Full text of Budget of the United States Government - Appendix : Fiscal Year 2007 : 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 2007
Budget for HUD includes major reform proposals for the Federal Housing Administration (FHA), the Community Development Block Grant (CDBG) program, and housing vouchers.
These reforms will enhance the effectiveness of HUD’s programs.
The Department continues to emphasize expanding homeownership opportunities for all. Toward that goal, as part
of a broader reform of FHA, two new programs are being
proposed for 2007. First, FHA will introduce a 100 percent
financing option for families who have good credit histories
but lack the savings needed for the downpayment on a home.
The second program will be directed toward families who
have impaired credit histories and would normally be served
only by the sub-prime market. Also, the HOME Investment
Partnerships Program is increased by $160 million. The funding includes $100 million for the American Dream Downpayment Initiative. The improved performance of FHA and other
homeownership efforts will help meet the goal of adding 5.5
million new minority homeowners by 2010.
The 2005 appropriation completed the shift of the Housing
Choice Voucher program to a budget-based as opposed to a
unit-based program. This shift was initiated by Congress in
2004 and will help in controlling the program’s upward spiral
in costs. Legislation has been proposed to provide Public
Housing Agencies with substantial new flexibility to manage
the voucher program in a way that controls costs and increases benefits to the two million families currently receiving
assistance.
HUD continues to focus on combating homelessness and
eliminating chronic homelessness with $1.54 billion for Homeless Assistance, including up to $200 million for a Samaritan
initiative to provide supportive housing linked to services for
chronically homeless persons. Homeless assistance includes
$25 million for HUD’s part in a three-agency faith-based Prisoner Reentry initiative.
Funding in the 2007 budget for the Fair Housing Assistance
and Fair Housing Initiatives programs (FHAP and FHIP) will
continue to strengthen the ability of public and private fair
housing groups, and partnerships between them, to enforce
the laws protecting all Americans against illegal housing discrimination. With the publication of the National Discrimination Study, HUD now has the information necessary to improve enforcement, reduce discrimination, and address accessibility issues.
The Community Development Block Grant program, along
with other federal programs for community and economic development, will be reformed in 2007 to increase the focus
and effectiveness of federal efforts to provide adequate economic opportunity in low-income communities. HUD will propose legislation soon to revise the CDBG allocation formulas,
to provide bonus funds tied to performance, and to make
further reforms to increase CDBG’s effectiveness. HUD will
continue to provide funds for Indian Community Development
and Native American Housing.
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.
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The 2007 budget includes $115 million in lead hazard reduction grants to continue the 10-year program to eradicate
lead hazards in housing.
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 evaluate the performance of programs, consistent with the Government Performance and Results Act of 1994.
The Department will continue the management reform effort initiated in 2001 and undertake further efforts in 2006
and 2007 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:
PREVENTION

RESIDENT DISPLACEMENT

Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0311–0–1–604

2006 est.

2007 est.

09.00

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

69 ...................

10.00

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

69 ...................

21.40
22.00

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year ...................
69 ...................
New budget authority (gross) ........................................
79 ................... ...................

23.90
23.95

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

24.40

Unobligated balance carried forward, end of year

69 ................... ...................

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

79 ................... ...................

72.40
73.10
73.20

Change in obligated balances:
Obligated balance, start of year ................................... ...................
Total new obligations ....................................................
10
Total outlays (gross) ...................................................... ...................

74.40

86.93

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

69 ...................
¥69 ...................

10 ...................
69 ...................
¥79 ...................

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

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

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

89.00
90.00

79
¥10

79 ...................

¥79 ................... ...................

HUD received $79 million from FEMA in 2005 via a mission assignment to provide housing assistance to families that
were affected by Hurricane Katrina. Eligible recipients included families that were previously assisted by HUD or those
that were homeless prior to Hurricane Katrina. Similar activities will be continued under the $390 million supplemental
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HUD

529

530

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007

General and special funds—Continued
PREVENTION

RESIDENT DISPLACEMENT—Continued

appropriation pursuant to P.L. 109–148, the Robert T. Stafford Disaster Relief and Emergency Act (42 U.S.C. 5121 et
seq.) under the Tenant-Based Rental Assistance account.
f

TENANT-BASED RENTAL ASSISTANCE

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(INCLUDING TRANSFER OF FUNDS)

For activities and assistance for the provision of tenant-based rental assistance authorized under the United States Housing Act of
1937, as amended (42 U.S.C. 1437 et seq.) (‘‘the Act’’ herein), not
otherwise provided for, ø$15,573,655,725¿ $15,920,000,000, to remain
available until expended, of which ø$11,373,656,000¿ $11,720,000,000
shall be available on October 1, ø2005¿ 2006, and $4,200,000,000
shall be available on October 1, ø2006¿ 2007: Provided, That the
amounts made available under this heading are provided as follows:
(1) ø$14,089,755,725¿ $14,436,200,000 for renewals of expiring
section 8 tenant-based annual contributions contracts (including
renewals of enhanced vouchers under any provision of law authorizing such assistance under section 8(t) of the Act): Provided, That
notwithstanding any other provision of law, from amounts provided
under this paragraph, the Secretary for the calendar year ø2006¿
2007 funding cycle shall provide renewal funding for each public
housing agency based on øeach public housing agency’s 2005 annual budget for renewal funding as calculated by HUD, prior to
prorations¿ the amount public housing agencies were eligible to
receive in calendar year 2006, and by applying the 2007 Annual
Adjustment Factor as established by the Secretary, and by making
any necessary adjustments for the costs associated with deposits
to Family Self-Sufficiency Program escrow accounts or the firsttime renewal of tenant protection or HOPE VI vouchers øor vouchers that were not in use during the 12-month period in order
to be available to meet a commitment pursuant to section 8(o)(13)
of the Act¿: Provided further, That the Secretary shall, to the
extent necessary to stay within the amount provided under this
paragraph, pro rate each public housing agency’s allocation otherwise established pursuant to this paragraph: øProvided further,
That except as provided in the following proviso, the entire amount
provided under this paragraph shall be obligated to the public
housing agencies based on the allocation and pro rata method described above:¿ Provided further, That public housing agencies participating in the Moving to Work demonstration shall be funded
pursuant to their Moving to Work agreements and shall be subject
to the same pro rata adjustments under the previous proviso: Provided further, That up to ø$45,000,000¿ $100,000,000 shall be available øonly: (1) to adjust the allocations for public housing agencies,
after application for an adjustment by a public housing agency
and verification by HUD, whose allocations under this heading
for contract renewals for the calendar year 2005 funding cycle
were based on verified VMS leasing and cost data averaged for
the months of May, June, and July of 2004 and solely because
of temporarily low leasing levels during such 3-month period did
not accurately reflect leasing levels and costs for the 2004 fiscal
year of the agencies; and (2) for adjustments for public housing
agencies that experienced a significant increase, as determined by
the Secretary, in renewal costs resulting from unforeseen circumstances or from the portability under section 8(r) of the United
States Housing Act of 1937 of tenant-based rental assistance: Provided further, That none of the funds provided in this paragraph
may be used to support a total number of unit months under
lease which exceeds a public housing agency’s authorized level of
units under contract¿ for additional rental subsidy due to unforeseen exigencies as determined by the Secretary and for the onetime funding of housing assistance payments resulting from the
portability provisions of the housing choice voucher program;
(2) ø$180,000,000¿ $149,300,000 for section 8 rental assistance
for relocation and replacement of housing units under lease that
are demolished or disposed of pursuant to the Omnibus Consolidated Rescissions and Appropriations Act of 1996 (Public Law 104–
134), conversion of section 23 projects to assistance under section
8, the family unification program under section 8(x) of the Act,
relocation of witnesses in connection with efforts to combat crime
in public and assisted housing pursuant to a request from a law
enforcement or prosecution agency, enhanced vouchers under any
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provision of law authorizing such assistance under section 8(t) of
the Act, HOPE VI vouchers, mandatory and voluntary conversions,
and tenant protection assistance including replacement and relocation assistance: Provided, That øno more than $12,000,000 can
be used for section 8 assistance to cover the cost of judgments
and settlement agreements¿ additional section 8 tenant protection
rental assistance costs may be funded in 2007 by utilizing unobligated balances, including recaptures and carryover, remaining from
funds appropriated to the Department of Housing and Urban Development under this heading, the heading ‘‘Annual Contributions for
Assisted Housing’’, the heading ‘‘Housing Certificate Fund’’, and
the heading ‘‘Project-based rental assistance’’, for fiscal year 2006
and prior years;
(3) ø$48,000,000¿ $47,500,000 for family self-sufficiency coordinators under section 23 of the Act;
(4) ø$5,900,000¿ $5,900,000 shall be transferred to the Working
Capital Fund; and
(5) ø$1,250,000,000¿ $1,281,100,000 for administrative and other
expenses of public housing agencies in administering the section
8 tenant-based rental assistance program, of which up to
ø$10,000,000¿ $30,000,000 shall be available to the Secretary to
allocate to public housing agencies that need additional funds to
administer their section 8 programs, with up to $20,000,000 to
be for fees associated with section 8 tenant protection rental assistance: Provided, That ø$1,240,000,000¿ $1,251,200,000 of the
amount provided in this paragraph shall be allocated for the calendar year ø2006¿ 2007 funding cycle on a pro rata basis to public
housing agencies based on the amount public housing agencies
were eligible to receive in calendar year ø2005¿ 2006: Provided
further, That all amounts provided under this paragraph shall be
only for activities related to the provision of tenant-based rental
assistance authorized under section 8, including related development activities. (Department of Housing and Urban Development
Appropriations Act, 2006.)
øFor an additional amount for housing vouchers for households
within the area declared a major disaster under the Robert T. Stafford Disaster Relief and Emergency Act (42 U.S.C. 5121 et seq.)
resulting from hurricanes in the Gulf of Mexico during calendar year
2005, $390,299,500, to remain available until September 30, 2007:
Provided, That such households shall be limited to those which, prior
to Hurricanes Katrina or Rita, received assistance under section 8
or 9 of the United States Housing Act of 1937 (Public Law 93–
383), section 801 or 811 of the Cranston-Gonzalez National Affordable
Housing Act (Public Law 101–625), the AIDS Housing Opportunity
Act (Public Law 101–625), or the Stewart B. McKinney Homeless
Assistance Act (Public Law 100–77); or those which were homeless
or in emergency shelters in the declared disaster area prior to Hurricanes Katrina or Rita: Provided further, That these funds are available for assistance, under section 8(o) of the United States Housing
Act of 1937: Provided further, That in administering assistance under
this heading the Secretary of Housing and Urban Development may
waive requirements for income eligibility and tenant contribution
under section 8 of such Act for up to 18 months: Provided further,
That all households receiving housing vouchers under this heading
shall be eligible to reoccupy their previous assisted housing, if and
when it becomes available: Provided further, That the amount provided under this heading is designated as an emergency requirement
pursuant to section 402 of H. Con. Res. 95 (109th Congress), the
concurrent resolution on the budget for fiscal year 2006.¿ (Emergency
Supplemental Appropriations Act to Address Hurricanes in the Gulf
of Mexico and Pandemic Influenza, 2006.)
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0302–0–1–604

00.01
00.02
00.03
00.05
00.06
00.07

Obligations by program activity:
Tenant Protection ...........................................................
125
Administrative Fees .......................................................
1,197
Family Self Sufficiency Coordinators ............................. ...................
Working Capital Fund ....................................................
3
Contract Renewals .........................................................
9,188
Disaster Assistance ....................................................... ...................

10.00

21.40
22.00

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

10,513

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year ...................
New budget authority (gross) ........................................
10,600

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HUD

2006 est.

2007 est.

215
149
1,241
1,281
93
48
6
6
13,950
14,436
390 ...................
15,895

15,920

87 ...................
15,808
15,920

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
23.90
23.95

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

24.40

Unobligated balance carried forward, end of year

10,600
¥10,513

15,895
¥15,895

15,920
¥15,920

4,158

4,200

in advance of the rescission of any funds derived from the headings
specified above:¿ Provided further, That any such balances governed
by reallocation provisions under the statute authorizing the program
for which the funds were originally appropriated shall be available
for the rescission: Provided further, That any obligated balances of
contract authority from fiscal year 1974 and prior that have been
terminated shall be cancelledø: Provided further, That no amounts
recaptured from amounts appropriated in prior years under this heading or the heading ‘‘Annual contributions for assisted housing’’ and
no carryover of such appropriated amounts for project-based assistance shall be available for the calendar year 2006 funding cycle
for activities provided for under the heading ‘‘Tenant-based rental
assistance’’¿. (Department of Housing and Urban Development Appropriations Act, 2006.)

10,600

15,808

15,920

Program and Financing (in millions of dollars)

Change in obligated balances:
Obligated balance, start of year ................................... ...................
Total new obligations ....................................................
10,513
Total outlays (gross) ......................................................
¥10,031

482
15,895
¥15,434

943
15,920
¥16,024

482

943

839

Outlays (gross), detail:
Outlays from new discretionary authority .....................
10,031
Outlays from discretionary balances ............................. ...................

14,904
530

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

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
10,685
11,764
11,720
40.33
Appropriation permanently reduced (P.L. 109–148) ...................
¥114 ...................
40.35
Appropriation permanently reduced ..........................
¥85 ................... ...................
43.00
55.00
55.33

Appropriation (total discretionary) ........................
10,600
Advance appropriation .............................................. ...................
Appropriation permanently reduced (P.L. 109–148) ...................

55.90

Advance appropriation (total discretionary) ......... ...................

70.00

72.40
73.10
73.20
74.40

86.90
86.93

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

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

11,650
11,720
4,200
4,200
¥42 ...................

15,124
900

00.01
00.02
00.03
00.05
00.11
00.12
00.16

Obligations by program activity:
Contract renewals ..........................................................
Contract Administrator ..................................................
Rental Assistance ..........................................................
Section 8 Amendments ..................................................
Administrative Fees .......................................................
Central Reserve ..............................................................
Family Self Sufficiency Coordinators .............................
Total new obligations (object class 41.0) ................

87.00

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

10,031

15,434

16,024

10.00

89.00
90.00

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

10,600
10,031

15,808
15,434

15,920
16,024

21.40
22.00
22.10

HOUSING CERTIFICATE FUND

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

Of the unobligated balances, including recaptures and carryover,
remaining from funds appropriated to the Department of Housing
and Urban Development under this heading, the heading ‘‘Annual
contributions for assisted housing’’, the heading ‘‘Tenant-based rental
assistance’’, and the heading ‘‘Project-based rental assistance’’, for
fiscal year ø2005¿ 2006 and prior years, ø$2,050,000,000¿
$2,000,000,000 is rescinded, to be effected by the Secretary no later
than September 30, ø2006¿ 2007: Provided, That, if insufficient funds
exist under these headings, the remaining balance may be derived
from any other heading under this title: øProvided further, That
the Secretary shall notify the Committees on Appropriations 30 days
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2006 est.

4,351
1,177
51
94
102
28
299
108
79
3
44
4
48 ...................

2007 est.

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

4,974

1,414 ...................

2,255
2,710

1,414 ...................
¥2,050
¥2,000

1,454
2,050
2,000
¥31 ................... ...................

23.90
23.95

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

24.40

Unobligated balance carried forward, end of year

1,414 ................... ...................

New budget authority (gross), detail:
Discretionary:
40.36
Unobligated balance permanently reduced ..............
55.00
Advance appropriation ..............................................
55.35
Advance appropriation permanently reduced ...........

¥1,456
¥2,050
¥2,000
4,200 ................... ...................
¥34 ................... ...................

55.90
60.00
60.49

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

62.50

6,388
¥4,974

1,414 ...................
¥1,414 ...................

4,166 ................... ...................
2,500
¥2,500

5,000
¥5,000

Appropriation (total mandatory) ........................... ................... ................... ...................
¥2,050

¥2,000

70.00

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

2,710

72.40
73.10
73.20
73.45

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

26,383
4,974
¥11,096
¥1,454

74.40

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

18,807

86.90
86.93

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

87.00

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

11,096

3,717

3,278

89.00
90.00

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

2,710
11,096

¥2,050
3,717

¥2,000
3,278

93.03
93.04

Memorandum (non-add) entries:
Obligated balance, start of year: Contract authority ...................
Obligated balance, end of year: Contract authority
15,741

15,741
10,741

10,741
5,741

(RESCISSION)

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2005 actual

Identification code 86–0319–0–1–604

Tenant Based Rental Assistance. The 2005 Appropriations
enacted several reforms to the funding structure of the Tenant-based Rental Assistance program (also known as the
Housing Choice Voucher Program) but allows limited flexibility on the part of Public Housing Agencies (PHAs) to adjust
to these changes. The Administration will continue to promote
the State and Local Housing Flexibility Act of 2005 that will
expand the dollar-based approach adopted by Congress and
include the necessary flexibility to run effective and efficient
programs. These reforms will improve the delivery of rental
and homeownership subsidies for low-income families in a
fiscally responsible manner, thereby ensuring the long-term
sustainability of the tenant-based voucher program. The proposal includes greater PHA discretion in meeting local housing objectives and provides for steady and predictable funding
levels adjusted annually for inflation.
In 2006 the Department of Housing the Urban Development
received $390 million for housing vouchers and administrative
fees to supplement Tenant-Based Rental Assistance pursuant
to P.L. 109–148 to assist households within the area declared
a major disaster under the Robert T. Stafford Disaster Relief
and Emergency Act (42 U.S.C. 5121 et seq.) resulting from
Hurricanes Katrina and Rita that were assisted by HUD,
homeless—on the street or in emergency shelters—prior to
Hurricanes Katrina and Rita. The Department will assist
these families for a period of 18 months.

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531

18,807
14,454
1,414 ...................
¥3,717
¥3,278
¥2,050
¥2,000
14,454

9,176

1,227 ................... ...................
9,869
3,717
3,278

The Housing Certificate Fund, until 2005, provided funding
to both project-based and tenant-based components of the Section 8 program. Project-based Rental Assistance and Tenantbased Rental Assistance are now separately funded accounts,
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HUD

532

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007

General and special funds—Continued
HOUSING CERTIFICATE FUND—Continued

23.95

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

24.40

Unobligated balance carried forward, end of year

¥4,688

¥5,647

¥5,676

610 ................... ...................

(RESCISSION)—Continued

and the Housing Certificate Fund retains balances from previous years’ appropriations and in 2007 includes a rescission
of $2 billion of those balances.

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
5,341
5,088
5,676
40.33
Appropriation permanently reduced (P.L. 109–148) ...................
¥51 ...................
40.35
Appropriation permanently reduced ..........................
¥43 ................... ...................

43.00

PROJECT-BASED RENTAL ASSISTANCE
(INCLUDING TRANSFER OF FUNDS)

For activities and assistance for the provision of project-based subsidy contracts under the United States Housing Act of 1937, as
amended (42 U.S.C. 1437 et seq.) (‘‘the Act’’ herein), not otherwise
provided for, ø$5,088,300,000¿ $5,675,700,000, to remain available
until expended: Provided, That the amounts made available under
this heading are provided as follows:
(1) ø$4,939,700,000¿ $5,526,240,000 for expiring or terminating
section 8 project-based subsidy contracts (including section 8 moderate rehabilitation contracts), for amendments to section 8 projectbased subsidy contracts (including section 8 moderate rehabilitation
contracts), for contracts entered into pursuant to section 441 of
the McKinney-Vento Homeless Assistance Act, for renewal of section 8 contracts for units in projects that are subject to approved
plans of action under the Emergency Low Income Housing Preservation Act of 1987 or the Low-Income Housing Preservation and
Resident Homeownership Act of 1990, and for administrative and
other expenses associated with project-based activities and assistance funded under this paragraph.
(2) ø$147,200,000¿ $145,500,000 for performance-based contract
administrators for section 8 project-based assistance: Provided,
That the Secretary may also use such amounts for performancebased contract administrators for: interest reduction payments pursuant to section 236(a) of the National Housing Act (12 U.S.C.
1715z–1(a)); rent supplement payments pursuant to section 101
of the Housing and Urban Development Act of 1965 (12 U.S.C.
1701s); section 236(f)(2) rental assistance payments (12 U.S.C.
1715z–1(f)(2)); project rental assistance contracts for the elderly
under section 202(c)(2) of the Housing Act of 1959, as amended
(12 U.S.C. 1701q, 1701q–1); project rental assistance contracts for
supportive housing for persons with disabilities under section
811(d)(2) of the Cranston-Gonzalez National Affordable Housing
Act; project assistance contracts pursuant to section 202(h) of the
Housing Act of 1959 (Public Law 86–372; 73 Stat. 667); and loans
under section 202 of the Housing Act of 1959 (Public Law 86–
372; 73 Stat. 667).
(3) ø$1,400,000¿ $3,960,000 shall be transferred to the Working
Capital Fundø: Provided further, That amounts recaptured under
this heading, the heading ‘‘Annual Contributions for Assisted Housing’’, or the heading ‘‘Housing Certificate Fund’’, for project-based
section 8 activities may be used for renewals of or amendments
to section 8 project-based subsidy contracts or for performancebased contract administrators, notwithstanding the purposes for
which such amounts were appropriated¿.
(4) amounts recaptured under this heading, the heading ‘‘Annual
Contributions for Assisted Housing’’, or the heading ‘‘Housing Certificate Fund’’ may be used for renewals of or amendments to section 8 project-based contracts or for performance-based contract administrators, notwithstanding the purposes for which such amounts
were appropriated. (Department of Housing and Urban Development
Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
2005 actual

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Identification code 86–0303–0–1–604

2006 est.

2007 est.

00.01
00.02
00.03

Obligations by program activity:
Contract Renewals .........................................................
Contract Administrators .................................................
Working Capital Fund ....................................................

4,611
75
2

5,475
171
1

5,526
146
4

10.00

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

4,688

5,647

5,676

21.40
22.00
23.90

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year ...................
New budget authority (gross) ........................................
5,298
Total budgetary resources available for obligation

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5,298
PO 00000

610 ...................
5,037
5,676
5,647

5,676

Frm 00004

Fmt 3616

72.40
73.10
73.20

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

5,298

5,037

5,676

Change in obligated balances:
Obligated balance, start of year ................................... ...................
Total new obligations ....................................................
4,688
Total outlays (gross) ......................................................
¥2,158

2,530
5,647
¥4,886

3,291
5,676
¥5,324

2,530

3,291

3,643

Outlays (gross), detail:
Outlays from new discretionary authority .....................
2,158
Outlays from discretionary balances ............................. ...................

2,267
2,619

2,554
2,770

74.40

86.90
86.93

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

87.00

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

2,158

4,886

5,324

89.00
90.00

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

5,298
2,158

5,037
4,886

5,676
5,324

Project-based Rental Assistance. HUD subsidizes rents for
approximately 1.3 million families in over 19,000 projects
under the Section 8 project-based rent subsidy program. Unlike the tenant-based Section 8 program, subsidies in the
project-based program are tied directly to the project. Tenants
pay up to 30 percent of income toward the rent with HUD
subsidizing the remainder. Rents are adjusted periodically
subject to HUD guidelines and approval. The Section 8
project-based program provides essential assistance to maintain the stock of affordable housing for low-and moderateincome families and individuals, many of whom are elderly
or disabled. Program activity includes the following:
Contract Renewals. Original Section 8 assistance contracts
were entered into between HUD and project owners for periods of up to 40 years. As contract terms expire they are
renewed on an annual funding cycle and additional renewal
budget authority is required to maintain the housing stock.
Section 8 Amendments. A funding amendment to a Section
8 contract is required to maintain the project until its contract
expiration date when actual costs incurred exceed the amount
of budget authority originally set-aside for the project. These
additional costs are proposed to be entirely funded in 2007
by utilizing excess balances remaining on expired Section 8
contracts that utilized less than anticipated resources in completing the contract. No new BA is requested in 2007 for
Section 8 Amendment activity.
Contract Administrators. HUD utilizes Performance Based
Contract Administrators (PBCAs) to administer and monitor
the project-based portfolio. There are presently 55 PHAs
under contract to manage approximately 13,633 contracts
with 892,000 units. An additional 3,700 contracts with
275,000 units are anticipated to be added to the PBCA inventory in 2007. Further, language is included under the Project
Rental Assistance heading for PBCA administration of nonSection 8 contracts. These include Rent Supplement and Rental Assistance Program (RAP) contracts, Project Rental Assistance Contracts (PRAC) and Project Assistance Contracts
(PAC), and Section 236 contracts. Funding for 2007 is proposed to be derived by $145.5 million of new budget authority.
Project-based Tenant Protection. Voucher assistance is provided to tenants who face dislocation as a result of actions
taken by project owners or by HUD that are beyond their
control. This occurs as a result of owners opting out of the
program or being terminated by HUD. HUD’s property disposition activities and prepayment activity under the Preservation program may also lead to Project-Based Tenant ProtecSfmt 3616

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HUD

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

tion requirements. These project-based requirements, which
are met through voucher assistance, are funded under the
Tenant-Based heading.
Working Capital Fund Transfer. A total of $4.0 million is
requested in 2007 to fund development of and modifications
to technology systems that service or are related to the programs or activities under this heading.
f

MOVING

WORK

Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0331–0–1–451

72.40
73.40

Change in obligated balances:
Obligated balance, start of year ...................................
Adjustments in expired accounts (net) .........................

2006 est.

2007 est.

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

74.40

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

89.00
90.00

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. The State and Local Housing Flexibility Act
of 2005 proposes to expand Moving to Work as a reward
for well-performing and well-managed PHAs.
f

PUBLIC HOUSING CAPITAL FUND

cprice-sewell on PROD1PC66 with BUDGET PAG

(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’’) ø$2,463,600,000¿ $2,178,000,000, to remain available until September 30, ø2009¿ 2010: Provided, That notwithstanding any other provision of law or regulation, during fiscal
year ø2006¿ 2007, the Secretary may not delegate to any Department
official other than the Deputy Secretary and the Assistant Secretary
for Public and Indian Housing any authority under paragraph (2)
of section 9(j) regarding the extension of the time periods under
such section: Provided further, That for purposes of such section
9(j), the term ‘‘obligate’’ means, with respect to amounts, that the
amounts are subject to a binding agreement that will result in outlays, immediately or in the future: Provided further, That of the
total amount provided under this heading, up to ø$11,000,000¿
$10,890,000 shall be for carrying out activities under section 9(h)
of such Act: Provided further, That ø$11,000,000¿ up to $14,850,000
shall be transferred to the Working Capital Fund: Provided further,
That no funds may be used under this heading for the purposes
specified in section 9(k) of the United States Housing Act of 1937,
as amended: Provided further, That of the total amount provided
under this heading, up to ø$17,000,000¿ $19,800,000 shall be available for the Secretary of Housing and Urban Development to make
grants, notwithstanding section 305 of this Act, to public housing
agencies for emergency capital needs resulting from unforeseen or
unpreventable emergencies and natural disasters occurring in fiscal
year 2005, 2006, and 2007: Provided further, That of the total amount
provided under this heading, ø$38,000,000¿ $23,760,000 shall be for
VerDate Aug 31 2005

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533

supportive services, service coordinators and congregate services as
authorized by section 34 of the Act and the Native American Housing
Assistance and Self-Determination Act of 1996: Provided further, That
of the total amount provided under this heading up to ø$8,820,000¿
$7,920,000 is to support the costs of administrative and judicial receiverships: øProvided further, That of the total amount provided
under this heading, $7,500,000 shall be for Neighborhood Networks
grants for activities authorized in section 9(d)(1)(E) of the United
States Housing Act of 1937, as amended: Provided further, That notwithstanding any other provision of law, amounts made available
in the previous proviso shall be awarded to public housing agencies
on a competitive basis: Provided further, That notwithstanding section 9(d)(1)(E) of the United States Housing Act of 1937, any Neighborhood Networks computer center established with funding made
available under this heading in this or any other Act, shall be available for use by residents of public housing and residents of other
housing assisted with funding made available under this title in
this Act or any other Act¿ Provided further, That of the total amount
provided under this heading up to $15,345,000 shall be to support
the ongoing Public Housing Financial and Physical Assessment activities of the Real Estate Assessment Center (REAC). (Department of
Housing and Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0304–0–1–604

00.01
00.02
00.03
00.04
00.06
00.10
00.11
00.12

2006 est.

2007 est.

Obligations by program activity:
Capital Grants ...............................................................
2,431
2,346
2,085
Emergency/Disaster ........................................................
40
17
20
Technical Assistance .....................................................
42
11
11
Working Capital Fund ....................................................
10
11
15
Resident Opportunities and Supportive Services ..........
27
38
24
Neighborhood Networks ..................................................
5
7 ...................
Adminstrative Receivership ........................................... ...................
9
8
Financial and Physical Assessment Support ................ ................... ...................
15

10.00

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

23.90
23.95
23.98

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

24.40

Unobligated balance carried forward, end of year

2,555

2,439

2,178

287
2,579

322
2,439

322
2,178

21 ................... ...................
¥8 ................... ...................
2,879
2,761
2,500
¥2,555
¥2,439
¥2,178
¥2 ................... ...................
322

322

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
2,600
2,464
2,178
40.33
Appropriation permanently reduced (P.L. 109–148) ...................
¥25 ...................
40.35
Appropriation permanently reduced ..........................
¥21 ................... ...................
43.00
60.00
60.49

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

62.50

2,579

2,439

2,178

600
¥600

500
¥500

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

70.00

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

72.40
73.10
73.20
73.45

74.40

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

9,142

8,469

7,782

86.90
86.93

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

64
3,089

45
3,067

56
2,809

87.00

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

3,153

3,112

2,865

89.00
90.00

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

2,579
3,153

2,439
3,112

2,178
2,865

Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

2,579

2,439

2,178

9,761
9,142
8,469
2,555
2,439
2,178
¥3,153
¥3,112
¥2,865
¥21 ................... ...................

534

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007

72.40
73.10
73.20
73.40
73.45

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

74.40

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

872

892

86.90
86.93

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

1,571
2,001

2,673
872

2,673
891

87.00

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

3,572

3,545

3,564

89.00
90.00

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

2,437
3,572

3,564
3,545

3,564
3,564

General and special funds—Continued
PUBLIC HOUSING CAPITAL FUND—Continued
(INCLUDING TRANSFERS OF FUNDS)—Continued

Program and Financing (in millions of dollars)—Continued
2005 actual

Identification code 86–0304–0–1–604

93.03
93.04

Memorandum (non-add) entries:
Obligated balance, start of year: Contract authority
Obligated balance, end of year: Contract authority

2006 est.

2,748
2,139

2,139
1,639

2007 est.

1,639
1,139

The Public Housing Capital Fund, a formula-driven program based on estimated need, is designed to respond to
the capital and management improvement requirements of
public housing.
Of the nearly $2.2 billion requested for the Public Housing
Capital Fund, approximately $2.1 billion is provided to cover
annual accrual needs. Other uses include $24 million to provide supportive services to public housing residents under
the Resident Opportunities and Supportive Services (ROSS)
program, up to $20 million for emergencies or disasters, up
to $11 million for technical assistance, up to $15 million for
the Working Capital Fund, up to $15 million for public housing financial and physical assessment support, and up to $8
million for administrative and judicial receiverships.
f

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.

PUBLIC HOUSING OPERATING FUND

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

For 2006 payments to public housing agencies for the operation
and management of public housing, as authorized by section 9(e)
of the United States Housing Act of 1937, as amended (42 U.S.C.
1437g(e)), ø$3,600,000,000¿ $3,564,000,000, of which $9,900,000 in
bonus funds shall be provided to public housing agencies that assist
program participants in moving away from dependency on housing
assistance programs: Provided, That of the total amount provided
under this heading, $5,940,000 shall be for technical assistance related to the transition and implementation of asset-based management
in public housing: Provided further, That, in fiscal year ø2006¿ 2007
and all fiscal years hereafter, no amounts under this heading in
any appropriations Act may be used for payments to public housing
agencies for the costs of operation and management of public housing
for any year prior to the current year of such Act: Provided further,
That no funds may be used under this heading for the purposes
specified in section 9(k) of the United States Housing Act of 1937,
as amended. (Department of Housing and Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0163–0–1–604

cprice-sewell on PROD1PC66 with BUDGET PAG

2,007
872
892
2,440
3,565
3,564
¥3,572
¥3,545
¥3,564
¥2 ................... ...................
¥1 ................... ...................

00.01
00.02
00.03

Obligations by program activity:
Operating Subsidy ..........................................................
Voluntary Incentive Bonus .............................................
Department of Justice Anti-Drug ...................................

10.00

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

21.40
22.00
22.10

23.90
23.95

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

24.40

Unobligated balance carried forward, end of year

2006 est.

2007 est.

2,422
3,565
3,554
10 ...................
10
8 ................... ...................
2,440

3,565

3,564

3
2,437

1 ...................
3,564
3,564

Category

3,565
¥3,565

3,564
¥3,564

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

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
2,458
3,600
3,564
40.33
Appropriation permanently reduced (P.L. 109–148) ...................
¥36 ...................
40.35
Appropriation permanently reduced ..........................
¥20 ................... ...................
40.36
Unobligated balance permanently reduced ..............
¥1 ................... ...................

