Colorado was awarded $12.1 million dollars by the US Department of Housing and Urban Development for improvements to public housing units.

"HUD's Capital Fund Program provides annual funding to all public housing authorities to build, repair, renovate and/or modernize the public housing in their communities," said the news release on the HUD website.

HUD awarded a total of 1.9 billion dollars to public housing authorities in all 50 states but HUD Secretary, Shaun Donovan said that this only scratches the surface. "Housing Authorities need nearly $26 billion to keep these homes safe and decent for families."

Read the full news release at HUD.gov.

photo credit: dominiccampbell

Posted in Real Estate Market Conditions, Headlines

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