2026 round one award descriptions

123 Manitou, Manitou Springs
Co-sponsors: Paragon Development, Inc. and TWG Development

123 Manitou will be a newly constructed development serving individuals and families, representing the first apartment property supported with Housing Tax Credits in Manitou Springs. The sponsors are partnering with Rainbow Housing Assistance Corporation to provide services to residents through its online program and service called LINK (Leveraging Innovative Netting Knowledge), which delivers education, workforce development, and health-focused programming, supplemented with direct staff support. Access to free and paid public transportation is immediately adjacent to the development site, which is also less than a half mile from the Manitou Springs skate park, pool and fitness center, high school, Garden of the Gods national landmark area, and is one mile from an elementary school and grocery store. The property will be built with an all-electric design and photovoltaic system.

50 Units: 20 One-bedroom; 12 Two-bedroom; 18 Three-bedroom
10 @ 30% AMI; 4 @ 40% AMI; 10 @ 50% AMI; 26 @ 60% AMI
Federal 9% Credit Awarded: $1,613,506
Standard State Credit Awarded: $500,000

Barth Hotel, Denver
Sponsor: Eaton Senior Communities, Inc.

Barth Hotel will consist of an adaptive reuse of a historic building that served as a hotel, and later, an assisted living facility. It will serve adults aged 62 and older in downtown Denver. The development is financially supported by a grant from the Downtown Denver Development Authority . The Sponsor and their model of housing and supportive services centers on eight dimensions of wellness: physical, spiritual, emotional, nutritional, social, intellectual, environmental and community. The development site is two blocks from Denver’s Union Station and one block from the 16th Street FreeRide. The Sponsor is providing transit passes to residents. Shopping, restaurants, health care, grocery, pharmacy, convenience stores, services, and parks are proximate to the building. The property will include an all-electric and solar-ready design.

50 Units: 50 Studio
7 @ 30% AMI; 8 @ 40% AMI; 35 @ 50% AMI
Federal 9% Credit Awarded: $1,450,000
Standard State Credit Awarded: $500,000
TOC Credit Awarded: $100,000
Federal 4% Credit Awarded: $82,400

Cedar Creek Commons, Montrose
Sponsor: RealAmerica Development, LLC

Cedar Creek Commons will be a newly constructed development serving individuals and families in Montrose. The Sponsor will also commit up to nine Community Integration units for residents with Intellectual and Developmental Disabilities (I/DD). Services will be offered to all residents based on their needs and Community Options Incorporated (COI) will assist with leasing and services specifically for residents with I/DD. COI’s services will include early intervention, job training support and/or placement, rehabilitative services, transportation, supported living, resource and benefit navigation, adult day programs and adult residential programs. The development site is within a half mile of transportation, a recreation center, golf course, park, grocery store, dentist, thrift store, bank, post office, and multiple restaurants. The property will be built with an all-electric-ready and solar-ready design.

36 Units: 12 One-bedroom; 18 Two-bedroom; 6 Three-bedroom
9 @ 30% AMI; 9 @ 50% AMI; 18 @ 60% AMI
Federal 9% Credit Awarded: $1,333,530
Standard State Credit Awarded: $500,000

Commons at Mosaic, Denver
Sponsor: Archway Investment Corporation

Commons at Mosaic will preserve and adaptively reuse two historic buildings previously used as student dormitories and become part of the larger Mosaic Community Campus in Denver’s South Park Hill neighborhood. The development will serve individuals and families in one building and residents exiting homelessness in a second building. The Colorado Division of Housing (CDOH) will provide State Housing Vouchers to support 31 supportive housing units and WellPower will provide supportive services. Denver Housing Authority is providing a long-term ground lease to support the development. Sponsor-provided services will include adult- and youth-focused programming. As part of the Mosaic Community Campus, residents will have access to educational opportunities, culinary-oriented nonprofits, and the campus community center. The development site is also within walking distance of transportation, a half mile of parks and trails, and a mile of schools, day care, and grocery stores. The property will include an all-electric-ready design.

58 Units: 36 One-bedroom; 14 Two-bedroom; 8 Three-bedroom
31 @ 30% AMI; 3 @ 40% AMI; 14 @ 50% AMI; 10 @ 60% AMI
Federal 9% Credit Awarded: $1,800,000
Standard State Credit Awarded: $500,000
TOC Credit Awarded: $116,000
Federal 4% Credit Awarded: $308,000

Crawford Commons, Clifton
Sponsor: Housing Resources of Western Colorado

Crawford Commons will be a newly constructed development serving individuals and families and is the first development supported with Housing Tax Credits to be built in Clifton in more than 20 years. The land was donated by Mesa County. Residents will have access to onsite workshops and individual counseling on subject matters including rental education, financial fitness and homebuying. The development site is within walking distance of transportation and a half mile from the new Clifton Community Campus. Schools, grocery stores, restaurants and other retail are also nearby. The property will be built with an all-electric and solar-ready design.

