rental housing

New neuro-inclusive housing development being built in Littleton

Trailhead Communities in Littleton will be a neuro-inclusive housing development providing 60 for-sale condominiums and 23 affordable apartments serving individuals with intellectual and developmental disabilities (I/DD), older adults, and others with incomes at 60 to 70 percent of the Area Median Income or below. Fifty percent of the development’s total units are preferred for residents with I/DD.

Through the successful work of the Stepping Stone Support Center, which provides prevocational and life skills training, job placement, job coaching services, social events, and community connection, it was determined there was a strong need for adults with I/DD to live independently in a home of their own. In 2016, a group of parents, Stepping Stone staff, and other stakeholders collaborated to create a nonprofit to address this need: Stepping Stone Communities, which is sponsoring Trailhead Communities. An HOA will facilitate an extensive set of services and amenities for residents.

Trailhead Communities is the first neuro-inclusive housing development of its kind in Colorado. Construction is expected to be complete in August 2023. CHFA was proud to support the development with a $4 million second mortgage construction loan and Cash Collateral Support structure through CHFA’s Housing Opportunity Fund (HOF).

Customers

business lending

Fort Collins preservation project provides for-sale housing

Elevation Community Land Trust (ECLT) and Housing Catalyst (Fort Collins’ housing authority) have partnered to create new homeownership opportunities for households with incomes at 80 percent of the Area Median Income or below in Fort Collins. The project involved the purchase, renovation, and sale of former public housing units to create 44 homes for sale.

Home types include duplex, triplex, four-plex, and single family. Qualified buyers purchase the homes and lease the land from ECLT. This structure provides permanently affordable homeownership opportunities for the Fort Collins community.

CHFA is supporting this development by providing ECLT with an $8.8 million loan from CHFA’s Housing Opportunity Fund (HOF); funding will occur in four tranches.

Customers

community partnerships

CHFA in the community

Several of CHFA’s community partners held events around the state in June that we were proud to sponsor and participate in. CHFA’s regional Community Relationship Managers and other staff attended:

• Colorado Counties Inc. (CCI) Summer Conference (May 31-June 2), Vail
  This event was hosted by the CCI Foundation and offered networking and education opportunities for attendees to connect with county governments.

• San Juan Rural Philanthropy Days (June 7-9), Ridgway
  Hosted by Community Resource Center, this event convened nonprofit professionals, funders, community leaders, and elected officials from the San Juan region to network and share knowledge.

• Silver Key Senior Summit, (June 15), Colorado Springs
  Silver Key’s Senior Summit provided a forum for older adults and their families to connect with area resources, learn and discuss common issues, and seek solutions to challenges and changes that come with the experience of aging.

• Colorado Municipal League (CML) Annual Conference, (June 21-24), Breckenridge
  This event is the premier training conference for Colorado municipalities and featured more than 40 conference sessions, two keynote presentations, an exhibit hall, volunteer opportunities, and CML’s 100th conference celebration.

• Whittle the Wood Rendezvous (June 22-25), Craig
  The Whittle the Wood Rendezvous is Colorado’s premier chainsaw-carving competition and includes a community festival.