Full text of Budget of the United States Government - Appendix : Fiscal Year 2008 : 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 2008
Budget for HUD includes major reform proposals for the Federal Housing Administration (FHA), the Housing Choice
Voucher program, and the Community Development Block
Grant (CDBG) program. These reforms will enhance the effectiveness of HUD’s programs.
The Department continues to emphasize expanding homeownership opportunities for all. Toward that goal, in 2007
FHA will introduce financing options for families who have
good credit histories but lack the savings needed for the downpayment on a home, and for families who have impaired
credit histories and who would normally be served only by
the sub-prime market. Also, the Budget provides nearly $2
billion for the HOME Investment Partnerships Program, including $50 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.
While maintaining a budget-based approach, the 2008
Budget proposes changes to the Housing Choice Voucher Program to give State and local housing authorities more decision-making authority to better address the unique needs of
their communities, such as the flexibility to serve more households. The Budget also proposes to update the funding allocation formula to better reflect current needs.
HUD continues to support and improve Public Housing and
has initiated the effort to adopt asset-based project management to allow significant improvements and efficiencies. The
Budget provides $4 billion for the Public Housing Operating
subsidies and $2 billion for the Public Housing Capital Fund.
HUD continues to support reduction of over-crowding in
Indian country with $627 million in housing grants. The
Budget also continues support for Indian community development.
HUD continues to focus on combating homelessness and
eliminating chronic homelessness with $1.6 billion for Homeless Assistance, including up to $50 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 initiative for ex-offender activities.
Funding in the 2008 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 2008 to increase the focus
and effectiveness of Federal efforts to provide adequate economic opportunity in low-income communities. HUD has proposed legislation to revise the CDBG allocation formula to
better target needy communities, to provide bonus funds tied
to performance, and to make further reforms to increase
CDBG’s effectiveness.

HUD is one of five Departments that are leading the Federal Government in tapping the potential of faith-based and
community organizations to improve housing and help develop
communities.
The 2008 Budget includes $116 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 2007
and 2008 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 PROGRAMS
Federal Funds
PREVENTION

RESIDENT DISPLACEMENT

Program and Financing (in millions of dollars)
Identification code 86–0311–0–1–604

2006 actual

2007 est.

2008 est.

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

36 ................... ...................

10.00

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

36 ................... ...................

21.40
22.00

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

69
7
7
¥26 ................... ...................

23.90
23.95

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

43
7
7
¥36 ................... ...................

24.40

Unobligated balance carried forward, end of year

New budget authority (gross), detail:
Discretionary:
58.00
Spending authority from offsetting collections: Offsetting collections (cash) .....................................

¥26 ................... ...................

72.40
73.10
73.20

10
1
1
36 ................... ...................
¥45 ................... ...................

74.40

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

86.90
86.93

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

¥26 ................... ...................
71 ................... ...................

87.00

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

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

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

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

89.00
90.00

Net budget authority and outlays:
Budget authority ............................................................ ................... ................... ...................
Outlays ...........................................................................
71 ................... ...................

HUD received $79 million from FEMA in 2005 via a mission assignment to provide housing assistance to families that
505

506

PUBLIC AND INDIAN HOUSING PROGRAMS—Continued
Federal Funds—Continued

PREVENTION

RESIDENT DISPLACEMENT—Continued

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
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
(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, $16,000,000,000, to remain available until expended,
of which $11,800,000,000 shall be available on October 1, 2007, and
$4,200,000,000 shall be available on October 1, 2008: Provided, That
the amounts made available under this heading are provided as follows:
(1) $14,444,506,000 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 2008 funding cycle shall
provide renewal funding for each public housing agency based on
the amount public housing agencies were eligible to receive in calendar year 2007, and by applying the 2008 Annual Adjustment
Factor as established by the Secretary, and by making any necessary
adjustments for the costs associated with deposits to Family SelfSufficiency Program escrow accounts or the first-time renewal of
tenant protection or HOPE VI vouchers: Provided further, That the
Secretary shall, to the extent necessary to stay within the amount
provided under this paragraph, pro rate each public housing agency’s allocation otherwise established pursuant to this paragraph:
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 $100,000,000 shall be available for additional rental subsidy
due to unforeseen exigencies as determined by the Secretary and
for the one-time funding of housing assistance payments resulting
from the portability provisions of the housing choice voucher program;
(2) $150,000,000 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 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 additional section 8 tenant protection rental assistance
costs may be funded in 2008 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 2007 and prior
years;
(3) $48,000,000 for family self-sufficiency coordinators under section 23 of the Act;
(4) $6,494,000 shall be transferred to the Working Capital Fund;
and
(5) $1,351,000,000 for administrative and other expenses of public
housing agencies in administering the section 8 tenant-based rental
assistance program, of which up to $5,000,000 shall be available
as an incentive bonus as determined by the Secretary for administrative expenses for PHAs that voluntarily consolidate, and of which
up to $35,000,000 shall be available to the Secretary to allocate

THE BUDGET FOR FISCAL YEAR 2008
to public housing agencies that need additional funds to administer
their section 8 programs, with up to $30,000,000 to be for fees
associated with section 8 tenant protection rental assistance: Provided, That no less than $1,311,000,000 of the amount provided
in this paragraph shall be allocated for the calendar year 2008
funding cycle to public housing agencies based on a formula tied
to the number of assisted households, as determined by the Secretary: 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.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)
Identification code 86–0302–0–1–604

2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.01 Tenant Protection ...........................................................
00.02 Administrative Fees .......................................................
00.03 Family Self Sufficiency Coordinators .............................
00.05 Working Capital Fund ....................................................
00.06 Contract Renewals .........................................................
00.07 Disaster Assistance .......................................................

139
1,023
93
6
12,404
132

215
150
1,243
1,351
48
48
6
6
14,035
14,445
258 ...................

10.00

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

13,797

15,805

21.40
22.00
22.10

87
14,401

724 ...................
15,081
16,000

23.90
23.95

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

24.40

Unobligated balance carried forward, end of year

724 ................... ...................

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

11,764
10,881
11,800
¥114 ................... ...................
¥1,407 ................... ...................

43.00
55.00
55.35

Appropriation (total discretionary) ........................
Advance appropriation ..............................................
Advance appropriation permanently reduced ...........

16,000

33 ................... ...................
14,521
¥13,797

15,805
¥15,805

16,000
¥16,000

10,243
10,881
11,800
4,200
4,200
4,200
¥42 ................... ...................

55.90

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

4,158

4,200

70.00

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

14,401

15,081

16,000

72.40
73.10
73.20
73.45

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

74.40

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

1,280

1,763

1,776

86.90
86.93

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

12,517
449

13,875
1,447

14,720
1,267

87.00

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

12,966

15,322

15,987

89.00
90.00

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

14,401
12,966

15,081
15,322

16,000
15,987

482
1,280
1,763
13,797
15,805
16,000
¥12,966
¥15,322
¥15,987
¥33 ................... ...................

Tenant Based Rental Assistance.—The Tenant-based Rental
Assistance program (also known as the Housing Choice
Voucher Program) provides approximately 2 million families
with subsidies to afford housing in the private market. Congress and the Administration have implemented a number
of policy changes over the past several years to assist the
most needy families and encourage Public Housing Authorities (PHAs) to spend their allotted funds. For example, the
Voucher program no longer funds a set number of units,

PUBLIC AND INDIAN HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

but appropriates funds to PHAs on a budget-based system
making them more accountable in managing their budgets.
The Budget proposes legislative changes that would: 1) provide incentives for PHAs to spend their funds to maximize
assistance; 2) maximize appropriated funds by changing the
way funds are allocated to PHAs; and 3) factor unused funds
into future allocations. First, the Administration proposes to
require administrative fees to be distributed according to the
number of families housed. Currently, PHAs receive a flat
amount per year for administrative costs based on a distribution that does not provide an incentive to increase the number
of families served. Second, the Budget proposes eliminating
the cap on the number of families that each PHA can assist,
thereby unlocking funds at PHAs that are unable to spend
funds beyond their authorized number of units. A new funding allocation formula for PHAs would follow elimination of
the cap, and would be based on the level of spending by
PHAs over the most recent year. Current funding is based
on the higher of a three-month snapshot of PHA’s expenditures from summer 2004 or full year expenditures in 2004,
which distributes funds across the 2,400 PHAs that administer Vouchers. Third, the Budget proposes to identify and
adjust for unspent prior year balances from PHAs. PHAs that
end a year with significant unspent balances, despite having
been given the opportunity to draw down such balances by
providing housing for additional low-income families, would
have their funds for the next year reduced. According to HUD,
at the end of 2006, over one billion dollars in balances remained in PHA accounts, of which more than half represents
balances that could not be spent due to the current cap on
the number of units. In addition, in order to encourage the
consolidation of small PHAs, a bonus administrative fee will
be offered to PHAs that participate in this streamlining effort.
Legislation to implement the Administration’s reform proposal
will be submitted to Congress early in 2007.
f

HOUSING CERTIFICATE FUND
(CANCELLATION)

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 2007 and prior years, $1,300,000,000 is cancelled, to be effected by the Secretary no later than September 30, 2008: Provided,
That, if insufficient funds exist under these headings, the remaining
balance may be derived from any other heading under this title: 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 cancellation:
Provided further, That any obligated balances of contract authority
from fiscal year 1974 and prior that have been terminated shall be
cancelled.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)
Identification code 86–0319–0–1–604

2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.01 Contract renewals ..........................................................
00.02 Contract Administrator ..................................................
00.03 Rental Assistance ..........................................................
00.05 Section 8 Amendments ..................................................
00.11 Administrative Fees .......................................................

156
3 ...................
94 ................... ...................
27 ................... ...................
275
300
300
3 ................... ...................

10.00

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

555

21.40
22.00

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

1,414
¥605

303

300

1,329 ...................
¥2,050
¥1,300

22.10
22.75

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

1,076
¥1

23.90
23.95

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

1,884
¥555

24.40

Unobligated balance carried forward, end of year

New budget authority (gross), detail:
Discretionary:
40.36
Unobligated balance permanently reduced ..............
Mandatory:
60.00
Appropriation .............................................................
60.49
Portion applied to liquidate contract authority ........
62.50

507

1,189
1,600
¥165 ...................
303
¥303

300
¥300

1,329 ................... ...................

¥605

¥2,050

¥1,300

2,500
¥2,500

3,000
¥3,000

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

70.00

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

¥605

¥2,050

¥1,300

72.40
73.10
73.20
73.45

18,808
555
¥5,200
¥1,076

13,087
303
¥2,953
¥1,189

9,248
300
¥2,881
¥1,600

74.40

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

13,087

9,248

5,067

86.93

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

5,200

2,953

2,881

89.00
90.00

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

¥605
5,200

¥2,050
2,953

¥1,300
2,881

93.03
93.04

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

13,241
10,740

10,740
7,740

7,740
4,740

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.
The Housing Certificate Fund retains and recovers balances
from previous years’ appropriations. In 2008, a cancellation
of $1.3 billion of those balances is proposed.
f

PROJECT-BASED RENTAL ASSISTANCE
(INCLUDING TRANSFER OF FUNDS)

For activities and assistance for the provision of project-based subsidy contracts under the United States Housing Act of 1937, as amended (42 U.S.C. 1437 et seq.) (‘‘the Act’’ herein), not otherwise provided
for, $5,813,000,000, to remain available until expended: Provided,
That the amounts made available under this heading are provided
as follows:
(1) no less than $5,522,810,000 for expiring or terminating section
8 project-based subsidy contracts (including section 8 moderate rehabilitation contracts), for amendments to section 8 project-based 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) up to $286,230,000 for performance-based contract administrators for section 8 project-based assistance;
(3) $3,960,000 to be transferred to the Working Capital Fund;
and
(4) amounts which are 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.

508

PUBLIC AND INDIAN HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2008

PROJECT-BASED RENTAL ASSISTANCE—Continued
(INCLUDING TRANSFER OF FUNDS)—Continued
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)
Identification code 86–0303–0–1–604

2006 actual

2007 est.

2008 est.

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

5,336
168
1

5,499
147
1

5,523
286
4

10.00

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

5,505

5,647

5,813

21.40
22.00
22.10

610
5,037

189 ...................
5,458
5,813

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

23.90
23.95

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

5,694
¥5,505

5,647
¥5,647

5,813
¥5,813

24.40

Unobligated balance carried forward, end of year

189 ................... ...................

5,088
5,458
5,813
¥51 ................... ...................

43.00

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

5,037

72.40
73.10
73.20
73.45

74.40

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

2,620

2,555

2,616

86.90
86.93

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

2,710
2,658

3,002
2,710

3,197
2,555

87.00

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

5,368

5,712

5,752

89.00
90.00

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

5,037
5,368

5,458
5,712

5,813
5,752

by utilizing recoveries of excess balances remaining on expired
Section 8 contracts that utilized less than anticipated resources in completing the contract. No new BA is requested
in 2008 for Section 8 Amendment activity.
Contract Administrators.—HUD utilizes Performance Based
Contract Administrators (PBCAs) to administer and monitor
a vast majority of the project-based portfolio. Funding of $286
million is requested for 2008.
Project-based Tenant Protection.—Voucher assistance is provided to tenants who face dislocation as a result of actions
taken by project owners or by HUD that are beyond their
control. This occurs as a result of owners opting out of the
program or being terminated by HUD. HUD’s property disposition activities and prepayment activity under the Preservation program may also lead to Project-Based Tenant Protection requirements. These project-based requirements, which
are met through voucher assistance, are funded under the
Tenant-Based heading.
Working Capital Fund Transfer.—$4 million is requested
in 2008 to fund development of and modifications to technology systems that service or are related to the programs
or activities under this heading.
f

PUBLIC HOUSING CAPITAL FUND

5,458

5,813

2,530
2,620
2,555
5,505
5,647
5,813
¥5,368
¥5,712
¥5,752
¥47 ................... ...................

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.
Currently, roughly 80 percent of contracts are renewed annually; the other 20 percent of contracts are funded from previously appropriated funds for long-term contracts.
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 2008

(INCLUDING TRANSFERS OF FUNDS)

For the Public Housing Capital Fund Program to carry out capital
and management activities for public housing agencies, as authorized
under section 9 of the United States Housing Act of 1937, as amended
(42 U.S.C. 1437g) (the ‘‘Act’’) $2,024,000,000, to remain available until
September 30, 2011: Provided, That notwithstanding any other provision of law or regulation, during fiscal year 2008, 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 $14,890,000 shall be for carrying out activities under section 9(h)
of such Act; $16,847,000 shall be transferred to the Working Capital
Fund; up to $10,000,000 is to support the costs of administrative
and judicial receiverships; and 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): Provided further,
That no funds may be used under this heading for the purposes
specified in section 9(k) of the Act.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)
Identification code 86–0304–0–1–604

2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.01 Capital Grants ...............................................................
2,235
2,115
1,967
00.02 Emergency/Disaster ........................................................
46
20 ...................
00.03 Technical Assistance .....................................................
39
11
15
00.04 Working Capital Fund ....................................................
16
15
17
00.05 Neighborhood Networks ..................................................
15 ................... ...................
00.06 Resident Opportunities and Supportive Services ..........
51
24 ...................
00.07 Administrative Receivership ..........................................
7
8
10
00.08 Financial and Physical Assessment Support ................ ...................
15
15
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 .......................................................................
22.35 Unexpired unobligated balance transfer to expired account (¥) .................................................................
21.40
22.00
22.10

23.90

Total budgetary resources available for obligation

2,409

2,208

2,024

322
2,420

335
2,208

335
2,024

16 ................... ...................
¥8 ................... ...................
2,750

2,543

2,359

PUBLIC AND INDIAN HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
23.95
23.98

Total new obligations ....................................................
Unobligated balance expiring or withdrawn .................

24.40

Unobligated balance carried forward, end of year

¥2,409
¥2,208
¥2,024
¥6 ................... ...................
335

335

43.00

2,420

2,208

2,024

550
¥550

500
¥500

60.00
60.49
62.50
70.00

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

2006 actual

2007 est.

2008 est.

2,420

2,208

2,024

9,142
8,373
7,499
2,409
2,208
2,024
¥3,161
¥3,082
¥3,076
¥1 ................... ...................
¥16 ................... ...................

Obligations by program activity:
00.01 Operating Subsidy ..........................................................
3,564
3,565
00.02 Transition to asset management fund .......................... ................... ...................

3,994
6

10.00

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

3,564

3,565

4,000

21.40
22.00

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

1
3,564

1 ...................
3,564
4,000

23.90
23.95

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

3,565
¥3,564

24.40

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

Program and Financing (in millions of dollars)
Identification code 86–0163–0–1–604

2,464
2,208
2,024
¥25 ................... ...................
¥19 ................... ...................

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

(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

335

509

Unobligated balance carried forward, end of year

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

3,600
3,564
4,000
¥36 ................... ...................

43.00

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

3,564

4,000

3,565
¥3,565

4,000
¥4,000

74.40

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

8,373

7,499

6,447

86.90
86.93

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

116
3,045

43
3,039

46
3,030

72.40
73.10
73.20

872
3,564
¥3,496

940
3,565
¥3,614

891
4,000
¥3,891

87.00

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

3,161

3,082

3,076

74.40

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

940

891

1,000

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

2,420
3,161

2,208
3,082

2,024
3,076

86.90
86.93

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

2,673
823

2,673
941

3,000
891

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

87.00

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

3,496

3,614

3,891

2,139
1,582

1,582
1,082

1,082
582
89.00
90.00

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

3,564
3,496

3,564
3,614

4,000
3,891

93.03
93.04

The Public Housing Capital Fund, a formula-driven program based on estimated need, is designed to respond to
the capital and management improvement requirements of
public housing.
Of the $2.02 billion requested for the Public Housing Capital Fund, approximately $1.96 billion is provided to cover
annual accrual needs. Other uses include up to $15 million
for technical assistance, $17 million for the Working Capital
Fund, up to $15 million for public housing financial and physical assessment support, and up to $10 million for administrative and judicial receiverships. Funds for the Resident Opportunity and Supportive Services are not requested in 2008
in order to eliminate an unusually large pipeline of unobligated funds. Funds for disaster relief will no longer be requested; the FEMA disaster assistance is available for any
needs that are not covered by the required property insurance.
f

PUBLIC HOUSING OPERATING FUND
For 2008 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)), $4,000,000,000 of which $5,940,000 shall be for technical
assistance related to the transition and implementation of asset-based
management in public housing: Provided, That in fiscal year 2008
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.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution

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 2008 request proposes a 12 percent increase
in operating subsidies. This reflects recognition of higher utility costs as well as providing more funding for day-to-day
expenses.
The following tables display the sources of housing authorities’ expected revenue and expenditures by category. The distribution is based on historical data reported by housing authorities to HUD on the Statement of Operating Receipts
and Expenditures.
Sources of Housing Authorities’ Operating Revenue
Category (in millions of dollars)

Annual
income

Percent of
total

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

$4,000
2,522
114
187

58%
37%
2%
3%

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

$6,823

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

510

PUBLIC AND INDIAN HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2008

PUBLIC HOUSING OPERATING FUND—Continued

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
Category (in millions of dollars)

Annual
expenditures

Percent of
total

Utilities ...........................................................................................................
Administration ................................................................................................
General Operating Expenses ..........................................................................
Maintenance ...................................................................................................
Tenant Services ..............................................................................................
Protective Services .........................................................................................

$1,602
1,999
565
2,286
189
182

23%
29%
8%
34%
3%
3%

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

$6,823

86.90
86.93

Outlays (gross), detail:
Outlays from new discretionary authority .....................
1 ................... ...................
Outlays from discretionary balances ............................. ...................
2
1

87.00

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

89.00
90.00

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

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

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
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.

100%

REVITALIZATION

Utilities.—Includes water, sewer, electricity, gas, and fuel.
Administration.—Includes administrative salaries, legal expenses, staff training, travel, accounting fees, auditing fees,
sundry, and outside management costs.
General Operating Expenses.—Includes insurance, payments
made to local governments in lieu of taxes, terminal leave
payments, employees benefit contributions, collection losses,
interest on administrative and sundry notes, and other general expenses.
Ordinary Maintenance and Operations.—Consists of expenses for labor, materials, contracts and garbage fees associated with the day-to-day operation of the public housing authority.
Tenant Services.—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.
Asset-Based Management Technical Assistance.—Provides
contracting and consultative services to support PHA’s
transitioning to project-based accounting and asset-based
management.

SEVERELY DISTRESSED PUBLIC HOUSING (HOPE
VI)

Of the unobligated balances remaining from funds appropriated
in fiscal year 2007 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: Provided, That any remaining unobligated amounts
under this heading, including recoveries and carryover, may be used
for grants, technical assistance and other eligible activities as provided
under this heading, of which up to $2,000,000 may be used for technical assistance and contract expertise, for grants, contracts or cooperative agreements, including training and cost of necessary travel for
participants and employees of the Department: Provided further, That
the Department shall recover unexpended obligations from nonperforming grantees as determined by the Secretary from funds appropriated for fiscal year 2001 and prior years under this heading.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)
Identification code 86–0218–0–1–604

2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.01 Direct program activity ..................................................
00.02 Technical Assistance .....................................................

182
1

56 ...................
3 ...................

10.00

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

183

59 ...................

21.40
22.00

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

143
99

23.90
23.95

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

242
¥183

24.40

Unobligated balance carried forward, end of year

DRUG ELIMINATION GRANTS

FOR

LOW-INCOME HOUSING

Program and Financing (in millions of dollars)
Identification code 86–0197–0–1–604

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

2006 actual

2007 est.

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

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

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

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

242
84
¥59 ...................

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

183

100
183 ...................
¥1 ...................
¥99

43.00
¥3 ................... ...................

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

183
¥99

2008 est.

