Immaculata Plaza, a housing project serving the needs of seniors, has recently broken ground on a significant expansion of its Greeley facility. Located on land previously owned by the Greeley Urban Renewal Authority (GURA) at 923 6th Street, the expansion adds another 30 units bringing the total number of affordable units on the campus to 55. In addition to the land contribution from GURA, the project received a portion of the City’s Private Activity Bond allocation and $750,000 worth of HOME Investment Partnership Program grants, also administered by GURA.
A groundbreaking ceremony was held on August 11. When finished, the nearly $14 million project will house seniors aged 62 and over who qualify as extremely low-income under the terms of the Section 8 contract.
“Those are folks who typically have less than 30% of the effective Area Median Income (AMI). Maybe they’re getting Social Security or disability income, but that’s it,” said Justin Raddatz, Vice President of Development for Archdiocesan Housing, Inc.
The new units are expected to be ready in fall of 2023.
Key participants:
- Justin Raddatz, VP of Development for AHI – Welcome and Opening Comments
- Darren Walsh, CEO of Catholic Charities
- Benjamin Snow, Director of the Department of Economic Health & Housing
- J.R. Salas, Manager with the Greeley Urban Renewal Authority
- Enita Hout, Regional Director for Catholic Charities and Operator of the Samaritan House
- Joshua Johnson, Senior Vice President with ANB Bank
- Becky Christoffersen, Chief Investment Officer for Midwest Housing Equity Group
- Tom Teixiera, Executive Director for the Greeley/Weld Housing Authority
- Justin Raddatz, Acknowledgement of Stakeholders
- Fr. Bob Blessing
