Schedule of Events
Planning for the Redevelopment of
The Broadway Site
7.23.07
Timeline
February 2004:
Meeting with Newlands Neighborhood organization to introduce project. Preliminary
meeting with residents of 3120 Broadway to discuss the nature of the existing
community and ideas for the redevelopment of the site. Send out Volume 1 of
Project Update newsletter. Approval of an application to Landmarks Preservation
Advisory Board to determine if the existing structure at 3120 Broadway is
eligible for designation as an individual historic landmark. If not eligible,
then the structure would be permitted to be demolished.
May 2004:
Resident meeting to present and discuss the three Concept Plans.
June 2004:
Neighborhood meeting to present and discuss the three Concept Plans. Staff
presented the three preliminary Concept Plans and the input received from
the Resident and the Neighborhood meetings. The Board of Commissioners indicated
a preference for Option #1 if a financial strategy can be developed to implement
the plan.
July 2004 -September 2005:
Staff analysis of alternative financing plans; primarily for the redevelopment
of 3120 Broadway, and then secondly, with the addition of the rehabilitation
of the existing public housing east of the former office building.
November 2005:
Regularly scheduled meeting of the Board of Commissioners where they will
consider approval and authorization to proceed with the public process of
a preliminary site plan, architecture and unit mix for the redevelopment of
BHP's former offices (26 new units, three stores, underground parking), rehabilitation
of 44 of the existing units, and conversion of two of the existing units into
a community center for an after school program for children living at the
site.
April 2006:
HUD approval for disposition of public housing Submitted application for relocation
vouchers for Broadway residents Submitted Site Review and Subdivision applications
to the City of Boulder for new construction.
June 2006
Minor Modification application submitted to City of Boulder for rehabilitation
of units Application for relocation vouchers from HUD submitted
July 2006:
Application for Project Based Vouchers submitted to City
August 2006:
HUD approves relocation vouchers for Broadway residents
October 2006:
Submitted 4% Low Income Housing Tax Credit application Submitted application
to the City of Boulder for Private Activity Bonds Held neighborhood meetings
with Broadway residents Began resident relocation process St. John s Foundation
allocates funds to the project Submitted application for site review
November 2006:
Tax Equity and Fiscal Responsibility Act (TEFRA) hearing held for general
public
January 2007:
4% Low Income Housing Tax Credits approved by the Colorado Housing Finance
Authority for rehabilitation Held a public meeting regarding parking and traffic
congestion and the new construction
February 2007:
Substantially redesigned new building to address City concerns with size and
scale Submitted 9% Low Income Housing Tax Credit application Began work with
investment partner/lender
April 2007:
All Broadway residents relocated to BHP or other housing during rehabilitation
Future Timeline
June 2007:
Close partnership with investor/lender
July 2007:
Begin rehabilitation of units Submit technical documents for new construction
to City
December 2007:
Rehabilitation complete
February 2008:
Begin construction on new building
March 2008:
All residents move into rehabilitated units
February 2009:
New building completed
June 2009:
All residents move into new building
