Media Contact: Natriece Bryant, Deputy Executive Director | 303-241-8364
The Colorado Department of Local Affairs’ (DOLA) Division of Housing (DOH) awarded $7M in February for new construction and renovation projects supporting low income seniors and working Coloradans in rural and front range cities. DOLA also announces it will form a Strategic Housing Working Group to advise on Colorado’s affordable housing needs.
The Strategic Housing Working Group is an outreach effort in collaboration with Housing Colorado and the Colorado Housing and Finance Authority (CHFA) based on the recently published Stakeholder Engagement Final Report. The report, released in early February,
reached over 860 Coloradans from 54 counties to inform on strategies and plan for newly appropriated funds, while maintaining a focus on regional and local needs across the state.
DOH awarded Housing Solutions of the Southwest $1.4M for the construction of the Espero Apartments in Durango, Colorado. The supportive housing development will have 40 one-bedroom apartments to serve people experiencing homelessness, who are at risk of homelessness, or have disabilities or behavior health disorders. Espero is located near the Manna Soup Kitchen and the Durango Transit Center, and will provide supportive services for residents.
The Division granted Aspen/Pitkin Employee Housing, Inc. $650K for the construction of the 30-unit Red Hill Lofts in Carbondale, Colorado, which will consist of studios, and one- and two-bedroom apartments for households earning 30 to 50 percent of the Area Median Income
(AMI). Garfield County Housing Authority will support twelve units with housing vouchers to attain deep affordability.
DOH approved a $720K loan to Zimmerman Properties, LLC to assist with the new construction of Villas at Mesa Ridge, a 60-unit senior living project in Fountain, Colorado. The three-story development will consist of one- and two-bedroom apartments for people earning 30 to 80 percent of the AMI. The building will include a fitness room, computers, and a stocked game area.
DOH awarded the Longmont Housing Authority a $600K loan to assist with the renovation of the 50-unit Aspen Meadows Apartments in Longmont, Colorado, a senior living project for families with a head of household who is 62 or older. The renovations will include roofs, windows, siding, flooring, elevators, fixtures and more. Rents vary based on income for seniors between 30 to 50 percent of the AMI.
DOH granted Greccio Housing $1M to assist with the construction of Atrium at Austin Bluffs in North Colorado Springs, a 54-unit senior housing project that will serve people between 30 to 60 percent of AMI. The Atruim received an allocation of 4-percent Low Income Housing Tax
Credit (LIHTC). The project accentuates social connectivity with large common areas and library.
Finally, DOH approved a $2.6M loan to Delwest Development Corp for the construction of Greyhound Park Apartments, a 223-unit 4-percent LIHTC development in Commerce City, Colorado. The building will include a two-story community service space and the property will have two playgrounds.
“The DOLA awards augment local communities’ efforts to support the creation of equitable, affordable housing for all Coloradans,” said Rick M. Garcia, DOLA Executive Director.
For complete information on the Division of Housing grant approvals, visit cdola.colorado.gov/state-housing-board.