The Council of Large Public Housing Authorities (CLPHA) and the Public
Housing Authorities Directors Association (PHADA) have released their joint calculations of funding necessary for the preservation and improvement of public housing and the Housing Choice Voucher program.
FFY 2014 Funding Needs
|Public Housing Operating Fund||$5.150 billion|
|Public Housing Capital Fund||$5.072 billion|
|HOPE VI/Choice Neighborhoods||$300 million|
|Service Coordinators for the elderly and disabled||$50 million|
|Resident Opportunity and Supportive Services||$55 million|
|Housing Choice Voucher (HCV) Renewal Funding||$18.409 billion|
|HCV Ongoing Administrative Fees||$1.968 billion|
|Section 8 Family Self-Sufficiency Program Coordinators||$60 million|
|Tenant Protection Vouchers||Fully fund|
|Contract Administrators for Project Based Section 8||Fully fund|
Explanation of FFY 2014 Funding Needs
Public Housing Operating Fund - Based on the current Operating Fund rule, and current HUD methodologies for calculating the PEL, UEL, and Rental Income. Eligible Unit Months reflect the approximately 26,000 units that were to be federalized by 2014 using funds from the American Recovery and Reinvestment Act of 2009. Eligible Unit Months also reflect HUD provided data on occupied units.
Public Housing Capital Fund - The estimate addresses current accrual needs and a portion of the capital needs backlog. Annual accrual needs were estimated at more than $4 billion based upon the Abt Associates Inc. 2010 Capital Needs Assessment average per unit accrual needs amount (adjusted for inflation) multiplied by 1,178,498 units. The Capital Needs Assessment found a capital needs backlog of $26 billion and the Public Housing Capital Fund estimate of need includes $1 billion to reduce that backlog.
Housing Choice Voucher Renewal Funding - Based on Voucher Management System leasing and cost data through June 2012, from which full CY2012 leasing and cost estimates were projected, and supplemented by information about additional voucher awards. Figures increased for inflation by estimates of the renewal inflation factor based on the 2011 Consumer Expenditure Survey and 2011-2012 Consumer Price Index data, scaled by data from the 2011-2012 Bureau of Economic Analysis’s Personal Income and Outlays tables. This figure includes estimates of renewal funding needs for Tenant Protection Vouchers and incremental HUD-VA Supportive Housing (HUD-VASH) vouchers following their initial year of funding, as well as $100 million as a set-aside fund for funding adjustments.
Housing Choice Voucher Administrative Fees - Based on Voucher Management System leasing data through June 2012, from which a full CY2012 leasing estimate was projected, and on CY2012 funding and proration. Figures increased for inflation by estimates of the renewal inflation factor based on the 2011 Consumer Expenditure Survey and 2011-2012 Consumer Price Index data, scaled by data from the 2011-2012 Bureau of Economic Analysis’s Personal Income and Outlays tables. The figure includes estimates for additional leasing in CY2014 due to lease-up of Tenant Protection Vouchers and incremental VASH vouchers in CY2013 and CY2014.