Full text of Budget of the United States Government - Appendix : Fiscal Year 2003 : Department of Housing and Urban Development

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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 promote adequate
and affordable housing, economic opportunity and a suitable
living environment free from discrimination. The 2003 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 three
years.
The Department continues to emphasize expanding homeownership opportunities for all. Homeownership is addressed
through FHA program efforts, recent public housing homeownership opportunities, HOPE VI, and expanded housing
counseling. In addition, the HOME Investment Partnerships
Program is increased by $238 million. This increase includes
a four-fold increase for the down payment initiative. The 2003
budget increases the Self-Help Homeownership Opportunity
Program (SHOP) three-fold in an effort to accelerate home
ownership by lower-income families.
The 2003 budget proposes to allow housing authorities to
use up to $120 million from the Capital Fund and up to
$130 million from the Operating Fund for a new initiative
to facilitate the financing of capital improvements and to encourage development-based financial management. This initiative will improve physical conditions for public housing
residents by enabling housing authorities to attract private
capital to address the existing $20 billion backlog in capital
housing improvement needs. It will also put these developments on a sound management and financial footing by focusing on property-based planning and management. These objectives would be achieved by authorizing HUD to approve,
on a property-by-property basis, housing authority requests
to convert public housing developments or portions of developments to project-based voucher assistance. Converting to
project-based vouchers also would relieve housing authorities
from many of the complex rules governing the public housing
programs, and would give residents of converted developments
additional housing choices, since they could choose to move
with their vouchers after one year. This initiative will make
it possible for housing authorities to secure private financing
to rehabilitate their aging properties by using each property
to secure private loans for capital improvements. The capital
needs of a substantial part of the public housing stock may
be addressed through private financing, without significant
annual subsidy increases. The initial year of any contract
for project-based assistance under this proposal may be funded with amounts appropriated for the public housing Capital
Fund or Operating Fund or from other amounts appropriated
for this purpose. Any renewal of such contracts would be
funded in the future with amounts appropriated for Section
8 vouchers.
The 2003 budget includes 34,000 incremental vouchers. In
addition, this Administration reaffirms the long-held commitment to renew all expiring Section 8 contracts, to protect
residents from displacement by substantially increasing funding for Section 8 renewals, to provide Section 8 tenant-based
assistance for displaced families, and for the replacement of
affordable housing due to opt-outs from the project-based Section 8 program. The Department will also continue to fully
renew contracts to assist rental of low-income elderly units

in the Housing for the Elderly Program (under Section 202
of the Housing Act of 1959).
This year HUD commits itself to addressing the problem
of chronic homelessness. The Department is proposing legislative language that would consolidate its homeless assistance
programs into a single grant program. This reform will improve service delivery and further support the announced goal
of ending chronic homelessness in ten years.
As part of the 2003 budget, the Administration is transferring administration of the Emergency Food and Shelter Program from the Federal Emergency Management Agency
(FEMA), to HUD. This transfer will allow for better coordination of homeless assistance.
Funding in the 2003 budget for the Fair Housing Assistance
and Fair Housing Initiatives programs (FHAP and FHIP) will
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. Funds dedicated in past budgets to completing a national
survey of housing discrimination will be redirected in 2003
to both FHIP and FHAP, with emphasis on increasing enforcement efforts and addressing accessibility issues.
The Department proposes a $16 million initiative to improve housing and economic conditions in the Colonias area,
which is largely funded by shifting resources from wealthier
communities within the Community Development Block
Grants program (CDBG).
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 2003 budget includes a 20 percent increase in lead
hazard reduction grants to continue the ten-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 2003
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:
HOUSING CERTIFICATE FUND
(INCLUDING

TRANSFER AND RESCISSION OF FUNDS)

øFor activities and assistance to prevent the involuntary displacement of low-income families, the elderly and the disabled because
of the loss of affordable housing stock, expiration of subsidy contracts
(other than contracts for which amounts are provided under another
heading in this Act) or expiration of use restrictions, or other changes
in housing assistance arrangements, and for other purposes,
$16,280,975,000, of which $640,000,000 shall be from unobligated
balances from amounts recaptured from fiscal year 2000 and prior
years pursuant to a reduction in the amounts provided for Annual
Contributions Contract Reserve Accounts, and amounts that are re473

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474

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2003

General and special funds—Continued
HOUSING CERTIFICATE FUND—Continued
(INCLUDING

TRANSFER AND RESCISSION OF FUNDS)—Continued

captured in this account to remain available until expended: Provided, That not later than October 1, 2001, the Department of Housing and Urban Development shall reduce from 60 days to 30 days
the amount of reserve funds made available to public housing authorities: Provided further, That of the total amount provided under this
heading, $16,071,975,000, of which $11,231,975,000 and the aforementioned recaptures shall be available on October 1, 2001 and
$4,200,000,000 shall be available on October 1, 2002, shall be for
assistance under the United States Housing Act of 1937, as amended
(‘‘the Act’’ herein) (42 U.S.C. 1437 et seq.): Provided further, That
the foregoing amounts shall be for use in connection with expiring
or terminating section 8 subsidy contracts, for amendments to section
8 subsidy contracts, for enhanced vouchers (including amendments
and renewals) under any provision of law authorizing such assistance
under section 8(t) of the Act (42 U.S.C. 1437f(t)), contract administrators, and contracts entered into pursuant to section 441 of the McKinney-Vento Homeless Assistance Act: Provided further, That amounts
available under the second proviso under this heading shall be available for section 8 rental assistance under the Act: (1) for the 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; Stat. 1321–269); (2)
for the conversion of section 23 projects to assistance under section
8; (3) for funds to carry out the family unification program; (4) for
the 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; (5) for tenant protection assistance, including replacement and relocation assistance; and (6) for
the 1-year 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: Provided further, That of the total amount provided under this heading, no less
than $13,400,000 shall be transferred to the Working Capital Fund
for the development and maintenance of information technology systems: Provided further, That of the total amount provided under
this heading, $143,979,000 shall be made available for incremental
vouchers under section 8 of the Act, of which $103,979,000 shall
be made available on a fair share basis to those public housing
agencies that have no less than a 97 percent occupancy rate; and
of which $40,000,000 shall be made available to nonelderly disabled
families affected by the designation of a public housing development
under section 7 of the Act, the establishment of preferences in accordance with section 651 of the Housing and Community Development
Act of 1992 (42 U.S.C. 13611), or the restriction of occupancy to
elderly families in accordance with section 658 of such Act (42 U.S.C.
13618), and to the extent the Secretary determines that such amount
is not needed to fund applications for such affected families, to other
nonelderly disabled families: Provided further, That up to
$195,601,000 from amounts made available under this heading may
be made available for contract administrators: Provided further, That
amounts available under this heading may be made available for
administrative fees and other expenses to cover the cost of administering rental assistance programs under section 8 of the Act:¿
For assistance under the United States Housing Act of 1937, as
amended (42 U.S.C. 1437 et seq.) (‘‘Act’’) not otherwise provided for,
$17,526,559,000 and amounts recaptured in this account, to remain
available until expended; of which $204,170,000 shall be for vouchers
under section 8 of the Act, including incremental vouchers (1) to
be made avaialble on a fair share basis to Public Housing Agencies
that have no less than a 97 percent utilization rate, (2) to be used
for down-payment assistance pursuant to section 8(y)(7) of the Act,
not to exceed $15,000,000, (3) to facilitate community-based living
alternatives for individuals with disabilities, not to exceed $6,000,000
(4) to be made avaialble to non-elderly disabled families affected by
the designation of a public housing development under section 7 of
the Act, or the establishment of preferences in accordance with section
651 of the Housing and Community Development Act of 1992 (42
U.S.C. 13611), not to exceed $40,000,000, and (5) to be made avaialble
to homeless veterans in accordance with the Homeless Veterans Comprehensive Assistance Act of 2001; of which up to $196,000,000 is
for contract administrators; of which $3,000,000 shall be transferred
to the Working Capital fund for development of and modifications
to information technology systems which serve activities under ‘‘Public

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and Indian Housing.’’; and of which $17,123,389,000 is for expiring
section 8 subsidy contracts, for amendments to section 8 subsidy contracts, for enhanced vouchers (including amendments and renewals)
under any provision of law authorizing such assistance under section
8(t) of the Act (42 U.S.C. 1437f(t)), for contracts entered into pursuant
to section 441 of the McKinney-Vento Homeless Assistance Act, and
for section 8 rental assistance, including: (1) 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); (2) conversion of section 23 projects to
assistance under section 8; (3) to carry out the family unification
program; (4) relocation of witnesses in connection with efforts to combat crime in public and assisted housing pursuant to a request from
law enforcement or prosecution agency; (5) tenant protection assistance, including replacement and relocation assistance; and (6) the
1-year renewal of section 8 contracts for units in projects that are
subject to approved plans of action under Emergency Low-Income
Housing Preservation Act of 1987 or the Low-Income Housing Preservation and Resident Homeownership Act of 1990; Provided, That of
the $17,123,389,350 herein, $4,200,000,000 shall become available on
October 1, 2003: Provided further, That the fee otherwise authorized
under section 8(q) of the Act shall be determined in accordance with
section 8(q), as in effect immediately before the enactment of the
Quality Housing and Work Responsibility Act of 1998: Provided further, That ø$1,200,000,000¿ $1,100,000,000 is rescinded from unobligated balances 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 ø2001¿ 2002 and prior years, to be effected by the
Secretary no later than September 30, 2003: Provided further, That
any such balances governed by reallocation provisions under the statute authorizing the program for which the funds were originally
appropriated shall not be available for this rescission: øProvided further, That the Secretary shall have until September 30, 2002, to
meet the rescission in the proviso preceding the immediately preceding proviso:¿ Provided further, That any obligated balances of
contract authority that have been terminated shall be canceled. (Departments of Veterans Affairs and Housing and Urban Development,
and Independent Agencies Appropriations Act, 2002.)
Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0319–0–1–604

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
00.16
00.17

2003 est.

Obligations by program activity:
Contract renewals ..........................................................
14,419
15,971
16,864
Contract Administrator ..................................................
146
241
196
Rental Assistance ..........................................................
255
274
260
Preservation Amendment ............................................... ...................
2 ...................
Section 514 Technical Assistance .................................
8
10 ...................
Non-Elderly Disabled ......................................................
56
40 ...................
Welfare to Work ..............................................................
1 ................... ...................
Regional Opportunity Counseling .................................. ...................
10 ...................
Section 8 Amendment ....................................................
279
77 ...................
Lead-Based paint ..........................................................
2 ................... ...................
Incremental vouchers .....................................................
452
104
204
Other ..............................................................................
28
2 ...................
Job Plus ..........................................................................
1
6 ...................
Working Capital Fund ....................................................
11
13
3
Section8 Counseling ......................................................
9
3 ...................
Relocation/Replacement/Demolition ...............................
2 ................... ...................
Home (City of New Rochelle) ......................................... ...................
5 ...................

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
24.40

2002 est.

15,669

16,758

17,527

2,951
11,970

1,676 ...................
14,441
16,427

2,578
641
1,100
¥154 ................... ...................

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

17,345
16,758
17,527
¥15,669
¥16,758
¥17,527
1,676 ................... ...................

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
40.35
Appropriation rescinded ............................................
40.36
Unobligated balance rescinded .................................

9,741
11,441
13,327
¥31 ................... ...................
¥1,940
¥1,200
¥1,100

43.00

Sfmt 3643

Appropriation (total discretionary) ........................

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7,770

10,241

12,227

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
55.00
60.00
60.49
62.50

Advance appropriation ..............................................
Mandatory:
Appropriation .............................................................
Portion applied to liquidate contract authority ........

4,200

5,000
¥5,000

Appropriation (total mandatory) ........................... ................... ................... ...................

70.00

Total new budget authority (gross) ..........................

11,970

14,441

16,427

72.40
73.10
73.20
73.40
73.45
74.40
75.01
75.02

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 ..............................
Obligated balance, end of year .....................................
Obligated balance, start of year: Contract authority
Obligated balance, end of year: Contract authority

86.90
86.93

Outlays (gross), detail:
Outlays from new discretionary authority .....................
Outlays from discretionary balances .............................

5,425
11,295

6,350
11,421

6,840
11,499

87.00

Total outlays (gross) .................................................

16,720

17,771

18,339

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

11,970
16,720

14,441
17,771

16,427
18,339

46,154
42,520
40,866
15,669
16,758
17,527
¥16,720
¥17,771
¥18,339
¥5 ................... ...................
¥2,578
¥641
¥1,100
42,520
40,866
38,954
31,583
26,429
21,429
26,429
21,429
16,429

The funds requested could support the following activities
for 2003, as shown in the table below.
HOUSING CERTIFICATE FUND
[Budget Authority Request for FY 2003, $ in Millions]
Units

FY 2003:
Incremental Rental Assistance ...............................................
Tenant Protections—Housing .................................................
Tenant Protections-PIH ...........................................................
Contract Administrators ..........................................................
Information Technology/Working Capital Fund .......................
Contract Renewals:
PIH ......................................................................................
CPD-Mod. Rehab. SRO .......................................................
Housing ...............................................................................

Per Unit
Cost

34,000
6,005
30,300
NA
13,000
NA
NA
NA
NA ....................
2,077,336
3,045
817,274

204
182
78
196
3

6,005
4,011
NA

12,527
17
4,320

Subtotal, contract renewals ........................................... 2,897,655
NA
Administrative Fees-PIH [non-add] ........................................ ....................
Approx.
Total, FY 2003 Housing Certificate Fund ...................... .................... ....................

16,864
[1,100]
17,527

475

Public and Indian Housing
Tenant Protection Vouchers. The Housing Certificate fund
supports families living in public and assisted housing units
affected by changes in the status of the units. Income-eligible
families who are affected by the demolition, disposition, revitalization or other capital improvement through no fault of
their own, receive relocation/replacement vouchers through
the Housing Certificate Fund.

Housing
Tenant Protection Set-Asides. The Housing Certificate Fund
also serves a role in supporting families in FHA-insured, privately owned assisted housing projects affected by changes
in project status. It is intended that income-eligible families
who, through no fault of their own, are affected by HUD’s
management of the multifamily inventory or owners’ decision
to prepay their mortgage or opt-out of project-based section
8 contracts, be aided through the Housing Certificate Fund.
Verifying the right person gets the right benefit.—HUD research has determined that there is a significant error rate
in calculating subsidies. HUD has established a goal of a
50 percent reduction in the frequency of subsidy calculation
and processing errors by 2005.
Since the sources and cause of subsidy payment errors are
many and often interrelated, a comprehensive corrective action plan is needed. HUD’s prior corrective action focus has
been on developing and implementing a large scale computer
matching program with IRS and SSA data bases to better
address the unreported tenant income issue. While this and
other improvement initiatives are ongoing, a multi-organizational HUD Working Group has been tasked with developing
viable options for a more comprehensive corrective action plan
to be considered by the new administration. The Working
Group is considering options for: (1) Program simplification;
(2) Structured forms, training, and automated tools needed
to determine rent correctly; (3) Tenant education; (4) Increased use of automated tenant income data sources at the
local and national level; (5) Improves targeting of on-site management and occupancy reviews based on risk indicators; (6)
Intermediary performance incentives and sanctions; (7) Improved automated billing verifications; and (8) An on-going
quality control program.
f

Status of Contract Authority (in millions of dollars)
2001 actual

Identification code 86–0319–0–1–604

0100
0400
0600
0700

Balance, start of year ....................................................
Appropriation to liquidate contract authority ................
Balance of contract authority withdrawn ......................
Balance, end of year .....................................................

2002 est.

31,583
26,429
21,429
¥5,000
¥5,000
¥5,000
¥154 ................... ...................
26,429
21,429
16,429

Contract Renewals. Contract renewals provide funding to
renew expiring Section 8 rental assistance contracts covering
certificates, vouchers, and moderate rehabilitation (renewed
as vouchers), Loan Management, New Construction/Substantial Rehabilitation, Property Disposition, and Preservation,
and contracts authorized under section 441 of the McKinneyVento Homeless Assistance Act. It also includes $52 million
to renew funding for Family self-sufficiency coordinators.
Incremental Rental Assistance—For 2003, the Department
is requesting approximately 34,000 vouchers and $204 million
in budget authority.
These rental vouchers will address many local needs, including assistance to needy families some of which could be
transitioning out of public assistance, homeless, affected by
an ‘‘elderly-only’’ designation in public housing, or by the recent Olmstead decision requiring community living services
for disabled families. The rental vouchers may also be used
for downpayment assistance in those areas that choose to
offer this assistance.

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MOVING

2003 est.

Fmt 3616

WORK

Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0331–0–1–451

2002 est.

2003 est.

72.40
73.20
74.40

Change in obligated balances:
Obligated balance, start of year ...................................
Total outlays (gross) ......................................................
Obligated balance, end of year .....................................

86.93

Outlays (gross), detail:
Outlays from discretionary balances .............................

89.00
90.00

5
3 ...................
¥2
¥3 ...................
3 ................... ...................

3 ...................

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 certificates and vouchers into a flexible housing assistance fund.

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476

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2003

General and special funds—Continued
MOVING

WORK—Continued

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
(INCLUDING

TRANSFERS OF FUNDS)

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)ø, $2,843,400,000¿ (the ‘‘Act’’), $2,425,900,000, to
remain available until September 30, ø2005: Provided, That, hereafter, notwithstanding any other provision of law or any failure of
the Secretary of Housing and Urban Development to issue regulations
to carry out section 9(j) of the United States Housing Act of 1937
(42 U.S.C. 1437g(j)), such section is deemed to have taken effect
on October 1, 1998, and, except as otherwise provided in this heading,
shall apply to all assistance made available under this same heading
on or after such date: Provided further, That of the total amount
provided under this heading, in addition to amounts otherwise allocated under this heading, $550,000,000 shall be allocated for such
capital and management activities only among public housing agencies that have obligated all assistance for the agency for fiscal years
1998 and 1999 made available under this same heading in accordance
with the requirements under paragraphs (1) and (2) of section 9(j)
of such Act: Provided further, That notwithstanding any other provision of law or regulation, during fiscal year 2002, the Secretary may
not delegate to any Department official other than the Deputy Secretary any authority under paragraph (2) of such section 9(j) regarding the extension of the time periods under such section for obligation
of amounts made available for fiscal year 1998, 1999, 2000, 2001,
or 2002: Provided further, That notwithstanding the first proviso
and paragraphs (3) and (5)(B) of such section 9(j), if at any time
before the effectiveness of final regulations issued by the Secretary
under section 6(j) of the United States Housing Act of 1937 (42
U.S.C. 1437d(j)) providing for assessment of public housing agencies
and designation of high-performing agencies, any amounts made
available under the public housing Capital Fund for fiscal year 1999,
2000, 2001, or 2002 remain unobligated in violation of paragraph
(1) of such section 9(j) or unexpended in violation of paragraph (5)(A)
of such section 9(j), the Secretary shall recapture any such amounts
and reallocate such amounts among public housing agencies that,
at the time of such reallocation, are not in violation of any requirement under paragraph (1) or (5)(A) of such section: Provided further,
That for purposes of this heading, 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 $51,000,000 shall be for carrying out activities under section
9(h) of such Act, of which up to $10,000,000 shall be for the provision
of remediation services to public housing agencies identified as ‘‘troubled’’ under the Section 8 Management Assessment Program: Provided further, That of the total amount provided under this heading,
up to $500,000 shall be for lease adjustments to section 23 projects,
and no less than $52,700,000 shall be transferred to the Working
Capital Fund for the development and maintenance of information
technology systems: 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
$75,000,000 shall be available for the Secretary of Housing and
Urban Development to make grants to public housing agencies for
emergency capital needs resulting from emergencies and natural disasters in fiscal year 2002: Provided further, That of the total amount
provided under this heading, $15,000,000 shall be for a Neighborhood
Networks initiative for activities authorized in section 9(d)(1)(E) of
the United States Housing Act of 1937, as amended: 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 as provided in section 102 of the

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Department of Housing and Urban Development Reform Act of 1989.¿
2006; of which up to the specified following amounts shall be available
as provided herein: for section 9(h) of such Act, $54,000,000, of which
$13,000,000 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; for the conversion of
public housing subsidies to project-based voucher assistance where
such conversion is done in conjunction with financing of any necessary
capital improvements of properties that will be covered by such assistance, $120,000,000; for lease adjustments to section 23 projects,
$500,000; for the development of and modifications to information
technology systems which serve programs or activities under Public
and Indian Housing, $18,600,000 for transfer to the Working Capital
Fund; to make grants to public housing agencies for emergency capital
needs and natural disasters in fiscal year 2003, $75,000,000; for
Neighborhood Networks grants for activities authorized in section
9(d)(1)(E) of the Act, awarded to public housing agencies on a competitive basis as provided in section 102 of the Department of Housing
and Urban Development Reform Act of 1989, $15,000,000; 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, $55,000,000: Provided,
That no funds may be used under this heading for the purposes
specified in section 9(k) of the Act. (Departments of Veterans Affairs
and Housing and Urban Development, and Independent Agencies Appropriations Act, 2002.)
Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0304–0–1–604

00.01
00.02
00.03
00.04
00.05
00.06

Obligations by program activity:
Capital Grants ...............................................................
3,581
2,649
Emergency/Disaster ........................................................
28
75
Technical Assistance .....................................................
150
51
Working Capital Fund .................................................... ...................
53
Neighborhood Network Initiative .................................... ...................
15
Resident Opportunities and Supportive Services .......... ................... ...................

10.00

Total new obligations (object class 41.0) ................

23.90
23.95
24.40

2002 est.

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

2003 est.

2,208
75
54
19
15
55

3,759

2,843

2,426

1,536
2,993

696
2,843

696
2,426

50 ................... ...................
¥124 ................... ...................
4,455
¥3,759
696

3,539
¥2,843
696

3,122
¥2,426
696

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
40.77
Reduction pursuant to P.L. 106–554 (0.22 percent)

3,000
2,843
2,426
¥7 ................... ...................

43.00

2,993

2,843

2,426

500
¥500

589
¥589

60.00
60.49

Appropriation (total discretionary) ........................
Mandatory:
Appropriation .............................................................
Portion applied to liquidate contract authority ........

62.50

Appropriation (total mandatory) ........................... ................... ................... ...................

70.00

Total new budget authority (gross) ..........................

72.40
73.10
73.20
73.45
74.40
75.01
75.02

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................
Recoveries of prior year obligations ..............................
Obligated balance, end of year .....................................
Obligated balance, start of year: Contract authority
Obligated balance, end of year: Contract authority

86.90
86.93

Outlays (gross), detail:
Outlays from new discretionary authority .....................
Outlays from discretionary balances .............................

136
3,414

117
3,539

161
3,392

87.00

Total outlays (gross) .................................................

3,550

3,656

3,553

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2,993

2,843

2,426

11,836
11,995
11,182
3,759
2,843
2,426
¥3,550
¥3,656
¥3,553
¥50 ................... ...................
11,995
11,182
10,055
4,952
4,328
4,352
4,328
3,739
3,763

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

2,993
3,550

2,843
3,656

2,426
3,553

The Public Housing Capital Fund, a comprehensive formula-driven program based on need, is designed to respond
to the capital and management improvement requirements
of public housing. The fund is a consolidation of the following
programs: public housing modernization; public housing development; Major Reconstruction of Obsolete Public Housing
Projects (MROP); and public housing amendments.
Of the $2.426 billion requested for the Public Housing Capital Fund, approximately $2.2 billion is provided to cover annual accrual needs. Up to $120 million may be used for a
new initiative that has the promise to address the public
housing capital backlog by enabling housing authorities to
privately finance their properties. Other uses include up to
$55 million to provide supportive services to public housing
residents under the Resident Opportunities and Supportive
Services (ROSS) program, up to $75 million for emergencies
or disasters, up to $54 million for technical assistance, up
to $19 million for the Working Capital Fund, and up to $15
million for Neighborhood Networks.
The budget provides a means by which Public Housing Authorities (PHAs) can privately finance the capital needs of
properties that can be underwritten to market standards. A
loan loss reserve would be established as a credit enhancement to protect lenders in the case of default. Properties
recapitalized under this new financing model would be converted to project-based vouchers. Conversion would allow capital needs to be financed on a property basis as is done in
the private sector, and the project-based voucher program
gives additional choice and mobility to residents in the selection of their housing. In addition, such conversion will facilitate PHA management and finance on a property-by-property
basis and thus increase accountability for efficient management, and will relate ongoing Federal subsidies more closely
to the rental market. Many housing authorities should be
able to take advantage of this voluntary initiative to improve
the living conditions of their residents and their own management.
Legislation is being proposed to accompany this proposal.
It provides changes in the applicability of the project-based
voucher so that the program is workable for current public
housing sites; allows for the creation of a loan loss reserve;
authorizes the use of up-front capital contributions where necessary (for which up to $50 million in HOPE VI grants would
be made available in FY 2003); and provides other necessary
details.

477

of any necessary capital improvements of the properties that will be
covered by such assistance; and of which $10,000,000 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 housingø: Provided further, That funds
made available in the previous proviso¿, which shall be administered
by the Department of Justice through a reimbursable agreement with
the Department of Housing and Urban Development: Provided ƒfurther≈, 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 amendedø: Provided further, That of the unobligated balances remaining from funds appropriated in fiscal year 2001 and prior years
under the heading ‘‘Drug elimination grants for low-income housing’’
for activities related to the Operation Safe Home Program,
$11,000,000 is hereby rescinded¿. (Departments of Veterans Affairs
and Housing and Urban Development, and Independent Agencies Appropriations Act, 2002.)
Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0163–0–1–604

00.01
00.02
00.03

Obligations by program activity:
Operating Subsidy ..........................................................
3,152
Office of Inspector General ............................................ ...................
Department of Justice Anti-Drug ................................... ...................

2002 est.

2003 est.

3,621
3,520
5 ...................
10
10

10.00

Total new obligations (object class 41.0) ................

3,152

3,636

3,530

21.40
22.00
22.10

55
3,235

141 ...................
3,495
3,530

23.90
23.95
24.40

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

3,293
3,636
3,530
¥3,152
¥3,636
¥3,530
141 ................... ...................

3,242
3,495
3,530
¥7 ................... ...................

43.00

Appropriation (total discretionary) ........................

3,235

72.40
73.10
73.20
73.45
74.40

86.90
86.93

Outlays (gross), detail:
Outlays from new discretionary authority .....................
Outlays from discretionary balances .............................

1,463
1,674

1,616
1,769

1,629
1,830

87.00

Total outlays (gross) .................................................

3,137

3,385

3,458

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

3,235
3,137

3,495
3,385

3,530
3,458

3 ................... ...................

3,495

3,530

1,671
1,683
1,934
3,152
3,636
3,530
¥3,137
¥3,385
¥3,458
¥3 ................... ...................
1,683
1,934
2,006

Status of Contract Authority (in millions of dollars)
2001 actual

Identification code 86–0304–0–1–604

0100
0400
0600
0700

2002 est.

2003 est.

4,952
4,328
4,352
¥500
¥589
¥589
¥124 ................... ...................
4,328
3,739
3,763

PUBLIC HOUSING OPERATING FUND
(INCLUDING

TRANSFER

øAND

RESCISSION¿ OF FUNDS)

For 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$3,494,868,000¿ $3,530,000,000, to remain available until September
30, ø2003: Provided, That of the total amount provided under this
heading, $5,000,000 shall be provided to the Office of Inspector General: Provided further, That of the total amount provided under this
heading,¿ 2004; of which up to $130,000,000 may be used for the
conversion of public housing subsidies to project-based voucher assistance where such conversion is done in conjunction with the financing

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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. It is anticipated that $2.4 billion provides 100 percent of subsidy requirements in 2003.
The following tables display the sources of housing authorities’ expected revenue and expenditures by category for 2003.
The distribution is based on historical data reported by housing authorities to HUD on the Statement of Operating Receipts and Expenditures.
Table 1. Sources of Housing Authorities’ Operating Revenue (in millions of dollars)
Category

Annual
income

Operating Subsidies .......................................................................................
Dwelling Rental ..............................................................................................

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3,530
2,598

Percent of
total

53%
39%

478

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2003

General and special funds—Continued

DRUG ELIMINATION GRANTS
(INCLUDING

PUBLIC HOUSING OPERATING FUND—Continued
(INCLUDING

TRANSFER

øAND

FOR

LOW-INCOME HOUSING

TRANSFERS OF FUNDS)

Program and Financing (in millions of dollars)

RESCISSION¿ OF FUNDS)—Continued

2001 actual

Identification code 86–0197–0–1–604

Table 1. Sources of Housing Authorities’ Operating Revenue (in millions of
dollars)—Continued

2002 est.

2003 est.

Annual
income

Percent of
total

Investment .....................................................................................................
Other Income ..................................................................................................

266
266

4%
4%

Total, Operating Revenue .................................................................

6,660

Obligations by program activity:
Direct program ...............................................................
Federally Assisted Housing ............................................
Operation Safe Home .....................................................
New Approach Anti-Drug Program .................................

292
17
14
29

112
19
6
22

10.00

Category

00.01
00.02
00.03
00.04

Total new obligations (object class 41.0) ................

352

159 ...................

21.40
22.00
22.10

209
309

171 ...................
¥11 ...................

...................
...................
...................
...................

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.
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.
Table 2. Housing Authorities’ Operating Expenditures (in millions of dollars)
Category

Annual
expenditures

Percent of
total

Utilities ...........................................................................................................
Administration ................................................................................................
General Operating Expenses ..........................................................................
Maintenance ...................................................................................................
Tenant Services ..............................................................................................
Protective Services .........................................................................................
Capital Expenditures ......................................................................................
Operating Reserve ..........................................................................................

1,465
1,798
533
2,397
133
200
67
67

22%
27%
8%
36%
2%
3%
1%
1%

Total, Operating Expenses ................................................................

6,660

100%

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.

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23.90
23.95
24.40

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

4 ................... ...................
522
160 ...................
¥352
¥159 ...................
171 ................... ...................

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
310 ................... ...................
40.35
Appropriation rescinded ............................................
¥1 ................... ...................
40.36
Unobligated balance rescinded ................................. ...................
¥11 ...................
43.00

Appropriation (total discretionary) ........................

309

72.40
73.10
73.20
73.45
74.40

86.93

Outlays (gross), detail:
Outlays from discretionary balances .............................

309

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

309
309

¥11 ...................

