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HUD grants $12 million to improve CO’s affordable housing

Wed, Jul 13, 2011

News

Colorado received $12 million from the U.S. Department of Housing and Urban Development to expand and upgrade affordable housing options throughout the state.

The $12 million Colorado received is part of a $1.9 billion federal grant that was distributed to HUD offices around the country.

The funds will allow these agencies to make major large-scale improvements to their public housing units, according to a press release from the agency.

HUD’s capital fund program 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.

Though the funding is welcome, it’s far less than the agencies would have liked to receive.

“While this funding will certainly help housing authorities address long-standing capital improvements, it only scratches the surface in addressing the deep backlog we’re seeing across the country,” said Shaun Donovan secretary of U.S. HUD. “Housing Authorities need nearly $26 billion to keep these homes safe and decent for families, but given our budget realities, we must find other, innovative ways to confront the decline of our public housing stock.”

Rick Garcia, Colorado regional director for HUD told media on Tuesday that the money could go toward significant energy improvements at affordable housing properties throughout the state, including efficiency upgrades like new windows and insulation to green additions like solar arrays.

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