Percent of
total

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

$3,564
2,908
66
232

53%
43%
1%
3%

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

$6,770

100%

Operating Subsidies.—Represent HUD’s contributions to a
housing authority’s operating budget. Under the current formula-based approach, HUD sets a formula-determined allowable expense level (AEL) for each PHA and separately computes utility and audit costs. The PHA’s dwelling rental income is also projected and the subsidy is the difference between the projected AEL, utility, and audit expenses and
projected dwelling rental income. AEL is not based on actual
cost data from PHAs. HUD, after consultation with PHAs,
has adopted a new operating subsidy formula based on the
previously congressionally sanctioned cost study conducted by
the Harvard Graduate School of Design.
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.
Housing Authorities’ Operating Expenditures (in millions of dollars)
Category

1 ................... ...................
2,441
¥2,440

Annual
income

Annual
expenditures

Percent of
total

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

$1,481
1,905
586
2,443
166
182
7
0

22%
28%
9%
36%
2%
3%
0%
0%

Total, Operating Expenses/*/ ...........................................................

$6,770

100%

* Includes Housing Self-Sufficiency Awards.

43.00

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

2,437

3,564

Frm 00006

Fmt 3616

Utilities.—Includes water, sewer, electricity, gas, and fuel.
VerDate Aug 31 2005

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HUD

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

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.—Covers salaries, recreation, publication,
contract costs, training, and other expenses.
Protective Services.—Includes expenses for labor, materials,
and contract costs.
Capital Expenditures.—Includes extraordinary maintenance, casualty losses, and property betterments (e.g. roofs
and furnaces).
Operating reserves.—Provides working capital funds and is
a reserve for emergencies.
Voluntary Graduation Bonus/Housing Self-Sufficiency
Award.—This proposal provides up to $10 million in bonus
funds for public housing authorities that move program participants away from dependency on public housing assistance
programs within the current regulatory and statutory constraints.
Asset-Based Management Technical Assistance.—Provides
contracting and consultative services to support PHA’s
transitioning to project-based accounting and asset-based
management.
f

DRUG ELIMINATION GRANTS

FOR

LOW-INCOME HOUSING

REVITALIZATION

535

SEVERELY DISTRESSED PUBLIC HOUSING
(HOPE VI)

øFor grants to public housing agencies for demolition, site revitalization, replacement housing, and tenant-based assistance grants to
projects as authorized by section 24 of the United States Housing
Act of 1937, as amended, $100,000,000, to remain available until
September 30, 2007, of which the Secretary may use up to $2,000,000
for technical assistance and contract expertise, to be provided directly
or indirectly by grants, contracts or cooperative agreements, including
training and cost of necessary travel for participants in such training,
by or to officials and employees of the department and of public
housing agencies and to residents: Provided, That none of such funds
shall be used directly or indirectly by granting competitive advantage
in awards to settle litigation or pay judgments, unless expressly permitted herein.¿ Of the unobligated balances remaining from funds
appropriated in fiscal year 2006 under the heading ‘‘Revitalization
of Severely Distressed Public Housing (HOPE VI)’’ for grants to public
housing agencies for demolition site revitalization, replacement housing, and tenant-based assistance grants to projects as authorized by
section 24 of the United States Housing Act of 1937 as amended,
$99,000,000 is cancelled. (Department of Housing and Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0218–0–1–604

00.01
00.02

Obligations by program activity:
Direct program activity ..................................................
165
Technical Assistance ..................................................... ...................

2006 est.

2007 est.

140 ...................
4 ...................

10.00

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

165

144 ...................

21.40
22.00
22.10

165
143

144
99

23.90
23.95

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

309
¥165

243 ...................
¥144 ...................

24.40

Unobligated balance carried forward, end of year

144

99 ...................

99
¥99

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

Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0197–0–1–604

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

2007 est.

18 ................... ...................
¥21 ................... ...................
3 ................... ...................

43.00

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

72.40
73.10
73.20
73.45

74.40

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

¥21 ................... ...................

72.40
73.20
73.45

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

17
8
2
¥6
¥6
¥2
¥3 ................... ...................

74.40

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

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

86.93

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

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6
2

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86.90
86.93

143

¥99

2,669
2,138
1,631
165
144 ...................
¥695
¥651
¥594
¥1 ................... ...................
2,138

1,631

1,037

Outlays (gross), detail:
Outlays from new discretionary authority ..................... ................... ...................
Outlays from discretionary balances .............................
695
651

¥3
597

87.00

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

695

651

594

89.00
90.00

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

143
695

99
651

¥99
594

The Public Housing Drug Elimination Grants program was
terminated in the 2002 Budget. The program was found to
have limited impact; current regulatory tools, such as tenant
screening and eviction, are effective in reducing drug-related
crime in public housing; and 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.
VerDate Aug 31 2005

New budget authority (gross), detail:
Discretionary:
Appropriation .............................................................
144
100 ...................
Appropriation permanently reduced (P.L. 109–148) ...................
¥1 ...................
Appropriation permanently reduced ..........................
¥1 ...................
¥99

40.00
40.33
40.35

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

2006 est.

Fmt 3616

The HOPE VI program has completed its goal of contributing to the demolition of 100,000 severely distressed public
housing units. No additional funds are requested and the
funds remaining at the end of 2006 are proposed for rescission. The program, while completing its goal, was found to
be more costly than other programs and slow to complete
redevelopments. The remaining balance of over $2 billion at
the end of 2005 will spend out over several years as the
redevelopment projects are completed.
Cumulative results of the HOPE VI program as of June
30, 2005 follow: 60,923 households have been relocated,
Sfmt 3616

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HUD

536

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007

General and special funds—Continued
REVITALIZATION

SEVERELY DISTRESSED PUBLIC HOUSING
(HOPE VI)—Continued

Appropriation permanently reduced ..........................
Unobligated balance permanently reduced ..............

43.00

601

60.00

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

70.00

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

605

72.40
73.10
73.20
73.45

74.40

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

909

816

86.90
86.93
86.97

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

182
502
4

109
109
607
593
2 ...................

87.00

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

688

718

702

89.00
90.00

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

605
688

626
718

626
702

76,766 units have been demolished, 43,397 units (new and
rehabilitated) have been completed, and 39,931 completed
units have been occupied.
f

NATIVE AMERICAN HOUSING BLOCK GRANTS
(INCLUDING TRANSFER OF FUNDS)

For the Native American Housing Block Grants program, as authorized under title I of the Native American Housing Assistance
and Self-Determination Act of 1996 (NAHASDA) (25 U.S.C. 4111
et seq.), ø$630,000,000¿ $625,680,000, to remain available until expended: Provided, That, notwithstanding the Native American Housing Assistance and Self-Determination Act of 1996, to determine the
amount of the allocation under title I of such Act for each Indian
tribe, the Secretary shall apply the formula under section 302 of
such Act with the need component based on single-race Census data
and with the need component based on multi-race Census data, and
the amount of the allocation for each Indian tribe shall be the greater
of the two resulting allocation amounts: Provided further, That of
the amounts made available under this heading, ø$1,000,000 shall
be contracted through the Secretary as technical assistance and capacity building to be used by the National American Indian Housing
Council in support of the implementation of NAHASDA; $4,500,000¿
$3,465,000 shall be to support the inspection of Indian housing units,
contract expertise, training, and technical assistance in the training,
oversight, and management of such Indian housing and tenant-based
assistance, including up to $300,000 for related travelø; up to
$4,000,000 may be used for emergencies that constitute imminent
threats to health and safety, notwithstanding any other provision
of law (including section 305 of this Act¿: Provided further, That
of the amount provided under this heading, ø$2,000,000¿ $1,980,000
shall be made available for the cost of guaranteed notes and other
obligations, as authorized by title VI of NAHASDA: Provided further,
That such costs, including the costs of modifying such notes and
other obligations, shall be as defined in section 502 of the Congressional Budget Act of 1974, as amended: Provided further, That these
funds are available to subsidize the total principal amount of any
notes and other obligations, any part of which is to be guaranteed,
not to exceed ø$17,926,000¿ $14,938,825: Provided further, That for
administrative expenses to carry out the guaranteed loan program,
up to ø$150,000¿ $148,500 from amounts in the third proviso, which
shall be transferred to and merged with the appropriation for ‘‘Salaries and Expenses’’. (Department of Housing and Urban Development
Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0313–0–1–604

cprice-sewell on PROD1PC66 with BUDGET PAG

00.01
00.02
00.03
00.04
00.05
00.07
00.11

2006 est.

2007 est.

Obligations by program activity:
Indian Housing Block Grants .........................................
642
613
620
Title VI Loan Guarantee Subsidy ...................................
1
1
2
Technical Assistance .....................................................
7
4
4
Working Capital Fund ....................................................
3 ................... ...................
National American Indian Housing Council ..................
2
1 ...................
Upward reestimate .........................................................
4
2 ...................
Emergencies ................................................................... ...................
4 ...................

10.00

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

21.40
22.00
22.10

659

625

626

114
605

61
626

62
626

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

23.90
23.95

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

720
¥659

687
¥625

688
¥626

24.40

Unobligated balance carried forward, end of year

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
627
40.33
Appropriation permanently reduced (P.L. 109–148) ...................
VerDate Aug 31 2005

¥5 ................... ...................
¥21 ................... ...................

40.35
40.36

12:00 Jan 26, 2006

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PO 00000

630
626
¥6 ...................
Frm 00008

Fmt 3616

624

626

2 ...................
626

626

939
909
816
659
625
626
¥688
¥718
¥702
¥1 ................... ...................
740

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
2005 actual

Identification code 86–0313–0–1–604

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

2006 est.

2007 est.

10.32

12.26

11.99

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

10.32

12.26

11.99

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

234901 Total subsidy outlays .....................................................
Guaranteed loan upward reestimate subsidy budget authority:
235001 Title VI ............................................................................

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

235901 Total upward reestimate budget authority ....................

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

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

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

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 $14.9 million is proposed for this loan guarantee
program for 2007. 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 beSfmt 3616

E:\BUDGET\HUD.XXX

HUD

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

yond (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.),
ø$8,815,000¿ $5,940,000, to remain available until expendedø, of
which $352,606 shall be for training and technical assistance activities¿ of which $299,211 shall be for training and technical activities,
including up to $100,000 for related travel. (Department of Housing
and Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0235–0–1–604

2006 est.

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

21.40
22.00
22.60
22.60

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

20
103
¥83
¥17

23.90
23.95

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

23
¥3

24.40

Unobligated balance carried forward, end of year

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

20 ...................
98
103
¥88
¥93
¥27
¥7
3
¥3

3
¥3

20 ................... ...................

70.00

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

103

440
3
¥73

370
3
¥98

275
3
¥103

370

275

175

2007 est.

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

72.40
73.10
73.20

10.00

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

74.40

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

22.00
23.95

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

9
¥9

6
¥6

86.97
86.98

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

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

87.00

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

103

Change in obligated balances:
72.40 Obligated balance, start of year ................................... ................... ...................
73.10 Total new obligations .................................................... ...................
9
73.20 Total outlays (gross) ...................................................... ...................
¥1

8
6
¥3

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

¥83

¥88

¥93

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

20
¥10

10
10

74.40

86.90
86.93
87.00

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

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

1
2

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

9
1

6
3

Public enterprise funds:
LOW-RENT PUBLIC HOUSING—LOANS

AND

OTHER EXPENSES

Program and Financing (in millions of dollars)
2005 actual

Identification code 86–4098–0–3–604

09.01

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

VerDate Aug 31 2005

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3
PO 00000

2006 est.

89.00
90.00

2007 est.

Frm 00009

Fmt 3616

63
98
103
10 ................... ...................

Status of Direct Loans (in millions of dollars)
2005 actual

Identification code 86–4098–0–3–604

The Hawaiian Homelands Homeownership Act of 2000 (P.L.
106–568) amended the Native American Housing Assistance
and Self-Determination Act of 1996 by adding Title VIII,
which authorized the Native Hawaiian Housing Block Grant
program. This program provides an allocation of funds to
assist and promote affordable housing activities to develop,
maintain and operate affordable housing for eligible low-income Native Hawaiian families.
It authorizes annual grants to the Department of Hawaiian
Home Lands (DHHL) for housing and housing-related assistance, pursuant to an annual housing plan, within the area
in which DHHL is authorized to provide that assistance.
DHHL uses performance measures and benchmarks that are
based on the needs and priorities established in its five- and
one-year housing plans.
cprice-sewell on PROD1PC66 with BUDGET PAG

10.00

537

2006 est.

2007 est.

1210
1251

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

1,056
¥83

973
¥88

885
¥93

1290

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

973

885

792

Status of Guaranteed Loans (in millions of dollars)
2005 actual

Identification code 86–4098–0–3–604

2006 est.

2007 est.

2210
2251

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

1,649
¥259

1,390
¥267

1,123
¥267

2290

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

1,390

1,123

856

2299

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

1,390

1,123

856

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, $20 million borrowed from the Treasury
was forgiven in 2005, $10 million will be borrowed from the
Treasury and forgiven in 2006, and an estimated $10 million
will be borrowed from the Treasury and forgiven in 2007.
Sfmt 3616

E:\BUDGET\HUD.XXX

HUD

538

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007

Public enterprise funds—Continued
LOW-RENT PUBLIC HOUSING—LOANS
Continued

AND

OTHER EXPENSES—

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 net operating income for
2004 and 2005 follows:

2004 actual

Identification code 86–4098–0–3–604

Unobligated balance permanently reduced ..............

43.00

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

¥28

72.40
73.10
73.20

1
4
¥2

3
2
¥2

3
6
¥7

74.40

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

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

1
1

1
6

86.90
86.93

Balance Sheet (in millions of dollars)
2005 actual

87.00

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

89.00
90.00

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

¥28
2

4
2

6
7

ASSETS:
Federal assets: Fund balances with Treasury ..............
Net value of assets related to pre–1992
direct loans receivable and acquired defaulted guaranteed loans
receivable:
1601
Direct loans, gross ...................................................
1602
Interest receivable .....................................................

460

389

1,056
65

973
59

1604

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

1,121

1,032

1699

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

1,121

1,032

1,581

1,421

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

128
1,055

118
972

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

2999

1,183

1,090

404
–6

338
–7

1101

1999

Total liabilities ..........................................................
NET POSITION:
3100 Appropriated capital ........................................................
3300 Cumulative results of operations ...................................
3999

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

398

331

4999

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

1,581

1,421

Credit accounts:
INDIAN HOUSING LOAN GUARANTEE FUND PROGRAM ACCOUNT

¥33 ................... ...................

40.36

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
2005 actual

Identification code 86–0223–0–1–371

2006 est.

2007 est.

103

116

251

103

116

251

2.58

2.42

2.35

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

2.58

2.42

2.35

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

234901 Total subsidy outlays .....................................................
Guaranteed loan downward reestimate subsidy budget
authority:
237001 Downward reestimate subsidy budget authority ...........

¥4

¥1 ...................

237901 Total downward reestimate subsidy budget authority

¥4

¥1 ...................

(INCLUDING 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), ø$4,000,000¿ $5,940,000, to remain available until expended: Provided, That such costs, including the costs of modifying
such loans, shall be as defined in section 502 of the Congressional
Budget Act of 1974, as amended: Provided further, That these funds
are available to subsidize total loan principal, any part of which
is to be guaranteed, not to exceed ø$116,276,000¿ $251,000,000, to
remain available until committed.
In addition, for administrative expenses to carry out the guaranteed
loan program, up to $247,500 from amounts in the first paragraph
which shall be transferred to and merged with the appropriation
for ‘‘Salaries and Expenses’’. (Department of Housing and Urban Development Appropriations Act, 2006.)

As required by the Federal Credit Reform Act of 1990,
this account records, for this program, the subsidy costs associated with the loan guarantees committed in 1992 and beyond (including modifications of guarantees that resulted from
obligations in any year). The subsidy amounts are estimated
on a net present value basis. The administrative expenses
are shown on a cash basis.
This program provides access to sources of private financing
for Indian families, Indian tribes, and their tribally designated housing entities who otherwise could not acquire
housing financing because of the unique legal status of Indian
trust land.
f

Program and Financing (in millions of dollars)
INDIAN HOUSING LOAN GUARANTEE FUND FINANCING ACCOUNT
2005 actual

cprice-sewell on PROD1PC66 with BUDGET PAG

Identification code 86–0223–0–1–371

2006 est.

2007 est.

Program and Financing (in millions of dollars)

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

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

00.01
00.02
36
¥28

4
4

6
6

23.90
23.95

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

8
¥4

8
¥2

12
¥6

24.40

Unobligated balance carried forward, end of year

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
VerDate Aug 31 2005

12:00 Jan 26, 2006

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5
PO 00000

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Fmt 3616

2005 actual

Identification code 86–4104–0–3–604

00.91
08.02
08.04

2006 est.

2007 est.

Obligations by program activity:
Default Claims ............................................................... ................... ...................
Loan Guarantee Subsidy ................................................ ...................
4

1
5

Direct Program by Activities ..................................... ...................
4
6
Downward Re-estimate ..................................................
3
1 ...................
Downward Re-estimate Interest ....................................
1 ................... ...................

08.91

Direct Program by Activities .....................................

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

10.00

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

21.40

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

Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
22.00

New financing authority (gross) ....................................

23.90
23.95

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

14
¥4

12
¥5

9
¥6

24.40

Unobligated balance carried forward, end of year

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

72.40
73.10
73.20
74.00

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

2 ................... ...................
5

¥1
¥3
2
4
5
6
¥4 ................... ...................
¥2 ................... ...................
¥3
2
8
4 ................... ...................

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
88.00
Federal sources: Payments from program account .................................................................
88.40
Non-Federal sources .............................................

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

88.90

¥3

88.95

89.00
90.00

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

¥2

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

Status of Guaranteed Loans (in millions of dollars)
2005 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 .......................
2142 Uncommitted loan guarantee limitation .......................
2143 Uncommitted limitation carried forward .......................
2150
2199

cprice-sewell on PROD1PC66 with BUDGET PAG

2210
2231
2251
2263

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

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

2299

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

1999

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

2999

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

4999

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

NATIVE HAWAIIAN HOUSING LOAN GUARANTEE FUND PROGRAM
ACCOUNT
(INCLUDING TRANSFER OF FUNDS)

For the cost of guaranteed loans, as authorized by section 184A
of the Housing and Community Development Act of 1992 (12 U.S.C.
1715z–13b), ø$900,000¿ $1,010,000, to remain available until expended: Provided, That such costs, including the costs of modifying
such loans, shall be as defined in section 502 of the Congressional
Budget Act of 1974, as amended: Provided further, That these funds
are available to subsidize total loan principal, any part of which
is to be guaranteed, not to exceed ø$35,714,290¿ $43,000,000, to
remain available until committed.
In addition, for administrative expenses to carry out the guaranteed
loan program, up to ø$35,000¿ $34,650 from amounts in the first
paragraph which shall be transferred to and merged with the appropriation for ‘‘Salaries and Expenses’’. (Department of Housing and
Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)

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

10.00

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

3
1

4
1

Total budgetary resources available for obligation
4
Total new obligations .................................................... ...................

5
¥1

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

24.40

192

116
116

251
251

192
26
¥14

200
26
¥14

¥4

200

208

Unobligated balance carried forward, end of year

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

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

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
192

143

As required by the Federal Credit Reform Act of 1990,
this non-budgetary account records all cash flows to and from
the Government resulting from the loan guarantees committed in 1992 and beyond (including modifications of loan
guarantees that resulted from obligations in any year). The
amounts in this account are a means of financing and are
not included in the budget totals. As required by the Federal
Credit Reform Act of 1990, no administrative expenses can
be recorded in the financing account.
12:00 Jan 26, 2006

Jkt 206762

2007 est.

145
99
104
750
169
152
¥623 ................... ...................
¥169
¥152
¥5
103
103

2006 est.

00.02

21.40
22.00

2006 est.

2005 actual

Identification code 86–0233–0–1–371

2005 actual

Identification code 86–0233–0–1–371

VerDate Aug 31 2005

2005 actual

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

23.90
23.95

Cumulative balance of guaranteed loans outstanding:
Outstanding, start of year .............................................
126
Disbursements of new guaranteed loans ......................
76
Repayments and prepayments ......................................
¥10
Adjustments: Terminations for default that result in
claim payments ......................................................... ...................

2290

2004 actual

Identification code 86–4104–0–3–604

¥2

Net financing authority and financing disbursements:
Financing authority ........................................................ ................... ................... ...................
Financing disbursements ...............................................
1
¥2
¥2

Identification code 86–4104–0–3–604

Balance Sheet (in millions of dollars)

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

74.40
87.00

539

PO 00000

Frm 00011

Fmt 3616

2006 est.

2007 est.

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

2.58

2.42

2.35

232901 Weighted average subsidy rate .....................................
0.00
Guaranteed loan subsidy budget authority:
233001 Native Hawaiian Housing .............................................. ...................

0.00

Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

540

PUBLIC AND INDIAN HOUSING—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007

Credit accounts—Continued

Status of Guaranteed Loans (in millions of dollars)

NATIVE HAWAIIAN HOUSING LOAN GUARANTEE FUND PROGRAM
ACCOUNT—Continued

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

(INCLUDING TRANSFER OF FUNDS)—Continued

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)—Continued
2005 actual

Identification code 86–0233–0–1–371

2006 est.

2007 est.

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

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

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

2150
2199

2005 actual

Cumulative balance of guaranteed loans outstanding:
Outstanding, start of year ............................................. ...................
2
Disbursements of new guaranteed loans ......................
2 ...................
Repayments and prepayments ...................................... ...................
¥1

1
1
¥1

2299

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

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

Program and Financing (in millions of dollars)

2006 est.

2007 est.

00.01
08.02

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

10.00

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

21.40
22.00

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

1
1

23.90
23.95

Total budgetary resources available for obligation ...................
1
Total new obligations .................................................... ................... ...................

2
¥1

24.40

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

73.10

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

74.40

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

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

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

10
5

15
3

15
2

Total budgetary resources available for obligation
15
Total new obligations .................................................... ...................

18
¥3

17
¥2

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

New financing authority (gross), detail:
Mandatory:
69.00
Spending authority from offsetting collections
(gross): Offsetting collections (cash) ...................

3
2

72.40
73.10
74.40

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

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
88.00
Federal sources ..................................................... ...................
88.00
Upward Reestimate ...............................................
¥5

89.00
90.00

Fmt 3616

2007 est.

88.90

Frm 00012

2006 est.

Unobligated balance carried forward, end of year

¥1

PO 00000

¥1

2005 actual

Identification code 86–4244–0–3–604

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

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

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43
43

10.00

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36

12:00 Jan 26, 2006

2
2

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

VerDate Aug 31 2005

35
154
¥146

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

00.02

89.00
90.00

35
155
¥154

2290

Program and Financing (in millions of dollars)

24.40

2007 est.

37
120
¥155

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

2210
2231
2251

2006 est.

TITLE VI INDIAN FEDERAL GUARANTEES FINANCING ACCOUNT

NATIVE HAWAIIAN HOUSING LOAN GUARANTEE FUND FINANCING
ACCOUNT

Identification code 86–4351–0–3–371

2005 actual

Identification code 86–4351–0–3–371

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

¥5

¥1
¥2
¥2 ...................
¥3

¥2

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HUD

COMMUNITY PLANNING AND DEVELOPMENT
Federal Funds

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Status of Guaranteed Loans (in millions of dollars)
2005 actual

Identification code 86–4244–0–3–604

2210
2231
2251
2263
2290

2006 est.

18
382
¥366
¥30

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

4
4

Cumulative balance of guaranteed loans outstanding:
Outstanding, start of year .............................................
77
Disbursements of new guaranteed loans ......................
4
Repayments and prepayments ......................................
¥1
Adjustments: Terminations for default that result in
claim payments ......................................................... ...................

10.00

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

21.40
22.00
22.10

23.90
23.95

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

386
¥286

386
¥309

377
¥300

24.40

Unobligated balance carried forward, end of year

100

2007 est.

18
15
30
8
¥30 ...................
¥8
¥8
10
2

15
2

80
10
¥5

84
15
¥5

¥1

¥2

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

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

2004 actual

1101

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

2005 actual

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

2999

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

4999

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

1999

As required by the Federal Credit Reform Act of 1990,
this non-budgetary account records all cash flows to and from
the Government resulting from loan guarantees committed
in 1992 and beyond (including modifications of loan guarantees that resulted from commitments in any year). The
amounts in this account are a means of financing and are
not included in the budget totals. As required by the Federal
Credit Reform Act of 1990, no administrative expenses can
be recorded in the financing account.
f

COMMUNITY PLANNING AND DEVELOPMENT
Federal Funds
General and special funds:

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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.), ø$289,000,000¿ $300,100,000, to remain available until September 30, ø2007¿ 2008, except that amounts allocated
pursuant to section 854(c)(3) of such Act shall remain available until
September 30, ø2008¿ 2009: Provided, That the Secretary shall renew
all expiring contracts for permanent supportive housing that were
funded under section 854(c)(3) of such Act that meet all program
requirements before awarding funds for new contracts and activities
authorized under this section: Provided further, That the Secretary
may use up to ø$1,500,000¿ $1,485,000 of the funds under this heading for training, oversight, and technical assistance activities and
$1,485,000 shall be transferred to the Working Capital Fund. (Department of Housing and Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0308–0–1–604

00.01

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

VerDate Aug 31 2005

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2007 est.

309

300

Frm 00013

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286

309

300

103
282

100
286

77
300

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

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
284
289
300
40.33
Appropriation permanently reduced (P.L. 109–148) ...................
¥3 ...................
40.35
Appropriation permanently reduced ..........................
¥2 ................... ...................
43.00

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

72.40
73.10
73.20
73.45

74.40

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

468

493

504

86.90
86.93

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

1
279

11
273

12
277

87.00

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

280

284

289

89.00
90.00

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

282
280

286
284

300
289

Balance Sheet (in millions of dollars)
Identification code 86–4244–0–3–604

541

282

286

300

463
468
493
286
309
300
¥280
¥284
¥289
¥1 ................... ...................

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 $1.5 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. A legislative
proposal to amend the HOPWA authorization language will
be submitted allowing HUD the opportunity to update the
current program formula. Whereas the current formula distributes formula grant resources by the cumulative number
of AIDS cases, the revised formula will account for the
present number of people living with AIDS as well as the
need for housing in that jurisdiction. The requested funding
for 2007 will support approximately 75,000 housing units for
persons with HIV/AIDS and their families.
f

COMMUNITY DEVELOPMENT FUND
(INCLUDING TRANSFERS OF FUNDS)

(INCLUDING

RECISSION)

For assistance to units of State and local government, and to other
entities, for economic and community development activities, and for
other purposes, ø$4,220,000,000¿ $3,032,000,000, to remain available
until September 30, ø2008¿ 2009, unless otherwise specified: Provided, That of the amount provided, ø$3,748,400,000¿ $2,974,580,000
is for carrying out the community development block grant program
under title I of the Housing and Community Development Act of
Sfmt 3616

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HUD

542

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007

General and special funds—Continued
COMMUNITY DEVELOPMENT FUND—Continued

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(INCLUDING

RECISSION)—Continued

1974, as amended (the ‘‘Act’’ herein) (42 U.S.C. 5301 et seq.): Provided
further, That unless explicitly provided for under this heading (except
for planning grants provided in the second paragraph and amounts
made available under the third paragraph), not to exceed 20 percent
of any grant made with funds appropriated under this heading shall
be expended for planning and management development and administration: øProvided further, That $1,600,000 shall be transferred to
the Working Capital Fund:¿ Provided further, That ø$60,000,000¿
$57,420,000 shall be for grants to federally-recognized Indian tribes
notwithstanding section 106(a)(1) of such Act, of which, notwithstanding any other provision of law (including section 305 of this
Act), up to ø$4,000,000¿ $3,960,000 may be used for emergencies
that constitute imminent threats to health and safetyø; $50,000,000
shall be available for YouthBuild program activities authorized by
subtitle D of title IV of the Cranston-Gonzalez National Affordable
Housing Act, as amended, and such activities shall be an eligible
activity with respect to any funds made available under this heading:
Provided, That local YouthBuild programs that demonstrate an ability to leverage private and nonprofit funding shall be given a priority
for YouthBuild funding: Provided further, That no more than eight
percent of any grant award under the YouthBuild program may be
used for administrative costs: Provided further, That of the amount
made available for YouthBuild not less than $4,000,000 is for grants
to establish YouthBuild programs in underserved and rural areas
and $1,000,000 is to be made available for a grant to YouthBuild
USA for capacity building for community development and affordable
housing activities as specified in section 4 of the HUD Demonstration
Act of 1993, as amended¿.
øOf the amount made available under this heading, $310,000,000
shall be available for grants for the Economic Development Initiative
(EDI) to finance a variety of targeted economic investments in accordance with the terms and conditions specified in the statement of
managers accompanying this Act: Provided, That none of the funds
provided under this paragraph may be used for program operations:
Provided further, That, for fiscal years 2004, 2005 and 2006, no
unobligated funds for EDI grants may be used for any purpose except
acquisition, planning, design, purchase of equipment, revitalization,
redevelopment or construction.¿
øOf the amount made available under this heading, $50,000,000
shall be available for neighborhood initiatives that are utilized to
improve the conditions of distressed and blighted areas and neighborhoods, to stimulate investment, economic diversification, and community revitalization in areas with population outmigration or a stagnating or declining economic base, or to determine whether housing
benefits can be integrated more effectively with welfare reform initiatives: Provided, That amounts made available under this paragraph
shall be provided in accordance with the terms and conditions specified in the statement of managers accompanying this Act.¿
Of the unobligated balances remaining from funds appropriated
in fiscal year 2006 under the heading, ‘‘Community Development
Fund,’’ for grants for the Economic Development Initiative (EDI),
$306,900,000 is cancelled.
Of the unobligated balances remaining from funds appropriated
in fiscal year 2006 under the heading, ‘‘Community Development
Fund,’’ for grants for neighborhood initiatives, $49,500,000 is cancelled.
øThe referenced statement of the managers under the heading
‘‘Community Development Fund’’ in title II of division G of Public
Law 108–199 is deemed to be amended with respect to item number
181 striking ‘‘Volusia County’’ and inserting ‘‘Lively Arts Center in
Volusia County’’.¿
øThe referenced statement of the managers under the heading
‘‘Community Development Fund’’ in title II of division G of Public
Law 108–199 is deemed to be amended with respect to item number
216 by striking ‘‘for construction’’ and inserting ‘‘for planning, design,
and engineering’’.¿
øThe referenced statement of the managers under this heading
in Public Law 108–447 is deemed to be amended with respect to
item number 369 by striking ‘‘for the construction of HomeAid America temporary homeless shelters in Costa Mesa, California’’ and inserting ‘‘for the construction of shelters for the temporarily homeless
in New York City, New York’’.¿
øThe referenced statement of the managers under this heading
in Public Law 108–447 is deemed to be amended with respect to
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item number 502 by striking ‘‘for acquisition of’’ and inserting ‘‘for
renovations of’’.¿
øThe referenced statement of the managers under this heading
in Public Law 108–447 is deemed to be amended with respect to
item number 405 by striking ‘‘Willington Senior Center’’ and inserting
‘‘buildings and facilities associated with the Willington Senior Housing Center’’.¿
øThe referenced statement of the managers under this heading
in Public Law 108–447 is deemed to be amended with respect to
item number 674 by striking ‘‘City of Big Island, Virginia for the
Sedalia Center restoration’’ and inserting ‘‘to restore the Sedalia Center in Bedford County, Virginia’’.¿
øThe referenced statement of the managers under this heading
in Public Law 108–447 is deemed to be amended with respect to
item number 469 by striking ‘‘to the City of Havana, Illinois’’ and
inserting ‘‘Havana, Illinois, Rural Fire District’’.¿
øThe referenced statement of the managers under this heading
in Public Law 108–447 is deemed to be amended with respect to
item number 554 by striking ‘‘$250,000 to the Town of Monroe, New
York for construction of the Monroe Free Library’’ and inserting
‘‘$150,000 for the Town of Lewisboro, New York for infrastructure
improvements for the Onatru Farm Community Center and $100,000
for the Town of Poughkeepsie, New York for streetscape and related
improvements in the Arlington Business District’’.¿
øThe referenced statement of the managers under this heading
in Public Law 108–447 is deemed to be amended with respect to
item number 445 by striking ‘‘City of St. Petersburg, Florida’’ and
inserting ‘‘Catholic Charities, Diocese of St. Petersburg, Florida’’.¿
øThe referenced statement of the managers under this heading
in Public Law 108–199 is deemed to be amended with respect to
item number 103 for the Mission Preservation Foundation in San
Juan Capistrano, California by striking ‘‘for the Great Stone Church
restoration project’’ and inserting ‘‘to construct and install environment controls and security measures’’.¿
øThe referenced statement of the managers under this heading
in division A of the Emergency Appropriations Act for Defense, Global
War on Terror, and Tsunami Relief, 2005 (Public Law 109–13) is
amended—
(1) in section 6070 (119 Stat. 299), by striking paragraph (1);
and
(2) in section 6071 (119 Stat. 299), by striking paragraph (1).
The referenced statement of the managers under the heading ‘‘Community Development Fund’’ in title II of division I of Public Law
108–447 is deemed to be amended with respect to item number 83
by striking ‘‘construction’’ and inserting ‘‘planning, design, engineering, and construction’’.¿
øThe referenced statement of the managers under the heading
‘‘Community Development Fund’’ in title II of division G of Public
Law 108–199 is deemed to be amended with respect to item number
216 by striking ‘‘for construction’’ and inserting ‘‘for planning, design,
and engineering’’.¿
øThe referenced statement of the managers under the heading
‘‘Community Development Fund’’ in title II of division I of Public
Law 108–447 is deemed to be amended with respect to item 9 by
striking ‘‘for costs associated with the construction’’ and inserting
‘‘to be used for the planning and design’’.¿
øThe referenced statement of the managers under the heading
‘‘Community Development Fund’’ in title II of division I of Public
Law 108–447 is deemed to be amended with respect to item 260
by adding before the period ‘‘including $120,000 for property renovation at 754 Broad Street for the Family Center emergency shelter
for families and children’’.¿
øThe referenced statement of the managers accompanying Public
Law 106–74 is deemed to be amended by inserting on page 113
‘‘, of which $47,500 may be used for physical improvements at the
South Providence Development Corporation business incubator facility or CleanScape, including associated project management costs’’
after ‘‘$100,000 for the South Providence Development Corporation
in Providence, Rhode Island for a child care facility’’.¿
øThe referenced statement of the managers under the heading
‘‘Community Development Fund’’ in title II of division I of Public
Law 108–447 is deemed to be amended with respect to item number
30 by striking ‘‘City of San Francisco’’ and inserting ‘‘San Francisco
Museum and Historical Society’’.¿
øThe referenced statement of the managers under the heading
‘‘Community Development Fund’’ in title II of division G of Public
Law 108–199 is deemed to be amended with respect to item number
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HUD

