Ten developments have been selected to receive federal and state housing tax credit reservations in Colorado.
The Colorado Housing and Finance Authority (CHFA) announced that the second-round awards will support the construction or preservation of 1,110 affordable housing units in the state.
The developments receiving 4% federal and state credits are in Aurora, Colorado Springs, Denver, Fort Morgan, Longmont, Loveland, and Montrose.
CHFA received 35 applications seeking $86.3 million in federal 4% credits and $37.6 million in state credits. It awarded approximately $21.9 million in federal credits and $10.7 million in state credits.
The developments receiving tax credit reservations are:
· 901 Navajo Street in Denver from Mercy Housing Mountain Plains;
· Albion Affordable Apartments in Denver from Delwest Development Corp.;
· Ascent at Hover Crossing in Longmont from Pennrose;
· Chrysalis Apartments in Denver from The Empowerment Program;
· Denver Dry Goods in Denver from Perry Rose;
· Edge III in Loveland from Loveland Housing Authority;
· Gateway Village in Fort Morgan from Rocky Mountain Communities;
· King’s Crossing in Aurora from Community Development Partners;
· Rendezvous in Montrose from Volunteers of America National Services; and
· Village at Homewood Point—Phase II in Colorado Springs from CS Pike Senior II L.P.
Full descriptions may be viewed here, and the award report may be viewed here.