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HUD   >   State Information   >   Colorado   >   News   >   CO 13-032
HUD No. 13-032
Charlene Guzman
(303) 672-5247
www.hud.gov/colorado
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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