Housing Programs: Information on HUD's (Housing and Urban Development's) Decision to Close Its Bangor, Maine, Office

摘要

The report reviews the Department of Housing and Urban Development's (HUD's) decision to close its Bangor, Maine, field office effective July 15, 1986. The closing was part of a HUD effort to close five offices that primarily make HUD-insured single-family home loans. Specifically, the report determines (1) how HUD decided which offices to close and assess whether HUD's cost-benefit analysis is complete and accurate, (2) what impact the closing has had on lenders and borrowers obtaining HUD-insured loans, and (3) whether the Manchester, New Hampshire, office--to which the Bangor and Burlington, Vermont, case loads have been transferred--is equipped to handle the increased work load.