Fountain Valley News - Your Hometown Community Newspaper

HUD dollars at work in Fountain

 

Last updated 5/11/2021 at 3:36pm

Karin Hill

Construction crews work on the Villas at Mesa Ridge, a 60-unit senior apartment building just east of Safeway, on May 7.

Sometimes big federal budget decisions seem ambiguous, and it's hard to see the effects in real life. One recent allocation of $10 million for affordable housing in Colorado will have a direct impact on senior housing right here in Fountain.

The U.S. Department of Housing and Urban Development (HUD) recently announced the allocation of $10,030,779 to Colorado through the nation's Housing Trust Fund (HTF) for affordable housing. The state must use at least 80 percent of each annual grant for rental housing. HTF funds may be used for the production or preservation of affordable housing throug...



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