Full text of Budget of the United States Government - Appendix : Fiscal Year 2004 : 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 increase homeownership, support community development, and increase access to affordable housing free from discrimination. The 2004
Budget for HUD reflects the continuation of a multi-year comprehensive reform effort that will enhance the effectiveness
of programs, reduce high unobligated and obligated balances,
and return HUD to its core mission. Congress has provided
significant increases in several HUD programs over the past
several years.
The Department continues to emphasize expanding homeownership opportunities for all. In addition, borrowers who
because of poor credit would be served at higher cost by
the conventional market or not at all may take advantage
of a new FHA mortgage product that rewards ‘‘good behavior’’
by reducing borrower mortage insurance premiums by one
percentage point after a series of consecutive on-time mortgage payments. Housing counseling increases by $10 million.
Also, the HOME Investment Partnerships Program is increased by $113 million. This increase includes $200 million
for the down payment initiative. The 2004 budget continues
the expanded Self-Help Homeownership Opportunity Program
(SHOP) in an effort to accelerate home ownership by lowerincome families.
The 2004 budget proposes to allow housing authorities to
use up to $131 million to reform the public housing subsidy
system in a manner similar to the President’s 2003 proposal.
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 guarantee of up to 80 percent 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 propertyby-property basis and thus increase accountability for efficient
management. Many housing authorities will take advantage
of this voluntary initiative to improve living conditions for
their residents.
The 2004 Budget proposes the Housing Assistance for
Needy Families (HANF) program. Housing vouchers will be
converted to a State run block grant and will continue to
assist at least the same number of low-income families. Administration by states will better assist low-income households to locate decent, safe, and affordable housing by allowing them to tailor programs to fit the needs of particular
communities. Coordination by states with Temporary Assistance for Needy Families (TANF) programs will be encouraged
to better reach families transitioning from welfare to work.
States will provide better program administration adapted
to their needs, leading to better utilization of funds to help
more low-income households secure housing. 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).
HUD continues to focus on combating homelessness and
in addition eliminating chronic homelessness over a ten-year
period with $1.375 billion for the Homeless Assistance proVerDate Dec 13 2002

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gram overall. The effort includes a $50 million Samaritan
housing program that will be jointly administered with the
Departments of Health and Human Services and Veterans
Affairs focused on compassionate and effective assistance for
chronically homeless persons. Funding also supports a consolidated comprehensive homeless effort, including Shelter Plus
Care renewals, and support for the leadership of the Interagency Council on Homelessness.
The transfer of the Emergency Food and Shelter Program
from the Federal Emergency Management Agency (FEMA),
to HUD contributes to the ongoing effort to better coordinate
overall homeless program efforts.
Funding in the 2004 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.
With the publication of the National Discrimination Study
HUD now has the information necessary to improve enforcement, reduce discrimination and address accessibility issues.
The Community Development Block Grant program is funded at $4.7 billion with $4.4 billion for formula grants. The
CDBG Formula is significantly impacted by the Census and
other factors. The Department is pursuing proposals that
would better reflect current data, fiscal need, levels of poverty, and effective use of funds.
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 2004 budget includes a 10 percent increase in lead
hazard reduction grants to continue the 10-year program to
eradicate lead hazards in housing.
In order to ensure the effective implementation of its programs, the Department’s Office of Policy Development and
Research (PD&R) will be provided with funds necessary to
ensure timely provision of data, provide research and analysis
of national housing and economic conditions, and measure
the performance of programs, consistent with the Government
Performance and Results Act of 1994.
The Department will continue the management reform effort initiated in 2001 and undertake further efforts in 2004
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 ASSISTANCE FOR NEEDY FAMILIES
For activities and assistance under the United States Housing Act
of 1937, as amended (42 U.S.C. 1437 et seq.) (the ‘‘Act’’),
$8,335,201,000 to remain available until expended: Provided, That
$4,200,000,000 appropriated under the heading ‘‘Housing Certificate
Fund’’ for fiscal year 2003 that become available on October 1, 2003
shall be transferred to and merged with such amounts. Provided further, That the total of such amounts are available as follows:
(1) $11,481,616,000 for renewals of expiring section 8 subsidy contracts (including amendments and renewals of enhanced vouchers
under any provision of law authorizing such assistance under section
8(t) of the Act (42 U.S.C. 1437f(t)): Provided, That notwithstanding
Sfmt 3616

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HUD

475

476

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2004

General and special funds—Continued
HOUSING ASSISTANCE FOR NEEDY FAMILIES—Continued
any other provision of law, the Secretary shall renew expiring section
8 subsidy contracts for each public housing agency (PHA) based on
the most recent information the Secretary determines to be available
and reliable regarding the total number of unit months under lease
(and including (A) unit months representing units to be leased under
existing contracts or agreements to enter into contracts for PHA
project-based assistance, and (B) for agencies participating in the Moving to Work demonstration, unit months representing section 8 subsidy
contracts committed to fulfill requirements for specific numbers of
vouchers specified in existing agreements), and by applying an inflation factor based on local or regional factors to the actual per unit
cost reported.
(2) $609,000,000 for a central fund to be allocated by the Secretary
for the support of section 8 subsidy contracts or amendments to such
contracts, and for such other purposes as are set forth in this paragraph: Provided, That the Secretary may use amounts in such fund,
as necessary, for contracts or contract amendments resulting from
a significant change in the total number of unit months under lease,
a significant change in per-unit costs, or otherwise to provide funds
so that public housing agencies may lease units up to their allocation
baselines: Provided further, That the Secretary shall use amounts
in such fund to provide States with up to $100,000,000 as determined
by the Secretary, for costs associated with developing the capacity
of States to assume the administration of the Housing Assistance
for Needy Families program: Provided further, That the Secretary
shall use up to $36,000,000 in such fund for incremental vouchers
under section 8 of the Act to be used for non-elderly 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):
Provided further, That to the extent the Secretary determines that
amounts in such fund are sufficient for purposes set forth in the
three immediately preceding provisos, the Secretary may make any
remaining amounts in such fund available to States for section 8
tenant-based rental and homeownership assistance: Provided further,
That any State using amounts pursuant to the preceding proviso for
section 8 tenant-based rental and homeownership assistance, shall
administer such assistance in accordance with section 8 statutory
and regulatory requirements: Provided further, That a State may petition the Secretary, and the Secretary may waive any statutory or
regulatory provision pertaining to such rental or homeownership assistance and may make provision for alternative conditions or terms
where appropriate where the Secretatry determines that such waiver
will improve performance relative to the objectives of such assitance
when administered by a State: Provided further, That a State may
petition the Secretary with respect to rental or homeownership assistance administered by a public housing agency in the State, and the
Secretary may waive any regulation pertaining to such assistance
and may make provision for alternative conditions or terms where
appropriate where the Secretary determines that such waiver will improve performance relative to the objectives of such assistance: Provided further, That the Secretary may allocate and distribute any
such remaining amounts to States or public housing agencies notwithstanding section 213(d) of the Housing and Community Development
Act of 1974.
(3) $252,203,000 for section 8 rental assistance for relocation and
replacement of housing units that are demolished or disposed of pursuant to the Omnibus Consolidated Recissions and Appropriations Act
of 1996 (Public Law 104–134), conversion of section 23 projects to
assistance under section 8, the family unification program under section 8(x) of the Act, relocation of witnesses in connection with efforts
to combat crime in public and assisted housing pursuant to a request
from a law enforcement or prosecution agency, enhanced vouchers
under any provision of law authorizing such assistance under section
8(t) of the Act (42 U.S.C. 1437f(t)), and tenant protection assistance,
including replacement and relocaiton assistance.
(4) $72,000,000 for Family Self-Sufficiency Coordinators.
(5) $1,192,382,000 for administrative and other expenses of public
housing agencies in administering the section 8 tenant-based rental
assistance program: Provided, That, notwithstanding any other provision of law, administrative fees shall be paid only for dwelling untis
covered by a section 8 housing assistance payments contract and such
fees shall be paid at a rate that for each public housing agency
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shall not exceed 10 percent of the total annual budget authority applicable for rental and homeownership assistance to such units leased
by the public housing agency: Provided further, That all such administrative fee amounts provided under this paragraph shall be only for
activities related to the provision of rental and homeownership assistance under section 8:
Provided further, That upon advance notice to the Committees on
Appropriations the Secretary may transfer funds provided under paragraphs (1), (2) or (5) among such paragraphs, if the Secretary determines that such action is necessary because the funding authorized
under one such paragraph otherwise would be depleted and as a
result, the maximum utilization of section 8 tenant-based assistance
with the funds appropriated for this purpose by this Act would not
be feasible: Provided further, That, hereafter, the Secretary shall require public housing agencies to submit accounting data for funds
disbursed under this heading by source of funds: Provided further,
That an additional $4,200,000,000 shall be available on October 1,
2004 and remain available until expended: Provided further, That
$1,072,000,000 from unobligated balances remaining from funds appropriated to the Department of Housing and Urban Development
under the heading ‘‘Housing certificate fund’’ or the heading ‘‘Annual
contribution for assisted housing’’ shall be transferred to and merged
with the amounts provided under this heading.
Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0332–0–1–604

2003 est.

2004 est.

00.01

Obligations by program activity:
Rental assistance Block Grant ...................................... ................... ...................

13,607

10.00

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

13,607

22.00
22.22

Budgetary resources available for obligation:
New budget authority (gross) ........................................ ................... ...................
Unobligated balance transferred from other accounts ................... ...................

12,535
1,072

23.90
23.95

13,607
¥13,607

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation ............................................................. ................... ...................
55.00
Advance appropriation .............................................. ................... ...................

8,335
4,200

70.00

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

12,535

73.10
73.20
74.40

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

13,607
¥6,086
7,521

86.90
86.93

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

5,014
1,072

87.00

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

6,086

89.00
90.00

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

12,535
6,086

Housing Assistance for Needy Families. This proposal establishes a new block grant program to States called Housing
Assistance for Needy Families (HANF). The Department will
be submitting a comprehensive legislative proposal to authorize this proposal. When the proposed legislation is adopted,
this block grant program will replace the current tenant-based
Housing Choice Voucher Program. Converting the current
program to a block grant approach is necessary to improve
the delivery of rental and homeownership subsidies for lowincome families and eliminate the significant utilization and
recapture problems that plague the current tenant-based program.
Fiscal year 2004 will be a transitional year in which HUD
will provide voucher payments directly to Public Housing
Agencies (PHAs) currently managing the program to cover
units leased. HUD will also remit payment to PHAs for adSfmt 3616

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HUD

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

ministrative fees. States will use fiscal year 2004 as the transition year to ramp up with staff and systems.
A Central Fund will be available for use to: (1) fund State
start-up costs; (2) support leasing up to the baseline; (3) and
fund additional units in PHAs or States that have utilized
one hundred percent of allocated funds.
Contract Renewals. Contract renewals provide funding to
renew expiring rental assistance contracts covering certificates, vouchers (including project-based vouchers), and moderate rehabilitation. The account also includes $72 million
in funding for Family Self-Sufficiency Coordinators.
Incremental Rental Assistance.—For 2004, the Department
is requesting $36 million in budget authority for approximately 5,500 vouchers for persons with disabilities. Additional
funding for tenant-based housing assistance may become
available in the central reserve fund.
PIH Tenant Protection Vouchers.—The Housing Assistance
for Needy Families account will continue to support 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 improvements through no fault of their own, will continue to be eligible to receive relocation/replacement vouchers.
Housing Tenant Protection Vouchers.—The Housing Assistance for Needy Families account will also continue 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 owner’s decision to prepay their mortgage or
opt-out of project-based section 8 contracts, be aided through
HANF.
Proposed minimum rent.—A new minimum rent of $50 a
month is proposed for recipients of low-income housing assistance. This would apply to households headed by an ablebodied working age individual. It is intended to promote work
and increase equity in the treatment of recipient households
with similar needs.
PROJECT-BASED RENTAL ASSISTANCE
(INCLUDING

TRANSFER AND RESCISSION OF FUNDS)

For assistance under the United States Housing Act of 1937, as
amended (42 U.S.C. 1437 et seq.) (‘‘Act’’) not otherwise provided for,
$4,823,405,379 and amounts recaptured in this account, to remain
available until expended; of which up to $100,000,000 is for contract
administrators; of which no less than $3,010,000 shall be transferred
to the Working Capital fund for development of and modifications
to information technology systems which serve programs or activities
under this heading and under ‘‘Housing Assistance for Needy Families’’; and of which $4,720,395,379 is for expiring project-based section
8 subsidy contracts, for amendments to project-based section 8 subsidy
contracts, and for contracts entered into pursuant to section 441 of
the McKinney-Vento Homeless Assistance Act, and for 1-year renewals
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, That $300,000,000 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 2003 and prior years, to be effected
by the Secretary no later than September 30, 2004: 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: Provided
further, That any obligated balances of contract authority that have
been terminated shall be canceled.
Note.—A regular 2003 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 107–229, as amended). The amounts included for 2003 in this budget reflect the
Administration’s 2003 policy proposals.

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477

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0319–0–1–604

00.01
00.02
00.03
00.04
00.05
00.06
00.08
00.09
00.11
00.12
00.13
00.14
00.15
00.17

2003 est.

2004 est.

Obligations by program activity:
Contract renewals ..........................................................
15,573
17,272
4,720
Contract Administrator ..................................................
148
289
100
Rental Assistance ..........................................................
145
388 ...................
Preservation Amendment ............................................... ...................
2 ...................
Section 514 Technical Assistance .................................
8 ................... ...................
Non-Elderly Disabled ......................................................
40
40 ...................
Regional Opportunity Counseling ..................................
10 ................... ...................
Section 8 Amendment ....................................................
359
23 ...................
Incremental vouchers .....................................................
104
164 ...................
Other .............................................................................. ...................
2 ...................
Job Plus .......................................................................... ...................
6 ...................
Working Capital Fund ....................................................
13
3
3
Section 8 Counseling .....................................................
1
2 ...................
Home (City of New Rochelle) .........................................
6 ................... ...................

10.00

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

16,407

18,191

4,823

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
1,676
1,738
1,072
New budget authority (gross) ........................................
13,948
16,427
4,523
Resources available from recoveries of prior year obligations .......................................................................
2,539
1,100
300
22.21 Unobligated balance transferred to other accounts ................... ...................
¥1,072
22.75 Balance of contract authority withdrawn ......................
¥17 ................... ...................
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 .......

18,146
¥16,407
1,738

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

11,336
¥1,588

43.00
55.00
60.00
60.49

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

62.50

9,748
4,200
5,105
¥5,105

19,265
4,823
¥18,191
¥4,823
1,072 ...................

13,327
¥1,100

4,823
¥300

12,227
4,523
4,200 ...................
5,000
¥5,000

5,000
¥5,000

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

70.00

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

13,948

16,427

4,523

72.40
73.10
73.20
73.45
74.40

42,520
16,407
¥18,499
¥2,539
37,889

37,889
18,191
¥19,874
¥1,100
35,106

35,106
4,823
¥14,369
¥300
25,260

86.90
86.93

Outlays (gross), detail:
Outlays from new discretionary authority ..................... ...................
Outlays from discretionary balances .............................
18,499

1,917
17,957

623
13,746

87.00

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

18,499

19,874

14,369

89.00
90.00

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

13,948
18,499

16,427
19,874

4,523
14,369

This account was formerly known as the Housing Certificate Fund. Beginning in 2004, all new activity under the
Housing Choice Voucher Program is funded under ‘‘Housing
Assistance for Needy Families.’’ Funding requested in 2004
under this account is only for project-based rental assistance
contract renewals and supporting activities in contract administration and information technology spending under the
Working Capital Fund. Spending from obligated balances resulting from Housing Certificate Fund appropriations in 2003
and prior will continue to be shown under this account.
Contract Renewals. Contract renewals provide funding to
renew expiring Section 8 rental assistance contracts covering
Loan Management, New Construction/Substantial Rehabilitation, Property Disposition, and Preservation, and contracts
authorized under section 441 of the McKinney-Vento Homeless Assistance Act.
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HUD

478

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2004
$40,000,000; for demolition, site revitalization, replacement housing,
and tenant-based assistance grants, $30,000,000: Provided, That no
funds may be used under this heading for the purposes specified
in section 9(k) of the Act.

General and special funds—Continued
PROJECT-BASED RENTAL ASSISTANCE—Continued
(INCLUDING

TRANSFER AND RESCISSION OF FUNDS)—Continued

Note.—A regular 2003 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 107–229, as amended). The amounts included for 2003 in this budget reflect the
Administration’s 2003 policy proposals.

Status of Contract Authority (in millions of dollars)
2002 actual

Identification code 86–0319–0–1–604

0400
0600

2003 est.

2004 est.

¥5,105
¥5,000
¥5,000
¥17 ................... ...................

Appropriation to liquidate contract authority ................
Balance of contract authority withdrawn ......................

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0304–0–1–604

2003 est.

2004 est.

MOVING

WORK

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0331–0–1–451

72.40
73.20
74.40

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

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

89.00
90.00

3
¥1
2

2003 est.

2004 est.

2
1
¥1
¥1
1 ...................

The Moving-to-Work demonstration provides unprecedented
autonomy and flexibility to a select group of high-performing
public housing authorities (PHAs) in order to assess the potential impacts of Federal deregulation on resident households, housing developments, and local housing programs.
Through waivers of requirements of the 1937 Housing Act,
as amended, and related Federal regulations, participating
PHAs can combine Federal funding allocated for public housing operating subsidy, capital subsidy, and Section 8 vouchers
into a flexible housing assistance fund. PHAs may provide
incentives to families that work, are seeking work, or are
preparing for work, PHAs are also allowed to change administrative procedures and management policies so they can reallocate resources to better address local housing needs and
priorities. No additional funding is being requested for this
demonstration.

00.01
00.02
00.03
00.04
00.05
00.06
00.07
00.08
10.00

(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) (the ‘‘Act’’), $2,641,000,000, to remain available
until September 30, 2007; of which up to the specified following
amounts shall be available as provided herein: for section 9(h) of
such Act, $50,000,000, 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 partial guarantees of loans to finance 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, $131,000,000; 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, no less than $10,610,000 to be transferred to
the Working Capital Fund; to make grants to public housing agencies
for emergency capital needs and natural disasters in fiscal year 2004,
$40,000,000; 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,
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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

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 .............................................................
Mandatory:
60.00
Appropriation .............................................................
60.49
Portion applied to liquidate contract authority ........
62.50

2,801

3,060

2,718

696
2,843

751
2,426

117
2,641

35 ................... ...................
¥22 ................... ...................
3,552
¥2,801
751

3,177
¥3,060
117

2,758
¥2,718
40

2,843

2,426

2,641

500
¥500

589
¥589

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

70.00

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

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

164
3,603

161
3,440

172
3,636

87.00

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

3,767

3,601

3,808

89.00
90.00

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

2,843
3,767

2,426
3,601

2,641
3,808

PUBLIC HOUSING CAPITAL FUND

Obligations by program activity:
Capital Grants ...............................................................
2,678
2,891
2,577
Emergency/Disaster ........................................................
12
40
40
Technical Assistance .....................................................
37
45
50
Working Capital Fund ....................................................
53
19
11
Neighborhood Network Initiative ....................................
12
10 ...................
Resident Opportunities and Supportive Services .......... ...................
55
40
Tenant Opportunity Programs ........................................
8 ................... ...................
Public Housing Amendments .........................................
1 ................... ...................

2,843

2,426

2,641

11,996
10,995
10,454
2,801
3,060
2,718
¥3,767
¥3,601
¥3,808
¥35 ................... ...................
10,995
10,454
9,362

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 $2.6 billion requested for the Public Housing Capital
Fund, approximately $2.3 billion is provided to cover annual
accrual needs. Up to $131 million may be used for partial
loan guarantees 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 $40 million to provide supportive
services to public housing residents under the Resident Opportunities and Supportive Services (ROSS) program, up to
$40 million for emergencies or disasters, up to $50 million
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HUD

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

for technical assistance, up to $30 million for demolition, site
revitalization, replacement housing, and tenant based assistance grants, and no less than $10.61 million for the Working
Capital Fund.
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 guarantee of 80 percent 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 propertyby-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 partial loan guarantees; and authorizes the use of up-front capital contributions where necessary.
Status of Contract Authority (in millions of dollars)
2002 actual

Identification code 86–0304–0–1–604

0400
0600

Appropriation to liquidate contract authority ................
Balance of contract authority withdrawn ......................

2003 est.

2004 est.

¥500
¥589
¥589
¥22 ................... ...................

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

479

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0163–0–1–604

00.01
00.02
00.03

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

10.00

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

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

2003 est.

2004 est.

3,621
3,546
3,574
5 ................... ...................
10
10 ...................
3,636

3,556

3,574

141
3,495

26 ...................
3,530
3,574

26 ................... ...................
3,662
3,556
3,574
¥3,636
¥3,556
¥3,574
26 ................... ...................

3,495

3,530

3,574

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

1,842
1,793

1,805
1,652

1,823
1,742

87.00

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

3,635

3,457

3,565

89.00
90.00

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

3,495
3,635

3,530
3,457

3,574
3,565

1,683
1,658
1,757
3,636
3,556
3,574
¥3,635
¥3,457
¥3,565
¥26 ................... ...................
1,658
1,757
1,766

215901 Total loan guarantee levels ........................................... ................... ...................
Guaranteed loan subsidy (in percent):
232001 Public Housing Reform Initiative ................................... ................... ...................

1,715

232901 Weighted average subsidy rate ..................................... ................... ...................
Guaranteed loan subsidy budget authority:
233001 Public Housing Reform Initiative ................................... ................... ...................

7.66

Operating subsidies are provided to public housing authorities (PHAs) to assist in funding the operation and maintenance expenses of public housing units in accordance with
Section 9(e) of the United States Housing Act of 1937, as
amended.
The following tables display the sources of housing authorities’ expected revenue and expenditures by category. The distribution is based on historical data reported by housing authorities to HUD on the Statement of Operating Receipts
and Expenditures.

131

Sources of Housing Authorities’ Operating Revenue (in millions of dollars)

233901 Total subsidy budget authority ...................................... ................... ...................
Guaranteed loan subsidy outlays:
234001 Public Housing Reform Initiative ................................... ................... ...................

131

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

2002 actual

Identification code 86–0304–0–1–604

2003 est.

Guaranteed loan levels supportable by subsidy budget
authority:
215001 Public Housing Reform Initiative ................................... ................... ...................

2004 est.

