Monday, August 19, 2013

Housing News Digest, August 19

Colorado Springs' public housing grant takes another cut Funding for the maintenance of more than 700 housing units overseen by the Colorado Springs Housing Authority took another dip Thursday. The local agency received $768,421 from the U.S. Department of Housing and Urban Development, according to an announcement by the federal agency. The was another decrease in funding for the local agency, which has seen capitol improvement grant money drop by nearly one-third since 2008, when it received $1,137,857, said Chad Wright, executive director of the housing authority.

  Colorado Springs Housing Recovery In Full Swing Metro Brokers Real Estate Broker Associate Lori Jones is citing information provided by the Colorado Association of Realtors. “The state association had the following to report about housing activity during the second quarter of this year; ‘New Listings were up 15-percent for single family homes and 23-percent for townhouse-condo properties. Pending/Under Contract numbers increased nearly 12-percent for single family homes and 22-percent for townhouse-condo properties. The Median Sales price increased nearly nine-percent to 260-thousand dollars for single-family homes and nearly ten-percent to 170-thousand dollars for townhouse-condo properties.

  $10 million student housing project headed for Greeley GREELEY - A 262-bed off-campus student housing project will break ground in Greeley Tuesday, with plans to open in time for the fall 2014 semester. The $10 million project , called University Flats, is being developed by Greeley Realty Investors, an affiliate of Denver-based Center Street Capital. Center Street Capital also developed Regency in Denver, a housing project catering to students at the Auraria campus.

  West's record wildfires raise questions about development Western state lawmakers have called on the federal government for more help and criticized its management of public lands, where large fires often start and then spread to private and state lands. That's no small issue in a region dominated by federally owned lands, which cover about 70 percent of Arizona and virtually all of Nevada, for example. The U.S. Forest Service labels about 65 million acres of its land "high or very high risk of catastrophic wildfires."

  Chart of the Day: Age-Restricted Housing’s Market Share in Colorado In Colorado, the market share for all types of age-restricted senior housing and care is nearly 17%, with affordable housing and skilled nursing as the most prevalent settings for seniors age 65 and older, according to Boulder-based consulting firm The Highland Group Inc. Statewide, 83.1% of all 65+ households live in regular mixed-age housing, according to The Highland Group’s analysis of the Colorado senior housing and care market. Given this, the market share for age-restricted housing then becomes 16.9%.