HUD did reform and improve its administrative practices, but too late to save the program. Ultimately, Congress enacted a program to repair defects in substandard houses, 12 U.S.C. As 1735b. ... (5) the program is basically financially sound, but it will always have a higher default rate than the 203(b) program; (6) a significant percentage of ... staffing and better training of HUD personnel; a required escrow to cover latent defects; avoidance of appraising 235 homes on the basis of prior, anbsp;...
|Title||:||Housing and community development|
|Publisher||:||Michie - 1981|