451
490
336
352
159 ...................
¥309
¥312
¥247
¥4 ................... ...................
490
336
89

312

247

¥11 ...................
312
247

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 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

SEVERELY DISTRESSED PUBLIC HOUSING
(HOPE VI)

For 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, ø$573,735,000¿ $574,000,000, to remain
available until September 30, ø2003¿ 2004, of which the Secretary
may use up to $50,000,000 for grants for capital costs at properties
for which public housing subsidies are being converted to projectbased voucher assistance and for which such grants are necessary
to permit the financing of the remaining capital costs in conjunction
with such assistance; and up to $6,250,000 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

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PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
directly or indirectly by granting competitive advantage in awards
to settle litigation or pay judgments, unless expressly permitted herein: Provided further, That of the total amount provided under this
heading, $5,000,000 shall be for a Neighborhood Networks initiative
for activities authorized in section 24(d)(1)(G) of the United States
Housing Act of 1937, as amended: 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 as provided in section 102 of the Department of
Housing and Urban Development Reform Act of 1989. (Departments
of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2002.)
Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0218–0–1–604

00.01
00.02
00.03
00.04
00.05
00.06

2003 est.

Obligations by program activity:
Direct Program Activity ..................................................
639
1,137
513
Technical Assistance .....................................................
13
11
6
Urban Institute Study ....................................................
1 ................... ...................
Elderly Demolitions ........................................................ ...................
1 ...................
Neighborhood Networks .................................................. ...................
5
5
Capital Costs Grants ..................................................... ................... ...................
50

10.00

Total new obligations (object class 41.0) ................

21.40
22.00
22.10

23.90
23.95
24.40

2002 est.

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

653

1,154

574

660
574

581
574

1
574

1,155
¥1,154
1

575
¥574
1

574

Outlays (gross), detail:
Outlays from new discretionary authority .....................
Outlays from discretionary balances .............................

574

2,413
2,579
3,181
653
1,154
574
¥487
¥552
¥608
¥1 ................... ...................
2,579
3,181
3,147

1
486

6
546

Obligations by program activity:
Indian Housing Block Grants .........................................
Title VI Loan Guarantee Subsidy ...................................
Technical Assistance .....................................................
Working Capital Fund ....................................................

634
1
4
2

635
6
5
3

641
2
3
1

10.00

Total new obligations (object class 41.0) ................

641

649

647

21.40
22.00
22.10

175
649

187
649

187
647

23.90
23.95
24.40

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

40.00
40.77

New budget authority (gross), detail:
Discretionary:
Appropriation .............................................................
Reduction pursuant to P.L. 106–554 (0.22 percent)
Appropriation (total discretionary) ........................

72.40
73.10
73.20
73.45
74.40

86.90
86.93

Outlays (gross), detail:
Outlays from new discretionary authority .....................
Outlays from discretionary balances .............................

106
578

113
598

113
627

Total outlays (gross) .................................................

684

711

740

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

649
684

649
711

647
740

6
602

Total outlays (gross) .................................................

487

552

608

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

574
487

574
552

574
608

This program utilizes Federal resources to rehabilitate and
restore severely distressed public housing projects, thereby
expanding the supply of decent, safe, and affordable housing
for low-income renters. The funds will be used for project
demolition, hard replacement units, as well as tenant-based
rental assistance.
f

NATIVE AMERICAN HOUSING BLOCK GRANTS
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$648,570,000¿ $646,600,000, to remain available until expended, of 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$5,000,000¿ $3,000,000 shall be to
support the inspection of Indian housing units, contract expertise,

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2003 est.

00.01
00.02
00.03
00.04

574

87.00

(INCLUDING

2002 est.

89.00
90.00

43.00

86.90
86.93

2001 actual

Identification code 86–0313–0–1–604

87.00

575
574
574
¥1 ................... ...................

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 ..............................
74.40 Obligated balance, end of year .....................................

Program and Financing (in millions of dollars)

43.00

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
40.77
Reduction pursuant to P.L. 106–554 (0.22 percent)
Appropriation (total discretionary) ........................

training, and technical assistance in the training, oversight, and management of Indian housing and tenant-based assistance, including
up to $300,000 for related travel; and of which no less than
ø$3,000,000¿ $600,000 shall be transferred to the Working Capital
Fund for øthe development and maintenance of information technology systems¿ development of and modifications to information
technology systems which serve programs or activities under ‘‘Public
and Indian Housing’’: Provided, That of the amount provided under
this heading, ø$5,987,000¿ $2,000,000 shall be made available for
the cost of guaranteed notes and other obligations, as authorized
by title VI of NAHASDA: Provided further, That such costs, including
the costs of modifying such notes and other obligations, shall be
as defined in section 502 of the Congressional Budget Act of 1974,
as amended: Provided further, That these funds are available to subsidize the total principal amount of any notes and other obligations,
any part of which is to be guaranteed, not to exceed ø$52,726,000¿
$16,657,633: Provided further, That the Secretary of Housing and
Urban Development may provide technical and financial assistance
to Indian tribes and their tribally-designated housing entities in accordance with the provisions of NAHASDA for emergency housing,
housing assistance, and other assistance to address the problem of
mold: Provided further, That for administrative expenses to carry
out the guaranteed loan program, up to ø$150,000¿ $156,000 from
amounts in the first proviso, which shall be transferred to and
merged with the appropriation for ‘‘Salaries and 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, 2002.)

1 ................... ...................
1,235
¥653
581

479

PO 00000

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5 ................... ...................
829
¥641
187

836
¥649
187

834
¥647
187

650
649
647
¥1 ................... ...................
649

649

647

1,082
1,034
972
641
649
647
¥684
¥711
¥740
¥5 ................... ...................
1,034
972
878

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
2001 actual

Identification code 86–0313–0–1–604

Guaranteed loan levels supportable by subsidy budget
authority:
215001 Title VI ............................................................................

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2002 est.

2003 est.

480

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2003
73.20
74.40

(INCLUDING

¥1
9

Outlays (gross), detail:
Outlays from new discretionary authority ..................... ................... ...................

89.00
90.00

NATIVE AMERICAN HOUSING BLOCK GRANTS—Continued

Total outlays (gross) ...................................................... ................... ...................
Obligated balance, end of year ..................................... ................... ...................

86.90

General and special funds—Continued

Net budget authority and outlays:
Budget authority ............................................................ ................... ...................
Outlays ........................................................................... ................... ...................

10
1

TRANSFER OF FUNDS)—Continued

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)—Continued
2001 actual

Identification code 86–0313–0–1–604

215901 Total loan guarantee levels ...........................................
Guaranteed loan subsidy (in percent):
232001 Title VI ............................................................................

2002 est.

2003 est.

11.07

232901 Weighted average subsidy rate .....................................
Guaranteed loan subsidy budget authority:
233001 Title VI ............................................................................

11.07

233901 Total subsidy budget authority ......................................
Guaranteed loan subsidy outlays:
234001 Title VI ............................................................................

234901 Total subsidy outlays .....................................................

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 $17 million is proposed for this loan guarantee program for 2003. The subsidy rate for this program is set at
11.07 percent with a federal guarantee of 80 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.
f

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.), $10,000,000,
to remain available until expended, of which $400,000 shall be for
training and technical assistance activities.
Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0235–0–1–604

2002 est.

2003 est.

Obligations by program activity:
00.01 Native Hawaiian Housing Block Grant .......................... ................... ...................

10.00

Total new obligations (object class 41.0) ................ ................... ...................

Budgetary resources available for obligation:
22.00 New budget authority (gross) ........................................ ................... ...................
23.95 Total new obligations .................................................... ................... ...................

10
¥10

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation ............................................................. ................... ...................

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
consistent with the national goals of the program, but it can
base these measures on the needs and priorities that it establishes in its five- and one-year housing plans.
f

Public enterprise funds:
LOW-RENT PUBLIC HOUSING—LOANS

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OTHER EXPENSES

Program and Financing (in millions of dollars)
2001 actual

Identification code 86–4098–0–3–604

2002 est.

2003 est.

Obligations by program activity:
Reimbursable program: Capital investment loans to
PHAs ..........................................................................

10.00

Total new obligations (object class 33.0) ................

21.40
22.00
22.60

20
102
¥94

20
111
¥71

20
114
¥71

23.90
23.95
24.40

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

28
¥7
20

60
¥40
20

63
¥40
23

New budget authority (gross), detail:
Mandatory:
67.10
Authority to borrow ....................................................
69.00 Offsetting collections (cash) .........................................

25
77

40
71

40
74

09.01

70.00

Total new budget authority (gross) ..........................

102

111

114

72.40
73.10
73.20
74.40

772
7
¥97
682

682
40
¥111
611

611
40
¥114
537

86.97
86.98

Outlays (gross), detail:
Outlays from new mandatory authority .........................
Outlays from mandatory balances ................................

87.00

Total outlays (gross) .................................................

Change in obligated balances:
73.10 Total new obligations .................................................... ................... ...................

AND

77
111
114
20 ................... ...................
97

111

114

¥70
¥71
¥74
¥7 ................... ...................

88.90

Total, offsetting collections (cash) ..................

¥77

¥71

¥74

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

25
21

40
40

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PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
2207

Status of Direct Loans (in millions of dollars)
2001 actual

Identification code 86–4098–0–3–604

2002 est.

Non-Federal liabilities: Other ..................

Total liabilities ....................................
NET POSITION:
3100 Appropriated capital ................................
3300 Cumulative results of operations ............

1,514

1,432

1,514

705
15

636
–5

705
15

2999

2003 est.

1210
1251

Cumulative balance of direct loans outstanding:
Outstanding, start of year .............................................
Repayments: Repayments and prepayments .................

1,350
¥70

1,280
¥70

1,210
¥70

1290

Outstanding, end of year ..........................................

1,280

1,210

1,140

3999

Total net position ................................

720

631

720

4999

Total liabilities and net position ............

2,234

2,063

2,234

Status of Guaranteed Loans (in millions of dollars)
2001 actual

Identification code 86–4098–0–3–604

2002 est.

2003 est.

Credit accounts:
INDIAN HOUSING LOAN GUARANTEE FUND PROGRAM ACCOUNT

2,742
¥278

2,464
¥278

2,186
¥278

2290

Outstanding, end of year ..........................................

2,464

2,186

1,908

2299

Memorandum:
Guaranteed amount of guaranteed loans outstanding,
end of year ................................................................

2,464

2,186

1,908

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, $25 million borrowed from the Treasury
was forgiven in 2001, an estimated $40 million will be borrowed from the Treasury and forgiven in 2002, and an estimated $40 million will be borrowed from the Treasury and
forgiven in 2003.
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 2000, 2001, 2002 and 2003 follows:

0101
0102
0105

Revenue ...................................................
Expense ....................................................
Net income or loss (–) ............................

2000 actual

2001 actual

102
–99

89
–91

2002 est.

2003 est.

100
–99

–2

ASSETS:
1101 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 (–) ....................
1604
1699

2000 actual

2001 actual

792

702

2002 est.

2003 est.

792

1,282
80

1,359
85

–2

–1

–2

Direct loans and interest receivable, net .....................................

1,442

1,361

1,442

Value of assets related to direct
loans ..........................................

1,442

1,361

1,442

2,234

2,063

2,234

164
1,348

151
1,279

164
1,348

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Total assets ........................................
LIABILITIES:
Federal liabilities:
2102
Interest payable ..................................
2104
Resources payable to Treasury ...........

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14:08 Jan 23, 2002

2001 actual

Identification code 86–0223–0–1–371

2002 est.

2003 est.

00.02

Obligations by program activity:
Guaranteed loan subsidy ...............................................

10.00

Total new obligations (object class 41.0) ................

21.40
22.00

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority (gross) ........................................

17
6

22
6

22
5

23.90
23.95
24.40

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

23
¥1
22

28
¥6
22

27
¥5
23

72.40
73.10
73.20
74.40

3
1
¥1
3

3
6
¥7
2

2
5
¥7
1

86.90
86.93

Outlays (gross), detail:
Outlays from new discretionary authority .....................
1
Outlays from discretionary balances ............................. ...................

1
6

1
8

87.00

Total outlays (gross) .................................................

89.00
90.00

792

1,359
85

1999

TRANSFER OF FUNDS)

Program and Financing (in millions of dollars)

100
–99

Balance Sheet (in millions of dollars)
Identification code 86–4098–0–3–604

(INCLUDING

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$5,987,000¿ $5,000,000, to remain available until expended: Provided, That such costs, including the costs of modifying
such loans, shall be as defined in section 502 of the Congressional
Budget Act of 1974, 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$234,283,000¿ $197,242,798.
In addition, for administrative expenses to carry out the guaranteed loan program, up to ø$200,000¿ $207,000 from amounts in the
first paragraph, which shall be transferred to and merged with the
appropriation for ‘‘Salaries and 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, 2002.)

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................

Statement of Operations (in millions of dollars)
Identification code 86–4098–0–3–604

481

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

6
1

6
7

5
7

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
2001 actual

Identification code 86–0223–0–1–371

Jkt 189685

Guaranteed loan levels supportable by subsidy budget
authority:
215001 Indian Housing Loan Guarantee ....................................

2002 est.

2003 est.

234

194

215901 Total loan guarantee levels ...........................................
Guaranteed loan subsidy (in percent):
232001 Loan guarantee levels ...................................................

234

194

8.13

2.47

2.43

232901 Weighted average subsidy rate .....................................

8.13

2.47

2.43

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482

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2003
74.40
87.00

Credit accounts—Continued
INDIAN HOUSING LOAN GUARANTEE FUND PROGRAM ACCOUNT—
Continued
(INCLUDING

Offsets:
Against gross financing authority and financing disbursements:
88.00
Offsetting collections (cash) from: Federal sources:
Payments from program account .........................
Against gross financing authority only:
88.95
Change in receivables from program accounts .......

TRANSFER OF FUNDS)—Continued

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)—Continued
2001 actual

Identification code 86–0223–0–1–371

Guaranteed loan subsidy budget authority:
233001 Loan guarantee levels ...................................................
233901 Total subsidy budget authority ......................................
Guaranteed loan subsidy outlays:
234001 Loan guarantee levels ...................................................
234901 Total subsidy outlays .....................................................
Guaranteed loan downward reestimate subsidy budget
authority:
237001 Indian Housing Loan Guarantee ....................................

2002 est.

2003 est.

3
3

¥6 ................... ...................
¥6 ................... ...................

238901 Total downward reestimate subsidy outlays .................

¥6 ................... ...................

Administrative expense data:
351001 Budget authority ............................................................ ................... ................... ...................
358001 Outlays from balances ................................................... ................... ................... ...................
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)
2001 actual

2002 est.

2210
2231
2251
2263

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

New financing authority (gross), detail:
Spending authority from offsetting collections:
Discretionary:
68.00
Federal sources .....................................................
68.10
Change in uncollected customer payments from
Federal sources (unexpired) .............................
68.90

72.40
73.10
73.20
74.00

Spending authority from offsetting collections
(total discretionary) .....................................

8
4

6
3

14:08 Jan 23, 2002

Jkt 189685

2002 est.

2003 est.

72
213
¥272

234
272
¥486

234
486
¥700

13
13

20
20

66
20
¥8

77
23
¥9

Cumulative balance of guaranteed loans outstanding:
Outstanding, start of year .............................................
60
Disbursements of new guaranteed loans ......................
10
Repayments and prepayments ......................................
¥4
Adjustments: Terminations for default that result in
claim payments ......................................................... ...................

¥1

¥2

2290

Outstanding, end of year ..........................................

2299

Memorandum:
Guaranteed amount of guaranteed loans outstanding,
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 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.

2000 actual

1101

2001 actual

ASSETS:
Federal assets: Fund balances with
Treasury ...............................................

9
3

12
9
12
¥6 ................... ...................
6
9
12

2002 est.

2003 est.

Total assets ........................................
LIABILITIES:
2204 Non-Federal liabilities: Liabilities for
loan guarantees ..................................

2999

Total liabilities ....................................

4999

Total liabilities and net position ............

1999

NATIVE HAWAIIAN HOUSING LOAN GUARANTEE FUND PROGRAM
ACCOUNT

3 ................... ...................
4

Change in obligated balances:
Obligated balance, start of year ................................... ...................
¥3
¥3
Total new obligations ....................................................
6 ................... ...................
Total financing disbursements (gross) .........................
¥6 ................... ...................
Change in uncollected customer payments from Federal sources (unexpired) ............................................
¥3 ................... ...................

VerDate 11-MAY-2000

Total guaranteed loan commitments ........................
Guaranteed amount of guaranteed loan commitments

Identification code 86–4104–0–3–604

6 ................... ...................

23.90
23.95
24.40

¥3 ................... ...................

2001 actual

Identification code 86–4104–0–3–604

6 ................... ...................

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New financing authority (gross) ....................................

¥3

Balance Sheet (in millions of dollars)

10.00

21.40
22.00

¥3

Status of Guaranteed Loans (in millions of dollars)

2003 est.

Obligations by program activity:
08.02 Payment of Downward Re-Estimate to Receipt Account
Total new obligations ................................................

¥1

Net financing authority and financing disbursements:
Financing authority ........................................................ ................... ................... ...................
Financing disbursements ...............................................
4
¥3
¥3

89.00
90.00

¥3
¥3
¥1
6 ................... ...................

237901 Total downward reestimate subsidy budget authority
Guaranteed loan downward reestimate subsidy outlays:
238001 Indian Housing Loan Guarantee ....................................

Identification code 86–4104–0–3–604

Obligated balance, end of year .....................................
Total financing disbursements (gross) .........................

PO 00000

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(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), $1,000,000, to remain available until expended: Provided,
That such costs, including the costs of modifying such loans, shall
be as defined in section 502 of the Congressional Budget Act of
1974, 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$40,000,000¿ $39,711,934.

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PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
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 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, 2002.)
Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0233–0–1–371

2002 est.

2003 est.

Obligations by program activity:
00.02 Guaranteed loan subsidy ............................................... ................... ...................

10.00

Total new obligations (object class 41.0) ................ ................... ...................

22.00
23.95

Budgetary resources available for obligation:
New budget authority (gross) ........................................ ...................
1
Total new obligations .................................................... ................... ...................

1
¥1

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation ............................................................. ...................

Change in obligated balances:
73.10 Total new obligations .................................................... ................... ...................

86.93

Outlays (gross), detail:
Outlays from discretionary balances ............................. ................... ...................

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................ ...................
1
Outlays ........................................................................... ................... ...................

1
1

2001 actual

2002 est.

Guaranteed loan levels supportable by subsidy budget
authority:
215001 Native Hawaiian Housing .............................................. ...................

New financing authority (gross), detail:
Discretionary:
68.00
Spending authority from offsetting collections
(gross): Federal sources ....................................... ................... ...................

¥1

89.00
90.00

Status of Guaranteed Loans (in millions of dollars)
2001 actual

Identification code 86–4351–0–3–371

2002 est.

2003 est.

Position with respect to appropriations act limitation
on commitments:
2111 Limitation on guaranteed loans made by private lenders .............................................................................. ...................
40
2121 Limitation available from carry-forward ....................... ................... ...................
2143 Uncommitted limitation carried forward ....................... ...................
¥40
2150
2199

40
40
¥70

Total guaranteed loan commitments ........................ ................... ...................
Guaranteed amount of guaranteed loan commitments ................... ...................

10
10

Cumulative balance of guaranteed loans outstanding:
Outstanding, start of year ............................................. ................... ................... ...................
Disbursements of new guaranteed loans ...................... ................... ...................
1
Repayments and prepayments ...................................... ................... ................... ...................

2210
2231
2251

Memorandum:
Guaranteed amount of guaranteed loans outstanding,
end of year ................................................................ ................... ...................

Balance Sheet (in millions of dollars)

Outstanding, end of year .......................................... ................... ...................

2299

2003 est.

215901 Total loan guarantee levels ........................................... ...................
Guaranteed loan subsidy (in percent):
232001 Loan guarantee levels ................................................... ...................

Unobligated balance carried forward, end of year ....... ................... ...................

2290

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
Identification code 86–0233–0–1–371

24.40

483

2000 actual

2001 actual

2002 est.

ASSETS:
1101 Federal assets: Fund balances with
Treasury ...............................................

..................

1999

..................

Identification code 86–4351–0–3–371

2003 est.

2.47

2.43

2.47

2.43

233901 Total subsidy budget authority ...................................... ...................
1
Guaranteed loan subsidy outlays:
234001 Native Hawaiian Housing .............................................. ................... ...................

Total assets ........................................
LIABILITIES:
2204 Non-Federal liabilities: Liabilities for
loan guarantees ..................................

..................

2999

Total liabilities ....................................

..................

234901 Total subsidy outlays ..................................................... ................... ...................

4999

Total liabilities and net position ............

..................

232901 Weighted average subsidy rate ..................................... ...................
Guaranteed loan subsidy budget authority:
233001 Loan guarantee levels ................................................... ...................

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.

As required by the Federal Credit Reform Act of 1990,
this non-budgetary account records all cash flows to and from
the government resulting from the loan guarantees committed
in 2001 and beyond (including modifications of loan guarantees that resulted from obligations in any year). The amounts
in this account are a means of financing and are not included
in the budget totals. As required by the Federal Credit Reform Act of 1990, no administrative expenses can be recorded
in the financing account.
f

TITLE VI INDIAN FEDERAL GUARANTEES FINANCING ACCOUNT

Program and Financing (in millions of dollars)

NATIVE HAWAIIAN HOUSING LOAN GUARANTEE FUND FINANCING
ACCOUNT
Program and Financing (in millions of dollars)
2001 actual

Identification code 86–4351–0–3–371

2002 est.

Budgetary resources available for obligation:
22.00 New financing authority (gross) .................................... ................... ...................

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2001 actual

Identification code 86–4244–0–3–604

21.40
22.00

2003 est.

23.90
24.40

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year ...................
New financing authority (gross) ....................................
1
Total budgetary resources available for obligation
Unobligated balance carried forward, end of year .......

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1
1

2002 est.

2003 est.

1
3

4
2

4
4

6
7

484

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2003

Credit accounts—Continued

COMMUNITY PLANNING AND DEVELOPMENT

TITLE VI INDIAN FEDERAL GUARANTEES FINANCING ACCOUNT—
Continued

Federal Funds
General and special funds:

Program and Financing (in millions of dollars)—Continued
2001 actual

Identification code 86–4244–0–3–604

HOUSING OPPORTUNITIES

2002 est.

2003 est.

New financing authority (gross), detail:
Discretionary:
68.00
Spending authority from offsetting collections
(gross): Offsetting collections (cash) ...................

Offsets:
Against gross financing authority and financing disbursements:
88.00
Offsetting collections (cash) from: Federal sources

¥1

¥3

¥2

89.00
90.00

2150
2199

2210
2231
2251
2263

Total guaranteed loan commitments ........................
Guaranteed amount of guaranteed loan commitments

2002 est.

53
151
¥194

53
194
¥221

17
221
¥198

10
8

26
21

40
32

2002 est.

2003 est.

Obligations by program activity:
Housing for Persons with HIV/AIDS ...............................

239

277

292

Total new obligations (object class 41.0) ................

239

277

292

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority (gross) ........................................

69
257

88
277

88
292

23.90
23.95
24.40

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

326
¥239
88

365
¥277
88

380
¥292
88

2299

Memorandum:
Guaranteed amount of guaranteed loans outstanding,
end of year ................................................................

Balance Sheet (in millions of dollars)
2002 est.

2000 actual

2001 actual

ASSETS:
1101 Federal assets: Fund balances with
Treasury ...............................................

1999

Total assets ........................................
LIABILITIES:
2204 Non-Federal liabilities: Liabilities for
loan guarantees ..................................

2999

Total liabilities ....................................
NET POSITION:

3999

Total net position ................................

..................

4999

Total liabilities and net position ............

2003 est.

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.

PO 00000

Frm 00012

258
277
292
¥1 ................... ...................

43.00

Appropriation (total discretionary) ........................

257

277

292

72.40
73.10
73.20
74.40

441
239
¥241
439

439
277
¥250
466

466
292
¥260
498

86.90
86.93

Outlays (gross), detail:
Outlays from new discretionary authority .....................
Outlays from discretionary balances .............................

1
240

11
239

12
248

Total outlays (gross) .................................................

241

250

260

89.00
90.00

Jkt 189685

2001 actual

Identification code 86–0308–0–1–604

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

257
241

277
250

292
260

¥1

Outstanding, end of year ..........................................

14:08 Jan 23, 2002

Program and Financing (in millions of dollars)

87.00

30
36
¥2

2290

VerDate 11-MAY-2000

AIDS

10.00

2003 est.

Cumulative balance of guaranteed loans outstanding:
Outstanding, start of year .............................................
1
10
Disbursements of new guaranteed loans ......................
9
23
Repayments and prepayments ...................................... ...................
¥3
Adjustments: Terminations for default that result in
claim payments ......................................................... ................... ...................

Identification code 86–4244–0–3–604

WITH

21.40
22.00

2001 actual

PERSONS

00.01

Status of Guaranteed Loans (in millions of dollars)
Identification code 86–4244–0–3–604

FOR

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$277,432,000¿ $292,000,000, to remain available until September 30, ø2003¿ 2004: 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 $2,000,000 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, 2002.)

Fmt 3616

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 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 2003 will
support an additional 3,800 households, for a total of approximately 55,900 housing units for persons with HIV/AIDS and
their families.

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COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
COMMUNITY DEVELOPMENT øFUND¿ BLOCK GRANTS
(INCLUDING

TRANSFERS OF FUNDS)

For assistance to units of State and local government, and to other
entities, for economic and community development activities, and for
other purposes, ø$5,000,000,000¿ $4,715,500,000, to remain available
until September 30, ø2004¿ 2005: Provided, That of the amount provided, ø$4,341,000,000¿ $4,436,000,000 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 for entitlement
communities with per capita income two or more times the national
average, the formula funding otherwise available will be reduced by
fifty percent and the resulting savings will be redistributed to the
other entitlement communities under the formula: Provided further,
That ø$70,000,000¿ $72,500,000 shall be for grants to Indian tribes
notwithstanding section 106(a)(1) of such Act, of which up to
$1,500,000 shall be for the Native American Economic Development
Access Center; ø$3,300,000¿ $3,000,000 shall be øavailable as¿ for
a grant to the Housing Assistance Council; ø$2,600,000¿ $2,200,000
shall be øavailable as¿ for a grant to the National American Indian
Housing Council; ø$5,000,000 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; $5,000,000 shall be available as a
grant to the National Council of La Raza for the HOPE Fund, of
which $500,000 is for technical assistance and fund management,
and $4,500,000 is for investments in the HOPE Fund and financing
to affiliated organizations;¿ and ø$42,500,000¿ $38,900,000 shall be
for grants pursuant to section 107 of the Act of which ø$4,000,000¿
$2,400,000 shall be ømade available¿ to support Alaska Native serving institutions and Native Hawaiian serving institutions as defined
under the Higher Education Act, as amended, and of which
$3,000,000 shall be ømade available to¿ for tribal colleges and universities to build, expand, renovate and equip their facilities: øProvided
further, That $9,600,000 shall be made available to the Department
of Hawaiian Homelands to provide assistance as authorized under
title VIII of the Native American Housing Assistance and Self-Determination Act of 1996 (22 U.S.C. 4221 et seq.) (with no more than
5 percent of such funds being available for administrative costs):¿
Provided further, That no less than ø$13,800,000¿ $3,400,000 shall
be transferred to the Working Capital Fund for the development
øand maintenance¿ of and modification to information technology
systems: which serve programs or activities under ‘‘Community Planning and Development’’ Provided further, That ø$22,000,000¿
$65,000,000 shall be for grants pursuant to the Self Help øHousing¿
Homeownership Opportunity Program: Provided further, That 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’’, as defined in regulations promulgated
by the Department.
Of the amount ømade available¿ under this heading, ø$29,000,000¿
$29,500,000 shall be ømade available¿ for capacity building, of which
$25,000,000 shall be ømade available¿ 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 ø$4,000,000¿ $4,500,000 shall be for capacity building activities
administered by Habitat for Humanity International.
øOf the amount made available under this heading, the Secretary
of Housing and Urban Development may use up to $55,000,000 for
supportive services for public housing residents, as authorized by
section 34 of the United States Housing Act of 1937, as amended,
and for residents of housing assisted under the Native American
Housing Assistance and Self-Determination Act of 1996 (NAHASDA)
and for grants for service coordinators and congregate services for
the elderly and disabled residents of public and assisted housing
and housing assisted under NAHASDA.¿
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 stag-

VerDate 11-MAY-2000

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485

nating or declining economic base, or to determine whether housing
benefits can be integrated more effectively with welfare reform initiatives: Provided, That these grants shall be provided in accord with
the terms and conditions specified in the statement of managers
accompanying this conference report.¿
Of the amount made available under this heading, notwithstanding
any other provision of law, $65,000,000 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 may be used for administrative costs: Provided further, That
not less than $10,000,000 shall be available for grants to establish
YouthBuild programs in underserved and rural areas: Provided further, That of the amount provided under this paragraph, $2,000,000
shall be set aside and 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, $294,200,000
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 conference report.¿ (Departments of Veterans Affairs and Housing and Urban Development, and Independent
Agencies Appropriations Act, 2002.)
øFor emergency expenses to respond to the September 11, 2001,
terrorist attacks on the United States, for ‘‘Community Development
Fund’’, $2,000,000,000, to remain available until expended, to be obligated from amounts made available in Public Law 107–38: Provided,
That such funds shall be subject to the first through sixth provisos
in section 434 of Public Law 107–73: Provided further, That the
State of New York, in conjunction with the City of New York, shall,
through the Lower Manhattan Redevelopment Corporation (‘‘the corporation’’): (1) distribute the funds provided for the ‘‘Community Development Fund’’; (2) within 45 days of enactment of this Act, issue
the initial criteria and requirements necessary to accept applications
from individuals, nonprofits, and small businesses for economic losses
from the September 11, 2001, terrorist attacks; and (3) begin processing such applications: Provided further, That the corporation shall
expeditiously respond to any application from an individual, nonprofit, or small business for economic losses under this heading: Provided further, That of the total amount made available for the ‘‘Community Development Fund’’, including amounts previously made
available by transfer pursuant to the fifth proviso of Public Law
107–38, no less than $500,000,000 shall be made available for individuals, nonprofits, or small businesses described in the prior three
provisos, with a limit of $500,000 per small business for economic
losses: Provided further, That amounts made available in the previous
proviso shall only be available for individuals, nonprofits, or small
businesses located in New York City in the area located on or south
of West 14th Street (west of its intersection with 5th Avenue), or
on or south of East 14th street (east of its intersection with 5th
Street): Provided further, That, of the amount provided in this paragraph, $10,000,000 shall be used for a program to aid the travel
and tourism industry in New York City.¿ (Emergency Supplemental
Act, 2002.)
Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0162–0–1–451

00.01
00.02
00.03

Obligations by program activity:
Community Development Grants ...................................
4,953
World Trade Center Response ........................................ ...................
Working Capital Fund ....................................................
15

10.00

Total new obligations (object class 41.0) ................

