to Community Housing Partners (CHP)
August 16, 2023 -
Homes and will
go vertical soon!
Although we had to cancel our May 17th groundbreaking and tried to reschedule it in June, unprecedented rainfall made our site muddy and unworkable. At times we referred to our site as "the swimming pool" as 19 working days were delayed for weather.
Now that the site has dried out, Palace Construction has made progress with undergrounding site utilities
and poured the concrete foundation for the first of two buildings. Slabs will come next and we anticipate going vertical (framing) in early Fall. We’re now planning a super grand opening indoors in late Summer 2024.
We've received initial LIHTC equity from Enterprise Community Partners and construction loan financing through Pacific Western Bank. The Aurora Housing Authority (AHA) is partnering to provide sales/use and property tax exemption - we've already saved close to $1.4 million in fees. The project would not be possible without gap funding from the Colorado Division of Housing of $4,185,000, Arapahoe County of $2,000,000 and the City of Aurora of $500,000.
INTEREST LIST OPEN WITH BROTHERS PROPERTY MANAGEMENT
These 93 units will serve households earning between 30-60% of the area median income (AMI). The units will be larger for families with children, with 75% being 2 and 3-bedroom units. The property is scheduled to open in the summer of 2024, and our partner, Brothers Property Management (BPM) has officially started marketing in hopes of generating as much interest as possible for pre-leasing in March 2024.
If you know of anyone who would be interested in being placed on the interest list, please have them call 303-830-4690 or visit BPM's website at www.brotherspropertymanagement.org. Please note that people will be asked to provide contact information for future outreach as we get closer to the grand opening, so inquiries are not being directly responded to at this time.
AID TO AGENCIES HELPS CHP'S FAMILIES FACING HARDSHIPS
Families are still struggling after the pandemic with rent, utilities, food, internet, furniture and unpaid bills. In addition to Arapahoe County's generous $2 million funding for the new construction of Eagle Meadow Homes, the County's Aid to Agencies program has supported our at-risk and formerly homeless families with grants of $8,000- $10,000 for the past five years. This funding adds to our resident small balance grant/loan pool, plus provides navigation, resources, and events to over 200 residents at CHP's Plaza Townhomes at Macon & Moline and Townhomes at Tollgate Creek in Aurora. We thank Arapahoe County immensely for aiding both our current and future residents!
Community Housing Partners
Serving Aurora Family Members...
Community Housing Partners serves low and moderate income families, many of whom were homeless or at risk of becoming homeless, by developing affordable rental housing, and offering rapid rehousing and supportive services.
Where it all began...
The Aurora Housing Corporation (AHC) was founded in 1985 as a 501(c)3 organization so it could access Federal dollars for the ongoing operation of its properties. This ability allowed AHC to keep its rents at an affordable level. For these past 37 years, it has been able to make this vision a reality. Until 2013, AHC was a sister organization to the Aurora Housing Authority (AHA) and as such it purchased and built several developments through this partnership.
Who are we today…
In 2013, AHC changed its name to Community Housing Partners and separated from AHA. As a stand-alone agency, CHP continues as a non-profit and has the same mission of ensuring safe affordable, service-enriched housing. As the City grows as a business and healthcare center, the housing needs are changing. CHP sees the need to keep an affordability level so that the lowest income and work force (moderate income) families are able to live and work there.
Who lives with us?
CHP houses many families who are in need of affordable rents due to a myriad of life circumstance. Some are refugees from various Asian and African nations. Others have been homeless due to recent circumstances such as the death of a spouse or leaving a domestic violence situation. Some have histories of being homeless with many internal barriers. Others earn low wages that don't support the market rate rents - by December 2022 the average rent in Aurora was $1,737 and higher in Denver at $1,994.
What is the issue for lower-income families?
HUD maintains that people should not have to spend more than 30% of their earnings on housing. So what does that mean to a family of 4? If a single head of a household with 3 children earning $12.56 an hour working full time, their gross income is $26,125 a year, and they gross $2,177 monthly. Can they afford to pay fair market rent for a 2 or 3 bedroom at $1,659 to 2,226 a month? Probably not. This forces them to use the bulk of their earnings just on rent. What about food.... clothing.... school supplies.... etc?