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CHFA Receives $45.1 Million in Stimulus Funds

The U.S. Department of Housing and Urban Development and the U.S. Department of Treasury have awarded Colorado Housing and Finance Authority  a total of $45.1 million in stimulus funds. CHFA estimates the funding  will help finance the construction of 1,800 affordable rental units and create nearly 750 new jobs. The funds are part of the Tax Credit Assistance Program(TCAP)  and…

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Apartment vacancies rise in Denver area

Denver-area apartment vacancy rates rose to a four-year high of 9 percent in the second quarter, marking the sixth consecutive quarter of rising vacancies, according to a report released today. The vacancy rate is more than 45 percent higher than it was a year earlier, when it stood at 6.2 percent, according to the report by the Apartment Association of…

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Denver Ranks No. 45 for Foreclosures

The Denver-Aurora metro area ranked No. 45 in the nation for foreclosures in the first half of the year, the latest sign that while the local real estate market is improving, while much of the rest of the country is still caught in the downward spiral of people losing their homes. A mid-year report released today by RealtyTrac, based in…

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New Town Builders Opposes Solar Panel Hike

The Denver Post today ran an article today  about Xcel Energy’s proposal to increase fees with solar energy panels. New Town Builders, one of the Denver-area’s leading homebuilders in sustainability, opposes the Xcel proposal. “The Xcel proposal to increase fees for homes with solar energy conflicts directly with every governmental initiative in pursuit of sustainability and energy efficiency, on all…

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Pat Coyle named head of Colorado Division of Housing

Housing veteran Patrick Coyle, 56, has been named as director of the Colorado Division of Housing. Coyle, who has worked on housing issues for the state and Denver, most recently as the director of the city’s Road Home program at the Department of Human Services, replaces Kathi Williams, who resigned earlier this year. Coyle previously worked at the Division of…

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Q&A with Patrick Coyle

“My aim is to create stronger partnerships, maintain a disciplined investment strategy for housing development, increase affordable housing resources, and reach out to human services agencies to link housing and support services for at-risk households.”

Zucker named to housing board

Denver developer David Zucker, one of the “greenest” builders in the metro area, has been named to the board of the Colorado State Housing Board. . Zucker joins the board as a representative from Colorado’s 6th Congressional District. Zucker arrived in Denver in 1990. The first condo project on which he worked was the Lofts over the Wynkoop Brewery where…

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Denver homes rank No. 2 in May

Denver-area home, overall, lost 4.6 percent of their value in the 12-month period ending in May, but that was still good enough for No. 2 on the closely watched S&P/Case -Shiller Price Indices released today. “This is good,” said independent broker Gary Bauer. “This is very positive news. Once again, it shows the resiliency of the Denver market.” The Denver…

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Mountain properties hit auction block

What is being described as the only undeveloped  ski-in, ski-out home site in Arrowhead at Vail is hitting the auction block at 2 p.m. on Tuesday. The 2.06-acre lot, with views of Vail Village, Vail Mountain and the Gore Range, will be sold at a private “absolute” auction, along with a 4,856-square-foot, never-occupied home in Buffehr Creek, across from Vail…

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Dee: Denver's Top Realtor

“In a challenging market a lot of the part- time and less- professional brokers get out of the business because it is hard work.”

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