Affordable HousingCharityConstructionDevelopment

Brothers Redevelopment Awarded $6K Grant from ALTA Good Deeds Foundation

The American Land Title Association (ALTA) Good Deeds Foundation, a registered 501(c)(3) charitable organization founded by ALTA, the national trade association of the land title insurance industry, has awarded $6,000 to Denver-based Brothers Redevelopment, Inc. Andy Mollock, regional title officer of Heritage Title Company in Denver nominated the nonprofit to receive …

Affordable HousingDevelopmentFinanceMultifamily

Denver Funds Land Acquisition for 190 Affordable Apartments

More affordable housing is on the horizon for Denver’s La Alma-Lincoln Park neighborhood thanks to development financing provided by the Department of Housing Stability (HOST). Denver City Council today approved a $5,557,500 agreement with Shanahan Development, LLC, utilizing American Rescue Plan Act (ARPA) funds to help support the acquisition of …

Affordable HousingConstructionDevelopmentMultifamily

AHA to Begin Final Phase of Affordable Housing Project in Aurora

On Wednesday, March 15 the Housing Authority of the City of Aurora (AHA) will begin construction of the second and final phase of Peoria Crossing. The 2.3-acre transit-oriented site is adjacent to Peoria Crossing I and will add 72 units of affordable housing to round out the multifamily campus to 154 units. …

Affordable HousingConstructionDevelopmentMultifamilyRetail

RidgeGate in Lone Tree Poised to Make Significant Progress in 2023

The RidgeGate community in Lone Tree saw significant momentum with the completion of several major development milestones last year and expects to see significant progress on the east side in the year ahead. New infrastructure, public transportation, extensive parks and open space, retail space, commercial and residential offerings are taking …

Affordable HousingDevelopmentFinance

Biden Administration Proposes Additional $28B Investment in Affordable Rental Housing

The Affordable Housing Tax Credit Coalition (AHTCC) has applauded housing provisions recently proposed in the Biden Administration’s FY 2024 federal budget, including a proposal that would strengthen the Low-Income Housing Tax Credit (Housing Credit), the federal government’s primary tool to produce affordable rental housing. “Through this budget proposal and plans that preceded it, the Administration continues to …

Affordable HousingArchitectureConstructionDevelopmentMultifamily

151 Affordable Units Break Ground on Former CDOT Site

Kentro Group, a Denver-based, privately-held real estate investment and development firm, and Lexton McDermott, a multifamily real estate development leader based in Centennial, have broken ground on Krisana Apartments, 151 units of deed-restricted, affordable housing located on the former CDOT headquarters site at 4343 E. Arkansas Avenue, Denver. Pinkard Construction …

Affordable HousingArchitectureDesignDevelopmentMultifamily

80 Rental Units Proposed for East Colfax

According to concept plans submitted by Denver-based architecture firm The Mulhern Group to the City and County of Denver, Paradise Land Company has proposed the construction of two residential buildings at 3300-3310 E. Colfax Ave. (the former site of Paradise Cleaners) that will provide a combined 80 rental units. 70 of which …

Affordable HousingConstructionDevelopmentMultifamily

Archway Communities Launches Affordable Housing Thought Leadership Blog

In an effort to open a conversation about the Affordable Housing Crisis, Archway Communities‘ CEO Sebastian Corradino has launched a Thought Leadership Blog that will be published quarterly. Mile High CRE is delighted to share this information with its readers. His first piece, published February 2, addresses the need for …

Affordable HousingConstructionDevelopmentMultifamilyReports

New Apartment Development in Denver Declined 88% Following Implementation of Affordable Housing Ordinance

According to the Apartment Association of Metro Denver, applications for new apartment development declined by a dramatic 88% in the three months since a new Denver affordable housing ordinance went into effect on July 1, 2022. Denver City Council approved a plan called expanding housing affordability, an ordinance that now requires …

Affordable HousingConstructionDevelopmentSenior Housing

Taylor Kohrs Begins Construction of Affordable Senior Housing Complex in Boulder

Taylor Kohrs, a Colorado-based general contractor for 40 years, recently began construction of a 60-unit, permanently affordable senior housing complex in Boulder. Construction on the Mt. Calvary Senior Housing project includes the preservation, renovation and repurposing of the former sanctuary building into a community space. The new 62,000-square-foot, 3-story facility …