The RHA has received a grant of nearly $1 million from the Durango Industrial Development Foundation to create a low-interest evolving loan fund to support local workforce housing initiatives. The Alliance will administer the fund, and is starting the application process for the Housing Catalyst Revolving Loan Program in late spring of this year.
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.
