| New Homes in Loveland That Have Lost $20,000 to $40,000 in Value Read the LovelandPolitics.com Story Why Young Couples Should NOT BUY Homes When They Have No Down Payment - Loveland's Foreclosure Nightmare |
| This house lost $41,680 in value from 2002 to 2006 |
| LovelandPolitics.com a non-partisan website about Loveland politics for residents concerned about our community's quality of life - email us your editorial or report on Loveland topics for posting here |
| "Affordable" Housing News |
| Colorado Leads Nation In Foreclosures See Which Areas In Loveland Have Highest Foreclosures Read Why Reporter Herald Editorial was in Error |
| City Council Votes 4-2 To Allow Gated Community Across Public St. Complete Story - Click Here Issue Background - Click Here Council Waivers on Fee Waiver Issue for Habitat for Humanity Development Click here to read the story |
| Crime Central - Rockcrest Apartments (formerly named Wilson Commons) was the scene of a murder suicide. Domestic Violence, Drug Charges and other petty crimes make this a crime magnet on Loveland's Westside. Many residents (including the murderer) were from other parts of the country before moving into Loveland's "Affordable Housing" units. The Loveland Housing Authority does not discriminate against non-Loveland residents from obtaining city taxpayer subsidized housing in Loveland.. |
| City Council all over the map regarding Metro Districts; See story archives below Oct. 2007 City Council barely Approves Cascade Ridge Aug. 2007 City Council Approves McWhinney's Lakes At Centerra Aug. 2006 City Council denies Aspen Knolls Metro District Request |
| Loveland Residents Sue Developer For $6 Million Over Construction Defects KB Homes built a number of paired homes, townhomes and single family homes in northwest Loveland. The paired homes and town homes' owners are now asking for new vinyl siding, roof repairs and concrete work. Read Story |
| Video - "Citizens Speak" On Pre-Annex Agreement Before Council |
| More Video From Meeting Held Feb. 6, 2008 Loveland Council Meeting click here See raw video clips of public comments regarding the pre-annexation agreement from the Feb. 6, 2008 special Loveland City Council meeting plus other stories regarding the annexing issues near Johnstown |
| Feb. 6, 2008 Council Meeting New video of citizen comments to Loveland City Council shortly before the council voted 7-2 to concede to property owner demands for a steep price before agreeing to annex their property along the 402 near I-25 into Loveland. |
Loveland- March 2008
Brisben's Waterford Apartments is an "affordable housing" development that used
low-interest publicly backed bonds to fund construction in exchange for agreeing to
keep rents low. This project was the brainchild of now State House Representative Don
Marostica (State House District 51) who bought the property at a low-price when it
was zoned as a flood area by the city. See original story under the biography of Don
Marostica from 2006.
Using his influence in Loveland city hall as a Councliman, Marostica up zoned the
property, created the Waterford affordable housing project and sold the subdivided land
to a national builder out of Ohio called Brisben to build with subsidized loans. A later
phase of the project bankrupted and was never completed once Rep. Marostica sold his
interest and was no longer involved.
A former tenant has posted a review on ApartmentRatings.com (a national website)
complaining about the tenants and comparing the complex to a GHETTO Not
surprisingly, the owners (who by agreement cannot raise rents on many of the units)
apparently are inattentive to the property and failing to manage the residents and their
bad habits. Limiting the rent that can be charged means the owners can only improve
their bottom line by reducing their costs which make the complex undesirable.
The large number of HUD (Housing and Urban Development) aided tenants in Loveland
combined with too much government subsidized housing could spell trouble for the
community in the future. Evidence of the problem has already emerged with the
consistently higher than average vacancy rates in apartments in Loveland as renters seek
more desirable communities to live in. In addition, the surge in calls to the police
department in 2007 was likely the result of more troubled families moving to Loveland
to take advantage of city sponsored subsidized housing projects called "affordable"
housing.
