Denver Rising Part 32: Over 1,500 Affordable Units Opened in 2024

The Ives

4470 Wadsworth Boulevard, Wheat Ridge

Income Restrictions: 25 units have Project Based Vouchers (PBV) and are restricted to 30% to 50% Area Median Income (AMI). The remaining 25 units are restricted to 60% AMI.

Located along Wadsworth Boulevard, one of the main thoroughfares in Wheat Ridge, Colorado, Foothills Regional Housing proudly welcomed their first residents to The Ives, their newest income restricted community, in June of 2024. Situated in a highly desirable neighborhood with nearby public transportation and within walking distance to outdoor spaces, grocery stores and shopping, The Ives provides ease of, accessibility while maintaining high quality apartments and thoughtful community amenities. Utilities are included in the rents for all of the units.

The property boasts a contemporary design, with a four-story building enhanced by a blend of flat and pitched roofs, brick and metal panel exterior, and a variety of colors that elevate its exterior appearance. The apartments, which consist of 1- bedroom units each with 560 square feet, offer an upscale living experience complete with faux wood-style vinyl flooring throughout, french door refrigerators, breakfast bars, stainless-steel appliances, tile back splash, ceiling fans, large walk through closets, and vaulted ceilings in select units.

 
Residents enjoy the convenience of an on-site maintenance and management team, an elevator, two electric vehicle chargers, and laundry facilities. Summer days can be spent lounging in the outdoor courtyard and community garden, or hosting family cookouts at the BBQ and picnic areas. Residents can leave the car payments behind with the on-site bike storage and nearby parks and services. The private meeting spaces and community room, complete with a kitchenette,  provide an ideal space for residents to work outside their units.

Nest56 at Denargo Market

2700 Wewatta Way, Denver

Income Restrictions: All units have PBVs with 28 units restricted to 30% AMI and 28 units are restricted to 50% AMI.

 
In April of 2024, Rivet Development, partnered with TGTHR, an organization aimed towards combating youth homelessness, completed its newest community, Nest56. Nest56 is intended to pave the way for youth facing homelessness between the ages of 18 to 24 years old, many of whom are transitioning out of foster care, by providing much needed affordable housing and support services for long-term stability. All utilities are included in the rents. Five of the units are set aside for residents with hearing or vision impairments.

The architecture has been thoughtfully designed, incorporating principles of trauma-informed design such as ample natural light, open stairwells, clear sightlines, 24/7 staffing, and security cameras. Nest56 is focused on maintaining an inclusive environment with a sense of community through leadership opportunities and building-wide activities. Additional services provided to residents include tailored case management to provide guidance in achieving self-set goals and development of life skills, employment support and  opportunities, education support, and access to behavioral healthcare including counseling, support groups, and family reunification services. The TGTHR’S Housing Programs report that 62% of tenants are employed and/or enrolled in education, 98% of tenants engage in voluntary supportive services, and 50% move on to independent housing within 1 to 2 years.

 
The on-site amenities include laundry facilities, indoor bicycle storage and repair station, multipurpose community rooms, private work nooks, a community food pantry and kitchenette, and two outdoor gathering spaces complete with a basketball hoop and seating areas. Each apartment is fully furnished and features modern finishes including LVT flooring throughout, keyless entry, spacious closets, and oversized windows to provide an abundance of natural light. Residents can embrace their inner chef with a full kitchen complete with solid surface countertops, tile backsplash, and a dishwasher.

 
In addition to the on-site amenities, the community is located in the 17- acre Denargo Market redevelopment area within the RiNo Arts District, providing residents with numerous opportunities for economic mobility through immediately accessible employment and extensive public transportation. Upon completion, the Denargo Market is expected to include over 6,000 residential units and 4 million square feet of commercial space, along with open space and recreation areas.

Vance Street Flats

5854 North Vance Street, Arvada

Income Restrictions: 7 units restricted to 30% AMI, 3 units to 40% AMI, 17 units to 50% AMI, and 23 units to 60% AMI.

