Colorado distributed $3.69 million in April to fund affordable housing projects across the state

    BRIEF

    A housing building in Denver's Capitol Hill neighborhood on Aug. 7, 2020. (Moe Clark/Colorado Newsline)

    The Colorado Division of Housing, an agency within the Department of Local Affairs, awarded $3.69 million in April to help fund affordable housing projects spread throughout the state. 

    “We are excited to be announcing a list of diverse housing projects across the state that address permanent supportive housing needs for homeless Coloradans, rural workforce housing, and transitioning a historic commercial building into affordable units,” said Rick M. Garcia, executive director of DOLA, in a written statement.

    Nationally, Colorado ranks 42nd for having the lowest number of available affordable housing units for low-income households that live below the poverty level or are forced to spend more than 30% of their income on housing costs, according to a report by the National Low Income Housing Coalition, a research and advocacy organization. The report estimates that there is a gap of 113,110 affordable housing units in Colorado for extremely low-income households.

    Here are the six projects that received state funds to support the building of more affordable housing:

    Rhonda’s House — 49 units, Denver

    REDI Corporations, an affordable housing developer, has been awarded $1.3 million to construct a new housing project that’s tailored to the needs of people experiencing homelessness in the Denver metro area.

    Rhonda’s Place, to be located in Denver’s Barnum neighborhood, will include 49 units of permanent supportive housing. The project is in partnership with the Mental Health Center of Denver, which will provide training for independent living skills, employment assistance, benefits acquisition, access to mental health and substance abuse treatment, as well as medical and generalized care, according to a DOLA press release.

    The project will be somewhat modeled after the Sanderson Apartments, another permanent supportive housing community owned and operated by the Mental Health Center of Denver.

    Denver’s Department of Housing Stability is contributing $1.5 million for the project and the Division of Housing’s Office of Homeless Initiatives awarded the project 49 state housing vouchers to subsidize the rental cost for residents.

    The housing project will consist of one-bedroom units for people with a maximum income of 30% of the area median income, which is approximately $21,000 per year.

    Benni’s House and Matthew’s House — renovate 9 bedrooms, Mesa County

    Karis Inc. has been awarded $98,000 and $125,700 respectively to rehabilitate Benni’s House and Matthew’s House, two properties that make up a transitional living project for homeless youth in Mesa County. 

    Benni’s is a five-bedroom, two-bath house and Matthew’s is a four-bedroom, two-bath house, each open to unaccompanied youth ages 16 to 22. The houses provide food, clothing, hygiene products, case management and school supplies. Residents also have access to optional services such as peer outreach, education and career development, and low-barrier mental health assistance.

    The Mill Apartments — 60 units of multifamily housing, Fraser

    Fraser Mill Development was given a loan of $615,000 to assist in the construction of The Mill Apartments, a 60-unit multifamily rental housing development in Fraser. 

    The two-building development will include one-, two- and three-bedroom units available to individuals and families between 30% and 80% AMI (between $16,560 and $44,160 for a single person and 18,930 and 50,480 for two people).

    This will be the first new affordable housing development in Fraser since 1995, according to the press release.

    Holmes Hardware Block — 28 units, Pueblo

    Full Plate Management has been awarded $560,000 to rehabilitate the Holmes Hardware Block in Pueblo, a historic section of downtown with history dating back to the early 20th century, according to the press release. 

    The renovations will include using historic tax credits for a food hall and restaurant incubator and the creation of 28 units of studios, one-, and two-bedroom units for individuals and families with incomes ranging from 30% to 60% of AMI (between $15,450 and $30,900 for a single person and $17,640 and 35,280 for two people.)

    NeighborWorks of Southern Colorado — four single family homes, Pueblo

    NeighborWorks of Southern Colorado, a housing nonprofit, was awarded $60,000 to construct four single-family homes in the Hyde Park Gardens subdivision of Pueblo. These three-bedroom homes will be available to families with incomes below 80% of AMI.

    The Point Crossing: 63 units, Aurora

    Mile High Development received $885,000 to assist with construction of The Point Crossing, a 63-unit family housing project located adjacent to the Regional Transportation District’s Nine Mile Station at Parker Road and Interstate 225 in Aurora. 

    The property will contain a fitness center, community lounge and 48 parking spaces including EV charging stations, according to the press release. The Point is for families with incomes ranging from 30% to 80%, with a target average of 57% of AMI. 

    For complete information on Housing Board grant approvals, visit cdola.colorado.gov/state-housing-board.