Brisben's Waterford Apartments is an "affordable housing" development that used
low-interest publicly backed bonds to fund construction in exchange for agreeing to
keep rents low. This project was the brainchild of now State House Representative Don
Marostica (State House District 51) who bought the property at a low-price when it
was zoned as a flood area by the city. See original story under the biography of Don
Marostica from 2006.
Using his influence in Loveland city hall as a Councliman, Marostica up zoned the
property, created the Waterford affordable housing project and sold the subdivided land
to a national builder out of Ohio called Brisben to build with subsidized loans. A later
phase of the project bankrupted and was never completed once Rep. Marostica sold his
interest and was no longer involved.
A former tenant has posted a review on ApartmentRatings.com (a national website)
complaining about the tenants and comparing the complex to a GHETTO Not
surprisingly, the owners (who by agreement cannot raise rents on many of the units)
apparently are inattentive to the property and failing to manage the residents and their
bad habits. Limiting the rent that can be charged means the owners can only improve
their bottom line by reducing their costs which make the complex undesirable.
The large number of HUD (Housing and Urban Development) aided tenants in Loveland
combined with too much government subsidized housing could spell trouble for the
community in the future. Evidence of the problem has already emerged with the
consistently higher than average vacancy rates in apartments in Loveland as renters seek
more desirable communities to live in. In addition, the surge in calls to the police
department in 2007 was likely the result of more troubled families moving to Loveland
to take advantage of city sponsored subsidized housing projects called "affordable"
housing.
| Development News |
| 13 Builders Hold-out On Paying "Use Tax" City of Loveland Audit Says They Owe Loveland's City Council not sure how to proceed with builders upset over audits regarding Use Taxes. Read the complete report and history of Loveland's Use Tax debacle read report |
| Other Real Estate Stories |
| Real Estate Main Page |
| City Council Votes Unanimously To Deny Annexation Crowded into an overflowing council chambers, residents protested a proposed annexation of Staples Farm for development near Taft Ave. and 1st Street - Applicant proposed building McMansions along Big Thompson see story |
| The applicant and attorney appeared very disappointed at Council meeting |
| City Council Votes 7-2 To Provide Local Business $900,000 to Leave Downtown - Re-Locating To WaterPik Building read story |
| Loveland Use Taxes -A Special Report- Read about the audits, history and the 13 builders who are holding out and refusing to pay. Access Main Page Here |
| Bob Keirns of Timberline Construction tells council March 4, he isn't happy with the Use Tax audits |
| Loveland City Council Agrees To JAX Tax Incentive - New Store To Open This July in Loveland The JAX Mercantile Co. in Ft. Collins owner, Jim Quinlin, asked Loveland for 3 years of tax rebates if he locates a new JAX store in 54,000 sq ft of the old ShopKo building on Eisenhower in Loveland. The Council approved his request in a unanimous vote Tuesday. see story |
| Council Votes 7-2 For $4.5 million Annex Agreement Olsen Farm 1st and 2nd additions annex agreements approved by council read the story |
| Secret Decision On Staples Farm In Dispute Residents organized to save Staples Farm from development have reacted to the announcement by Loveland City Manager, Don Williams, that the Council will not buy it using open space funds. While local media reported the story as a Council action presumably made in secret, facts emerging now demonstrate the announcement was untrue. See story |
| Dakota Ridge Annexation West of Loveland Approved By Council Traffic To Be Funneled To Cascade Ave. to avoid Morning Drive in Namaqua Hills SEE STORY |
| Dakota Ridge Annexation West of Loveland Approved By Council Traffic To Be Funneled To Cascade Ave. to avoid Morning Drive in Namaqua Hills SEE STORY |
Loveland Company Cuts Staff After Receiving $900,000 Subsidy To Bring Jobs See story |
| McWhinney Wants Out: Obligations At Aspen Knolls Hein Family Sues McWhinney & KB Homes to enforce $3.7 million of road improvements read special investigative report |