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
122 by striking ‘‘City of San Francisco’’ and inserting ‘‘San Francisco
Museum and Historical Society’’.¿
øThe referenced statement of the managers under this heading
in Public Law 108–199 is deemed to be amended with respect to
item number 855 by striking ‘‘the Skagit County Children’s Museum
in Mount Vernon, Washington for facilities improvements and renovation’’ and inserting ‘‘the Children’s Museum of Skagit County in
Mount Vernon, Washington to purchase and renovate a building’’.¿
øThe referenced statement of the managers under this heading
in Public Law 108–447 is deemed to be amended with respect to
item number 1027 by striking ‘‘planning and design’’ and inserting
‘‘planning, design, construction and buildout’’.¿
øThe referenced statement of the managers under this heading
in Public Law 108–447 is deemed to be amended with respect to
item number 946 by striking ‘‘capital’’ and inserting ‘‘planning, design, engineering, and construction’’.¿
øThe referenced statement of the managers under this heading
in Public Law 108–447 is deemed to be amended with respect to
item number 731 by striking ‘‘rehabilitation and buildout’’ and inserting ‘‘planning, evaluation, design, engineering and construction’’.¿
(Department of Housing and Urban Development Appropriations Act,
2006.)
øFor an additional amount for the ‘‘Community development fund’’,
for necessary expenses related to disaster relief, long-term recovery,
and restoration of infrastructure in the most impacted and distressed
areas related to the consequences of hurricanes in the Gulf of Mexico
in 2005 in States for which the President declared a major disaster
under title IV of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5121 et seq.) in conjunction with
Hurricane Katrina, Rita, or Wilma, $11,500,000,000, to remain available until expended, for activities authorized under title I of the
Housing and Community Development Act of 1974 (Public Law 93–
383): Provided, That no State shall receive more than 54 percent
of the amount provided under this heading: Provided further, That
funds provided under this heading shall be administered through
an entity or entities designated by the Governor of each State: Provided further, That such funds may not be used for activities reimbursable by or for which funds are made available by the Federal
Emergency Management Agency or the Army Corps of Engineers:
Provided further, That funds allocated under this heading shall not
adversely affect the amount of any formula assistance received by
a State under this heading: Provided further, That each State may
use up to five percent of its allocation for administrative costs: Provided further, That Louisiana and Mississippi may each use up to
$20,000,000 (with up to $400,000 each for technical assistance) from
funds made available under this heading for LISC and the Enterprise
Foundation for activities 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, and for activities authorized under section
11 of the Housing Opportunity Program Extension Act of 1996, including demolition, site clearance and remediation, and program administration: Provided further, That in administering the funds under
this heading, the Secretary of Housing and Urban Development shall
waive, or specify alternative requirements for, any provision of any
statute or regulation that the Secretary administers in connection
with the obligation by the Secretary or the use by the recipient
of these funds or guarantees (except for requirements related to fair
housing, nondiscrimination, labor standards, and the environment),
upon a request by the State that such waiver is required to facilitate
the use of such funds or guarantees, and a finding by the Secretary
that such waiver would not be inconsistent with the overall purpose
of the statute, as modified: Provided further, That the Secretary may
waive the requirement that activities benefit persons of low and moderate income, except that at least 50 percent of the funds made
available under this heading must benefit primarily persons of low
and moderate income unless the Secretary otherwise makes a finding
of compelling need: Provided further, That the Secretary shall publish
in the Federal Register any waiver of any statute or regulation that
the Secretary administers pursuant to title I of the Housing and
Community Development Act of 1974 no later than 5 days before
the effective date of such waiver: Provided further, That every waiver
made by the Secretary must be reconsidered according to the three
previous provisos on the two-year anniversary of the day the Secretary published the waiver in the Federal Register: Provided further,
That prior to the obligation of funds each State shall submit a plan
to the Secretary detailing the proposed use of all funds, including
criteria for eligibility and how the use of these funds will address
long-term recovery and restoration of infrastructure: Provided further,
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543

That each State will report quarterly to the Committees on Appropriations on all awards and uses of funds made available under
this heading, including specifically identifying all awards of solesource contracts and the rationale for making the award on a solesource basis: Provided further, That the Secretary shall notify the
Committees on Appropriations on any proposed allocation of any
funds and any related waivers made pursuant to these provisions
under this heading no later than 5 days before such waiver is made:
Provided further, That the Secretary shall establish procedures to
prevent recipients from receiving any duplication of benefits and report quarterly to the Committees on Appropriations with regard to
all steps taken to prevent fraud and abuse of funds made available
under this heading including duplication of benefits: Provided further,
That the amounts provided under this heading are designated as
an emergency requirement pursuant to section 402 of H. Con. Res.
95 (109th Congress), the concurrent resolution on the budget for
fiscal year 2006.¿ (Emergency Supplemental Appropriations Act to
Address Hurricanes in the Gulf of Mexico and Pandemic Influenza,
2006.)
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0162–0–1–451

00.01
00.02
00.03
00.04
00.05
00.06
00.07
00.08
00.09
00.10
00.11
00.12
00.13
00.14
00.15
00.16
00.17
00.18

2006 est.

Obligations by program activity:
Community Development Formula Grants .....................
4,227
3,594
Working Capital Fund ....................................................
3
2
Housing Assistance Council ..........................................
3 ...................
Indian Tribes ..................................................................
71
132
Special Purpose Grants .................................................
40
43
Youthbuild ......................................................................
64
64
Self Help Homeownership Opportunity Program ............
27
25
Capacity Building ..........................................................
69 ...................
Economic Development Initiative Grants .......................
290
298
Neighborhood Initiative Demonstration .........................
21
39
National American Indian Housing Council ..................
2 ...................
National Housing Development Corporation ..................
10 ...................
National Council of La Raza .........................................
5
5
Disaster Assistance .......................................................
132
11,520
Native Hawaiian Block Grants .......................................
9
9
Special Olympics ............................................................
2 ...................
Hudson River Park Trust Grant ..................................... ...................
31
Gilman Institute Grant ...................................................
1 ...................

10.00

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

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

23.90
23.95
23.98

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

24.40

Unobligated balance carried forward, end of year

2007 est.

2,769
...................
...................
57
...................
50
...................
...................
...................
...................
...................
...................
...................
...................
...................
...................
...................
...................

4,976

15,762

2,876

1,305
4,852

1,181
15,678

1,100
2,676

1 ................... ...................
2
3 ...................
6,160
16,862
3,776
¥4,976
¥15,762
¥2,876
¥3 ................... ...................
1,181

1,100

900

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
4,891
15,720
3,032
40.33
Appropriation permanently reduced (P.L. 109–148) ...................
¥42 ...................
40.35
Appropriation permanently reduced ..........................
¥38 ................... ...................
40.36
Unobligated balance permanently reduced .............. ................... ...................
¥356
41.00
Transferred to other accounts ...................................
¥1 ................... ...................
43.00

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

72.40
73.10
73.20
73.40
73.45

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

74.40

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

10,659

19,515

15,604

86.90
86.93

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

68
4,919

2,005
4,901

54
6,733

87.00

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

4,987

6,906

6,787

Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

4,852

15,678

2,676

10,694
10,659
19,515
4,976
15,762
2,876
¥4,987
¥6,906
¥6,787
¥23 ................... ...................
¥1 ................... ...................

544

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007
Budgetary resources available for obligation:
New budget authority (gross) ........................................
Total new obligations ....................................................

10 ................... ...................
¥10 ................... ...................

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

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

72.40
73.10
73.20

171
133
88
10 ................... ...................
¥48
¥45
¥43

74.40

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

133

86.93

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

89.00
90.00

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

10 ................... ...................
48
45
43

General and special funds—Continued
22.00
23.95

COMMUNITY DEVELOPMENT FUND—Continued
(INCLUDING

RECISSION)—Continued

Program and Financing (in millions of dollars)—Continued
2005 actual

Identification code 86–0162–0–1–451

Offsets:
Against gross budget authority and outlays:
88.40
Offsetting collections (cash) from: Non-Federal
sources ..................................................................
Against gross budget authority only:
88.96
Portion of offsetting collections (cash) credited to
expired accounts ...................................................
Net budget authority and outlays:
89.00 Budget authority ............................................................
90.00 Outlays ...........................................................................

2006 est.

2007 est.

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

4,852
4,984

15,678
6,906

2,676
6,787

To implement the goals of the Strengthening America’s
Communities Initiative (SACI), the Department of Housing
and Urban Development will work in partnership with the
Department of Commerce and other agencies to establish and
apply a common set of performance goals and measures for
all Federal community and economic development programs.
The programs will focus on clear goals and expected results,
designed to achieve stronger performance, and targeted to
communities unable to meet their own needs.
In HUD, this initiative proposes to consolidate and reform
the Community Development Block Grant (CDBG) program
and other set-asides within the Community Development
Fund and Self-Help Homeownership Opportunity Program.
The new program would be designed with a bonus fund component, a new allocation formula to better target funds to
needs, and other reforms to achieve greater results and focus
on communities most in need of assistance, as noted in the
PART analysis. Legislation to authorize these reforms will
be transmitted early in 2006.
Some of the set-asides formerly funded under the Community Development Fund will continue to be funded separately.
The Self-Help Homeownership Opportunity Program (SHOP)
is proposed for funding at $40 million as a separate program.
The Native Hawaiian Housing Block Grant program is proposed for funding at $6 million as a separate program within
Public and Indian Housing. The budget also proposes $29
million within the Research and Technology Account for University Programs that have been and will continue to be administered by the Office of Policy Development and Research.
The Indian Community Development Block Grant program
will continue to be funded in this account at $57 million.
The 2007 Budget also proposes to transfer the Youthbuild
program from HUD to the Department of Labor, as recommended by the White House Task Force on Disadvantaged
Youth, to allow for greater coordination of the program with
Job Corps and other employment and training programs. The
2007 Budget includes $50 million in funding for this program.
Youthbuild provides grants to local organizations to provide
education and training to disadvantaged youth age 16–24.
In addition to participating in classroom training, youth learn
construction skills by helping to build affordable housing.

BROWNFIELDS REDEVELOPMENT
ø(INCLUDING

Program and Financing (in millions of dollars)

cprice-sewell on PROD1PC66 with BUDGET PAG

2005 actual

2006 est.

2007 est.

24 ...................

10.00

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

24 ...................

21.40
22.00

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

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

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

23.90
23.95

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

10.00

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

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

24.40

Unobligated balance carried forward, end of year

12:00 Jan 26, 2006

Jkt 206762

PO 00000

Frm 00016

Fmt 3616

2007 est.

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

00.01

VerDate Aug 31 2005

2006 est.

00.01

Program and Financing (in millions of dollars)
Identification code 86–0315–0–1–451

2005 actual

Identification code 86–0314–0–1–451

EMPOWERMENT ZONES/ENTERPRISE COMMUNITIES/RENEWAL
COMMUNITIES

RESCISSION OF FUNDS)¿

øFor competitive economic development grants, as authorized by
section 108(q) of the Housing and Community Development Act of
1974, as amended, for Brownfields redevelopment projects,
$10,000,000, to remain available until September 30, 2007: Provided,
That $10,000,000 shall be rescinded from unobligated balances from
prior years appropriations under this heading and, to the extent
there are insufficient balances, any additional rescission amounts
shall be rescinded from funds appropriated under this heading for
fiscal year 2006.¿ (Department of Housing and Urban Development
Appropriations Act, 2006.)

Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

25
24 ...................
24 ................... ...................
49
¥25

24 ...................
¥24 ...................

24 ................... ...................

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
24
40.36
Unobligated balance permanently reduced .............. ...................

HOME INVESTMENT PARTNERSHIPS PROGRAM
10 ...................
¥10 ...................

43.00

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

72.40
73.10
73.20

114
25
¥12

74.40

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

127

139

128

86.93

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

89.00
90.00

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

24 ................... ...................
12
12
11

24 ................... ...................

127
139
24 ...................
¥12
¥11

(INCLUDING TRANSFER OF FUNDS)

For the HOME investment partnerships program, as authorized
under title II of the Cranston-Gonzalez National Affordable Housing
Act, as amended, ø$1,750,000,000¿ $1,816,640,000, to remain available until September 30, ø2008¿ 2009: Provided, That of the total
amount provided in this paragraph, øup to $42,000,000 shall be available for housing counseling under section 106 of the Housing and
Urban Development Act of 1968, and $1,000,000¿ $3,465,000 shall
be transferred to the Working Capital Fund: Provided further, That
up to $9,900,000 shall be available for technical assistance.
In addition to amounts otherwise made available under this heading, ø$25,000,000¿ $100,000,000, to remain available until September
30, ø2008¿ 2009, for assistance to homebuyers as authorized under
title I of the American Dream Downpayment Act. (Department of
Housing and Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0205–0–1–604

YOUTHBUILD PROGRAM

2005 actual

cprice-sewell on PROD1PC66 with BUDGET PAG

72.40

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

2006 est.

2007 est.

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

89.00
90.00

Youthbuild is a program targeted to 16- to 24-year old
high school dropouts and provides disadvantaged young
adults with education and employment skills through rehabilitating and constructing housing for low-income and homeless people.
The Youthbuild program has been funded as a set-aside
within the CDBG program since 1996. The 2007 Budget proposes to fund the Youthbuild program within the U.S. Department of Labor to allow for greater coordination with other
employment and training programs. The obligated balance
and outlays represent activity in the separate Youthbuild account.
12:00 Jan 26, 2006

Jkt 206762

2007 est.

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

2,035

1,893

1,917

10.00

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

2,035

1,893

1,917

21.40
22.00
22.10

447
1,900

318
1,757

182
1,917

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

23.90
23.95

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

2,353
¥2,035

2,075
¥1,893

2,099
¥1,917

24.40

Unobligated balance carried forward, end of year

318

182

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
1,915
1,775
1,917
40.33
Appropriation permanently reduced (P.L. 109–148) ...................
¥18 ...................
40.35
Appropriation permanently reduced ..........................
¥15 ................... ...................
43.00

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

1,900

1,757

1,917

72.40
73.10
73.20
73.40
73.45

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

74.40

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

5,557

5,676

5,771

86.90
86.93

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

13
1,705

35
1,739

38
1,784

87.00

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

1,718

1,774

1,822

89.00
90.00

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

1,900
1,718

1,757
1,774

1,917
1,822

5,247
5,557
5,676
2,035
1,893
1,917
¥1,718
¥1,774
¥1,822
¥1 ................... ...................
¥6 ................... ...................

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

74.40

VerDate Aug 31 2005

2006 est.

00.01

Program and Financing (in millions of dollars)
Identification code 86–0219–0–1–604

545

PO 00000

Frm 00017

Fmt 3616

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.
In its PART assessment, the HOME program received a
Moderately Effective rating, based upon the fact that the
program has a potentially significant impact on affordable
housing problems, has made progress towards its annual performance goals, and demonstrates improved efficiency over
time. The 2007 request supports the PART analysis and will
result in the production of 83,750 units of affordable housing
through new construction, rehabilitation, and/or acquisition.
Sfmt 3616

E:\BUDGET\HUD.XXX

HUD

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

546

THE BUDGET FOR FISCAL YEAR 2007
86.93

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

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

87.00

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

89.00
90.00

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

60
1

40
20

(INCLUDING TRANSFER OF FUNDS)—Continued

In addition, tenant-based rental assistance will be provided
for 12,080 units.
The $100 million American Dream Downpayment Initiative
will help expand homeownership opportunities to 13,000 lowincome first-time homebuyers and also support expansion of
minority homeownership.
f

SELF-HELP

AND

ASSISTED HOMEOWNERSHIP OPPORTUNITY PROGRAM

For the Self-Help and Assisted Homeownership Opportunity Program, as authorized under Section 11 of the Housing Opportunity
Program Extension Act of 1996, as amended, ø$61,000,000¿
$39,700,000, to remain available until September 30, ø2008: Provided,
That of the total amount provided in this heading $20,000,000 shall
be made available to the Self Help Homeownership Opportunity Program as authorized under section 11 of the Housing Opportunity
Program Extension Act of 1996, as amended: Provided further, That
$30,000,000 shall be made available for capacity building, of which
$26,500,000 shall be for capacity building for Community Development and affordable Housing for LISC and the Enterprise Foundation
for activities 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, and $3,500,000 shall be made available for capacity building
activities administered by Habitat for Humanity International: Provided further, That $3,000,000 shall be made available to the Housing
Assistance Council; $1,000,000 shall be made available to the National American Indian Housing Council; $4,000,000 shall be available as a grant to the Raza Development Fund of La Raza for the
HOPE Fund, of which $500,000 is for technical assistance and fund
management, and $3,500,000 is for investments in the HOPE Fund
and financing to affiliated organizations; $2,000,000 shall be available
as a grant to the National Housing Development Corporation for
operating expenses and a program of affordable housing acquisition
and rehabilitation; and $1,000,000 shall be made available to the
Special Olympics National Organizing Committee for planning, equipment and operational expenses associated with the 2006 games in
Ames, Iowa¿ 2009: Provided, That up to $990,000 shall be made
available for technical assistance. (Department of Housing and Urban
Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0176–0–1–604

00.01
00.02
00.03
00.04
00.05
00.06
00.07

Obligations by program activity:
Self Help Housing Opportunity Program ........................
Capacity Building ..........................................................
National American Indian Housing Council ..................
Housing Assistance Council ..........................................
Special Olympics ............................................................
National Council of La Raza .........................................
National Housing Development Corporation ..................

2007 est.

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

20
29
1
3
1
4
2

40
...................
...................
...................
...................
...................
...................

10.00

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

22.00
23.95

60
¥60

40
¥40

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation ............................................................. ...................
40.33
Appropriation permanently reduced (P.L. 109–148) ...................
cprice-sewell on PROD1PC66 with BUDGET PAG

2006 est.

43.00

72.40
73.10
73.20

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

61
40
¥1 ...................
60

Change in obligated balances:
Obligated balance, start of year ................................... ................... ...................
Total new obligations .................................................... ...................
60
Total outlays (gross) ...................................................... ...................
¥1

59
40
¥20

74.40

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

86.90

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

Frm 00018

Fmt 3616

VerDate Aug 31 2005

12:00 Jan 26, 2006

Jkt 206762

PO 00000

Self-Help Homeownership Opportunity Program (SHOP)
funds assist low-income homebuyers willing to contribute
‘‘sweat equity’’ toward the construction of their houses. The
funds will increase nonprofit organizations’ ability to leverage
funds from other sources and produce at least 2,000 new
homeownership units.
In 2006, SHOP became a separate account. SHOP was previously funded as a set-aside within the Community Development Fund. Funding of $40 million is provided for acquisition
and preparation of land to assist the efforts for national and
regional consortia. Of that amount, $990,000 will be used
for technical assistance.
f

HOMELESS ASSISTANCE GRANTS
(INCLUDING TRANSFER OF FUNDS)

For the emergency shelter grants program as authorized under
subtitle B of title IV of the McKinney-Vento Homeless Assistance
Act, as amended; the supportive housing program as authorized
under subtitle C of title IV of such Act; the section 8 moderate
rehabilitation single room occupancy program as authorized under
the United States Housing Act of 1937, as amended, to assist homeless individuals pursuant to section 441 of the McKinney-Vento
Homeless Assistance Act; and the shelter plus care program as authorized under subtitle F of title IV of such Act, ø$1,340,000,000¿
$1,511,240,000, of which ø$1,320,000,000¿ $1,491,240,000 shall remain available until September 30, ø2008¿ 2009, and of which
$20,000,000 shall remain available until expended: Provided, That
not less than 30 percent of funds made available, excluding amounts
provided for renewals under the shelter plus care program, shall
be used for permanent housing: Provided further, That all funds
awarded for services shall be matched by 25 percent in funding by
each grantee: Provided further, That the Secretary shall renew on
an annual basis expiring contracts or amendments to contracts funded under the shelter plus care program if the program is determined
to be needed under the applicable continuum of care and meets appropriate program requirements and financial standards, as determined
by the Secretary: Provided further, That all awards of assistance
under this heading shall be required to coordinate and integrate
homeless programs with other mainstream health, social services,
and employment programs for which homeless populations may be
eligible, including Medicaid, State Children’s Health Insurance Program, Temporary Assistance for Needy Families, Food Stamps, and
services funding through the Mental Health and Substance Abuse
Block Grant, Workforce Investment Act, and the Welfare-to-Work
grant program: Provided further, That up to ø$11,674,000¿
$10,395,000 of the funds appropriated under this heading shall be
available for the national homeless data analysis project and technical assistance: Provided further, That ø$1,000,000¿ $2,475,000 of
the funds appropriated under this heading shall be transferred to
the Working Capital Fund: Provided further, That all balances for
Shelter Plus Care renewals previously funded from the Shelter Plus
Care Renewal account and transferred to this account shall be available, if recaptured, for Shelter Plus Care renewals in fiscal year
ø2006¿ 2007. In addition, $24,750,000 is provided for fiscal year
2007, to be transferred to ‘‘Training and Employment Services.’’ Employment and Training Administration, Department of Labor, shall
be for the Prisoner Re-Entry Initiative as established under that heading. (Department of Housing and Urban Development Appropriations
Act, 2006.)
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0192–0–1–604

00.01

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

Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

1,427

2006 est.

1,502

2007 est.

1,637

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
10.00

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

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

23.90
23.95
23.98

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

24.40

Unobligated balance carried forward, end of year

1,427

1,502

1,637

1,697
1,230

1,573
1,327

1,448
1,536

1,573

1,448

1,397

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
1,251
1,340
1,536
40.33
Appropriation permanently reduced (P.L. 109–148) ...................
¥13 ...................
40.35
Appropriation permanently reduced ..........................
¥10 ................... ...................
40.36
Unobligated balance permanently reduced ..............
¥11 ................... ...................
43.00

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

Change in obligated balances:
72.40 Obligated balance, start of year ...................................
73.10 Total new obligations ....................................................
73.20 Total outlays (gross) ......................................................
73.32 Obligated balance transferred from other accounts
73.40 Adjustments in expired accounts (net) .........................
73.45 Recoveries of prior year obligations ..............................

cprice-sewell on PROD1PC66 with BUDGET PAG

74.40

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

1,230

1,327

2,460
2,516
2,636
1,427
1,502
1,637
¥1,282
¥1,332
¥1,387
14 ................... ...................
¥12 ................... ...................
¥91
¥50
¥50
2,516

2,636

AND

ECONOMIC DEVELOPMENT

øFor the Office of Rural Housing and Economic Development in
the Department of Housing and Urban Development, $17,000,000,
to remain available until expended, which amount shall be competitively awarded by September 1, 2006, to Indian tribes, State housing
finance agencies, State community and/or economic development
agencies, local rural nonprofits and community development corporations to support innovative housing and economic development activities in rural areas.¿ (Department of Housing and Urban Development
Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
2005 actual

23
1,364

87.00

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

1,282

1,332

1,387

89.00
90.00

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

1,230
1,282

1,327
1,332

1,536
1,387

The Homeless Assistance Grants account funds the Shelter
Plus Care, Supportive Housing, Emergency Shelter Grants,
and Section 8 Moderate Rehabilitation Single Room Occupancy programs. These funds enable localities to shape and
implement comprehensive, flexible, coordinated approaches to
address the multiple issues of homelessness. Many communities have made great strides in creating comprehensive approaches to ending chronic homelessness through the development of State Interagency Councils and local ten-year plans.
Requested funding will be available for a wide range of activities to assist homeless persons and prevent future homelessness, and will support the Department’s effort to end chronic
homelessness. A major emphasis will be placed on permanent
housing by requiring 30 percent of funds to be used for permanent housing.
The Administration proposed legislation to combine HUD’s
three competitive programs—Shelter Plus Care, Supportive
Housing, and Section 8 Moderate Rehabilitation Single Room
Occupancy—into a single program with enough flexibility to
better meet community needs. The Department continues to
pursue expanded interagency efforts to meet the needs of
the homeless and to accomplish the Administration’s goal of
ending chronic homelessness. The new consolidated program
will incorporate up to $200 million for the Samaritan Housing
Initiative which will specifically address the supportive housing needs of chronically homeless individuals.
Funding is also requested for technical assistance to provide
among other services, needed assistance to grantees to resolve
problems that hinder successful project completion and implementation, and for homeless management information systems (HMIS) support, including the continuing operation of
tracking systems required by House Report 105–610.
Funding of $24.75 million is included for a four year Prisoner Re-Entry Initiative, involving the Departments of JusPO 00000

Frm 00019

Fmt 3616

2006 est.

2007 est.

00.01

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

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

10.00

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

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

21.40
22.00
22.10

27
24

27 ...................
17 ...................

2,836

13
1,319

Jkt 206762

RURAL HOUSING

Identification code 86–0324–0–1–604

8
1,274

12:00 Jan 26, 2006

1,536

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

VerDate Aug 31 2005

tice, Labor, and Housing and Urban Development, to help
individuals exiting prison make a successful transition to community life and long-term employment. Upon enactment,
these funds will be transferred to the Department of Labor.

91
50
50
11 ................... ...................
3,029
2,950
3,034
¥1,427
¥1,502
¥1,637
¥29 ................... ...................

547

23.90
23.95

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

24.40

Unobligated balance carried forward, end of year

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

1 ................... ...................
52
¥25

44 ...................
¥44 ...................

27 ................... ...................

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

72.40
73.10
73.20
73.45

74.40

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

86.93

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

89.00
90.00

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

24
24

17 ...................
23
22

40
40
61
25
44 ...................
¥24
¥23
¥22
¥1 ................... ...................

E:\BUDGET\HUD.XXX

HUD

548

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007

General and special funds—Continued

Public enterprise funds:
REVOLVING FUND (LIQUIDATING PROGRAMS)

URBAN DEVELOPMENT ACTION GRANTS

Program and Financing (in millions of dollars)

2005 actual

Identification code 86–4015–0–3–451
2005 actual

Identification code 86–0170–0–1–451

Budgetary resources available for obligation:
21.40 Unobligated balance carried forward, start of year
22.21 Unobligated balance transferred to other accounts

2006 est.

7
¥2

2006 est.

2007 est.

5
2
¥3 ...................

23.90

Total budgetary resources available for obligation

24.40

Unobligated balance carried forward, end of year

72.40
73.20

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

6
¥2

4
¥2

2
¥2

74.40

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

00.01

Obligations by program activity:
Section 312 expenses .................................................... ...................

10.00

Total new obligations (object class 32.0) ................ ...................

21.40
22.00
22.40
23.90
23.95

13
1
¥13

1 ...................
2
2
¥2
¥1

Total budgetary resources available for obligation
1
Total new obligations .................................................... ...................

24.40

Unobligated balance carried forward, end of year

1
¥1

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

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

86.93

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

89.00
90.00

Title I of the Housing and Community Development Act
of 1974, as amended, authorized grants to distressed cities
and distressed urban counties to fund economic development
projects. The program was terminated in 1990.

New budget authority (gross), detail:
Mandatory:
60.00
Appropriation .............................................................
1
Mandatory:
69.00
Spending authority from offsetting collections: Offsetting collections (cash) ..................................... ...................
70.00

72.40
73.10
73.20

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

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

74.40

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

2 ...................
1
1
¥3
¥3

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

¥2

86.97
86.98

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

2
1

87.00

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

¥1

1
2

SHELTER PLUS CARE RENEWALS
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0232–0–1–604

2006 est.

2007 est.

21.40
22.21

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
Unobligated balance transferred to other accounts

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

72.40
73.31

Change in obligated balances:
Obligated balance, start of year ...................................
Obligated balance transferred to other accounts .........

14 ................... ...................
¥14 ................... ...................

89.00
90.00

Status of Direct Loans (in millions of dollars)
2005 actual

cprice-sewell on PROD1PC66 with BUDGET PAG

Identification code 86–4015–0–3–451

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

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year .............................................
6
1251 Repayments: Repayments and prepayments ................. ...................
1263 Write-offs for default: Direct loans ............................... ...................

The 2005 Appropriations Act transferred all remaining balances in this account to the Homeless Assistance Grant account where Shelter Plus Care renewals have been funded
since 2003. 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.

1290

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2007 est.

6
¥1
¥1

4
¥1
¥1

The Revolving Fund (liquidating programs) was established
by the Independent Offices Appropriations Act of 1955 for
the efficient liquidation of assets acquired under a number
of housing and urban development programs.
Balance Sheet (in millions of dollars)
2004 actual

Identification code 86–4015–0–3–451

ASSETS:
Federal assets: Fund balances with Treasury ..............
Net value of assets related to pre–1992
direct loans receivable and acquired defaulted guaranteed loans
receivable:
1601
Direct loans, gross ...................................................
1603
Allowance for estimated uncollectible loans and
interest (–) ...........................................................
1101

1604
VerDate Aug 31 2005

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

2006 est.

Sfmt 3633

Direct loans and interest receivable, net .......
E:\BUDGET\HUD.XXX

HUD

2005 actual

–6

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

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

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
1606

Foreclosed property ...................................................

1699

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

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

1999

2999

3
13

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

3999

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

4999

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

Credit accounts:
COMMUNITY DEVELOPMENT LOAN GUARANTEES PROGRAM ACCOUNT
ø(INCLUDING

TRANSFER OF FUNDS)¿

øFor the cost of guaranteed loans, $3,000,000, to remain available
until September 30, 2007, as authorized by section 108 of the Housing
and Community Development Act of 1974, as amended: Provided,
That such costs, including the cost of modifying such loans, shall
be as defined in section 502 of the Congressional Budget Act of
1974, as amended: Provided further, That these funds are available
to subsidize total loan principal, any part of which is to be guaranteed, not to exceed $137,500,000, notwithstanding any aggregate limitation on outstanding obligations guaranteed in section 108(k) of the
Housing and Community Development Act of 1974, as amended.¿
øIn addition, for administrative expenses to carry out the guaranteed loan program, $750,000 shall be transferred to and merged with
the appropriation for ‘‘Salaries and expenses’’.¿ (Department of Housing and Urban Development Appropriations Act, 2006.)

90.00

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

549

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
2005 actual

Identification code 86–0198–0–1–451

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

2006 est.

2007 est.

337

276 ...................

337

276 ...................

2.30

2.20

0.00

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

2.30

2.20

0.00

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

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

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

234901 Total subsidy outlays .....................................................
Guaranteed loan upward reestimate subsidy budget authority:
235001 Community development loan guarantee levels ...........

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

235901 Total upward reestimate budget authority ....................
Guaranteed loan downward reestimate subsidy budget
authority:
237001 Community development loan guarantee levels ...........

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

¥15

¥6 ...................

237901 Total downward reestimate subsidy budget authority

¥15

¥6 ...................

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 ...........

Program and Financing (in millions of dollars)

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
Mandatory:
60.00
Appropriation .............................................................

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

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

Guaranteed Loans.—The 2007 Budget requests no new
funding for the Community Development Loan Guarantee
program (Section 108). As part of a broader government-wide
community and economic development reform effort, the program is proposed to be consolidated into a reformed Community Development Block Grant program designed to achieve
greater results and target the most distressed communities.
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.
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. No new loan activity
is proposed for 2007.

70.00

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

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

Object Classification (in millions of dollars)

72.40
73.10
73.20
73.40

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

74.40

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

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

2
2
2

1 ...................
4
5
3 ...................

COMMUNITY DEVELOPMENT LOAN GUARANTEES FINANCING ACCOUNT

87.00

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

Identification code 86–4096–0–3–451

89.00

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

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

2005 actual

Identification code 86–0198–0–1–451

Obligations by program activity:
Community development loan guarantee credit subsidy ............................................................................
8
00.07 Upward Reestimate of Loan Guarantee ........................
2
00.08 Interest on reestimate ................................................... ...................
00.09 Administrative expense ..................................................
1

2006 est.

