The following developments are receiving federal 9 percent, standard state Housing Tax Credit, and Transit-oriented Communities (TOC) credit (if applicable) award reservations in 2025’s Round One.
101 Main, Frisco
Sponsor: The NHP Foundation
101 Main will be a newly constructed development serving individuals and families. The site is located on Frisco’s Main Street, across the street from transportation, and proximate to parks, grocery stores, and other amenities. Offsite services will be available to residents via the sponsor’s service affiliate, Operation Pathways, which develops and implements programs and services based on resident needs. The Town of Frisco is providing significant financial support for the development. The development will also include 664 square feet of ground-floor commercial space. The property will be built with an all-electric design including a photovoltaic system and meet the Zero Energy Ready Homes (ZERH) certification.
52 Units: 24 Studio; 17 One-bedroom; 11 Two-bedroom
6 @ 30% AMI; 25 @ 50% AMI; 21 @ 80% AMI
Federal 9% Credit Awarded: $1,600,000
Standard State Credit Awarded: $650,000
Arapahoe PSH, Aurora
Sponsor: Brothers Redevelopment, Inc.
Arapahoe PSH will be a newly constructed development serving individuals experiencing homelessness and who have previously been involved with the justice system. AllHealth Network will offer an Intensive Case Management model to provide supportive services to residents including therapy, peer support services, employment and job-related services, and others as needed or requested. Services will be supported by Aurora Mental Health & Recovery and STRIDE. The Aurora Housing Authority will provide 10 Project-based Vouchers, and the Colorado Division of Housing will provide 50 project-based state housing vouchers. The site is within walking distance of transportation and proximate to a pharmacy, child care center, and shopping. The property will include 10 percent accessible units and will be built with a photovoltaic-ready design.
60 Units: 60 One-bedroom
60 @ 30% AMI
Federal 9% Credit Awarded: $1,600,000
Standard State Credit Awarded: $650,000
TOC Credit Awarded: $78,000
Blossom Commons, Westminster
Sponsor: Volker Housing Partners, LLC
Blossom Commons will be a newly constructed development serving adults aged 55 and older in downtown Westminster. The land was donated by the Westminster Economic Development Authority and as part of this partnership, the development will have a 60-year affordability term. The development will provide a resident services navigator who will help residents access services and organize activities, community events, and workshops, as well as collaborate with local organizations to provide services. The sponsor will provide transit passes and other transit options for residents. The site is within a half mile of commercial, retail, restaurants, urgent care, shopping, and a park. The property will be built with an electrification-ready and photovoltaic-ready design.
50 Units: 25 One-bedroom; 25 Two-bedroom
5 @ 30% AMI; 15 @ 50% AMI; 14 @ 60% AMI; 16 @ 70% AMI
Federal 9% Credit Awarded: $1,600,000
Standard State Credit Awarded: $650,000
TOC Credit Awarded: $65,000
Ives II, Wheat Ridge
Sponsor: Foothills Regional Housing
Ives II will be a newly constructed four-story development combining paired federal 9 percent and 4 percent credit awards serving individuals and families. The City of Wheat Ridge donated the land, and the sponsor will provide 30 Project-based Vouchers. Residents will have access to services provided by Jefferson Center for Mental Health at Ives I adjacent to Ives II. Additionally, other services will be provided by Developmental Disability Resource Center. The site is adjacent to a bus stop and within a half mile of an elementary school, grocery store, shopping center, park, and other amenities. The property will be built with an electrification-ready and photovoltaic-ready design.
