Tuesday, April 10, 2012

Housing News Digest, April 10

Fee waivers clear way for Glenwood Green
LENWOOD SPRINGS, Colorado — Developers of a low-income rental housing project at Glenwood Meadows were granted the full amount of requested fee waivers by Glenwood Springs City Council Thursday night.

Council's 4-2 decision to waive roughly $474,000 in planning, water, sewer and school impact fees should clear the way for construction of the 60-unit Glenwood Green Apartments on Wulfsohn Road, project officials said.

Greeley families to benefit from second wave of foreclosure grants
Salas, manager of Greeley's Urban Renewal Authority, oversees the purchase and rehabilitation of foreclosed homes, which are sold back to low-income residents.

After this round of construction, 30 single-family homes will have been refurbished by the city of Greeley through a federal grant called the Neighborhood Stabilization Program. In 2010, Greeley and Weld County were awarded $5.4 million to rehabilitate homes in foreclosure.

Multi-family permits up 117 percent statewide

Both multi- and single-family permit levels are still far below normal activity, according to the Colorado Division of Housing. In February 2012, multi-family permit levels were at the second-lowest and single-family permits were at the third-lowest level in 10 years. County-level data was not available.

Erie weighs housing projects that could boost size of town
As another large housing project in Erie slowly makes its way through the approvals process, the former coal-mining community with little more than 1,000 residents in 1990 could see its population swell to near 40,000 in the next 20 years.

On Tuesday, elected leaders for the town on the border of Boulder and Weld counties will decide whether to pave the way for a development that could bring up to 2,152 more homes to the northeast part of Erie.

Group outlines redevelopment of Basalt trailer park
BASALT, Colorado — A trailer park near the heart of Basalt could be redeveloped with about 112,000 square feet of buildings that include a hotel, retail shops, offices for businesses and nonprofit groups, and classrooms, according to a land-use proposal submitted to the town government.

The Roaring Fork Community Development Corp., a nonprofit organization, purchased the Pan and Fork Mobile Home Park last year and sold half of the property to the town. The organization will tackle the redevelopment on its 2.32 acres closest to Two River Road. The town will convert its slightly larger site into a park on the banks of the Roaring Fork River.