The Pueblo Urban Renewal Authority (PURA) announced today that it is breaking ground on a third in a series of workforce housing projects in Pueblo’s Historic Eastside neighborhood. PURA in partnership with the City of Pueblo are hosting a groundbreaking ceremony on Wednesday, September 25 at 2 p.m., located onsite at 612 and 618 E. 2nd St.
This project is located within the Eastside Urban Renewal Project Area. Created in 2009, this urban renewal project area is facilitating new investment through the construction of new housing. Tax Increment Financing (TIF) has been utilized to acquire two vacant lots owned by the City of Pueblo that were earmarked for affordable housing. The two parcels were rezoned to allow for the design to meet the modern needs and standards of building affordably while maintaining the character of the neighborhood.
PURA contracted with Westover Homes to construct two stacked duplexes that will yield four 900 square foot units. The lower level consists of two, one bedroom, and one bath apartments, while the upper level consists of two, two bedrooms, two bath units.
These units will be used for working families earning 60 to 120 percent of the Area Median Income (AMI). “PURA is committed to investments in new affordable housing for working families” said Jerry Pacheco, PURA’s Executive Director.