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 2017, Congress provided $1.9 billion for the Capital Fund and an additional $25 million to address lead health hazards in public housing. Congress is working on the upcoming FY 2018 now and the House Transportation, Housing and Urban Development (THUD) bill provides only $1.85 billion for the Capital Fund and no funding for health hazards. ...