$30M HUD GRANT TO LIFT SUN VAL­LEY HOUS­ING AND JOBS

The Denver Post - - BUSINESS - By Joe Vac­carelli

The Den­ver Hous­ing Au­thor­ity will re­ceive a $30 mil­lion grant from the U.S. De­part­ment of Hous­ing and Ur­ban De­vel­op­ment to im­prove hous­ing and in­crease busi­ness op­por­tu­ni­ties and job pos­si­bil­i­ties in Sun Val­ley, Sen. Cory Gard­ner’s of­fice an­nounced Wed­nes­day.

“Whether it’s the 750 new hous­ing units or the in­crease in ac­cess to qual­ity jobs and ed­u­ca­tion, we will see tan­gi­ble ben­e­fits for in­di­vid­u­als and fam­i­lies in this com­mu­nity as a re­sult of this grant. I was proud to sup­port this project and I look for­ward to see­ing the re­sults,” Gard­ner said.

Den­ver was one of five fi­nal­ists for the grant along with Bos­ton, St. Louis, Cam­den, N.J., and Louisville, Ky.

“Den­ver and its part­ners are ex­cited to have been se­lected to re­ceive this grant. As Sun Val­ley has the high­est rate of poverty in the city, this will be a huge boost to our ef­forts to up­lift the res­i­dents in this neigh­bor­hood,” said Jenna Espinoza, spokes­woman for Mayor Michael Han­cock’s of­fice.

Sun Val­ley is south of Sports Au­thor­ity Field at Mile High be­tween the South Platte River and Fed­eral Boule­vard. About 83 per­cent of area res­i­dents live be­low the poverty line.

HUD and Den­ver Hous­ing Au­thor­ity of­fi­cials de­clined to com­ment prior to a pub­lic an­nounce­ment about the grant, ex­pected Mon­day.

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