Rocky Mountain Community Land Trust

Looking for something to do tonight? How about FREE class for Wills and Living Trusts? Might be worth checking out!

https://m.facebook.com/story.php?story_fbid=868961358594588&id=100064421962805

Free Wills & Living Trusts Class at Pikes Peak Library District - East Library Our complimentary events are located at Pikes Peak Library District - East Library.

Homeowners! Don't forget to RSVP to our Backyard BBQ! Community, fellowship, food and fun! See you on the 10th!

Community Partnerships create a great community.
Colorado Springs Utilities awarded Rocky Mountain Community Land Trust a $6000 Community Focus Fund (CFF) grant. Funds will go towards replacing two wooden windows, purchasing energy efficient appliances, LED fixtures, and low water usage toilets at one of our locations. Affordable housing is a critical challenge in Colorado Springs. We leverage funds to invest in properties with low-income families, lowering the purchase price and making the mortgage payment affordable.

Did you know that even if you only receive non-taxable income, like Social Security or Disability, you can still file for the Colorado TABOR refund? Here is an article with more details. Spread the word, don't miss out!

Tax Credits — Get Ahead Colorado federal and state Tax Credits Learn about the TABOR refund, Child Tax Credit, Earned Income Tax Credit, and other tax credits that help Coloradans get ahead. Federal Credits State Credits Student Credits Taxpayer’s Bill of Rights (TABOR) It’s not too late to claim your TABOR refund by October 15...

GPR II Properties Expands Affordable Housing in Colorado Springs!

We are so proud to be part of this amazing addition of affordable housing to our Colorado Springs Community, if you are wondering where Rocky Mountain Community Land Trust fits in this project, we are the R in GPR (Greccio Housing, Partners In housing and Rocky Mountain Community Land Trust). After a 15-year struggle to get all the necessary funding, land and processes in place, the Bentley Commons affordable housing complex is expanding from 24 units to 192 units. With the help and incredible support of our partnering financial institutions, local and state housing agencies and governing boards we will be building 6 more buildings and a green space in a location that is close to grocery stores, schools and bus routes. We are so excited to invest in a development that will serve our City for years to come.

Originally Bentley Commons was a 24-unit project developed to be a luxury condominium project, however with the 2007 global financial crises the developer of these units lost the complex to bankruptcy. Fueled by the global recession Congress enacted the Housing and Economic Recovery Act of 2008 and from it the Neighborhood stabilization Program emerged making it possible for GPR to purchase Bentley Commons. The abandoned condos were quickly fitted to serve low to moderate income families in accordance with the Neighborhood Stabilization Program’s income restrictions. The dream was always to expand the number of affordable dwellings by building more units on the premises.

Once the additional 168 units are built, there will be a total of 192 apartments to be made up of 60 one bedroom, 105 two bedroom and 27 three-bedroom units. These apartments will have 27 units for incomes at 30% of AMI and below, 19 units at 40% AMI, 102 units at 50% AMI and 44 units at 60% available to families and individuals who meet these income guidelines and 8 units will be exclusively for VA Supportive housing vouchers. For perspective below is a chart representing the 30%-60% annual AMIs for Colorado Springs based on the huduser.gov website.

Colorado Springs
HUD Metro FMR Area $105,100

AMI% Persons in Family
1 2 3 4 5
60% $40,950 $46,800 $52,650 $58,500 $63,188
50% $34,150 $3,900 $43,900 $48,750 $52,656
40% $27,300 $31,600 $35,100 $39,000 $42,015
30% $20,400 $23,400 $26,325 $29,250 $31,594

On January 30 of this year, 15 years of hard work came to fruition at the ceremonial groundbreaking, and we are so excited to see this development blossom.

We are doing a bit of research here in the RMCLT office. Take a look at this Deed that was recorded here in El Paso County, CO in 1982. Someone bought their brand new home with a loan that had an interest rate of 12.00%. It seems insane when we saw people last year get loans with 2% interest rates. It's also a reminder that our current interest rates could be worse. :)

All homeowners have emergencies to take care of. Randi got to dig out RMCLT's outside sewer line cleanout tonight so a plumber can get to it tomorrow. In the meantime we are lucky to have fabulous friends next door at Palace Homes and Pass It On Inc who let us use their bathroom.

Just working to get the word out about foreclosure help. :)
https://m.facebook.com/story.php?story_fbid=426877849483029&id=100064824513223

Colorado continues emergency mortgage assistance plan for homeowners at risk of foreclosure due to COVID-19 pandemic - KRDO COLORADO SPRINGS, Colo. (KRDO) -- State officials created a program to help tenants who struggled to pay rent during the COVID-19 pandemic, and now a similar program is in place for homeowners. The program, under the Department of Local Affairs, is called the Colorado Emergency Mortgage Assistance P...

June is National Homeownership and LGBTQ Pride Month. Did you know Colorado's Fair Housing laws protect us on the basis of Sexual Orientation (which is statutorily defined as "including transgender status" - i.e. Gender Identity)?? https://youtu.be/VMRdSaJuPZQ