To help public housing authorities make needed capital improvements to their properties, the U.S. Department of Housing and Urban Development this week allocated $24.1 million in annual funding to housing authorities in Wisconsin.
The grants include $61,202 for the Algoma Housing Authority, provided through HUD’s Capital Fund Program, which offers annual funding to approximately 3,100 public housing authorities to build, repair, renovate and/or modernize the public housing in their communities. These housing authorities use the funding to complete large-scale improvements such as replacing roofs or making energy-efficient upgrades to replace old plumbing and electrical systems.
To help provide residents with decent, safe and sanitary housing and respond to the growing demand for affordable rental housing, HUD uses the Rental Assistance Demonstration (RAD), a comprehensive strategy that complements the Capital Fund Program. RAD offers a long-term solution to preserve and enhance the country’s affordable housing stock, including leveraging public and private funding to make critically needed improvements.
“In Wisconsin, the Capital Fund Program will help ensure that families and seniors are residing in public housing that is decent, safe and in good repair to build a better life,” said Joseph P. Galvan, HUD Midwest Regional Administrator. “It is part of HUD’s mission to protect consumers and meet the need for quality affordable homes for all and help provide a springboard to opportunity.”