Littleton Crossing – Is it good or bad for downtown Littleton?

I guess this is the next controversy in Littleton – an apartment complex on Nevada St just north of downtown Littleton.  The project will provide workforce housing and the developer will be getting a tax credit of $1,200,000 per year for 10 years by partnering with South Metro Housing Options (formerly Littleton Housing Authority).  The partnership will make this property tax-exempt depriving Littleton of the use tax during construction and property taxes for the ten years of the tax credit.

Here are some documents that might be of interest.

Colorado Housing Finance Authority letter of agreement with SMHO and commitment for Section 8 housing in Littleton Crossing summit-hud-section-8-priority-commitment-letter-5-20-2016-5

Letter of support from Jocelyn Mills, Community Development Director of Littleton 07-letter-of-support-from-the-city-of-littleton-1

Kent Bagley and Norm Stucker write letter of support 22-letter-to-chfa-from-norman-stucker-and-kent-bagley

Colorado Housing Finance Authority award to Summit ltn-crossing-2016-round-2-award-report

Apparently the citizens that wrote letters of opposition did not get their letters included in the packet of material that went to the board prior to awarding Summit with their tax credit.  As this subject comes into focus I will add more info.

 

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