Greyhound Park Empowerment, Commerce City
Developer: DelWest Financial Corporation
This new construction supportive housing development will serve formerly homeless individuals and families as well as individuals exiting the criminal justice system. The nonprofit Empowerment Program will provide services to residents who will be supported by 50 project-based vouchers from the Colorado Division of Housing. The development is part of a master planned community at the former Mile High Greyhound Park that will feature a mixed-use and mixed-income walkable neighborhood. The development will be certified under the advanced pathway Zero Energy Ready Home certification program.
50 Units: 37 One-Bedroom; 13 Two-Bedroom
50 @ 30% AMI
9% Credit Awarded: $1,350,000
Joli / Sol, Denver
Developer: Denver Housing Authority
This new construction development consists of two ownership entities, Joli, supported with federal 9 percent Housing Credits, and Sol, financed with private activity bonds and federal 4 percent Housing Credits. The combined development is the third and final phase of the Sun Valley Neighborhood redevelopment that has occurred over the last 13 years, resulting in a cumulative total of 850 units. The development leverages HUD’s Choice Neighborhood Initiative grant as well as funding from the City and County of Denver, Division of Housing, the D3 Bond Program, and the developer’s equity and project-based vouchers. Each building will include market-rate units and commercial space for resident incubator businesses and services.
80 Units: 30 One-Bedroom: 27 Two-Bedroom; 11 Three-Bedroom; 10 Four-Bedroom; 2 Five-Bedroom
7 @ 20% AMI; 29 @ 30% AMI; 13 @ 40% AMI; 10 @ 50% AMI; 12 @ 70% AMI; 9 @ 80% AMI
52 Market Units: 51 One-Bedroom; 1 Two-Bedroom
9% Credit Awarded: $1,350,000
130 Units: 16 One-Bedroom: 69 Two-Bedroom; 24 Three-Bedroom; 21 Four-Bedroom
13 @ 20% AMI; 33 @ 30% AMI; 21 @ 40% AMI; 12 @ 50% AMI; 33 @ 70% AMI; 18 @ 80% AMI
35 Market rate units: 31 One-Bedroom; 4 Two-Bedroom
4% Credit Awarded: $2,975,223
Northwest Apartments, Broomfield
Developer: High Ridge Costa Development
This new construction development will serve individuals and families and is located close to major job centers and public transportation. The City and County of Broomfield is providing significant financial support for the development. Northwest Apartments is part of a master planned pedestrian friendly community that includes access to the Northwest Parkway Regional Trail.
50 Units: 16 One-Bedroom; 26 Two Bedroom; 8 Three-Bedroom
3 @ 30% AMI; 10 @ 40% AMI; 15 @ 50% AMI; 21 @ 60% AMI; One Employee
9% Credit Awarded: $1,300,000
Powers and Elati, Littleton
Developer: South Metro Housing Options
This development leverages a partnership between two housing authorities, the developer and Metro West Housing Solutions, to revitalize an existing site by replacing outdated public housing with a new infill building. The development will support residents aged 62 and older and include a part-time service coordinator. The developer is providing 16 project-based vouchers to support extremely low-income residents. Powers and Elati will be located adjacent to Powers Park, within one to three blocks of several bus stops, and within walking distance to grocery and other amenities.
51 Units: 51 One-Bedroom
17 @ 30% AMI; 12 @ 40% AMI; 19 @ 50% AMI; 3 @ 60% AMI
9% Credit Awarded: $1,224,000
Residences at Delta, Delta
Developer: TWG Development
This new construction development will serve residents ages 55 and older and will be adjacent to Delta Housing Authority’s affordable family housing developments creating a multigenerational campus serving a spectrum of ages, incomes, and household types. The Delta Housing Authority will provide eight project-based vouchers and assist with property management. The development is supported by the City of Delta with multiple fee waivers and sales tax exemption, as well as broad community support and resident services.
50 Units: 50 One-Bedroom
8 @ 30% AMI; 2 @ 40% AMI; 8 @ 50% AMI; 32 @ 60% AMI
9% Credit Awarded: $1,346,302
Solid Ground Apartments, Lakewood
Developer: Jefferson Center for Mental Health
This new construction development will serve formerly homeless individuals and will be the first entirely supportive housing project in Jefferson County. The developer will be the lead service provider and residents will be supported with project-based vouchers from Foothills Regional Housing and vouchers and services funding from the Colorado Division of Housing. The development leverages pro-bono development services from Dominium Corporation as well as a partnership with Metro West Housing Solutions. The site is walkable to nearby amenities, employment centers, grocery, and public transportation options.
40 Units: 40 One-Bedroom
40 @ 30% AMI
9% Credit Awarded: $1,350,000
St. Valentine Apartments, Loveland
Developer: Archdiocesan Housing Inc.
This will be the first development supported with Housing Credits in Loveland to serve formerly homeless individuals and families. The development will be newly constructed using trauma-informed design, and is located close to public transportation, services, employment centers and amenities. Homeward Alliance will be the lead service provider, and the Colorado Division of Housing will provide 54 project-based vouchers and services funding to support residents.
54 Units: 48 One-Bedroom; 6 Two-Bedroom
54 @ 30% AMI
9% Credit Awarded: $1,227,708
Vance Street Flats, Arvada
Developer: Medici Development LLC
This new construction development will be located in downtown Arvada near a bus stop and light rail station, and employment. Residents will also be provided RTD EcoPasses. The development will include space for the nonprofit, Veggie Van, that will provide fresh food and nutrition services for residents and the community. The Arvada Housing Authority will provide seven project-based vouchers to support formerly homeless residents in partnership with the City of Arvada’s Homeless Navigator program.
50 Units: 4 Studio; 37 One-Bedroom; 9 Two-Bedroom
7 @ 30% AMI; 3 @ 40% AMI; 17 @ 50% AMI; 23 @ 60% AMI
9% Credit Awarded: $1,220,979
Vincent Village, Fort Lupton
Developer: Michaels Development Company
This new construction development will be located in central Fort Lupton near shopping, grocery, health clinics, schools and other amenities as part of a master-planned, mixed-use development. The development will be the first newly constructed affordable housing in the community in more than 15 years. The Greeley-Weld County Housing Authority will provide 20 project-based vouchers to support extremely low-income families. The development will be certified under the advanced pathway Zero Energy Ready Home certification program.
72 Units: 24 One-Bedroom; 36 Two-Bedroom; 12 Three-Bedroom
20 @ 30% AMI; 8 @ 40% AMI; 8 @ 50% AMI; 16 @ 60% AMI; 10 @ 70% AMI; 10 @ 80% AMI
9% Credit Awarded: $1,250,000
For more information about the Housing Credit program, please contact Kathryn Grosscup, Manager, Housing Tax Credit at 303.297.7368.