2007 est.

cprice-sewell on PROD1PC66 with BUDGET PAG

00.02

6
2
1
1

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

10.00

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

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

21.40
22.00

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

5
9

3 ...................
7 ...................

23.90
23.95

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

14
¥11

10 ...................
¥10 ...................

24.40

Unobligated balance carried forward, end of year

VerDate Aug 31 2005

12:00 Jan 26, 2006

Jkt 206762

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

2005 actual

Identification code 86–0198–0–1–451

15
17
19
11
10 ...................
¥6
¥8
¥5
¥3 ................... ...................

PO 00000

Frm 00021

Fmt 3616

2007 est.

12.1
33.0

Civilian personnel benefits ............................................
Investments and loans ..................................................

1
10

1 ...................
9 ...................

99.9

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

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

2006 est.

Program and Financing (in millions of dollars)

08.02

2005 actual

Obligations by program activity:
Payment of Downward Reestimate to Receipt Account

Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

2006 est.

2007 est.

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

550

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007

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

2290

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

2,302

2,175

2,086

2299

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

2,302

2,175

2,086

Program and Financing (in millions of dollars)—Continued
2005 actual

Identification code 86–4096–0–3–451

08.04
10.00

2006 est.

Balance Sheet (in millions of dollars)

2007 est.

Payment of Downward Reestimate to Receipt Account
(Interest) ....................................................................

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

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

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

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

90
11

86
7

87
9

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

101
¥15

24.40

Unobligated balance carried forward, end of year

68.90

69.00

Spending authority from offsetting collections
(total discretionary) .....................................
Mandatory:
Offsetting collections (cash) ................................

70.00

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

72.40
73.10
73.20
74.00

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
87.00

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

1101

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

93
96
¥6 ...................

2 ................... ...................
9

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

¥15
15
¥15

¥17
¥17
6 ...................
¥6 ...................

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

2005 actual

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

2999

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

4999

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

1999

23.90
23.95

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

2004 actual

Identification code 86–4096–0–3–451

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 2007.
As required by the Federal Credit Reform Act of 1990,
this non-budgetary account records all cash flows to and from
the Government resulting from loan guarantees committed
in 1992 and beyond (including modifications of loan guarantees that resulted from commitments in any year). The
amounts in this account are a means of financing and are
not included in the budget totals. As required by the Federal
Credit Reform Act of 1990, no administrative expenses can
be recorded in the financing account.
f

¥17
15

¥17
¥17
6 ...................

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
88.00
Federal Sources: Payments from Program Account .................................................................
¥4
¥7
¥5
88.00
Federal sources: Upward reestimate (Interest) .... ................... ................... ...................
88.00
Federal sources .....................................................
¥1 ................... ...................
88.25
Interest on uninvested funds ...............................
¥4
¥4
¥4
88.90
88.95
88.96

89.00
90.00

Total, offsetting collections (cash) ..................
¥9
¥11
¥9
Against gross financing authority only:
Change in receivables from program accounts .......
¥2 ................... ...................
Portion of offsetting collections (cash) credited to
expired accounts ................................................... ...................
4 ...................
Net financing authority and financing disbursements:
Financing authority ........................................................ ................... ................... ...................
Financing disbursements ...............................................
5
¥5
¥9

2005 actual

cprice-sewell on PROD1PC66 with BUDGET PAG

2210
2231
2251

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

VerDate Aug 31 2005

12:00 Jan 26, 2006

Jkt 206762

2006 est.

275
138
223
159
¥2
¥21
¥159 ...................
337
337

2,301
168
¥167
PO 00000

Program and Financing (in millions of dollars)
2005 actual

Identification code 86–4097–0–3–451

2006 est.

2007 est.

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

276 ...................
276 ...................

2,302
173
¥300

2,175
261
¥350

Frm 00022

Fmt 3616

2007 est.

72.40

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

¥5

74.40

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

¥5

89.00
90.00

Status of Guaranteed Loans (in millions of dollars)
2005 actual

Identification code 86–4097–0–3–451

2006 est.

Cumulative balance of guaranteed loans outstanding:
2210 Outstanding, start of year .............................................
39
2251 Repayments and prepayments ...................................... ...................

Status of Guaranteed Loans (in millions of dollars)
Identification code 86–4096–0–3–451

COMMUNITY DEVELOPMENT LOAN GUARANTEES LIQUIDATING
ACCOUNT

2007 est.

39
¥2

37
¥2

2290

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

2299

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

Balance Sheet (in millions of dollars)
2004 actual

Identification code 86–4097–0–3–451

E:\BUDGET\HUD.XXX

HUD

2005 actual

–5

–4

HOUSING PROGRAMS
Federal Funds

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
1999

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

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

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

No funding is requested for new Section 108 loans in 2007.
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.
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.
f

HOUSING PROGRAMS
Federal Funds
General and special funds:
HOUSING

FOR THE

ELDERLY

cprice-sewell on PROD1PC66 with BUDGET PAG

(INCLUDING 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, and for supportive services associated with the housing, ø$742,000,000¿
$545,490,000, to remain available until September 30, ø2009¿ 2010,
of which amount up to $443,520,000 shall be for capital advance
and project-based rental assistance awards, of which amount
ø$51,600,000¿ up to $59,400,000 shall be for service coordinators
and the continuation of existing congregate service grants for residents of assisted housing projects, and of which amount up to
ø$24,800,000¿ $24,750,000 shall be for grants under section 202b
of the Housing Act of 1959 (12 U.S.C. 1701q–2) for conversion of
eligible projects under such section to assisted living or related use
and for emergency capital repairs as determined by the Secretary:
Provided, øThat of the amount made available under this heading,
$4,000,000 shall be made available to carry out section 203 of Public
Law 108–186: Provided further, That of the amount made available
under this heading, $20,000,000 shall be available to the Secretary
of Housing and Urban Development only for making competitive
grants to private nonprofit organizations and consumer cooperatives
for covering costs of architectural and engineering work, site control,
and other planning relating to the development of supportive housing
for the elderly that is eligible for assistance under section 202 of
the Housing Act of 1959 (12 U.S.C. 1701q): Provided further,¿ That
amounts under this heading shall be available for Real Estate Assessment Center inspections and inspection-related activities associated
with section 202 capital advance projects: Provided further, That
ø$400,000¿ $1,980,000 of the total amount made available under
this heading shall be transferred to the Working Capital Fund: Provided further, That the Secretary may waive the provisions of section
202 governing the terms and conditions of project rental assistance,
except that the initial contract term for such assistance shall not
exceed 5 years in duration. (Department of Housing and Urban Development Appropriations Act, 2006.)

10.00

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

2006 est.

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

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12:00 Jan 26, 2006

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546

Frm 00023

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1,392
742

1,009
735

1,002
546

11 ................... ...................
¥126 ................... ...................
1,744
¥742

1,548
¥546

24.40

Unobligated balance carried forward, end of year

1,009

1,002

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
747
742
546
40.33
Appropriation permanently reduced (P.L. 109–148) ...................
¥7 ...................
40.35
Appropriation permanently reduced ..........................
¥6 ................... ...................
43.00

Appropriation (total discretionary) ........................
Discretionary:
Spending authority from offsetting collections: Offsetting collections (cash) .....................................

741

70.00

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

742

72.40
73.10
73.20
73.31
73.40
73.45

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................
Obligated balance transferred to other accounts .........
Adjustments in expired accounts (net) .........................
Recoveries of prior year obligations ..............................

74.40

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

86.90
86.93

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

87.00

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

68.00

89.00
90.00

735

546

1 ................... ...................
735

546

5,367
4,266
4,133
1,009
742
546
¥903
¥875
¥875
¥1,190 ................... ...................
¥4 ................... ...................
¥11 ................... ...................
4,266

4,133

3,804

1 ................... ...................
902
875
875
903

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

875

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

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

741
903

735
875

546
875

This account consolidates funds activity under the Section
202 Housing for the Elderly Program. It funds capital grants
for construction of low-income housing, operating subsidies,
conversion of existing properties to assisted living, and Service coordinators.
The 2007 Budget expands this program. About 2,700 new
units of housing will be constructed. All housing previously
supported will continue to receive operating subsidies. In addition, congregate services and other supportive social services
for residents, such as benefit counseling, are increased to
$59 million. Upgrades of developments to assisted living facilities are funded at $25 million.
HOUSING FOR THE ELDERLY
2005 actual

Units eligible for payment ..........................................................

82,359

2006 est.

88,418

2007 est.

94,351

Object Classification (in millions of dollars)

2007 est.

742

546

2,019
¥1,009

99.0
00.01

742

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

41.0
2005 actual

1,009

23.90
23.95

2005 actual

Identification code 86–0320–0–1–604

Program and Financing (in millions of dollars)
Identification code 86–0320–0–1–604

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

551

Direct obligations: Grants, subsidies, and contributions ...........................................................................
1,009
Reimbursable obligations: Reimbursable obligations ... ...................

99.9
Sfmt 3643

Total new obligations ................................................
E:\BUDGET\HUD.XXX

HUD

1,009

2006 est.

2007 est.

741
546
1 ...................
742

546

552

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007

86.93

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

307

258

260

89.00
90.00

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

238
307

237
258

119
260

General and special funds—Continued
HOUSING

FOR

PERSONS WITH DISABILITIES

(INCLUDING TRANSFER OF FUNDS)

For capital advance contracts, including amendments to capital
advance contracts, for supportive housing for persons with disabilities, as authorized by section 811 of the Cranston-Gonzalez National
Affordable Housing Act, for project rental assistance for supportive
housing for persons with disabilities under section 811(d)(2) of such
Act, including amendments to contracts for such assistance and renewal of expiring contracts for such assistance for up to a 1-year
term, and for supportive services associated with the housing for
persons with disabilities as authorized by section 811(b)(1) of such
Act, and for tenant-based rental assistance contracts entered into
pursuant to section 811 of such Act, ø$239,000,000¿ $118,800,000,
to remain available until September 30, ø2009¿ 2010: Provided, That
ø$400,000¿ $990,000 shall be transferred to the Working Capital
Fund: Provided further, That up to $30,690,000 shall be for expansion
of existing levels of housing assistance, including up to $14,850,000
for incremental tenant-based rental assistance (which assistance is
5 years in duration) and up to $15,840,000 for new capital advance
project rental assistance contracts: Provided further, That, of the
amount provided under this heading ø$78,300,000¿ up to $74,745,000
shall be for amendments or renewal of tenant-based assistance contracts øentered into prior to fiscal year 2005 (only one amendment
authorized for any such contract): Provided further, That of the
amount provided under this heading, the Secretary may make available up to $5,000,000 for incremental tenant-based rental assistance,
as authorized by section 811 of such Act (which assistance is 5 years
in duration)¿: Provided further, That all tenant-based assistance
made available under this heading shall continue to remain available
only to persons with disabilities: Provided further, That the Secretary
may waive the provisions of section 811 governing the terms and
conditions of project rental assistance and tenant-based assistance,
except that the initial contract term for such assistance shall not
exceed 5 years in duration: Provided further, That amounts made
available under this heading shall be available for Real Estate Assessment Center Inspections and inspection-related activities associated with section 811 Capital Advance Projects. (Department of Housing and Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0237–0–1–604

2006 est.

296

239

119

10.00

296

239

119

202
238

276
237

5 ................... ...................
126 ................... ...................

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

571
¥296

513
¥239

393
¥119

24.40

Unobligated balance carried forward, end of year

276

274

cprice-sewell on PROD1PC66 with BUDGET PAG

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
478
239
119
40.33
Appropriation permanently reduced (P.L. 109–148) ...................
¥2 ...................
40.35
Appropriation permanently reduced ..........................
¥240 ................... ...................
Appropriation (total discretionary) ........................

72.40
73.10
73.20
73.32
73.40
73.45

Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total outlays (gross) ......................................................
Obligated balance transferred from other accounts
Adjustments in expired accounts (net) .........................
Recoveries of prior year obligations ..............................

74.40

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

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238

237

119

45
1,215
1,196
296
239
119
¥307
¥258
¥260
1,190 ................... ...................
¥4 ................... ...................
¥5 ................... ...................
1,215
PO 00000

2005 actual

Units eligible for payment ..........................................................

23,243

2006 est.

24,759

2007 est.

26,180

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, $44,550,000, to remain available until September 30, 2008: Provided, That funds shall be used for providing
counseling and advice to tenants and homeowners, both current and
prospective, with respect to property maintenance, financial management, and such other matters as may be appropriate to assist them
in improving their housing conditions and meeting the responsibilities
of tenancy or homeownership, including provisions for training and
for support of voluntary agencies and services.
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0156–0–1–604

2006 est.

2007 est.

00.01

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

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

45
¥5

24.40

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

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

73.10
73.20

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

5
¥5

86.90

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

89.00
90.00

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

45
5

274
119

23.90
23.95

43.00

HOUSING FOR PERSONS WITH DISABILITIES

2007 est.

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

This account consolidates all activities funded under section
811, Housing for Persons With Disabilities program, including
new capital grants, project rental assistance, main stream
vouchers, and renewal and amendments as appropropriate.

1,196

1,055

Frm 00024

Fmt 3616

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. However, in 2007, it is being proposed
as a stand alone account.
The Housing Counseling Assistance Program supports the
delivery of a wide variety of housing counseling services to
homebuyers, homeowners, low- to moderate-income renters
and the homeless. The primary objectives of the program
are to expand homeownership opportunities, improve access
to affordable housing and aid in HUD’s commitment to bridging the gap of homeownership of minorities and other underserved groups in comparison to the National homeownership
rate.
Sfmt 3616

E:\BUDGET\HUD.XXX

HUD

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
OTHER ASSISTED HOUSING PROGRAMS
For amendments to contracts under section 101 of the Housing
and Urban Development Act of 1965 (12 U.S.C. 1701s) and section
236(f)(2) of the National Housing Act (12 U.S.C. 1715z–1) in Stateaided,
non-insured
rental
housing
projects,
ø$26,400,000¿
$24,750,000, to remain available until expendedø: Provided, That
amendments to such contracts hereafter may be for a period less
than the term of the respective contracts¿. (Department of Housing
and Urban Development Appropriations Act, 2006.)

Section 236.—The Housing and Urban Development Act of
1968, as amended, authorizes the section 236 Rental Housing
Assistance Program which subsidizes the monthly mortgage
payment that an owner of a rental or cooperative project
is required to make. This interest subsidy reduces rents for
lower income tenants.
The table below reflects the consolidated outlay total for:
the Housing Certificate Fund; Tenant-Based Rental Assistance; Project-Based Rental Assistance; the Public Housing
Capital Fund; and the Other Assisted Housing account.

Program and Financing (in millions of dollars)

SUMMARY OF OUTLAYS 1

RENTAL HOUSING ASSISTANCE

2005 actual

Identification code 86–0206–0–1–999

2006 est.

(in millions of dollars)

2007 est.

2005 actual

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

1,144

10.00

1,179

1,414
81

491
26

491
25

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

230 ................... ...................
¥55 ................... ...................

23.90
23.95

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

1,670
¥1,179

517
¥26

516
¥25

24.40

Unobligated balance carried forward, end of year

491

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
626
40.00
Appropriation ............................................................. ...................
40.49
Portion applied to liquidate contract authority ........
¥626
43.00
49.35
60.00
70.00

74.40

86.90
86.93

578
26
¥578

578
25
¥578

Appropriation (total discretionary) ........................ ...................
26
25
Contract authority permanently reduced ..................
¥675 ................... ...................
Mandatory:
Appropriation .............................................................
756 ................... ...................
Total new budget authority (gross) ..........................

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

cprice-sewell on PROD1PC66 with BUDGET PAG

553

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

6,522
6,861
6,306
1,179
26
25
¥610
¥581
¥553
¥230 ................... ...................
6,306

5,778

Outlays (gross), detail:
Outlays from new discretionary authority ..................... ...................
Outlays from discretionary balances .............................
610

16
565

15
538

87.00

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

610

581

553

89.00
90.00

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

81
610

26
581

25
553

93.01
93.02
93.03
93.04

Memorandum (non-add) entries:
Unobligated balance, start of year: Contract
Unobligated balance, end of year: Contract
Obligated balance, start of year: Contract
Obligated balance, end of year: Contract

1,414
491
6,522
6,861

491
311
6,861
5,452

311
311
5,452
5,452

The Other Assisted Housing Account contains the programs
listed below:
Rent supplement.—Rent supplement assistance payments
will continue to be made on behalf of qualified low-income
tenants in approximately 17,239 units which have not converted to section 8.
Section 235.—The Housing and Urban-Rural Recovery Act
of 1983 (Public Law 98–181) authorized a restructured section
235 (Homeownership Assistance) program that provided
homeowners a 10-year interest reduction subsidy on their
mortgages.
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Frm 00025

1 Includes

2006 est.

27,048
23,285
3,153
55
4
544
6

2007 est.

27,730
24,037
3,112
55
4
517
6

28,044
24,626
2,864
55
3
489
6

outlays for contract renewals.
f

HOMEOWNERSHIP

AND OPPORTUNITY FOR PEOPLE
GRANTS (HOPE GRANTS)

EVERYWHERE

Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0196–0–1–604

2006 est.

2007 est.

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

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

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

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

21.40
22.00

72.40
73.20

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

12
¥3

9
¥3

6
¥3

74.40

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

86.93

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

89.00
90.00

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

6,861

authority
authority
authority
authority

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

Fmt 3616

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

The Homeownership and Opportunity for People Everywhere Program provided affordable homeownership opportunities for low-income families. Units were converted to homeownership from public and Indian housing properties in
HOPE 1, from FHA-insured and Government-held multifamily properties in HOPE 2, and from Government-owned
or -held single family properties in HOPE 3. HOPE Grants
were used for property acquisition, rehabilitation, mortgage
subsidies, security measures, and technical assistance. In addition, grants have been devoted to counseling and training
of residents, and other activities intended to help them become economically self-sufficient homeowners. No funding is
being requested for 2007. This schedule reflects the liquidation of prior year balances.
f

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.), up to ø$13,000,000¿ $16,000,000,
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
Sfmt 3616

E:\BUDGET\HUD.XXX

HUD

554

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007

MANUFACTURED HOUSING FEES TRUST FUND—Continued
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 ø2006¿ 2007 so as to result in a final fiscal year ø2006¿ 2007
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 ø2006¿ 2007 appropriation:
Provided further, That for the dispute resolution and installation programs, the Secretary of Housing and Urban Development may assess
and collect fees from any program participant: Provided further, That
such collections shall be deposited into the Fund, and the Secretary,
subject to amounts made available under this heading, may use such
collections, as well as fees collected under section 620, for necessary
expenses of such Act. (Department of Housing and Urban Development
Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0234–0–1–376

2006 est.

2007 est.

21.40
22.00

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

23.90

Total budgetary resources available for obligation

24.40

Unobligated balance carried forward, end of year

13
17
17
4 ................... ...................

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

72.40
73.20
74.40

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

¥1

¥1 ...................

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

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

73.10
73.20

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

1
¥1

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

86.97

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

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

89.00
90.00

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

1
1

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

23.95

General and special funds—Continued

The Interstate Land Sales Full Disclosure Act provides protection to the public with respect to purchase or leases of
subdivision lots. Statements of record must be filed with the
Secretary before subdivisions with 100 or more lots may be
sold in interstate commerce, except when the subdivision is
eligible for exemption.
The Secretary is authorized to charge a fee, to be paid
by the developer when filing a statement of record. The fee
receipts are permanently appropriated and have helped finance a portion of the direct administrative expenses incurred
in program operations. An estimated 600 filings in 2007 will
result in $450,000 in fees.
f

Public enterprise funds:
4 ................... ...................

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

¥1
¥5
¥4 ...................

¥1

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

RENTAL HOUSING ASSISTANCE FUND
Program and Financing (in millions of dollars)

¥5

2005 actual

Identification code 86–4041–0–3–604

¥5

2006 est.

2007 est.

09.01

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

Outlays (gross), detail:
86.90 Outlays from new discretionary authority .....................
1 ................... ...................
86.93 Outlays from discretionary balances ............................. ...................
4 ...................

10.00

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

87.00

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

21.40
22.00

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

7
4

10
14

19
14

Net budget authority and outlays:
Budget authority ............................................................
4 ................... ...................
Outlays ........................................................................... ...................
4 ...................

23.90
23.95

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

11
¥1

24
¥5

33
¥5

24.40

Unobligated balance carried forward, end of year

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

Change in obligated balances:
Obligated balance, start of year ................................... ................... ...................
Total new obligations ....................................................
1
5
Total outlays (gross) ......................................................
¥1
¥14

¥9
5
¥14

¥9

¥18

89.00
90.00

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

INTERSTATE LAND SALES
Special and Trust Fund Receipts (in millions of dollars)
2005 actual

Identification code 86–5270–0–2–376

01.00

2006 est.

2007 est.

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

01.99

Balance, start of year .................................................... ................... ................... ...................
Receipts:
02.60 Interstate land sales fund .............................................
1
1 ...................
Appropriations:
05.00 Interstate land sales .....................................................
¥1
¥1 ...................

cprice-sewell on PROD1PC66 with BUDGET PAG

07.99

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

Program and Financing (in millions of dollars)
2005 actual

Identification code 86–5270–0–2–376

2006 est.

2007 est.

00.01

Obligations by program activity:
Transfer to salaries and expenses ................................

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

10.00

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

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

22.00

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

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

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Fmt 3616

72.40
73.10
73.20
74.40

86.97
86.98

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

Outlays (gross), detail:
Outlays from new mandatory authority ......................... ...................
14
14
Outlays from mandatory balances ................................
1 ................... ...................

87.00

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

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

¥4

¥14

89.00
90.00

The Housing and Urban Development Act of 1968 authorized the Secretary to establish a revolving fund into which
Sfmt 3616

E:\BUDGET\HUD.XXX

HUD

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

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.
Object Classification (in millions of dollars)
2005 actual

Identification code 86–4041–0–3–604

25.2
25.2
99.9

2006 est.

2007 est.

Direct obligations: Other services .................................
1 ................... ...................
Reimbursable obligations: Other services ..................... ...................
5
5
Total new obligations ................................................

89.00
90.00

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

2005 actual

Identification code 86–4044–0–3–604

1290

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

699

2004 actual

øFrom the Rental Housing Assistance Fund, all uncommitted balances of excess rental charges as of September 30, 2005, and any
collections made during fiscal year 2006 and all subsequent fiscal
years, shall be transferred to the Flexible Subsidy Fund, as authorized by section 236(g) of the National Housing Act, as amended.¿
(Department of Housing and Urban Development Appropriations Act,
2006.)

695

2005 actual

2006 est.

2007 est.

24
20

707
87

707
87
–591

203

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

247

–308
552

1999

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

4
20

–591

42
¥39

2005 actual

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

1699

Program and Financing (in millions of dollars)

2999

23.90

Total budgetary resources available for obligation

3999

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

244

24.40

Unobligated balance carried forward, end of year

4999

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

247

New budget authority (gross), detail:
Discretionary:
40.36
Unobligated balance permanently reduced ..............
Discretionary:
68.00
Spending authority from offsetting collections: Offsetting collections (cash) .....................................

NEHEMIAH HOUSING OPPORTUNITY FUND

¥68 ................... ...................

Program and Financing (in millions of dollars)
29

¥39

2005 actual

Identification code 86–4071–0–3–604

70.00

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

Change in obligated balances:
72.40 Obligated balance, start of year ...................................
2
1
¥19
73.20 Total outlays (gross) ...................................................... ...................
¥20
¥20
73.45 Recoveries of prior year obligations ..............................
¥1 ................... ...................
74.40
cprice-sewell on PROD1PC66 with BUDGET PAG

703

Balance Sheet (in millions of dollars)

OF FUNDS)¿

2007 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.

Identification code 86–4044–0–3–604

21.40
22.00
22.10

2006 est.

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year .............................................
707
703
699
1251 Repayments: Repayments and prepayments .................
¥4
¥4
¥4
1264 Write-offs for default: Writeoff for default: Other adjustments, net ........................................................... ................... ................... ...................

FLEXIBLE SUBSIDY FUND

Identification code 86–4044–0–3–604

¥68 ................... ...................
¥29 ................... ...................

Status of Direct Loans (in millions of dollars)

ø(TRANSFER

555

86.90

¥19

¥39

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

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

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.00
Federal sources ..................................................... ...................
¥12
¥12
88.20
Interest on Federal securities ...............................
¥1 ................... ...................
88.40
Non-Federal sources .............................................
¥28
¥8
¥8
88.90

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

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¥20

Frm 00027

Fmt 3616

2006 est.

2007 est.

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

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

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

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

21.40
22.00

72.40
73.20

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

9
2

11
¥2

9
¥2

74.40

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

86.90
86.93

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

87.00
Sfmt 3643

Total outlays (gross) .................................................
E:\BUDGET\HUD.XXX

HUD

¥2

556

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007

Public enterprise funds—Continued

43.00

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

72.40
73.10
73.20
73.40

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

74.40

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

86.90
86.93
86.98

372
33
2,394

346
346
68
68
3,404 ...................

87.00

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

2,799

3,818

414

89.00
90.00

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

431
2,799

414
3,818

414
414

NEHEMIAH HOUSING OPPORTUNITY FUND—Continued
Program and Financing (in millions of dollars)—Continued
2005 actual

Identification code 86–4071–0–3–604

89.00
90.00

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

2006 est.

2007 est.

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

The Nehemiah grants program was authorized by the Housing and Community Development Act of 1987 to provide loans
to eligible families to assist in the purchase of new or substantially rehabilitated units. This schedule reflects the liquidation of remaining reserved and obligated balances.
f

431

414

81
94
94
2,820
3,818
414
¥2,799
¥3,818
¥414
¥8 ................... ...................
94

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

FEDERAL HOUSING ADMINISTRATION
MUTUAL MORTGAGE INSURANCE PROGRAM ACCOUNT

During fiscal year ø2006¿ 2007, commitments to guarantee loans
to carry out the purposes of section 203(b) of the National Housing
Act, as amended, shall not exceed a loan principal of
$185,000,000,000.
During fiscal year ø2006¿ 2007, obligations to make direct loans
to carry out the purposes of section 204(g) of the National Housing
Act, as amended, shall not exceed $50,000,000: Provided, That the
foregoing amount shall be for loans to nonprofit and governmental
entities in connection with sales of single family real properties
owned by the Secretary and formerly insured under the Mutual Mortgage Insurance Fund.
For administrative expenses necessary to carry out the guaranteed
and direct loan program, ø$355,000,000¿ $351,450,000, of which not
to exceed ø$351,000,000¿ $347,490,000 shall be transferred to the
appropriation for ‘‘Salaries and expenses’’; and not to exceed
ø$4,000,000¿ $3,960,000 shall be transferred to the appropriation
for ‘‘Office of Inspector General’’. In addition, for administrative contract expenses, ø$62,600,000¿ $62,400,000, of which ø$18,281,000¿
$23,562,000 shall be transferred to the Working Capital Fund, and
of which up to $10,000,000 shall be for education and outreach of
FHA single family loan products: Provided, That to the extent guaranteed loan commitments exceed $65,500,000,000 on or before April
1, ø2006¿ 2007, 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. (Department of Housing and Urban Development
Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0183–0–1–371

2006 est.

2007 est.

Obligations by program activity:
Reestimates of loan guarantee subsidy—upward reestimate .....................................................................
00.08 Interest on reestimates of loan guarantee subsidy
00.09 Administrative expenses, salaries & expenses transfer
00.12 Non-overhead administrative expenses for FHA contracts .........................................................................

2,003
391
354
72

10.00

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

2,820

3,818

414

22.00
22.22

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

431
2,394

414
414
3,404 ...................

23.90
23.95
23.98

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

cprice-sewell on PROD1PC66 with BUDGET PAG

00.07

2,881 ...................
523 ...................
352
352

2,825
3,818
414
¥2,820
¥3,818
¥414
¥5 ................... ...................

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
435
418
414
40.33
Appropriation permanently reduced (P.L. 109–148) ...................
¥4 ...................
40.35
Appropriation permanently reduced ..........................
¥4 ................... ...................
VerDate Aug 31 2005

12:00 Jan 26, 2006

Jkt 206762

PO 00000

2005 actual

Identification code 86–0183–0–1–371

(INCLUDING TRANSFERS OF FUNDS)

Frm 00028

Fmt 3616

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

2006 est.

2007 est.

115901 Total direct loan levels ..................................................
5
50
50
Direct loan subsidy (in percent):
132001 MMI Fund, Direct loans .................................................
0.00
0.00
0.00
Direct loan subsidy budget authority:
133001 MMI Fund, Direct loans ................................................. ................... ................... ...................
133901 Total subsidy budget authority ...................................... ................... ................... ...................
Direct loan subsidy outlays:
134001 MMI Fund, Direct loans ................................................. ................... ................... ...................
134901 Total subsidy outlays ..................................................... ................... ................... ...................
Guaranteed loan levels supportable by subsidy budget
authority:
215001 MMI Fund, Section 203(b) ............................................. ...................
48,594
45,541
215002 MMI Fund, Section 203(b) (Oct—Dec 2004) ................
17,935 ................... ...................
215003 MMI Section 203(b) (Jan—Sept 2005) .........................
40,082 ................... ...................
215004 MMI HECM ...................................................................... ................... ................... ...................
215005 Standby commitment authority ..................................... ...................
136,406
139,459
215901 Total loan guarantee levels ...........................................
Guaranteed loan subsidy (in percent):
232001 MMI Fund, Section 203(b) subsidy rate ........................
232002 MMI Fund, Section 203(b) subsidy rate for Oct thru
Dec 2004 ...................................................................
232003 MMI Fund, Section 203(b) subsidy rate for Jan thru
Sept 2005 ..................................................................
232004 MMI HECM—subsidy rate .............................................

58,017

185,000

0.00

¥1.70

¥0.37

¥1.71

0.00

¥1.84
0.00

0.00
0.00

232901 Weighted average subsidy rate .....................................
¥1.80
¥1.70
¥0.37
Guaranteed loan subsidy budget authority:
233001 MMI Fund, Section 203(b) ............................................. ...................
¥826
¥169
233002 MMI Fund, Section 203(b) (Oct—Dec 2004) ................
¥307 ................... ...................
233003 MMI Fund, Section 203(b) (Jan—Sept 2005) ...............
¥737 ................... ...................
233004 MMI HECM—subsidy ..................................................... ................... ................... ...................
233005 Loan modification—savings ......................................... ...................
¥13
¥13
233901 Total subsidy budget authority ......................................
¥1,044
¥839
¥182
Guaranteed loan subsidy outlays:
234001 MMI Fund, Section 203(b) ............................................. ...................
¥826
¥169
234002 MMI Fund, Section 203(b) (Oct—Dec 2004) ................
¥307 ................... ...................
234003 MMI Fund, Section 203(b) (Jan—Sept 2005) ...............
¥737 ................... ...................
234004 MMI HECM—subsidy outlay .......................................... ................... ................... ...................
234005 Loan modification—savings ......................................... ...................
¥13
¥13
234901 Total subsidy outlays .....................................................
Guaranteed loan upward reestimate subsidy budget authority:
235001 MMI Fund, Section 203(b) .............................................

¥1,044

2,394

3,404 ...................

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

2,394

3,404 ...................

¥56

¥103 ...................

237901 Total downward reestimate subsidy budget authority

¥56

¥103 ...................

Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

¥839

¥182

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Administrative expense data:
351001 Budget authority ............................................................
358001 Outlays from balances ...................................................
359001 Outlays from new authority ...........................................

2,820
33
2,766

3,818
68
3,750

414
68
346

The Federal Housing Administration (FHA) provides mortgage insurance to encourage lenders to make credit available
to expand homeownership and to predominantly serve borrowers that the conventional market does not adequately provide for, including: first-time homebuyers; minorities; lowerincome families; and, residents of underserved areas (central
cities and rural areas).
As required by the Federal Credit Reform Act of 1990,
this account records administrative expenses for this program,
as well as the subsidy costs, if any, associated with the loan
guarantees committed in 1992 and thereafter. The subsidy
amounts are estimated on a present value basis; the administrative expenses are estimated on a cash basis.
In 2007, FHA is requesting an aggregate limitation of $185
billion on loan guarantees and is proposing legislative changes
to reform FHA, including the consolidation of all single family
programs under this account.
Object Classification (in millions of dollars)
2005 actual

Identification code 86–0183–0–1–371

25.2
25.3

2006 est.

557

358001 Outlays from balances ................................................... ................... ................... ...................
359001 Outlays from new authority ........................................... ................... ................... ...................
f

FHA—MUTUAL MORTGAGE INSURANCE DIRECT LOAN FINANCING
ACCOUNT
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–4242–0–3–371

00.01
00.02
00.03

Obligations by program activity:
Direct loans ....................................................................
5
Interest paid to Treasury ............................................... ...................
Claims & other .............................................................. ...................

10.00

21.40
22.00
22.60

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

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
3
New financing authority (gross) ....................................
7
Portion applied to repay debt ........................................ ...................

23.90
23.95

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

24.40

Unobligated balance carried forward, end of year

10
¥5

2006 est.

2007 est.

50
2
4

5 ...................
105
105
¥54
¥49
56
¥56

56
¥56

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

2007 est.

