The U.S. Department of Housing and Urban Development (HUD) has awarded more than $2.7 billion to public housing authorities in all 50 states, including those in Saratoga Springs, Mechanicville and Glens Falls.
The funding will allow agencies to make needed capital improvements to their properties. In New York, HUD awarded $653 million to housing authorities in the state.
Locally, the Saratoga Housing Authority received $764,749, the Mechanicville Housing Authority received $301,925 and the Glens Falls Housing Authority received $463,186.
The grants are provided through HUD’s Capital Fund Program, which offers annual funding to approximately 2,900 public housing authorities to build, repair, renovate, and/or modernize the public housing in their communities. 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.
“Few issues at HUD are more important to me than the repair and preservation of public housing,” said Lynne Patton, HUD regional administrator for New York and New Jersey. “HUD’s Capital Fund Program is essential to the restoration of affordable housing because it provides resources to ensure low-income residents live in healthy, safe and sanitary homes.”
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.
