Monday, January 11, 2010

Project highlights from Larimer and Weld Counties

In a recent presentation, Div. of Housing staff featured some recent projects in Larimer County. Simply for your information, here is a listing of the featured projects:

In 2007, DOLA awarded Accessible Space, Inc. (ASI) a $500,000 HOME grant and a $15,333.17 Governor’s Energy Office/Energy $aving Partners Incentive Program grant (for energy-efficiency improvements) to assist in the new construction of twenty-three (23) units of senior affordable rental housing in Fort Collins. Twenty-two (22) of the units are for households at 50% AMI or less. One two-bedroom unit will be non-income restricted for a resident manager/caretaker. This project will utilize HUD 811 project funding (rental housing for income-eligible individuals with disabilities (i.e. mobility impairments and/or self-care limitations) that includes rental assistance for all twenty-two (22) affordable units. Accessible Space, Inc. will manage and complete the construction of this project and will also provide all resident services for their households.

In 2007, DOLA awarded Larimer County a CDBG grant of $375,000 on behalf of the Larimer Home Ownership Program (LHOP), which is operated by the Housing Authority of the City of Loveland (HACOL), in continuance of their existing down payment assistance loan program. These Down Payment Assistance loan funds provided 36 (thirty-six) new low-interest loans to assist first-time home buyers with household incomes below 80% of area median income for Larimer County.

In 2007, DOLA awarded The Town of Estes Park a CDBG grant of $44,000 on behalf of the Estes Park Housing Authority (EPHA) for the completion of a Housing Needs Assessment for the Estes Valley (Park R3 School District). The housing needs assessment addresses the economic and demographic framework, housing inventory, housing market conditions, housing problems, special needs, housing gaps and estimated needs that are outlined in the Colorado Division of Housing template. A full written report was provided to the CDOH that covers primary data collection and interpretations as well as specific issues that the local community requested. The final report is available on the Colorado Division of Housing website. The Town of Estes Park has initiated a local strategic planning process to address the identified housing needs.

In 2008, DOLA awarded Larimer County, on behalf of The Housing Authority of the City of Loveland (HACOL), a CDBG grant for $202,700 in continuance of the Larimer County Home Improvement Program (SFOO Rehab). These funds were used only in the non-entitlement areas of Larimer County. These grant funds were used to assist with the repair and rehabilitation of 15 (fifteen) homes by providing low-interest loans to homeowners earning less than 80% AMI. Historically those assisted by the program have fallen under the 50% AMI level.

In 2008, DOLA awarded Larimer County a CDBG grant of $738,600 on behalf of the Larimer Home Ownership Program (LHOP), which is administered by the Housing Authority of the City of Loveland (HACOL), in continuance of their existing down payment assistance loan program. These grant funds were for a two (2) year period and provided 78 (seventy-eight) low-interest loans to assist first-time buyers earning less than 80% AMI in the purchase of homes located in non-entitlement areas of Larimer County. Neighbor to Neighbor (N2N) in Fort Collins provides a HUD and CHFA certified homebuyer education class which is required of all buyers.

In 2009, DOLA awarded The Loveland Housing and Development Corporation a HOME grant of $100,000.00 in support of their ongoing down payment assistance program, the Larimer Home Ownership Program (LHOP), which is administered by the Housing Authority of the City of Loveland (HACOL). These grant funds were used to provide 11 (eleven) new low-interest loans to assist first-time buyers earning less than 80% AMI in the purchase of homes located within the city limits of Loveland in Larimer County. The City of Fort Collins operates its own down payment assistance program. Neighbor to Neighbor (N2N) in Fort Collins provides a HUD and CHFA certified homebuyer education class which is required of all buyers. N2N also provides pre- and post-ownership counseling to buyers, as well as a Mortgage Default Counseling Program.

In 2009, DOLA awarded Larimer County an Energy Impact Assistance Fund grant of $25,100 for the completion of a Housing Needs Assessment for Larimer County. The housing needs assessment addressed the economic and demographic framework, housing inventory, housing market conditions, housing problems, special needs, housing gaps and estimated needs that are outlined in the Colorado Division of Housing template. A full written report was provided that covers primary data collection and interpretation as well as specific issues that the local community requested. The final report is available on the Colorado Division of Housing website. Larimer County is preparing a strategic planning process to address the identified housing needs.

In 2009, DOLA awarded CARE Housing, Inc., a 501(c)(3) non-profit organization, awarded a HOME grant in the amount of $500,000 for the new construction of the Provincetowne Green Communities development located in southeastern Fort Collins, Larimer County. Phase I of Provincetowne is a Low-Income Housing Tax Credit development consisting of 85 townhome-style units of multi-family rental housing containing 15 2-bedrooms @ 30% AMI, 3 3-bedrooms @30% AMI, 24 2-bedrooms @ 40% AMI, 6 3-bedrooms @ 40% AMI, 31 2-bedrooms @ 50% AMI, and 6 3-bedrooms @ 50% AMI. Provincetowne will be built utilizing Green Communities and LEED standards as a collaborative effort of public and private partners.

In 2008, DOLA awarded The Town of Windsor a CDBG grant of $34,850 for the completion of a Housing Needs Assessment for the Town of Windsor, including the areas located within Larimer and Weld Counties. The housing needs assessment addresses the economic and demographic framework, housing inventory, housing market conditions, housing problems, special needs, housing gaps and estimated needs that are outlined in the Colorado Division of Housing template. A full written report was provided to the CDOH that covers primary data collection and interpretations as well as specific issues that the local community requested. An Executive Summary of the final report is available on the Colorado Division of Housing website. The Town of Windsor is initiating a local strategic planning process to address the identified housing needs.

In 2008, DOLA awarded Accessible Space, Inc. (ASI) a HOME grant of $485,000 to assist in the new construction of twenty-two (22) units of affordable, accessible rental housing in Greeley, Weld County. These twenty-two (22) units are for households at 50% AMI or less. This project utilizes HUD 811 project funding (rental housing for income-eligible individuals with disabilities (i.e. mobility impairments and/or self-care limitations) that includes rental assistance for all twenty-two (22) affordable units, thus allowing residents to pay no more than 30% of their adjusted gross income for rent. Accessible Space, Inc. managed the construction of this project and also provides all resident services for the households.