Boulder Housing Partners announced this week that it's launching a $78 million project to renovate 279 public housing units in the city by the end of next year.
The local public housing authority recently gained control of the affordable housing properties from the U.S. Department of Housing and Urban Development. The local agency will use a mix of public and private funds to finance the project, which will upgrade bathrooms, kitchens, and more in the 30- to 40-year-old units.
“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,” Betsey Martens, executive director of BHP, said in a press release.
The local agency says it will now have access to more funding sources that will allow it to better maintain and manage the properties. Improvements are scheduled to begin this fall.
