Overland Property Group and Yampa Valley80477 | 06/29/2020 | Ad id: 8-0000595034-02
Overland Property Group and Yampa Valley Housing Authority will submit an application to the Colorado Housing and Finance Authority (CHFA). The purpose of this application is to request an estimated $1,000,000 in annual State Low Income Housing Tax Credits (LIHTC) for an estimated total State LIHTC of $6,000,000. The present value of these credits is estimated to be $4,320,000.
Overland Property Group and Yampa Valley Housing Authority will also submit an application to the Colorado Division of Housing (DOH) to request $645,000.
This funding will be used to develop 75 rental units at 400 Anglers Dr, Steamboat Springs,
Colorado. The total cost of this development is
estimated to be $25,452,698.
The request of funding is to benefit persons with low and moderate incomes by increasing the availability of affordable housing in Routt County. It is not the intent to cause displacement from any existing housing; however, if persons are displaced from their existing residences reasonable housing alternatives shall be offered.
All interested persons are encouraged to contact the applicant for further information. Written comments should be sent to Email Me and will be forwarded to CHFA for consideration during the application process.
Members of the public are invited to attend an online public hearing scheduled for Thursday, July 9, 2020 at 12:00 Noon. Please join via the link https://zoom.us/j/222390674 or dial in 1-346-248-7799; passcode: 222390674.
Published in the Steamboat Pilot & Today on June 29, 2020. 0000595034