Denver offering $12M in stimulus loans to redevelop foreclosed apartments
Posted on Tue, Jun 08, 2010
To qualify for the loans, a multifamily project must have five units or more - which makes it an apartment complex - and be located in eligible NSP2 neighborhoods. Those residential areas include Montbello, Green Valley Ranch, Northeast Park Hill, Elyria Swansea, Cole, Clayton, Chaffee Park, Globeville, Sunnyside, West Colfax, Villa Park and Westwood.
Projects in other areas might be eligible, on a case-by-case basis, according to the OED. View full article
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