HUD No. 13-032 Charlene Guzman (303) 672-5247 |
For Release Thursday August 8, 2013 |
HUD AWARDS COLORADO HOUSING AUTHORITIES $9,948,853 TO IMPROVE, PRESERVE NATION'S PUBLIC HOUSING STOCK
Housing authorities across the U.S., territories use funding to maintain housing for families, seniors
WASHINGTON - U.S. Department of Housing and Urban Development Secretary Shaun Donovan today awarded public housing authorities in Colorado $9,948,853 that will be used to make major large-scale improvements to their public housing units.
The following housing authorities in Colorado will receive this funding.
Colorado |
Adams County Housing Authority |
$76,110 |
Aurora Housing Authority |
$119,780 |
|
Boulder Housing Partners |
$405,504 |
|
Burlington Housing Authority |
$37,513 |
|
Center Housing Authority |
$35,854 |
|
Conejos County Housing Authority |
$53,077 |
|
Costilla County Housing Authority |
$70,693 |
|
Delta Housing Authority |
$102,673 |
|
Englewood Housing Authority |
$119,762 |
|
Fort Collins Housing Authority |
$182,170 |
|
Fort Morgan Housing Authority |
$95,405 |
|
Holyoke Housing Authority |
$33,797 |
|
Housing Authority for the Town of Cheyenne Wells |
$32,349 |
|
Housing Authority of Antonito |
$36,108 |
|
Housing Authority of the City and County of Denver |
$4,650,878 |
|
Housing Authority of the City of Alamosa |
$253,737 |
|
Housing Authority of the City of Brighton |
$48,091 |
|
Housing Authority of the City of Brush |
$33,930 |
|
Housing Authority of the City of Colorado Springs |
$768,421 |
|
Housing Authority of the City of Fort Lupton |
$87,003 |
|
Housing Authority of the City of Fountain |
$39,305 |
|
Housing Authority of the City of Greeley |
$107,889 |
|
Housing Authority of the City of Lamar |
$33,544 |
|
Housing Authority of the City of Pueblo |
$1,023,468 |
|
Housing Authority of the City of Salida |
$54,451 |
|
Housing Authority of the City of Sterling |
$124,613 |
|
Housing Authority of the City of Walsenburg |
$168,558 |
|
Housing Authority of the City of Wray |
$46,975 |
|
Housing Authority of the County of Montezuma |
$38,029 |
|
Housing Authority of the Town of Aguilar |
$21,853 |
|
Housing Authority of the Town of Haxtun |
$24,013 |
|
Housing Authority of the Town of Holly |
$18,694 |
|
Housing Authority of the Town of Keenesburg |
$20,011 |
|
Housing Authority of the Town of Kersey |
$19,993 |
|
Housing Authority of the Town of Limon |
$45,323 |
|
Housing Authority of the Town of Yuma |
$54,168 |
|
Julesburg Housing Authority |
$65,016 |
|
La Junta Housing Authority |
$108,305 |
|
Lakewood Housing Authority |
$207,246 |
|
Littleton Housing Authority |
$166,624 |
|
Louisville Housing Authority |
$16,324 |
|
Trinidad Housing Authority |
$253,426 |
|
Wellington Housing Authority |
$48,170 |
|
Colorado Total |
$9,948,853 |
The grants announced today are provided through HUD's Capital Fund Program, which provides funding annually to all public housing authorities to build, repair, renovate and/or modernize the public housing in their communities. The authorities use the funding to do large-scale improvements to the housing such as new roofs or to make energy-efficient upgrades to replace old plumbing and electrical systems.
"This funding is critical for housing authorities to maintain and improve public housing conditions for their residents," said Donovan. "However, with a significant repair backlog, I am encouraged by new, innovative long-term solutions HUD is exploring that can be combined with this funding to not only protect and preserve this housing for the next generation, but to also build the quality infrastructure necessary for families to thrive."
"Housing authorities in Colorado count on this funding to maintain and improve their public housing for many families, especially the most vulnerable - our seniors," said Rocky Mountain Regional Administrator Rick M. Garcia. "HUD is currently taking bold steps to preserve this affordable housing."
Capital Fund grants are awarded each year to the nation's approximately 3,100 public housing agencies through a formula that considers number, type and age of units in a community. Eligible uses for this funding include development, financing and modernization of the public housing units as well as management improvements at the public housing authority.
Over the past 75 years, the federal government has been working and investing billions of dollars in developing and maintaining public and multifamily housing - including providing critical support through the Capital Fund grants announced today. Still, the nation continues to lose approximately 10,000 public housing units annually, primarily due to disrepair. In 2011, HUD released Capital Needs in the Public Housing Program, a study that estimated the 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 large-scale repairs. Unlike routine maintenance, capital needs are extensive improvements required to make the housing decent and economically sustainable, such as replacing roofs or updating plumbing and electrical systems to increase energy efficiency.
To help protect the considerable federal investment and respond to the growing demand for affordable rental housing, the Obama Administration proposed the Rental Assistance Demonstration (RAD), a comprehensive strategy that complements the Capital Fund Program and offers a long-term solution to preserve and enhance the country's affordable housing stock, including leveraging public and private funding to make critically needed improvements.
Since Congress approved the demonstration, early results show it is already generating additional capital for public and assisted housing. After opening RAD application periods last summer, HUD has approved or given initial approval to nearly 20,000 public and assisted housing units in 180 different projects across the country. Through these awards, housing authorities have proposed to generate close to $816 million in private debt and equity investments to reduce the capital backlog in public housing properties, which will preserve or replace distressed units and support local jobs in their communities - all without additional federal resources.
HUD also recently issued new RAD guidance that expands the program's flexibility that will benefit current and future applicants and participants.
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