Award-winning Renaissance Riverfront Lofts demonstrates that environmentally friendly construction can be the standard for affordable housing. The project has transformed a former brownfield site into a modern, energy-efficient, five-story residential community that blends architecturally with other loft-style construction in Denver’s Central Platte Valley. As a transit-oriented development, it is located on a major bus line, within one-half mile of a light rail station, and adjacent to bike and walking paths, giving residents ready access to downtown services and employment. Common areas are fully powered by photo-voltaic panels. Low-volatile organic finishing compounds were selected for paints, sealants, and carpeting. All appliances are ENERGY STAR® rated. On-site case management and support services are provided to residents, as needed.
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This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.
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.
Renaissance Riverfront Lofts is managed by Colorado Coalition for the Homeless.