There are only two weeks left in August – take action today to support the Public Housing Capital Fund and help NAHRO achieve its goal of sending 1,500 letters to Congress in the month of August.
The Public Housing Capital Fund provides critical resources that housing authorities across the country use to rehabilitate and modernize their properties. However, in 2010, the Department of Housing and Urban Development (HUD) estimated that there is a $26 billion backlog in needed repairs that have gone unfunded. HUD also estimated that these needs accrue at a rate of $3.4 billion per year.
Unfortunately, the Public Housing Capital Fund has been continually underfunded for years, compounding the backlog of repairs. In FY 2016, Congress only provided $1.9 billion for the Capital Fund and the President even proposed to cut $25 million from the program in his FY 2017 budget proposal.
However, the need is great and an additional investment in our nation’s public housing infrastructure specifically aimed at improving health and safety could have a major impact on the lives of the 1.2 million public housing households in America and would be an important first step in addressing the needs of these residents.
Take action today to support this critically-needed additional spending for the Public Housing Capital Fund.