54 Units: 30 One-bedroom; 20 Two-bedroom; 4 Three-bedroom
6 @ 30% AMI; 7 @ 40% AMI; 12 @ 60% AMI; 29 @ 70% AMI
Federal 9% Credit Awarded: $1,600,000
Standard State Credit Awarded: $650,000
TOC Credit Awarded: $70,200
44 Units: 23 One-bedroom; 16 Two-bedroom; 4 Three-bedroom
4 @ 30% AMI; 8 @ 40% AMI; 5 @ 50% AMI; 1 @ 60% AMI; 25 @ 70% AMI
Federal 4% Credit Awarded: $772,287
Standard State Credit Awarded: $650,000
TOC Credit Awarded: $57,200
Kite Route Crossing, Superior
Sponsor: Pennrose LLC
Kite Route Crossing will be a newly constructed development serving adults aged 55 and older in downtown Superior. The site is within a half mile of restaurants, fitness centers, medical services, walking trails, retail, services, transportation, and grocery stores with pharmacies. The development will leverage disaster relief funding provided to support recovery from the 2021 Marshall Fire that destroyed 1,000 homes in Boulder County. The property will be built with an all-electric and photovoltaic-ready design.
50 Units: 44 One-bedroom; 6 Two-bedroom
6 @ 30% AMI; 11 @ 50% AMI; 18 @ 60% AMI; 15 @ 70% AMI
Federal 9% Credit Awarded: $1,600,000
Standard State Credit Awarded: $650,000
Marq, Trinidad
Sponsor: Commonwealth Development Corporation of America
Marq will be a newly constructed development serving individuals and families. Trinidad Housing Authority will provide eight Project-based Vouchers. Residents living in the 30 percent AMI units will have access to services such as benefit program assistance, food delivery, and other forms of financial assistance and mental wellbeing services. The site is within a half mile of a medical facility and early learning center, less than one mile of a youth club, and proximate to schools, parks, retail, a grocery store, public library, and Trinidad State College. The City of Trinidad will provide fee waivers to support the development. The property will be built with an all-electric and photovoltaic-ready design.
40 Units: 6 One-bedroom; 17 Two-bedroom; 17 Three-bedroom
6 @ 30% AMI; 24 @ 50%; 10 @ 60%
Federal 9% Credit Awarded: $1,597,195
Standard State Credit Awarded: $650,000
Park Avenue Apartments, Denver
Sponsor: Colorado Coalition for the Homeless
Park Avenue Apartments will be a newly constructed Supportive Housing development serving persons exiting homelessness in Denver’s Globeville neighborhood. The Colorado Division of Housing will provide project-based state housing vouchers for all 60 units. A robust team of onsite resident services staff will coordinate and provide counseling, life skills training, financial literacy, crisis intervention, and job-readiness and employment training. The site is adjacent to a bus stop, a half mile from a light rail station, and close to grocery stores, retail and the South Platte River Trail. The sponsor will provide residents with transit passes. The property will be built with an electrification-ready and photovoltaic-ready design.
60 Units: 60 One-bedroom
26 @ 30% AMI; 20 @ 40% AMI; 7 @ 50% AMI; 7 @ 60% AMI
Federal 9% Credit Awarded: $1,600,000
Standard State Credit Awarded: $650,000
TOC Credit Awarded: $78,000
Ravenfield, Brighton
Sponsor: Brighton Housing Authority
Ravenfield will be a newly constructed development serving adults aged 62 and older. The sponsor will provide 11 Project-based Vouchers and provide funding for land costs and equity support. The Sponsor will also provide transit vouchers, arc Thrift Store vouchers, and onsite residents services such as food delivery in partnership with Food Bank of the Rockies, clothing drives, resource fairs, and older adult programming in partnership with Brighton’s new Eagle View Adult Center. The site is adjacent to a paved community walking path, which leads to a park a half mile away. The site is also near a grocery store and retail. The property will include 10 percent accessible units and will be built with an electrification-ready and photovoltaic-ready design.
46 Units: 41 One-bedroom; 5 Two-bedroom
9 @ 30% AMI; 11 @ 50% AMI; 26 @ 60% AMI
Federal 9% Credit Awarded: $1,600,000
Standard State Credit Awarded: $650,000
Rita Bass Apartments, Denver
Sponsor: Evergreen Real Estate Group
Rita Bass Apartments will be a newly constructed development serving individuals and families in Denver’s Baker neighborhood adjacent to Denver Health’s Rita Bass Trauma and EMS Institute. To provide onsite resident services, the sponsor is partnering with Family Tree to offer resource navigation, case management, community engagement and programming, and other services tailored to residents’ needs. The site is walkable and bikeable located along bike lanes and two blocks from retail, commercial, food, and transportation options, as well as connected to the Cherry Creek trail and bikeway three blocks away. The site is also within a half mile of a park and schools. The property will include 10 percent accessible units and will be built with an all-electric design and meet the Zero Energy Ready Homes (ZERH) certification.