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

74.40

59
183

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

72.40
73.10
73.20

2,138
183
¥567

74.40

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

1,754

86.90

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

183

¥99

1,754
1,253
59 ...................
¥560
¥535
1,253

718

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

¥3

PUBLIC AND INDIAN HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
86.93

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

564

560

538

87.00

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

567

560

535

89.00
90.00

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

99
567

183
560

¥99
535

The HOPE VI program in coordination with funding from
the Public Housing Capital Fund has completed its goal of
contributing to the demolition of 100,000 severely distressed
public housing units. The HOPE VI program, while completing its goal, was found to be more costly than other programs and slow to complete redevelopments. The budget proposes no additional funds and requests a cancellation of the
expected 2007 appropriation, currently estimated at $99 million.
The remaining balance in this program of over $1.8 billion
at the end of 2006 will spend out over several years as the
redevelopment projects are completed. Cumulative results of
the HOPE VI program as of March 31, 2006 follow: 63,885
households have been relocated, 78,115 units have been demolished, 50,482 units (new and rehabilitated) have been
completed, and 48,012 completed units have been occupied.
In an effort to encourage the completion of delayed HOPE
VI projects and to promote the efficient use of funds, the
budget proposes that the Department recover unexpended
HOPE VI obligations from nonperforming grantees whose
funds were appropriated in fiscal year 2001 and prior years.
These recovered funds may then be reused for new HOPE
VI grants and technical assistance. Grants to Public Housing
Authorities that are part of the Moving to Work demonstration and those in receivership will be exempt from these recoveries.
f

NATIVE AMERICAN HOUSING BLOCK GRANTS

511

Program and Financing (in millions of dollars)
Identification code 86–0313–0–1–604

2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.02 Title VI Loan Guarantee Subsidy ...................................
00.07 Upward reestimate .........................................................
00.10 Indian Housing Block Grants .........................................
00.11 Technical Assistance .....................................................
00.13 National American Indian Housing Council ..................

2
2
2
2
2 ...................
606
620
621
2
4
4
1 ................... ...................

10.00

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

613

628

627

21.40
22.00
22.10

61
626

77
626

75
627

23.90
23.95

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

690
¥613

703
¥628

702
¥627

24.40

Unobligated balance carried forward, end of year

40.00
40.35

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

43.00

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

630
624
627
¥6 ................... ...................
624

60.00

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

624

70.00

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

626

72.40
73.10
73.20
73.45

74.40

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

933

975

86.90
86.93
86.97

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

175
410
2

175
176
409
403
2 ...................

87.00

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

587

586

579

89.00
90.00

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

626
587

626
586

627
579

627

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

627

910
933
975
613
628
627
¥587
¥586
¥579
¥3 ................... ...................
1,023

(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.),
$626,965,000, to remain available until expended: Provided, That,
notwithstanding the Native American Housing Assistance and SelfDetermination 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, $4,250,000 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 travel: Provided further, That of the amount provided under
this heading, $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 $17,000,000: Provided further,
That for administrative expenses to carry out the guaranteed loan
program, up to $148,500 from amounts in the third proviso, which
shall be transferred to and merged with the appropriation for ‘‘Salaries and Expenses.’’
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
Identification code 86–0313–0–1–604

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

2006 actual

2007 est.

2008 est.

12.26

11.99

12.12

232999 Weighted average subsidy rate .....................................
Guaranteed loan subsidy budget authority:
233001 Title VI ............................................................................

12.26

11.99

12.12

233999 Total subsidy budget authority ......................................
Guaranteed loan subsidy outlays:
234001 Title VI ............................................................................

215999 Total loan guarantee levels ...........................................
Guaranteed loan subsidy (in percent):
232001 Title VI ............................................................................

234999 Total subsidy outlays .....................................................
Guaranteed loan upward reestimates:
235001 Title VI ............................................................................

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

235999 Total upward reestimate budget authority ....................
Guaranteed loan downward reestimates:
237001 Title VI ............................................................................

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

¥2

¥7 ...................

237999 Total downward reestimate subsidy budget authority

¥2

¥7 ...................

Title I of the Native American Housing Assistance and SelfDetermination Act (NAHASDA) of 1996 (P.L. 104–330) au-

512

PUBLIC AND INDIAN HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2008

NATIVE AMERICAN HOUSING BLOCK GRANTS—Continued
(INCLUDING TRANSFER OF FUNDS)—Continued

thorized the Native American Housing Block Grant program.
This program provides an allocation of funds on a formula
basis to Indian tribes and their tribally designated housing
entities to help them address housing needs within their communities.
The Native American Housing Block Grant program includes a guaranteed loan provision (Title VI). A guarantee
level of $17 million is proposed for this loan guarantee program for 2008. A primary goal of the Title VI program is
to encourage private lenders to provide financing in Indian
country. Therefore, the program provides for the federal guarantee of notes or other obligations issued by Indian tribes
or tribally designated housing entities for the purpose of financing affordable housing activities described in section 202
of the Act.
As required by the Federal Credit Reform Act of 1990,
this account records, for this program, the subsidy costs associated with the loan guarantees committed in 1998 and beyond (including modifications of guarantees that resulted from
obligations in any given year), as well as administrative expenses of this program. The subsidy amounts are estimated
on a present value basis; the administrative expenses are
estimated on a cash basis.

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

LOW-RENT PUBLIC HOUSING—LOANS

AND

OTHER EXPENSES

Program and Financing (in millions of dollars)
Identification code 86–4098–0–3–604

2006 actual

2007 est.

2008 est.

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

10.00

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

21.40
22.00
22.40
22.60

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

23.90
23.95

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

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.), $5,940,000,
to remain available until expended of which $299,211 shall be for
training and technical activities, including up to $100,000 for related
travel.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

2006 actual

2007 est.

2008 est.

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

10.00

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year ...................
9
New budget authority (gross) ........................................
9 ...................

3
6

21.40
22.00
23.90
23.95
24.40

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

Total budgetary resources available for obligation
9
Total new obligations .................................................... ...................
Unobligated balance carried forward, end of year

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

72.40
73.10
73.20

9
¥6

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

Change in obligated balances:
Obligated balance, start of year ................................... ................... ...................
Total new obligations .................................................... ...................
6
Total outlays (gross) ...................................................... ...................
¥2

86.90
86.93
87.00

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

1
2

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

2
¥2

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

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

101

72.40
73.10
73.20

369
2
¥66

305
2
¥95

212
2
¥101

74.40

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

305

212

113

86.97

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

101

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

¥88

¥93

¥99

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

10
¥22

2
2

4
6
¥3

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

2
¥2

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

89.00
90.00

Status of Direct Loans (in millions of dollars)
Identification code 86–4098–0–3–604

74.40

2
¥2

70.00

Program and Financing (in millions of dollars)
Identification code 86–0235–0–1–604

24.40

20 ................... ...................
98
95
101
¥28 ................... ...................
¥88
¥93
¥99

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

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

2006 actual

2007 est.

2008 est.

973
¥88

885
¥93

792
¥99

885

792

693

Status of Guaranteed Loans (in millions of dollars)
Net budget authority and outlays:
89.00 Budget authority ............................................................
9 ...................
90.00 Outlays ........................................................................... ...................
2

6
3

Identification code 86–4098–0–3–604

Cumulative balance of guaranteed loans outstanding:

2006 actual

2007 est.

2008 est.

PUBLIC AND INDIAN HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
2210
2251

Outstanding, start of year .............................................
Repayments and prepayments ......................................

1,390
¥250

1,140
¥267

873
¥267

2290

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

1,140

873

606

513

Program and Financing (in millions of dollars)
Identification code 86–0223–0–1–371

2006 actual

2007 est.

2008 est.

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

1,123

790

6
6
1 ...................

10.00

2299

Obligations by program activity:
00.02 Guaranteed loan subsidy ...............................................
5
00.07 Upward reestimate ......................................................... ...................
Total new obligations (object class 41.0) ................

21.40
22.00
22.10

4
4

4
5

2
7

23.90
23.95

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

9
¥5

9
¥7

9
¥6

24.40

Unobligated balance carried forward, end of year

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
4
Mandatory:
60.00
Appropriation ............................................................. ...................

600

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, $10 million borrowed from the Treasury
was forgiven in 2006, $2 million will be borrowed from the
Treasury and forgiven in 2007, and an estimated $2 million
will be borrowed from the Treasury and forgiven in 2008.
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
2005 and 2006 follows:

70.00

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

72.40
73.10
73.20
73.45

Balance Sheet (in millions of dollars)

74.40

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

Identification code 86–4098–0–3–604

2005 actual

2006 actual

86.90
86.93
86.97

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

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

3
2
7
5
7
6
¥5
¥2
¥5
¥1 ................... ...................
2

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

1101
1601
1602

ASSETS:
Federal assets: Fund balances with Treasury ..........................
Direct loans, gross ......................................................................
Interest receivable ........................................................................

389
973
59

305
885
54

1604

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

1,032

939

1699

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

1,032

939

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

1,421

1,244

118
972

107
884

2999

1,090

991

Identification code 86–0223–0–1–371

338
–7

259
–6

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

1999

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

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

331

253

4999

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

1,421

1,244

INDIAN HOUSING LOAN GUARANTEE FUND PROGRAM ACCOUNT
(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), $7,450,000, 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,
up to $367,000,000: Provided further, That up to $750,000 shall be
for administrative contract expenses including information technology
to carry out the loan guarantee program.
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.’’
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

87.00

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

89.00
90.00

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

4
5

5
2

7
5

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
2006 actual

2007 est.

2008 est.

190

251

367

190

251

367

2.42

2.35

2.42

232999 Weighted average subsidy rate .....................................
Guaranteed loan subsidy budget authority:
233001 Indian Housing Loan Guarantee ....................................

2.42

2.35

2.42

233999 Total subsidy budget authority ......................................
Guaranteed loan subsidy outlays:
234001 Indian Housing Loan Guarantee ....................................

234999 Total subsidy outlays .....................................................
4
Guaranteed loan upward reestimates:
235001 Indian Housing Loan Guarantee .................................... ...................

235999 Total upward reestimate budget authority .................... ...................
Guaranteed loan downward reestimates:
237001 Indian Housing Loan Guarantee ....................................
¥1

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

¥1

¥1 ...................

215999 Total loan guarantee levels ...........................................
Guaranteed loan subsidy (in percent):
232001 Indian Housing Loan Guarantee ....................................

237999 Total downward reestimate subsidy budget authority

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

As required by the Federal Credit Reform Act of 1990,
this account records, for this program, the subsidy costs associated with the loan guarantees committed in 1992 and beyond (including modifications of guarantees that resulted from
obligations in any year). The subsidy amounts are estimated

514

PUBLIC AND INDIAN HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2008

INDIAN HOUSING LOAN GUARANTEE FUND PROGRAM ACCOUNT—
Continued

2142
2143

Uncommitted loan guarantee limitation .......................
Uncommitted limitation carried forward .......................

(INCLUDING TRANSFER OF FUNDS)—Continued

2150
2199

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

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.

2210
2231
2251
2263

3 ................... ...................
¥98
¥5
¥5
190
190

251
251

362
251
¥28

584
367
¥28

¥1

Cumulative balance of guaranteed loans outstanding:
Outstanding, start of year .............................................
192
Disbursements of new guaranteed loans ......................
171
Repayments and prepayments ...................................... ...................
Adjustments: Terminations for default that result in
claim payments .........................................................
¥1

367
367

¥1

2290

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

362

584

922

2299

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

362

581

916

INDIAN HOUSING LOAN GUARANTEE FUND FINANCING ACCOUNT
Program and Financing (in millions of dollars)
Identification code 86–4104–0–3–604

2006 actual

2007 est.

2008 est.

00.01
08.02

Obligations by program activity:
Default Claims ...............................................................
Downward Re-estimate ..................................................

1
1

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

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

10
6

14
2

14
4

23.90
23.95

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

16
¥2

18
¥1

24.40

Unobligated balance carried forward, end of year

As required by the Federal Credit Reform Act of 1990,
this non-budgetary account records all cash flows to and from
the Government resulting from 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.

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

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

Balance Sheet (in millions of dollars)
Identification code 86–4104–0–3–604

1101

2005 actual

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

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

10
3

1999
7

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

Total assets ..................................................................................
LIABILITIES:
Non-Federal liabilities:
2204 Liabilities for loan guarantees ...................................................
2207 Unearned revenues and advances .............................................

2006 actual

Change in obligated balances:
72.40 Obligated balance, start of year ...................................
73.10 Total new obligations ....................................................
73.20 Total financing disbursements (gross) .........................
74.00 Change in uncollected customer payments from Federal sources (unexpired) ............................................
74.40

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

87.00

Outlays (gross), detail:
Total financing disbursements (gross) .........................

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

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

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
88.00
Federal sources: Payments from program account .................................................................
¥4
¥1
¥4
88.00
Federal sources Upward Restimate ...................... ...................
¥1 ...................
88.25
Interest on uninvested funds ...............................
¥1 ................... ...................
88.40
Non-Federal sources .............................................
¥2 ................... ...................
88.90
88.95

89.00
90.00

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

¥7

¥2

¥4

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

Net financing authority and financing disbursements:
Financing authority ........................................................ ................... ................... ...................
Financing disbursements ...............................................
¥5
¥2
¥4

2006 actual

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

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), $1,044,000, 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 $41,504,255.
In addition, for administrative expenses to carry out the guaranteed
loan program, up to $34,650 from amounts in the first paragraph
which shall be transferred to and merged with the appropriation
for ‘‘Salaries and Expenses.’’
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)
Identification code 86–0233–0–1–371

2007 est.

2008 est.

2007 est.

2008 est.

10.00

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

4
1

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

21.40
22.00
116
169

2006 actual

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

Status of Guaranteed Loans (in millions of dollars)
Identification code 86–4104–0–3–604

2999
4999

158
98

367
5

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

23.90

Total budgetary resources available for obligation

PUBLIC AND INDIAN HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
23.95
24.40

¥1

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

Total new obligations .................................................... ...................
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
¥1 ...................

86.93

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

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

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

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

89.00
90.00

74.40

2006 actual

Guaranteed loan levels supportable by subsidy budget
authority:
215001 Native Hawaiian Housing .............................................. ...................
215999 Total loan guarantee levels ........................................... ...................
Guaranteed loan subsidy (in percent):
232001 Native Hawaiian Housing ..............................................
2.42

2007 est.

89.00
90.00

Status of Guaranteed Loans (in millions of dollars)
Identification code 86–4351–0–3–371

2006 actual

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

2007 est.

2008 est.

2.35

2.42

232999 Weighted average subsidy rate .....................................
0.00
Guaranteed loan subsidy budget authority:
233001 Native Hawaiian Housing .............................................. ...................

2.35

233999 Total subsidy budget authority ...................................... ...................
Guaranteed loan subsidy outlays:
234001 Native Hawaiian Housing .............................................. ...................

234999 Total subsidy outlays ..................................................... ...................

41
184
¥184

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

43
43

41
41

2210
2231
2251

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

2
43
¥2

43
41
¥4

36
191
¥184

2.42

36
155
¥191

2150
2199

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

515

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.

2290

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

2299

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

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

TITLE VI INDIAN FEDERAL GUARANTEES FINANCING ACCOUNT
Program and Financing (in millions of dollars)
Identification code 86–4244–0–3–604

2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.01 Default Claims ............................................................... ...................
08.02 Downward Reestimate ...................................................
2
08.04 Interest on Downward Reestimate ................................. ...................
Direct Program by Activities—Subtotal (1 level)

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

10.00

NATIVE HAWAIIAN HOUSING LOAN GUARANTEE FUND FINANCING
ACCOUNT

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

08.91

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

21.40
22.00

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

15
5

18
4

13
2

23.90
23.95

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

20
¥2

22
¥9

15
¥2

24.40

Unobligated balance carried forward, end of year

Program and Financing (in millions of dollars)
Identification code 86–4351–0–3–371

2006 actual

2007 est.

2008 est.

00.02

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

10.00

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

22.00
23.95

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

1
¥1

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

Change in obligated balances:
72.40 Obligated balance, start of year ................................... ................... ...................
73.10 Total new obligations .................................................... ...................
1

1
1

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

1 ................... ...................
5

516

PUBLIC AND INDIAN HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2008
2999

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

4999

TITLE VI INDIAN FEDERAL GUARANTEES FINANCING ACCOUNT—
Continued

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

Program and Financing (in millions of dollars)—Continued
Identification code 86–4244–0–3–604

2006 actual

2007 est.

2008 est.

Change in obligated balances:
72.40 Obligated balance, start of year ................................... ...................
¥1
8
73.10 Total new obligations ....................................................
2
9
2
73.20 Total financing disbursements (gross) .........................
¥2 ................... ...................
74.00 Change in uncollected customer payments from Federal sources (unexpired) ............................................
¥1 ................... ...................
¥1

74.40

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

87.00

Outlays (gross), detail:
Total financing disbursements (gross) .........................

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

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

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

88.90

¥4

88.95

89.00
90.00

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

¥4

¥2

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

COMMUNITY PLANNING AND DEVELOPMENT
Federal Funds
HOUSING OPPORTUNITIES

FOR

PERSONS WITH AIDS

For carrying out the Housing Opportunities for Persons with AIDS
program, as authorized by the AIDS Housing Opportunity Act (42
U.S.C. 12901 et seq.), $300,100,000, to remain available until September 30, 2009, except that amounts allocated pursuant to section
854(c)(3) of such Act shall remain available until September 30, 2010:
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
$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.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)
Identification code 86–0308–0–1–604

2006 actual

2007 est.

2008 est.

00.01

Identification code 86–4244–0–3–604

Position with respect to appropriations act limitation
on commitments:
2111 Limitation on guaranteed loans made by private lenders ..............................................................................
2121 Limitation available from carry-forward .......................
2142 Uncommitted loan guarantee limitation .......................
2143 Uncommitted limitation carried forward .......................
2150
2199

2210
2231
2251
2263

2007 est.

13
12

296

300

296

300

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

99
286

89
296

89
300

23.90
23.95

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

385
¥296

389
¥300

24.40

Unobligated balance carried forward, end of year

2008 est.

17
17
17
30
35
35
1 ................... ...................
¥35
¥35
¥35

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

296

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

21.40
22.00

2006 actual

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

10.00

Status of Guaranteed Loans (in millions of dollars)

17
17

83
15
¥4

92
15
¥5

¥2

2290

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

100

2299

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

289
296
300
¥3 ................... ...................

43.00

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

286

296

300

72.40
73.10
73.20

468
296
¥309

455
296
¥309

442
300
¥309

74.40

Cumulative balance of guaranteed loans outstanding:
Outstanding, start of year .............................................
80
Disbursements of new guaranteed loans ......................
9
Repayments and prepayments ......................................
¥6
Adjustments: Terminations for default that result in
claim payments ......................................................... ...................

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

455

442

433

86.90
86.93

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

1
308

6
303

87.00

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

309

89.00
90.00

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

286
309

296
309

300
309

100

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

1101
1999

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

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

2005 actual

2006 actual

The Housing Opportunities for Persons with AIDS
(HOPWA) 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. HOPWA funds provide stable housing arrangements, help reduce risks of homelessness and improve access to care for program participants. The requested
funding for 2008 will support approximately 67,000 housing
units for persons with HIV/AIDS and their families. A legislative proposal to amend the HOPWA authorization language
will be transmitted to Congress allowing HUD the oppor-

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

tunity 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 housing costs in that jurisdiction.
States and metropolitan areas receive 90 percent of 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 that do not qualify
for a formula allocation. In addition, $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. Another $1.5 million is transferred to the Working Capital 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 .......................................................................
22.22 Unobligated balance transferred from other accounts
21.40
22.00
22.10

1,181
20,851

517

6,237 ...................
4,215
2,681

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

23.90
23.95
23.98

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

22,036
10,452
2,681
¥15,798
¥10,452
¥2,681
¥1 ................... ...................

24.40

Unobligated balance carried forward, end of year

6,237 ................... ...................

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
20,920
4,215
3,037
40.35
Appropriation permanently reduced ..........................
¥42 ................... ...................
40.36
Unobligated balance permanently reduced .............. ................... ...................
¥356
41.00
Transferred to other accounts ...................................
¥27 ................... ...................
43.00

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

COMMUNITY DEVELOPMENT FUND

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

(INCLUDING TRANSFERS OF FUNDS)

74.40

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

21,413

24,037

18,718

86.90
86.93

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

130
4,882

84
7,744

54
7,946

87.00

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

5,012

7,828

8,000

89.00
90.00

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

20,851
5,012

4,215
7,828

2,681
8,000

(INCLUDING CANCELLATION)

For assistance to units of State and local government, and to other
entities, for economic and community development activities, and for
other purposes, $3,036,570,000, to remain available until September
30, 2010, unless otherwise specified: Provided, That of the amount
provided, $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 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: Provided further, That
$1,570,000 shall be transferred to the Working Capital Fund: Provided
further, That $3,000,000 is for technical assistance as authorized by
section 107(b)(4) of such Act: Provided further, That $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 $3,960,000
may be used for emergencies that constitute imminent threats to health
and safety.
Of the unobligated balances remaining from funds appropriated
in fiscal year 2007 and prior years under this heading, for grants
for the Economic Development Initiative (EDI), $306,900,000 is cancelled.
Of the unobligated balances remaining from funds appropriated
in fiscal year 2007 and prior years under this heading, for grants
for neighborhood initiatives, $49,500,000 is cancelled.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)
Identification code 86–0162–0–1–451

Obligations by program activity:
00.01 Community Development Formula Grants .....................
00.02 Working Capital Fund ....................................................
00.03 Indian Tribes ..................................................................
00.04 Special Purpose Grants .................................................
00.05 Youthbuild ......................................................................
00.06 Self Help Homeownership Opportunity Program ............
00.07 Economic Development Initiative Grants .......................
00.08 Neighborhood Initiative Demonstration .........................
00.09 National Council of La Raza .........................................
00.10 Disaster Assistance .......................................................
00.11 Native Hawaiian Block Grants .......................................
00.12 Hudson River Park Trust Grant .....................................
10.00

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

2006 actual

2007 est.

2008 est.

3,823
2
70
38
64
25
255
41
5
11,436
8
31

4,355
...................
119
5
50
...................
598
67
...................
5,257
1
...................

2,619
2
57
3
...................
...................
...................
...................
...................
...................
...................
...................

15,798

10,452

2,681

20,851

4,215

2,681

10,659
21,413
24,037
15,798
10,452
2,681
¥5,012
¥7,828
¥8,000
¥31 ................... ...................
¥1 ................... ...................