1,715

7.66

Category

Annual
income

Percent of
total

Operating Subsidies .......................................................................................
Dwelling Rental ..............................................................................................
Investment .....................................................................................................
Other Income ..................................................................................................

$3,559
2,618
269
269

53%
39%
4%
4%

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

6,715

100%

PUBLIC HOUSING OPERATING FUND
(INCLUDING

TRANSFER OF FUNDS)

For 2004 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)), $3,574,000,000, to remain available until September 30,
2005; of which $15,000,000 shall be for supportive services, service
coordinators and congregate services as authorized by section 34 of
the Act and the Native American Housing Assistance and Self-Determination Act of 1996: Provided, That in 2004 and hereafter, no
amounts provided under this header may be used for payments to
public housing agencies for the costs of operation and management
of public housing in any year prior to the current year.
Note.—A regular 2003 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 107–229, as amended). The amounts included for 2003 in this budget reflect the
Administration’s 2003 policy proposals.

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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.
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HUD

480

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2004

86.93

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

89.00
90.00

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

General and special funds—Continued
PUBLIC HOUSING OPERATING FUND—Continued
(INCLUDING

TRANSFER OF FUNDS)—Continued

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

Annual
expenditures

1,477
1,813
537
2,417
134
201
67
67

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

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

6,715

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.
f

(INCLUDING

FOR

200

¥11 ................... ...................
325
200
74

Percent of
total

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

DRUG ELIMINATION GRANTS

325

LOW-INCOME HOUSING

TRANSFERS OF FUNDS)

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)

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0218–0–1–604

00.01
00.02
00.05

Obligations by program activity:
Direct Program Activity ..................................................
569
Technical Assistance .....................................................
7
Neighborhood Networks .................................................. ...................

2003 est.

2004 est.

580
6
5

557
6
5

576

591

568

581
574

587
570
574 ...................

10.00

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

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 .......

1,163
¥576
587

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

574

8 ................... ...................
1,161
¥591
570

570
¥568
2

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0197–0–1–604

2003 est.

2004 est.

Obligations by program activity:
00.01 Direct program ...............................................................
92
00.02 Federally Assisted Housing ............................................
17
00.03 Operation Safe Home ..................................................... ...................
00.04 New Approach Anti-Drug Program .................................
21

24
3
9
3

10.00

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

39 ...................

21.40
22.00
22.10

23.90
23.95
24.40

130

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

171
39 ...................
¥11 ................... ...................

169
39 ...................
¥130
¥39 ...................
39 ................... ...................

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

¥11 ................... ...................

490
286
125
130
39 ...................
¥325
¥200
¥74
¥9 ................... ...................
286
125
51

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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
465

6 ...................
540
609

87.00

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

466

546

89.00
90.00

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

574
466

574 ...................
546
609

2,579
2,681
2,726
576
591
568
¥466
¥546
¥609
¥8 ................... ...................
2,681
2,726
2,685

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

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

72.40
73.10
73.20
73.45
74.40

574 ...................

PO 00000

Frm 00006

Fmt 3616

609

No additional funds are requested for this program in 2004.
This program utilized Federal resources to rehabilitate and
restore severely distressed public housing projects, thereby
expanding the supply of decent, safe, and affordable housing
for low-income individuals and families. The funds were used
for project demolition, hard replacement units, and tenantbased rental assistance.
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HUD

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
NATIVE AMERICAN HOUSING BLOCK GRANTS
(INCLUDING

89.00
90.00

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.),
$646,600,000, to remain available until expended, of which $5,000,000
shall be to support the inspection of Indian housing units, contract
expertise, training, and technical assistance in the training, oversight,
and management of Indian housing and tenant-based assistance, including up to $300,000 for related travel; and of which no less than
$2,720,000 shall be transferred to the Working Capital Fund for 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, $1,000,000
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 $8,049,242: 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 $150,000 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.
Note.—A regular 2003 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 107–229, as amended). The amounts included for 2003 in this budget reflect the
Administration’s 2003 policy proposals.

General Fund Credit Receipt Accounts (in millions of dollars)
2002 actual

Identification code 86–0313–0–1–604

0100

2003 est.

Negative subsidies/subsidy reestimates ....................... ...................

2004 est.

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

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0313–0–1–604

2003 est.

2004 est.

00.01
00.02
00.03
00.04

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

691
6
4
3

641
2
3
1

10.00

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

704

647

21.40
22.00
22.10

187
649

139
647

23.90
23.95
24.40

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

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

843
¥704
139

786
¥647
139

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

649

647

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

1,034
1,018
925
704
647
647
¥713
¥740
¥820
¥7 ................... ...................
1,018
925
752

86.90
86.93

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

113
600

113
627

113
707

87.00

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

713

740

820

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

649
713

481
647
740

647
820

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
2002 actual

Identification code 86–0313–0–1–604

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

2003 est.

2004 est.

11.07

10.56

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

11.07

10.56

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

234901 Total subsidy outlays .....................................................
6
Guaranteed loan downward reestimate subsidy budget
authority:
237001 Title VI ............................................................................ ...................

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

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

237901 Total downward reestimate subsidy budget authority ...................
Guaranteed loan downward reestimate subsidy outlays:
238001 Title VI ............................................................................ ...................

¥1 ...................

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

¥1 ...................

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 $8 million is proposed for this loan guarantee program
for 2004. The subsidy rate for this program is set at 10.56
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.
Note.—A regular 2003 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 107–229, as amended). The amounts included for 2003 in this budget reflect the
Administration’s 2003 policy proposals.

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HUD

482

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2004

General and special funds—Continued
NATIVE HAWAIIAN HOUSING BLOCK GRANT—Continued

69.00

Offsetting collections (cash) .........................................

70.00

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

115

114

72.40
73.10
73.20
74.40

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

682
7
¥92
597

597
40
¥115
522

522
30
¥114
438

86.97

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

115

114

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0235–0–1–604

2003 est.

2004 est.

00.01

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

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

10
10
¥11
9

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

¥71
¥75
¥84
¥1 ................... ...................

88.90

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

¥72

¥75

¥84

89.00
90.00

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

25
20

40
40

30
30

Status of Direct Loans (in millions of dollars)
Outlays (gross), detail:
86.90 Outlays from new discretionary authority ..................... ................... ...................
86.93 Outlays from discretionary balances ............................. ................... ...................

1
10

Identification code 86–4098–0–3–604

87.00

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

1210
1251

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

1,280
¥71

1,209
¥75

1,134
¥84

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................ ...................
10
Outlays ........................................................................... ................... ...................

10
11

1290

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

1,209

1,134

1,050

2002 actual

2003 est.

2004 est.

Status of Guaranteed Loans (in millions of dollars)

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

AND

OTHER EXPENSES

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–4098–0–3–604

2003 est.

2004 est.

09.01

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
97
¥90

20
115
¥74

21
114
¥79

23.90
23.95
24.40

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

27
¥7
20

61
¥40
21

56
¥30
26

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

Frm 00008

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VerDate Dec 13 2002

15:14 Jan 23, 2003

Jkt 193833

2002 actual

Identification code 86–4098–0–3–604

2003 est.

2004 est.

2210
2251

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

2,464
¥275

2,189
¥280

1,909
¥280

2290

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

2,189

1,909

1,629

2299

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

2,189

1,909

1,629

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 2002, an estimated $40 million will be borrowed from the Treasury and forgiven in 2003, and an estimated $30 million will be borrowed from the Treasury and
forgiven in 2004.
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 2001, 2002, 2003 and 2004 follows:
Statement of Operations (in millions of dollars)

PO 00000

2001 actual

2002 actual

0101
0102

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

89
–91

92
–91

0105

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

–2

Identification code 86–4098–0–3–604

Sfmt 3633

E:\BUDGET\HUD.XXX

HUD

2003 est.

2004 est.

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

2001 actual

Identification code 86–4098–0–3–604

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

702

2002 actual

2003 est.

617

1,282
80

1,210
75

–1

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

1,361

1,285

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

1,361

1,285

Total assets ........................................
LIABILITIES:
Federal liabilities:
2102
Interest payable ..................................
2104
Resources payable to Treasury ...........
2207 Non-Federal liabilities: Other ..................

2,063

1,902

151
1,279
2

147
1,207
2

2999

1,432

1,356

636
–5

551
–5

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

631

546

4999

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

2,063

1,902

Credit accounts:
INDIAN HOUSING LOAN GUARANTEE FUND PROGRAM ACCOUNT
TRANSFER OF FUNDS)

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), $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 $27,472,528.
In addition, for administrative expenses to carry out the guaranteed
loan program, up to $250,000 from amounts in the first paragraph,
which shall be transferred to and merged with the appropriation
for ‘‘Salaries and expenses’’, to be used only for the administrative
costs of these guarantees.
Note.—A regular 2003 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 107–229, as amended). The amounts included for 2003 in this budget reflect the
Administration’s 2003 policy proposals.

General Fund Credit Receipt Accounts (in millions of dollars)
2002 actual

Identification code 86–0223–0–1–371

0101

¥9
25

¥1
25

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

2003 est.

Indian housing loan guarantee fund, downward reestimates of subsidies .................................................... ...................

2004 est.

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

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0223–0–1–371

2003 est.

89.00
90.00

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

6
1

5
4

1
5

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
2002 actual

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

10.00

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

234

197

2.47

2.43

2.73

232901 Weighted average subsidy rate .....................................
Guaranteed loan subsidy budget authority:
233001 Indian Housing Loan Guarantee ....................................

2.47

2.43

2.73

233901 Total subsidy budget authority ......................................
Guaranteed loan subsidy outlays:
234001 Indian Housing Loan Guarantee ....................................

234901 Total subsidy outlays .....................................................
1
Guaranteed loan downward reestimate subsidy budget
authority:
237001 Indian Housing Loan Guarantee .................................... ...................

15:14 Jan 23, 2003

Jkt 193833

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

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

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

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

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 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.
INDIAN HOUSING LOAN GUARANTEE FUND FINANCING ACCOUNT
Program and Financing (in millions of dollars)

22
6

29
5

25
1

00.01
08.02

2002 actual

2003 est.

2004 est.

Obligations by program activity:
Direct Program Activity (Default Claims) ......................
1 ................... ...................
Downward subsidy rate reestimate ............................... ...................
1 ...................

2 ................... ...................
10.00

VerDate Dec 13 2002

2004 est.

234

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

Identification code 86–4104–0–3–604

Total budgetary resources available for obligation

2003 est.

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

23.90

1 ...................
3
5

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

2004 est.

00.02

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

3
1
5
1
9
1
¥1
¥4
¥5
¥2 ................... ...................
1
5
1

87.00

Identification code 86–0223–0–1–371

3999

(INCLUDING

¥1
29

2004 est.

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

1999

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

23.95
24.40

Balance Sheet (in millions of dollars)

483

30
PO 00000

Frm 00009

Fmt 3616

Sfmt 3643

Total new obligations (object class 33.0) ................
E:\BUDGET\HUD.XXX

HUD

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

484

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2004

Credit accounts—Continued

Balance Sheet (in millions of dollars)

INDIAN HOUSING LOAN GUARANTEE FUND FINANCING ACCOUNT—
Continued
Program and Financing (in millions of dollars)—Continued
2002 actual

Identification code 86–4104–0–3–604

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

6
¥1

23.90
23.95
24.40

5
¥1
5

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

2003 est.

2001 actual

2002 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 ............

Identification code 86–4104–0–3–604

2003 est.

2004 est.

5
3

7
3

8
10
¥1 ...................
7
10

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

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

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

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 .......

89.00
90.00

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

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

¥1

¥3

Status of Guaranteed Loans (in millions of dollars)
2002 actual

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

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 ......................................
2263 Adjustments: Terminations for default that result in
claim payments .........................................................
2290

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

2299

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

2003 est.

234
272
¥505

197
505
¥682

27
682
¥686

1
1

20
20

23
23

66
1
¥8

58
10
¥9

57
19
¥11

¥1

¥2

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PO 00000

Frm 00010

TRANSFER OF FUNDS)

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0233–0–1–371

2003 est.

2004 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) ........................................
1

1
1

23.90
23.95
24.40

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

2
¥1
1

73.10
73.20

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

1
¥1

86.93

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

89.00
90.00

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

1
1

2004 est.

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

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.
VerDate Dec 13 2002

(INCLUDING

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 $35,347,985.
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.

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

Net financing authority and financing disbursements:
Financing authority ........................................................ ................... ................... ...................
Financing disbursements ...............................................
¥1
¥3
¥3

Identification code 86–4104–0–3–604

NATIVE HAWAIIAN HOUSING LOAN GUARANTEE FUND PROGRAM
ACCOUNT

Fmt 3616

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
2002 actual

Identification code 86–0233–0–1–371

Guaranteed loan levels supportable by subsidy budget
authority:
215001 Native Hawaiian Housing ..............................................
215901 Total loan guarantee levels ...........................................
Guaranteed loan subsidy (in percent):
232001 Native Hawaiian Housing ..............................................
Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

2003 est.

2004 est.

2.47

2.43

2.73

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
232901 Weighted average subsidy rate .....................................
Guaranteed loan subsidy budget authority:
233001 Native Hawaiian Housing ..............................................

485

2.47

2.43

2.73

Identification code 86–4351–0–3–371

2001 actual

2002 actual

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

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

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

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

1999

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

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

2999

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

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

4999

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

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

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.
f

Balance Sheet (in millions of dollars)

TITLE VI INDIAN FEDERAL GUARANTEES FINANCING ACCOUNT

Program and Financing (in millions of dollars)
2002 actual

21.40
22.00
23.90
24.40

Program and Financing (in millions of dollars)
2003 est.

2004 est.

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

Status of Guaranteed Loans (in millions of dollars)
2002 actual

2150
2199

2210
2231
2251

2003 est.

1
1

2
2

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

1
2
¥1

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

2299

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

VerDate Dec 13 2002

15:14 Jan 23, 2003

Jkt 193833

PO 00000

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

23.90
23.95
24.40

73.10

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

1
6

8
3

Total budgetary resources available for obligation
7
Total new obligations .................................................... ...................
Unobligated balance carried forward, end of year .......
8

10
2

11
12
¥1 ...................
10
12

Frm 00011

Fmt 3616

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

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

89.00
90.00
35
79
¥112

2290

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

2004 est.

40
40
¥79

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

10.00

¥1

Net financing authority and financing disbursements:
89.00 Financing authority ........................................................ ................... ................... ...................
90.00 Financing disbursements ............................................... ...................
¥1
¥1

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

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

New financing authority (gross), detail:
Discretionary:
68.00
Spending authority from offsetting collections
(gross): Offsetting collections (cash) ...................
¥1

2004 est.

Obligations by program activity:
Downward Reestimate ................................................... ...................

21.40
22.00

2003 est.

08.02

2
1

2002 actual

Identification code 86–4244–0–3–604

1
1

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

Identification code 86–4351–0–3–371

2004 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 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.

NATIVE HAWAIIAN HOUSING LOAN GUARANTEE FUND FINANCING
ACCOUNT

Identification code 86–4351–0–3–371

2003 est.

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

¥6

¥3

¥2

Status of Guaranteed Loans (in millions of dollars)
2002 actual

Identification code 86–4244–0–3–604

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

2210
2231
2251

2003 est.

2004 est.

53
193
¥191

17
191
¥191

8
191
¥187

55
44

17
14

12
10

Cumulative balance of guaranteed loans outstanding:
Outstanding, start of year .............................................
10
Disbursements of new guaranteed loans ......................
55
Repayments and prepayments ...................................... ...................

65
14
¥2

76
10
¥5

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

Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

486

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2004

Credit accounts—Continued

Status of Guaranteed Loans (in millions of dollars)

TITLE VI INDIAN FEDERAL GUARANTEES FINANCING ACCOUNT—
Continued

2002 actual

2263

2003 est.

Adjustments: Terminations for default that result in
claim payments ......................................................... ...................

2290

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

2299

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

2004 est.

¥1

Balance Sheet (in millions of dollars)
2001 actual

Identification code 86–4244–0–3–604

2002 actual

2003 est.

2004 est.

Position with respect to appropriations act limitation
on commitments:
2111 Limitation on guaranteed loans made by private lenders .............................................................................. ................... ...................
1,715
2121 Limitation available from carry-forward ....................... ................... ................... ...................
2143 Uncommitted limitation carried forward ....................... ................... ................... ...................

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

2002 actual

Identification code 86–4352–2–3–371

2150
2199

2210
2231
2251
2263

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

1999

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

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

2999

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

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

3999

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

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

1,715
1,372

................... ................... ...................
................... ...................
86
................... ...................
¥2
................... ................... ...................

2290

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

2299

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

2004 est.

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

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

COMMUNITY PLANNING AND DEVELOPMENT
Federal Funds

4999

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

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

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.

General and special funds:
HOUSING OPPORTUNITIES

FOR

PERSONS

WITH

AIDS

For carrying out the Housing Opportunities for Persons with AIDS
program, as authorized by the AIDS Housing Opportunity Act (42
U.S.C. 12901 et seq.), $297,000,000, to remain available until September 30, 2005: 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
$3,000,000 of the funds under this heading for training, oversight,
and technical assistance activities.
Note.—A regular 2003 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 107–229, as amended). The amounts included for 2003 in this budget reflect the
Administration’s 2003 policy proposals.

Program and Financing (in millions of dollars)
PUBLIC HOUSING, REFORM INITIATIVE GUARANTEED LOAN
FINANCING ACCOUNT

2003 est.

2004 est.

(Legislative proposal, not subject to PAYGO)

00.01

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

276

383

297

Program and Financing (in millions of dollars)

10.00

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

276

383

297

21.40
22.00
22.10

88
277

91 ...................
292
297

2002 actual

Identification code 86–4352–2–3–371

2003 est.

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

89.00
90.00

2002 actual

Identification code 86–0308–0–1–604

2004 est.

7
7

23.90
23.95
24.40
7

¥7

This proposal is described under the Public Housing Capital
Fund.
VerDate Dec 13 2002

15:14 Jan 23, 2003

Jkt 193833

PO 00000

Frm 00012

Fmt 3616

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

Sfmt 3643

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HUD

1 ................... ...................
366
383
297
¥276
¥383
¥297
91 ................... ...................

277

292

297

439
399
490
276
383
297
¥314
¥292
¥311
¥1 ................... ...................
399
490
476

2
312

12
280

12
299

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
87.00

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

314

292

311

89.00
90.00

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

277
314

292
292

297
311

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 $3 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 2004 will
support an additional 1,250 households, for a total of approximately 74,250 housing units for persons with HIV/AIDS and
their families.
f

COMMUNITY DEVELOPMENT 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, $4,716,000,000, to remain available until September
30, 2006, of which Provided, That of the amount provided,
$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.); $72,500,000 shall be for grants to Indian tribes notwithstanding section 106(a)(1) of such Act; $3,000,000 shall be for a grant
to the Housing Assistance Council; $2,200,000 shall be for a grant
to the National American Indian Housing Council; and $37,900,000
shall be for grants pursuant to section 107 of the Act, of which
$2,400,000 shall be to support Alaska Native serving institutions and
Native Hawaiian serving institutions as defined under the Higher
Education Act, as amended, $3,000,000 shall be for tribal colleges
and universities to build, expand, renovate and equip their facilities,
and not less than $3,000,000 shall be for technical assistance pursuant
to section 107(b)(4) of the Act; of which no less than $4,900,000 shall
be transferred to the Working Capital Fund for the development of
and modification to information technology systems: which serve programs or activities under ‘‘Community Planning and Development’’;
and of which $65,000,000 shall be for grants pursuant to the Self
Help Homeownership Opportunity Program, including $3,000,000
shall be for technical assistance: Provided, 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 under this heading, $29,500,000 shall be for capacity
building, of which $25,000,000 shall be for Capacity Building for
Community Development and Affordable Housing for LISC and the
Enterprise Foundation for activities as authorized by section 4 of
the HUD Demonstration Act of 1993 (42 U.S.C. 9816 note), as in
effect immediately before June 12, 1997, with not less than $5,000,000
of the funding to be used in rural areas, including tribal areas, and
of which $4,500,000 shall be for capacity building activities administered by Habitat for Humanity International.
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
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487

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.
Note.—A regular 2003 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 107–229, as amended). The amounts included for 2003 in this budget reflect the
Administration’s 2003 policy proposals.

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0162–0–1–451

2003 est.

2004 est.

00.01
00.02
00.03

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

5,042
2,700
14

4,742
4,746
783 ...................
3
5

10.00

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

7,756

5,528

4,751

1,026
7,783

1,747
4,716

935
4,716

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority (gross) ........................................
Resources available from recoveries of prior year obligations .......................................................................
22.22 Unobligated balance transferred from other accounts
21.40
22.00
22.10

23.90
23.95
23.98
24.40

3 ................... ...................
700 ................... ...................

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

9,512
6,463
5,651
¥7,756
¥5,528
¥4,751
¥9 ................... ...................
1,747
935
900

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

5,000
4,716
4,716
2,783 ................... ...................

43.00

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

7,783

72.40
73.10
73.20
73.40
73.45
74.40

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

86.90
86.93

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

111
5,318

94
6,556

94
6,030

87.00

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

5,429

6,650

6,124

89.00
90.00

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

7,783
5,429

4,716
6,650

4,716
6,124

4,716

9,091
11,409
10,287
7,756
5,528
4,751
¥5,429
¥6,650
¥6,124
¥6 ................... ...................
¥3 ................... ...................
11,409
10,287
8,914

Summary of Budget Authority and Outlays
(in millions of dollars)
2002 actual
2003 est.
Enacted/requested:
Budget Authority .....................................................................
7,783
4,716
Outlays ....................................................................................
5,429
6,650
Legislative proposal, not subject to PAYGO:
Budget Authority ..................................................................... ....................
16
Outlays .................................................................................... .................... ....................

Total:
Budget Authority .....................................................................
Outlays ....................................................................................

7,783
5,429

4,732
6,650

2004 est.

4,716
6,124
16
5
4,732
6,129

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.
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HUD

488

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2004

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

TRANSFERS OF FUNDS)—Continued

The 2004 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.
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
proposed level of funding for CDBG will support an estimated
90,000 jobs. These funds will also help to rehabilitate an
estimated 185,000 housing units.
Section 107 Grants include funding for technical assistance
to support local and State grantees including efforts to
streamline the Consolidated Plan, program management and
analytical support of information technology projects such as
enhancements to the Integrated Disbursement and Information System (IDIS). 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 2004
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 2004 request
for $65 million will provide more than 3,728 young people
with skills they need to obtain jobs. Funding of $65 million
is provided for the Self-Help Homeownership Opportunity
Program (Shop) including $3 million for technical assistance
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 2004 Budget also includes $3 million in competitive
grants to Tribal Colleges and Universities (TCU) to provide
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resources to build, expand, renovate and equip facilities. In
addition, $2.4 million is provided to assist Alaska Native and
Native Hawaiian Serving institutions. A transfer of $4.9 million to the Working Capital Fund is included.
f

COMMUNITY DEVELOPMENT BLOCK GRANTS
(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0162–2–1–451

2003 est.

