Wednesday, July 14, 2010

Chaffee County awarded $51,470

The Department of Local Affairs has announced that $51,470.00 in HOME-CHDO funds has been awarded to Chaffee County for the following project:

Chaffee Housing Trust (CHT) has been awarded a $51,470 operating grant to complete their first development, Crestone Heights, and to begin their next project. Operating funds will be used for staff time spent on construction monitoring as well as predevelopment activities including: researching and analyzing of financing options, evaluating proformas, reviewing contracts, coordinating legal documents, etc. CHT was incorporated in 2007 as a community land trust in the Chaffee County area, with a focus on affordable homeownership development.