Part two of Affordable Housing Finance’s special report “Turning Point for Public Housing,” explores tools such as the Rental Assistance Demonstration (RAD) program and Low-Income Housing Tax Credits (LIHTC) that public housing authorities can use to recapitalize and redevelop properties for their residents and communities. In the face of unsustainable federal funding levels, CLPHA Executive Director Sunia Zaterman tells the magazine that public housing is at a crossroads, but with the right tools, “we could have the portfolio totally recapitalized in 10 years.”
Zaterman was also featured in part one of the series to discuss the impact of the federal disinvestment in public housing. “We have lost about 10,000 units a year from underfunding,” she said. But, “the number of public housing units lost may have slowed to about 8,000 a year, thanks to RAD, in the last couple of years.”
Read the series, which includes interviews with housing advocates, policy experts, and policymakers, online here.