The Olin began life in 1925 as one of Denver’s premier luxury hotels. Located in historic Capitol Hill neighborhood, one block east the Colorado State Capitol building, the hotel was once a popular gathering spot for legislators who valued its magnificent Spanish-style architecture and sumptuous dining rooms-and convenient location.
After some years of neglect, The Olin was purchased and renovated by SHO in 1980 to provide 106 efficiency and one-bedroom apartments for older adults and disabled individuals. Still retaining much of its original charm, The Olin was established as a HUD housing community to provide housing for low to moderate income individuals. Residents can enjoy the convenience and independence of a true downtown location. Grocery stores, restaurants, Churches, shopping, library and public transportation access are only a few of the local amenities. The Olin will undergo another renovation and the addition of six units, starting in late summer 2019, to be completed in late 2020.
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Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Denver but actual income limits may differ for units at Olin Hotel Apartments.
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