60 Units: 20 One-bedroom; 20 Two-bedroom; 10 Three-bedroom; 10 Four-bedroom
16 @ 30% AMI; 14 @ 60% AMI; 14 @ 70% AMI; 16 @ 80% AMI
Federal 9% Credit Awarded: $1,800,000
Standard State Credit Awarded: $500,000

Crossroads at Divide, Divide
Co-sponsors: AmericaWest Housing Solutions and Riverstone Platform Partners

Crossroads at Divide will be a newly constructed development serving individuals and families in Divide in central Teller County. Resident services will be provided onsite at space in the clubhouse and will focus on financial literacy and planning, literacy programs for adults and children, health and wellness, eviction prevention, food security programs and referrals to promote family and economic stability. There is a regional park within 500 feet of the development site, and less than half a mile away are a convenience store, medical clinic, grocery store, senior center, and community center. Within a mile of the site are an elementary school and childcare. The property will be built with an all-electric and solar-ready design.

36 Units: 12 One-bedroom; 24 Two-bedroom
5 @ 30% AMI; 5 @ 50% AMI; 18 @ 60% AMI; 8 @ 70% AMI
Federal 9% Credit Awarded: $1,800,000
Standard State Credit Awarded: $500,000

GardenWalk of Cañon City, Cañon City
Sponsor: Belmont Development Company, LLC

GardenWalk of Cañon City will be a newly constructed development serving individuals and families in east Cañon City. Residents will have access to on-demand transportation through Fremont County Transit. The development site is within two blocks of many social service providers and half a mile from a grocery store, bank, gas station, and urgent care. Along Highway 50, which is two blocks from the site, are a movie theatre, police department, restaurants, and city, county, and regional government offices. The property will be built with an all-electric and solar-ready design.

42 Units: 21 One-bedroom; 21 Two-bedroom
9 @ 30% AMI; 5 @ 50% AMI; 5 @ 60 % AMI; 14 @ 70% AMI; 9 @ 80% AMI
Federal 9% Credit Awarded: $1,800,000
Standard State Credit Awarded: $500,000

Grove at Pinewood, Aurora
Sponsor: Ulysses Development Group

Grove at Pinewood will be a newly constructed development serving individuals and families in central Aurora. The Sponsor has partnered with Aging Dynamics to foster community and intergenerational relationships with the older adult community at the adjacent Pinewood Lodge. The development site is within walking distance of transportation, a restaurant, coffee shop, park, schools, and within one mile of the Lowry Sports Complex. The property will be built with an all-electric design and photovoltaic system.

49 Units: 17 One-bedroom; 16 Two-bedroom; 16 Three-bedroom
5 @ 40% AMI; 8 @ 50% AMI; 36 @ 60% AMI
Federal 9% Credit Awarded: $1,800,000
Standard State Credit Awarded: $500,000
TOC Credit Awarded: $98,000

Metro Center Apartments, Aurora
Sponsor: BMC Investments

Metro Center Apartments will be a newly constructed development serving individuals and families in central Aurora. The Sponsor will partner with Philo’s Kitchen, a local nonprofit, to provide subsidized, affordable and healthy meals delivered to residents weekly. The development site is next to a major mall and adjacent to retail, restaurants, and services. Transportation is adjacent to the site and the Sponsor will provide transit passes to residents. Within a half mile are several big-box retail centers with full-service grocery stores and pharmacies, a movie theatre, police station, city hall, and library. There are two elementary schools, a middle school, high school and multiple medical facilities within one mile of site. The property will be built with an all-electric design, and the Sponsor is partnering with Cloudbreak Energy to support the project with off-site community solar.

58 Units: 28 One-bedroom; 26 Two-bedroom; 4 Three-bedroom
6 @ 30% AMI; 6 @ 40% AMI; 6 @ 50% AMI; 25 @ 60% AMI; 15 @ 70% AMI
Federal 9% Credit Awarded: $1,800,000
Standard State Credit Awarded: $500,000
TOC Credit Awarded: $116,000

Montbello Townhomes, Denver
Sponsor: Delwest Development Corporation

Montbello Townhomes will be a newly constructed development serving families in Denver’s Montbello neighborhood.). The development will include a commercial building for an Early Childhood Education center. The Sponsor will provide memberships for residents ages five to 18 to the local Boys & Girls Clubs of Montbello, which is proximate to the development site. Programming includes academic enrichment, health and nutrition, community service opportunities and mental health services. The site is within a half mile walk from two bus lines that provide connections to retail, employment and other services. A health clinic and library are less than a mile away, as well as Montbello FreshLo, a nonprofit fresh food market, which is anticipated to open in mid-2026. The property will certify to DOE Efficient New Homes (DOE ENH), which is an advanced energy certification, and be built with an all-electric and photovoltaic-ready design.

