BOULDER – Developers announced on Wednesday that Google has invested $41.7 million in bonds that will help finance not only the conversion of 238 apartments in Boulder to permanently affordable units but also extensive renovations to each one. New Jersey-based affordable-housing developer The Michaels Organization has been teaming with local
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Chicago firms buy major stake in S’PARK development in Boulder
BOULDER — Two Chicago firms have purchased a major stake in the redevelopment of the former Sutherlands lumber yard site at 3390 Valmont Road, effectively buying out the Sutherland family’s stake in the $100 million mixed-use “S’PARK” project that is slated for demolition work to begin in the coming months.
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City of Boulder designates $8.25 million to preserve affordable housing in innovative public-private partnership
The City of Boulder announced today that it has allocated $8.25 million from the city’s Affordable Housing Fund to Element Properties and Allison Management in order to acquire and rehabilitate affordable housing stock that otherwise would have been subject to significant market increases.