Developments receiving award reservations include:
Bentley Commons, Colorado Springs
Developer: GPR Properties III – a partnership between Greccio Housing Unlimited, Partners in Housing, and Rocky Mountain Community Land Trust
Bentley Commons will include the acquisition and rehabilitation of 24 units as well as new construction of 168 units serving families in southeast Colorado Springs. Twenty-five units will serve veterans exiting chronic homelessness with Veterans Assistance Supportive Housing (VASH) vouchers and services provided by the Veterans Administration. The City of Colorado Springs and El Paso County are also providing financial support.
192 Units: 60 One-Bedroom; 105 Two-Bedroom; 27 Three-Bedroom
27 @ 30% AMI; 19 @ 40% AMI; 102 @ 50% AMI; 44 @ 60% AMI
State Credit Awarded: $1,000,000
4% Credit Awarded: $2,735,647
Elevate at Aurora, Aurora
Developer: Columbia Ventures Colorado, LLC
Elevate at Aurora will be a service-enriched development serving individuals and families. It will include construction of a facility for the nonprofit, CrossPurpose, a provider of workforce development services. This development will support the City of Aurora’s Plan for workers in the city’s fastest growing professions. The development is located near schools, grocery, retail amenities, and the Anschutz Medical Center. The development is supported by Living Hope Community Church, which owns the site, the City of Aurora, and the Aurora Housing Authority.
137 Units: 6 Studio; 62 One-Bedroom; 52 Two-Bedroom; 17 Three-Bedroom
7 @ 30% AMI; 7 @ 40% AMI; 34 @ 50% AMI; 55 @ 60% AMI; 34 @ 70% AMI
State Credit Awarded: $1,000,000
4% Credit Awarded: $2,689,571
Heartside Hill, Fort Collins
Developer: CARE Housing, Inc
Heartside Hill will be a new development serving individuals and families in south Fort Collins. Housing Catalyst will provide 16 project-based vouchers to support residents. Residents will have access to a campus community building that will include an early childhood education center, health care services, and resident services. The land for the development is being donated by Heart of the Rockies Christian Church. The City of Fort Collins and Larimer County are providing financial support. The development will certify to Zero Energy Ready Homes, an advanced energy efficiency program.
71 Units: 6 One-Bedroom; 29 Two-Bedroom; 30 Three-Bedroom; 6 Four-Bedroom
5 @ 30% AMI; 8 @ 40% AMI; 8 @ 50% AMI; 50 @ 60% AMI
State Credit Awarded: $989,961
4% Credit Awarded: $1,171,431
Irving at Mile High Vista, Denver
Developer: Urban Land Conservancy and Cho Development
Irving at Mile High Vista will be a seven-story, high-rise development in the West Colfax neighborhood near high-frequency bus routes and light rail, and will be walkable to schools, daily amenities, parks, and recreation. The Rodolfo “Corky” Gonzales Branch Library is adjacent to the site. The site also provides close access to Paco Sanchez Park. The development will serve a wide range of household incomes, and include transit passes for all residents and universal design features. The land will be donated by the developer. The City of Denver and the Denver Housing Authority are providing financial support.
102 Units: 6 Studio; 78 One-Bedroom; 12 Two-Bedroom; 6 Three-Bedroom
5 @ 20% AMI; 20 @ 30% AMI; 29 @ 50% AMI; 17 @ 60% AMI; 31 @ 80% AMI
State Credit Awarded: $1,000,000
4% Credit Awarded: $1,934,593
Legacy Senior Residences, Arvada
Developer: Cornerstone Housing Group, LLC
Legacy Senior Residences will be an age-restricted development serving adults ages 55 and older. Eight units will be supported by project-based vouchers from the Arvada Housing Authority, along with services the City of Arvada’s Homeless Navigation program. The development is on an infill site located within walking distance to grocery, retail, and other amenities. The City of Arvada and Arvada Housing Authority are providing financial support.
