The Colorado Department of Local Affairs (DOLA) Division of Housing (DOH) awarded $4.47M through the Colorado State Housing Board (SHB) for affordable housing in September.
DOLA also so far has supplied over $7.49M to renters and landlords across Colorado through the EHAP and POP programs since Governor Jared Polis signed Executive Order 70 in May and HB1410 in June, authorizing DOH to provide up to $29.65M in COVID-19-related housing payment relief.
DOH granted the Housing Authority of the City and County of Denver (DHA) $1M to assist with the acquisition and adaptive reuse of a vacant office building at the corner of Speer and South Broadway, adjacent to Denver Health’s newly upgraded hospital campus. The repurposed building will provide 110 affordable units for seniors with incomes below 60 percent of the Area Median Income (AMI), or residents who are disabled. 655 Broadway will include 96 one-bedroom units for individuals with incomes between 30 – 60 percent of the AMI, and 14 single room occupancy (SRO) units for people below 30 percent of the AMI. The SRO units will serve as transitional housing for homeless individuals with disabilities.
The Division awarded Chaffee Housing Trust $127K to assist with the construction of River Ridge in Salida, Colorado. The project will consist of eight single-family condominiums across two three-story walk-ups, with 1-, 2-, and 3-bedroom homes offered for sale to qualified Chaffee County households that have incomes below 80 percent of the AMI.
DOLA granted Brighton Housing Authority (BHA) $150K to assist with the rehabilitation of five duplexes. The project will provide four three-bedroom and six four-bedroom units to families with incomes between 30 and 60 percent of the AMI. Five project-based vouchers from BHA will support families with the greatest need.
The Department awarded CARE Housing, Inc. $840K for financing of the Swallow Road rehabilitation project in Fort Collins, Colorado. The scope includes the renovation of two adjacent rental apartment complexes totaling 84 units of affordable housing. Five units are reserved for those with incomes below 30 percent, 13 units for below 40 percent, 26 units for below 50 percent, and 40 units for below 60 percent of the AMI.
DOH granted Homeward Pikes Peak (HPP), in conjunction with Dominium, $1.5M to assist with building The Commons in Colorado Springs, a 50-unit supportive housing development that targets homeless families and veterans. The project has close proximity to collaborating supportive-service providers Peak Vista, Community Health Center and Aspen Pointe Health Services. The 4-story building will include a mix of one-, two- and three-bedroom units, and Dominium is providing all development services pro-bono.
The Division awarded The Loveland Housing Development Corporation (LHDC) a total of $538K to deliver more than 90 loans over three years to homeowners with incomes below 80 percent of the AMI who are occupying single-family homes across Larimer County, and the town of Milliken in Weld County.
DOLA granted Fremont County and the Upper Arkansas Area Council of Governments (UAACOG) $312K to deliver 40 loans over two years through their Single-Family Owner-Occupied Rehabilitation program, to preserve housing for low-and moderate-income households in Chafee, Custer, Fremont, Lake, Park and Teller counties.
Finally, DOLA will provide $2M with funds from the U.S. Department of Housing and Urban Development (HUD) for the Next Step Generation 2 Program, which provides transitional housing assistance through local governments and nonprofits paired with school districts for homeless families with children attending school. Awards include $750K to Salvation Army and Adams 14 School District; $500K to Boulder County Housing Authority and surrounding districts; $320K to Family Tree and Jefferson County School District; $300 to Innovative Housing Concepts and Sheridan School District; and $285 to Almost Home and Adams 27J School District.
“We at DOLA take the stewardship of this state and federal funding very seriously,” said Deputy Executive Director Natriece Bryant. “And we are working tirelessly to get housing relief to residents and families who really need it, all across Colorado.”
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