Seven subjects must be covered in the testimony
What the document says“``(2) the physical condition of all public housing and other housing assisted by the Department; ``(3) the financial health of the mortgage insurance funds of the Federal Housing Agency; ``(4) oversight by the Department of grantees and subgrantees for purposes of preventing waste, fraud, and abuse;”
The new subsection lists seven subjects the testimony must cover: the Department's current programs and operations, the physical condition of public and other assisted housing, the financial health of the mortgage insurance funds, the Department's oversight of grantees and subgrantees against waste, fraud, and abuse, progress in ending the affordable housing and homelessness crises, the Department's capacity to deliver on its statutory mission, and other ongoing activities as appropriate.
What the document actually says“``(2) the physical condition of all public housing and other housing assisted by the Department; ``(3) the financial health of the mortgage insurance funds of the Federal Housing Agency; ``(4) oversight by the Department of grantees and subgrantees for purposes of preventing waste, fraud, and abuse;”
One subject is the state of the buildings the agency helps. Another is the health of the funds that back home loans. A third is how the agency watches over the groups that get its money.
Seven subjects are named in all. Some cover buildings and money. Others cover whether the agency can do the job the law gives it.
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