition of property ............................................................. 2263 Terminations for default that result in claim payments .................................................................... 2210 2231 2251 2290 Outstanding, end of year .......................................... 2299 Memorandum: Guaranteed amount of guaranteed loans outstanding, end of year ................................................................ Addendum: Cumulative balance of defaulted guaranteed loans that result in loans receivable: 2310 Outstanding, start of year ........................................ 2331 Disbursements for guaranteed loan claims ............. 2351 Repayments of loans receivable ............................... 2390 Outstanding, end of year ...................................... 3,000 ¥4,458 349 ¥1,381 19:14 Jan 25, 2005 Jkt 205782 2,362 116 258 116 308 232 ........................ 2,773 –841 410 2 2,095 –993 2,164 353 1,514 485 11,060 9,083 ........................ 8,135 54 6,835 642 2,008 275 610 1,316 268 2999 Total liabilities .......................................................... 11,060 9,083 Total liabilities and net position ................................... 11,060 9,083 237 738 (Legislative proposal, not subject to PAYGO) Program and Financing (in millions of dollars) 2005 est. 2006 est. 185,000 ¥77,301 185,000 ¥68,450 185,000 ¥94,664 107,699 107,699 116,550 116,550 90,336 90,336 364,285 116,550 ¥63,808 411,085 90,336 ¥55,316 ¥695 ¥739 ¥801 ¥6,459 ¥5,132 00.91 ¥71 411,085 440,691 17 18 Subtotal, capital/operating expenses ........................ ................... ................... Negative Subsidy Activity: Payment of negative subsidy to capital reserve for new business .................................................. ................... ................... 331 Total new obligations ................................................ ................... ................... 08.01 35 366 ¥64 364,285 2006 est. ¥4,549 ¥128 2005 est. Obligations by program activity: Loan guarantee default claim payments ...................... ................... ................... Interest payments to Treasury ....................................... ................... ................... 10.00 382,234 107,699 ¥118,366 2004 actual Identification code 86–4587–2–3–371 00.01 00.08 21.40 22.00 Budgetary resources available for obligation: Unobligated balance carried forward, start of year ................... ................... ................... New financing authority (gross) .................................... ................... ................... 790 364,285 411,085 23.90 23.95 Total budgetary resources available for obligation ................... ................... Total new obligations .................................................... ................... ................... 790 ¥366 24.40 Unobligated balance carried forward, end of year ................... ................... 424 New financing authority (gross), detail: Discretionary: 68.00 Spending authority from offsetting collections (gross): Offsetting collections (cash) ................... ................... ................... 790 440,691 73.10 73.20 87.00 232 410 1,181 695 771 801 ¥517 ................... ................... 410 1,181 1,982 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 VerDate jul 14 2003 7,029 4999 ¥133 ................... ................... 2004 actual Position with respect to appropriations act limitation on commitments: 2111 Limitation on guaranteed loans made by private lenders .............................................................................. 2142 Uncommitted loan guarantee limitation ....................... 4,298 1999 ¥7,029 ¥2,394 ................... 133 ................... ................... ¥345 ¥9 ¥21 ¥2,901 ¥2,766 ¥2,832 ¥5,220 ¥5,520 ¥4,047 Total assets ............................................................... LIABILITIES: Federal liabilities: 2101 Accounts payable ...................................................... 2103 Federal liabilities, Debt ............................................ Non-Federal liabilities: 2201 Accounts payable ...................................................... 2204 Liabilities for loan guarantees ................................ 2207 Other .......................................................................... 2004 actual 1,140 Net value of assets related to defaulted guaranteed loan ........................................... Other Federal assets: Other assets ............................... Status of Guaranteed Loans (in millions of dollars) Identification code 86–4587–0–3–371 2003 actual1 Identification code 86–4587–0–3–371 8,466 555 PO 00000 Frm 00029 Fmt 3616 Change Total Total Total in obligated balances: new obligations .................................................... ................... ................... financing disbursements (gross) ......................... ................... ................... financing disbursements (gross) ......................... ................... ................... Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: 88.40 Fees and premiums from MMI ............................. 88.40 Fees and premiums from Zero Downpayment ...... 88.40 Fees and premiums from Payment Incentives 88.40 Recoveries on defaults ......................................... Sfmt 3643 E:\BUDGET\HUD.XXX HUD ................... ................... ................... ................... ................... ................... ................... ................... 366 ¥366 366 217 ¥760 ¥239 ¥8 HOUSING PROGRAMS—Continued Federal Funds—Continued 556 THE BUDGET FOR FISCAL YEAR 2006 Offsets: Against gross budget authority and outlays: Offsetting collections (cash) from: 88.00 Federal sources—negative subsidy from new business ........................................................... ¥2,660 88.00 Federal sources—downward reestimates ............ ................... 88.20 Interest on Federal securities ............................... ¥1,152 Credit accounts—Continued FHA—MUTUAL MORTGAGE INSURANCE GUARANTEED LOAN FINANCING ACCOUNT—Continued Program and Financing (in millions of dollars)—Continued 2004 actual Identification code 86–4587–2–3–371 2005 est. 2006 est. 88.90 88.90 Total, offsetting collections (cash) .................. ................... ................... Total, offsetting collections (cash) .................. Against gross budget authority only: Change in uncollected customer payments from Federal sources (unexpired) .................................. ¥790 88.95 Net financing authority and financing disbursements: 89.00 Financing authority ........................................................ ................... ................... ................... 90.00 Financing disbursements ............................................... ................... ................... ¥424 89.00 90.00 Status of Guaranteed Loans (in millions of dollars) 2004 actual Identification code 86–4587–2–3–371 2005 est. 2006 est. Total guaranteed loan commitments ........................ Guaranteed amount of guaranteed loan commitments Guaranteed amount of guaranteed loan commitments Guaranteed amount of guaranteed loan commitments ................... ................... ................... ................... ................... ................... ................... ................... 22,444 ¥10,840 25,334 7,950 ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ¥10,840 25,334 7,950 ................... ................... ................... ................... ................... 3 ................... ................... ¥15 ................... ................... ¥5 2290 Outstanding, end of year .......................................... ................... ................... 22,427 2299 Memorandum: Guaranteed amount of guaranteed loans outstanding, end of year ................................................................ ................... ................... f Memorandum (non-add) entries: Total investments, start of year: Federal securities: Par value ................................................................... 92.02 Total investments, end of year: Federal securities: Net ............................................................................. FHA—MUTUAL MORTGAGE INSURANCE CAPITAL RESERVE ACCOUNT Program and Financing (in millions of dollars) 2004 actual 2005 est. ¥2,790 29 ................... ................... 2006 est. 23,819 23,321 27,721 23,321 27,721 30,324 Summary of Budget Authority and Outlays (in millions of dollars) Enacted/requested: 2004 actual 2005 est. 2006 est. Budget Authority ..................................................................... .................... .................... .................... Outlays .................................................................................... –3,812 –3,469 –2,790 Legislative proposal, not subject to PAYGO: Budget Authority ..................................................................... .................... .................... .................... Outlays .................................................................................... .................... .................... –349 Total: Budget Authority ..................................................................... .................... .................... .................... Outlays .................................................................................... –3,812 –3,469 –3,139 In 2002, a new 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 new Capital Reserve account. In 2003, this new account started earning interest on Treasury investments, collecting negative subsidy and downward reestimates from the Financing account, and paying upward reestimates. The Liquidating account will now only reflect cashflows related to pre-1992 books of business. Balance Sheet (in millions of dollars) 2003 actual Identification code 86–0236–0–1–371 Identification code 86–0236–0–1–371 ¥3,469 Net budget authority and outlays: Budget authority ............................................................ ................... ................... ................... Outlays ........................................................................... ¥3,812 ¥3,469 ¥2,790 22,427 Cumulative balance of guaranteed loans outstanding: Outstanding, start of year ............................................. Disbursements of new guaranteed loans ...................... Disbursements of new guaranteed loans ...................... Disbursements of new guaranteed loans ...................... Repayments and prepayments ...................................... Repayments and prepayments ...................................... Repayments and prepayments ...................................... Adjustments: 2262 Terminations for default that result in acquisition of property ............................................................. 2262 Terminations for default that result in acquisition of property ............................................................. 2262 Terminations for default that result in acquisition of property ............................................................. 2210 2231 2231 2231 2251 2251 2251 ¥3,812 92.01 Position with respect to appropriations act limitation on commitments: 2111 Limitation on guaranteed loans made by private lenders .............................................................................. ................... ................... ................... 2142 Uncommitted loan guarantee limitation ....................... ................... ................... 22,444 2150 2199 2199 2199 ¥2,121 ¥1,536 ¥56 ................... ¥1,292 ¥1,254 2004 actual ASSETS: Federal assets: 1101 Fund balances with Treasury .................................. Investments in US securities: 1102 Treasury securities, net ..................................... 1106 Receivables, net ................................................. 2,421 301 23,701 277 23,178 302 1999 26,399 23,781 7,029 2,362 7,029 2,362 19,370 21,419 21.40 22.00 22.21 22.22 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Unobligated balance transferred to other accounts Unobligated balance transferred from other accounts 26,183 3,783 ¥7,029 583 23.90 Total budgetary resources available for obligation 23,520 24,607 27,397 Total liabilities .......................................................... NET POSITION: 3300 Cumulative results of operations ................................... 24.40 Unobligated balance carried forward, end of year 23,520 24,607 27,397 3999 Total net position ..................................................... 19,370 21,419 4999 Total liabilities and net position ................................... 26,399 23,781 New budget authority (gross), detail: Mandatory: 69.00 Offsetting collections (cash) ..................................... 69.10 Change in uncollected customer payments from Federal sources (unexpired) .................................. 69.90 72.40 74.00 74.40 Spending authority from offsetting collections (total mandatory) ............................................. Change in obligated balances: Obligated balance, start of year ................................... Change in uncollected customer payments from Federal sources (unexpired) ............................................ Obligated balance, end of year ................................ VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 3,812 23,520 24,607 3,469 2,790 ¥2,394 ................... 12 ................... 3,469 Total assets ............................................................... LIABILITIES: 2101 Federal liabilities: Accounts payable ............................. 2999 (Legislative proposal, not subject to PAYGO) 2,790 Program and Financing (in millions of dollars) ¥29 ................... ................... 2004 actual Identification code 86–0236–2–1–371 2005 est. 2006 est. 3,783 3,469 2,790 ¥277 ¥248 ¥248 21.40 22.00 29 ................... ................... 23.90 Total budgetary resources available for obligation ................... ................... 349 24.40 Unobligated balance carried forward, end of year ................... ................... 349 ¥248 PO 00000 ¥248 Frm 00030 ¥248 Fmt 3616 Budgetary resources available for obligation: Unobligated balance carried forward, start of year ................... ................... ................... New budget authority (gross) ........................................ ................... ................... 349 Sfmt 3643 E:\BUDGET\HUD.XXX HUD HOUSING PROGRAMS—Continued Federal Funds—Continued DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT New budget authority (gross), detail: Mandatory: 69.00 Offsetting collections (cash) ..................................... ................... ................... Offsets: Against gross budget authority and outlays: Offsetting collections (cash) from: 88.00 Federal sources—negative subsidy from MMI, Sec 203(b) ........................................................ 88.00 Federal sources—downward reestimates ............ 88.00 Federal sources—negative subsidy from Payment Incentives ................................................ 88.00 Federal sources—negative subsidy from Payment Incentives ................................................ 88.20 Interest on Federal securities ............................... 88.90 88.90 349 89.00 90.00 Total, offsetting collections (cash) .................. ¥138 557 ¥138 ¥50 Net budget authority and outlays: Budget authority ............................................................ ................... ................... ................... Outlays ........................................................................... 168 ¥10 ¥10 Status of Direct Loans (in millions of dollars) ................... ................... ¥63 ................... ................... ................... ................... ................... ¥231 ................... ................... ................... ................... ¥37 ¥18 Total, offsetting collections (cash) .................. ................... ................... 2004 actual Identification code 86–4070–0–3–371 1210 1264 Cumulative balance of direct loans outstanding: Outstanding, start of year ............................................. Write-offs for default: Other adjustments, net ............. 1290 Outstanding, end of year .......................................... 2005 est. 2006 est. ¥349 1 2 2 1 ................... ................... 2 2 2 Status of Guaranteed Loans (in millions of dollars) Net budget authority and outlays: 89.00 Budget authority ............................................................ ................... ................... ................... 90.00 Outlays ........................................................................... ................... ................... ¥349 Memorandum (non-add) entries: Total investments, start of year: Federal securities: Par value ................................................................... ................... ................... ................... 92.02 Total investments, end of year: Federal securities: Net ............................................................................. ................... ................... 333 92.01 f 2004 actual Identification code 86–4070–0–3–371 2005 est. 2006 est. Cumulative balance of guaranteed loans outstanding: 2210 Outstanding, start of year ............................................. 24,952 19,392 14,858 2251 Repayments and prepayments ...................................... ¥5,452 ¥4,420 ¥3,421 Adjustments: 2261 Terminations for default that result in loans receivable ....................................................................... ¥1 ................... ................... 2262 Terminations for default that result in acquisition of property ............................................................. ¥107 ¥114 ¥53 2263 Terminations for default that result in claim payments .................................................................... ................... ................... ................... FHA—MUTUAL MORTGAGE AND COOPERATIVE HOUSING INSURANCE FUNDS LIQUIDATING ACCOUNT 2290 Outstanding, end of year .......................................... 19,392 14,858 11,384 Program and Financing (in millions of dollars) 2299 Memorandum: Guaranteed amount of guaranteed loans outstanding, end of year ................................................................ 19,392 14,858 11,384 2004 actual Identification code 86–4070–0–3–371 2005 est. 2006 est. Obligations by program activity: 01.03 Acquisition of real properties ........................................ 01.04 Acquisition of notes ....................................................... 01.07 Capitalized expenses ..................................................... 01.08 Loss mitigation activities .............................................. 107 118 30 1 ................... ................... 16 16 16 5 4 4 01.91 02.02 Total capital investment ........................................... Other Operation expenses .............................................. 129 138 50 ¥2 ................... ................... 10.00 Total new obligations ................................................ Addendum: Cumulative balance of defaulted guaranteed loans that result in loans receivable: 2310 Outstanding, start of year ........................................ 1 ................... ................... 2331 Disbursements for guaranteed loan claims ............. 1 ................... ................... 2351 Repayments of loans receivable ............................... ................... ................... ................... 2361 Write-offs of loans receivable ................................... ¥1 ................... ................... 2364 Other adjustments, net ............................................. ¥1 ................... ................... 2390 127 138 583 138 12 ................... 138 50 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Resources available from recoveries of prior year obligations ....................................................................... 22.21 Unobligated balance transferred to other accounts 1 ................... ................... ¥583 ¥12 ................... 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 139 ¥127 24.40 Unobligated balance carried forward, end of year 21.40 22.00 22.10 New budget authority (gross), detail: Mandatory: 69.00 Offsetting collections (cash) ..................................... 138 ¥138 50 ¥50 12 ................... ................... 138 138 50 72.40 73.10 73.20 73.45 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. 74.40 Obligated balance, end of year ................................ 276 286 296 86.97 86.98 Outlays (gross), detail: Outlays from new mandatory authority ......................... Outlays from mandatory balances ................................ 138 168 138 ¥10 50 ¥10 87.00 Total outlays (gross) ................................................. 306 128 40 Offsets: Against gross budget authority and outlays: Offsetting collections (cash) from: 88.40 Fees and premiums .............................................. 88.40 Proceeds from sale of real property ..................... 88.40 Recoveries on defaulted mortgages ..................... 88.40 Other ..................................................................... VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 456 276 286 127 138 50 ¥306 ¥128 ¥40 ¥1 ................... ................... ¥3 ¥13 ¥9 ¥131 ¥125 ¥41 ¥3 ................... ................... ¥1 ................... ................... PO 00000 Frm 00031 Outstanding, end of year ...................................... ................... ................... ................... 