39 Units: 39 Four-bedroom
6 @ 30% AMI; 8 @ 40% AMI; 15 @ 50% AMI; 10 @ 60% AMI
Federal 9% Credit Awarded: $1,800,000
Standard State Credit Awarded: $500,000

Silver Key Apartments at North Weber, Colorado Springs
Sponsor: Silver Key Senior Services, Inc.

Silver Key Apartments at North Weber will be a newly constructed development serving adults aged 62 and older in central Colorado Springs. The development will incorporate design and accessibility features, including AARP Home Fit Guide to support aging in place. Sponsor-provided services will include health and wellness, nutrition, case management, on-demand transportation, resource navigation, home safety modifications, benefit navigation, and advanced care planning. The site is a half mile from a hospital, and less than a half mile from a grocery store with pharmacy, park, medical device and hearing aid store, healthcare centers, credit union, restaurants, and Shook’s Run trail. There is an onsite bus stop that runs every 30 minutes to downtown Colorado Springs. The property will be built with an all-electric-ready and solar-ready design.

49 Units: 47 One-bedroom; 2 Two-bedroom
5 @ 30% AMI; 21 @ 50% AMI; 23 @ 60% AMI
Federal 9% Credit Awarded: $1,697,491
Standard State Credit Awarded: $500,000

Ute Mountain Homes I, Towaoc
Sponsor: Ute Mountain Ute Tribe

Ute Mountain Homes I will be a newly constructed development serving individuals and families in Towaoc, which is the Tribal seat for the Ute Mountain Ute community. This is the first development awarded Housing Tax Credits to be built on Tribal land and be Tribally led in Colorado. The development will comprise five duplexes and five single family homes. Residents will have access to Tribally provided and community services including daycare, elementary school, behavioral health, social services, recidivism reduction, vocational rehab, Tiwahe Program services (holistic service coordination), and food distribution. Tribal government offices, Tribal Housing Division offices, employment centers, a gas station/convenience store, safety services, and post office are within two miles of the development site. The development will be all-electric-ready with a solar-ready design.

15 Units: 5 Two-bedroom; 10 Three-bedroom
15 @ 40% AMI
Federal 9% Credit Awarded: $946,447
Standard State Credit Awarded: $500,000

Wildflower Flats, Fort Lupton
Sponsor: McDermott Properties, LLC

Wildflower Flats will be a newly constructed development serving adults aged 55 and older. It is the first development awarded Housing Tax Credits to serve older adults in Fort Lupton. Through a partnership with Eaton Senior Communities, residents will receive onsite services focused on physical fitness and therapy, nutritional programs, intellectual stimulation, environmental connectivity, social involvement, emotional support, spiritual connection, and community involvement. The site is within half a mile of a grocery store, pharmacy, medical clinic, recreation center, and multiple restaurants and shops. The property will be built with an all-electric-ready and solar-ready design.

60 Units: 2 Studio; 42 One-bedroom; 16 Two-bedroom
7 @ 30% AMI; 6 @ 40% AMI; 34 @ 50% AMI; 13 @ 60% AMI
Federal 9% Credit Awarded: $1,780,000
Standard State Credit Awarded: $500,000

Willoughby Corner Phase 2, Lafayette
Sponsor: Boulder County Housing Authority (BCHA)

Willoughby Corner Phase 2 will be a newly constructed development serving residents with a disability as defined by the Americans with Disabilities Act and specifically residents with Intellectual and Developmental Disabilities (I/DD). The property has been designed to incorporate trauma-informed design principles, while supporting autonomy, stability, and the long-term needs of residents with I/DD. Residents will have access to onsite services including health and wellness referrals, employment and life skills coaching, and crisis planning. The development is financially supported by Boulder County and the Boulder County I/DD Mill Levy. An onsite RTD bus stop is located next to the Willoughby Corner Community Center and residents will have the opportunity to obtain a free eco pass in partnership with Boulder County Community Planning and Permitting Mobility for All Program. The development site is approximately one mile from the historic downtown, grocery stores, pharmacy, post office, museum, hospital and medical centers. The property will certify to DOE Efficient New Homes (DOE ENH), which is an advanced energy certification, include a photovoltaic system, and be built with an all-electric design.

32 Units: 16 One-bedroom; 16 Two-bedroom
6 @ 30% AMI; 6 @ 40% AMI; 8 @ 50% AMI; 12 @ 60% AMI
Federal 9% Credit Awarded: $1,582,767
Standard State Credit Awarded: $500,000
TOC Credit Awarded: $64,000

For more information about the Housing Credit program, please contact Kathryn Grosscup, Manager, Housing Tax Credit at 303.297.7368.