February 10, 2012
HUD AWARDS COLORADO HOUSING AUTHORITIES $10 MILLION TO IMPROVE, PRESERVE NATION'S PUBLIC HOUSING STOCK
Congress gives approval to test HUD comprehensive affordable housing preservation program
WASHINGTON - U.S. Department of Housing and Urban Development Secretary Shaun Donovan awarded today public housing authorities in Colorado $10,307,643 that will be used to make major large-scale improvements to their public housing units. (See Colorado authorities below).
Today's grants are provided through HUD's Capital Fund Program, which provides annual funding to all public housing authorities to build, repair, renovate and/or modernize the public housing in their communities. This funding can be used to make large-scale improvements such as new roofs and to make energy-efficient upgrades to replace old plumbing and electrical systems.
"This funding will help housing authorities address long-standing capital improvements, but it only scratches the surface in addressing the deep backlog we're seeing across the country," said Donovan. "Today, we are closer to helping housing authorities and our private sector partners undertake their capital needs over the long haul. With the passage of HUD's 2012 budget, Congress gave HUD the go-ahead for a new, comprehensive and critical demonstration tool that we believe will help preserve and enhance America's affordable housing, including public housing."
HUD's Rocky Mountain Region's Administrator Rick Garcia added: "HUD is committed to improving public housing and creating communities that thrive. These funds help fill the gap for public housing agencies throughout the Rocky Mountain region to make enhancements and create more affordable housing."
In November 2011, Congress gave HUD the approval to test a comprehensive tool to preserve public housing and other HUD-assistant housing. Congress authorized HUD to begin a Rental Assistance Demonstration (RAD) as part of the Obama Administration's comprehensive strategy to keep these public and other HUD affordable homes on firm financial footing. Public housing authorities need nearly $26 billion to keep these homes safe and decent for families. But given our budget realities, HUD proposed this innovative way to confront the decline of the nation's public and affordable housing stock.
In FY 2012, RAD will enable public housing authorities and owners to continue to make standard life-cycle improvements to their inventory and modernize or replace obsolete units to stem the loss of stock from private sector partners choosing to opt-out of affordable housing programs. The demonstration will bring more than 60,000 properties into a reliable, long term, project-based rental assistance contract - and allow public housing authorities to raise more than $6.1 billion in private financing to reduce the large backlog of capital repair needs and in the process, support significant job creation in communities across the country.
Sandra B. Henriquez, HUD Assistant Secretary for Public and Indian Housing, added, "We see Congress' decision to allow this demonstration to begin as a victory, not only for HUD, but for countless communities that desperately want to improve their public housing and other affordable housing, as well as a victory for families who need quality housing they can afford and who want more options on where they might choose to live."
Last year, HUD released Capital Needs in the Public Housing Program, a study that updated the national estimate of capital needs in the public housing stock in the U.S. The study found the nation's 1.2 million public housing units are facing an estimated $25.6 billion in much-needed large scale repairs. Unlike routine maintenance, capital needs are the large-scale improvements required to make the housing decent and economically sustainable, such as replacing roofs or updating plumbing and electrical systems to increase energy efficiency. This study updates a 1998 analysis and includes costs to address overdue repairs, accessibility improvements for disabled residents, lead abatement, and water and energy conservation that would make the homes more cost effective and energy efficient.
Over the last 75 years, the federal government has invested billions in the development and maintenance of public and multifamily housing - including providing critical support through HUD's Capital Fund, the grants announced today. Still, the nation continues to lose thousands of public housing units annually, primarily due to disrepair. To protect the considerable federal investment and respond to the growing demand for affordable rental housing, the Obama Administration proposed RAD. The details of the demonstration's timeline and application are being prepared and HUD expects to issue a notice for public comment in the coming months.
The following housing authorities in Colorado will receive this funding:
|Housing Authority of the City And County of Denver||
|Housing Authority of the City of Pueblo||
|Housing Authority of the City of Walsenburg||
|Housing Authority of the City of Alamosa||
|Trinidad Housing Authority||
|Housing Authority of the City of Lamar||
|Housing Authority of the Town of Holly||
|Housing Authority of Antonito||
|Housing Authority of the Town of Yuma||
|Fort Morgan Housing Authority||
|Housing Authority of the Town of Limon||
|Housing Authority of the City of Salida||
|Wellington Housing Authority||
|Housing Authority of the Town of Aguilar||
|Boulder Housing Partners||
|Housing Authority of the Town of Haxtun||
|Housing Authority of the Town of Kersey||
|Housing Authority of the City of Brighton||
|Housing Authority of the Town of Keenesburg||
|Julesburg Housing Authority||
|Housing Authority of the City of Wray||
|Holyoke Housing Authority||
|Housing Authority of the City of Sterling||
|Housing Authority for the Town of Cheyenne Wells||
|Housing Authority of the City of Colorado Springs||
|Housing Authority of the City of Fort Lupton||
|Burlington Housing Authority||
|La Junta Housing Authority||
|Loveland Housing Authority||
|Housing Authority of the City of Greeley||
|Littleton Housing Authority||
|Costilla County Housing Authority||
|Conejos County Housing Authority||
|Delta Housing Authority||
|Fort Collins Housing Authority||
|Center Housing Authority||
|Housing Authority of the City of Brush||
|Englewood Housing Authority||
|Lakewood Housing Authority||
|Aurora Housing Authority||
|Adams County Housing Authority||
|Louisville Housing Authority||
|Housing Authority of the City of Fountain||
|Housing Authority of the County of Montezuma||
The FY2012 Public Housing Capital Funding by state:
|Mississippi||$20,313,957||District of Columbia||$14,193,015|
|Nebraska||$8,023,289||US Virgin Islands||$5,389,187|
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. You can also follow HUD on twitter @HUDnews, on facebook at www.facebook.com/HUD, or sign up for news alerts on HUD's News Listserv.