Nearly 50 new affordable housing units will see construction in the months ahead in Longmont, Colorado with the help of a significant grant from the state’s Department of Local Affairs.
That agency has announced that it is awarding a grant with a dollar value of just under $1.9 million to purchase some 7.2 acres located at 905 Harvest Moon Drive roughly 2 miles to the south of downtown Longmont.
Those 7.2 acres will be combined with an adjacent 9 acres that the city purchased three years ago from the Costco Wholesale Corporation.
With the acquisition of that land, the City of Longmont, which has been planning the project for more than two years, will be able to build an overall total of 47 single-family homes and 140 townhomes.
The support from the Local Affairs Department is officially called an Innovative Housing Incentive grant and is designed to help local governments throughout the state build affordable housing properties.
Additional support for the Longmont effort is coming out of the American Rescue Plan, which was passed in 2021 as a measure to combat the economic the ravages wrought by the Covid 19 pandemic.
Last summer, it was announced that the City of Longmont had received just under $6 million in tax credits through the Colorado Housing and Finance Authority to build 55 affordable housing units.
By Garry Boulard
