2005 PUBLIC HOUSING FINANCING UPDATE

摘要

In each of the last two years' September/October issue of the journal, I have reported on the status of public housing financing. Financing is a relatively new option for public housing authorities (PHAs). Nevertheless it is essential to the progress of many PHAs. A consultant study published by HUD in 2000 found a $21.6 billion unfunded backlog of capital needs as of 1998, and about $2 billion annually resulting from depreciation of the 1.2 million-unit public housing stock. In the face of these needs, appropriations barely have covered more than the amount necessary for PHAs to stay even. The budget for fiscal 2006 proposed by both the Administration and the Senate Appropriations Committee would reduce capital funding significantly.