HUD Secretary Visits Colorado, Commits To Spending Billions Of Dollars On Affordable Housing (Denver Housing Authority)

Date Published: 
July 14th, 2021

From CBS 4 Denver:

Housing and Urban Development Secretary Marcia Fudge is in Colorado looking for innovative solutions to the affordable housing crisis. She says she has billions of dollars to fund them.

She says the problem is bigger than people want to admit, saying 11 million Americans have no place to live.

“Where would you be if you didn’t have a place to live?” she asked. 

For many Coloradans, that’s not a hypothetical question. In all of Metro Denver last month, there were only 3,100 homes on the market and the median sale price was nearly $650,000.

“There is no place in country today where a person making minimum wage can even afford a two-bedroom apartment.”

Developments like Denver’s Sun Valley and Boulder’s 1175 Lee Hill, she says, are part of the solution. Denver Housing Authority turned prime real estate into 960 affordable apartments and townhomes in Sun Valley.

“If you really want to see what works, meet me in Sun Valley,” Fudge said after touring an apartment in the neighborhood with Mayor Michael Hancock and Congresswoman Diana DeGette.

Read CBS 4 Denver's article "HUD Secretary Visits Colorado, Commits To Spending Billions Of Dollars On Affordable Housing," feautring the Denver Housing Authority.


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