Denver Office of Economic Development now accepting applications for Neighborhood Stabilization Program 2 projects

The Denver Office of Economic Development announces the availability of $12,095,000 in foreclosure redevelopment funds to affordable housing developers. OED is now accepting loan applications for the redevelopment of foreclosed multi-family properties in Denver through the Neighborhood Stabilization Program 2 (NSP2).

DENVER - The U.S. Department of Housing and Urban Development recently awarded $644,000 in grants to public housing and non-profit agencies in Denver that will help public housing residents find employment that lead them toward economic independence. This funding will also link the elderly with supportive services that will allow them to age-in-place. HUD awarded nearly $28 million nationally to agencies across the U.S. In Colorado, HUD funded:

Columbine Homes Local Resident Council - $ 202,317
Housing Authority of the City of Pueblo - 240,000

DENVER – While the retail vacancy rate in Denver will continue to rise in 2010 due to inventory expansion and weak retail spending in the suburbs, the local economic outlook is improving, according to the 2010 National Retail Report by Marcus & Millichap, the nation’s largest real estate investment services firm. Job growth will resume, supported by relocations.

Housing authorities across the U.S., Guam, Puerto Rico receiving nearly $50 million

DENVER - U.S. Housing and Urban Development Secretary Shaun Donovan announced recently that public housing agencies across the U.S., Guam and Puerto Rico will receive nearly $49.3 million to provide low-income people with the necessary job training to put them on a path toward self-sufficiency.

TEN public housing authorities in the state of COLORADO will receive $615,254.

Deputy Secretary Sims Takes Sustainable Communities Listening and
Learning Tour to Denver, Colorado

WASHINGTON, D.C. - Today, U.S. Housing and Urban Development Deputy Secretary Ron Sims, who is nationally recognized for his pioneering sustainable development work in King County, Washington, met with 135 citizens at the Denver HUD Region VIII Office to solicit ideas and feedback on how the Federal government can better partner with localities to create more sustainable communities.

DENVER – Denver apartment fundamentals began to firm in late 2009, particularly downtown and in the western suburbs, setting the stage for fairly healthy operating conditions throughout much of the metro this year, according to the 2010 National Apartment Report by Marcus & Millichap, the nation’s largest real estate investment services firm. Payroll expansion should boost renter demand, but deliveries will slow only slightly, putting upward pressure on vacancy.

WASHINGTON - U.S. Department of Housing and Urban Development Secretary Shaun Donovan awarded $500 million in competitive grants that will allow public housing authorities across the U.S. to build or renovate affordable rental apartments and make existing public housing units more energy efficient.

DENVER — Denver’s weakening economy will drag on apartment fundamentals this year, though a diverse employment base should support a shallower downturn than the nation as a whole, according to a t