Public housing is a multibillion dollar asset that plays a crucial role in providing affordable housing and driving community revitalization. Home to three million working families, seniors, and people with disabilities, it occupies a unique place on the affordable housing spectrum.
The last 16 years have seen a sea change in this portfolio.
Innovative partnerships led by housing authorities have built thousands of new and renovated units of affordable housing, brought in billions of dollars in private investment, and sparked community revitalization across the country. As a result, HUD Secretary Shaun Donovan has praised housing authorities as the most entrepreneurial and creative affordable housing developers in the country. The mixed finance approaches they have pioneered are now standard practice for virtually all affordable housing development.
In addition, housing authorities’ successful track record in creating jobs, and stimulating local economies, resulted in their being awarded $4 billion in the 2009 Recovery Act, essentially doubling their most recent annual appropriation.
But the scope of their work goes well beyond cutting-edge development. They are also playing a leading role in addressing broader problems: helping to close the educational achievement gap for low-income students; making sure seniors on fixed incomes can age in place; taking homes and whole communities green; helping families become self-sufficient.
Read more about the partnerships and programs that PHAs are using to transform neighborhoods, and improve lives.
Public Housing Authorities: Local Challenges. Innovative Solutions (PDF)-- a publication highlighting work in 16 communities