Colorado

CHFA provides funds for Westwood project

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By: Inside Real Estate News, October 2, 2014 Grove Street Apartments, a planned 42-affordable housing development in southwest Denver’s Westwood neighborhood, has been awarded almost $1 million in federal tax credits. The Colorado Housing and Finance Authority $915,504 in Federal Low Income Housing Tax Credits for the development by Gorman & Co. on a 1.3-acre […]

Colorado

Low Income Housing Tax Credits to Help Support New Affordable Housing in Westwood Neighborhood Revitalization

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For Immediate Release TUESDAY, SEPTEMBER 30, 2014 contact: Jerilynn Martinez, 303.297.7427 jmartinez@chfainfo.com Hilarie Portell, 720.810.3906 hilarie@portellworks.com Low Income Housing Tax Credits to Help Support New Affordable Housing in Westwood Neighborhood Revitalization (DENVER) – A new affordable housing development in south west Denver’s Westwood neighborhood was awarded $915,504 in Federal Low Income Housing Tax Credits (LIHTC) […]

Colorado

Gorman & Company, Inc. Partners With Town Of Vail And Wright And Company To Build 112 Unit Deed-Restricted Employee Housing In Vail, Marking Vail’s Largest Employee Housing Project Ever

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VAIL, Colo., Sept. 16, 2014 /PRNewswire — Gorman & Company, Inc., an affordable housing development leader for over 35 years, has partnered with the Town of Vail and local developer Jen Wright and Wright and Company for the redevelopment and new-construction of Lion’s Ridge Apartment Homes on a 5.24-acre parcel on Vail’sNorth Frontage Road opposite […]

Wisconsin

Key financing component approved for Heritage House project

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By Bill Guida, Kenosha News, September 15, 2014 It’s by no means a done deal, but an offiicial with Gorman & Co. was confident Monday the historic former Elks Club/Heritage House is on track to become a boutique hotel Ted Matkom, Gorman’s president for Wisconsin development, said First Ring Industrial Redevelopment Enterprise Inc. has agreed […]

Colorado

Construction to begin at Lion’s Ridge

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By: Scott N. Miller, Vail Daily, September 15, 2014 VAIL — It’s been more than a decade since a big rental housing project was started in Vail. And, like anything in Vail, this project has carried plenty of controversy. Town officials and developers Tuesday will hold a ground-breaking ceremony for the Lion’s Ridge apartments. That […]

Illinois

Ziock developer: Work to start in 2015 on downtown Rockford hotel

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By Brian Leaf, Rockford Register Star, Aug. 14, 2014 @ 4:00 pm ROCKFORD — The company planning to renovate the Ziock Building, an abandoned 13-story downtown factory, into a $53 million hotel and conference center won’t begin work until February 2015. “We forecast being able to open in early spring of 2017,” said Laura Narduzzi, […]

Wisconsin

The Diversification Strategy: Tom Capp and Gorman & Company Develop a variety of projects, Tap Different Funding Sources

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Tax Credit Advisor, August 2014 The way that Tom Capp and Gorman & Company, Inc. approach the development of multifamily rental housing, historic preservation, and mixed-use real estate projects is to always be on the lookout – for new opportunities, funding sources and lessons. “We really consider ourselves community developers as much as we do […]

Colorado

Timber Ridge construction weeks away?

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Scott N. Miller, Vail Daily, July 31, 2014 VAIL — After several years and a few false starts, the job of replacing the Timber Ridge apartments should start in the next few weeks. Work was supposed to begin in May to replace the apartments on the eastern side of the 10-acre parcel. That work was […]