Kevin Knapp - Vice President of Ulysses Development Group Our first presentation on the 18th was from Kevin Knapp, Vice President of Ulysses Development Group and adjunct instructor at the University of Colorado. Mr. Knapp gave us details of a project he has been working on for the past three years called Harvest Hill. This affordable housing development in Broomfield aims to provide 152 high-quality, one-, two-, and three-bedroom low-rent units for residents earning between 30-70% of the Area Median Income (AMI). Rents will range from $700/month up to $2200/month. The project, located near the 1st Bank Event Center, is set to begin construction in 2024. It will feature amenities such as a community room, courtyard spaces, a playground, and electric vehicle charging stations. Designed to be transit-oriented, it will offer easy commute options for future residents. The total project cost is approximately $62.5 million, funded by various sources including the Broomfield Housing Authority, tax credits, grants and loans from the State of Colorado, and private investors. On July 30, at the city council meeting, Mr. Knapp will be requesting the final $2.5 million needed from the city to support the project, emphasizing that without this funding, the project cannot proceed. |