The following developments are receiving federal 9 percent and standard state Housing Tax Credit award reservations in 2024’s Round One.
Annex, Boulder
Sponsor: Grace Commons Church
30 Units: 18 Studio; 12 One-Bedroom
4 @ 30% AMI; 3 @ 40% AMI; 3 @ 50% AMI; 17 @ 60% AMI; 3 @ 70% AMI
Federal 9% Credit Awarded: $961,773
Standard State Credit: $700,000
The Annex will be a mixed-use new construction development that will serve individuals and families and provide economic opportunities for residents and the local community. Through a partnership with A Precious Child, training will be available to residents facing barriers to entering the workforce, along with opportunity for financial literacy education, mentorship, and certification achievement. Young adult residents will receive support and services through a partnership with TGTHER. A coffee shop and café and training space will be on the development’s first floor and an event space will be located on the fourth floor. The site is near Pearl Street Mall, a library, post office, convenience store, neighborhood shopping center, public park, grocery store, and off-street bike paths. The property will be built with an all-electric-ready design.
Aster Place, Battlement Mesa
Sponsor: Lincoln Avenue Communities
58 Units: 14 One-Bedroom; 28 Two-Bedroom; 16 Three-Bedroom
8 @ 30% AMI; 5 @ 40% AMI; 4 @ 50% AMI; 15 @ 60% AMI; 15 @ 70% AMI; 11 @ 80% AMI
Federal 9% Credit Awarded: $1,450,000
Standard State Credit: $700,000
Aster Place will be the first development built in the Battlement Mesa and Parachute community supported with Housing Tax Credits. Aster Place will serve individuals and families whose incomes range from 30 to 80 percent of the Area Median Income (AMI). The 30 percent AMI units will be supported with project-based vouchers from the Garfield County Housing Authority. The development will be built adjacent to a bus stop, within walking distance to a park, and near a grocery store, medical clinic, senior center, recreation center and neighborhood shopping center, childcare, a Head Start program, library, middle school, and government services. The property will be built with an all-electric design and Zero Energy Ready Homes (ZERH) certification.
Beeler Park Flats, Denver
Sponsor: Mile High Development
64 Units: 5 One-Bedroom; 51 Two-Bedroom; 8 Three-Bedroom
7 @ 30% AMI; 7 @ 40% AMI; 21 @ 50% AMI; 29 @ 60% AMI
Federal 9% Credit Awarded: $1,410,698
Standard State Credit: $700,000
Beeler Park Flats will serve individuals and families in Denver’s Central Park neighborhood. The Foundation for Sustainable Urban Communities will be officed onsite and will offer resident services, including healthy living courses, educational resources, and transportation support. The site is near a bus stop, grocery store, hospital, pharmacy, schools, the Shops at Northfield, Dick’s Sporting Goods Park, and the Rocky Mountain Arsenal National Wildlife Refuge. The property will be built with an all-electric-ready design.
Current, Grand Junction
Sponsor: Grand Junction Housing Authority
54 Units: 38 One-Bedroom; 16 Two-Bedroom
8 @ 30% AMI; 8 @ 40% AMI; 16 @ 50% AMI; 22 @ 60% AMI
Federal 9% Credit Awarded: $1,423,913
Standard State Credit: $700,000
The Current will serve individuals and families in west Grand Junction in the new Confluence neighborhood. The developer will provide eight project-based vouchers to support residents in the 30 percent AMI units. The site is within walking and biking distance of Mesa Mall, the recently expanded Community Hospital, and Canyon View Park. The property will be built with an all-electric design.
