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Council signals support for sale of Fruitdale/Bridal Lofts to Foothills Regional Housing using NOAH funds
Summary
Wheat Ridge council indicated consensus Feb. 24 to pursue a recommended option that would use federal NOAH funds and housing authority loan forgiveness to enable Foothills Regional Housing to buy the Bridal (Fruitdale) Lofts, preserve 16 units of housing and increase long-term affordability.
Wheat Ridge city staff and councilors on Feb. 24 reviewed a proposed purchase of the Bridal Lofts (the former Fruitdale School) and signaled consensus to support a staff recommendation that would use the city’s federal NOAH (Naturally Occurring Affordable Housing) grant funding to preserve the property as long-term affordable housing.
City staff summarized the property's history: the Fruitdale School, designed by Denver architect Temple Buell in 1927, closed as a school in 2007. The Wheat Ridge Housing Authority purchased the property in 2011 and later approved redevelopment converting the building into 16 residential units (Bridal Lofts), which opened in October 2017. The project included energy-efficiency features, solar power and other sustainability elements. The city and the housing authority provided loans and support to get the project built.
Jim Goff (city staff) described current financial distress at the property: developer Hartman Eli Investments (HEI)…
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