NHP Foundation and Town of Frisco Break Ground on Affordable Housing Project and Open Workforce Housing Development
The NHP Foundation (NHPF), in partnership with the Town of Frisco, has marked two significant housing milestones by breaking ground on The Bella and opening The Scout. These developments will provide a total of 106 affordable and workforce homes to address rising housing costs in Colorado’s mountain communities. The Bella is NHPF's first Low-Income Housing Tax Credit (LIHTC) development in the state, offering energy-efficient apartments for households earning between 30% and 80% of Area Median Income. The Scout serves as a model for workforce housing with rents capped at 120% AMI to support local employees such as teachers and healthcare workers. Both projects were made possible through collaboration involving state funding, tax credits from the Colorado Housing and Finance Authority (CHFA), construction financing from U.S. Bank, permanent financing from Cedar Rapids Bank & Trust, and grants from various public entities.
Topics: affordable housing community development partnerships workforce housing