50 Fmt 3616 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 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 in the General Insurance and Special Risk Insurance funds (GI/SRI) form the other segment. The Federal Credit Reform Act of 1990 creates a structure of three accounts for existing credit program. 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, a new MMI capital reserve account was established to maintain reserves required by statute that were previously deposited in the liquidating account. Sfmt 3616 E:\BUDGET\HUD.XXX HUD HOUSING PROGRAMS—Continued Federal Funds—Continued 558 THE BUDGET FOR FISCAL YEAR 2006 Credit accounts—Continued GENERAL FHA—MUTUAL MORTGAGE AND COOPERATIVE HOUSING INSURANCE FUNDS LIQUIDATING ACCOUNT—Continued 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). PROGRAM HIGHLIGHTS (in millions of dollars) Mortgage insurance written (in fiscal year): Units .......................................................................... Amount (in millions of dollars) ................................. 2004 actual Insurance maintenance: Outstanding balance of insurance in force, end of year: Mortgage insurance (in millions of dollars) ............. 2005 est. 2006 est. 925,702 $107,699 1,024,857 $116,550 950,343 $112,780 $364,285 $411,085 $440,691 Financial condition.—The following tables reflect the revenues, expenses and financial condition of the MMI/CMHI liquidating funds based on Generally Accepted Accounting Principles. Balance Sheet (in millions of dollars) 2003 actual1 Identification code 86–4070–0–3–371 ASSETS: Federal assets: Fund balances with Treasury .............. Non-Federal assets: 1206 Receivables, net ........................................................ 1207 Advances and prepayments ..................................... Net value of assets related to pre–1992 direct loans receivable and acquired defaulted guaranteed loans receivable: 1101 1699 1701 1702 1703 Value of assets related to direct loans ......... Defaulted guaranteed loans, gross ......................... Interest receivable ..................................................... Allowance for estimated uncollectible loans and interest (–) ........................................................... 2004 actual 1,038 288 26 5 26 ....................... SPECIAL RISK PROGRAM ACCOUNT 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, ø$10,000,000¿ $8,800,000, to remain available until expended: Provided, That øthese funds are available to subsidize¿ commitments to guarantee loans shall not exceed $35,000,000,000 in total loan principal, any part of which is to be guaranteedø, of up to $35,000,000,000¿. 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 $50,000,000, of which not to exceed $30,000,000 shall be for bridge financing in connection with the sale of multifamily real properties owned by the Secretary and formerly insured under such Act; and of which not to exceed $20,000,000 shall be for loans to nonprofit and governmental entities in connection with the sale of single-family real properties owned by the Secretary and formerly insured under such Act. In addition, for administrative expenses necessary to carry out the guaranteed and direct loan programs, ø$227,767,000¿ $231,400,000, of which ø$207,767,000¿ $211,400,000 shall be transferred to the appropriation for ‘‘Salaries and øexpenses¿ Expenses’’; and of which $20,000,000 shall be transferred to the appropriation for ‘‘Office of Inspector General’’. In addition, for administrative contract expenses necessary to carry out the guaranteed and direct loan programs, ø$86,000,000¿ $71,900,000, of which ø$9,600,000¿ $10,800,000 shall be transferred to the Working Capital Fund: Provided, That to the extent guaranteed loan commitments exceed ø$8,426,000,000¿ $8,426,000,000 on or before April 1, ø2005¿ 2006, an additional $1,980 for administrative contract expenses shall be available for each $1,000,000 in additional guaranteed loan commitments over $8,426,000,000 (including a pro rata amount for any increment below $1,000,000), but in no case shall funds made available by this proviso exceed $14,400,000. ø(RESCISSION)¿ ........................ 9 16 ....................... 9 ....................... –4 1706 Defaulted guaranteed loans and interest receivable, net ................................................. Foreclosed property ................................................... 21 33 7 13 1799 1901 Value of assets related to loan guarantees .. Other Federal assets: Other assets ............................... 54 ........................ 20 2 Total assets ............................................................... LIABILITIES: Non-Federal liabilities: 2201 Accounts payable ...................................................... 2204 Liabilities for loan guarantees ................................ 2207 Unearned revenue and advances, and other ........ 1,123 336 425 111 206 236 85 150 Total liabilities .......................................................... NET POSITION: 3300 Cumulative results of operations ................................... 742 3999 øOf the unobligated balances remaining from credit subsidy appropriated in fiscal year 2004 and prior years under the heading ‘‘General and special risk program account’’, $30,000,000 are rescinded.¿ (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) –2 1704 AND (INCLUDING TRANSFERS OF FUNDS) General Fund Credit Receipt Accounts (in millions of dollars) 2004 actual Identification code 86–0200–0–1–371 1999 0101 0102 Negative subsidies/subsidy reestimates ....................... Negative subsidies/subsidy reestimates ....................... 281 138 2005 est. 2006 est. 190 357 208 ................... Program and Financing (in millions of dollars) 2004 actual Identification code 86–0200–0–1–371 2005 est. 2006 est. Total liabilities and net position ................................... 1 Estimated –135 10.00 Total new obligations ................................................ 817 1,088 312 –135 21.40 22.00 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ 65 853 77 1,058 47 312 23.90 23.95 23.98 Total budgetary resources available for obligation Total new obligations .................................................... Unobligated balance expiring or withdrawn ................. 24.40 4999 4 451 66 228 68 381 Total net position ..................................................... 471 Obligations by program activity: Guaranteed loan subsidy ............................................... Reestimate of credit subsidy ......................................... Interest on reestimates of loan guarantee subsidy Administrative expenses, salaries & expenses transfer Administrative contract expenses .................................. 381 2999 00.02 00.07 00.08 00.09 00.10 Unobligated balance carried forward, end of year 1,123 336 result on GAAP basis pending final audit. Object Classification (in millions of dollars) 2004 actual Identification code 86–4070–0–3–371 25.2 32.0 33.0 42.0 Other services ................................................................ Land and structures ...................................................... Investments and loans .................................................. Insurance claims and indemnities ................................ 99.9 Total new obligations ................................................ VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 2005 est. PO 00000 138 Frm 00032 918 1,135 359 ¥817 ¥1,088 ¥312 ¥25 ................... ................... 77 47 47 324 312 2006 est. ¥2 ................... ................... 123 134 46 1 ................... ................... 5 4 4 127 10 9 634 ................... 133 ................... 226 231 85 72 50 Fmt 3616 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 338 40.35 Appropriation permanently reduced (accross-the board rescission) .................................................. ¥2 40.36 Unobligated balance permanently reduced (rescission) ...................................................................... ................... Sfmt 3643 E:\BUDGET\HUD.XXX HUD ¥3 ................... ¥30 ................... HOUSING PROGRAMS—Continued Federal Funds—Continued DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 43.00 336 60.00 Appropriation (total discretionary) ........................ Mandatory: Appropriation ............................................................. 70.00 Total new budget authority (gross) .......................... 853 517 291 312 767 ................... 1,058 312 72.40 73.10 73.20 73.40 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Adjustments in expired accounts (net) ......................... 74.40 Obligated balance, end of year ................................ 91 86.90 86.93 86.97 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. Outlays from new mandatory authority ......................... 248 45 517 87.00 Total outlays (gross) ................................................. 810 1,116 316 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 853 810 1,058 1,116 312 316 87 91 63 817 1,088 312 ¥810 ¥1,116 ¥316 ¥3 ................... ................... 63 59 300 295 49 21 767 ................... Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars) 2004 actual Identification code 86–0200–0–1–371 Direct loan levels supportable by subsidy budget authority: 115001 Single-family PMMs ....................................................... ................... 115002 Multifamily bridge loans ................................................ ................... 115003 Unused Limitation Authority .......................................... 50 115901 Total direct loan levels .................................................. Direct loan subsidy (in percent): 132001 Single-family PMMs ....................................................... 132002 Multifamily bridge loans ................................................ 132003 Unused Limitation Authority .......................................... 2005 est. 2006 est. 2 2 46 2 2 46 50 50 50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 132901 Weighted average subsidy rate ..................................... 0.00 0.00 0.00 Direct loan subsidy budget authority: 133001 Single-family PMMs ....................................................... ................... ................... ................... 133002 Multifamily bridge loans ................................................ ................... ................... ................... 133003 Unused Limitation Authority .......................................... ................... ................... ................... 133901 Total subsidy budget authority ...................................... Direct loan subsidy outlays: 134001 Single-family PMMs ....................................................... 134002 Multifamily bridge loans ................................................ 134003 Unused Limitation Authority .......................................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... 134901 Total subsidy outlays ..................................................... ................... ................... ................... Guaranteed loan levels supportable by subsidy budget authority: 215001 Apartments NC/SC ......................................................... 1,701 2,500 2,600 215003 221d3 NP/Coop owned apts .......................................... 11 50 52 215004 Tax Credits NC ............................................................... 1,079 1,100 1,100 215005 Mixed Income (Hope d4) ................................................ ................... ................... ................... 215006 Apartments Refinance ................................................... 2,270 2,300 2,300 215007 241a Supplemental Loans for Apts ............................... 3 10 10 215008 Operating Loss Loans for Apts (plus 232) .................... 4 4 4 215009 HFA Risk Sharing ........................................................... 260 400 416 215012 GSE Risk Sharing ........................................................... 17 50 52 215013 FHA Full Insurance for Health Care Facilities (plus 241/232) .................................................................... 271 525 546 215014 Health Care Refinances ................................................. 1,285 1,300 1,300 215015 Hospitals ........................................................................ 1,313 600 600 215016 Other Rental (incl 207(mhp),220,231) .......................... 198 400 416 215017 Section 234: Condominiums .......................................... 14,585 11,190 7,266 215018 Section 203(k): Rehabilitation Mortgages ..................... 659 632 589 215019 Title 1 Property Improvement ........................................ 68 98 99 215020 Title 1 Manufactured Housing ....................................... 69 110 110 215021 Home Equity Conversion Mortgages .............................. ................... ................... 3,552 215022 Standby Authority ........................................................... 5,207 13,731 13,988 215901 Total loan guarantee levels ........................................... Guaranteed loan subsidy (in percent): 232001 Apartments NC/SC ......................................................... 232003 221d3 NP/Coop owned apts .......................................... 232004 Tax Credits NC ............................................................... 232005 Mixed Income (Hope d4) ................................................ 232006 Apartments Refinance ................................................... 232007 241a Supplemental Loans for Apts ............................... VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 29,000 35,000 35,000 ¥0.62 5.35 ¥1.59 0.00 ¥2.13 8.60 ¥0.03 10.58 ¥4.45 0.00 ¥2.46 6.22 ¥0.18 9.74 ¥3.54 0.00 ¥1.84 5.43 PO 00000 Frm 00033 232008 232009 232012 232013 Fmt 3616 232014 232015 232016 232017 232018 232019 232020 232021 Operating Loss Loans for Apts (plus 232) .................... HFA Risk Sharing ........................................................... GSE Risk Sharing ........................................................... FHA Full Insurance for Health Care Facilities (plus 241/232) .................................................................... Health Care Refinances ................................................. Hospitals ........................................................................ Other Rental (incl 207(mhp),220,231) .......................... Section 234: Condominiums .......................................... Section 203(k): Rehabilitation Mortgages ..................... Title 1 Property Improvement ........................................ Title 1 Manufactured Housing ....................................... Home Equity Conversion Mortgages .............................. 232901 Weighted average subsidy rate ..................................... Guaranteed loan subsidy budget authority: 233001 Apartments NC/SC ......................................................... 233003 221d3 NP/Coop owned apts .......................................... 233004 Tax Credits NC ............................................................... 233005 Mixed Income (Hope d4) ................................................ 233006 Apartments Refinance ................................................... 233007 241a Supplemental Loans for Apts ............................... 233008 Operating Loss Loans for Apts (plus 232) .................... 233009 HFA Risk Sharing ........................................................... 233012 GSE Risk Sharing ........................................................... 233013 FHA Full Insurance for Health Care Facilities (plus 241/232) .................................................................... 233014 Health Care Refinances ................................................. 233015 Hospitals ........................................................................ 233016 Other Rental (incl 207(mhp),220,231) .......................... 233017 Section 234: Condominiums .......................................... 233018 Section 203(k): Rehabilitation Mortgages ..................... 233019 Title 1 Property Improvement ........................................ 233020 Title 1 Manufactured Housing ....................................... 233021 Home Equity Conversion Mortgages .............................. 233022 Standby authority ........................................................... 233901 Total subsidy budget authority ...................................... Guaranteed loan subsidy outlays: 234001 Apartments NC/SC ......................................................... 234003 221d3 NP/Coop owned apts .......................................... 234004 Tax Credits NC ............................................................... 234005 Mixed Income (Hope d4) ................................................ 234006 Apartments Refinance ................................................... 234007 241a Supplemental Loans for Apts ............................... 234008 Operating Loss Loans for Apts (plus 232) .................... 234009 HFA Risk Sharing ........................................................... 234012 GSE Risk Sharing ........................................................... 234013 FHA Full Insurance for Health Care Facilities (plus 241/232) .................................................................... 234014 Health Care Refinances ................................................. 234015 Hospitals ........................................................................ 234016 Other Rental (incl 207(mhp),220,231) .......................... 234017 Section 234: Condominiums .......................................... 234018 Section 203(k): Rehabilitation Mortgages ..................... 234019 Title 1 Property Improvement ........................................ 234020 Title 1 Manufactured Housing ....................................... 234021 Home Equity Conversion Mortgages .............................. 559 17.84 ¥1.67 ¥1.08 16.45 ¥0.79 ¥1.04 15.89 ¥0.67 ¥0.83 ¥0.22 ¥1.28 ¥3.33 ¥0.08 ¥1.03 ¥0.02 1.86 ¥0.14 0.00 ¥0.06 ¥1.80 ¥2.02 ¥0.40 ¥0.40 0.59 1.92 0.12 0.00 ¥0.76 ¥1.26 ¥1.76 ¥0.73 ¥2.19 ¥1.12 1.79 1.10 ¥1.74 ¥1.00 ¥0.51 ¥0.98 ¥11 ¥1 ¥5 1 5 5 ¥17 ¥49 ¥39 ................... ................... ................... ¥48 ¥57 ¥42 ................... 1 1 1 1 1 ¥4 ¥3 ¥3 ................... ¥1 ................... ¥1 ¥16 ¥44 ................... ¥150 ................... 1 ................... ................... 12 ¥276 ................... ¥4 ¥23 ¥16 ¥12 ¥11 ¥2 ¥3 ¥45 ¥159 4 ¥7 2 2 ................... 1 ................... ¥62 ................... ................... ¥180 ¥341 ¥9 ¥3 ¥4 ................... 4 5 ¥26 ¥41 ¥41 ................... ................... ................... ¥54 ¥55 ¥46 1 1 1 1 1 1 ¥4 ¥3 ¥3 ................... ................... ................... ¥7 ................... ¥18 ¥22 ¥12 ¥20 ................... ¥1 ¥151 ¥45 ................... 4 1 2 ................... ................... ................... ................... ¥178 ¥3 ¥18 ¥11 ¥3 ¥159 ¥7 2 1 ¥62 234901 Total subsidy outlays ..................................................... Guaranteed loan upward reestimate subsidy budget authority: 235024 General and Special Risk .............................................. ¥278 517 767 ................... 235901 Total upward reestimate budget authority .................... Guaranteed loan downward reestimate subsidy budget authority: 237024 General and Special Risk .............................................. 517 767 ................... ¥138 ¥208 ................... 237901 Total downward reestimate subsidy budget authority ¥138 ¥208 ................... Administrative expense data: 351001 Budget authority, S&E Transfer ..................................... 351001 Budget authority ............................................................ 358001 Outlays from balances ................................................... 359001 Outlays from new authority ........................................... 228 93 42 248 226 85 48 293 ¥347 231 82 19 289 This account includes budget authority for insurance programs requiring positive credit subsidies, as well as for salaries and expenses and other administrative costs for all General and Special Risk Insurance Fund programs. As required by the Federal Credit Reform Act of 1990, this account records, for the single family, multifamily, hospital, and Title I insurance programs of FHA’s General Insurance and Special Risk Insurance Funds, the subsidy costs associated with the loan guarantees committed or direct loans Sfmt 3616 E:\BUDGET\HUD.XXX HUD HOUSING PROGRAMS—Continued Federal Funds—Continued 560 THE BUDGET FOR FISCAL YEAR 2006 73.10 73.20 73.45 74.00 Credit accounts—Continued GENERAL AND SPECIAL RISK PROGRAM ACCOUNT—Continued ø(RESCISSION)¿—Continued obligated in 1992 and thereafter (including modifications of loan guarantees or direct loans that resulted from obligations or commitments in any year), as well as administrative expenses of these programs. The subsidy amounts are estimated on a present value basis; the administrative expenses are accounted for on a cash basis. For 2006, the annual premium for mortgage guarantees under the tax credit and apartment refinance risk categories will be reduced to 45 basis points, matching the rate for the Sec. 221(d)(4) new construction/substantial rehabilitation apartment development program. Object Classification (in millions of dollars) 2004 actual Identification code 86–0200–0–1–371 25.1 25.2 25.3 2005 est. 2006 est. 51 17 75 10 61 11 41.0 Advisory and assistance services .................................. Other services ................................................................ Other purchases of goods and services from Government accounts ........................................................... Grants, subsidies, and contributions ............................ 228 521 226 777 231 9 99.9 Total new obligations ................................................ 