City News
This is news from the city of Boulder, about the city or any of its departments
Boulder expands grant assistance available for low- and middle-income home buyers
Aug 22nd
The City of Boulder has joined other jurisdictions in the Metro Mayor’s Caucus in making homeownership more affordable through a non-repaid grant available to low- and middle-income buyers.
The program provides a competitive 30-year fixed-rate mortgage with a grant for down-payment assistance equal to 4 percent of the mortgage amount. Income requirements are less than $91,100 for households of two or fewer persons, and less than $103,000 for three or more.
“This is a great opportunity for qualified individuals,” said Jeff Yegian, acting manager of the Division of Housing. “City of Boulder participation in this program adds another resource to make homeownership in Boulder more accessible to low- as well as moderate- and middle-income households.”
Other conditions for participation include:
- Standard loan guidelines must be met.
- Buyers must have a minimum FICO score of 640 (660 for manufactured homes), and a maximum debt-to-income ratio of 45 percent.
- Buyers must complete a HUD-approved homebuyer education class. The class currently required of buyers for the City of Boulder Permanently Affordable Homes program satisfies this condition.
- Purchasers must occupy the home as their primary residence, but they do not have to be a first-time homebuyer.
There is no limit on the property purchase price, although it should not exceed the lender’s loan approval amount. This program is intended for purchase of a primary home, and excludes refinance or purchase of a second property. Approved structures include single-family detached homes, condominiums, townhomes, duplexes and manufactured homes.
This program does not require repayment and funding is expected to continue through approximately December 2014.
A complete list of approved lenders and additional information for lenders who wish to become approved for the program is available at the City of Denver’s website,http://www.denvergov.org/oed/DenverOfficeofEconomicDevelopment/HousingAssistance/MetroMortgageAssistancePlus/tabid/444354/Default.aspx, or email Stacy Houston at stacy.houston@raymondjames.com.
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N. Boulder rec center to be closed from Aug. 24 to Sept. 1
Aug 17th
The North Boulder Recreation Center (NBRC), located at 3170 Broadway, will be closed for maintenance from Saturday, Aug. 24, through Sunday, Sept. 1. The recreation center will reopen on Labor Day, Monday, Sept. 2, from 8 a.m. to 1:30 p.m. Annual maintenance closures allow for deep cleaning, painting, and major repair and replacement projects at the recreation center.
On Saturday, Aug. 24, and Sunday, Aug. 25, the EBCC will be the only indoor lap pool open to the public due to an overlap of the South Boulder Recreation Center and NBRC annual maintenance closures. The Boulder Reservoir, Spruce Pool and Scott Carpenter Pool will be open during regular hours throughout the NBRC closure.
The North Boulder Recreation Center’s childcare hours will be relocated to the East Boulder Community Center (EBCC) Monday through Friday from 8:45 a.m. to 1:30 p.m. The EBCC is offering additional hours on Saturdays and Sundays during the NBRC closure. The South Boulder Recreation Center’s dance, fitness and weight rooms will be open during normal hours beginning on Monday, Aug. 19. Visit www.boulderparks-rec.org for a full schedule.
For more information, contact Whitney Oftedahl, Parks and Recreation, at 303-413-7214.
Westbound Arapahoe Avenue to reopen between Folsom and 15th streets on Saturday
Aug 15th
On Saturday, Aug. 17, westbound Arapahoe Avenue is scheduled to reopen, providing traffic flow in both directions between Folsom and 15th streets. On Monday, Aug. 19, the JUMP bus route is scheduled to return to Arapahoe Avenue (in both directions), with temporary bus stop closures.
This second phase of construction, with both directions of traffic open, will remain in effect through mid-May 2014. During off-peak daytime hours (8:30 a.m. to 3 p.m.), sections of Arapahoe Avenue will be narrowed to one lane of alternating traffic. There will be some single-lane closures along short stretches of Arapahoe Avenue, but traffic flow will be maintained in both directions. The second phase includes underground utility installation, irrigation relocation, and construction of curbs, gutters, driveways, and sidewalks.
The first phase of the project completed:
· reconstruction of Arapahoe Avenue between 15th and 17th streets into concrete, including underground utilities and extension of the existing student drop-off lane and multi-use path along the Boulder High School property on the south side of Arapahoe Avenue;
· installation of a new gas main between 17th and 21st streets; and
· installation of new storm sewers between 15th and 17th streets, and Folsom and 21st streets.
“An important section of Arapahoe Avenue has been reconstructed from a badly rutted, asphalt street into a smooth, durable concrete roadway between 15th and 17th streets,” said Director of Public Works for Transportation Tracy Winfree. “The city appreciates the community’s patience and understanding while we continue to improve this major roadway, identified as a high-priority reconstruction by the Capital Investment Strategy Committee.”
From mid-May through mid-August 2014, Arapahoe Avenue is scheduled to be reduced to one eastbound lane of traffic, with westbound traffic detoured onto Canyon Boulevard. Businesses along Arapahoe Avenue will remain open and the Boulder Farmers’ Market will remain at its current location.
By fall 2014, Arapahoe Avenue is scheduled to be completely reconstructed into concrete between Folsom and 15th streets, along with additional enhancements. The project is funded by the 2011 voter-approved Capital Improvement Bond. For more information, call 303-441-3266 or visit www.bouldertransportation.net and select “Arapahoe Avenue Reconstruction.”
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