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Libretto Apartments, a multifamily customer in Brighton
developments awarded
9 percent low income housing
tax credits (lihtc) in 2014
LIHTC helps developers raise private Anthracite Place (formerly Caddis Flats)
sector equity for their affordable
housing developments. This investment Crested Butte a | $539,165
enables developers to make units
available to residents at affordable developer | Gunnison Valley Regional
rents, and leverages contributions Housing Authority in partnership with
from other nonprofit, state, and Housing Resources of Western Colorado
local partners.
Family workforce housing in the heart of
The amount of LIHTC requested each Crested Butte. Within walking distance to
year by affordable housing developers free public transit, grocery stores, restaurants,
consistently exceeds the amount employment centers, public parks, and schools.
available for allocation. In 2014,
developers requested $42,314,630 in 30 units | 24 one-bedroom; 6 two-bedroom |
LIHTC. This exceeded CHFA’s LIHTC 13 @ 50% AMI; 17 @ 60% AMI
availability nearly four to one.
Falcon Ridge
The following developments received
an award of 9 percent competitive Estes Park a | $912,694
LIHTC in 2014.
developer | Estes Park Housing Authority, in
a | $ = amount of annual LIHTC allocated partnership with City of Loveland Housing
Authority
Part of the Estes Park flood-recovery efforts.
The development will include townhome and
flat-style units. Will feature a community center
and outdoor playground.
48 units | 18 one-bedroom; 24 two-bedroom;
6 three-bedroom | 4 @ 30% AMI; 10 @ 40%
AMI; 14 @ 50% AMI; 20 @ 60% AMI
Grove Street Apartments
Denver a | $915,504
developer | Gorman & Company, Inc.
Mixed-use development in Denver’s Westwood
neighborhood with primary office space for
local community nonprofit, Mi Casa
Resource Center.
42 units | 15 one-bedroom; 24 two-bedroom;
3 three-bedroom | 5 @ 30% AMI; 5 @ 40%
AMI; 27 @ 50% AMI; 5 @ 60% AMI
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