2004 est.

00.01

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

10.00

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

22.00
23.95

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

16
¥16

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

72.40
73.10
73.20
74.40

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

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

16
16
¥5
27

86.93

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

89.00
90.00

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

16
5

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

EMPOWERMENT ZONES/ENTERPRISE COMMUNITIES
Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0315–0–1–451

2003 est.

2004 est.

00.01

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

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

10.00

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

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

21.40
22.00
23.90
23.95
24.40

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year ...................
3 ...................
New budget authority (gross) ........................................
45 ................... ...................
Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance carried forward, end of year .......

45
3 ...................
¥42
¥3 ...................
3 ................... ...................

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

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

72.40
73.10
73.20
74.40

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

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HUD

246
42
¥57
231

231
159
3 ...................
¥75
¥70
159
89

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

86.93

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

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

45 ................... ...................
57
75
70

BROWNFIELDS REDEVELOPMENT
Note.—A regular 2003 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 107–229, as amended). The amounts included for 2003 in this budget reflect the
Administration’s 2003 policy proposals.

Program and Financing (in millions of dollars)
2002 actual

2003 est.

86.93

Outlays from discretionary balances .............................

87.00

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

89.00
90.00

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

25
5

The Empowerment Zone (EZ) initiative helps revitalize city
neighborhoods by attracting business development and providing employment opportunities to residents of empowerment
zones. Empowerment Zone principles include a strategic vision for change, a community-based partnership, providing
economic opportunity and sustainable community development.
The VA HUD Appropriations Act of 2001 (P.L. 106–377
and P.L. 106–554) provided $185 million for Round II Urban
Empowerment Zones. The VA HUD Appropriations Act of
2002 (P.L. 107–73) provided $45 million for Round II Urban
Empowerment Zones which brought the total funding for
Round II urban EZs through 2002 to $330 million. No new
funding is proposed for EZ’s in FY 2004.
Funding has provided 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 and 40 competitively
selected Renewal Communities administered by HUD.

Identification code 86–0314–0–1–451

489

2004 est.

00.01

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

29 ...................

10.00

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

29 ...................

25 ...................
10
13

The 2004 Budget proposes no new funding for this program.
The Brownfields Redevelopment initiative provided competitive economic development grants, in conjunction with Section
108 loan guarantees, for the redevelopment of qualified
brownfield projects.
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.
f

YOUTHBUILD PROGRAM
Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0219–0–1–604

2003 est.

2004 est.

72.40
73.20
74.40

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

89.00
90.00

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

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 life and employment skills necessary to achieve
self-sufficiency. The Youthbuild program has been funded as
a set-aside within the CDBG program since 1996. The 2004
CDBG set aside request of $65 million will provide more
than 3,728 young people with skills they need to get jobs.
The obligated balance and outlays represent activity in the
separate youthbuild account.
f

Budgetary resources available for obligation:
21.40 Unobligated balance carried forward, start of year
22.00 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 .......

1
25

4 ...................
25 ...................

26
29 ...................
¥22
¥29 ...................
4 ................... ...................

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

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

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

91
22
¥5
109

109
128
29 ...................
¥10
¥13
128
115

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

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

72.40
73.10
73.20
74.40

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HOME INVESTMENT PARTNERSHIPS PROGRAM
(INCLUDING

TRANSFER OF FUNDS)

For the HOME investment partnerships program, as authorized
under title II of the Cranston-Gonzalez National Affordable Housing
Act, as amended, $2,197,400,000, to remain available until September
30, 2006, of which $200,000,000 shall be available for the Downpayment Assistance Initiative; of which $25,000,000 shall be for a lead
hazard reduction demonstration; and no less than $2,100,000 shall
be transferred to the Working Capital Fund for the development and
maintenance of, and modification to information technology systems
which serve Programs or activities under ‘‘Community Planning and
Development’’.
Note.—A regular 2003 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 107–229, as amended). The amounts included for 2003 in this budget reflect the
Administration’s 2003 policy proposals.

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490

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2004

General and special funds—Continued
HOME INVESTMENT PARTNERSHIPS PROGRAM—Continued
(INCLUDING

TRANSFER OF FUNDS)—Continued

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0205–0–1–604

2003 est.

2004 est.

00.01

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

1,827

2,089

2,199

10.00

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

1,827

2,089

2,199

21.40
22.00
22.10

284
1,796

256
2,084

251
2,197

23.90
23.95
24.40

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

3 ................... ...................
2,083
¥1,827
256

2,340
¥2,089
251

2,448
¥2,199
249

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

1,846
2,084
2,197
¥50 ................... ...................

43.00

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

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

27
1,513

42
1,558

44
1,656

87.00

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

1,540

1,600

1,700

2,084

2,197

4,383
4,667
5,156
1,827
2,089
2,199
¥1,540
¥1,600
¥1,700
¥3 ................... ...................
4,667
5,156
5,655

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, $1,325,000,000, to remain available until September 30, 2006: 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 funded through the Mental Health and
Substance Abuse Block Grant, Workforce Investment Act, and the Welfare-to-Work grant program: Provided further, That $12,000,000 of
the funds appropriated under this heading shall be available for the
national homeless data analysis project and technical assistance: Provided further, That no less than $2,580,000 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 $1,500,000 shall be made available
to the Interagency Council on the Homeless for administrative needs.
Note.—A regular 2003 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 107–229, as amended). The amounts included for 2003 in this budget reflect the
Administration’s 2003 policy proposals.

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0192–0–1–604

1,796
1,540

2,084
1,600

2,197
1,700

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 2004 request will result in
the production of 109,200 units of affordable housing through
new construction, rehabilitation, or acquisition. In addition,
tenant-based rental assistance will be provided for 13,335
units.
Funding of $25 million is included for a new competitive
set-aside to demonstrate innovative local strategies targeted
at making homes lead safe for low-income children. This initiative will involve private sector matching funds and will
be evaluated so the lessons learned can be extended to the
Lead Hazard Reduction program.
The HOME request also includes up to $2.1 million for
systems development and related projects including improvements to the Integrated Disbursement and Information System (IDIS), funding for technical assistance, and $1 million
for program management and analytical support.
f

2003 est.

2004 est.

00.01

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

994

1,138

1,365

10.00

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

994

1,138

1,365

21.40
22.00
22.10

1,408
1,123

1,583
1,130

1,575
1,325

47 ................... ...................

23.90
23.95
24.40

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

2,578
¥994
1,583

2,713
¥1,138
1,575

2,900
¥1,365
1,535

40.00

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

1,123

1,130

1,325

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
1,007

34
1,023

40
1,134

87.00

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

1,019

1,057

1,174

89.00
90.00

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

1,123
1,019

1,130
1,057

1,325
1,174

2,500
2,428
2,509
994
1,138
1,365
¥1,019
¥1,057
¥1,174
¥47 ................... ...................
2,428
2,509
2,700

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 Act,
as amended; the supportive housing program as authorized under
subtitle C of title IV of such Act; the section 8 moderate rehabilitation
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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 shape
and implement comprehensive, flexible, coordinated apSfmt 3616

E:\BUDGET\HUD.XXX

HUD

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

proaches 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 within a decade. 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.
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

491

10.00

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

26 ...................

21.40
22.00

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

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

23.90
23.95
24.40

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

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

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

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

72.40
73.10
73.20
74.40

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

31
25
¥22
34

86.93

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

89.00
90.00

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

25 ................... ...................
22
25
23

34
35
26 ...................
¥25
¥23
35
12

SAMARITAN HOUSING

This program encouraged new and innovative approaches
to serving the housing and economic development needs of
the nation’s rural communities. The 2004 Budget proposes
no new funding for this program.

(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0400–2–1–604

2003 est.

2004 est.

Obligations by program activity:
00.01 Direct Program Activity .................................................. ................... ...................

10.00

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

22.00
23.95

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

50
¥50

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

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

50
5

The Administration will submit legislation for the Samaritan Housing initiative, a new competitive grant program that
supports the Administration’s efforts to end chronic homelessness within a decade. Funding of $50 million for housing
grants is requested in 2004 to support the most promising
local strategies to move chronically homeless persons from
the streets to safe permanent housing with supportive services. The Samaritan Housing initiative is part of a broader
interagency Samaritan Initiative involving the Departments
of Housing and Urban Development (HUD), Health and
Human Services (HHS), and Veterans Affairs (VA) and other
Federal agencies to end chronic homelessness.
f

RURAL HOUSING

AND

ECONOMIC DEVELOPMENT

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0324–0–1–604

00.01

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

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25
PO 00000

2003 est.

2004 est.

26 ...................
Frm 00017

SHELTER PROGRAM

2002 actual

Identification code 86–0230–2–1–605

2003 est.

2004 est.

04.10

Obligations by program activity:
Direct Program Activity .................................................. ...................

153

10.00

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

153

22.00
23.95

153
¥153

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

153

73.10
73.20

153
¥153

86.90

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

153

89.00
90.00

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

153
153

50
¥5
45

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

AND

Program and Financing (in millions of dollars)

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

86.90

EMERGENCY FOOD

(Legislative proposal, not subject to PAYGO)

Fmt 3616

Legislation will be submitted to transfer this program from
the Federal Emergency Management Agency to HUD in order
to consolidate emergency homeless assistance. 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 availability of funds, assess community needs, and make
allocation choices. These community-based Local Boards also
assure coordination of effort and development of systems to
Sfmt 3616

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HUD

492

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2004

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 2004 Budget proposes $153 million.
f

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. Funding of $29.5 million is being requested
in 2004, again as a set-aside within CDBG.
f

URBAN DEVELOPMENT ACTION GRANTS
SHELTER PLUS CARE RENEWALS

From balances of the Urban Development Action Grant Program,
as authorized by title I of the Housing and Community Development
Act of 1974, as amended, $30,000,000 are cancelled.

2002 actual

2003 est.

2004 est.

Budgetary resources available for obligation:
22.00 New budget authority (gross) ........................................ ................... ...................
22.10 Resources available from recoveries of prior year obligations ....................................................................... ................... ...................
23.90

¥30
30

Total budgetary resources available for obligation ................... ................... ...................

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

¥30

72.40
73.20
73.45
74.40

Change in obligated balances:
Obligated balance, start of year ...................................
67
61
Total outlays (gross) ......................................................
¥6
¥10
Recoveries of prior year obligations .............................. ................... ...................
Obligated balance, end of year .....................................
61
51

51
¥10
¥30
11

86.93

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

89.00
90.00

¥30
10

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. The Budget
proposes a cancellation of $30 million from terminated Urban
Development Action Grants.
f

CAPACITY BUILDING FOR COMMUNITY DEVELOPMENT
AFFORDABLE HOUSING

AND

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0222–0–1–451

72.40
73.20

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

2002 actual

Identification code 86–0232–0–1–604

Program and Financing (in millions of dollars)
Identification code 86–0170–0–1–451

Program and Financing (in millions of dollars)

2003 est.

2004 est.

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

2003 est.

2004 est.

00.01

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

10.00

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

21.40
23.95
24.40

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

76
¥57
19

19
1
¥18
¥1
1 ...................

72.40
73.10
73.20
74.40

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

22
57
¥25
54

54
18
¥35
37

37
1
¥37
1

86.93

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

89.00
90.00

Shelter Plus Care provides rental assistance that, when
combined with social services, supplies supportive housing
for homeless people with disabilities and their families. Homeless people with disabilities often need more than shelter
to live independently, such as medical care or other social
services. Shelter Plus Care provides for a variety of housing
choices such as group homes or individual units, coupled with
a range of supportive services (which are funded by other
sources). Grantees must match the rental assistance with supportive services that are at least equal in value to the amount
of HUD’s rental assistance. The Shelter Plus Care renewal
funding renews contracts on a one-year basis and provides
funding to amend contracts that were previously extended
but which will run out of funding. The 2002 VA HUD Appropriations Act (P.L. 107–73) provided funding for Shelter Plus
Care in the Homeless Assistance Grants account. Amounts
provided in 2002 are sufficient to cover Shelter Plus Care
Renewals in 2003. Shelter Plus Care Renewals are funded
in the Homeless Assistance Grants account in 2004.
f

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

89.00
90.00

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

Public enterprise funds:
REVOLVING FUND (LIQUIDATING PROGRAMS)

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–4015–0–3–451

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
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2003 est.

2004 est.

09.01

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

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

10.00

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

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

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 ...................................
21.40
22.00
22.10

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HUD

31
1

20
1

11
1

4 ................... ...................
¥15
¥10
¥8

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
23.90
23.95
24.40

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

21
11
4
¥2 ................... ...................
20
11
3

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

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

1
8

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

..................
8

2999
1

72.40
73.10
73.20
73.45
74.40

86.98

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

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

¥1

89.00
90.00

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

7
3
1
2 ................... ...................
¥1
¥2
¥1
¥4 ................... ...................
3
1 ...................

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

3
45

3
29

3
17

3
5

3999

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

4999

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

Object Classification (in millions of dollars)
2002 actual

Identification code 86–4015–0–3–451

493

2003 est.

2004 est.

25.2
32.0

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

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

99.9

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

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

Credit accounts:
COMMUNITY DEVELOPMENT LOAN GUARANTEES PROGRAM ACCOUNT
(INCLUDING

TRANSFER OF FUNDS)

Status of Direct Loans (in millions of dollars)
2002 actual

Identification code 86–4015–0–3–451

1210
1251
1263

2003 est.

2004 est.

Cumulative balance of direct loans outstanding:
Outstanding, start of year .............................................
19
18
Repayments: Repayments and prepayments ................. ................... ...................
Write-offs for default: Direct loans ...............................
¥1
¥1

17
¥1
¥1

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0198–0–1–451

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.

2001 actual

2002 actual

2003 est.

2004 est.

0101
0102

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

4
–183

1
–16

1
–10

1
–9

0105

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

–179

–15

–9

–8

Balance Sheet (in millions of dollars)
Identification code 86–4015–0–3–451

ASSETS:
Federal assets: Fund balances with
Treasury ...............................................
1207 Non-Federal assets: Advances and prepayments .............................................
Net value of assets related to pre–1992
direct loans receivable and acquired defaulted guaranteed loans
receivable:
1601
Direct loans, gross ..............................
1602
Interest receivable ..............................
1603
Allowance for estimated uncollectible
loans and interest (–) ....................

2003 est.

2004 est.

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

7
1

10.00

00.02

21.40
22.00
23.90
23.95
24.40

Statement of Operations (in millions of dollars)
Identification code 86–4015–0–3–451

2003 est.

2001 actual

2002 actual

2004 est.

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

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year ...................
New budget authority (gross) ........................................
15

9
4
1 ...................
10

7
4
7 ...................

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

15
¥8
7

14
4
¥10
¥4
4 ...................

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

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

72.40
73.10
73.20
73.40
74.40

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................
Adjustments in expired accounts (net) .........................
Obligated balance, end of year .....................................

86.90
86.93

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

3
3

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

87.00

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

89.00
90.00

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

15
6

18
18
21
8
10
4
¥6
¥7
¥7
¥1 ................... ...................
18
21
18

1101

1604
1606
1699
1801
1999

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

19
4

18
4

16
4

12
4

–8

–7

15
3

15
2

13
1

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

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

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

Total assets ........................................

Frm 00019

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

Guaranteed Loans.—No funds are requested for the Community Development Loan Guarantee program (Section 108)
in 2004.
Section 108 loan guarantees have been used by Community
Development Block Grant entitlement and nonentitlement
communities (assisted by their State) for economic development activities, acquisition of real property, rehabilitation of
publicly owned real property, and housing rehabilitation.
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HUD

494

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2004

Credit accounts—Continued

Status of Guaranteed Loans (in millions of dollars)

COMMUNITY DEVELOPMENT LOAN GUARANTEES PROGRAM
ACCOUNT—Continued
(INCLUDING

Position with respect to appropriations act limitation
on commitments:
2111 Limitation on guaranteed loans made by private lenders ..............................................................................
609
2121 Limitation available from carry-forward ....................... ...................
2143 Uncommitted limitation carried forward .......................
¥298

TRANSFER OF FUNDS)—Continued

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
2002 actual

Identification code 86–0198–0–1–451

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

2003 est.

2004 est.

609

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

609

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

2.30

0.00

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

2.30

0.00

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

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

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

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

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

1
1

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

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

2002 actual

Identification code 86–4096–0–3–451

COMMUNITY DEVELOPMENT LOAN GUARANTEES FINANCING ACCOUNT
Program and Financing (in millions of dollars)
2002 actual

Identification code 86–4096–0–3–451

2003 est.

2004 est.

21.40
22.00

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

48
7

56
9

65
11

23.90
24.40

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

55
56

65
65

76
76

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

Change in obligated balances:
Obligated balance, start of year ...................................
Obligated balance, end of year .....................................

¥18
¥18

72.40
74.40

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

311
311

390
390

183
183

2210
2231
2251

1,887
309
¥156

2,040
261
¥250

2,051
304
¥300

2290

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

2,040

2,051

2,055

2299

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

2,040

2,051

2,055

Balance Sheet (in millions of dollars)
Identification code 86–4096–0–3–451

1101

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

2001 actual

2002 actual

¥5
¥2

¥6
¥3

¥7
¥4

88.90

¥7

¥9

¥11

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2003 est.

2004 est.

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

2999

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

4999

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

Guaranteed loans.—The Community Development Loan
Guarantees program has provided a mechanism for the Federal guarantee of private loans. An accompanying liquidating
account shows activity for Federal Financing Bank (FFB) direct loan activity, obligated prior to July 1, 1986. The following is a status of privately financed guaranteed loan commitments made prior to 1992. No funding is requested for
new section 108 loans in 2004.
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.

COMMUNITY DEVELOPMENT LOAN GUARANTEES LIQUIDATING
ACCOUNT
Program and Financing (in millions of dollars)
2002 actual

Identification code 86–4097–0–3–451

89.00
90.00

275 ...................
298
183
¥183 ...................

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

2004 est.

2150
2199

1999

As required by the Federal Credit Reform Act of 1990,
this account records the subsidy costs associated with the
loan guarantees committed since 1992 (including modifications of direct loans or loan guarantees that resulted from
obligations or commitments in any year), as well as administrative expenses for this program. The subsidy amounts are
estimated on a present value basis; the administrative expenses are estimated on a cash basis.

2003 est.

PO 00000

Frm 00020

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2003 est.

2004 est.

01.11

Obligations by program activity:
Direct program activity ..................................................

18 ................... ...................

10.00

Total new obligations (object class 44.0) ................

18 ................... ...................

21.40
22.00
22.60

16 ................... ...................
5 ................... ...................
¥3 ................... ...................

23.90
23.95

Total budgetary resources available for obligation
Total new obligations ....................................................

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

Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

HOUSING PROGRAMS
Federal Funds

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
New budget authority (gross), detail:
Mandatory:
60.00
Appropriation .............................................................
69.00 Offsetting collections (cash) .........................................
69.10 Change in uncollected customer payments from Federal sources (unexpired) ............................................
69.90
70.00

1 ................... ...................
3 ................... ...................

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

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

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................
Change in uncollected customer payments from Federal sources (unexpired) ............................................
74.40 Obligated balance, end of year .....................................
Outlays (gross), detail:
Outlays from mandatory balances ................................

Offsets:
Against gross budget authority and outlays:
88.40
Offsetting collections (cash) from: Non-Federal
sources ..................................................................
Against gross budget authority only:
88.95
Change in uncollected customer payments from
Federal sources (unexpired) ..................................

89.00
90.00

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

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

72.40
73.10
73.20
74.00

86.98

1799

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

¥5
¥6
¥6
18 ................... ...................
¥17 ................... ...................
¥1 ................... ...................
¥6
¥6
¥6

17 ................... ...................

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

2 ................... ...................
17 ................... ...................

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

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

8
16

5
–2

4
–1

2999

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

4999

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

1999

No funding is requested for new Section 108 loans in 2004.
As required by the Federal Credit Reform Act of 1990,
this account records all cash flows to and from the Government resulting from Federal Financing Bank (FFB) direct
loans for which loan guarantees were committed prior to
1992. This account is shown on a cash basis.
Guaranteed loans.—Guaranteed loan assistance under the
Community Development Loan Guarantees program was provided to eligible communities to finance economic development
activities, housing rehabilitation, development or expansion
of public facilities, acquisition of real property, rehabilitation
of publicly owned real property, and certain related expenses.
In the past, the FFB financed these guaranteed loans. The
Consolidated Omnibus Budget Reconciliation Act of 1985 required private financing of all loan guarantees committed
after July 1, 1986. FFB will continue disbursing loans for
commitments approved prior to July 1, 1986. The activity
shown in the above account reflects privately financed guaranteed loans for which commitments were made prior to 1992.
f

Status of Direct Loans (in millions of dollars)
2002 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

2003 est.

HOUSING PROGRAMS

2004 est.

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

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

Federal Funds
General and special funds:
HOUSING

(INCLUDING
Status of Guaranteed Loans (in millions of dollars)
2002 actual

Identification code 86–4097–0–3–451

Cumulative balance of guaranteed loans outstanding:
2210 Outstanding, start of year .............................................
2251 Repayments and prepayments ......................................

2003 est.

2004 est.

81
¥34

47
¥20

27
¥15

2290

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

2299

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

Statement of Operations (in millions of dollars)
Identification code 86–4097–0–3–451

2001 actual

2002 actual

2003 est.

2004 est.

0101
0102

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

1
–1

0105

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

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

2003 est.

2004 est.

Balance Sheet (in millions of dollars)
Identification code 86–4097–0–3–451

ASSETS:
Federal assets:
1101
Fund balances with Treasury .............
Investments in US securities:
1106
Receivables, net .............................
Net value of assets related to pre–1992
direct loans receivable and acquired defaulted guaranteed loans
receivable:
1701
Defaulted guaranteed loans, gross ....
1704

2001 actual

2002 actual

–8

–6

–4

Frm 00021

Fmt 3616

Defaulted guaranteed loans and
interest receivable, net ..............