Grove at Cottonwood, Broomfield
Sponsors: Blueline Development Group and Broomfield Housing Alliance
40 Units: 30 One-Bedroom; 10 Two-Bedroom
10 @ 30% AMI; 9 @ 50% AMI; 21 @ 60% AMI
Federal 9% Credit Awarded: $1,400,247
Standard State Credit: $700,000
The Grove at Cottonwood will be a neuro-inclusive development serving families as well as individuals with Intellectual and Developmental Disabilities (I/DD) and is the first development of its kind in Broomfield supported with Housing Tax Credits. The Colorado Division of Housing will provide 10 Section 811 project-based vouchers supporting residents with I/DD in a community-based care model. A resident concierge will support all residents with service coordination, including transportation access and connection with service providers for onsite classes, meetings, or social groups requested by residents. The development will incorporate universal design principles. The site is within a residential neighborhood adjacent to a park and near open spaces, schools, the Broomfield Library and recreation center, and various service agencies and job opportunities. The property will be built with an all-electric design and Zero Energy Ready Homes (ZERH) certification.
Iliff Senior Apartments, Denver
Sponsor: MGL Partners
50 Units: 44 One-Bedroom; 6 Two-Bedroom
5 @ 30% AMI; 4 @ 40% AMI; 12 @ 50% AMI; 24 @ 60% AMI; 5 @ 80% AMI
Federal 9% Credit Awarded: $1,396,651
Standard State Credit: $700,000
Iliff Senior Apartments will serve adults aged 62 and older in southeast Denver’s University Hills neighborhood. Through a partnership with Eaton Senior Communities, service coordination will be offered to residents to promote wellness and aging in place, as well as access to community resources. The building will include additional accessible units to support aging in place, patios and balconies, and storage units, and the majority of old-growth trees at the site will be preserved. The site is located within walking distance of a soon-to-be-built park, and near public transportation, a grocery store, pharmacy, medical offices, and retail. Nearby community amenities include a library, recreation center, and senior center. The property will be built with an all-electric-ready design.
Kappa Tower III, Denver
Sponsor: Kappa Housing, Inc.
30 Units: 18 One-Bedroom; 12 Two-Bedroom
9 @ 30% AMI; 9 @ 40% AMI; 12 @ 50% AMI
Federal 9% Credit Awarded: $941,084
Standard State Credit: $700,000
Kappa Tower III will serve adults aged 62 and older in Denver’s Central Park neighborhood. Kappa Tower III is the second phase of a multiphase development, and residents will have access to Kappa Tower II amenities, including a resident services coordinator. Services include wellness checkups, health and nutrition education, dementia and cognitive awareness support, and fitness opportunities. Partnering organizations include the Center for African American Health, Denver Health, Volunteers of America, WellPower, Mobile Physicians Network, and Alzheimer’s Association. The Sponsor is providing the land to support the development at no cost. The site is adjacent to an RTD bus line and the Runway 35 Park, and near The Shops at Northfield, providing numerous retail and entertainment options. The property will be built with an all-electric design and Zero Energy Ready Homes (ZERH) certification.
Montview Flats, Littleton
Sponsor: South Metro Housing Options
50 Units: 37 One-Bedroom; 13 Two-Bedroom
10 @ 30% AMI; 6 @ 40% AMI; 14 @ 50% AMI; 12 @ 60% AMI; 8 @ 70% AMI
Federal 9% Credit Awarded: $1,352,727
Standard State Credit: $700,000
Montview Flats will serve individuals and families and the Sponsor will provide eight project-based vouchers to support residents in the 30 percent AMI units. Financial support will be provided by the Sponsor, the City of Littleton and Arapahoe County to support to the development. The site is adjacent to Arapahoe Community College and within walking distance of public transportation and downtown Littleton’s Main Street. Nearby amenities include a major grocer, library, post office, and several schools. The property will be built with an all-electric-ready design.
Range View, Saguache
Sponsor: Northwest Real Estate Development Capital Corp.
32 Units: 14 One-Bedroom; 12 Two-Bedroom
7 @ 30% AMI; 7 @ 40% AMI; 11 @ 50% AMI; 7 @ 60% AMI
Federal 9% Credit Awarded: $1,340,823
Standard State Credit: $700,000
Range View will serve individuals and families, and will be the first affordable housing development in Saguache County supported with Housing Tax Credits in over 25 years. Residents will have access to two virtual programs, Northwest Stepping Stones and Bridge2Commuity, connecting them to service providers, programs, and resources to promote self-sufficiency, community engagement, housing stability, and economic mobility. The land for the development will be contributed by the Saguache County Housing Authority. The site is within walking distance of Mountain Valley School, which serves pre-kindergarten through 12th grade, downtown Saguache, a park, and public library. The property will be built with an all-electric design.
