Friday, February 4, 2011

Weld County receives $340,000

The Department of Local Affairs has announced that $340,000.00 in HOME Investment Partnerships Program (HOME) funds has been awarded to Weld County for the following project:

Accessible Space, Inc. (ASI) has been awarded a HOME grant of $340,000 to assist in the new construction of seventeen (17) units of affordable, accessible rental housing in Greeley, Weld County, with the following unit mix: fourteen (14) one bedroom units and three (3) two bedroom units. Sixteen (16) of the units are for households at 50% AMI or less. One unit will be non-income restricted for the Resident Manager. This project will utilize HUD 811 Capital Advance funding for income-eligible individuals with disabilities (i.e. mobility impairments and/or selfcare limitations) and includes rental assistance for the sixteen (16) affordable units, thus allowing residents to pay no more than 30% of their adjusted gross income for rent. Accessible Space, Inc. will manage and complete the construction of this project and will also provide all resident services for the households.