Community Resources and Housing Development Corp.(CRHDC)
Vista Verde II Townhomes, Hayden, CO
$410,000 Permanent Multifamily
Purpose: Multifamily Rental Conversion to affordable single family homeownership
This five year mini-perm loan will refinance 20 CRHDC-owned 3 bedroom affordable rental housing units that were at risk of converting to market rate, decreasing an already short supply of housing that’s affordable.
CHC’s financing provided CRHDC with the time to transition the units to home ownership while preserving affordable housing opportunities for local “moderate income” families. Hayden, CO is an extremely rural community with a history dating back to the 1800’s.