The Community Development Block Grant (CDBG) program
provides flexible annual formula grants to State and local
governments to benefit mainly low- to moderate-income persons. The funding is used for a wide-range of community
and economic development activities, such as housing rehabilitation and construction, job creation and retention, public
services, and improving public infrastructure.
The Budget will re-propose the CDBG Reform Act, which
adopts an improved formula to better target funds to communities with the greatest need and to hold communities accountable for results. The current formula has not been updated in almost 30 years and results in many lower-income
communities receiving less assistance than wealthier communities. The reformed program would be designed with a Challenge Grant Fund component, a new allocation formula to
better target funds to communities most in need of assistance,
and other reforms to achieve greater results and enable communities to focus on addressing deficiencies and opportunities
for improvement as noted in the PART analysis. Legislation
to authorize these reforms will be transmitted in early 2007.
As part of the reforms, HUD programs such as Brownfields
Economic Development Initiatve, Community Development
Loan Guarantee Program (Section 108), and Rural Housing
and Economic Development are proposed for termination.
These programs are duplicative—their activities are eligible
to be funded by CDBG and other Federal programs.
The Indian Community Development Block Grant program
will continue to be funded in this account at $57 million.
This program provides eligible grantees with direct grants
for use in developing viable Indian and Alaska Native Communities, including decent housing, a suitable living environment, and economic opportunities, primarily for low and moderate income persons.
The Youthbuild Transfer Act (P.L. 109–281), signed in September 2006, transferred the Youthbuild program from HUD
to the Department of Labor, as recommended by the White
House Task Force on Disadvantaged Youth, to allow for great-

518

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2008
74.40

COMMUNITY DEVELOPMENT FUND—Continued

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

122

111

86.93

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

89.00
90.00

(INCLUDING CANCELLATION)—Continued

er coordination of the program with Job Corps and other
employment and training programs. Funding for this program
in 2007 was included in the budget for the Department of
Labor. Youthbuild provides grants to local organizations to
provide education and training to disadvantaged youth ages
16–24. In addition to participating in classroom training,
young people/participants learn construction skills by helping
to build affordable housing.
f

EMPOWERMENT ZONES/ENTERPRISE COMMUNITIES/RENEWAL
COMMUNITIES
Program and Financing (in millions of dollars)
Identification code 86–0315–0–1–451

2006 actual

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

2007 est.

2008 est.

133
¥39

94
¥35

59
¥30

74.40

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

86.93

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

89.00
90.00

The 2008 Budget requests no funding for the Brownfields
Economic Development Initiative (BEDI) program. BEDI activities can be funded with Community Development Block
Grant (CDBG) funds. The program is proposed to be terminated as a part of the broader CDBG program reforms.
BEDI is a competitive grant program designed to stimulate
and promote economic and community development, and is
used in conjunction with the Community Development Loan
Guarantee program. Brownfields are abandoned, idled, and
underused industrial and commercial facilities and land
where expansion and redevelopment is burdened by real or
potential environmental contamination.
Grants are made in accordance with selection criteria
deemed appropriate for brownfield projects, including the extent to which an applicant is currently operating a
brownfields program and is working with environmental regulatory agencies, as well as the projected future economic benefits of its development to the community.

HOME INVESTMENT PARTNERSHIPS PROGRAM

No funding is requested for Empowerment Zones/Enterprise
Communities/Renewal Communities (EZ/EC/RC). No authorization for new grants or tax incentives have been provided
for this program since 2001. Prior grants and tax benefits
to communities that are still active complement the goals
of the proposed Community Development Block Grant program reforms.
The EZ/EC/RC initiative helps revitalize distressed neighborhoods by attracting business development and providing
employment opportunities to residents of high poverty urban
areas.
f

(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, $1,916,640,000, to remain available until September
30, 2010, of which $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, $50,000,000, to remain available until September 30, 2010, for
assistance to homebuyers as authorized under title I of the American
Dream Downpayment Act.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

BROWNFIELDS REDEVELOPMENT

Program and Financing (in millions of dollars)

Program and Financing (in millions of dollars)
Identification code 86–0205–0–1–604
Identification code 86–0314–0–1–451

2006 actual

2007 est.

2008 est.

2006 actual

2007 est.

2008 est.

10.00

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

Budgetary resources available for obligation:
21.40 Unobligated balance carried forward, start of year
22.10 Resources available from recoveries of prior year obligations .......................................................................
23.90
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 .............................................................
40.36
Unobligated balance permanently reduced ..............
43.00

72.40
73.10
73.20
73.45

00.01
15
15

1,807

1,805

1,967

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

1,807

1,805

1,967

21.40
22.00
22.10

318
1,757

270
1,805

270
1,967

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

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

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

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

23.90
23.95

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

2,077
¥1,807

2,075
¥1,805

2,237
¥1,967

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

24.40

Unobligated balance carried forward, end of year

270

26
¥15

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

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

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

10.00

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

127
122
111
15
11 ...................
¥18
¥22
¥28
¥2 ................... ...................

1,775
1,805
1,967
¥18 ................... ...................

43.00

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

1,757

72.40
73.10
73.20
73.45

1,805

1,967

5,557
5,550
5,485
1,807
1,805
1,967
¥1,812
¥1,870
¥1,901
¥2 ................... ...................

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
74.40

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

5,550

5,485

5,551

40.00
40.35

Appropriation .............................................................
Appropriation permanently reduced ..........................

86.90
86.93

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

15
1,797

36
1,834

39
1,862

43.00

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

87.00

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

1,812

1,870

1,901

89.00
90.00

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

72.40
73.10
73.20

1,757
1,812

1,805
1,870

1,967
1,901

The HOME Investment Partnerships Program is authorized
by the National Affordable Housing Act (P.L. 101–625). This
program provides annual formula grant assistance to States
and units of local government to increase homeownership and
expand the supply of affordable housing for low to very-low
income persons. 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 on the program’s potentially significant impact on affordable housing problems, the
progress towards its annual performance goals, and its ability
to demonstrate improved efficiency over time. The 2008 Budget supports the PART analysis and will result over time in
the production of 91,150 units of affordable housing through
new construction, rehabilitation, and/or acquisition. Tenantbased rental assistance will be provided for 18,750 units.
In addition, the $50 million requested for the American
Dream Downpayment Initiative (ADDI) will help expand
homeownership opportunities to 6,500 low-income first-time
homebuyers and also support expansion of minority homeownership. Legislation to reauthorize ADDI will be submitted
in early 2007.
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, $69,700,000, to remain
available until September 30, 2010, of which up to $990,000 is for
technical assistance, and of which $30,000,000 is for capacity building
for community development and affordable housing for the Local Initiatives Support Corporation and the Enterprise Community Partners,
Inc. 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.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)
Identification code 86–0176–0–1–604

2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.01 Self Help Housing Opportunity Program ........................ ...................
00.02 Capacity Building .......................................................... ...................
00.03 National American Indian Housing Council ..................
1
00.04 Housing Assistance Council ..........................................
3
00.05 Special Olympics ............................................................
1
00.06 National Council of La Raza .........................................
4
00.07 National Housing Development Corporation ..................
2

20
29
1
3
1
4
2

40
30
...................
...................
...................
...................
...................

10.00

21.40
22.00

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

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year ...................
New budget authority (gross) ........................................
60

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:

60
¥11

49 ...................
11
70
60
¥60

70
¥70

49 ................... ...................

74.40

86.90
86.93

519

61
11
70
¥1 ................... ...................
60

Change in obligated balances:
Obligated balance, start of year ................................... ...................
Total new obligations ....................................................
11
Total outlays (gross) ......................................................
¥4

7
60
¥19

48
70
¥28

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

Outlays (gross), detail:
Outlays from new discretionary authority .....................
4 ................... ...................
Outlays from discretionary balances ............................. ...................
19
28

87.00

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

89.00
90.00

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

60
4

11
19

70
28

Self-Help Homeownership Opportunity Program (SHOP)
funds assist low-income homebuyers willing to contribute
‘‘sweat equity’’ toward the construction of their houses. The
funds increase the ability of non-profit organizations to leverage funds from other sources and will produce at least 2,000
new homeownership units. The 2006 PART Assessment found
SHOP to be ‘‘Effective.’’
SHOP was previously funded as a set-aside within the Community Development Fund, but became a separate account
in 2006. The Budget requests $40 million for grants to eligible
national and regional non-profits and consortia for land acquisition for home siting and improvement of utilities and other
site infrastructure, of which, $990,000 will be used for technical assistance.
In addition, the Budget requests $30 million for the National Community Development Initiative (NCDI), which is
authorized by Section 4 of the HUD Demonstration Act of
1993. These funds are provided to national non-profit intermediaries (Local Initatives Support Corporation and the Enterprise Community Partners, Inc.) to develop the capacity
of community development corporations to undertake community development and affordable housing projects.
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, $1,560,990,000, of which $1,540,990,000 shall
remain available until September 30, 2010, 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

520

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2008

HOMELESS ASSISTANCE GRANTS—Continued
(INCLUDING TRANSFER OF FUNDS)—Continued

Act, and the Welfare-to-Work grant program: Provided further, That
up to $8,000,000 of the funds appropriated under this heading shall
be available for the national homeless data analysis project and technical assistance: Provided further, That $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 2008. In addition,
$25,000,000 is provided for fiscal year 2008, to be transferred to
‘‘Training and Employment Services,’’ Employment and Training Administration, Department of Labor, and shall be for the Prisoner ReEntry Initiative as established under that heading.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

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

2006 actual

2007 est.

2008 est.

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

1,403

1,577

1,680

10.00

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

1,403

1,577

1,680

21.40
22.00
22.10

1,572
1,327

1,546
1,353

1,372
1,586

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

the Administration’s goal to end chronic homelessness by creating new permanent supportive housing for this population.
In addition, the Budget places a major emphasis on permanent housing by requiring 30 percent of funds to be used
for this purpose.
The Administration will again propose legislation to combine HUD’s three competitive grant programs—Shelter Plus
Care, Supportive Housing, and Section 8 Moderate Rehabilitation Single Room Occupancy—into a single program with
flexibility to better meet community needs. The new consolidated program will incorporate up to $50 million for the Samaritan Housing Initiative that will specifically address the
supportive housing needs of chronically homeless individuals.
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.
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.
The Budget also includes $25 million for Reintegration of
Ex-Offenders, involving the Departments of Justice, Labor,
and Housing and Urban Development, to help individuals
exiting prison make a successful transition to community life
and long-term employment. Upon enactment, these funds will
be transferred to the Department of Labor.

2,967
2,949
3,008
¥1,403
¥1,577
¥1,680
¥18 ................... ...................
1,546

1,372

RURAL HOUSING

AND

ECONOMIC DEVELOPMENT

Program and Financing (in millions of dollars)

1,328

Identification code 86–0324–0–1–604

2006 actual

2007 est.

2008 est.

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

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

1,327

1,353

2,623

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

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

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

21.40
22.00

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

27
17

20 ...................
24 ...................

23.90
23.95

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

44
¥24

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

Unobligated balance carried forward, end of year

1,586

2,517
2,474
2,623
1,403
1,577
1,680
¥1,346
¥1,378
¥1,395
¥32 ................... ...................
¥68
¥50
¥50
2,474

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

24.40

43.00

00.01
10.00

1,340
1,353
1,586
¥13 ................... ...................

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

2,858

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

7
1,339

14
1,364

16
1,379

87.00

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

1,346

1,378

1,395

1,327
1,346

1,353
1,378

1,586
1,395

The Homeless Assistance Grants account provides funds
for the Shelter Plus Care, Supportive Housing, Emergency
Shelter Grants, and Section 8 Moderate Rehabilitation Single
Room Occupancy programs. These programs, which award
funds through the Continuum of Care process, 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. Increased funding will support

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

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

72.40
73.10
73.20

39
24
¥21

42
64
44 ...................
¥22
¥27

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

17
21

24 ...................
22
27

The 2008 Budget requests no funding for the Rural Housing
and Economic Development (RHED) program. The program
is duplicative particularly with programs provided through
the U.S. Department of Agriculture, which manages a portfolio of rural housing and economic development grants programs that vastly exceed HUD’s RHED program in terms
of programs and services, budget and staffing.

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

The RHED program was created to encourage innovative
approaches to serve the housing and economic development
needs of the nation’s rural communities.

88.40

89.00
90.00

521

Offsetting collections (cash) from: Non-Federal
sources .................................................................. ...................

¥1

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

1
2

URBAN DEVELOPMENT ACTION GRANTS
Status of Direct Loans (in millions of dollars)

Program and Financing (in millions of dollars)

Identification code 86–4015–0–3–451
Identification code 86–0170–0–1–451

2006 actual

2007 est.

2006 actual

2007 est.

2008 est.

21.40
22.21

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

23.90

Total budgetary resources available for obligation

24.40

Unobligated balance carried forward, end of year

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

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

Change in obligated balances:
72.40 Obligated balance, start of year ...................................
4
73.20 Total outlays (gross) ...................................................... ...................
74.40

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

4
¥2

2
¥2

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

86.93

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

89.00
90.00

The Urban Development Action Grants program was terminated in 1990. 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.

2007 est.

2008 est.

10.00

23.90
23.95
24.40

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

1
1
¥1

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

1 ...................
2
2
¥2
¥1
1
¥1

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. The operational
expenses are financed from repayments of loans and recaptures, therefore no appropriation is requested.
The Section 312 loan program portfolio, which provided first
and junior lien financing at below market interest rates for
the rehabilitation of homes in low-income neighborhoods, constituted a large portion of the account activities. This program
ceased to originate new loans over ten years ago. Since the
sale of the Section 312 loan portfolio to the private sector,
activity in this account has been considerably reduced.
Balance Sheet (in millions of dollars)
Identification code 86–4015–0–3–451

3
6
–6

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

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

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

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

1999

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

4999

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

70.00

74.40

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

Offsets:
Against gross budget authority and outlays:

2006 actual

COMMUNITY DEVELOPMENT LOAN GUARANTEES PROGRAM ACCOUNT
1

72.40
73.10
73.20

2005 actual

ASSETS:
Federal assets: Fund balances with Treasury ..........................
Direct loans, gross ......................................................................
Allowance for estimated uncollectible loans and interest (–)

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

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

2999

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

1699

Program and Financing (in millions of dollars)

21.40
22.00
22.40

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

4
¥1
¥1

1604
1606

REVOLVING FUND (LIQUIDATING PROGRAMS)

2006 actual

1290

6
¥1
¥1

1101
1601
1603

Identification code 86–4015–0–3–451

1210
1251
1263

Program and Financing (in millions of dollars)
Identification code 86–0198–0–1–451

2006 actual

2007 est.

2008 est.

Obligations by program activity:
Community development loan guarantee credit subsidy ............................................................................
5
3
1
00.07 Upward Reestimate of Loan Guarantee ........................
2
7 ...................
00.08 Interest on reestimate ................................................... ...................
1 ...................
00.09 Administrative expense ..................................................
1 ................... ...................
00.02

10.00

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

21.40
22.00

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

3
7

2
2
11 ...................

23.90
23.95

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

10
¥8

13
¥11

2
¥1

24.40

Unobligated balance carried forward, end of year

522

COMMUNITY PLANNING AND DEVELOPMENT—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2008

COMMUNITY DEVELOPMENT LOAN GUARANTEES PROGRAM
ACCOUNT—Continued

estimated on a present value basis; the administrative expenses are estimated on a cash basis.

Program and Financing (in millions of dollars)—Continued
Identification code 86–0198–0–1–451

2006 actual

Object Classification (in millions of dollars)

2007 est.

2008 est.
Identification code 86–0198–0–1–451

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

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

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

70.00

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

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

2006 actual

12.1
33.0
43.0

Direct obligations:
Civilian personnel benefits ............................................
Investments and loans ..................................................
Interest and dividends ...................................................

99.9

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

2007 est.

2008 est.

1 ................... ...................
5
10
1
2
1 ...................
8

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

17
13
8
8
11
1
¥11
¥16
¥5
¥1 ................... ...................
13

COMMUNITY DEVELOPMENT LOAN GUARANTEES FINANCING ACCOUNT
Program and Financing (in millions of dollars)
Identification code 86–4096–0–3–451

2006 actual

2007 est.

2008 est.

87.00

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

7
11

Guaranteed loan levels supportable by subsidy budget
authority:
215001 Community development loan guarantee levels ...........
215999 Total loan guarantee levels ...........................................
Guaranteed loan subsidy (in percent):
232001 Community development loan guarantee levels ...........

2006 actual

11 ...................
16
5

2007 est.

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

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

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

21.40
22.00

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

86
10

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

96
¥6

Unobligated balance carried forward, end of year

104

113

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
Identification code 86–0198–0–1–451

24.40

3 ................... ...................
5
8
5
3
8 ...................

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

23.90
23.95

10.00

86.90
86.93
86.97

Obligations by program activity:
08.02 Payment of Downward Reestimate to Receipt Account
08.04 Payment of Downward Reestimate to Receipt Account
(Interest) ....................................................................

2008 est.

220

136

220

136

2.20

2.17

2.20

232999 Weighted average subsidy rate .....................................
Guaranteed loan subsidy budget authority:
233001 Community development loan guarantee levels ...........

2.20

2.17
3

233999 Total subsidy budget authority ......................................
Guaranteed loan subsidy outlays:
234001 Community development loan guarantee levels ...........

234999 Total subsidy outlays .....................................................
Guaranteed loan upward reestimates:
235001 Community development loan guarantee levels ...........

69.90

2.20

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

72.40
73.10
73.20
74.00

Spending authority from offsetting collections
(total mandatory) .............................................
Change in obligated balances:
Obligated balance, start of year ...................................
Total new obligations ....................................................
Total financing disbursements (gross) .........................
Change in uncollected customer payments from Federal sources (unexpired) ............................................

¥5 ...................

237999 Total downward reestimate subsidy budget authority

¥6

¥5 ...................

Outlays (gross), detail:
Total financing disbursements (gross) .........................

104
9

110
113
¥6 ...................

¥4 ................... ...................
10

¥17
¥13
¥7
6
6 ...................
¥6 ................... ...................
4 ................... ...................
¥13

¥7

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

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

¥6

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

87.00
235999 Total upward reestimate budget authority ....................
Guaranteed loan downward reestimates:
237001 Community development loan guarantee levels ...........

74.40

90
20

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

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

Guaranteed Loans.—The 2008 Budget requests no funding
for the Community Development Loan Guarantee program
(Section 108). The program activities can be funded with Community Development Block Grant (CDBG) funds and/or other
private financing options, and is proposed to be terminated
as a part of the broader CDBG and federal economic development program reforms.
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

¥10
¥4

¥16
¥4

¥5
¥4

88.90

3510
3590

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

¥14

¥20

¥9

88.95

89.00
90.00

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

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

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

2006 actual

135
159

2007 est.

2008 est.

136 ...................
74
74

HOUSING PROGRAMS
Federal Funds

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
2142
2143

Uncommitted loan guarantee limitation ....................... ................... ................... ...................
Uncommitted limitation carried forward .......................
¥74
¥74
¥29

2150
2199

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

220
220

136
136

90.00

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

2290

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

2299

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

2,302
358
¥274

2,386
270
¥183

2,473
198
¥175

2,386

2,473

2,496

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

Status of Guaranteed Loans (in millions of dollars)

45
45

Identification code 86–4097–0–3–451

Cumulative balance of guaranteed loans outstanding:
2210 Outstanding, start of year .............................................
2231 Disbursements of new guaranteed loans ......................
2251 Repayments and prepayments ......................................

523

2006 actual

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

2007 est.

2008 est.

39
¥2

37
¥2

2,473

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

2299
2,386

2290

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

2,496

Guaranteed loans.—The Community Development Loan
Guarantee program has provided a mechanism for the Federal
guarantee of private loans. The financing account shows the
status of privately financed guaranteed loan commitments
made in and after 1992. No funding is requested for new
section 108 loans in 2008. An accompanying liquidating account shows activity for Federal Financing Bank (FFB) direct
loan activity obligated prior to July 1, 1986, and any pre–
1992 loan guarantee activity.
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.

Guaranteed loans.—Guaranteed loan assistance under the
Community Development Loan Guarantee program is 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.
Until 1986, the Federal Financing Board (FFB) in the Department of Treasury financed these guaranteed loans. The Consolidated Omnibus Budget Reconciliation Act of 1985 required
private financing of all loan guarantees committed after July
1, 1986. The 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 liquidating 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.

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

1101

2005 actual

2006 actual
Identification code 86–4097–0–3–451

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

2005 actual

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

2999

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

1999

4999

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

1999

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

72.40
74.10
74.40

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

2006 actual

2007 est.

2008 est.

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

¥4

¥3

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

¥3

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

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

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

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

89.00

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

FOR THE

ELDERLY

(INCLUDING TRANSFER OF FUNDS)

Spending authority from offsetting collections
(total mandatory) ............................................. ................... ................... ...................
Change in obligated balances:
Obligated balance, start of year ...................................
Change in uncollected customer payments from Federal sources (expired) ................................................

Federal Funds

Program and Financing (in millions of dollars)

69.90

–4

HOUSING

–4

HOUSING PROGRAMS

COMMUNITY DEVELOPMENT LOAN GUARANTEES LIQUIDATING
ACCOUNT

Identification code 86–4097–0–3–451

2006 actual

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, $575,000,000, to remain
available until September 30, 2011, of which up to $415,450,000 shall
be for capital advance and project-based rental assistance awards,
including up to $25,000,000 for a demonstration program that
leverages project awards with other sources of development financing,
such as tax credit incentives, to expand housing assistance: Provided,
That, of the amount provided under this heading, up to $71,000,000
shall be for service coordinators and the continuation of existing congregate service grants for residents of assisted housing projects, and
of which up to $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 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: Pro-

524

HOUSING PROGRAMS—Continued
Federal Funds—Continued

HOUSING

FOR THE

THE BUDGET FOR FISCAL YEAR 2008
ELDERLY—Continued

(INCLUDING TRANSFER OF FUNDS)—Continued

vided further, That $1,400,000 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.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

all housing previously supported will continue to receive operating subsidies. Finally, congregate services and other supportive social services for residents, such as benefit counseling, will receive $71 million, and upgrades of developments
to assisted living facilities are funded at $25 million.
HOUSING FOR THE ELDERLY
2006 actual

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

2006 actual

HOUSING
2007 est.

