Greeley, Colo.—Four Corners Development LLC recently announced it will develop Peakview Trails, a new affordable housing community in Greeley, Colo.
The company was awarded $987,140 in State Low Income Housing Tax Credits (disaster recovery), $635,718 in 4 percent Federal Low Income Housing Tax Credits from the Colorado Housing Finance Authority (CHFA), as well as $3.5 million in (CDBG) Disaster Recovery funds from the Colorado Division of Housing for the development of the project. The funds were awarded due to the flood impacted areas in the Boulder, Larimer and Weld counties.
The Peakview Trails affordable housing community will offer 96 one- and two-bedroom apartments featuring Energy Star-rated amenities such as central air conditioning, refrigerators, dishwashers and washing machines. Each unit will also feature a built-in microwave, stove/oven, garbage disposal, dryer, walk-in closet, patio/porch, balcony, as well as cable and internet connections. Community amenities will include a clubhouse/community room, library, computer lab, business center, two elevators, a picnic and barbecue area, raised garden beds, walking trails and ample surface parking.
The Greeley-Weld Housing Authorities is expected to manage the property and provide an on-site activities coordinator. Four Corners is expected to receive site approval by July and break ground in November.