Development Portfolio 2017-01-18T01:13:22+00:00

Development and Financing Portfolio

Current Developments

Village on Redwood (2016-17)
(72) 1,2 & 3 bedroom apartments/ townhomes
$19.4 million new construction
4% LIHTC, State Tax Credits, RAD proceeds
$6.7 LIHTC, $3.3 State Tax Credits, $1.7 RAD proceeds

Village on Horsetooth (2017-18)
(96) 1,2 & 3 bedroom apartments/ townhomes
New construction planned late 2016–early 2017
4% LIHTC, State Tax Credits, CDBG-DR, RAD proceeds

Village on Shields (2016-18)
(285) 1,2 & 3 bedroom apartments/ townhomes
$52.7 million renovation
4% LIHTC, RAD proceeds
$17.5 LIHTC, $8.5 RAD proceeds

Recent Developments

Village on Plum (2015)
(95) 1, 2 & 3 bedroom apartments
$16.1 million renovation
4% LIHTC Rehab
$5.3 LIHTC investment

Village on Matuka (2015)
(20) 1 & 2 bedroom apartments
$1.1 million renovation
Internal equity & grant funding

Redtail Ponds Permanent Supportive Housing (2015)
(60) 1 & 2 bedroom apartments
$12.5 million new construction
9% LIHTC
$8.0 LIHTC investment

Village on Elizabeth (2007)
(48) 1 & 2 bedroom apartments
$5.9 million renovation
9% LIHTC
$2.5 LIHTC investment

Village on Stanford (2010)
(82) 1 & 2 bedroom apartments
$10.0 million renovation
9% LIHTC
$4.7 LIHTC investment

Upcoming Developments

Permanent Supportive Housing 2 (2017-19)
(60) 1 & 2 bedroom apartments
9% LIHTC Spring 2017 Application

Rental Assistance Demonstration Project (ongoing)
154 public housing units will be sold or renovated
611 homes will be built, renovated or refurbished from the proceeds of 129 public housing units