753
138

725
165

700
189

10.00

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

891

890

889

21.40
22.00
22.10

1,009
726

834
747

691
575

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

16 ................... ...................
1,751
1,581
1,266
¥891
¥890
¥889
¥26 ................... ...................
834

691

377

742
747
575
¥7 ................... ...................
¥9 ................... ...................

43.00

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

726

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

4,212

4,227

4,242

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

922

875

874

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

726
922

747
875

575
874

89.00
90.00

747

575

4,266
4,212
4,227
891
890
889
¥922
¥875
¥874
¥7 ................... ...................
¥16 ................... ...................

88,418

2008 est.

94,351

FOR

PERSONS WITH DISABILITIES

(INCLUDING TRANSFER OF FUNDS)

2008 est.

Obligations by program activity:
00.01 Expansion .......................................................................
00.02 Rental assistance renewal and operating expenses

2007 est.

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

82,359

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 (42 U.S.C. 8013), 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, $125,000,000, to remain
available until September 30, 2011: Provided, That $600,000 shall
be transferred to the Working Capital Fund: Provided further, That
up to $29,500,000 shall be for additional housing assistance under
section 811(b)(2) including up to $15,000,000 for a demonstration
program that leverages project awards with other sources of development financing, such as tax credit incentives, to expand housing assistance: Provided further, That, of the amount provided under this heading up to $74,745,000 shall be for tenant-based assistance contracts
including renewal or amendment of such contracts: 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.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)

This account consolidates activities 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. For the first time in 2008, the account is displayed as two general activities—‘‘Expansion’’ and ‘‘Rental Assistance Renewal and Operating Expenses’’—to provide better
information on programmatic functions and resource usage.
Expansion funds include capital grants for new unit construction and project rental assistance provided for an initial period to each new project, while Rental Assistance Renewal
and Operating Expenses cover the cost of activities associated
with existing units and other expenses. Up to $25 million
of 2008 Expansion funds may be used for a demonstration
project that leverages additional capital from various
sources—such as private investors through tax credits—to
support the construction of additional elderly housing units.
The 2008 Budget expands the number of housing units
assisted by this program by providing $415 million to construct approximately 3,000 new units of housing. In addition,

Identification code 86–0237–0–1–604

2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.01 Expansion .......................................................................
00.02 Rental assistance renewal and operating expenses

177
92

160
95

150
100

10.00

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

269

255

250

21.40
22.00
22.10

276
231

230
240

215
125

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

10 ................... ...................
517
470
340
¥269
¥255
¥250
¥18 ................... ...................
230

215

239
240
125
¥2 ................... ...................
¥6 ................... ...................

43.00

231

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

240

125

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
73.20

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

1,170

1,165

1,156

86.93

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

301

260

259

89.00
90.00

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

231
301

240
260

125
259

1,215
1,170
1,165
269
255
250
¥301
¥260
¥259
¥3 ................... ...................
¥10 ................... ...................

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.
For the first time in 2008, the account is displayed as two
general activities—‘‘Expansion’’ and ‘‘Rental Assistance Renewal and Operating Expenses’’—to provide better information on programmatic functions and resource usage. Expansion funds include capital grants for new housing unit construction and project rental assistance provided for an initial
period to each new project, while Rental Assistance Renewal
and Operating Expenses cover costs associated with existing
units and other expenses. Up to $15 million of 2008 Expansion funds may be used for a demonstration project that
leverages additional capital from various sources—such as private investors through tax credits—to support the construction of additional disabled housing units..
HOUSING FOR PERSONS WITH DISABILITIES
2006 actual

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

23,243

2007 est.

24,759

2008 est.

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

¥5

86.90

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

89.00
90.00

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

50
5

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 2008, it is being proposed
as a stand alone account.
The Housing Counseling Assistance Program supports the
delivery of a wide variety of housing counseling services to
homebuyers, homeowners, low- to moderate-income renters
and the homeless. The primary objectives of the program
are to expand homeownership opportunities, improve access
to affordable housing and aid in HUD’s commitment to bridging the gap of homeownership of minorities and other underserved groups in comparison to the National homeownership
rate.
f

OTHER ASSISTED HOUSING PROGRAMS
RENTAL HOUSING ASSISTANCE
For amendments to contracts under section 101 of the Housing
and Urban Development Act of 1965 (12 U.S.C. 1701s) and section
236(f)(2) of the National Housing Act (12 U.S.C. 1715z–1) in Stateaided, non-insured rental housing projects, $27,600,000, to remain
available until expended.

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, $50,000,000, to remain available until September 30, 2009: 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, meeting their financial needs
by accessing home equity, and meeting the responsibilities of tenancy
or homeownership, including provisions for training and for support
of voluntary agencies and services.

(CANCELLATION)

Of the amounts made available under the heading ‘‘Rent Supplement’’ in Public Law 98–63 for amendments to contracts under section
101 of the Housing and Urban Development Act of 1965 (12 U.S.C.
1701s) and section 236(f)(2) of the National Housing Act (12 U.S.C.
1715z–1) in State-aided, non-insured rental housing projects,
$27,600,000 is cancelled.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)
Identification code 86–0206–0–1–999

2007 est.

2008 est.

10.00

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

Program and Financing (in millions of dollars)
2006 actual

2006 actual

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

21.40
22.00
22.10

Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Identification code 86–0156–0–1–604

525

2008 est.

492
26

970
970
25 ...................

00.01

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

10.00

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

23.90
23.95

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

984
¥14

995
¥25

970
¥28

22.00
23.95

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

50
¥5

24.40

Unobligated balance carried forward, end of year

970

942

24.40

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

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
26
25
40.36
Unobligated balance permanently reduced .............. ................... ...................

28
¥28

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

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

73.10

43.00
60.00
60.49

466 ................... ...................

26
623
¥623

25 ...................
578
¥578

578
¥578

526

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2008

OTHER ASSISTED HOUSING PROGRAMS—Continued

HOMEOWNERSHIP

(CANCELLATION)—Continued

AND OPPORTUNITY FOR PEOPLE
GRANTS (HOPE GRANTS)

EVERYWHERE

Program and Financing (in millions of dollars)
Program and Financing (in millions of dollars)—Continued
Identification code 86–0196–0–1–604
Identification code 86–0206–0–1–999

62.50

2006 actual

2007 est.

2008 est.

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

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

6,861
5,833
5,307
14
25
28
¥576
¥551
¥505
¥466 ................... ...................
5,833

5,307

15 ...................
536
505

87.00

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

576

551

89.00
90.00

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

26
576

25 ...................
551
505

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

104
509
6,861
5,833

509
457
5,833
5,307

505

457
356
5,307
4,813

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.
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.
This account includes funding necesssary to amend Rent
Supplement and Rental Assistance Payment (RAP) contracts
in state-aided multifamily housing projects to address cost
increases beyond the maximum annual payment limitation
previously established for the affected contracts. As some of
these rental assistance contracts are terminated due to prepayments or other reasons, remaining balances are recovered.
The account includes language to cancel the amounts recovered from projects where rental assistance has been terminated.
The table below provides a summary of outlays by program.

2008 est.

8
¥1

7
¥1

6
¥1

74.40

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

86.93

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

89.00
90.00

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 I, from FHA-insured and Government-held multifamily
properties in HOPE II, and from Government-owned or -held
single family properties in HOPE III. 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. This schedule
reflects the expenditure 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 $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 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 2008 so as to result in
a final fiscal year 2008 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 2008
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, as provided herein, may use such collections, as
well as fees collected under section 620, for necessary expenses of
such Act: Provided further, That notwithstanding the requirements
of section 620 of such Act, the Secretary may carry out responsibilities
of the Secretary under such Act through the use of approved service
providers that are paid directly by the recipients of their services.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)
Identification code 86–0234–0–1–376

2006 actual

2007 est.

2008 est.

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

SUMMARY OF OUTLAYS
(in millions of dollars)
2006 actual

Total .............................................................................................
Rent supplement .........................................................................
Homeownership assistance (Section 235) ..................................
Rental housing assistance (Section 236) ...................................
College housing grants ...............................................................

2007 est.

4,830

Outlays (gross), detail:
86.90 Outlays from new discretionary authority ..................... ...................
86.93 Outlays from discretionary balances .............................
576

authority
authority
authority
authority

2006 actual

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

576
50
4
516
6

2007 est.

551
50
4
491
6

2008 est.

505
50
3
446
6

16
20
20
4 ................... ...................

23.90

Total budgetary resources available for obligation

24.40

Unobligated balance carried forward, end of year

New budget authority (gross), detail:
Discretionary:

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
40.00

Appropriation .............................................................

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

527

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

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

10
5

4
14

23.90
23.95

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

15
¥11

18
¥14

24.40

Unobligated balance carried forward, end of year

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

Change in obligated balances:
74.40
Obligated balance, end of year ................................ ................... ................... ...................

21.40
22.00

Change in obligated balances:
Obligated balance, start of year ................................... ................... ...................
Total new obligations ....................................................
11
14
Total outlays (gross) ......................................................
¥11
¥28

¥14
14
¥28

¥14

¥28

INTERSTATE LAND SALES
Special and Trust Fund Receipts (in millions of dollars)
Identification code 86–5270–0–2–376

01.00

2006 actual

2007 est.

72.40
73.10
73.20

2008 est.

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

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

74.40

01.99

04.00

Total: Balances and collections ....................................
Appropriations:
05.00 Interstate land sales .....................................................
07.99

¥1

86.97
86.98

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

5
6

14
14

87.00

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

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

¥5

¥14

¥1

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

Program and Financing (in millions of dollars)
Identification code 86–5270–0–2–376

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

2006 actual

2007 est.

2008 est.

89.00
90.00

00.01

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

10.00

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

22.00
23.95

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

1
¥1

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

73.10
73.20

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

1
¥1

86.97

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

89.00
90.00

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

1
1

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.

FLEXIBLE SUBSIDY FUND
Program and Financing (in millions of dollars)
Identification code 86–4044–0–3–604

2007 est.

2008 est.

Program and Financing (in millions of dollars)
2006 actual

2007 est.

3
38

41
33

74
33

23.90

Total budgetary resources available for obligation

107

Unobligated balance carried forward, end of year

107

New budget authority (gross), detail:
Discretionary:
58.00
Spending authority from offsetting collections: Offsetting collections (cash) .....................................

RENTAL HOUSING ASSISTANCE FUND

2008 est.

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

72.40
73.20

10.00

74.40

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

2006 actual

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

24.40

Identification code 86–4041–0–3–604

The Housing and Urban Development Act of 1968 authorized the Secretary to establish a revolving fund into which
rental collections in excess of the established basic rents for
units in Section 236 subsidized projects would be deposited.
The Housing and Community Development Amendment of
1978 authorized the Secretary, subject to approval in appropriation acts, to transfer excess rent collections received after
1978 to the Troubled Projects Operating Subsidy program,
renamed the Flexible Subsidy Fund. Prior to that time, collections were used for paying tax and utility increases in Section
236 projects. The Housing and Community Development Act
of 1980 amended the 1978 Act by authorizing the transfer
of excess rent collections regardless of when collected. This
Budget proposes that the resources from the Rental Housing
Assistance Fund continue to be transferred to the Flexible
Subsidy Fund, with the exception of amounts required to
make refunds of excess income remittances as authorized by
Public Law 106–569.

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

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

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

528

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2008
58.00

FLEXIBLE SUBSIDY FUND—Continued

Spending authority from offsetting collections: Offsetting collections (cash) .....................................

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

Program and Financing (in millions of dollars)—Continued
Identification code 86–4044–0–3–604

86.93

2006 actual

2007 est.

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

72.40
73.20

2008 est.

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

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

¥10
¥28

¥5
¥28

88.90

¥38

¥33

89.00
90.00

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

86.93

Status of Direct Loans (in millions of dollars)
Identification code 86–4044–0–3–604

74.40

2006 actual

2007 est.

2008 est.

1210
1251

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

703
¥4

699
¥4

695
¥4

1290

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

699

695

Change in obligated balances:
Obligated balance, start of year ...................................
11
Total outlays (gross) ...................................................... ...................

11
¥1

10
¥1

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

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

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

89.00
90.00

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

691

The Flexible Subsidy Fund assisted financially troubled
subsidized projects under certain FHA authorities. The subsidies were intended to prevent potential losses to the FHA
fund resulting from project insolvency and to preserve these
projects as a viable source of housing for low and moderateincome tenants. Priority was given to projects with Federal
insurance-in-force and then to those with mortgages that had
been assigned to the Department of Housing and Urban Development.
Balance Sheet (in millions of dollars)
Identification code 86–4044–0–3–604

2005 actual

2006 actual

1101
1601
1602
1603

44
707
87
–591

43
670
95
–567

1699

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

203

198

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

247

241

–308
552

–376
613

1999

2999

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

244

237

4999

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

247

241

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

FEDERAL HOUSING ADMINISTRATION
MUTUAL MORTGAGE INSURANCE PROGRAM ACCOUNT
(INCLUDING TRANSFERS OF FUNDS)

During fiscal year 2008, 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 2008, 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, $351,450,000, of which not to exceed
$347,490,000 shall be transferred to the appropriation for ‘‘Salaries
and expenses’’; and not to exceed $3,960,000 shall be transferred to
the appropriation for ‘‘Office of Inspector General’’. In addition, for
administrative contract expenses, $77,400,000, of which $25,550,000
shall be transferred to the Working Capital Fund, and of which up
to $5,000,000 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, 2008, an
additional $1,400 for administrative contract expenses shall be available for each $1,000,000 in additional guaranteed loan commitments
(including a pro rata amount for any amount below $1,000,000), but
in no case shall funds made available by this proviso exceed
$30,000,000.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)

NEHEMIAH HOUSING OPPORTUNITY FUND

Identification code 86–0183–0–1–371

Program and Financing (in millions of dollars)

2006 actual

2007 est.

2008 est.

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

Obligations by program activity:
00.07 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 .........................................................................

2,881
523
351
62

23.90

Total budgetary resources available for obligation

10.00

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

3,817

1,764

429

24.40

Unobligated balance carried forward, end of year

1
22.00
22.22

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

414
3,404

414
429
1,350 ...................

Identification code 86–4071–0–3–604

New budget authority (gross), detail:
Discretionary:

2006 actual

2007 est.

2008 est.

1,148 ...................
202 ...................
362
352

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
23.90
23.95
23.98
24.40

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

3,818
1,764
429
¥3,817
¥1,764
¥429
¥1 ................... ...................

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

418
414
429
¥4 ................... ...................

43.00

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

414

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

378
36
3,404

346
358
68
68
1,350 ...................

87.00

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

3,818

1,764

426

89.00
90.00

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

414
3,818

414
1,764

429
426

414

429

94
82
82
3,817
1,764
429
¥3,818
¥1,764
¥426
¥11 ................... ...................
82

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

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

2006 actual

2007 est.

2008 est.

115999 Total direct loan levels ..................................................
Direct loan subsidy (in percent):
132001 MMI Fund, Direct loans .................................................

0.00

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

51,783

44,418

39,705

51,783

44,418

39,705

¥1.70

¥0.37

¥0.01

232999 Weighted average subsidy rate .....................................
Guaranteed loan subsidy budget authority:
233001 MMI Fund, Section 203(b) .............................................

¥1.70

¥0.37
¥164

¥4

233999 Total subsidy budget authority ......................................
Guaranteed loan subsidy outlays:
234001 MMI Fund, Section 203(b) .............................................

¥880

¥164

¥4

¥880

¥164

¥4

234999 Total subsidy outlays .....................................................
Guaranteed loan upward reestimates:
235001 MMI Fund, Section 203(b) .............................................

¥880

¥164

¥4

3,404

235999 Total upward reestimate budget authority ....................
Guaranteed loan downward reestimates:
237001 MMI Fund, Section 203(b) .............................................
237999 Total downward reestimate subsidy budget authority

to reform FHA, including the consolidation of all single family
programs under this account.
In 2002, the President issued America’s Homeownership
Challenge to increase first-time minority homeowners by 5.5
million through 2010. The Budget continues Administration
efforts to modernize FHA with proposals for new mortgage
products targeted toward families who face the obstacles of
having poor credit histories or little savings. These new mortgages will have premiums tied to credit records and the size
of downpayments. This will result in more families having
access to mortgage financing and will reward families with
lower mortgage payments for having good credit histories and
saving more for downpayments. The Budget also proposes
to increase the FHA single-family loan limit from 87 percent
to 100 percent of the conforming loan limit.
Because of adverse loan performance and improved estimation techniques, the baseline credit subsidy rate for FHA’s
single family program—assuming no programmatic changes—
is positive, meaning that total costs exceed receipts on a
present value basis, and therefore would require appropriations of credit subsidy budget authority to continue operation.
The 2008 baseline includes no budget authority to cover these
costs and assumes FHA would use its existing authorities
to increase premiums to avoid the need for credit subsidy
appropriations. Under the Budget’s policy proposals, FHA will
be able to set premiums that are based on risk and are
sufficient to avoid the need for credit subsidy appropriations.
The Budget also proposes to move the Condominium, the
Section 203(k) rehabilitation and Home Equity Conversion
programs from the General and Special Risk funds to the
MMI fund in order to consolidate single-family programs in
one fund. The proposal includes a removal of the statutory
cap on the number of Home Equity Conversion Mortgages
insured by FHA. The effects of these proposals are illustrated
in separate schedules published for the MMI and General
and Special Risk funds.
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.

¥0.01

¥880

529

215999 Total loan guarantee levels ...........................................
Guaranteed loan subsidy (in percent):
232001 MMI Fund, Section 203(b) .............................................

Object Classification (in millions of dollars)
Identification code 86–0183–0–1–371

3510
3580
3590

Administrative expense data:
Budget authority ............................................................
Outlays from balances ...................................................
Outlays from new authority ...........................................

2006 actual

2007 est.

2008 est.

1,350 ...................

41.0
43.0

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

370
2,881
523

385
376
1,148 ...................
202 ...................

3,404

1,350 ...................

99.9

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

3,817

1,764

¥103

¥554 ...................

¥103

¥554 ...................

414
36
378

414
5
409

429
5
420

The Federal Housing Administration (FHA) provides mortgage insurance to encourage lenders to make credit available
to expand homeownership and to serve borrowers for which
the conventional market does not adequately provide. These
include first-time homebuyers, minorities, lower-income families, and residents of underserved areas (central cities and
rural areas). .
In 2008, FHA is requesting an aggregate limitation of $185
billion on loan guarantees and is proposing legislative changes

25.2
25.3

429

FHA—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)
Identification code 86–0183–2–1–371

2006 actual

2007 est.

Guaranteed loan levels supportable by subsidy budget
authority:
215001 MMI Fund, Section 203(b) ............................................. ................... ...................
215004 MMI HECM ...................................................................... ................... ...................
215999 Total loan guarantee levels ........................................... ................... ...................
Guaranteed loan subsidy (in percent):
232001 MMI Fund, Section 203(b) ............................................. ................... ...................
232004 MMI HECM ...................................................................... ................... ...................
232999 Weighted average subsidy rate ..................................... ................... ...................
Guaranteed loan subsidy budget authority:
233001 MMI Fund, Section 203(b) ............................................. ................... ...................

2008 est.

17,291
25,000
42,291
¥0.59
¥1.35
¥0.82
¥338

530

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2008

FHA—MUTUAL MORTGAGE INSURANCE PROGRAM ACCOUNT—
Continued

1231
1251

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

1290

Identification code 86–0183–2–1–371

2006 actual

2007 est.

2008 est.

233004 MMI HECM ...................................................................... ................... ...................

¥338

233999 Total subsidy budget authority ...................................... ................... ...................
Guaranteed loan subsidy outlays:
234001 MMI Fund, Section 203(b) ............................................. ................... ...................
234004 MMI HECM ...................................................................... ................... ...................

¥676

234999 Total subsidy outlays ..................................................... ................... ...................

¥676

¥338
¥338

FHA—MUTUAL MORTGAGE INSURANCE DIRECT LOAN FINANCING
ACCOUNT
Program and Financing (in millions of dollars)
Identification code 86–4242–0–3–371

00.01
00.02
00.03

2006 actual

Obligations by program activity:
Direct loans ....................................................................
3
Interest paid to Treasury ............................................... ...................
Claims & other ..............................................................
1

2007 est.

2008 est.

50
2
4

3
¥4

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

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

5
5
¥1

5 ...................
105
105
¥54
¥49

23.90
23.95

9
¥4

56
¥56

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

56
¥56

Balance Sheet (in millions of dollars)
2005 actual

Unobligated balance carried forward, end of year

2006 actual

ASSETS:
1101 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 (–) ..................................................

1
–3

1499

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

–2

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

2999

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

4999

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

1999
24.40

50
¥50

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

Identification code 86–4242–0–3–371

10.00

50
¥50

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 2008 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.

50
2
4

Disbursements: Direct loan disbursements ...................
Repayments: Repayments and prepayments .................

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

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

70.00

105

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

FHA—MUTUAL MORTGAGE INSURANCE GUARANTEED LOAN
FINANCING ACCOUNT

Change in obligated balances:
73.10 Total new obligations ....................................................
73.20 Total financing disbursements (gross) .........................

4
¥4

56
¥56

Outlays (gross), detail:
Total financing disbursements (gross) .........................

87.00

Program and Financing (in millions of dollars)
Identification code 86–4587–0–3–371

00.01
00.02
00.03

Obligations by program activity:
Loan guarantee default claim payments ......................
Interest on Treasury Borrowing ......................................
Other capital investment & operating expenses ...........

2006 actual

2007 est.

2008 est.

¥1
¥50
¥4

¥4

¥55

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

50
1

88.90

89.00
90.00

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

5,317
342
662

5,685
278
489

6,185
245
426

Subtotal, capital/operating expenses ........................
Payment of negative subsidy to capital reserve for
new business .............................................................
Reestimate of loan guarantee subsidy (downward reestimates) ..................................................................
Interest on reestimates of loan guarantee subsidy
Loan modification payment (negative subsidy) to capital reserve account 86–0236 ...................................

6,321

6,452

6,856

880

190

08.91

Direct Program by Activities—Subtotal (1 level)

992

757

10.00

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

7,313

7,209

6,860

3,389
9,981

4,313
9,996

5,100
7,472

00.91
08.01
08.02
08.04
08.05

39
64

512 ...................
42 ...................

