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Greccio to buy 2 foreclosed apartment buildings

Greccio Housing is preparing to close on two apartment buildings that will increase their inventory of affordable housing by more than 30 percent. Lee Patke, Greccio executive director, said he couldn’t discuss specifics about the buildings or the bank that owns them until the closings on Feb. 6 and March 6. But the two buildings,… Continue Reading Greccio to buy 2 foreclosed apartment buildings

Nonprofits standing in the housing gap

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As Colorado Springs’ apartment vacancy rates decrease, inexpensive housing is drying up. And that has more low-income renters turning to affordable-housing providers, like the Division of Housing and Greccio Housing. The city’s apartment vacancy rate is 5.6 percent, a 10-year low, and apartment owners have stopped offering incentives like discounted rent as thousands of troops… Continue Reading Nonprofits standing in the housing gap

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