4,968

2002 est.

2003 est.

6,012
4,713
2,700 ...................
14
3
8,726

4,716

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
883
1,026 ...................
New budget authority (gross) ........................................
5,112
7,000
4,716
Resources available from recoveries of prior year obligations .......................................................................
4 ................... ...................
22.22 Unobligated balance transferred from other accounts ...................
700 ...................
21.40
22.00
22.10

23.90

Sfmt 3643

Total budgetary resources available for obligation

E:\BUDGET\HUD.XXX

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5,999

8,726

4,716

486

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2003

General and special funds—Continued
COMMUNITY DEVELOPMENT øFUND¿ BLOCK GRANTS—Continued
(INCLUDING

TRANSFERS OF FUNDS)—Continued

Program and Financing (in millions of dollars)—Continued
2001 actual

Identification code 86–0162–0–1–451

23.95
23.98
24.40

Total new obligations ....................................................
Unobligated balance expiring or withdrawn .................
Unobligated balance carried forward, end of year .......

2002 est.

2003 est.

¥4,968
¥8,726
¥4,716
¥3 ................... ...................
1,026 ................... ...................

New budget authority (gross), detail:
Discretionary:
Appropriation:
40.00
Appropriation .........................................................
5,602
5,000
4,716
40.00
Appropriation—pursuant to Defense Supp (HR
3338) ................................................................ ...................
2,000 ...................
40.36
Unobligated balance rescinded .................................
¥479 ................... ...................
40.77
Reduction pursuant to P.L. 106–554 (0.22 percent)
¥11 ................... ...................
43.00

Appropriation (total discretionary) ........................

5,112

7,000

4,716

72.40
73.10
73.20
73.40
73.45
74.40

86.90
86.93

Outlays (gross), detail:
Outlays from new discretionary authority .....................
Outlays from discretionary balances .............................

136
4,803

300
4,935

94
5,784

87.00

Total outlays (gross) .................................................

4,939

5,235

5,878

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

5,112
4,939

7,000
5,235

4,716
5,878

9,074
9,091
12,582
4,968
8,726
4,716
¥4,939
¥5,235
¥5,878
¥8 ................... ...................
¥4 ................... ...................
9,091
12,582
11,420

Summary of Budget Authority and Outlays
(in millions of dollars)

Enacted/requested:
2001 actual
2002 est.
2003 est.
Budget Authority .....................................................................
5,112
7,000
4,716
Outlays ....................................................................................
4,939
5,235
5,878
Legislative proposal, not subject to PAYGO:
Budget Authority ..................................................................... .................... ....................
16
Outlays .................................................................................... .................... .................... ....................
Total:
Budget Authority .....................................................................
Outlays ....................................................................................

5,112
4,939

7,000
5,235

4,732
5,878

Title I of the Housing and Community Development Act
of 1974, as amended, authorizes the Secretary to make grants
to units of general local government under the Community
Development Block Grant (CDBG) program and States to
fund local community development programs.
The 2003 Budget allocates $72.5 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. Since the vast
majority of eligible tribes and Alaska Native Villages have
non-existent tax bases, 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. Up to $1,500,000 is for the continuing operation of the Native American Economic Development Access
Center. Unemployment on Indian reservations and other Indian areas is extremely high. This Federal interagency project

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provides economic development information to Indian and
non-Indian individuals and enterprises.
Seventy percent of CDBG formula funds are allocated to
metropolitan cities and urban counties that receive their
grants using the higher of two objective formulas. States and
small cities receive 30 percent of the formula funds. The
budget proposes to reduce by fifty percent the formula funds
which would otherwise be available for entitlement communities that have a per capita income two or more times the
national average. These savings allow for the funding of a
$16 million Colonias Gateway Initiative which will help direct
considerable assistance to very low income communities. The
proposed level of funding for CDBG and the Section 108 Loan
Guarantee Program will support an estimated 122,987 and
15,000 jobs, respectively. These funds will also help to rehabilitate 180,260 housing units.
Section 107 Grants include funding for technical assistance
to support local and State grantees, management information
systems support, Historically Black Colleges and Universities,
Hispanic serving Institutions, the Community Development
Work Study, Community Outreach Partnership Centers
(COPC), Tribal Colleges and Universities and Alaska Native
and Native Hawaiian Serving Institutions programs. There
is also a legislative proposal to move the funding for the
Insular areas out of Section 107 and into Section 106, the
Formula program.
As authorized by Section 4 of the HUD Demonstration Act
of 1993, the National Community Development Initiative
(NCDI) helps build capacity of community-based development
corporations and housing development organizations, and assist such corporations and organizations to carry out community development and affordable housing activities. The 2003
Budget includes $25 million for this program. In addition,
$4.5 million is set aside for Habitat for Humanity capacity
building programs. Both programs will target their efforts
to increasing minority homeownership.
The Youthbuild program provides resources to educate,
train and supply stipends for economically disadvantaged
young adults through their participation in the construction
and rehabilitation of housing for low-income and homeless
families and individuals. The program expands the supply
of affordable housing and, at the same time, enables high
school drop-outs to obtain the education and employment
skills necessary to achieve self-sufficiency. The 2003 request
for $65 million will provide more than 3,774 young people
with skills they need to obtain jobs. Funding of $65 million
is provided for the Self-Help Homeownership Opportunity
Program (Shop) which is targeted at very low-income populations. The three-fold increase reflects the growing capacity
of self-help housing organizations to expand upon recent successes in making home ownership a viable option. In addition,
$3 million is provided for the Housing Assistance Council
as well as $2.2 million for the Native American Indian Housing Council to meet unserved rural and Native American
housing needs.
The 2003 Budget also includes $3 million in competitive
grants to Tribal Colleges and Universities (TCU) to provide
resources to build, expand, renovate and equip facilities. In
addition, $2.4 million is provided to assist Alaska Native and
Native Hawaiian Serving institutions.
(Legislative proposal not subject to PAYGO)
Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0162–2–1–451

2002 est.

2003 est.

00.01

Obligations by program activity:
Colonias Gateway Initiative ........................................... ................... ...................

10.00

Total new obligations (object class 41.0) ................ ................... ...................

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COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Budgetary resources available for obligation:
New budget authority (gross) ........................................ ................... ...................
Total new obligations .................................................... ................... ...................

16
¥16

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation ............................................................. ................... ...................

73.10
74.40

Change in obligated balances:
Total new obligations .................................................... ................... ...................
Obligated balance, end of year ..................................... ................... ...................

16
16

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................ ................... ...................
16
Outlays ........................................................................... ................... ................... ...................

22.00
23.95

The Budget also provides $16 million for the Colonias Gateway Initiative to enhance the availability of affordable housing, economic opportunity, and infrastructure in the Colonias
by establishing a non-profit entity with the mission of improving the coordination of public, private, and community-based
resources in the Colonias. Colonias are rural communities
within 150 miles of the U.S. Mexican border that lack adequate infrastructure and other basic services.
f

øEMPOWERMENT ZONES/ENTERPRISE COMMUNITIES¿
øFor grants in connection with a second round of empowerment
zones and enterprise communities, $45,000,000, to remain available
until expended, for ‘‘Urban Empowerment Zones’’, as authorized in
section 1391(g) of the Internal Revenue Code of 1986 (26 U.S.C.
1391(g)), including $3,000,000 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, 2002.)
Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0315–0–1–451

2002 est.

2003 est.

00.01

Obligations by program activity:
Develop urban sites .......................................................

185

45 ...................

10.00

Total new obligations (object class 41.0) ................

185

45 ...................

22.00
23.95

Budgetary resources available for obligation:
New budget authority (gross) ........................................
Total new obligations ....................................................

185
¥185

45 ...................
¥45 ...................

487

Empowerment Zones. The VA HUD Appropriations Act of
2002 (P.L. 107–73) provided $45 million for Round II Urban
Empowerment Zones that will bring the total funding for
Round II urban EZs through 2002 to $330 million. No new
funding is proposed for EZ’s in FY 2003.
Funding provides for a broad range of activities aimed at
assisting residents, businesses and organizations in urban
EZs, including: community policing; health care; neighborhood
development; brownfields clean-up and redevelopment; support for financing of capital projects; education; work force
preparation and job creation efforts linked to welfare reform;
leveraging private sector resources, repayment of debt financing by municipal bonds; financing of projects in conjunction
with the Section 108 loan guarantee program and other economic development projects; support for project-based rental
assistance; and, financing other housing activities.
EZs are helping to stimulate billions of dollars in private
investment, reviving inner city neighborhoods and supporting
jobs, and helping families move from welfare to work.
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. The Community Renewal and Tax Relief Act of 2000 also authorized the creation
of a Renewal Communities program to be administered by
HUD that includes 40 competitively selected communities.
f

BROWNFIELDS REDEVELOPMENT
For Economic Development Grantsø, as authorized by section
108(q) of the Housing and Community Development Act of 1974,
as amended,¿ for Brownfields redevelopment projects, $25,000,000,
to remain available until September 30, ø2003¿ 2004: Provided, That
the Secretary of Housing and Urban Development shall make these
grants available on a competitive basis as specified in section 102
of the Department of Housing and Urban Development Reform Act
of 1989: Provided further, That notwithstanding section 108(q) of the
Housing and Community Development Act of 1974, recipients of funding made available under this heading may, at the discretion of the
Secretary, also apply for funding under section 108. (Departments
of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2002.)
Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0314–0–1–451

2002 est.

2003 est.

Change in obligated balances:
72.40 Obligated balance, start of year ...................................
73.10 Total new obligations ....................................................
73.20 Total outlays (gross) ......................................................
74.40 Obligated balance, end of year .....................................

00.01
185

93
185
¥31
246

246
202
45 ...................
¥89
¥104
202
98

1 ...................
89
104

87.00

Net budget authority and outlays:
89.00 Budget authority ............................................................
90.00 Outlays ...........................................................................

185
31

104

45 ...................
89
104

The goal of the Empowerment Zone (EZ) initiative is to
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 VA HUD Appropriations Act of 2001 (P.L. 106–377
and P.L. 106–554) provided $185 million for Round II Urban

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Total new obligations (object class 41.0) ................

21.40
22.00

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority (gross) ........................................

25
25

1 ...................
25
25

23.90
23.95
24.40

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

45 ...................

Outlays (gross), detail:
86.90 Outlays from new discretionary authority ..................... ...................
86.93 Outlays from discretionary balances .............................
31
Total outlays (gross) .................................................

Obligations by program activity:
Cleanup and develop contaminated sites .....................

10.00

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................

Frm 00015

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50
26
25
¥49
¥26
¥25
1 ................... ...................

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................

72.40
73.10
73.20
74.40

46
49
¥4
91

91
26
¥26
91

91
25
¥31
85

86.90
86.93

Outlays (gross), detail:
Outlays from new discretionary authority ..................... ...................
Outlays from discretionary balances .............................
4

1
25

1
30

87.00

Total outlays (gross) .................................................

89.00

Net budget authority and outlays:
Budget authority ............................................................

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488

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2003

General and special funds—Continued
BROWNFIELDS REDEVELOPMENT—Continued
Program and Financing (in millions of dollars)—Continued
2001 actual

Identification code 86–0314–0–1–451

90.00

Outlays ...........................................................................

2002 est.

2003 est.

The Brownfields Redevelopment initiative provides competitive economic development grants, which may be done in conjunction with Section 108 loan guarantees, for qualified
brownfield projects. Previously Brownfields grants had to be
used with section 108 loan guarantees. Eligible communities
are invited to submit proposals to return contaminated sites
to productive and employment-generating uses, with an emphasis on creating substantial numbers of jobs for lower-income people in physically and economically distressed neighborhoods.
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.
The Brownfields Redevelopment initiative has received annual appropriations of $25 million since its inception in 1998.
The 2003 request of $25 million will enable communities to
reclaim and redevelop approximately 19 Brownfield sites.
f

izing such initiative not be enacted by June 30, 2002, amounts designated in the previous proviso shall become available for any such
purpose authorized under title II of the Cranston-Gonzalez National
Affordable Housing Act, as amended: Provided further, That of the
total amount provided under this heading, up to $20,000,000 shall
be available for housing counseling under section 106 of the Housing
and Urban Development Act of 1968; and¿; and no less than
ø$17,000,000¿ $1,100,000 shall be transferred to the Working Capital
Fund for the development of and maintenance of, and modification
to information technology systems which serve Programs or activities
under ‘‘Community Planning and Development’’. (Departments of Veterans Affairs and Housing and Urban Development, and Independent
Agencies Appropriations Act, 2002.)
Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0205–0–1–604

2002 est.

2003 est.

00.01

Obligations by program activity:
HOME grants ..................................................................

1,706

1,846

2,084

10.00

Total new obligations (object class 41.0) ................

1,706

1,846

2,084

21.40
22.00
22.10

189
1,796

284
1,846

284
2,084

23.90
23.95
24.40

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

5 ................... ...................
1,990
¥1,706
284

2,130
¥1,846
284

2,368
¥2,084
284

Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0219–0–1–604

2002 est.

Change in obligated balances:
Obligated balance, start of year ...................................
1
1 ...................
Total outlays (gross) ...................................................... ...................
¥1 ...................
Obligated balance, end of year .....................................
1 ................... ...................

86.93

Outlays (gross), detail:
Outlays from discretionary balances ............................. ...................

This program provides resources to educate, train, and provide stipends for economically disadvantaged young adults
through their participation in the construction and rehabilitation of housing for low-income and homeless persons. The
program expands the supply of affordable housing and, at
the same time, enables high school dropouts to obtain the
education and employment skills necessary to achieve selfsufficiency. The Youthbuild program has been funded as a
set-aside within the CDBG program since 1996. The 2003
set aside request of $65 million will provide more than 3,774
young people with skills they need to get jobs. The obligated
balance and outlays represent activity in the separate
youthbuild account.
f

HOME INVESTMENT PARTNERSHIPS PROGRAM
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$1,846,040,000¿ $2,084,100,000, to remain available until September 30, ø2004: Provided, That of the total amount
provided under this heading, $50,000,000¿ 2005, of which
$200,000,000 shall be available for the Downpayment Assistance
Initiativeø, subject to the enactment of subsequent legislation authorizing such initiative: Provided further, That should legislation author-

14:08 Jan 23, 2002

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1,796

72.40
73.10
73.20
73.45
74.40

86.90
86.93

Outlays (gross), detail:
Outlays from new discretionary authority .....................
Outlays from discretionary balances .............................

38
1,386

37
1,514

42
1,558

87.00

Total outlays (gross) .................................................

1,424

1,551

1,600

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

1,796
1,424

1,846
1,551

2,084
1,600

1 ...................

Net budget authority and outlays:
89.00 Budget authority ............................................................ ................... ................... ...................
90.00 Outlays ........................................................................... ...................
1 ...................

VerDate 11-MAY-2000

Appropriation (total discretionary) ........................

1,846

2,084

2003 est.

72.40
73.20
74.40

(INCLUDING

1,800
1,846
2,084
¥4 ................... ...................

43.00

YOUTHBUILD PROGRAM

Frm 00016

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4,107
4,383
4,678
1,706
1,846
2,084
¥1,424
¥1,551
¥1,600
¥5 ................... ...................
4,383
4,678
5,162

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 2003 request will result in
the production of 104,000 units of affordable housing through
new construction, rehabilitation, or acquisition. In addition,
tenant-based rental assistance will be provided for 12,700
units.
The HOME request also includes up to $1.1 million for
information technology related projects, funding for technical
assistance, and $1 million for program management and analytical support.
f

HOMELESS ASSISTANCE GRANTS
(INCLUDING

TRANSFER OF FUNDS)

For the emergency shelter grants program as authorized under
subtitle B of title IV of the McKinney-Vento Homeless Assistance

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COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
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$1,122,525,000¿
$1,129,500,000, to remain available until September 30, ø2004¿ 2005:
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 ø$2,000,000¿
$11,000,000 of the funds appropriated under this heading shall be
available for the national homeless data analysis project: Provided
further, That $6,600,000 of the funds appropriated under this heading
shall be available for technical assistance: Provided further, That
no less than ø$5,600,000¿ $1,500,000 of the funds appropriated under
this heading shall be transferred to the Working Capital Fund: for
the development of and modifications to information technology systems which serve activities under ‘‘Community Planning and Development’’: Provided further, That ø$500,000¿ $1,000,000 shall be made
available to the Interagency Council on the Homeless for administrative needs. (Departments of Veterans Affairs and Housing and Urban
Development, and Independent Agencies Appropriations Act, 2002.)

The Homeless Assistance Grants program 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 continue
to shape and implement comprehensive, flexible, coordinated
approaches to solving rather than institutionalizing homelessness. In fact, in recent years, many communities have made
great strides in developing holistic approaches to solving
homelessness. Requested funding would 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 in 10 years. The Administration will propose legislation to combine HUD’s three competitive programs, Shelter Plus Care, Supportive Housing,
and Section 8 Moderate Rehabilitation Single Room Occupany
into a single program with enough flexibility to meet community needs. The Department is also continuing to pursue expanded interagency efforts to meet the needs of the homeless.
The 2003 request will fund over 50,000 new and renewal
transitional and permanent beds, all linked to supportive
services.
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
management information systems support, including the continuing operation of tracking systems required by House Report 105–610.
f

EMERGENCY FOOD

2001 actual

2002 est.

2003 est.

00.01

Obligations by program activity:
Homeless assistance grants ..........................................

999

2,531

1,130

10.00

Total new obligations (object class 41.0) ................

999

2,531

AND

SHELTER PROGRAM

(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0230–2–1–605

Program and Financing (in millions of dollars)
Identification code 86–0192–0–1–604

489

2002 est.

2003 est.

10.00

Obligations by program activity:
Total new obligations (object class 41.0) ..................... ................... ...................

153

22.00
23.95

Budgetary resources available for obligation:
New budget authority (gross) ........................................ ................... ...................
Total new obligations .................................................... ................... ...................

153
¥153

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation ............................................................. ................... ...................

153

73.10
73.20

Change in obligated balances:
Total new obligations .................................................... ................... ...................
Total outlays (gross) ...................................................... ................... ...................

153
¥153

86.90

Outlays (gross), detail:
Outlays from new discretionary authority ..................... ................... ...................

153

89.00
90.00

153
153

1,130

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 .......................................................................
23.90
23.95
24.40

1,340
1,023

1,408 ...................
1,123
1,130

44 ................... ...................

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

2,407
2,531
1,130
¥999
¥2,531
¥1,130
1,408 ................... ...................

1,025
1,123
1,130
¥2 ................... ...................

43.00

Appropriation (total discretionary) ........................

1,023

72.40
73.10
73.20
73.45
74.40

86.90
86.93

Outlays (gross), detail:
Outlays from new discretionary authority .....................
Outlays from discretionary balances .............................

12
953

34
1,028

34
1,165

87.00

Total outlays (gross) .................................................

965

1,062

1,199

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

1,023
965

1,123
1,062

1,130
1,199

PO 00000

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1,123

1,130

2,510
2,500
3,969
999
2,531
1,130
¥965
¥1,062
¥1,199
¥44 ................... ...................
2,500
3,969
3,900

Legislation will be submitted to transfer this program from
the Federal Emergency Management Agency to HUD. This
transfer reduces the number of Federal agencies administering homeless programs—for HUD, ending chronic homelessness is part of its core mission. The Emergency Food
and Shelter program distributes funds rapidly and equitably
to local jurisdictions to supplement community efforts to provide emergency food and shelter services. Funds will be obligated to a National Board, which will be chaired by HUD
and whose non-profit partners (American Red Cross, The Salvation Army, United Way of America, and others) provide
professional expertise. This National Board then works
through similarly composed local boards to advertise the
avaialbility of funds, assess community needs, and make allocation choices. These community-based Local Boards also assure coordination of effort and development of systems to

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490

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2003

86.93

Outlays (gross), detail:
Outlays from discretionary balances .............................

89.00
90.00

General and special funds—Continued
EMERGENCY FOOD

AND

SHELTER PROGRAM—Continued

prevent duplication of benefits. The Budget proposes no
changes in the program’s design or operation. The 2003 Budget includes $153 million, a $13 million increase.
RURAL HOUSING

AND

ECONOMIC DEVELOPMENT

øFor the Office of Rural Housing and Economic Development in
the Department of Housing and Urban Development, $25,000,000
to remain available until expended, which amount shall be awarded
by June 1, 2002, 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:
Provided, That all grants shall be awarded on a competitive basis
as specified in section 102 of the Department of Housing and Urban
Development Reform Act of 1989.¿ (Departments of Veterans Affairs
and Housing and Urban Development, and Independent Agencies Appropriations Act, 2002.)

2001 actual

2002 est.

2003 est.

00.01

Obligations by program activity:
Rural Housing ................................................................

51 ...................

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) ........................................

23.90
23.95
24.40

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

26
25

26 ...................
25 ...................

51
51 ...................
¥25
¥51 ...................
26 ................... ...................

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................

25 ...................

72.40
73.10
73.20
74.40

23
25
¥17
31

31
57
51 ...................
¥25
¥25
57
32

86.90
86.93

Outlays (gross), detail:
Outlays from new discretionary authority ..................... ...................
Outlays from discretionary balances .............................
17

1 ...................
24
25

87.00

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

CAPACITY BUILDING FOR COMMUNITY DEVELOPMENT
AFFORDABLE HOUSING

AND

Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0222–0–1–451

2002 est.

2003 est.

72.40
73.20
74.40

86.93

Outlays (gross), detail:
Outlays from discretionary balances .............................

51 ...................

21.40
22.00

89.00
90.00

Program and Financing (in millions of dollars)
Identification code 86–0324–0–1–604

Total outlays (gross) .................................................

25
17

7
2 ...................
¥5
¥2 ...................
2 ................... ...................

2 ...................

As authorized by section 4 of the HUD Demonstration Act
of 1993, this program provides funding to the National Community Development Initiative to build the capacity of community-based development corporations and housing development organizations and to assist such corporations and organizations to carry out community development and affordable
housing activities. Funding for this program was provided
under the Annual Contributions for Assisted Housing account
in 1996. Public Law 105–18 amended authorizing legislation
to include additional eligible recipients and provided funding
for this program through a transfer from the Homeownership
and Opportunity for People Everywhere Grants account in
1997. Funding of $28 million was provided for this program
in 2001 in Public Law 106–377 as a set-aside within the
CDBG program. P.L. 107–73 provided $29 million for this
program in 2002. $29.5 million is being requested in 2003,
again as a set-aside within CDBG.

25 ...................
25
25

SHELTER PLUS CARE RENEWALS
Program and Financing (in millions of dollars)

The 2002 VA–HUD and Independent Agencies Appropriations Act (P.L. 107–73) provided $25 million to the Rural
Housing and Economic Development program. This program
is located in the Office of Community Planning and Development and is used to encourage new and innovative approaches
to serving the housing and economic development needs of
the nation’s rural communities. The 2003 Budget proposes
no new funding for this program.
f

2002 est.

2003 est.

00.01

Obligations by program activity:
Renewal of Expiring Contracts ......................................

76 ...................

10.00

Total new obligations (object class 41.0) ................

76 ...................

21.40
22.00
23.90
23.95
24.40

URBAN DEVELOPMENT ACTION GRANTS

2001 actual

Identification code 86–0232–0–1–604

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year ...................
76 ...................
New budget authority (gross) ........................................
100 ................... ...................
Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

100
76 ...................
¥24
¥76 ...................
76 ................... ...................

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................

100 ................... ...................

Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0170–0–1–451

Change in obligated balances:
72.40 Obligated balance, start of year ...................................
73.20 Total outlays (gross) ......................................................
74.40 Obligated balance, end of year .....................................

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2002 est.

2003 est.

68
¥1
67

67
¥15
52

52
¥15
37

PO 00000

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72.40
73.10
73.20

Change in obligated balances:
Obligated balance, start of year ................................... ...................
Total new obligations ....................................................
24
Total outlays (gross) ......................................................
¥2

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22
52
76 ...................
¥46
¥52

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
74.40

86.90
86.93

Obligated balance, end of year .....................................

52 ...................

Outlays (gross), detail:
Outlays from new discretionary authority .....................
2 ................... ...................
Outlays from discretionary balances ............................. ...................
46
52

87.00

Total outlays (gross) .................................................

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

100 ................... ...................
2
46
52

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 FY 2002 VA HUD
Appropriations Act (P.L. 107–73) provided funding for Shelter
Plus Care in the Homeless Assistance Grants account.
Amounts provided in FY 2002 are sufficient to cover Shelter
Plus Care Renewals in 2003. In the future, Shelter Plus Care
Renewals will be funded in the Homeless Assistance Grants
account.
f

Public enterprise funds:
REVOLVING FUND (LIQUIDATING PROGRAMS)
Program and Financing (in millions of dollars)
2001 actual

Identification code 86–4015–0–3–451

09.01
09.03

Obligations by program activity:
Loan servicing ................................................................
Administrative expenses ................................................

10.00

Total new obligations ................................................

2002 est.

2003 est.

5
4 ...................
1 ................... ...................

Status of Direct Loans (in millions of dollars)

76
81
¥120

31
13
1
1
¥15 ...................

23.90
23.95
24.40

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

37
¥6
31

17
14
¥4 ...................
13
14

New budget authority (gross), detail:
Mandatory:
69.00
Offsetting collections (cash) .....................................

142
¥76
¥47

19
¥1
¥2

16
¥1
¥2

1290

Outstanding, end of year ..........................................

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. The account’s
largest influx of funds in fiscal year 2001 resulted from the
sale of most of the section 312 loan portfolio to the private
sector for $64 million.
Statement of Operations (in millions of dollars)
2000 actual

2001 actual

0101
0102

Revenue ...................................................
Expense ....................................................

5
–4

4
–183

5
–4

0105

Net income or loss (–) ............................

–179

Identification code 86–4015–0–3–451

2002 est.

2003 est.

Balance Sheet (in millions of dollars)
2000 actual

Identification code 86–4015–0–3–451

ASSETS:
1101 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:
1601
Direct loans, gross ..............................
1602
Interest receivable ..............................
1603
Allowance for estimated uncollectible
loans and interest (–) ....................
Direct loans and interest receivable, net .....................................
Foreclosed property .............................

1699
1801

Value of assets related to direct
loans ..........................................
Other Federal assets: Cash and other
monetary assets ..................................

1999

Total assets ........................................
LIABILITIES:
Non-Federal liabilities:
2201
Accounts payable ................................
2207
Other ...................................................

2001 actual

2002 est.

2003 est.

17
1

..................
1

142
12

19
4

–19

–8

135
1

15
3

136

..................

237

1
8

..................
9

1
2999

6
6
¥5
7

Outlays (gross), detail:
Outlays from mandatory balances ................................

7
7
4 ...................
¥4
¥3
7
4

Total liabilities ....................................
NET POSITION:
3100 Appropriated capital ................................
3300 Cumulative results of operations ............

10
218

3
45

3999

Total net position ................................

228

4999

Change in obligated balances:
72.40 Obligated balance, start of year ...................................
73.10 Total new obligations ....................................................
73.20 Total outlays (gross) ......................................................
74.40 Obligated balance, end of year .....................................

86.98

2003 est.

Cumulative balance of direct loans outstanding:
Outstanding, start of year .............................................
Repayments: Repayments and prepayments .................
Write-offs for default: Direct loans ...............................

1606
Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority (gross) ........................................
Capital transfer to general fund ...................................

2002 est.

1210
1251
1263

4 ...................

21.40
22.00
22.40

2001 actual

Identification code 86–4015–0–3–451

1604
6

491

Total liabilities and net position ............

237

Object Classification (in millions of dollars)
Offsets:
Against gross budget authority and outlays:
88.40
Offsetting collections (cash) from: Non-Federal
sources ..................................................................

89.00
90.00

¥81

¥1

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Identification code 86–4015–0–3–451

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25.2
32.0

Other services ................................................................
Land and structures ......................................................

99.9

Total new obligations ................................................

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2002 est.

2003 est.

4
4 ...................
2 ................... ...................
6

4 ...................

492

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2003
215901 Total loan guarantee levels ...........................................
Guaranteed loan subsidy (in percent):
232001 Subsidy rate ...................................................................

Credit accounts:
COMMUNITY DEVELOPMENT LOAN GUARANTEES PROGRAM ACCOUNT
(INCLUDING

TRANSFER OF FUNDS)

For the cost of guaranteed loans, ø$14,000,000¿ $6,325,000, to remain available until September 30, ø2003¿ 2004, 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 ø$608,696,000¿
$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 amendedø: Provided further,
That in¿. In addition, for administrative expenses to carry out the
guaranteed loan program, ø$1,000,000¿ $1,040,000, 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, 2002.)
Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0198–0–1–451

2002 est.

2003 est.

1,258

609

275

2.30

232901 Weighted average subsidy rate .....................................
Guaranteed loan subsidy budget authority:
233001 Loan guarantee levels ...................................................

2.30

233901 Total subsidy budget authority ......................................
Guaranteed loan subsidy outlays:
234001 Loan guarantee levels ...................................................

234901 Total subsidy outlays .....................................................

Administrative expense data:
351001 Budget authority ............................................................
359001 Outlays from new authority ...........................................

1
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 1992 and beyond (including modifications of direct loans or loan guarantees that resulted from obligations or commitments in any
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.

Obligations by program activity:
Community development loan guarantee credit subsidy ............................................................................
00.09 Administrative expense ..................................................

6
1

14
1

6
1

COMMUNITY DEVELOPMENT LOAN GUARANTEES FINANCING ACCOUNT

10.00

Program and Financing (in millions of dollars)

00.02

Total new obligations (object class 33.0) ................

Budgetary resources available for obligation:
22.00 New budget authority (gross) ........................................
23.95 Total new obligations ....................................................
23.98 Unobligated balance expiring or withdrawn .................
New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................

