The following development is receiving a Middle-income Housing Tax Credit (MIHTC) award reservation in 2026’s round.
Lumberyard Apartments, Aspen, Pitkin County
Sponsor: Gorman & Company, LLC
Lumberyard Apartments will be a newly constructed development serving individuals and families using modular construction. The City of Aspen is providing the land for the development and additional financial support. The site is located adjacent to the Aspen Airport Business Center, within walking distance of transportation, and less than one mile from childcare and Colorado Mountain College. The property will be built with an all-electric design and include a photovoltaic system.
118 MIHTC Units: 56 One-bedroom; 52 Two-bedroom; 10 Three-bedroom
60 @ 90% AMI; 58 @ 130% AMI;
55 Non-MIHTC Deed-Restricted Units: 21 One-bedroom; 18 Two-bedroom; 16 Three-bedroom
27 @ 50% AMI; 20 @ 205% AMI; 8 @ 240% AMI
MIHTC Awarded: $2,890,000
For more information about the Housing Credit program, please contact Kathryn Grosscup, Manager, Housing Tax Credit at 303.297.7368 or kgrosscup@chfainfo.com.