The Department of Local Affairs Has Granted $8.7 Million To Help Support Affordable Housing Development Throughout Colorado

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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.

Rendered image of Warren Village III

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 fa├žade), 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.