817 1,088 312 AND 74.40 87.00 Obligated balance, end of year ................................ Total financing disbursements (gross) ......................... SPECIAL RISK GUARANTEED LOAN FINANCING ACCOUNT Program and Financing (in millions of dollars) 2004 actual Identification code 86–4077–0–3–371 Capital investment, claims and other: Capital investment, claims and other: 00.01 Default claims and other .......................................... 1,098 00.05 Interest paid to Treasury ........................................... 67 00.08 Asset sale negative subsidy payment to the receipt account ................................................................. ................... 00.14 Contract Costs ........................................................... 34 2005 est. 88.90 Total, offsetting collections (cash) .................. Against gross financing authority only: Change in receivables from program accounts ....... Portion of offsetting collections (cash) credited to expired accounts ................................................... 89.00 90.00 Net financing authority and financing disbursements: Financing authority ........................................................ Financing disbursements ............................................... 2006 est. 1,517 102 80 20 20 20 00.91 08.01 08.02 08.04 Direct Program by Activities—Subtotal (1 level) Payment of negative subsidy to receipt account Downward subsidy rate reestimate ........................... Interest on subsidy rate reestimates ........................ 1,199 339 99 40 1,709 1,659 190 357 127 ................... 81 ................... 08.91 Direct Program by Activities—Subtotal (1 level) 478 398 357 10.00 Total new obligations ........................................... 1,677 2,107 2,016 21.40 22.00 22.10 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New financing authority (gross) .................................... Resources available from recoveries of prior year obligations ....................................................................... 751 2,072 1,147 2,200 1,240 1,425 1 ................... ................... 9 ................... ................... 285 1,508 884 1,508 1,392 1,508 ¥1,941 ¥2,100 ¥1,325 9 ................... ................... 1 ................... ................... 141 ¥432 100 ¥592 100 183 Status of Guaranteed Loans (in millions of dollars) 2004 actual1 Identification code 86–4077–0–3–371 1,509 100 1,677 2,107 2,016 ¥1,508 ¥1,508 ¥1,508 ¥1 ................... ................... Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: 88.00 Payments from program account ......................... ¥3 ¥9 ¥9 88.00 Repayment of principal and interest from liquidating account ................................................. ¥15 ¥15 ¥15 88.00 Subsidy reestimate from program account .......... ¥517 ¥767 ................... 88.00 Federal resources ¥other .................................... ................... ................... ................... 88.25 Interest on uninvested funds ............................... ¥93 ¥95 ¥95 88.40 Fees and premiums .............................................. ¥588 ¥434 ¥467 88.40 Recoveries on defaulted mortgages ..................... ¥145 ¥70 ¥99 88.40 Title I recoveries ................................................... ¥28 ¥3 ¥2 88.40 Single family property recoveries ......................... ¥251 ¥395 ¥332 88.40 Gross Proceeds from sale of mortgage notes (liquidating) ...................................................... ................... ¥80 ¥20 88.40 Gross Proceeds from Mortgage Note Sales .......... ¥267 ¥199 ¥183 88.40 Multifamily property recoveries ............................. ¥1 ................... ¥3 88.40 Non-Federal Resources-other ................................ ¥33 ¥33 ¥100 88.95 88.96 f FHA—GENERAL Total new obligations .................................................... Total financing disbursements (gross) ......................... Recoveries of prior year obligations .............................. Change in uncollected customer payments from Federal sources (unexpired) ............................................ Position with respect to appropriations act limitation on commitments: 2111 Limitation on guaranteed loans made by private lenders .............................................................................. 2142 Uncommitted loan guarantee limitation ....................... 2150 2199 Total guaranteed loan commitments ........................ Guaranteed amount of guaranteed loan commitments Cumulative balance of guaranteed loans outstanding: Outstanding, start of year ............................................. Disbursements of new guaranteed loans ...................... Repayments and prepayments ...................................... Adjustments: 2261 Terminations for default that result in loans receivable ....................................................................... 2262 Terminations for default that result in acquisition of property ............................................................. 2263 Terminations for default that result in claim payments .................................................................... 2210 2231 2251 2005 est. 2006 est. 29,000 ¥5,207 35,000 ¥13,731 35,000 ¥13,988 23,793 23,793 21,269 21,269 21,012 21,012 72,048 24,379 ¥17,072 78,257 20,511 ¥12,985 84,272 23,440 ¥16,936 ¥736 ¥1,049 ¥1,122 ¥306 ¥389 ¥333 ¥56 ¥73 ¥62 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 2,824 ¥1,677 3,347 ¥2,107 2,665 ¥2,016 2290 Outstanding, end of year .......................................... 78,257 84,272 89,259 24.40 Unobligated balance carried forward, end of year 1,147 1,240 649 2299 Memorandum: Guaranteed amount of guaranteed loans outstanding, end of year ................................................................ 78,257 84,272 89,259 New financing authority (gross), detail: Discretionary: 47.00 Authority to borrow .................................................... Spending authority from offsetting collections: 68.00 Offsetting collections (cash) ..................................... 68.10 Change in uncollected customer payments from Federal sources (unexpired) .................................. 68.47 Portion applied to repay debt ................................... 68.90 400 400 400 1,423 2,100 1,325 ¥9 ................... ................... ¥259 ¥300 ¥300 69.00 Spending authority from offsetting collections (total discretionary) .......................................... Mandatory: Offsetting collections (cash) ..................................... 70.00 Total new financing authority (gross) ...................... 2,072 2,200 1,425 72.40 Change in obligated balances: Obligated balance, start of year ................................... 108 285 884 VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 1,155 1,800 1,025 517 ................... ................... PO 00000 Frm 00034 Fmt 3616 Addendum: Cumulative balance of defaulted guaranteed loans that result in loans receivable: 2310 Outstanding, start of year ........................................ 2331 Disbursements for guaranteed loan claims ............. 2351 Repayments of loans receivable ............................... 2361 Write-offs of loans receivable ................................... 2390 Outstanding, end of year ...................................... 584 704 1,481 736 1,049 1,122 ¥440 ¥272 ¥284 ¥176 ................... ................... 704 1,481 2,319 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 Sfmt 3616 E:\BUDGET\HUD.XXX HUD HOUSING PROGRAMS—Continued Federal Funds—Continued DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Balance Sheet (in millions of dollars) 2003 actual Identification code 86–4077–0–3–371 ASSETS: Federal assets: 1101 Fund balances with Treasury .................................. Investments in US securities: 1106 Receivables, net ................................................. Non-Federal assets: 1201 Investments in non-Federal securities, net ............ 1206 Receivables, net ........................................................ Net value of assets related to post– 1991 acquired defaulted guaranteed loans receivable: 1501 Defaulted guaranteed loans receivable, gross ....... 1502 Interest receivable ..................................................... 1504 Foreclosed property ................................................... 1505 Allowance for subsidy cost ...................................... 1901 1,432 531 ¥1 ¥3 ¥1 ¥3 ¥4 ¥4 Total, offsetting collections (cash) .................. ................... 89.00 90.00 Net financing authority and financing disbursements: Financing authority ........................................................ ................... ¥1 ¥1 Financing disbursements ............................................... ................... ................... ................... Status of Direct Loans (in millions of dollars) 2004 actual Identification code 86–4105–0–3–371 584 48 420 –685 704 73 394 –682 367 9 489 –12 1,794 2,697 138 660 ........................ 208 800 87 85 9 ........................ 809 93 36 12 34 1,409 111 Position with respect to appropriations act limitation on obligations: 1111 Limitation on direct loans ............................................. 1142 Unobligated direct loan limitation (¥) ........................ 1,794 2,697 4999 Total liabilities and net position ................................... 1,794 2,697 f SPECIAL RISK DIRECT LOAN FINANCING ACCOUNT Program and Financing (in millions of dollars) 2004 actual 2005 est. 2006 est. 2005 est. 2006 est. 50 ¥50 50 ¥47 50 ¥47 1150 Total direct loan obligations ..................................... ................... 3 3 1210 1231 1251 Cumulative balance of direct loans outstanding: Outstanding, start of year ............................................. 2 Disbursements: Direct loan disbursements ................... ................... Repayments: Repayments and prepayments ................. ................... 2 3 ¥4 1 4 ¥4 1 1 1290 Total liabilities .......................................................... Identification code 86–4105–0–3–371 Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: 88.40 Interest received on loans .................................... ................... 88.40 Repayment of Principal ........................................ ................... 4 17 2999 AND ¥4 4 767 4 24 1999 FHA—GENERAL ¥4 4 73.20 87.00 2004 actual 859 Net value of assets related to defaulted guaranteed loan ........................................... Other Federal assets: Other assets ............................... Total assets ............................................................... LIABILITIES: Federal liabilities: 2101 Accounts payable Intragovernmental ....................... 2103 Debt ............................................................................ 2105 Other Federal Liabilities ........................................... Non-Federal liabilities: 2201 Accounts payable ...................................................... 2202 Interest payable ........................................................ 2203 Non Federal Debt ...................................................... 2204 Liabilities for loan guarantees ................................ 2207 Other .......................................................................... Total financing disbursements (gross) ......................... ................... Total financing disbursements (gross) ......................... ................... 88.90 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. 1599 561 Outstanding, end of year .......................................... 2 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. This schedule includes two direct loan programs. One provides bridge loan financing to facilitate the disposition of multifamily housing owned by the Department to non-profit organizations who agree to preserve it as affordable rental or cooperative housing. The second is a single-family direct loan program for purchase money mortgages, as discussed in the preceding section for the Mutual Mortgage Insurance Fund. Balance Sheet (in millions of dollars) Obligations by program activity: 00.01 Direct loans .................................................................... ................... 00.02 Interest paid to Treasury ............................................... ................... 3 1 3 1 10.00 4 4 Budgetary resources available for obligation: Unobligated balance carried forward, start of year ................... ................... New financing authority (gross) .................................... ................... 3 ¥1 3 1499 1999 21.40 22.00 Total new obligations ................................................ ................... ASSETS: Net value of assets related to post– 1991 direct loans receivable: 1401 Direct loans receivable, gross ................................. 2004 actual Total budgetary resources available for obligation ................... Total new obligations .................................................... ................... 3 ¥4 2 ¥4 24.40 Unobligated balance carried forward, end of year ................... ¥1 ¥2 3 3 4 ¥4 2 2 2 2 Total assets ............................................................... LIABILITIES: Federal liabilities: 2103 Treasury borrowing .................................................... 2104 Resources payable to Treasury ................................ 2 2 1 1 1 1 2999 23.90 23.95 Total liabilities .......................................................... 2 2 4999 Total liabilities and net position ................................... 2 2 Net present value of assets related to direct loans ............................................................. 4 ¥4 New financing authority (gross), detail: Mandatory: 67.10 Authority to borrow .................................................... ................... Spending authority from offsetting collections: Discretionary: 68.00 Offsetting collections (cash) ................................ ................... 68.47 Portion applied to repay debt ............................... ................... 2003 actual Identification code 86–4105–0–3–371 f FHA—LOAN GUARANTEE RECOVERY FUND—FINANCING ACCOUNT 68.90 Spending authority from offsetting collections (total discretionary) ..................................... ................... ................... ................... Program and Financing (in millions of dollars) 70.00 Total new financing authority (gross) ...................... ................... 3 3 Identification code 86–4106–0–3–371 73.10 Change in obligated balances: Total new obligations .................................................... ................... 4 4 21.40 VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 PO 00000 Frm 00035 Fmt 3616 2004 actual Budgetary resources available for obligation: Unobligated balance carried forward, start of year Sfmt 3643 E:\BUDGET\HUD.XXX HUD 3 2005 est. 2006 est. 5 6 HOUSING PROGRAMS—Continued Federal Funds—Continued 562 THE BUDGET FOR FISCAL YEAR 2006 Credit accounts—Continued FHA—GENERAL FHA—LOAN GUARANTEE RECOVERY FUND—FINANCING ACCOUNT— Continued 2004 actual SPECIAL RISK INSURANCE FUNDS LIQUIDATING ACCOUNT Program and Financing (in millions of dollars) Program and Financing (in millions of dollars)—Continued Identification code 86–4106–0–3–371 AND 2004 actual Identification code 86–4072–0–3–371 2005 est. 2006 est. 22.00 New financing authority (gross) .................................... 1 1 ................... 23.90 Total budgetary resources available for obligation 4 6 6 Obligations by program activity: Operating expenses: 00.02 Interest on debentures .............................................. 00.03 Other operating costs ................................................ 00.06 PAE & 3rd party restructuring fees .......................... 24.40 Unobligated balance carried forward, end of year 5 6 6 00.91 New financing authority (gross), detail: Mandatory: 69.00 Offsetting collections (cash) ..................................... 72.40 74.40 1 ................... Change in obligated balances: Obligated balance, start of year ................................... ................... ¥1 ¥1 ¥1 ¥1 ¥1 Obligated balance, end of year ................................ Offsets: Against gross financing authority and financing disbursements: 88.40 Offsetting collections (cash) from: Non-Federal sources .................................................................. 89.00 90.00 1 ¥1 ¥1 ................... Status of Guaranteed Loans (in millions of dollars) 2004 actual 2005 est. 2150 2199 Total guaranteed loan commitments ........................ Guaranteed amount of guaranteed loan commitments 1 1 2 ................... 2 ................... 2210 2231 2251 Cumulative balance of guaranteed loans outstanding: Outstanding, start of year ............................................. Disbursements of new guaranteed loans ...................... Repayments and prepayments ...................................... 5 2 ¥1 6 5 2 ................... ¥3 ¥3 2290 Outstanding, end of year .......................................... 6 5 2 2299 Memorandum: Guaranteed amount of guaranteed loans outstanding, end of year ................................................................ 6 5 2 2004 actual Total capital investment ....................................... 968 890 479 10.00 Total new obligations ................................................ 1,021 950 539 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Resources available from recoveries of prior year obligations ....................................................................... 22.40 Capital transfer to general fund ................................... 22.60 Portion applied to repay debt ........................................ 21.40 22.00 22.10 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 24.40 Unobligated balance carried forward, end of year New budget authority (gross), detail: Mandatory: 60.00 Appropriation ............................................................. 67.10 Authority to borrow .................................................... 69.00 Offsetting collections (cash) ......................................... 4 3 ....................... Total assets ............................................................... LIABILITIES: 2204 Non-Federal liabilities: Liabilities for loan guarantees 3 4 3 4 2999 Total liabilities .......................................................... 3 4 4999 Total liabilities and net position ................................... 3 4 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 nonprofit organizations that were damaged as a result of acts of arson or terrorism. PO 00000 Total new budget authority (gross) .......................... 72.40 73.10 73.20 73.45 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. 74.40 Obligated balance, end of year ................................ Frm 00036 84 1,337 137 ................... 1,450 1,039 31 ................... ................... ¥84 ¥137 ................... ¥210 ¥500 ¥500 Fmt 3616 1,158 ¥1,021 950 ¥950 539 ¥539 137 ................... ................... 724 130 483 462 500 488 183 500 356 1,337 1,450 1,039 600 543 236 1,021 950 539 ¥1,047 ¥1,257 ¥642 ¥31 ................... ................... 543 236 133 Outlays (gross), detail: Outlays from new mandatory authority ......................... 1,047 Outlays from mandatory balances ................................ ................... 713 544 404 238 1,257 642 87.00 ........................ 1999 Jkt 205782 01.01 01.02 01.03 01.04 01.05 01.10 01.11 01.12 01.13 01.14 01.16 86.97 86.98 2003 actual Identification code 86–4106–0–3–371 19:14 Jan 25, 2005 30 5 25 Total operating expenses ...................................... 53 60 60 Capital investment: Claims and other: Acquisition of defaulted Title I notes ....................... 1 1 1 Assignment of mortgages ......................................... 31 54 40 Debenture Claims ...................................................... 70 ................... ................... Mark-To-Market Restructures .................................... 582 484 172 Acquisition of real properties .................................... 8 2 1 Capitalized Expenses ................................................. 26 34 30 Escrow Advances ....................................................... 176 125 105 Upfront Grants ........................................................... 64 100 100 Other .......................................................................... 7 7 7 M&M Contract ........................................................... 3 3 3 Payment to the Financing Account-Asset Sale ......... ................... 80 20 70.00 Balance Sheet (in millions of dollars) VerDate jul 14 2003 30 5 25 2006 est. Position with respect to appropriations act limitation on commitments: 2111 Limitation on guaranteed loans made by private lenders .............................................................................. ................... ................... ................... 2121 Limitation available from carry-forward ....................... 3 2 ................... 2143 Uncommitted limitation carried forward ....................... ¥2 ................... ................... ASSETS: Federal assets: 1101 Fund balances with Treasury .................................. Investments in US securities: 1102 Treasury securities, par ..................................... 2006 est. 01.91 Net financing authority and financing disbursements: Financing authority ........................................................ ................... ................... ................... Financing disbursements ............................................... ¥1 ¥1 ................... Identification code 86–4106–0–3–371 27 1 25 2005 est. Total outlays (gross) ................................................. 