The following developments are receiving federal 4 percent, accelerated state Housing Tax Credit, and Transit-oriented Communities (TOC) credit (if applicable) award reservations in 2025’s Round Two.
1001 Lincoln Street, Denver
Co-sponsors: Kentro Group and ComCap Ventures LLC
1001 Lincoln Street will be a newly constructed development built on top of an existing parking garage and foundation. It will serve individuals and families in central Denver. The sponsors are partnering with NEWSED Community Development Corporation to provide services to residents including homebuyer education, pre-purchase housing counseling, financial literacy classes, and credit counseling. The development site is within a half mile walk to transportation, shopping, middle school, high school, library, museums and cultural centers, hospital and medical clinics, and several parks. The site is also within one mile of a grocery store, child care, elementary school, high school, light rail station, head start and recreation center. The property will be built with an electrification-ready design and include a photovoltaic system.
118 Units: 13 Studio; 77 One-bedroom; 23 Two-bedroom; 5 Three-bedroom
13 @ 30% AMI; 42 @ 50% AMI; 47 @ 60% AMI; 16 @70%
Federal 4% Credit Awarded: $2,053,643
Accelerated State Credit Awarded: $1,800,000
TOC Credit Awarded: $153,400
1139 Delaware Street, Denver
Sponsor: Sherman Associates Development LLC
1139 Delaware Street will be a newly constructed, Supportive Housing development in Denver’s Golden Triangle neighborhood. It will serve individuals and families exiting homelessness and those who also may have intellectual and developmental disabilities (I/DD) and other disabilities. Denver Housing Authority will lease the land for the development that was acquired through the D3 Bond Program and provide 60 project-based Housing Choice Vouchers. The Colorado Division of Housing will provide 20 project-based Project 811 vouchers to support residents and the City of Denver’s Department of Housing Stability will provide funding for supportive services. The Sponsor will partner with Family Tree, which will provide onsite services to residents including case management, individualized service plans, transportation assistance, recreational and social activities, independent living skills training, mental health and substance-use services, employment support, and family advocacy. The development site is within a half mile walk to shopping, employment centers, child care, a grocery store, restaurants, services, high schools, recreation centers, green space, museums, health care, entertainment, and multiple high-frequency bus lines. The property will be built with trauma-informed, all-electric, and solar-ready designs.
80 Units: 8 Studio; 52 One-bedroom; 12 Two-bedroom; 8 Three-bedroom
80 @ 30% AMI
Federal 4% Credit Awarded: $1,640,385
Accelerated State Credit Awarded: $1,800,000
Atwood Commons, Longmont
Sponsor: Brikwell
Atwood Commons will be a newly constructed development serving individuals and families in central Longmont. Longmont Housing Authority will provide eight Project-based Vouchers to support residents. The sponsor is partnering with Outreach United Resource Center, Inc, (OUR Center) to provide onsite services to residents including, education, employment and job skills support, family and parenting programs, as well as offsite services including food programs and case management. The development site is within a half mile walk of transportation, shopping, child care, a park and elementary school, and within a mile of a grocery store, and medical clinic. The property will be built with an all-electric design and photovoltaic system.
72 Units: 18 One-bedroom; 54 Two-bedroom
6 @ 30% AMI; 7 @ 40% AMI; 12 @ 60% AMI; 29 @ 70% AMI
Federal 4% Credit Awarded: $1,386,621
Accelerated State Credit Awarded: $1,733,276
Central Park Station Phase I, Denver
Sponsor: Ulysses Development Group
Central Park Station Phase I will be a newly constructed development serving individuals and families in Denver’s Central Park neighborhood. The development will include a 5,000 square-foot Early Childhood Education center, providing onsite access to child care for residents. Land for the development will be leased by RTD. The development site is within a two-minute walk to the RTD Central Park Station, and the sponsor is providing residents with transit passes. The site is also within proximity to parks, schools, and recreation. The property will be built with an all-electric design and photovoltaic system.
156 Units: 76 One-bedroom; 50 Two-bedroom; 27 Three-bedroom; 3 Four-bedroom
17 @ 30% AMI; 10 @ 50% AMI; 88 @ 60% AMI; 41 @ 70% AMI
Federal 4% Credit Awarded: $3,153,663
Accelerated State Credit Awarded: $1,800,000
TOC Credit Awarded: $200,000
Cole Train, Denver
Sponsor: Medici Development LLC
Cole Train will be a newly constructed development serving individuals and families in Denver’s Cole neighborhood. To provide services to residents, the sponsor is partnering with Tramway Nonprofit Center, which neighbors the site and offers health, training, arts, and social services, as well as early childhood education. A recreation center, parks, playground, green space, and several schools are within a half mile walk of the development site. The property will certify to the DOE Efficient New Homes Program (formerly known as Zero Energy Ready Homes Program) and will be built with an all-electric and solar-ready design.
