New name for land trust
The Lowry Community Land Trust has changed its name to reflect its new metro and statewide focus.
The new organization, called the Colorado Community Land Trust, is partnering with developers, municipalities and nonprofit groups to provide workforce housing across the state.
The trust’s first non-Lowry partnership is with the city of Denver and Hope Communities on the 31st Street Townhomes in the Five Points neighborhood. Prices for the eight homes start at $109,000. The trust has sold 115 affordable homes in three Lowry neighborhoods. Another 72 townhomes are under construction in Lowry’s EastPark neighborhood.
Shock Hill reservations
Ten Peaks Sotheby’s will start taking reservations Tuesday for residences at the Shock Hill Lodge & Spa in Breckenridge.
Located at the midway station of the new BreckConnect gondola, the development features one-, two- and three-bedroom condos, as well as penthouse suites. Preconstruction pricing is from $1.1 million to $2.75 million.
CSU landscape winners
Colorado State University students Meghan Oren and Chad Witney won a landscape design competition at Centerra, a planned community in Loveland.
Starting last fall, five pairs of CSU students participated in the process. They created flower bed designs according to Centerra’s design guidelines and budget. The winning flower beds were planted in May by ValleyCrest Landscape Development.
Wheat Ridge on TV
The city of Wheat Ridge has started airing planning commission meetings live on Wheat Ridge Channel 8. The meetings are scheduled for 7 p.m. the first and third Thursdays of each month. They will be replayed on Channel 8 until the next regular meeting.
National mortgage rates hold steady
National rates on 30-year mortgages were unchanged last week as new economic data did not change the views of markets about inflation. Mortgage company Freddie Mac reported Thursday that 30-year fixed-rate mortgages averaged 6.73 percent this week, same as the week before. 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 5.00 percent. The Cost of Funds Index for May from the Federal Home Loan Bank (11th District) was 4.293 percent.
Staff writer Margaret Jackson can be reached at 303-954-1473 or mjackson@denverpost.com.
