COLORADO SPRINGS, Colo. (KOAA) — Silver Key says the City of Colorado Springs has approved its new affordable senior housing development.
Silver Key says they acquired a 1.223-acre site along North Weber Street near North Nevada Avenue and Fontanero Street.
According to Silver Key, a bus stop will be located along the site for people who live there. They say the following services and amenities are all located within two blocks:
- a hospital
- grocery store
- shopping center
- extensive trail system
Silver Key proposes to develop 49 affordable senior housing units, 47 of which will be one-bedroom, and the others will be two-bedroom.
Officials say the project is designed for low-income seniors who are 62 years or older. They also say it aims to address a housing shortage for seniors in the area.
Silver Key says they're hoping to secure finalized plans and financing by mid-2026.
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Department of Local Affairs designates four cities as Main Street Communities
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