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Housing Catalyst will leverage $5.5 million in state allocated bond money to renovate and expand one of its oldest affordable housing properties. Larimer County commissioners on Tuesday voted unanimously to assign its $5.5 million in private equity bonds to Housing Catalyst, the city of Fort Collins Housing Authority. Kristin Fritz, Housing Catalyst s chief real estate officer, said proceeds from the bonds will be put toward a $16 million renovation and expansion of its 24-unit Village on Impala. That 7.5-acre project won t start for a couple of years, she said. Housing Catalyst s plan includes renovating the existing 24 units at Village on Impala, razing 13 homes on adjacent land, then redeveloping that site into 62 additional units. ....
FORT COLLINS Tonya Frammolino is the new chief financial officer at Housing Catalyst, Fort Collins’ housing authority. She succeeds Duane Hopkins and most recently served as chief financial officer at Detroit development company Broder & Sachse Real Estate LLC. “I am pleased to welcome Tonya to our leadership team,” HC CEO Julie Brewen said in a prepared statement. “Her deep and extensive experience in leading the financial operations of real estate businesses as well as optimizing internal processes will keep us strong as we continue to expand our affordable housing portfolio. I am confident she will provide solid leadership and is an excellent addition to the Housing Catalyst team.” ....
KUNC Alison Perkins, 51, sits on the new couch in her apartment at Mason Place. Perkins lived on the streets for two years before moving into the building in March. Housing insecurity and homelessness were growing issues even before the pandemic, due to Colorado’s population and high cost of living. A supportive housing project in Fort Collins is changing what it looks like to get people housed. Alison Perkins, 51, had gotten used to sleeping outside in freezing cold temperatures after she lost her home due to financial and personal problems two years ago. Each day was a struggle to survive, she said. Finding shelter was her first priority, especially during the winter. Then, a warm meal. Looking for a job or getting mental health care while mourning the death of her son, whom she lost in 2019, were much lower on her to-do list. ....