The Ridge - South Colorado Springs
The Ridge is a funded and approved new-construction project at the intersection of Hwy 115 and S. Academy, in the Broadmoor Bluffs neighborhood. A 60-unit property of 1-, 2-, and 3-bedroom units, The Ridge has undergone a tremendous amount of scrutiny, and has been approved/supported at every level of review. The most recent was a 35-point opinion by District Court, with all 35 points in favor of The Ridge.
With Commonwealth Development as primary developer, and Greccio Housing as minority owner and property manager. Funding is provided through Low Income Housing Tax Credits, local and State investment, and traditional construction and long-term financing.
January 2019- Update
Rocky Mountain Apartments - Southeast Colorado Springs
Rocky Mountain is a unique affordable housing development, as it represents the first “Acquisition and Conversion” of an existing office building into 18 NEW affordable housing units. Located to the east of Dunkin Donuts on Bijou and Circle, the 1- and 2-bedroom unit development will offer 2 ADA units, central location, enclosed courtyard with picnic area, playground, a community garden, and a “Grab-N-Go” library. Funding partners will include the City of Colorado Springs, El Paso County Housing Authority, State of Colorado, and Ent Credit Union. Apartments should be available for move-in near the end of 2019. The Rocky Mountain Apartments are located in a qualified Enterprise Zone, which means that support of this project through donations are eligible for an additional 25% State Tax CREDIT! Investing in this development is a great way to support affordable housing in our community!
January 2019 - Updates
The Atrium at Austin Bluffs - Northeast Colorado Springs
January 2019 - Updates
Woodbine Apartments ADA Upgrades
Originally acquired in 2012, Woodbine is undergoing an accessibility renovation and improvement project. With much of the housing inventory in our city constructed in the 70s and 80s, conversion to greater accessibility is a priority today. Thank you to the City of Colorado Springs for their investment of HOME funds into this important upgrade and expanded accessible offering for a population with limited options for housing.
The Arcadia Apartments -North-Central Colorado Springs
One of our smaller apartment communities, the 6-unit Arcadia Apartments were originally acquired in December of 2016. An already-sound building, desired improvements have included a new boiler system for heat, paving of the gravel parking lot, painting the exterior, and conversion of 1 of the units to ADA accessibility. Installation of a new and high-efficiency boiler system have just been completed, and funding is being pursued to support the other projects. These Improvements will make the Arcadia Apartments a stable, safe, and affordable place to live for another generation. Watch for future notices for timing of completion of these upgrades!