Rescission

What this funds

Funding at this level is projected to be sufficient to cover 100 percent of public housing operating expenses. When paired with existing program reserves, HUD estimates that funding at this level will ensure that there are sufficient resources at every PHA to maintain current service levels. The Budget proposes capital fund grants in the amount of $3.2 billion. Public Housing Capital Fund Formula Grants are the primary source of funding for public housing rehabilitation. More than half of the Nation's approximately 860,000-unit public housing stock was constructed prior to 1970, with some as early as 1936. As a result, some units require significant rehabilitation to return them to a condition that is safe, decent, and sustainable. Eligible uses of capital grants include, but are not limited to:  Resident security and safety activities;  Integrated utility management and energy-saving measures; and Public Housing capital grants are essential to improving the quality of public housing, increasing occupancy in public housing, leveraging Federal resources, and increasing the supply of affordable

Extracted from 2027 CJ Program PH Fund, p. 3. Verbatim; nothing here is paraphrased. This is a different document from the one the figures above were read off — the agency prints this line's dollars in a summary table and its justification elsewhere.

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Answers come from the figures on this page and nothing else. These dollars are parsed from Housing & Urban Dev's Congressional Justification and are approximate — confirm anything that matters against the cited page.