More Than $17 Million Has Been Granted By The Department of Local Affairs To Support the Development of Affordable Housing Statewide

Hide Featured Image

Media Contact: Chynna Cowart | 303-656-7464

The Department of Local Affairs (DOLA), through the Division of Housing's State Housing Board, voted on, approved, and awarded $17,768,700 in funding in April, providing Coloradans with 370 additional affordable housing units across the state.

The State of Colorado seeks to offer a continuum of housing options for households with various criteria and Area Median Incomes (AMI), as well as for people looking for housing combined with supportive services, in order to meet the challenges of a continually evolving population.

Affordable Housing in Development

1. Oh Pagosa ($400K - Adding 8 housing units)

Oh Pagosa, in Pagosa Springs. The proposed project is a multi-family dwelling located in downtown Pagosa Springs, Colorado. The construction of one, two story building will consist of two-two bedroom units and six-one bedroom units.

The project is in the heart of downtown Pagosa in a residential area. It will be adjacent to another affordable housing 4-plex with surrounding single family homes. 

Just south (2 blocks) is a park with an ice rink, a child daycare, pickleball, and tennis courts, plus additional park advantages. North 2 blocks is the heart of downtown including a library, Natural Grocers, bank, coffee shop and other employers and commercial activities. The residents will have access to public transportation, including a bike/walking trail.

2. Residences at Durango ($5.5M - Adding 120 units)

TWG Development (TWG) has received gap funding to complete their project Residences at Durango, a hotel conversion project for construction of new apartments. The property, the former Best Western Motel, is located at 21382 US Highway 160 in Durango, Colorado. The property currently has 72 hotel rooms which are vacant with the additional land behind the motel as the location of 48 new apartments.

The two-story building renovation will feature new flooring, paint, doors, blinds, and a new roof. The appliances, plumbing features, and lighting package will all be energy efficient. There will be new kitchens installed into the 72-hotel units, with a sink, garbage disposal, oven, dishwasher, microwave, cabinetry, and countertops. The additional property behind the motel will have an additional 48 new construction units. The units will serve households between 30%-60% AMI.