Apr 8, 2019

WINDSOR, CO — The Loveland Housing Authority (LHA), in partnership with the Windsor Housing Authority (WHA), has selected Pinkard Construction Company as construction manager/general contractor to construct the Golden Meadows Senior Apartments in Windsor.

Golden Meadows Senior Apartments will be a 90-unit, two-story independent living housing development, designed to serve moderate and low income senior households. Pinkard is currently conducting feasibility studies with architect WORKSHOP8 and modular construction consultant Prefab Logic to consider the possible benefits of modular construction. Final unit numbers for the project will be determined by the time and cost savings afforded through a prefabricated, modular construction approach.

The apartments will be constructed on 5.2-acres located immediately north of the existing Windsor Meadows multi-family apartment development along the west side of 15th Street in Windsor. The portion of the site that will accommodate the proposed 90-unit senior housing development is being platted into two individual lots, to allow the Project to be developed in two construction phases if required by funding limitations. Lot 1 will contain 60 units of housing and all common lobby and other facility programming amenities. Lot 2 will contain the remaining 30 housing units.

The project is intended to meet the needs of income-qualified seniors whose incomes range between 30% and 60% of the Area Median Income (AMI). It will be funded through the federally-sponsored Low Income Housing Tax Credit (LIHTC) program, requiring all households residing in the rental units to be at or below 60% of the Area Median Income. Additional funding will be provided through a combination of Town of Windsor fee waivers and other considerations, Federal and State grants, a long term commercial mortgage, and WHA equity. Preliminary construction estimates for the 90-unit project are approximately $18,000,000, plus site infrastructure.

LHA will submit an application for 9% Low Income Housing Tax Credits in 2020. Construction will begin no later than eight months from the award of the tax credits from CHFA.

The Loveland Housing Authority will serve as the developer for the project and general partner with Windsor Housing Authority. LHA will manage and maintain the facility upon completion.

Pinkard Construction Company is a Colorado-based, family and employee-owned design-builder in business in the Colorado Front Range since 1962. With 14 projects on CSU’s main campus since 1963, Pinkard Construction Company is considered a leader in Colorado higher education construction. Pinkard’s most recent design-build project for CSU – South College Avenue Parking Garage – was just awarded the Design-Build Institute of America’s Design Excellence Award by DBIA’s Rocky Mountain Chapter. In 2003, Pinkard’s Plant Science Building renovation at CSU was awarded Associated Builders and Contractors’ National Excellence in Construction Eagle award; and again in 2012 for CSU’s Morgan Library renovation addition. www.pinkardcc.com

WORKSHOP8 is more than an architecture firm. Our talents and interests lead us to work in urban planning, interior design, graphic design and public art.  WORKSHOP8’s mission is to inspire, enrich and transform lives through values-based design, where every project is the perfect combination of beauty, sustainability, practicality and price.  https://workshop8.us/  

The Loveland Housing Authority’s Development Division is committed to providing new opportunities to make affordable housing an option for individuals and families.  Whether through the purchase of an existing property, the creation of a new community, or by providing assistance to individuals who already own a home, the Division believes everyone should have an opportunity to live in a safe, comfortable, and affordable environment.

The Windsor Housing Authority is a public agency that helps people who meet income and other eligibility guidelines secure affordable, safe, and quality housing in the Town of Windsor. By partnering with individuals and organizations, the Windsor Housing Authority seeks to develop and maintain attainable neighborhood housing for our community.