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Littleton Council approves $500,000 to help close financing gap for Montview Flats affordable housing
Summary
The City Council voted unanimously to grant $500,000 from the city's housing fund to South Metro Housing Options for the Montview Flats project, citing prior contributions and the project's role in meeting Littleton housing goals.
The Littleton City Council voted unanimously March 18 to provide $500,000 to South Metro Housing Options to help close a financing gap for the Montview Flats affordable housing project.
Council members approved a resolution directing the funds from the city's housing fund, which is financed in part by inclusionary-housing fees and prior ARPA allocations. The contribution follows an earlier $1 million city commitment used to help acquire the project site.
The funding request was presented by Corey Ritz, executive director of South Metro Housing Options (SMHO), and Kathleen Osher, deputy city manager.…
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