From The Star Tribune:
More than 3,800 housing units owned by the St. Paul Public Housing Agency are being transferred to a new program that will shore up funding to keep up with repairs.
The Public Housing Agency is slated to receive an estimated infusion of $220 million in funding over the next 20 years under the federal Rental Assistance Demonstration (RAD) program. Agency officials say that the new wave of dollars will mean less uncertainty around congressional funding and is a way to maintain the public housing units they have. Officials hope to eventually create more affordable housing units under the program.
Read The Star Tribune's article "St. Paul Public Housing Agency gets OK for program to preserve public housing units."