GOVERNOR RELEASES FY26-30 CAPITAL PLAN

The FY26-FY30 Capital Investment Plan (CIP) was unveiled on Monday, June 30^th. Overall, this is a $2.34 billion investment over five years in the housing sector. This investment increases the overall portion of the CIP that is dedicated to housing by 5%.

Overall, the CIP will invest just under $925 million in public housing over the next five years. This includes:

·       $657 million to fund public housing capital investments. These funds will be accessible through formula funding for local housing authorities, targeted and advertised awards of funds for specific projects that will focus on HVAC electrification, flood mitigation, site accessibility, and the addition of second elevators. A portion of these funds are also reserved for ad hoc emergency repairs for health and safety concerns.

·        $136.4 million for mixed income demonstration. This fund will provide funding for a number of redevelopment projects for 300 public housing units.

·   $115 million for the public housing sustainability and resiliency program. This program funds projects that reduce greenhouse gas emissions produced by the public housing portfolio. It also

·       $15 million will be made available for public housing accessibility. This will allow for the creating or retrofitting 12 public housing units into accessible units per year.

The full Capital Investment Plan can be accessed here. You can read the accompanying housing-focused brief, Bolstering our Housing Blueprint: Production, Preservation, and Community Support here.