Public Housing Under Pressure via Housing Finance Magazine

Every year for more than a decade, the federal budget has provided much less than housing authorities need to manage and maintain their public housing properties. Across the country, public housing crumbles amid billions of dollars of deferred maintenance ranging from peeling paint to leaky roofs.

Federal officials also continue to pile on reporting and compliance mandates that don’t make sense for smaller housing authorities, which simply don’t have the staff to keep up.

And the most-recent proposed reform of the federal tax code might wipe out an important funding program that has—until now—helped many housing authorities repair their tattered buildings and improve their funding situation.

Read more...Public Housing Under Pressure| Housing Finance Magazine | Public Housing, LIHTC, Research