Find out about Lowenstein’s future
The City and County of Denver and the Denver Urban Renewal Authority (DURA) are proposing the creation of an Urban Redevelopment Area and a Tax Increment Financing Area to assist in the redevelopment of the Historic Lowenstein Theater site.
Area residents will have the opportunity to get background and information about the planned redevelopment and DURA’s role and to provide feedback at a community meeting. The meeting will take place at 7 p.m. Thursday at National Jewish Hospital’s Heitler Hall, Colorado Boulevard and East Colfax Avenue.
Ball opens space detector center
Ball Aerospace & Technologies Corp. opened its new Detector Technology Center on Friday.
The center is part of a multiyear, $65 million expansion of the Boulder company, which designs, fabricates and tests focal planes for space-based satellites and the Hubble Space Telescope.
Layaway homebuying
FrontierLiving has launched two programs aimed at helping homebuyers purchase their first homes.
The Denver home builder is now offering “FrontierLiving 101: Your Guide to the Basics of Homebuying.” The program includes a printed home-buying guide, a website, www.frontierliving.com, and in-person counseling at each FrontierLiving community.
The company also is offering a layaway program that enables a buyer to lock in a price before closing on the home. FrontierLiving will match the buyer’s down payment, up to 1.5 percent of the purchase price of the home. Buyers provide rent or mortgage receipts monthly for up to a year, and FrontierLiving deposits $200 into an account to be used for the down payment or closing costs.
Mortgage rates dip for second week in a row
National rates on 30-year mortgages edged down for a second straight week. Mortgage giant Freddie Mac reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.32 percent last week, down from 6.34 percent the previous week. Below are average mortgage rates in Denver, Adams and Arapahoe counties as of Thursday and the previous 52 weeks. The one-year Treasury bill average reported by the Federal Reserve Bank is 4.76 percent. The Cost of Funds Index for January from the Federal Home Loan Bank (11th District) was 3.347 percent.
