The following developments are receiving federal 4 percent and accelerated state Housing Tax Credit award reservations in 2024’s Round Two.
4340 South Monaco, Denver
Sponsor: Shea Properties
4340 South Monaco will adaptively reuse an existing building to provide affordable housing serving individuals and families in the Denver Tech Center community. Onsite services will be provided to residents in partnership with a local YMCA, including after-school programs, nutrition, physical wellness programs, and financial planning. The site is near employment opportunities, transportation options, and community amenities. The property will be built with an all-electric design.
143 Units: 23 Studio; 89 One-bedroom; 25 Two-bedroom; 3 Three-bedroom; 3 Four-bedroom
16 @ 30% AMI; 80 @ 60% AMI; 47 @ 70% AMI
Federal 4% Credit Awarded: $2,349,010
Accelerated State Credit Awarded: $1,800,000
Compass Pointe, Pueblo
Sponsor: Kittle Property Group
Compass Pointe will be a new construction development serving individuals and families in Pueblo’s Eastwood neighborhood. The Sponsor will offer resident services from local service providers, United Way and YWCA Pueblo. Compass Pointe leverages financial support and fee waivers from the City of Pueblo. The site is near employment, services, and amenities. The property will be built with an all-electric design.
192 Units: 48 One-bedroom; 72 Two-bedroom; 64 Three-bedroom; 8 Four-bedroom
10 @ 30% AMI; 6 @ 40% AMI; 9 @ 50% AMI; 133 @ 60% AMI; 18 @ 70% AMI; 16 @ 80% AMI
Federal 4% Credit Awarded: $3,618,656
Accelerated State Credit Awarded: $1,800,000
Creekside Flats, Denver
Sponsor: Archway Investment Corporation
Creekside Flats will be a new construction development serving individuals and families in west Denver’s Villa Park neighborhood. Residents will have access to transit passes and services including food security and benefit assistance, health programs, youth activities, and literacy programs. The Sponsor will work with Urban Peak to offer up to 10 units to youth exiting homelessness. The site is within walking distance of transportation, parks, childcare, and an elementary school. The property will be built with trauma-informed design and an electrification-ready design.
150 Units: 65 One-bedroom; 61 Two-bedroom; 24 Three-bedroom
22 @ 30% AMI; 15 @ 50% AMI; 76 @ 60% AMI; 11 @ 70% AMI; 26 @ 80% AMI
Federal 4% Credit Awarded: $2,994,139
Accelerated State Credit Awarded: $1,800,000
Glenwood Gardens, Glenwood Springs
Sponsor: Cohen-Esrey Development Group
Glenwood Gardens will be the first new construction development serving individuals and families in Glenwood Springs since 2011 and the first in the area to offer units at 20 percent of the Area Median Income (AMI). Garfield County Housing Authority will provide eight Project-based Vouchers and the developer will leverage funds from the City of Glenwood Springs. West Mountain Regional Health Alliance will provide residents services that develop and promote self-sufficiency and independence. The site is within walking distance of free public transportation and walkable amenities. The property will be built with an all-electric design and include a photovoltaic system.
80 Units: 4 Studio; 21 One-bedroom; 52 Two-bedroom; 3 Three-bedroom
3 @ 20% AMI; 7 @ 30% AMI; 7@ 40% AMI; 23 @ 50% AMI; 10 @ 70% AMI; 30 @ 80% AMI
Federal 4% Credit Awarded: $2,127,517
Accelerated State Credit Awarded: $1,800,000
Grove in Bloom, Fort Collins
Sponsor: Pedcor Investments, LLC
Grove in Bloom will be a new construction development serving individuals and families in the Bloom master-planned community in east Fort Collins. The Sponsor will provide transportation services to residents and partner with other organizations to provide resident services. Health District of Northern Larimer County will provide free, onsite health screenings. Free primary care health services will be provided to residents living in 30 percent AMI units through a partnership with Starlight Health. The site is within one mile of free public transportation. The property will be built with an all-electric design and include a photovoltaic system.