1,047 Offsets: Against gross budget authority and outlays: Offsetting collections (cash) from: 88.40 Fees and premiums .............................................. ¥45 88.40 Proceeds from sale of real property ..................... ¥12 88.40 Proceeds from sale of mortgage notes ................ ¥142 88.40 Foreclosure Sale .................................................... ¥209 88.40 Recoveries on defaulted mortgages ..................... ¥55 88.40 Interest, dividends and revenue ........................... ¥20 88.40 Other collections ................................................... ................... ¥70 ¥65 ¥9 ¥8 ¥124 ¥110 ¥35 ................... ¥174 ¥95 ¥50 ¥50 ¥26 ¥28 88.90 Total, offsetting collections (cash) .................. ¥483 ¥488 ¥356 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 854 565 962 769 683 286 Memorandum (non-add) entries: Total investments, start of year: Federal securities: Par value ................................................................... 4 4 6 92.01 Sfmt 3643 E:\BUDGET\HUD.XXX HUD HOUSING PROGRAMS—Continued Federal Funds—Continued DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 92.02 Total investments, end of year: Federal securities: Par value ................................................................... 4 6 6 Summary of Budget Authority and Outlays Financial Condition.—The following tables reflect the revenues, expenses, and financial condition of the GI/SRI Liquidating Account based on Generally Accepted Accounting Principles. (in millions of dollars) Enacted/requested: 2004 actual 2005 est. Budget Authority ..................................................................... 854 962 Outlays .................................................................................... 564 769 Legislative proposal, subject to PAYGO: Budget Authority ..................................................................... .................... .................... Outlays .................................................................................... .................... .................... Total: Budget Authority ..................................................................... Outlays .................................................................................... 854 564 962 769 –100 –60 583 226 Status of Direct Loans (in millions of dollars) 2004 actual Identification code 86–4072–0–3–371 Cumulative balance of direct loans outstanding: 1210 Outstanding, start of year ............................................. 1251 Repayments: Repayments and prepayments ................. 1290 2005 est. 2006 est. 21 ¥1 20 ¥5 15 ¥5 20 15 10 Outstanding, end of year .......................................... 2004 actual Cumulative balance of guaranteed loans outstanding: Outstanding, start of year ............................................. Repayments and prepayments ...................................... Adjustments: 2261 Terminations for default that result in loans receivable ....................................................................... 2262 Terminations for default that result in acquisition of property ............................................................. 2210 2251 17,070 ¥3,822 2005 est. 12,556 ¥4,539 2006 est. 7,476 ¥1,139 ¥684 ¥539 ¥213 ¥8 ¥2 ¥1 Outstanding, end of year .......................................... 12,556 7,476 6,123 2299 Memorandum: Guaranteed amount of guaranteed loans outstanding, end of year ................................................................ 12,556 7,476 6,123 2390 Outstanding, end of year ...................................... ASSETS: Federal assets: 1101 Fund balances with Treasury .................................. Investments in US securities: 1102 Treasury securities, par ..................................... Non-Federal assets: 1201 Investments in non-Federal securities, net ............ 1206 Receivables, net ........................................................ Net value of assets related to pre–1992 direct loans receivable and acquired defaulted guaranteed loans receivable: 1601 Direct loans, gross ................................................... 676 4 4 2 49 3 53 21 20 21 2,420 145 20 2,773 137 1699 1701 1702 1703 Value of assets related to direct loans ......... Defaulted guaranteed loans, gross ......................... Interest receivable ..................................................... Allowance for estimated uncollectible loans and interest (–) ........................................................... –886 –914 1706 Defaulted guaranteed loans and interest receivable, net ................................................. Foreclosed property ................................................... 1,679 9 1,996 1 1799 1901 Value of assets related to loan guarantees .. Other Federal assets: Other assets ............................... 1,688 132 1,997 145 Total assets ............................................................... LIABILITIES: Federal liabilities: 2101 Accounts payable ...................................................... 2105 Other Liabilities ......................................................... Non-Federal liabilities: 2201 Accounts payable ...................................................... 2202 Interest payable ........................................................ 2203 Debt ............................................................................ 2204 Liabilities for loan guarantees ................................ 2207 Unearned revenue and advances ............................ 2,577 2,898 14 ........................ ....................... 47 54 16 265 3,323 370 –8 14 149 2,264 321 2999 2,415 2,773 2,754 684 539 213 ¥209 ¥175 ¥95 ¥134 ¥383 ¥6 17 ................... ................... 2,773 2004 actual 681 1999 2290 Addendum: Cumulative balance of defaulted guaranteed loans that result in loans receivable: 2310 Outstanding, start of year ........................................ 2331 Disbursements for guaranteed loan claims ............. 2351 Repayments of loans receivable ............................... 2361 Write-offs of loans receivable1 ................................. 2364 Other adjustments, net ............................................. 2003 actual1 Identification code 86–4072–0–3–371 1704 Status of Guaranteed Loans (in millions of dollars) Identification code 86–4072–0–3–371 Balance Sheet (in millions of dollars) 2006 est. 683 286 563 2,754 2,866 Total liabilities .......................................................... NET POSITION: 3100 Appropriated capital ........................................................ 3300 Cumulative results of operations ................................... 4,042 2,787 2,026 –3,491 1,686 –1,575 3999 Total net position ..................................................... –1,465 111 4999 Total liabilities and net position ................................... 2,577 2,898 1 Preliminary pending final audit. Object Classification (in millions of dollars) The General Insurance fund provides for a large number of specialized mortgage insurance programs, including the insurance of loans for property improvements as well as for cooperatives, condominiums, nursing homes, rental housing and nonprofit hospitals. The Special Risk Insurance fund provides insurance on behalf of mortgagors who otherwise would not be eligible for mortgage insurance. In addition, the fund provides insurance on mortgages covering experimental housing where strict adherence to State or local building regulations was not observed. 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 is recorded in corresponding program (86–0200) and financing (86–4077 and 86–4105) accounts. Restructuring authorities under the Multifamily Assisted Housing Reform and Affordability Act of 1997 expire at the end of fiscal year 2006 except for binding commitments entered into prior to October 1, 2006. VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 PO 00000 Frm 00037 Fmt 3616 2004 actual Identification code 86–4072–0–3–371 25.2 32.0 33.0 43.0 44.0 2005 est. Other services ................................................................ 29 Land and structures ...................................................... 98 Investments and loans .................................................. 860 Interest and dividends ................................................... 34 Repayments to financing account ................................. ................... 99.9 Total new obligations ................................................ 2006 est. 40 137 663 30 80 950 1,021 40 131 318 30 20 539 f (Legislative proposal, subject to PAYGO) Program and Financing (in millions of dollars) 2004 actual Identification code 86–4072–4–3–371 2005 est. 2006 est. Obligations by program activity: Capital investment: Claims and other: 01.12 Upfront Grants ........................................................... ................... ................... ¥80 10.00 Total new obligations (object class 33.0) ................ ................... ................... ¥80 22.00 23.95 Budgetary resources available for obligation: New budget authority (gross) ........................................ ................... ................... Total new obligations .................................................... ................... ................... ¥80 80 Sfmt 3643 E:\BUDGET\HUD.XXX HUD HOUSING PROGRAMS—Continued Federal Funds—Continued 564 THE BUDGET FOR FISCAL YEAR 2006 Credit accounts—Continued FHA—GENERAL AND SPECIAL RISK INSURANCE FUNDS LIQUIDATING ACCOUNT—Continued Program and Financing (in millions of dollars)—Continued 2004 actual Identification code 86–4072–4–3–371 2005 est. New budget authority (gross), detail: Mandatory: 60.00 Appropriation ............................................................. ................... ................... 69.00 Offsetting collections (cash) ......................................... ................... ................... 69.90 ¥100 20 ¥80 Change in obligated balances: 73.10 Total new obligations .................................................... ................... ................... 73.20 Total outlays (gross) ...................................................... ................... ................... ¥80 40 Outlays (gross), detail: Outlays from new mandatory authority ......................... ................... ................... ¥40 86.97 Spending authority from offsetting collections (total mandatory) ............................................. 1,044 ¥853 770 ¥604 770 ¥604 191 166 166 2006 est. Total new budget authority (gross) .......................... ................... ................... 70.00 New budget authority (gross), detail: Mandatory: 69.00 Offsetting collections (cash) ..................................... 69.47 Portion applied to repay debt ................................... 72.40 73.10 73.20 73.45 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. 74.40 Obligated balance, end of year ................................ 84 84 84 86.97 Outlays (gross), detail: Outlays from new mandatory authority ......................... 190 166 166 Offsets: Against gross budget authority and outlays: Offsetting collections (cash) from: 88.00 Federal sources ..................................................... ................... 88.40 Non-Federal sources ............................................. ¥1,044 ¥590 ¥180 ¥590 ¥180 111 84 84 164 166 166 ¥190 ¥166 ¥166 ¥1 ................... ................... Offsets: Against gross budget authority and outlays: 88.40 Offsetting collections (cash) from: Proceeds from sale of real property ............................................. ................... ................... ¥20 88.90 Total, offsetting collections (cash) .................. ¥1,044 ¥770 ¥770 Net budget authority and outlays: Budget authority ............................................................ ................... ................... Outlays ........................................................................... ................... ................... ¥100 ¥60 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... ¥853 ¥854 ¥604 ¥604 ¥604 ¥604 89.00 90.00 Memorandum (non-add) entries: Total investments, start of year: Federal securities: Par value ................................................................... ................... ................... ................... 92.02 Total investments, end of year: Federal securities: Par value ................................................................... ................... ................... ................... Status of Direct Loans (in millions of dollars) 92.01 Under several statutory provisions, HUD has the authority to remedy problems with the operation and repair of FHAinsured multi-family properties. These authorities allow the use of rehabilitation grants and property sales at prices below their market value for properties in mortgage default. These authorities impose costs on the FHA insurance fund and, as there is little restriction to their use, represent an openended liability. This proposal would make several FHA multifamily authorities subject to appropriations. By making their use subject to appropriations, the Administration and Congress will be able to set the level of activity for these authorities and have an opportunity to better control their use. The 2006 Budget lowers spending under these authorities (relative to the current law baseline level) and therefore creates savings. f HOUSING FOR THE ELDERLY OR HANDICAPPED FUND LIQUIDATING ACCOUNT Program and Financing (in millions of dollars) 2004 actual Identification code 86–4115–0–3–371 00.02 01.01 10.00 Obligations by program activity: Maintenance security and collateral ............................. ................... Operating expenses: Interest on borrowings ................. 164 Total new obligations ................................................ 2005 est. 2006 est. 5 161 5 161 164 166 166 609 191 28 ................... 166 166 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Resources available from recoveries of prior year obligations ....................................................................... 22.40 Capital transfer to general fund ................................... 22.60 Portion applied to repay debt ........................................ 1 ................... ................... ¥25 ¥28 ................... ¥584 ................... ................... 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 192 ¥164 24.40 Unobligated balance carried forward, end of year 21.40 22.00 22.10 166 ¥166 166 ¥166 1210 1251 1264 Cumulative balance of direct loans outstanding: Outstanding, start of year ............................................. Repayments: Repayments and prepayments ................. Write-offs for default: Other adjustments, net ............. 1290 Outstanding, end of year .......................................... 19:14 Jan 25, 2005 Jkt 205782 PO 00000 Fmt 3616 2006 est. 7,449 6,991 6,811 ¥420 ¥180 ¥180 ¥38 ................... ................... 6,991 6,811 6,631 The Housing for the Elderly or Handicapped Fund was established pursuant to section 202 of the Housing Act of 1959, as amended. The fund provided direct loans to nonprofit organizations building and managing housing projects for lower income persons who are elderly or disabled. Projects included an assured range of necessary services for the occupants of such projects. In addition, the section 8 lower income housing assistance payments program has been used in conjunction with the section 202 program. Applications under the two programs have been processed simultaneously. The data included in these schedules represent direct loan activities funded under the Housing for the Elderly or Handicapped Loan Fund. Further, activities in support of the needs of the elderly and disabled have been carried out under a grant program funded in the 1991 Appropriations Act (P.L. 101–507) and authorized in the National Affordable Housing Act (P.L. 101–625). After April 1, 1992, all projects for which there were administrative reservations converted to the capital advance assistance program. The program and financing schedule for this account summarizes the Federal government’s obligations for this loan program. Financing.—Repayments and interest income from loans continue to be available to pay for commitments of the fund. Balance Sheet (in millions of dollars) 2003 actual Identification code 86–4115–0–3–371 28 ................... ................... Frm 00038 2005 est. Note.—Amounts for direct loan obligations reflect reservations of section 202 funds. Loan obligations shown under the program and financing schedule reflect loans that have reached the initial closing stage of processing. 1101 VerDate jul 14 2003 2004 actual Identification code 86–4115–0–3–371 ASSETS: Federal assets: Fund balances with Treasury .............. Sfmt 3633 E:\BUDGET\HUD.XXX HUD 719 2004 actual 111 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION Federal Funds DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 1601 1602 1603 Net value of assets related to pre–1992 direct loans receivable and acquired defaulted guaranteed loans receivable: Direct loans, gross ................................................... Interest receivable ..................................................... Allowance for estimated uncollectible loans and interest (–) ........................................................... 86.90 86.93 10 13 13 –18 –17 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 9 10 13 13 13 13 1699 Value of assets related to direct loans ......... 7,518 7,083 Total assets ............................................................... LIABILITIES: Federal liabilities: 2102 Interest payable ........................................................ 2103 Debt ............................................................................ 2104 Resources payable to Treasury ................................ 2207 Non-Federal liabilities: Other .......................................... 8,237 7,194 108 2,640 4,291 17 81 1,203 4,266 18 2999 Total liabilities .......................................................... NET POSITION: 3100 Unexpended Appropriations .............................................. 3300 Revolving Fund: Cumulative results of operations ...... 7,056 5,568 19 1,162 19 1,607 3999 Total net position ..................................................... 1,181 1,626 4999 Total liabilities and net position ................................... 8,237 7,194 1999 Object Classification (in millions of dollars) 2004 actual 2005 est. Land and structures ...................................................... ................... Interest and dividends ................................................... 164 2006 est. 5 161 166 164 5 161 166 f MANUFACTURED HOUSING FEES TRUST FUND Unavailable Receipts (in millions of dollars) 2004 actual Identification code 86–8119–0–7–376 Receipts: Mobile home inspection and monitoring fees, Manufactured housing ....................................................... Appropriations: 05.00 Manufactured housing fees trust fund ......................... 2005 est. 2006 est. 02.00 07.99 9 13 13 ¥9 ¥13 ¥13 Balance, end of year ..................................................... ................... ................... ................... Program and Financing (in millions of dollars) 2004 actual Identification code 86–8119–0–7–376 10 3 Total outlays (gross) ................................................. 7,052 31 Total new obligations ................................................ 10 3 87.00 7,510 8 99.9 4 6 6,991 78 Direct loans and interest receivable, net ....... Acquired Real Property ............................................. 32.0 43.0 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. 7,449 79 1604 1606 Identification code 86–4115–0–3–371 2005 est. 2006 est. 00.01 00.02 Obligations by program activity: Transfer to salaries and expenses ................................ Other program costs ...................................................... 2 7 1 12 2 11 10.00 Total new obligations (object class 25.2) ................ 9 13 13 21.40 22.00 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ 3 9 3 13 3 13 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 12 ¥9 16 ¥13 24.40 Unobligated balance carried forward, end of year 3 3 3 New budget authority (gross), detail: Discretionary: 40.26 Appropriation (trust fund) ......................................... 9 13 13 72.40 73.10 73.20 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... 3 9 ¥10 2 13 ¥13 2 13 ¥13 74.40 Obligated balance, end of year ................................ 