GREELEY, Colo., June 1, 2016 /PRNewswire/ -- Four Corners Development, LLC was awarded $987,140 in State Low Income Housing Tax Credits (disaster recovery) and $635,718 in 4% Federal Low Income Housing Tax Credits from Colorado Housing Finance Authority (CHFA) for a development in Greeley, Colorado. Four Corners Development was also awarded a $3,500,000 (CDBG) Disaster Recovery funds from the Colorado Division of Housing for this project. These funds are due to the flood impacted area in Boulder, Larimer and Weld Counties.
Four Corners Development is based in Springfield, Missouri. It is anticipated that the Greeley-Weld Housing Authority will be the property manager as well as providing an on-site activities coordinator. They have also shown their commitment to Peakview Trails by providing project based vouchers.
Peakview Trails will include the following E-Star rated amenities: central A/C, refrigerator, dishwasher and washing machine. Each unit will also include a stove/oven, built-in microwave, garbage disposal, dryer, walk-in closet, patio/porch, balcony, cable and Internet connections. Additionally the on-site manager and activity coordinator will help ensure that the following community amenities are available: a clubhouse/community room, library, computer lab, business center, two elevators, picnic/BBQ area, raised garden beds, walking trails and ample surface parking.
Peakview Trails, an affordable tax credit apartment community in the City of Greeley, Colorado, will provide a total of 96 units with a mix of both one- and two-bedroom options. Four Corners anticipates having site plan approval by July and being able to start construction in November 2016.
About Four Corners Development, LLC
Four Corners Development, L.L.C. brings together a partnership of four individuals who have been very active in the real estate market and presents a capable, well-rounded team that is focused on serving the housing needs of seniors and low to moderate income working families. We identify communities with a strong need for housing and work together with community leaders to provide not only housing solutions to meet the city's needs, but also jobs to the local economy. Our philosophy focuses on building efficient and sustainable quality housing with useful amenities, which in turn, provide a foundation for strong communities. Four Corners Development, L.L.C. encourages the participation of minority- and women-owned businesses. Visit www.4cornersdevelopmentllc.com for more information.
Contact: Ryan Hamilton, Presiding Manager
Company: Four Corners Development, LLC
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SOURCE Four Corners Development, LLC