Greccio Housing purchased the Santa Fe Apartments in a deal that will add 54 apartments to its stock of affordable housing, the nonprofit announced Monday,
Greccio’s addition will increase the number of apartments that it oversees to 487 across 22 properties, according to a news release. The $2 million deal included support from Ent Federal Credit Union, the City of Colorado Springs housing development office, the El Paso County Housing Authority and the Colorado Division of Housing.
An additional $500,000, possibly more, in renovations also are planned for the apartment complex at 1228 Delaware Drive, southwest of Palmer Park and North Academy boulevards.
Greccio offers affordable housing to low-income families across the Pikes Peak region. It recently also partnered with Family Life Services to oversee its 10-unit campus at 1880 S. Cascade Ave.