New Markets Tax Credit Coalition

The Green House Homes at Mirasol

In 2014, Capital Impact Partners worked in partnership with the Loveland Housing Authority to open Colorado’s first ever GREEN HOUSE Project.

Investment

  • NMTC Amount: $10,340,000
  • Total Project Cost: $16,784,326

IMPACT

  • 64 FTE jobs
  • 72 construction jobs
  • 60 patients served

Investor

Project Description

In 2014, Capital Impact Partners worked in partnership with the Loveland Housing Authority to open Colorado’s first ever GREEN HOUSE® Project. A radical new model for skilled nursing care, Green House homes are designed from the ground up to look and feel like a real home for 10-12 elders, returning control, dignity and a sense of well-being to its residents and their families. Built on the campus of the Mirasol Senior Living Community in Loveland, this innovative alternative to the traditional nursing home features six separate 7,500 sq. foot homes with private rooms and bathrooms, combined with a family-like atmosphere of open common spaces. The Green House Homes at Mirasol are uniquely licensed together as one skilled nursing facility and able to provide its residents – a large percentage of whom are Medicaid eligible – specialized twenty-four hour nursing care.

MAP

Address: 1153 Finch Street, Loveland, CO 80537

Census Tract: 8069001704

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