Silver Key Senior Services Announces Tax Credit Award For New Affordable Senior Housing Development In Colorado Springs’ Old North End (Photo) - 06/01/26

COLORADO SPRINGS, Colo. — Silver Key Senior Services is proud to announce that the new Weber Apartments development has been awarded 9% Low-Income Housing Tax Credits (LIHTC), marking a major milestone in bringing more affordable housing options for older adults 62 and older to Colorado Springs.

Located in the historic Old North End neighborhood across from the beloved Tasty Freeze and east of the Bon Shopping Center, the Weber Apartments will provide affordable housing designed specifically for older adults in a walkable, centrally located area close to community resources, transportation, healthcare, and neighborhood amenities. The site is situated near several longtime neighborhood businesses, including a lawnmower repair shop that has served the community for decades, reflecting the project’s connection to an established and deeply rooted part of Colorado Springs.

The tax credit award, administered through the Colorado Housing and Finance Authority (CHFA), is a critical step in financing the development and helping address the growing need for affordable housing among older adults in the Pikes Peak region.

“As housing costs continue to rise, far too many older adults are struggling to find safe, affordable places to live while remaining connected to their community,” said Jason DeaBueno, President and CEO of Silver Key Senior Services. “The Weber Apartments are about ensuring older adults can remain part of the community they helped build.”

The development reflects Silver Key’s continued commitment to supporting older adults through comprehensive services that promote independence, wellness, and community connection. In addition to housing, Silver Key provides Meals on Wheels, transportation, food pantry services, activity centers, caregiver support, and other aging services throughout the region.

The Weber Apartments will expand affordable housing opportunities at a time when demand continues to outpace availability for older adults living on fixed incomes. The project is expected to serve older adults through affordable housing options and will add 49 new units to Silver Key’s existing housing portfolio of 83 affordable senior housing units.

In addition, the Mikki Kraushaar Legacy Fund has been established in honor of Silver Key’s original CEO and longtime Old North End resident. The fund is intended to help reduce Area Median Income (AMI) barriers as much as possible, supporting more deeply affordable and sustainable forever housing opportunities for older adults in the community.

But housing solutions do not stop there. In addition to affordable housing communities, Silver Key provides support to help older adults remain safely and independently in their own homes through home safety programs, supportive services, and connections to resources that help address housing instability and crisis situations.

Silver Key anticipates breaking ground on the Weber Apartments in late 2026 following completion of final financing and permitting approvals. Additional project details and community updates will be announced as development progresses.

Silver Key also extends its gratitude to the many partners, supporters, advocates, and community leaders — both locally and across the state of Colorado — whose collaboration and support helped make this important milestone possible.

About Silver Key
For more than 57 years, Silver Key has helped older adults in the Pikes Peak region age safely with independence and dignity through services including Meals on Wheels, transportation, housing, food access, social connection, and community support programs.