Community Housing Resource Development: Denver, CO Colorado
NSP Home Sold in the Valley

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NSP2 Funds Help a San Luis Valley (Monte Vista) family’s Dream of Homeownership Come True

San Luis Valley Community Resources and Housing Development Corporation sold its first home through the Neighborhood Stabilization Program.  Armando and Crystal Bolanos closed on their new home in Monte Vista on July 22nd.  

 

The following week, both new homeowners were beaming inside their new house. When asked about moving into their new home, Victoria Bolanos could hardly contain her excitement. “We are extremely happy with our newly remodeled dream home,” she says.

 

The parents’ excitement may be slightly outshone, however, by that of their two children, Victoria and Armando Jr., who are already busy thinking of ways to decorate their new spaces.  “I am so happy to have my own room with privacy,” says Victoria. Armando Jr. is looking forward to having a place for his own things, namely his football collectibles. “I am looking forward to decorating my room the way that I want to,” he says.

The Bolanos’ new home is part of the federal Neighborhood Stabilization Program (NSP). Through this program, CRHDC was awarded funds to purchase foreclosed properties and renovate or rebuild them before selling them to low and moderate income families.

According to CRHDC’S Corporate Program Coordinator, Ty Coleman, “NSP2 enables us to address homeownership and several other concerns in the community at the same time. By completely remodeling abandoned homes, we are creating construction jobs for local contractors and providing a boost of revenue to the local building material suppliers and other participating vendors.”  He says the goal of the organization is to maximize the NSP2 funds by creating more affordable homeownership opportunities and jobs in the San Luis Valley over the next year. 

 

 

 

Jason Luna, CRHDC’S NSP2 Project Coordinator, is proud of the work the agency is doing on these homes. “It’s definitely exciting to see the whole process once it’s come full circle,” he says.  “From acquiring the foreclosed, dilapidated home, to searching for contractors to rehab it up to CRHDC’s standards, to finding a family that fell in love with the finished product.  The entire process was very rewarding for all involved.”

To date, CRHDC has acquired 8 homes as part of the NSP program in the San Luis Valley. One additional home is fully complete and listed for sale and others are in the process of being rehabbed to put on the market. The program is certainly highly recommended by the Bolanos. “More than anything, we would like to thank the CRHDC staff for helping us through the entire home-buying process,” said Armando Sr. “We would recommend the program to anyone who is thinking about purchasing a home.”

CRHDC is a 501c3 nonprofit agency that helps low and moderate income families achieve self-sufficiency through a variety of programs. For more information about NSP homes and other programs offered by CRHDC, please contact Ty Coleman at 719-589-9495 or email ty@crhdc.org.

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