Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Pension Plans: Investments in Affordable Housing Possible With Government Assistance: HRD-92-55

Pension Plans: Investments in Affordable Housing Possible With Government Assistance: HRD-92-55

U. S. Government Accountability Office (G

Paperback

General Political Science

ISBN10: 1289063583
ISBN13: 9781289063580
Publisher: Bibliogov
Published: Jun 27 2013
Pages: 40
Weight: 0.20
Height: 0.08 Width: 7.44 Depth: 9.69
Language: English
Pursuant to a congressional request, GAO reviewed how pension funds are used to help finance affordable housing for low-and moderate-income families, focusing on: (1) the features and common elements of 15 affordable housing arrangements financed by pension funds; and (2) the expected rates of return on such housing investments.
GAO found that: (1) the nature and extent of pension fund involvement in financing affordable housing varied widely among the investments reviewed; (2) many pension funds funneled their housing investment assets primarily into fixed-rate securities; (3) most investments had some type of government assistance, which pension fund managers recognized as important to the success of affordable housing ventures and the protection of their fiduciary interests; (4) many pension fund investments were set up by intermediaries that identified affordable housing investment opportunities and arranged financing; and (5) information on rates of return was limited for most of the 15 pension funds reviewed, but 5 funds received rates of return similar to other investments of comparable risk.

Also in

General Political Science

View All