Friday, December 27, 2013

Housing News Digest, December 27

Many high-profile projects in Colorado have gotten help from tax increment financing
DENVER — City for Champions — four dreams of Colorado Springs civic leaders — could become reality through heavy use of development incentives known as tax increment financing. The $250 million plan to build an Olympic museum, an indoor arena, a sports medicine clinic and an Air Force Academy visitor's center would get off-the-ground with $145.5 million in bonds or loans that would be paid back with interest using a variety of tax increment financing sources.

  Weld County donates building at 330 Park Ave. in Fort Lupton for family resource center FORT LUPTON — After making renovations to the building, Weld County has donated a building it owned at 330 Park Ave. to provide a new family resource center offering a variety of services to the community. The Family Resource Center building, 330 Park Ave. in Fort Lupton, was donated by Weld County earlier this month. Fort Lupton Police Chief Kenneth Poncelow made the announcement during the Fort Lupton Chamber of Commerce luncheon Dec. 11, and he said the family resource center would be located in a historic location in the city.

  Trailer residents get outside help An effort by some residents of the Pan and Fork Mobile Home Park to convince the Basalt town government to provide replacement housing is picking up steam among community residents. The internal dissent over the eviction of mobile-home-park residents has existed for months. Now people from outside the mobile-home park are speaking up. As of 4 p.m. Tuesday, 110 people had signed an online petition circulated by the Colorado Immigrants Right Coalition to “keep Pan and Fork residents in the community.”

  El Paso County residents receive $1.6 million in FEMA flood aid More than 750 residents of El Paso County - including the homeless - received from roughly $1.66 million in FEMA aid money after September's flooding, according to the Federal Emergency Management Agency. The funds - called Individual Assistance grants - do not have to be repaid and were to help with rental assistance, emergency home repairs and replacement of personal property.

NorthStar Realty Finance Reports Initial Closing Of $400 Mln Housing Portfolio NorthStar Realty Finance Corp. ( NRF ) announced the closing of $345 million of an about $400 million manufactured housing portfolio comprised of 16 communities containing approximately 5,900 pad rental sites located primarily in Denver, Colorado and Austin and Dallas, Texas.

  What will Santa do? Fewer homes have chimneys While fireplaces are a common feature in modern-day homes — even in warm climates — actual chimneys are becoming somewhat of a home-building relic.To get a sense of that trend, Trulia, a real-estate website, looked at homes listed on its website between January 2011 and June 2013. For homes built in the 2010s, fewer than 0.5 of every 1,000 home listings mentioned a chimney, according to the analysis. Meanwhile, about two out of every 100 listings for homes built at that time mentioned a fireplace. Chimneys are most common in homes built before 1900, while fireplaces experienced a bump in popularity in the 1980s, 1990s and 2000s.