72 Units: 38 One-Bedroom; 34 Two-Bedroom
8 @ 30% AMI; 4 @ 50% AMI; 60 @ 60% AMI
State Credit Awarded: $1,000,000
4% Credit Awarded: $1,078,412
Marshall Homes, Arvada
Developer: Family Tree, Inc and Blueline Development, Inc
Marshall Homes will be a supportive housing development serving individuals and families exiting homelessness. Residents will be supported by project-based vouchers from Colorado Division of Housing, Foothills Regional Housing, and the Arvada Housing Authority. Onsite services will be offered by Family Tree and Jefferson Center for Mental Health. The City of Arvada and Jefferson County are providing financial support.
85 Units: 70 One-Bedroom; 15 Two-Bedroom
85 @ 30% AMI
State Credit Awarded: $648,429
4% Credit Awarded: $1,553,542
Rally Apartments, Boulder
Developer: Boulder Housing Partners
Rally Apartments will serve individuals and families exiting homelessness. Ten units will be supported by project-based vouchers from the developer with supportive services provided by the Boulder Shelter for the Homeless. Additional resident services will be provided by a full-time resident services coordinator. Significant local funding is leveraged from the City of Boulder, Boulder County, and the developer. The site is located near employment centers, grocery, public transportation, and other amenities.
100 Units: 24 Studio; 62 One-Bedroom; 14 Two-Bedroom
10 @ 30% AMI; 5 @ 40% AMI; 22 @ 50% AMI; 63 @ 60% AMI
State Credit Awarded: $1,000,000
4% Credit Awarded: $1,778,095
Reserves at Eagle Point, Aurora
Developer: Overland Property Group
The Reserves at Eagle Point will be a development serving individuals and families in the Aurora One master-planned community. The site is near job centers, K-12 schools, and open space. The development will serve a range of incomes and offer one-, two-, and three-bedroom units. The development will certify to Zero Energy Ready Homes, an advanced energy efficiency program and will all be all-electric. The City of Aurora and the Aurora Housing Authority are providing financial support.
192 Units: 48 One-Bedroom; 96 Two-Bedroom; 48 Three-Bedroom
20 @ 30% AMI; 20 @ 40% AMI; 22 @ 50% AMI; 86 @ 60% AMI; 28 @ 70% AMI; 16 @ 80% AMI
State Credit Awarded: $1,000,000
4% Credit Awarded: $3,276,397
Residences at Acoma, Denver
Developer: Second Chance Center
Residences at Acoma will provide 60 supportive housing units for individuals and families with multiple barriers to housing stability, experiencing chronic homelessness, and/or justice-system involvement, as well as 68 units for families. The Colorado Division of Housing will provide project-based vouchers for the supportive housing units and WellPower will provide onsite clinical and supportive services. Families will be able to access services through the developer’s career readiness and apprenticeship program. The City of Denver and Denver Housing Authority are providing financial support.
128 Units: 121 One-Bedroom; 7 Two-Bedroom
60 @ 30% AMI; 68 @ 60% AMI
State Credit Awarded: $953,024
4% Credit Awarded: $1,619,731
RidgeGate Senior, Lone Tree
Developer: Koelbel and Company
RidgeGate Senior will be the first age-restricted development serving adults ages 62 and older in Lone Tree and will serve a wide range of incomes. The development will be located in the master-planned community of RidgeGate East Villages in the central village couplet district. The site will be walkable to grocery and other future amenities. Residents will be served by the Link-On-Demand free shuttle service to locations within Lone Tree. The Douglas County Housing Authority and City of Lone Tree are providing financial support.
101 Units: 74 One-Bedroom; 27 Two-Bedroom
11 @ 30% AMI; 11 @ 40% AMI; 17 @ 50% AMI; 38 @ 60% AMI; 16 @ 70% AMI; 8 @ 80% AMI
State Credit Awarded: $1,000,000
4% Credit Awarded: $1,845,371
Smith Ranch Apartments, Silverthorne
Developer: Gorman and Company, LLC
Smith Ranch will be a development constructed in a mixed-income, mixed-use neighborhood serving individuals and families. The Town of Silverthorne will lease the site at no cost and provide financial support for the development. Residents will have access to the Summit Stage bus, nearby childcare facility, retail, trails, and open space.