41.0
43.0

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

369
2,003
391

352
352
2,881 ...................
523 ...................

99.9

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

2,820

3,818

414

New financing authority (gross), detail:
Mandatory:
67.10
Authority to borrow ....................................................
3
50
50
Spending authority from offsetting collections:
Discretionary:
68.00
Offsetting collections (cash) ................................
4 ................... ...................
Mandatory:
69.00
Offsetting collections (cash) ................................ ...................
55
55

70.00

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

105

5
¥5
5

56
¥56
56

¥1
¥50
¥4

¥4

¥55

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

50
1

MUTUAL MORTGAGE INSURANCE PROGRAM ACCOUNT
(Legislative proposal, not subject to PAYGO)
Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
2005 actual

Identification code 86–0183–2–1–371

Guaranteed loan levels supportable by subsidy budget
authority:
215001 MMI Fund, Section Purchase and Refinance ................
215002 MMI Fund, Section 203(b) (Oct—Dec 2004) ................
215003 MMI Section 203(b) (Jan—Sept 2005) .........................
215004 MMI HECM ......................................................................
215005 Standby commitment authority .....................................
215901 Total loan guarantee levels ...........................................
Guaranteed loan subsidy (in percent):
232001 MMI Purchase and Refinance—subsidy rate ...............
232002 MMI Fund, Section 203(b) subsidy rate for Oct thru
Dec 2004 ...................................................................
232003 MMI Fund, Section 203(b) subsidy rate for Jan thru
Sept 2005 ..................................................................
232004 MMI HECM—subsidy rate .............................................
232005 Subsidy rate ...................................................................

cprice-sewell on PROD1PC66 with BUDGET PAG

232901 Weighted average subsidy rate .....................................
Guaranteed loan subsidy budget authority:
233001 MMI Purchase and Refinance—subsidy .......................
233002 MMI Fund, Section 203(b) (Oct—Dec 2004) ................
233003 MMI Fund, Section 203(b) (Jan—Sept 2005) ...............
233004 MMI HECM—subsidy .....................................................
233005 Loan modification—savings .........................................
233901 Total subsidy budget authority ......................................
Guaranteed loan subsidy outlays:
234001 MMI Purchase and Refinance—subsidy outlay ............
234002 MMI Fund, Section 203(b) (Oct—Dec 2004) ................
234003 MMI Fund, Section 203(b) (Jan—Sept 2005) ...............
234004 MMI HECM—subsidy outlay ..........................................
234005 Loan modification—savings .........................................

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

2006 est.

2007 est.

...................
22,990
................... ...................
................... ...................
...................
17,508
...................
¥40,498

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

¥0.53

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

0.00

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

0.00
¥1.21
0.00

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

¥0.59

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

...................
¥451
................... ...................
................... ...................
...................
¥212
................... ...................

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

¥663

...................
¥451
................... ...................
................... ...................
...................
¥212
................... ...................
¥663

Administrative expense data:
351001 Budget authority ............................................................ ................... ................... ...................
12:00 Jan 26, 2006

Jkt 206762

Change
Total
Total
Total

88.90

in obligated balances:
new obligations ....................................................
financing disbursements (gross) .........................
financing disbursements (gross) .........................

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

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

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

VerDate Aug 31 2005

73.10
73.20
87.00

PO 00000

Frm 00029

Fmt 3616

89.00
90.00

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 2007 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.
Sfmt 3616

E:\BUDGET\HUD.XXX

HUD

558

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007

Credit accounts—Continued
FHA—MUTUAL MORTGAGE INSURANCE DIRECT LOAN FINANCING
ACCOUNT—Continued

69.00
69.00
69.10

Status of Direct Loans (in millions of dollars)
2005 actual

Identification code 86–4242–0–3–371

Position with respect to appropriations act limitation
on obligations:
1111 Limitation on direct loans .............................................
1142 Unobligated direct loan limitation (¥) ........................
1150

1210
1231
1251
1290

2006 est.

69.90

2007 est.

Cumulative balance of direct loans outstanding:
Outstanding, start of year ............................................. ...................
Disbursements: Direct loan disbursements ...................
5
Repayments: Repayments and prepayments .................
¥4

1
50
¥50

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

Balance Sheet (in millions of dollars)
2004 actual

Identification code 86–4242–0–3–371

ASSETS:
Federal assets: Fund balances with Treasury ..............
Net value of assets related to post–
1991 direct loans receivable:
1401
Direct loans receivable, gross .................................
1405
Allowance for subsidy cost (–) ...............................
1101

2005 actual

........................
–3

1
–3

–3

–2

Total assets ...............................................................
LIABILITIES:
2103 Federal liabilities: Federal Liabilities—Debt .................

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

2999

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

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

4999

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

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

1499

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

1999

FHA—MUTUAL MORTGAGE INSURANCE GUARANTEED LOAN
FINANCING ACCOUNT
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–4587–0–3–371

00.01
00.02
00.08
00.91
08.01
08.02

cprice-sewell on PROD1PC66 with BUDGET PAG

08.04
08.05

Obligations by program activity:
Loan guarantee default claim payments ......................
Other capital investment & operating expenses ...........
Interest payments to Treasury .......................................

2006 est.

2007 est.

6,641
592
373

6,397
639
329

6,563
561
288

Subtotal, capital/operating expenses ........................
7,606
Payment of negative subsidy to capital reserve for
new business .............................................................
1,044
Reestimate of loan guarantee subsidy (downward reestimates) ..................................................................
24
Interest on reestimates of loan guarantee subsidy
33
Loan modification payment to capital reserve account
86–0236 .................................................................... ...................

7,365

7,412

826

169

39 ...................
64 ...................
13

Direct Program by Activities—Subtotal (1 level)

1,101

942

182

10.00

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

8,707

8,307

7,594

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

37 ................... ...................
¥1,000
¥2,000
¥1,000

23.90
23.95

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

12,096
¥8,707

14,228
¥8,307

13,089
¥7,594

24.40

Unobligated balance carried forward, end of year

3,389

5,921

5,495

3,389
12,839

VerDate Aug 31 2005

12:00 Jan 26, 2006

Jkt 206762

400
PO 00000

¥131 ................... ...................
9,201

11,839

7,168

70.00

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

9,601

12,839

8,168

72.40
73.10
73.20
73.45
74.00

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

74.40
87.00

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

840
1,080
1,246
8,707
8,307
7,594
¥8,561
¥8,141
¥7,441
¥37 ................... ...................
131 ................... ...................
1,080
8,561

1,246
8,141

1,399
7,441

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

¥2,394
¥3,404 ...................
¥131 ................... ...................
¥264
¥179
¥191
¥1,888
¥2,028
¥2,066
¥4,655
¥6,228
¥4,911

88.90

¥9,332

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

¥11,839

¥7,168

131 ................... ...................

400
¥771

1,000
¥3,698

1,000
273

Status of Guaranteed Loans (in millions of dollars)
Identification code 86–4587–0–3–371

2005 actual

2006 est.

2007 est.

185,000
¥126,983

185,000
¥136,406

185,000
¥139,459

58,017
58,017

48,594
48,594

45,541
45,541

364,285
58,017
¥95,742

319,846
48,594
¥40,185

321,858
45,541
¥39,755

¥808

¥189

¥57

¥5,682

¥6,135

¥6,430

2150
2199

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

Cumulative balance of guaranteed loans outstanding:
Outstanding, start of year .............................................
Disbursements of new guaranteed loans ......................
Repayments and prepayments ......................................
Adjustments:
2261
Terminations for default that result in loans receivable .......................................................................
2262
Terminations for default that result in acquisition
of property .............................................................
2263
Terminations for default that result in claim payments ....................................................................
2210
2231
2251

¥224

¥73

¥77

2290

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

319,846

321,858

321,080

2299

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

319,846

321,858

321,080

5,921
8,168

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 ...............................
2364
Other adjustments, net .............................................
2390

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

3,404 ...................
8,435
7,168

08.91

3,458
9,601

2,394
6,938

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

50
50
50
¥45 ................... ...................

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

Spending authority from offsetting collections:
Mandatory:
Offsetting collections ............................................
Offsetting collections (cash) ................................
Change in uncollected customer payments from
Federal sources (unexpired) .............................

1,000

Frm 00030

Fmt 3616

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

410
343 ...................
808
189
57
¥646 ................... ...................
¥229
¥532
¥57
343 ................... ...................

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.
Balance Sheet (in millions of dollars)
2004 actual1

Identification code 86–4587–0–3–371

ASSETS:
Federal assets:
1101
Fund balances with Treasury ..................................
Investments in US securities:
1106
Receivables, net .................................................
Non-Federal assets:
1201
Investments in non-Federal securities, net ............
1206
Receivables, net ........................................................
Net value of assets related to post–
1991 acquired defaulted guaranteed loans receivable:
1501
Defaulted guaranteed loans receivable, gross .......
1502
Interest receivable .....................................................
1504
Foreclosed property ...................................................
1505
Allowance for subsidy cost ......................................
1599

2005 actual

4,298

4,469

2,362

2,292

116
308

192
290

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

343
1
2,405
–1,441

1,514
485

1,308
363

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

9,083

8,914

54
6,835

103
6,235

610
1,316
268

671
1,803
102

2999

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

9,083

8,914

4999

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

9,083

8,914

1901
1999

FHA—MUTUAL MORTGAGE INSURANCE GUARANTEED LOAN
FINANCING ACCOUNT
(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–4587–2–3–371

00.01
00.02
00.08

cprice-sewell on PROD1PC66 with BUDGET PAG

00.91
08.01
08.06
08.07

2006 est.

Obligations by program activity:
Loan guarantee default claim payments ...................... ................... ...................
Other capital investment & operating expenses ........... ................... ...................
Interest payments to Treasury ....................................... ................... ...................
Subtotal, capital/operating expenses ........................
Payment of negative subsidy for new business ...........
HECM Negative Subsidy to MMI Receipt Acct ...............
MMI Purchase and Refinance Neg. Subsidy to MMI
Receipt Acct ..............................................................

2007 est.

................... ...................
63
................... ................... ...................
................... ...................
212
................... ...................

451

Direct Program by Activities—Subtotal (1 level) ................... ...................

663

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

726

22.00
23.95

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

828
¥726

24.40

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

102

New financing authority (gross), detail:
Mandatory:
69.00
Spending authority from offsetting collections
(gross): Offsetting collections .............................. ................... ...................
Change in obligated balances:
73.10 Total new obligations .................................................... ................... ...................
73.20 Total financing disbursements (gross) ......................... ................... ...................
Obligated balance, end of year ................................ ................... ...................
Total financing disbursements (gross) ......................... ................... ...................

12:00 Jan 26, 2006

Jkt 206762

88.90

¥828

89.00
90.00

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

Status of Guaranteed Loans (in millions of dollars)
2005 actual

PO 00000

Frm 00031

828

40,498
40,498
40,498

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

................... ................... ...................
................... ...................
40,498
................... ...................
¥934

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

¥32

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

2290

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

39,532

2299

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

39,532

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

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

FHA—MUTUAL MORTGAGE INSURANCE CAPITAL RESERVE ACCOUNT
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0236–0–1–371

2006 est.

2007 est.

21.40
22.00
22.21

23,519
2,181
¥2,438

23.90

Total budgetary resources available for obligation

23,262

21,864

23,115

24.40

Unobligated balance carried forward, end of year

23,262

21,864

23,115

1,124
1,044

1,167
839

1,069
182

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

Fmt 3616

2007 est.

2150
2199

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

726
¥579
147
579

2006 est.

Position with respect to appropriations act limitation
on commitments:
2142 Uncommitted loan guarantee limitation ....................... ................... ...................

2390

10.00

VerDate Aug 31 2005

¥25
¥791
¥12

32
2
29

08.91

74.40
87.00

Identification code 86–4587–2–3–371

410
2
2,095
–993

559

72.40
74.00

Change in obligated balances:
Obligated balance, start of year ...................................
Change in uncollected customer payments from Federal sources (unexpired) ............................................

Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

23,262
21,864
2,006
1,251
¥3,404 ...................

13 ................... ...................
2,181

2,006

1,251

¥248

¥261

¥13 ................... ...................

560

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007

Credit accounts—Continued

FHA—MUTUAL MORTGAGE INSURANCE CAPITAL RESERVE ACCOUNT
Program and Financing (in millions of dollars)

FHA—MUTUAL MORTGAGE INSURANCE CAPITAL RESERVE
ACCOUNT—Continued

2005 actual

Identification code 86–0236–2–1–371

2006 est.

2007 est.

Program and Financing (in millions of dollars)—Continued
2005 actual

Identification code 86–0236–0–1–371

74.40

¥261

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

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.00
Federal sources—negative subsidy from new
business ...........................................................
¥1,044
88.00
Federal sources—downward reestimates ............
¥56
88.00
Federal sources—loan modification .................... ...................
88.20
Interest on Federal securities ...............................
¥1,068
88.90
88.95

89.00
90.00

2006 est.

¥2,168

Total, offsetting collections (cash) ..................
Against gross budget authority only:
Change in uncollected customer payments from
Federal sources (unexpired) ..................................

¥261

2007 est.

¥261

¥826
¥169
¥103 ...................
¥13
¥13
¥1,064
¥1,069
¥2,006

¥1,251

¥13 ................... ...................

22.00

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

¥1,251

24.40

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

¥1,251

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

¥1,069
¥182

69.90

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

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.00
Federal sources—negative subsidy from new
business ...........................................................
88.00
Federal sources—downward reestimates ............
88.00
Federal sources—loan modification ....................
88.20
Interest on Federal securities ...............................
88.90

Memorandum (non-add) entries:
Total investments, start of year: Federal securities:
Par value ...................................................................
92.02 Total investments, end of year: Federal securities:
Net .............................................................................
92.01

23,321

22,642

23,107

22,642

23,107

22,869

89.00
90.00

92.02

Summary of Budget Authority and Outlays

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

¥1,251

...................
169
................... ...................
...................
13
...................
1,069

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

1,251

Net budget authority and outlays:
Budget authority ............................................................ ................... ................... ...................
Outlays ........................................................................... ................... ...................
1,251
Memorandum (non-add) entries:
Total investments, end of year: Federal securities:
Par value ................................................................... ................... ...................

238

(in millions of dollars)

Enacted/requested:
2005 actual
2006 est.
2007 est.
Budget Authority ..................................................................... .................... .................... ....................
Outlays ....................................................................................
–2,168
–2,006
–1,251
Legislative proposal, not subject to PAYGO:
Budget Authority ..................................................................... .................... .................... ....................
Outlays .................................................................................... .................... ....................
1,251
Total:
Budget Authority ..................................................................... .................... .................... ....................
Outlays ....................................................................................
–2,168
–2,006 ....................

In 2002, a new Capital Reserve account was established
for the Mutual Mortgage Insurance Fund. Financial reserves,
including securities, of the MMI Fund were transferred from
the liquidating account to the new Capital Reserve account.
In 2003, this new account started earning interest on Treasury investments, collecting negative subsidy and downward
reestimates from the Financing account, and paying upward
reestimates. The Liquidating account will now only reflect
cashflows related to pre-1992 books of business.

FHA—MUTUAL MORTGAGE AND COOPERATIVE HOUSING INSURANCE
FUNDS LIQUIDATING ACCOUNT
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–4070–0–3–371

2006 est.

2007 est.

01.03
01.07
01.08

Obligations by program activity:
Acquisition of real properties ........................................
Capitalized expenses .....................................................
Loss mitigation activities ..............................................

42
40
5

66
15
3

43
9
2

01.91
02.02

Total capital investment ...........................................
Other Operation expenses ..............................................

87
14

84
11

54
11

10.00

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

101

12
81

38
86

29
50

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

2 ................... ...................
44 ................... ...................

Balance Sheet (in millions of dollars)
2004 actual

cprice-sewell on PROD1PC66 with BUDGET PAG

Identification code 86–0236–0–1–371

2005 actual

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

301

728

23,178
302

22,481
362

1999

23,781

23,571

2,362

2,292

Total assets ...............................................................
LIABILITIES:
2101 Federal liabilities: Accounts payable .............................
2999

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

2,362

2,292

21,419

21,279

3999

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

21,419

21,279

4999

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

23,781

23,571

VerDate Aug 31 2005

12:00 Jan 26, 2006

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Frm 00032

Fmt 3616

23.90
23.95

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

139
¥101

124
¥95

79
¥65

24.40

Unobligated balance carried forward, end of year

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

72.40
73.10
73.20
73.45

74.40

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

266

86.97

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

Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

276
266
266
101
95
65
¥109
¥95
¥65
¥2 ................... ...................

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
86.98

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

87.00

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

109

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.40
Fees and premiums ..............................................
88.40
Recoveries on defaulted mortgages .....................
88.40
Other .....................................................................

¥4
¥10
¥7
¥74
¥76
¥43
¥3 ................... ...................

88.90

¥81

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

¥86

¥50

561

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).
PROGRAM HIGHLIGHTS

(in millions of dollars)

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

2005 actual

2006 est.

2007 est.

491,550
$58,017

384,153
$48,594

564,202
$86,039

$319,846

$321,858

$360,612

Status of Direct Loans (in millions of dollars)
2005 actual

Identification code 86–4070–0–3–371

2006 est.

Insurance maintenance: Outstanding balance of insurance in force, end of year:
Mortgage insurance (in millions of dollars) .............

2007 est.

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year .............................................
1264 Write-offs for default: Other adjustments, net .............

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

1290

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

Status of Guaranteed Loans (in millions of dollars)
2005 actual

Identification code 86–4070–0–3–371

Cumulative balance of guaranteed loans outstanding:
2210 Outstanding, start of year .............................................
2251 Repayments and prepayments ......................................
2262 Adjustments: Terminations for default that result in
acquisition of property ..............................................
2290

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

2299

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

2006 est.

cprice-sewell on PROD1PC66 with BUDGET PAG

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

12:00 Jan 26, 2006

Jkt 206762

2004 actual1

Identification code 86–4070–0–3–371

19,392
¥3,275

16,074
¥2,593

13,415
¥2,245

¥43

¥66

¥43

16,074

13,415

11,127

16,074

13,415

11,127

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

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
VerDate Aug 31 2005

Balance Sheet (in millions of dollars)

2007 est.

Addendum:
Cumulative balance of defaulted guaranteed loans
that result in loans receivable:
2310
Outstanding, start of year ........................................ ...................
8 ...................
2331
Disbursements for guaranteed loan claims .............
3
2
1
2361
Write-offs of loans receivable ................................... ...................
¥10
¥1
2364
Other adjustments, net .............................................
5 ................... ...................
2390

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

PO 00000

Frm 00033

Fmt 3616

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:
1701
Defaulted guaranteed loans, gross .........................
1703
Allowance for estimated uncollectible loans and
interest (–) ...........................................................

2005 actual

288
26

304
24

–2

–3

1706

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

7
13

5
16

1799
1901

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

20
2

21
4

Total assets ...............................................................
LIABILITIES:
Non-Federal liabilities:
2201
Accounts payable ......................................................
2204
Liabilities for loan guarantees ................................
2207
Unearned revenue and advances, and other ........

336

353

236
85
150

227
53
113

2999

1704

1999

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

471

393

–135

–40

3999

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

–135

–40

4999

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

336

353

1 Estimated

result on GAAP basis pending final audit.

Object Classification (in millions of dollars)
2005 actual

Identification code 86–4070–0–3–371

2006 est.

2007 est.

25.2
32.0
42.0

14
82
5

10
82
3

11
52
2

99.9

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

101

GENERAL

AND

SPECIAL RISK PROGRAM ACCOUNT

(INCLUDING TRANSFERS OF FUNDS)

For the cost of guaranteed loans, as authorized by sections 238
and 519 of the National Housing Act (12 U.S.C. 1715z–3 and 1735c),
including the cost of loan guarantee modifications, as that term is
defined in section 502 of the Congressional Budget Act of 1974, as
amended, ø$8,800,000¿ $8,600,000, to remain available until exSfmt 3616

E:\BUDGET\HUD.XXX

HUD

562

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007

Credit accounts—Continued
GENERAL

AND

SPECIAL RISK PROGRAM ACCOUNT—Continued

(INCLUDING TRANSFERS OF FUNDS)—Continued

pended: Provided, That commitments to guarantee loans shall not
exceed $35,000,000,000 in total loan principal, any part of which
is to be guaranteed.
Gross obligations for the principal amount of direct loans, as authorized by sections 204(g), 207(l), 238, and 519(a) of the National
Housing Act, shall not exceed $50,000,000, of which not to exceed
$30,000,000 shall be for bridge financing in connection with the sale
of multifamily real properties owned by the Secretary and formerly
insured under such Act; and of which not to exceed $20,000,000
shall be for loans to nonprofit and governmental entities in connection
with the sale of single-family real properties owned by the Secretary
and formerly insured under such Act.
In addition, for administrative expenses necessary to carry out
the guaranteed and direct loan programs, ø$231,400,000¿
$229,086,000, of which ø$211,400,000¿ $209,286,000 shall be transferred to the appropriation for ‘‘Salaries and Expenses’’; and of which
ø$20,000,000¿ $19,800,000 shall be transferred to the appropriation
for ‘‘Office of Inspector General’’.
In addition, for administrative contract expenses necessary to carry
out the guaranteed and direct loan programs, ø$71,900,000¿
$78,111,000, of which $10,692,000 shall be transferred to the Working
Capital Fund: Provided, That to the extent guaranteed loan commitments exceed $8,426,000,000 on or before April 1, ø2006¿ 2007, 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. (Department of Housing and Urban
Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0200–0–1–371

2006 est.

2007 est.

00.02
00.04
00.07
00.08
00.09
00.10

Obligations by program activity:
Guaranteed loan subsidy ...............................................
Subsidy for loan modification .......................................
Reestimate of credit subsidy .........................................
Interest on reestimates of loan guarantee subsidy
Administrative expenses, salaries & expenses transfer
Administrative contract expenses ..................................

10.00

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

1,076

783

314

21.40
22.00

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

77
1,058

52
787

56
316

23.90
23.95
23.98

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

24.40

Unobligated balance carried forward, end of year

4
5
7
2 ................... ...................
634
441 ...................
133
37 ...................
226
229
229
77
71
78

1,135
839
372
¥1,076
¥783
¥314
¥7 ................... ...................
52

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
324
312
316
40.33
Appropriation permanently reduced (P.L. 109–148) ...................
¥3 ...................
40.35
Appropriation permanently reduced (accross-the
board rescission) ..................................................
¥30 ................... ...................
40.36
Unobligated balance permanently reduced (rescission) ......................................................................
¥3 ................... ...................

cprice-sewell on PROD1PC66 with BUDGET PAG

43.00

291

309

60.00

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

767

478 ...................

70.00

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

1,058

72.40
73.10
73.20
73.40

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

74.40

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

86.90

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

248

292

299

Frm 00034

Fmt 3616

VerDate Aug 31 2005

12:00 Jan 26, 2006

Jkt 206762

787

316

91
99
93
1,076
783
314
¥1,061
¥789
¥316
¥7 ................... ...................

PO 00000

86.93
86.97

Outlays from discretionary balances .............................
Outlays from new mandatory authority .........................

46
767

19
17
478 ...................

87.00

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

1,061

789

316

89.00
90.00

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

1,058
1,061

787
789

316
316

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
2005 actual

Identification code 86–0200–0–1–371

2006 est.

2007 est.

Direct loan levels supportable by subsidy budget authority:
115001 Single-family PMMs ....................................................... ................... ................... ...................
115002 Multifamily bridge loans ................................................ ................... ................... ...................
115901 Total direct loan levels .................................................. ................... ................... ...................
Direct loan subsidy (in percent):
132001 Single-family PMMs .......................................................
0.00
0.00
0.00
132002 Multifamily bridge loans ................................................
0.00
0.00
0.00
132901 Weighted average subsidy rate .....................................
0.00
0.00
0.00
Direct loan subsidy budget authority:
133001 Single-family PMMs ....................................................... ................... ................... ...................
133002 Multifamily bridge loans ................................................ ................... ................... ...................
133901 Total subsidy budget authority ...................................... ................... ................... ...................
Direct loan subsidy outlays:
134001 Single-family PMMs ....................................................... ................... ................... ...................
134002 Multifamily bridge loans ................................................ ................... ................... ...................
134901 Total subsidy outlays ..................................................... ................... ................... ...................
Guaranteed loan levels supportable by subsidy budget
authority:
215001 Apartments NC/SC .........................................................
1,249
1,800
1,800
215002 221d3 NP/Coop owned apts ..........................................
3
30
52
215003 Tax Credits NC ...............................................................
853
850
1,300
215004 Mixed Income (Hope d4) ................................................ ................... ................... ...................
215005 Apartments Refinance ...................................................
1,869
1,800
1,800
215006 241a Supplemental Loans for Apts ............................... ...................
10
10
215007 Operating Loss Loans for Apts (plus 232) ....................
1
1
1
215008 HFA Risk Sharing ...........................................................
166
150
200
215009 GSE Risk Sharing ...........................................................
20
20
35
215010 FHA Full Insurance for Health Care Facilities (plus
241/232) ....................................................................
192
190
190
215011 Health Care Refinances .................................................
1,032
1,000
1,000
215012 Hospitals ........................................................................
784
750
750
215013 Other Rental (incl 207(mhp),220,231) ..........................
55
55
55
215014 Section 234: Condominiums ..........................................
12,879
3,821
3,842
215015 Section 203(k): Rehabilitation Mortgages .....................
431
419
421
215016 Home Equity Conversion Mortgages .............................. ...................
6,092
13,717
215017 Title 1 Property Improvement ........................................
51
73
73
215018 Title 1 Manufactured Housing .......................................
67
104
104
215901 Total loan guarantee levels ...........................................
Guaranteed loan subsidy (in percent):
232001 Apartments NC/SC .........................................................
232002 221d3 NP/Coop owned apts ..........................................
232003 Tax Credits NC ...............................................................
232004 Mixed Income (Hope d4) ................................................
232005 Apartments Refinance ...................................................
232006 241a Supplemental Loans for Apts ...............................
232007 Operating Loss Loans for Apts (plus 232) ....................
232008 HFA Risk Sharing ...........................................................
232009 GSE Risk Sharing ...........................................................
232010 FHA Full Insurance for Health Care Facilities (plus
241/232) ....................................................................
232011 Health Care Refinances .................................................
232012 Hospitals ........................................................................
232013 Other Rental (incl 207(mhp),220,231) ..........................
232014 Section 234: Condominiums ..........................................
232015 Section 203(k): Rehabilitation Mortgages .....................
232016 Home Equity Conversion Mortgages ..............................
232017 Title 1 Property Improvement ........................................
232018 Title 1 Manufactured Housing .......................................

19,652

17,165

25,350

¥0.03
10.58
¥4.45
0.00
¥2.46
6.22
16.45
¥0.79
¥1.04

¥0.18
9.74
¥3.54
0.00
¥1.84
5.43
15.89
¥0.67
¥0.83

¥3.63
6.31
¥2.78
0.00
¥4.42
3.93
16.55
¥0.68
¥0.89

¥0.06
¥1.80
¥2.02
¥0.40
¥0.40
0.59
0.00
1.92
0.12

¥0.76
¥1.26
¥1.76
¥0.73
¥2.19
¥1.12
¥1.74
1.79
1.10

¥4.42
¥3.47
¥3.51
¥4.29
¥1.49
0.31
¥1.21
0.97
0.83

232901 Weighted average subsidy rate .....................................
¥0.85
¥1.65
¥1.86
Guaranteed loan subsidy budget authority:
233001 Apartments NC/SC .........................................................
¥1
¥3
¥65
233002 221d3 NP/Coop owned apts .......................................... ...................
3
3
233003 Tax Credits NC ...............................................................
¥38
¥30
¥36
233004 Mixed Income (Hope d4) ................................................ ................... ................... ...................
233005 Apartments Refinance ...................................................
¥46
¥33
¥80
Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
233006
233007
233008
233009
233010
233011
233012
233013
233014
233015
233016
233017
233018
233022

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 .....................
Home Equity Conversion Mortgages ..............................
Title 1 Property Improvement ........................................
Title 1 Manufactured Housing .......................................
Standby authority ...........................................................

233901 Total subsidy budget authority ......................................
Guaranteed loan subsidy outlays:
234001 Apartments NC/SC .........................................................
234002 221d3 NP/Coop owned apts ..........................................
234003 Tax Credits NC ...............................................................
234004 Mixed Income (Hope d4) ................................................
234005 Apartments Refinance ...................................................
234006 241a Supplemental Loans for Apts ...............................
234007 Operating Loss Loans for Apts (plus 232) ....................
234008 HFA Risk Sharing ...........................................................
234009 GSE Risk Sharing ...........................................................
234010 FHA Full Insurance for Health Care Facilities (plus
241/232) ....................................................................
234011 Health Care Refinances .................................................
234012 Hospitals ........................................................................
234013 Other Rental (incl 207(mhp),220,231) ..........................
234014 Section 234: Condominiums ..........................................
234015 Section 203(k): Rehabilitation Mortgages .....................
234016 Home Equity Conversion Mortgages ..............................
234017 Title 1 Property Improvement ........................................
234018 Title 1 Manufactured Housing .......................................

................... ...................
¥8
¥19
¥13
¥35
¥16
¥13
¥26
................... ...................
¥2
¥52
¥84
¥57
3
¥5
1
...................
¥105
¥166
1
1
1
...................
1
1
................... ................... ...................
¥169

¥282

¥469

¥1
...................
¥33
...................
¥45
...................
...................
¥2
...................

¥2
2
¥32
...................
¥36
...................
...................
¥1
...................

¥50
3
¥35
...................
¥68
...................
...................
¥1
...................

...................
¥1
¥18
¥14
¥35
¥14
................... ...................
¥52
¥84
3
¥5
...................
¥105
1
1
...................
1

¥7
¥29
¥23
¥2
¥57
1
¥166
1
1

234901 Total subsidy outlays .....................................................
Guaranteed loan upward reestimate subsidy budget authority:
235024 General and Special Risk ..............................................

¥182

767

478 ...................

235901 Total upward reestimate budget authority ....................
Guaranteed loan downward reestimate subsidy budget
authority:
237024 General and Special Risk ..............................................

767

478 ...................

¥208

¥297 ...................

237901 Total downward reestimate subsidy budget authority

¥208

¥297 ...................

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

cprice-sewell on PROD1PC66 with BUDGET PAG

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

¥290

¥432

300
18
285

307
14
284

This account includes budget authority for insurance programs requiring positive credit subsidies, as well as for salaries and expenses and other administrative costs for all General and Special Risk Insurance Fund programs.
As required by the Federal Credit Reform Act of 1990,
this account records, for the single family, multifamily, hospital, and Title I insurance programs of FHA’s General Insurance and Special Risk Insurance Funds, the subsidy costs
associated with the loan guarantees committed or direct loans
obligated in 1992 and thereafter (including modifications of
loan guarantees or direct loans that resulted from obligations
or commitments in any year), as well as administrative expenses of these programs. The subsidy amounts are estimated
on a present value basis; the administrative expenses are
accounted for on a cash basis.
The Budget implements a higher guarantee premium for
multi-family and health care loan guarantees to offset taxpayer costs for loans to these developments. Loans for developments using low-income housing tax credits will be exempt
from this increase. The Budget also proposes a consolidation
of FHA single-family programs under the Mutual Mortgage
Insurance fund.
VerDate Aug 31 2005

12:00 Jan 26, 2006

Jkt 206762

Object Classification (in millions of dollars)
2005 actual

Identification code 86–0200–0–1–371

25.1
25.2
25.3

PO 00000

Frm 00035

Fmt 3616

2006 est.

2007 est.

67
10

60
11

67
11

41.0

Advisory and assistance services ..................................
Other services ................................................................
Other purchases of goods and services from Government accounts ...........................................................
Grants, subsidies, and contributions ............................

226
773

229
483

229
7

99.9

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

1,076

783

314

GENERAL

AND

SPECIAL RISK PROGRAM ACCOUNT

(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0200–2–1–371

2006 est.

2007 est.

00.02

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

¥1

10.00

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

¥1

23.95

Budgetary resources available for obligation:
Total new obligations .................................................... ................... ...................

24.40

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

73.10

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

¥1

74.40

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

¥1

89.00
90.00

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
2005 actual

Identification code 86–0200–2–1–371

311
47
242

563

2006 est.

Guaranteed loan levels supportable by subsidy budget
authority:
215014 Section 234: Condominiums .......................................... ................... ...................
215015 Section 203(k): Rehabilitation Mortgages ..................... ................... ...................
215016 Home Equity Conversion Mortgages .............................. ................... ...................

2007 est.

¥3,842
¥421
¥13,717

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

¥17,980

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

1.49
¥0.31
1.21

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

¥1.52

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

57
¥1
166

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

222

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

57
¥1
166

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

222

215901 Total loan guarantee levels ...........................................
Guaranteed loan subsidy (in percent):
232014 Section 234: Condominiums ..........................................
232015 Section 203(k): Rehabilitation Mortgages .....................
232016 Home Equity Conversion Mortgages ..............................
232901 Weighted average subsidy rate .....................................
Guaranteed loan subsidy budget authority:
233014 Section 234: Condominiums ..........................................
233015 Section 203(k): Rehabilitation Mortgages .....................
233016 Home Equity Conversion Mortgages ..............................
233901 Total subsidy budget authority ......................................
Guaranteed loan subsidy outlays:
234014 Section 234: Condominiums ..........................................
234015 Section 203(k): Rehabilitation Mortgages .....................
234016 Home Equity Conversion Mortgages ..............................

