Saturday, July 23, 2011

$550,000 awarded for new construction in Boulder County

The Colorado Department of Local Affairs has announced that $550,000.00 in HOME Investment Partnerships Program (HOME) funds has been awarded to Boulder County for the following project:

The Boulder County Housing Authority (BCHA) has been awarded a grant of $550,000 for the new construction of 74 units of senior rental housing at Josephine Commons located in the City of Lafayette, Boulder County. The project consists of 44 one-bedroom and 30 two-bedroom units and will be financed with 9 percent Low-Income Housing Tax Credits. It will serve senior households earning less than 60% of area median income, with 15% of the units dedicated to households earning less than 30% of AMI. BCHA will coordinate supportive services for the residents, including transportation, nutrition education and counseling, and diabetes support groups through its collaboration with the Boulder County Aging Services Department.