2 2 2 The National Manufactured Housing Construction and Safety Standards Act of 1974, as amended by the Manufactured Housing Improvement Act of 2000, authorizes 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 on June 15, 1976 must comply with Federal construction and safety standards. The 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 manufactured home transportable section produced and will be used to fund the costs of all authorized activities necessary for the consensus committee, HUD, and its agents to carry out all aspects of the manufactured housing legislation. Fees are deposited in a trust fund administered by the Department, and a portion of the fee receipts are transferred to the salaries and expenses account to defray the direct administrative expenses of the program. In 2004, 230,255 transportable sections were produced, for a total of 127,931 manufactured homes. The Manufactured Housing Improvement Act of 2000 created a Manufactured Housing Fees Trust Fund and made spending subject to appropriations. This account provides spending for activities formerly funded under Manufactured Home Inspection and Monitoring. This account also presents activities formerly shown under the Interstate Land Sales account. The Interstate Land Sales Full Disclosure Act provides protection to the public with respect to purchases 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 have helped finance a portion of the direct administrative expenses incurred in program operations. An estimated 600 filings in 2006 will result in $350,000 in fees. 16 ¥13 VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 565 f GOVERNMENT NATIONAL MORTGAGE ASSOCIATION Federal Funds PO 00000 Frm 00039 Fmt 3616 The Housing and Urban Development Act of 1968 authorized the Government National Mortgage Association (Ginnie Mae) to guarantee the timely payment of principal and interest on privately issued securities that are backed by pools of FHA, Veterans Affairs (VA) and Rural Housing Service mortgages. The Ginnie Mae guarantee gives lenders access to the capital markets for funds to originate new loans. New Sfmt 3616 E:\BUDGET\HUD.XXX HUD GOVERNMENT NATIONAL MORTGAGE ASSOCIATION—Continued Federal Funds—Continued 566 THE BUDGET FOR FISCAL YEAR 2006 FHA and VA loans are currently pooled into Ginnie Mae securities. The Budget proposes two new FHA mortgage insurance programs. These programs will increase demand for FHA mortgages and thus increase the volume of Ginnie Mae guarantees of securities backed by FHA mortgages. Financing.—Ginnie Mae issuers are assessed commitment, guarantee and other fees to cover costs incurred by Ginnie Mae and to fund a reserve against possible future payments under the guarantee. f Credit accounts: GUARANTEES OF MORTGAGE-BACKED SECURITIES LOAN GUARANTEE PROGRAM ACCOUNT (INCLUDING TRANSFER OF FUNDS) New 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 $200,000,000,000, to remain available until September 30, ø2006¿ 2007. For administrative expenses necessary to carry out the guaranteed mortgage-backed securities program, ø$10,695,000¿ $11,360,000, to be derived from the GNMA guarantees of mortgage-backed securities guaranteed loan receipt account, of which not to exceed ø$10,695,000¿ $11,360,000, shall be transferred to the appropriation for ‘‘Salaries and expenses’’. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in millions of dollars) 2004 actual Identification code 86–0186–0–1–371 Guaranteed loan levels supportable by subsidy budget authority: 215001 Ginnie Mae mortgage-backed securities ....................... 146,066 215002 Standby commitment authority ..................................... ................... 215901 Total loan guarantee levels ........................................... Guaranteed loan subsidy (in percent): 232001 Ginnie Mae mortgage-backed securities ....................... 232002 Standby commitment authority ..................................... 2005 est. 2006 est. 160,000 40,000 160,000 40,000 146,066 200,000 200,000 ¥0.27 0.00 ¥0.23 0.00 ¥0.23 0.00 232901 Weighted average subsidy rate ..................................... ¥0.27 ¥0.23 ¥0.23 Guaranteed loan subsidy budget authority: 233001 Ginnie Mae mortgage-backed securities ....................... ¥405 ¥368 ¥368 233002 Standby commitment authority ..................................... ................... ................... ................... 233901 Total subsidy budget authority ...................................... ¥405 ¥368 ¥368 Guaranteed loan subsidy outlays: 234001 Ginnie Mae mortgage-backed securities ....................... ¥405 ¥368 ¥368 234002 Standby commitment authority ..................................... ................... ................... ................... 234901 Total subsidy outlays ..................................................... ¥405 ¥368 ¥368 Administrative expense data: 351001 Budget authority ............................................................ 359001 Outlays from new authority ........................................... 11 11 11 11 11 11 As required by the Federal Credit Reform Act of 1990, this account records the administrative expenses of this program. The administrative expenses are estimated on a cash basis. f Unavailable Receipts (in millions of dollars) GUARANTEES 2004 actual Identification code 86–0186–0–1–371 01.99 2005 est. 2006 est. Balance, start of year .................................................... Receipts: 02.20 GNMA-guarantees of mortgage backed securities guarantee loans, N .................................................... 2,084 2,478 2,835 405 368 368 04.00 Total: Balances and collections .................................... Appropriations: 05.00 Guarantees of mortgage-backed securities loan guarantee program ........................................................... 2,489 2,846 3,203 ¥11 ¥11 ¥11 07.99 2,478 2,835 3,192 OF MORTGAGE-BACKED SECURITIES FINANCING ACCOUNT Program and Financing (in millions of dollars) 2004 actual Identification code 86–4240–0–3–371 2005 est. 2006 est. Obligations by program activity: Default Claim Payments ................................................ Advances and other ....................................................... Operating expenses ........................................................ 260 18 6 70 28 25 600 29 27 00.91 08.01 Direct Program by Activities—Subtotal (1 level) Payment to receipt account for negative subsidy ........ 284 405 123 368 656 368 10.00 Balance, end of year ..................................................... 00.01 00.03 00.04 Total new obligations ................................................ 689 491 1,024 21.40 22.00 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New financing authority (gross) .................................... 783 456 550 480 539 491 Program and Financing (in millions of dollars) 2004 actual Identification code 86–0186–0–1–371 2005 est. 2006 est. 00.09 Obligations by program activity: Administrative expenses, salaries and expenses .......... 11 11 11 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 1,239 ¥689 1,030 ¥491 1,030 ¥1,024 10.00 Total new obligations (object class 25.3) ................ 11 11 11 24.40 Unobligated balance carried forward, end of year 550 539 6 22.00 23.95 Budgetary resources available for obligation: New budget authority (gross) ........................................ Total new obligations .................................................... 11 ¥11 11 ¥11 11 ¥11 New financing authority (gross), detail: Mandatory: 69.00 Offsetting collections (cash) ..................................... 456 480 491 72.40 73.10 73.20 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total financing disbursements (gross) ......................... 55 689 ¥427 317 491 ¥753 55 1,024 ¥1,024 74.40 87.00 Obligated balance, end of year ................................ Total financing disbursements (gross) ......................... 317 427 55 753 55 1,024 Offsets: Against gross financing authority and financing disbursements: Offsetting collections (cash) from: 88.25 Interest on uninvested funds ............................... 88.40 Guarantee Fees ..................................................... 88.40 Commitment and other fees ................................. 88.40 Multiclass fees ...................................................... 88.40 Repayment of advances ....................................... 88.40 Servicing Fees ....................................................... ¥55 ¥307 ¥31 ¥35 ¥15 ¥1 ¥57 ¥323 ¥35 ¥37 ¥15 ¥2 ¥62 ¥329 ¥33 ¥39 ¥16 ¥2 New budget authority (gross), detail: Discretionary: 40.20 Appropriation (special fund) ..................................... 11 11 11 Change in obligated balances: 73.10 Total new obligations .................................................... 73.20 Total outlays (gross) ...................................................... 11 ¥11 11 ¥11 11 ¥11 86.90 Outlays (gross), detail: Outlays from new discretionary authority ..................... 11 11 11 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 11 11 11 11 11 11 VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 PO 00000 Frm 00040 Fmt 3616 Sfmt 3643 E:\BUDGET\HUD.XXX HUD GOVERNMENT NATIONAL MORTGAGE ASSOCIATION—Continued Federal Funds—Continued DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 88.40 Repayment on Mortgages ..................................... ¥12 ¥11 ¥10 88.90 Total, offsetting collections (cash) .................. ¥456 ¥480 ¥491 GUARANTEES OF 567 MORTGAGE-BACKED SECURITIES LIQUIDATING ACCOUNT Program and Financing (in millions of dollars) Net financing authority and financing disbursements: 89.00 Financing authority ........................................................ ................... ................... ................... 90.00 Financing disbursements ............................................... ¥29 273 533 2004 actual Identification code 86–4238–0–3–371 Obligations by program activity: Administrative contract expenses .................................. Operating expenses: 00.03 Servicing expenses .................................................... 00.01 2150 2199 Total guaranteed loan commitments ........................ Guaranteed amount of guaranteed loan commitments 2210 2231 2251 2261 Cumulative balance of guaranteed loans outstanding: Outstanding, start of year ............................................. Disbursements of new guaranteed loans ...................... Repayments and prepayments ...................................... Adjustments: Terminations for default that result in loans receivable ........................................................ 2290 Outstanding, end of year .......................................... 2299 Memorandum: Guaranteed amount of guaranteed loans outstanding, end of year ................................................................ 2005 est. 2006 est. Outstanding, end of year ...................................... 53 57 2 7 7 Total operating expenses ...................................... Capital investment: Advances of guaranty payments ............................... 59 60 64 19 47 45 Total new obligations ................................................ 78 107 109 21.40 22.00 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ 7,229 392 7,543 464 7,900 470 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 7,621 ¥78 8,007 ¥107 8,370 ¥109 24.40 Unobligated balance carried forward, end of year 7,543 7,900 8,261 New budget authority (gross), detail: Mandatory: 60.00 Appropriation ............................................................. ................... 69.00 Offsetting collections (cash) ......................................... 392 53 411 57 413 00.91 200,000 37,052 ¥90,986 200,000 90,986 ¥130,986 200,000 130,986 ¥170,986 146,066 146,066 160,000 160,000 160,000 160,000 473,799 149,081 ¥169,457 453,163 160,000 ¥120,735 492,358 160,000 ¥80,934 ¥260 ¥70 ¥600 453,163 492,358 570,824 70.00 Total new budget authority (gross) .......................... 392 464 470 570,824 72.40 73.10 73.20 Change in obligated balances: Obligated balance, start of year1 .................................. Total new obligations .................................................... Total outlays (gross) ...................................................... ¥28 78 ¥71 ¥21 107 ¥185 ¥99 109 ¥106 74.40 Obligated balance, end of year ................................ ¥21 ¥99 ¥96 86.97 Outlays (gross), detail: Outlays from new mandatory authority ......................... 71 185 106 453,163 492,358 Addendum: Cumulative balance of defaulted guaranteed loans that result in loans receivable: 2310 Outstanding, start of year ........................................ ................... 260 330 2331 Disbursements for guaranteed loan claims ............. 260 70 600 2351 Repayments of loans receivable ............................... ................... ................... ................... 2361 Write-offs of loans receivable ................................... ................... ................... ................... 2390 57 10.00 2004 actual Position with respect to appropriations act limitation on commitments: 2111 Limitation on guaranteed loans made by private lenders .............................................................................. 2121 Limitation available from carry-forward ....................... 2143 Uncommitted limitation carried forward ....................... 2006 est. 01.01 Status of Guaranteed Loans (in millions of dollars) Identification code 86–4240–0–3–371 2005 est. 260 330 930 Balance Sheet (in millions of dollars) 2003 actual Identification code 86–4240–0–3–371 ASSETS: Federal assets: Fund balances with Treasury .............. Non-Federal assets: Receivables, net ............................ Net value of assets related to pre–1992 direct loans receivable and acquired defaulted guaranteed loans receivable: 1601 Direct loans, gross ................................................... 1603 Allowance for estimated uncollectible loans and interest (–) ........................................................... 1101 1206 839 26 2004 actual 868 25 Offsets: Against gross budget authority and outlays: Offsetting collections (cash) from: 88.20 Interest on Federal securities ............................... 88.40 Repayments of guaranteed payments .................. 88.40 Servicing income ................................................... 88.40 Repayments on mortgages ................................... ¥373 ¥398 ¥401 ¥13 ¥12 ¥11 ¥1 ¥1 ¥1 ¥5 ................... ................... 88.90 ¥392 ¥411 ¥413 Net budget authority and outlays: Budget authority ............................................................ ................... Outlays ........................................................................... ¥321 53 ¥226 57 ¥307 7,241 7,562 7,905 7,562 7,905 8,213 89.00 90.00 Total, offsetting collections (cash) .................. Memorandum (non-add) entries: Total investments, start of year: Federal securities: Par value ................................................................... 92.02 Total investments, end of year: Federal securities: Par value ................................................................... 92.01 50 40 –13 –7 37 33 69 385 Total assets ............................................................... LIABILITIES: Non-Federal liabilities: 2201 Accounts payable ...................................................... 2207 Other .......................................................................... 971 1,311 151 10 82 398 2999 Total liabilities .......................................................... NET POSITION: 3300 Cumulative results of operations ................................... 161 480 810 831 3999 Total net position ..................................................... 810 831 4999 Total liabilities and net position ................................... 971 1,311 1 This 1699 1803 Value of assets related to direct loans ......... Other Federal assets: Property, plant and equipment, net ................................................................................ 1999 Status of Direct Loans (in millions of dollars) Note.—Ginnie Mae guarantees the timely payment of principal and interest installments on securities which are backed by FHA-insured, Rural Housing Service-insured, and VA-guaranteed mortgages. Such guarantees are excluded from the Government total of guaranteed obligations duplicating FHA, Rural Housing Service, and VA guarantees. VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 PO 00000 line nets unpaid obligations and offsetting collections from new Federal sources. Frm 00041 Fmt 3616 2004 actual Identification code 86–4238–0–3–371 Cumulative balance of direct loans outstanding: Outstanding, start of year ............................................. Disbursements: Purchase of loans assets from the public ......................................................................... 1252 Repayments: Proceeds from loan asset sales to the public or discounted ................................................. 1263 Write-offs for default: Direct loans ............................... 1210 1232 1290 Outstanding, end of year .......................................... 2005 est. 2006 est. 105 12 17 19 47 45 ¥13 ¥99 ¥12 ¥30 ¥11 ¥28 12 17 23 Status of Guaranteed Loans (in millions of dollars) 2004 actual Identification code 86–4238–0–3–371 2210 Cumulative balance of guaranteed loans outstanding: Outstanding, start of year ............................................. Sfmt 3643 E:\BUDGET\HUD.XXX HUD 109 2005 est. 96 2006 est. 82 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION—Continued Federal Funds—Continued 568 THE BUDGET FOR FISCAL YEAR 2006 Credit accounts—Continued GUARANTEES OF MORTGAGE-BACKED SECURITIES LIQUIDATING ACCOUNT—Continued Status of Guaranteed Loans (in millions of dollars)—Continued 2004 actual Identification code 86–4238–0–3–371 2005 est. 2006 est. 2251 Repayments and prepayments ...................................... ¥13 ¥14 ¥15 2290 Outstanding, end of year .......................................... 96 82 67 2299 Memorandum: Guaranteed amount of guaranteed loans outstanding, end of year1 ............................................................... 96 82 67 and Community Development Act of 1974, as amended, as follows: $2,989,000 to support Alaska Native serving institutions and Native Hawaiian serving institutions as defined under the Higher Education Act, as amended; $2,562,000 for tribal colleges and universities to build, expand, renovate, and equip their facilities and to expand the role of the colleges into the community through the provision of needed services such as health programs, job training and economic development activities; $8,967,000 for Historically Black Colleges and Universities program, of which up to $2,000,000 may be used for technical assistance; $5,979,000 for the Community Outreach Partnership Program; $5,979,000 for the Hispanic Serving Institutions Program; and $2,562,000 for the Community Development Work Study Program. (Departments of Veterans Affairs and Housing and Urban Development and Independent Agencies Appropriations Act, FY 2005.) Program and Financing (in millions of dollars) Balance Sheet (in millions of dollars) Identification code 86–4238–0–3–371 2004 actual Identification code 86–0108–0–1–451 2003 actual 2004 actual 00.01 00.02 00.03 ASSETS: Federal assets: Investments in US securities: 1102 Treasury securities, par ..................................... 1106 Receivables, net ................................................. 1206 Non-Federal assets: Receivables, net ............................ Net value of assets related to pre–1992 direct loans receivable and acquired defaulted guaranteed loans receivable: 1601 Direct loans, gross ................................................... 1603 Allowance for estimated uncollectible loans and interest (–) ........................................................... 7,216 63 11 7,540 63 7 2005 est. 2006 est. Obligations by program activity: Housing Research .......................................................... 41 40 41 PATH ............................................................................... 8 10 ................... University Programs ....................................................... ................... ................... 29 12 –105 –9 Value of assets related to direct loans ......... ........................ 7,290 7,613 49 50 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ 7 47 5 ................... 45 70 23.90 23.95 Total budgetary resources available for obligation Total new obligations .................................................... 54 ¥49 24.40 Unobligated balance carried forward, end of year 50 ¥50 70 70 ¥70 3 Total assets ............................................................... LIABILITIES: Non-Federal liabilities: 2201 Accounts payable ...................................................... 2207 Other .......................................................................... Total new obligations ................................................ 21.40 22.00 105 10.00 1699 1999 34 509 38 505 543 7,070 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 47 40.35 Appropriation permanently reduced .......................... ................... 543 6,747 5 ................... ................... Total liabilities .......................................................... NET POSITION: 3300 Cumulative results of operations ................................... Total net position ..................................................... 6,747 7,070 4999 Total liabilities and net position ................................... 7,290 Appropriation (total discretionary) ........................ 72.40 73.10 73.20 73.40 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Adjustments in expired accounts (net) ......................... Obligated balance, end of year ................................ 36 43 57 86.90 86.93 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. 23 20 18 25 28 28 87.00 3999 43.00 74.40 2999 47 46 70 ¥1 ................... 45 70 Total outlays (gross) ................................................. 43 43 56 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 47 43 45 43 70 56 30 36 43 49 50 70 ¥43 ¥43 ¥56 ¥1 ................... ................... 7,613 Note.—Ginnie Mae guarantees the timely payment of principal and interest installments on securities which are backed by FHA-insured, Rural Housing Service, and VA-guaranteed mortgages. Such guarantees are excluded from the Government total of guaranteed obligations duplicating FHA, Rural Housing Service, and VA guarantees. Object Classification (in millions of dollars) 2004 actual Identification code 86–4238–0–3–371 2005 est. 2006 est. 25.2 33.0 Other services ................................................................ Investments and loans .................................................. 59 19 60 47 64 45 99.9 Total new obligations ................................................ 