$40 Billion Investment in Public Housing Infrastructure Returns $76 Billion in Economic Impact and Creates 440,000 Jobs

Date Published: 
April 8th, 2021
Media Contact:
David Greer, CLPHA
 (202) 550-1381
For Immediate Release
April 9, 2021
(Washington, D.C.) April 9, 2021 – The Biden Administration’s recently announced infrastructure proposal, The American Jobs Plan, includes a $40 billion commitment to recapitalize public housing infrastructure. Applying data from a report by Econsult Solutions (ESI), a private data analytics firm, CLPHA estimates that 440,000 jobs will be created and $76 billion in economic impact generated during the time when the $40 billion in funds are spent. 
“Investing in public housing infrastructure offers many economic benefits beyond lifting families out of poverty and preventing homelessness,” said Sunia Zaterman, executive director of the Council of Large Public Housing Authorities (CLPHA). “The American Jobs Plan is the first to provide the size and scale of resources necessary to repair the crumbling infrastructure of public housing. In return local employers, governments, and industries will benefit from an economic activity that outpaces investment and creation of good-paying construction jobs.”  
CLPHA commissioned ESI to evaluate the economic impacts of six public housing authorities (PHAs) in diverse markets across the country. Released in late 2018, “The Economic Impact of Public Housing: Ongoing Investment with Wide-Reaching Returns” found that PHAs generate and induce multiple streams of economic activity benefiting public housing residents and their local communities. For every $1 million PHAs spend on capital investments, $1.89 million in economic activity is generated and 11 full-time jobs are supported. CLPHA applied the American Jobs Plan’s $40 billion for recapitalizing public housing infrastructure with ESI’s economic impact numbers and found the American Jobs Plan will generate $76 billion in economic activity and 440,00 jobs — a nearly 2 to 1 ratio for economic impact generated to dollars spent.
“After decades of chronic underfunding and disinvestment in public housing infrastructure, the American Jobs Plan can be game changing. Local communities have an opportunity to experience the benefits of a robust public and affordable housing system,” said Zaterman. “Whether it is improving life outcomes for low-income families, creating positive impacts in surrounding neighborhoods of well-maintained public housing, expanding local and state tax bases, or spurring regional job creation and economic growth, public housing is a benefit. It is clear from the American Jobs Plan that the Biden Administration is committed to advancing public housing.” 

About the Council of Large Public Housing Authorities
The Council of Large Public Housing Authorities is a national non-profit organization that works to preserve and improve public and affordable housing through advocacy, research, policy analysis and public education. CLPHA’s 70 members represent virtually every major metropolitan area in the country. Together they manage 40 percent of the nation’s public housing program; administer more than a quarter of the Housing Choice Voucher program; and operate a wide array of other housing programs. Learn more at clpha.org and on Twitter @CLPHA .


About CLPHA’s Housing Is Initiative
The Housing Is Initiative, led by the Council of Large Public Housing Authorities, helps build a future where sectors work together to improve life outcomes. Housing stability is a critical first step to improve life outcomes for low-income children, families, and seniors; CLPHA’s Housing Is Initiative is based on the premise that sectors can better meet needs when they work together. Housing Is establishes, broadens, and deepens efforts to align affordable housing, education, and health systems to produce positive, long-term results. Learn more at housingis.org and on Twitter @housing_is.

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