30
15
7
¥7
¥15
¥7
¥23 ................... ...................

72.40
73.10
73.20
73.40
74.40

86.90
86.93

Outlays (gross), detail:
Outlays from new discretionary authority .....................
Outlays from discretionary balances .............................

2
5

3
8

87.00

Total outlays (gross) .................................................

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

30
7

15
11

7
15

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
2001 actual

Identification code 86–0198–0–1–451

Guaranteed loan levels supportable by subsidy budget
authority:
215001 Community development loan guarantee levels ...........

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2002 est.

2003 est.

1,258

609

275

PO 00000

Frm 00020

Fmt 3616

2003 est.

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New financing authority (gross) ....................................

22
26

48
12

60
17

23.90
24.40

Total budgetary resources available for obligation
Unobligated balance carried forward, end of year .......

48
48

60
60

77
78

New financing authority (gross), detail:
Spending authority from offsetting collections:
Discretionary:
68.00
Offsetting collections (cash) ................................
68.10
Change in uncollected customer payments from
Federal sources (unexpired) .............................
68.90

Guaranteed Loans.—The Community Development Loan
Guarantee program (Section 108) has a proposed commitment
level of $275 million in 2003. The credit subsidy/administrative cost estimate for the guaranteed loan program is $7
million in 2003.
Section 108 loan guarantees are used by Community Development Block Grant entitlement and nonentitlement communities (assisted by their State) to cover the cost of: acquiring
real property; rehabilitating publicly owned real property;
housing rehabilitation; and, certain other economic development activities. In addition, Section 108 has, in some cases,
been used to finance the construction of housing by nonprofit
organizations.

2002 est.

21.40
22.00

2
13

22
18
22
7
15
7
¥7
¥11
¥15
¥3 ................... ...................
18
22
14

2001 actual

Identification code 86–4096–0–3–451

Spending authority from offsetting collections
(total discretionary) .....................................

18 ................... ...................
26

Change in obligated balances:
Obligated balance, start of year ................................... ...................
¥18
¥18
Change in uncollected customer payments from Federal sources (unexpired) ............................................
¥18 ................... ...................
74.40 Obligated balance, end of year .....................................
¥18
¥18
¥18
72.40
74.00

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
88.00
Federal sources .....................................................
88.25
Interest on uninvested funds ...............................

¥7
¥1

¥10
¥2

¥14
¥3

88.90

¥8

¥12

¥17

88.95

89.00
90.00

Total, offsetting collections (cash) ..................
Against gross financing authority only:
Change in receivables from program accounts .......

¥18 ................... ...................

Status of Guaranteed Loans (in millions of dollars)
2001 actual

Identification code 86–4096–0–3–451

2002 est.

2003 est.

Position with respect to appropriations act limitation
on commitments:
2111 Limitation on guaranteed loans made by private lenders ..............................................................................
1,258
609
275
2121 Limitation available from carry-forward ....................... ................... ................... ...................
2142 Uncommitted loan guarantee limitation .......................
¥1,014 ................... ...................
2143 Uncommitted limitation carried forward ....................... ................... ................... ...................

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COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
2150
2199

Total guaranteed loan commitments ........................
Guaranteed amount of guaranteed loan commitments

244
244

609
609

275
275

2210
2231
2251

1,692
335
¥140

1,887
400
¥200

2,087
400
¥200

2290

Outstanding, end of year ..........................................

1,887

2,087

2,287

493

5 ................... ...................

¥3 ................... ...................
¥17
¥2
¥2

88.90
Memorandum:
2299 Guaranteed amount of guaranteed loans outstanding,
end of year ................................................................

Outlays (gross), detail:
Outlays from mandatory balances ................................

¥20

86.98

88.95
1,887

2,087

2,287

Balance Sheet (in millions of dollars)
2000 actual

2001 actual

ASSETS:
1101 Federal assets: Fund balances with
Treasury ...............................................

1999

Total assets ........................................
LIABILITIES:
2204 Non-Federal liabilities: Liabilities for
loan guarantees ..................................

2999

Total liabilities ....................................

4999

Total liabilities and net position ............

2003 est.

¥2

1 ................... ...................

Identification code 86–4096–0–3–451

2002 est.

89.00
90.00

Status of Direct Loans (in millions of dollars)

Guaranteed loans.—The Community Development Loan
Guarantees program provides a mechanism for the Federal
guarantee of private loans. There is an accompanying liquidating account which shows activity for Federal Financing
Bank (FFB) direct loan activity, obligated prior to July 1,
1986. Also following is a status of privately financed guaranteed loan commitments made prior to 1992.
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.

2001 actual

Identification code 86–4097–0–3–451

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year .............................................
1251 Repayments: Repayments and prepayments .................
1290

2002 est.

2003 est.

11
¥3

8
¥2

6
¥2

Outstanding, end of year ..........................................

Status of Guaranteed Loans (in millions of dollars)
2001 actual

Identification code 86–4097–0–3–451

2002 est.

2003 est.

107
¥26

81
¥29

52
¥6

2290

Outstanding, end of year ..........................................

2299

Memorandum:
Guaranteed amount of guaranteed loans outstanding,
end of year ................................................................

Statement of Operations (in millions of dollars)
2000 actual

2001 actual

0101
0102

Revenue ...................................................
Expense ....................................................

2
–2

1
–1

0105

Net income or loss (–) ............................

..................

2002 est.

2003 est.

Identification code 86–4097–0–3–451

2002 est.

2003 est.

Balance Sheet (in millions of dollars)

COMMUNITY DEVELOPMENT LOAN GUARANTEES LIQUIDATING
ACCOUNT

2000 actual

Identification code 86–4097–0–3–451

Program and Financing (in millions of dollars)
2001 actual

Identification code 86–4097–0–3–451

Budgetary resources available for obligation:
21.40 Unobligated balance carried forward, start of year ...................
22.00 New budget authority (gross) ........................................
19
22.40 Capital transfer to general fund ................................... ...................
22.60 Portion applied to repay debt ........................................
¥3
23.90
24.40

Total budgetary resources available for obligation
Unobligated balance carried forward, end of year .......

New budget authority (gross), detail:
Mandatory:
69.00
Offsetting collections (cash) .....................................
69.10
Change in uncollected customer payments from
Federal sources (unexpired) ..................................
69.90

Spending authority from offsetting collections
(total mandatory) .............................................

2002 est.

2003 est.

16 ...................
2
2
¥16 ...................
¥2
¥2

16 ................... ...................
16 ................... ...................

¥1 ................... ...................

Jkt 189685

Value of assets related to loan
guarantees .................................

Total assets ........................................
LIABILITIES:
2103 Federal liabilities: Debt ...........................
2207 Non-Federal liabilities: Other ..................

..................

11
..................

8
16

7
16

6
16

2999
19

Change in obligated balances:
Obligated balance, start of year ................................... ...................
¥5
¥4
Total outlays (gross) ......................................................
¥5 ................... ...................
Change in uncollected customer payments from Federal sources (unexpired) ............................................
1 ................... ...................
74.40 Obligated balance, end of year .....................................
¥5
¥4
¥3

14:08 Jan 23, 2002

1799
1999

72.40
73.20
74.00

VerDate 11-MAY-2000

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 ....

2001 actual

PO 00000

Frm 00021

Fmt 3616

Total liabilities ....................................

4999

Total liabilities and net position ............

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.

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494

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2003

Credit accounts—Continued
COMMUNITY DEVELOPMENT LOAN GUARANTEES LIQUIDATING
ACCOUNT—Continued

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.

mines is not necessary to achieve the objectives of these programs,
or that otherwise impedes the ability to develop, operate, or administer projects assisted under these programs, and may make provision
for alternative conditions or terms where appropriate: Provided further, That all balances and recaptures, as of October 1, 2002, remaining in the ‘‘Congregate Housing Services’’ account as authorized by
the Housing and Community Development Amendments of 1978, as
amended, shall be transferred to and merged with the amounts for
those purposes under this heading. (Departments of Veterans Affairs
and Housing and Urban Development, and Independent Agencies Appropriations Act, 2002.)
Program and Financing (in millions of dollars)

Obligations by program activity:
Elderly and disabled housing grants ............................

917

1,024

Total new obligations (object class 41.0) ................

917

1,024

21.40
22.00
22.10

Federal Funds
General and special funds:
(INCLUDING

2,760
994

2,896
1,024

SPECIAL POPULATIONS
TRANSFER OF FUNDS)

For assistance for the purchase, construction, acquisition, or development of additional public and subsidized housing units for low
income families not otherwise provided for, $1,024,151,000, to remain
available until September 30, ø2004¿ 2005: Provided, That
ø$783,286,000¿ $773,636,000, plus recaptures or cancelled commitments, shall be 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,
which shall remain available for disbursement until September 30,
2015, and for supportive services associated with the housing, of
which amount ø$50,000,000¿ $44,000,000 plus up to $9,000,000 of
amounts recaptured or commitments cancelled under this heading,
shall be for service coordinators and the continuation of existing
congregate service grants for residents of assisted housing projects,
and of which amount ø$50,000,000¿ $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: Provided further, That of the amount under
this heading, ø$240,865,000¿ $250,515,000 shall be for capital advances, 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, which shall remain
available for disbursement until September 30, 2015, and for supportive services associated with the housing for persons with disabilities as authorized by section 811(b)(1) of such Act, and for tenantbased rental assistance contracts entered into pursuant to section
811 of such Act: Provided further, That no less than ø$1,200,000¿
$500,000, to be divided evenly between the appropriations for the
section 202 and section 811 programs, shall be transferred to the
Working Capital Fund for the development øand maintenance of information technology systems¿ of and modifications to information
technology systems which serve activities under ‘‘Housing Programs’’
or ‘‘Federal Housing Administration,’’: Provided further, That, in addition to amounts made available for renewal of tenant-based rental
assistance contracts pursuant to the second proviso of this paragraph,
the Secretary may designate up to 25 percent of the amounts earmarked under this paragraph for section 811 of such Act for tenantbased assistance, as authorized under that section, including such
authority as may be waived under the next proviso, which assistance
is 5 years in duration: Provided further, That the Secretary may
waive any provision of such section 202 and such section 811 (including the provisions governing the terms and conditions of project rental assistance and tenant-based assistance) that the Secretary deter-

VerDate 11-MAY-2000

14:08 Jan 23, 2002

Jkt 189685

2003 est.

00.01

HOUSING PROGRAMS

FOR

2002 est.

10.00

HOUSING

2001 actual

Identification code 86–0320–0–1–604

PO 00000

Frm 00022

Fmt 3616

23.90
23.95
24.40

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

59 ................... ...................
3,813
¥917
2,896

3,920
¥1,024
2,896

996
1,024
1,024
¥2 ................... ...................

43.00

Appropriation (total discretionary) ........................

994

72.40
73.10
73.20
73.45
74.40

86.93

Outlays (gross), detail:
Outlays from discretionary balances .............................

774

847

885

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

994
774

1,024
847

1,024
885

1,024

3,978
4,062
4,239
917
1,024
1,024
¥774
¥847
¥885
¥59 ................... ...................
4,062
4,239
4,378

This account consolidates activity under the Section 202
Housing for the Elderly Program and the Section 811 Housing
for the Disabled Program. In 2003, $1,024 million is requested
for the Housing for Special Populations account, the same
amount as was appropriated in 2002.
Housing for the Disabled.—$250 million is proposed for
housing for persons with disabilities, including language to
permit up to 25 percent of these funds to be earmarked for
tenant-based assistance which increases the number of persons that can be assisted by maximizing the use of the private
market.
Housing for the Elderly.—A total of $774 million is proposed
for housing for the elderly. Of this amount $30 million is
for the capital grant program to convert existing 202 properties to assisted living under appropriate conditions. These
funds for capital grants are available to existing HUD elderly
subsidized (Section 202) projects that convert some or all
units to Assisted Living.
$44.0 million is provided for a service coordinator program
that will serve both residents of HUD-assisted elderly housing, other eligible elderly residing in the neighborhood in
which such projects are located on an exception basis, and
residents of projects assisted under section 811.

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HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
HOUSING COUNSELING ASSISTANCE

22.10

For contracts, grants and other assistance other than loans, as
authorized under Section 106 of the Housing and Urban Development
Act of 1968, as amended, $35,000,000, to remain available until September 30, 2004: 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.

22.75

Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0156–0–1–604

23.90
23.95
24.49

Resources available from recoveries of prior year obligations .......................................................................
Balance of contract authority withdrawn ......................

430
377
189
¥395 ................... ...................

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year:
Contract authority .....................................................

1,090
¥46

2003 est.

1,421
¥377

1,233
¥189

1,044

672
¥672

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
40.49
Portion applied to liquidate contract authority ........
43.00

2002 est.

495

672
¥672

Appropriation (total discretionary) ........................ ................... ................... ...................

10.00

Total new obligations (object class 41.0) ................ ................... ...................

22.00
23.95

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................
Recoveries of prior year obligations ..............................
Obligated balance, end of year .....................................
Obligated balance, start of year: Contract authority
Obligated balance, end of year: Contract authority

10,775
46
¥672
¥430
9,719
10,705
9,619

9,719
377
¥672
¥377
9,047
9,619
8,947

9,047
189
¥672
¥189
8,375
8,947
8,275

86.93

Obligations by program activity:
00.01 Housing Assistance ........................................................ ................... ...................

72.40
73.10
73.20
73.45
74.40
75.01
75.02

Outlays (gross), detail:
Outlays from discretionary balances .............................

672

89.00
90.00

35
¥35

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation ............................................................. ................... ...................

35
¥9
26

73.10
73.20
74.40

Outlays (gross), detail:
86.90 Outlays from new discretionary authority ..................... ................... ...................

Status of Contract Authority (in millions of dollars)

35
9

89.00
90.00

The Housing Counseling Assistance Program provides comprehensive housing counseling services to eligible homeowners
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.
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 select
groups in comparison to the National homeownership rate.
f

OTHER ASSISTED HOUSING PROGRAMS
RENTAL HOUSING ASSISTANCE
Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0206–0–1–999

2002 est.

2003 est.

Obligations by program activity:
Rent supplement ............................................................
10
Homeownership and rental housing assistance (Sections 235 and 236) ...................................................
36
00.04 IRP Rehab Grants/Loans ................................................ ...................

60
300

60
100

10.00

Total new obligations (object class 41.0) ................

377

189

21.40
21.49

1,025

1,044

Total unobligated balance carried forward, start
of year ...................................................................

1,055

1,044

PO 00000

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00.01
00.02

21.99

VerDate 11-MAY-2000

14:08 Jan 23, 2002

Jkt 189685

30 ................... ...................

2001 actual

Identification code 86–0206–0–1–999

0100
0400
0600
0700

2002 est.

2003 est.

11,730
10,663
9,991
¥672
¥672
¥672
¥395 ................... ...................
10,663
9,991
9,319

OTHER ASSISTED HOUSING
Summary of Administrative Commitments
(in millions of dollars)

Assistance contracts:
2001 actual
Rent supplement .....................................................................
10
Homeownership and rental housing assistance (sections
235 and 236) .....................................................................
36
IRP Rehab Grants ........................................................................ ....................
Administrative commitments, start of year ................................
16
Administrative commitments, end of year ..................................
–16
Total obligations ............................................................

2002 est.

2003 est.

60
300
16
–16

60
100
16
–16

377

189

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 20,000 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.
IRP Rehab Grants.—Title V of the 1998 Appropriations Act
(P.L. 105–65) establishes a program of rehabilitation grants
for owners of eligible projects. An estimated $300 million of
such grants are expected in 2002 and $100 million in 2003.
The table below reflects the consolidated outlay total for:
the Housing Certificate Fund; the Public Housing Capital

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HOUSING PROGRAMS—Continued
Federal Funds—Continued

496

THE BUDGET FOR FISCAL YEAR 2003

General and special funds—Continued
05.00

OTHER ASSISTED HOUSING PROGRAMS—Continued

07.99

RENTAL HOUSING ASSISTANCE—Continued

Appropriations:
Manufactured home inspection and monitoring ...........

Balance, end of year ..................................................... ................... ................... ...................

Fund; and the Other Assisted Housing account, for 2001,
2002 and 2003.

Program and Financing (in millions of dollars)

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 ...............................................................

2002 est.

20,942
16,720
3,550
54
14
591
13

22,099
17,771
3,656
54
14
591
13

Obligations by program activity:
Other program costs ......................................................

6 ................... ...................

10.00

Total new obligations (object class 25.2) ................

6 ................... ...................

21.40
22.00

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority (gross) ........................................

5
1 ...................
2 ................... ...................

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

7
1 ...................
¥6 ................... ...................
1 ................... ...................

New budget authority (gross), detail:
Mandatory:
60.20
Appropriation (special fund) .....................................

2003 est.

22,564
18,339
3,553
54
14
591
13

outlays for contract renewals.
f

AND OPPORTUNITY FOR PEOPLE
GRANTS (HOPE GRANTS)

EVERYWHERE

Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0196–0–1–604

2002 est.

2003 est.

21.40
22.00
22.10

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year ...................
1 ...................
New budget authority (gross) ........................................
¥3 ................... ...................
Resources available from recoveries of prior year obligations .......................................................................
3 ................... ...................

23.90
24.40

Total budgetary resources available for obligation ...................
1 ...................
Unobligated balance carried forward, end of year .......
1 ................... ...................

New budget authority (gross), detail:
Discretionary:
40.36
Unobligated balance rescinded .................................

¥3 ................... ...................

72.40
73.20
73.45
74.40

Change in obligated balances:
Obligated balance, start of year ...................................
Total outlays (gross) ......................................................
Recoveries of prior year obligations ..............................
Obligated balance, end of year .....................................

51
26
1
¥21
¥25
¥1
¥3 ................... ...................
26
1 ...................

86.93

Outlays (gross), detail:
Outlays from discretionary balances .............................

¥3 ................... ...................
21
25
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
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 2003. This schedule reflects the liquidation of prior year balances.
f

MANUFACTURED HOME INSPECTION
(INCLUDING

AND

2 ................... ...................

72.40
73.10
73.20

2 ................... ...................
6 ................... ...................
¥8
¥1 ...................

86.97
86.98

Outlays (gross), detail:
Outlays from new mandatory authority .........................
Outlays from mandatory balances ................................

2 ................... ...................
6
1 ...................

87.00

Total outlays (gross) .................................................

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

Unavailable Collections (in millions of dollars)
2001 actual

2002 est.

2003 est.

Balance, start of year .................................................... ................... ................... ...................
Receipts:
02.00 Manufactured home inspection and monitoring ...........
2 ................... ...................

14:08 Jan 23, 2002

Jkt 189685

1 ...................

2 ................... ...................
8
1 ...................

This account provided spending for HUD and its agents
for development of manufactured housing standards. Consistent with the Manufactured Housing Improvement Act of
2000, spending for 2003 on these activities is proposed in
the discretionary Manufactured Housing Fees Trust Fund account.
f

Public enterprise funds:
RENTAL HOUSING ASSISTANCE FUND
Program and Financing (in millions of dollars)
2001 actual

Identification code 86–4041–0–3–604

2002 est.

2003 est.

09.01

Obligations by program activity:
Refunds of Excess Income .............................................

10.00

Total new obligations (object class 25.2) ................

21.40
22.00

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority (gross) ........................................

1
10

10
16

21
16

23.90
23.95
24.40

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

11
¥1
10

26
¥5
21

37
¥5
32

New budget authority (gross), detail:
Mandatory:
69.00
Offsetting collections (cash) .....................................

72.40
73.10
73.20
74.40

19
1
¥13
7

7
5
¥16
¥5

¥5
5
¥16
¥16

86.97

Outlays (gross), detail:
Outlays from new mandatory authority .........................

01.99

VerDate 11-MAY-2000

MONITORING

TRANSFERS OF FUNDS)

Identification code 86–5271–0–2–376

2003 est.

23.90
23.95
24.40

2001 actual

HOMEOWNERSHIP

2002 est.

00.02

(in millions of dollars)

1 Includes

2001 actual

Identification code 86–5271–0–2–376

SUMMARY OF OUTLAYS 1

¥2 ................... ...................

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HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Offsets:
Against gross budget authority and outlays:
88.40
Offsetting collections (cash) from: Non-Federal
sources ..................................................................

89.00
90.00

86.93
¥10

¥16

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

OF FUNDS)

From the Rental Housing Assistance Fund, all uncommitted balances of excess rental charges as of September 30, ø2001¿ 2002,
and any collections made during fiscal year ø2002¿ 2003 (with the
exception of amounts required to make refunds of excess income remittances as authorized by Public Law 106–569), 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, 2002.)
Program and Financing (in millions of dollars)
2001 actual

Identification code 86–4044–0–3–604

2002 est.

2003 est.

09.00

Obligations by program activity:
Reimbursable program ..................................................

2 ...................

10.00

Total new obligations (object class 41.0) ................

2 ...................

21.40
22.00
22.10

23.90
23.95
24.40

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

New budget authority (gross), detail:
Spending authority from offsetting collections:
Discretionary:
68.00
Offsetting collections (cash) ................................
68.10
Change in uncollected customer payments from
Federal sources (unexpired) .............................
68.90

Spending authority from offsetting collections
(total discretionary) .....................................

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) ............................................
74.40 Obligated balance, end of year .....................................
72.40
73.10
73.20
73.45
74.00

VerDate 11-MAY-2000

14:08 Jan 23, 2002

Jkt 189685

279
15

282
20

300
20

302
320
¥2 ...................
300
320

12 ...................

¥12
¥12
¥12
¥9 ................... ...................
¥6
¥8
¥8

88.90

¥27

88.95

89.00
90.00

92.01

¥20

12 ................... ...................

Net budget authority and outlays:
Budget authority ............................................................ ................... ................... ...................
Outlays ...........................................................................
¥14
¥8
¥20
Memorandum (non-add) entries:
Total investments, start of year: Federal securities:
Par value ................................................................... ................... ................... ...................

Status of Direct Loans (in millions of dollars)
2001 actual

Identification code 86–4044–0–3–604

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year .............................................
1231 Disbursements: Direct loan disbursements ...................
1251 Repayments: Repayments and prepayments .................
1263 Write-offs for default: Direct loans ...............................
Outstanding, end of year ..........................................

2002 est.

703
20
¥4
¥71

2003 est.

648
585
12 ...................
¥4
¥4
¥71
¥71

648

585

510

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.
The budget assumes that the account will continue to serve
as a repository of excess rental charges appropriated from
the Rental Housing Assistance Fund. Since 1996, these resources have not been used for new reservations but they
continue to offset Flexible Subsidy outlays and other discretionary expenditures. In 2001, Congress enacted legislation
which permits excess income balances in the Rental Housing
Assistance Fund or transferred to the Flexible Subsidy Fund
to be used for refunds of prior excess income remittances,
as permitted by law.
Statement of Operations (in millions of dollars)

2 ................... ...................
296
¥14
282

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.00
Federal sources .....................................................
88.20
Interest on Federal securities ...............................
88.40
Non-Federal sources .............................................

1290

FLEXIBLE SUBSIDY FUND
(TRANSFER

Outlays (gross), detail:
Outlays from discretionary balances .............................

497

2000 actual

Identification code 86–4044–0–3–604

2001 actual

2002 est.

2003 est.

2
13
3
14
2 ...................
¥14
¥12 ...................
¥2 ................... ...................
12 ................... ...................
13
3
3

PO 00000

Frm 00025

–15
–31

1
–20

13
..................

Net income or loss (–) ............................

–46

–19

Balance Sheet (in millions of dollars)

¥12 ................... ...................
15

Revenue ...................................................
Expense ....................................................

0105

0101
0102

Fmt 3616

2000 actual

Identification code 86–4044–0–3–604

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E:\BUDGET\HUD.XXX

pfrm11

2001 actual

281

295

278

760
..................

711
65

784
..................

–678

–528

–705

PsN: HUD

2002 est.

2003 est.

498

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2003

72.40
73.20
74.40

16
¥3
13

86.93

Outlays (gross), detail:
Outlays from discretionary balances .............................

89.00
90.00

Public enterprise funds—Continued
FLEXIBLE SUBSIDY FUND—Continued
(TRANSFER

OF FUNDS)—Continued

Balance Sheet (in millions of dollars)—Continued
2000 actual

Identification code 86–4044–0–3–604

1699

Value of assets related to direct
loans ..........................................

1999

Total assets ........................................
LIABILITIES:
2207 Non-Federal liabilities: Other ..................

2001 actual

2002 est.

2003 est.

248

363

543

357

2999

13
5
¥8
¥5
5 ...................

Total liabilities ....................................
NET POSITION:
3100 Appropriated capital ................................
3300 Cumulative results of operations ............

217
143

217
324

217
137

3999

Total net position ................................

360

541

354

4999

Total liabilities and net position ............

363

543

357

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:
FEDERAL HOUSING ADMINISTRATION

MUTUAL MORTGAGE INSURANCE PROGRAM ACCOUNT

HOMEOWNERSHIP ASSISTANCE FUND

(INCLUDING

Program and Financing (in millions of dollars)
2001 actual

Identification code 86–4043–0–3–604

21.40
21.49
21.99

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
Unobligated balance carried forward, start of year:
Contract authority .....................................................
Total unobligated balance carried forward, start
of year ...................................................................

23.90
24.40
24.49

Total budgetary resources available for obligation
Unobligated balance carried forward, end of year .......
Unobligated balance carried forward, end of year:
Contract authority .....................................................

24.99

Total unobligated balance carried forward, end of
year .......................................................................

89.00
90.00

2002 est.

2003 est.

84
23

Status of Contract Authority (in millions of dollars)
2001 actual

Identification code 86–4043–0–3–604

0100
0700

Balance, start of year ....................................................
Balance, end of year .....................................................

2002 est.

61
61

2003 est.

61
61

The Homeownership Assistance Fund was established by
the Housing and Urban-Rural Recovery Act of 1983. It provided for the receipt of recaptures of budget authority, cash,
and interest earnings under the restructured section 235 program. The funds were authorized to be used, to the extent
approved in Appropriation Acts, by the Secretary to provide
additional section 235 assistance payments for mortgagors
who are unable to assume the full payment due under the
mortgage after the termination of the original 10-year assistance payments contract.

TRANSFERS OF FUNDS)

During fiscal year ø2002¿ 2003, 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
$160,000,000,000.
During fiscal year ø2002¿ 2003, obligations to make direct loans
to carry out the purposes of section 204(g) of the National Housing
Act, as amended, shall not exceed ø$250,000,000¿ $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$336,700,000¿ $362,746,000, of which not
to exceed ø$332,678,000¿ $358,593,000 shall be transferred to the
appropriation for ‘‘Salaries and expenses’’; and not to exceed
ø$4,022,000¿ $4,153,000 shall be transferred to the appropriation
for ‘‘Office of Inspector General’’. In addition, for administrative contract expenses, ø$160,000,000¿ $85,720,000, of which no less than
ø$118,400,000¿ $21,360,000 shall be transferred to the Working Capital Fund for the development øand maintenance of¿ of and modifications to information technology systems which serve programs or activities under ‘‘Housing Programs’’ or ‘‘Federal Housing Administration’’: Provided, That to the extent guaranteed loan commitments
exceed $65,500,000,000 on or before April 1, ø2002¿ 2003, 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
$16,000,000. (Departments of Veterans Affairs and Housing and
Urban Development, and Independent Agencies Appropriations Act,
2002; additional authorizing legislation required. )
Unavailable Collections (in millions of dollars)
2001 actual

Identification code 86–0183–0–1–371

2002 est.

2003 est.

01.99

Balance, start of year .................................................... ................... ................... ...................
Receipts:
Subsidy balance transfer ...............................................
4,026
909 ...................
Appropriations:
05.00 FHA mutual mortgage insurance program account ......
¥4,026
¥909 ...................
02.22

07.99

Balance, end of year ..................................................... ................... ................... ...................

Program and Financing (in millions of dollars)

NEHEMIAH HOUSING OPPORTUNITY FUND

2001 actual

Identification code 86–4071–0–3–604

Budgetary resources available for obligation:
21.40 Unobligated balance carried forward, start of year
24.40 Unobligated balance carried forward, end of year .......

VerDate 11-MAY-2000

14:08 Jan 23, 2002

Jkt 189685

2001 actual

Identification code 86–0183–0–1–371

Program and Financing (in millions of dollars)
2002 est.

2003 est.

3
3

PO 00000

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00.07
00.08
00.09
00.12

Obligations by program activity:
Reestimates of loan guarantee negative subsidy .........
Interest on reestimates of loan guarantee subsidy
Administrative expenses, salaries & expenses transfer
Non-overhead administrative expenses for FHA contracts .........................................................................

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PsN: HUD

3,049
977
344
150

2002 est.

2003 est.

808 ...................
101 ...................
353
363
160

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
10.00

Total new obligations ................................................

22.00
23.95
23.98

Budgetary resources available for obligation:
New budget authority (gross) ........................................
Total new obligations ....................................................
Unobligated balance expiring or withdrawn .................

4,520

1,422

449

4,532
1,422
449
¥4,520
¥1,422
¥449
¥12 ................... ...................

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
40.77
Reduction pursuant to P.L. 106–554 (0.22 percent)

507
513
449
¥1 ................... ...................

43.00

506

60.20

Appropriation (total discretionary) ........................
Mandatory:
Appropriation (special fund) .....................................

513

449

4,026

70.00

Total new budget authority (gross) ..........................

4,532

72.40
73.10
73.20
73.40
74.40

86.90
86.93
86.97

Outlays (gross), detail:
Outlays from new discretionary authority .....................
Outlays from discretionary balances .............................
Outlays from new mandatory authority .........................

454
68
4,026

87.00

Total outlays (gross) .................................................

4,548

1,452

443

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

4,532
4,548

1,422
1,452

449
443

909 ...................
1,422

449

128
120
90
4,520
1,422
449
¥4,548
¥1,452
¥443
22 ................... ...................
120
90
96

503
433
40
10
909 ...................

Budget Authority and Outlays Excluding Full Funding for Federal Retiree Costs (in
millions of dollars)
2001 actual

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

4,516
4,532

2002 est.

1,406
1,436

2003 est.

434
428

234003 Standby commitment authority ..................................... ................... ................... ...................
234901 Total subsidy outlays .....................................................
Guaranteed loan upward reestimate subsidy budget authority:
235001 MMI Fund, Section 203(b) .............................................

¥2,246

4,026

909 ...................

