Revitalization Turns Blight into Thriving Neighborhood: HUD (National Mortgage News)

National Mortgage News
(1/24/2014 5:19 PM, Amilda Dymi)

The historic Mountain View Village community, one of Alaska’s oldest neighborhoods, now offers its low income residents affordable housing and jobs.

The redevelopment of Mountain View Village is improving the lives of its residents and "stimulating the surrounding local economy," according to the Department of Housing and Urban Development.

HUD granted the 2014 HUD Secretary’s Opportunity and Empowerment Award to the Cook Inlet Housing Authority in recognition of a redevelopment initiative that helped bring about a "dramatic turnaround" of this community.

The award, which was jointly presented by HUD and the American Planning Association, provides "measurable benefits" including increased economic development, employment, education, or housing choice and mobility for low- and moderate-income residents.

“The remarkable turnaround of Mountain View Village is an outstanding example of how innovative thinking and the power of partnerships can transform communities,” said HUD Secretary Shaun Donovan.