The PHA Budget

How do we pay our bills? The Philadelphia Housing Authority has a $345 million dollar annual budget that comes from several sources. We receive most of our funding from the U.S. Department of Housing and Urban Development (HUD). A small part of our budget ($20 million) comes in the form of grants, notably the HOPE VI program to replace old developments. Another $2 million comes from interest and other forms of income. We collect $13 million in rents.