The U.S. Department of Housing and Urban Development today released a study entitled, “Capital Needs in the Public Housing Program” that finds the nation’s 1.2 million public housing units need an estimated $25.6 billion for large scale repairs. The study also includes the first extensive look at the estimated cost of energy and water conservation projects. The combat the shortage, HUD has proposed a number of new initiatives, including Choice Neighborhoods and the Rental Assistance Demonstration (RAD).
Read More…