Residences at Delta II, Delta
Sponsor: TWG Development, LLC
50 Units: 24 One-Bedroom; 8 Two-Bedroom; 18 Three-Bedroom
10 @ 30% AMI; 5 @ 40% AMI; 10 @ 50% AMI; 25 @ 60% AMI
Federal 9% Credit Awarded: $1,449,981
Standard State Credit: $700,000
Residences at Delta II will serve individuals and families and create an intergenerational campus with Residences at Delta I and the Delta Housing Authority’s adjacent properties also supported with Housing Tax Credits. Residents will have access to an onsite, part-time service coordinator, as well as many services from local nonprofits including family nutrition and wellness programs, educational opportunities, intergenerational programming, veteran services, and transportation. The City of Delta will contribute $400,000 in fee waivers and the Delta Housing Authority will partner to provide property management. The site is near downtown Delta, a grocery store, parks, restaurants, and public transportation, library, post office, pharmacy, bank, long-term care center, and senior center. The property will be built with an all-electric design.
Sanctuary on Potomac, Aurora
Sponsor: Aurora Housing Authority
43 Units: 43 One-Bedroom
33 @ 30% AMI; 10 @ 50% AMI
Federal 9% Credit Awarded: $1,408,140
Standard State Credit: $700,000
Sanctuary on Potomac will be part of a campus that co-locates supportive housing with mental health care for individuals and families who are exiting homelessness. Aurora Mental Health and Recovery will support residents with core case management, independent living skills, health and wellness education, substance use disorder treatment, employment services, support groups, and referrals to other community resources. The developer is providing project-based vouchers to support all units. The campus will include a separate facility with a 24-hour crisis center, detox center, and a community health clinic. The property will be built with trauma-informed design and an all-electric-ready design.
Sunrise at Shiloh Mesa, Colorado Springs
Sponsor: Greccio Housing
50 Units: 45 One-Bedroom; 5 Two-Bedroom
15 @ 30% AMI; 12 @ 40% AMI; 23 @ 50% AMI
Federal Credit 9% Awarded: $1,377,143
Standard State Credit: $700,000
Sunrise at Shiloh Mesa will serve adults aged 62 and older in north Colorado Springs. Through a partnership with Woodmen Valley Chapel and its Center for Strategic Ministry (WVC/CSM), residents will be offered services and transportation assistance, onsite activity days to promote social interaction, food pantry access, and community volunteer opportunities. WVC/CSM will donate the land for the development. Nearby amenities include a coffee shop and retail. The property will be built with an all-electric design.
Viña Senior Residences, Denver
Sponsor: CV Colorado, LLC
50 Units: 40 One-Bedroom; 10 Two-Bedroom
5 @ 30% AMI; 5 @ 40% AMI; 26 @ 50% AMI; 14 @ 60% AMI
Federal 9% Credit Awarded: $1,333,863*
Standard State Credit: $700,000*
102 Units: 88 One-Bedroom; 14 Two-Bedroom
6 @ 30% AMI; 96 @ 60% AMI
Federal 4% Credit Conditionally Awarded: $1,840,510**
Viña Senior Residences will be a single, six-story building combining paired federal 9 percent and 4 percent credit awards and will serve adults aged 62 and older in the Globeville-Elyria-Swansea neighborhood of northeast Denver. A community senior center will be built on the development’s ground floor. Services will include transportation, health and wellness, nutritional support, social and recreational activities, and educational programs. Additionally, all residents will be offered free Denver Parks and Recreation memberships and RTD Neighborhood EcoPasses. The site is within walking distance of an RTD station and near a post office and library. Residents will also have access to the Tepeyac Community Health Center located at the adjacent Viña Apartments. The property will be built with an all-electric-ready design.
* Conditioned upon paired 4% credit award with State Credit
**Amount subject to change
For more information about the Housing Tax Credit program, please contact Kathryn Grosscup, Manager, Housing Tax Credit at 303.297.7368 or [email protected].