65 Units: 27 One-Bedroom; 24 Two-Bedroom; 13 Three-Bedroom; 1 Two-Bedroom Manager Unit
4 @ 30% AMI; 60 @ 60% AMI; 1 Manager Unit
State Credit Awarded: $300,000
4% Credit Awarded: $1,348,613
Warren Village III at Alameda, Denver
Developer: Warren Village, Inc
Warren Village III at Alameda will be the first supportive housing development in Denver with a focus on families and single-parent households. The Denver Housing Authority and the City of Denver Department of Housing Opportunity (HOST) will provide project-based vouchers and rental assistance to 79 units. Supportive services will be provided by the developer and WellPower. The development will include an Early Learning Center (ELC) operated by the developer, with capacity for 100 children at affordable tuition rates. Turn-key development services will be provided by Urban Ventures, LLC. Funding is leveraged from Denver as well as the developer.
89 Units: 7 One-Bedroom; 63 Two-Bedroom; 19 Three-Bedroom
40 @ 30% AMI; 44 @ 50% AMI; 5 @ 60% AMI
State Credit Awarded: $1,000,000
4% Credit Awarded: $2,484,288
Willoughby Corner Phase IB Family, Lafayette
Developer: Boulder County Housing Authority
Willoughby Corner Family will be an energy efficient, all-electric, net-zero development serving individuals and families in a master-planned affordable rental and ownership community developed by the Boulder County Housing Authority. The City of Lafayette partnered to support the development with a land donation and funding. The developer will create a preference for income-qualified residents displaced by the Marshall Fire in Boulder County. The development will certify to Zero Energy Ready Homes, an advanced energy efficiency program.
129 Units: 87 One-Bedroom; 30 Two-Bedroom; 12 Three-Bedroom
7 @ 30% AMI; 9 @ 40% AMI; 52 @ 50% AMI; 61 @ 60% AMI
State Credit Awarded: $1,000,000
4% Credit Awarded: $3,099,664
For more information about the Housing Tax Credit program, please contact Kathryn Grosscup, Manager, Housing Tax Credit at 303.297.7368 or [email protected].
Developer: GPR Properties III – a partnership between Greccio Housing Unlimited, Partners in Housing, and Rocky Mountain Community Land Trust
Bentley Commons will include the acquisition and rehabilitation of 24 units as well as new construction of 168 units serving families in southeast Colorado Springs. Twenty-five units will serve veterans exiting chronic homelessness with Veterans Assistance Supportive Housing (VASH) vouchers and services provided by the Veterans Administration. The City of Colorado Springs and El Paso County are also providing financial support.
192 Units: 60 One-Bedroom; 105 Two-Bedroom; 27 Three-Bedroom
27 @ 30% AMI; 19 @ 40% AMI; 102 @ 50% AMI; 44 @ 60% AMI
State Credit Awarded: $1,000,000
4% Credit Awarded: $2,735,647
Elevate at Aurora, Aurora
Developer: Columbia Ventures Colorado, LLC
Elevate at Aurora will be a service-enriched development serving individuals and families. It will include construction of a facility for the nonprofit, CrossPurpose, a provider of workforce development services. This development will support the City of Aurora’s Plan for workers in the city’s fastest growing professions. The development is located near schools, grocery, retail amenities, and the Anschutz Medical Center. The development is supported by Living Hope Community Church, which owns the site, the City of Aurora, and the Aurora Housing Authority.
137 Units: 6 Studio; 62 One-Bedroom; 52 Two-Bedroom; 17 Three-Bedroom
7 @ 30% AMI; 7 @ 40% AMI; 34 @ 50% AMI; 55 @ 60% AMI; 34 @ 70% AMI
State Credit Awarded: $1,000,000
4% Credit Awarded: $2,689,571
Heartside Hill, Fort Collins
Developer: CARE Housing, Inc
Heartside Hill will be a new development serving individuals and families in south Fort Collins. Housing Catalyst will provide 16 project-based vouchers to support residents. Residents will have access to a campus community building that will include an early childhood education center, health care services, and resident services. The land for the development is being donated by Heart of the Rockies Christian Church. The City of Fort Collins and Larimer County are providing financial support. The development will certify to Zero Energy Ready Homes, an advanced energy efficiency program.
