LONGMONT, Colo. — Pennrose and the Longmont Housing Authority, along with project partners, marked the opening of Ascent at Hover Crossing, a 75-unit affordable housing development that includes an early childhood education center.
In Brief:
- Pennrose and Longmont Housing Authority open 75-unit Ascent at Hover Crossing
- $39 million development includes one- to four-bedroom apartments
- Early childhood education center operated by the OUR Center
- Funding from Colorado Housing and Finance Authority and private investors
The $39 million development includes one- to four-bedroom apartments across two buildings. Units are available to households earning between 30% and 80% of area median income, which ranges from about $31,650 to $84,400 for a one-person household.
The project includes a mix of income-restricted units and market-rate housing. Amenities include on-site management, a community building, fitness space, indoor and outdoor play areas and shared meeting areas. The property is all-electric and meets NGBS Bronze standards. A rooftop solar installation owned by the city is expected to reduce utility costs for residents…