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Littleton council approves $500,000 from housing fund to help close financing gap for Montview Flats
Summary
The council unanimously approved a $500,000 contribution from the city's housing fund to help South Metro Housing Options complete financing for Montview Flats, a 50‑unit affordable rental project; council and staff discussed funding sources, project costs and contingencies before the vote.
The Littleton City Council voted unanimously on March 18 to approve a $500,000 contribution from the city's housing fund to help South Metro Housing Options (SMHO) finish the financing for Montview Flats, a proposed 50‑unit affordable housing development.
“Just to be clear. The request is for $500,000 to contribute to completing that capital stack and then moving to close on Montview Flats,” said Corey Ritz, executive director of South Metro Housing Options, during the council’s general business discussion. He said…
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