Thursday, June 3, 2010

New grant awarded for Conejos County

The Dept. of Local Affairs has announced that $265,000 in CDBG funds has been awarded for increasing the availability of affordable housing in Conejos County.

Conejos County received a $265,000 CDBG grant for the rehabilitation of the Plaza del Sol Manor Apartments in La Jara, Colorado. This project was originally constructed in 1986 and contains a total of 26 one-bedroom units. This project is adjacent to the hospital, the central business district and the proposed new nursing home. The rehabilitation plan for this property is based on a 3rd party capital needs assessment and includes new roofs, accessible bathroom remodels, eave replacement and window replacements. This property serves many households at less than 30% of the Area Median Income through the HUD rental assistance for 100% of the units in this project. The term of affordability for this project will be extended based on the receipt of these CDBG funds.