Multi-Family Affordable Housing

The Housing and Community Vitality Department manages the City’s investments in developing affordable multi-family housing by leveraging diverse funding sources including the HOME Investment Partnership Program, Community Development Block Grant (CDBG), and Private Activity Bonds.

The department’s strategies for the creation and preservation of affordable housing include:

Development
Acquisition
Rehabilitation
Conversion

For total number of units created annually, and other data, review our latest update to the City’s housing plan, HomeCOS.

Workforce Housing

Creates opportunities for rent-burdened households with moderate incomes.

Shooks Run

Construction completed in 2021
Partnered with: Colorado Springs Housing Authority
40 apartment units
One, two, three bedroom units
Rent range: $385 to $1,169
Total Project Cost: $12.9 million
City Funding tools: HOME

Senior Housing

Provides affordable age-restricted units. Many senior housing projects offer community activities, amenities and services specifically directed to this population, such as social events, fitness centers, on-site food pantries or visiting on-site medical care.

Atrium at Austin Bluffs

Construction completed in 2021
Partnered with: Greccio Housing
54 apartment units
One and two bedroom units
Rent range: $437 to $1,050
Total Project Cost: $13.6 million
City Funding tools: HOME, PAB

Permanent Supportive Housing

Combines affordable housing assistance with support services, to address the needs of chronically homeless households. Permanent Supportive Housing can allow individuals and families to focus on finding employment, budgeting scarce resources, or overcoming substance abuse issues.

Greenway Flats

Construction completed in 2019
Partnered with: Springs Rescue Mission
65 apartment units
Efficiency units
Rent range: 30% of tenant income
Total Project Cost: $14.6 million
City Funding tools: HOME

Strategies

Examples