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HUD   >   State Information   >   Virginia   >   News   >   HUDNo.2013-08-08
HUD R3 No. 13-53
Niki Edwards
(215) 430-6622
www.hud.gov/virginia
FOR RELEASE
Thursday
August 8, 2013

 HUD AWARDS VIRGINIA HOUSING AUTHORITIES $27.6 MILLION
TO IMPROVE, PRESERVE NATION’S PUBLIC HOUSING STOCK

PHILADELPHIA – U.S. Department of Housing and Urban Development Secretary Shaun Donovan awarded today public housing authorities in Virginia $27,695,820 to make major large-scale improvements to their public housing units. 

These grants are provided through HUD’s Capital Fund Program, which awards 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 Virginia count on this funding to maintain and improve their public housing for families, especially the most vulnerable – our seniors,” said Jane C.W. Vincent, HUD’s Regional Administrator of the mid-Atlantic region. “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 United States. 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, which will benefit current and future applicants and participants.   

Virginia Housing Authorities
Abingdon Redevelopment and Housing Authority $33,817
Alexandria Redevelopment & Housing Authority $1,115,166
Bristol Redevelopment & Housing Authority $446,563
Charlottesville Redevelopment & Housing Authority $465,361
Chesapeake Redevelopment & Housing Authority $599,276
Cumberland Plateau Regional Housing Authority $322,725
Danville Redevelopment & Housing Authority $661,411
Fairfax County Redevelopment & Housing Authority $1,415,411
Franklin Redevelopment and Housing Authority $299,557
Hampton Redevelopment & Housing Authority $764,690
Hopewell Redevelopment & Housing Authority $588,763
Lee County Redevelopment & Housing Authority $101,677
Lynchburg Redevelopment & Housing Authority $431,976
Marion Redevelopment & Housing Authority $343,986
Newport News Redevelopment & Housing Authority $2,789,144
Norfolk Redevelopment & Housing Authority $5,773,646
Norton Redevelopment & Housing Authority $295,304
Petersburg Redevelopment & Housing Authority $538,742
Portsmouth Redevelopment & Housing Authority $1,527,562
Richmond Redevelopment & Housing Authority $5,661,976
Roanoke Redevelopment & Housing Authority $1,727,249
Scott County Redevelopment & Housing Authority $123,679
Staunton Redevelopment & Housing Authority $204,435
Suffolk Redevelopment and Housing Authority $548,627
Waynesboro Redevelopment & Housing Authority $264,980
Williamsburg Redevelopment & Housing Authority $127,395
Wise County Redevelopment & Housing Authority $228,249
Wytheville Redevelopment & Housing Authority $294,453
Total $27,695,820
 
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