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