Council of Large Public Housing Authorities Report
An estimated $169 billion is needed to preserve the nation's public housing, according to a report by the Council of Large Public Housing Authorities (CLPHA).
The report, titled "Estimating the Cost to Preserve the Nation's Public Housing," estimates the capital needs of the nation's public housing units to be $169.1 billion, or $188,090 per unit.
Public housing provides rental homes for about 1.6 million people across the United States, with 72% of households having extremely low incomes (less than 30% of AMI or the federal poverty level, whichever is greater).
The report is part of the 10 Year Roadmap for Public Housing Sustainability, an ongoing effort led by CLPHA.
No specific quotes available in the text.
Author summary: Public housing needs $169 billion for preservation.
- Capital needs: $169.1 billion
- Cost per unit: $188,090
- Households with extremely low incomes: 72%