Affordable Housing

Denver-based MGL Partners, a multifamily, senior, workforce, and affordable housing developer, has been selected by nonprofit Silver Key Senior Services to develop a new affordable senior living facility in Colorado Springs.  “This partnership with Silver Key allows us to further pursue a crucial piece of our mission—bringing quality housing to the communities that need it most,” said …

On Tuesday July 20, Crescent Communities broke ground on the mixed-use, multifamily community NOVEL RiNo in Denver’s River North Art District and Cole neighborhood. NOVEL RiNo, located at 1300 40th Street, will include 483 luxury residences and 15,800 square feet of retail space. A percentage of the residences will be designated for …

On Wednesday, July 14 Pinkard Construction, Loveland Housing Authority (LHA) and Loveland Habitat for Humanity held a groundbreaking ceremony for the Grace Gardens at Derby Hill affordable housing development, marking the official start of construction that is expected to continue into 2031. During the first phase, Pinkard will perform site development, including roads and …

On July 14, a Grand Opening event was held to welcome new residents to the Central Park Urban Living Condos, the first 100 percent affordable condominium project developed in Colorado since the state’s condominium legislation was passed. The 132 unit transit oriented condo project, developed by Northeast Denver Housing Center (NDHC), …

By Steve Kunshier In August 2020, Colorado-based Maiker Housing Partners broke ground on Caraway, a one-of-a-kind multifamily, mixed-income housing development located in unincorporated Adams County. As construction progresses and the project comes to life, Caraway has become much more than a new housing option for Adams County residents—it is a regional demonstration of how …

In an effort to help developers meet demand for more housing, Ivanhoé Cambridge and Mount Auburn Multifamily have formed a programmatic joint venture to invest in preferred equity for ground-up multifamily developments throughout the U.S., including Denver. The partnership will further Mount Auburn’s existing investment strategy focused on millennial migration …

Denver-based BMC Investments(BMC) has recapitalized a three-property portfolio of workforce housing apartment communities—Landon Park, Aurora Hills and Vista Park—with a fund managed by DRA Advisors, a New York-based registered investment advisor. The recapitalization will be one of BMC’s largest with an institutional capital group, further establishing BMC within the institutional markets. BMC— through its property management division (BLDG Management)—will …

The Neenan Company is kicking off three projects along the Front Range this month, including a middle school in Colorado Springs and commercial projects in Windsor and Fort Collins. This follows the company’s recent completion of an affordable housing project remodel in Longmont, and demonstrates the company’s renewed focus on …

Last week, Governor Polis signed CML-initiated legislation HB21-1117 into law that will give local governments an enhanced ability to control rents in new or redeveloped affordable housing units. Under the bill, cities and counties may plan for and regulate the use of land, including the authority to regulate development or …

On Tuesday May 25, Koelbel and Company, Coventry Development Corporation, the City of Lone Tree, and the Colorado Housing and Finance Authority celebrated the groundbreaking of the first affordable housing project in Lone Tree. Koelbel & Company recently received a highly competitive CHFA financing award for the project, which will be …