Future Accrual of Capital Repair and Replacement Needs of Public Housing

In June 1983, the U.S. House of Representatives mandated the U.S.
Department of Housing and Urban Development to conduct a study to determine
the physical renovation needs of the nation's Public and Indian Housing stock
and to estimate the cost of correcting deficiencies and subsequently
maintaining that housing stock in adequate physical condition The Housing
and Community Development Act of 1987 repeated that mandate. Congressional
and HUD interest was spurred by concern that the current Comprehensive
Improvement Assistance Program (the major existing program for funding the
modernization of Public Housing) might not be meeting the needs of certain
segments of the aging inventory.