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13 housing projects in Colorado awarded federal 9 percent tax credits


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. ....

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Quail Run Apartments in Mulberry extensively damaged in fire


WATCH: Quail Run Apartments in Mulberry suffer extensive damage in Tuesday night fire
The Mulberry Fire Dept. was dispatched to the apartments Tuesday (May 4) night. Upon arrival, the fire was already coming out of the roof of the west end units.
Author: 5NEWS Web Staff
Updated: 12:28 PM CDT May 5, 2021
MULBERRY, Arkansas The Mulberry Fire Department (MFD) was dispatched to the Quail Run Apartments at 9:40 p.m. for a four-unit structure fire. 
When crews arrived on the scene, the fire was already coming thru the roof of the west end of the units, according to a Mulberry firefighter.
The fire was extinguished, but all four of the units received extensive damage.  ....

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