FHA—GENERAL

AND

SPECIAL RISK GUARANTEED LOAN FINANCING
ACCOUNT

Program and Financing (in millions of dollars)
2005 actual

Identification code 86–4077–0–3–371

Capital investment, claims and other:
Capital investment, claims and other:
00.01
Default claims ...........................................................
00.02
Interest paid to Treasury ...........................................
00.03
Other capital investments and operating expenses
Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

883
93
199

2006 est.

1,516
95
376

2007 est.

1,176
95
615

564

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007

Credit accounts—Continued
FHA—GENERAL

AND

Status of Guaranteed Loans (in millions of dollars)

SPECIAL RISK GUARANTEED LOAN FINANCING
ACCOUNT—Continued

Program and Financing (in millions of dollars)—Continued
2005 actual

Identification code 86–4077–0–3–371

00.09

2007 est.

00.14

Asset sale positive subsidy payment to the liquidating account ......................................................
Contract Costs ...........................................................

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

1,185
247
127
81

08.91

Direct Program by Activities—Subtotal (1 level)

455

591

476

10.00

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

1,640

2,598

2,382

2 ................... ...................
8
20
20

1,147
3,022

2,007
1,906
294
476
203 ...................
94 ...................

2,497
2,445

2,244
2,081

2 ................... ...................
¥34
¥100
¥100

23.90
23.95

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

4,137
¥1,640

4,842
¥2,598

4,225
¥2,382

24.40

Unobligated balance carried forward, end of year

2,497

2,244

1,843

New financing authority (gross), detail:
Mandatory:
67.10
Authority to borrow ....................................................
Spending authority from offsetting collections:
Mandatory:
69.00
Offsetting collections (cash) ................................
69.10
Change in uncollected customer payments from
Federal sources (unexpired) .............................
69.47
Portion applied to repay debt ...............................

772

500

2,385

1,945

1,581

45 ................... ...................
¥180 ................... ...................

69.90

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

2,250

1,945

1,581

70.00

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

3,022

2,445

2,081

72.40
73.10
73.20
73.45
74.00

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

74.40
87.00

cprice-sewell on PROD1PC66 with BUDGET PAG

2006 est.

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

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
88.00
Payments from program account .........................
88.00
Gross Proceeds from sale of mortgage notes
(liquidating) ......................................................
88.00
Subsidy reestimate from program account ..........
88.00
Payment from program account- Asset Sale .......
88.25
Interest on uninvested funds ...............................
88.40
Fees and premiums ..............................................
88.40
Recoveries on defaulted mortgages .....................
88.40
Title I recoveries ...................................................
88.40
Single family property recoveries .........................
88.40
Gross Proceeds from Mortgage Note Sales ..........
88.40
Multifamily property recoveries .............................
88.40
Non-Federal Resources-other ................................
88.90
88.95

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

89.00
90.00

VerDate Aug 31 2005

12:00 Jan 26, 2006

Jkt 206762

285
131
¥113
1,640
2,598
2,382
¥1,747
¥2,842
¥2,344
¥2 ................... ...................

2005 actual1

Identification code 86–4077–0–3–371

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

2006 est.

2007 est.

35,000
¥15,348

35,000
¥17,835

35,000
¥9,650

19,652
19,652

17,165
17,165

25,350
25,350

78,257
20,188
¥16,288

81,274
14,523
¥11,307

82,955
17,874
¥11,716

¥617

¥1,201

¥811

¥235

¥329

¥361

¥31

¥5

¥4

2290

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

81,274

82,955

87,937

2299

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

81,274

82,955

87,937

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

704
655
2,098
709
1,555
1,456
¥615
¥112
¥214
¥143 ................... ...................
655

2,098

3,340

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 Sheet (in millions of dollars)

¥45 ................... ...................
131
1,747

¥4

¥113
2,842

¥5

¥75
2,344

¥7

¥80
¥6 ...................
¥767
¥478 ...................
¥2 ................... ...................
¥147
¥147
¥147
¥612
¥664
¥729
¥153
¥23
¥105
¥23
¥2
¥1
¥171
¥433
¥383
¥393
¥86
¥107
¥1
¥1
¥2
¥32
¥100
¥100
¥2,385

¥1,945

¥1,581

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

592
¥637
PO 00000

500
897

500
763

Frm 00036

Fmt 3616

2004 actual

Identification code 86–4077–0–3–371

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

1999

Total assets ...............................................................
LIABILITIES:
Federal liabilities:
2101
Accounts payable Intragovernmental .......................
2103
Debt ............................................................................
2105
Other Federal Liabilities ...........................................
Non-Federal liabilities:
2201
Accounts payable ......................................................
2202
Interest payable ........................................................
Sfmt 3633

E:\BUDGET\HUD.XXX

HUD

2005 actual

1,432

2,628

767

228

4
17

6
13

704
73
394
–682

655
60
387
–655

489
–12

447
92

2,697

3,414

208
800
87

297
1,310
.......................

36
12

49
15

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
2203
2204
2207

Non Federal Debt ......................................................
Liabilities for loan guarantees ................................
Other ..........................................................................

34
1,409
111

48
1,564
131

2999

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

2,697

3,414

4999

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

2,697

3,414

FHA—GENERAL

AND

SPECIAL RISK GUARANTEED LOAN FINANCING
ACCOUNT

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

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

565

................... ...................
...................
¥354
................... ...................
................... ...................

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

¥354

(Legislative proposal, not subject to PAYGO)
f

Program and Financing (in millions of dollars)
2005 actual

Identification code 86–4077–2–3–371

2006 est.

FHA—GENERAL

2007 est.

Capital investment, claims and other:
Capital investment, claims and other:
00.01
Default claims ........................................................... ................... ...................
08.01
Payment of negative subsidy to receipt account ................... ...................

¥369
¥223

10.00

¥592

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

¥889
592

24.40

¥297

New financing authority (gross), detail:
Mandatory:
69.00
Spending authority from offsetting collections
(gross): Offsetting collections (cash) ................... ................... ...................

¥889

73.10
73.20

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

¥592
1,428

74.40
87.00

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

836
¥1,428

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
88.00
Payments from program account .........................
88.40
Fees and premiums ..............................................
88.40
Single family property recoveries .........................
88.40
Gross Proceeds from Mortgage Note Sales ..........
88.90

89.00
90.00

2007 est.

00.01
00.02

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

3
1

10.00

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

22.00
23.95

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

4
¥4

New financing authority (gross), detail:
Mandatory:
67.10
Authority to borrow .................................................... ...................
Spending authority from offsetting collections:
Mandatory:
69.00
Offsetting collections (cash) ................................ ...................
69.47
Portion applied to repay debt ............................... ...................
69.90

Spending authority from offsetting collections
(total mandatory) ......................................... ................... ................... ...................
Total new financing authority (gross) ...................... ...................

73.10
73.20
87.00

in obligated balances:
new obligations .................................................... ...................
financing disbursements (gross) ......................... ...................
financing disbursements (gross) ......................... ...................

4
¥4
4

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

889

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
88.40
Interest received on loans .................................... ...................
88.40
Repayment of Principal ........................................ ...................

¥1
¥3

88.90

¥4

2005 actual1

2006 est.

2007 est.

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

¥17,980
¥17,980

................... ................... ...................
................... ...................
¥9,123
................... ...................
3,974

89.00
90.00

50
¥47

1150

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

Cumulative balance of direct loans outstanding:
Outstanding, start of year .............................................
2
Disbursements: Direct loan disbursements ................... ...................
Repayments: Repayments and prepayments ................. ...................

2
4
¥4

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

1290

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

¥4,780

PO 00000

Frm 00037

Fmt 3616

2007 est.

50
¥47

361

Jkt 206762

2006 est.

50
¥50

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

12:00 Jan 26, 2006

2005 actual

1210
1231
1251

VerDate Aug 31 2005

Identification code 86–4105–0–3–371

¥4,780

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

Status of Direct Loans (in millions of dollars)

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

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

Change
Total
Total
Total

1
497
382
9

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

Position with respect to appropriations act limitation
on commitments:
2111 Limitation on guaranteed loans made by private lenders .............................................................................. ................... ................... ...................
2142 Uncommitted loan guarantee limitation ....................... ................... ...................
¥17,980

cprice-sewell on PROD1PC66 with BUDGET PAG

2006 est.

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

Identification code 86–4077–2–3–371

2290

2005 actual

Identification code 86–4105–0–3–371

70.00

Status of Guaranteed Loans (in millions of dollars)

2150
2199

SPECIAL RISK DIRECT LOAN FINANCING
ACCOUNT

Program and Financing (in millions of dollars)

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

AND

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

E:\BUDGET\HUD.XXX

HUD

566

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007

Credit accounts—Continued
88.96

FHA—GENERAL

SPECIAL RISK DIRECT LOAN FINANCING
ACCOUNT—Continued

AND

eral Insurance and Special Risk Insurance Fund programs.
The amounts in this account are a means of financing and
are not included in the budget totals. As required by the
Federal Credit Reform Act of 1990, no administrative expenses can be recorded in the financing account.
This schedule includes two direct loan programs. One provides bridge loan financing to facilitate the disposition of multifamily housing owned by the Department to non-profit organizations who agree to preserve it as affordable rental or
cooperative housing. The second is a single-family direct loan
program for purchase money mortgages, as discussed in the
preceding section for the Mutual Mortgage Insurance Fund.
Balance Sheet (in millions of dollars)
2004 actual

Identification code 86–4105–0–3–371

ASSETS:
Net value of assets related to post–
1991 direct loans receivable:
1401
Direct loans receivable, gross .................................

2005 actual

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

Status of Guaranteed Loans (in millions of dollars)
2005 actual

Identification code 86–4106–0–3–371

2006 est.

2007 est.

Position with respect to appropriations act limitation
on commitments:
2111 Limitation on guaranteed loans made by private lenders .............................................................................. ................... ................... ...................
2121 Limitation available from carry-forward .......................
2
2 ...................
2143 Uncommitted limitation carried forward .......................
¥2 ................... ...................
2150
2199

2210
2231
2251
2263

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

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

Cumulative balance of guaranteed loans outstanding:
Outstanding, start of year .............................................
6
4
3
Disbursements of new guaranteed loans ...................... ...................
2 ...................
Repayments and prepayments ...................................... ...................
¥3
¥3
Adjustments: Terminations for default that result in
claim payments .........................................................
¥2 ................... ...................

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

Total assets ...............................................................
LIABILITIES:
Federal liabilities:
2103
Treasury borrowing ....................................................
2104
Resources payable to Treasury ................................

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

1
1

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

2999

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

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

Identification code 86–4106–0–3–371

4999

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

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

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

1499

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

1999

FHA—LOAN GUARANTEE RECOVERY FUND—FINANCING ACCOUNT
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–4106–0–3–371

2006 est.

2007 est.

00.01

Obligations by program activity:
Default Claims ...............................................................

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

10.00

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

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

21.40
22.00

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
5
3
New financing authority (gross) .................................... ................... ...................

23.90
23.95

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

24.40

Unobligated balance carried forward, end of year

72.40
73.10
73.20

74.40
87.00

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

3
1

5
3
4
¥2 ................... ...................
3

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

cprice-sewell on PROD1PC66 with BUDGET PAG

89.00
90.00

Against gross financing authority only:
Portion of offsetting collections (cash) credited to
expired accounts ................................................... ...................

¥2
1

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

VerDate Aug 31 2005

12:00 Jan 26, 2006

Jkt 206762

PO 00000

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

2299

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

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

Balance Sheet (in millions of dollars)
2004 actual

2005 actual

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. No loans have been made since
2004.
f

FHA—GENERAL

AND

SPECIAL RISK INSURANCE FUNDS LIQUIDATING
ACCOUNT

Program and Financing (in millions of dollars)
2005 actual

Identification code 86–4072–0–3–371

¥3
1

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
88.25
Interest on uninvested funds ............................... ................... ...................
¥1
88.40
Non-Federal sources ............................................. ...................
¥1 ...................
88.90

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

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

2290

¥1

Frm 00038

Fmt 3616

2006 est.

2007 est.

Obligations by program activity:
Operating expenses:
00.02
Interest on debentures ..............................................
17
00.03
Other operating costs ................................................ ...................
00.06
PAE & 3rd party restructuring fees ..........................
20

25
3
36

25
3
10

00.91

01.01
01.02
01.03
01.04
01.05
01.10
01.11
01.12
01.13
01.14

Total operating expenses ......................................
Capital investment: Claims and other:
Acquisition of defaulted Title I notes .......................
Assignment of mortgages .........................................
Debenture Claims ......................................................
Mark-To-Market Restructures ....................................
Acquisition of real properties ....................................
Capitalized Expenses .................................................
Escrow Advances .......................................................
Upfront Grants ...........................................................
Other ..........................................................................
M&M Contract ...........................................................

Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

1
1
1
316
273
234
¥6 ................... ...................
199
582
94
7
4
2
2
66
56
164
105
100
14
30 ...................
19
18
18
1
3
3

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
01.16

Payment to the Financing Account-Asset Sale .........

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

Adjustments:
Terminations for default that result in loans receivable .......................................................................
Terminations for default that result in acquisition
of property .............................................................

¥516

¥856

¥329

¥7

¥3

¥2

2290

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

8,457

6,204

5,363

2299

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

8,457

6,204

5,363

2261
01.91

Total capital investment .......................................

797

1,088

508
2262

10.00

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

834

1,152

546

137
960

35 ...................
1,672
787

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
New budget authority (gross) ........................................
Resources available from recoveries of prior year obligations .......................................................................
22.40 Capital transfer to general fund ...................................
22.60 Portion applied to repay debt ........................................

2 ................... ...................
¥137
¥35 ...................
¥93
¥520
¥241

23.90
23.95

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

869
¥834

24.40

Unobligated balance carried forward, end of year

21.40
22.00
22.10

New budget authority (gross), detail:
Mandatory:
60.00
Appropriation .............................................................
67.10
Authority to borrow ....................................................
Mandatory:
69.00
Spending authority from offsetting collections: Offsetting collections (cash) .....................................

1,152
¥1,152

546
¥546

35 ................... ...................

462
¥9

794
500

233
200

507

378

354

960

1,672

787

70.00

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

72.40
73.10
73.20
73.45

74.40

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

607

811

492

86.97
86.98

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

225
543

341
607

133
732

87.00

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

768

948

865

543
607
811
834
1,152
546
¥768
¥948
¥865
¥2 ................... ...................

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.00
Collections from the Financing Account-Asset
Sales .................................................................
¥2 ................... ...................
88.40
Fees and premiums ..............................................
¥75
¥68
¥63
88.40
Proceeds from sale of real property .....................
¥22
¥39
¥37
88.40
Proceeds from sale of mortgage notes ................
¥157
¥142
¥135
88.40
Foreclosure Sale .................................................... ................... ................... ...................
88.40
Recoveries on defaulted mortgages .....................
¥187
¥61
¥51
88.40
Interest, dividends and revenue ...........................
¥57
¥55
¥55
88.40
Other collections ...................................................
¥7
¥13
¥13
88.90

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

¥507

¥378

¥354

567

Addendum:
Cumulative balance of defaulted guaranteed loans
that result in loans receivable:
2310
Outstanding, start of year ........................................
2331
Disbursements for guaranteed loan claims .............
2351
Repayments of loans receivable ...............................
2361
Write-offs of loans receivable1 .................................
2364
Other adjustments, net .............................................
2390

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

2,773
2,983
3,771
516
856
329
¥182
¥60
¥51
¥83
¥8
¥6
¥41 ................... ...................
2,983

3,771

4,043

The General Insurance fund provides for a large number
of specialized mortgage insurance programs, including the insurance of loans for property improvements as well as for
cooperatives, condominiums, nursing homes, rental housing
and nonprofit hospitals.
The Special Risk Insurance fund provides insurance on behalf of mortgagors who otherwise would not be eligible for
mortgage insurance. In addition, the fund provides insurance
on mortgages covering experimental housing where strict adherence to State or local building regulations was not observed.
As required by the Federal Credit Reform Act of 1990,
this account records, for this program, all cash flows to and
from the Government resulting from loan guarantees committed and direct loans obligated prior to 1992. This account
is shown on a cash basis. New insurance and direct loan
activity in 1992 and thereafter in the GI/SRI programs is
recorded in corresponding program (86–0200) and financing
(86–4077 and 86–4105) accounts.
Restructuring authorities under the Multifamily Assisted
Housing Reform and Affordability Act of 1997 expire at the
end of fiscal year 2006 except for binding commitments entered into prior to October 1, 2006.
Financial Condition.—The following tables reflect the revenues, expenses, and financial condition of the GI/SRI Liquidating Account based on Generally Accepted Accounting Principles.
Balance Sheet (in millions of dollars)

Net budget authority and outlays:
89.00 Budget authority ............................................................
90.00 Outlays ...........................................................................
Memorandum (non-add) entries:
92.01 Total investments, start of year: Federal securities:
Par value ...................................................................
92.02 Total investments, end of year: Federal securities:
Par value ...................................................................

453
261

1,294
570

433
511

Status of Direct Loans (in millions of dollars)
2005 actual

cprice-sewell on PROD1PC66 with BUDGET PAG

Identification code 86–4072–0–3–371

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

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

2006 est.

2007 est.

20
¥5

15
¥5

10
¥5

Status of Guaranteed Loans (in millions of dollars)
2005 actual

Identification code 86–4072–0–3–371

2210
2251

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

VerDate Aug 31 2005

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12,556
¥3,576
PO 00000

2006 est.

ASSETS:
Federal assets:
1101
Fund balances with Treasury ..................................
Investments in US securities:
1102
Treasury securities, par .....................................
Non-Federal assets:
1201
Investments in non-Federal securities, net ............
1206
Receivables, net ........................................................
Net value of assets related to pre–1992
direct loans receivable and acquired defaulted guaranteed loans
receivable:
1601
Direct loans, gross ...................................................

8,457
¥1,394

6,204
¥510

Frm 00039

Fmt 3616

2005 actual

676

638

3
53

3
59

20
2,773
137

15
2,983
143

–914

–851

1706

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

1,996
1

2,275
8

1799
1901

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

1,997
145

2,283
–12

1699
1701
1702
1703

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

1704
2007 est.

2004 actual1

Identification code 86–4072–0–3–371

Sfmt 3633

E:\BUDGET\HUD.XXX

HUD

HOUSING PROGRAMS—Continued
Federal Funds—Continued

568

THE BUDGET FOR FISCAL YEAR 2007
87.00

Credit accounts—Continued
FHA—GENERAL

AND

SPECIAL RISK INSURANCE FUNDS LIQUIDATING
ACCOUNT—Continued

Balance Sheet (in millions of dollars)—Continued
2004 actual1

Identification code 86–4072–0–3–371

1999

2,898

2,990

–8
14
149
2,264
321

26
14
82
1,164
21

2999

2,787

1,354

1,686
–1,575

1,683
–47

3999

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

111

1,636

4999

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

2,898

2,990

pending final audit.

Object Classification (in millions of dollars)
2005 actual

2006 est.

2007 est.

25.2
32.0
33.0
43.0
44.0

Other services ................................................................
Land and structures ......................................................
Investments and loans ..................................................
Interest and dividends ...................................................
Repayments to financing account .................................

40
23
674
17
80

40
131
931
30
20

40
131
325
30
20

99.9

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

834

1,152

546

HOUSING

FOR THE

ELDERLY

OR HANDICAPPED FUND LIQUIDATING
ACCOUNT

Program and Financing (in millions of dollars)
2005 actual

Identification code 86–4115–0–3–371

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

¥1,058

¥800

¥700

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

¥964
¥930

¥705
¥705

¥605
¥605

89.00
90.00

Status of Direct Loans (in millions of dollars)

Identification code 86–4072–0–3–371

128

2005 actual

Total assets ...............................................................
LIABILITIES:
2105 Federal liabilities: Other Liabilities ................................
Non-Federal liabilities:
2201
Accounts payable ......................................................
2202
Interest payable ........................................................
2203
Debt ............................................................................
2204
Liabilities for loan guarantees ................................
2207
Unearned revenue and advances ............................

1 Preliminary

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

2006 est.

2007 est.

00.02
01.01

Obligations by program activity:
Maintenance security and collateral .............................
Operating expenses: Interest on borrowings .................

1
91

15
80

10.00

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

21.40
22.00
22.40

28
94
¥28

23.90
23.95

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

94
¥92

24.40

Unobligated balance carried forward, end of year

2005 actual

Identification code 86–4115–0–3–371

1210
1231
1251
1264

Cumulative balance of direct loans outstanding:
Outstanding, start of year .............................................
Disbursements: Direct loan disbursements ...................
Repayments: Repayments and prepayments .................
Write-offs for default: Other adjustments, net .............

1290

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

cprice-sewell on PROD1PC66 with BUDGET PAG

69.90

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

1,058
¥964

800
¥705

700
¥605

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

72.40
73.10
73.20

84
92
¥128

48
95
¥95

74.40

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

86.97
86.98

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

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95
95
34 ................... ...................
PO 00000

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6,991
6,502
6,102
10 ................... ...................
¥489
¥400
¥400
¥10 ................... ...................
6,502

6,102

5,702

The Housing for the Elderly or Handicapped Fund was
established pursuant to section 202 of the Housing Act of
1959, as amended. The fund provided direct loans to nonprofit
organizations building and managing housing projects for
lower income persons who are elderly or disabled.
Projects included an assured range of necessary services
for the occupants of such projects. In addition, the section
8 lower income housing assistance payments program has
been used in conjunction with the section 202 program. Applications under the two programs have been processed simultaneously.
The data included in these schedules represent direct loan
activities funded under the Housing for the Elderly or Handicapped Loan Fund. Further, activities in support of the needs
of the elderly and disabled have been carried out under a
grant program funded in the 1991 Appropriations Act (P.L.
101–507) and authorized in the National Affordable Housing
Act (P.L. 101–625).
After April 1, 1992, all projects for which there were administrative reservations converted to the capital advance assistance program.
The program and financing schedule for this account summarizes the Federal government’s obligations for this loan
program.
Financing.—Repayments and interest income from loans
continue to be available to pay for commitments of the fund.
Balance Sheet (in millions of dollars)
2004 actual

Identification code 86–4115–0–3–371

95
¥95

2007 est.

Note.—Amounts for direct loan obligations reflect reservations of section 202 funds. Loan obligations shown
under the program and financing schedule reflect loans that have reached the initial closing stage of processing.

2 ...................
95
95
¥2 ...................
95
¥95

2006 est.

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 (–) ...........................................................

2005 actual

111

6,991
78

6,502
70

–17

–19

1604
1606

Direct loans and interest receivable, net .......
Acquired Real Property .............................................

7,052
31

6,553
7

1699

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

7,083

6,560

Total assets ...............................................................
LIABILITIES:
Federal liabilities:
2102
Interest payable ........................................................
2103
Debt ............................................................................
2104
Resources payable to Treasury ................................
2207 Non-Federal liabilities: Other ..........................................

7,194

6,611

81
1,203
4,266
18

46
239
.......................
19

2999

5,568

304

1999

Sfmt 3633

Total liabilities ..........................................................
E:\BUDGET\HUD.XXX

HUD

GOVERNMENT NATIONAL MORTGAGE ASSOCIATION
Federal Funds

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

3100
3300

NET POSITION:
Unexpended Appropriations ..............................................
Revolving Fund: Cumulative results of operations ......

19
1,607

18
6,289

3999

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

1,626

6,307

4999

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

7,194

6,611

Object Classification (in millions of dollars)
2005 actual

Identification code 86–4115–0–3–371

2006 est.

2007 est.

32.0
43.0

Land and structures ......................................................
Interest and dividends ...................................................

1
91

15
80

99.9

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

MANUFACTURED HOUSING FEES TRUST FUND
Special and Trust Fund Receipts (in millions of dollars)
2005 actual

Identification code 86–8119–0–7–376

01.00

2006 est.

2007 est.

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

01.99

Balance, start of year .................................................... ................... ................... ...................
Receipts:
02.00 Mobile home inspection and monitoring fees, Manufactured housing fee trust fund ...............................
9
13
13
Appropriations:
05.00 Manufactured housing fees trust fund .........................
¥9
¥13
¥13
07.99

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 to any dispute
resolution and installation program participant. These fees
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.
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.
f

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

GOVERNMENT NATIONAL MORTGAGE
ASSOCIATION

Program and Financing (in millions of dollars)
2005 actual

Identification code 86–8119–0–7–376

569

2006 est.

2007 est.

cprice-sewell on PROD1PC66 with BUDGET PAG

Federal Funds
Obligations by program activity:
00.01 Transfer to salaries and expenses ................................
00.02 Other program costs ......................................................

1
8

2
11

10.00

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

21.40
22.00
23.33

23.90
23.95

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

13
¥9

17
¥13

24.40

Unobligated balance carried forward, end of year

New budget authority (gross), detail:
Discretionary:
40.26
Appropriation (trust fund) .........................................

72.40
73.10
73.20

2
9
¥10

1
13
¥13

74.40

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

86.90
86.93

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

5
5

10
3

87.00

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

89.00
90.00

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

9
10

13
13

3
4
4
9
13
13
1 ................... ...................

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.
The Budget proposes discretionary appropriations for all
of Ginnie Mae’s administrative expenses. By bringing these
growing costs under the full purview of the appropriators
and eliminating Ginnie Mae’s mandatory spending authority,
this proposal treats Ginnie Mae’s administrative expenses like
those of other HUD programs. The Budget also proposes to
charge Ginnie Mae issuers an upfront fee to offset the administrative expenses of the program. For 2007, the upfront fee
assessed on new guarantees of mortgage-backed securities
would be slightly over 6 basis points (6 cents for every $100
of mortgages). The fee level would vary in future years with
changes in the estimated administrative expenses and estimated volume of new guarantees of mortgage-backed securities.
Credit accounts:
GUARANTEES

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.
VerDate Aug 31 2005

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Fmt 3616

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 ø$200,000,000,000¿ $100,000,000,000, to
remain available until September 30, ø2007¿ 2008.
Sfmt 3616

E:\BUDGET\HUD.XXX

HUD

570

GOVERNMENT NATIONAL MORTGAGE ASSOCIATION—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007
Outlays .................................................................................... .................... ....................

Credit accounts—Continued
GUARANTEES

MORTGAGE-BACKED SECURITIES LOAN GUARANTEE
PROGRAM ACCOUNT—Continued

(INCLUDING TRANSFER OF FUNDS)—Continued

For administrative expenses necessary to carry out the guaranteed
mortgage-backed securities program, ø$10,700,000¿ $54,000,000, to
be derived from the GNMA guarantees of mortgage-backed securities
guaranteed loan receipt account, of which not to exceed ø$10,700,000¿
$10,593,000, shall be transferred to the appropriation for ‘‘Salaries
and Expenses’’: Provided, That to the extent new guarantees of mortgage-backed securities exceed $43,000,000,000 on or before April 1,
2007, an additional $1,000 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 $14,000,000. (Department of Housing and Urban Development
Appropriations Act, 2006.)
Special and Trust Fund Receipts (in millions of dollars)
2005 actual

Identification code 86–0186–0–1–371

01.00

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

2006 est.

2,478

2007 est.

2,685

2,879

Balance, start of year ....................................................
2,478
2,685
Receipts:
02.20 GNMA-guarantees of mortgage backed securities
guarantee loans, Negative subsidies ........................
218
205
02.21 GNMA-guarantees of mortgage backed securities
guarantee loans, Negative subsidies—legislative
proposal not subject to PAYGO ................................. ................... ...................

2,879

01.99

02.99

Total receipts and collections ...................................

218

181

235

Total: Balances and collections ....................................
2,696
2,890
Appropriations:
05.00 Guarantees of mortgage-backed securities loan guarantee program account .............................................
¥11
¥11
05.01 Guarantees of mortgage-backed securities loan guarantee program account—legislative proposal not
subject to PAYGO ...................................................... ................... ...................

3,114

¥11

¥54

2,685

2,879

3,060

Program and Financing (in millions of dollars)

cprice-sewell on PROD1PC66 with BUDGET PAG

2007 est.

Obligations by program activity:
00.09 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 ....................................................

11
¥11

New budget authority (gross), detail:
Discretionary:
40.20
Appropriation (special fund) .....................................

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

11
¥11

73.10
73.20

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

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

11
11

89.00
90.00

2005 actual

Identification code 86–0186–0–1–371

Guaranteed loan levels supportable by subsidy budget
authority:
215001 Ginnie Mae mortgage-backed securities .......................

(in millions of dollars)

VerDate Aug 31 2005

12:00 Jan 26, 2006

Jkt 206762

PO 00000

Frm 00042

2007 est.

112,519

89,000

86,000

215901 Total loan guarantee levels ...........................................
Guaranteed loan subsidy (in percent):
232001 Ginnie Mae mortgage-backed securities .......................

112,519

89,000

86,000

¥0.23

¥0.21

232901 Weighted average subsidy rate .....................................
Guaranteed loan subsidy budget authority:
233001 Ginnie Mae mortgage-backed securities .......................

¥0.23

¥0.21

¥218

¥205

¥181

233901 Total subsidy budget authority ......................................
¥218
¥205
¥181
Guaranteed loan subsidy outlays:
234001 Ginnie Mae mortgage-backed securities .......................
¥218
¥205
¥181
234002 Standby commitment authority ..................................... ................... ................... ...................
234901 Total subsidy outlays .....................................................

¥218

¥205

¥181

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

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.
GUARANTEES

MORTGAGE-BACKED SECURITIES LOAN GUARANTEE
PROGRAM ACCOUNT

2005 actual

Identification code 86–0186–2–1–371

2007 est.

11
11
43
Fmt 3616

2006 est.

2007 est.

00.09

Obligations by program activity:
Administrative expenses, salaries and expenses .......... ................... ...................

10.00

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

22.00
23.95

43
¥43

New budget authority (gross), detail:
Discretionary:
40.20
Appropriation (special fund) ..................................... ................... ...................

73.10
73.20

43
¥43

86.90

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

89.00
90.00

43
43

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
2005 actual

Identification code 86–0186–2–1–371

Summary of Budget Authority and Outlays
Enacted/requested:
2005 actual
2006 est.
Budget Authority .....................................................................
11
11
Outlays ....................................................................................
11
11
Legislative proposal, not subject to PAYGO:
Budget Authority ..................................................................... .................... ....................

2006 est.

Program and Financing (in millions of dollars)

Total appropriations ..................................................
Balance, end of year .....................................................

2006 est.

54
54

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

(Legislative proposal, not subject to PAYGO)

07.99

2005 actual

11
11

¥43

05.99

Identification code 86–0186–0–1–371

11
11

205

04.00

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

2006 est.

2007 est.

Guaranteed loan levels supportable by subsidy budget
authority:
215001 Ginnie Mae mortgage-backed securities ....................... ................... ................... ...................
215901 Total loan guarantee levels ........................................... ................... ................... ...................
Guaranteed loan subsidy (in percent):
232001 Ginnie Mae mortgage-backed securities ....................... ................... ...................
¥0.06
Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

GOVERNMENT NATIONAL MORTGAGE ASSOCIATION—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
232901 Appropriation [S&E] ....................................................... ................... ...................
Guaranteed loan subsidy budget authority:
233001 Ginnie Mae mortgage-backed securities ....................... ................... ...................

571

¥0.06

2143

Uncommitted limitation carried forward .......................

¥178,467

¥200,000

¥100,000

¥54

2150
2199

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

112,519
112,519

178,467
178,467

200,000
200,000

2210
2231
2251

453,163
90,286
¥131,145

412,304
89,000
¥106,057

395,247
86,000
¥76,100

2290

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

412,304

395,247

405,147

2299

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

412,304

395,247

405,147

233901 Total subsidy budget authority ...................................... ................... ...................
¥54
Guaranteed loan subsidy outlays:
234001 Ginnie Mae mortgage-backed securities ....................... ................... ...................
¥54
234002 Standby commitment authority ..................................... ................... ................... ...................
¥54

234901 Total subsidy outlays ..................................................... ................... ...................
Administrative expense data:
351001 Budget authority ............................................................ ................... ...................
359001 Outlays from new authority ........................................... ................... ...................

43
43

GUARANTEES

Balance Sheet (in millions of dollars)

MORTGAGE-BACKED SECURITIES FINANCING
ACCOUNT

2005 actual

Identification code 86–4240–0–3–371

00.03
00.04

cprice-sewell on PROD1PC66 with BUDGET PAG

00.91
08.01
08.02

Obligations by program activity:
Advances and other .......................................................
Operating expenses ........................................................

2006 est.

2007 est.

39
19

49
27

59
28

Direct Program by Activities—Subtotal (1 level)
58
Payment to receipt account for negative subsidy ........
219
Deduction for prior year’s overpayment to receipt account .......................................................................... ...................

76
205

87
181

¥11 ...................