VerDate Dec 13 2002

15:14 Jan 23, 2003

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495

FOR THE

ELDERLY

TRANSFER OF FUNDS)

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, 2016, and
for supportive services associated with housing, $773,636,000, plus
recaptures and cancelled commitments, to remain available until September 30, 2006, of which $53,000,000, shall be for service coordinators and the continuation of existing congregate service grants for
residents of assisted housing projects, and of which amount
$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, That
no less than $470,000 shall be transferred to the Working Capital
Fund for the development of and modifications to information technology systems which serve programs or activities under ‘‘Housing
Programs’’ or ‘‘Federal Housing Administration’’: Provided further,
That the Secretary may waive any provision of section 202 (including
the provisions governing the terms and conditions of project rental
assistance that the Secretary determines is not necessary to achieve
the objections of such program, or that otherwise impedes the ability
to develop, operate, or administer projects assisted under such program, and may make provision for alternative conditions or terms
where appropriate. Provided further, That all balances outstanding,
as of September 30, 2003, for capital advances, including amendments
to capital advances, for housing for elderly, as authorized by section
202, for project rental assistance for housing for the elderly, as authorized under section 202(c)(2) of such Act, including amendments to
contracts for such assistance and renewal of expiring contracts for
such assistance, for service coordinators and congregate service grants,
and for grants for conversion of eligible projects to assisted living
or related use under section 202b of such Act, shall be transferred
to and merged with the amounts of these purposes under this heading.
Note.—A regular 2003 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution

Sfmt 3616

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HUD

496

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2004

General and special funds—Continued
HOUSING
(INCLUDING

FOR THE

ELDERLY—Continued

TRANSFER OF FUNDS)—Continued

(P.L. 107–229, as amended). The amounts included for 2003 in this budget prefect the
Administration’s 2003 policy proposals.

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0320–0–1–604

2003 est.

2004 est.

00.01

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

1,481

1,024

773

10.00

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

1,481

1,024

773

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
2,896
2,453
2,453
New budget authority (gross) ........................................
1,024
1,024
773
Resources available from recoveries of prior year obligations .......................................................................
14 ................... ...................
22.21 Unobligated balance transferred to other accounts ................... ...................
¥463
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 .......

72.40
73.10
73.20
73.31
73.45
74.40

3,934
¥1,481
2,453

3,477
¥1,024
2,453

2,763
¥773
1,990

1,024

773

73 ................... ...................
¥73 ................... ...................

Appropriation (total mandatory) ........................... ................... ................... ...................
Total new budget authority (gross) ..........................

1,024

773

Change in obligated balances:
Obligated balance, start of year ...................................
4,062
4,634
4,763
Total new obligations ....................................................
1,481
1,024
773
Total outlays (gross) ......................................................
¥895
¥895
¥702
Obligated balance transferred to other accounts ......... ................... ...................
¥1,164
Recoveries of prior year obligations ..............................
¥14 ................... ...................
Obligated balance, end of year .....................................
4,634
4,763
3,670

zalez 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, 2016, and for supportive services associated with
the housing for persons with disabilities as authorized by section
811(b)(1) of such Act, and for tenant-based rental assistance contracts
entered into pursuant to section 811 of such Act, $250,515,000, to
remain available until September 30, 2006: Provided, That no less
than $470,000 shall be transferred to the Working Capital Fund for
the development of and modifications to information technology systems which serve programs or activities under ‘‘Housing Programs’’
or ‘‘Federal Housing Administration: Provided further, That of the
amount appropriated under this heading, other than amounts for
renewal of expiring project-based or tenant-based rental assistance
contracts, the Secretary may designate up to 25 percent for new incremental tenant-based rental assistance, as authorized by section 811
of such Act, (which assistance is 5 years in duration)’’: Provided further, That the Secretary may waive any provision of section 811 (including the provisions governing the terms and conditions of project
rental assistance and tenant-based assistance) that the Secretary determines is not necessary to achieve the objectives of such programs,
or that otherwise impedes the ability to develop, operate, or administer
projects assisted under such programs, and may make provision for
alternative conditions or terms where appropriate. Provided further,
That all balances outstanding, as of September 30, 2003, for capital
advances, including amendments to capital advances, for supportive
housing for persons with disabilities, as authorized by section 811,
for project rental assistance for supportinve housing for persons with
disabilities, as authorized under section 811(d)(2), including amendments to contracts for such assistance and renewal of expiring contracts for such assistance, and for supportive services associated with
the housing for persons with disabilities as authorized by seciton
811(b)(1), shall be transferred to and merged with the amounts for
these purposes under this heading.
Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0237–0–1–604

2003 est.

2004 est.

00.01

Obligations by program activity:
Housing for the Disabled ............................................... ................... ...................

251

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

895

702

10.00

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

251

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

1,024
895

773
702

22.00
22.22

251
463

23.90
23.95
24.40

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

714
¥251
463

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

251

89.00
90.00

This account consolidates activity under the Section 202
Housing for the Elderly Program and the Section 811 Housing
for the Disabled Program. In 2004, housing for persons with
disabilities is proposed as a separate account. A total of $773
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.
$53.0 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.
Status of Contract Authority (in millions of dollars)
2002 actual

Identification code 86–0320–0–1–604

0400

Appropriation to liquidate contract authority ................

2003 est.

2004 est.

¥73 ................... ...................

HOUSING FOR PERSONS WITH DISABILITIES
For capital advance contracts, for supportive housing for persons
with disabilities, as authorized by section 811 of the Cranston-GonVerDate Dec 13 2002

15:14 Jan 23, 2003

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Frm 00022

Fmt 3616

73.10
73.20
73.32
74.40

Change in obligated balances:
Total new obligations ....................................................
Total outlays (gross) ......................................................
Obligated balance transferred from other accounts
Obligated balance, end of year .....................................

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

251
¥228
1,164
1,187

86.93

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

228

89.00
90.00

251
228

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

The budget proposes a new account for supportive housing
for persons with disabilities. These funds were formerly combined with housing for the elderly in the Housing for Special
Populations account. For 2004, the Administration will propose reforms to increase flexibility in the use of funds to
provide more housing and strengthen program performance.
Projects that are part of a strategy to end chronic homelessness by housing those disabled most at risk of homelessness
will be given priority. In 2005, tenant based rental assistance
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HUD

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

provided in this program is proposed to be administered as
part of the Housing Assistance for Needy Families (HANF)
program.
f

HOUSING COUNSELING ASSISTANCE
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, $45,000,000, to remain available until September 30, 2005: 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.
Note.—A regular 2003 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 107–229, as amended). The amounts included for 2003 in this budget reflect the
Administration’s 2003 policy proposals.

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0156–0–1–604

2003 est.

10.00

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year ................... ...................
New budget authority (gross) ........................................ ...................
35

30
45

21.40
22.00
23.90
23.95
24.40

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

35
¥5
30

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

75
¥35
40

72.40
73.10
73.20
74.40

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

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

1
35
¥31
5

86.90
86.93

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

5
26

87.00

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

89.00
90.00

35
4

45
31

OTHER ASSISTED HOUSING PROGRAMS
RENTAL HOUSING ASSISTANCE
Up to $303,000,000 of recaptured section 236 budget authority resulting from prepayment of mortgages subsidized under section 236
15:14 Jan 23, 2003

Jkt 193833

PO 00000

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0206–0–1–999

00.01
00.02

2003 est.

2004 est.

Obligations by program activity:
Rent supplement ............................................................
Homeownership and rental housing assistance (Sections 235 and 236) ...................................................

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

1,044
¥300

1,420
¥100

1,320
¥303

10.00

21.40
22.00
22.10

23.90
23.95
24.40

798
44
44
¥95 ................... ...................

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

1,447
¥27
1,420

1,364
¥44
1,320

1,061
¥44
1,017

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

735
¥735

672
¥672

43.00
49.35

Appropriation (total discretionary) ........................ ................... ................... ...................
Contract authority rescinded .....................................
¥300
¥100
¥303

70.00

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

¥300

¥100

¥303

72.40
73.10
73.20
73.45
74.40

9,719
27
¥655
¥798
8,293

8,293
44
¥672
¥44
7,621

7,621
44
¥672
¥44
6,949

86.93

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

655

672

89.00
90.00

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

¥300
655

¥100
672

¥303
672

Status of Contract Authority (in millions of dollars)
2002 actual

Identification code 86–0206–0–1–999

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.

VerDate Dec 13 2002

of the National Housing Act (12 U.S.C. 1715z–1) is hereby cancelled
in fiscal year 2004: Provided, That the limitation otherwise applicable
to the maximum payments that may be required in any fiscal year
by all contracts entered into under section 236 is reduced in fiscal
year 2004 by not more than $303,000,000 in uncommitted balances
of authorizations of contract authority provided for this purpose in
prior appropriations Acts.

2004 est.

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

497

Frm 00023

Fmt 3616

0200
0400
0600

Contract authority:
Contract authority ..........................................................
Appropriation to liquidate contract authority ................
Balance of contract authority withdrawn ......................

2003 est.

2004 est.

¥300
¥100
¥303
¥735
¥672
¥672
¥95 ................... ...................

OTHER ASSISTED HOUSING
Summary of Administrative Commitments
(in millions of dollars)
2002 actual
2003 est.
2004 est.
Assistance contracts:
Rent supplement .....................................................................
7
10
10
Homeownership and rental housing assistance (sections
235 and 236) .....................................................................
20
34
34
IRP Rehab Grants ........................................................................ .................... .................... ....................
Administrative commitments, start of year ................................
9
9
9
Administrative commitments, end of year ..................................
–9
–9
–9

Total obligations ............................................................

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 18,600 units which have not converted to section 8.
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HUD

HOUSING PROGRAMS—Continued
Federal Funds—Continued

498

THE BUDGET FOR FISCAL YEAR 2004

General and special funds—Continued

being requested for 2004. This schedule reflects the liquidation of prior year balances.

OTHER ASSISTED HOUSING PROGRAMS—Continued

RENTAL HOUSING ASSISTANCE—Continued

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.
The table below reflects the consolidated outlay total for:
the Housing Certificate Fund; the Public Housing Capital
Fund; and the Other Assisted Housing account.
SUMMARY OF OUTLAYS 1

MANUFACTURED HOME INSPECTION
(INCLUDING

AND

MONITORING

TRANSFERS OF FUNDS)

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–5271–0–2–376

2003 est.

2004 est.

00.02

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

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

10.00

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

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

21.40
23.95

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
Total new obligations ....................................................

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

73.10
73.20

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

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

86.98

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

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

89.00
90.00

(in millions of dollars)
2002 actual

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 ...............................................................
1 Includes

2003 est.

22,921
18,499
3,767
54
11
578
12

2004 est.

21,147
19,874
3,601
54
11
595
12

24,937
20,455
3,810
54
11
595
12

outlays for contract renewals.
f

HOMEOWNERSHIP

AND OPPORTUNITY FOR PEOPLE
GRANTS (HOPE Grants)

EVERYWHERE

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 2004 on these activities is proposed in
the discretionary Manufactured Housing Fees Trust Fund account.
f

Public enterprise funds:

Program and Financing (in millions of dollars)

RENTAL HOUSING ASSISTANCE FUND
2002 actual

Identification code 86–0196–0–1–604

2003 est.

2004 est.

Program and Financing (in millions of dollars)
Budgetary resources available for obligation:
21.40 Unobligated balance carried forward, start of year
22.10 Resources available from recoveries of prior year obligations .......................................................................
23.90
24.40

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

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

86.93

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

4 ................... ...................
5
5

5
5

26
19
16
¥3
¥3
¥3
¥4 ................... ...................
19
16
13

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
15:14 Jan 23, 2003

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2003 est.

2004 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) ........................................

10
7

16
16

27
16

23.90
23.95
24.40

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

17
¥1
16

32
¥5
27

43
¥5
38

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

72.40
73.10
73.20
74.40

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

7
1
¥1
7

7
5
¥16
¥4

¥4
5
¥16
¥15

86.97

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

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

¥7

¥16

Net budget authority and outlays:
89.00 Budget authority ............................................................ ................... ................... ...................
90.00 Outlays ...........................................................................
3
3
3

VerDate Dec 13 2002

2002 actual

Identification code 86–4041–0–3–604

Fmt 3616

89.00

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

Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
90.00

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

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

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

FLEXIBLE SUBSIDY FUND
(TRANSFER

OF FUNDS)

From the Rental Housing Assistance Fund, all uncommitted balances of excess rental charges as of September 30, 2003, and any
collections made during fiscal year 2004 (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.

Status of Direct Loans (in millions of dollars)

2002 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 .................
1264 Write-offs for default: Write-off for default: Other adjustments, net ...........................................................
1290

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

2003 est.

2004 est.

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

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

10.00

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

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

21.40
22.00

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 .......

291
20

311
20

293
311
331
¥2 ................... ...................
291
311
331

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

13
6
6
2 ................... ...................
¥9 ................... ...................
6
6
6

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

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

86.93

88.90

89.00
90.00

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

¥11

¥20

15:14 Jan 23, 2003

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Frm 00025

658

654

650

2001 actual

2002 actual

1
–20

15
–10

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

0105

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

–19

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

2003 est.

2004 est.

Balance Sheet (in millions of dollars)

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

1999

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

2001 actual

2002 actual

2003 est.

2004 est.

295

297

278

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

711
65

721
74

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

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

–528

–544

–705

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

248

251

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

543

548

357

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

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

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

217
324

217
329

217
137

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

3999

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

541

546

354

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

4999

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

543

548

357

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

¥20

Fmt 3616

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

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

VerDate Dec 13 2002

648
658
654
9 ................... ...................
¥5
¥4
¥4

0101
0102

2999
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.00
Federal sources ..................................................... ...................
¥12
¥12
88.20
Interest on Federal securities ...............................
¥4 ................... ...................
88.40
Non-Federal sources .............................................
¥7
¥8
¥8

2004 est.

Statement of Operations (in millions of dollars)

Identification code 86–4044–0–3–604

282
11

2003 est.

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.

Identification code 86–4044–0–3–604

09.00

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

2002 actual

Identification code 86–4044–0–3–604

Program and Financing (in millions of dollars)

499

Sfmt 3633

E:\BUDGET\HUD.XXX

HUD

500

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2004

Public enterprise funds—Continued
HOMEOWNERSHIP ASSISTANCE FUND
Program and Financing (in millions of dollars)
2002 actual

Identification code 86–4043–0–3–604

21.40
24.40

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

2003 est.

85
86

2004 est.

86
84

84
84

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.
f

the development 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, 2004, an additional $1,400 for administrative contract expenses shall be available for each $1,000,000 in additional guaranteed
loan commitments (including a pro rata amount for any amount below
$1,000,000), but in no case shall funds made available by this proviso
exceed $30,000,000.
Note.—A regular 2003 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 107–229, as amended). The amounts included for 2003 in this budget reflect the
Administration’s 2003 policy proposals.

Program and Financing (in millions of dollars)

00.07
00.08
00.09
00.12

2002 actual

Identification code 86–4071–0–3–604

2003 est.

2004 est.

21.40
24.40

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

3
3

72.40
73.20
74.40

13
¥2
11

11
¥5
6

6
¥5
1

86.93

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

89.00
90.00

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.

915
102
337

2004 est.

1,863 ...................
527 ...................
348
359

162

85
444

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

1,516

2,824

22.00
22.22

Budgetary resources available for obligation:
New budget authority (gross) ........................................
Unobligated balance transferred from other accounts

513
1,017

434
444
2,390 ...................

23.90
23.95
23.98

Total budgetary resources available for obligation
Total new obligations ....................................................
Unobligated balance expiring or withdrawn .................

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

1,530
2,824
444
¥1,516
¥2,824
¥444
¥14 ................... ...................

513

434

444

72.40
73.10
73.20
73.40
74.40

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................
Adjustments in expired accounts (net) .........................
Obligated balance, end of year .....................................

86.90
86.93
86.98

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

464
93
1,017

418
428
61
16
2,390 ...................

87.00

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

1,574

2,869

444

89.00
90.00

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

513
1,574

434
2,869

444
444

99.00
99.01

Credit accounts:

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

2003 est.

10.00

NEHEMIAH HOUSING OPPORTUNITY FUND
Program and Financing (in millions of dollars)

2002 actual

Identification code 86–0183–0–1–371

120
61
16
1,516
2,824
444
¥1,574
¥2,869
¥444
¥1 ................... ...................
61
16
16

Additional net budget authority and outlays to cover cost of fully accruing retirement:
Budget authority ............................................................ ...................
15
Outlays ........................................................................... ...................
15

15
15

FEDERAL HOUSING ADMINISTRATION
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)

MUTUAL MORTGAGE INSURANCE PROGRAM ACCOUNT

(INCLUDING

TRANSFERS OF FUNDS)

During fiscal year 2004, commitments to guarantee loans to carry
out the purposes of sections 203(b) and 257 of the National Housing
Act, as amended, shall not exceed a loan principal of
$185,000,000,000.
During fiscal year 2004, obligations to make direct loans to carry
out the purposes of section 204(g) of the National Housing Act, as
amended, shall not exceed $50,000,000: Provided, That the foregoing
amount shall be for loans to nonprofit and governmental entities in
connection with sales of single family real properties owned by the
Secretary and formerly insured under the Mutual Mortgage Insurance
Fund.
For administrative expenses necessary to carry out the guaranteed
and direct loan program, $359,000,000, of which not to exceed
$355,000,000 shall be transferred to the appropriation for ‘‘Salaries
and expenses’’; and not to exceed $4,000,000 shall be transferred to
the appropriation for ‘‘Office of Inspector General’’. In addition, for
administrative contract expenses, $85,000,000, of which no less than
$20,744,000 shall be transferred to the Working Capital Fund for
VerDate Dec 13 2002

15:14 Jan 23, 2003

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PO 00000

Frm 00026

Fmt 3616

2002 actual

Identification code 86–0183–0–1–371

2003 est.

2004 est.

Direct loan levels supportable by subsidy budget authority:
115001 MMI Fund, Direct loans .................................................

250

115901 Total direct loan levels ..................................................

250

Guaranteed loan levels supportable by subsidy budget
authority:
215001 MMI Fund, Section 203(b) .............................................
215003 Standby commitment authority .....................................

157,031
7,969

163,008
1,992

177,500
7,500

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

165,000

185,000

¥2.07
0.00

¥2.53
0.00

¥2.46
0.00

232901 Weighted average subsidy rate .....................................
Guaranteed loan subsidy budget authority:
233001 MMI Fund, Section 203(b) .............................................

¥2.07

¥2.53

¥2.46

¥2,880

¥3,226

¥3,378

Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
233003 Standby commitment authority ..................................... ................... ................... ...................
233901 Total subsidy budget authority ......................................
¥2,880
¥3,226
¥3,378
Guaranteed loan subsidy outlays:
234001 MMI Fund, Section 203(b) .............................................
¥2,880
¥3,226
¥3,378
234003 Standby commitment authority ..................................... ................... ................... ...................
234901 Total subsidy outlays .....................................................
Guaranteed loan upward reestimate subsidy budget authority:
235001 MMI Fund, Section 203(b) .............................................

¥2,880

1,017

235901 Total upward reestimate budget authority ....................
Guaranteed loan upward reestimate subsidy outlays:
236001 MMI Fund, Section 203(b) .............................................
236901 Total upward reestimate subsidy outlays .....................
Guaranteed loan downward reestimate subsidy budget
authority:
237001 MMI Fund, Section 203(b) .............................................

¥3,226

2004 est.

2,390 ...................

50
2
4

1,017

2,390 ...................

10.00

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

1,017

2,390 ...................

1,017

2,390 ...................

¥2,704

¥864 ...................

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

¥2,704

¥864 ...................

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

513
93
464

2,824
61
2,808

444
10
434

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 $185 billion
on commitments to guarantee loans in 2004. The Budget also
proposes a new single family loan guarantee product that
extends FHA insurance to borrowers who cannot meet existing underwriting standards due to poor credit ratings. Borrowers will still be required to meet debt, income, and repayment ability standards. Increased risk of default associated
with these borrowers is offset by requiring greater owner
equity and by charging an annual premium of up to one
percent rather than the one-half of one percent charged currently. After 24 months of on-time payments, the higher annual premium will be reduced. This new program will insure
mortgages on homes currently ineligible under Sec. 203(b)
and Sec. 234(c) of the National Housing Act, and will be
obligations of the Mutual Mortgage Insurance Fund.
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.
Object Classification (in millions of dollars)
2002 actual

41.0
43.0

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

455
916
101

99.9

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

1,516

Jkt 193833

2003 est.

50
2
4

¥2,704

15:14 Jan 23, 2003

2002 actual

Identification code 86–4242–0–3–371

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

¥864 ...................

VerDate Dec 13 2002

Program and Financing (in millions of dollars)

00.01
00.02
00.03

¥2,704

25.2
25.3

FHA—MUTUAL MORTGAGE INSURANCE DIRECT LOAN FINANCING
ACCOUNT

¥3,378

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

Identification code 86–0183–0–1–371

501

PO 00000

2003 est.

2004 est.

369
379
1,863 ...................
527 ...................
2,824

Frm 00027

444

Fmt 3616

21.40
22.00
22.60
23.90
23.95
24.40

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

7
1
¥5

3 ...................
75
105
¥22
¥49

Total budgetary resources available for obligation
3
56
56
Total new obligations .................................................... ...................
¥56
¥56
Unobligated balance carried forward, end of year .......
3 ................... ...................

New financing authority (gross), detail:
Mandatory:
67.10
Authority to borrow .................................................... ...................
Discretionary:
68.00
Spending authority from offsetting collections: Offsetting collections (cash) .....................................
1

105

Change in obligated balances:
Obligated balance, start of year ...................................
4
Total new obligations .................................................... ...................
Total financing disbursements (gross) .........................
¥5
Obligated balance, end of year .....................................
¥1
Total financing disbursements (gross) .........................
5

¥1
56
¥50
5
50

5
56
¥56
5
56

70.00

72.40
73.10
73.20
74.40
87.00

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

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

¥23
¥1

¥50
¥4

¥1

¥25

¥55

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

50
25

50
1

88.90

89.00
90.00

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

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 2004 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)
2002 actual

Identification code 86–4242–0–3–371

Position with respect to appropriations act limitation
on obligations:
1111 Limitation on direct loans .............................................
Sfmt 3643

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HUD

250

2003 est.

2004 est.

502

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2004
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) ..................................

Credit accounts—Continued
FHA—MUTUAL MORTGAGE INSURANCE DIRECT LOAN FINANCING
ACCOUNT—Continued
Status of Direct Loans (in millions of dollars)—Continued
2002 actual

Identification code 86–4242–0–3–371

2003 est.

Unobligated direct loan limitation (¥) ........................

