Frisco Adds 106 Affordable Homes Through Dual Housing Strategy

The Bella, currently under construction at 101 W. Main Street, utilizes federal and state Low-Income Housing Tax Credits to provide energy-efficient housing for households earning between 30% and 80% of the Area Median Income. To ensure long-term affordability, the Town of Frisco utilized a density bonus to triple the site’s capacity and secured land ownership in perpetuity. The project, expected to finish in November 2027, is backed by $4.9 million in town financing and additional state grants.

Just blocks away at 602 Galena Street, The Scout offers a different financial model targeting middle-income residents. By utilizing $18.6 million in 501(c)(3) bonds issued by the Colorado Middle-Income Housing Authority, the project provides 54 income-restricted units capped at 120% of the Area Median Income. This development marks the first time The NHP Foundation has leveraged its S&P AA- credit rating to enhance tax-exempt bonds for new-construction workforce housing, a structure intended to serve as a blueprint for other high-cost areas. Together, these projects aim to stabilize the local labor force, including teachers and healthcare workers, by aligning housing costs with the economic realities of Summit County.