CONTACT: Traci West, Strategic Communications Manager | twest@voa.org
MONTROSE, Colo. DECEMBER 12, 2024 – Volunteers of America National Services (VOANS) recently received an allocation of State and 4% low-income housing tax credits (LIHTC) from Colorado Housing and Finance Authority (CHFA) for the development of Rendezvous, VOANS’ fifth development financed with the State LIHTC in Colorado.
Rendezvous will be a development of two adjacent properties into one new affordable housing community; construction of a new 22-unit apartment building and renovation of an existing 30-unit building formerly known as Pavilion Gardens. The development is designed to address the demographic shift of Montrose’s aging population by offering housing options for low-income older adults age 55+ on the western slope of the Montrose community.
The development will feature a variety of modern, energy-efficient units designed to meet the needs of seniors looking for affordable, comfortable living spaces inclusive of a beautiful outdoor commons area among the buildings, raised garden beds, a covered shelter, and a grill. Interior apartment features will include walk-in showers, in-unit washers/dryers, quartz counter tops, and the new units will offer balconies. Additionally, Rendezvous will elevate its energy-efficient affordable housing initiatives with sustainable features that reduce utility costs including high-quality indoor air ventilation system, and energy- efficient light and plumbing fixtures. The community will be certified to Enterprise Green Community 2020, WELL Building, and ENERGY STAR MFNC standards.
Rendezvous is an affordable one- and two-bedroom apartment home community for older adults who earn 30% to 60% of the Montrose County area’s median income, approximately $20,000 to $45,000. Volunteers of America Colorado will provide property and case management services on-site. An on-site service coordinator will connect residents to essential programs and resources in the community, with an emphasis on healthy aging. VOANS is a nonprofit subsidiary of Volunteers of America, created as the sponsor and parent entity for new Volunteers of America housing development projects. VOANS has a long history of operating affordable housing and healthcare communities in Montrose.
VOANS closed on its financing and broke ground for the new development in October. The property will provide a beautiful service-enriched environment for residents to thrive and age in place with dignity. Additional financing will be provided by tax exempt bonds, equity from US Bank, a construction loan from US Bank, the Colorado Division of Housing and support from the Montrose County Housing Authority.
“From the leadership of the Montrose City Council, down through our planning and development staff, improving access to obtainable housing has remained a constant priority year after year in Montrose,” said City of Montrose Public Information Officer, William Woody. “The City of Montrose will always remain a willing participant to work with our local partners, like Volunteers of America National Services, to develop new housing opportunities wherever we can, so others can come discover and realize why we love to call Montrose home.”
“We are proud to offer this much-needed high-quality affordable housing development for Montrose’s senior population,” said Doug Snyder, the vice president regional real estate development for VOANS. “This project is not just about providing a roof over residents’ heads—it’s about creating a community that fosters independence, well-being, and a high quality of life. With the assistance of the State Division of Housing and the City of Montrose, we’re able to bring this vision to life.”
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About Volunteers of America National Services
VOANS, part of the Volunteers of America family of organizations, provides affordable housing and healthcare services in over 40 states in Puerto Rico. The organization employs over 2,800 professionals who provide high quality services and care to our clients. As one of the largest non-profit affordable housing owner/operators in the nation, the VOANS portfolio includes over 240 properties and 15,000 affordable housing units. VOANS also operates over 46 senior healthcare programs, including skilled nursing, assisted living, home health care, adult day and Program for All Inclusive Care for the Elderly (PACE). For more information on VOANS, please visit our website at www.voans.org.
About Volunteers of America Colorado
Volunteers of America of Colorado engages individuals and families in need of making and maintaining positive life changes through 50 human service programs and serving more than 150,000 Coloradans each year. We provide affordable housing and supportive services to homeless veterans, individuals and families as well as low income seniors. Our work touches the mind, body, heart, and ultimately the spirit of those we serve. VOA integrates compassion with highly effective programs that build and strengthen communities.
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