Wednesday, January 6, 2010

Recent grant awards in northern Colorado

Provincetown Green Communities, Fort Collins



CARE Housing, Inc., a 501(c)(3) non-profit organization, has been awarded a HOME grant in the amount of $500,000 in HOME funds 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 incorporating a “triple bottom line” that balances financial performance with social and environmental goals.

The Greeley Center for Independence



The Greeley Center for Independence, Inc. (GCI) has received a grant of $140,000 in state Housing Development Grant funds to assist with the rehabilitation of The Hope Apartments located at 2730 28th Avenue, Greeley, Colorado. The Hope Apartments were constructed in 1994 with assistance from the Division of Housing in the form of a HOME grant of $400,000. The Hope Apartments provide thirty-one (31) units of rental housing for people with acquired physical disabilities, including those with spinal cord injuries and traumatic brain injuries. There are 28 one-bedroom and 3 two-bedroom apartments that are affordable to households at or below 50% - 60% area median income (AMI). This special needs population generally receives some form of rental assistance that allows the residents to pay no more than 30% of their income on housing and utilities. The planned rehabilitation work includes energy-efficiency improvements, security and accessibility improvements, interior updates, plumbing upgrades, and repair of the roof soffit.

Homestead Apartments, Otis, Colorado

Washington County, on behalf of Otis Development, Inc., has been awarded a grant of $266,085.00 in CDBG funds to assist with the rehabilitation of The Homestead Apartments located at 306 W. 2nd Avenue, Otis, Colorado. The Homestead Apartments were constructed in 1973 with assistance from USDA Rural Development. It consists of nine (9) units of rental housing for seniors and the physically disabled, with 6 one-bedroom and 3 two-bedroom single-story apartments that are affordable to households at or below 60% area median income (AMI). This property receives 5 units of rental assistance from USDA Rural Development that allows the residents to pay no more than 30% of their income on housing and utilities. The planned rehabilitation work includes energy-efficiency improvements, interior updates, electrical and plumbing upgrades, earthwork to correct site drainage problems, and concrete repairs to sidewalks. One unit will be remodeled to be compliant with ADA (Section 504).

Parkville Apartments in Longmont

Thistle Communities has been awarded a grant of $60,000 in state Housing Development Grant funds for the rehabilitation of the Parkville Apartments in Longmont, Boulder County. Parkville is a garden-style community built in 1978 consisting of 6 buildings containing 45 1-bedroom and 30 2-bedroom rental units affordable to households at or below 50% AMI and 1 2-bedroom unit at market rate for a total of 76 units. These funds are for Phase 2 of the rehab plan which will consist of additional HVAC replacement, fencing, parking lot replacement and lighting repairs. These repairs are necessary to preserve these permanently affordable rental units that serve very low-income families.

Aspen Meadows Neighborhood

The Longmont Housing Authority (LHA) has been awarded a grant of $250,000 in state Housing Development Grant funds to assist in repayment of a loan for the acquisition of the land for this project. The two-acre site for the Aspen Meadows Neighborhood (AMN) is located at 50 21st Avenue, in northeast Longmont, Boulder County. AMN is a townhome-style new construction project consisting of 28 units of rental housing, two 2-bedroom units at 30% AMI, eighteen 2-bedroom units at 40% AMI, six 3-bedroom units at 40% AMI, and two 4-bedroom units at 40% AMI. This project received Low Income Housing Tax Credits from CHFA in Round 1 of 2009.

Down payment assistance in Loveland

The Loveland Housing and Development Corporation has been awarded a grant of $100,000 in HOME funds in support of their ongoing down payment assistance program, the Larimer Home Ownership Program, which is administered by the Housing Authority of the City of Loveland. These grant funds will be used to provide a minimum of 11 (eleven) 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. Neighbor to Neighbor in Fort Collins provides a HUD and CHFA certified homebuyer education class which is required of all buyers. Neighbor to Neighbor also provides pre- and post-ownership counseling to buyers, as well as a Mortgage Default Counseling Program.

Single-Family Rehab in Boulder County

Boulder County’s Longs Peak Energy Conservation Single-Family Owner-Occupied Housing Rehabilitation program has been awarded a CDBG grant of $191,050. These grant funds will be used to assist with the repair and rehabilitation of eleven (11) homes by providing low-interest loans to homeowners earning less than 80% AMI. This housing rehab loan program serves residents living outside the City limits of Boulder and Longmont.