“Loveland City Council members expressed their support on Tuesday for an affordable housing project designed for those exiting homelessness that would be built northeast of the Loveland Police and Courts Building.
Tuesday night’s meeting on the project was a study session, meaning no vote was taken, but the developer’s timeline includes the item returning for a decision on Sept. 1.
If the council votes to support the project, the city would offer the land, which it owns and is valued at $400,000; roughly $1.3 million in fee waivers, $450,000 of which would be backfilled from funds set aside in the city’s Community Housing Development Fund; and $200,000 in Community Development Block Grant funding.
“For me, what really excited me is it provides a pathway to self-sufficiency,” Ward III councilor Steve Olson said, explaining his support. “It’s good for Loveland because it helps provide a solution for people who are homeless instead of just giving a handout.”
Archdiocesan Housing, a ministry of Catholic Charities of Denver, is sponsoring and would manage the 54-unit supportive apartment complex. They are also partnering with BlueLine Development, Shopworks Architecture, the Loveland Housing Authority and Homeward Alliance.
He said only 7.2% of residents at other supportive developments on the Front Range had cars, reflecting general conditions of financial hardship among the homeless.”
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Levy, Max. Loveland Reporter Herald 11 August 2020.