264 Units: 84 One-bedroom; 132 Two-bedroom; 48 Three-bedroom
14 @ 30% AMI; 15 @ 40% AMI; 42 @ 50% AMI; 136 @ 60% AMI; 48 @ 70% AMI; 9 @ 80% AMI
Federal 4% Credit Awarded: $4,730,725
Accelerated State Credit Awarded: $1,714,655
Jet Wing Flats, Colorado Springs
Sponsor: Commonwealth Development Corporation and Solid Rock Community Development Corporation
Jet Wing Flats will be a new construction development serving individuals, families, and persons experiencing homelessness in southeast Colorado Springs. Greccio Housing will provide resident services focused on homework help for students, financial literacy and job search skills, and family skills services. Pikes Peak Continuum of Care and Family Promise will provide additional services to formerly homeless residents in 30 percent AMI units. The project is co-located with Chelton Crossing, a community investment trust community building, and residents will have access to programs that promote economic mobility and wealth generation. The site is within walking distance of transportation, schools, and community amenities. The property will be built with an all-electric design and meet the Zero Energy Ready Homes (ZERH) certification.
68 Units: 24 One-bedroom; 28 Two-bedroom; 16 Three-bedroom
7 @ 30% AMI; 7 @ 40% AMI; 19 @ 50% AMI; 20 @ 60% AMI; 15 @ 80% AMI
Federal 4% Credit Awarded: $1,355,280
Accelerated State Credit Awarded: $1,800,000
Maiker Uplands, Westminster
Sponsor: Maiker Housing Partners
Maiker Uplands is a new construction development that will be built within the Uplands master-planned community in Westminster and will serve individuals, families, and Intellectually and Developmentally Disabled (I/DD) residents. The Sponsor will provide 12 Project-based Vouchers to support I/DD residents. The Sponsor and North Metro Services will provide services to neurodiverse residents including transportation assistance, community events, and local support services coordination. The site gives residents access to nearby community amenities. The property will be built with an all-electric design including a photovoltaic system and meet the Zero Energy Ready Homes (ZERH) certification.
70 Units: 48 One-bedroom; 22 Two-bedroom
18 @ 30% AMI; 11 @ 40% AMI; 19 @ 50% AMI; 22 @ 70% AMI
Federal 4% Credit Awarded: $1,653,187
Accelerated State Credit Awarded: $1,786,024
Stables, Aurora
Sponsor: Grovewood Community Development, Inc.
The Stables will be a new construction development serving individuals and families in Aurora’s Expo Park neighborhood. The Sponsor will provide services focused on health and stability. The site is within walking distance of transportation, childcare, and community amenities. The property will be built with an all-electric-ready design.
85 Units: 11 One-bedroom; 56 Two-bedroom; 18 Three-bedroom
8 @ 30% AMI; 8 @ 40% AMI; 27 @ 50% AMI; 27 @ 60% AMI; 15 @ 80% AMI
Federal 4% Credit Awarded: $2,040,378
Accelerated State Credit Awarded: $1,800,000
Summit at Granby Apartments, Granby
Sponsor: Summit Housing Group, Inc.
Summit at Granby Apartments will be a new construction development serving individuals and families and will be the first affordable Housing Tax Credit development in Granby. Mountain Family Center will provide resident services including counseling, nutrition education, diverse children’s programs, financial assistance, and a food pantry. The site is near transportation, and walkable community amenities. The property will be built with modular construction and an all-electric design, including a photovoltaic system.
67 Units: 6 Studio; 16 One-bedroom; 37 Two-bedroom; 7 Three-bedroom
7 @ 30% AMI; 10 @ 40% AMI; 11 @ 50% AMI; 5 @ 60% AMI; 14 @ 70% AMI; 19 @ 80% AMI, one employee unit
Federal 4% Credit Awarded: $1,505,776
Accelerated State Credit Awarded: $764,007
Tiara Apartments, Aurora
Sponsor: KCG Development, LLC
Tiara Apartments will rehabilitate and preserve an existing affordable rental housing development serving adults aged 62 and older. Originally built in 1962, the property will be rehabilitated with new building systems and health and safety repairs, as well as renovating the common areas and interior units. Portfolio Resident Services will provide services customized to resident needs, which may include health services, translation assistance, and social programs. All units are supported with a rental assistance contract. The site is within walking distance of transportation, healthcare, and a park.
50 Units: 9 Studio; 23 One-bedroom; 18 Two-bedroom
10 @ 30% AMI; 15 @ 50% AMI; 25 @ 60% AMI
Federal 4% Credit Awarded: $877,787
Accelerated State Credit Awarded: 1,330,000
For more information about the Housing Credit program, please contact Kathryn Grosscup, Manager, Housing Tax Credit at 303.297.7368.