|HUD Region VI No. 13-79
Patricia Campbell/Scott Hudman
(817) 978-5974/(713) 718-3107
August 8, 2013
HUD AWARDS NEW MEXICO HOUSING AUTHORITIES OVER $5 MILLION TO IMPROVE AND PRESERVE PUBLIC HOUSING STOCK
New Mexico Housing Authorities use funding to maintain housing for families, seniors
ALBUQUERQUE - U.S. Department of Housing and Urban Development Secretary Shaun Donovan today awarded public housing authorities in New Mexico $5,382,243 that will be used to make major large-scale improvements to their public housing assets. See the end of this release for a list of housing authorities and grant amounts.
The grants announced today are part of 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 New Mexico count on this funding to maintain and improve their public housing for many families, especially the most vulnerable - our seniors," said Mark Brezina, Acting Regional Administrator. "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. 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.
Capital Fund Grants for New Mexico
|Bernalillo County Housing Department||$24,713|
|City of Albuquerque Housing Authority||$1,034,062|
|Clovis Housing and Redevelopment Agency, Inc.||$177,762|
|Eastern Regional Housing Authority||$126,875|
|Housing Authority of the City of Alamogordo||$269,314|
|Housing Authority of the City of Artesia||$163,580|
|Housing Authority of the City of Eunice||$22,502|
|Housing Authority of the City of Gallup||$328,600|
|Housing Authority of the City of Grants||$28,300|
|Housing Authority of the City of Las Vegas||$410,791|
|Housing Authority of the City of Lordsburg||$120,374|
|Housing Authority of the City of Lovington||$57,992|
|Housing Authority of the City of Raton||$206,736|
|Housing Authority of the City of Sunland Park||$51,039|
|Housing Authority of the City of Truth or Consequences||$105,090|
|Housing Authority of the City of Tucumcari||$109,326|
|Housing Authority of the County of Rio Arriba||$67,600|
|Housing Authority of the County of Santa Fe||$245,002|
|Housing Authority of the County of Taos||$213,805|
|Housing Authority of the Town of Bayard||$89,707|
|Housing Authority of the Town of Clayton||$59,983|
|Housing Authority of the Town of Springer||$66,156|
|Housing Authority of the Village of Chama||$45,248|
|Housing Authority of the Village of Cimarron||$18,141|
|Housing Authority of the Village of Cuba||$29,406|
|Housing Authority of the Village of Fort Sumner||$50,497|
|Housing Authority of the Village of Maxwell||$27,255|
|Housing Authority of the Village of Pecos||$38,240|
|Housing Authority of the Village of Wagon Mound||$21,902|
|Mesilla Valley Public Housing Authority||$261,728|
|Santa Clara Housing Authority||$36,112|
|Santa Fe Civic Housing Authority||$715,849|
|Town of Bernalillo Dept of Housing Services||$82,214|
|Western Regional Housing Authority||$76,342|
|New Mexico Total||$5,382,243|
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 at @HUDnews or on Facebook at www.facebook.com/HUD, or sign up for news alerts on HUD's News Listserv.