Development and Financing Portfolio

Affordable Housing Developments

140 E. Oak St. (2020 -2022)
New construction – In partnership with the Downtown Development Authority

Swallow Road – Rehabilitation (2020 -2022)
In partnership with CARE Housing
84 units

Mason Place Permanent Supportive Housing (currently under construction, leasing in 2021)
(60) 1 & 2 bedroom apartments
$19.4 million new construction
9% LIHTC
$11.9 million LIHTC investment

Village on Shields (2018)
(285) 1,2 & 3 bedroom apartments
$68 million renovation
4% LIHTC, RAD proceeds, State tax credits, CDBG, HOME, Owner loan
$22 million LIHTC investment
$17.5 million LIHTC, $8.5 million RAD proceeds, $35 million Private Activity Bonds

Village on Horsetooth (2018)
(96) 1,2,3 & 4 bedroom apartments
$27 million new construction
4% LIHTC, State tax credits, CDBG-DR, RAD proceeds, $19.19 million Private Activity Bonds

Village on Redwood (2017)
(72) 1,2,3 & 4 bedroom apartments/ townhomes
$19.4 million new construction
4% LIHTC, State tax credits, RAD proceeds
$6.7 million LIHTC, $3.3 million State Tax Credits, $1.7 million RAD proceeds, $12 million Private Activity Bonds

Rental Assistance Demonstration Project
439 permanently affordable homes built or renovated from the sale proceeds of 84 public housing units

Redtail Ponds Permanent Supportive Housing (2015)
(60) 1 & 2 bedroom apartments
$12.5 million new construction
9% LIHTC
$8 million LIHTC investment

Village on Plum (2015)
(95) 1, 2 & 3 bedroom apartments
$16.1 million renovation
4% LIHTC Rehab
$5.3 LIHTC investment, $8.75 million Private Activity Bonds

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

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

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

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