18 May Phase II Ground Breaking
Ground was broken Friday, May 11 for the second phase of affordable apartments at the Mirasol Senior Community, managed and owned by the Housing Authority of the City of Loveland (HACOL). Phase II will consist of 60, one and two bedroom units with affordable rents available for low to moderate income seniors (55+). The units will each have a washer and dryer, patio or balcony, stove, refrigerator and microwave.
Pinkard Construction Company is heading up the building project with architecture done by Aller.Lingle.Massey Architects P.C. in Ft. Collins. Wells Fargo is partnering on the financing for the project. “We’re pleased to join forces with HACOL and provide more than $22 million in financing for this much-needed affordable housing for Loveland seniors,” said Eric Adams, Wells Fargo’s market president and Business Banking manager for Larimer County. “As part of our overall efforts to maintain strong, healthy communities, Wells Fargo is committed to helping create an adequate supply of safe, quality, affordable housing. Financing these 60 new apartments, which adds to the 49 built in Phase 1, is one example of our commitment. A project of this size and complexity requires a good deal of expertise to put the financing together. I’d like to thank Neal Deaton, Scott Horton and Leslie Houston from Wells Fargo’s Community Lending and Investment team for making this deal a reality.”
The project is expected to be completed by March 2013 Applications will be accepted later this year. Those wanting more information can call the Housing Authority of the City of Loveland at 970-667-3232.