Pena Station, Denver
Pena Station provides affordable housing for area workers including those working at the Denver International Airport. Twenty-five percent of the units are reserved for tenants with incomes up to 80 percent AMI. Other units are at market rates.
CHFA Helped by Providing
A subordinate $4,000,000 MIAP loan with a three-year, interest-only term
- Wells Fargo - senior lender: $28,213,082
- MGL Partners - developer
- City of Denver HOST: $1,000,000
- Impact Development Fund: $2,000,000
As the first urban-oriented MIAP-funded community, Pena Station will provide housing for up to 216 households with incomes up to 80 percent AMI.