235901 Total upward reestimate budget authority ....................
Guaranteed loan upward reestimate subsidy outlays:
236001 MMI Fund, Section 203(b) .............................................

4,026

909 ...................

4,026

909 ...................

4,026

909 ...................

¥676

¥2,675 ...................

237901 Total downward reestimate subsidy budget authority
Guaranteed loan downward reestimate subsidy outlays:
238001 MMI Fund, Section 203(b) .............................................

¥676

¥2,675 ...................

¥676

¥2,675 ...................

238901 Total downward reestimate subsidy outlays .................

¥676

¥2,675 ...................

Administrative expense data:
351001 Budget authority ............................................................
358001 Outlays from balances ...................................................
359001 Outlays from new authority ...........................................

490
68
438

236901 Total upward reestimate subsidy outlays .....................
Guaranteed loan downward reestimate subsidy budget
authority:
237001 MMI Fund, Section 203(b) .............................................

Direct loan levels supportable by subsidy budget authority:
115001 MMI Fund, Direct loans .................................................
115901 Total direct loan levels ..................................................
Direct loan subsidy (in percent):
132001 MMI Fund, Direct loans .................................................

2002 est.

497
40
487

¥2,938

434
10
418

Object Classification (in millions of dollars)
2001 actual

Identification code 86–0183–0–1–371
2001 actual

¥2,791

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).
The Budget proposes an aggregate limitation of $160 billion
on commitments to guarantee loans in 2003.
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.

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
Identification code 86–0183–0–1–371

499

2003 est.

250

250
0.00

54
440
3,049
977

Total new obligations ................................................

4,520

2003 est.

471
384
808 ...................
101 ...................

0.00

41.0
43.0

Other services ................................................................
Other purchases of goods and services from Government accounts ...........................................................
Grants, subsidies, and contributions ............................
Interest and dividends ...................................................

99.9

25.2
25.3

2002 est.

0.00

1,422

449

132901 Weighted average subsidy rate .....................................
0.00
0.00
0.00
Direct loan subsidy budget authority:
133001 Direct loan levels ........................................................... ................... ................... ...................
133901 Total subsidy budget authority ...................................... ................... ................... ...................
Direct loan subsidy outlays:
134001 Direct loan levels ........................................................... ................... ................... ...................

FHA—MUTUAL MORTGAGE INSURANCE DIRECT LOAN FINANCING
ACCOUNT
Program and Financing (in millions of dollars)
2001 actual

Identification code 86–4242–0–3–371

2002 est.

2003 est.

134,841
25,159

147,339
12,661

142,441
17,559

160,000

160,000
¥2.07
0.00

Obligations by program activity:
Direct loans ....................................................................
1
Interest paid to Treasury ............................................... ...................
Claims & other .............................................................. ...................

125
12
11

50
5
5

148

160,000

¥2.15
0.00

00.01
00.02
00.03
10.00

Total new obligations ................................................

¥2.53
0.00

21.40
22.00
22.60

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New financing authority (gross) ....................................
Portion applied to repay debt ........................................

9
1
¥2

232901 Weighted average subsidy rate .....................................
¥2.15
¥2.07
¥2.53
Guaranteed loan subsidy budget authority:
233001 MMI Fund, Section 203(b) .............................................
¥2,246
¥2,791
¥2,938
233003 Standby commitment authority ..................................... ................... ................... ...................

23.90
23.95
24.40

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

8
¥1
8

156
¥148
8

63
¥60
3

New financing authority (gross), detail:
Mandatory:
67.10
Authority to borrow .................................................... ...................

125

215901 Total loan guarantee levels ...........................................
Guaranteed loan subsidy (in percent):
232001 MMI Fund, Section 203(b) .............................................
232003 Standby commitment authority .....................................

233901 Total subsidy budget authority ......................................
Guaranteed loan subsidy outlays:
234001 MMI Fund, Section 203(b) .............................................

VerDate 11-MAY-2000

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¥2,246

¥2,791

¥2,938

¥2,246

¥2,791

¥2,938

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PsN: HUD

8
8
155
55
¥7 ...................

500

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2003
1290

Credit accounts—Continued

Outstanding, end of year ..........................................

FHA—MUTUAL MORTGAGE INSURANCE DIRECT LOAN FINANCING
ACCOUNT—Continued

2001 actual

68.00
68.47

Spending authority from offsetting collections:
Discretionary:
Offsetting collections (cash) ................................
1
Portion applied to repay debt ............................... ...................

80
¥50

2003 est.

ASSETS:
Federal assets: Fund balances with
Treasury ...............................................
1206 Non-Federal assets: Receivables, net .....
Net value of assets related to post–
1991 direct loans receivable:
1401
Direct loans receivable, gross ............
1405
Allowance for subsidy cost (–) ...........

55
¥50

Spending authority from offsetting collections
(total discretionary) .....................................

70.00

Total new financing authority (gross) ......................

155

1499

Net present value of assets related
to direct loans ...........................

1999
4
1
¥1
4
1

4
148
¥146
6
146

6
60
¥60
6
60

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
88.25
Interest on uninvested funds ............................... ...................
Non-Federal sources:
88.40
Repayment of principal ....................................
¥1
88.40
Repayment of interest ...................................... ...................

¥1
¥73
¥6

¥50
¥4

¥1

¥80

Total assets ........................................
LIABILITIES:
Federal liabilities:
2103
Treasury borrowing ..............................
2105
Other liabilites—intragovernmental ...
Non-Federal liabilities:
2201
Accounts payable ................................
2202
Interest payable ..................................

¥1

¥55

88.90

Total, offsetting collections (cash) ..................

2001 actual

2002 est.

2003 est.

13
..................

11
..................

10
..................

7
..................

–1
–1

1
–2

52
..................

43
..................

–2

–1

10
..................

5
4

62
..................

50
..................

1
..................

..................
..................

1101

68.90

Change in obligated balances:
72.40 Obligated balance, start of year ...................................
73.10 Total new obligations ....................................................
73.20 Total financing disbursements (gross) .........................
74.40 Obligated balance, end of year .....................................
87.00 Total financing disbursements (gross) .........................

2000 actual

Identification code 86–4242–0–3–371

2002 est.

Balance Sheet (in millions of dollars)

Program and Financing (in millions of dollars)—Continued
Identification code 86–4242–0–3–371

2999

Total liabilities ....................................

4999

Total liabilities and net position ............

FHA—MUTUAL MORTGAGE INSURANCE GUARANTEED LOAN
FINANCING ACCOUNT
Program and Financing (in millions of dollars)

Net financing authority and financing disbursements:
89.00 Financing authority ........................................................ ...................
90.00 Financing disbursements ............................................... ...................

75 ...................
66
5

As required by the Federal Credit Reform Act of 1990,
this non-budgetary account records all cash flows to and from
the Government resulting from direct loans obligated in 1992
and thereafter (including modifications of direct loans that
resulted from obligations in any year). The amounts in this
account are a means of financing and are not included in
the budget totals.
The $50 million in 2003 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)
2001 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 (¥) ........................
1150

Total direct loan obligations .....................................

Cumulative balance of direct loans outstanding:
Outstanding, start of year .............................................
Disbursements: Direct loan disbursements ...................
Repayments:
1251
Repayments and prepayments ..................................
1252
Proceeds from loan asset sales to the public or
discounted .............................................................
Write-offs for default:
1263
Direct loans ...............................................................
1264
Other adjustments, net .............................................
1210
1231

VerDate 11-MAY-2000

14:08 Jan 23, 2002

Jkt 189685

250
¥249
1

2002 est.

2003 est.

250
50
¥125 ...................
125

00.08
00.11
00.91

Obligations by program activity:
Interest payments to Treasury .......................................
Default claims and other ..............................................

1
125

52
50

...................

¥73

2002 est.

2003 est.

424
4,825

556
4,395

607
3,964

5,249

4,951

4,571

2,246

2,791

2,938

08.04

Subtotal, capital/operating expenses ........................
Negative Subsidy Activity:
Payment of negative subsidy to liquidating account
for new business ..................................................
Reestimate of loan guarantee subsidy (downward
reestimates) ..........................................................
Interest on reestimates of loan guarantee subsidy

08.91

Subtotal, subsidy activity ..........................................

2,922

5,466

2,938

10.00

Total new obligations ................................................

8,171

10,417

7,509

2,659
11,242

2,717
9,018

1,118
7,847

08.01
08.02

636
40

2,194 ...................
481 ...................

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 ........................................

7 ................... ...................
¥3,020
¥200
¥500

23.90
23.95
24.40

10,888
¥8,171
2,717

11,535
¥10,417
1,118

8,465
¥7,509
957

500

1,500

1,000

10,711

7,518

6,847

21.40
22.00
22.10

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

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) ..................................
68.90

...................
1

2001 actual

Identification code 86–4587–0–3–371

31 ................... ...................

Spending authority from offsetting collections
(total discretionary) ..........................................

10,742

7,518

6,847

70.00

Total new financing authority (gross) ......................

11,242

9,018

7,847

72.40
73.10
73.20
73.45
74.00

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total financing disbursements (gross) .........................
Recoveries of prior year obligations ..............................
Change in uncollected customer payments from Federal sources (unexpired) ............................................

¥50

................... ................... ...................
...................
¥1
¥9
................... ................... ...................

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312
6
6
8,171
10,417
7,509
¥8,439
¥10,417
¥7,509
¥7 ................... ...................
¥31 ................... ...................

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
74.40
87.00

Obligated balance, end of year .....................................
Total financing disbursements (gross) .........................

6
8,439

6
10,417

6
7,509

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
88.00
Transfer of Reestimates from reserves in Liquidating account .................................................
¥4,026
¥909 ...................
88.25
Interest on uninvested funds ...............................
¥306
¥133
¥48
Non-Federal sources:
88.40
Fees and premiums ..........................................
¥2,975
¥3,118
¥3,639
88.40
Recoveries on defaults .....................................
¥3,404
¥3,358
¥3,160
88.40
Gross proceeds from asset sales ..................... ................... ................... ...................
88.90
88.95

Total, offsetting collections (cash) ..................
Against gross financing authority only:
Change in receivables from program accounts .......

¥10,711

¥7,518

¥6,847

¥31 ................... ...................

501

1502
1504
1505

Interest receivable ..............................
Foreclosed property .............................
Allowance for subsidy cost .................

3
2,052
–929

4
1,858
–861

..................
2,052
–861

1599

Net value of assets related to defaulted guaranteed loan ............
Other Federal assets: Other assets ........

1,218
..................

1,005
118

1,191
132

1,191
148

8,017

4,136

7,318

7,173

2,853
6,182
203

41
3,662
..................

41
4,962
..................

41
5,462
..................

–257
–969
5

–67
462
38

–67
2,212
170

–67
1,551
186

1901
1999

Total assets ........................................
LIABILITIES:
Federal liabilities:
2101
Accounts payable ................................
2103
Federal liabilities, Debt ......................
2105
Other ...................................................
Non-Federal liabilities:
2201
Accounts payable ................................
2204
Liabilities for loan guarantees ...........
2207
Other ...................................................
2999

Net financing authority and financing disbursements:
89.00 Financing authority ........................................................
90.00 Financing disbursements ...............................................

500
¥2,272

1,500
2,899

1,000
662

Total liabilities ....................................

8,017

4,136

7,318

7,173

4999

Total liabilities and net position ............

8,017

4,136

7,318

7,173

Status of Guaranteed Loans (in millions of dollars)
2001 actual

Identification code 86–4587–0–3–371

Total 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

2002 est.

2003 est.

FHA—MUTUAL MORTGAGE AND COOPERATIVE HOUSING INSURANCE
FUNDS LIQUIDATING ACCOUNT
Program and Financing (in millions of dollars)

160,000
¥12,661

160,000
¥17,559

134,841

147,339

142,441

401,960
107,449
¥85,530

419,313
133,557
¥96,824

452,487
121,674
¥57,789

¥1

¥377

¥4,515

¥3,138

¥2,828

¥50

¥44

¥44
08.08

Total capital investment .......................................
Upward Re-estimates of Subsidy Activity:
Reestimate of loan guarantee subsidy- upward reestimates from MMI reserves ...............................
Interest on reestimates of loan guarantee subsidy

3,049
977

807 ...................
102 ...................

08.91

Direct Program by Activities—Subtotal (1 level)

4,026

909 ...................

10.00

Total new obligations ................................................

4,581

1,178

179

21.40
22.00
22.10

17,744
4,577

17,749
7,213

23,784
4,817

08.07

452,487

512,829

Memorandum:
2299 Guaranteed amount of guaranteed loans outstanding,
end of year ................................................................

419,313

452,487

512,829

Addendum:
Cumulative balance of defaulted guaranteed loans
that result in loans receivable:
2310
Outstanding, start of year ........................................
102
4 ...................
2331
Disbursements for guaranteed loan claims .............
1
377
671
2351
Repayments of loans receivable ............................... ................... ................... ...................
2364
Other adjustments, net .............................................
¥99
¥381
¥671
4 ................... ...................

As required by the Federal Credit Reform Act of 1990,
this non-budgetary account records all cash flows to and from
the Government resulting from loans insured in 1992 and
thereafter. The amounts in this account are considered a
means of financing and are not included in the budget totals.

ASSETS:
Federal assets:
1101
Fund balances with Treasury .............
Investments in US securities:
1106
Receivables, net .............................
1206 Non-Federal assets: Receivables, net .....
Net value of assets related to post–
1991 acquired defaulted guaranteed loans receivable:
1501
Defaulted guaranteed loans receivable, gross ......................................

2000 actual1

2001 actual

2,971

2,723

5,995

5,834

3,802
26

118
172

..................
..................

23.90
23.95
24.40

New budget authority (gross), detail:
Discretionary:
68.00
Spending authority from offsetting collections: Offsetting collections (cash) .....................................
Mandatory:
69.00
Offsetting collections (cash) .....................................
69.10
Change in uncollected acounts receivable from
Federal sources .....................................................

2002 est.

..................

2003 est.

14:08 Jan 23, 2002

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258

168

9 ................... ...................
22,330
¥4,581
17,749

24,962
¥1,178
23,784

28,601
¥179
28,422

2,246

2,791

2,938

2,481

4,422

1,879

¥150 ................... ...................
2,331

4,422

1,879

Total new budget authority (gross) ..........................

4,577

7,213

4,817

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) ............................................
74.40 Obligated balance, end of year .....................................
72.40
73.10
73.20
73.45
74.00

..................

544

Spending authority from offsetting collections
(total mandatory) .............................................

70.00

86.97

VerDate 11-MAY-2000

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

69.90

Balance Sheet (in millions of dollars)
Identification code 86–4587–0–3–371

2003 est.

Obligations by program activity:
Operating expenses:
00.03
Other operating costs ................................................
11
11
11
Capital investment:
01.02
Assignment of defaulted mortgages ......................... ...................
28
31
01.03
Acquisition of real properties ....................................
419
186
119
01.05
Other obligations .......................................................
49 ................... ...................
01.07
Capitalized property expenses ...................................
66
33
12
01.08
Loss mitigation activities ..........................................
8
8
3
01.09
Preforeclosure sale claims ........................................
2
3
3
01.91

419,313

Outstanding, end of year ......................................

2002 est.

¥671

Outstanding, end of year ..........................................

2390

2001 actual

Identification code 86–4070–0–3–371

160,000
¥25,159

Outlays (gross), detail:
Outlays from new mandatory authority .........................

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394
540
540
4,581
1,178
179
¥4,576
¥1,178
¥179
¥9 ................... ...................
150 ................... ...................
540
540
540

158

213

502

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2003

Credit accounts—Continued

17,260

17,282

24,282

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.
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).

17,282

24,282

28,782

PROGRAM HIGHLIGHTS

FHA—MUTUAL MORTGAGE AND COOPERATIVE HOUSING INSURANCE
FUNDS LIQUIDATING ACCOUNT—Continued
Program and Financing (in millions of dollars)—Continued
2001 actual

Identification code 86–4070–0–3–371

2002 est.

2003 est.

86.98

Outlays from mandatory balances ................................

4,418

965

119

87.00

Total outlays (gross) .................................................

4,576

1,178

179

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.00
Payment from financing account .........................
¥2,922
¥5,466
¥2,938
88.20
Interest on Federal securities ...............................
¥1,240
¥1,363
¥1,689
Non-Federal sources:
88.40
Fees and premiums ..........................................
¥15
¥35
¥32
88.40
Proceeds from sale of real property ................
¥488
¥332
¥123
88.40
Proceeds from sale of mortgage notes ............ ...................
¥17
¥35
88.40
Interest and operating income .........................
¥53 ................... ...................
88.40
Recoveries of prior year obligations ................
¥9 ................... ...................
88.90
88.95

89.00
90.00

¥4,727

¥7,213

¥4,817

150 ................... ...................

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

(in millions of dollars)

Status of Direct Loans (in millions of dollars)
2001 actual

Identification code 86–4070–0–3–371

1210
1251
1264
1290

2002 est.

Cumulative balance of direct loans outstanding:
Outstanding, start of year .............................................
3
Repayments: Repayments and prepayments ................. ...................
Write-offs for default: Other adjustments, net ............. ...................
Outstanding, end of year ..........................................

2003 est.

3 ...................
¥1 ...................
¥2 ...................

3 ................... ...................

Insurance initiation:
Mortgage insurance commitments (units) ................

2001 actual

2002 est.

2003 est.

1,191,631

1,245,755

1,175,604

Mortgage insurance written (in fiscal year):
Units ..........................................................................
Amount ......................................................................

1,007,472
$107,449

1,198,842
$133,557

1,160,355
$121,674

Insurance maintenance: Outstanding balance of insurance in force, end of year:
Mortgage insurance ...................................................

$459,523

$485,826

$542,896

Status of Guaranteed Loans (in millions of dollars)
2001 actual

Identification code 86–4070–0–3–371

Cumulative balance of guaranteed loans outstanding:
Outstanding, start of year .............................................
47,619
Repayments and prepayments ......................................
¥7,235
Adjustments:
2261
Terminations for default that result in loans receivable ....................................................................... ...................
2262
Terminations for default that result in acquisition
of property .............................................................
¥419
2263
Terminations for default that result in claim payments ....................................................................
¥2
2210
2251

2290

Outstanding, end of year ..........................................

2299

Memorandum:
Guaranteed amount of guaranteed loans outstanding,
end of year ................................................................

39,963

2002 est.

2003 est.

39,963
¥6,398

33,339
¥3,116

¥35

¥34

¥186

¥119

¥5

¥3

0101
0102

33,339

30,067

0105
0108

Statement of Operations (in millions of dollars)

Outstanding, end of year ......................................

14:08 Jan 23, 2002

Jkt 189685

2001 actual2

Revenue ...................................................
Expense ....................................................

1,737
–531

1,265
–244

4,672
–61

4,720
–82

Net income or loss (–) ............................
Other comprehensive income ..................

1,206
1,118

1,021
182

4,611
2,791

4,638
2,938

1 Estimated

39,963

33,339

30,067

4 ................... ...................

The Federal Housing Administration Fund currently consists of four separate insurance funds.

VerDate 11-MAY-2000

2000 actual1

Identification code 86–4070–0–3–371

Addendum:
Cumulative balance of defaulted guaranteed loans
that result in loans receivable:
2310
Outstanding, start of year ........................................
46
4 ...................
2331
Disbursements for guaranteed loan claims ............. ...................
35
34
2351
Repayments of loans receivable ...............................
¥1 ................... ...................
2361
Write-offs of loans receivable ...................................
¥39
¥18 ...................
2364
Other adjustments, net .............................................
¥2
¥21
¥34
2390

Financial condition.—The following tables reflect the revenues, expenses and financial condition of the MMI/CMHI liquidating funds based on Generally Accepted Accounting Principles.

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2002 est.

2003 est.

result on GAAP basis pending final audit.

Balance Sheet (in millions of dollars)
2000 actual1

Identification code 86–4070–0–3–371

ASSETS:
Federal assets:
1101
Fund balances with Treasury .............
Investments in US securities:
Treasury securities, par:
1102
Treasury securities, par .............
1102
Unamortized net premium/discount ......................................
1106
Receivables, net .............................
Non-Federal assets:
1206
Receivables, net ..................................
1207
Advances and prepayments ................

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2001 actual

1,139

1,269

1,165

1,495

17,260

17,282

21,282

25,282

–208
3,311

–177
335

–219
335

–177
335

34
..................

57
..................

PsN: HUD

2002 est.

2003 est.

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

1601
1602
1603
1699
1701
1702
1703
1704
1705
1706
1799
1901

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 (–) ....................
Value of assets related to direct
loans ..........................................
Defaulted guaranteed loans, gross ....
Interest receivable ..............................
Allowance for estimated uncollectible
loans and interest (–) ....................

4
2

3
2

..................
..................

–3

..................

3
34
31

2
12
16

..................
12
16

–45

–25

Defaulted guaranteed loans and
interest receivable, net ..............
Allowance for uncollectables from
foreclosed property .........................
Foreclosed property .............................

..................
275

..................
175

..................
107

..................
66

Value of assets related to loan
guarantees .................................
Other Federal assets: Other assets ........

295
14

178
14

110
14

69
14

21,848

18,960

22,744

27,075

3,802
..................

87
..................

727
462

721
462

576

569

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$216,100,000¿
$233,091,400, of which ø$197,779,000¿ $213,186,400, shall be transferred to the appropriation for ‘‘Salaries and expenses’’; and of which
ø$18,321,000¿ $19,905,000 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$144,000,000¿ $93,780,000, of which no less than
ø$41,000,000¿ $14,240,000 shall be transferred to the Working Capital Fund for the development øand maintenance of information technology systems¿: of and modifications to information technology systems which serve activities under ‘‘Housing Programs’’ or ‘‘Federal
Housing Administration’’ Provided, That to the extent guaranteed
loan commitments exceed $8,426,000,000 on or before April 1, ø2002¿
2003, 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. (Departments of Veterans
Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2002; additional authorizing legislation required.)

87
..................

569

1999

Total assets ........................................
LIABILITIES:
Federal liabilities:
2101
Accounts payable ................................
2105
Other Intragovernmental liabilites ......
Non-Federal liabilities:
2201
Accounts payable ................................
2204
Liabilities for loan guarantees ...........
2207
Unearned revenue and advances, and
other ...............................................
2999

Total liabilities ....................................
NET POSITION:
3300 Cumulative results of operations ............

5,567

1,839

16,281

17,121

20,905

25,236

3999

Total net position ................................

16,281

17,121

20,905

25,236

4999

Total liabilities and net position ............

21,848

18,960

22,744

27,075

Object Classification (in millions of dollars)
2001 actual

Identification code 86–4070–0–3–371

25.2
32.0
33.0
41.0
42.0
43.0

Other services ................................................................
Land and structures ......................................................
Investments and loans ..................................................
Grants, subsidies, and contributions ............................
Insurance claims and indemnities ................................
Interest and dividends ...................................................

60
488
4
3,049
3
977

99.9

Total new obligations ................................................

4,581

2002 est.

2003 est.

11
11
219
131
35
34
808 ...................
3
3
102 ...................
1,178

179

AND

SPECIAL RISK PROGRAM ACCOUNT

(INCLUDING

TRANSFERS OF FUNDS)

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, $15,000,000, to remain available until expended: Provided,
That these funds are available to subsidize total loan principal, any
part of which is to be guaranteed, of up to $21,000,000,000ø: Provided
further, That any amounts made available in any prior appropriations
Act for the cost (as such term is defined in section 502 of the Congressional Budget Act of 1974) of guaranteed loans that are obligations
of the funds established under section 238 or 519 of the National
Housing Act that have not been obligated or that are deobligated
shall be available to the Secretary of Housing and Urban Development in connection with the making of such guarantees and shall
remain available until expended, notwithstanding the expiration of
any period of availability otherwise applicable to such amounts¿.
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

VerDate 11-MAY-2000

14:08 Jan 23, 2002

Jkt 189685

PO 00000

Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0200–0–1–371

2002 est.

2003 est.

00.02
00.07
00.08
00.09
00.10

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 ..................................

99
206
40
221
95

10.00

Total new obligations ................................................

661

1,380

342

21.40
22.00
22.10

39
751

75
1,380

45
342

23.90
23.95
23.98
24.40

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance expiring or withdrawn .................
Unobligated balance carried forward, end of year .......

15
15
688 ...................
307 ...................
226
233
144
94

¥5 ................... ...................
785
¥661
¥49
75

1,455
387
¥1,380
¥342
¥30 ...................
45
45

Frm 00031

Fmt 3616

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
40.15
Appropriation (emergency) ........................................
40.77
Reduction pursuant to P.L. 106–554 (0.22 percent)

466
385
342
40 ................... ...................
¥1 ................... ...................

43.00

GENERAL

503

505

385

60.00

Appropriation (total discretionary) ........................
Mandatory:
Appropriation .............................................................

246

995 ...................

70.00

Total new budget authority (gross) ..........................

751

72.40
73.10
73.20
73.40
73.45
74.40

86.90
86.93
86.97

374
67
246

87.00

Total outlays (gross) .................................................

687

1,401

354

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

751
687

1,380
1,401

342
354

Sfmt 3643

E:\BUDGET\HUD.XXX

pfrm11

PsN: HUD

1,380

342

128
112
91
661
1,380
342
¥687
¥1,401
¥354
5 ................... ...................
5 ................... ...................
112
91
78

345
315
61
40
995 ...................

504

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2003
232021 Title 1 Property Improvement ........................................
232022 Title 1 Manufactured Housing .......................................
232023 Standby authority ...........................................................

Credit accounts—Continued
GENERAL

AND

SPECIAL RISK PROGRAM ACCOUNT—Continued

(INCLUDING

TRANSFERS OF FUNDS)—Continued

Budget Authority and Outlays Excluding Full Funding for Federal Retiree Costs (in
millions of dollars)
2001 actual

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

741
677

2002 est.

1,370
1,391

2003 est.

333
345

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
2001 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 ..........................................

2002 est.

2003 est.

2
2
46

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 .........................................................
1,507
3,000
3,500
215003 221d3 NP/Coop owned apts ..........................................
252
67
200
215004 Tax Credits NC ...............................................................
610
500
500
215005 Mixed Income (Hope d4) ................................................ ...................
9
50
215006 Apartments Refinance ...................................................
646
951
960
215007 241a Supplemental Loans for Apts ...............................
13
18
50
215008 Operating Loss Loans for Apts (plus 232) ....................
8
4
9
215009 HFA Risk Sharing ...........................................................
324
650
650
215012 GSE Risk Sharing ...........................................................
1
100
105
215013 FHA Full Insurance for Health Care Facilities (plus
241/232) ....................................................................
1,317
1,000
1,300
215014 Health Care Refinances .................................................
141
500
500
215015 Hospitals ........................................................................
279
100
500
215016 Other Rental (incl 207(mhp),220,231) .......................... ................... ...................
300
215017 Section 234: Condominiums ..........................................
9,153
8,482
8,482
215018 Section 203(k): Rehabilitation Mortgages .....................
995
1,395
1,395
215019 Section 221(d)(2): Low Income Housing .......................
4 ................... ...................
215021 Title 1 Property Improvement ........................................
120
216
118
215022 Title 1 Manufactured Housing .......................................
47
11
70
215023 Standby authority ...........................................................
5,583
3,997
2,311

¥0.06
0.14
0.00

0.96
¥0.84
0.00

2.02
¥0.47
0.00

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 Section 221(d)(2): Low Income Housing .......................
233021 Title 1 Property Improvement ........................................
233022 Title 1 Manufactured Housing .......................................
233023 Standby authority ...........................................................
233024 Emergency Appropriation ...............................................

¥0.14

¥1.46

¥0.85

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 Section 221(d)(2): Low Income Housing .......................
234021 Title 1 Property Improvement ........................................
234022 Title 1 Manufactured Housing .......................................
234023 Standby authority ...........................................................
234901 Total subsidy outlays .....................................................
Guaranteed loan upward reestimate subsidy budget authority:
235024 General and Special Risk ..............................................

¥27
¥2
¥2
...................
¥57
¥1
...................
...................
...................
...................
40

¥17
¥10
...................
...................
¥181
¥21
...................
...................
2
...................
...................

¥17
¥11
¥10
...................
¥92
¥6
...................
...................
2
...................
...................

¥242

¥158

52
8
¥3
46
17
8
¥6
¥9
¥6
................... ................... ...................
¥6
¥7
¥18
2
4
3
...................
1
2
¥2
¥8
¥9
................... ...................
¥1
¥27
¥2
¥2
...................
¥57
¥1
...................
...................
...................
...................

¥17
¥10
...................
...................
¥181
¥21
...................
2
...................
...................

¥17
¥11
¥10
...................
¥92
¥6
...................
2
...................
...................

¥3

¥221

¥158

246

995 ...................

VerDate 11-MAY-2000

14:08 Jan 23, 2002

Jkt 189685

21,000

21,000
¥0.14
8.89
¥2.50
¥0.14
¥0.97
28.16
19.34
¥1.55
¥0.57

¥0.06
3.93
¥0.65
¥0.33
¥2.17
6.35
18.69
¥1.37
¥1.36

¥2.07
¥1.38
¥1.77
0.00
¥0.69
¥0.11
4.49

¥2.21
¥2.54
¥0.36
0.00
¥1.99
¥1.53
0.00

¥1.19
¥1.97
¥2.76
¥0.07
¥1.08
¥0.46
0.00

PO 00000

Frm 00032

Fmt 3616

995 ...................
995 ...................

246

995 ...................

¥517

¥1,542 ...................

237901 Total downward reestimate subsidy budget authority
Guaranteed loan downward reestimate subsidy outlays:
238024 General and Special Risk ..............................................

¥517

¥1,542 ...................

¥517

¥1,542 ...................

¥517

¥1,542 ...................

Administrative expense data:
351001 Budget authority, S&E Transfer .....................................
351001 Budget authority ............................................................
358001 Outlays from balances ...................................................
359001 Outlays from new authority ...........................................

221
144
52
289

236901 Total upward reestimate subsidy outlays .....................
Guaranteed loan downward reestimate subsidy budget
authority:
237024 General and Special Risk ..............................................

