The HOPE VI Program of the US Department of Housing and Urban Development, 1992-2010, was created to transform severely distressed public housing and the lives of residents. HUD also operates Public Housing Capital Programs with annual appropriations of approximately $2.5 bil during that timeframe
CHALLENGE: In 1989, the “blue ribbon” National Commission on Severely Distressed Public Housing determined that there were 100,000 severely distressed public housing units that urgently required attention
OUTCOME: In 1992 Senator Barbara Mikulski (D, MD), the creator of the HOPE VI Program with her colleague Senator Kit Bond (R, MO), secured an Appropriation of $350 million for HOPE VI, and the program was launched and grew. When replaced in 2010 with the Choice Neighborhoods Initiative HUD had awarded 262 HOPE VI grants to 133 Housing Authorities in 34 states, DC and Puerto Rico, totaling $6.2 billion
E.R. Bacon Development is real estate development and consulting firm , whose principal, Elinor Bacon, has more than 40 years' experience in creating great urban places.