Colorado Department of Local Affairs Awards $3.69M for Affordable Housing in April

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Media Contact: Brett McPherson | 303-656-7464

The Colorado Department of Local Affairs (DOLA) Division of  Housing (DOH) awarded $3.69M through the Colorado State Housing Board (SHB) for affordable  housing in April. 

“We are excited to be announcing a list of diverse housing projects across the state that address permanent supportive housing needs for homeless Coloradans, rural workforce housing, and  transitioning a historic commercial building into affordable units,” said DOLA Executive Director  Rick M. Garcia. 

DOLA awarded REDI Corporation $1.35M for the construction of Rhonda’s Place in the Barnum neighborhood of Denver, a 49-unit permanent supportive housing project partnered with the Mental Health Center of Denver. Services will provide independent living skills, employment  assistance, benefits acquisition, access to mental health and substance abuse treatment, as well  as medical and generalized care. The one-bedroom units of Rhoda’s Place will be available to  people with a maximum income of 30 percent of the Area Median Income (AMI). 

DOLA awarded Karis, Inc. $98K and $125.7K respectively to rehabilitate Benni’s House and  Matthew’s House, two properties that make up a transitional living project for homeless youth in  Mesa County, Colorado. Benni’s is a five-bedroom, two-bath house and Matthew’s is a four bedroom, two-bath house, each open to unaccompanied youth ages 16 to 22. Both include  provisions of food, clothing, hygiene products and school supplies. Residents meet with case managers and set goals, and gain access to optional services such as peer outreach, education  and career development, and low-barrier mental health assistance. 

DOLA awarded Fraser Mill Development, LLC, a loan of $615K to assist in the construction of The  Mill Apartments, a 60-unit multifamily rental housing development in Fraser, Colorado. The Mill  will consist of one-, two-, and three-bedroom units across two buildings available to individuals  and families with incomes between 30 and 80 percent of the AMI. It will be the first new  affordable housing development in Fraser since 1995. 

DOLA awarded Full Plate Management $560K for rehabilitation of the Holmes Hardware Block in  Pueblo, Colorado, a historic section of downtown with history dating back to the early 20th  century. The ground floor will use historic tax credits for a food hall and restaurant incubator while the two upper floors will become 28 units of studios, one-, and two-bedroom units for  individuals and families with incomes ranging from 30 - 60% of the AMI. 

DOLA awarded NeighborWorks of Southern Colorado $60K to construct four single-family homes  in the Hyde Park Gardens subdivision of Pueblo, Colorado. These 3-bedroom, 2-bath homes will be available to families with incomes below 80 percent of the AMI. 

DOLA awarded Mile High Development $885K to assist with construction of The Point Crossing, a  4-story, 63-unit family housing project located adjacent to the Regional Transportation District's (RTD) Nine Mile Station at Parker Road and I-225 in Aurora, CO. The property will contain a  fitness center, community lounge and 48 parking spaces including AV charging stations. The  Point is for families with incomes ranging from 30 to 80 percent, with a target average of 57  percent of the AMI.

In addition to these recent awards, DOH continues to increase customer service capacity for  addressing thousands of applications submitted to the Emergency Rental Assistance Program.  

"Due to the cooperation of our legislature, local developers and our federal partners, we are  dedicated to addressing the diverse and increasing affordable housing needs throughout  Colorado,” added Garcia.

State Housing Board Grant Approvals

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