COLORADO SPRINGS, Colo. (KKTV) – Governor Jared Polis announced on Wednesday the recipients of funds from Proposition 123, two of which are in Colorado Springs. According to officials, a total of $47,994,762 will be awarded to 21 recipients.
The awardees include:
- Boulder Housing Coalition: 19 rental units for the 1350 N Logan, Denver, $430,000
- Broomfield Housing Alliance: 72 rental units for the 11795 Colmans Way, Broomfield, $3,500,000
- Commerce City Housing Authority: 120 rental and homeownership units for The Foundry, Commerce City, $4,750,000
- Commun Denver: 173 rental and homeownership units for the Loretto Commons, Denver, $2,500,000
- Community Options Inc.: 50 rental units for the TBD Hilltop Apartments, Montrose, $1,250,000
- Elevation Community Land Trust II: 44 homeownership units for the Miners Haus, Golden, $1,400,000
- Fairview Housing Partners Ltd: 144 rental units for the Flats at Sand Creek, Colorado Springs, $4,050,000
- Foothills Regional Housing: 220 rental units for the Ridge Road, Wheat Ridge, $2,100,000
- GES Coalition, Inc.: 60 rental and homeownership units for the Brighton Blvd-GESC, Denver, $3,571,429
- Habitat for Humanity Fort Collins: eight homeownership units for the Bloom Cottages, Fort Collins, $600,000
- Habitat for Humanity of Metro Denver, Inc.: 40 homeownership units for the Calvary Flats Affordable Homes, Golden, $1,200,000
- Habitat for Humanity St. Vrain: 35 homeownership units for the Habitat 15th and Terry Street Neighborhood, Longmont, $1,558,333
- Metro Caring: 139 rental units for the Metro Caring Affordable Housing, Denver, $3,485,000
- Pagosa Springs Community Development Corporation: 11 rental and homeownership units for the Affordable Housing Phase 4, Bonita Dr., Pagosa Springs, $200,000
- Pikes Peak Real Estate Foundation: 336 rental units for the Bradley Ridge Apartments, Colorado Springs, $4,850,000
- The City of Fruita: 100 rental and homeownership units for The Fruita Commons, Fruita, $1,500,000
- The Inn Between of Longmont: 40 rental units for the 1886 Hover, Longmont, $1,750,000
- The NHP Foundation: 158 rental units for the Liora, Denver, $3,850,000
- Thistle Community Housing: 48 rental and homeownership units for the Fairways Phase II, Boulder, $2,600,000
- Urban Land Conservancy II: 66 rental units for the Liberty House, Denver, $2,450,000
- West Colfax Lampstand: 9 homeownership units for the Flats at Harlan, Lakewood, $400,000
The proposed Bradley Ridge Apartments in Colorado Springs will reportedly include an early childhood education center and serve households earning at or below 60% the Area Median Income (AMI).
The recipients will be required to complete statutory milestones over the coming years, including achieving proper zoning, finalizing development plans and securing development funding and permits…