The agency is assembling approximately $32 million in private equity and debt financing to renovate its 279 public housing units by the end of 2016, assuring that this essential housing is vibrant and viable for the long-term use of Boulder households. “This is a capstone project in our strategic plan to preserve housing opportunities for our most economically vulnerable citizens while creating a stronger sense of community and a greater opportunity for our customers to gain more self-sufficiency,” said Betsey Martens, executive director of BHP.
BHP is one of a select group of public housing authorities approved by the U.S. Department of Housing and Urban Development (HUD) to recapitalize its public housing properties. By gaining local control of the properties, BHP can ensure quality affordable housing for Boulder’s most at-risk citizens in perpetuity.
“Project Renovate” will start in earnest this fall, when 279 apartments, townhomes and single family homes in six properties throughout Boulder will be improved. The properties were built in the 1970s and 1980s. Renovations will include new Energy Star appliances, bathroom and kitchen overhauls, open floorplans, additional storage and new lighting. Exterior work will include new siding, roofs, windows, doors and landscaping. Several sites will receive new playgrounds and community centers to provide space for education and training programs for adults and children. Improvements will meet the Enterprise Green Communities standards and City of Boulder Smart Regulations.
The six properties are listed below. Click the links to visit the Project Renovate page for each property:
Visit the Project Renovate page here for more information including the Project Overview, Construction Plans, Site Renderings, Resident Resources, and more!
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