The Coalition purchased this property from the YMCA in 2001 in order to preserve 167 housing units at-risk of loss. Following extensive renovation and expansion that also preserved a smaller, dedicated space for the YMCA’s fitness program, the property now provides homes for 216 households. This includes those who are homeless and at-risk of homelessness, as well as veterans and individuals with chronic mental illness and substance treatment needs. It is the primary site for the Coalition’s highly successful Housing First program. Civic Center Apartments is also an option for low-income workers in downtown Denver who could not otherwise afford to live in the area. In 2008, Renaissance at Civic Center Apartments received the 2008 Fannie Mae Foundation Maxwell Award of Excellence and the 2008 MetLife Foundation First Place Award for Excellence in Affordable Housing. In 2004, the property received the Colorado Housing NOW! Eagle Award for Creating Affordable Housing in Downtown Denver, the Downtown Denver Partnership’s Celebration of Achievement Award, and the Community Preservation Award from Historic Denver Inc.
|Studio (Studio/1)||-||From $402 To $600|
|One Bedroom (1/1)||-||From $402 To $600|
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.
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.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Denver but actual income limits may differ for units at Renaissance at Civic Center Apartments.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$35,000||$40,000||$45,000||$50,000||$54,000||$58,000||$62,000||$66,000|
|Low Income (60%)||$42,000||$48,000||$54,000||$60,000||$64,800||$69,600||$74,400||$79,200|
Renaissance at Civic Center Apartments is managed by Colorado Coalition for the Homeless.