Durango Local News Network Reports: The City of Durango plans to contribute $250,000 to the Housing Catalyst Fund to support housing projects in La Plata County, building on previous grants.
The City of Durango has commended the La Plata Economic Development Alliance for the successful implementation of its Housing Catalyst Fund, initially seeded with a generous $250,000 contribution.
Recently featured in The Durango Herald, we’re proud to announce the second round of the Housing Catalyst Fund aimed at jumpstarting critical housing projects. The La Plata Economic Development Alliance is thrilled to share the latest update on our ongoing efforts to tackle housing challenges in La Plata County.
The Housing Catalyst Fund recently concluded its second round of funding, marking a significant step in addressing housing challenges in La Plata County. The Catalyst Fund aims to provide critical early-stage funding for feasibility studies, environmental assessments, and site preparation to facilitate workforce housing development. This round, which saw seven applications and three awarded grants, included support for preservation projects, underscoring the fund’s versatility and impact. With over $933,000 raised, the Alliance remains committed to advancing workforce housing initiatives and fostering community resilience.
As we embark on a journey into the future of economic development, the Alliance is proud to present our strategic plan that reflects our commitment to adaptability, innovation, and community impact. Over the past three years, our organization has undergone significant transformations to address the evolving challenges in economic development.