COLORADO SPRINGS — On Tuesday, City Council approved a private activity bond for a 200-unit apartment complex on East Fountain and North Academy Loop.
City Council members say it will be place for individuals who make less than six figures a year.
According to Dave Geislinger, City Council member, only 32 homes for sale in Colorado Springs are under $300,000.
"Right now we don't have those middle income homes. So we have those situations where people cannot find homes to move into."
It's an issue that the city is trying to change.
Geislinger says the housing will be designed for low income adults, both old and young , and families.
"Understand that the 35-year-olds are folks that are married, are trying to start their families and get a house as young parents."
Geislinger, who is also a chaplain at a local hospital, says he hears way too often from those in the medical field about the struggle to find an affordable place.
"It is not infrequent to hear nurses talk about where they can find a place to live, where they can find an apartment that they can afford to have their dog."
Geislinger also says the cities housing has effected potential businesses in coming to the area.
"There are barriers to attracting new businesses because new businesses can't attract new employees because there isn't anyplace for them to live."
So, it's Geislinger's hope that developments like this will help Colorado Springs become a more affordable place to live.
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