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