Looking back, the housing industry is totally Scrooged

Looking back, the housing industry is totally Scrooged

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HUD awards $1.8B to improve, preserve country's public housing stock

The U.S. Department of Housing and Urban Development awarded nearly $1.8 billion to public housing authorities to make improvements in their housing stock.

HUD disbursed funds to all 50 states, the District of Columbia, Guam, Puerto Rico and the U.S. Virgin Islands. 

The money can be used to build, repair, renovate or modernize public housing, including large-scale improvements such as new roofs, plumbing upgrades, electrical repairs and energy-efficiency upgrades.

HUD said public housing authorities need nearly $26 billion for improvements, but said the agency awarded far less due to "our budget realities."

kcurry@housingwire.com

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