A project called the Copper Platte that will see the construction of 224 affordable housing units in Greeley, Colorado is now the recipient of support through what are known as Private Activity Bonds.
Those bonds, issued by both the City of Greeley as well as larger Weld County, have a dollar value of more than $14 million, and will go to three residential developments, including the new Copper Platte project.
As proposed, that project will see the construction of 104 two-bedroom units, 62 one-bedroom units, and 40 three-bedroom units.
Plans also call for the construction of 16 four-bedroom homes, housed in four different structures.
The Spokane, Washington-based Inland Group, a company specializing primarily in senior living homes, is the developer behind the project.
The Inland Group is increasing its footprint across the West with projects not just in Colorado, but also Idaho, Nevada, and Washington.
Entailing a total of eight separate buildings, the Copper Platte project will go up just to the northeast of the popular Greeley Mall, located some 3 miles from downtown Greeley.
In order to make way for the new project, a one-story building housing several businesses off U.S. State Route 34, but also near the Greeley Mall, will be demolished.
The project is currently under review by the City of Greeley. Although an exact date of construction has not yet been announced, it is thought that it will take around 16 months to complete the project.
By Garry Boulard
