Plans are now underway for the construction of a 20-unit apartment project on the southeast side of Colorado Springs that will be geared for low-income seniors.
The project belongs to Silver Key Senior Services, which is based on Colorado Springs, and will go up on a three-acre site off the 1600 block of S. Murray Boulevard, adjacent to the organization’s headquarters.
In a statement, Jason DeaBueno, chief executive officer of Silver Key Senior Services, said his organization “understands the importance of offering affordable quality housing to seniors in our community and is currently working to expand options in the future by adding housing as a service pillar.”
As currently planned, the U-shaped apartment complex with have three floors, with up to 70% of the units set aside for residents having incomes at 30% or less of the area’s median household income.
The remaining units would go for tenants earning between 40% and 60% of the area’s median income.
Silver Key Senior Services was founded in 1970. Through the years it has offered everything from transportation services to nutritional food assistance and medical equipment to the seniors of Colorado Springs and larger El Paso County.
It is thought that the organization has provided services for up to half a million seniors and their families in the last five decades.
An earlier cost estimate for the project, which at the time called for 70 units, came in at $12 million.
Plans for the new project are expected to be finalized by the end of this year, or early in 2022.
By Garry Boulard
