An example of a CHFA Multifamily Lending Mixed Use project.
Vina Apartments, Denver
New construction of 150 units for families
Who the Project Serves
The property serves families earning between 30 and 80 percent Area Median Income.
The property is located within the Elyria-Swansea neighborhood and is part of the Urban Land Conservancy’s six-acre master-planned development, which features a 99-year ground lease to help maintain long-term affordability for residents. The project houses the new headquarters of long-term neighborhood anchor, Clinica Tepeyac, a Federally Qualified Health Clinic (FQHC). Additionally, there is 7,000 square feet for a fresh food retail grocery store. Twenty-five percent of the units will be set aside to serve individuals with disabilities.
Columbia Ventures and New Columbia Residential are the co-sponsors and new CHFA partners.
- Denver HOST
- Colorado Division of Housing
How We Got the Deal Done
- 4 percent Housing Credits
- State Affordable Housing Credits (state Credits)
- $750,000 Capital Magnet Fund (CMF) gap financing loan with a 17-year term, 35-year amortization