FreshLoAdmin – FreshLo Denver https://freshlodenver.com Montbello Affordable Housing Development Wed, 01 Mar 2023 21:41:20 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 Community Groundbreaking to Celebrate Phase I of the Montbello FreshLo Hub https://freshlodenver.com/2023/03/01/community-groundbreaking-to-celebrate-phase-i-of-the-montbello-freshlo-hub/ Wed, 01 Mar 2023 21:35:29 +0000 https://freshlodenver.com/?p=6502 Denver Mayor Michael Hancock and community leaders will discuss the importance of

new mixed-use development that includes affordable housing, a local grocery,

an arts education center, and more

WHEN:               Thursday, March 2, 2022

  • Community celebration                                                           10-10:30 a.m.
  • Presentations by community members and leaders               10:30-11:15 a.m.
    including Denver Mayor Michael B. Hancock                         
  • Ceremonial groundbreaking                                                 11:15 a.m.                   Rain or Snow. Tents and heaters will be provided.

WHERE:             12444 E. Albrook Drive, Denver, CO 80239 (former site of RTD Park & Ride)

WHAT:            Community groundbreaking ceremony for Phase I of the Montbello FreshLo project (called the Montbello FreshLo Hub) – a community inspired and directed project that will create a space for residents to live, shop, convene, experience art, improve their health and more. Phase I includes a six-story building with 97 affordable housing units ranging from one- to -three bedrooms for individuals and families living at 30% and 50-70% AMI. The building will also house a mental health center, office and retail space on the first floor. Construction of Phase I is expected to be completed in late 2024. Phase II will feature a grocery store, a cultural arts education center, and a business incubator.

WHO:             The Montbello FreshLo Hub is a community inspired and driven project in which thousands of Montbello residents have participated with the goal of improving the quality of life for everyone in the community.

The project team includes:

Developers: Montbello Organizing Committee and FLO Development Services, LLC

Architects and Engineers: The Roybal Corporation with Van Meter Williams and Pollack, LLP; Desibl Studio

Tax Credit Consultants: S.B. Clark Companies

General Contractors: Alliance Construction Solutions and Gilmore Construction Corporation–A Joint Venture; Gilmore Construction Corporation

Partners: Colorado Black Arts Movement DBA FreshLo/ARTS, WellPower, Daily Table, Montbello Building Community Wealth Center

FUNDING:      The overall Montbello FreshLo Hub project budget is estimated at $85 million and consists of a diverse mix of capital sources:

  • LIHTC (Low Income Housing Tax Credits)
  • NMTC (New Markets Tax Credits)
  • Construction Loans

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  • Government Grants
  • Philanthropic Contributions
  • Impact Investments

Funders, donors and impact investors who have contributed to the Montbello FreshLo Hub include:

  • AJL Foundation
  • Anonymous
  • Bonfils-Stanton Foundation
  • Burgess Services
  • Citi Community Capital
  • City and County of Denver
    • DEDO
    • HOST
  • Colorado Creative Industries 
  • Colorado Division of Housing
  • Colorado Enterprise Fund
  • The Colorado Health Foundation
  • CHFA (LIHTC and Capital Magnet Fund)
  • Colorado Office of Economic Development and International Trade (ARPA)
  • The Colorado Trust
  • The Denver Foundation
  • FLO Development Services, LLC
  • Gates Family Foundation
  • Impact Development Fund
  • Kaiser Permanente    
  • Kresge Foundation
  • Mile High Connects/SPARCC
  • Montbello Organizing Committee Board of Directors
  • Montbello Organizing Committee Staff
  • Rhondda Grant Family Fund of The Denver Foundation
  • U.S. Bancorp Community Development Corporation
  • U.S. Department of Housing and Urban Development

ABOUT MONTBELLO ORGANIZING COMMITTEE (MOC):              

Montbello Organizing Committee’s mission is to galvanize Montbello residents and provide them with the tools and resources necessary to develop their leadership skills to proactively address the issues affecting their community and quality of life. To learn more, visit www.montbelloorganizing.org  or on Facebook, Twitter and Instagram @MontbelloOrg.

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Press Videos https://freshlodenver.com/2021/08/09/press-videos/ Mon, 09 Aug 2021 23:18:15 +0000 https://freshlodenver.com/?p=6447
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Denver Police Set Up Community Outreach Event In Montbello Neighborhood https://freshlodenver.com/2021/08/09/denver-police-set-up-community-outreach-event-in-montbello-neighborhood/ Mon, 09 Aug 2021 23:15:44 +0000 https://freshlodenver.com/?p=6445 DENVER (CBS4) – Denver police spent time in the Montbello neighborhood on Saturday to get involved with the community in a positive way. The area is a known hot spot for crime in the city.

Police hope to change that by taking a new community-centric approach.

(credit: CBS)

Officers had conversations with residents about crime prevention, introduced them to police on horseback and the mobile crime lab unit.READ MORE:Denver Urges Community Involvement, Police Engagement To Combat Violent Crime

“It lets know people know that the people who are protecting us are just individual human beings just like we are,” said Greg Hatchett. “I think this is a great opportunity for the police and the neighborhood to get together and get to know one another. I know that there’s a lot of fear sometimes about the police, but I think this is a great program.”

