Tag: colorado housing and finance authority
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Affordable senior housing project envisions apartments, new senior center in southeast Colorado Springs
Developers are seeking an urban renewal designation to assist with project funding An affordable senior housing project planned for southeast Colorado Springs moved a step closer last week to receiving urban renewal designation. Denver-based developer Arrowleaf Development LLC plans to build 157 affordable senior housing units and a senior center near the intersection of Zebulon Drive…
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Three Pikes Peak region affordable housing projects awarded tax credits for construction
Three of the 14 affordable residential developments to receive federal and state housing tax credits from the Colorado Housing and Finance Authority in the agency’s first round of awards this year are being built in the Pikes Peak region. Receiving tax credit approval through the highly competitive selection process signifies hurdling a milestone for affordable…
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Subcontractors file $1.2M in liens over unpaid work on Colorado Springs affordable housing project
An out-of-state developer that served as the general contractor on Colorado Springs’ first affordable-housing project built on church property — and that Gov. Jared Polis came to town to tout a few weeks ago — hasn’t paid numerous subcontractors, resulting in more than $1.2 million in liens, public records show. The construction arm of Wisconsin-based Commonwealth…
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6 housing projects to get $39 million from Colorado’s Proposition 123
Six new affordable housing projects have been preliminarily approved for funding, the Office of Economic Development and International Trade and Colorado Housing and Finance Authority announced Wednesday. The money came from Proposition 123, a 2022 ballot measure that allocates 0.1% of income tax revenue to support affordable housing projects across the state. The program provides…
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Aurora council considers changes to Aurora Housing Authority
The Aurora City Council is moving forward with a proposal to change the makeup of Aurora Housing Authority, adding term limits and new qualifications for members. Meanwhile, the city’s mayor wants the board’s director to resign, saying he made false claims to try to stop the proposal. At Monday night’s study session, mayor pro tem…