08.91

Direct Program by Activities—Subtotal (1 level)

219

194

181

10.00

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

277

270

268

21.40
22.00

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

810
432

965
403

1,098
405

23.90
23.95

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

1,242
¥277

1,368
¥270

1,503
¥268

24.40

Unobligated balance carried forward, end of year

965

1,098

1,235

New financing authority (gross), detail:
Mandatory:
69.00
Spending authority from offsetting collections
(gross): Offsetting collections (cash) ...................

432

403

405

72.40
73.10
73.20

58
277
¥284

51
270
¥259

62
268
¥262

74.40
87.00

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

51
284

62
259

68
262

1699
1803

¥55
¥246
¥24
¥22
¥42
¥2
¥12

¥62
¥233
¥28
¥23
¥43
¥4
¥12

88.90

¥432

¥403

¥405

1999

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

Status of Guaranteed Loans (in millions of dollars)
2005 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 .......................
VerDate Aug 31 2005

12:00 Jan 26, 2006

Jkt 206762

1,016
29

–7

–8

385

382

1,311

1,456

82
398

92
382

480

474

831

982

2999

Total liabilities ..........................................................
NET POSITION:
3300 Cumulative results of operations ...................................
3999

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

831

982

4999

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

1,311

1,456

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.

GUARANTEES

MORTGAGE-BACKED SECURITIES FINANCING
ACCOUNT

Program and Financing (in millions of dollars)
2005 actual

200,000
90,986
PO 00000

2006 est.

2007 est.

200,000
178,467

100,000
200,000

Frm 00043

Fmt 3616

2006 est.

2007 est.

08.01

Obligations by program activity:
Payment to receipt account for negative subsidy ........ ................... ...................

10.00

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

22.00
23.95

54
¥54

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

73.10

Identification code 86–4240–0–3–371

868
25

Value of assets related to direct loans .........
Other Federal assets: Property, plant and equipment,
net ................................................................................

Identification code 86–4240–2–3–371

¥49
¥285
¥31
¥21
¥32
¥2
¥12

89.00
90.00

ASSETS:
Federal assets: Fund balances with Treasury ..............
Non-Federal assets: Receivables, net ............................
Net value of assets related to pre–1992
direct loans receivable and acquired defaulted guaranteed loans
receivable:
1601
Direct loans, gross ...................................................
1603
Allowance for estimated uncollectible loans and
interest (–) ...........................................................
1101
1206

2005 actual

(Legislative proposal, not subject to PAYGO)

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
88.25
Interest on uninvested funds ...............................
88.40
Guarantee Fees .....................................................
88.40
Commitment and other fees .................................
88.40
Multiclass fees ......................................................
88.40
Repayment of advances .......................................
88.40
Servicing Fees .......................................................
88.40
Repayment on Mortgages .....................................
Total, offsetting collections (cash) ..................

2004 actual

Identification code 86–4240–0–3–371

Program and Financing (in millions of dollars)

74.40
87.00

Obligated balance, end of year ................................ ................... ...................
54
Total financing disbursements (gross) ......................... ................... ................... ...................

Offsets:
Against gross financing authority and financing disbursements:
88.40
Offsetting collections (cash) from: Upfront fees ...... ................... ...................
Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

¥54

572

GOVERNMENT NATIONAL MORTGAGE ASSOCIATION—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007

Credit accounts—Continued
GUARANTEES

Summary of Budget Authority and Outlays

MORTGAGE-BACKED SECURITIES FINANCING
ACCOUNT—Continued

(in millions of dollars)

Enacted/requested:
2005 actual
2006 est.
Budget Authority ..................................................................... ....................
57
Outlays ....................................................................................
–389
–235
Legislative proposal, not subject to PAYGO:
Budget Authority ..................................................................... .................... ....................
Outlays .................................................................................... .................... ....................

Program and Financing (in millions of dollars)—Continued
2005 actual

Identification code 86–4240–2–3–371

89.00
90.00

2006 est.

2007 est.

Total:
Budget Authority ..................................................................... ....................
Outlays ....................................................................................
–389

2007 est.

43
–292
–43
–43

57 ....................
–235
–335

GUARANTEES

Status of Direct Loans (in millions of dollars)

MORTGAGE-BACKED SECURITIES LIQUIDATING
ACCOUNT

2005 actual

Identification code 86–4238–0–3–371

Obligations by program activity:
00.01 Administrative contract expenses ..................................
Operating expenses:
00.03
Servicing expenses ....................................................

2006 est.

2007 est.

2006 est.

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year .............................................
12
1232 Disbursements: Purchase of loans assets from the
public .........................................................................
6
1252 Repayments: Proceeds from loan asset sales to the
public or discounted .................................................
¥8
1263 Write-offs for default: Direct loans ............................... ...................

2007 est.

¥8
¥36

¥8
¥27

01.01

Total operating expenses ......................................
Capital investment:
Advances of guaranty payments ...............................

10.00

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

105

21.40
22.00

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

7,543
426

7,918
493

8,306
481

2210
2251

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

96
¥14

82
¥15

67
¥15

23.90
23.95

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

7,969
¥51

8,411
¥105

8,787
¥92

2290

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

24.40

Unobligated balance carried forward, end of year

7,918

8,306

8,695

2299

Memorandum:
Guaranteed amount of guaranteed loans outstanding,
end of year1 ...............................................................

1290
00.91

New budget authority (gross), detail:
Mandatory:
60.00
Appropriation ............................................................. ...................
Mandatory:
69.00
Spending authority from offsetting collections: Offsetting collections (cash) .....................................
426

436

438

70.00

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

426

493

481

72.40
73.10
73.20

Change in obligated balances:
Obligated balance, start of year1 ..................................
Total new obligations ....................................................
Total outlays (gross) ......................................................

¥22
51
¥37

¥8
105
¥201

¥104
92
¥146

74.40

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

¥8

¥104

¥158

Outlays (gross), detail:
Outlays from new mandatory authority .........................
37
Outlays from mandatory balances ................................ ...................

114
87

86
60

201

146

86.97
86.98
87.00

cprice-sewell on PROD1PC66 with BUDGET PAG

2005 actual

Identification code 86–4238–0–3–371

Program and Financing (in millions of dollars)

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

¥408
¥13
¥2
¥3

¥420
¥12
¥2
¥2

¥427
¥8
¥1
¥2

88.90

¥426

¥436

¥438

Net budget authority and outlays:
89.00 Budget authority ............................................................ ...................
90.00 Outlays ...........................................................................
¥390
Memorandum (non-add) entries:
92.01 Total investments, start of year: Federal securities:
Par value ...................................................................
92.02 Total investments, end of year: Federal securities:
Par value ...................................................................
1 This

57
¥235

43
¥292

12:00 Jan 26, 2006

Jkt 206762

Status of Guaranteed Loans (in millions of dollars)
2005 actual

Identification code 86–4238–0–3–371

2006 est.

2007 est.

Balance Sheet (in millions of dollars)
2004 actual

Identification code 86–4238–0–3–371

ASSETS:
Federal assets:
Investments in US securities:
1102
Treasury securities, par .....................................
1106
Receivables, net .................................................
1206 Non-Federal assets: Receivables, net ............................
Net value of assets related to pre–1992
direct loans receivable and acquired defaulted guaranteed loans
receivable:
1601
Direct loans, gross ...................................................
1603
Allowance for estimated uncollectible loans and
interest (–) ...........................................................

2005 actual

7,540
63
7

7,921
50
11

–9

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

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

7,613

7,983

38
505

42
509

543

551

7,070

7,432

1699

2999

Total liabilities ..........................................................
NET POSITION:
3300 Cumulative results of operations ...................................
3999

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

7,070

7,432

4999

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

7,613

7,983

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.

7,562

7,949

8,267

7,949

8,267

8,597

line nets unpaid obligations and offsetting collections from new Federal sources.

VerDate Aug 31 2005

1999

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.20
Interest on Federal securities ...............................
88.40
Repayments of guaranteed payments ..................
88.40
Servicing income ...................................................
88.40
Repayments on mortgages ...................................
Total, offsetting collections (cash) ..................

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

PO 00000

Object Classification (in millions of dollars)

25.2
Frm 00044

Fmt 3616

2005 actual

Identification code 86–4238–0–3–371

Other services ................................................................

Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

2006 est.

2007 est.

POLICY DEVELOPMENT AND RESEARCH
Federal Funds

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
33.0

Investments and loans ..................................................

99.9

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

105

GUARANTEES

MORTGAGE-BACKED SECURITIES LIQUIDATING
ACCOUNT

Provided further, That activities for the Partnership for Advancing
Technology in Housing Initiative shall be administered by the Office
of Policy Development and Research. (Department of Housing and
Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)

(Legislative proposal, not subject to PAYGO)

2005 actual

2006 est.

2007 est.

00.01

Obligations by program activity:
Administrative contract expenses .................................. ................... ...................

¥43

10.00

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

¥43

Budgetary resources available for obligation:
22.00 New budget authority (gross) ........................................ ................... ...................
23.95 Total new obligations .................................................... ................... ...................
24.40

¥43
43

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

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

¥43

¥43
43

73.10
73.20
74.40

2005 actual

Identification code 86–0108–0–1–451

Program and Financing (in millions of dollars)
Identification code 86–4238–2–3–371

573

00.01
00.02
00.03

Obligations by program activity:
Housing Research ..........................................................
37
PATH ...............................................................................
9
University Programs ....................................................... ...................

2006 est.

2007 est.

33
39
6 ...................
20
29

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

5
45

4 ...................
55
68

23.90
23.95

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

50
¥46

24.40

Unobligated balance carried forward, end of year

59
¥59

68
¥68

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

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
46
56
68
40.33
Appropriation permanently reduced (P.L. 109–148) ...................
¥1 ...................
40.35
Appropriation permanently reduced ..........................
¥1 ................... ...................
43.00

Appropriation (total discretionary) ........................
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:
86.90 Outlays from new discretionary authority ..................... ................... ...................

¥43

72.40
73.10
73.20
73.40

¥43
¥43

74.40

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

86.90
86.93

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

24
23

22
27

28
34

87.00

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

89.00
90.00

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

45
47

55
49

68
62

89.00
90.00

POLICY DEVELOPMENT AND RESEARCH

36
34
44
46
59
68
¥47
¥49
¥62
¥1 ................... ...................

Federal Funds
General and special funds:

cprice-sewell on PROD1PC66 with BUDGET PAG

RESEARCH

AND

TECHNOLOGY

For contracts, grants, and necessary expenses of programs of research and studies relating to housing and urban problems, not otherwise provided for, as authorized by title V of the Housing and Urban
Development Act of 1970, as amended (12 U.S.C. 1701z–1 et seq.),
including carrying out the functions of the Secretary under section
1(a)(1)(i) of Reorganization Plan No. 2 of 1968, ø$56,350,000¿
$68,360,000, to remain available until September 30, ø2007¿ 2008:
Provided, øThat of the total amount provided under this heading,
$5,000,000 shall be for the Partnership for Advancing Technology
in Housing (PATH) Initiative: Provided further, That of the amounts
made available for PATH under this heading, $2,500,000 shall not
be subject to the requirements of section 305 of this title: Provided
further, That the Office of Housing shall administer PATH: Provided
further, That of funds made available under this heading, $750,000
shall be transferred to the National Research Council for a study
in accordance with the statement of the managers accompanying
this Act: Provided further,¿ That of the funds made available under
this heading, ø$20,600,000¿ $28,710,000 is for grants pursuant to
section 107 of the Housing and Community Development Act of 1974,
as amended, as follows: ø$3,000,000¿ $2,970,000 to support Alaska
Native serving institutions and Native Hawaiian serving institutions
as defined under the Higher Education Act, as amended;
ø$2,600,000¿ $2,574,000 for tribal colleges and universities to build,
expand, renovate, and equip their facilities and to expand the role
of the colleges into the community through the provision of needed
services such as health programs, job training and economic development activities; ø$9,000,000¿ $8,910,000 for the Historically Black
Colleges and Universities program, of which up to ø$2,000,000¿
$990,000 may be used for technical assistance; øand $6,000,000¿
$5,940,000 for the Hispanic Serving Institutions Program; $5,940,000
for the Community Outreach Partnership Center Program; and
$2,376,000 for the Community Development Work Study Program:
VerDate Aug 31 2005

12:00 Jan 26, 2006

Jkt 206762

PO 00000

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The Housing and Urban Development Act of 1970 directs
the Secretary to undertake programs of research, studies,
testing, and demonstrations related to the HUD mission.
These functions are carried out internally and through contracts with industry, nonprofit research organizations, and
educational institutions, and through agreements with State
and local governments and other Federal agencies.
In 2007, the research program includes funds for program
evaluations and for work related to the removal of barriers
to affordable housing. National housing surveys will continue
in 2007. Set-aside funds are not requested for the Partnership
for Advancing Technology (PATH) program in 2007, but
PATH will remain an eligible activity under the Research
and Technology account and will be administered by the Office of Policy Development and Research. Research and evaluation activities will support the Department in carrying out
its responsibilities under the Government Performance and
Results Act.
As in 2006 the University Partnership Program grants will
be funded from the Research and Technology account. These
grants, pursuant to Section 107 of the Housing and Community Development Act of 1974, were funded prior to 2006
under the Community Development Block Grant account.
These programs were and will continue to be administered
by the Office of Policy Development and Research. The University Partnership Programs provide grants to colleges and
universities to assist institutions of higher education in forming partnerships with the communities in which they are
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HUD

574

POLICY DEVELOPMENT AND RESEARCH—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007

General and special funds—Continued
RESEARCH

AND

74.40

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

86.90
86.93

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

1
46

3
43

87.00

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

89.00
90.00

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

46
47

46
46

45
46

TECHNOLOGY—Continued

located to undertake a range of activities that foster and
achieve neighborhood development and revitalization. Funds
also support a work study program for disadvantaged and
minority students in graduate level community building curricula. The University Partnership Programs include the following: Alaska Native and Native Hawaiian Serving Institutions program, Tribal Colleges and University program, Historically Black Colleges and Universities program, Community Outreach Partnerships program, Hispanic Serving Institutions program and the Community Development Work
Study Program.
Object Classification (in millions of dollars)
2005 actual

Identification code 86–0108–0–1–451

2006 est.

2007 est.

25.2
41.0

Other services ................................................................
Grants, subsidies, and contributions ............................

43
3

36
23

37
31

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, ø$46,000,000¿ $44,550,000, to remain available until September 30, ø2007¿ 2008, of which ø$20,000,000¿ $19,800,000 shall
be to carry out activities pursuant to such section 561: Provided,
That notwithstanding 31 U.S.C. 3302, the Secretary may assess and
collect fees to cover the costs of the Fair Housing Training Academy,
and may use such funds to provide such training: Provided further,
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. (Department
of Housing and Urban Development Appropriations Act, 2006.)

The Budget proposes an appropriation of $44.5 million in
2007 to fund fair housing activities that support efforts to
end housing discrimination. Of the amount requested, $24.75
million is for the Fair Housing Assistance Program and $19.8
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 108 in 2007 from 106 in 2006.
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

Program and Financing (in millions of dollars)

Federal Funds
2005 actual

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Identification code 86–0144–0–1–751

2006 est.

2007 est.

General and special funds:
LEAD HAZARD REDUCTION

00.01
00.02

Obligations by program activity:
Fair housing assistance ................................................
Fair housing initiatives ..................................................

24
21

25
22

26
22

10.00

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

21.40
22.00
22.10

8
46

10
46

9
45

23.90
23.95
23.98

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

24.40

Unobligated balance carried forward, end of year

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
40.35
Appropriation permanently reduced ..........................
43.00

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

72.40
73.10
73.20
73.45

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56
56
54
¥45
¥47
¥48
¥1 ................... ...................
10

47
46
45
¥1 ................... ...................
46

65
61
62
45
47
48
¥47
¥46
¥46
¥2 ................... ...................
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For the Lead Hazard Reduction Program, as authorized by section
1011 of the Residential Lead-Based Paint Hazard Reduction Act of
1992, ø$152,000,000¿ $114,840,000, to remain available until September 30, ø2007¿ 2008, of which ø$9,500,000¿ $8,712,000 shall be
for the Healthy Homes Initiative, pursuant to sections 501 and 502
of the Housing and Urban Development Act of 1970 that shall include
research, studies, testing, and demonstration efforts, including education and outreach concerning lead-based paint poisoning and other
housing-related diseases and hazards: Provided, That for purposes
of environmental review, pursuant to the National Environmental
Policy Act of 1969 (42 U.S.C. 4321 et seq.) and other provisions
of law that further the purposes of such Act, a grant under the
Healthy Homes Initiative, Operation Lead Elimination Action Plan
(LEAP), or the Lead Technical Studies program under this heading
or under prior appropriations Acts for such purposes under this heading, shall be considered to be funds for a special project for purposes
of section 305(c) of the Multifamily Housing Property Disposition
Reform Act of 1994ø: Provided further, That of the total amount
made available under this heading, $48,000,000 shall be made available on a competitive basis for areas with the highest lead paint
abatement needs, as identified by the Secretary as having: (1) the
highest number of occupied pre-1940 units of rental housing; and
(2) a disproportionately high number of documented cases of leadpoisoned children: Provided further, That each grantee receiving
funds under the previous proviso shall target those privately owned
units and multifamily buildings that are occupied by low-income famiSfmt 3616

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HUD

MANAGEMENT AND ADMINISTRATION
Federal Funds

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
lies as defined under section 3(b)(2) of the United States Housing
Act of 1937: Provided further, That not less than 90 percent of the
funds made available under this paragraph shall be used exclusively
for abatement, inspections, risk assessments, temporary relocations
and interim control of lead-based hazards as defined by 42 U.S.C.
4851: Provided further, That each recipient of funds provided under
the first proviso shall make a matching contribution in an amount
not less than 25 percent: Provided further, That each applicant shall
submit a detailed plan and strategy that demonstrates adequate capacity that is acceptable to the Secretary to carry out the proposed
use of funds pursuant to a Notice of Funding Availability¿. (Department of Housing and Urban Development Appropriations Act, 2006.)
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0174–0–1–451

2006 est.

2007 est.

00.01

Obligations by program activity:
Lead abatement .............................................................

211

165

10.00

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

211

165

21.40
22.00
22.10

10
167

159
150

98
115

ment of a housing maintenance and rehabilitation workforce
trained in lead-safe work practices and a certified hazard
evaluation and control industry. In awarding grants, HUD
promotes the use of new, low cost approaches to hazard control that can be replicated across the nation.
The Healthy Homes Initiative will enable the Department
to assess and control housing-related hazards that contribute
to childhood diseases and injuries. The initiative will demonstrate and evaluate methods for controlling two or more
housing related diseases through a single intervention. A public education/outreach effort, that enables the public to act
effectively to protect their children from exposure to hazards,
will also be conducted.
The Office of Healthy Homes and Lead Hazard Control
will continue its Technical Support program, which will include public education; technical assistance for State and local
agencies, private property owners, HUD programs and field
offices and professional organizations; quality control to ensure that the evaluation and control of lead-based paint hazards is done properly in HUD-assisted housing; and development of standards, technical guidance, regulations and improved testing and hazard control methods.
f

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

23.90
23.95

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

189
¥29

309
¥211

213
¥165

24.40

Unobligated balance carried forward, end of year

159

575

MANAGEMENT AND ADMINISTRATION
Federal Funds
General and special funds:

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
168
152
115
40.33
Appropriation permanently reduced (P.L. 109–148) ...................
¥2 ...................
40.35
Appropriation permanently reduced ..........................
¥1 ................... ...................
43.00

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

72.40
73.10
73.20
73.40
73.45

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

74.40

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

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86.90
86.93

167

150

115

429
313
385
29
211
165
¥133
¥139
¥150
¥1 ................... ...................
¥12 ................... ...................
313

385

400

Outlays (gross), detail:
Outlays from new discretionary authority ..................... ...................
Outlays from discretionary balances .............................
133

3
136

2
148

87.00

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

133

139

150

89.00
90.00

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

167
133

150
139

115
150

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 2007 Budget includes
$91.67 million for HUD’s Lead Hazard Control Program competitive grants and $8.71 million for operation LEAP. The
Technical Support Program is funded at $5.74 million and
the Healthy Homes Initiative is funded at $8.71 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 million to $2.5 million to State and local governments
and Indian tribes for control of lead-based paint hazards in
privately owned, low-income owner-occupied and rental housing. The grants are also designed to stimulate the developVerDate Aug 31 2005

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SALARIES

AND

EXPENSES

(INCLUDING TRANSFER OF FUNDS)

For necessary administrative and non-administrative expenses of
the Department of Housing and Urban Development, not otherwise
provided for, including purchase of uniforms, or allowances therefore,
as authorized by 5 U.S.C. 5901–5902; hire of passenger motor vehicles; services as authorized by 5 U.S.C. 3109; and not to exceed
$25,000 for official reception and representation expenses,
ø$1,153,285,000¿
$1,161,800,000,
of
which
ø$562,400,000¿
$556,776,000 shall be provided from the various funds of the Federal
Housing Administration, ø$10,700,000¿ $10,593,000 shall be provided
from funds of the Government National Mortgage Association,
ø$750,000 shall be from the ‘‘community development loan guarantee
program’’ account, $150,000¿ $148,500 shall be provided by transfer
from the ‘‘Native American housing block grants’’ account, ø$250,000¿
$247,500 shall be provided by transfer from the ‘‘Indian housing
loan guarantee fund program’’ account and $35,000 shall be transferred from the ‘‘Native Hawaiian housing loan guarantee fund’’ account: Provided, That øfunds made available under this heading shall
only be allocated in the manner specified in the statement of the
managers accompanying this Act unless the Committees on Appropriations of both the House of Representatives and the Senate are
notified of any changes in an operating plan or reprogramming: Provided further, That¿ no official or employee of the Department shall
be designated as an allotment holder unless the Office of the Chief
Financial Officer (OCFO) has determined that such allotment holder
has implemented an adequate system of funds control and has received training in funds control procedures and directives: Provided
further, That the Chief Financial Officer shall establish positive control of and maintain adequate systems of accounting for appropriations and other available funds as required by 31 U.S.C. 1514: Provided further, That for purposes of funds control and determining
whether a violation exists under the Anti-Deficiency Act (31 U.S.C.
1341 et seq.), the point of obligation shall be the executed agreement
or contract, except with respect to insurance and guarantee programs,
certain types of salaries and expenses funding, and incremental funding that is authorized under an executed agreement or contract, and
shall be designated in the approved funds control plan: Provided
further, That the Chief Financial Officer shall: (1) appoint qualified
personnel to conduct investigations of potential or actual violations;
(2) establish minimum training requirements and other qualifications
for personnel that may be appointed to conduct investigations; (3)
establish guidelines and timeframes for the conduct and completion
of investigations; (4) prescribe the content, format and other requirements for the submission of final reports on violations; and (5) prescribe such additional policies and procedures as may be required
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HUD

576

MANAGEMENT AND ADMINISTRATION—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007
Outlays .................................................................................... .................... ....................

General and special funds—Continued
SALARIES

AND

EXPENSES—Continued

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

(INCLUDING TRANSFER OF FUNDS)—Continued

for conducting investigations of, and administering, processing, and
reporting on, potential and actual violations of the Anti-Deficiency
Act and all other statutes and regulations governing the obligation
and expenditure of funds made available in this or any other Actø:
Provided further, That up to $15,000,000 may be transferred to the
Working Capital Fund: Provided further, That the Secretary shall
fill 7 out of 10 vacancies at the GS–14 and GS–15 levels until the
total number of GS–14 and GS–15 positions in the Department has
been reduced from the number of GS–14 and GS–15 positions on
the date of enactment of Public Law 106–377 by 21⁄2 percent¿. (Department of Housing and Urban Development Appropriations Act,
2006.)

2006 est.

2007 est.

Direct program:
Direct program:
00.01
Housing, mortgage credit, regulatory and energy
conservation ..........................................................
00.02
Community planning and development programs
00.03
Equal opportunity and research programs ...............
00.04
Departmental management, legal and audit services ........................................................................
00.05
Field direction and administration ...........................
09.01 Reimbursable program ..................................................

243
42
43

257
44
46

266
46
48

49
164
571

52
174
569

54
180
568

09.99

Total reimbursable program ......................................

571

569

568

10.00

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

1,112

1,142

1,162

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

1,116
1,142
1,162
¥1,112
¥1,142
¥1,162
¥5 ................... ...................

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
547
579
594
40.33
Appropriation permanently reduced (P.L. 109–148) ...................
¥6 ...................
40.35
Appropriation permanently reduced ..........................
¥4 ................... ...................
43.00

Appropriation (total discretionary) ........................
Discretionary:
Spending authority from offsetting collections: Offsetting collections (cash) .....................................

543

573

569

568

70.00

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

1,116

1,142

1,162

72.40
73.10
73.20
73.40

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

74.40

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

117

133

137

86.90
86.93

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

991
127

1,010
116

1,026
132

87.00

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

1,118

1,126

1,158

68.00

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Offsets:
Against gross budget authority and outlays:
88.00
Offsetting collections (cash) from: Federal sources
Net budget authority and outlays:
89.00 Budget authority ............................................................
90.00 Outlays ...........................................................................

573

594

2005 actual

11.1
11.3
11.5

Direct obligations:
Personnel compensation:
Full-time permanent .............................................
Other than full-time permanent ...........................
Other personnel compensation .............................

11.9
12.1
21.0
23.1
23.3

543
545

¥569

573
557

2006 est.

339
3
7

360
4
7

2007 est.

374
4
8

Total personnel compensation .........................
349
371
386
Civilian personnel benefits .......................................
87
92
96
Travel and transportation of persons .......................
8
8
8
Rental payments to GSA ...........................................
47
52
53
Communications, utilities, and miscellaneous
charges .................................................................
12
14
13
Printing and reproduction .........................................
3
2
2
Advisory and assistance services .............................
25
25
26
Other services ............................................................
1
1
1
Other purchases of goods and services from Government accounts .................................................
1 ................... ...................
Operation and maintenance of facilities ..................
4
4
4
Operation and maintenance of equipment ............... ................... ...................
1
Supplies and materials .............................................
2
2
2
Equipment .................................................................
2
2
1
Insurance claims and indemnities ........................... ................... ...................
1

24.0
25.1
25.2
25.3
25.4
25.7
26.0
31.0
42.0
99.0
99.0

Direct obligations ..................................................
Reimbursable obligations ..............................................

541
571

573
569

594
568

99.9

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

1,112

1,142

1,162

Personnel Summary
2005 actual

Identification code 86–0143–0–1–999

Direct:
1001 Civilian full-time equivalent employment .....................
Reimbursable:
2001 Civilian full-time equivalent employment .....................

SALARIES

129
117
133
1,112
1,142
1,162
¥1,118
¥1,126
¥1,158
¥6 ................... ...................

¥573

588
584

Object Classification (in millions of dollars)
Identification code 86–0143–0–1–999

2005 actual

573
557

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.

Program and Financing (in millions of dollars)
Identification code 86–0143–0–1–999

543
545

–6

AND

2006 est.

2007 est.

4,252

4,183

4,136

4,490

4,417

4,369

EXPENSES

(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
2005 actual

Identification code 86–0143–2–1–999

2006 est.

2007 est.

01.01

Direct program:
Direct Program Activity .................................................. ................... ...................

¥6

10.00

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

¥6

22.00
23.95

¥6
6

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

¥6

73.10
73.20

¥6
6

594
590

86.90

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

¥6

–6

89.00

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

¥6

¥568

594
590

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

Enacted/requested:
2005 actual
2006 est.
Budget Authority .....................................................................
543
573
Outlays ....................................................................................
545
557
Legislative proposal, not subject to PAYGO:
Budget Authority ..................................................................... .................... ....................
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HUD

MANAGEMENT AND ADMINISTRATION—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
90.00

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

¥6

Upon enactment of the Budget proposal for a strengthened
regulator for Government-sponsored enterprises (GSEs), it is
expected that the cost of HUD’s responsibilities under the
Federal Housing Enterprise Safety and Soundness Act of
1992, and amendments as proposed, would be assessed on
Fannie Mae and Freddie Mac. These responsibilities include
the establishment and enforcement of affordable housing goals
for the GSEs, ensuring GSE compliance with fair housing
laws, and providing consultation to the safety and soundness
regulator on the GSEs new activities. The cost of these regulatory responsibilities is currently in HUD Salaries and Expenses as a non-reimbursable expense.
Object Classification (in millions of dollars)
2005 actual

Identification code 86–0143–2–1–999

2006 est.

2007 est.

11.1
12.1
25.1

Personnel compensation: Full-time permanent ............. ................... ...................
Civilian personnel benefits ............................................ ................... ...................
Advisory and assistance services .................................. ................... ...................

¥3
¥1
¥2

99.9

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

¥6

Personnel Summary

1001

2006 est.

Direct:
Civilian full-time equivalent employment ..................... ................... ...................

¥32

INSPECTOR GENERAL

(INCLUDING TRANSFER OF FUNDS)

For necessary expenses of the Office of Inspector General in carrying out the Inspector General Act of 1978, as amended,
ø$106,000,000¿ $107,000,000, of which ø$24,000,000¿ $23,760,000
shall be provided from the various funds of the Federal Housing
Administrationø: Provided, That the Inspector General shall have
independent authority over all personnel issues within this office¿.
(Department of Housing and Urban Development Appropriations Act,
2006.)

2005 actual

2006 est.

2007 est.

00.01
09.01

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

79
24

81
24

83
24

10.00

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

103

105

107

22.00
23.95

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

103
¥103

105
¥105

cprice-sewell on PROD1PC66 with BUDGET PAG

70.00

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

103

105

107

72.40
73.10
73.20
73.40

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

74.40

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

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88
19

87.00

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

102

107

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

¥24

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

79
78

81
78

83
83

89.00
90.00

This appropriation provides agency wide audit and investigative functions to identify and correct management and
administrative deficiencies that create conditions for existing
or potential instances of fraud, waste and mismanagement.
The audit function provides internal audit and contract audit.
Internal audits review and evaluate all facets of agency operations. The investigative function provides for the detection
and investigation of improper and illegal activities involving
programs, personnel, and operations.
Object Classification (in millions of dollars)
2005 actual

2006 est.

2007 est.

11.1
11.5

Direct obligations:
Personnel compensation:
Full-time permanent .............................................
Other personnel compensation .............................

11.9
12.1
21.0
23.1
25.1
25.2
26.0

Total personnel compensation .........................
Civilian personnel benefits .......................................
Travel and transportation of persons .......................
Rental payments to GSA ...........................................
Advisory and assistance services .............................
Other services ............................................................
Supplies and materials .............................................

99.0
99.0

Direct obligations ..................................................
Reimbursable obligations ..............................................

79
24

81
24

83
24

99.9

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

103

105

107

40
4

43
4

45
4

44
47
49
13
14
14
3
4
4
7
6
6
10
9
9
1
1
1
1 ................... ...................

Personnel Summary
2005 actual

Direct:
1001 Civilian full-time equivalent employment .....................
Reimbursable:
2001 Civilian full-time equivalent employment .....................

2006 est.

2007 est.

495

493

490

142

141

140

GSE REGULATION

107
¥107

Appropriation (total discretionary) ........................
Discretionary:
Spending authority from offsetting collections: Offsetting collections (cash) .....................................

68.00

86
16

(Legislative proposal, not subject to PAYGO)

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
80
82
83
40.33
Appropriation permanently reduced (P.L. 109–148) ...................
¥1 ...................
40.35
Appropriation permanently reduced ..........................
¥1 ................... ...................
43.00

88
14

Identification code 86–0189–0–1–451

Program and Financing (in millions of dollars)
Identification code 86–0189–0–1–451

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

2007 est.

OFFICE

86.90
86.93

Identification code 86–0189–0–1–451
2005 actual

Identification code 86–0143–2–1–999

577

PO 00000

Frm 00049

Fmt 3616

2005 actual

Identification code 86–0142–2–1–371

2006 est.

2007 est.

09.00

Obligations by program activity:
GSE regulation expenses ............................................... ................... ...................

10.00

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

22.00
23.95

6
¥6

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

6
¥6

19
16
19
103
105
107
¥102
¥102
¥107
¥4 ................... ...................
16

Program and Financing (in millions of dollars)

73.10
73.20

Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

578

MANAGEMENT AND ADMINISTRATION—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007
07.99

General and special funds—Continued

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

GSE REGULATION—Continued
Program and Financing (in millions of dollars)
Program and Financing (in millions of dollars)—Continued
2005 actual

Identification code 86–5272–0–2–371
2005 actual

Identification code 86–0142–2–1–371

2006 est.

Outlays (gross), detail:
86.97 Outlays from new mandatory authority ......................... ................... ...................
Offsets:
Against gross budget authority and outlays:
88.40
Offsetting collections (cash) from: Non-Federal
sources .................................................................. ................... ...................

89.00
90.00

¥6

Object Classification (in millions of dollars)
2005 actual

2006 est.

2007 est.

99.0

Reimbursable obligations: Reimbursable obligations ... ................... ...................

99.9

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

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

64
¥64

60
¥60

62
¥62

24.40

2005 actual

2001

2006 est.

Reimbursable:
Civilian full-time equivalent employment ..................... ................... ...................

2007 est.

OFFICE

FEDERAL HOUSING ENTERPRISE OVERSIGHT

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

New budget authority (gross), detail:
Discretionary:
40.20
Appropriation (special fund) .....................................