¥250 ................... ...................
50

70.00

Cumulative balance of direct loans outstanding:
Outstanding, start of year .............................................
1 ...................
22
Disbursements: Direct loan disbursements ................... ...................
50
50
Repayments: Repayments and prepayments ................. ...................
¥24
¥50
Write-offs for default:
1263
Direct loans ............................................................... ...................
¥4
¥9
1264
Other adjustments, net .............................................
¥1 ................... ...................

72.40
73.10
73.20
73.45
74.00

1150

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

1210
1231
1251

1290

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

Balance Sheet (in millions of dollars)
Identification code 86–4242–0–3–371

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 (–) ...........

2001 actual

2002 actual

2003 est.

2004 est.

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

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

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

1
–2

..................
–3

22
–7

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

–1

–3

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

5
4

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

28
–10

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

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

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

1101

1499

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

1999

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

5,000

5,500

7,938

8,850

7,084

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

2004 est.

68.90
1142

3,400

2999

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

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

4999

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

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

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

7,907

8,850

7,084

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

11,307

13,850

12,584

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

20
80
80
11,707
8,878
8,550
¥11,632
¥8,878
¥8,550
¥46 ................... ...................
31 ................... ...................
80
80
80
11,632
8,878
8,550

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
88.00
Transfer of Reestimates from reserves in Capital
Reserve account ...............................................
88.25
Interest on uninvested funds ...............................
Non-Federal sources:
88.40
Fees and premiums ..........................................
88.40
Recoveries on defaults .....................................

¥1,017
¥291

¥2,390 ...................
¥48
¥20

¥2,863
¥3,767

¥3,120
¥3,292

¥4,213
¥2,851

88.90

¥7,938

¥8,850

¥7,084

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

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

3,400
3,694

5,000
28

5,500
1,466

Status of Guaranteed Loans (in millions of dollars)
2002 actual

Identification code 86–4587–0–3–371

2003 est.

2004 est.

165,000
¥7,969

165,000
¥1,992

185,000
¥7,500

2150
2199

157,031
157,031

163,008
163,008

177,500
177,500

435,353
133,582
¥72,243

493,216
139,289
¥64,119

¥491

¥804

¥2,942

¥2,835

FHA—MUTUAL MORTGAGE INSURANCE GUARANTEED LOAN
FINANCING ACCOUNT
Program and Financing (in millions of dollars)
2002 actual

Identification code 86–4587–0–3–371

00.08
00.11
00.91

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

2003 est.

2004 est.

432
5,691

900
3,888

1,167
4,005

6,123

4,788

5,172

2,880

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

5,584

4,090

3,378

10.00

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

11,707

8,878

8,550

2,703
11,307

1,599
13,850

2,071
12,584

08.01
08.02

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New financing authority (gross) ....................................
Resources available from recoveries of prior year obligations .......................................................................
22.60 Portion applied to repay debt ........................................
21.40
22.00
22.10

23.90
23.95
24.40

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

VerDate Dec 13 2002

15:14 Jan 23, 2003

Jkt 193833

2,223
481

3,226

3,378

763 ...................
101 ...................

46 ................... ...................
¥750
¥4,500
¥4,400
13,306
¥11,707
1,599
PO 00000

10,949
¥8,878
2,071

10,255
¥8,550
1,705

Frm 00028

Fmt 3616

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

Cumulative balance of guaranteed loans outstanding:
Outstanding, start of year .............................................
419,313
Disbursements of new guaranteed loans ......................
136,382
Repayments and prepayments ...................................... ¥115,070
Adjustments:
2261
Terminations for default that result in loans receivable ....................................................................... ...................
2262
Terminations for default that result in acquisition
of property .............................................................
¥5,203
2263
Terminations for default that result in claim payments ....................................................................
¥69
2210
2231
2251

¥43

¥45

2290

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

435,353

493,216

564,702

2299

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

435,353

493,216

564,702

Addendum:
Cumulative balance of defaulted guaranteed loans
that result in loans receivable:
2310
Outstanding, start of year ........................................
4
4 ...................
2331
Disbursements for guaranteed loan claims ............. ...................
491
804
2351
Repayments of loans receivable ............................... ................... ................... ...................
2364
Other adjustments, net ............................................. ...................
¥495
¥804
2390

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

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
Sfmt 3616

E:\BUDGET\HUD.XXX

HUD

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

thereafter. The amounts in this account are considered a
means of financing and are not included in the budget totals.

88.95

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

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 ......................................
1502
Interest receivable ..............................
1504
Foreclosed property .............................
1505
Allowance for subsidy cost .................
1599
1901

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

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

2001 actual1

2002 actual

2,723

1,679

5,395

5,007

1,049
172

..................
267

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

2003 est.

2004 est.

122
4
1,858
–777

4
..................
2,138
..................

..................
..................
1,378
..................

..................
..................
2,052
..................

1,207
..................

2,142
178

1,378
..................

2,052
..................

5,151

4,266

6,773

7,059

89.00
90.00

92.02

Against gross budget authority only:
Change in uncollected customer payments from
Federal sources (unexpired) ..................................

..................
6,312
2

..................
6,892
..................

..................
7,970
..................

–67
–1,220
38

153
–2,328
127

..................
–119
..................

..................
–911
..................

2999

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

5,151

4,266

6,773

7,059

4999

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

5,151

4,266

6,773

7,059

¥267 ................... ...................

Net budget authority and outlays:
Budget authority ............................................................ ................... ................... ...................
Outlays ...........................................................................
¥2,717
¥5,935
¥5,224
Memorandum (non-add) entries:
Total investments, end of year: Federal securities:
Net .............................................................................

21,249

28,449

33,449

In 2002, a new Capital Reserve account was established
for the Mutual Mortgage Insurance Fund. Financial reserves,
including securities, of the MMI Fund were transferred from
the liquidating account to the new Capital Reserve account.
Starting in 2003, this new account will earn interest on Treasury investments, collect negative subsidy and downward reestimates from the Financing account, and pay upward reestimates. The Liquidating account will now only reflect
cashflows related to pre-1992 books of business.
Balance Sheet (in millions of dollars)
Identification code 86–0236–0–1–371

2,738
3,662
..................

503

2001 actual

2002 actual

2003 est.

2004 est.

ASSETS:
Federal assets:
1101
Fund balances with Treasury .............
Investments in US securities:
1102
Treasury securities, net ..................
1106
Receivables, net .............................

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

1,699

1,259

1,498

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

21,077
267

28,449
..................

33,449
..................

1999

Total assets ........................................
NET POSITION:
3300 Cumulative results of operations ............

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

23,043

29,708

34,947

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

23,043

29,708

34,947

3999

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

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

23,043

29,708

34,947

4999

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

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

23,043

29,708

34,947

FHA—MUTUAL MORTGAGE INSURANCE CAPITAL RESERVE ACCOUNT

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0236–0–1–371

21.40
22.00
22.21
22.22
23.90
24.40

2004 est.

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year ...................
22,848
26,393
New budget authority (gross) ........................................
2,984
5,935
5,224
Unobligated balance transferred to other accounts
¥1,017
¥2,390 ...................
Unobligated balance transferred from other accounts
20,881 ................... ...................
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

2003 est.

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

22,848
22,848

2,717

26,393
26,393

5,935

31,617
31,617

5,224

267 ................... ...................

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

Obligations by program activity:
Operating expenses:
00.03
Other operating costs ................................................
Capital investment:
01.03
Acquisition of real properties ....................................
01.07
Capitalized property expenses ...................................
01.08
Loss mitigation activities ..........................................
01.09
Preforeclosure sale claims ........................................
01.91
02.01

2,984

5,935

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

VerDate Dec 13 2002

15:14 Jan 23, 2003

Jkt 193833

¥2,717

PO 00000

¥3,226
¥3,378
¥864 ...................
¥315 ...................
¥1,530
¥1,846

Frm 00029

¥4 ................... ...................
156
38
5
2

105
18
2
2

Total capital investment .......................................
340
Other:
PY unobligated balance to Capital Reserve Acct ...................

201

127

¥5,224

Fmt 3616

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 .......................................................................
22.21 Unobligated balance transferred to other accounts
21.40
22.00
22.10

23.90
23.95
24.40

¥5,935

2004 est.

250
83
5
2

10.00

88.90

2003 est.

316 ...................

5,224

Change in obligated balances:
72.40 Obligated balance, start of year ................................... ...................
¥267
¥267
73.20 Total outlays (gross) ...................................................... ................... ................... ...................
74.00 Change in uncollected customer payments from Federal sources (unexpired) ............................................
¥267 ................... ...................
74.40 Obligated balance, end of year .....................................
¥267
¥267
¥267
Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
Federal sources:
88.00
Federal sources—negative subsidy from new
business ....................................................... ...................
88.00
Federal sources—downward reestimates ........
¥2,704
88.00
Federal sources—PY unobligated balance
from Liquidating Acct .................................. ...................
88.20
Interest on Federal securities ...............................
¥13

2002 actual

Identification code 86–4070–0–3–371

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

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 .....................................................
Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

336

17,747
3,710

517

127

244 ...................
273
127

5 ................... ...................
¥20,881 ................... ...................
581
517
127
¥336
¥517
¥127
244 ................... ...................

2,880 ................... ...................
1,200

273

127

¥370 ................... ...................

504

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2004

Credit accounts—Continued
FHA—MUTUAL MORTGAGE AND COOPERATIVE HOUSING INSURANCE
FUNDS LIQUIDATING ACCOUNT—Continued

2290

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

31,968

27,191

23,526

2299

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

31,968

27,191

23,526

Program and Financing (in millions of dollars)—Continued
2002 actual

Identification code 86–4070–0–3–371

69.90
70.00

2003 est.

2004 est.

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

830

273

127

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

3,710

273

127

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

542
950
1,053
336
517
127
¥293
¥414
¥198
¥5 ................... ...................
370 ................... ...................
950
1,053
982

86.97
86.98

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

93
200

273
141

101
97

87.00

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

293

414

198

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.00
Payment from financing account .........................
88.20
Interest on Federal securities ...............................
Non-Federal sources:
88.40
Fees and premiums ..........................................
88.40
Rebate of unearned prepaid premiums collected ...........................................................
88.40
Proceeds from sale of real property ................
88.40
Proceeds from sale of mortgage notes ............
88.40
Repayment of mortgage notes and sales contracts ............................................................
88.40
Interest and operating income .........................
88.40
Recoveries on defaulted mortgages .................
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) ..................................

¥2,880 ................... ...................
¥900 ................... ...................
¥14

¥24

¥20

................... ................... ...................
¥271
¥243
¥107
¥15 ................... ...................
................... ................... ...................
................... ................... ...................
...................
¥6 ...................
¥4,080

¥273

¥127

370 ................... ...................

Memorandum (non-add) entries:
Total investments, start of year: Federal securities:
Par value ...................................................................
17,282 ................... ...................
92.02 Total investments, end of year: Federal securities:
Par value ................................................................... ................... ................... ...................
92.01

Addendum:
Cumulative balance of defaulted guaranteed loans
that result in loans receivable:
2310
Outstanding, start of year ........................................
4
7 ...................
2331
Disbursements for guaranteed loan claims ............. ................... ................... ...................
2351
Repayments of loans receivable ...............................
¥1 ................... ...................
2361
Write-offs of loans receivable ...................................
¥5 ................... ...................
2364
Other adjustments, net .............................................
9
¥7 ...................
2390

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

The Federal Housing Administration Fund currently consists of four separate insurance funds.
In order to present more clearly the operations of the various funds, FHA’s budget transactions are separated into two
major business segments. The basic single-family insurance
programs in the Mutual Mortgage Insurance (MMI) fund and
the multifamily Cooperative Management Housing Insurance
(CMHI) funds form one segment. All other multifamily and
other specialized insurance programs in the General Insurance and Special Risk Insurance funds (GI/SRI) form the
other segment.
The Federal Credit Reform Act of 1990 creates a structure
of three accounts for existing credit program. For each of
the FHA business segments (MMI/CMHI and GI/SRI) there
is a liquidating account, which records the revenues and costs
associated with loan insurance committed prior to October
1, 1991, a financing account which records the revenues and
costs associated with commitments to insure loans made after
September 30, 1991, and, a program account which records
the transactions associated with the program subsidy costs,
if any, and the costs of administering the program.
This liquidating account records, for this program, all cash
flows to and from the Government resulting from MMI/CMHI
loans insured prior to 1992 and is shown on a cash basis.
All new activity in this program in 1992 and thereafter (including modifications of loans insured in any year) is recorded
in the corresponding program (86–0183) and financing (86–
4587 and 86–4242) accounts.
In 2002, a new MMI capital reserve account was established to maintain reserves required by statute that were
previously deposited in the liquidating account.
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).

Status of Direct Loans (in millions of dollars)
2002 actual

Identification code 86–4070–0–3–371

1210
1251
1264
1290

PROGRAM HIGHLIGHTS
2003 est.

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

Status of Guaranteed Loans (in millions of dollars)
2002 actual

Identification code 86–4070–0–3–371

2003 est.

(in millions of dollars)

2004 est.

Cumulative balance of direct loans outstanding:
Outstanding, start of year .............................................
3
2 ...................
Repayments: Repayments and prepayments ................. ................... ................... ...................
Write-offs for default: Other adjustments, net .............
¥1
¥2 ...................
Outstanding, end of year ..........................................

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

Cumulative balance of guaranteed loans outstanding:
Outstanding, start of year .............................................
39,963
31,968
27,191
Repayments and prepayments ......................................
¥7,738
¥4,613
¥3,556
Adjustments:
2261
Terminations for default that result in loans receivable ....................................................................... ................... ................... ...................
2262
Terminations for default that result in acquisition
of property .............................................................
¥250
¥156
¥105
2263
Terminations for default that result in claim payments ....................................................................
¥7
¥8
¥4
Jkt 193833

PO 00000

Frm 00030

2003 est.

2004 est.

1,299,868

1,419,769

1,474,051

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

1,221,340
$136,382

1,163,480
$133,582

1,156,919
$139,289

Insurance maintenance: Outstanding balance of insurance in force, end of year:
Mortgage insurance (in millions of dollars) .............

$467,549

$520,406

$588,228

Financial condition.—The following tables reflect the revenues, expenses and financial condition of the MMI/CMHI liquidating funds based on Generally Accepted Accounting Principles.
Statement of Operations (in millions of dollars)
Identification code 86–4070–0–3–371

0101
15:14 Jan 23, 2003

2002 actual

2004 est.

2210
2251

VerDate Dec 13 2002

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

Fmt 3616

Revenue ...................................................

Sfmt 3633

E:\BUDGET\HUD.XXX

HUD

2001 actual1

2002 actual2

1,567

151

2003 est.

2004 est.

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
0102

Expense ....................................................

–113

–111

–81

–48

0105
0108

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

1,454
1,104

40
19,128

–51
2,938

–28
..................

1 Estimated

result on GAAP basis pending final audit.

Balance Sheet (in millions of dollars)
Identification code 86–4070–0–3–371

ASSETS:
Federal assets:
1101
Fund balances with Treasury .............
Investments in US securities:
Receivables, net:
1106
Receivables, net .........................
1106
Receivables, net .........................
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 (–) ....................
1699
1701
1702
1703
1704
1705
1706
1799
1901

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

2001 actual1

2002 actual

1,269

1,193

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

17,105
3,031

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

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

26
..................

22
..................

19
..................

3
2

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

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

–3

–2

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

2
13
16

1
24
1

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

–25

–6

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

2003 est.

2004 est.

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

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

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

..................
133

..................
84

..................
58

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

179
14

152
18

84
18

58
19

21,631

1,389

195

1,018
..................

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

721
306

634
306

539
260

466
225

458

461

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

2002 actual

1,313

21.40
22.00
22.60

75
53
53
1,376
1,500
338
¥30 ................... ...................

23.90
23.95
23.98
24.40

1,421
1,553
391
¥1,313
¥1,500
¥338
¥56 ................... ...................
53
53
53

19,128

–12

–671

–604

19,128

–12

–671

–604

4999

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

21,631

1,389

195

Object Classification (in millions of dollars)
2002 actual

2003 est.

2004 est.

Other services:
Other services ............................................................
¥4 ................... ...................
Other services—PY unobligated balance to Capital
Reserve Acct ......................................................... ...................
316 ...................
Land and structures ......................................................
333
192
123
Investments and loans ..................................................
5
5
2
Insurance claims and indemnities ................................
2
4
2
Total new obligations ................................................

336

517

2002 actual

FHA-General and special risk, negative subsidies .......
FHA-General and special risk, downward reestimates
of subsidies ...............................................................
Jkt 193833

451
1,542
PO 00000

2003 est.

352

2004 est.

70.00

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

72.40
73.10
73.20
73.40
74.40

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................
Adjustments in expired accounts (net) .........................
Obligated balance, end of year .....................................

86.90
86.93

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

381
995
1,376

15
15
851 ...................
316 ...................
224
229
94
94
1,500

333

338

1,167 ...................
1,500

338

112
77
54
1,313
1,500
338
¥1,340
¥1,523
¥338
¥8 ................... ...................
77
54
54

263

1,102 ...................
Frm 00031

127

General Fund Credit Receipt Accounts (in millions of dollars)
Identification code 86–0200–0–1–371

2004 est.

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

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

Identification code 86–4070–0–3–371

2003 est.

10.00

3999

15:14 Jan 23, 2003

Program and Financing (in millions of dollars)

9
700

VerDate Dec 13 2002

8
688
307
216
94

866

0101
0102

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 $25,000,000,000.
Gross obligations for the principal amount of direct loans, as authorized by sections 204(g), 207(l), 238, and 519(a) of the National
Housing Act, shall not exceed $50,000,000, of which not to exceed
$30,000,000 shall be for bridge financing in connection with the sale
of multifamily real properties owned by the Secretary and formerly
insured under such Act; and of which not to exceed $20,000,000 shall
be for loans to nonprofit and governmental entities in connection with
the sale of single-family real properties owned by the Secretary and
formerly insured under such Act.
In addition, for administrative expenses necessary to carry out the
guaranteed and direct loan programs, $229,000,000, of which
$209,000,000, shall be transferred to the appropriation for ‘‘Salaries
and expenses’’; and of which $20,000,000 shall be transferred to the
appropriation for ‘‘Office of Inspector General’’. In addition, for administrative contract expenses necessary to carry out the guaranteed and
direct loan programs, $93,780,000, of which no less than $16,946,000
shall be transferred to the Working Capital Fund for the development
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, 2004, 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.

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

1,401

99.9

SPECIAL RISK PROGRAM ACCOUNT

00.02
00.07
00.08
00.09
00.10

2,503

32.0
33.0
42.0

AND

(INCLUDING

Identification code 86–0200–0–1–371

Total liabilities ....................................
NET POSITION:
3300 Cumulative results of operations ............

25.2
25.2

GENERAL

505

Fmt 3616

Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

281
64

310
46

315
23

506

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2004
233006
233007
233008
233009
233012
233013

Credit accounts—Continued
GENERAL

AND

SPECIAL RISK PROGRAM ACCOUNT—Continued

(INCLUDING

TRANSFERS OF FUNDS)—Continued

Program and Financing (in millions of dollars)—Continued
2002 actual

Identification code 86–0200–0–1–371

2003 est.

2004 est.

86.97

Outlays from new mandatory authority .........................

995

87.00

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

1,340

1,523

338

89.00
90.00

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

1,376
1,340

1,500
1,523

338
338

99.00
99.01

1,167 ...................

Additional net budget authority and outlays to cover cost of fully accruing retirement:
Budget authority ............................................................
10
9
Outlays ...........................................................................
10
9

9
9

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
2002 actual

Identification code 86–0200–0–1–371

2003 est.

2004 est.

Direct loan levels supportable by subsidy budget authority:
115001 Single-family PMMs ....................................................... ...................
115002 Multifamily bridge loans ................................................ ...................
115003 Unused Limitation Authority ..........................................
50

2
2
46

115901 Total direct loan levels ..................................................

Guaranteed loan levels supportable by subsidy budget
authority:
215001 Apartments NC/SC .........................................................
2,843
2,900
3,000
215003 221d3 NP/Coop owned apts ..........................................
89
95
100
215004 Tax Credits NC ...............................................................
765
800
850
215005 Mixed Income (Hope d4) ................................................
15
16 ...................
215006 Apartments Refinance ...................................................
1,615
1,700
1,800
215007 241a Supplemental Loans for Apts ...............................
14
20
25
215008 Operating Loss Loans for Apts (plus 232) ....................
2
3
3
215009 HFA Risk Sharing ...........................................................
357
400
420
215012 GSE Risk Sharing ........................................................... ...................
100
120
215013 FHA Full Insurance for Health Care Facilities (plus
241/232) ....................................................................
649
700
725
215014 Health Care Refinances .................................................
1,502
1,600
1,700
215015 Hospitals ........................................................................
149
550
700
215016 Other Rental (incl 207(mhp),220,231) .......................... ...................
300
325
215017 Section 234: Condominiums ..........................................
12,982
13,700
14,100
215018 Section 203(k): Rehabilitation Mortgages .....................
949
925
912
215019 Section 221(d)(2): Low Income Housing ....................... ................... ................... ...................
215021 Title 1 Property Improvement ........................................
95
100
105
215022 Title 1 Manufactured Housing .......................................
55
80
75
215023 Standby authority ...........................................................
919
11
40
215901 Total loan guarantee levels ...........................................
23,000
Guaranteed loan subsidy (in percent):
232001 Apartments NC/SC .........................................................
¥0.14
232003 221d3 NP/Coop owned apts ..........................................
8.89
232004 Tax Credits NC ...............................................................
¥2.50
232005 Mixed Income (Hope d4) ................................................
¥0.14
232006 Apartments Refinance ...................................................
¥0.97
232007 241a Supplemental Loans for Apts ...............................
28.16
232008 Operating Loss Loans for Apts (plus 232) ....................
19.34
232009 HFA Risk Sharing ...........................................................
¥1.55
232012 GSE Risk Sharing ...........................................................
¥0.57
232013 FHA Full Insurance for Health Care Facilities (plus
241/232) ....................................................................
¥2.21
232014 Health Care Refinances .................................................
¥2.54
232015 Hospitals ........................................................................
¥0.36
232016 Other Rental (incl 207(mhp),220,231) .......................... ...................
232017 Section 234: Condominiums ..........................................
¥1.99
232018 Section 203(k): Rehabilitation Mortgages .....................
¥1.53
232019 Section 221(d)(2): Low Income Housing .......................
0.00
232021 Title 1 Property Improvement ........................................
0.96
232022 Title 1 Manufactured Housing .......................................
¥0.84
232023 Standby authority ...........................................................
0.00

15:14 Jan 23, 2003

Jkt 193833

PO 00000

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

¥16
4
...................
¥6
...................

