City removes final hurdle for Four Corners to develop Knowles Field journal-advocate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from journal-advocate.com Daily Mail and Mail on Sunday newspapers.
YSF: Planned Sailing Center to Be Named After Former Board Chair Pat Harris wqcs.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wqcs.org Daily Mail and Mail on Sunday newspapers.
AMSTERDAM Redevelopment of the former Chalmers Knitting Mills site could be on the horizon if a developer exercises an option to buy the property from the Amsterdam Industrial Development Agency for $340,000.“It would be transformational for the city and the region if the project moves forward," s
13 housing projects in Colorado awarded federal 9 percent tax credits
Thomas Gounley photo)
Thirteen planned income-restricted housing projects in the state have been awarded federal 9 percent low-income housing tax credits.
The Colorado Housing and Finance Authority (CHFA), which allocates both state and federal housing tax credits in Colorado, released a list this week of the projects. Combined, they will have 882 income-restricted units.
There are two types of federal housing tax credits: 9 percent and 4 percent. The 13 projects were chosen from 25 applications that CHFA received for the 9 percent credits this year.
Developers sell the tax credits to investors to raise equity for their projects, according to CHFA. The equity reduces the amount of debt financing or other funding sources needed to make the development financially feasible with the rent limits required under the programs.