78 107 109 f POLICY DEVELOPMENT AND RESEARCH Federal Funds General and special funds: RESEARCH AND TECHNOLOGY For 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, as amended (12 U.S.C. 1701z–1 et seq.), including carrying out the functions of the Secretary under section 1(a)(1)(i) of Reorganization Plan No. 2 of 1968, ø$45,500,000¿ $69,738,000, to remain available until September 30, ø2006: Provided, That of the total amount provided under this heading, $7,000,000 shall be for the Partnership for Advancing Technology in Housing (PATH) Initiative: Provided further, That of the amounts made available for PATH under this heading, $3,500,000 shall not be subject to the requirements of section 205 of this title¿ 2007, of which $29,038,000 is for grants pursuant to section 107 of the Housing VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 PO 00000 Frm 00042 Fmt 3616 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 and through contracts with industry, nonprofit research organizations, and educational institutions, and through agreements with State and local governments and other Federal agencies. In 2006, the research program includes funds for program evaluations and for work related to the removal of barriers to affordable housing. National surveys will continue in 2005. Funds are not requested for the Partnership for Advancing Technology (PATH) program in 2006. Research and evaluation activities will also support the Department in carrying out its responsibilities under the Government Performance and Results Act. In 2006 the University Partnership Program grants will be funded from this account. These grants, pursuant to Section 107 of the Housing and Community Development Act of 1974, were funded under the Community Development Block Grant account. These programs were and will continue Sfmt 3616 E:\BUDGET\HUD.XXX HUD FAIR HOUSING AND EQUAL OPPORTUNITY Federal Funds DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT to be administered by the Office of Policy Development and Research. The University Partnership Programs provide grants to colleges and universities to assist institutions of higher education in forming partnerships with the communities in which they are located to undertake a range of activities that foster and achieve neighborhood development and revitalization. Funds also support a work study program for disadvantaged and minority students in graduate level community building curricula. The University Partnership Programs include the following: Alaska Native and Native Hawaiian Serving Institutions program, Tribal Colleges and University program, Historically Black Colleges and Universities program, Community Outreach Partnerships program, Hispanic Serving Institutions program and the Community Development Work Study Program. Object Classification (in millions of dollars) 2004 actual Identification code 86–0108–0–1–451 2005 est. 2006 est. 25.2 41.0 Other services ................................................................ Grants, subsidies, and contributions ............................ 46 3 47 3 38 32 99.9 Total new obligations ................................................ 49 50 70 f FAIR HOUSING AND EQUAL OPPORTUNITY Federal Funds General and special funds: FAIR HOUSING ACTIVITIES For 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, ø$46,500,000¿ $38,800,000, to remain available until September 30, ø2006¿ 2007, of which ø$20,000,000¿ $16,100,000 shall be to carry out activities pursuant to such section 561: Provided, 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. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) Program and Financing (in millions of dollars) 2004 actual Identification code 86–0144–0–1–751 2005 est. 2006 est. 00.01 00.02 Obligations by program activity: Fair housing assistance ................................................ Fair housing initiatives .................................................. 39 24 28 21 23 16 10.00 Total new obligations (object class 41.0) ................ 63 49 39 21.40 22.00 22.10 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Resources available from recoveries of prior year obligations ....................................................................... 23 48 8 46 5 39 1 ................... ................... 23.90 23.95 23.98 Total budgetary resources available for obligation Total new obligations .................................................... Unobligated balance expiring or withdrawn ................. 24.40 Unobligated balance carried forward, end of year 8 5 5 40.00 New budget authority (gross), detail: Discretionary: Appropriation ............................................................. 48 46 39 72.40 73.10 73.20 73.45 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. 74.40 Obligated balance, end of year ................................ 65 68 64 86.90 Outlays (gross), detail: Outlays from new discretionary authority ..................... 1 3 3 VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 72 54 44 ¥63 ¥49 ¥39 ¥1 ................... ................... 49 65 68 63 49 39 ¥46 ¥46 ¥43 ¥1 ................... ................... PO 00000 Frm 00043 Fmt 3616 569 86.93 Outlays from discretionary balances ............................. 45 43 40 87.00 Total outlays (gross) ................................................. 46 46 43 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 48 46 46 46 39 43 Performance Metrics 2004 actual Identification code 86–0144–0–1–751 Fair Housing Initiatives Program: 218603 The percentage of enforcement efforts that result in complaints referred to HUD by FHIPs will increase by 2 percentage points ................................. 218604 The percentage of complaints settled. .......................... 218605 The average amount of allocated PEI funding used per complaint referred to FHAPs and HUD ............... 218606 Percentage of the general public who can correctly identify six or more of the eight scenarios describing illegal conduct as unlawful ................................ 218609 Amount of FHOI funding allocated to each new fair housing organization established ............................. Fair Housing Assistance Program: 243803 Improve the public’s confidence in enforcement by reducing by four percentage points, from FY 2004, the number of aged cases in the overall FHAP inventory. ................................................................... 243804 In order to increase the nation’s capacity to provide coordinated enforcement of fair housing laws, certify two new substantially equivilent agencies under the Fair Housing Act ....................................... 243805 FHAP grantees increase access to sale and rental housing by completing fair housing conciliation/ settlement agreements in at least 33 percent of the complaints files in FY 2005 ............................... 243806 Increase the percentage of FHAP complaints closed in 100 days or less to 60 percent. ........................... 243807 Percentage of the general public who can correctly identify six or more of the eight scenarios describing illegal conduct as unlawful ................................ 243808 Comparision between the amount of FHAP funding spent on training per person versus the amount of training money allocated per person for training through the National Fair Housing T ........................ 2005 est. 2006 est. ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... 60% ................... ................... ................... ................... 39% 35% 100 100 102 2044 2150 2150 ................... 60% ................... ................... ................... $2,801 60% $1,789 ................... The Budget proposes an appropriation of $38.8 million in 2006 to fund fair housing activities that support efforts to end housing discrimination. Of the amount requested, $22.7 million is for the Fair Housing Assistance Program and $16.1 million is for the Fair Housing Initiatives Program. The Fair Housing Assistance Program (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. The funding requested for FHAP will support fair housing enforcement by increasing funding to support additional State and local fair housing organizations to meet the needs of currently underserved populations. It will also address the persistent high rate of discrimination against minorities as identified by the 2000 Housing Discrimination Study. It is estimated that the number of new State and local agencies with laws equivalent to the Fair Housing Act will increase to 104 in 2006 from 100 in 2005. The Fair Housing Initiatives Program (FHIP), authorized by the Housing and Community Development Act of 1987, as amended by the Housing and Community Development Act of 1992, provides support to public and private organizations for the purpose of eliminating or preventing discrimination in housing and for enhancing fair housing opportunities. FHIP provides funding for projects that inform and educate the public, including housing providers, on the rights and obligations of the Fair Housing Act and about substantially equivalent state and local fair housing laws. Sfmt 3616 E:\BUDGET\HUD.XXX HUD OFFICE OF LEAD HAZARD CONTROL Federal Funds 570 THE BUDGET FOR FISCAL YEAR 2006 OFFICE OF LEAD HAZARD CONTROL 86.90 86.93 Federal Funds 3 131 2 136 87.00 General and special funds: Total outlays (gross) ................................................. 113 134 138 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 174 113 167 134 119 138 LEAD HAZARD REDUCTION For the Lead Hazard Reduction Program, as authorized by section 1011 of the Residential Lead-Based Paint Hazard Reduction Act of 1992, ø$168,000,000¿ $119,000,000, to remain available until September 30, ø2006¿ 2007, of which ø$9,900,000¿ $8,815,000 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 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 1994ø: Provided further, That of the total amount made available under this heading, $47,000,000 shall be made available on a competitive basis for areas with the highest lead paint abatement needs, as identified by the Secretary as having: (1) the highest number of occupied pre-1940 units of rental housing; and (2) a disproportionately high number of documented cases of leadpoisoned children: Provided further, That each grantee receiving funds under the previous proviso shall target those privately owned units and multifamily buildings that are occupied by low-income families as defined under section 3(b)(2) of the United States Housing Act of 1937: Provided further, That not less than 90 percent of the funds made available under this paragraph shall be used exclusively for abatement, inspections, risk assessments, temporary relocations and interim control of lead-based hazards as defined by 42 U.S.C. 4851: Provided further, That each recipient of funds provided under the first proviso shall make a matching contribution in an amount not less than 25 percent: Provided further, That each applicant shall submit a detailed plan and strategy that demonstrates adequate capacity that is acceptable to the Secretary to carry out the proposed use of funds pursuant to a Notice of Funding Availability¿. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) Program and Financing (in millions of dollars) 2004 actual Identification code 86–0174–0–1–451 2005 est. 2006 est. 00.01 Obligations by program activity: Lead abatement ............................................................. 180 177 119 10.00 Total new obligations (object class 41.0) ................ 180 177 119 21.40 22.00 22.10 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Resources available from recoveries of prior year obligations ....................................................................... 14 174 10 ................... 167 119 23.90 23.95 Outlays (gross), detail: Outlays from new discretionary authority ..................... ................... Outlays from discretionary balances ............................. 113 Total budgetary resources available for obligation Total new obligations .................................................... Title X of the Housing and Community Development Act of 1992 (Public Law 102–550), known as the Residential LeadBased 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 hazards in their homes. The program is a major part of a 10-year strategy to eliminate lead poisoning in children. The 2006 Budget includes $93 million for HUD’s Lead Hazard Control Program competitive grants and $8.8 million for operation LEAP. The Technical Support Program and the Healthy Homes Initiative are also funded at $8.8 million each. Operation LEAP funds will be used to leverage other private and public sector resources for the lead hazard control program. The Lead Hazard Control Grant Program provides grants of $1 million to $2.5 million to State and local governments and Indian tribes for control of lead-based paint hazards in privately owned, low-income owner-occupied and rental 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. The Healthy Homes Initiative will enable the Department to assess and control housing-related hazards that contribute to childhood diseases and injuries. The initiative will demonstrate and evaluate methods for controlling two or more housing related diseases through a single intervention. A public education/outreach effort, that enables the public to act effectively to protect their children from exposure to hazards, will also be conducted. The Office of Healthy Homes and Lead Hazard Control will continue its Technical Support program, which will include public education; technical assistance for State and local agencies, private property owners, HUD programs and field offices and professional organizations; 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. f 2 ................... ................... 190 ¥180 177 ¥177 MANAGEMENT AND ADMINISTRATION 119 ¥119 Federal Funds General and special funds: 24.40 Unobligated balance carried forward, end of year 10 ................... ................... 175 ¥1 168 119 ¥1 ................... 43.00 Appropriation (total discretionary) ........................ 174 167 72.40 73.10 73.20 73.45 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. 74.40 Obligated balance, end of year ................................ VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 SALARIES AND EXPENSES (INCLUDING TRANSFER OF FUNDS) New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 40.35 Appropriation permanently reduced .......................... 119 364 429 472 180 177 119 ¥113 ¥134 ¥138 ¥2 ................... ................... 429 PO 00000 472 Frm 00044 453 Fmt 3616 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; and not to exceed $25,000 for official reception and representation expenses, ø$1,120,000,000¿ $1,152,519,000, of which ø$560,400,000¿ $562,400,000 shall be provided from the various funds of the Federal Housing Administration, ø$10,695,000¿ $10,695,000 shall be provided from funds of the Government National Mortgage Association, ø$1,000,000 shall be provided from the ‘‘Community development loan guarantees program’’ account, $150,000¿ $146,000 shall be provided Sfmt 3616 E:\BUDGET\HUD.XXX HUD MANAGEMENT AND ADMINISTRATION—Continued Federal Funds—Continued DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT by transfer from the ‘‘Native American housing block grants’’ account, ø$250,000¿ $244,000 shall be provided by transfer from the ‘‘Indian housing loan guarantee fund program’’ account and ø$35,000¿ $34,000 shall be transferred from the ‘‘Native Hawaiian housing loan guarantee fund’’ accountø: Provided, That funds made available under this heading shall only be allocated in the manner specified in the report accompanying this Act unless the Committees on Appropriations of both the House of Representatives and the Senate are notified of any changes in an operating plan or reprogramming¿: Provided further, That no official or employee of the Department shall be designated as an allotment holder unless the Office of the Chief Financial Officer (OCFO) has determined that such allotment holder has implemented an adequate system of funds control and has received training in funds control procedures and directives: Provided further, That the Chief Financial Officer shall establish positive control of and maintain adequate systems of accounting for appropriations and other available funds as required by 31 U.S.C. 1514: Provided further, That for purposes of funds control and determining whether a violation exists under the Anti-Deficiency Act (31 U.S.C. 1341 et seq.), the point of obligation shall be the executed agreement or contract, except with respect to insurance and guarantee programs, certain types of salaries and expenses funding, and incremental funding that is authorized under an executed agreement or contract, and shall be designated in the approved funds control plan: Provided further, That the Chief Financial Officer shall: (1) appoint qualified personnel to conduct investigations of potential or actual violations; (2) establish minimum training requirements and other qualifications for personnel that may be appointed to conduct investigations; (3) establish guidelines and timeframes for the conduct and completion of investigations; (4) prescribe the content, format and other requirements for the submission of final reports on violations; and (5) prescribe such additional policies and procedures as may be required for conducting investigations of, and administering, processing, and reporting on, potential and actual violations of the Anti-Deficiency Act and all other statutes and regulations governing the obligation and expenditure of funds made available in this or any other Act: Provided further, That up to $20,000,000 may be transferred to the Working Capital Fundø: Provided further, That the Secretary shall fill 7 out of 10 vacancies at the GS–14 and GS–15 levels until the total number of GS–14 and GS–15 positions in the Department has been reduced from the number of GS–14 and GS–15 positions on the date of enactment of Public Law 106–377 by 21⁄2 percent¿. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) Program and Financing (in millions of dollars) 2004 actual Identification code 86–0143–0–1–999 2005 est. 2006 est. 70.00 Total new budget authority (gross) .......................... 72.40 73.10 73.20 73.40 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Adjustments in expired accounts (net) ......................... 74.40 Obligated balance, end of year ................................ 129 128 137 86.90 86.93 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. 995 110 987 125 1,020 124 87.00 Total outlays (gross) ................................................. 1,105 1,112 1,144 Offsets: Against gross budget authority and outlays: 88.00 Offsetting collections (cash) from: Federal sources ¥576 ¥568 ¥574 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 544 530 543 544 579 570 89.00 90.00 1,120 571 1,111 1,153 117 129 128 1,127 1,111 1,153 ¥1,105 ¥1,112 ¥1,144 ¥10 ................... ................... This appropriation finances all salaries and related costs associated with administering the programs of the Department of Housing and Urban Development, including: housing and mortgage credit programs; community planning and development programs; equal opportunity, research, regulatory and insurance programs; departmental management, and legal services; and, field direction and administration. Object Classification (in millions of dollars) 2004 actual Identification code 86–0143–0–1–999 11.1 11.3 11.5 11.9 12.1 21.0 23.1 23.3 24.0 25.1 25.2 25.3 Direct obligations: Personnel compensation: Full-time permanent ............................................. Other than full-time permanent ........................... Other personnel compensation ............................. 2005 est. 2006 est. 333 3 7 345 3 7 361 3 7 Total personnel compensation ......................... 343 Civilian personnel benefits ....................................... 83 Travel and transportation of persons ....................... 9 Rental payments to GSA ........................................... 49 Communications, utilities, and miscellaneous charges ................................................................. 12 Printing and reproduction ......................................... 2 Advisory and assistance services ............................. 41 Other services ............................................................ 2 Other purchases of goods and services from Government accounts ................................................. 1 Operation and maintenance of facilities .................. 2 Operation and maintenance of equipment ............... 1 Supplies and materials ............................................. 3 Equipment ................................................................. 3 Insurance claims and indemnities ........................... ................... 355 85 8 48 371 89 10 52 12 2 23 2 13 2 29 2 Direct program: Direct program: 00.01 Housing, mortgage credit, regulatory and energy conservation .......................................................... 00.02 Community planning and development programs 00.03 Equal opportunity and research programs ............... 00.04 Departmental management, legal and audit services ........................................................................ 00.05 Field direction and administration ........................... 09.01 Reimbursable program .................................................. 239 44 47 237 43 46 253 46 49 48 173 576 47 170 568 50 181 574 99.0 99.0 Direct obligations .................................................. Reimbursable obligations .............................................. 551 576 543 568 579 574 09.99 Total reimbursable program ...................................... 576 568 574 99.9 Total new obligations ................................................ 1,127 1,111 1,153 10.00 Total new obligations ................................................ 