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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.
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