How HUD Wants You To ‘REPOSITION’ Your Public Housing

Thursday, January 03, 2019

Voluntarily converting public housing to vouchers is one flexibility

With the United States in an affordable housing crunch, the U.S. Department of Housing and Urban Development (HUD) is scrambling to come up with solutions. In the latest big idea, HUD is encouraging public housing agencies (PHAs) to get on the “repositioning” bandwagon.

Problem: In a Nov. 13 letter to PHA Executive Directors, HUD’s Office of Public and Indian Housing (PIH) lamented that the capital needs of the U.S. public housing inventory has outpaced federal funding for most of the past decade. Estimated public-housing capital needs continue to grow at around $3.5 billion annually, and the public housing industry faces barriers in accessing other forms of affordable housing financing that’s commonly available in the private sector.

This all means that some PHAs are struggling to preserve the quality of public housing. PIH is focusing on “repositioning public housing” by providing PHAs with additional flexibilities. HUD is currently encouraging PHAs to reposition their public housing properties to help address the significant capital backlog, but it’s not requiring you to reposition your properties at this time, according to the National Association of Housing and Re

 

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