¥37
1
1
¥5
¥1

¥38
2
1
¥7
¥1

¥14
¥33
...................
...................
¥258
¥15
...................
1
...................
...................
...................

¥8
¥32
¥15
...................
¥148
¥4
...................
2
...................
...................
...................

¥2
¥22
¥23
...................
¥146
...................
...................
2
...................
...................
...................

¥352

¥251

¥262

5
5
¥14
3
3
2
¥17
¥23
¥12
................... ................... ...................
¥13
¥43
¥38
1
1
2
1 ...................
1
¥3
¥10
¥7
...................
¥1
¥1
¥14
¥33
¥3
...................
¥259
¥15
...................
1
...................
...................

¥21
¥62
¥12
...................
¥148
¥4
...................
2
...................
...................

¥3
¥24
¥21
...................
¥128
...................
...................
2
...................
...................

234901 Total subsidy outlays .....................................................
Guaranteed loan upward reestimate subsidy budget authority:
235024 General and Special Risk ..............................................

¥346

¥313

¥241

995

1,167 ...................

235901 Total upward reestimate budget authority ....................
Guaranteed loan upward reestimate subsidy outlays:
236024 General and Special Risk ..............................................

995

1,167 ...................

995

1,167 ...................

995

1,167 ...................

¥1,542

¥1,102 ...................

236901 Total upward reestimate subsidy outlays .....................
Guaranteed loan downward reestimate subsidy budget
authority:
237024 General and Special Risk ..............................................
237901 Total downward reestimate subsidy budget authority
Guaranteed loan downward reestimate subsidy outlays:
238024 General and Special Risk ..............................................

¥1,542

¥1,102 ...................

¥1,542

¥1,102 ...................
¥1,102 ...................

24,000

25,000

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

¥1,542

¥0.06
3.93
¥0.65
¥0.33
¥2.17
6.35
18.69
¥1.37
¥1.36

¥0.62
5.35
¥1.59
0.00
¥2.13
8.60
17.84
¥1.67
¥1.08

Administrative expense data:
351001 Budget authority, S&E Transfer .....................................
351001 Budget authority ............................................................
358001 Outlays from balances ...................................................
359001 Outlays from new authority ...........................................

216
150
64
265

¥1.19
¥1.97
¥2.76
¥0.07
¥1.08
¥0.46
0.00
2.02
¥0.47
0.00

¥0.22
¥1.28
¥3.33
¥0.08
¥1.03
¥0.02
0.00
1.86
¥0.14
0.00

232901 Weighted average subsidy rate .....................................
¥1.53
¥1.05
¥1.05
Guaranteed loan subsidy budget authority:
233001 Apartments NC/SC .........................................................
¥4
¥2
¥19
233003 221d3 NP/Coop owned apts ..........................................
8
4
5
233004 Tax Credits NC ...............................................................
¥19
¥5
¥14
233005 Mixed Income (Hope d4) ................................................ ................... ................... ...................
VerDate Dec 13 2002

233014
233015
233016
233017
233018
233019
233021
233022
233023
233024

Apartments Refinance ...................................................
241a Supplemental Loans for Apts ...............................
Operating Loss Loans for Apts (plus 232) ....................
HFA Risk Sharing ...........................................................
GSE Risk Sharing ...........................................................
FHA Full Insurance for Health Care Facilities (plus
241/232) ....................................................................
Health Care Refinances .................................................
Hospitals ........................................................................
Other Rental (incl 207(mhp),220,231) ..........................
Section 234: Condominiums ..........................................
Section 203(k): Rehabilitation Mortgages .....................
Section 221(d)(2): Low Income Housing .......................
Title 1 Property Improvement ........................................
Title 1 Manufactured Housing .......................................
Standby authority ...........................................................
Emergency Appropriation ...............................................

Frm 00032

Fmt 3616

224
94
46
299

229
94
19
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
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.
Sfmt 3616

E:\BUDGET\HUD.XXX

HUD

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

The Budget includes a reduction in the annual premium
rate of multifamily Section 221(d)(4) loan guarantees from
57 basis points to 50 basis points. This reflects improved
estimates of these loan guarantee subsidy cost.
Object Classification (in millions of dollars)
2002 actual

Identification code 86–0200–0–1–371

25.1
25.2
25.3

2003 est.

2004 est.

52
42

77
17

41.0

Advisory and assistance services ..................................
Other services ................................................................
Other purchases of goods and services from Government accounts ...........................................................
Grants, subsidies, and contributions ............................

216
1,003

224
1,182

229
15

99.9

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

1,313

1,500

338

FHA—GENERAL

AND

SPECIAL RISK GUARANTEED LOAN FINANCING
ACCOUNT

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–4077–0–3–371

Obligations by program activity:
Capital investment, claims and other:
00.01
Default claims and other ..........................................
00.05
Interest paid to Treasury ...........................................
00.08
Asset sale negative subsidy payment to the receipt
account .................................................................
00.14
Contract Costs ...........................................................

2003 est.

2004 est.

927
92

1,346
97

1,355
102

88
18

26
20

7
20

00.91
08.01
08.02
08.04

Direct Program by Activities—Subtotal (1 level)
Payment of negative subsidy to receipt account
Downward subsidy rate reestimate ...........................
Interest on subsidy rate reestimates ........................

1,125
364
1,091
451

1,489
1,484
326
256
774 ...................
328 ...................

08.91

Direct Program by Activities—Subtotal (1 level)

1,906

1,428

256

10.00

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

3,031

2,917

1,740

Budgetary resources available for obligation:
21.40 Unobligated balance carried forward, start of year
22.00 New financing authority (gross) ....................................
22.10 Resources available from recoveries of prior year obligations .......................................................................
22.60 Portion applied to repay debt ........................................
23.90
23.95
24.40

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

1,766
2,841

1,419
2,982

1,284
1,862

3 ................... ...................
¥161
¥200
¥200
4,449
¥3,031
1,419

4,201
¥2,917
1,284

2,946
¥1,740
1,206

525

500

400

2,273

2,482

1,462

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

68.90

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

2,316

2,482

1,462

70.00

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

2,841

2,982

1,862

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) ............................................
74.40 Obligated balance, end of year .....................................
87.00 Total financing disbursements (gross) .........................
72.40
73.10
73.20
73.45
74.00

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
Federal sources:
88.00
Payments from program account .....................
88.00
Repayment of principal and interest from liquidating account ..........................................
88.00
Subsidy reestimate from program account .....
VerDate Dec 13 2002

15:14 Jan 23, 2003

Jkt 193833

¥123
¥158 ...................
3,031
2,917
1,740
¥3,020
¥2,759
¥1,740
¥3 ................... ...................
¥43 ................... ...................
¥158 ................... ...................
3,020
2,759
1,740

¥16
¥14
¥995
PO 00000

¥11

¥15

¥16
¥16
¥1,167 ...................
Frm 00033

Fmt 3616

88.25

Interest on uninvested funds ...............................
Non-Federal sources:
Fees and premiums ..........................................
Recoveries on defaulted mortgages .................
Title I recoveries ...............................................
Single family property recoveries .....................
Gross Proceeds from sale of mortgage notes
(liquidating) .................................................
Gross Proceeds from Mortgage Note Sales ......
Multifamily property recoveries ........................

88.40
88.40
88.40
88.40
88.40
88.40
88.40
88.90
88.95

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

89.00
90.00

507

¥90

¥92

¥97

¥481
¥116
¥23
¥247

¥494
¥76
¥3
¥440

¥580
¥86
¥3
¥452

¥88
¥202
¥1

¥26
¥156
¥1

¥7
¥209
¥1

¥2,273

¥2,482

¥1,466

¥43 ................... ...................

525
748

500
277

396
274

Status of Guaranteed Loans (in millions of dollars)
2002 actual

Identification code 86–4077–0–3–371

2003 est.

2004 est.

23,000

24,000

25,000

2150
2199

23,000
23,000

24,000
24,000

25,000
25,000

73,376
20,600
¥18,390

74,738
23,644
¥6,220

90,889
24,753
¥7,696

¥458

¥530

¥633

¥387

¥733

¥634

¥3

¥10

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

Cumulative balance of guaranteed loans outstanding:
Outstanding, start of year .............................................
Disbursements of new guaranteed loans ......................
Repayments and prepayments ......................................
Adjustments:
2261
Terminations for default that result in loans receivable .......................................................................
2262
Terminations for default that result in acquisition
of property .............................................................
2263
Terminations for default that result in claim payments ....................................................................
2210
2231
2251

2290

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

74,738

90,889

106,669

2299

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

74,738

90,889

106,669

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

618
601
942
458
530
633
¥244
¥189
¥298
¥231 ................... ...................
601

942

1,277

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.
Balance Sheet1 (in millions of dollars)
Identification code 86–4077–0–3–371

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 ..................................................
Sfmt 3633

E:\BUDGET\HUD.XXX

HUD

2001 actual

2002 actual

2003 est.

2004 est.

1,643

1,260

1,663

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

332

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

202

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

HOUSING PROGRAMS—Continued
Federal Funds—Continued

508

THE BUDGET FOR FISCAL YEAR 2004

Credit accounts—Continued
FHA—GENERAL

AND

SPECIAL RISK GUARANTEED LOAN FINANCING
ACCOUNT—Continued

Balance Sheet1 (in millions of dollars)—Continued
Identification code 86–4077–0–3–371

1206

1501
1502
1504
1505
1599
1702

1801
1901

Receivables, net ..................................
Net value of assets related to post–
1991 acquired defaulted guaranteed loans receivable:
Defaulted guaranteed loans receivable, gross ......................................
Interest receivable ..............................
Foreclosed property .............................
Allowance for subsidy cost .................
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 ...................................................

2001 actual

2002 actual

2003 est.

2004 est.

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

618
84
187
–362

601
23
206
..................

942
..................
528
–1,061

1,277
..................
528
–1,061

527

830

409

744

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

1
–17

..................
211

..................
874

2,520

2,341

2,485

1,820

190
877

..................
1,241

..................
738

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

..................
6
–2
1,428
9

1
3
..................
1,072
24

..................
..................
..................
1,747
..................

..................
..................
..................
1,082
..................

2,520

2,341

2,485

1,820

4999

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

2,520

2,341

2,485

1,820

SPECIAL RISK DIRECT LOAN FINANCING
ACCOUNT

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–4105–0–3–371

2003 est.

10.00

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

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
1 ................... ...................
New financing authority (gross) .................................... ...................
3
3
Total budgetary resources available for obligation
Total new obligations ....................................................

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

70.00

73.10
73.20
87.00

3
¥4

4
¥4

Spending authority from offsetting collections
(total discretionary) ..................................... ................... ................... ...................
Total new financing authority (gross) ...................... ...................
Change
Total
Total
Total

in obligated balances:
new obligations ....................................................
1
financing disbursements (gross) ......................... ...................
financing disbursements (gross) ......................... ...................

VerDate Dec 13 2002

15:14 Jan 23, 2003

¥4

Net financing authority and financing disbursements:
Financing authority ........................................................ ...................
¥1
¥1
Financing disbursements ............................................... ................... ................... ...................

Status of Direct Loans (in millions of dollars)

Jkt 193833

PO 00000

2002 actual

Identification code 86–4105–0–3–371

Position with respect to appropriations act limitation
on obligations:
1111 Limitation on direct loans .............................................
1142 Unobligated direct loan limitation (¥) ........................
1150

1210
1231
1251

50
¥49

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

2003 est.

2004 est.

50
50
¥49 ...................

Cumulative balance of direct loans outstanding:
Outstanding, start of year .............................................
2
Disbursements: Direct loan disbursements ................... ...................
Repayments: Repayments and prepayments ................. ...................

2
1
¥1

2
4
¥4

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 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.

Identification code 86–4105–0–3–371

3
1

68.90

¥4

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

Balance Sheet (in millions of dollars)

3
1

23.90
23.95

88.90

2004 est.

Obligations by program activity:
00.01 Direct loans ....................................................................
1
00.02 Interest paid to Treasury ............................................... ...................

21.40
22.00

¥1
¥3

1290

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

AND

¥1
¥3

89.00
90.00

2999

FHA—GENERAL

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

4
¥4
4

Frm 00034

Fmt 3616

2001 actual

2002 actual

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

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

1
1

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

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

1999

Total assets ........................................
LIABILITIES:
Federal liabilities:
2103
Treasury borrowing ..............................
2104
Resources payable to Treasury ...........

2003 est.

2004 est.

2999

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

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

4999

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

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

FHA—LOAN GUARANTEE RECOVERY FUND—FINANCING ACCOUNT
Program and Financing (in millions of dollars)
2002 actual

Identification code 86–4106–0–3–371

2003 est.

2004 est.

00.01

Obligations by program activity:
Default Claims ...............................................................

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

10.00

Total new obligations (object class 42.0) ................

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

Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

21.40
22.00

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

23.90
23.95
24.40

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

FHA—GENERAL
3
1

4
5
5
¥1 ................... ...................
3
5
5

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

73.10
73.20
87.00

Change
Total
Total
Total

in obligated balances:
new obligations ....................................................
financing disbursements (gross) .........................
financing disbursements (gross) .........................

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

89.00
90.00

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

¥1

2290

2004 est.

Total guaranteed loan commitments ........................ ...................
Guaranteed amount of guaranteed loan commitments ...................
Cumulative balance of guaranteed loans outstanding:
Outstanding, start of year .............................................
4
Disbursements of new guaranteed loans ......................
1
Repayments and prepayments ...................................... ...................
Outstanding, end of year ..........................................

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

5
6
4 ...................
¥3
¥3

07.99

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

Program and Financing (in millions of dollars)

2001 actual

Identification code 86–4106–0–3–371

ASSETS:
Investments in US securities:
1102
Federal assets: Treasury securities,
par ..................................................
Net value of assets related to post–
1991 acquired defaulted guaranteed loans receivable:
1504
Foreclosed property .............................

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

Net present value of assets related
to defaulted guaranteed loans

2002 actual

2003 est.

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

2999

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

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.
VerDate Dec 13 2002

15:14 Jan 23, 2003

¥1
73
119
421
29
23
170
7
62
214
3
88

¥4
112
182
479
30
11
176
10
61
90
3
7

¥2
134
219
354
32
8
220
18
60
85
3
7

01.91

Total capital investment .......................................

1,208

1,157

1,138

10.00

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

1,372

1,306

1,247

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
1,986
528 ...................
New budget authority (gross) ........................................
2,073
1,531
1,467
Resources available from recoveries of prior year obligations .......................................................................
10 ................... ...................
22.40 Capital transfer to general fund ................................... ...................
¥528 ...................
22.60 Portion applied to repay debt ........................................
¥2,169
¥225
¥220
21.40
22.00
22.10

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

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

Jkt 193833

PO 00000

Frm 00035

42
26
16
25
109

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

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

1999

43
28
16
62
149

70.00
..................

40
26
14
84

1,900
1,306
1,247
¥1,372
¥1,306
¥1,247
528 ................... ...................

2004 est.

164

23.90
23.95
24.40
5

2003 est.

Total operating expenses ......................................
Capital investment: Claims and other:
Acquisition of defaulted Title I notes .......................
Assignment of mortgages .........................................
Assignments per 221 G4 ..........................................
Mark-To-Market Restructures ....................................
Tax advances on held mortgages .............................
Acquisition of real properties ....................................
Capitalized property expenses ...................................
Rehabilitation of real properties ...............................
Upfront Grants ...........................................................
Other ..........................................................................
M&M Contract ...........................................................
Payment to the Financing Account-Asset Sale .........

69.90
3

2002 actual

Balance Sheet (in millions of dollars)

4999

01.01
01.02
01.03
01.05
01.08
01.09
01.10
01.11
01.12
01.13
01.14
01.16

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

1599

2003 est.

2004 est.

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

00.91

2002 actual

2003 est.

01.99

Identification code 86–4072–0–3–371

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

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 .......................
¥4 ................... ...................

2210
2231
2251

2002 actual

Identification code 86–4072–0–3–371

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

Status of Guaranteed Loans (in millions of dollars)

2150
2199

SPECIAL RISK INSURANCE FUNDS LIQUIDATING
ACCOUNT

Unavailable Collections (in millions of dollars)

¥2 ...................

Identification code 86–4106–0–3–371

AND

509

Fmt 3616

1,094
249
739

472
225
834

577
220
670

¥9 ................... ...................

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

730

834

670

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

2,073

1,531

1,467

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

803
889
444
1,372
1,306
1,247
¥1,285
¥1,751
¥1,247
¥10 ................... ...................
9 ................... ...................
889
444
444

86.97
86.98

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

1,276
9

1,306
1,247
445 ...................

87.00

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

1,285

1,751

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.00
Federal sources .....................................................
Non-Federal sources:
88.40
Fees and premiums ..........................................
Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

1,247

¥10 ................... ...................
¥101

¥100

¥84

510

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2004

Credit accounts—Continued
FHA—GENERAL

AND

SPECIAL RISK INSURANCE FUNDS LIQUIDATING
ACCOUNT—Continued

Program and Financing (in millions of dollars)—Continued
2002 actual

Identification code 86–4072–0–3–371

2003 est.

2004 est.

88.40
88.40
88.40
88.40
88.40
88.40
88.40
88.40
88.40

Rebates of insurance premiums ......................
Multifamily foreclosure sales ...........................
Proceeds from sale of real property ................
Proceeds from sale of mortgage notes ............
MTM second mortgage repayments .................
Recoveries on defaulted mortgages .................
Interest .............................................................
Other interest, dividends and revenue ............
Other collections ...............................................

2
¥27
¥55
¥86
¥4
¥180
¥77
¥11
¥190

2
¥147
¥28
¥265
¥7
¥103
¥74
¥12
¥100

2
¥52
¥37
¥250
¥8
¥64
¥70
¥12
¥95

88.90

¥739

¥834

¥670

88.95

89.00
90.00

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

Memorandum (non-add) entries:
Total investments, start of year: Federal securities:
Par value ...................................................................
92.02 Total investments, end of year: Federal securities:
Par value ...................................................................

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

1,343
546

697
917

797
577

92.01

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.
Statement of Operations (in millions of dollars)

Status of Direct Loans (in millions of dollars)
2002 actual

Identification code 86–4072–0–3–371

2001 actual1

2002 actual2

2003 est.

2004 est.

0101
0102

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

430
–503

348
–382

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

0105
0108

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

–73
–598

–34
–527

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

2003 est.

2004 est.

Identification code 86–4072–0–3–371
2003 est.

2004 est.

1210
1251

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

38
¥12

26
¥10

16
¥7

1290

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

1 Preliminary

Balance Sheet (in millions of dollars)

Status of Guaranteed Loans (in millions of dollars)
2002 actual

Identification code 86–4072–0–3–371

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

2003 est.

2004 est.

25,370
¥3,414

21,319
¥1,991

18,546
¥1,743

¥614

¥768

¥704

¥22

¥11

¥7

¥1

¥3

¥2

2290

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

21,319

18,546

16,090

2299

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

21,319

18,546

16,090

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

1,999
2,226
2,114
614
768
704
¥271
¥523
¥374
¥108
¥357
¥263
¥8 ................... ...................
2,226

2,114

Identification code 86–4072–0–3–371

ASSETS:
Federal assets:
1101
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 (–) ....................
1699

1701
1702
1703

2,181
1704

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
VerDate Dec 13 2002

15:14 Jan 23, 2003

Jkt 193833

PO 00000

results pending final audit.

Frm 00036

Fmt 3616

1705
1706
1799

1801
1901

Value of assets related to loan
guarantees .................................
Other Federal assets:
Funds held by the Public ...................
Other assets ........................................

Sfmt 3633

E:\BUDGET\HUD.XXX

HUD

2001 actual1

2002 actual

2,782

1,415

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

7
9
20

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

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

..................
124
..................

..................
26
..................

..................
86
..................

39
–1

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

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

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

–21

–8

17
2,006
130

17
2,226
107

8
2,013
100

1
2,139
100

–1,126

–917

–1,614

–1,740

1,010

1,416

499

..................
84

2
68

2
244

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

1,094

1,486

745

501

109
18

..................
120

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
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 .......
2999

4,180

3,066

962

711

52
127

27
175

363
..................

444
–4
223
6,732
..................
384

405
5
285
6,059
..................
409

443
..................
..................
..................
5,960
124

7,958

7,365

6,890

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

1,826
–5,604

812
–5,111

8,525
–14,453

8,525
–14,704

3999

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

–3,778

–4,299

–5,928

–6,179

4999

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

4,180

3,066

962

711

1 Preliminary

Object Classification (in millions of dollars)
2002 actual

Identification code 86–4072–0–3–371

2003 est.

2004 est.

25.2
32.0
33.0
42.0
43.0
44.0

Other services ................................................................
Land and structures ......................................................
Investments and loans ..................................................
Insurance claims and indemnities ................................
Interest and dividends ...................................................
Repayments to financing account .................................

327
262
612
29
40
102

183
258
769
30
43
23

139
306
705
32
42
23

99.9

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

1,372

1,306

1,247

FOR THE

ELDERLY

OR HANDICAPPED FUND LIQUIDATING
ACCOUNT

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–4115–0–3–371

2003 est.

2004 est.

Obligations by program activity:
Capital investment:
00.02
Maintenance security and collateral .........................
01.01 Operating expenses: Interest on borrowings .................

4
250

5
229

5
188

10.00

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

254

234

193

21.40
22.00
22.40

26
344
¥26

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:
Mandatory:
69.00
Offsetting collections (cash) .....................................
69.47
Portion applied to repay debt ...................................

90 ...................
234
193
¥90 ...................

344
234
193
¥254
¥234
¥193
90 ................... ...................

807
¥463

751
¥517

751
¥558

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

344

234

193

72.40
73.10
73.20
74.40

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

152
254
¥278
128

128
234
¥222
140

140
193
¥288
45

86.97
86.98

Outlays (gross), detail:
Outlays from new mandatory authority .........................
278
222
Outlays from mandatory balances ................................ ................... ...................

193
95

69.90

87.00

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

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.00
Federal sources .....................................................
VerDate Dec 13 2002

88.40

Non-Federal sources .............................................

¥158

¥221

88.90

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

¥807

¥751

89.00
90.00

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

¥463
¥529

¥517
¥529

¥558
¥463

Status of Direct Loans (in millions of dollars)
2002 actual

Identification code 86–4115–0–3–371

1210
1231
1251
1264

2003 est.

