A new study finds that every dollar directed towards public housing agencies (PHAs) through stimulus funding has a total economic impact of $3.12. Additionally, for every $1 million stimulus dollars supporting public housing capital projects, 26 new jobs are created nationally. Since March of 2009, 3,100 PHAs throughout the nation received a total of $4 billion from the Recovery Act to support numerous capital projects, including modernization, property acquisition, new construction, critical maintenance, and management improvements.
In Public Housing Stimulus Funding: A Report on the Economic Impact of Recovery Act Capital Improvements, the Econsult Corporation evaluates the capital investments of 20 housing agencies. Together, the agencies received a total $700 million in stimulus funds, and an additional $500 million in leveraged funds, for a total of $1.2 billion in direct investments. Findings from the report indicate that the investment by the PHAs resulted in $3.8 billion of economic activity. The report also finds that the investment generated $1.2 billion in salary and wages and created 31,400 jobs. Investment of Recovery Act funds in public housing showed greater economic returns than in any other industry observed in the study, including retail trade, telecommunications, utilities, and real estate.
Across the 20 agencies analyzed, the authors found 53,827 units of housing were preserved as a result of the stimulus funding and 1,800 additional units were produced or brought back into service.
For more information about benefits of federals stimulus spending on public housing and its impacts on national, state, and local economies visit