HUD Secretary Visits Colorado Committing to Spend Billions of {Dollars} on Reasonably priced Housing – CBS Denver

BOULDER, color (CBS4) – Marcia Fudge, Minister for Housing and Urban Development, searches Colorado for innovative solutions to the affordable housing crisis. She says she has billions of dollars to fund it.

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

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“Where would you be if you didn’t have an apartment?” She asked.

(Credit: CBS)

For many Coloradans, this is not a hypothetical question. Across Metro Denver, only 3,100 homes were in the market last month, and the median retail price was nearly $ 650,000.

“Today there is no place in the country where a minimum wage earner can even afford a two-room apartment.”

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

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

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She also toured Lee Hill in Boulder in 1175 with Congressman Joe Neguse. An apartment complex for the chronically homeless run by Boulder Housing Partners.

“If we had more of it, maybe 580,000 people in America would not be sleeping on the streets on any given night.”

(Credit: CBS)

The secretary says money is no longer an obstacle to building such places. President Biden is demanding $ 300 billion for two million new affordable housing units and $ 55 billion for low-income residential property tax credits.

“This is our time. If we don’t do it now, we are missing out on the opportunity. ”She says government alone cannot solve the problem. “We have far too many places that do not want low-income or moderate people to live in community.”

She calls for compassion and promises action: “We will not change the world overnight, but we will change it. I promise you.”

These changes may include different zone codes to make house building easier and more manufactured houses that can sell for as little as $ 100,000. She hopes to come up with a plan in the next 6 months. In the meantime, the congress is also working on solutions.

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Congressman Neguse has tabled two bills aimed at reducing some of the red tape that is making it difficult to convert real estate into affordable housing: “We are at a turning point and it is crucial that we find creative solutions that address this moment satisfy.”

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