2004 est.

Cumulative balance of direct loans outstanding:
Outstanding, start of year .............................................
7,805
7,647
7,426
Disbursements: Direct loan disbursements ................... ................... ................... ...................
Repayments: Repayments and prepayments .................
¥158
¥221
¥221
Write-offs for default: Other adjustments, net ............. ................... ................... ...................

1290

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

7,647

7,426

7,205

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.

pending final audit.

HOUSING

511

15:14 Jan 23, 2003

Jkt 193833

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)
Identification code 86–4115–0–3–371

2001 actual

2002 actual

2003 est.

2004 est.

0101
0102

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

659
–294

646
–254

525
–229

493
–188

0105

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

365

392

296

305

Balance Sheet (in millions of dollars)
Identification code 86–4115–0–3–371

2001 actual

2002 actual

2003 est.

2004 est.

178

218

268

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

7,804
98

7,646
88

7,427
70

7,206
70

–20

–19

–17

7,882
9

7,715
9

7,480
8

7,259
8

1101

278

222

288

1604
¥649
PO 00000

¥530

Frm 00037

Fmt 3616

1606
Sfmt 3633

Direct loans and interest receivable, net .....................................
Acquired Real Property .......................
E:\BUDGET\HUD.XXX

HUD

HOUSING PROGRAMS—Continued
Federal Funds—Continued

512

THE BUDGET FOR FISCAL YEAR 2004

21.40
22.00

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 .......

Credit accounts—Continued
HOUSING

FOR THE

ELDERLY OR HANDICAPPED FUND LIQUIDATING
ACCOUNT—Continued

Balance Sheet (in millions of dollars)—Continued
2001 actual

Identification code 86–4115–0–3–371

1699

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

1999

2002 actual

2003 est.

7,891

7,724

7,488

7,267

8,069

7,942

7,706

7,535

150
3,103
4,407
22

126
2,640
4,381
15

200
2,442
4,281
22

200
2,363
4,191
20

2999

7,682

7,162

6,945

6,774

365

758

751

3999

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

387

780

761

4999

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

8,069

7,942

7,706

7,535

Object Classification (in millions of dollars)
2002 actual

Identification code 86–4115–0–3–371

2003 est.

2004 est.

32.0
43.0

Land and structures ......................................................
Interest and dividends ...................................................

4
250

5
229

5
188

99.9

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

254

234

193

MANUFACTURED HOUSING FEES TRUST FUND
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.), $17,000,000, 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 2004 so as to result in
a final fiscal year 2004 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 2004
appropriation.
Note.—A regular 2003 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 107–229, as amended). The amounts included for 2003 in this budget reflect the
Administration’s 2003 policy proposals.

Unavailable Collections (in millions of dollars)
2002 actual

Identification code 86–8119–0–7–376

2003 est.

2004 est.

01.99

Balance, start of year .................................................... ................... ................... ...................
Receipts:
02.00 Manufactured home inspection and monitoring ...........
8
13
17
Appropriations:
05.00 Manufactured home inspection and monitoring ...........
¥8
¥13
¥17
07.99

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

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–8119–0–7–376

2003 est.

2004 est.

00.01
00.02

Obligations by program activity:
Transfer to salaries and expenses ................................
Other program costs ......................................................

1
6

1
14

2
15

10.00

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

Frm 00038

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2 ...................
13
17

9
15
17
¥7
¥15
¥17
2 ................... ...................

2004 est.

Total assets ........................................
LIABILITIES:
Federal liabilities:
2102
Interest payable ..................................
2103
Debt .....................................................
2104
Resources payable to Treasury ...........
2207 Non-Federal liabilities: Other ..................
Total liabilities ....................................
NET POSITION:
3100 Unexpended Appropriations .....................
3300 Revolving Fund: Cumulative results of
operations ...........................................

1
8

New budget authority (gross), detail:
Discretionary:
40.26
Appropriation (trust fund) .........................................

72.40
73.10
73.20
74.40

Change in obligated balances:
Obligated balance, start of year ...................................
3 ...................
Total new obligations ....................................................
7
15
Total outlays (gross) ......................................................
¥9
¥10
Obligated balance, end of year ..................................... ...................
5

5
17
¥14
8

86.90
86.93

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

87.00

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

89.00
90.00

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

8
9

13
10

17
14

5
10
14
4 ................... ...................

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 2002, 323,727 transportable sections were produced, for a total of 180,451 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.
Sfmt 3616

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HUD

GOVERNMENT NATIONAL MORTGAGE ASSOCIATION
Federal Funds

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

An estimated 600 filings in 2004 will result in $350,000
in fees.
f

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.
Operating results.—Fee collections, interest, and other income are expected to exceed expenses by $691 million in
2003 and $780 million in 2004.
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, 2005.
For administrative expenses necessary to carry out the guaranteed
mortgage-backed securities program, $10,695,000, to be derived from
the GNMA guarantees of mortgage-backed securities guaranteed loan
receipt account, of which not to exceed $10,695,000, shall be transferred to the appropriation for ‘‘Salaries and expenses’’.

73.20

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

¥9

¥10

¥11

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

11
11

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

Guaranteed loan levels supportable by subsidy budget
authority:
215001 Ginnie Mae mortgage-backed securities .......................
215002 Standby commitment authority .....................................
215901 Total loan guarantee levels ...........................................
Guaranteed loan subsidy (in percent):
232001 Ginnie Mae mortgage-backed securities .......................
232002 Standby commitment authority .....................................

01.99

¥0.33
¥0.33

¥0.27
¥0.27

10
10

11
11

As required by the Federal Credit Reform Act of 1990,
this account records the administrative expenses of this program. The administrative expenses are estimated on a cash
basis.
f

GUARANTEES

MORTGAGE-BACKED SECURITIES FINANCING
ACCOUNT

Program and Financing (in millions of dollars)
2003 est.

1,696

2004 est.

2,084

1,705

2,094

2,489

00.91

¥9

¥10

¥11

07.99

1,696

2,084

2,478

Program and Financing (in millions of dollars)
2003 est.

2002 actual

Identification code 86–4240–0–3–371

Total: Balances and collections ....................................
Appropriations:
05.00 Guarantees of mortgage-backed securities loan guarantee program account .............................................

2003 est.

2004 est.

Obligations by program activity:
Operating expenses ........................................................
Capital investment ........................................................

46
27

4
102

4
41

08.01

Subtotal, Operating expenses and capital investment ......................................................................
Payment to receipt account for negative subsidy ........

73
354

106
396

45
405

10.00

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

427

502

450

21.40
22.00

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

666
530

769
542

809
548

23.90
23.95
24.40

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

1,196
¥427
769

1,311
¥502
809

1,357
¥450
907

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

530

542

548

26
427
¥418
35
418

35
502
¥498
39
498

39
450
¥448
41
448

2004 est.

Obligations by program activity:
00.01 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

11
¥11

New budget authority (gross), detail:
Discretionary:
40.20
Appropriation (special fund) .....................................

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

Frm 00039

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200,000

9
9

04.00

Jkt 193833

200,000

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

405

15:14 Jan 23, 2003

200,000

¥405

398

VerDate Dec 13 2002

150,000
50,000

¥396

354

73.10

120,000
80,000

¥354

00.01
00.02

Identification code 86–0186–0–1–371

174,853
25,147

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

1,351

2002 actual

2004 est.

233901 Total subsidy budget authority ......................................
¥363
¥396
¥405
Guaranteed loan subsidy outlays:
234001 Ginnie Mae mortgage-backed securities .......................
¥354
¥396
¥405
234002 Standby commitment authority ..................................... ................... ................... ...................

Balance, start of year ....................................................
Receipts:
02.20 Negative subsidies .........................................................

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

2003 est.

232901 Weighted average subsidy rate .....................................
¥0.33
¥0.33
¥0.27
Guaranteed loan subsidy budget authority:
233001 Ginnie Mae mortgage-backed securities .......................
¥363
¥396
¥405
233002 Standby commitment authority ..................................... ................... ................... ...................

Unavailable Collections (in millions of dollars)
2002 actual

2002 actual

Identification code 86–0186–0–1–371

513

72.40
73.10
73.20
74.40
87.00

Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

514

GOVERNMENT NATIONAL MORTGAGE ASSOCIATION—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2004
NET POSITION:
Cumulative results of operations ............

656

3999

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

4999

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

Credit accounts—Continued
GUARANTEES

3300

MORTGAGE-BACKED SECURITIES FINANCING
ACCOUNT—Continued

Program and Financing (in millions of dollars)—Continued
2002 actual

Identification code 86–4240–0–3–371

2003 est.

¥52

¥31

¥38

¥376
¥48
¥30
¥24

¥365
¥83
¥39
¥24

¥390
¥52
¥44
¥24

88.90

¥530

¥542

¥548

89.00
90.00

Status of Guaranteed Loans (in millions of dollars)
2002 actual

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

200,000
200,000

2210
2231
2251

604,309
174,853
¥210,933

568,229
120,000
¥90,508

597,721
150,000
¥106,733

2290

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

568,229

597,721

640,988

568,229

597,721

1803
1999

Total assets ........................................
LIABILITIES:
Non-Federal liabilities:
2201
Accounts payable ................................
2207
Other ...................................................
2999

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

VerDate Dec 13 2002

15:14 Jan 23, 2003

2002 actual

805
30

2003 est.

813
30

821
32

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

–2

–11

–15

736

846

874

893

59
21

75
21

81
21

85
21

102

106

Frm 00040

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MORTGAGE-BACKED SECURITIES LIQUIDATING
ACCOUNT

2002 actual

Identification code 86–4238–0–3–371

2003 est.

2004 est.

01.99

Balance, start of year .................................................... ................... ................... ...................
Receipts:
02.80 Guarantees of mortgage-backed securities liquidating
account, offsetting collections ..................................
400
389
392
Appropriations:
05.00 Guarantees of mortgage-backed securities liquidating
account ......................................................................
¥400
¥389
¥392
Balance, end of year ..................................................... ................... ................... ...................

2002 actual

Obligations by program activity:
Administrative contract expenses .................................. ...................
Operating expenses:
00.02
Default expenses ....................................................... ...................
00.03
Servicing expenses ....................................................
1
00.01

PO 00000

2003 est.

2004 est.

11
1

1
1

103

01.01

Total operating expenses ......................................
Capital investment:
Advances of guaranty payments ...............................

10.00

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

160

21.40
22.00

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

6,589
400

6,950
480

7,270
432

23.90
23.95
24.40

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

6,989
¥39
6,950

7,430
¥160
7,270

7,702
¥77
7,625

New budget authority (gross), detail:
Mandatory:
60.00
Appropriation ............................................................. ...................
69.00 Offsetting collections (cash) .........................................
400

91
389

40
392

70.00

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

400

480

432

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

¥66
39
¥12
¥39

¥39
160
¥170
¥49

¥49
77
¥77
¥49

86.97

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

170

¥355

¥346

¥353

¥42
¥2
¥1

¥38
¥3
¥2

¥36
¥2
¥1

¥400

¥389

¥392

91
¥219

40
¥315

2004 est.

Value of assets related to direct
loans ..........................................
Other Federal assets: Property, plant
and equipment, net ............................

893

640,988

Balance Sheet (in millions of dollars)

1699

787

874

Unavailable Collections (in millions of dollars)

00.91

Operating Results.—Fee collections, interest, and other income are expected to exceed expenses by $94 million in 2002;
$74 million in 2003 and $112 million in 2004. These amounts
will be retained against losses that may be incurred on guarantees.

693
32

772

846

Identification code 86–4238–0–3–371

200,000
200,000
200,000
38,343
59,419 ...................
¥59,419 ................... ...................
259,419
259,419

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 ..............................
1603
Allowance for estimated uncollectible
loans and interest (–) ....................

750

736

Program and Financing (in millions of dollars)

178,924
178,924

2001 actual

656

2004 est.

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

Identification code 86–4240–0–3–371

GUARANTEES

07.99

2003 est.

2150
2199

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

787

Identification code 86–4240–0–3–371

772

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.

2004 est.

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 .................................................
88.40
Repayment of advances ...................................
Total, offsetting collections (cash) ..................

750

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 ...............................
88.90

89.00
90.00

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

Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

POLICY DEVELOPMENT AND RESEARCH
Federal Funds

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Memorandum (non-add) entries:
Total investments, start of year: Federal securities:
Par value ...................................................................
92.02 Total investments, end of year: Federal securities:
Par value ...................................................................

515

3999

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

6,120

6,465

6,708

6,970

4999

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

6,655

7,004

7,267

7,539

92.01

1 This

6,575

6,958

7,180

6,958

7,180

7,452

line nets unpaid obligations and offsetting collections from new Federal sources.

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.

Status of Direct Loans (in millions of dollars)
2002 actual

Identification code 86–4238–0–3–371

Cumulative balance of direct loans outstanding:
Outstanding, start of year .............................................
Disbursements: Purchase of loans assets from the
public .........................................................................
1252 Repayments: Proceeds from loan asset sales to the
public or discounted .................................................
1263 Write-offs for default: Direct loans ...............................
1210
1232

1290

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

Object Classification (in millions of dollars)
2003 est.

2004 est.

2002 actual

Identification code 86–4238–0–3–371

2003 est.

2004 est.

110

102

25.2
33.0

Other services ................................................................
Investments and loans ..................................................

1
38

103
57

42
35

99.9

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

160

¥45
¥1

¥40
¥1

¥37
¥2

102

POLICY DEVELOPMENT AND RESEARCH
Federal Funds
General and special funds:

Status of Guaranteed Loans (in millions of dollars)
2002 actual

Identification code 86–4238–0–3–371

2003 est.

2210
2251

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

134
¥12

122
¥12

110
¥14

2290

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

122

110

2299

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

122

110

Operating results.—Fee collections, interest, and other income are expected to exceed expenses by $229 million in
2003 and $273 million in 2004. 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)
Identification code 86–4238–0–3–371

2001 actual

2002 actual

0101
0102

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

383
..................

346
..................

349
–120

355
–82

0105

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

383

346

229

273

0199

Total comprehensive income ...................

383

346

2003 est.

229

2004 est.

273

Balance Sheet (in millions of dollars)
2001 actual

Identification code 86–4238–0–3–371

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 (–) ....................
1699

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

1999

Total liabilities ....................................
NET POSITION:
3300 Cumulative results of operations ............
VerDate Dec 13 2002

15:14 Jan 23, 2003

2002 actual

2003 est.

RESEARCH

2004 est.

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, $51,000,000, to remain
available until September 30, 2005, of which $7,500,000 shall be
for program evaluations and $2,000,000 shall be for activities to support the removal of barriers to affordable housing.
Note.—A regular 2003 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 107–229, as amended). The amounts included for 2003 in this budget reflect the
Administration’s 2003 policy proposals.

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0108–0–1–451

2003 est.

2004 est.

00.01
00.02
00.03

Obligations by program activity:
Housing Research ..........................................................
PATH ...............................................................................
Millennial Housing Commission ....................................

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

3
49

4 ...................
47
51

23.90
23.95
24.40

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

52
51
51
¥48
¥51
¥51
4 ................... ...................

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
41.00
Transferred to other accounts ...................................

50
47
51
¥1 ................... ...................

38
49
51
8
2 ...................
2 ................... ...................
51

2004 est.

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

6,557
85
2

6,935
60
2

7,180
75
1

7,452
74
1

110

102

–99

–95

–87

–82

43.00

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

72.40
73.10
73.20
73.40
74.40

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................
Adjustments in expired accounts (net) .........................
Obligated balance, end of year .....................................
Outlays (gross), detail:
Outlays from new discretionary authority .....................
Outlays from discretionary balances .............................

20
37

19
32

20
30

51
41
41
48
51
51
¥57
¥51
¥50
¥1 ................... ...................
41
41
42

86.90
86.93

6,655

7,004

7,267

7,539

87.00

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

20
515

22
517

21
538

20
549

89.00
90.00

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

49
57

47
51

51
50

535

539

559

569

6,120

6,465

6,708

6,970

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The Housing and Urban Development Act of 1970 directs
the Secretary to undertake programs of research, studies,
Sfmt 3616

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HUD

516

POLICY DEVELOPMENT AND RESEARCH—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2004

General and special funds—Continued
RESEARCH

AND

TECHNOLOGY—Continued

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 2004, the research program will expand funding for program evaluations and cover some of the increased costs associated with analyzing newly available 2000 census data to determine their implications for HUD programs. National Housing Surveys will continue in 2004. 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)
2002 actual

Identification code 86–0108–0–1–451

2003 est.

2004 est.

25.2
41.0

Other services ................................................................
Grants, subsidies, and contributions ............................

45
3

46
5

45
6

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, $50,000,000, to remain available until September 30, 2005,
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.
Note.—A regular 2003 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 107–229, as amended). The amounts included for 2003 in this budget reflect the
Administration’s 2003 policy proposals.

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0144–0–1–751

2003 est.

2004 est.

00.01
00.02

Obligations by program activity:
Fair housing assistance ................................................
Fair housing initiatives ..................................................

28
24

27
20

31
20

10.00

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

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

31
46

23
46

22
50

86.93

Outlays from discretionary balances .............................

87.00

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

89.00
90.00

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

46
43

46
47

50
46

The Budget proposes an appropriation of $50 million in
2004 to fund fair housing activities that support efforts to
end housing discrimination. Of the amount requested, $30
million is for the Fair Housing Assistance Program and $20
million is for the Fair Housing Initiatives Program.
The Fair Housing Assistance Program (FHAP), authorized
by title VIII of the Civil Rights Act of 1968 as amended,
provides funding to State and local agencies to assure prompt
and effective processing of Title VIII (Civil Rights Act of 1968)
complaints.
The funding requested for FHAP will support fair housing
enforcement by increasing funding to support additional State
and local fair housing organizations to meet the needs of
currently underserved populations. It will also address the
persistent high rate of discrimination against minorities as
identified by the 2000 Housing Discrimination Study. It is
estimated that the number of new State and local agencies
with laws equivalent to the Fair Housing Act will increase
to 99 in 2004 from 98 in 2003.
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, $136,000,000, to remain available until September 30, 2005,
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 leadbased paint poisoning and other housing-related diseases and hazards.
Note.—A regular 2003 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 107–229, as amended). The amounts included for 2003 in this budget reflect the
Administration’s 2003 policy proposals.

Program and Financing (in millions of dollars)
23.90
23.95
23.98
24.40

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

77
69
72
¥52
¥47
¥51
¥2 ................... ...................
23
22
21

45
52
¥43
53

53
47
¥47
53

53
51
¥46
59

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

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2003 est.

2004 est.

00.01

Obligations by program activity:
Lead abatement .............................................................

136

186

10.00

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

136

186

21.40
22.00
22.10

86
110

110
126

100
136

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

VerDate Dec 13 2002

2002 actual

Identification code 86–0174–0–1–451

23.90
23.95
24.40

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

Sfmt 3643

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HUD

4 ................... ...................
200
¥90
110

236
¥136
100

236
¥186
50

MANAGEMENT AND ADMINISTRATION
Federal Funds

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................

517

MANAGEMENT AND ADMINISTRATION
110

126

136

Federal Funds
General and special funds:

72.40
73.10
73.20
73.40
73.45
74.40

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

86.90
86.93

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

2
93

3
98

3
107

87.00

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

101

110

89.00
90.00

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

110
95

126
101

136
110

196
187
222
90
136
186
¥95
¥101
¥110
¥1 ................... ...................
¥4 ................... ...................
187
222
298

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 2004 Budget includes
a $10 million increase to $116 million for HUD’s Lead Hazard
Control Program competitive grants and operation LEAP.
Technical studies, technical assistance and the Healthy
Homes Initiative are both funded at $10 million. Operation
LEAP funds will be used to leverage other private and public
sector resources for the lead hazard control program.
The Lead Hazard Control Grant Program provides grants
of $1 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 injuries that are
caused by housing related factors. The initiative 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.

VerDate Dec 13 2002

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SALARIES
(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, $1,112,130,000, of which $564,000,000
shall be provided from the various funds of the Federal Housing
Administration, $10,695,000 shall be provided from funds of the Government National Mortgage Association, $1,000,000 shall be provided
from the ‘‘Community development loan guarantees program’’ account,
$150,000 shall be provided by transfer from the ‘‘Native American
housing block grants’’ account, $250,000 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.
Note.—A regular 2003 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 107–229, as amended). The amounts included for 2003 in this budget reflect the
Administration’s 2003 policy proposals.

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–0143–0–1–999

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

2003 est.

2004 est.

217
39
41

201
36
38

211
38
40

45
208
546

42
193
560

44
203
576

09.99

Total reimbursable program ......................................

546

560

576

10.00

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

1,096

1,070

1,112

22.00
23.95
23.98

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

1,101
1,070
1,112
¥1,096
¥1,070
¥1,112
¥4 ................... ...................

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
40.73
Reduction pursuant to P.L. 107–206 .......................

556
510
536
¥1 ................... ...................

43.00
68.00

Appropriation (total discretionary) ........................
Spending authority from offsetting collections: Offsetting collections (cash) ..............................................

555

510

536

546

560

576

70.00

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

1,101

1,070

1,112

72.40
73.10
73.20
73.40
74.40

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................
Adjustments in expired accounts (net) .........................
Obligated balance, end of year .....................................

86.90
86.93

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

1,021
115

953
127

988
117

87.00

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

1,136

1,080

1,105

Offsets:
Against gross budget authority and outlays:
88.00
Offsetting collections (cash) from: Federal sources

¥546

¥560

¥576

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HUD

174
130
120
1,096
1,070
1,112
¥1,136
¥1,080
¥1,105
¥5 ................... ...................
130
120
127

518

MANAGEMENT AND ADMINISTRATION—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2004

General and special funds—Continued
SALARIES
(INCLUDING

Program and Financing (in millions of dollars)

EXPENSES—Continued

AND

Program and Financing (in millions of dollars)—Continued
2002 actual

Identification code 86–0143–0–1–999

99.00
99.01

2003 est.

555
590

510
520

536
529

Additional net budget authority and outlays to cover cost of fully accruing retirement:
Budget authority ............................................................
51
51
Outlays ...........................................................................
51
51

51
51

Object Classification (in millions of dollars)
2002 actual

Identification code 86–0143–0–1–999

Direct obligations:
Personnel compensation:
Full-time permanent .............................................
Other than full-time permanent ...........................
Other personnel compensation .............................

2003 est.

