The Denver Office of Economic Development has $12 million in foreclosure-redevelopment funds available for affordable-housing developers. The office is accepting loan applications for the redevelopment of foreclosed multifamily properties in Denver through the Neighborhood Stabilization Program 2.
Projects must include five units or more, be under single ownership and located in one of the following NSP2 eligible neighborhoods: Montbello, Green Valley Ranch, Northeast Park Hill, Elyria Swansea, Cole, Clayton, Chaffee Park, Globeville, Sunnyside, West Colfax, Villa Park and Westwood. Projects in additional neighborhoods may be eligible on a case-by-case basis.
More information and application materials are available at . Applications will be accepted until Aug. 31 or when all funding has been obligated, whichever comes first. Margaret Jackson, The Denver Post
