Who did the study:
The study was conducted by Econsult Corporation and sponsored by the
Housing Authority Insurance (HAI) Group. It was supported by the
Council of Large Public Housing Authorities (CLPHA) and the Public
Housing Authorities Directors Association (PHADA). (Full report here.)
Why the study was done:
What the study includes:
What the researchers looked at:
Cities included in the report:
What the study found:
Public housing is a critical resource for low wage workers:
• Average wages in some industries, such as accommodation and food service, are too low for workers to afford market rate housing costs.
• Public housing provides more than 1
Public housing plays an essential role in the nation’s efforts to preserve affordable housing:
• The total replacement cost for the 1.2 million units of existing public housing would approach $145 billion, excluding land.
• The national average unit replacement cost is $121,000; land costs are a significant part of that cost in some markets
• The government role in subsidizing this housing is critical
because the private sector is not likely to provide equivalent housing
at affordable rents
Public housing expenditures contribute significantly to local economies:
• Direct spending by public housing authorities on capital
improvements, maintenance and operations is approximately $8.1 billion
• This direct spending generates an additional $8.2 billion in indirect economic activity in these communities.