Feb 18th 2015 | Posted in Vertical by Government Contracting Pipeline

U.S. Dept. of Housing & Urban Development logo

U.S. Dept. of Housing & Urban Development logo

“Every American deserves a place to call home where they can successfully raise their kids, enhance their financial security and build a better life,” said U.S. Department of Housing and Urban Development (HUD) Secretary Julian Castro  as he recently announced nearly $1.8 billion in funding for public housing authorities.

Public housing authorities in all 50 states, as well as the District of Columbia, Guam, Puerto Rico and the U.S. Virgin Islands, will share in the funding. It is part of the HUD Capital Fund Program that will benefit some 3,100 public housing authorities. These authorities can use the money to build, repair, renovate and/or modernize the public housing in their communities.  (View the FY2015 Public Housing Capital Funding by state here.)

These funds will be used for major large-scale improvements to public housing in their communities. Some of the larger projects include roof replacements, energy efficiency upgrades and replacement of aging plumbing and electrical systems.  The program has allowed HUD to make awards over the years to 60,000 public and assisted housing units in more than 340 different projects across the country.

The largest allocation was $356,747,472 to the Housing Authority of New York. Some other multi-million-dollar awards included: Pennsylvania – $114,186,528; Texas – $73,527,456; Ohio – $72,912,128; California – $68,501,042; New Jersey – $61,232,549; and Georgia – $58,918,383.

HUD officials point to the fact that many of the public housing being lost throughout the country is related to disrepair. A recent HUD study found the nation’s 1.1 million public housing units are facing an estimated $25.6 billion in large-scale repairs.  These are capital needs projects, not routine maintenance.

“Through this funding, HUD is committed to strengthening our nation’s affordable housing units and to providing folks with the springboard they need to succeed,” said Castro.

Strategic Partnerships, Inc. offers customized research services for companies wishing to identify upcoming public sector contracting opportunities in construction and other industries. Contact us to learn more about our government market research capabilities.