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

Status of Direct Loans (in millions of dollars)
Identification code 86–4242–0–3–371

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

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

1210

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

2007 est.

2008 est.

50
50
50
¥47 ................... ...................
3

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

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

1 ................... ...................
¥1,745
¥2,000
¥2,000

23.90
23.95

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

11,626
¥7,313

12,309
¥7,209

10,572
¥6,860

24.40

2006 actual

Unobligated balance carried forward, end of year

4,313

5,100

3,712

21.40
22.00
22.10

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
New financing authority (gross), detail:
Mandatory:
67.10
Authority to borrow ....................................................
Spending authority from offsetting collections:
69.00
Offsetting collections ............................................
69.00
Offsetting collections (cash) ................................

535

1,000

3,404
6,042

1,000

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)

1,350 ...................
7,646
6,472

Identification code 86–4587–0–3–371

69.90

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

9,446

8,996

6,472

70.00

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

9,981

9,996

7,472

72.40
73.10
73.20
73.45

74.40

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

1,159

1,304

1,440

87.00

Outlays (gross), detail:
Total financing disbursements (gross) .........................

7,233

7,064

531

2005 actual

2006 actual

6,724

1,080
1,159
1,304
7,313
7,209
6,860
¥7,233
¥7,064
¥6,724
¥1 ................... ...................

4,469

5,473

2,292

1,330

192
290

93
255

343
1
2,405
–1,441

341
1
2,539
–1,257

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

1,308
363

1,624
481

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

8,914

9,256

103
6,235

576
5,025

671
1,803
102

613
2,828
214

1599
1901

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

¥3,404
¥293
¥1,907
¥3,842

¥1,350 ...................
¥236
¥196
¥2,092
¥2,291
¥5,318
¥3,985

88.90

¥9,446

¥8,996

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

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

1999

¥6,472

2999
Net financing authority and financing disbursements:
89.00 Financing authority ........................................................
90.00 Financing disbursements ...............................................

535
¥2,213

1,000
¥1,932

1,000
252

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

8,914

9,256

4999

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

8,914

9,256

FHA—MUTUAL MORTGAGE INSURANCE GUARANTEED LOAN
FINANCING ACCOUNT

Status of Guaranteed Loans (in millions of dollars)
Identification code 86–4587–0–3–371

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 ....................................................................
2264
Other adjustments, net .............................................
2210
2231
2251

2006 actual

(Legislative proposal, not subject to PAYGO)

2007 est.

2008 est.

Program and Financing (in millions of dollars)
Identification code 86–4587–2–3–371

185,000
¥133,217

185,000
¥140,582

185,000
¥145,295

51,783
51,783

44,418
44,418

39,705
39,705

319,846
51,783
¥60,715

304,476
44,418
¥34,509

304,372
39,705
¥33,220

00.01
00.02
00.91
08.01

2006 actual

2007 est.

Obligations by program activity:
Loan guarantee default claim payments ...................... ................... ...................
Interest on Treasury Borrowing ...................................... ................... ...................

2008 est.

41
¥36

Subtotal (capital/operating expenses) ...................... ................... ...................
Payment of negative subsidy to capital reserve account for new busines .............................................. ................... ...................

5
676

10.00

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

681

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

954
¥681

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

273

¥150

¥49

¥57

22.00
23.95

¥5,018

¥5,566

¥6,047

24.40

¥149
¥1,121

¥70
¥4,328

¥81
¥4,381

New financing authority (gross), detail:
Mandatory:
Spending authority from offsetting collections:
69.00
Offsetting collections ............................................ ................... ................... ...................
69.00
Offsetting collections (cash) ................................ ................... ...................
954

2290

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

304,476

304,372

300,291

2299

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

304,476

304,372

300,291

2390

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

954

73.10
73.20
343
341 ...................
150
49
57
¥291 ................... ...................
139
¥390
¥57

Spending authority from offsetting collections
(total mandatory) ............................................. ................... ...................
Change in obligated balances:
Total new obligations .................................................... ................... ...................
Total financing disbursements (gross) ......................... ................... ...................

681
¥829

74.40

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

¥148

87.00

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

69.90

Outlays (gross), detail:
Total financing disbursements (gross) ......................... ................... ...................

829

341 ................... ...................

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

532

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2008

FHA—MUTUAL MORTGAGE INSURANCE GUARANTEED LOAN
FINANCING ACCOUNT—Continued

72.40
74.00

Program and Financing (in millions of dollars)—Continued
Identification code 86–4587–2–3–371

2006 actual

2008 est.

Fees and premiums .............................................. ................... ...................
Recoveries on default ........................................... ................... ...................

¥965
¥15

88.90

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

¥954

Status of Guaranteed Loans (in millions of dollars)
Identification code 86–4587–2–3–371

2006 actual

2007 est.

2008 est.

Position with respect to appropriations act limitation
on commitments:
2111 Limitation on guaranteed loans made by private lenders .............................................................................. ................... ................... ...................
2142 Uncommitted loan guarantee limitation ....................... ................... ...................
42,291
2150
2199

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

¥260

¥199

61 ................... ...................

42,291
42,291

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

¥199

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

¥881
¥103
¥9
¥1,169

¥164
¥4
¥554 ...................
¥13 ...................
¥1,110
¥1,119

88.90

2007 est.

88.40
88.40

89.00
90.00

Change in obligated balances:
Obligated balance, start of year ...................................
Change in uncollected customer payments from Federal sources (unexpired) ............................................

¥2,162

¥1,841

74.40

88.95

89.00
90.00

Total, offsetting collections (cash) .......................
Against gross budget authority only:
Change in uncollected customer payments from
Federal sources (unexpired) ..................................

¥199

¥1,123

61 ................... ...................

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

................... ................... ...................
................... ...................
42,291
................... ...................
¥1,467
................... ...................

¥1

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

¥40

................... ................... ...................
................... ...................
¥349

2290

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

40,434

2299

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

22,642

22,030

21,433

22,030

21,433

20,804

Summary of Budget Authority and Outlays
(in millions of dollars)
2006 actual

2007 est.

2008 est.

Enacted/requested:
Budget Authority ..................................................................... .................... .................... ....................
Outlays ....................................................................................
–2,162
–1,841
–1,123
Legislative proposal, not subject to PAYGO:
Budget Authority ..................................................................... .................... .................... ....................
Outlays .................................................................................... .................... ....................
–676

40,434

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

Total:
Budget Authority ..................................................................... .................... .................... ....................
Outlays ....................................................................................
–2,162
–1,841
–1,799
...................
...................
...................
...................

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

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

FHA—MUTUAL MORTGAGE INSURANCE CAPITAL RESERVE ACCOUNT

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 mandatory 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.

Program and Financing (in millions of dollars)
Identification code 86–0236–0–1–371

2006 actual

Balance Sheet (in millions of dollars)
2007 est.

2008 est.
Identification code 86–0236–0–1–371

2005 actual

2006 actual

21,959
1,841
¥1,350

22,450
1,123
¥4

23.90

Total budgetary resources available for obligation

21,959

22,450

23,569

24.40

Unobligated balance carried forward, end of year

21,959

22,450

23,569

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

728

22,481
362

21,807
775

1999

23,262
2,101
¥3,404

23,571

22,672

2,292

1,330

Total assets ..................................................................................
LIABILITIES:
2101 Federal liabilities: Accounts payable ..........................................
1,273
889

1,664
177

1,119
4

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

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

2,292

1,330

21,279

21,342

3999
69.90

2999

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

21,279

21,342

4999

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

23,571

22,672

¥61 ................... ...................
2,101

1,841

1,123

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

533

(Legislative proposal, not subject to PAYGO)

86.97
86.98

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

49
25

36
31

24
22

Program and Financing (in millions of dollars)

87.00

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

FHA—MUTUAL MORTGAGE INSURANCE CAPITAL RESERVE ACCOUNT

Identification code 86–0236–2–1–371

2006 actual

2007 est.

2008 est.

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

676

24.40

676

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

New budget authority (gross), detail:
Mandatory:
Spending authority from offsetting collections:
69.00
Offsetting collections (cash) ................................ ................... ................... ...................
69.00
Offsetting collections (cash) ................................ ................... ...................
676
69.90

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

89.00
90.00

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

Memorandum (non-add) entries:
92.01 Total investments, start of year: Federal securities:
Par value ................................................................... ................... ................... ...................
92.02 Total investments, end of year: Federal securities:
Net ............................................................................. ................... ...................
846

FHA—MUTUAL MORTGAGE AND COOPERATIVE HOUSING INSURANCE
FUNDS LIQUIDATING ACCOUNT

2006 actual

2007 est.

2008 est.

Obligations by program activity:
01.03 Acquisition of real properties ........................................
01.07 Capitalized expenses .....................................................
01.08 Loss mitigation activities ..............................................

64
2
4

37
9
2

24
6
2

01.91
02.02

Total capital investment ...........................................
Other Operation expenses ..............................................

70
14

48
14

32
14

10.00

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

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year
38
47
21
New budget authority (gross) ........................................
49
36
24
Resources available from recoveries of prior year obligations .......................................................................
44 ................... ...................
22.22 Unobligated balance transferred from other accounts ................... ...................
4
21.40
22.00
22.10

23.90
23.95

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

131
¥84

83
¥62

49
¥46

24.40

Unobligated balance carried forward, end of year

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

74.40

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

¥49

¥36

¥24

Status of Direct Loans (in millions of dollars)
Identification code 86–4070–0–3–371

2006 actual

2007 est.

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year .............................................
3
1264 Write-offs for default: Other adjustments, net ............. ...................
1290

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

2008 est.

3
¥1

2
¥1

Status of Guaranteed Loans (in millions of dollars)
Identification code 86–4070–0–3–371

2210
2251
2262

Cumulative balance of guaranteed loans outstanding:
Outstanding, start of year .............................................
Repayments and prepayments ......................................
Adjustments: Terminations for default that result in
acquisition of property ..............................................

2006 actual

2007 est.

2008 est.

16,074
¥3,237

12,773
¥2,219

10,517
¥1,912

¥64

¥37

¥24

266
232
227
84
62
46
¥74
¥67
¥46
¥44 ................... ...................
232

227

2290

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

12,773

10,517

8,581

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

12,773

10,517

8,581

Addendum:
Cumulative balance of defaulted guaranteed loans
that result in loans receivable:
2310
Outstanding, start of year ........................................
8
7 ...................
2331
Disbursements for guaranteed loan claims .............
2
2
1
2361
Write-offs of loans receivable ................................... ...................
¥9
¥1
2364
Other adjustments, net .............................................
¥3 ................... ...................

Program and Financing (in millions of dollars)

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

2299

72.40
73.10
73.20
73.45

89.00
90.00

¥676

Identification code 86–4070–0–3–371

88.90

676

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.00
Federal sources —negative subsidy from new
business ........................................................... ................... ...................
¥676
88.00
Federal sources—downward reestimates ............ ................... ................... ...................
88.00
Federal sources—loan modification .................... ................... ................... ...................
88.90

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.40
Fees and premiums ..............................................
¥2
¥2
¥2
88.40
Recoveries on defaulted mortgages .....................
¥47
¥34
¥22
88.40
Other ..................................................................... ................... ................... ...................

227

2390

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

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

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 (in-

534

HOUSING PROGRAMS—Continued
Federal Funds—Continued

THE BUDGET FOR FISCAL YEAR 2008

FHA—MUTUAL MORTGAGE AND COOPERATIVE HOUSING INSURANCE
FUNDS LIQUIDATING ACCOUNT—Continued

cluding modifications of loans insured in any year) is recorded
in the corresponding program (86–0183) and financing (86–
4587 and 86–4242) accounts.
In 2002, a new MMI capital reserve account was established to maintain reserves required by statute that were
previously deposited in the liquidating account.
The program activity in the ‘‘Program Highlights’’ table
shown below reflects only the activity in the MMI/CMHI liquidating and financing accounts. The GI/SRI program activity
can be found with the GI/SRI liquidating account (86–4072).
PROGRAM HIGHLIGHTS
(in millions of dollars)
2006 actual

2007 est.

2008 est.

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

$51,783
408,435

$44,418
344,326

$81,996
679,220

Insurance maintenance: Outstanding balance of insurance in force, end of year:
Mortgage insurance (in millions of dollars) .............

$317,249

$314,889

$349,306

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

amended, $8,600,000, to remain available until expended: 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, $229,086,000, of which
$209,286,000 shall be transferred to the appropriation for ‘‘Salaries
and Expenses’’; and of which $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, $78,111,000, of which
$15,692,000 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, 2008, 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.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Balance Sheet (in millions of dollars)

Program and Financing (in millions of dollars)

Identification code 86–4070–0–3–371

2005 actual

ASSETS:
1101 Federal assets: Fund balances with Treasury ..........................
1206 Non-Federal assets: Receivables, net ........................................
1601 Direct loans, gross ......................................................................
1701 Defaulted guaranteed loans, gross ............................................
1703 Allowance for estimated uncollectible loans and interest (–)

2006 actual

304
24
....................
8
–3

279
21
3
7
–3

1704
1706

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

5
16

4
6

1799
1901

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

21
4

10
6

Total assets ..................................................................................
LIABILITIES:
Non-Federal liabilities:
2201 Accounts payable .........................................................................
2204 Liabilities for loan guarantees ...................................................
2207 Unearned revenue and advances, and other ............................

353

319

227
53
113

196
51
35

2999

1999

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

393

282

–40

3999

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

–40

4999

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

353

319

Identification code 86–0200–0–1–371

2006 actual

2007 est.

2008 est.

00.02
00.07
00.08
00.09
00.10

Obligations by program activity:
Guaranteed loan subsidy ...............................................
Reestimate of credit subsidy .........................................
Interest on reestimates of loan guarantee subsidy
Administrative expenses, salaries & expenses transfer
Administrative contract expenses ..................................

3
303
58
229
75

5
14
107 ...................
2 ...................
229
229
71
71

10.00

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

668

414

314

21.40
22.00

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

51
678

57
420

63
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

729
477
379
¥668
¥414
¥314
¥4 ................... ...................
57

320
311
316
¥3 ................... ...................

43.00

317

311

60.00

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

361

109 ...................

70.00

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

678

420

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

101

86.90
86.93
86.97

251
40
361

293
299
16
26
109 ...................

87.00

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

652

418

325

89.00

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

678

420

316

Object Classification (in millions of dollars)
Identification code 86–4070–0–3–371

2006 actual

2007 est.

25.2
32.0
42.0

14
66
4

14
46
2

14
30
2

99.9

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

GENERAL

AND

316

2008 est.

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

99
101
97
668
414
314
¥652
¥418
¥325
¥14 ................... ...................
97

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
90.00

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

652

418

325

Summary of Budget Authority and Outlays
(in millions of dollars)
2006 actual

2007 est.

2008 est.

Enacted/requested:
Budget Authority .....................................................................
678
420
316
Outlays ....................................................................................
652
418
325
Legislative proposal, not subject to PAYGO:
Budget Authority ..................................................................... .................... .................... ....................
Outlays .................................................................................... .................... ....................
–8
Total:
Budget Authority .....................................................................
Outlays ....................................................................................

678
652

420
418

316
317

2006 actual

Guaranteed loan levels supportable by subsidy budget
authority:
215001 Apartments NC/SC .........................................................
615
215002 221d3 NP/Coop owned apts ..........................................
23
215003 Tax Credits NC ...............................................................
867
215005 Apartments Refinance ...................................................
2,566
215006 241a Supplemental Loans for Apts ...............................
4
215007 Operating Loss Loans for Apts (plus 232) ....................
1
215008 HFA Risk Sharing ...........................................................
140
215009 GSE Risk Sharing ...........................................................
9
215010 FHA Full Insurance for Health Care Facilities (plus
241/232) ....................................................................
303
215011 Health Care Refinances .................................................
1,450
215012 Hospitals ........................................................................
943
215013 Other Rental (incl 207(mph), 220, 231) .......................
119
215014 Section 234: Condominiums ..........................................
3,161
215015 Section 203(k): Rehabilitation Mortgages .....................
406
215016 Home Equity Conversion Mortgages ..............................
17,994
215017 Title 1 Property Improvement ........................................
57
215018 Title 1 Manufactured Housing .......................................
44
215022 Standby Authority ........................................................... ...................
215999 Total loan guarantee levels ...........................................
Guaranteed loan subsidy (in percent):
232001 Apartments NC/SC .........................................................
232002 221d3 NP/Coop owned apts ..........................................
232003 Tax Credits NC ...............................................................
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(mph), 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 .......................................

234011
234012
234013
234014
234015
234016
234017
234018

221d3 NP/Coop owned apts ..........................................
1
3
5
Tax Credits NC ...............................................................
¥30
¥20
¥35
Apartments Refinance ...................................................
¥47
¥30
¥107
241a Supplemental Loans for Apts ............................... ................... ...................
1
HFA Risk Sharing ...........................................................
¥1
¥1
¥2
FHA Full Insurance for Health Care Facilities (plus
241/232) ....................................................................
¥1
¥10
¥2
Health Care Refinances .................................................
¥21
¥17
¥48
Hospitals ........................................................................
¥7
¥22
¥24
Other Rental (incl 207(mph), 220, 231) .......................
¥1
¥2
¥6
Section 234: Condominiums ..........................................
¥69
¥48
¥30
Section 203(k): Rehabilitation Mortgages .....................
¥5
1
8
Home Equity Conversion Mortgages ..............................
¥313
¥252 ...................
Title 1 Property Improvement ........................................
1 ................... ...................
Title 1 Manufactured Housing .......................................
1
1 ...................

2007 est.

707
51
928
2,441
4
2
149
9

2008 est.

785
102
1,091
2,374
6
3
156
11

312
339
2,180
3,069
900
900
130
324
3,224
3,419
421
446
8,939 ...................
43
59
59
43
14,501
21,873

28,702

35,000

¥0.18
9.74
¥3.54
¥1.84
5.43
15.89
¥0.67
¥0.83

¥0.61
6.31
¥2.78
¥1.63
3.93
17.34
¥0.68
¥0.89

¥2.02
5.67
¥3.20
¥4.09
2.99
15.43
¥1.25
¥1.42

¥0.76
¥1.26
¥1.76
¥0.73
¥2.19
¥1.12
¥1.74
1.79
1.10

¥2.42
¥0.91
¥1.83
¥1.56
¥1.49
0.31
¥2.82
0.97
0.83

¥0.68
¥1.58
¥2.66
¥1.82
¥0.88
1.89
0.00
0.52
0.13

232999 Weighted average subsidy rate .....................................
¥1.74
¥2.01
¥1.94
Guaranteed loan subsidy budget authority:
233001 Apartments NC/SC .........................................................
¥1
¥4
¥16
233002 221d3 NP/Coop owned apts ..........................................
2
3
6
233003 Tax Credits NC ...............................................................
¥30
¥25
¥35
233005 Apartments Refinance ...................................................
¥45
¥40
¥107
233007 Operating Loss Loans for Apts (plus 232) .................... ................... ...................
1
233008 HFA Risk Sharing ...........................................................
¥1
¥1
¥2
233010 FHA Full Insurance for Health Care Facilities (plus
241/232) ....................................................................
¥3
¥10
¥2
233011 Health Care Refinances .................................................
¥22
¥20
¥48
233012 Hospitals ........................................................................
¥17
¥16
¥24
233013 Other Rental (incl 207(mph), 220, 231) .......................
¥1
¥2
¥6
233014 Section 234: Condominiums ..........................................
¥69
¥48
¥30
233015 Section 203(k): Rehabilitation Mortgages .....................
¥5
1
8
233016 Home Equity Conversion Mortgages ..............................
¥313
¥252 ...................
233017 Title 1 Property Improvement ........................................
1 ................... ...................
233018 Title 1 Manufactured Housing ....................................... ...................
1 ...................

234999 Total subsidy outlays .....................................................
Guaranteed loan upward reestimates:
235024 General and Special Risk ..............................................

¥493
361

109 ...................

235999 Total upward reestimate budget authority ....................
Guaranteed loan downward reestimates:
237024 General and Special Risk ..............................................

361

109 ...................

¥180

¥1,746 ...................

237999 Total downward reestimate subsidy budget authority

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
Identification code 86–0200–0–1–371

234002
234003
234005
234006
234008
234010

¥180

¥1,746 ...................

Administrative expense data:
Budget authority ............................................................
Outlays from balances ...................................................
General and Special Risk ..............................................

297
40
248

3510
3580
3590

¥504

¥413

¥255

¥1

¥3

¥16

¥400

308
12
292

¥256

300
17
285

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 proposes to increase the FHA multifamily loan
limit to account for geographic differences in construction
costs and implements a modest administrative premium for
multifamily loan guarantees to help offset taxpayer costs for
loans to certain developments. The administrative premium
will only apply to the 221d4 new construction/substantial rehabilitation program and the apartment refinancing program.
The Budget also proposes a consolidation of FHA single-family
programs under the Mutual Mortgage Insurance fund, which
would shift several programs currently financed through this
account, as reflected in separate schedules in this section.
Object Classification (in millions of dollars)
Identification code 86–0200–0–1–371

2006 actual

2007 est.

2008 est.

Direct obligations:
Advisory and assistance services ..................................
Other services ................................................................
Other purchases of goods and services from Government accounts ...........................................................
41.0 Grants, subsidies, and contributions ............................

64
11

60
11

229
364

229
114

229
14

99.9

668

414

314

25.1
25.2
25.3

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

FHA—GENERAL

AND

SPECIAL RISK PROGRAM ACCOUNT

(Legislative proposal, not subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 86–0200–2–1–371

233999 Total subsidy budget authority ......................................
Guaranteed loan subsidy outlays:
234001 Apartments NC/SC .........................................................

535

2006 actual

2007 est.

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

2008 est.

¥8

536

HOUSING PROGRAMS—Continued
Federal Funds—Continued

FHA—GENERAL

AND

THE BUDGET FOR FISCAL YEAR 2008

SPECIAL RISK PROGRAM ACCOUNT—Continued

Program and Financing (in millions of dollars)—Continued
Identification code 86–0200–2–1–371

2006 actual

2007 est.

