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News

Commissioners invest in affordable housing for older adults in your community

$850,000 grant approved for RidgeGate Senior Apartments in Lone Tree

Posted on April 1, 2024 2024Health and Human ServicesOlder Adults

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You told us one of your top priorities for older adults was affordable housing. Your county is continuing to invest in that priority.

During a regular Business Meeting Tuesday, March 26, the Board of Douglas County Commissioners approved $850,000 in grant funding for the RidgeGate Senior Apartments, a project of the Douglas County Housing Partnership.

The first phase of the project, located near I-25 and RidgeGate Parkway, includes 101 residential units exclusively for older adults and is 100% affordable – income limits for residents will average at or below 60% of the area median income. The complex is expected to open in summer 2025 and be home to 128 adults who are 55 or older.

“During 2023, we hosted dozens of listening sessions so we could understand the needs of our older adults – and we heard you loud and clear,” said Commissioner George Teal. “We are excited to leverage these funds for the benefit of our older adults.”

Funding for the grant is remaining federal funding generated from Community Development Block Grants – a program of Housing and Urban Development (HUD). Douglas County Housing Partnership will use the grant specifically for land acquisition.

This is the second investment in affordable housing for older adults in 2024. In January, Commissioners approved a loan for the Douglas County Housing Partnership to improve an older adult community in Castle Rock.

We know our older adults want to stay in Douglas County as they retire. Douglas County’s Older Adult Initiative launched in March 2023 to understand the resources our older adults need to do just that. To learn more about the Older Adult Initiative, visit our webpage.

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