DOLA announces $9 million award for eight statewide affordable housing projects
Denver, CO – Thursday, July 28 , 2016 – The Department of Local Affairs (DOLA) Division of Housing (DOH) today announced the award of $9,006,089 to support the development of eight projects and 708 new affordable housing units. These awards are funded through the Colorado Housing Development Grant, Colorado Housing Investment Fund, and federal Neighborhood Stabilization Program.
Colorado is experiencing a critical shortage in affordable housing with over 270,000 low income households paying more than 50% of their income toward housing costs. These projects will assist people and their families have a safe place to live.
The following eight developments were selected:
Springs Rescue Mission Shelter - The Springs Rescue Mission in El Paso County will be awarded $850,000 for the construction of a campus expansion to the current winter emergency shelter in Colorado Springs. The completed project will provide an additional 108 emergency shelter beds (for a total of 168 beds) and will allow the shelter to operate year round. The expanded facility will also be able to offer day services such as laundry facilities, showers, community space and electronic access for job searches and application submissions.
Arroyo Village - Rocky Mountain Mutual Housing Association, Inc. DBA Rocky Mountain Communities (RMC), and its development partner, The Delores Project (TDP), will be awarded a $1,000,000 grant and a $3,000,000 CHIF loan for the construction of Arroyo Village in Denver. Arroyo Village will contain 95 units of affordable rental housing, 35 units of permanent supportive housing for the chronically homeless, and an 11,000 square foot shelter for homeless women containing 55 beds.
South Towaoc Supportive Housing - The Ute Mountain Housing Authority (UMHA) will be awarded a grant of $871,014 for the South Towaoc Permanent Supportive Housing project located in Towaoc on the Ute Mountain Ute Reservation. This 11-unit multifamily permanent supportive housing project will serve Ute Mountain Ute Tribal Members and other Ute Mountain Ute residents who are homeless or at-risk of homelessness and earning at or less than 30% of Area Median Income (AMI). This project is located in Montezuma County.
Village at Westerly Creek 3 - The Aurora Housing Authority will be awarded $750,000 to assist with the development of Village at Westerly Creek 3 in Arapahoe County. The project will include 24 senior one bedroom units, and 50 family townhomes and rental units, and will serve households at 30% to 60% AMI. It will also include six new public housing units for households at up to 30% AMI.
Anvil Mountain Apartments - San Juan County will be awarded a $305,430 grant and a $1,201,667 CHIF loan for the development of 12 rental units to be located just outside Silverton where there is an urgent need for affordable workforce housing. The site is owned by the County and will be annexed into the Town of Silverton upon project completion. The development will serve persons/families earning at or below 30% to 120% AMI.
The Castle - The Comitis Crisis Center DBA Mile High Behavioral Healthcare will be awarded a grant of $92,978 for the rehabilitation of The Castle in Denver. The property provides permanent supportive housing to six households earning at or below 50% and 60% AMI.
Kentucky Circle Village - The Senior Homes of Colorado Foundation, Inc. will be awarded a grant of $410,000 for the rehabilitation of Kentucky Circle Village, a 172-unit affordable housing rental community for seniors over the age of 62. It is located in Denver County.
Willow Street Residences - The Community Housing Development Association (CHDA) will be awarded a grant of $525,000 for the acquisition/rehabilitation of Willow Street Residences which consists of 80 affordable housing units, and serves people between 30% and 60% AMI. It is located in Denver County.
This past year, DOH succeeded in serving more than 32,000 of Colorado’s households and created more than 3,100 new affordable housing opportunities. To learn more go to: http://bit.ly/2a2kV2B.