2008 est.

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

¥8

Budgetary resources available for obligation:
23.95 Total new obligations .................................................... ................... ...................

24.40

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

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

¥8
8

10.00

74.40

86.93

Obligated balance, end of year ................................ ................... ................... ...................
Outlays (gross), detail:
Outlays from discretionary balances ............................. ................... ...................

¥8

Net budget authority and outlays:
89.00 Budget authority ............................................................ ................... ................... ...................
90.00 Outlays ........................................................................... ................... ...................
¥8

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
Identification code 86–0200–2–1–371

2006 actual

Guaranteed loan levels supportable by subsidy budget
authority:
215001 Apartments NC/SC .........................................................
215005 Apartments Refinance ...................................................
215014 Section 234: Condominiums ..........................................
215015 Section 203(k): Rehabilitation Mortgages .....................
215022 Standby Authority ...........................................................
Guaranteed loan subsidy (in percent):
232014 Section 234: Condominiums ..........................................
232015 Section 203(k): Rehabilitation Mortgages .....................

2007 est.

2008 est.

63
189
¥3,419
¥446
3,613

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

0.88
¥1.89

232999 Weighted average subsidy rate .....................................
Guaranteed loan subsidy budget authority:
233001 Apartments NC/SC .........................................................
233005 Apartments Refinance ...................................................
233014 Section 234: Condominiums ..........................................
233015 Section 203(k): Rehabilitation Mortgages .....................

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

¥0.60

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

¥1
¥8
30
¥8

233999 Total subsidy budget authority ......................................
Guaranteed loan subsidy outlays:
234001 Apartments NC/SC .........................................................
234005 Apartments Refinance ...................................................
234014 Section 234: Condominiums ..........................................
234015 Section 203(k): Rehabilitation Mortgages .....................

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

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

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

¥1
¥8
30
¥8

234999 Total subsidy outlays ..................................................... ................... ...................

844
1,270

5 ................... ...................
¥50 ................... ...................

23.90
23.95

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

4,386
¥1,673

4,349
¥3,505

2,114
¥1,998

24.40

Unobligated balance carried forward, end of year

2,713

844

116

350

486

400

2,020

1,368

1,088

New financing authority (gross), detail:
Mandatory:
67.10
Authority to borrow ....................................................
Spending authority from offsetting collections:
69.00
Offsetting collections (cash) ................................
69.10
Change in uncollected customer payments from
Federal sources (unexpired) .............................
69.47
Portion applied to repay debt ...............................
69.90

¥45 ................... ...................
¥390
¥218
¥218

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

1,585

1,150

870

70.00

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

1,935

1,636

1,270

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

131
210
260
1,673
3,505
1,998
¥1,634
¥3,455
¥1,801
¥5 ................... ...................
45 ................... ...................

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

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

210

260

457

87.00

Outlays (gross), detail:
Total financing disbursements (gross) .........................

1,634

3,455

1,801

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
88.00
Payments from program account .........................
¥3
¥5
¥14
88.00
Gross Proceeds from sale of mortgage notes
(liquidating) ......................................................
¥2 ................... ...................
88.00
Subsidy reestimate from program account ..........
¥361
¥109 ...................
88.00
Federal Resources -Other ..................................... ................... ................... ...................
88.00
Payment from Liquidating Acct from legislative
savings ............................................................. ...................
¥18
¥18
88.25
Interest on uninvested funds ...............................
¥187
¥187
¥187
88.40
Fees and premiums ..............................................
¥839
¥636
¥453
88.40
Recoveries on defaulted mortgages .....................
¥189
¥4
¥67
88.40
Title I recoveries ...................................................
¥17
¥1
¥1
88.40
Single family property recoveries .........................
¥158
¥336
¥299
88.40
Gross Proceeds from Mortgage Note Sales ..........
¥242
¥46
¥22
88.40
Multifamily property recoveries ............................. ...................
¥1
¥2
88.40
Non-Federal Resources-other ................................
¥22
¥25
¥25
88.90
88.95

AND

2,713
1,636

74.40
...................
...................
...................
...................
...................

FHA—GENERAL

2,496
1,935

SPECIAL RISK GUARANTEED LOAN FINANCING
ACCOUNT

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

¥2,020

¥1,368

¥1,088

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

¥40
¥386

268
2,087

182
713

Program and Financing (in millions of dollars)
Identification code 86–4077–0–3–371

Capital investment, claims and other
Default claims ...............................................................
Interest paid to Treasury ...............................................
Other capital investments and operating expenses
Asset sale negative subsidy payment to the receipt
account ......................................................................
00.14 Contract Costs ...............................................................
00.01
00.02
00.03
00.09

00.91
08.01
08.02
08.04
08.05

2006 actual

2007 est.

Status of Guaranteed Loans (in millions of dollars)

2008 est.

Identification code 86–4077–0–3–371

803
101
67

1,128
60
62

1,517
60
52

2 ................... ...................
13
15
15

Direct Program by Activities—Subtotal (1 level)
986
Payment of negative subsidy to receipt account ..........
507
Downward subsidy rate reestimate ...............................
118
Interest on subsidy rate reestimates ............................
62
Payment of Subsidy to receipt account for savings ...................

1,265
1,644
408
267
1,360 ...................
386 ...................
86
87

08.91

Direct Program by Activities—Subtotal (1 level)

687

2,240

354

10.00

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

1,673

3,505

1,998

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

2006 actual

2007 est.

2008 est.

35,000
¥6,298

35,000
¥14,501

35,000
¥21,873

28,702
28,702

20,499
20,499

13,127
13,127

81,274
27,840
¥17,131

91,180
20,499
¥17,131

93,420
13,127
¥15,137

¥557

¥876

¥1,220

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
2262

2290

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

2299

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

Addendum:
Cumulative balance of defaulted guaranteed loans
that result in loans receivable:
2310
Outstanding, start of year ........................................
2331
Disbursements for guaranteed loan claims .............
2351
Repayments of loans receivable ...............................
2361
Write-offs of loans receivable ...................................
2390

¥240

¥249

¥293

¥6

¥3
93,420

¥8
21

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

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

¥8

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

¥21
21

¥4

91,180

22.00
23.95
24.40

2263

Terminations for default that result in acquisition
of property .............................................................
Terminations for default that result in claim payments ....................................................................

537

89,893

91,180

93,420

89,893

73.10
73.20
655
557
¥403
¥232

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

577
876
¥56
¥21

577

1,376

1,376
1,220
¥94
¥19
2,483

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)

74.40

87.00

2005 actual

Outlays (gross), detail:
Total financing disbursements (gross) ......................... ................... ...................

89.00
90.00

Identification code 86–4077–0–3–371

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

¥21

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

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

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

2006 actual

Status of Guaranteed Loans (in millions of dollars)

2,628

2,924

228

109

6
13

2
10

655
60
387
–655

576
48
350
–633

Identification code 86–4077–2–3–371

2006 actual

2007 est.

2008 est.

Position with respect to appropriations act limitation
on commitments:
2111 Limitation on guaranteed loans made by private lenders .............................................................................. ................... ................... ...................
2142 Uncommitted loan guarantee limitation ....................... ................... ...................
¥3,613
2150
2199

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

¥3,613
¥3,613

Cumulative balance of guaranteed loans outstanding:
Outstanding, start of year ............................................. ................... ................... ...................
Disbursements of new guaranteed loans ...................... ................... ...................
¥3,613
Repayments and prepayments ...................................... ................... ................... ...................

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

447
92

341
23

2210
2231
2251

Total assets ..................................................................................
LIABILITIES:
Federal liabilities:
2101 Accounts payable Intragovernmental ..........................................
2103 Debt ...............................................................................................
2105 Other Federal Liabilities ..............................................................
Non-Federal liabilities:
2201 Accounts payable .........................................................................
2202 Interest payable ............................................................................
2203 Non Federal Debt .........................................................................
2204 Liabilities for loan guarantees ...................................................
2207 Other ..............................................................................................

3,414

3,409

2290

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

¥3,613

297
1,310
....................

1,809
1,230
8

2299

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

¥3,613

49
15
48
1,564
131

21
12
33
156
140

1599
1901
1999

2999

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

3,414

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

3,414

FHA—GENERAL

3,409

4999

AND

SPECIAL RISK DIRECT LOAN FINANCING
ACCOUNT

3,409

Program and Financing (in millions of dollars)
Identification code 86–4105–0–3–371

FHA—GENERAL

AND

2007 est.

2008 est.

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

22.00
23.95

1
¥1

Program and Financing (in millions of dollars)
2006 actual

2007 est.

10.00

SPECIAL RISK GUARANTEED LOAN FINANCING
ACCOUNT

(Legislative proposal, not subject to PAYGO)

Identification code 86–4077–2–3–371

2006 actual

Obligations by program activity:
00.01 Direct loans .................................................................... ...................

2008 est.

08.01

Capital investment, claims and other
Payment of negative subsidy to receipt account .......... ................... ...................

¥21

10.00

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

¥21

New financing authority (gross), detail:
Mandatory:
67.10
Authority to borrow ....................................................
Spending authority from offsetting collections:

538

HOUSING PROGRAMS—Continued
Federal Funds—Continued

FHA—GENERAL

THE BUDGET FOR FISCAL YEAR 2008
22.00

SPECIAL RISK DIRECT LOAN FINANCING
ACCOUNT—Continued

AND

2006 actual

69.00
69.47

Offsetting collections (cash) ................................ ...................
Portion applied to repay debt ...............................
¥1

69.90

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

70.00

24.40

2007 est.

Unobligated balance carried forward, end of year

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

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

¥1
¥1

¥2
¥1

¥1

¥2

¥3

Outlays (gross), detail:
Total financing disbursements (gross) ......................... ...................

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

¥1

2008 est.

1
¥1

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

Change in obligated balances:
73.10 Total new obligations .................................................... ...................
73.20 Total financing disbursements (gross) ......................... ...................

1
¥1

74.40

Outlays (gross), detail:
Total financing disbursements (gross) ......................... ...................

87.00

Offsets:
Against gross financing authority and financing disbursements:
Offsetting collections (cash) from:
88.40
Interest received on loans .................................... ................... ................... ...................
88.40
Repayment of Principal ........................................ ...................
¥1
¥1
88.90

89.00
90.00

Total budgetary resources available for obligation

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

87.00

23.90

Program and Financing (in millions of dollars)—Continued
Identification code 86–4105–0–3–371

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

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

¥1

72.40
73.20

¥1

89.00
90.00

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

Status of Guaranteed Loans (in millions of dollars)
Status of Direct Loans (in millions of dollars)
Identification code 86–4105–0–3–371

2006 actual

Identification code 86–4106–0–3–371
2007 est.

2008 est.

50
¥50

50
¥49

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

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year .............................................
2
1231 Disbursements: Direct loan disbursements ................... ...................
1251 Repayments: Repayments and prepayments ................. ...................

2
1
¥1

1150

1290

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

2006 actual

2007 est.

2008 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
2
2143 Uncommitted limitation carried forward .......................
¥2
¥2
¥2
2150
2199

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

2210
2231
2251

Cumulative balance of guaranteed loans outstanding:
Outstanding, start of year .............................................
4
4
3
Disbursements of new guaranteed loans ...................... ................... ................... ...................
Repayments and prepayments ...................................... ...................
¥1
¥1

2290

As required by the Federal Credit Reform Act of 1990,
this non-budgetary account records all cash flows to and from
the Government resulting from direct loans obligated in 1992
and thereafter (including loan modifications) for FHA’s General Insurance and Special Risk Insurance Fund programs.
The amounts in this account are a means of financing and
are not included in the budget totals. As required by the
Federal Credit Reform Act of 1990, no administrative expenses can be recorded in the financing account.
This schedule includes two direct loan programs. One provides bridge loan financing to facilitate the disposition of multifamily housing owned by the Department to non-profit organizations who agree to preserve it as affordable rental or
cooperative housing. The second is a single-family direct loan
program for purchase money mortgages, as discussed in the
preceding section for the Mutual Mortgage Insurance Fund.

2299

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

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. One loan has been made since
2004.
Balance Sheet (in millions of dollars)
Identification code 86–4106–0–3–371

2005 actual

2006 actual

2007 est.

2999

2008 est.

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

Program and Financing (in millions of dollars)

1999

FHA—LOAN GUARANTEE RECOVERY FUND—FINANCING ACCOUNT

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

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

Identification code 86–4106–0–3–371

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

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

4999

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

HOUSING PROGRAMS—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
FHA—GENERAL

AND

SPECIAL RISK INSURANCE FUNDS LIQUIDATING
ACCOUNT

89.00
90.00

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

539

192
48

513
336

301
264

Program and Financing (in millions of dollars)
Identification code 86–4072–0–3–371

2006 actual

Obligations by program activity:
Operating expenses
00.02
Interest on debentures ..............................................
10
00.03
Other operating costs ................................................ ...................
00.06
PAE & 3rd party restructuring fees ..........................
36
00.91
01.01
01.02
01.03
01.04
01.05
01.10
01.11
01.12
01.13
01.14
01.16
01.91
10.00

15
3
21

2008 est.

15
3
12

Total operating expenses ......................................
46
39
30
Capital investment: Claims and other
Acquisition of defaulted Title I notes .......................
1
1
1
Assignment of mortgages .........................................
52
202
181
Debenture Claims ......................................................
2 ................... ...................
Mark-To-Market Restructures ....................................
175
206
67
Acquisition of real properties ....................................
1
2
2
Capitalized Expenses .................................................
1
55
55
Escrow Advances .......................................................
137
100
100
Upfront Grants ...........................................................
40 ................... ...................
Other .......................................................................... ...................
10
10
M&M Contract ...........................................................
2
3
3
Payment to the Financing Account-Asset Sale .........
2 ................... ...................
Total capital investment .......................................
Total new obligations ................................................

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

23.90
23.95

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

24.40

Unobligated balance carried forward, end of year

New budget authority (gross), detail:
Mandatory:
Appropriation .............................................................
Authority to borrow ....................................................
Spending authority from offsetting collections:
69.00
Offsetting collections (cash) ................................
69.10
Change in uncollected customer payments from
Federal sources (unexpired) .............................
60.00
67.10

69.90

2007 est.

413

579

419

459

618

449

35
624

160 ...................
718
549

28 ................... ...................
¥35
¥160 ...................
¥33
¥100
¥100

Memorandum (non-add) entries:
Total investments, start of year: Federal securities:
Par value ...................................................................
92.02 Total investments, end of year: Federal securities:
Par value ...................................................................
92.01

Status of Direct Loans (in millions of dollars)
Identification code 86–4072–0–3–371

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

2006 actual

2007 est.

2008 est.

15 ................... ...................
¥15 ................... ...................

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

Status of Guaranteed Loans (in millions of dollars)
Identification code 86–4072–0–3–371

Cumulative balance of guaranteed loans outstanding:
2210 Outstanding, start of year .............................................
2251 Repayments and prepayments ......................................
Adjustments:
2261
Terminations for default that result in loans receivable .......................................................................
2262
Terminations for default that result in acquisition
of property .............................................................

2006 actual

2007 est.

2008 est.

8,457
¥1,751

6,475
¥342

5,726
¥303

¥230

¥405

¥249

¥1

¥2

¥1

2290
619
¥459

618
¥618

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

6,475

5,726

5,173

2299

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

6,475

5,366

4,811

449
¥449

160 ................... ...................

183
9

413
100

201
100

426

205

248

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

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

432

205

248

70.00

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

624

718

549

72.40
73.10
73.20
73.45
74.00

Addendum:
Cumulative balance of defaulted guaranteed loans
that result in loans receivable:
2310
Outstanding, start of year ........................................
2,983
2,988
3,360
2331
Disbursements for guaranteed loan claims .............
230
409
249
2351
Repayments of loans receivable ...............................
¥181
¥33
¥35
2361
Write-offs of loans receivable ...................................
¥44
¥4
¥3
2364
Other adjustments, net ............................................. ................... ................... ...................

607
558
635
459
618
449
¥474
¥541
¥512
¥28 ................... ...................
¥6 ................... ...................

74.40

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

558

635

572

86.97
86.98

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

1
473

200
341

98
414

87.00

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

474

541

512

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.40
Fees and premiums ..............................................
88.40
Proceeds from sale of real property .....................
88.40
Proceeds from sale of mortgage notes ................
88.40
Recoveries on defaulted mortgages .....................
88.40
Interest, dividends and revenue ...........................
88.40
Other collections ...................................................

¥74
¥22
¥6
¥283
¥40
¥1

¥73
¥20
¥10
¥47
¥50
¥5

¥118
¥20
¥10
¥45
¥50
¥5

88.90

¥426

¥205

¥248

88.95

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

2390

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

2,988

3,360

3,571

The General Insurance fund provides insurance for a large
number of specialized mortgage insurance programs, including insurance of loans for property improvements, 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 is 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 are
recorded in corresponding program (86–0200) and financing
(86–4077 and 86–4105) accounts.
The Budget proposes to extend restructuring authorities
under the Multifamily Assisted Housing Reform and Affordability Act of 1997 to the end of fiscal year 2011.
Financial Condition.—The following tables reflect the revenues, expenses, and financial condition of the GI/SRI Liquidating Account based on Generally Accepted Accounting Principles.

HOUSING PROGRAMS—Continued
Federal Funds—Continued

540

FHA—GENERAL

AND

THE BUDGET FOR FISCAL YEAR 2008
Spending authority from offsetting collections: Offsetting collections (cash) .....................................

1,515

1,200

72.40
73.10
73.20

49
6
¥51

4
15
¥15

74.40

SPECIAL RISK INSURANCE FUNDS LIQUIDATING
ACCOUNT—Continued

69.00

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

86.97

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

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

¥1,515

¥1,200

Balance Sheet (in millions of dollars)
Identification code 86–4072–0–3–371

2005 actual

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 ...........................................................................
1601 Direct loans, gross ......................................................................

2006 actual

638

712

3
59
15

3
95
....................

1699
1701
1702
1703

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

15
2,983
143
–851

....................
2,988
138
–823

1704
1706

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

2,275
8

2,303
8

1799
1901

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

2,283
–12

2,311
2

1999

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

2,990

3,128

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

26
14
82
1,164
21

15
12
62
447
292

2999

1,354

828

1,683
–47

765
1,535

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

1,636

2,300

4999

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

2,990

3,128

Object Classification (in millions of dollars)
Identification code 86–4072–0–3–371

2006 actual

25.2
32.0
33.0
43.0
44.0

Direct obligations:
Other services ................................................................
Land and structures ......................................................
Investments and loans ..................................................
Interest and dividends ...................................................
Repayments to financing account .................................

99.9

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

2007 est.

2008 est.

38
37
28
42
57
57
367
509
349
10
15
15
2 ................... ...................
459

618

449

HOUSING

FOR THE

ELDERLY

OR HANDICAPPED FUND LIQUIDATING
ACCOUNT

Program and Financing (in millions of dollars)
Identification code 86–4115–0–3–371

2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.02 Maintenance security and collateral .............................
01.01 Operating expenses: Interest on borrowings .................

1
15
15
5 ................... ...................

10.00

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

Budgetary resources available for obligation:
21.40 Unobligated balance carried forward, start of year
22.00 New budget authority (gross) ........................................
22.40 Capital transfer to general fund ...................................
22.60 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
New budget authority (gross), detail:
Mandatory:

15
¥15

73 ................... ...................

Status of Direct Loans (in millions of dollars)
Identification code 86–4115–0–3–371

2006 actual

2007 est.

2008 est.

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year .............................................
6,502
5,520
4,720
1231 Disbursements: Direct loan disbursements ................... ................... ................... ...................
1251 Repayments: Repayments and prepayments .................
¥984
¥800
¥750
1264 Write-offs for default: Other adjustments, net .............
2 ................... ...................
1290

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

5,520

4,720

3,970

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.

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.

2
73 ...................
1,515
1,200
1,200
¥1,199
¥1,258
¥1,185
¥239 ................... ...................
79
¥6

89.00
90.00

Balance Sheet (in millions of dollars)
Identification code 86–4115–0–3–371

ASSETS:
1101 Federal assets: Fund balances with Treasury ..........................
1206 Non-Federal assets: Interest Receivable: Public .......................
1601 Direct loans, gross ......................................................................
1602 Interest receivable ........................................................................
1603 Allowance for estimated uncollectible loans and interest (–)

2005 actual

2006 actual

51
....................
6,502
70
–19

76
62
5,520
....................
–22

1604
1606

Direct loans and interest receivable, net .................................
Acquired Real Property ................................................................

6,553
7

5,498
1

1699

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

6,560

5,499

GOVERNMENT NATIONAL MORTGAGE ASSOCIATION
Federal Funds

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
1999

Total assets ..................................................................................
LIABILITIES:
Federal liabilities:
2102 Interest payable ............................................................................
2103 Debt ...............................................................................................
2207 Non-Federal liabilities: Other ......................................................

6,611
46
239
19

2999

5,637
....................
....................
28

Total liabilities .............................................................................
NET POSITION:
3100 Unexpended Appropriations ..........................................................
3300 Revolving Fund: Cumulative results of operations ...................

304

18
6,289

17
5,592

3999

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

6,307

5,609

4999

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

6,611

5,637

Object Classification (in millions of dollars)
Identification code 86–4115–0–3–371

2006 actual

32.0
43.0

Direct obligations:
Land and structures ......................................................
Interest and dividends ...................................................

99.9

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

2007 est.

2008 est.

1
15
15
5 ................... ...................
6

Trust Funds
MANUFACTURED HOUSING FEES TRUST FUND
Special and Trust Fund Receipts (in millions of dollars)
Identification code 86–8119–0–7–376

01.00

2006 actual

2007 est.

2008 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
10
16
04.00

Total: Balances and collections ....................................
Appropriations:
05.00 Manufactured housing fees trust fund .........................
07.99

¥9

¥10

Program and Financing (in millions of dollars)

Obligations by program activity:
00.01 Transfer to salaries and expenses ................................
00.02 Other program costs ......................................................

