HUD REGIONAL ADMINISTRATOR GARCIA ANNOUNCES THAT OVER 155 AFFORDABLE HOMES IN COLORADO WILL BECOME MORE ENERGY EFFICIENT AS A RESULT OF $2.4 MILLION RECOVERY ACT GREEN RETROFIT AWARDS
Awards will create green jobs and reduce energy costs

DENVER - U.S. Housing and Urban Development (HUD) Regional Administrator Rick M. Garcia announced today that
two affordable housing developments, including 155 homes, throughout the state of Colorado have been awarded more than $2.4 million to complete energy efficient renovations with Recovery Act funds. The announcement came
at an event with Congressman Jared Polis at Canyon Pointe, which is being awarded $1,292,059 in Green Retrofit Program funds. The renovations will not only generate many necessary upgrades to thousands of affordable apartments, but they will also create jobs and save money for thousands of residents.

In Colorado, the projects are:

Today's announcement is part of a major, national Recovery Act milestone: 100 affordable housing developments, including 8,112 homes, around the country have been awarded more than $100 million to complete energy efficient renovations with Recovery Act funds. A complete list of Recovery Act Green Retrofit Program awards being issued today can be on HUD's website.

The awards are part of HUD's Green Retrofit Program for Multifamily Housing, created for the first time through the Recovery Act. The Green Retrofit Program is providing $250 million nationally to reduce energy costs, cut water consumption, and improve indoor air quality. The remaining awards will be made on a rolling basis from now through September 30, 2010.

"I am very pleased that Colorado received funding for two of HUD's Green Retrofit projects," said Rick Garcia. "The projects not only create energy efficiencies for the multifamily properties, but also create jobs installing improved appliances, insulations, solar panels, faucets and heating/cooling systems."

The Green Retrofit Program is designed to create thousands of green jobs as workers retrofit older federally assisted multi-family apartment developments with the next generation of energy efficient technologies. Grants and loans provided through this program help private landlords and property management companies to cut heating and air conditioning costs by installing more efficient heating and cooling systems, and to reduce water use by replacing faucets and toilets. These Recovery Act funds also produce other environmental benefits by encouraging the use
of recycled building materials, reflective roofing, and non-toxic products to reduce potentially harmful 'off-gassing'
of harmful fumes. Funds are awarded to owners of HUD-assisted housing projects and can be used for a wide range
of retrofit activities, ranging from windows/doors to solar panels and geothermal installation.

The Recovery Act included $13.61 billion for projects and programs administered by HUD, nearly 75 percent of
which was allocated to state and local recipients only eight days after President Obama signed the Act into law.
The remaining 25 percent is being awarded through competitive grant programs, including the Green Retrofit
Program. To date, over 99 percent of HUD's Recovery Act funds are in the hands of local communities, being used
to improve housing and neighborhoods, while creating jobs. HUD is committed to implementing Recovery Act investments swiftly and effectively as they generate tens of thousands of jobs, modernize homes to make them energy efficient, and help the families and communities hardest hit by the economic crisis.

In addition, Secretary Donovan and the Department are committed to providing the highest level of transparency possible as Recovery Act funds are administered. It is vitally important that the American people are fully aware of how their tax dollars are being spent and can hold their federal leaders accountable. Every dollar of Recovery Act funds HUD spends can be reviewed and tracked at HUD's Recovery Act website. The full text of HUD's funding
notices and tracking of future performance of these grants is also available at HUD's Recovery Act website.

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HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and transform the way HUD does business. More information about HUD and its programs is available on the Internet at www.hud.gov and espanol.hud.gov.