The Loveland Housing Authority “Mission” is to “provide home and community through housing”. That is why the Development Services Division plays such a large role in the activities of the Loveland Housing Authority. The need for affordable housing is growing and the Housing Authority is constantly trying to match that growth by introducing more housing opportunities. In some cases, the purchase of an existing property with the potential to rehab is the perfect solution. Other times, purchasing raw land and building new construction is more cost effective. For the past 15 years, the Housing Authority has aggressively pursued increasing its affordable housing stock.
The Development Services Division of the Loveland Housing Authority is committed to providing new opportunities to make affordable housing an option for individuals and families. Whether through the purchase of an existing property, the creation of a new community, or by providing assistance to individuals who already own a home, the Division believes everyone should have an opportunity to live in a safe, comfortable, and affordable environment.
The Housing Authority is currently working to create a new 60 unit family housing project with an additional 10 units designated for housing homeless veterans. This project entitled The Edge will provide “cutting edge” home and community services to America’s veterans who have earned the opportunity to live in safe, affordable, and modern housing. The 60 units of family housing will offer young families an opportunity to enjoy an affordable vibrant lifestyle close to businesses, retail shops, schools, and public transportation. This project will be completed in December, 2016.
The Housing Authority’s commitment to affordable housing extends to small rural communities located within the City of Loveland’s trade area. Communities who understand their commercial business success is directly linked to providing affordable housing often need assistance navigating the maze of government financing and public/private partnerships. Loveland Housing Authority has recently assisted two rural communities tackle this challenge, having completed the development of the 36 unit Windsor Meadows II Apartments located in Windsor, and the 48 unit Falcon Ridge Apartments located in Estes Park. For young families beginning their careers, living close to their work is a tremendous financial advantage. Conversely, employers in small rural communities find it much easier to recruit and retain employees who live and work in the same community.
The Housing Authority continues to evaluate the need for affordable housing. Future growth plans include the development of 300 additional affordable housing units in Loveland, including 70 units at our Mirasol senior campus. In partnership with the City of Loveland and the Colorado Division of Housing, the Housing Authority is also working to investigate opportunities to address homelessness through permanent supportive housing.