BHP also announced the award of highly competitive state tax credits
to help finance the Mount Calvary
senior apartment community in south Boulder. The award is for $662,227 in state Affordable Housing Tax Credits and $1,180,147 in 4% state Low-Income Housing Tax Credits.
The Mount Calvary development features 60 apartment homes with one and two bedrooms for residents ages 55 and older, including 15 homes for older adults exiting homelessness in supportive housing apartments.
"Of those BHP currently serves in our supportive housing programs, over 50% are older adults, and we continue to see seniors making up a significant portion of those experiencing homelessness in our community," said Jeremy Durham. "This redevelopment will provide vital homes for older adults who are a critical part of our community fabric."
Comprehensive resident services will be offered at all apartment homes in addition to supportive services provided by the Boulder Shelter for the Homeless. The former church sanctuary building will be renovated into community space while its lower level will be renovated for the Rainbow Child Care facility to resume their community-based daycare program. BHP plans to break ground mid-2022.