323
4
2

335
5
2

322
75
9
1
47

329
77
10
1
46

342
80
10
1
51

13
2
50
5

13
2
20
2

15
2
22
2

25.4
25.7
26.0
31.0
42.0

Total personnel compensation .........................
Civilian personnel benefits .......................................
Travel and transportation of persons .......................
Transportation of things ...........................................
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 .................................................................
Insurance claims and indemnities ...........................

99.0
99.0

Direct obligations ..................................................
Reimbursable obligations ..............................................

550
546

510
560

536
576

99.9

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

1,096

1,070

1,112

24.0
25.1
25.2
25.3

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

68
27

75
23

76
24

10.00

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

100

22.00
23.95

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

95
¥95

98
¥98

100
¥100

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
68.00 Spending authority from offsetting collections: Offsetting collections (cash) ..............................................

70.00

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

100

72.40
73.10
73.20
73.40
74.40

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................
Adjustments in expired accounts (net) .........................
Obligated balance, end of year .....................................

86.90
86.93

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

82
16

81
15

83
17

87.00

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

100

Offsets:
Against gross budget authority and outlays:
88.00
Offsetting collections (cash) from: Federal sources

¥27

¥23

¥24

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

68
70

75
73

76
76

17
7
7
1
1
1
1 ................... ...................
3
2
2
3 ...................
1
1 ................... ...................

89.00
90.00

99.00
99.01

Direct:
1001 Total compensable workyears: Civilian full-time equivalent employment ......................................................
Reimbursable:
2001 Total compensable workyears: Civilian full-time equivalent employment ......................................................

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.

2003 est.

2004 est.

4,500

11.1
11.5

4,440

4,830

11.9
12.1
21.0
23.1
23.3

For necessary expenses of the Office of Inspector General in carrying
out the Inspector General Act of 1978, as amended, $100,080,000,
of which $24,000,000 shall be provided from the various funds of
the Federal Housing Administration: 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.

25.1
25.3

INSPECTOR GENERAL

Note.—A regular 2003 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 207–229, as amended). The amounts included for 2003 in this budget reflect the
Administration’s 2003 policy proposals.

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2002 actual

Identification code 86–0189–0–1–451

4,473

OFFICE

4
4

Object Classification (in millions of dollars)
2002 actual

Identification code 86–0143–0–1–999

26
22
24
95
98
100
¥98
¥96
¥100
¥1 ................... ...................
22
24
24

Additional net budget authority and outlays to cover cost of fully accruing retirement:
Budget authority ............................................................
4
4
Outlays ...........................................................................
4
4

Personnel Summary

VerDate Dec 13 2002

2004 est.

00.01
09.01

2004 est.

315
5
2

11.9
12.1
21.0
22.0
23.1
23.3

2003 est.

2004 est.

This appropriation finances all salaries and related costs
associated with administering the programs of the Department of Housing and Urban Development, including: housing
and mortgage credit programs; community planning and development programs; equal opportunity, research, regulatory
and insurance programs; departmental management, and
legal services; and, field direction and administration.

11.1
11.3
11.5

2002 actual

Identification code 86–0189–0–1–451

TRANSFER OF FUNDS)—Continued

Direct obligations:
Personnel compensation:
Full-time permanent .............................................
Other personnel compensation .............................

2003 est.

2004 est.

35
2

41
2

37
10
4
5

43
11
4
6

43
12
4
6

1
8

1
7

26.0
31.0

1
1
1

99.0
99.0

Direct obligations ..................................................
Reimbursable obligations ..............................................

68
27

75
23

76
24

99.9

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

100

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HUD

MANAGEMENT AND ADMINISTRATION—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
07.99

Personnel Summary
2002 actual

Identification code 86–0189–0–1–451

2003 est.

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

2004 est.

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–5272–0–2–371

467

517

181

158

519

2003 est.

2004 est.

509
00.01

Obligations by program activity:
Direct program ...............................................................

10.00

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

22.00
23.95

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

27
¥27

30
¥30

32
¥32

New budget authority (gross), detail:
Discretionary:
40.20
Appropriation (special fund) .....................................

72.40
73.10
73.20
74.40

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

5
27
¥27
5

5
30
¥29
6

6
32
¥31
7

86.90
86.93

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

23
4

24
5

26
6

87.00

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

89.00
90.00

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

27
27

30
29

32
31

166

CONSOLIDATED FEE FUND
(RESCISSION)
All unobligated balances remaining available from fees and charges
under section 7(j) of the Department of Housing and Urban Development Act on October 1, 2003 are rescinded.
Note.—A regular 2003 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 107–229, as amended). The amounts included for 2003 in this budget reflect the
Administration’s 2003 policy proposals.

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–5486–0–2–604

2003 est.

2004 est.

Obligations by program activity:
00.01 Direct Program Activity ..................................................

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

10.00

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

Total new obligations (object class 25.3) ................

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

16
¥7

23.90
23.95
24.40

9 ................... ...................
¥1 ................... ...................
8 ................... ...................

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

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

8 ...................
¥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 ................... ...................
¥1
1
1

87.00

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

89.00
90.00

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

¥7
1

¥1

¥8 ...................
¥1
¥1

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 2004, the budget proposes a rescission of all unobligated funds.
f

OFFICE

FEDERAL HOUSING ENTERPRISE OVERSIGHT
SALARIES
(INCLUDING

AND

EXPENSES

TRANSFER OF FUNDS)

99.00
99.01

Additional net budget authority and outlays to cover cost of fully accruing retirement:
Budget authority ............................................................
1
1
Outlays ...........................................................................
1
1

1
1

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 provide direct funding of OFHEO’s activities with mandatory
assessments on Fannie Mae and Freddie Mac.
Object Classification (in millions of dollars)
2002 actual

Identification code 86–5272–0–2–371

11.1
12.1
23.2
25.2
31.0
32.0

Direct obligations:
Personnel compensation: Personnel Compensation
Civilian personnel benefits .......................................
Rental payments to others ........................................
Other services ............................................................
Equipment .................................................................
Land and structures ..................................................

99.0
99.5

Direct obligations ..................................................
27
Below reporting threshold .............................................. ...................

99.9

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

2003 est.

2004 est.

13
16
19
3
4
5
2
3
3
1
5
3
6
1
1
2 ................... ...................

29
1

31
1

Unavailable Collections (in millions of dollars)
2002 actual

Identification code 86–5272–0–2–371

2003 est.

01.99

Balance, start of year .................................................... ................... ................... ...................
Receipts:
02.60 Office of federal housing enterprise oversight .............
27
30
32
Appropriations:
05.00 Office of federal housing enterprise oversight .............
¥27
¥30
¥32
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Personnel Summary

2004 est.

Fmt 3616

2002 actual

Identification code 86–5272–0–2–371

1001

Direct:
Total compensable workyears: Civilian full-time equivalent employment ......................................................

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HUD

112

2003 est.

135

2004 est.

151

520

MANAGEMENT AND ADMINISTRATION—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2004

Intragovernmental funds:
WORKING CAPITAL FUND
For additional capital for Working Capital 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, $276,300,000 to remain available until September 30, 2005:
Provided, That any amounts transferred to this Fund under this Act
shall remain available until expended.
Note.—A regular 2003 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 107–229, as amended). The amounts included for 2003 in this budget reflect the
Administration’s 2003 policy proposals.

Program and Financing (in millions of dollars)
2002 actual

Identification code 86–4586–0–4–451

00.01
09.01

Obligations by program activity:
Direct Program Activity .................................................. ...................
Reimbursable program ..................................................
314

10.00

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

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 .......

2003 est.

2004 est.

25.1
26.0
31.0

372
¥314
58

411
¥384
27

370
¥351
19

99.0

Reimbursable obligations .....................................

314

108

99.9

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

314

384

351

71
314
¥277
¥3

125
384
¥413
¥2

94
351
¥341
¥2

99.0
11.1
12.1
21.0
23.3

Direct obligations .................................................. ...................
276
276
Reimbursable obligations:
Personnel compensation: Full-time permanent ........
28 ................... ...................
Civilian personnel benefits .......................................
7 ................... ...................
Travel and transportation of persons .......................
1 ................... ...................
Communications, utilities, and miscellaneous
charges .................................................................
47 ................... ...................
Advisory and assistance services .............................
209
108
75
Supplies and materials .............................................
1 ................... ...................
Equipment .................................................................
21 ................... ...................

Personnel Summary
2002 actual

Identification code 86–4586–0–4–451

2003 est.

2004 est.

Direct:
1001 Total compensable workyears: Civilian full-time equivalent employment ...................................................... ...................
380
380
Reimbursable:
2001 Total compensable workyears: Civilian full-time equivalent employment ......................................................
354 ................... ...................
f

19 ................... ...................
125
94
102

Outlays (gross), detail:
Outlays from new discretionary authority ..................... ...................
213
213
Outlays from discretionary balances ............................. ................... ...................
63
Outlays from new mandatory authority .........................
277
75
65
Outlays from mandatory balances ................................ ...................
125 ...................
277

413

341

¥364

¥75

¥65

19 ................... ...................

276
338

276
276

Additional net budget authority and outlays to cover cost of fully accruing retirement:
Budget authority ............................................................
2
2
Outlays ...........................................................................
2
2

2
2

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
Jkt 193833

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158
1
35

341

15:14 Jan 23, 2003

40
158
1
35

27
341

VerDate Dec 13 2002

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

58
351

351

99.00
99.01

34
6
2

24
345

345

89.00
90.00

34
6
2

351

345

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

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

384

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

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

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

2004 est.

314

70.00

87.00

11.1
12.1
21.0
23.3

2003 est.

276
75

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

86.90
86.93
86.97
86.98

2002 actual

Identification code 86–4586–0–4–451

276
108

69.90

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

Object Classification (in millions of dollars)

25.1
26.0
31.0

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation ............................................................. ...................
276
276
Mandatory:
69.00
Offsetting collections (cash) .....................................
364
75
65
69.10
Change in uncollected customer payments from
Federal sources (unexpired) ..................................
¥19 ................... ...................

72.40
73.10
73.20
73.45
74.00

2001 and 2002 the fund was financed from fees charged for
services performed. In 2003 and 2004, 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.

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ADMINISTRATIVE PROVISIONS
SEC. 201. Section 3(a)(3) of the United States Housing Act of 1937
is amended in subsection (A) by striking the words, ‘‘non-elderly, nondisabled’’ before the word ‘‘family’’ the first time it appears, and thereafter, and by striking the words, ‘‘not more than’’, and inserting in
lieu thereof the words, ‘‘at least’’, before the words ‘‘$50 per month,’’
and in subsection (B) by deleting the entire subsection and inserting
the words ‘‘Not withstanding subparagraph (A), a hardship exemption
may be granted on a case-by-case basis as determined by the Secretary.
SEC. 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 2004 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 2004
under such clause (ii) because the areas in the State outside of
the metropolitan statistical areas that qualify under clause (i) in
fiscal year 2004 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 2004, 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. 203. (a) Notwithstanding any other provision of law, the
amount allocated for fiscal year 2004 and thereafter to the City of
Philadelphia, Pennsylvania on behalf of the Philadelphia, PA–NJ PriSfmt 3616

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HUD

MANAGEMENT AND ADMINISTRATION—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
mary Metropolitan Statistical Area (hereafter ‘metropolitan area’),
under section 854(c) of the AIDS Housing Opportunity Act (42 U.S.C.
12903(c)), shall be adjusted by the Secretary of Housing and Urban
Development by allocating to the State of New Jersey the proportion
of the metropolitan area’s amount that is based on the number of
cases of AIDS reported in the portion of the metropolitan area that
is located in New Jersey. The State of New Jersey shall use amounts
allocated to the State under this subsection to carry out eligible activities under section 855 of the AIDS Housing Opportunity Act (42 U.S.C.
12904) in the portion of the metropolitan area that is located in
New Jersey.
(b) Notwithstanding any other provision of law, the Secretary of
Housing and Urban Development shall allocate to Wake County,
North Carolina, the amounts that otherwise would be allocated for
fiscal year 2004 and thereafter 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.
SEC. 204. (a) During fiscal year 2004, in the provision of rental
assistance under section 8(o) of the United States Housing Act of
1937 (42 U.S.C. 1437f(o)) in connection with a program to demonstrate
the economy and effectiveness of providing such assistance for use
in assisted living facilities that is carried out in the counties of the
State of Michigan specified in subsection (b) of this section, notwithstanding paragraphs (3) and (18)(B)(iii) of such section 8(o), a family
residing in an assisted living facility in any such county, on behalf
of which a public housing agency provides assistance pursuant to
section 8(o)(18) of such Act, may be required, at the time the family
initially receives such assistance, to pay rent in an amount exceeding
40 percent of the monthly adjusted income of the family by such
a percentage or amount as the Secretary of Housing and Urban Development determines to be appropriate.
(b) The counties specified in this subsection are Oakland County,
Macomb County, Wayne County, and Washtenaw County, in the State
of Michigan.
SEC. 205. 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.—
(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 loan’’ after ‘‘grant’’ each place it appears;
(6) in paragraph (7), by striking subparagraph (D); and
(7) by striking paragraph (5) and redesignating paragraphs (6)
and (7) as (5) and (6).
SEC. 208. Development-Based Subsidies.
(a) IN GENERAL.—Section 9 of the United States Housing Act of
1937 (42 U.S.C. 1437g) is amended by adding at the end the following
new subsection:
‘‘(o) DEVELOPMENT-BASED SUBSIDIES.—
‘‘(1) IN GENERAL.—In order to facilitate the financing of capital
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521

ability, 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 structures receiving project-based voucher assistance, which structures may be on or off the original site of the
public housing project, provided—
‘‘(A) that the number of public housing units converted under
this subsection shall be equal to the number of units receiving
project-based voucher assistance under 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 acquisition or capital improvements under terms established by the Secretary; and
‘‘(B) that the Secretary shall not approve the conversion of any
public housing project or portion of a project that is owned by
a public housing agency that is not in compliance with the provisions of subsection (j) at such time as the Secretary is asked
to consider such approval.
‘‘For purposes of this subsection and any other section or subsection
of this Act, where the Secretary determines that such construction
would assist with the execution of this subsection, any reference to
a project or dwelling unit owned by a public housing agency shall
be deemed to include a project or dwelling unit owned by an entity
controlled by such agency.
(2) FUNDING OF VOUCHERS.—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. Any renewal
of such contracts shall be funded with appropriated amounts available for the renewal of assistance under section 8.
‘‘(3) Project-based voucher assistance provided under 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 subsection
(d)(3) of this section to be operated and maintained as public
housing (restricted use period), subject to the availability of sufficient appropriated funds for the purpose of renewing expiring
contracts for assistance payments, as provided in advance 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 predominantly occupied by elderly persons or persons with disabilities, or both, become vacant,
the public housing agency may rent up to one-fourth 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) if 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
‘‘(II) if the Secretary provides for termination of the restricted
use period pursuant to subclause (I) and if the contract for projectbased assistance is also being terminated or is expiring, the Secretary shall make available enhanced voucher assistance under
section 8(t) to any eligible 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 governing body of the locality involved and the
public housing agency;
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522

MANAGEMENT AND ADMINISTRATION—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2004

Intragovernmental funds—Continued
ADMINISTRATIVE PROVISIONS—Continued
‘‘(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 rent level for a unit converted to project-based voucher
assistance under this subsection may be set 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
(including 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 specify alternative requirements for, applicable provisions of this Act where the Secretary
determines that such waiver or requirements would facilitate a
successful transition from public housing to project-based voucher
assistance.
‘‘(4) TREATMENT OF CONVERSION.—The conversion of public housing units to project-based voucher assistance under this subsection,
including any disposition of public housing units to an entity controlled by the public housing agency prior to but in furtherance
of such conversion, shall not be considered a disposition under section 18 of this Act.
‘‘(5) FEDERAL GUARANTEES FOR FINANCING.—
‘‘(A) AUTHORITY.—Subject to the Federal Credit Reform Act of
1990, as amended, the Secretary may, upon such terms and conditions as the Secretary may prescribe regulations, make commitments to guarantee total loan principal only, not to exceed 80
percent of the principal amount of the loans, notes or other obligations issued to finance qualified, necessary acquisition or capital
improvements of units converted under this subsection.
‘‘(B) TERMS OF LOANS.—Loans, notes or other obligations guaranteed pursuant to this subsection shall be in such form and
denominations, have such maturities not to exceed forty years,
and be subject to such conditions as may be prescribed by the
Secretary.
‘‘(C) SECURITY.—As a condition for issuing guarantees under
this subsection, the Secretary shall require the entity to furnish,
at the discretion of the Secretary, such security as may be deemed
appropriate by the Secretary in making such guarantees. In addition, in connection with any loan, note, or other obligation guaranteed pursuant to this subsection, the Secretary may require
the payment of a premium charge, which premium charge shall
be retained and used by the Secretary to offset the risk to the
government associated with such guarantee.
‘‘(D) REMEDIES.—In addition to other available remedies, with
respect to any property securing a loan, note, or other obligation
guaranteed under this subsection, or with respect to any such
guarantee, the Secretary is hereby authorized to—
‘‘(1) acquire possession of, or title to, the property by voluntary
conveyance in exchange for extinguishment of the loan, note,
or other obligation guaranteed under this subsection;
‘‘(2) institute proceedings for foreclosure, including proceedings under the Multifamily Mortgage Foreclosure Act of
1981 (12 U.S.C. 3701 et seq.); or
‘‘(3) take action the Secretary determines to be necessary to
prevent or mitigate losses in connection with the guarantee
under this subsection.
‘‘The Secretary is authorized to accept assignment of any loan, note
or other obligation guaranteed under this subsection and to exercise
all the rights of a holder of such debt instrument, including the
right to sell such loan, note, or other obligation, and to take such
action and advance such sums as may be necessary to preserve or
protect the lien of such loan, note or other obligation.
‘‘(E) AUTHORIZATION OF APPROPRIATIONS FOR CREDIT SUBSIDY
AND OTHER COSTS OF CARRYING OUT THIS PARAGRAPH.—There
are authorized to be appropriated to cover the costs (as such
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term is defined in section 661a of title 2, United States Code)
of guarantees under this paragraph, the payment of amounts payable under such guarantees, and other costs of carrying out this
paragraph, such sums as may be necessary for fiscal year 2004
and fiscal years thereafter: 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.’’.
(b) USE OF CAPITAL FUND AMOUNTS FOR CONVERSION.—Section
9(d)(1) of the United States Housing Act of 1937 (42 U.S.C.
1437g(d)(1)) is amended—
(1) in subparagraph (I), by striking ‘‘; and’’ at the end;
(2) in subparagraph (J), by striking the period and inserting
‘‘; and’’; and
(3) 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 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,
initial contributions to any necessary reserves, 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’’.
SEC. 211. Section 11 of the Housing Opportunity Program Extension
Act of 1996 (42 U.S.C. 12805 note; P.L. 104–120) is amended in
subsection (d)(2) by adding the following new paragraph after paragraph (B): ‘‘(C) LAND COSTS IN THE COLONIAS.—Paying the remaining
land costs of a family in the colonias on which a dwelling will be
developed.’’.
SEC. 212. INCREASED FLEXIBILITY FOR PAYMENT OF INTEREST ON
SINGLE FAMILY CLAIMS.
Section 224 of the National Housing Act (12 U.S.C. 1735o) is
amended by adding the following new sentence at the end of the
first paragraph: ‘‘Notwithstanding the preceding sentence and the following paragraph, if an insurance claim is paid in cash for any
mortgage that is insured under section 203 or 234 of this Act and
is endorsed for mortgage insurance after the date of enactment of
this sentence, the debenture interest rate for purposes of calculating
such a claim shall be the monthly average yield, for the month in
which the default on the mortgage occurred, on United States Treasury
Securities adjusted to a constant maturity of ten years.’’.
SEC. 213. The McKinney-Vento Homeless Assistance Act (42 U.S.C.
11301 et seq.) is amended—
(1) in section 101(b), by striking ‘‘INTERAGENCY COUNCIL ON THE
HOMELESS’’ and inserting ‘‘UNITED STATES INTERAGENCY COUNCIL
ON HOMELESSNESS’’;
(2) in section 102(b)(1), by striking ‘‘an Interagency Council on
the Homeless’’ and inserting ‘‘the United States Interagency Council
on Homelessness’’;
(3) in the heading for title II, by striking ‘‘INTERAGENCY
COUNCIL ON THE HOMELESS’’ and inserting ‘‘UNITED
STATES INTERAGENCY COUNCIL ON HOMELESSNESS’’;
(4) in sections 201, 207(1), 501(c)(2)(a), and 501(d)(3), by striking
‘‘Interagency Council on the Homeless’’ and inserting ‘‘United States
Interagency Council on Homelessness’’; and
(5) in section 204(c), by inserting after ‘‘reimbursable’’ the two
places it appears the following: ‘‘or nonreimbursable’’.
SEC. 214. FHA PAYMENT REWARDS PROGRAM.
Title II of the National Housing Act (12 U.S.C. 1707 et seq.) is
amended by adding the following new section at the end:
‘‘PAYMENT REWARDS FOR CERTAIN SINGLE FAMILY MORTGAGES
‘‘SEC. 257. For purposes of establishing an alternative to high cost
mortgages for borrowers with credit impairments, the Secretary may
insure under sections 203(b) and 234(c) of this title any mortgage
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MANAGEMENT AND ADMINISTRATION—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
that meets the requirements of such sections, except as provided in
the following sentences. The Secretary may establish lower percentage
of appraised value limitations than those provided in section
203(b)(2)(B). Notwithstanding section 203(c)(2)(B), the Secretary may
establish and collect annual premium payments in an amount not
exceeding 1.0 percent of the remaining insured principal balance and
such payments may be reduced or eliminated in subsequent years
based on mortgage payment performance. All mortgages insured pursuant to this section shall be obligations of the Mutual Mortgage
Insurance Fund notwithstanding section 519 of this Act.’’.

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523

GENERAL FUND RECEIPT ACCOUNTS
(in millions of dollars)
2002 actual

2003 est.

2004 est.

Offsetting receipts from the public:
86–271910 FHA-general and special risk, Negative subsidies ..................................................................................
451
86–271930 FHA-general and special risk, Downward reestimates of subsidies .......................................................
1,542
86–274330 Indian housing loan guarantees, downward
reestimates of subsidies .................................................... ...................
86–276230 Title VI indian loan guarantee downward reestimate .............................................................................. ...................

1,102 ...................

General Fund Offsetting receipts from the public .....................

1,456

Sfmt 3643

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HUD

1,993

352

263

1 ...................
1 ...................
263

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Full text of Budget of the United States Government - Appendix : Fiscal Year 2004 : Department of Housing and Urban Development

FRASER