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.
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.
