A ribbon cutting to celebrate the new affordable housing solution, Grand Mesa Apartments, took place and establishes momentum for fulfilling housing needs.
It was a joint effort to accomplish the Grand Mesa Apartments at 501 S. Snyder Avenue. This is the second project for Costello Investments, LLC and was supported by the Wyoming Community Development Authority through their Tax Credit program. The first project was the Grand Harmony Apartment complex, located off of South College Avenue. This establishment will remain affordable for 65 years. These developments are known not only for affordability but for supplying a quality product which feature a variety of amenities. There are four units in the Grand Mesa Apartments that are fully handicap accessible and another two units equipped with devices for hearing and visually impaired individuals.
“It was completed in April of 2019 and that consisted of 12 one bedroom 34 two bedroom and 16 three bedroom, as well as this community area and the courtyard you will see with the playground and picnic area.” shared Bonnie Mogen, Director of Development of Costello Investments, “It provides housing for individuals and families between 45-60% of the area median household income.”
Costello Investments has been providing affordable housing for over 40 years in Nebraska and South Dakota. Now their portfolio spans Wyoming, Idaho, Iowa, in addition to Nebraska and South Dakota.
“This is such a great establishment and is filling such a great need in our community. I think everyone at the Chamber agrees, that we certainly have a housing issue. It is really critical that we have not only housing but affordable housing, and housing that is really attractive, safe and enticing for our workers.” express Mayor Marian Orr.
Celebration of housing, such as the Grand Mesa Apartments, is important to the community because of the housing deficit within Laramie County. In the recently published “Laramie County Housing Study Report” produced by the Greater Cheyenne Chamber of Commerce, there is currently a 3,500 home deficit. This was established as a barrier for economic advancement according to Buck Wilson, President of the Cheyenne Board of Realtors, during the Economic Forecast event, and new housing developments on the horizon will be imperative to the solution. Grand Mesa Apartments by Costello Investments is part of the solution to the Laramie County housing shortage. Now that this complex is open, it is hoped that they will invest further in similar projects within the area.
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