Media Contact: Chynna Cowart
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The Department of Local Affairs (DOLA), through the Division of Housing's State Housing Board, voted on, approved, and allocated more than 44 million dollars in financing in November and December to give Coloradans additional affordable housing options around the state.
In order to meet the challenges of a constantly shifting population, the State of Colorado aims to provide a continuum of housing alternatives for households with diverse requirements and Area Median Incomes (AMI), as well as for individuals looking for housing accompanied by supportive services.
Affordable Housing in Development
1. Park Hill Assisted Living ($1.345M)
Senior Housing Options, Inc. (SHO), a Denver-based 501(c)(3) nonprofit organization, owns and runs the 34-unit, 36-bed assisted living community known as Park Hill Assisted Living. The Park Hill Assisted Living Community has been a significant provider of housing and services for seniors and persons with disabilities, since it was first rehabilitated in 1996. New funding will be used for newly needed renovations.
The two-story brick building, which was first constructed in 1942 as a convent, has 32 studio apartments (each measuring 200 square feet) and two shared units (each measuring 400 square feet), totaling a total of four beds.
2. Urban Peak: Mothership ($3.78M)
The Mothership is a comprehensive campus model that will help youth move from unsheltered homelessness into a safe space while connecting to permanent housing and services. The physical space, offering 136 beds and program services, is specifically designed to support youth getting off the streets. The campus will replace their current shelter facility with a new four-story building for youth experiencing homelessness.
3. Willoughby Senior ($5.166M)
Willoughby Senior in Lafayette is a 63-unit apartment building with an age restriction for people 55 and over that is being developed by the Boulder County Housing Authority (BCHA). BCHA will develop the 24-acre site into a community of 400 permanently affordable homes built in various phases under an intergovernmental agreement with the City of Lafayette. The initial phase of the master-planned community, Willoughby Senior, will serve as the neighborhood's focal point.
4. Westerner and Sand & Sage Motels ($1.15M)
With the purchase and renovation of the Westerner and Sand & Sage Motels, a non-congregate shelter for individuals and families facing homelessness will now be available. A multi-family affordable housing project with low income housing tax credits is the long-term goal for this location.
5. Renewal Village ($10.58M)
The Colorado Coalition for the Homeless (CCH) has been awarded $10,579,669 to assist with the acquisition of the Clarion Hotel Denver Central at 200 W 48th Avenue in Denver to create supportive housing and non-congregate shelter (NSC) opportunities for individuals experiencing homelessness.
The project is planning a 4 to 6 month rehabilitation, which will result in the availability of 108 supportive housing units and 107 Single Room Occupancy (SRO) units.
6. Residences at Dry Cedar Creek ($1.89M)
Residences at Dry Cedar Creek in Montrose is a mixed-income rental community with 60 units. The proposed unit mix for the development will be six units at 30% AMI, 21 units at 50% AMI, 27 units at 60% AMI, and six units at market rate.
7. Northfield Flats ($3.1M)
Mile High Development and Brinshore Development were awarded $3,100,000 to develop Northfield Flats, a new construction affordable workforce housing project located within the Northfield retail complex in Central Park, formerly Stapleton.
For families earning 30%, 60%, 70%, and 80% of AMI, this 129-unit complex will feature 42 one-bedroom flats, 83 two-bedroom units, and 4 three-bedroom units.
8. Elevation Community Land Trust (ECLT) ($2.01M)
Elevation Community Land Trust (ECLT) was awarded $2M to assist in the purchase and/or rehabilitation of 167 new and existing homes in various locations throughout Colorado over a three-year period. With the requested funds, ECLT would be able to purchase and renovate a variety of home types around Colorado. ECLT wants to help families with incomes as low as 80% AMI. Through ECLT's ground lease, homes will continue to be affordable, and only future eligible recipients will be able to purchase them for resale.
9. Brighton Ridge ($5M)
The Brighton Housing Authority was awarded $5,000,000 in support of the new construction of the Brighton Ridge Project. Brighton Ridge will provide 264 apartments for households at 60% AMI. The unit mix is 96 one-bedroom units,120 two-bedroom units, and 48 three-bedroom units. The development will consist of 11 3-story residential buildings, each with 24 units.
10. Puwagaan Kaan (Healing Home) ($4.2M)
The Pinon Project and BlueLine Development, Inc were granted $4,248,001 for Puwagaan Kaan (Healing Home), which will provide 42 units for supportive housing in Cortez. The project consists of fourteen one-, two-, and three-bedroom apartment homes serving individuals and families exiting homelessness who are at or below 30% of AMI.
11. Trolley Station ($3M)
Trolley Station will consist of 216 one-, two-, and three-bedroom apartments for households at 30%, 40%, and 70% AMI. This project will use income averaging with an overall average affordability rate of 58%.
12. The Ives ($3.25M)
Foothills Regional Housing (FRH) was awarded $3,250,000 for new construction of The Ives, a proposed 50-unit apartment community at 44th and Wadsworth Blvd in Wheat Ridge.
For complete information on Housing Board grant approvals, please visit cdola.colorado.gov/state-housing-board.