Real Estate
Financing Authority Approves Bond for Trestletree Village Project
$15 million in bonds will be issued to offset some costs related to refurbishing.
The Urban Residential Finance Authority voted Thursday to issue up to $15 million in bonds for the upcoming refurbishing of the Trestletree Village apartment complexes in Ormewood Park and Grant Park.
The vote was unanimous.
Denver-based Community Housing Concepts Inc. purchased the Trestletree properties in 2012, which includes the the 80-unit Trestletree North at 794 Ormewood Ave. SE in Grant Park and the 108-unit Trestletree South at 904 Confederate Court SE in Ormewood Park.
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The company is projecting it will spend $22.8 million on the project, which includes the acquisition costs.
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