21,000

3.35
17.22
¥1.75
3.35
¥1.11
22.08
22.55
¥1.14
¥1.52

246
246

238901 Total downward reestimate subsidy outlays .................
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 ...............................
232008 Operating Loss Loans for Apts (plus 232) ....................
232009 HFA Risk Sharing ...........................................................
232012 GSE Risk Sharing ...........................................................
232013 FHA Full Insurance for Health Care Facilities (plus
241/232) ....................................................................
232014 Health Care Refinances .................................................
232015 Hospitals ........................................................................
232016 Other Rental (incl 207(mhp),220,231) ..........................
232017 Section 234: Condominiums ..........................................
232018 Section 203(k): Rehabilitation Mortgages .....................
232019 Section 221(d)(2): Low Income Housing .......................

235901 Total upward reestimate budget authority ....................
Guaranteed loan upward reestimate subsidy outlays:
236024 General and Special Risk ..............................................

52
¥4
¥3
43
6
8
¥6
¥9
¥6
................... ................... ...................
¥6
¥7
¥18
2
6
3
2
1
2
¥2
¥8
¥9
................... ...................
¥1

226
144
36
334

233
94
36
304

Multifamily Products.—This account includes budget authority for multifamily 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

Sfmt 3616

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PsN: HUD

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

associated with the loan guarantees committed or direct loans
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.
The Budget includes a reduction in the annual premium
rate of multifamily Section 221(d)(4) loan guarantees from
80 basis points to 57 basis points. This reflects improved
estimates of these loan guarantee subsidy cost.
Object Classification (in millions of dollars)
2001 actual

Identification code 86–0200–0–1–371

25.1
25.2
25.3

2002 est.

2003 est.

505

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
Federal sources:
88.00
Payments from program account .....................
¥99
¥36
¥15
88.00
Repayment of principal and interest from liquidating account ..........................................
¥176
¥16
¥16
88.00
Subsidy reestimate from program account .....
¥246
¥995 ...................
88.25
Interest on uninvested funds ...............................
¥128
¥135
¥135
Non-Federal sources:
88.40
Fees and premiums ..........................................
¥439
¥418
¥496
88.40
Recoveries on defaulted mortgages .................
¥10
¥5
¥10
88.40
Title I recoveries ...............................................
¥25
¥47
¥43
88.40
Single family property recoveries .....................
¥315
¥274
¥330
88.40
Gross Proceeds from sale of mortgage notes
(liquidating) ................................................. ...................
¥113
¥40
88.40
Gross Proceeds from Mortgage Note Sales ......
¥102
¥112
¥142
88.40
Multifamily property recoveries ........................
¥1
¥3
¥4
88.40
Rounding Error Adjustment ..............................
¥1 ................... ...................

62
33

103
41

80
14

41.0

Advisory and assistance services ..................................
Other services ................................................................
Other purchases of goods and services from Government accounts ...........................................................
Grants, subsidies, and contributions ............................

221
345

226
1,010

233
15

88.90

99.9

Total new obligations ................................................

661

1,380

342

88.95

Total, offsetting collections (cash) ..................
Against gross financing authority only:
Change in receivables from program accounts .......

89.00
90.00

Net financing authority and financing disbursements:
Financing authority ........................................................
Financing disbursements ...............................................

¥1,542

¥2,154

¥1,231

¥15 ................... ...................

FHA—GENERAL

AND

SPECIAL RISK GUARANTEED LOAN FINANCING
ACCOUNT

Program and Financing (in millions of dollars)
2001 actual

Identification code 86–4077–0–3–371

400
873

400
275

Status of Guaranteed Loans (in millions of dollars)
2002 est.

2003 est.
2001 actual

Identification code 86–4077–0–3–371

Obligations by program activity:
Capital investment, claims and other:
00.01
Default claims and other ..........................................
782
00.05
Interest paid to Treasury ...........................................
87
00.08
Asset sale negative subsidy payment to the receipt
account ................................................................. ...................
00.10
Value paid to liquidating account for guarantees
refinanced under 223(a)(7) .................................. ...................
00.11
Mark-to-Market Legislative Savings ......................... ...................
00.14
Contract Costs ...........................................................
12

400
¥35

1,095
130

1,140
130

113

3
3
218 ...................
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 ........................

881
103
423
94

1,579
1,333
257
173
1,091 ...................
451 ...................

08.91

Direct Program by Activities—Subtotal (1 level)

620

1,799

173

10.00

Total new obligations ...........................................

1,501

3,378

1,506

21.40
22.00
22.60

1,801
1,957
¥490

1,768
2,554
¥450

494
1,631
¥450

2002 est.

2003 est.

21,000

2150

21,000

69,128
15,238
¥10,232

73,376
17,027
¥13,377

75,998
19,892
¥6,214

¥295

¥418

¥460

¥414

¥602

¥609

¥49

¥8

Total guaranteed loan commitments ........................

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

3,268
¥1,501
1,768

3,872
¥3,378
494

1,675
¥1,506
169

400

1,542

2,154

1,231

15 ................... ...................

Spending authority from offsetting collections
(total discretionary) ..........................................

1,557

2,154

1,231

Total new financing authority (gross) ......................

1,957

2,554

1,631

¥103
1,501
¥1,507

¥124
3,378
¥3,027

227
1,506
¥1,506

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) ............................................
74.40 Obligated balance, end of year .....................................
87.00 Total financing disbursements (gross) .........................
72.40
73.10
73.20
74.00

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¥15 ................... ...................
¥124
227
227
1,507
3,027
1,506

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Outstanding, end of year ..........................................

73,376

75,998

88,599

2299
23.90
23.95
24.40

2290

Memorandum:
Guaranteed amount of guaranteed loans outstanding,
end of year ................................................................

73,376

75,998

88,599

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 ......................................

552
618
650
295
418
460
¥124
¥386
¥435
¥105 ................... ...................
618

650

675

As required by the Federal Credit Reform Act of 1990,
this non-budgetary account records all cash flows to and from
the Government resulting from loan guarantees committed
in 1992 and thereafter (including modifications of loan guarantees that resulted from commitments in any year) for FHA’s
General and Special Risk Insurance Fund programs. The
amounts in this account are a means of financing and are
not included in the budget totals. As required by the Federal
Credit Reform Act of 1990, no administrative expenses can
be recorded in the financing account.

Sfmt 3616

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506

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2003
68.90

Credit accounts—Continued
FHA—GENERAL

AND

SPECIAL RISK GUARANTEED LOAN FINANCING
ACCOUNT—Continued

70.00

in obligated balances:
new obligations .................................................... ...................
financing disbursements (gross) .........................
¥1
financing disbursements (gross) .........................
1

4
¥4
4

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
Non-Federal sources:
88.40
Interest received on loans ................................ ...................
88.40
Repayment of Principal .................................... ...................

¥1
¥3

88.90

¥4

Balance Sheet1 (in millions of dollars)

ASSETS:
Federal assets:
1101
Fund balances with Treasury .............
Investments in US securities:
1106
Receivables, net .............................
1107
Borrowings receivable from liquidating account ...........................
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
1702

1801
1901

Net value of assets related to defaulted guaranteed loan ............
Net value of assets related to pre–1992
direct loans receivable and acquired
defaulted guaranteed loans receivable: Interest receivable .....................
Other Federal assets:
Cash and other monetary assets .......
Other assets ........................................

1999

Total assets ........................................
LIABILITIES:
Federal liabilities:
2101
Accounts payable Intragovernmental
2103
Debt .....................................................
2105
Payable to Special Receipt Account
for Subsidy Reestimate ..................
Non-Federal liabilities:
2201
Accounts payable ................................
2202
Interest payable ..................................
2203
Debt .....................................................
2204
Liabilities for loan guarantees ...........
2207
Other ...................................................

2002 est.

73.10
73.20
87.00

2000 actual

Identification code 86–4077–0–3–371

2001 actual

2003 est.

1,698

1,643

1,663

576

332

..................

202

7
3

..................
16

..................
..................

552
8
226
–289

618
84
187
–362

650
..................
598
–1,061

675
..................
598
–1,061

497

527

187

212

..................

..................
–8

1
–17

..................
..................

2,773

2,520

2,052

2,077

6
966

190
877

..................
738

517

..................

–17
..................
–2
1,297
6

..................
6
–2
1,428
9

..................
..................
..................
1,314
..................

..................
..................
..................
1,339
..................

Total liabilities ....................................

2,773

2,520

2,052

2,077

4999

Total liabilities and net position ............

2,773

2,520

2,052

2,077

AND

89.00
90.00

Total new financing authority (gross) ...................... ...................
Change
Total
Total
Total

Total, offsetting collections (cash) .................. ...................

Net financing authority and financing disbursements:
Financing authority ........................................................ ...................
¥1
¥1
Financing disbursements ............................................... ................... ................... ...................

Status of Direct Loans (in millions of dollars)

SPECIAL RISK DIRECT LOAN FINANCING
ACCOUNT

Program and Financing (in millions of dollars)
2001 actual

Identification code 86–4105–0–3–371

2002 est.

2003 est.

00.01
00.02

Obligations by program activity:
Direct loans .................................................................... ...................
Interest paid to Treasury ............................................... ...................

3
1

10.00

Total new obligations ................................................ ...................

Budgetary resources available for obligation:
21.40 Unobligated balance carried forward, start of year ...................
22.00 New financing authority (gross) .................................... ...................

1 ...................
3
3

Total budgetary resources available for obligation ...................
4
3
Total new obligations .................................................... ...................
¥4
¥4
Unobligated balance carried forward, end of year .......
1 ................... ...................

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 ............................... ...................

VerDate 11-MAY-2000

14:08 Jan 23, 2002

2002 est.

2003 est.

50
¥50

50
¥46

1150

Total direct loan obligations ..................................... ...................

1210
1231
1251

Cumulative balance of direct loans outstanding:
Outstanding, start of year .............................................
1
Disbursements: Direct loan disbursements ...................
1
Repayments: Repayments and prepayments ................. ...................

2
4
¥4

1290

Outstanding, end of year ..........................................

Jkt 189685

PO 00000

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.

3
1

23.90
23.95
24.40

2001 actual

Identification code 86–4105–0–3–371

..................

2999

FHA—GENERAL

Spending authority from offsetting collections
(total discretionary) ..................................... ................... ................... ...................

Balance Sheet (in millions of dollars)
Identification code 86–4105–0–3–371

2000 actual

2001 actual

ASSETS:
Net value of assets related to post–
1991 direct loans receivable:
1401
Direct loans receivable, gross ............

..................

1499

Net present value of assets related
to direct loans ...........................

2003 est.

4
¥4

Frm 00034

Fmt 3616

Total assets ........................................
LIABILITIES:
Federal liabilities:
2103
Treasury borrowing ..............................
2104
Resources payable to Treasury ...........

..................

..................
..................

..................
1

1
1

2999

1999

2002 est.

Total liabilities ....................................

..................

4999

Total liabilities and net position ............

..................

Sfmt 3633

E:\BUDGET\HUD.XXX

pfrm11

PsN: HUD

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
FHA—LOAN GUARANTEE RECOVERY FUND—FINANCING ACCOUNT

FHA—GENERAL

AND

507

SPECIAL RISK INSURANCE FUNDS LIQUIDATING
ACCOUNT

Program and Financing (in millions of dollars)
Unavailable Collections (in millions of dollars)
2001 actual

Identification code 86–4106–0–3–371

2002 est.

2003 est.
2001 actual

Identification code 86–4072–0–3–371

Budgetary resources available for obligation:
21.40 Unobligated balance carried forward, start of year
22.00 New financing authority (gross) ....................................

1
2

3
2

5
2

23.90
24.40

3
3

5
5

7
7

Total budgetary resources available for obligation
Unobligated balance carried forward, end of year .......

2003 est.

Balance, start of year ....................................................

07.99

Balance, end of year .....................................................

Program and Financing (in millions of dollars)
2001 actual

Identification code 86–4072–0–3–371

New financing authority (gross), detail:
Discretionary:
68.00
Spending authority from offsetting collections
(gross): Offsetting collections (cash) ...................

Offsets:
Against gross financing authority and financing disbursements:
88.00
Offsetting collections (cash) from: Federal sources

¥2

Net financing authority and financing disbursements:
89.00 Financing authority ........................................................ ................... ................... ...................
90.00 Financing disbursements ...............................................
¥2
¥2
¥2

Status of Guaranteed Loans (in millions of dollars)
2001 actual

Identification code 86–4106–0–3–371

2002 est.

01.99

2002 est.

2003 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 .......................
4
4 ...................
2143 Uncommitted limitation carried forward .......................
¥2 ................... ...................

Obligations by program activity:
Operating expenses:
00.02
Interest on debentures ..............................................
00.03
Other operating costs ................................................
00.05
Legislative savings repayments ................................
00.06
PAE & 3rd party restructuring fees ..........................
00.91
01.01
01.02
01.03
01.05
01.07
01.08
01.09
01.10
01.11
01.12
01.13
01.14
01.15
01.16

23
53
176
106

2002 est.

22
20
16
82

2003 est.

22
20
16
62

Total operating expenses ......................................
358
140
120
Capital investment: Claims and other:
Acquisition of defaulted Title I notes .......................
¥5
6
5
Assignment of mortgages .........................................
125
265
318
Assignments per 221 G4 ..........................................
205
177
212
Mark-To-Market Restructures ....................................
293
534
700
Loss on defaulted guaranteed loans ........................
1
3
3
Tax advances on held mortgages .............................
38
39
41
Acquisition of real properties ....................................
49
54
42
Capitalized property expenses ...................................
177
154
136
Rehabilitation of real properties ...............................
10
14
11
Upfront Grants ...........................................................
20
93
75
Other ..........................................................................
94
5
5
M&M Contract ...........................................................
2
2
2
Prior Year Contract Adjustments ..............................
10 ................... ...................
Payment to the Financing Account-Asset Sale ......... ...................
113
40

Total guaranteed loan commitments ........................
Guaranteed amount of guaranteed loan commitments

Cumulative balance of guaranteed loans outstanding:
2210 Outstanding, start of year .............................................
2231 Disbursements of new guaranteed loans ......................
2251 Repayments and prepayments ......................................
2290

2
2

4 ...................
4 ...................

4
5
4 ...................
¥3
¥3

Memorandum:
2299 Guaranteed amount of guaranteed loans outstanding,
end of year ................................................................

ASSETS:
Investments in US securities:
1102
Federal assets: Treasury securities,
par ..................................................

1,459

1,590

Total new obligations ................................................

1,377

1,599

1,710

1,245
3,460

1,986 ...................
1,729
1,835

2001 actual

2002 est.

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 ........................................

27 ................... ...................
¥1,245
¥1,986 ...................
¥123
¥130
¥125
3,364
1,599
1,710
¥1,377
¥1,599
¥1,710
1,986 ................... ...................

21.40
22.00
22.10

2
Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

2
New budget authority (gross), detail:
Mandatory:
60.00
Appropriation .............................................................
67.10
Authority to borrow ....................................................
69.00 Offsetting collections (cash) .........................................
69.10 Change in uncollected customer payments from Federal sources (unexpired) ............................................

Balance Sheet (in millions of dollars)
2000 actual

1,019

23.90
23.95
24.40

3
2
¥1

Outstanding, end of year ..........................................

Identification code 86–4106–0–3–371

Total capital investment .......................................

10.00
2150
2199

01.91

2003 est.

¥39 ................... ...................
986

720

812

Total new budget authority (gross) ..........................

3,460

1,729

1,835

2999

Total liabilities ....................................

4999

Total liabilities and net position ............

72.40
73.10
73.20
73.45
74.00

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.

14:08 Jan 23, 2002

898
125
812

Spending authority from offsetting collections (total
mandatory) ............................................................

Total assets ........................................
LIABILITIES:
2204 Non-Federal liabilities: Liabilities for
loan guarantees ..................................

VerDate 11-MAY-2000

879
130
720

69.90
1

70.00

1999

2,346
128
1,025

Jkt 189685

PO 00000

Frm 00035

Fmt 3616

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) ............................................
74.40 Obligated balance, end of year .....................................

511
802
402
1,377
1,599
1,710
¥1,098
¥1,999
¥1,770
¥27 ................... ...................
39 ................... ...................
802
402
342

86.97
86.98

Outlays (gross), detail:
Outlays from new mandatory authority .........................
Outlays from mandatory balances ................................

1,059
39

1,598
400

1,368
402

87.00

Total outlays (gross) .................................................

1,098

1,999

1,770

Sfmt 3643

E:\BUDGET\HUD.XXX

pfrm11

PsN: HUD

508

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2003

Credit accounts—Continued
FHA—GENERAL

AND

SPECIAL RISK INSURANCE FUNDS LIQUIDATING
ACCOUNT—Continued

Program and Financing (in millions of dollars)—Continued
2001 actual

Identification code 86–4072–0–3–371

2002 est.

2003 est.

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.00
Federal sources .....................................................
¥37 ................... ...................
Non-Federal sources:
88.40
Fees and premiums ..........................................
¥104
¥122
¥110
88.40
Rebates of insurance premiums ...................... ...................
2
2
88.40
Multifamily foreclosure sales ...........................
¥22
¥89
¥88
88.40
Proceeds from sale of real property ................
¥67
¥60
¥46
88.40
Proceeds from sale of mortgage notes ............
¥393
¥163
¥208
88.40
MTM second mortgage repayments .................
¥1
¥23
¥64
88.40
Recoveries on defaulted mortgages .................
¥160
¥118
¥156
88.40
Interest .............................................................
¥81
¥79
¥74
88.40
Other interest, dividends and revenue ............
¥15
¥15
¥15
88.40
Modification subsidy & transfers from financing acct. ....................................................... ...................
¥3
¥3
88.40
Other collections ...............................................
¥122
¥50
¥50
88.40
Prior Year Recoveries .......................................
¥23 ................... ...................
88.90
88.95

89.00
90.00

Total, offsetting collections (cash) ..................
Against gross budget authority only:
Change in uncollected customer payments from
Federal sources (unexpired) ..................................
Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

¥1,025

¥720

¥812

39 ................... ...................

2,474
73

1,009
1,279

1,023
958

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.
Section 571 of the Departments of Veterans Affairs and
Housing and Urban Development, and Independent Agencies
Appropriations Act, 1998 established the Office of Multifamily
Housing Assistance Restructuring within HUD to administer
the program of mortgage and rental assistance restructuring.
Included in the budget estimates for this account are projections for the financial operations of the office.
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.
Financial Condition.—The following tables reflect the revenues, expenses, and financial condition of the GI/SRI Liquidating Account based on Generally Accepted Accounting Principles.

92.01

Statement of Operations (in millions of dollars)
Status of Direct Loans (in millions of dollars)
2001 actual

Identification code 86–4072–0–3–371

2000 actual1

Identification code 86–4072–0–3–371
2002 est.

2003 est.

1210
1251

Cumulative balance of direct loans outstanding:
Outstanding, start of year .............................................
Repayments: Repayments and prepayments .................

44
¥6

38
¥5

33
¥10

1290

Outstanding, end of year ..........................................

2001 actual2

2002 est.

2003 est.

0101
0102

Revenue ...................................................
Expense ....................................................

230
–544

430
–503

..................
..................

0105
0108

Net income or loss (–) ............................
Other comprehensive income ..................

–314
–277

–73
–598

..................
..................

2002 est.

2003 est.

1 Preliminary

results pending final audit.

Balance Sheet (in millions of dollars)
Status of Guaranteed Loans (in millions of dollars)
2000 actual1

Identification code 86–4072–0–3–371
2001 actual

Identification code 86–4072–0–3–371

Cumulative balance of guaranteed loans outstanding:
2210 Outstanding, start of year .............................................
2251 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 ....................................................................

29,761
¥3,723

2002 est.

25,370
¥910

2003 est.

23,381
¥842

¥618

¥981

¥1,235

¥49

¥54

¥42

¥1

¥44

¥55

2290

Outstanding, end of year ..........................................

25,370

23,381

21,207

2299

Memorandum:
Guaranteed amount of guaranteed loans outstanding,
end of year ................................................................

25,370

23,381

21,207

Outstanding, end of year ......................................

VerDate 11-MAY-2000

14:08 Jan 23, 2002

Jkt 189685

ASSETS:
Federal assets:
Fund balances with Treasury .............
Investments in US securities:
1102
Treasury securities, par ..................
1106
Receivables, net .............................
1107
Advances and prepayments ...........
Non-Federal assets:
1201
Investments in non-Federal securities,
net ..................................................
1206
Receivables, net ..................................
1207
Advances and prepayments ................
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

1699
1,960
1,999
2,446
618
981
1,235
¥590
¥439
¥510
¥372
¥95
¥388
383 ................... ...................
1,999

PO 00000

2,446

Frm 00036

2,783

Fmt 3616

1701
1702
1703
1704

Sfmt 3633

2001 actual

1,749

2,782

..................

8
47
20

7
9
20

..................
3
..................

–6
113
..................

..................
124
..................

..................
86
..................

44
1

39
–1

33
..................

23
..................

–22

–21

–47

Value of assets related to direct
loans ..........................................
Defaulted guaranteed loans, gross ....
Interest receivable ..............................
Allowance for estimated uncollectible
loans and interest (–) ....................

23
1,981
216

17
2,006
130

–14
1,707
..................

–24
1,707
..................

–1,605

–1,126

–1,208

Defaulted guaranteed loans and
interest receivable, net ..............

592

1,010

499

E:\BUDGET\HUD.XXX

pfrm11

PsN: HUD

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
1705
1706
1799

1801
1901

Allowance for uncollectables from
foreclosed property .........................
Foreclosed property .............................
Value of assets related to loan
guarantees .................................
Other Federal assets:
Funds held by the Public ...................
Other assets ........................................

1999

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 ...........
2206
Pension and other actuarial liabilities
2207
Unearned revenue and advances .......

763
–668

..................
84

–150
244

687

1,094

593

109
18

..................
..................

2,724

4,180

668

658

204
20

52
127

363
..................

354
12
220
6,732
..................
390

444
–4
223
6,732
..................
384

443
..................
..................
..................
5,960
124

73.10
73.20
73.45
74.40

Total new obligations ....................................................
Total outlays (gross) ......................................................
Recoveries of prior year obligations ..............................
Obligated balance, end of year .....................................

304
¥323
¥7
152

86.97
86.98

Outlays (gross), detail:
Outlays from new mandatory authority .........................
Outlays from mandatory balances ................................

304
19

265
222
2 ...................

87.00

Total outlays (gross) .................................................

323

267

222

Offsets:
Against gross budget authority and outlays:
88.40
Offsetting collections (cash) from: Non-Federal
sources ..................................................................

¥785

¥751

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

¥463
¥462

¥325
¥484

¥455
¥529

593

74
9

509

89.00
90.00

235
¥267
¥5
115

203
¥222
¥10
85

Status of Direct Loans (in millions of dollars)
2999

Total liabilities ....................................
NET POSITION:
3100 Appropriated capital ................................
3300 Cumulative results of operations ............

7,932

7,958

6,890

921
–6,129

1,826
–5,604

8,532
–14,754

8,532
–14,764

3999

Total net position ................................

–5,208

–3,778

–6,222

–6,232

4999

Total liabilities and net position ............

2,724

4,180

668

658

1 Preliminary

Object Classification (in millions of dollars)
2002 est.

Other services ................................................................
Land and structures ......................................................
Investments and loans ..................................................
Insurance claims and indemnities ................................
Interest and dividends ...................................................
Repayments to financing account .................................

282
256
618
39
6
176

109
315
982
42
22
129

89
264
1,234
44
22
57

99.9

Total new obligations ................................................

1,377

1,599

1,710

FOR THE

ELDERLY

OR HANDICAPPED FUND LIQUIDATING
ACCOUNT

Program and Financing (in millions of dollars)
2001 actual

Identification code 86–4115–0–3–371

2002 est.

2003 est.

Obligations by program activity:
Capital investment:
00.02
Maintenance security and collateral .........................
01.01 Operating expenses: Interest on borrowings .................

5
299

5
230

5
198

10.00

304

235

203

116
322

26 ...................
426
296

Total new obligations ................................................

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 ...................................

7
¥116

23.90
23.95
24.40

329
235
203
¥304
¥235
¥203
26 ................... ...................

21.40
22.00
22.10

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

New budget authority (gross), detail:
Mandatory:
60.00
Appropriation (Indefinite) ..........................................
69.00 Offsetting collections (cash) .........................................
69.47 Portion applied to repay debt ........................................
69.90
70.00

5
¥222

10
¥103

87 ................... ...................
785
751
751
¥550
¥325
¥455

235

426

296

Total new budget authority (gross) ..........................

322

426

296

VerDate 11-MAY-2000

14:08 Jan 23, 2002

Jkt 189685

7,805

7,623

7,403

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.
Statement of Operations (in millions of dollars)

178

152

115

PO 00000

Frm 00037

Fmt 3616

2000 actual

2001 actual

0101
0102

Spending authority from offsetting collections (total
mandatory) ............................................................

Change in obligated balances:
72.40 Obligated balance, start of year ...................................

Outstanding, end of year ..........................................

2003 est.

25.2
32.0
33.0
42.0
43.0
44.0

HOUSING

2003 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.

2001 actual

Identification code 86–4072–0–3–371

2002 est.

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year .............................................
7,923
7,805
7,623
1231 Disbursements: Direct loan disbursements ...................
4
5
1
1251 Repayments: Repayments and prepayments .................
¥122
¥187
¥221
1264 Write-offs for default: Other adjustments, net ............. ................... ................... ...................
1290

pending final audit.

2001 actual

Identification code 86–4115–0–3–371

Revenue ...................................................
Expense ....................................................

674
–345

659
–294

563
–235

530
–203

0105

Net income or loss (–) ............................

329

365

328

327

Identification code 86–4115–0–3–371

2002 est.

2003 est.

Balance Sheet (in millions of dollars)
2000 actual

Identification code 86–4115–0–3–371

ASSETS:
Federal assets: Fund balances with
Treasury ...............................................
1207 Non-Federal assets: Advances and prepayments .............................................

2001 actual

2002 est.

2003 est.

294

178

115

..................

1101

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HOUSING PROGRAMS—Continued
Federal Funds—Continued

510

THE BUDGET FOR FISCAL YEAR 2003
1699

HOUSING

FOR THE

ELDERLY OR HANDICAPPED FUND LIQUIDATING
ACCOUNT—Continued

Value of assets related to direct
loans ..........................................

..................

1999

Credit accounts—Continued

Total assets ........................................

..................

Balance Sheet (in millions of dollars)—Continued
2000 actual

Identification code 86–4115–0–3–371

1601
1602
1603
1604
1606
1699

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 (–) ....................
Direct loans and interest receivable, net .....................................
Acquired Real Property .......................
Value of assets related to direct
loans ..........................................

2001 actual

2002 est.

2003 est.

MANUFACTURED HOUSING FEES TRUST FUND

7,923
83

7,804
98

7,623
98

7,403
98

–23

–20

–22

–21

7,983
8

7,882
9

7,699
8

7,480
8

7,991

7,891

7,707

7,488

Total assets ........................................
LIABILITIES:
Federal liabilities:
2102
Interest payable ..................................
2103
Debt .....................................................
2104
Resources payable to Treasury ...........
2207 Non-Federal liabilities: Other ..................

8,285

8,069

7,822

7,573

171
3,653
4,451
10

150
3,103
4,407
22

115
2,778
4,710
22

100
2,323
5,036
22

2999

1999

Total liabilities ....................................
NET POSITION:
3100 Unexpended Appropriations .....................
3300 Revolving Fund: Cumulative results of
operations ...........................................

8,285

7,682

7,625

7,481

..................

365

185

3999

Total net position ................................

..................

387

197

4999

Total liabilities and net position ............

8,285

8,069

7,822

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.), ø$13,566,000¿ $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 ø2002¿ 2003 so as to result in a final fiscal year ø2002¿ 2003
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 ø2002¿ 2003 appropriation.
(Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2002.)
Unavailable Collections (in millions of dollars)
2001 actual

Identification code 86–8119–0–7–376

2002 est.

2003 est.

7,573

01.99

Total appropriations ..................................................

¥6

¥14

¥13

Balance, end of year ..................................................... ................... ................... ...................

Object Classification (in millions of dollars)
Program and Financing (in millions of dollars)
2001 actual

Identification code 86–4115–0–3–371

2002 est.

2003 est.

32.0
43.0

Land and structures ......................................................
Interest and dividends ...................................................

5
299

5
230

5
198

99.9

Total new obligations ................................................

304

235

203

Obligations by program activity:
Transfer to salaries and expenses ................................
Other program costs ......................................................

1
4

1
13

1
12

Total new obligations (object class 25.2) ................

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year ...................
New budget authority (gross) ........................................
6

1
14

1
13

15
¥14
1

14
¥13
1

21.40
22.00

Status of Direct Loans (in millions of dollars)
2001 actual

2002 est.

2003 est.

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year .............................................

1290

Outstanding, end of year ..........................................

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 direct loans obligated
prior to 1992. This account is shown on a cash basis.
The Nonprofit Sponsor Assistance fund provided interestfree loans to nonprofit organizations to plan housing projects
to be financed under the section 202 housing for the elderly
or disabled program.

23.90
23.95
24.40

ASSETS:
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 (–) ....................

VerDate 11-MAY-2000

14:08 Jan 23, 2002

2001 actual

2002 est.

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

6
¥5
1

New budget authority (gross), detail:
Discretionary:
40.26
Appropriation (trust fund) ......................................... ...................
14
13
Mandatory:
60.26
Appropriation (trust fund) .........................................
6 ................... ...................
70.00

72.40
73.10
73.20
74.40

Change in obligated balances:
Obligated balance, start of year ................................... ...................
Total new obligations ....................................................
5
Total outlays (gross) ......................................................
¥2
Obligated balance, end of year .....................................
3

3
14
¥14
3

3
13
¥13
3

86.90
86.93
86.97
86.98

Outlays (gross), detail:
Outlays from new discretionary authority ..................... ...................
11
10
Outlays from discretionary balances ............................. ...................
3
3
Outlays from new mandatory authority .........................
2 ................... ...................
Outlays from mandatory balances ................................
2 ................... ...................

Balance Sheet (in millions of dollars)
2000 actual

2003 est.

00.01
00.02

NONPROFIT SPONSOR ASSISTANCE LIQUIDATING ACCOUNT

Identification code 86–4042–0–3–604

2002 est.

10.00

Identification code 86–4042–0–3–604

2001 actual

Identification code 86–8119–0–7–376

2003 est.

Total new budget authority (gross) ..........................

87.00
..................

..................

–1

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Total outlays (gross) .................................................

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

6
2

14
14

13
13

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GOVERNMENT NATIONAL MORTGAGE ASSOCIATION
Federal Funds

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

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 2001, an estimated 338,565 transportable sections were produced, for a total of 191,249 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.
The estimated annual program activity level will continue
at 1,020 filings, approximately the same estimated level as
in recent years with a cost of $350,000.

