Date Published:
April 26th, 2019
In Affordable Housing Finance's article "Turning Point for Public Housing," CLPHA' Executive Director Sunia Zaterman says of the massive capital needs backlog facing public housing authorities that “[t]he handwriting has been on the wall. The funding levels were not sustainable."
Zaterman adds, "We have lost about 10,000 units a year from underfunding," but that "[t]he number of public housing units lost may have slowed to about 8,000 a year, thanks to RAD, in the last couple of years.”
With RAD, says Zaterman, “[w]e have achieved proof of concept,... We could have the portfolio totally recapitalized in 10 years.”
Read Affordable Housing Finance's article here.