HUD No. 13-28 Agatha Gutierrez (913) 551-6803 |
For Release Thursday August 8, 2013 |
HUD AWARDS IOWA HOUSING AUTHORITIES $4,530,750 TO IMPROVE, PRESERVE NATION'S PUBLIC HOUSING STOCK
Housing authorities across the U.S., territories use funding to maintain housing for families, seniors
KANSAS CITY, KS - U.S. Department of Housing and Urban Development Secretary Shaun Donovan today awarded public housing authorities in Iowa $4,530,750 that will be used to make major large-scale improvements to their public housing units.
The following housing authorities in Iowa will receive this funding.
State | Public Housing Authority | 2013 Capital Funding |
Iowa | Afton Housing Commission | $27,661 |
Albia Housing Agency | $38,588 | |
Area XV Multi-County Housing Agency | $90,191 | |
Centerville Municipal Housing Agency | $104,151 | |
Central Iowa Regional Housing Authority | $145,737 | |
Chariton Housing Authority | $60,641 | |
Charles City Hsg and Redev Authority | $135,389 | |
City of Iowa City Housing Authority | $102,356 | |
Clarinda Low Rent Housing Agency | $65,555 | |
Corning Housing Commission | $38,523 | |
Davenport Housing Commission | $50,955 | |
Des Moines Municipal Housing Agency | $920,460 | |
Eastern Iowa Regional Housing Authority | $158,368 | |
Essex Low Rent Housing Agency | $12,049 | |
Evansdale Municipal Housing Authority | $44,548 | |
Fort Dodge Municipal Housing Agency | $134,530 | |
Fort Madison Housing Authority | $138,472 | |
Keokuk Housing Authority | $200,617 | |
Lenox Low Rent Housing Agency | $22,465 | |
Lone Tree Housing Commission | $16,165 | |
Low Rent Housing Agency Of Bancroft | $24,794 | |
Low Rent Housing Agency of Burlington | $200,245 | |
Low Rent Housing Agency of Clinton | $68,005 | |
Low Rent Housing Agency Of Farragut | $16,336 | |
Low Rent Housing Agency Of Hamburg | $20,813 | |
Low Rent Housing Agency of Knoxville | $60,678 | |
Low Rent Housing Agency Of Leon | $33,946 | |
Low Rent Housing Agency Of Missouri Valley | $43,122 | |
Low Rent Housing Agency Of Mount Ayr | $21,294 | |
Low Rent Housing Agency Of Onawa | $50,680 | |
Low Rent Housing Agency Of Red Oak | $41,603 | |
Low Rent Housing Agency Of Sidney | $17,604 | |
Low Rent Housing Agency Of Sioux Center | $68,222 | |
Low Rent Housing Agency Of Waverly | $39,049 | |
Low Rent Housing Agency Of Winterset | $34,447 | |
Malvern Low Rent Housing Agency | $14,977 | |
Municipal Housing Agency of Council Bluffs | $253,500 | |
Municipal Housing Agency Of Manning | $23,439 | |
Muscatine Municipal Housing Agency | $156,062 | |
North Iowa Regional Housing Authority | $120,657 | |
Ottumwa Housing Authority | $358,011 | |
Rock Rapids Municipal Housing Agency | $41,454 | |
Shenandoah Low Rent Housing Agency | $62,216 | |
Southern Iowa Regional Housing Authority | $132,043 | |
Stanton Housing Commission | $16,734 | |
Tabor Low Rent Housing Agency | $16,583 | |
Villisca Low Rent Housing Agency | $41,662 | |
Waterloo Housing Authority | $45,153 | |
Iowa Total | $4,530,750 |
The grants announced today are provided through HUD's Capital Fund Program, which provides funding annually to all public housing authorities to build, repair, renovate and/or modernize the public housing in their communities. The authorities use the funding to do large-scale improvements to the housing such as new roofs or to make energy-efficient upgrades to replace old plumbing and electrical systems.
"This funding is critical for housing authorities to maintain and improve public housing conditions for their residents," said Donovan. "However, with a significant repair backlog, I am encouraged by new, innovative long-term solutions HUD is exploring that can be combined with this funding to not only protect and preserve this housing for the next generation, but to also build the quality infrastructure necessary for families to thrive."
"Housing authorities in Iowa count on this funding to maintain and improve their public housing for many families, especially the most vulnerable - our seniors," said Deputy Regional Administrator, Theresa Porter. "HUD is currently taking bold steps to preserve this affordable housing."
Capital Fund grants are awarded each year to the nation's approximately 3,100 public housing agencies through a formula that considers number, type and age of units in a community. Eligible uses for this funding include development, financing and modernization of the public housing units as well as management improvements at the public housing authority.
Over the past 75 years, the federal government has been working and investing billions of dollars in developing and maintaining public and multifamily housing - including providing critical support through the Capital Fund grants announced today. Still, the nation continues to lose approximately 10,000 public housing units annually, primarily due to disrepair. In 2011, HUD released Capital Needs in the Public Housing Program, a study that estimated the capital needs in the public housing stock in the U.S. The study found the nation's 1.2 million public housing units are facing an estimated $25.6 billion in large-scale repairs. Unlike routine maintenance, capital needs are extensive improvements required to make the housing decent and economically sustainable, such as replacing roofs or updating plumbing and electrical systems to increase energy efficiency.
To help protect the considerable federal investment and respond to the growing demand for affordable rental housing, the Obama Administration proposed the Rental Assistance Demonstration (RAD), a comprehensive strategy that complements the Capital Fund Program and offers a long-term solution to preserve and enhance the country's affordable housing stock, including leveraging public and private funding to make critically needed improvements.
Since Congress approved the demonstration, early results show it is already generating additional capital for public and assisted housing. After opening RAD application periods last summer, HUD has approved or given initial approval to nearly 20,000 public and assisted housing units in 180 different projects across the country. Through these awards, housing authorities have proposed to generate close to $816 million in private debt and equity investments to reduce the capital backlog in public housing properties, which will preserve or replace distressed units and support local jobs in their communities - all without additional federal resources.
HUD also recently issued new RAD guidance that expands the program's flexibility that will benefit current and future applicants and participants.
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