Sponsor: Grace Commons Church
30 Units: 18 Studio; 12 One-Bedroom
4 @ 30% AMI; 3 @ 40% AMI; 3 @ 50% AMI; 17 @ 60% AMI; 3 @ 70% AMI
Federal 9% Credit Awarded: $961,773
Standard State Credit: $700,000
The Annex will be a mixed-use new construction development that will serve individuals and families and provide economic opportunities for residents and the local community. Through a partnership with A Precious Child, training will be available to residents facing barriers to entering the workforce, along with opportunity for financial literacy education, mentorship, and certification achievement. Young adult residents will receive support and services through a partnership with TGTHER. A coffee shop and café and training space will be on the development’s first floor and an event space will be located on the fourth floor. The site is near Pearl Street Mall, a library, post office, convenience store, neighborhood shopping center, public park, grocery store, and off-street bike paths. The property will be built with an all-electric-ready design.
Aster Place, Battlement Mesa
Sponsor: Lincoln Avenue Communities
58 Units: 14 One-Bedroom; 28 Two-Bedroom; 16 Three-Bedroom
8 @ 30% AMI; 5 @ 40% AMI; 4 @ 50% AMI; 15 @ 60% AMI; 15 @ 70% AMI; 11 @ 80% AMI
Federal 9% Credit Awarded: $1,450,000
Standard State Credit: $700,000
Aster Place will be the first development built in the Battlement Mesa and Parachute community supported with Housing Tax Credits. Aster Place will serve individuals and families whose incomes range from 30 to 80 percent of the Area Median Income (AMI). The 30 percent AMI units will be supported with project-based vouchers from the Garfield County Housing Authority. The development will be built adjacent to a bus stop, within walking distance to a park, and near a grocery store, medical clinic, senior center, recreation center and neighborhood shopping center, childcare, a Head Start program, library, middle school, and government services. The property will be built with an all-electric design and Zero Energy Ready Homes (ZERH) certification.
Beeler Park Flats, Denver
Sponsor: Mile High Development
64 Units: 5 One-Bedroom; 51 Two-Bedroom; 8 Three-Bedroom
7 @ 30% AMI; 7 @ 40% AMI; 21 @ 50% AMI; 29 @ 60% AMI
Federal 9% Credit Awarded: $1,410,698
Standard State Credit: $700,000
Beeler Park Flats will serve individuals and families in Denver’s Central Park neighborhood. The Foundation for Sustainable Urban Communities will be officed onsite and will offer resident services, including healthy living courses, educational resources, and transportation support. The site is near a bus stop, grocery store, hospital, pharmacy, schools, the Shops at Northfield, Dick’s Sporting Goods Park, and the Rocky Mountain Arsenal National Wildlife Refuge. The property will be built with an all-electric-ready design.
Current, Grand Junction
Sponsor: Grand Junction Housing Authority
54 Units: 38 One-Bedroom; 16 Two-Bedroom
8 @ 30% AMI; 8 @ 40% AMI; 16 @ 50% AMI; 22 @ 60% AMI
Federal 9% Credit Awarded: $1,423,913
Standard State Credit: $700,000
The Current will serve individuals and families in west Grand Junction in the new Confluence neighborhood. The developer will provide eight project-based vouchers to support residents in the 30 percent AMI units. The site is within walking and biking distance of Mesa Mall, the recently expanded Community Hospital, and Canyon View Park. The property will be built with an all-electric design.
Grove at Cottonwood, Broomfield
Sponsors: Blueline Development Group and Broomfield Housing Alliance
40 Units: 30 One-Bedroom; 10 Two-Bedroom
10 @ 30% AMI; 9 @ 50% AMI; 21 @ 60% AMI
Federal 9% Credit Awarded: $1,400,247
Standard State Credit: $700,000
The Grove at Cottonwood will be a neuro-inclusive development serving families as well as individuals with Intellectual and Developmental Disabilities (I/DD) and is the first development of its kind in Broomfield supported with Housing Tax Credits. The Colorado Division of Housing will provide 10 Section 811 project-based vouchers supporting residents with I/DD in a community-based care model. A resident concierge will support all residents with service coordination, including transportation access and connection with service providers for onsite classes, meetings, or social groups requested by residents. The development will incorporate universal design principles. The site is within a residential neighborhood adjacent to a park and near open spaces, schools, the Broomfield Library and recreation center, and various service agencies and job opportunities. The property will be built with an all-electric design and Zero Energy Ready Homes (ZERH) certification.
