Media Contact: Chynna Cowart | chynna.cowart@state.co.us
The Department of Local Affairs (DOLA), through the Division of Housing's State Housing Board, recently voted on, approved, and allocated $7,215,000 for 171 new affordable housing units around the state.
To address the needs of an ever-changing population, the State of Colorado aims to provide a continuum of housing options for households with varying needs and Area Median Incomes (AMI), as well as for persons seeking housing in conjunction with social services.
Affordable Housing Development Awards
1. Ridgway Duplex ($100K - Adding 2 units)
Home Trust of Ouray County was granted $100,000 to assist with new construction of two affordable housing units in Ridgway.
The Home Trust is partnering with On-Sight Construction and Habitat for Humanity of the San Juans to build a duplex that will provide two homeownership opportunities for local families.
2. Brigit’s Village ($1.6M - Adding 40 units)
Brigit's Village, a non-profit affiliate of St. Brigit's Episcopal Church, in partnership with the developer Jon Peterson, was awarded $1,600,000 to assist with new construction of Brigit's Village in Frederick.
This will be the first affordable housing community in Frederick, providing 40 rental units, and the first family LIHTC project in the PMA, thereby affording low-income seniors the ability to age in place and families, a large number of whom are single parent households, the opportunity to live close to jobs and schools within the risk of being priced out.
3. Adventure Inn ($2.375M - Adding 25 units)
The Community Investment Alliance was awarded $2,375,000 for the purchase of the Adventure Inn (the Inn) in La Plata County, Colorado.
The project will provide a long-term, stable location for a regional Bridge Housing Program to prevent homelessness. The motel features 25 rooms, each with a bathroom, refrigerator, and microwave.
4. La Luna ($1.24M - Adding 31 units)
La Luna Community Cooperative was awarded $1,240,000 for the acquisition of the mobile home park in which they reside in Lafayette, Boulder County. This is an existing 34-home community currently known as Mountain View Mobile Home Park.
The residents seek to acquire the park as a business operated by the community with the goal of lot rent stabilization. A primary purpose of this acquisition is the preservation of affordable housing.
5. Hawthorn Court: Diagonal Plaza ($1.9M - Adding 73 units)
Boulder Housing Partners (BHP), the Housing Authority of the City of Boulder, was awarded $1,900,000 for the new construction of Diagonal Plaza.
The development of this 73 unit apartment complex is located in an underutilized and blighted parking lot in north-central Boulder. This infill site has long been a goal for redevelopment for BHP, and the City of Boulder will help with the transformation of the adjacent corridors into mixed-use, walkable neighborhoods.
For complete information on Housing Board grant approvals, please visit the State Housing Board website.
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