71 Units: 6 One-Bedroom; 29 Two-Bedroom; 30 Three-Bedroom; 6 Four-Bedroom
5 @ 30% AMI; 8 @ 40% AMI; 8 @ 50% AMI; 50 @ 60% AMI
State Credit Awarded: $989,961
4% Credit Awarded: $1,171,431
Irving at Mile High Vista, Denver
Developer: Urban Land Conservancy and Cho Development
Irving at Mile High Vista will be a seven-story, high-rise development in the West Colfax neighborhood near high-frequency bus routes and light rail, and will be walkable to schools, daily amenities, parks, and recreation. The Rodolfo “Corky” Gonzales Branch Library is adjacent to the site. The site also provides close access to Paco Sanchez Park. The development will serve a wide range of household incomes, and include transit passes for all residents and universal design features. The land will be donated by the developer. The City of Denver and the Denver Housing Authority are providing financial support.
102 Units: 6 Studio; 78 One-Bedroom; 12 Two-Bedroom; 6 Three-Bedroom
5 @ 20% AMI; 20 @ 30% AMI; 29 @ 50% AMI; 17 @ 60% AMI; 31 @ 80% AMI
State Credit Awarded: $1,000,000
4% Credit Awarded: $1,934,593
Legacy Senior Residences, Arvada
Developer: Cornerstone Housing Group, LLC
Legacy Senior Residences will be an age-restricted development serving adults ages 55 and older. Eight units will be supported by project-based vouchers from the Arvada Housing Authority, along with services the City of Arvada’s Homeless Navigation program. The development is on an infill site located within walking distance to grocery, retail, and other amenities. The City of Arvada and Arvada Housing Authority are providing financial support.
72 Units: 38 One-Bedroom; 34 Two-Bedroom
8 @ 30% AMI; 4 @ 50% AMI; 60 @ 60% AMI
State Credit Awarded: $1,000,000
4% Credit Awarded: $1,078,412
Marshall Homes, Arvada
Developer: Family Tree, Inc and Blueline Development, Inc
Marshall Homes will be a supportive housing development serving individuals and families exiting homelessness. Residents will be supported by project-based vouchers from Colorado Division of Housing, Foothills Regional Housing, and the Arvada Housing Authority. Onsite services will be offered by Family Tree and Jefferson Center for Mental Health. The City of Arvada and Jefferson County are providing financial support.
85 Units: 70 One-Bedroom; 15 Two-Bedroom
85 @ 30% AMI
State Credit Awarded: $648,429
4% Credit Awarded: $1,553,542
Rally Apartments, Boulder
Developer: Boulder Housing Partners
Rally Apartments will serve individuals and families exiting homelessness. Ten units will be supported by project-based vouchers from the developer with supportive services provided by the Boulder Shelter for the Homeless. Additional resident services will be provided by a full-time resident services coordinator. Significant local funding is leveraged from the City of Boulder, Boulder County, and the developer. The site is located near employment centers, grocery, public transportation, and other amenities.
100 Units: 24 Studio; 62 One-Bedroom; 14 Two-Bedroom
10 @ 30% AMI; 5 @ 40% AMI; 22 @ 50% AMI; 63 @ 60% AMI
State Credit Awarded: $1,000,000
4% Credit Awarded: $1,778,095
Reserves at Eagle Point, Aurora
Developer: Overland Property Group
The Reserves at Eagle Point will be a development serving individuals and families in the Aurora One master-planned community. The site is near job centers, K-12 schools, and open space. The development will serve a range of incomes and offer one-, two-, and three-bedroom units. The development will certify to Zero Energy Ready Homes, an advanced energy efficiency program and will all be all-electric. The City of Aurora and the Aurora Housing Authority are providing financial support.