Iliff Senior Apartments, Denver
Sponsor: MGL Partners
50 Units: 44 One-Bedroom; 6 Two-Bedroom
5 @ 30% AMI; 4 @ 40% AMI; 12 @ 50% AMI; 24 @ 60% AMI; 5 @ 80% AMI
Federal 9% Credit Awarded: $1,396,651
Standard State Credit: $700,000
Iliff Senior Apartments will serve adults aged 62 and older in southeast Denver’s University Hills neighborhood. Through a partnership with Eaton Senior Communities, service coordination will be offered to residents to promote wellness and aging in place, as well as access to community resources. The building will include additional accessible units to support aging in place, patios and balconies, and storage units, and the majority of old-growth trees at the site will be preserved. The site is located within walking distance of a soon-to-be-built park, and near public transportation, a grocery store, pharmacy, medical offices, and retail. Nearby community amenities include a library, recreation center, and senior center. The property will be built with an all-electric-ready design.
Kappa Tower III, Denver
Sponsor: Kappa Housing, Inc.
30 Units: 18 One-Bedroom; 12 Two-Bedroom
9 @ 30% AMI; 9 @ 40% AMI; 12 @ 50% AMI
Federal 9% Credit Awarded: $941,084
Standard State Credit: $700,000
Kappa Tower III will serve adults aged 62 and older in Denver’s Central Park neighborhood. Kappa Tower III is the second phase of a multiphase development, and residents will have access to Kappa Tower II amenities, including a resident services coordinator. Services include wellness checkups, health and nutrition education, dementia and cognitive awareness support, and fitness opportunities. Partnering organizations include the Center for African American Health, Denver Health, Volunteers of America, WellPower, Mobile Physicians Network, and Alzheimer’s Association. The Sponsor is providing the land to support the development at no cost. The site is adjacent to an RTD bus line and the Runway 35 Park, and near The Shops at Northfield, providing numerous retail and entertainment options. The property will be built with an all-electric design and Zero Energy Ready Homes (ZERH) certification.
Montview Flats, Littleton
Sponsor: South Metro Housing Options
50 Units: 37 One-Bedroom; 13 Two-Bedroom
10 @ 30% AMI; 6 @ 40% AMI; 14 @ 50% AMI; 12 @ 60% AMI; 8 @ 70% AMI
Federal 9% Credit Awarded: $1,352,727
Standard State Credit: $700,000
Montview Flats will serve individuals and families and the Sponsor will provide eight project-based vouchers to support residents in the 30 percent AMI units. Financial support will be provided by the Sponsor, the City of Littleton and Arapahoe County to support to the development. The site is adjacent to Arapahoe Community College and within walking distance of public transportation and downtown Littleton’s Main Street. Nearby amenities include a major grocer, library, post office, and several schools. The property will be built with an all-electric-ready design.
Range View, Saguache
Sponsor: Northwest Real Estate Development Capital Corp.
32 Units: 14 One-Bedroom; 12 Two-Bedroom
7 @ 30% AMI; 7 @ 40% AMI; 11 @ 50% AMI; 7 @ 60% AMI
Federal 9% Credit Awarded: $1,340,823
Standard State Credit: $700,000
Range View will serve individuals and families, and will be the first affordable housing development in Saguache County supported with Housing Tax Credits in over 25 years. Residents will have access to two virtual programs, Northwest Stepping Stones and Bridge2Commuity, connecting them to service providers, programs, and resources to promote self-sufficiency, community engagement, housing stability, and economic mobility. The land for the development will be contributed by the Saguache County Housing Authority. The site is within walking distance of Mountain Valley School, which serves pre-kindergarten through 12th grade, downtown Saguache, a park, and public library. The property will be built with an all-electric design.
