How Community Development helps vulnerable individuals and families in our community

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April 11-15 is Community Development Week! Learn more about the many ways that we partner with non-profit and for profit organizations; and philanthropic foundations to help vulnerable individuals and families in our community overcome challenges by finding affordable places to live, improving their neighborhoods, and preventing homelessness. Here is a look at how Community Development is positively impacting the community.

 

2022 community development week infographic text

The City of Colorado Springs received $5.1 million in Housing and Urban Development funding for our 2021 program year. The Community Development Division also typically received between $300,000 and $500,000 which is then prioritized for affordable housing projects.

By the numbers

  • $1.5 million HOME funds (31%)
  • $262,000 ESG (6%)
  • $3.2 million CDBG (63%)

Funding priorities

  • Create affordable housing
  • Homeless support services
  • Nonprofit assistance
  • Neighborhood infrastructure
  • Small business support
  • $15.5 million Pandemic Response funding from HUD
  • $9.8 million CARES Act
    • emergency shelter operations
    • landlord incentives
    • homeless prevention
    • downtown street outreach
    • rapid rehousing
    • PPE, hazard page, materials, transportation
  • $%.7 million HOME ARP
    • 50% for affordable rental housing
    • 20% for non-congregate shelter
    • 15% for capacity building, TBRA and services
    • 15% for administration
    • Production of up to 470 affordable units

 

Affordable housing infographic text

Shooks Run apartments (New multifamily development)

  • 40 units
  • $400,000 for HOME funds plus 9% LITCH

Atrium at Austin Bluffs (affordable senior housing)

  • 54 units
  • $380,000 of HOME, private activity bonds, 4% LIHTC, and state tax credits

Emergency shelter for COVID-19 patients isolation shelters (ESG-CV)

  • Sheltered 383 clients to date, preventing spread of COVID-19 and other infectious disease

small business Support Exponential Impact (CDBG-CV)

  • Retained and created 38 jobs in 23 microenterprises in LMI neighborhoods. 90 percent were minority, women, or veteran owned businesses

 Innovative programs Sunshine Home Share (CDBG CDBG-CV)

  • Home share program pairing LMI renters with seniors

 

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