Boston Capital announced it is investing about $9.7 million in low-income housing tax credit (LIHTC) equity in the construction of SloHi Flats, a 45-unit affordable housing development for families in Denver.
The general partner is Denver-based SloHi Partners.
The development will feature 39 one-bedroom and six two-bedroom units in a four-story building in the Highland neighborhood. Unit amenities will include 9-foot ceilings, central air conditioning, balconies, and a full appliance package with washers and dryers. Development amenities will include a bicycle storage room, a 2,500-square-foot outdoor courtyard with a fire pit and a gas grill, and a 700-square-foot rooftop deck.
The apartments will be available to families earning no more than 60% of the area median income.
To date, Boston Capital, a national LIHTC syndicator and real estate investment and advisory firm, has invested in more than 4,400 apartments in Colorado.