Residences at Delta II, Delta
Sponsor: TWG Development, LLC
50 Units: 24 One-Bedroom; 8 Two-Bedroom; 18 Three-Bedroom
10 @ 30% AMI; 5 @ 40% AMI; 10 @ 50% AMI; 25 @ 60% AMI
Federal 9% Credit Awarded: $1,449,981
Standard State Credit: $700,000
Residences at Delta II will serve individuals and families and create an intergenerational campus with Residences at Delta I and the Delta Housing Authority’s adjacent properties also supported with Housing Tax Credits. Residents will have access to an onsite, part-time service coordinator, as well as many services from local nonprofits including family nutrition and wellness programs, educational opportunities, intergenerational programming, veteran services, and transportation. The City of Delta will contribute $400,000 in fee waivers and the Delta Housing Authority will partner to provide property management. The site is near downtown Delta, a grocery store, parks, restaurants, and public transportation, library, post office, pharmacy, bank, long-term care center, and senior center. The property will be built with an all-electric design.
Sanctuary on Potomac, Aurora
Sponsor: Aurora Housing Authority
43 Units: 43 One-Bedroom
33 @ 30% AMI; 10 @ 50% AMI
Federal 9% Credit Awarded: $1,408,140
Standard State Credit: $700,000
Sanctuary on Potomac will be part of a campus that co-locates supportive housing with mental health care for individuals and families who are exiting homelessness. Aurora Mental Health and Recovery will support residents with core case management, independent living skills, health and wellness education, substance use disorder treatment, employment services, support groups, and referrals to other community resources. The developer is providing project-based vouchers to support all units. The campus will include a separate facility with a 24-hour crisis center, detox center, and a community health clinic. The property will be built with trauma-informed design and an all-electric-ready design.
Sunrise at Shiloh Mesa, Colorado Springs
Sponsor: Greccio Housing
50 Units: 45 One-Bedroom; 5 Two-Bedroom
15 @ 30% AMI; 12 @ 40% AMI; 23 @ 50% AMI
Federal Credit 9% Awarded: $1,377,143
Standard State Credit: $700,000
Sunrise at Shiloh Mesa will serve adults aged 62 and older in north Colorado Springs. Through a partnership with Woodmen Valley Chapel and its Center for Strategic Ministry (WVC/CSM), residents will be offered services and transportation assistance, onsite activity days to promote social interaction, food pantry access, and community volunteer opportunities. WVC/CSM will donate the land for the development. Nearby amenities include a coffee shop and retail. The property will be built with an all-electric design.
Viña Senior Residences, Denver
Sponsor: CV Colorado, LLC
50 Units: 40 One-Bedroom; 10 Two-Bedroom
5 @ 30% AMI; 5 @ 40% AMI; 26 @ 50% AMI; 14 @ 60% AMI
Federal 9% Credit Awarded: $1,333,863*
Standard State Credit: $700,000*
102 Units: 88 One-Bedroom; 14 Two-Bedroom
6 @ 30% AMI; 96 @ 60% AMI
Federal 4% Credit Conditionally Awarded: $1,840,510**
Viña Senior Residences will be a single, six-story building combining paired federal 9 percent and 4 percent credit awards and will serve adults aged 62 and older in the Globeville-Elyria-Swansea neighborhood of northeast Denver. A community senior center will be built on the development’s ground floor. Services will include transportation, health and wellness, nutritional support, social and recreational activities, and educational programs. Additionally, all residents will be offered free Denver Parks and Recreation memberships and RTD Neighborhood EcoPasses. The site is within walking distance of an RTD station and near a post office and library. Residents will also have access to the Tepeyac Community Health Center located at the adjacent Viña Apartments. The property will be built with an all-electric-ready design.
* Conditioned upon paired 4% credit award with State Credit
**Amount subject to change
For more information about the Housing Tax Credit program, please contact Kathryn Grosscup, Manager, Housing Tax Credit at 303.297.7368 or [email protected].