Salida Ridge Apartments

2023

Rental Housing

Salida

Salida Ridge Apartments provides 48 affordable rental housing units to residents of Salida with incomes between 30 to 50 percent of the Area Median Income. Developed by Commonwealth Development Corporation, Salida Ridge offers a mix of one-, two-, and three-bedroom apartment homes located close to the Arkansas River and recreation amenities. CHFA was proud to support Salida Ridge Apartments with a reservation of $1,220,000 in federal 9 percent Housing Tax Credits in 2020 and $1,611,000 in permanent financing in 2021.

“Without the Housing Tax Credits from CHFA as well as the financing they provided, Salida Ridge Apartments would not have been possible,” explained Ted Goltzman, Vice President of Development at Commonwealth Development Corporation. “Particularly in rural and mountain towns, these financial tools are critical to enable the development of quality affordable housing.”