The National Manufactured Housing Construction and
Safety Standards Act of 1974, as amended by the Manufactured Housing Improvement Act of 2000, authorizes development and enforcement of appropriate standards for the construction, design, and performance of manufactured homes
to assure their quality, durability, affordability, and safety.
All manufactured homes produced since the standards took
effect on June 15, 1976 must comply with Federal construction and safety standards. The States are actively encouraged
to participate in the program under compliance plans approved by HUD. New program requirements mandated by
the Manufactured Housing Improvement Act of 2000 include
procurement of an Administering Organization, formation of
a Consensus Committee to recommend revisions to and interpretations of the manufactured housing standards, development and implementation of standards for installation of
manufactured housing, and development and implementation
of a dispute resolution program.
Fees are charged to the manufacturers for each manufactured home transportable section produced and 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.

¥16

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

Identification code 86–8119–0–7–376

541

2006 actual

2007 est.

2008 est.

1
9

2
11

2
14

10.00

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

21.40
22.00

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

4
9

23.90
23.95

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

13
¥10

24.40

Unobligated balance carried forward, end of year

3 ...................
10
16
13
¥13

16
¥16

GOVERNMENT NATIONAL MORTGAGE
ASSOCIATION
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.

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

New budget authority (gross), detail:
Discretionary:
40.26
Appropriation (trust fund) .........................................

72.40
73.10
73.20

1
10
¥9

2
13
¥12

3
16
¥16

74.40

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

86.90
86.93

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

5
4

8
4

13
3

87.00

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

89.00
90.00

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

9
9

10
12

16
16

Federal Funds
GUARANTEES

MORTGAGE-BACKED SECURITIES LOAN GUARANTEE
PROGRAM ACCOUNT
(INCLUDING TRANSFER OF FUNDS)

New commitments to issue guarantees to carry out the purposes
of section 306 of the National Housing Act, as amended (12 U.S.C.
1721(g)), shall not exceed $100,000,000,000, to remain available until
September 30, 2009.
For administrative and contract expenses necessary to carry out
the guaranteed mortgage-backed securities program, $54,000,000, to
be derived from the GNMA guarantees of mortgage-backed securities
guaranteed loan receipt account, of which not to exceed $54,000,000,
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, 2008, an additional
$1,000 for administrative contract expenses shall be available for each
$1,000,000 in additional guaranteed loan commitments (including a

542

GOVERNMENT NATIONAL MORTGAGE ASSOCIATION—Continued
Federal Funds—Continued

GUARANTEES

THE BUDGET FOR FISCAL YEAR 2008

MORTGAGE-BACKED SECURITIES LOAN GUARANTEE
PROGRAM ACCOUNT—Continued

(INCLUDING TRANSFER OF FUNDS)—Continued

Identification code 86–0186–0–1–371

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.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Special and Trust Fund Receipts (in millions of dollars)
Identification code 86–0186–0–1–371

01.00

2006 actual

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

2,685

2007 est.

2008 est.

2,851

3,021

Balance, start of year ....................................................
2,685
2,851
Receipts:
02.20 GNMA-guarantees of mortgage backed securities
guarantee loans, Negative subsidies ........................
177
181
02.21 GNMA-guarantees of mortgage backed securities
guarantee loans, Negative subsidies—legislative
proposal subject to PAYGO ....................................... ................... ...................

3,021

01.99

02.99

Total receipts and collections ...................................

177

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

163

181

3,230

2006 actual

2007 est.

2008 est.

81,739

86,000

77,400

81,739

86,000

77,400

¥0.23

¥0.21

232999 Weighted average subsidy rate .....................................
Guaranteed loan subsidy budget authority:
233001 Ginne Mae mortgage-backed securities ........................

¥0.23

¥0.21

¥188

¥181

¥163

233999 Total subsidy budget authority ......................................
Guaranteed loan subsidy outlays:
234001 Ginne Mae mortgage-backed securities ........................

¥188

¥181

¥163

¥188

¥181

¥163

234999 Total subsidy outlays .....................................................

¥188

¥181

¥163

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

11
11

215999 Total loan guarantee levels ...........................................
Guaranteed loan subsidy (in percent):
232001 Ginne Mae mortgage-backed securities ........................

3510
3590

209

Total: Balances and collections ....................................
2,862
3,032
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 ...................................................... ................... ...................

Guaranteed loan levels supportable by subsidy budget
authority:
215001 Ginne Mae mortgage-backed securities ........................

04.00

¥11

¥43

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

05.99

Total appropriations ..................................................

¥11

¥54

(Legislative proposal, not subject to PAYGO)

07.99

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

2,851

3,021

3,176

Program and Financing (in millions of dollars)
Identification code 86–0186–2–1–371

Program and Financing (in millions of dollars)
Identification code 86–0186–0–1–371

2006 actual

2007 est.

2008 est.

2007 est.

2008 est.

00.09

Obligations by program activity:
Administrative expenses, salaries and expenses ..........

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

Total new obligations (object class 25.3) ................ ................... ...................

22.00
23.95

43
¥43

New budget authority (gross), detail:
Discretionary:
40.20
Appropriation (special fund) ..................................... ................... ...................

10.00

2006 actual

Obligations by program activity:
00.09 Administrative expenses, salaries and expenses .......... ................... ...................

New budget authority (gross), detail:
Discretionary:
40.20
Appropriation (special fund) .....................................

73.10
73.20

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

43
¥43

73.10
73.20

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

11
¥11

86.90

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

86.90

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

89.00
90.00

43
43

89.00
90.00

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

11
11

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
Identification code 86–0186–2–1–371

Summary of Budget Authority and Outlays
(in millions of dollars)
2006 actual

2007 est.

43
43

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

54
54

11
11

2008 est.

43
43

2008 est.

Enacted/requested:
Budget Authority .....................................................................
11
11
Outlays ....................................................................................
11
11
Legislative proposal, not subject to PAYGO:
Budget Authority ..................................................................... .................... ....................
Outlays .................................................................................... .................... ....................

11
11

2006 actual

Administrative expense data:
3510 Budget authority ............................................................ ................... ...................
3590 Outlays from new authority ........................................... ................... ...................

11
11

The Budget proposes to consolidate all administrative
spending of the Government National Mortgage Association
(GNMA) under this account. This will result in better oversight of spending, allow for more transparent analysis of
spending and differentiate between administrative and credit
transactions. As a result, spending will increase in this account and decrease in the GNMA Liquidating Account with
no net effect on discretionary spending.

GOVERNMENT NATIONAL MORTGAGE ASSOCIATION—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
GUARANTEES

90.00

OF MORTGAGE-BACKED SECURITIES LOAN GUARANTEE
PROGRAM ACCOUNT

(Legislative proposal, subject to PAYGO)

2006 actual

¥178

¥167

¥185

Status of Guaranteed Loans (in millions of dollars)

Summary of Loan Levels, Subsidy Budget Authority and Outlays by Program (in
millions of dollars)
Identification code 86–0186–4–1–371

Financing disbursements ...............................................

543

2007 est.

Guaranteed loan subsidy (in percent):
232001 Ginne Mae mortgage-backed securities ........................ ................... ...................

Identification code 86–4240–0–3–371

2008 est.

¥0.06

232999 Weighted average subsidy rate ..................................... ................... ...................
Guaranteed loan subsidy budget authority:
233001 Ginne Mae mortgage-backed securities ........................ ................... ...................

¥0.06

233999 Total subsidy budget authority ...................................... ................... ...................
Guaranteed loan subsidy outlays:
234001 Ginne Mae mortgage-backed securities ........................ ................... ...................

¥46

2007 est.

2008 est.

200,000
178,467
¥96,773
¥200,000

100,000
200,000
¥114,000
¥100,000

100,000
100,000
¥22,600
¥100,000

¥46

234999 Total subsidy outlays ..................................................... ................... ...................

2006 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 .......................

¥46

The Budget proposes to charge a six basis point upfront
premium to cover the total cost of administrating GNMA.
Legislation to authorize the premium will be transmitted
early in 2007.

2150
2199

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

81,694
81,694

86,000
86,000

77,400
77,400

2210
2231
2251

412,304
81,694
¥84,090

409,908
86,000
¥81,596

414,312
73,882
¥77,349

2290

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

409,908

414,312

410,845

2299

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

409,908

414,312

410,845

GUARANTEES

Balance Sheet (in millions of dollars)

MORTGAGE-BACKED SECURITIES FINANCING
ACCOUNT

Identification code 86–4240–0–3–371

Program and Financing (in millions of dollars)

2005 actual

2006 actual

2007 est.

2008 est.

00.03
00.04

Obligations by program activity:
Advances and other .......................................................
Operating expenses ........................................................

29
14

37
15

45
15

00.91
08.01

Direct Program by Activities—Subtotal (1 level)
Payment to receipt account for negative subsidy ........

43
177

52
181

60
163

10.00

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

220

233

223

21.40
22.00

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

965
397

1,142
393

1,302
396

23.90
23.95

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

1,362
¥220

1,535
¥233

1,698
¥223

24.40

Unobligated balance carried forward, end of year

1,142

1,302

1,195
26

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

34
–12

1499
1803

Net present value of assets related to direct loans ..............
Other Federal assets: Property, plant and equipment, net ....

....................
382

22
363

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

1,427

1,606

92
353

77
393

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

445

470

982

1,136

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

982

1,136

4999

2006 actual

1,016
29

3999

Identification code 86–4240–0–3–371

ASSETS:
1101 Federal assets: Fund balances with Treasury ..........................
1206 Non-Federal assets: Receivables, net ........................................
Net value of assets related to post–1991 direct loans receivable:
1401 Direct loans receivable, gross ....................................................
1405 Allowance for subsidy cost (–) ..................................................

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

1,427

1,606

1,475

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

397

393

51
220
¥218

53
233
¥226

60
223
¥211

74.40

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

2999

396

72.40
73.10
73.20

1999

GUARANTEES

MORTGAGE-BACKED SECURITIES FINANCING
ACCOUNT

(Legislative proposal, subject to PAYGO)
Program and Financing (in millions of dollars)
Identification code 86–4240–4–3–371

2006 actual

2007 est.

2008 est.

Outlays (gross), detail:
Total financing disbursements (gross) .........................

226

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

22.00
23.95

218

10.00

87.00

Obligations by program activity:
08.01 Payment to receipt account for negative subsidy ........ ................... ...................

46
¥46

211

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

¥60
¥269
¥23
¥13
¥25
¥2
¥5

¥63
¥256
¥17
¥16
¥33
¥2
¥6

¥65
¥254
¥18
¥17
¥34
¥2
¥6

88.90

¥397

¥393

¥396

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

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

24.40

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

46
¥46

73.10
73.20

544

GOVERNMENT NATIONAL MORTGAGE ASSOCIATION—Continued
Federal Funds—Continued

GUARANTEES

THE BUDGET FOR FISCAL YEAR 2008
Memorandum (non-add) entries:
Total investments, start of year: Federal securities:
Par value ...................................................................
92.02 Total investments, end of year: Federal securities:
Par value ...................................................................

MORTGAGE-BACKED SECURITIES FINANCING
ACCOUNT—Continued

92.01

Program and Financing (in millions of dollars)—Continued
Identification code 86–4240–4–3–371

74.40

87.00

2006 actual

2007 est.

8,386

8,721

8,386

8,721

9,070

2008 est.

Summary of Budget Authority and Outlays

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

(in millions of dollars)

Outlays (gross), detail:
Total financing disbursements (gross) ......................... ................... ...................

Offsets:
Against gross financing authority and financing disbursements:
88.40
Offsetting collections (cash) from: Guarantee Fees ................... ...................

89.00
90.00

7,949

¥46

2006 actual

2007 est.

2008 est.

Enacted/requested:
Budget Authority ..................................................................... ....................
43
Outlays ....................................................................................
–433
–335
Legislative proposal, not subject to PAYGO:
Budget Authority ..................................................................... .................... ....................
Outlays .................................................................................... .................... ....................
Total:
Budget Authority ..................................................................... ....................
Outlays ....................................................................................
–433

43
–377
–43
–43

43 ....................
–335
–420

Status of Direct Loans (in millions of dollars)
f
Identification code 86–4238–0–3–371

GUARANTEES

MORTGAGE-BACKED SECURITIES LIQUIDATING
ACCOUNT

Cumulative balance of direct loans outstanding:
1210 Outstanding, start of year .............................................
1232 Disbursements: Purchase of loans assets from the
public .........................................................................
1252 Repayments: Proceeds from loan asset sales to the
public or discounted .................................................
1263 Write-offs for default: Direct loans ...............................

Program and Financing (in millions of dollars)
Identification code 86–4238–0–3–371

Obligations by program activity:
Administrative contract expenses ..................................
Operating expenses
00.03
Servicing expenses ....................................................
00.01

2006 actual

2007 est.

2008 est.

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

7,919
492

8,365
544

8,833
549

23.90
23.95

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

8,411
¥46

8,909
¥76

9,382
¥76

24.40

Unobligated balance carried forward, end of year

8,365

8,833

2007 est.

2008 est.

¥2
¥4

¥6
¥24

¥6
¥20

01.01

Total operating expenses ......................................
Capital investment
Advances of guaranty payments ...............................

2006 actual

9,306

00.91

1290

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

Status of Guaranteed Loans (in millions of dollars)
Identification code 86–4238–0–3–371

2006 actual

2007 est.

2008 est.

82
¥15

67
¥14

53
¥14

2290

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

2299

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

Balance Sheet (in millions of dollars)

New budget authority (gross), detail:
Mandatory:
60.00
Appropriation ............................................................. ...................
69.00
Spending authority from offsetting collections: Offsetting collections (cash) .....................................
492

501

506

70.00

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

492

544

549

72.40
73.10
73.20

¥8
46
¥59

¥21
76
¥166

¥111
76
¥129

74.40

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

¥21

¥111

¥164

Identification code 86–4238–0–3–371

2005 actual

ASSETS:
Federal assets:
Investments in US securities:
1102 Treasury securities, par ...............................................................
1106 Receivables, net ...........................................................................
1206 Non-Federal assets: Receivables, net ........................................
1601 Direct loans, gross ......................................................................
1603 Allowance for estimated uncollectible loans and interest (–)

7,921
50
11
10
–9

8,358
56
10
8
–7

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

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

7,983

8,425

42
509

35
509

551

544

7,432

7,881

1699
1999
Outlays (gross), detail:
86.97 Outlays from new mandatory authority .........................
86.98 Outlays from mandatory balances ................................

46
13

86
80

86
43

87.00

166

129

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

Offsets:
Against gross budget authority and outlays:
Offsetting collections (cash) from:
88.20
Interest on Federal securities ...............................
¥488
¥493
¥498
88.40
Repayments of guaranteed payments ..................
¥6
¥6
¥6
88.40
Servicing income ................................................... ................... ................... ...................
88.40
Repayments on mortgages ...................................
2
¥2
¥2
88.90

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

¥492

¥501

2999

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

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

7,432

7,881

4999

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

7,983

8,425

Object Classification (in millions of dollars)

¥506
Identification code 86–4238–0–3–371

Net budget authority and outlays:
89.00 Budget authority ............................................................ ...................
90.00 Outlays ...........................................................................
¥433

43
¥335

2006 actual

43
¥377

Direct obligations:
25.2 Other services ................................................................
33.0 Investments and loans ..................................................

2006 actual

43
3

2007 est.

46
30

2008 est.

46
30

POLICY DEVELOPMENT AND RESEARCH
Federal Funds

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
99.9

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

GUARANTEES

Program and Financing (in millions of dollars)
2006 actual

2007 est.

2008 est.

Obligations by program activity:
00.01 Administrative contract expenses .................................. ................... ...................
Total new obligations (object class 25.2) ................ ................... ...................

¥43

22.00
23.95

¥43
43

2008 est.

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

21.40
22.00

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

4
55

26 ...................
33
65

23.90
23.95

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

59
¥33

24.40

Unobligated balance carried forward, end of year

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

56
33
65
¥1 ................... ...................

59
¥59

65
¥65

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

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation ............................................................. ................... ...................
Change in obligated balances:
73.10 Total new obligations .................................................... ................... ...................
73.20 Total outlays (gross) ...................................................... ................... ...................
74.40

2007 est.

10.00

¥43

10.00

24.40

2006 actual

Obligations by program activity:
00.01 Housing Research ..........................................................
29
22
40
00.02 PATH ...............................................................................
3
6 ...................
00.03 National Research Council ............................................
1 ................... ...................
00.04 University Programs ....................................................... ...................
31
25

(Legislative proposal, not subject to PAYGO)

Identification code 86–4238–2–3–371

Program and Financing (in millions of dollars)
Identification code 86–0108–0–1–451

MORTGAGE-BACKED SECURITIES LIQUIDATING
ACCOUNT

545

¥43

43.00
¥43
43

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

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

34
25
41
33
59
65
¥41
¥43
¥52
¥1 ................... ...................

86.90

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

¥43

74.40

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

89.00
90.00

¥43
¥43

86.90
86.93

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

20
21

13
30

26
26

87.00

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

89.00
90.00

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

55
41

33
43

65
52

POLICY DEVELOPMENT AND RESEARCH
Federal Funds
RESEARCH

AND

TECHNOLOGY

For contracts, grants, and necessary expenses of programs of research and studies relating to housing and urban problems, not otherwise provided for, as authorized by title V of the Housing and Urban
Development Act of 1970, as amended (12 U.S.C. 1701z–1 et seq.),
including carrying out the functions of the Secretary under section
1(a)(1)(i) of Reorganization Plan No. 2 of 1968, $65,040,000, to remain
available until September 30, 2009: Provided, That of the funds made
available under this heading, $25,340,000 is for grants pursuant to
section 107 of the Housing and Community Development Act of 1974
(the ‘‘1974 Act’’), as amended, as follows: $2,825,000 to support Alaska
Native serving institutions and Native Hawaiian serving institutions
as defined under the Higher Education Act (the ‘‘HEA’’), as amended
(20 U.S.C. 1059(d)), of which up to $100,000 may be used for technical
assistance; $2,449,000 for tribal colleges and universities as defined
under the HEA (20 U.S.C. 1059(c)), 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, of which
up to $100,000 may be used for technical assistance; $8,476,000 for
the Historically Black Colleges and Universities program as authorized in section 107(b)(3) of the 1974 Act, of which up to $990,000
may be used for technical assistance; $5,650,000 for Hispanic serving
institutions as defined under the HEA (20 U.S.C. 1101(a)), of which
up to $100,000 may be used for technical assistance; and $5,940,000
for the Community Outreach Partnership Center Program as authorized in section 107(a)(1)(I) of the 1974 Act, of which up to $500,000
may be used for technical assistance, training, and a program information clearinghouse: Provided further, That activities for the Partnership for Advancing Technology in Housing Initiative shall be administered by the Office of Policy Development and Research.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

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 2008, 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 2008. Set-aside funds are not requested for the Partnership
for Advancing Technology (PATH) program in 2008, 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 and 2007, the University Partnership Programs
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 help form partnerships with the communities in which they are located, with resources used for various development and revitalization activities. The University
Partnership Programs include the following: Alaska Native
and Native Hawaiian Serving Institutions program, Tribal
Colleges and University program, Historically Black Colleges

546

POLICY DEVELOPMENT AND RESEARCH—Continued
Federal Funds—Continued

RESEARCH

AND

THE BUDGET FOR FISCAL YEAR 2008

TECHNOLOGY—Continued

and Universities program, Community Outreach Partnerships
program, and the Hispanic Serving Institutions program.
Object Classification (in millions of dollars)
Identification code 86–0108–0–1–451

2006 actual

2007 est.

2008 est.

25.2
41.0

Direct obligations:
Other services ................................................................
Grants, subsidies, and contributions ............................

31
2

32
27

36
29

99.9

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

FAIR HOUSING AND EQUAL OPPORTUNITY
Federal Funds
FAIR HOUSING ACTIVITIES
For contracts, grants, and other assistance, not otherwise provided
for, as authorized by title VIII of the Civil Rights Act of 1968, as
amended by the Fair Housing Amendments Act of 1988, and section
561 of the Housing and Community Development Act of 1987, as
amended, $45,000,000, to remain available until September 30, 2009,
of which $20,180,000 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.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

The Budget proposes $45 million for fair housing activities
to support efforts to end housing discrimination. Of the
amount requested, $24.8 million is for the Fair Housing Assistance Program (FHAP) and $20.2 million is for the Fair
Housing Initiatives Program (FHIP).
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 funding 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 HUD’s 2000
Housing Discrimination Study. It is estimated that in 2008
there will be two new State and local agencies with laws
equivalent to the Fair Housing Act, increasing the total number to 111 agencies.
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 funding to States and local governments,
and public and private non-profit organizations that carry
out programs to prevent or eliminate discriminatory housing
practices. FHIP also provides funding to programs or activities designed to enforce the rights granted by title VIII of
the Civil Rights Act of 1968, or substantially equivalent State
and local fair housing laws. In addition, FHIP supports funding for education and outreach programs designed to inform
the public concerning rights and obligations under these laws.
f

OFFICE OF LEAD HAZARD CONTROL AND
HEALTHY HOMES

Program and Financing (in millions of dollars)
Identification code 86–0144–0–1–751

2006 actual

Federal Funds
2007 est.

2008 est.

LEAD HAZARD REDUCTION

00.01
00.02

Obligations by program activity:
Fair housing assistance ................................................
Fair housing initiatives ..................................................

30
20

26
21

26
20

10.00

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

21.40
22.00
22.10

10
46

7
45

5
45

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

23.90
23.95

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

57
¥50

52
¥47

50
¥46

24.40

Unobligated balance carried forward, end of year

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

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

86.90
86.93

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

4
43

3
43

3
42

61
62
63
50
47
46
¥47
¥46
¥45
¥1 ................... ...................
¥1 ................... ...................

For the Lead Hazard Reduction Program, as authorized by section
1011 of the Residential Lead-Based Paint Hazard Reduction Act of
1992, $116,000,000, to remain available until September 30, 2009,
of which no less than $8,800,000 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 of the unobligated balances remaining
under this heading due to undersubscription under competitive Notices
of Funding Availability, not to exceed $10,000,000 may be used for
Operation Lead Elimination Action Program (LEAP) and the Lead
Hazard Demonstration Program, combined: Provided further, That
any remaining unobligated balances may be used under this heading.
Provided further, 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, 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 1994.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)
Identification code 86–0174–0–1–451

2006 actual

2007 est.

2008 est.