63 Units: 8 Studio; 29 One-bedroom; 22 Two-bedroom; 4 Three-bedroom
8 @ 30% AMI; 9 @ 40% AMI; 24 @ 50% AMI; 22 @ 60% AMI
Federal 4% Credit Awarded: $887,121
Accelerated State Credit Awarded: $1,108,901
TOC Credit Awarded: $81,900
Crossbar Commons, Aurora
Sponsor: Mercy Housing Mountain Plains
Crossbar Commons will be a newly constructed development serving individuals and families in northeast Aurora. The City of Aurora will lease the land at no cost and provide financial support for the development. Services provided to residents will include financial wellbeing and literacy, job readiness, legal aid, English-as-a-second-language education, and after-school programming. In addition, behavioral support services will be provided onsite through a partnership with Aurora Mental Health and Recovery. The Sponsor will also partner with the Colorado Soccer Foundation on a Soccer City Aurora membership program for all households, which is conveniently located across the street from the site. The development site is next to a bus stop and convenience store, and within a half mile walk of two grocery stores, shopping, an elementary and middle school, park, Highline Canal trail, library, post office, fire station, pharmacy and child care center. The property will be built with an all-electric and solar-ready design.
104 Units: 51 One-bedroom; 35 Two-bedroom; 15 Three-bedroom; 3 Four-bedroom
6 @ 30% AMI; 98 @ 50% AMI
Federal 4% Credit Awarded: $2,072,238
Accelerated State Credit Awarded: $1,800,000
TOC Credit Awarded: $135,200
Sugar Commons, Sterling
Sponsor: Völker Housing Partners, LLC
Sugar Commons will be a newly constructed development serving individuals and families and is the first development supported with Housing Tax Credits to serve families in Sterling in over 25 years. The sponsor will provide onsite services focusing on health, personal care, equipment, and transportation. Residents will also receive access to wellness or other educational programs, activities, community events, activities, workshops, and referrals to local organizations for additional services. The development site is within a half mile walk of transportation, a grocery store, pharmacy, park, child care center, recreation, and services. Less than a mile away are an elementary school, middle school, and high school. The property will be built with an electrification-ready and solar-ready design.
54 Units: 18 One-bedroom; 21 Two-bedroom; 15 Three-bedroom
5 @ 30% AMI; 11 @ 50% AMI; 24 @ 60% AMI; 14 @ 70% AMI
Federal 4% Credit Awarded: $1,059,696
Accelerated State Credit Awarded: $1,324,619
University Building Lofts, Denver
Co-sponsors: Mile High Development and BMC Investments
University Building Lofts will consist of an adaptive reuse of an existing historic commercial building and will serve individuals and families in central downtown Denver. The development will feature community-serving space, including a food pantry. The development site is on 16th Street, formerly known as the 16th Street Mall, and is within a half mile walk of multiple RTD light rail stations and bus line stops, the Colorado Convention Center, Auraria Campus, Union Station, schools, and two grocery stores. The Sponsors will provide transit passes for residents. The property will be built with an electrification-ready and solar-ready design.
120 Units: 57 Studio; 52 One-bedroom; 11 Two-bedroom
12 @ 30% AMI; 12 @ 40% AMI; 17 @ 50% AMI; 27 @ 60% AMI; 35 @ 70% AMI; 17 @ 80% AMI
Federal 4% Credit Awarded: $3,098,211
Accelerated State Credit Awarded: $1,800,000
TOC Credit Awarded: $156,000
Village on Eastbrook, Fort Collins
Sponsor: Housing Catalyst
Village on Eastbrook will be a newly constructed development serving individuals and families in southeast Fort Collins. The development will be certified under Colorado State University’s Institute for the Built Environment’s Lifelong Homes Pilot Certification and is financially supported by the City of Fort Collins. The sponsor will provide resident services including referrals to community partners, assisting with education for financial stability, job searches, and counseling. The Sponsor will include optional positive rental payment history to credit bureau agencies to help residents build credit and increase the chances of continued upward housing mobility. The development site is within a half mile walk of a high school and park. The building will certify to the Institute for the Built Environment’s (IBE) Lifelong Homes Pilot Certification, which aims to create a healthy, active, sustainable, and accessible living environment for residents of all ages and abilities. The property will be built with an all-electric design and photovoltaic system.
73 Units: 44 One-bedroom; 29 Two-bedroom
7 @ 30% AMI; 5 @ 40% AMI; 21 @ 50% AMI; 18 @ 60% AMI; 10 @ 70% AMI; 12 @ 80% AMI
Federal 4% Credit Awarded: $1,251,131
Accelerated State Credit Awarded: $1,800,000
For more information about the Housing Credit program, please contact Kathryn Grosscup, Manager, Housing Tax Credit at 303.297.7368 or kgrosscup@chfainfo.com.