Denver is moving quickly to tackle housing challenges, and a new affordable rental community is set to break ground near the Denver Health Hospital Campus. Evergreen Real Estate Group has purchased land near the Denver Health Hospital Campus to develop a new affordable rental community in response to growing demand.
Highlights
- The Ford Apartments will be a 60-unit community by Evergreen Real Estate Group.
- 9% Low-Income Housing Tax Credit (LIHTC) is received for the project.
- It is expected to start in early 2026, and completion is slated for fall 2027.
The Ford Apartments: An Affordable Housing Community
Evergreen Real Estate Group has purchased land and secured financing to develop The Ford Apartments, a 60-unit income-restricted rental community in Baker’s neighborhood in Denver. The Chicago-based developer received a 9% Low-Income Housing Tax Credit (LIHTC) offered by the Colorado Housing and Finance Authority and is scheduled to start construction in early 2026.
CHFA is providing permanent financing, including ‘Healthy Housing, Healthy Communities’ funds, to support both healthcare and housing initiatives.
The six-story building at 155 W. 5th Ave. will rise on a former parking lot near the Denver Health Hospital Campus, one of the city’s largest employment centers. The project will primarily provide housing for healthcare workers…