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

89.00
90.00

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

46
47

45
46

155

175

10.00

87.00

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

155

175

21.40

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

159

150

125

45
45

MANAGEMENT AND ADMINISTRATION
Federal Funds

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
22.00
22.10

New budget authority (gross) ........................................
Resources available from recoveries of prior year obligations .......................................................................

23.90
23.95
23.98

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

24.40

Unobligated balance carried forward, end of year

150

116

2 ................... ...................
311
300
241
¥155
¥175
¥175
¥6 ................... ...................
150

125

clude 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

152
150
116
¥2 ................... ...................

43.00

150

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

150

MANAGEMENT AND ADMINISTRATION
Federal Funds

116

SALARIES
Change in obligated balances:
72.40 Obligated balance, start of year ...................................
73.10 Total new obligations ....................................................
73.20 Total outlays (gross) ......................................................
73.40 Adjustments in expired accounts (net) .........................
73.45 Recoveries of prior year obligations ..............................
74.40

86.90
86.93

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

547

313
342
376
155
175
175
¥120
¥141
¥154
¥4 ................... ...................
¥2 ................... ...................
342

376

397

Outlays (gross), detail:
Outlays from new discretionary authority ..................... ...................
Outlays from discretionary balances .............................
120

3
138

2
152

87.00

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

120

141

154

89.00
90.00

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

150
120

150
141

116
154

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 and other environmental hazards in their homes.
The program is a major part of a 10-year strategy to eliminate lead poisoning in children. The 2008 Budget includes
$92.6 million for HUD’s Lead Hazard Control Program competitive grants and $2.8 million for operation LEAP. The
Technical Support Program is funded at $8.8 million and
the Healthy Homes Initiative is funded at $11.8 million. Operation LEAP funds will be used to leverage other private and
public sector resources for the lead hazard control program.
The budget includes a provision that would allow the transfer
of unobligated balances from undersubscribed competitive programs to other competitive programs experiencing oversubscription.
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
low-income rental and owner-occupied housing. The grants
are also designed to stimulate the development of a housing
maintenance and rehabilitation workforce trained in lead-safe
work practices and a certified hazard evaluation and control
industry. In awarding grants, HUD promotes the use of new,
low-cost approaches to hazard control that can be replicated
across the nation. Newly-established programmatic efficiency
measures, such as mitigation cost estimates, will help HUD
determine best practices and maximize resources.
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 designed to enable the public
to prevent children’s exposure to hazards will also be conducted through a competitive grant process.
The Office of Healthy Homes and Lead Hazard Control
will continue its Technical Support program, which will in-

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, $1,222,000,000, of
which $556,776,000 shall be provided from the various funds of the
Federal Housing Administration, $10,700,000 shall be provided from
funds of the Government National Mortgage Association, $148,500
shall be provided by transfer from the ‘‘Native American housing
block grants’’ account, $247,500 shall be provided by transfer from
the ‘‘Indian housing loan guarantee fund program’’ account, and
$34,650 shall be transferred from the ‘‘Native Hawaiian housing loan
guarantee fund’’ account: Provided, That up to $15,000,000 may be
transferred to the Working Capital Fund: Provided further, That no
official or employee of the Department shall be designated as an
allotment holder unless the Office of the Chief Financial Officer
(OCFO) has determined that such allotment holder has implemented
an adequate system of funds control and has received training in
funds control procedures and directives: Provided further, That the
Chief Financial Officer shall establish positive control of and maintain
adequate systems of accounting for appropriations and other available
funds as required by 31 U.S.C. 1514: Provided further, That for purposes of funds control and determining whether a violation exists
under the Anti-Deficiency Act (31 U.S.C. 1341 et seq.), the point of
obligation shall be the executed agreement or contract, except with
respect to insurance and guarantee programs, certain types of salaries
and expenses funding, and incremental funding that is authorized
under an executed agreement or contract, and shall be designated
in the approved funds control plan: Provided further, That the Chief
Financial Officer shall: (1) appoint qualified personnel to conduct
investigations of potential or actual violations; (2) establish minimum
training requirements and other qualifications for personnel that may
be appointed to conduct investigations; (3) establish guidelines and
timeframes for the conduct and completion of investigations; (4) prescribe the content, format and other requirements for the submission
of final reports on violations; and (5) prescribe such additional policies
and procedures as may be required for conducting investigations of,
and administering, processing, and reporting on, potential and actual
violations of the Anti-Deficiency Act and all other statutes and regulations governing the obligation and expenditure of funds made available in this or any other Act.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

Program and Financing (in millions of dollars)
Identification code 86–0143–0–1–999

2006 actual

2007 est.

2008 est.

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

255
46
46
51
172
568

225
46
48
64
120
568

278
53
56
64
203
568

09.99

Total reimbursable program ..........................................

568

10.00

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

1,138

1,071

1,222

548

MANAGEMENT AND ADMINISTRATION—Continued
Federal Funds—Continued

SALARIES

AND

THE BUDGET FOR FISCAL YEAR 2008
42.0

EXPENSES—Continued

(INCLUDING TRANSFER OF FUNDS)—Continued

Insurance claims and indemnities ........................... ...................

99.0
99.0

Identification code 86–0143–0–1–999

21.40
22.00

2006 actual

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year ...................
New budget authority (gross) ........................................
1,158

2007 est.

569
569

503
568

654
568

99.9

Program and Financing (in millions of dollars)—Continued

Direct obligations ..................................................
Reimbursable obligations ..............................................
Total new obligations ................................................

1,138

1,071

1,222

2008 est.

Employment Summary
10 ...................
1,061
1,222

23.90
23.95
23.98

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

1,158
1,071
1,222
¥1,138
¥1,071
¥1,222
¥10 ................... ...................

24.40

Unobligated balance carried forward, end of year

579
493
654
¥6 ................... ...................
12 ................... ...................

43.00
58.00

585

493

654

573

568

70.00

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

1,158

1,061

1,222

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

116
138
120
1,138
1,071
1,222
¥1,108
¥1,089
¥1,190
¥8 ................... ...................

4,207

3,991

4,319

INSPECTOR GENERAL

Obligations by program activity:
00.01 Direct program ...............................................................
09.01 Reimbursable program ..................................................

86.90
86.93

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

992
116

948
141

1,072
118

10.00

87.00

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

1,108

1,089

1,190

21.40
22.00

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

¥573

¥568

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

585
535

493
521

654
622

2006 actual

2007 est.

2008 est.

82
24

83
24

90
24

106

107

114

Budgetary resources available for obligation:
Unobligated balance carried forward, start of year ...................
New budget authority (gross) ........................................
114

8
105

6
112

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

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

114
¥106

113
¥107

118
¥114

Unobligated balance carried forward, end of year

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
40.35
Appropriation permanently reduced ..........................
42.00
Transferred from other accounts ..............................

2007 est.

2008 est.

356
4
7

338
4
8

392
6
9

Total personnel compensation ..............................
367
Civilian personnel benefits .......................................
92
Travel and transportation of persons .......................
8
Rental payments to GSA ...........................................
52
Communications, utilities, and miscellaneous
charges .................................................................
14
Printing and reproduction .........................................
2
Advisory and assistance services .............................
25
Other services ............................................................
1
Operation and maintenance of facilities ..................
4
Operation and maintenance of equipment ............... ...................
Supplies and materials .............................................
2
Equipment .................................................................
2

350
80
6
40

407
122
10
55

8
2
8
1
3
1
2
1

13
2
31
3
3
2
2
3

43.00
58.00

82
81
88
¥1 ................... ...................
9 ................... ...................

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

70.00

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

114

105

112

72.40
73.10
73.20

Object Classification (in millions of dollars)
2006 actual

23.90
23.95
24.40

This appropriation finances 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, overhead
and other non-personnel expenses; legal services; and, field
direction and administration.

24.0
25.1
25.2
25.4
25.7
26.0
31.0

Identification code 86–0189–0–1–451

152

11.9
12.1
21.0
23.1
23.3

4,281

Program and Financing (in millions of dollars)

120

11.1
11.3
11.5

4,027

138

Direct obligations:
Personnel compensation:
Full-time permanent .............................................
Other than full-time permanent ...........................
Other personnel compensation .............................

4,247

For necessary expenses of the Office of Inspector General in carrying
out the Inspector General Act of 1978, as amended, $112,000,000,
of which $23,760,000 shall be provided by transfer from the various
funds of the Federal Housing Administration.

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

Identification code 86–0143–0–1–999

2008 est.

(INCLUDING TRANSFER OF FUNDS)

74.40

89.00
90.00

2007 est.

OFFICE

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

2006 actual

Direct:
1001 Civilian full-time equivalent employment .....................
Reimbursable:
2001 Civilian full-time equivalent employment .....................

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

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
40.35
Appropriation permanently reduced ..........................
42.00
Transferred from other accounts ..............................

Identification code 86–0143–0–1–999

16
106
¥107

15
107
¥103

19
114
¥113

74.40

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

86.90
86.93

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

95
12

86
17

92
21

87.00

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

107

103

113

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

¥24

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

90
83

81
79

88
89

89.00
90.00

This appropriation provides agency wide audit and investigative functions to identify and correct management and

MANAGEMENT AND ADMINISTRATION—Continued
Federal Funds—Continued

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

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.

07.99

549

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

Program and Financing (in millions of dollars)
Identification code 86–5272–0–2–371

2006 actual

2007 est.

2008 est.

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

10.00

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

22.00
22.10

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

Object Classification (in millions of dollars)
Identification code 86–0189–0–1–451

2006 actual

2007 est.

2008 est.

11.1
11.5

Direct obligations:
Personnel compensation:
Full-time permanent .............................................
Other personnel compensation .............................

45
4

49
4

11.9
12.1
21.0
23.1
25.1
25.2

Total personnel compensation ..............................
Civilian personnel benefits .......................................
Travel and transportation of persons .......................
Rental payments to GSA ...........................................
Advisory and assistance services .............................
Other services ............................................................

49
11
3
6
12
1

49
11
4
6
12
1

53
11
5
6
14
1

23.90
23.95

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

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

61
¥61

60
¥60

66
¥66

New budget authority (gross), detail:
Discretionary:
40.20
Appropriation (special fund) .....................................

Direct obligations ..................................................
Reimbursable obligations ..............................................

82
24

83
24

90
24

99.9

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

106

107

74.40

99.0
99.0

72.40
73.10
73.20
73.45

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

86.90
86.93

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

44
18

52
8

56
8

87.00

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

89.00
90.00

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

60
62

60
60

66
64

24
22
22
61
60
66
¥62
¥60
¥64
¥1 ................... ...................

114

Employment Summary
Identification code 86–0189–0–1–451

2006 actual

Direct:
Civilian full-time equivalent employment .....................
Reimbursable:
2001 Civilian full-time equivalent employment .....................
1001

2007 est.

2008 est.

498

488

508

148

145

142

GSE REGULATION

Summary of Budget Authority and Outlays

(Legislative proposal, subject to PAYGO)

(in millions of dollars)

Government-sponsored enterprise (GSE) regulation. Upon
enactment of the Budget proposal for a strengthened regulator for GSEs, 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.
f

OFFICE

FEDERAL HOUSING ENTERPRISE OVERSIGHT
SALARIES AND EXPENSES
(INCLUDING TRANSFER OF FUNDS)

Special and Trust Fund Receipts (in millions of dollars)
Identification code 86–5272–0–2–371

01.00

2006 actual

2007 est.

Total receipts and collections ...................................

60 ...................

04.00

Total: Balances and collections ....................................
60
60 ...................
Appropriations:
05.00 Office of Federal Housing Enterprise Oversight ............
¥60
¥60
¥66
05.01 Office of Federal Housing Enterprise Oversight—legislative proposal not subject to PAYGO ....................... ................... ...................
66
Total appropriations ..................................................

¥60

2007 est.

60
62

2008 est.

66
64
–66
–56

60 ....................
60
8

The Office of Federal Housing Enterprise Oversight
(OFHEO) was authorized in the Federal Housing Enterprise
Safety and Soundness Act of 1992. OFHEO was established
in 1992 to regulate the financial safety and soundness of
two housing Government-sponsored enterprises (GSEs)—
Fannie Mae and Freddie Mac. OFHEO 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.

2008 est.

Balance, start of year .................................................... ................... ................... ...................
Receipts:
02.00 Office of Federal Housing Enterprise Oversight ............
60
60
66
02.01 Office of Federal Housing Enterprise Oversight—legislative proposal not subject to PAYGO ....................... ................... ...................
¥66

05.99

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

Object Classification (in millions of dollars)

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

01.99

02.99

2006 actual

Enacted/requested:
Budget Authority .....................................................................
60
60
Outlays ....................................................................................
62
60
Legislative proposal, not subject to PAYGO:
Budget Authority ..................................................................... .................... ....................
Outlays .................................................................................... .................... ....................

¥60 ...................

Identification code 86–5272–0–2–371

11.1
12.1
21.0
23.2
23.3
25.2
31.0

2006 actual

Direct obligations:
Personnel compensation: Personnel Compensation ......
28
Civilian personnel benefits ............................................
7
Travel and transportation of persons ............................ ...................
Rental payments to others ............................................
1
Communications, utilities, and miscellaneous charges
1
Other services ................................................................
17
Equipment ......................................................................
5

2007 est.

2008 est.

31
9
1
1
1
12
4

36
10
1
1
1
13
3

99.0
99.5

Direct obligations ......................................................
Below reporting threshold ..............................................

59
2

59
1

65
1

99.9

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

MANAGEMENT AND ADMINISTRATION—Continued
Federal Funds—Continued

550
OFFICE

THE BUDGET FOR FISCAL YEAR 2008

FEDERAL HOUSING ENTERPRISE OVERSIGHT—Continued
(INCLUDING TRANSFER OF FUNDS)—Continued

Employment Summary
Identification code 86–5272–0–2–371

2006 actual

Direct:
1001 Civilian full-time equivalent employment .....................

OFFICE

2007 est.

225

229

2008 est.

259

FEDERAL HOUSING ENTERPRISE OVERSIGHT

specific information systems, and for program-related development activities, $220,000,000, to remain available until September 30, 2009:
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.
Note.—A regular 2007 appropriation for this account had not been enacted at the time
the budget was prepared; therefore, this account is operating under a continuing resolution
(P.L. 109–289, Division B, as amended). The amounts included for 2007 in this budget
reflect the levels provided by the continuing resolution.

(Legislative proposal, not subject to PAYGO)

Program and Financing (in millions of dollars)

Program and Financing (in millions of dollars)
Identification code 86–5272–2–2–371

2006 actual

Identification code 86–4586–0–4–451
2007 est.

2008 est.

¥66

199
58

185
65

220
80

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

¥66

10.00

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

257

250

300

¥66
66

21.40
22.00
22.10

21
259

41
250

53
300

22.00
23.95

New budget authority (gross), detail:
Discretionary:
40.20
Appropriation (special fund) ..................................... ................... ...................

¥66

73.10
73.20

¥66
56

74.40

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

¥10

¥56

¥66
¥56

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.
Object Classification (in millions of dollars)
Identification code 86–5272–2–2–371

2006 actual

2007 est.

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

¥36
¥10
¥1
¥1
¥1
¥13
¥3

99.0
99.5

Direct obligations ...................................................... ................... ...................
Below reporting threshold .............................................. ................... ...................

¥65
¥1

99.9

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

¥66

Direct obligations:
Personnel compensation: Personnel Compensation ......
Civilian personnel benefits ............................................
Travel and transportation of persons ............................
Rental payments to others ............................................
Communications, utilities, and miscellaneous charges
Other services ................................................................
Equipment ......................................................................

2008 est.

Employment Summary
Identification code 86–5272–2–2–371

2006 actual

2007 est.

Direct:
Civilian full-time equivalent employment ..................... ................... ...................

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

299
303
365
¥257
¥250
¥300
¥1 ................... ...................
41

New budget authority (gross), detail:
Discretionary:
40.00
Appropriation .............................................................
40.35
Appropriation permanently reduced ..........................
42.00
Transferred from other accounts ..............................

197
181
220
¥2 ................... ...................
6 ................... ...................

43.00

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

1001

2008 est.

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

10.00

11.1
12.1
21.0
23.2
23.3
25.2
31.0

2007 est.

00.01
09.01

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

89.00
90.00

2006 actual

201

181

220

58.00
58.10

Appropriation (total discretionary) ........................
Spending authority from offsetting collections:
Offsetting collections (cash) ................................
Change in uncollected customer payments from
Federal sources (unexpired) .............................

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

58.90

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

70.00

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

259

250

300

72.40
73.10
73.20
73.45
74.00

257
257
¥297
¥19

191
250
¥310
¥12

119
300
¥342
¥12

¥7 ................... ...................

74.40

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

191

119

86.90
86.93

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

118
179

174
136

209
133

87.00

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

297

310

342

¥51

¥69

¥80

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

¥7 ................... ...................

2008 est.

¥259

89.00
90.00

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

201
246

181
241

220
262

WORKING CAPITAL FUND
For additional capital for the Working Capital Fund (42 U.S.C.
3535) for the development of, modifications to, and infrastructure for
Department-wide information technology systems, for the continuing
operation and maintenance of both Department-wide and program-

The Working Capital Fund (WCF), authorized by the Department of Housing and Urban Development Act of 1965,
finances the core business functions of the Department. The
WCF provides funding for the operation, maintenance, and
modernization of IT systems in support of disaster relief, FHA
Mortgage Insurance, housing assistance, Departmental grants

GENERAL FUND RECEIPT ACCOUNTS

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

programs, and key financial and general operations. The
Budget requests a direct appropriation of $220 million for
IT business operations, infrastructure, and 280 personnel. An
additional $80 million in program transfers are also requested
to develop, modify, and enhance systems that benefit specific
programs.
Object Classification (in millions of dollars)
Identification code 86–4586–0–4–451

11.1
12.1
21.0
23.3

2006 actual

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

2007 est.

2008 est.

30
8
1

33
9
2

1
152
5
2

5
125
1
10

5
160
1
10

199

185

220

25.1

Direct obligations ..................................................
Reimbursable obligations:
Advisory and assistance services .............................

99.0

Reimbursable obligations ..............................................

99.9

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

257

250

300

25.1
26.0
31.0
99.0

Employment Summary
Identification code 86–4586–0–4–451

2006 actual

Direct:
1001 Civilian full-time equivalent employment .....................

307

2007 est.

2008 est.

314

280

GENERAL FUND RECEIPT ACCOUNTS
(in millions of dollars)
2006 actual

2007 est.

2008 est.

Offsetting receipts from the public:
86–143500 General fund proprietary interest receipts, not
otherwise classified ............................................................ ...................
2
2
86–246900 Government-sponsored enterprises oversight
fee ....................................................................................... ................... ...................
6
86–271910 FHA-general and special risk, Negative subsidies ..................................................................................
497
483
354
Legislative proposal, not subject to PAYGO ............................... ................... ...................
¥21
86–271930 FHA-general and special risk, Downward reestimates of subsidies .......................................................
180
1,746 ...................
86–274330 Indian housing loan guarantees, Downward
reestimates of subsidies ....................................................
1
1 ...................
86–276230 Title VI indian loan guarantee downward reestimate ..............................................................................
2
7 ...................
86–277330 Community development loan guarantees,
Downward reestimates .......................................................
6
5 ...................
86–322000 All other general fund proprietary receipts
including budget cleating accounts ..................................
1
18
18
General Fund Offsetting receipts from the public .....................
687
2,262
359
Intragovernmental payments: ......................................................
86–388510 Undistributed intragovernmental payments ....

General Fund Intragovernmental payments ................................

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 cancelled, or in
the case of cash, shall be remitted to the Treasury, and such amounts
of budget authority or cash recaptured and not cancelled 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 settle-

551

ment 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
cancelled 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 2008 to investigate or prosecute under
the Fair Housing Act any otherwise lawful activity engaged in by
one or more persons, including the filing or maintaining of a nonfrivolous legal action, that is engaged in solely for the purpose of
achieving or preventing action by a Government official or entity,
or a court of competent jurisdiction.
SEC. 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 2008 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 2008
under such clause (ii) because the areas in the State outside of
the metropolitan statistical areas that qualify under clause (i) in
fiscal year 2008 do not have the number of cases of acquired immunodeficiency syndrome (AIDS) required under such clause.
(b) The amount of the allocation and grant for any State described
in subsection (a) shall be an amount based on the cumulative number
of AIDS cases in the areas of that State that are outside of metropolitan statistical areas that qualify under clause (i) of such section
854(c)(1)(A) in fiscal year 2008, 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 2008 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 2008 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 2008, 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

552

GENERAL FUND RECEIPT ACCOUNTS—Continued

ADMINISTRATIVE PROVISIONS—Continued
section 102 of the Department of Housing and Urban Development
Reform Act of 1989.
SEC. 306. Corporations and agencies of the Department of Housing
and Urban Development which are subject to the Government Corporation Control Act, as amended, are hereby authorized to make such
expenditures, within the limits of funds and borrowing authority
available to each such corporation or agency and in accordance with
law, and to make such contracts and commitments without regard
to fiscal year limitations as provided by section 104 of such Act as
may be necessary in carrying out the programs set forth in the budget
for 2008 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. 307. (a) Notwithstanding any other provision of law, the
amount allocated for fiscal year 2008 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 2008 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 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 to carry out eligible activities within the portion of the metropolitan statistical area located
in that State.

THE BUDGET FOR FISCAL YEAR 2008
SEC. 308. 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. 309. 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.
SEC. 310. 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.
SEC. 311. (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;
(6) is not a person with disabilities, as such term is defined
in section 3(b)(3)(E) of the United States Housing Act of 1937(42
U.S.C. 1437a(b)(3)(E)) and was not receiving assistanceunder such
section 8 as of November 30, 2005; and
(7) 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.
SEC. 312. Section 1 of the National Housing Act (12 U.S.C. 1702)
is amended in the fifth sentence by striking ‘‘Except with respect to
titleIII‘‘ and inserting ‘‘Except with respect to the Federal National
Mortgage Association’’.
SEC. 313. Activities authorized under subtites A and D of title
V of the Departments of Veterans Affairs and Housing and Urban
Development, and Independent Agencies Appropriations Act, 1998,
may continue through the end of the fiscal year 2011.