In a recent government meeting, officials discussed several significant affordable housing projects aimed at addressing the pressing need for affordable living options in Denver. The projects collectively represent 543 affordable housing units across various council districts, including new constructions, preservation efforts, and supportive housing initiatives.
One of the highlighted projects is the 29th and Welton development in District 9, which will feature 62 permanently affordable condominiums. This initiative is a collaboration between Shanahan Development and Elevations Community Land Trust, utilizing a surplus RTD parking lot. The condominiums will include a mix of one, two, and three-bedroom units, with prices capped at 80% of the area median income. The project also plans to incorporate nearly 7,000 square feet of community-serving retail space, potentially housing a grocery store offered at half the market rate.
Another notable project is the Albion Apartments in District 4, which will consist of 170 family-focused units. This development is expected to be completed by mid-2027 and will include amenities such as a childcare center operated by a National Montessori school. The financing for this project includes a cash flow loan from HOST, which anticipates receiving priority payments once the apartments are operational.
The meeting also addressed the West Denver Renaissance Collaborative's pilot program for Accessory Dwelling Units (ADUs), which aims to create additional affordable housing options. The program has received additional funding to support the construction of new ADUs, which are designed to provide extra residential space for overcrowded households or generate rental income.
Additionally, two permanent supportive housing developments were presented: Henniger Legacy Homes and the 901 Navajo Street project. Henniger Legacy Homes will provide 60 units for homeless individuals earning less than 30% of the area median income, while the 901 Navajo project will combine 94 supportive housing units with a health clinic specifically serving American Indian and Alaska Native families. This project aims to address both housing and health disparities within these communities.
The city has committed substantial funding to these initiatives, including performance loans and grants, to ensure the successful development and sustainability of these affordable housing projects. The discussions underscored the city's ongoing commitment to tackling housing insecurity and providing essential services to vulnerable populations.