1,127 1,111 1,153 Budgetary resources available for obligation: 21.40 Unobligated balance carried forward, start of year 22.00 New budget authority (gross) ........................................ 23.90 23.95 23.98 24.40 Total budgetary resources available for obligation Total new obligations .................................................... Unobligated balance expiring or withdrawn ................. 1,136 1,111 1,153 ¥1,127 ¥1,111 ¥1,153 ¥8 ................... ................... Unobligated balance carried forward, end of year ................... ................... ................... New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 40.35 Appropriation permanently reduced .......................... 43.00 68.00 16 ................... ................... 1,120 1,111 1,153 Appropriation (total discretionary) ........................ Spending authority from offsetting collections: Offsetting collections (cash) .............................................. VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 25.4 25.7 26.0 31.0 42.0 1 1 2 3 1 1 2 3 1 3 1 ................... Personnel Summary 2004 actual Identification code 86–0143–0–1–999 Direct: 1001 Total compensable workyears: Civilian full-time equivalent employment ...................................................... Reimbursable: 2001 Total compensable workyears: Civilian full-time equivalent employment ...................................................... 2005 est. 2006 est. 4,420 4,307 4,346 4,612 4,493 4,535 f 547 ¥3 544 543 579 576 568 574 OFFICE 547 579 ¥4 ................... PO 00000 Frm 00045 Fmt 3616 OF INSPECTOR GENERAL (INCLUDING TRANSFER OF FUNDS) For necessary expenses of the Office of Inspector General in carrying out the Inspector General Act of 1978, as amended, ø$104,000,000¿ $103,000,000, of which $24,000,000 shall be provided Sfmt 3616 E:\BUDGET\HUD.XXX HUD MANAGEMENT AND ADMINISTRATION—Continued Federal Funds—Continued 572 THE BUDGET FOR FISCAL YEAR 2006 23.3 General and special funds—Continued OFFICE OF INSPECTOR GENERAL—Continued Communications, utilities, and miscellaneous charges ................................................................. ................... 1 ................... Advisory and assistance services ............................. 8 9 9 Other services ............................................................ 1 1 1 Other purchases of goods and services from Government accounts ................................................. 1 1 ................... Supplies and materials ............................................. 1 ................... ................... 25.1 25.2 25.3 (INCLUDING TRANSFER OF FUNDS)—Continued from the various funds of the Federal Housing Administration: Provided, That the Inspector General shall have independent authority over all personnel issues within this officeø: Provided further, That $300,000 shall be transferred to the Working Capital Fund¿. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) 26.0 99.0 99.0 Direct obligations .................................................. Reimbursable obligations .............................................. 76 24 79 24 79 24 99.9 Total new obligations ................................................ 100 103 103 Program and Financing (in millions of dollars) Personnel Summary 2004 actual Identification code 86–0189–0–1–451 2005 est. 2006 est. 2004 actual Identification code 86–0189–0–1–451 Obligations by program activity: 00.01 Direct program ............................................................... 09.01 Reimbursable program .................................................. 76 24 79 24 79 24 10.00 Total new obligations ................................................ 100 103 103 22.00 23.95 Budgetary resources available for obligation: New budget authority (gross) ........................................ Total new obligations .................................................... 101 ¥100 103 ¥103 Direct: Total compensable workyears: Civilian full-time equivalent employment ...................................................... Reimbursable: 2001 Total compensable workyears: Civilian full-time equivalent employment ...................................................... 497 489 162 163 161 f (Legislative proposal, not subject to PAYGO) 80 79 ¥1 ................... Appropriation (total discretionary) ........................ Spending authority from offsetting collections: Offsetting collections (cash) .............................................. 77 79 24 24 24 Total new budget authority (gross) .......................... 101 103 103 Program and Financing (in millions of dollars) 79 Change in obligated balances: 72.40 Obligated balance, start of year ................................... 73.10 Total new obligations .................................................... 73.20 Total outlays (gross) ...................................................... 73.40 Adjustments in expired accounts (net) ......................... 74.40 495 GSE REGULATION New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 77 40.35 Appropriation permanently reduced .......................... ................... 70.00 2006 est. 1001 103 ¥103 43.00 68.00 2005 est. 2004 actual Identification code 86–0142–2–1–371 2005 est. 2006 est. Obligated balance, end of year ................................ 19 Outlays (gross), detail: 86.90 Outlays from new discretionary authority ..................... 86.93 Outlays from discretionary balances ............................. 19 Obligations by program activity: GSE Regulation expenses .............................................. ................... ................... 6 10.00 21 19 19 100 103 103 ¥100 ¥103 ¥103 ¥1 ................... ................... 09.00 Total new obligations ................................................ ................... ................... 6 22.00 23.95 Budgetary resources available for obligation: New budget authority (gross) ........................................ ................... ................... Total new obligations .................................................... ................... ................... 6 ¥6 New budget authority (gross), detail: Mandatory: 69.00 Offsetting collections (cash) ..................................... ................... ................... 6 19 83 17 85 18 85 18 Total outlays (gross) ................................................. 100 103 103 73.10 73.20 Change in obligated balances: Total new obligations .................................................... ................... ................... Total outlays (gross) ...................................................... ................... ................... 6 ¥6 Offsets: Against gross budget authority and outlays: 88.00 Offsetting collections (cash) from: Federal sources ¥24 ¥24 ¥24 86.97 Outlays (gross), detail: Outlays from new mandatory authority ......................... ................... ................... 6 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 77 77 79 79 79 79 Offsets: Against gross budget authority and outlays: 88.40 Offsetting collections (cash) from: Non-Federal sources .................................................................. ................... ................... ¥6 87.00 89.00 90.00 This appropriation provides 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. Object Classification (in millions of dollars) 2004 actual Identification code 86–0189–0–1–451 2005 est. 2006 est. 11.1 11.5 Direct obligations: Personnel compensation: Full-time permanent ............................................. Other personnel compensation ............................. 38 5 40 5 Total personnel compensation ......................... Civilian personnel benefits ....................................... Travel and transportation of persons ....................... Rental payments to GSA ........................................... 43 12 4 6 45 12 4 6 46 13 4 6 Net budget authority and outlays: Budget authority ............................................................ ................... ................... ................... Outlays ........................................................................... ................... ................... ................... The Administration’s proposal to strengthen GSE regulation will include authority for the cost of HUD’s responsibilities under the Federal Housing Enterprise Safety and Soundness Act of 1992, and amendments as proposed, to be assessed on the Government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac. These responsibilities include the establishment and enforcement of affordable housing goals for the GSEs, ensuring GSE compliance with fair housing laws and their charters, and providing consultation to the safety and soundness regulator on the GSEs’ new activities. 41 5 11.9 12.1 21.0 23.1 89.00 90.00 VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 PO 00000 Frm 00046 Fmt 3616 Object Classification (in millions of dollars) 2004 actual Identification code 86–0142–2–1–371 2005 est. 2006 est. 99.0 Reimbursable obligations: Reimbursable obligations ... ................... ................... 6 99.9 Total new obligations ................................................ ................... ................... 6 Sfmt 3643 E:\BUDGET\HUD.XXX HUD MANAGEMENT AND ADMINISTRATION—Continued Federal Funds—Continued DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 86.90 86.93 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. 33 6 50 8 52 9 87.00 Total outlays (gross) ................................................. 39 58 61 89.00 90.00 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 40 39 59 58 60 61 Personnel Summary 2004 actual Identification code 86–0142–2–1–371 2001 2005 est. 2006 est. Reimbursable: Total compensable workyears: Civilian full-time equivalent employment ...................................................... ................... ................... 19 f OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT SALARIES AND 573 Summary of Budget Authority and Outlays EXPENSES (in millions of dollars) (INCLUDING TRANSFER OF FUNDS) øFor carrying out the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, including not to exceed $500 for official reception and representation expenses, $59,209,000, to remain available until expended, to be derived from the Federal Housing Enterprises Oversight Fund: Provided, That of the amount made available under this heading, $5,000,000 is for litigation and to continue ongoing special investigations of the Federal housing enterprises: Provided further, That the Director shall submit a spending plan for the amounts provided under this heading no later than January 15, 2005: Provided further, That not less than 80 percent of total amount made available under this heading shall be used only for examination, supervision, and capital oversight of the enterprises (as such term is defined in section 1303 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4502)) to ensure that the enterprises are operating in a financially safe and sound manner and complying with the capital requirements under Subtitle B of such Act: Provided further, That not to exceed the amount provided herein 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: Provided further, That the general fund amount shall be reduced as collections are received during the fiscal year so as to result in a final appropriation from the general fund estimated at not more than $0.¿ (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) Enacted/requested: 2004 actual 2005 est. Budget Authority ..................................................................... 40 59 Outlays .................................................................................... 39 58 Legislative proposal, not subject to PAYGO: Budget Authority ..................................................................... .................... .................... Outlays .................................................................................... .................... .................... Total: Budget Authority ..................................................................... Outlays .................................................................................... 40 39 2006 est. 60 61 –60 –52 59 .................... 58 9 The Office of Federal Housing Enterprise Oversight (OFHEO) was established in 1992 to regulate the financial safety and soundness of two housing Government-sponsored enterprises (GSEs)—Fannie Mae and Freddie Mac. OFHEO was authorized in the Federal Housing Enterprise Safety and Soundness Act of 1992. OFHEO is required to ensure that the GSEs meet capital standards, and to conduct onsite annual examinations at the GSEs for the purpose for ensuring their financial safety and soundness. It is expected that all resources available to OFHEO would be transferred to a new strengthened housing GSE regulator that will be proposed in 2005. The Administration continues to support direct funding of these activities with mandatory assessments on Fannie Mae and Freddie Mac. Object Classification (in millions of dollars) Unavailable Receipts (in millions of dollars) 2004 actual Identification code 86–5272–0–2–371 2004 actual Identification code 86–5272–0–2–371 2005 est. 2006 est. 2005 est. 2006 est. 60 ¥60 02.99 Total receipts and collections ................................... 40 59 ................... Appropriations: 05.00 Office of Federal Housing Enterprise Oversight ............ ¥40 ¥59 ¥60 05.01 Office of Federal Housing Enterprise Oversight ............ ................... ................... 60 05.99 07.99 Total appropriations .................................................. ¥40 11.1 12.1 23.2 25.2 31.0 32.0 Direct obligations: Personnel compensation: Personnel Compensation Civilian personnel benefits ....................................... Rental payments to others ........................................ Other services ............................................................ Equipment ................................................................. Land and structures .................................................. 18 4 4 11 1 1 29 8 5 11 4 1 30 9 5 9 5 1 99.0 99.5 Direct obligations .................................................. Below reporting threshold .............................................. 39 1 58 1 59 1 99.9 Receipts: 02.60 Office of Federal Housing Enterprise Oversight ............ 40 59 02.61 Office of Federal Housing Enterprise Oversight ............ ................... ................... Total new obligations ................................................ 40 59 60 ¥59 ................... Balance, end of year ..................................................... ................... ................... ................... Personnel Summary Program and Financing (in millions of dollars) 2004 actual Identification code 86–5272–0–2–371 2004 actual Identification code 86–5272–0–2–371 2005 est. 2006 est. 1001 Obligations by program activity: 00.01 Direct program ............................................................... 40 59 60 10.00 Total new obligations ................................................ 40 59 60 22.00 23.95 Budgetary resources available for obligation: New budget authority (gross) ........................................ Total new obligations .................................................... 40 ¥40 59 ¥59 Direct: Total compensable workyears: Civilian full-time equivalent employment ...................................................... 60 ¥60 2005 est. 152 218 2006 est. 225 f (Legislative proposal, not subject to PAYGO) Program and Financing (in millions of dollars) 2004 actual Identification code 86–5272–2–2–371 New budget authority (gross), detail: Discretionary: 40.20 Appropriation (special fund) ..................................... 40 59 60 2005 est. 2006 est. 00.01 Change in obligated balances: 72.40 Obligated balance, start of year ................................... 73.10 Total new obligations .................................................... 73.20 Total outlays (gross) ...................................................... 74.40 7 40 ¥39 Obligated balance, end of year ................................ VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 PO 00000 8 59 ¥58 8 Frm 00047 9 60 ¥61 9 8 Fmt 3616 Obligations by program activity: Direct program ............................................................... ................... ................... ¥60 10.00 Total new obligations ................................................ ................... ................... ¥60 22.00 23.95 Budgetary resources available for obligation: New budget authority (gross) ........................................ ................... ................... Total new obligations .................................................... ................... ................... ¥60 60 Sfmt 3643 E:\BUDGET\HUD.XXX HUD MANAGEMENT AND ADMINISTRATION—Continued Federal Funds—Continued 574 THE BUDGET FOR FISCAL YEAR 2006 General and special funds—Continued OFFICE FEDERAL HOUSING ENTERPRISE OVERSIGHT—Continued OF (INCLUDING TRANSFER OF FUNDS)—Continued Program and Financing (in millions of dollars)—Continued 2004 actual Identification code 86–5272–2–2–371 2005 est. New budget authority (gross), detail: Discretionary: 40.20 Appropriation (special fund) ..................................... ................... ................... 21.40 22.00 22.10 Budgetary resources available for obligation: Unobligated balance carried forward, start of year New budget authority (gross) ........................................ Resources available from recoveries of prior year obligations ....................................................................... ¥60 Obligated balance, end of year ................................ ................... ................... ¥8 Outlays (gross), detail: 86.90 Outlays from new discretionary authority ..................... ................... ................... ¥60 ¥52 Object Classification (in millions of dollars) 2004 actual Identification code 86–5272–2–2–371 11.1 12.1 23.2 25.2 31.0 32.0 Direct obligations: Personnel compensation: Personnel Compensation Civilian personnel benefits ....................................... Rental payments to others ........................................ Other services ............................................................ Equipment ................................................................. Land and structures .................................................. 2005 est. ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... 6 12 12 Total budgetary resources available for obligation Total new obligations .................................................... Unobligated balance expiring or withdrawn ................. Unobligated balance carried forward, end of year 32 New budget authority (gross), detail: Discretionary: 40.00 Appropriation ............................................................. 40.35 Appropriation permanently reduced .......................... 235 ¥1 270 265 ¥2 ................... 43.00 234 268 265 69 51 57 Appropriation (total discretionary) ........................ Spending authority from offsetting collections: Offsetting collections (cash) ..................................... Change in uncollected customer payments from Federal sources (unexpired) .................................. 68.00 68.10 68.90 Net budget authority and outlays: Budget authority ............................................................ ................... ................... Outlays ........................................................................... ................... ................... 16 322 23.90 23.95 23.98 ¥52 89.00 90.00 32 319 24.40 2006 est. Change in obligated balances: 72.40 Obligated balance, start of year ................................... ................... ................... ................... 73.10 Total new obligations .................................................... ................... ................... ¥60 73.20 Total outlays (gross) ...................................................... ................... ................... 52 74.40 119 299 2006 est. ¥30 ¥9 ¥5 ¥9 ¥5 ¥1 424 363 350 ¥391 ¥347 ¥319 ¥1 ................... ................... 16 31 ¥4 ................... ................... Spending authority from offsetting collections (total discretionary) .......................................... 65 51 57 70.00 Total new budget authority (gross) .......................... 299 319 322 72.40 73.10 73.20 73.45 74.00 Change in obligated balances: Obligated balance, start of year ................................... Total new obligations .................................................... Total outlays (gross) ...................................................... Recoveries of prior year obligations .............................. Change in uncollected customer payments from Federal sources (unexpired) ............................................ 132 391 ¥281 ¥6 240 347 ¥438 ¥12 137 319 ¥321 ¥12 4 ................... ................... Direct obligations .................................................. ................... ................... Below reporting threshold .............................................. ................... ................... ¥59 ¥1 99.9 Total new obligations ................................................ ................... ................... Obligated balance, end of year ................................ 240 137 123 86.90 86.93 Outlays (gross), detail: Outlays from new discretionary authority ..................... Outlays from discretionary balances ............................. 149 132 232 206 233 88 87.00 99.0 99.5 74.40 Total outlays (gross) ................................................. 281 438 321 ¥69 ¥51 ¥57 ¥60 Personnel Summary 2004 actual Identification code 86–5272–2–2–371 1001 2005 est. Direct: Total compensable workyears: Civilian full-time equivalent employment ...................................................... ................... ................... 