Media Contact: Chynna Cowart
chynna.cowart@state.co.us | 303-656-7464
The Department of Local Affairs (DOLA), through the Division of Housing's State Housing Board, voted on, approved, and awarded more than eight million dollars in funding in March, providing Coloradans with 226 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. Warren Village III ($3.6M - Adding 89 housing units)
Warren Village Inc. has been awarded $3,605,000 for Warren Village III (WVIII) to provide 89 units of supportive services and housing for single parent families experiencing or at risk of experiencing homelessness.
A 100-child Early Learning Center and more than 8,000 SF of community and service facilities will be located on the campus. Each of the 89 apartments will include a crib alcove outside the main bedroom and will vary in size from 1 to 3 bedrooms.
With 79 supportive housing units with project-based vouchers, of which 50 will be provided by DHA and 29 by HOST, the underlying area median income will range from 30% to 60% AMI.
2. Artspace Colorado Springs ($1.75M - Adding 51 housing units)
$1,750,000 has been allocated to Artspace Projects, Inc. for their Artspace Colorado Springs project. In addition to new development, the project will also include an existing structure that will house commercial studios for rent.
The exterior of the building will have a NuBrick envelope (an EFES panel system that resembles a brick façade), and the entire parcel will be landscaped with plants that are appropriate for the site. The top four stories have double-loaded hallways for circulation, two staircases that serve every floor, and an elevator. Four of the flats on the ground floor will have front doors that open directly onto the street. The structure will be entirely electric and developed in accordance with national green construction standards.
3. Brighton RAD ($3.5M - Adding 13 housing units)
Brighton Housing Authority (BHA) was awarded funds to assist with redevelopment of five duplexes across two sites in Brighton, CO, which have been converted from public housing through the U.S. Department of Housing and Urban Development (HUD) RAD Conversion Program. Three of the buildings will be converted into triplexes, resulting in a total of 13 units.
The units will provide three, four, and five-bedroom unit sizes, which are much needed and often underrepresented in today’s available affordable housing inventory. Seven units will be restricted at 30% AMI, including six units supported by project-based vouchers from Brighton Housing Authority. The remaining six units will be at 60% AMI. The project's overall average affordability will be 43.8%.
4. Rancho Creede Apartments ($320K - Adding 4 housing units)
Mineral County, on behalf of San Luis Valley Housing Coalition (SLVHC), was awarded $320,000 in Community Development Block Grant (CDBG) funds for the acquisition of Rancho Creede Apartments in downtown Creede.
Rancho Creede Apartments is comprised of four one-bedroom/one-bath units and was built in 2012. The incomes of 3 of 4 of the current residents’ fall below Mineral County’s 60% AMI level. SLVHC will restrict all units at 80% AMI but keep rents low for more flexibility.
The property lies at the southern end of Creede’s historic downtown, less than half a mile from a grocery store, banks, restaurants, and parks. SLVHC’s long-term plan for the building and parcel would be to add up to 8 additional units.
5. All Saints Apartments ($2.452M - Adding 63 housing units)
Archdiocesan Housing, Inc., a nonprofit housing developer, was awarded $2,452,000 to develop All Saints Apartments, a 63-unit project for seniors aged sixty-two and above in Denver county.
The unit mix includes 4 studios and 59 one-bedroom apartments with the following income levels: 12 30% AMI, 5 40% AMI, 12 50% AMI, and 34 60% AMI.
6. Ouray 6-Plex ($350K - Adding 6 housing units)
The Home Trust of Ouray County (The Home Trust) was awarded $350,000 in grant funds to assist with the acquisition of an existing 6-plex in the City of Ouray. The property has existed as naturally occurring affordable housing in Ouray for decades, but is now for-sale on the open market.
The Home Trust of Ouray will acquire the property and restrict the units up to 80% AMI as a way to maintain existing affordable housing stock in the community. Located at 734 4th Street in Ouray, the complex has six units comprised of four two-bedroom units and two one-bedroom units. The Home Trust proposes all units be restricted to up to 80% AMI.
View complete information on Housing Board grant approvals.