72.40
73.10
73.20

8
64
¥48

24
60
¥70

14
62
¥62

74.40

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

86.90
86.93

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

41
7

52
18

54
8

87.00

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

89.00
90.00

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

64
48

60
70

62
62

Personnel Summary
Identification code 86–0142–2–1–371

SALARIES AND EXPENSES

Summary of Budget Authority and Outlays

(INCLUDING TRANSFER OF FUNDS)

(in millions of dollars)

øFor carrying out the Federal Housing Enterprises Financial Safety
and Soundness Act of 1992, including not to exceed $500 for official
reception and representation expenses, $60,000,000, to remain available until expended, to be derived from the Federal Housing Enterprises Oversight Fund: Provided, That the Director shall submit a
spending plan for the amounts provided under this heading no later
than January 15, 2006: Provided further, That not less than 80 percent of the total amount made available under this heading shall
be used only for examination, supervision, and capital oversight of
the enterprises (as such term is defined in section 1303 of the Federal
Housing Enterprises Financial Safety and Soundness Act of 1992
(12 U.S.C. 4502)) to ensure that the enterprises are operating in
a financially safe and sound manner and complying with the capital
requirements under Subtitle B of such Act: Provided further, That
not to exceed the amount provided herein shall be available from
the general fund of the Treasury to the extent necessary to incur
obligations and make expenditures pending the receipt of collections
to the Fund: Provided further, That the general fund amount shall
be reduced as collections are received during the fiscal year so as
to result in a final appropriation from the general fund estimated
at not more than $0.¿ (Department of Housing and Urban Development Appropriations Act, 2006.)
Special and Trust Fund Receipts (in millions of dollars)
2005 actual

Identification code 86–5272–0–2–371

01.00

2007 est.

Identification code 86–0142–2–1–371

2006 est.

2007 est.

2006 est.

2007 est.

Enacted/requested:
2005 actual
2006 est.
Budget Authority .....................................................................
64
60
Outlays ....................................................................................
48
70
Legislative proposal, not subject to PAYGO:
Budget Authority ..................................................................... .................... ....................
Outlays .................................................................................... .................... ....................
Total:
Budget Authority .....................................................................
Outlays ....................................................................................

64
48

2007 est.

62
62
–62
–62

60 ....................
70 ....................

The Office of Federal Housing Enterprise Oversight
(OFHEO) was authorized in the Federal Housing Enterprise
Safety and Soundness Act of 1992. OFHED was established
in 1992 to regulate the financial safety and soundness of
two housing Government-sponsored enterprises (GSEs)—
Fannie Mae and Freddie Mac. OFHEO is required to ensure
that the GSEs meet capital standards, and to conduct onsite
annual examinations at the GSEs for the purpose for ensuring
their financial safety and soundness.
The Budget proposes a new strengthened housing GSE regulator as an independent agency. All OFHEO resources would
be transferred to it. The Administration continues to support
direct funding of these activities with mandatory assessments
on Fannie Mae and Freddie Mac.

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

Object Classification (in millions of dollars)
cprice-sewell on PROD1PC66 with BUDGET PAG

01.99

Balance, start of year .................................................... ................... ................... ...................
Receipts:
02.00 Office of Federal Housing Enterprise Oversight ............
64
60
62
02.01 Office of Federal Housing Enterprise Oversight—legislative proposal not subject to PAYGO ....................... ................... ...................
¥62
02.99

Total receipts and collections ...................................
64
60 ...................
Appropriations:
05.00 Office of Federal Housing Enterprise Oversight ............
¥64
¥60
¥62
05.01 Office of Federal Housing Enterprise Oversight—legislative proposal not subject to PAYGO ....................... ................... ...................
62
05.99

Total appropriations ..................................................

VerDate Aug 31 2005

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¥64
PO 00000

¥60 ...................
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2005 actual

Identification code 86–5272–0–2–371

2006 est.

2007 est.

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

24
6
5
17
9
2

32
33
7
9
5
6
7
8
6
4
1 ...................

99.0
99.5

Direct obligations ..................................................
Below reporting threshold ..............................................

63
1

58
2

Sfmt 3643

E:\BUDGET\HUD.XXX

HUD

60
2

MANAGEMENT AND ADMINISTRATION—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
99.9

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

Personnel Summary
2005 actual

Identification code 86–5272–0–2–371

Direct:
1001 Civilian full-time equivalent employment .....................

2006 est.

198

2007 est.

251

256

OFFICE

FEDERAL HOUSING, ENTERPRISE OVERSIGHT
SALARIES

AND

tinuing operation and maintenance of both Department-wide and program-specific information systems, and for program-related development activities, ø$197,000,000¿ $219,780,000, to remain available
until September 30, ø2007¿ 2008: Provided, That any amounts transferred to this Fund under this Act shall remain available until expended: Provided further, That any amounts transferred to this Fund
from amounts appropriated by previously enacted appropriations Acts
or from within this Act may be used only for the purposes specified
under this Fund, in addition to the purposes for which such amounts
were appropriated. (Department of Housing and Urban Development
Appropriations Act, 2006.)
Program and Financing (in millions of dollars)

EXPENSES

(Legislative proposal, not subject to PAYGO)

2005 actual

2006 est.

2007 est.

00.01

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

¥62

10.00

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

¥62

22.00
23.95

¥62
62

24.40

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

New budget authority (gross), detail:
Discretionary:
40.20
Appropriation (special fund) ..................................... ................... ...................

¥62

73.10
73.20
73.31

¥62
62
¥14

74.40

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

¥14

86.90
86.93

¥54
¥8

87.00

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

¥62

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

2005 actual

2006 est.

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

2007 est.

11.1
12.1
23.2
25.2
31.0

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

¥33
¥9
¥6
¥8
¥4

99.0
99.5

Direct obligations .................................................. ................... ...................
Below reporting threshold .............................................. ................... ...................

¥60
¥2

99.9

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

¥62

Personnel Summary
2005 actual

cprice-sewell on PROD1PC66 with BUDGET PAG

Identification code 86–5272–2–2–371

2006 est.

Direct:
1001 Civilian full-time equivalent employment ..................... ................... ...................

2007 est.

WORKING CAPITAL FUND
For additional capital for the Working Capital Fund (42 U.S.C.
3535) for the development of, modifications to, and infrastructure
for Department-wide information technology systems, for the con12:00 Jan 26, 2006

Jkt 206762

199
57

222
79

10.00

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

344

256

301

21.40
22.00
22.10

32
315

20
246

22
289

23.90
23.95

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

364
¥344

278
¥256

323
¥301

24.40

Unobligated balance carried forward, end of year

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
270
197
220
40.33
Appropriation permanently reduced (P.L. 109–148) ...................
¥2 ...................
40.35
Appropriation permanently reduced ..........................
¥2 ................... ...................

68.00
68.10

PO 00000

Frm 00051

Fmt 3616

Appropriation (total discretionary) ........................
Spending authority from offsetting collections:
Discretionary:
Offsetting collections (cash) ................................
Change in uncollected customer payments from
Federal sources (unexpired) .............................

268

195

220

¥8 ................... ...................

68.90

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

70.00

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

315

246

289

72.40
73.10
73.20
73.45
74.00

240
344
¥317
¥17

258
256
¥264
¥12

238
301
¥275
¥12

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

74.40

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

258

238

252

86.90
86.93

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

138
179

176
88

204
71

87.00

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

317

264

275

¥55

¥51

¥69

Offsets:
Against gross budget authority and outlays:
88.00
Offsetting collections (cash) from: Federal sources
Against gross budget authority only:
88.95
Change in uncollected customer payments from
Federal sources (unexpired) ..................................

89.00
90.00

Intragovernmental funds:

VerDate Aug 31 2005

273
71

¥256

2007 est.

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

¥62
¥62

2006 est.

00.01
09.01

43.00

Object Classification (in millions of dollars)
Identification code 86–5272–2–2–371

2005 actual

Identification code 86–4586–0–4–451

Program and Financing (in millions of dollars)
Identification code 86–5272–2–2–371

579

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

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

268
262

195
213

220
206

The Working Capital Fund, authorized by the Department
of Housing and Urban Development Act of 1965, finances
information technology and office automation initiatives which
can be performed more efficiently on a centralized basis. Since
2003, a direct appropriation has been requested for the operSfmt 3616

E:\BUDGET\HUD.XXX

HUD

580

MANAGEMENT AND ADMINISTRATION—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007

Intragovernmental funds—Continued
WORKING CAPITAL FUND—Continued

ations of the computer system and for development and modifications of Department-wide systems. Fees have continued
for services to develop and modify systems where the benefit
is limited to a specific program.
Object Classification (in millions of dollars)
2005 actual

Identification code 86–4586–0–4–451

11.1
12.1
21.0
23.3

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

2006 est.

2007 est.

32
8
2

35
7
2

35
9
2

5
212
1
13

5
139
1
10

5
160
1
10

273

199

222

25.1

Direct obligations ..................................................
Reimbursable obligations:
Advisory and assistance services .............................

99.0

Reimbursable obligations .....................................

99.9

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

344

256

301

25.1
26.0
31.0
99.0

Personnel Summary
2005 actual

Identification code 86–4586–0–4–451

Direct:
1001 Civilian full-time equivalent employment .....................

344

2006 est.

347

2007 est.

314

cprice-sewell on PROD1PC66 with BUDGET PAG

ADMINISTRATIVE PROVISIONS
SEC. 301. Fifty percent of the amounts of budget authority, or
in lieu thereof 50 percent of the cash amounts associated with such
budget authority, that are recaptured from projects described in section 1012(a) of the Stewart B. McKinney Homeless Assistance
Amendments Act of 1988 (42 U.S.C. 1437 note) shall be rescinded,
or in the case of cash, shall be remitted to the Treasury, and such
amounts of budget authority or cash recaptured and not rescinded
or remitted to the Treasury shall be used by State housing finance
agencies or local governments or local housing agencies with projects
approved by the Secretary of Housing and Urban Development for
which settlement occurred after January 1, 1992, in accordance with
such section. Notwithstanding the previous sentence, the Secretary
may award up to 15 percent of the budget authority or cash recaptured and not rescinded or remitted to the Treasury to provide project
owners with incentives to refinance their project at a lower interest
rate.
SEC. 302. None of the amounts made available under this Act
may be used during fiscal year ø2006¿ 2007 to investigate or prosecute under the Fair Housing Act any otherwise lawful activity engaged in by one or more persons, including the filing or maintaining
of a non-frivolous legal action, that is engaged in solely for the purpose of achieving or preventing action by a Government official or
entity, or a court of competent jurisdiction.
SEC. 303. (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 ø2006¿ 2007
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 ø2006¿
2007 under such clause (ii) because the areas in the State outside
of the metropolitan statistical areas that qualify under clause (i)
in fiscal year ø2006¿ 2007 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 metropoliVerDate Aug 31 2005

12:00 Jan 26, 2006

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Fmt 3616

tan statistical areas that qualify under clause (i) of such section
854(c)(1)(A) in fiscal year ø2006¿ 2007, in proportion to AIDS cases
among cities and States that qualify under clauses (i) and (ii) of
such section and States deemed eligible under subsection (a).
(c) Notwithstanding any other provision of law, the amount allocated for fiscal year ø2006¿ 2007 under section 854(c) of the AIDS
Housing Opportunity Act (42 U.S.C. 12903(c)), to the City of New
York, New York, on behalf of the New York-Wayne-White Plains,
New York-New Jersey Metropolitan Division (hereafter ‘‘metropolitan
division’’) of the New York-Newark-Edison, NY-NJ-PA Metropolitan
Statistical Area, shall be adjusted by the Secretary of Housing and
Urban Development by: (1) allocating to the City of Jersey City,
New Jersey, the proportion of the metropolitan area’s or division’s
amount that is based on the number of cases of AIDS reported in
the portion of the metropolitan area or division that is located in
Hudson County, New Jersey, and adjusting for the proportion of
the metropolitan division’s high incidence bonus if this area in New
Jersey also has a higher than average per capita incidence of AIDS;
and (2) allocating to the City of Paterson, New Jersey, the proportion
of the metropolitan area’s or division’s amount that is based on the
number of cases of AIDS reported in the portion of the metropolitan
area or division that is located in Bergen County and Passaic County,
New Jersey, and adjusting for the proportion of the metropolitan
division’s high incidence bonus if this area in New Jersey also has
a higher than average per capita incidence of AIDS. The recipient
cities shall use amounts allocated under this subsection to carry
out eligible activities under section 855 of the AIDS Housing Opportunity Act (42 U.S.C. 12904) in their respective portions of the metropolitan division that is located in New Jersey.
(d) Notwithstanding any other provision of law, the amount allocated for fiscal year ø2006¿ 2007 under section 854(c) of the AIDS
Housing Opportunity Act (42 U.S.C. 12903(c)) to areas with a higher
than average per capita incidence of AIDS, shall be adjusted by
the Secretary on the basis of area incidence reported over a three
year period.
SEC. 304. (a) During fiscal year ø2006¿ 2007, 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 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.
SEC. 305. Except as explicitly provided in law, any grant, cooperative agreement or other assistance made pursuant to title III of
this Act shall be made on a competitive basis and in accordance
with section 102 of the Department of Housing and Urban Development Reform Act of 1989.
øSEC. 306. Funds of the Department of Housing and Urban Development subject to the Government Corporation Control Act or section
402 of the Housing Act of 1950 shall be available, without regard
to the limitations on administrative expenses, for legal services on
a contract or fee basis, and for utilizing and making payment for
services and facilities of the Federal National Mortgage Association,
Government National Mortgage Association, Federal Home Loan
Mortgage Corporation, Federal Financing Bank, Federal Reserve
banks or any member thereof, Federal Home Loan banks, and any
insured bank within the meaning of the Federal Deposit Insurance
Corporation Act, as amended (12 U.S.C. 1811–1831).¿
SEC. ø307¿ 306. Unless otherwise provided for in this Act or
through a reprogramming of funds, no part of any appropriation
for the Department of Housing and Urban Development shall be
available for any program, project or activity in excess of amounts
set forth in the budget estimates submitted to Congress.
SEC. ø308¿ 307. Corporations and agencies of the Department of
Housing and Urban Development which are subject to the Government Corporation Control Act, as amended, are hereby authorized
to make such expenditures, within the limits of funds and borrowing
authority available to each such corporation or agency and in accordance with law, and to make such contracts and commitments without
regard to fiscal year limitations as provided by section 104 of such
Act as may be necessary in carrying out the programs set forth
Sfmt 3616

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HUD

MANAGEMENT AND ADMINISTRATION—Continued
Federal Funds—Continued

cprice-sewell on PROD1PC66 with BUDGET PAG

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
in the budget for ø2006¿ 2007 for such corporation or agency except
as hereinafter provided: Provided, That collections of these corporations and agencies may be used for new loan or mortgage purchase
commitments only to the extent expressly provided for in this Act
(unless such loans are in support of other forms of assistance provided
for in this or prior appropriations Acts), except that this proviso
shall not apply to the mortgage insurance or guaranty operations
of these corporations, or where loans or mortgage purchases are necessary to protect the financial interest of the United States Government.
SEC. ø309¿ 308. None of the funds provided in this title for technical assistance, training, or management improvements may be obligated or expended unless HUD provides to the Committees on Appropriations a description of each proposed activity and a detailed budget
estimate of the costs associated with each program, project or activity
as part of the Budget Justifications. For fiscal year ø2006¿ 2007,
HUD shall transmit this information to the Committees by March
15, ø2006¿ 2007 for 30 days of review.
SEC. ø310¿ 309. The Secretary of Housing and Urban Development
shall provide quarterly reports to the House and Senate Committees
on Appropriations regarding all uncommitted, unobligated, recaptured
and excess funds in each program and activity within the jurisdiction
of the Department and shall submit additional, updated budget information to these Committees upon request.
øSEC. 311. Notwithstanding any other provision of law, in fiscal
year 2006, in managing and disposing of any multifamily property
that is owned or held by the Secretary of Housing and Urban Development, the Secretary shall maintain any rental assistance payments
under section 8 of the United States Housing Act of 1937 that are
attached to any dwelling units in the property. To the extent the
Secretary determines that such a multifamily property owned or held
by the Secretary is not feasible for continued rental assistance payments under such section 8, based on consideration of the costs of
maintaining such payments for that property or other factors, the
Secretary may, in consultation with the tenants of that property,
contract for project-based rental assistance payments with an owner
or owners of other existing housing properties, or provide other rental
assistance.¿
SEC. ø312¿ 310. (a) Notwithstanding any other provision of law,
the amount allocated for fiscal year ø2006¿ 2007 under section 854(c)
of the AIDS Housing Opportunity Act (42 U.S.C. 12903(c)), to the
City of Wilmington, Delaware, on behalf of the Wilmington, Delaware-Maryland-New Jersey Metropolitan Division (hereafter ‘‘metropolitan division’’), shall be adjusted by the Secretary of Housing and
Urban Development by allocating to the State of New Jersey the
proportion of the metropolitan division’s amount that is based on
the number of cases of AIDS reported in the portion of the metropolitan division that is located in New Jersey, and adjusting for the
proportion of the metropolitan division’s high incidence bonus if this
area in New Jersey also has a higher than average per capita incidence of AIDS. The State of New Jersey shall use amounts allocated
to the State under this subsection to carry out eligible activities
under section 855 of the AIDS Housing Opportunity Act (42 U.S.C.
12904) in the portion of the metropolitan division that is located
in New Jersey.
(b) Notwithstanding any other provision of law, the Secretary of
Housing and Urban Development shall allocate to Wake County,
North Carolina, the amounts that otherwise would be allocated for
fiscal year ø2006¿ 2007 under section 854(c) of the AIDS Housing
Opportunity Act (42 U.S.C. 12903(c)) to the City of Raleigh, North
Carolina, on behalf of the Raleigh-Cary, North Carolina Metropolitan
Statistical Area. Any amounts allocated to Wake County shall be
used to carry out eligible activities under section 855 of such Act
(42 U.S.C. 12904) within such metropolitan statistical area.
(c) Notwithstanding section 854(c) of the AIDS Housing Opportunity Act (42 U.S.C. 12903(c)), the Secretary of Housing and Urban
Development may adjust the allocation of the amounts that otherwise
would be allocated for fiscal year ø2006¿ 2007 under section 854(c)
of such Act, upon the written request of an applicant, in conjunction
with the State(s), for a formula allocation on behalf of a metropolitan
statistical area, to designate the State or States in which the metropolitan statistical area is located as the eligible grantee(s) of the
allocation. In the case that a metropolitan statistical area involves
more than one State, such amounts allocated to each State shall
be in proportion to the number of cases of AIDS reported in the
portion of the metropolitan statistical area located in that State.
Any amounts allocated to a State under this section shall be used
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to carry out eligible activities within the portion of the metropolitan
statistical area located in that State.
øSEC. 313. Notwithstanding any other provision of law, for this
fiscal year and every fiscal year thereafter, funds appropriated for
housing for the elderly, as authorized by section 202 of the Housing
Act of 1959, as amended, and for supportive housing for persons
with disabilities, as authorized by section 811 of the Cranston-Gonzalez National Affordable Housing Act, shall be available for the
cost of maintaining and disposing of such properties that are acquired
or otherwise become the responsibility of the Department.¿
øSEC. 314. The Secretary of Housing and Urban Development shall
submit an annual report no later than August 30, 2006 and annually
thereafter to the House and Senate Committees on Appropriations
regarding the number of Federally assisted units under lease and
the per unit cost of these units to the Department of Housing and
Urban Development.¿
øSEC. 315. The Department of Housing and Urban Development
shall submit the Department’s fiscal year 2007 congressional budget
justifications to the Committees on Appropriations of the House of
Representatives and the Senate using the identical structure provided
under this Act and only in accordance with the direction specified
in the report accompanying this Act.¿
SEC. ø316¿ 311. That incremental vouchers previously made available under the heading ‘‘Housing Certificate Fund’’ or renewed under
the heading, ‘‘Tenant-Based Rental Assistance,’’ for non-elderly disabled families shall, to the extent practicable, continue to be provided
to non-elderly disabled families upon turnover.
SEC. ø317¿ 312. A public housing agency or such other entity that
administers Federal housing assistance in the States of Alaska, Iowa,
and Mississippi shall not be required to include a resident of public
housing or a recipient of assistance provided under section 8 of the
United States Housing Act of 1937 on the board of directors or a
similar governing board of such agency or entity as required under
section (2)(b) of such Act. Each public housing agency or other entity
that administers Federal housing assistance under section 8 in the
States of Alaska, Iowa and Mississippi shall establish an advisory
board of not less than 6 residents of public housing or recipients
of section 8 assistance to provide advice and comment to the public
housing agency or other administering entity on issues related to
public housing and section 8. Such advisory board shall meet not
less than quarterly.
øSEC. 318. (a) Notwithstanding any other provision of law, subject
to the conditions listed in subsection (b), for fiscal years 2006 and
2007, the Secretary may authorize the transfer of project-based assistance, debt and statutorily required low-income and very low-income
use restrictions, associated with one multifamily housing project to
another multifamily housing project.
(b) The transfer authorized in subsection (a) is subject to the following conditions:
(1) the number of low-income and very low-income units and
the net dollar amount of Federal assistance provided by the transferring project shall remain the same in the receiving project;
(2) the transferring project shall, as determined by the Secretary,
be either physically obsolete or economically non-viable;
(3) the receiving project shall meet or exceed applicable physical
standards established by the Secretary;
(4) the owner or mortgagor of the transferring project shall notify
and consult with the tenants residing in the transferring project
and provide a certification of approval by all appropriate local governmental officials;
(5) the tenants of the transferring project who remain eligible
for assistance to be provided by the receiving project shall not
be required to vacate their units in the transferring project until
new units in the receiving project are available for occupancy;
(6) the Secretary determines that this transfer is in the best
interest of the tenants;
(7) if either the transferring project or the receiving project meets
the condition specified in subsection (c)(2)(A), any lien on the receiving project resulting from additional financing obtained by the
owner shall be subordinate to any FHA-insured mortgage lien
transferred to, or placed on, such project by the Secretary;
(8) if the transferring project meets the requirements of subsection (c)(2)(E), the owner or mortgagor of the receiving project
shall execute and record either a continuation of the existing use
agreement or a new use agreement for the project where, in either
case, any use restrictions in such agreement are of no lesser duration than the existing use restrictions;
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MANAGEMENT AND ADMINISTRATION—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2007

Intragovernmental funds—Continued

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ADMINISTRATIVE PROVISIONS—Continued
(9) any financial risk to the FHA General and Special Risk Insurance Fund, as determined by the Secretary, would be reduced as
a result of a transfer completed under this section; and
(10) the Secretary determines that Federal liability with regard
to this project will not be increased.
(c) For purposes of this section—
(1) the terms ‘‘low-income’’ and ‘‘very low-income’’ shall have the
meanings provided by the statute and/or regulations governing the
program under which the project is insured or assisted;
(2) the term ‘‘multifamily housing project’’ means housing that
meets one of the following conditions—
(A) housing that is subject to a mortgage insured under
the National Housing Act;
(B) housing that has project-based assistance attached to
the structure;
(C) housing that is assisted under section 202 of the Housing
Act of 1959 as amended by section 801 of the CranstonGonzales National Affordable Housing Act;
(D) housing that is assisted under section 202 of the Housing
Act of 1959, as such section existed before the enactment of
the Cranston-Gonzales National Affordable Housing Act; or
(E) housing or vacant land that is subject to a use agreement;
(3) the term ‘‘project-based assistance’’ means—
(A) assistance provided under section 8(b) of the United
States Housing Act of 1937;
(B) assistance for housing constructed or substantially rehabilitated pursuant to assistance provided under section 8(b)(2)
of such Act (as such section existed immediately before October
1, 1983);
(C) rent supplement payments under section 101 of the Housing and Urban Development Act of 1965;
(D) additional assistance payments under section 236(f)(2)
of the National Housing Act; and,
(E) assistance payments made under section 202(c)(2) of the
Housing Act of 1959;
(4) the term ‘‘receiving project’’ means the multifamily housing
project to which the project-based assistance, debt, and statutorily
required use low-income and very low-income restrictions are to
be transferred;
(5) the term ‘‘transferring project’’ means the multifamily housing
project which is transferring the project-based assistance, debt and
the statutorily required low-income and very low-income use restrictions to the receiving project; and,
(6) the term ‘‘Secretary’’ means the Secretary of Housing and
Urban Development.¿
SEC. ø319¿ 313. The funds made available for Native Alaskans
under the heading ‘‘Native American Housing Block Grants’’ in title
III of this Act shall be allocated to the same Native Alaskan housing
block grant recipients that received funds in fiscal year 2005.
øSEC. 320. (a) EXTENSION.—The Secretary of Housing and Urban
Development shall extend the term of the Moving to Work Demonstration Agreement entered into between a public housing agency
and the Secretary under section 204, title V, of the Omnibus Consolidated Rescissions and Appropriations Act of 1996 (Public Law 104–
134, April 26, 1996) if—
(1) the public housing agency requests such extension in writing;
(2) the public housing agency is not at the time of such request
for extension in default under its Moving to Work Demonstration
Agreement; and
(3) the Moving to Work Demonstration Agreement to be extended
would otherwise expire on or before September 30, 2006.
(b) TERMS.—Unless the Secretary of Housing and Urban Development and the public housing agency otherwise agree, the extension
under subsection (a) shall be upon the identical terms and conditions
set forth in the extending agency’s existing Moving to Work Demonstration Agreement, except that for each public housing agency
that has been or will be granted an extension to its original Moving
to Work Agreement, the Secretary shall require that data be collected
so that the effect of Moving to Work policy changes on residents
can be measured.
(c) EXTENSION PERIOD.—The extension under subsection (a) shall
be for such period as is requested by the public housing agency,
not to exceed 3 years from the date of expiration of the extending
agency’s existing Moving to Work Demonstration Agreement.
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(d) BREACH OF AGREEMENT.—Nothing contained in this section
shall limit the authority of the Secretary of Housing and Urban
Development to terminate any Moving to Work Demonstration Agreement of a public housing agency if the public housing agency is
in breach of the provisions of such agreement.¿
øSEC. 321. No funds provided under this title may be used for
an audit of the Government National Mortgage Association that
makes applicable requirements under the Federal Credit Reform Act
of 1990 (2 U.S.C. 661 et seq.).¿
SEC. ø322¿ 314. Incremental vouchers previously made available
under the heading, ‘‘Housing Certificate Fund’’ or renewed under
the heading, ‘‘Tenant-Based Rental Assistance’’, for family unification
shall, to the extent practicable, continue to be provided for family
unification.
øSEC. 323. Section 223(f)(1) of the National Housing Act is amended
by inserting ‘‘purchase or’’ immediately before ‘‘refinancing of existing
debt’’.¿
øSEC. 324. Section 421 of the Housing and Community Development Act of 1987 (12 U.S.C. § 1715z–4a) is amended—
(1) in subsection (a)(1)(A), by inserting after ‘‘is’’ the following:
‘‘or, at the time of the violations, was’’; and
(2) in subsection (a)(1)(C), by inserting after ‘‘held’’ the following:
‘‘or, at the time of the violations, was insured or held’’.¿
øSEC. 325. Notwithstanding any other provision of law, for fiscal
year 2006 and thereafter, all mortgagees receiving interest reduction
payments under section 236 of the National Housing Act (12 U.S.C.
1715z–1) shall submit only electronic invoices to the Department
of Housing and Development in order to receive such payments. The
mortgagees shall comply with this requirement no later than 90 days
from the date of enactment of this provision.¿
øSEC. 326. Notwithstanding any other provision of law, the recipient of a grant under section 202b of the Housing Act of 1959 (12
U.S.C. 1701q–2) after December 26, 2000, in accordance with the
unnumbered paragraph at the end of section 202b(b) of such Act,
may, at its option, establish a single-asset nonprofit entity to own
the project and may lend the grant funds to such entity, which
may be a private nonprofit organization described in section 831
of the American Homeownership and Economic Opportunity Act of
2000.¿
SEC. ø327¿ 315. (a) No assistance shall be provided under section
8 of the United States Housing Act of 1937 (42 U.S.C. 1437f) to
any individual who—
(1) is enrolled as a student at an institution of higher education
(as defined under section 102 of the Higher Education Act of 1965
(20 U.S.C. 1002));
(2) is under 24 years of age;
(3) is not a veteran;
(4) is unmarried;
(5) does not have a dependent child; and
(6) is not otherwise individually eligible, or has parents who,
individually or jointly, are not eligible, to receive assistance under
section 8 of the United States Housing Act of 1937 (42 U.S.C.
1437f).
(b) For purposes of determining the eligibility of a person to receive
assistance under section 8 of the United States Housing Act of 1937
(42 U.S.C. 1437f), any financial assistance (in excess of amounts
received for tuition) that an individual receives under the Higher
Education Act of 1965 (20 U.S.C. 1001 et seq.), from private sources,
or an institution of higher education (as defined under the Higher
Education Act of 1965 (20 U.S.C. 1002)), shall be considered income
to that individual, except for a person over the age of 23 with dependent children.
(c) Not later than 30 days after the date of enactment of this
Act, the Secretary of Housing and Urban Development shall issue
final regulations to carry out the provisions of this section.
øSEC. 328. The Secretary of Housing and Urban Development shall
give priority consideration to applications from the housing authorities of the Counties of San Bernardino and Santa Clara and the
City of San Jose, California to participate in the Moving to Work
Demonstration Agreement under section 204, title V, of the Omnibus
Consolidated Rescissions and Appropriations Act of 1996 (Public Law
104–134, April 26, 1996): Provided, That upon turnover, existing requirements on the re-issuance of Section 8 vouchers shall be maintained to ensure that not less than 75 percent of all vouchers shall
be made available to extremely low-income families.¿
GINNIE MAE ADMINISTRATIVE EXPENSES AND FEES

SEC. 316. Section 1 of the National Housing Act (12 U.S.C. 1702)
is amended in the fifth sentence by striking ‘‘Except with respect to
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

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subchapter III of this chapter’’ and inserting ‘‘Except with respect
to the Federal National Mortgage Association’’. Section 306(g)(3) of
the National Housing Act (12 U.S.C. 1721(g)(3)) is amended by adding
the following new subparagraph at the end: ‘‘(F)(i) Notwithstanding
subparagraphs (A) through (D), the Association shall charge an upfront fee on new guarantees of mortgage-backed securities. (ii) The
Association shall set the upfront fee level each year such that estimated
collections fully offset the estimated cost of program salaries and administrative expenses published in the Budget of the United States
Government for the applicable fiscal year.’’ (Department of Housing
and Urban Development Appropriations Act, 2006.)
øSEC. 901. Notwithstanding provisions of the United States Housing Act of 1937 (Public Law 93–383), in order to assist public housing
agencies located within the most heavily impacted areas of Louisiana
and Mississippi that are subject to a declaration by the President
of a major disaster under the Robert T. Stafford Disaster Relief
and Emergency Assistance Act (42 U.S.C. 5121 et seq.) in connection
with Hurricane Katrina or Rita, the Secretary for calendar year 2006
may authorize a public housing agency to combine assistance provided under sections 9(d) and (e) of the United States Housing Act
of 1937 and assistance provided under section 8(o) of such Act, for
the purpose of facilitating the prompt, flexible and efficient use of
funds provided under these sections of the Act to assist families
who were receiving housing assistance under the Act immediately
prior to Hurricane Katrina or Rita and were displaced from their
housing by the hurricanes.¿
øSEC. 902. To the extent feasible the Secretary of Housing and
Urban Development shall preserve all housing within the area declared a major disaster under the Robert T. Stafford Disaster Relief
and Emergency Act (42 U.S.C. 5121 et seq.) resulting from Hurricane
Katrina or Rita that received project-based assistance under section
8 or 9 of the United States Housing Act of 1937, section 801 or

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811 of the Cranston-Gonzalez National Affordable Housing Act, the
AIDS Housing Opportunity Act, or the Stewart B. McKinney Homeless Assistance Act: Provided, That the Secretary shall report to
the Committees on Appropriations on the status of all such housing,
including costs associated with any repair or rehabilitation, within
120 days of enactment of this Act.¿ (Emergency Supplemental Appropriations Act to Address Hurricanes in the Gulf of Mexico and Pandemic Influenza, 2006.)
f

GENERAL FUND RECEIPT ACCOUNTS
(in millions of dollars)
2005 actual

2006 est.

Offsetting receipts from the public:
86–271910 FHA-general and special risk, Negative subsidies ..................................................................................
266
300
Legislative proposal, not subject to PAYGO ...................... ................... ...................
86–271930 FHA-general and special risk, Downward reestimates of subsidies .......................................................
208
297
86–274330 Indian housing loan guarantees, Downward
reestimates of subsidies ....................................................
4
1
86–276230 Title VI indian loan guarantee downward reestimate .............................................................................. ...................
2
86–277330 Community development loan guarantees,
Downward reestimates .......................................................
15
6
86–277810 Mutual mortgage insurance program, negative subsidies: Legislative proposal, not subject to
PAYGO ................................................................................. ................... ...................
General Fund Offsetting receipts from the public .....................

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493

606

2007 est.

438
¥223
...................
...................
...................
...................

845
1,060