A planned affordable apartment building at the south end of downtown Colorado Springs was one of the major recipients of the state’s affordable housing funds awarded last week.
The Office of Economic Development and Trade announced that the Bristow House development will receive $12.8 million in funds through Proposition 123, which voters approved in 2022 to expand Colorado’s affordable housing supply. Bristow was one of the five projects selected for funding this year and received the second-biggest portion of the $52 million fund.
Draper Commons is planning Bristow House as a 185-unit development located near the intersection of South Wahsatch Avenue and Fountain Boulevard. The building will provide studio, one-bedroom and two-bedroom apartments to residents earning between 70% and 110% of the area’s median income…