2006 est. ¥225 89.00 90.00 f Intragovernmental funds: WORKING CAPITAL FUND For additional capital for the Working Capital Fund (42 U.S.C. 3535) for the development of, modifications to, and infrastructure for Department-wide information technology systems, for the continuing operation of both Department-wide and program-specific information systems, and for program-related development activities, ø$270,000,000¿ $265,000,000, to remain available until September 30, ø2006¿ 2007: 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. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) Program and Financing (in millions of dollars) 2004 actual Identification code 86–4586–0–4–451 2005 est. 2006 est. 00.01 09.01 Obligations by program activity: Direct Program Activity .................................................. Reimbursable program .................................................. 283 108 269 78 262 57 10.00 Total new obligations ................................................ 391 347 319 VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 Offsets: Against gross budget authority and outlays: 88.00 Offsetting collections (cash) from: Federal sources Against gross budget authority only: 88.95 Change in uncollected customer payments from Federal sources (unexpired) .................................. PO 00000 Frm 00048 Fmt 3616 Net budget authority and outlays: Budget authority ............................................................ Outlays ........................................................................... 4 ................... ................... 234 212 268 387 265 264 The Working Capital Fund, authorized by the Department of Housing and Urban Development Act of 1965, finances information technology and office automation initiatives which can be performed more efficiently on a centralized basis. Since 2003, a direct appropriation has been requested for the operations of the computer system and for development and modifications of Department-wide systems. Fees have continued for services to develop and modify systems where the benefit is limited to a specific program. Object Classification (in millions of dollars) 2004 actual Identification code 86–4586–0–4–451 11.1 12.1 21.0 23.3 25.1 26.0 31.0 99.0 Direct obligations: Personnel compensation: Full-time permanent ........ Civilian personnel benefits ....................................... Travel and transportation of persons ....................... Communications, utilities, and miscellaneous charges ................................................................. Advisory and assistance services ............................. Supplies and materials ............................................. Equipment ................................................................. 2005 est. 2006 est. 34 5 1 32 5 2 33 5 2 15 217 1 10 5 211 1 13 5 206 1 10 283 269 262 25.1 Direct obligations .................................................. Reimbursable obligations: Advisory and assistance services ............................. 108 78 57 99.0 Reimbursable obligations ..................................... 108 78 57 Sfmt 3643 E:\BUDGET\HUD.XXX HUD MANAGEMENT AND ADMINISTRATION—Continued Federal Funds—Continued DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 99.9 Total new obligations ................................................ 391 347 319 Personnel Summary 2004 actual Identification code 86–4586–0–4–451 1001 Direct: Total compensable workyears: Civilian full-time equivalent employment ...................................................... 373 2005 est. 350 2006 est. 350 f ADMINISTRATIVE PROVISIONS SEC. 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 rescinded, or in the case of cash, shall be remitted to the Treasury, and such amounts of budget authority or cash recaptured and not rescinded 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 rescinded or remitted to the Treasury to provide project owners with incentives to refinance their project at a lower interest rate. SEC. 202. None of the amounts made available under this Act may be used during fiscal year ø2005¿ 2006 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. SEC. 203. (a) 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 ø2005¿ 2006 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; and (2) is not otherwise eligible for an allocation for fiscal year ø2005¿ 2006 under such clause (ii) because the areas in the State outside of the metropolitan statistical areas that qualify under clause (i) in fiscal year ø2005¿ 2006 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 ø2005¿ 2006, 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 ø2005¿ 2006 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 VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 PO 00000 Frm 00049 Fmt 3616 575 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 2006 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 three year period. SEC. 204. (a) During fiscal year ø2005¿ 2006, 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 specified in subsection (b) of this section, 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. (b) The counties specified in this subsection are Oakland County, Macomb County, Wayne County, and Washtenaw County, in the State of Michigan. SEC. 205. 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. SEC. 206. 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. 1811–1831). SEC. 207. Unless otherwise provided for in this Act or through a reprogramming of funds, no part of any appropriation for the Department of Housing and Urban Development shall be available for any program, project or activity in excess of amounts set forth in the budget estimates submitted to Congress. SEC. 208. Corporations and agencies of the Department of Housing and Urban Development which are subject to the Government Corporation Control Act, as amended, 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 ø2005¿ 2006 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. SEC. 209. None of the funds provided in this title for technical assistance, training, or management improvements may be obligated or expended unless HUD provides to the Committees on Appropriations a description of each proposed activity and a detailed budget estimate of the costs associated with each program, project or activity as part of the Budget Justifications. For fiscal year ø2005¿ 2006, HUD shall transmit this information to the Committees by March 15, ø2005¿ 2006 for 30 days of review. SEC. 210. The Secretary of Housing and Urban Development shall provide quarterly reports to the House and Senate Committees on Appropriations regarding all uncommitted, unobligated, recaptured and excess funds in each program and activity within the jurisdiction of the Department and shall submit additional, updated budget information to these Committees upon request. Sfmt 3616 E:\BUDGET\HUD.XXX HUD 576 MANAGEMENT AND ADMINISTRATION—Continued Federal Funds—Continued THE BUDGET FOR FISCAL YEAR 2006 Intragovernmental funds—Continued ADMINISTRATIVE PROVISIONS—Continued SEC. 211. Notwithstanding any other provision of law, in fiscal year ø2005¿ 2006, in managing and disposing of any multifamily property that is owned or held by the Secretary and is occupied primarily by elderly or disabled families, the Secretary of Housing and Urban Development shall maintain any rental assistance payments under section 8 of the United States Housing Act of 1937 that are attached to any dwelling units in the property. To the extent the Secretary determines that such a multifamily property owned or held by the Secretary is not feasible for continued rental assistance payments under such section 8, the Secretary may, in consultation with the tenants of that property, contract for project-based rental assistance payments with an owner or owners of other existing housing properties or provide other rental assistance. SEC. 212. (a) Notwithstanding any other provision of law, the amount allocated for fiscal year ø2005¿ 2006 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 ø2005¿ 2006 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 ø2005¿ 2006 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. øSEC. 213. Notwithstanding any other provision of law, for this fiscal year and every fiscal year thereafter, funds appropriated for housing for the elderly, as authorized by section 202 of the Housing Act of 1959, as amended, and for supportive housing for persons with disabilities, as authorized by section 811 of the Cranston-Gonzalez National Affordable Housing Act, shall be available for the cost of maintaining and disposing of such properties that are acquired or otherwise become the responsibility of the Department.¿ øSEC. 214. The Secretary of Housing and Urban Development shall submit an annual report no later than August 30, 2005 and annually thereafter to the House and Senate Committees on Appropriations regarding the number of Federally assisted units under lease and the per unit cost of these units to the Department of Housing and Urban Development.¿ øSEC. 215. The Department of Housing and Urban Development shall submit the Department’s fiscal year 2006 congressional budget justifications to the Committees on Appropriations of the House of Representatives and the Senate using the identical structure provided under this Act and only in accordance with the direction specified in the report accompanying this Act.¿ VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 PO 00000 Frm 00050 Fmt 3616 SEC. ø216.¿ 213. øThat incremental voucher¿ Incremental vouchers previously made available under the heading ‘‘Housing Certificate Fund’’ or renewed under the heading, ‘‘Tenant-Based Rental Assistance,’’ for non-elderly disabled families shall, to the extent practicable, continue to be provided to non-elderly disabled families upon turnover. øSEC. 217. The installment contract between the Village of Hanna City, Illinois and the General Services Administration is in the nature of a purchase money mortgage which will be paid off at initial closing. The Department of Housing and Urban Development shall accept the Village of Hanna City, Illinois’ holding of equitable title to this property as sufficient for the purposes of the section 202 housing program.¿ SEC. ø218¿ 214. A public housing agency or such other entity that administers Federal housing assistance in 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 in the States of Alaska, Iowa and Mississippi shall establish an advisory board of not less than 6 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. øSEC. 219. (a) Section 536(b)(1) of the National Housing Act (12 U.S.C. 1735f–14(b)(1)) is amended by adding the following new subparagraph at the end: ‘‘(J) Failure to perform a required physical inspection of the mortgaged property.’’. (b) Section 537(c)(1)(B)(ii) of such Act (12 U.S.C. 1735f– 15(c)(1)(B)(ii)) is amended by inserting after ‘‘rents,’’ the following: ‘‘other revenues, or contract rights,’’. (c) Section 537(c)(1)(B)(x) of such Act (12 U.S.C. 1735f– 15(c)(1)(B)(x)) is amended to read as follows: ‘‘(x) Failure to furnish the Secretary, by the expiration of the 90-day period beginning on the first day after the completion of each fiscal year (unless the Secretary has approved an extension of the 90-day period in writing), with a complete annual financial report, in accordance with requirements prescribed by the Secretary, including requirements that the report be— ‘‘(I) based upon an examination of the books and records of the mortgagor; ‘‘(II) prepared and certified to by an independent public accountant or a certified public accountant (unless the Secretary has waived this requirement in writing); and ‘‘(III) certified to by the mortgagor or an authorized representative of the mortgagor. ‘‘The Secretary shall approve an extension where the mortgagor demonstrates that failure to comply with this clause is due to events beyond the control of the mortgagor.’’.¿ øSEC. 220. Section 421 of the Housing and Community Development Act of 1987 (12 U.S.C. 1715z–4a) is amended— (1) in subsection (a)(1)(A), by inserting after ‘‘project’’ the following: ‘‘, nursing home, intermediate care facility, board and care home, assisted living facility, or hospital’’; (2) in subsection (a)(1)(B), by inserting after ‘‘is’’ the following: ‘‘or, at the time of the violations, was’’; (3) in the second sentence of subsection(a)(1), by striking ‘‘project’’ and inserting ‘‘property’’; (4) in subsection (a)(2) by striking ‘‘which’’ and all that follows through ‘‘any owner’’ and inserting the following: ‘‘that owns or operates a property, as identified in the regulatory agreement, including but not limited to— ‘‘(A) any stockholder holding 25 percent or more interest of a corporation that owns that property; ‘‘(B) any beneficial owner of the property under any business or trust; ‘‘(C) any officer, director, or partner of an entity owning or controlling the property; ‘‘(D) any nursing home lessee or operator; ‘‘(E) any hospital lessee or operator; ‘‘(F) any other person or entity that controls the property regardless of that person or entity’s official relationship to the property; and Sfmt 3616 E:\BUDGET\HUD.XXX HUD MANAGEMENT AND ADMINISTRATION—Continued Federal Funds—Continued DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ‘‘(G) any heir, assignee, successor in interest, or agent of any person or entity described in the preceding subparagraphs’’; (5) in subsection (c), by striking ‘‘project’’ the first two places it appears and inserting ‘‘property’’; and (6) in subsection (d), by striking ‘‘project’’ and inserting ‘‘a property’s’’.¿ øSEC. 221. Section 204(h) of the National Housing Act (12 U.S.C. 1710(h)) is amended— (1) in paragraph (2)— (A) by striking ‘‘following assets of the Secretary’’ and inserting ‘‘following categories of assets of the Secretary, unless the Secretary determines at any time that the asset property is economically or otherwise infeasible to rehabilitate or that the best use of the asset property is as open space (including park land)’’; (B) in subparagraph (B)(ii), by inserting after ‘‘Act’’ the following: ‘‘except for mortgages insured under or made pursuant to sections 235, 247, or 255’’; and (C) by striking subparagraph (C); (2) in the second sentence of paragraph (3), by inserting after ‘‘government’’ the following: ‘‘, States, and Indian tribes’’; (3) in paragraph (4)— (A) in subparagraph (A)(i), by inserting after ‘‘government’’ the following: ‘‘, State, or Indian tribe’’; (B) by revising subparagraph (B)(ii) to read as follows: ‘‘(ii) purchases all assets of the Secretary in the category or categories of eligible assets set forth in the sale agreement required under paragraph (7) that, at any time during the period which shall be set forth in the sale agreement— ‘‘(I) are or become eligible for purchase under this subsection; and ‘‘(II) are located in the asset control area of the purchaser; and’’; and (C) in subparagraph (C), by striking ‘‘purchase of eligible assets under’’ and inserting ‘‘purchase of the category or categories of eligible assets set forth in the sale agreement under’’; (4) in paragraph (6)— (A) by revising subparagraph (C) to read as follows: ‘‘(C) DISCOUNTS.—The Secretary, in the sole discretion of the Secretary, shall establish the discount under this paragraph for an eligible asset. In determining the discount, the Secretary may consider the condition of the asset property, the extent of resources available to the preferred purchaser, the comprehensive revitalization plan undertaken by such purchaser, the financial safety and soundness of the Mutual Mortgage Insurance Fund, and any other circumstances the Secretary considers appropriate’’; and (B) by striking subparagraph (D); (5) in paragraph (7)(A), by striking ‘‘eligible assets to be purchased and the interests sold’’ and inserting ‘‘category or categories of eligible assets to be purchased and, based on the purchaser’s capacity to manage and dispose of assets, the maximum number of assets owned by the Secretary at the time the sale agreement is executed that shall be sold to the purchaser’’; and (6) in paragraph (8)— (A) in subparagraph (F), by inserting after ‘‘State’’ the following: ‘‘, and any agency or instrumentality thereof that is established pursuant to legislation and designated by the chief executive officer to act on behalf of the jurisdiction with regard to the provisions of this subsection’’; and (B) by adding the following new subparagraphs at the end: ‘‘(G) STATE.—The term ‘State’ means any State of the United States, the District of Columbia, the Commonwealth of Puerto Rico, Guam, American Samoa, the Virgin Islands, the Northern Mariana Islands, or any agency or instrumentality thereof that is established pursuant to legislation and designated by the chief executive officer to act on behalf of the State with regard to provisions of this subjection. ‘‘(H) INDIAN TRIBE.—The term ‘Indian tribe’ has the same meaning as in section 248(i)(I) of this Act.’’.¿ øSEC. 222. Section 203(c) of the National Housing Act (12 U.S.C. 1709(c)), as amended, is further amended in paragraph (1) by striking ‘‘subsections (n) and (k)’’ and inserting ‘‘subsection (n)’’ and striking ‘‘or (k)’’.¿ øSEC. 223. Section 203(c)(2)(A) of the National Housing Act (12 U.S.C. 1709(c)(2)(A)) is amended in the last sentence after ‘‘subparagraph’’ by inserting the following: ‘‘, provided that the mortgagor refinances the unpaid principal obligation under title II of this Act’’. VerDate jul 14 2003 19:14 Jan 25, 2005 Jkt 205782 PO 00000 Frm 00051 Fmt 3616 577 This provision shall apply to loans that become insured on or after date of enactment of this Act.¿ øSEC. 224. The portion of any athletic scholarship assistance that is available for housing costs shall be considered adjusted income for purposes of section 3(b)(5) of the United States Housing Act of 1937. The Secretary of Housing and Urban Development shall by notice establish criteria under which persons who receive athletic scholarship assistance may be denied housing assistance under the United States Housing Act of 1937.¿ øSEC. 225. The funds made available for Native Alaskans under the heading ‘‘Native American Housing Block Grants’’ in title II of this Act shall be allocated to the same Native Alaskan housing block grant recipients that received funds in fiscal year 2004.¿ SEC. 215. Payment Incentives for Certain Single Family Mortgages. The National Housing Act (12 U.S.C. 1701 et seq.) is amended by adding the following new section at the end: ‘‘Sec. 257. FHA Payment Incentive Program.—For purposes of establishing an alternative to high cost mortgages for borrowers with credit impairments, the Secretary may insure under sections 203(b) and 234(c) of this title any mortgage that meets the requirements of such sections, except as follows: The Secretary may establish lower percentages of appraised value limitations than those provided in section 203(b)(2)(B). Notwithstanding section 203(c)(2)(B), the Secretary may establish and collect annual premium payments in an amount not exceeding 1.0 percent of the remaining insured principal balance, and such payments may be reduced or eliminated in subsequent years based on mortgage payment performance. All mortgages insured pursuant to this section shall be obligations of the Mutual Mortgage Insurance Fund, notwithstanding section 519 of this Act.’’. SEC. 216. The National Housing Act (12 U.S.C. 1701 et seq.) is amended as follows: (a) In section 203 by adding the following new subsection at the end: ‘‘(y) Notwithstanding any other provision of this section or any other section of this title, the Secretary is authorized to insure, and to commit to insure, any mortgage involving a property upon which there is located a dwelling designed principally for a 1-family residence which (1) involves a principal obligation not in excess of 100 percent of the applicable maximum dollar amount limit under subsection (b)(2)(A) for a one unit dwelling, and (2) is not in excess of 100 percent of the appraised value of the property plus any initial service charges, appraisal, inspection, and other fees in connection with the mortgage as approved by the Secretary. The Secretary is authorized to establish any additional requirements as may be necessary, or appropriate, including requirements regarding mortgagor and property eligibility.’’; and (b) in section 519(e): (1) by striking ‘‘and’’ after ‘‘203(h)’’ and inserting a comma; and (2) by inserting after ‘‘203(i),’’ ‘‘and 203(y),’’. SEC. 217. Clarification Regarding Mortgage Insurance for Purchase of Existing Health Care Facilities.—Section 223(f)(1) of the National Housing Act is amended by inserting ‘‘purchase or’’ immediately before ‘‘refinancing of existing debt’’. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, FY 2005.) f GENERAL FUND RECEIPT ACCOUNTS (in millions of dollars) 2004 actual 2005 est. 2006 est. Offsetting receipts from the public: 86–271910 FHA-general and special risk, Negative subsidies .................................................................................. 281 86–271930 FHA-general and special risk, Downward reestimates of subsidies ....................................................... 138 86–274330 Indian housing loan guarantees, Downward reestimates of subsidies .................................................... ................... 86–277330 Community development loan guarantees, Downward reestimates ....................................................... 7 208 ................... General Fund Offsetting receipts from the public ..................... 417 Sfmt 3643 E:\BUDGET\HUD.XXX HUD 426 190 357 4 ................... 15 ................... 357
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