Friday, February 25, 2011
Partners in Housing Awarded $23,500
Partners in Housing, Inc. received a $23,500 CHDO operating grant to conduct due diligence for the development of and/or acquisition and rehabilitation of multi-family rental units in Colorado Springs. CHDO operating funds will be used for predevelopment activities including: researching and analyzing of financing options, evaluating proformas, reviewing contracts, coordinating legal documents, and evaluating property management options. PIH has 19 years experience with service-enriched transitional and affordable rental developments for families in Colorado Springs and has over a 75% "graduation rate" from their programs.