Green House Blog

Financing and Collaboration Brings Green House homes to Colorado

It was a beautiful day in Loveland, Colorado for the historic groundbreaking ceremony of the first Green House homes in Colorado. The skies were clear and the beautiful Rocky Mountains provided a breathtaking view in the background. This Green House project is the result of a collaboration between Loveland Housing Authority and Vivage Quality Health Care Partners.  These innovative groups worked with NCB Capital Impact, AARP foundation, The Weinberg Foundation and many other sources of financing to bring this project to life for low income elders:

A $16 million project takes a significant numbers of financial partners, as well as time. Nearly four years in the works, financing for the project includes New Market Tax Credits, $584,000 in fee waivers from the city of Loveland, $2.6 million from the Colorado State Division of Housing and a $2 million grant from Maryland-based nonprofit The Harry and Jeanette Weinberg Foundation.

Local residents were an integral part of planning the groundbreaking ceremony.  The Reporter-Herald covered this collaborative event, “”The goal is to create rampant normalcy where people can feel at home,” said Nancy Fox, the chief life enhancement officer for Vivage Quality Heath Care Partners.
The program was kicked off by Sam Betters, Executive director of the Loveland Housing Authority. He shared the trials and successes of the long four year journey that led to securing financing for this important project, “It takes a lot of people to make this work, and we do this to meet the community’s needs,” Betters said Tuesday in remarks before a crowd Mirasol residents, local officials and a wide-range of partners.”  The determined spirit and “can do” attitude was palpable throughout the ceremony.

Next Sue Mendenhall, the Resident Ambassador of Mirasol Senior Living Community described The Green House Project as “breathtaking in its innovation.”  Major Cecil Gutierrez from the City of Loveland described Loveland as “one of the most innovative and creative cities demonstrated by art and projects the Loveland Housing Authority has come up with.”

“You are bringing something amazing to your state,” The Green House Project Chief Operating Operator Susan Frazier told the crowd. “You are becoming a part of something that is so much bigger than yourself.”

There are currently Green House projects in 25 states, with many more in development.

Mirasol Green House Homes, Loveland, CO

Mirasol Green House Homes, Loveland, CO
Operating: 0
In development: 6 Individual Homes
Square Feet per Home: 7800

Description: This Green House Project is the third Phase of a 25 acre development created by the Housing Authority of the City of Loveland.  The Green House homes occupy approximately five (5) acres of the Mirasol Senior Community and provide a continuum of housing opportunities for seniors. The Mirasol Senior Community is an “affordable” development offering apartment rentals, duplex rentals, and single family home ownership to those individuals 55+ who wish to thrive in an exciting and dynamic environment. The Green House Project completes the last piece of the housing continuum by offering a home to elders who require more assistance with their everyday lives.

The Mirasol Community residents are supported by a centrally located Event Center offering programs and services to all subscribing residents. The Event Center provides an exercise room and physical conditioning classes, a coffee bistro with continental breakfast, life enhancing seminars through various senior service organizations, a computer/copier/fax center, a small conference room, and a hair styling salon. Additional senior programming provided to the residents includes a variety of social events, special day trips and outings, transportation for shopping and medical appointments, and a full time staff available to assist any senior resident with life’s challenges.

Organization History
As the developer of Mirasol, the Housing Authority of the City of Loveland has created a strong partnership with Vivage Quality Health Partner, a nationally-recognized long-term care management company with a 32-year history of successfully managing elder care homes in the Rocky Mountain and Midwest areas. With the Housing Authority’s extensive experience constructing and managing over 1200 affordable housing units and Vivage’s commitment to The Green House principals of care, The Green House homes on the Mirasol Senior Campus become an integrated part of the Community’s mission and elder housing.

Consisting of six (6) Green House homes, each with 10 bedrooms, the Mirasol Green House homes provide over 46,800 total square feet of living space. The resident elders enjoy the comfort of the latest in energy conservation technologies and environmentally clean air as each home has been designed to incorporate some of the most advanced products available in today’s market.  Additionally, the Mirasol campus provides a comforting environment for elders with a significant amount of outdoor space and access to over two miles of wheel chair accessible trails.

 The partnership with Vivage not only guarantees the elders an incredible living space, but ensures their care will be provided by some of the most dedicated and committed staff members in the country. The Vivage staff has adopted the concept of The Green House principals and provides management and staffing to more than 1,800 elders throughout the Rocky Mountain States. Their senior staff is highly engaged with other professionals throughout the United States and continuously works toward enhancing the care and programs offered to elders. Key to the success of Mirasol Green House plan is the Vivage staff constantly evaluating their work to improve and supported by an extensive training and career development program. The Vivage staff “integrates” into each home and provides both physical and mental support to their elders.

Financing for the development of this “affordable” Green House Project requires a variety of public and private resources. The underlining financial instrument is New Market Tax Credits offered through the Internal Revenue Service as a means to encourage a combination of residential and commercial/institutional development. But in order to provide for delivery of “affordable” care, a strong partnership needs to be created matching public grants from the State of Colorado, the Colorado Housing and Finance Authority, the Federal Home Loan Bank of Topeka, and the City of Loveland with private philanthropic funds available from corporate sponsorships committed to providing Green House modeled care. It is only through this combination of funding sources that the Housing Authority is able to offer such high quality affordable housing and services to the most deserving members of our community and deliver on our mission – “To provide quality care, compassionately respectfully, for individuals living in our homes. We are dedicated to working together with them, their families, our communities, and our staff, to provide a nurturing environment.”

For More Information About the Mirasol Green House Homes & Senior Community:

Moofie Miller, Director of Housing
(970) 635-5935
mmill@lovelandhsg.org
The Housing Authority of the City of Loveland
Loveland, Colorado 80538