511

Operating results.—Fee collections, interest, and other income are expected to exceed expenses by $834 million in
2002 and $808 million in 2003.
f

Credit accounts:
GUARANTEES

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, ø2003¿ 2004.
For administrative expenses necessary to carry out the guaranteed
mortgage-backed securities program, ø$9,383,000¿ $10,761,000, to be
derived from the GNMA guarantees of mortgage-backed securities
guaranteed loan receipt account, of which not to exceed ø$9,383,000¿
$10,761,000, shall be transferred to the appropriation for ‘‘Salaries
and expenses’’. (Departments of Veterans Affairs and Housing and
Urban Development, and Independent Agencies Appropriations Act,
2002.)
Unavailable Collections (in millions of dollars)
2001 actual

Identification code 86–0186–0–1–371

01.99

2002 est.

2003 est.

Balance, start of year ....................................................
Receipts:
02.20 Negative subsidies .........................................................

1,004

1,351

1,740

356

398

04.00

Total: Balances and collections ....................................
Appropriations:
05.00 Guarantees of mortgage-backed securities loan guarantee program account .............................................

1,360

1,749

2,138

¥9

¥10

07.99

1,351

1,740

2,128

Balance, end of year .....................................................

Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0186–0–1–371

2002 est.

2003 est.

00.01

Obligations by program activity:
Administrative expenses, salaries and expenses ..........

10.00

Total new obligations (object class 25.3) ................

22.00
23.95

Budgetary resources available for obligation:
New budget authority (gross) ........................................
Total new obligations ....................................................

9
¥9

10
¥10

New budget authority (gross), detail:
Discretionary:
40.20
Appropriation (special fund) .....................................

73.10
73.20

Change in obligated balances:
Total new obligations ....................................................
Total outlays (gross) ......................................................

9
¥9

10
¥10

86.90

Outlays (gross), detail:
Outlays from new discretionary authority .....................

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

9
9

10
10

GOVERNMENT NATIONAL MORTGAGE
ASSOCIATION
Federal Funds

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
FHA and VA loans are currently pooled into Ginnie Mae
securities
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.

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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

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
2001 actual

Identification code 86–0186–0–1–371

Guaranteed loan levels supportable by subsidy budget
authority:
215001 Ginnie Mae mortgage-backed securities .......................
215002 Standby commitment authority .....................................

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153,798
46,202

2002 est.

120,000
80,000

2003 est.

120,000
80,000

512

GOVERNMENT NATIONAL MORTGAGE ASSOCIATION—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2003
88.40

Credit accounts—Continued
GUARANTEES

MORTGAGE-BACKED SECURITIES LOAN GUARANTEE
PROGRAM ACCOUNT—Continued

(INCLUDING

TRANSFER OF FUNDS)—Continued

2001 actual

215901 Total loan guarantee levels ...........................................
Guaranteed loan subsidy (in percent):
232001 Loan guarantee levels ...................................................
232002 Standby commitment authority .....................................

2002 est.

¥20

¥31

¥49

88.90

Total, offsetting collections (cash) ..................

¥516

¥545

¥548

89.00
90.00

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)—Continued
Identification code 86–0186–0–1–371

Repayment of advances ...................................

Status of Guaranteed Loans (in millions of dollars)

2003 est.

200,000

¥0.36
¥0.36

¥0.33
¥0.33

232901 Weighted average subsidy rate .....................................
¥0.36
¥0.33
¥0.33
Guaranteed loan subsidy budget authority:
233001 Loan guarantee levels ...................................................
¥356
¥398
¥398
233002 Standby commitment authority ..................................... ................... ................... ...................

2001 actual

Identification code 86–4240–0–3–371

2002 est.

2003 est.

Position with respect to appropriations act limitation
on commitments:
2111 Limitation on guaranteed loans made by private lenders ..............................................................................
200,000
200,000
200,000
2121 Limitation available from carry-forward ....................... ...................
38,343 ...................
2143 Uncommitted limitation carried forward .......................
¥38,343 ................... ...................

234901 Total subsidy outlays .....................................................
Administrative expense data:
351001 Budget authority ............................................................
359001 Outlays from new authority ...........................................

¥356

¥398

9
9

¥398

9
9

10
10

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

GUARANTEES

161,657
161,657

238,343
238,343

200,000
200,000

2210
2231
2251

602,741
153,798
¥152,230

604,309
120,000
¥96,689

627,619
120,000
¥72,168

Outstanding, end of year ..........................................

604,309

627,619

675,451

2299

Memorandum:
Guaranteed amount of guaranteed loans outstanding,
end of year ................................................................

604,309

627,619

675,451

Operating Results.—Fee collections, interest, and other income are expected to exceed expenses by $76 million in 2001;
$37 million in 2002 and $95 million in 2003. These amounts
will be retained against losses that may be incurred on guarantees.

MORTGAGE-BACKED SECURITIES FINANCING
ACCOUNT

Balance Sheet (in millions of dollars)

Program and Financing (in millions of dollars)
2001 actual

Identification code 86–4240–0–3–371

Obligations by program activity:
00.01 Operating expenses ........................................................
00.02 Capital investment ........................................................

2002 est.

2003 est.

43
95

3
63

08.01

Subtotal, Operating expenses and capital investment ......................................................................
Payment to receipt account for negative subsidy ........

92
356

138
398

66
398

10.00

Total new obligations ................................................

448

536

464

ASSETS:
1101 Federal assets: Fund balances with
Treasury ...............................................
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 ..............................
1699
1803

21.40
22.00

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New financing authority (gross) ....................................

598
516

666
545

675
548

23.90
23.95
24.40

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

1,114
¥448
666

1,211
¥536
675

1,223
¥464
759

New financing authority (gross), detail:
Discretionary:
68.00
Spending authority from offsetting collections
(gross): Offsetting collections (cash) ...................
Change in obligated balances:
72.40 Obligated balance, start of year ...................................
73.10 Total new obligations ....................................................
73.20 Total financing disbursements (gross) .........................
74.40 Obligated balance, end of year .....................................
87.00 Total financing disbursements (gross) .........................

2000 actual

Identification code 86–4240–0–3–371

40
52

00.91

Total guaranteed loan commitments ........................
Guaranteed amount of guaranteed loan commitments

2290

233901 Total subsidy budget authority ......................................
¥356
¥398
¥398
Guaranteed loan subsidy outlays:
234001 Loan guarantee levels ...................................................
¥356
¥398
¥398
234002 Standby commitment authority ..................................... ................... ................... ...................

2150
2199

Value of assets related to direct
loans ..........................................
Other Federal assets: Property, plant
and equipment, net ............................

1999

2001 actual

2002 est.

2003 est.

614
31

693
32

703
32

747
33

..................

650

736

757

806

47
22

59
21

59
..................

61
..................

Total liabilities ....................................
NET POSITION:
3300 Cumulative results of operations ............

16
448
¥437
26
437

545

26
536
¥534
28
534

548

28
464
¥464
28
464

581

656

698

745

3999

Total net position ................................

581

656

698

745

4999

516

Total liabilities and net position ............

650

736

757

806

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.
f

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
88.25
Interest on uninvested funds ...............................
Non-Federal sources:
88.40
Guarantee Fees .................................................
88.40
Commitment and other fees ............................
88.40
Multiclass fees .................................................

VerDate 11-MAY-2000

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GUARANTEES
¥47

¥38

¥383
¥48
¥18

¥383
¥72
¥21

¥398
¥42
¥21

PO 00000

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MORTGAGE-BACKED SECURITIES LIQUIDATING
ACCOUNT

Unavailable Collections (in millions of dollars)
2001 actual

Identification code 86–4238–0–3–371

01.99

2002 est.

2003 est.

Balance, start of year .................................................... ................... ................... ...................

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GOVERNMENT NATIONAL MORTGAGE ASSOCIATION—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Receipts:
Guarantees of mortgage-backed securities liquidating
account, offsetting collections ..................................
Appropriations:
05.00 Guarantees of mortgage-backed securities liquidating
account ......................................................................

513

Status of Guaranteed Loans (in millions of dollars)

02.80

402

420

425

¥402

¥420

¥425

2001 actual

Identification code 86–4238–0–3–371

2002 est.

2003 est.

146
¥12

134
¥12

122
¥12

Outstanding, end of year ..........................................

134

122

110

2299

Balance, end of year ..................................................... ................... ................... ...................

Cumulative balance of guaranteed loans outstanding:
Outstanding, start of year .............................................
Repayments and prepayments ......................................

2290

07.99

2210
2251

Memorandum:
Guaranteed amount of guaranteed loans outstanding,
end of year ................................................................

134

122

110

Program and Financing (in millions of dollars)
2001 actual

Identification code 86–4238–0–3–371

2002 est.

2003 est.

Obligations by program activity:
00.01 Administrative contract expenses .................................. ................... ...................
Operating expenses:
00.02
Default expenses .......................................................
1
1
00.03
Servicing expenses ....................................................
2
1
00.91

40
1
1

01.01

Total operating expenses ......................................
Capital investment:
Advances of guaranty payments ...............................

10.00

Total new obligations ................................................

Budgetary resources available for obligation:
21.40 Unobligated balance carried forward, start of year
22.00 New budget authority (gross) ........................................

6,237
402

6,589
420

6,961
465

23.90
23.95
24.40

6,639
¥50
6,589

7,009
¥48
6,961

7,426
¥87
7,339

Operating results.—Fee collections, interest, and other income are expected to exceed expenses by $378 million in
2002 and $348 million in 2003. These amounts will be retained to cover future year expenses and as a reserve against
losses that may be incurred on guarantees.
Statement of Operations (in millions of dollars)

New budget authority (gross), detail:
Mandatory:
60.00
Appropriation ............................................................. ................... ...................
69.00 Offsetting collections (cash) .........................................
402
420

465

2001 actual

0101
0102

Revenue ...................................................
Expense ....................................................

370
..................

383
..................

381
–3

390
–42

0105

Net income or loss (–) ............................

370

383

378

348

Total comprehensive income ...................

370

383

378

348

40
425

70.00

2000 actual

0199

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

Identification code 86–4238–0–3–371

Total new budget authority (gross) ..........................

402

420

72.40
73.10
73.20
74.40

Change in obligated balances:
Obligated balance, start of year1 ..................................
Total new obligations ....................................................
Total outlays (gross) ......................................................
Obligated balance, end of year .....................................

¥79
50
¥37
¥66

¥66
48
¥42
¥59

¥59
87
¥89
¥61

86.97

Outlays (gross), detail:
Outlays from new mandatory authority .........................

¥356

¥378

¥389

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.20
Interest on Federal securities ...............................
Non-Federal sources:
88.40
Repayments of guaranteed payments .............
88.40
Servicing income ..............................................
88.40
Repayments on mortgages ...............................

¥39
¥35
¥2
¥1
¥1 ...................
¥420

¥425

40
¥336

88.90

89.00
90.00

¥42
¥3
¥1

Total, offsetting collections (cash) ..................

¥402

1290

Outstanding, end of year ..........................................

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14:08 Jan 23, 2002

Jkt 189685

1699

Value of assets related to direct
loans ..........................................

1999

2001 actual

2002 est.

2003 est.

..................

6,171
89
3

6,557
85
2

6,838
57
2

7,111
58
1

109

110

–105

–99

–79

–65

6,267

6,655

6,907

7,180

20
513

20
515

1
514

..................
514

533

535

515

514

5,734

6,120

6,392

6,666

6,575

6,838

6,575

6,838

7,111

3999

Total net position ................................

5,734

6,120

6,392

6,666

4999

Total liabilities and net position ............

6,267

6,655

6,907

7,180

2001 actual

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 ...............................

ASSETS:
Federal assets:
1101
Fund balances with Treasury .............
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 (–) ....................

6,190

Status of Direct Loans (in millions of dollars)

1210
1232

2000 actual

Identification code 86–4238–0–3–371

Total liabilities ....................................
NET POSITION:
3300 Cumulative results of operations ............

line nets unpaid obligations and offsetting collections from new Federal sources.

Identification code 86–4238–0–3–371

2003 est.

Balance Sheet (in millions of dollars)

2999

92.01

1 This

2002 est.

2003 est.

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)

109

110

¥42
¥4

¥39
¥27

¥35
¥25

25.2
33.0

Other services ................................................................
Investments and loans ..................................................

3
47

2
46

42
45

110

99.9

Total new obligations ................................................

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2001 actual

Identification code 86–4238–0–3–371

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2002 est.

2003 est.

514

POLICY DEVELOPMENT AND RESEARCH
Federal Funds

THE BUDGET FOR FISCAL YEAR 2003

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$50,250,000¿
$47,000,000, to remain available until September 30, ø2003: Provided,
That $1,500,000 shall be for necessary expenses of the Millennial
Housing Commission, as authorized by section 206 of Public Law
106–74, with the final report due no later than May 30, 2002 and
a termination date of August 30, 2002, notwithstanding section 206(f)
and (g) of Public Law 106–74: Provided further, That $1,000,000
shall be for necessary expenses of the commission established under
section 525 of the Preserving Affordable Housing for Senior Citizens
and Families in the 21st Century Act, with the final report due
no later than June 30, 2002 and a termination date of September
30, 2002, notwithstanding section 525(f) and (g) of Public Law 106–
74: Provided further, That of the total amount provided under this
heading, $8,750,000 shall be for the Partnership for Advancing Technology in Housing (PATH) Initiative¿ 2004. (Departments of Veterans
Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2002.)
Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0108–0–1–451

2002 est.

2003 est.

ated with analyzing newly available 2000 census data to determine their implications for HUD programs. National Housing Surveys will continue in 2003. Research and evaluation
activities will also support the Department in carrying out
its responsibilities under the Government Performance and
Results Act.
Object Classification (in millions of dollars)
2001 actual

Identification code 86–0108–0–1–451

2002 est.

2003 est.

25.2
41.0

Other services ................................................................
Grants, subsidies, and contributions ............................

47
6

45
6

42
5

99.9

Total new obligations ................................................

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, $45,899,000, to remain available until September 30,
ø2003¿ 2004, of which $20,250,000 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, 2002.)

00.01
00.02
00.05

Obligations by program activity:
Housing Research ..........................................................
PATH ...............................................................................
Strategic Planning Performance Measurement .............

10.00

Total new obligations ................................................

21.40
22.00

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority (gross) ........................................

2
53

3 ...................
48
47

00.01
00.02

Obligations by program activity:
Fair housing assistance ................................................
Fair housing initiatives ..................................................

21
24

26
20

23.90
23.95
24.40

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

55
51
47
¥53
¥51
¥47
3 ................... ...................

10.00

Total new obligations (object class 41.0) ................

21.40
22.00

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority (gross) ........................................

30
46

31
46

23.90
23.95
23.98
24.40

41
41
47
9
10 ...................
3 ................... ...................

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
53
41.00
Transferred to other accounts ................................... ...................

50
47
¥2 ...................

43.00

Appropriation (total discretionary) ........................

72.40
73.10
73.20
74.40

63
53
¥64
51

51
51
¥60
40

40
47
¥51
37

Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0144–0–1–751

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................

2002 est.

2003 est.

76
77
77
¥45
¥46
¥46
¥1 ................... ...................
31
31
31

25
39

19
41

19
33

87.00

39
45
54
45
46
46
¥39
¥37
¥46
¥1 ................... ...................
45
54
54

86.90
86.93

Outlays (gross), detail:
Outlays from new discretionary authority .....................
Outlays from discretionary balances .............................

1 ................... ...................
38
37
46

87.00

Outlays (gross), detail:
86.90 Outlays from new discretionary authority .....................
86.93 Outlays from discretionary balances .............................

72.40
73.10
73.20
73.40
74.40

Total outlays (gross) .................................................

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

46
39

46
37

46
46

Total outlays (gross) .................................................

53
63

48
60

47
51

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 2003, the research program will expand funding for program evaluations and cover some of the increased costs associ-

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The Budget proposes an appropriation of $46 million in
2003 to fund fair housing activities that support efforts to
end housing discrimination. Of the amount requested, $26
million is for the Fair Housing Assistance Program and $20
million is for the Fair Housing Initiatives Program.

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MANAGEMENT AND ADMINISTRATION
Federal Funds

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

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 is estimated that the
number of new State and local agencies with laws equivalent
to the Fair Housing Act will increase to 98 in 2003 from
96 in 2002.
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.
f

OFFICE OF LEAD HAZARD CONTROL
Federal Funds
General and Special Funds:
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$109,758,000¿ $126,000,000, to remain available until September 30, ø2003¿ 2004, of which $10,000,000 shall be for the
Healthy Homes Initiative, pursuant to sections 501 and 502 of the
Housing and Urban Development Act of 1970 that shall include research, studies, testing, and demonstration efforts, including education and outreach concerning lead-based paint poisoning and other
housing-related diseases and hazardsø: Provided, That of the amounts
provided under this heading, $3,500,000 shall be for a one-time grant
to the National Center for Lead-Safe Housing¿. (Departments of Veterans Affairs and Housing and Urban Development, and Independent
Agencies Appropriations Act, 2002.)
Program and Financing (in millions of dollars)
2001 actual

Identification code 86–0174–0–1–451

2002 est.

2003 est.

515

87.00

Total outlays (gross) .................................................

101

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

100
85

110
95

126
101

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 2003 Budget includes
a $16 million increase to $96 million for HUD’s Lead Hazard
Control Program competitive grants, and $10 million for the
Healthy Homes Initiative. A request of $10 million to continue
Operation LEAP is also included. These funds will be used
to leverage the lead hazard control grant program.
The Lead Hazard Control Grant Program provides grants
of $1 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 control additional childhood diseases and injuires that are
caused by housing related factors. The initative will allow
for a demonstration that evaluates the methods of controlling
two or more housing related diseases through a single intervention. A public education/outreach effort, to enable the public to act effectively to protect their children, 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; development
of standards, technical guidance, regulations and improved
testing; and hazard control methods.

00.01

Obligations by program activity:
Lead abatement .............................................................

196

126

10.00

Total new obligations (object class 41.0) ................

196

126

MANAGEMENT AND ADMINISTRATION

21.40
22.00
22.10

23.90
23.95
24.40

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................

72.40
73.10
73.20
73.45
74.40

86.90
86.93

Outlays (gross), detail:
Outlays from new discretionary authority .....................
Outlays from discretionary balances .............................

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Federal Funds
72
100

86 ...................
110
126

General and special funds:
SALARIES

4 ................... ...................
176
196
126
¥90
¥196
¥126
86 ................... ...................

100

110

126

196
196
297
90
196
126
¥86
¥95
¥101
¥4 ................... ...................
196
297
322

4
81

2
93

3
98

PO 00000

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(INCLUDING

AND

EXPENSES

TRANSFER OF FUNDS)

For necessary administrative and non-administrative expenses of
the Department of Housing and Urban Development, not otherwise
provided for, including not to exceed $25,000 for official reception
and representation expenses, ø$1,097,292,000¿ $1,120,871,000, of
which ø$530,457,000¿ $571,779,000 shall be provided from the various funds of the Federal Housing Administration, ø$9,383,000¿
ø$10,000,000¿ $10,761,000 shall be provided from funds of the Government National Mortgage Association, ø$1,000,000¿ $1,040,000
shall be provided from the ‘‘Community development loan guarantees
program’’ account, ø$150,000¿ $156,000 shall be provided by transfer
from the ‘‘Native American housing block grants’’ account, ø$200,000¿
$207,000 shall be provided by transfer from the ‘‘Indian housing
loan guarantee fund program’’ account and $35,000 shall be transferred from the ‘‘Native Hawaiian housing loan guarantee fund’’ account: Provided, That no less than ø$85,000,000¿ $10,500,000 shall
be transferred to the Working Capital Fund for the development
øand maintenance of¿ of and modifications to information technology

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516

MANAGEMENT AND ADMINISTRATION—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2003

General and special funds—Continued
SALARIES
(INCLUDING

AND

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.

EXPENSES—Continued

TRANSFER OF FUNDS)—Continued

systemsø: 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: Provided further, That
the Secretary shall submit a staffing plan for the Department by
January 15, 2002¿. (Departments of Veterans Affairs and Housing
and Urban Development, and Independent Agencies Appropriations
Act, 2002; additional authorizing legislation required.)

Object Classification (in millions of dollars)
2001 actual

Identification code 86–0143–0–1–999

2002 est.

2003 est.

2001 actual

Identification code 86–0143–0–1–999

2002 est.

2003 est.

Obligations by program activity:
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 ..................................................

36
228
557

36
236
566

34
217
584

09.99

Total reimbursable program ......................................

557

566

584

10.00

Total new obligations ................................................

1,120

1,148

282
1
2

313
2
3

329
2
3

285
100
8
46

318
100
8
46

334
102
12
48

25.4
25.7
26.0
31.0

Total personnel compensation .........................
Civilian personnel benefits .......................................
Travel and transportation of persons .......................
Rental payments to GSA ...........................................
Communications, utilities, and miscellaneous
charges .................................................................
Printing and reproduction .........................................
Advisory and assistance services .............................
Other services ............................................................
Other purchases of goods and services from Government accounts .................................................
Operation and maintenance of facilities ..................
Operation and maintenance of equipment ...............
Supplies and materials .............................................
Equipment .................................................................

99.0
99.0
99.9

Program and Financing (in millions of dollars)

11.1
11.3
11.5

Direct obligations:
Personnel compensation:
Full-time permanent .............................................
Other than full-time permanent ...........................
Other personnel compensation .............................

11.9
12.1
21.0
23.1
23.3

1,121

222
37
40

231
38
41

213
35
38

1,126
1,148
1,121
¥1,120
¥1,148
¥1,121
¥5 ................... ...................

14
3
74
3

14
14
3
3
63 ...................
3
4

20
3
1
3
3

20
3
1
2
1

12
3
2
2
1

Direct obligations ..................................................
Reimbursable obligations ..............................................

563
557

582
566

537
584

Total new obligations ................................................

1,120

1,148

1,121

24.0
25.1
25.2
25.3

Personnel Summary

Direct:
Total compensable workyears: Full-time equivalent
employment ...............................................................
Reimbursable:
2001 Total compensable workyears: Full-time equivalent
employment ...............................................................

2002 est.

2003 est.

1001
569
582
537
¥1 ................... ...................

43.00
68.00

Appropriation (total discretionary) ........................
Spending authority from offsetting collections: Offsetting collections (cash) ..............................................

568
558

566

584

70.00

Total new budget authority (gross) ..........................

1,126

1,148

1,121

72.40
73.10
73.20
73.40
74.40

86.90
86.93

Outlays (gross), detail:
Outlays from new discretionary authority .....................
Outlays from discretionary balances .............................

1,045
92

1,054
94

1,034
94

87.00

Total outlays (gross) .................................................

1,137

1,148

1,128

Offsets:
Against gross budget authority and outlays:
88.00
Offsetting collections (cash) from: Federal sources

¥558

¥566

¥584

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

568
579

582
582

537
544

89.00
90.00

2001 actual

Identification code 86–0143–0–1–999

582

537

194
174
174
1,120
1,148
1,121
¥1,137
¥1,148
¥1,128
¥3 ................... ...................
174
174
167

4,552

4,641

4,374

4,459

OFFICE

INSPECTOR GENERAL

For necessary expenses of the Office of Inspector General in carrying out the Inspector General Act of 1978, as amended,
ø$93,898,000¿ $101,595,000, of which ø$22,343,000¿ $24,058,000
shall be provided from the various funds of the Federal Housing
Administration øand $5,000,000 shall be provided from the appropriation for the ‘‘Public housing operating fund’’: Provided, That the Inspector General shall have independent authority over all personnel
issues within¿ : Provided, that no less than $300,000 shall be transferred to the Working Capital Fund for the development of and modifications to information technology systems for the Office of Inspector
General. (Departments of Veterans Affairs and Housing and Urban
Development, and Independent Agencies Appropriations Act, 2002; additional authorizing legislation required.)
øFor emergency expenses to respond to the September 11, 2001,
terrorist attacks on the United States, for ‘‘Office of Inspector General’’, $1,000,000, to remain available until expended, to be obligated
from amounts made available in Public Law 107–38.¿ (Emergency
Supplemental Act, 2002.)
Program and Financing (in millions of dollars)

Budget Authority and Outlays Excluding Full Funding for Federal Retiree Costs (in
millions of dollars)

2001 actual

Identification code 86–0189–0–1–451

2002 est.

2003 est.

00.01
09.01

Obligations by program activity:
Direct program ...............................................................
Reimbursable program ..................................................

62
33

71
28

77
24

510
517

10.00

Total new obligations ................................................

101

This appropriation finances all salaries and related costs
associated with administering the programs of the Department of Housing and Urban Development, including: housing

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

2001 actual

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553

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2002 est.

556
556

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2003 est.

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6 ................... ...................
89
99
101
95

101

MANAGEMENT AND ADMINISTRATION—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
23.95

Total new obligations ....................................................

¥95

¥99

¥101
2001

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
68.00 Spending authority from offsetting collections: Offsetting collections (cash) ..............................................

70.00

Reimbursable:
Total compensable workyears: Full-time equivalent
employment ...............................................................

101

Total new budget authority (gross) ..........................

72.40
73.10
73.20
74.40

27
95
¥95
26

26
99
¥98
26

26
101
¥101
26

86.90
86.93

Outlays (gross), detail:
Outlays from new discretionary authority .....................
Outlays from discretionary balances .............................

79
15

84
15

87.00

Total outlays (gross) .................................................

246

517

232

CONSOLIDATED FEE FUND
(RESCISSION)
øOf the¿ All unobligated balances remaining available from fees
and charges under section 7(j) of the Department of Housing and
Urban Development Actø, $6,700,000 is¿ on October 1, 2002 are rescinded. (Departments of Veterans Affairs and Housing and Urban
Development, and Independent Agencies Appropriations Act, 2002.)

101

Program and Financing (in millions of dollars)
2001 actual

Identification code 86–5486–0–2–604

2002 est.

2003 est.

00.01
Offsets:
Against gross budget authority and outlays:
88.00
Offsetting collections (cash) from: Federal sources
Net budget authority and outlays:
89.00 Budget authority ............................................................
90.00 Outlays ...........................................................................

¥28

56
61

71
70

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

2002 est.

53
58

77
77

Total new obligations (object class 25.3) ................

1 ...................

21.40
22.00
23.90
23.95
24.40

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
16
New budget authority (gross) ........................................ ...................
Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

16
¥1
16

New budget authority (gross), detail:
Discretionary:
40.36
Unobligated balance rescinded ................................. ...................

2003 est.

68
67

1 ...................

¥24

Budget Authority and Outlays Excluding Full Funding for Federal Retiree Costs (in
millions of dollars)
2001 actual

10.00
¥33

Obligations by program activity:
Direct Program Activity ..................................................

74
74

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.

16
¥7

8
¥8

9 ...................
¥1 ...................
8 ...................

¥7

¥8

73.10
73.20

Change in obligated balances:
Total new obligations ....................................................
Total outlays (gross) ......................................................

86.90
86.93
86.98

Outlays (gross), detail:
Outlays from new discretionary authority ..................... ................... ...................
¥1
Outlays from discretionary balances ............................. ................... ...................
1
Outlays from mandatory balances ................................
1
1 ...................

87.00

89.00
90.00

Total outlays (gross) .................................................

1
¥1

1 ...................
¥1 ...................

1 ...................

Net budget authority and outlays:
Budget authority ............................................................ ...................
Outlays ...........................................................................
1

¥7
¥8
1 ...................

Object Classification (in millions of dollars)
2001 actual

Identification code 86–0189–0–1–451

11.1
11.5

Direct obligations:
Personnel compensation:
Full-time permanent .............................................
Other personnel compensation .............................

2002 est.

2003 est.

31
2

41
2

48
2

33
10
4
5

43
11
4
4

50
11
4
4

1
4

1
3

26.0
31.0

Total personnel compensation .........................
Civilian personnel benefits .......................................
Travel and transportation of persons .......................
Rental payments to GSA ...........................................
Communications, utilities, and miscellaneous
charges .................................................................
Advisory and assistance services .............................
Other purchases of goods and services from Government accounts .................................................
Supplies and materials .............................................
Equipment .................................................................

2
1
1

2
1
2

2
1
1

99.0
99.0

Direct obligations ..................................................
Reimbursable obligations ..............................................

61
34

71
28

77
24

99.9

Total new obligations ................................................

101

Section 7(j) of the Department of Housing and Urban Development Act established fees and charges from selected programs to offset the costs of audits, inspections and other
related expenses that may be incurred by the Department
in monitoring these programs. These funds are no longer
needed. In 2003, the budget proposes a rescission of all unobligated funds.

11.9
12.1
21.0
23.1
23.3
25.1
25.3

OFFICE

2001 actual

Direct:
1001 Total compensable workyears: Full-time equivalent
employment ...............................................................

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FEDERAL HOUSING ENTERPRISE OVERSIGHT
SALARIES

AND

EXPENSES

(INCLUDING TRANSFER OF FUNDS)

Personnel Summary
Identification code 86–0189–0–1–451

2002 est.

2003 est.

438

443

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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, $27,000,000, to remain available until expended, to be derived from the Federal Housing Enterprises Oversight Fund: Provided, That not to exceed such amount
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: Provided further, That this
Office shall submit a staffing plan to the House and Senate Committees on Appropriations no later than January 30, 2002¿. (Departments
of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2002.)

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MANAGEMENT AND ADMINISTRATION—Continued
Federal Funds—Continued

518

THE BUDGET FOR FISCAL YEAR 2003

General and special funds—Continued
OFFICE

FEDERAL HOUSING ENTERPRISE OVERSIGHT—Continued
SALARIES

AND

vide direct funding of OFHEO’s activities with mandatory
assessments on Fannie Mae and Freddie Mac.

EXPENSES—Continued

Object Classification (in millions of dollars)

(INCLUDING TRANSFER OF FUNDS)—Continued

2001 actual

Identification code 86–5272–0–2–371

2002 est.

2003 est.

01.99

Balance, start of year .................................................... ................... ................... ...................
Receipts:
02.60 Office of federal housing enterprise oversight .............
22
27
31
Appropriations:
05.00 Office of federal housing enterprise oversight .............
¥22
¥27
¥31
07.99

2001 actual

Identification code 86–5272–0–2–371

Unavailable Collections (in millions of dollars)

Balance, end of year ..................................................... ................... ................... ...................

