Sec. 521. GAO AUDIT AND REVIEW

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## SEC. 521 GAO AUDIT AND REVIEW **[**[42 U.S.C. 1437f note](/us/usc/t42/s1437f)**]** ###

(a)Initial Audit Not later than 18 months after the effective date of final regulations promulgated under this subtitle, the Comptroller General of the United States shall conduct an audit to evaluate eligible multifamily housing projects and the implementation of mortgage restructuring and rental assistance sufficiency plans. ###

(b)Report ####

(1)In general Not later than 18 months after the audit conducted under subsection (a), the Comptroller General of the United States shall submit to Congress a report on the status of eligible multifamily housing projects and the implementation of mortgage restructuring and rental assistance sufficiency plans. ####

(2)Contents The report submitted under paragraph

(1)shall include— #####

(A)a description of the initial audit conducted under subsection (a); and #####

(B)recommendations for any legislative action to increase the financial savings to the Federal Government of the restructuring of eligible multifamily housing projects balanced with the continued availability of the maximum number of affordable low-income housing units.

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U.S. Code

Low-income housing assistance
§ 1437f

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Sec. 521

GAO AUDIT AND REVIEW

U.S.C.§ 1437f

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