Tag: affordable housing
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Affordable senior housing project envisions apartments, new senior center in southeast Colorado Springs
Developers are seeking an urban renewal designation to assist with project funding An affordable senior housing project planned for southeast Colorado Springs moved a step closer last week to receiving urban renewal designation. Denver-based developer Arrowleaf Development LLC plans to build 157 affordable senior housing units and a senior center near the intersection of Zebulon Drive…
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Three Pikes Peak region affordable housing projects awarded tax credits for construction
Three of the 14 affordable residential developments to receive federal and state housing tax credits from the Colorado Housing and Finance Authority in the agency’s first round of awards this year are being built in the Pikes Peak region. Receiving tax credit approval through the highly competitive selection process signifies hurdling a milestone for affordable…
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La Fun developers receive coveted low-income housing tax credits for Manitou Springs project
A plan for the first apartments in Manitou Springs to be built since the early 1970s has secured a competitive tax incentive through the state of Colorado. The Colorado Housing and Finance Authority awarded over $2 million in tax credits to the developers of the former La Fun Motel property. In exchange, the project will…
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As Colorado passes 6 million residents, housing initiatives take center stage
New Census data confirming Colorado’s population has topped six million is fueling renewed debate over Gov. Jared Polis’ housing agenda, as he tied the population increases to home construction. The governor said the counties experiencing the largest increases in new housing construction — Weld, Larimer, and Douglas — are also seeing the fastest population growth.…
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Federal judge dismisses developer’s challenge to Denver affordable housing ordinances
A federal judge dismissed a homebuilder’s constitutional challenge on Tuesday to a pair of Denver ordinances that impose obligations on developers related to the affordable housing demands created by new construction. Two related companies, redT Homes and redT Capital Partners, sued the city last year over the fees they would incur to construct six homes…
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A fresh perspective on affordable housing | From My Perspective
It seems like the usual way of solving problems in society doesn’t work well any more. Tried and true methods that worked 50 years ago aren’t very effective in today’s world of technology, globalization and a rapidly changing environment. Tackling current problems requires creativity, innovation and fresh perspectives. A success story is unfolding in Boulder…
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A fresh perspective on affordable housing | From My Perspective
It seems like the usual way of solving problems in society doesn’t work well any more. Tried and true methods that worked 50 years ago aren’t very effective in today’s world of technology, globalization and a rapidly changing environment. Tackling current problems requires creativity, innovation and fresh perspectives. A success story is unfolding in Boulder…
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PERSPECTIVE: A foot in the door of affordable housing
By Tyrone Adams Housing affordability cannot be addressed overnight. It will take dedicated conversations at local and state levels, targeted regulatory reforms, and close collaboration and feedback between government leaders, builders, and would-be homeowners. Fortunately, these kinds of conversations are becoming more common. The Common Sense Institute has already taken steps toward providing data-based solutions.…
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Affordable housing south of downtown to receive $12.8 million from Proposition 123
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…
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Polis-backed HOME Act aims to increase Colorado housing near transit, businesses
Gov. Jared Polis and Democratic House Speaker Pro Tempore Andrew Boesenecker on Tuesday unveiled proposed legislation aimed at reducing barriers to building “affordable” housing. The bill, known as the HOME Act, will enable the construction of more new homes near transit and local businesses, they said. “Today’s announcement is a big step in Colorado’s nation-leading…