The City of Tucson will redevelop Tucson House and the entire Thrive in the 05 neighborhood
Today, U.S. Department of Housing and Urban Development (HUD) Principal Deputy Assistant Secretary for Public and Indian Housing Richard Monocchio announced the awarding of Choice Neighborhoods Implementation (CNI) grant for $50 million to the City of Tucson to redevelop Tucson House. HUD Principal Deputy Assistant Secretary Richard Monocchio joins an August of “HUD On the Road.” Throughout the month, HUD leadership will travel across the country to invest in and empower local communities to increase the supply of affordable housing through building preservation and innovation.
“I am pleased to see Tucson is receiving this Choice Neighborhoods award,” said HUD Secretary Marcia L. Fudge. “The City of Tucson has demonstrated its commitment to neighborhood revitalization, having collaborated with community members to create a transformation plan for the Tucson House and the Thrive in the 05 neighborhood. This public investment will give the local leaders the resources they need to achieve their vision for The 05.”
HUD Principal Deputy Assistant Secretary for Public and Indian Housing Richard Monocchio added: “The City of Tucson and its many committed community partners have worked for more than a decade to redevelop the City’s 5th ward. Having undergone a comprehensive local planning effort to redevelop Tucson House and the Thrive in the 05 neighborhood, this $50 million Choice Neighborhood Implementation Grant is a once-in-a-generation investment in the city and the State of Arizona. We’re honored to be part of this special celebration and to provide resources that support the “Thrive in the 5” initiative.”
Last week, Secretary Fudge announced the awarding of (CNI) Grants totaling $370 million to seven other communities throughout the country. The Choice Neighborhoods Implementation Grants will help revitalize and transform the distressed public and/or assisted housing and neighborhoods across the country, while also providing residents with services focused on income, health, and education.
The CNI Grants fund the creation of new mixed-income housing communities, improve economic development opportunities, and support wide-scale community revitalization efforts that focus on the three areas of “Housing, People, and Neighborhood.” The new grantees will join a committed group of 44 other Choice Neighborhoods sites nationwide that have collectively invested more than $6.3 billion into historically disinvested communities. The eight new awards have leveraged an additional $3 billion in public and private commitments to make their larger Transformation Plan a reality.
“HUD on the Road” aims to make HUD more accessible, supporting those in need while enhancing wealth-building and homeownership opportunities for all Americans. As HUD leaders travel nationwide, engaging with local communities, they strive to create a brighter and more inclusive future, fostering a stronger nation that provides housing and economic opportunities to every individual.