(credit: CBS)

Bicycles, backpacks, food and COVID vaccines were all given away for free.

The area near 47th Avenue and Montbello Boulevard is one of five crime hot spots identified by Denver Police. Four officers are assigned to the neighborhood full-time, seven days a week.

Read full article here: https://denver.cbslocal.com/2021/08/01/montbello-denver-police-community-outreach/

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Denverite: Montbello FreshLo, the long-awaited grocery store/affordable housing project, just took a big leap toward funding https://freshlodenver.com/2018/09/16/montbello-freshlo-the-long-awaited-grocery-store-affordable-housing-project-just-took-a-big-leap-toward-funding/ Sun, 16 Sep 2018 07:04:18 +0000 http://vergo.me/demo/essential-elements/?p=4621 The neighborhood group behind the project expects it will break ground sometime in January.

The finishing line for a long-awaited Montbello community project centered around affordable housing and an accessible grocery store is in sight.

Denver City Council has agreed to reserve $19 million for the Montbello FreshLo project, which will include housing, a supermarket, retail stores and a cultural center.

The funding will come from the city’s Private Activity Bond, which has funded other affordable housing endeavors, including the Mariposa Development project. Private Activity Bonds are tax-exempt bonds used to attract private investments for public benefit projects, i.e. affordable housing.

The massive community project has been in the works since 2018 and was initiated by the Montbello Organizing Committee, a registered neighborhood organization.

Donna Garnett, executive director of the MOC, said the project was born from necessity: Most Montbello residents live about four to five miles from a grocery store.

The Hub, as the project is dubbed, will be a 7-story building comprised of 97 one-, two- and three-bedroom affordable housing units. A majority of the units (55, to be exact) will be for those making 60% of the area median income.

“This project will be owned by the community, not a developer,” Garnett said. “We want this to be an antidote for gentrification. And we want the people who have lived in this community for two, three generations to stay.”

The building will also hold a two-level grocery store, several retail spaces and a cultural hub that’ll include performing art space. And yes, there will be parking.

The project will cost around $55 million to $57 million, with funding coming from various lenders, grants, investors and potentially Denver if City Council approves, Garnett said.

She said the deadline for funding proposals from potential investors and lenders is May 26. She said the project will hopefully break ground in January.

The Hub will take up the 1.39-acre lot at 12300 East Albrook Dr., which was purchased by the MOC for $600,000 in February 2020. The site used to be the Montbello Park-n-Ride, which closed in April 2016.

Garnett said the Hub will be in the heart of the residential area of Montbello, which will ease commutes to outside grocery stores for residents.

She also said that the building will be constructed by Montbello residents.

“There will be about 120 jobs during construction, and our goal is to hire people from the 80239 zip code,” Garnett said. “We’re already working on training programs to help people get prepared. And when the building is built, there will be about 70 to 100 new jobs, and we want people from the community to work here.”

According to Julie Smith, the city’s Department of Finance’s communications director, City Council will consider whether to approve the bond in the fall.

Until then, Garnett said the MOC will continue to look for funding and stoke interest in the project.

“This project is unique,” Garnett said. “I like to say we’re an example of a community who said they were tired of waiting to be rescued, so we’ll rescue ourselves. We’re passionate about Montbello, and it’s important for folks to know we built this.”

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Denver council committee approves $700K loan for Montbello cultural hub https://freshlodenver.com/2018/08/14/denver-council-committee-approves-700k-loan-for-montbello-cultural-hub/ Tue, 14 Aug 2018 10:16:54 +0000 http://themes.wpbox.net/written/?p=40 Montbello project aims to end supermarket scarcity and affordable housing

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By: Jessica PorterPosted at 7:01 PM, Aug 26, 2020 and last updated 10:04 AM, Aug 27, 2020

DENVER — After years of trying to get a grocery store chain to open up shop in the Montbello community, organizers have decided to take things into their own hands.

A Denver city council committee approved a seven-year term, $700,000 loan agreement with the Montbello Organizing Committee to acquire an old RTD bus station for a new cultural hub called Montbello FreshLo.

The massive complex, if the loan is approved by the full council, will house a grocery store, 96 affordable housing units and office space.

It would be located in a vacant lot near 46th and Peoria.

“The need for access to fresh food, affordable housing, the need to honor and respect diverse cultures in our community,” Donna Garnett with Montbello Organizing Committee said. “We are already exploring ways in which we can supplement the cost or offset some of the cost-per-square-foot so local men and women can afford to do their business.”

The project will cost about $54 million total to complete, Garnett said, though the bill said projected costs run around $32 million for the development.

Most of the funding will come from grants, loans and tax credits.

Construction will begin early next year and would be expected to be complete by the summer of 2022.

The resolution will next head to the Mayor Council and will be scheduled for a full council hearing on Sept. 14.

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