After Financial Missteps, Granby Races to Save Its Flagship Affordable Housing Project

After financial missteps, Granby races to save its flagship affordable housing project

As the first Middle Income Housing Authority project in the state of Colorado, the town of Granby’s Nuche Village was well-supported by both state and local partners at its conception. Nearly eight months into the construction process, homes are nearing completion. However, for-sale units have yet to close, realtors and construction companies have gone unpaid and infrastructure work on the rental units is on pause until the town receives its pro…

Financial limits threaten new affordable housing construction, social housing firms say

Housing corporations caution that they are approaching their financial limits. “If the financing model isn’t revised in time, new housing construction will come to a halt,” says Liesbeth Spies, chair of the umbrella organization Aedes, while presenting the annual figures. The former CDA Minister of the Interior considers this an issue that the new Cabinet must address.