$50,000 CHDO grant awarded to The Villages in Larimer County

The Department of Local Affairs has announced that $50,000.00 in HOME CHDO Operating (HMCO)funds has been awarded to Larimer County for the following project:

The Villages, Ltd. has been awarded a HOME CHDO operating grant in the amount of $50,000 to assist with staff salaries for the pre-development work for a permanent supportive housing development with 40 units in north Fort Collins. The Villages, Ltd. has met the CHDO certification requirements and submitted a business plan. They have entered into a memorandum of understanding (MOU) with the Division of Housing that states they intend to use additional HOME funds to develop units of affordable housing within 24 months of the date of this agreement.