There is no need to sacrifice location for affordability with Medici Communities newest affordable housing development, Vance Street Flats, situated on the outskirts of Olde Town Arvada. Water, sewer, and trash services are included in the rents. 

The community seamlessly integrates accessibility and community with access to a historic district offering endless entertainment, services, and unique shopping experiences. For the outdoor enthusiast, the Ralston Creek Trail provides a scenic experience at your fingertips complete with numerous parks, open space, and picnic areas. With the Olde Town Arvada RTD station only ¼ mile south, coupled with a provided RTD EcoPass, this property is perfect for those who dread the typical car commute and value convenient access to services and employment.

 
The controlled building entry provides an enhanced sense of security. Lounge and mingle with neighbors in the community room or buckle down and get some work done in the enclosed conference room, both featuring complimentary high-speed internet, and enjoy the convenience of simplified chores with the on-site laundry services.

The thoughtfully designed studio, 1-bedroom, and 2-bedroom apartments are perfectly crafted for young professionals, small families, and everyone in between. The open concept layouts, complete with ample natural light, provide an inviting  space you will feel proud to call home. First floor units bask in the additional natural light with 14’ ceilings. The luxury extends to large soaking tubs, a full suite of stainless-steel appliances and solid counter tops, tile back splash, and spacious walk-in closets for some units. The refined look of the faux-wood vinyl flooring and the cozy comfort of carpeted bedrooms ensures stylish and comfortable days ahead.

Affordable Housing Tracker

Over 1,500 Affordable Units Opened In 2024

1 | BONSAI: 3740 S. Federal Boulevard
Developer: Medici Communities
Units: 149
Completion: 12/30/2024

2 | CRISMAN PH 2: 9880 Ute Highway, Longmont
Developer: MGL Partners
Units: 83
Completion: 7/15/2024

3 | EAGLE MEADOW HOMES I: 14965 E. 2nd Avenue, Aurora
Developer: Community Housing Partners
Units: 93
Completion: 9/10/2024

4 | FRESHLO: 12444 E. Albrook Drive, Denver
Developer: DBG Properties
Units: 97
Completion: 9/15/2024

5 | KARL'S FARM:  1601 E. 121st Avenue, Northglenn
Developer: DBG Properties
Units: 164
Completion: 7/15/2024

6 | KRISANA: 4343 E. Arkansas Avenue, Denver
Developer: Lexton McDermott
Units: 151
Completion: 11/28/2024

7 | MOSAIC COMMUNITY CAMPUS: 7150 Montview Boulevard, Denver
Developer: DBG Properties
Units: 154
Completion: 9/30/2024

8 | NORTHFIELD FLATS: 4607 N. Xenia Street, Denver
Developer: Mile High Development
Units: 129
Completion: 8/15/2024

9 | OVERLOOK AT POWERS PARK: 5599 S. Elati Street, Littleton
Developer: South Metro Housing
Units: 51
Completion: 12/31/2023

10 | PASCAL GARDENS: 728 S. Lipan Street, Denver
Developer: St. Charles Town Co
Units: 216
Completion: 8/30/2024

11 | PEORIA CROSSING II: 3150 N. Peoria Street, Aurora
Developer: DBG Properties
Units: 72
Completion: 9/5/2024

12 | RENEWAL VILLAGE: 200 W. 48th Avenue, Denver
Developer: Co. Coalition for the Homeless
Units: 215
Completion: 10/31/2024

13 | SAPLING GROVE: 10150 E. Jewell Avenue, Aurora
Developer: Grovewood Community Devel
Units: 81
Completion: 7/15/2024

14 | ST. FRANCIS WEST: 221 N. Federal Boulevard, Denver
Developer: BlueLine Development, Inc.
Units: 60
Completion: 10/30/2024

15 | TRAILS AT LEHOW: 300 W. Lehow Avenue
Developer: Cohen Esrey
Units: 82
Completion: 6/15/2024

16 | ZINNIA: 2000 Sunset Way, Longmont
Developer: Element Properties
Units: 55
Completion: 10/15/2024