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 ..................................................

99.0
99.5

Direct obligations ..................................................
23
Below reporting threshold .............................................. ...................

99.9

2002 est.

2003 est.

12
14
16
3
3
5
3
3
3
3
2
5
1
4
1
1 ................... ...................

Total new obligations ................................................

26
1

30
1

Program and Financing (in millions of dollars)
2001 actual

Identification code 86–5272–0–2–371

2002 est.

Personnel Summary

2003 est.

2001 actual

Identification code 86–5272–0–2–371

00.01

Obligations by program activity:
Direct program ...............................................................

10.00

Total new obligations ................................................

2002 est.

2003 est.

1001

Total compensable workyears: Full-time equivalent
employment ...............................................................

105

118

142

Budgetary resources available for obligation:
22.00 New budget authority (gross) ........................................
22.10 Resources available from recoveries of prior year obligations .......................................................................
23.90
23.95

23
¥23

27
¥27

31
¥31

New budget authority (gross), detail:
Discretionary:
40.20
Appropriation (special fund) .....................................

WORKING CAPITAL FUND

1 ................... ...................

Total budgetary resources available for obligation
Total new obligations ....................................................

72.40
73.10
73.20
73.45
74.40

Intragovernmental funds:

6
5
6
23
27
31
¥23
¥26
¥30
¥1 ................... ...................
5
6
7

For additional capital for Working Capitol Fund (42 U.S.C. 3535)
for the development of, modifications to, and infrastructure for Department-wide Information technology systems, and for the continuing
operation of both Department-wide and program-specific information
systems, $278,737,000 to remain available until September 30, 2004:
Provided, That any amounts transferred to this Fund under this Act
shall remain available until expended.
Program and Financing (in millions of dollars)

00.01
09.01

Outlays (gross), detail:
86.90 Outlays from new discretionary authority .....................
86.93 Outlays from discretionary balances .............................

19
4

22
4

25
5

87.00

Total outlays (gross) .................................................

22
23

27
26

31
30

Budget Authority and Outlays Excluding Full Funding for Federal Retiree Costs (in
millions of dollars)
2001 actual

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................
Outlays ...........................................................................

22
23

2002 est.

27
26

2003 est.

30
29

This appropriation funds the Office of Federal Housing Enterprise Oversight (the Office), which was established in 1992
to regulate the financial safety and soundness of two housing
Government Sponsored Enterprises (GSEs)—Fannie Mae and
Freddie Mac. The Office was authorized in the Federal Housing Enterprise Safety and Soundness Act of 1992, which also
instituted a risk-based capital standard for the GSEs, and
gave the regulator enhanced authority to enforce those standards. The office is also required by statute to conduct onsite annual examinations at the GSEs to determine the condition of each enterprise for the purpose of ensuring their financial safety and soundness.
In order to treat OFHEO similarly to other financial regulators, including the regulator of the Federal Home Loan
Bank System, the Budget proposes legislation that would pro-

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2001 actual

Identification code 86–4586–0–4–451

Obligations by program activity:
Direct Program Activity .................................................. ................... ...................
Reimbursable program ..................................................
340
351

10.00

Total new obligations ................................................

21.40
22.00
22.10

23.90
23.95
24.40

2002 est.

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

2003 est.

278
75

340

351

353

25
336

24
351

24
353

2 ................... ...................
363
¥340
24

375
¥351
24

377
¥353
24

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation ............................................................. ................... ...................
278
Mandatory:
69.00
Offsetting collections (cash) .....................................
398
351
75
69.10
Change in uncollected customer payments from
Federal sources (unexpired) ..................................
¥62 ................... ...................
69.90

Spending authority from offsetting collections
(total mandatory) .............................................

351

Total new budget authority (gross) ..........................

70.00

336
336

351

353

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) ............................................
74.40 Obligated balance, end of year .....................................
72.40
73.10
73.20
73.45
74.00

86.90
86.97

¥17
71
71
340
351
353
¥310
¥351
¥325
¥2 ................... ...................
62 ................... ...................
71
71
99

Outlays (gross), detail:
Outlays from new discretionary authority ..................... ................... ...................
Outlays from new mandatory authority .........................
310
351

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250
75

MANAGEMENT AND ADMINISTRATION—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
87.00

Total outlays (gross) .................................................

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) ..................................

89.00
90.00

310

351

325

¥398

¥351

¥75

62 ................... ...................

278
250

Budget Authority and Outlays Excluding Full Funding for Federal Retiree Costs (in
millions of dollars)
2001 actual

89.00
90.00

2002 est.

2003 est.

276
248

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. In
2001 and 2002 the fund was financed from fees charged for
services performed. In 2003, a direct appropriation is requested for the operations of the computer system and for
development and modifications of Department-wide systems.
Fees will continue for services to develop and modify systems
where the benefit is limited to a specific program.
Object Classification (in millions of dollars)
2001 actual

Identification code 86–4586–0–4–451

11.1
12.1
21.0
23.3
25.1
26.0
31.0
99.0
11.1
12.1
21.0
23.3
25.1
26.0
31.0

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 .................................................................

2002 est.

................... ...................
................... ...................
................... ...................
...................
...................
...................
...................

...................
...................
...................
...................

2003 est.

32
8
1
43
176
1
17

Direct obligations .................................................. ................... ...................
278
Reimbursable obligations:
Personnel compensation: Full-time permanent ........
26
30 ...................
Civilian personnel benefits .......................................
5
6 ...................
Travel and transportation of persons .......................
1
2 ...................
Communications, utilities, and miscellaneous
charges .................................................................
35
40
9
Advisory and assistance services .............................
223
237
58
Supplies and materials .............................................
1
1 ...................
Equipment .................................................................
49
35
8

99.0

Reimbursable obligations .....................................

340

351

99.9

Total new obligations ................................................

340

351

353

Personnel Summary
2001 actual

Identification code 86–4586–0–4–451

2002 est.

2003 est.

Direct:
1001 Total compensable workyears: Full-time equivalent
employment ............................................................... ................... ...................
380
Reimbursable:
2001 Total compensable workyears: Full-time equivalent
employment ...............................................................
354
380 ...................
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,

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519

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.
øSEC. 202. None of the amounts made available under this Act
may be used during fiscal year 2002 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 nonfrivolous 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. ø203¿ 202. (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 ø2002¿ 2003
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 ø2002¿
2003 under such clause (ii) because the areas in the State outside
of the metropolitan statistical areas that qualify under clause (i)
in fiscal year ø2002¿ 2003 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 ø2002¿ 2003, 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).
SEC. ø204¿ 203. (a) Section 225(a) of the Departments of Veterans
Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2000, Public Law 106–74 (113 Stat. 1076),
is amended by øinserting ‘‘and fiscal year 2002’’ after ‘‘fiscal year
2001’’¿ striking ‘‘year 2000, and the amounts that would otherwise
be allocated for fiscal year 2001 and fiscal year 2002’’, and inserting
‘‘years 2000, 2001, 2002, and 2003’’.
(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 ø2002¿ 2003 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-Durham-Chapel Hill, 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.
øSEC. 205. Section 106(c)(9) of the Housing and Urban Development
Act of 1968 (12 U.S.C. 1701x(c)(9)) is repealed.¿
øSEC. 206. Section 251 of the National Housing Act (12 U.S.C.
1715z–16) is amended—
(1) in subsection (b), by striking ‘‘issue regulations’’ and all that
follows and inserting the following: ‘‘require that the mortgagee
make available to the mortgagor, at the time of loan application,
a written explanation of the features of an adjustable rate mortgage
consistent with the disclosure requirements applicable to variable
rate mortgages secured by a principal dwelling under the Truth
in Lending Act.’’; and
(2) by adding the following new subsection at the end:
‘‘(d)(1) The Secretary may insure under this subsection a mortgage
that meets the requirements of subsection (a), except that the effective rate of interest—
‘‘(A) shall be fixed for a period of not less than the first 3 years
of the mortgage term;
‘‘(B) shall be adjusted by the mortgagee initially upon the expiration of such period and annually thereafter; and
‘‘(C) in the case of the initial interest rate adjustment, is subject
to the 1 percent limitation only if the interest rate remained fixed
for five or fewer years.

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520

MANAGEMENT AND ADMINISTRATION—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2003

Intragovernmental funds—Continued
ADMINISTRATIVE PROVISIONS—Continued
‘‘(2) The disclosure required under subsection (b) shall be required
for a mortgage insured under this subsection.’’.¿
øSEC. 207. (a) Section 203(c) of the National Housing Act (12 U.S.C.
1709(c)) is amended—
(1) in paragraph (1), by striking ‘‘and (k)’’ and inserting ‘‘or (k)’’;
and
(2) in paragraph (2)—
(A) by inserting after ‘‘subsection (v)’’ the following: ‘‘and
each mortgage that is insured under subsection (k) or section
234(c),’’; and
(B) by striking ‘‘and executed on or after October 1, 1994,’’.
(b) The amendments made by subsection (a) shall—
(1) apply only to mortgages that are executed on or after the
date of enactment of this Act; and
(2) be implemented in advance of any necessary conforming
changes to regulations.¿
SEC. ø208¿ 204. (a) During fiscal year ø2002¿ 2003, 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.
øSEC. 209. Section 533 of the National Housing Act (12 U.S.C.
1735f–11) is amended to read as follows:
‘‘SEC. 533. REVIEW OF MORTGAGEE PERFORMANCE AND AUTHORITY
TO TERMINATE.—
‘‘(a) PERIODIC REVIEW OF MORTGAGEE PERFORMANCE.—To reduce
losses in connection with single family mortgage insurance programs
under this Act, at least once a year the Secretary shall review the
rate of early defaults and claims for insured single family mortgages
originated or underwritten by each mortgagee.
‘‘(b) COMPARISON WITH OTHER MORTGAGEES.—For each mortgagee,
the Secretary shall compare the rate of early defaults and claims
for insured single family mortgage loans originated or underwritten
by the mortgagee in an area with the rate of early defaults and
claims for other mortgagees originating or underwriting insured single family mortgage loans in the area. For purposes of this section,
the term ‘area’ means each geographic area in which the mortgagee
is authorized by the Secretary to originate insured single family mortgages.
‘‘(c) TERMINATION OF MORTGAGEE ORIGINATION APPROVAL.—(1) Notwithstanding section 202(c) of this Act, the Secretary may terminate
the approval of a mortgagee to originate or underwrite single family
mortgages if the Secretary determines that the mortgage loans originated or underwritten by the mortgagee present an unacceptable
risk to the insurance funds. The determination shall be based on
the comparison required under subsection (b) and shall be made
in accordance with regulations of the Secretary. The Secretary may
rely on existing regulations published before this section takes effect.
‘‘(2) The Secretary shall give a mortgagee at least 60 days prior
written notice of any termination under this subsection. The termination shall take effect at the end of the notice period, unless the
Secretary withdraws the termination notice or extends the notice
period. If requested in writing by the mortgagee within 30 days
of the date of the notice, the mortgagee shall be entitled to an informal conference with the official authorized to issue termination notices on behalf of the Secretary (or a designee of that official). At
the informal conference, the mortgagee may present for consideration
specific factors that it believes were beyond its control and that
caused the excessive default and claim rate.’’.¿
øSEC. 210. Except as explicitly provided in law, any grant or assistance made pursuant to title II of this Act shall be made on a competitive basis in accordance with section 102 of the Department of Housing and Urban Development Reform Act of 1989.¿

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øSEC. 211. Public housing agencies in the States of Alaska, Iowa,
and Mississippi shall not be required to comply with section 2(b)
of the United States Housing Act of 1937, as amended, during fiscal
year 2002.¿
øSEC. 212. Notwithstanding any other provision of law, in fiscal
year 2002, 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.¿
øSEC. 213. (a) SECTION 207 LIMITS.—Section 207(c)(3) of the National Housing Act (12 U.S.C. 1713(c)(3)) is amended—
(1) by striking ‘‘$30,420’’, ‘‘$33,696’’, ‘‘$40,248’’, ‘‘$49,608’’, and
‘‘$56,160’’ and inserting ‘‘$38,025’’, ‘‘$42,120’’, ‘‘$50,310’’, ‘‘$62,010’’,
and ‘‘$70,200’’, respectively;
(2) by striking ‘‘$9,000’’ and inserting ‘‘$11,250’’; and
(3) by striking ‘‘$35,100’’, ‘‘$39,312’’, ‘‘$48,204’’, ‘‘$60,372’’, and
‘‘$68,262’’ and inserting ‘‘$43,875’’, ‘‘$49,140’’, ‘‘$60,255’’, ‘‘$75,465’’,
and ‘‘$85,328’’, respectively.
(b) SECTION 213 LIMITS.—Section 213(b)(2) of the National Housing
Act (12 U.S.C. 1715e(b)(2)) is amended—
(1) by striking ‘‘$30,420’’, ‘‘$33,696’’, ‘‘$40,248’’, ‘‘$49,608’’, and
‘‘$56,160’’ and inserting ‘‘$38,025’’, ‘‘$42,120’’, ‘‘$50,310’’, ‘‘$62,010’’,
and ‘‘$70,200’’, respectively; and
(2) by striking ‘‘$35,100’’, ‘‘$39,312’’, ‘‘$48,204’’, ‘‘$60,372’’, and
‘‘$68,262’’ and inserting ‘‘$43,875’’, ‘‘$49,140’’, ‘‘$60,255’’, ‘‘$75,465’’,
and ‘‘$85,328’’, respectively.
(c) SECTION 220 LIMITS.—Section 220(d)(3)(B)(iii) of the National
Housing Act (12 U.S.C. 1715k(d)(3)(B)(iii)) is amended—
(1) by striking ‘‘$30,420’’, ‘‘$33,696’’, ‘‘$40,248’’, ‘‘$49,608’’, and
‘‘$56,160’’ and inserting ‘‘$38,025’’, ‘‘$42,120’’, ‘‘$50,310’’, ‘‘$62,010’’,
and ‘‘$70,200’’, respectively; and
(2) by striking ‘‘$35,100’’, ‘‘$39,312’’, ‘‘$48,204’’, ‘‘$60,372’’, and
‘‘$68,262’’ and inserting ‘‘$43,875’’, ‘‘$49,140’’, ‘‘$60,255’’, ‘‘$75,465’’,
and ‘‘$85,328’’, respectively.
(d) SECTION 221(d)(3) LIMITS.—Section 221(d)(3)(ii) of the National
Housing Act (12 U.S.C. 1715l(d)(3)(ii)) is amended—
(1) by striking ‘‘$33,638’’, ‘‘$38,785’’, ‘‘$46,775’’, ‘‘$59,872’’, and
‘‘$66,700’’ and inserting ‘‘$42,048’’, ‘‘$48,481’’, ‘‘58,469’’, ‘‘$74,840’’,
and ‘‘$83,375’’, respectively; and
(2) by striking ‘‘$35,400’’, ‘‘$40,579’’, ‘‘$49,344’’, ‘‘$63,834’’, and
‘‘$70,070’’ and inserting ‘‘$44,250’’, ‘‘$50,724’’, ‘‘$61,680’’, ‘‘$79,793’’,
and ‘‘$87,588’’, respectively.
(e) SECTION 221(d)(4) LIMITS.—Section 221(d)(4)(ii) of the National
Housing Act (12 U.S.C. 1715l(d)(4)(ii)) is amended—
(1) by striking ‘‘$30,274’’, ‘‘$34,363’’, ‘‘$41,536’’, ‘‘$52,135’’, and
‘‘$59,077’’ and inserting ‘‘$37,843’’, ‘‘$42,954’’, ‘‘$51,920’’, ‘‘$65,169’’,
and ‘‘$73,846’’, respectively; and
(2) by striking ‘‘$32,701’’, ‘‘$37,487’’, ‘‘$45,583’’, ‘‘$58,968’’, and
‘‘$64,730’’ and inserting ‘‘$40,876’’, ‘‘$46,859’’, ‘‘$56,979’’, ‘‘$73,710’’,
and ‘‘$80,913’’, respectively.
(f) SECTION 231 LIMITS.—Section 231(c)(2) of the National Housing
Act (12 U.S.C. 1715v(c)(2)) is amended—
(1) by striking ‘‘$28,782’’, ‘‘$32,176’’, ‘‘$38,423’’, ‘‘$46,238’’, and
‘‘$54,360’’ and inserting ‘‘$35,978’’, ‘‘$40,220’’, ‘‘$48,029’’, ‘‘$57,798’’,
‘‘$67,950’’, respectively; and
(2) by striking ‘‘$32,701’’, ‘‘$37,487’’, ‘‘$45,583’’, ‘‘$58,968’’, and
‘‘$64,730’’ and inserting ‘‘$40,876’’, ‘‘$46,859’’, ‘‘$56,979’’, ‘‘$73,710’’,
and ‘‘$80,913’’, respectively.
(g) SECTION 234 LIMITS.—Section 234(e)(3) of the National Housing
Act (12 U.S.C. 1715y(e)(3)) is amended—
(1) by striking ‘‘$30,420’’, ‘‘$33,696’’, ‘‘$40,248’’, ‘‘$49,608’’, and
‘‘$56,160’’ and inserting ‘‘$38,025’’, ‘‘$42,120’’, ‘‘$50,310’’, ‘‘$62,010’’,
and ‘‘$70,200’’, respectively; and
(2) by striking ‘‘$35,100’’, ‘‘$39,312’’, ‘‘$48,204’’, ‘‘$60,372’’, and
‘‘$68,262’’ and inserting ‘‘$43,875’’, ‘‘$49,140’’, ‘‘$60,255’’, ‘‘$75,465’’,
and ‘‘$85,328’’, respectively.¿
øSEC. 214. Of the amounts appropriated in the Consolidated Appropriations Act, 2001 (Public Law 106–554), for the operation of an
historical archive at the University of South Carolina, Department
of Archives, South Carolina, such funds shall be available to the

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MANAGEMENT AND ADMINISTRATION—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
University of South Carolina to fund an endowment for the operation
of an historical archive at the University of South Carolina, without
fiscal year limitation.¿
øSEC. 215. Section 247 of the National Housing Act (12 U.S.C.
1715z–12) is amended—
(1) in subsection (d), by striking paragraphs (1) and (2) and
inserting the following:
‘‘(1) NATIVE HAWAIIAN.—The term ‘native Hawaiian’ means any
descendant of not less than one-half part of the blood of the races
inhabiting the Hawaiian Islands before January 1, 1778, or, in
the case of an individual who is awarded an interest in a lease
of Hawaiian home lands through transfer or succession, such lower
percentage as may be established for such transfer or succession
under section 208 or 209 of the Hawaiian Homes Commission Act
of 1920 (42 Stat. 111), or under the corresponding provision of
the Constitution of the State of Hawaii adopted under section 4
of the Act entitled ‘An Act to provide for the admission of the
State of Hawaii into the Union’, approved March 18, 1959 (73
Stat. 5).
‘‘(2) HAWAIIAN HOME LANDS.—The term ‘Hawaiian home lands’
means all lands given the status of Hawaiian home lands under
section 204 of the Hawaiian Homes Commission Act of 1920 (42
Stat. 110), or under the corresponding provision of the Constitution
of the State of Hawaii adopted under section 4 of the Act entitled
‘An Act to provide for the admission of the State of Hawaii into
the Union’, approved March 18, 1959 (73 Stat. 5).’’; and
(2) by adding at the end the following:
‘‘(e) CERTIFICATION OF ELIGIBILITY FOR EXISTING LESSEES.—Possession of a lease of Hawaiian home lands issued under section 207(a)
of the Hawaiian Homes Commission Act of 1920 (42 Stat. 110), shall
be sufficient to certify eligibility to receive a mortgage under this
section.’’.¿
øSEC. 216. Notwithstanding the requirement regarding commitment
of funds in the first sentence of section 288(b) of the HOME Investment Partnerships Act (42 U.S.C. 12838(b)), the Secretary of Housing
and Urban Development (in this section referred to as the ‘‘Secretary’’) shall approve the release of funds under that section to
the Arkansas Development Finance Authority (in this section referred
to as the ‘‘ADFA’’) for projects, if—
(1) funds were committed to those projects on or before June
12, 2001;
(2) those projects had not been completed as of June 12, 2001;
(3) the ADFA has fully carried out its responsibilities as described in section 288(a); and
(4) the Secretary has approved the certification that meets the
requirements of section 288(c) with respect to those projects.¿
øSEC. 217. Notwithstanding any other provision of law with respect
to this or any other fiscal year, the Housing Authority of Baltimore
City may use the remaining balance of the grant award of
$20,000,000 made to such authority for development efforts at Hollander Ridge in Baltimore, Maryland with funds appropriated for
fiscal year 1996 under the heading ‘‘Public Housing Demolition, Site
Revitalization, and Replacement Housing Grants’’ for the rehabilitation of the Claremont Homes project and for the provision of affordable housing in areas within the City of Baltimore either: (1) designated by the partial consent decree in Thompson v. HUD as nonimpacted census tracts; or (2) designated by said authority as either
strong neighborhoods experiencing private investment or dynamic
growth areas where public and/or private commercial or residential
investment is occurring.¿ (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2002.)
SEC. 205. SERVICE COORDINATORS FOR SECTION 811 HOUSING.—
Section 683(2) of the Housing and Community Development Act of
1992 is amended—
(1) in subparagraph (F), by striking ‘‘and’’;
(2) in subparagraph (G), by striking ‘‘section.’’ and inserting ‘‘section; and’’; and
(3) by adding the following new subparagraph at the end:
‘‘(H) housing that is assisted under section 811 of the CranstonGonzalez National Affordable Housing Act.’’.
SEC. 206. Section 1316 of the Federal Housing Enterprises Financial
Safety and Soundness Act of 1992 (12 U.S.C. 4516) is amended in
subsection (a) in the first sentence by striking ‘‘, to the extent provided
in appropriation Acts,’’ and in subsection (f) in the third sentence
by striking ‘‘, to the extent provided in appropriation Acts and subsection (e),’’.
SEC. 207. REPEAL OF SECTION 236(S) LOAN PROGRAM.—

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(a) Section 236(s) of the National Housing Act (12 U.S.C. 1715z–
1(s)) is amended—
(1) in the heading by striking ‘‘AND LOANS’’;
(2) in paragraph (1), by striking ‘‘and loans’’;
(3) in paragraph (2)—
(A) in the matter preceding subparagraph (A), by striking ‘‘or
loan’’; and
(B) in subparagraph (E)(i), by striking ‘‘or loan (as appropriate)’’;
(4) in paragraph (3), in the matter that precedes subparagraph
(A), by striking ‘‘or loan’’;
(5) in paragraph (4)—
(A) in the paragraph heading, by striking ‘‘AND LOAN’’; and
(B) by striking ‘‘or loans’’ after ‘‘grants’’ each place it appears;
(6) in paragraph (7), by deleting subparagraph (D); and
(7) by deleting paragraph (5) and redesignating paragraphs (6)
and (7) as (5) and (6).
SEC. 208. Section 9 of the United States Housing Act of 1937
is amended—
by inserting at the end the following new subsection:
‘‘(o) DEVELOPMENT-BASED SUBSIDIES.—(1) In order to facilitate the
financing of capital needs and development-based financial management and accountability, the Secretary may approve, on a project
by project basis, the conversion of a public housing project or a portion
of a public housing project to project-based voucher assistance, which
assistance may be on-site or off-site, provided that the number of
public housing units converted under this subsection shall be equal
to the number of units receiving project-based voucher assistance pursuant to this subsection, and that a commitment has first been obtained from an approved lender for a mortgage loan secured by the
property to finance qualified necessary capital improvements under
terms established by the Secretary.
‘‘(2) The initial year of any contract for project-based voucher assistance under this subsection may be funded with amounts made available in an appropriations Act under the headings making amounts
available for the purposes set forth in subsections (d) or (e) of this
section, or with any other amounts appropriated for this purpose.
Any renewal of such contracts shall be funded with amounts made
available under the heading making amounts available for the renewal of assistance under section 8.
‘‘(3) Project-based voucher assistance provided pursuant to this subsection shall be administered under section 8(o)(13), except that—
‘‘(A) subparagraphs (C)(ii) and (D) of such section shall not apply;
‘‘(B)(i) any units converted to project-based voucher assistance
under this subsection shall be maintained as assisted housing and
provided project-based voucher assistance for the same length of
time as the housing would have been required under section 9(d)(3)
to be operated and maintained as public housing absent such conversion, subject to the availability of sufficient appropriated funds
for the purpose of renewing expiring contracts for assistance payments, as provided in appropriations Acts;
‘‘(ii) notwithstanding clause (i), when dwelling units which are
receiving project-based voucher assistance pursuant to a conversion
under this subsection and which are not located in developments
or portions of developments which house only elderly persons or
persons with disabilities, or both, become vacant, the public housing
agency may rent up to one-third of such units to unassisted families
(except that the Secretary may permit the agency under such special
local circumstances as are determined by the Secretary to rent more
than one-third of such units to unassisted families), and for each
unit so rented for the duration of such rental may use the assistance
otherwise associated with that unit to provide tenant-based voucher
assistance under section 8; and
‘‘(iii)(I) notwithstanding clause (i), if the Secretary determines that
such action would further the purposes of this subsection, the Secretary may provide for termination of the restricted use period set
forth in clause (i) in the event that any units converted to projectbased voucher assistance under this subsection are foreclosed upon
(or otherwise disposed of pursuant to an instrument in lieu of foreclosure), on the date the units are acquired by foreclosure (or instrument in lieu of foreclosure), unless—
‘‘(aa) the Secretary determines that the foreclosure is part of
an arrangement the purpose of which is to terminate the restricted
use period; or
‘‘(bb) a bona fide and reasonable contract acceptable to the
Secretary to purchase such units is presented by a person who
is willing to continue such use restrictions; and

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522

MANAGEMENT AND ADMINISTRATION—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2003

Intragovernmental funds—Continued
ADMINISTRATIVE PROVISIONS—Continued
‘‘(II) if the Secretary provides for termination of the restricted
use period pursuant to subclause (I), the Secretary shall provide
enhanced voucher assistance under section 8(t) to any family occupying an assisted unit at the time of such termination;
‘‘(C) any units converted to project-based voucher assistance under
this subsection shall remain covered by and subject to the provisions
in the public housing cooperation agreement entered into between
the city and the public housing agency;
‘‘(D) any units converted to project-based voucher assistance under
this subsection shall not be included as tenant-based assistance
that is attached to a structure for the purposes of the 20 percent
limitation set forth in section 8(o)(13)(B);
‘‘(E) the Secretary may set the rent level for a unit converted
to project-based voucher assistance under this subsection at a level
lower than the level at which such rent would otherwise be set
pursuant to section 8(o)(13)(H), provided such lower level is sufficient, in the determination of the Secretary, to cover debt service
payments on obligations to finance the cost of any necessary rehabilitation, contributions to a capital reserve, amounts necessary for
adequate debt service coverage, the cost of the subsequent operation
of the housing as project-based voucher assistance, and any other
necessary costs;
‘‘(F) where units converted to project-based voucher assistance
under this subsection are owned by the public housing agency or
an entity controlled by such agency, the Secretary may administer
or make alternative arrangements to administer the obligations otherwise required of the public housing agency under the annual contributions contract; and
‘‘(G) the Secretary may waive or make alternative arrangements
regarding any other provision of law or regulation that the Secretary
finds to be inconsistent with accomplishing the purposes of this
subsection.
‘‘(4) The conversion of a public housing project to project-based
voucher assistance under this subsection shall not be considered a
disposition under section 18 of this Act as long as the public housing
agency or an entity controlled by the agency retains ownership of
the project.
‘‘(5)(A) The Secretary may establish a common loan loss reserve
account to which public housing agencies converting public housing
units to project-based voucher assistance under this subsection may
contribute a percentage of amounts available for such conversion,
which percentage shall be specified by the Secretary. The Secretary
may establish the terms and conditions applicable to this loan loss
reserve account and any contributions to it, and may select an entity
or entities on a competitive or noncompetitive basis to develop, maintain, and administer this account.
‘‘(B) Amounts contributed to the account established under this
paragraph shall be available without fiscal year limitation to reim-

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burse any mortgagor that provides financing to a public housing agency for necessary renovations to any project converted pursuant to this
subsection if the public housing agency defaults on the repayment
of such debt.’’;
(b) in subsection (d)(1)(I), by striking ‘‘; and’’ and inserting a semicolon;
(c) in subsection (d)(1)(J), by striking the period and inserting ‘‘;
and’’; and
(d) in subsection (d)(1), by inserting at the end the following new
subparagraph:
‘‘(K) assistance in the financing for necessary renovations to or other
capital expenses for any project receiving project-based voucher assistance pursuant to subsection (o) of this section, including the making
of upfront capital contributions to such projects where needed to make
financing feasible and the purchase or provision of letters of credit
or other credit enhancements necessary to carry out such subsection,
contributions to a common loan loss reserve account as established
by subsection (o)(5) of this section, and any contributions that the
Secretary may require for the initial administration of such subsection
(o) with respect to such project.’’.
SEC. 209. REPEAL OF FEDERALIZATION OF PUBLIC HOUSING UNITS.
(a) Section 9(n)(1) of the United States Housing Act of 1937 is
hereby repealed.
(b) Section 226 of the Department of Veterans Affairs and Housing
and Urban Development, and Independent Agencies Appropriations
Act, 1999, is hereby repealed.
(c) The amendment made by subsection (a) shall be deemed to
have taken effect on October 1, 1998.
(d) The amendment made by subsection (b) shall be deemed to
have taken effect on October 21, 1998.
SEC. 210. Section 8(y)(7)(A) of the United States Housing Act of
1937 is amended by striking ‘‘for fiscal year 2000 and each fiscal
year thereafter to the extent provided in advance in appropriations
Acts’’.
f

GENERAL FUND RECEIPT ACCOUNTS
(in millions of dollars)
2001 actual

Offsetting receipts from the public:
86–271910 FHA-general and special risk, Negative subsidies ..................................................................................
86–271930 FHA-general and special risk, Downward reestimates of subsidies .......................................................
86–274330 Indian housing loan guarantees, downward
reestimates of subsidies ....................................................
General Fund Offsetting receipts from the public .....................

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103
517

2002 est.

588

2003 est.

213

1,542 ...................

6 ................... ...................
626

2,130

213

Full text of Budget of the United States Government - Appendix : Fiscal Year 2003 : Department of Housing and Urban Development

FRASER