HUD No. 09-185
Andrea Meads (202) 708-0980
Jane Goin (303) 672-5440
September 23, 2009
HUD ANNOUNCES $500 MILLION IN RECOVERY ACT GRANTS TO ADD AFFORDABLE RENTAL HOUSING, "GREEN" EXISTING PUBLIC HOUSING
Grants will increase energy efficiency, upgrade public housing and create jobs -
More Than $7.4 Million Awarded To Front Range Communities
WASHINGTON - U.S. Department of Housing and Urban Development Secretary Shaun Donovan awarded $500 million
in competitive grants today that will allow public housing authorities across the U.S. to build or renovate affordable rental apartments and make existing public housing units more energy efficient. Six of the grants were awarded to Denver, Fort Collins and Boulder totaling $7,493,151. The Public Housing Capital Funds being awarded today are provided through The American Recovery and Reinvestment Act of 2009 (Recovery Act). A full list of grants
awarded today can be found on HUD's Recovery Act Website.
Today 134 housing authorities will receive funds to create energy efficient communities by rehabilitating existing
public housing units. The agencies will have resources to install new energy efficient technologies to conserve
energy, such as Energy Star appliances, high-efficiency boilers/furnaces and programmable thermostats or controls.
In addition, 35 housing authorities will receive funds that will allow them to proceed with redevelopment or replacement of housing developments that were stalled because of a lack of private financing. This funding
essentially fills the gap in private capital to allow work to continue.
- The Housing Authority of the City and County of Denver will receive $1,146,157 for Park Avenue-Block 4B
and $4,932,324 for Park Avenue-Block 5B;
- Boulder Housing Partners was awarded $457,920 for senior sites and $368,750 for family sites;
- Fort Collins Housing Authority received a $463,000 grant; and
- Wellington Housing Authority in Fort Collins received $126,000 for work at @Wells Acres.
"The grants being awarded today should give hope to families across the country that more affordable housing opportunities are on the way," said Donovan. "This Recovery Act funding will not only give housing authorities the resources they need to jump start production of affordable housing, but it will also reduce energy costs and
mitigate negative environmental impacts, while creating much-needed 'green' jobs across the country."
In February, just eight days after President Obama signed the Recovery Act into law, HUD allocated nearly $3 billion
in Recovery Act funding to more than 3,100 public housing authorities across the U.S. Distributed by formula, that funding is already being put to work to improve public housing and create safer, more livable environments for lower income residents.
The funding being announced today is part of an additional $1 billion in Public Housing Capital Funds designated by
the Recovery Act to be awarded competitively. HUD accepted applications under this program from public housing authorities between June 22 and August 18. Grants under the program are now being awarded to public housing authorities that effectively addressed the requirements in the Notice of Funding Availability (NOFA) under the
following four funding categories:
Category 1 - Improvements Addressing the Needs of the Elderly and/or Persons with Disabilities:
$95 million will soon be awarded to improve public housing units and create community facilities for the delivery
of supportive services to this vulnerable population.
Category 2 - Public Housing Transformation: $96 million out of $100 million was awarded on September 3 to transform public housing developments that are distressed and a blighting influence on the surrounding community
into newly built or renovated developments.
Category 3 - Gap Financing for Projects that are Stalled Due to Financing: $200 million of the $500 million
being awarded today falls into this category, which allows PHAs to develop or renovate public housing projects
stalled due to lack of resources.
Category 4 - Creation of Energy Efficient, Green Communities: $600 million is being awarded for public housing authorities to create more energy efficient public housing units. Applications were due for this category on July 21, 2009. Within this category, applicants could apply under Option 1 for substantial rehabilitation or new construction
or Option 2 for moderate rehabilitation. $300 million of the $500 million awarded today fall under Option 2 of this category. Option 1 of this category was awarded September 18, totaling $300 million.
HUD is the nation's housing agency committed to sustaining homeownership; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development ad enforces the nation's
fair housing laws. More information about HUD and its programs is available on the Internet and espanol.hud.gov.