Eight affordable housing projects have been selected to receive nearly $7 million in low-income housing tax credit (LIHTC) reservations from the Colorado Housing and Finance Authority.
The first-round recipients are:
- Canterbury Apartments: 43-unit acquisition/rehab project in Englewood serving families between 30 percent and 60 percent of the area median income (AMI). Nine units will be set aside for special-needs populations. Canterbury Apartments is being developed by nonprofit Community Housing Development Association, Inc.
- Lamar Station: 110-unit new construction and mixed-income development by Metro West Housing Solutions, formerly known as the Lakewood Housing Authority. Lamar Station will include 87 units serving families with incomes between 30 percent and 60 percent of the AMI and 23 market-rate units. This will be the first LIHTC-financed development on the West Light Rail Line.
- Pueblo West Gardens II: 30-unit new construction project offering 28 affordable assisted-living units to individuals with incomes between 30 percent and 60 percent of the AMI by for-profit developer Michael Jansen.
- Renaissance Stout Street Lofts: 78-unit new construction project serving homeless populations and families with incomes between 30 percent and 60 percent of the AMI. Renaissance Stout Street Lofts will be developed by nonprofit Colorado Coalition for the Homeless.
- Silverthorne Family Housing: 64-unit new construction project providing family and workforce housing for households earning between 40 percent and 60 percent of AMI. It will be the first affordable housing project built in Silverthorne in more than 17 years. Silverthorne Family Housing is being developed by nonprofit Archdiocesan Housing.
- University Station: 60-unit new construction development located in Denver on the University Light Rail Station. University Station will serve seniors with incomes from 30 percent to 60 percent of the AMI. This project is being developed by for-profit developer Koelbel and Co.
- Village Park: 72-unit new construction development serving families with incomes from 30 percent to 60 percent of the AMI to be developed by the Grand Junction Housing Authority.
- Windshire Apartments: 44-unit new construction serving families with incomes from 30 percent to 60 percent of the AMI to be developed by the Windsor Housing Authority.
The tax credit committee reviewed 21 applicants requesting $17.5 million in LIHTCs.