Friday, April 17, 2009

Boulder Housing Partners (BHP) receives grant of $225,000

DOLA's Division of Housing has announced that $225,000 in HOME funds has been awarded for increasing the availability of affordable housing in the City of Boulder.

Boulder Housing Partners (BHP) received a grant of $225,000 to help repay a bridge loan for the construction of a new 26-unit apartment building on North Broadway. The site is the former location of BHP’s offices, and is next door to the North Boulder Recreation Center. Immediately behind this site is the Broadway East Community, a former public housing site that BHP recently refinanced and renovated (without state funding). The new building’s unit mix is designed to complement Broadway East’s, and its residents will have access to the new community building and playgrounds at Broadway East. Broadway West will be a three-story structure with underground parking and an elevator, so all units will be both visitable and handicapped adaptable. All units will be affordable at 50% AMI.