The Denver City Council has been busy creating affordable housing citywide.
The Safety, Housing, Education and Homelessness Committee of the council heard an update Wednesday on projects under way. The council approved or plans to approve six housing projects totaling 543 units from May through September. Types of developments include rental and for sale, new construction, preserved housing and supportive housing. Those include:
2915 Welton
This project will include 62 permanently affordable condominiums in the Five Points neighborhood, according to a presentation by staffers with the Department of Housing Stability. It is a partnership between Shanahan Development and Elevation Community Land Trust. It will include a mix of one-, two- and three-bedroom apartments. Approximately 6,300 square feet of retail space could include a co-op grocery store.
Sale prices for the condominiums are targeted at people making 80% of the average median income, or $71,900 for one person. Prices for the condominiums cannot exceed $234,950 for a one-bedroom, $271,450 for a two-bedroom and $307,900 for a three-bedroom space.