GAO: Housing Finance System: Future Reforms Should Consider Past Plans and Vulnerabilities Highlighted by Pandemic

“Fast Facts

In 2019, the Departments of the Treasury and Housing and Urban Development issued plans to reform the housing finance system. The system has been on our High Risk list since 2013.

The agencies partially implemented these plans, but the COVID-19 pandemic and the transition to a new Administration have made future reforms uncertain. We found that the recommendations in the 2019 plans are relevant to future planning efforts.

As Treasury and HUD develop future plans, we recommend considering the 2019 plan recommendations to 1) help address housing finance concerns that the pandemic highlighted, and 2) address elements of our 2014 reform framework…”

Recommendations

Agency Affected: Department of the Treasury

Recommendation: The Secretary of the Treasury, as part of developing future housing finance reform plans, should consider recommendations from the 2019 plans that could help address system vulnerabilities and ensure future plans address all GAO framework elements. (Recommendation 1)

Agency Affected: Department of Housing and Urban Development

Recommendation: The Secretary of HUD, as part of developing future housing finance reform plans, should consider recommendations from the 2019 plans that could help address system vulnerabilities and ensure future plans address all GAO framework elements. (Recommendation 2)

Read the full 88-page report here.

Source: Housing Finance System: Future Reforms Should Consider Past Plans and Vulnerabilities Highlighted by Pandemic – January 13, 2022. GAO.

0
Tags:

This topic contains 0 replies, has 1 voice, and was last updated by  Jackie Gilbert 1 week, 3 days ago.

  • Author
    Posts
  • #146206

    Replies viewable by members only

    0

You must be logged in to reply to this topic.

CONTACT US

Questions?. Send us an email and we'll get back to you, asap.

Sending

©2022 MileMarker10, LLC all rights reserved | Community and Member Guidelines | Privacy Policy | About G2Xchange FedCiv

Opportunities. Starting Points.

About our Data

The Vault is a listing of expiring contracts, task orders, etc. within a certain set of parameters, to include:

  • Have an initial total estimated contract value of $10 million or above
  • Federal Civilian Only – DHS, Transportation, Justice, Labor, Interior, Commerce, Energy, State, and Treasury Actions
  • NAICS codes include: 511210, 518210, 519130, 519190, 541511,
    541512, 
    541513, 541519, 541611, 541618,
    541690, 541720, 541990
  • Were modified within the last 12 calendar months
  • The data represented is based on information provided by the government

Who has access? Please note that ALL G2Xchange FedCiv Members will receive access to all basic and much of the advanced data. G2Xchange FedCiv Corporate Members will receive access to ALL Vault content (basic and advanced).

Feedback/Suggestions? Contact us at Vault@G2Xchange.com and let us know what you think. 

G2Xchange FedCiv

Log in with your credentials for G2Xchange FedCiv

Forgot your details?