FORT COLLINS, Colo. – Oak 140, Housing Catalyst’s newest affordable apartment community, opened its doors to residents this month. The five-story mixed-use building at the corner of Remington Street and Oak Street is home to 79 apartments as well as a parking garage and two commercial spaces.
Made possible through a partnership between Housing Catalyst and the Downtown Development Authority (DDA), Oak 140 is the first Low Income Housing Tax Credit (LIHTC) project to address the community need for affordable housing near downtown businesses and services. Housing Catalyst formed a tax credit partnership to develop, own, and manage the property.
While Oak 140 was designed with downtown workers in mind, anyone who meets the income requirements can apply to live in the new community. Income limits range from 30-80% of area median income (AMI) with the overall average income for the community not exceeding 60% AMI. As an average income property, Oak 140 can provide homes with affordable rents for a range of income levels.
Initial lease-up is expected to continue through winter and spring of 2023. Apartments will be posted to the Oak 140 property listing as they become available for new renters.
In the News
“Fort Collins’ first low-income workforce housing opens in Old Town,” Coloradoan
“Photos: Tour the new low-income Oak 140 apartments in downtown Fort Collins,” Coloradoan