Community Resources and Housing Development Corporation (CRHDC) is using a multi-million dollar federal stimulus grant to rehabilitate previously foreclosed and vacant homes in Adams County. CRHDC has completed the rehabilitation of the first home ready for sale in Thornton. To celebrate this success, CRHDC in partnership with the City of Thornton will be hosting an open house and ribbon cutting Monday, June 20 from 5:30 – 6:30 PM at 11643 Josephine Circle, Thornton 80233.
CRHDC was awarded $12,494,075 in Neighborhood Stabilization Program funds made possible through the Housing and Economic Recovery Act. The federal grant was awarded on a competitive basis to nonprofit affordable housing developers with the capacity to positively impact housing and community development. The goal of Neighborhood Stabilization Program funds is to remove community blight, stimulate growth, and create opportunities for responsible homeownership. The grant requires all of the homes must be sold to low and moderate income families. As June is National Homeownership Month, CRHDC and the City of Thornton hope this open house will demonstrate the benefits of owning and maintaining a home.
Over the next three years, the federal grant will fund CRHDC’s existing Purchase Rehab Program to acquire, renovate and resell homes in Thornton, Northglenn, Westminster, unincorporated Adams County, and Arvada as well as in the San Luis Valley and portions of Costilla, Saguache and Conejos counties. CRHDC has acquired seven homes in Thornton and 36 other residential properties in the other focus areas.
The three-bedroom, two-bathroom house at 11643 Josephine Circle has been significantly remodeled with energy efficiency improvements, such as low-flow fixtures and attic insulation, a new roof, and new appliances in a newly expanded kitchen. This home is currently for sale and is move-in ready with all systems in working order.
CRHDC is a nationally recognized, award-winning, Community Housing and Development Organization located in Westminster, Colorado. CRHDC has been serving Colorado communities since 1971 and is one of only 96 NeighborWorks Homeownership Centers in the United States. The mission of CRHDC is to provide pathways to housing resources and asset-building opportunities through innovative approaches in providing sustainable and affordable housing, life-skills, and economic development opportunities to benefit low-to-moderate income households. This mission is carried out through property development, financing, education, partnership, and technical assistance. CRHDC works in tandem with cities, community leaders, rural communities, lenders, public and private sector agencies, philanthropic foundations, and corporations to deliver the best practices and services possible.