60 Units: 20 One-bedroom; 20 Two-bedroom; 20 Three-bedroom
15 @ 30% AMI; 15 @ 60% AMI; 15 @ 70% AMI; 15 @ 80% AMI
Federal 9% Credit Awarded: $1,600,000
Standard State Credit Awarded: $650,000
TOC Credit Awarded: $78,000
Switchgrass Crossing, Fort Collins
Sponsor: Volunteers of America National Services
Switchgrass Crossing will be a newly constructed development serving adults aged 55 and older in central Fort Collins. Onsite resident services staff will coordinate and offer program-benefit and transportation navigation, activities and events, technology classes, and financial literacy in partnership with the Financial Health Institute. Residents will also have access to Fort Collins Volunteers of America’s food, veteran, and other older adult service programs. The site is walkable and bikeable with Mason Trail, public transportation, grocery stores, urgent care, food options, recreation, and retail within a half mile. Transportation options provide residents with access to downtown Fort Collins, medical centers, and hospitals. The property will include 13 percent accessible units and will be built with an all-electric design including a photovoltaic system and meet the Zero Energy Ready Homes (ZERH) certification.
45 Units: 39 One-bedroom; 6 Two-bedroom
5 @ 30% AMI; 5 @ 40% AMI; 10 @ 50% AMI; 25 @ 60% AMI
Federal 9% Credit Awarded: $1,600,000
Standard State Credit Awarded: $650,000
TOC Credit Awarded: $58,500
Tapestry LIHTC, Denver
Sponsor: Gorman & Company, LLC
Tapestry LIHTC will be a newly constructed development serving individuals and families in Denver’s Uptown neighborhood. Colorado Health Foundation donated the land. Hope Communities will provide residents with onsite education, skills, and support services for economic self-sufficiency, in addition to collaborating with other nonprofits to provide resident services such as career development, youth empowerment, and financial education. The development will include space for an early childhood education (ECE) center operated by Mile High Early Learning and a health clinic operated by The Uptown Clinic available to residents and the nearby community. The site is two blocks from public transportation and near employment, schools, grocery stores, restaurants, medical services, and a recreation center. The property will be built with an all-electric and photovoltaic-ready design.
72 Units: 8 One-bedroom; 32 Two-bedroom; 28 Three-bedroom; 4 Four-bedroom
8 @ 30% AMI; 12 @ 50% AMI; 38 @ 60% AMI; 14 @ 80% AMI
Federal 9% Credit Awarded: $1,600,000
Standard State Credit Awarded: $650,000
TOC Credit Awarded: $93,600
Tierra Azul, Alamosa
Sponsor: Community Resources & Housing Development Corp.
Tierra Azul will be a newly constructed development serving individuals and families located in a new neighborhood including a community clubhouse, townhomes, and single family homes. It will be one of the very few affordable rental housing opportunities in the area to offer three-bedroom units. The City of Alamosa is providing fee waivers to support the development. The sponsor will offer onsite services to residents including English-as-a-second-language education, financial literacy, health care education, housing stability counseling, and other services tailored to residents’ needs. The site is near child care, schools, a grocery store, park, and hospital. The property will be built with an all-electric and photovoltaic-ready design.
46 Units: 26 One-bedroom; 16 Two-bedroom; 4 Three-bedroom
5 @ 30% AMI; 4 @ 40% AMI; 3 @ 50% AMI; 19 @ 60% AMI; 9 @ 70% AMI; 6 @ 80% AMI
Federal 9% Credit Awarded: $1,600,000
Standard State Credit Awarded: $650,000
For more information about the Housing Credit program, please contact Kathryn Grosscup, Manager, Housing Tax Credit at 303.297.7368 or [email protected].