192 Units: 48 One-Bedroom; 96 Two-Bedroom; 48 Three-Bedroom
20 @ 30% AMI; 20 @ 40% AMI; 22 @ 50% AMI; 86 @ 60% AMI; 28 @ 70% AMI; 16 @ 80% AMI
State Credit Awarded: $1,000,000
4% Credit Awarded: $3,276,397
Residences at Acoma, Denver
Developer: Second Chance Center
Residences at Acoma will provide 60 supportive housing units for individuals and families with multiple barriers to housing stability, experiencing chronic homelessness, and/or justice-system involvement, as well as 68 units for families. The Colorado Division of Housing will provide project-based vouchers for the supportive housing units and WellPower will provide onsite clinical and supportive services. Families will be able to access services through the developer’s career readiness and apprenticeship program. The City of Denver and Denver Housing Authority are providing financial support.
128 Units: 121 One-Bedroom; 7 Two-Bedroom
60 @ 30% AMI; 68 @ 60% AMI
State Credit Awarded: $953,024
4% Credit Awarded: $1,619,731
RidgeGate Senior, Lone Tree
Developer: Koelbel and Company
RidgeGate Senior will be the first age-restricted development serving adults ages 62 and older in Lone Tree and will serve a wide range of incomes. The development will be located in the master-planned community of RidgeGate East Villages in the central village couplet district. The site will be walkable to grocery and other future amenities. Residents will be served by the Link-On-Demand free shuttle service to locations within Lone Tree. The Douglas County Housing Authority and City of Lone Tree are providing financial support.
101 Units: 74 One-Bedroom; 27 Two-Bedroom
11 @ 30% AMI; 11 @ 40% AMI; 17 @ 50% AMI; 38 @ 60% AMI; 16 @ 70% AMI; 8 @ 80% AMI
State Credit Awarded: $1,000,000
4% Credit Awarded: $1,845,371
Smith Ranch Apartments, Silverthorne
Developer: Gorman and Company, LLC
Smith Ranch will be a development constructed in a mixed-income, mixed-use neighborhood serving individuals and families. The Town of Silverthorne will lease the site at no cost and provide financial support for the development. Residents will have access to the Summit Stage bus, nearby childcare facility, retail, trails, and open space.
65 Units: 27 One-Bedroom; 24 Two-Bedroom; 13 Three-Bedroom; 1 Two-Bedroom Manager Unit
4 @ 30% AMI; 60 @ 60% AMI; 1 Manager Unit
State Credit Awarded: $300,000
4% Credit Awarded: $1,348,613
Warren Village III at Alameda, Denver
Developer: Warren Village, Inc
Warren Village III at Alameda will be the first supportive housing development in Denver with a focus on families and single-parent households. The Denver Housing Authority and the City of Denver Department of Housing Opportunity (HOST) will provide project-based vouchers and rental assistance to 79 units. Supportive services will be provided by the developer and WellPower. The development will include an Early Learning Center (ELC) operated by the developer, with capacity for 100 children at affordable tuition rates. Turn-key development services will be provided by Urban Ventures, LLC. Funding is leveraged from Denver as well as the developer.
89 Units: 7 One-Bedroom; 63 Two-Bedroom; 19 Three-Bedroom
40 @ 30% AMI; 44 @ 50% AMI; 5 @ 60% AMI
State Credit Awarded: $1,000,000
4% Credit Awarded: $2,484,288
Willoughby Corner Phase IB Family, Lafayette
Developer: Boulder County Housing Authority
Willoughby Corner Family will be an energy efficient, all-electric, net-zero development serving individuals and families in a master-planned affordable rental and ownership community developed by the Boulder County Housing Authority. The City of Lafayette partnered to support the development with a land donation and funding. The developer will create a preference for income-qualified residents displaced by the Marshall Fire in Boulder County. The development will certify to Zero Energy Ready Homes, an advanced energy efficiency program.
129 Units: 87 One-Bedroom; 30 Two-Bedroom; 12 Three-Bedroom
7 @ 30% AMI; 9 @ 40% AMI; 52 @ 50% AMI; 61 @ 60% AMI
State Credit Awarded: $1,000,000
4% Credit Awarded: $3,099,664
For more information about the Housing Tax Credit program, please contact Kathryn Grosscup, Manager, Housing Tax Credit at 303.297.7368 or [email protected].