Later this month, tenants will move into 112 income-restricted units of the Ash Street Apartments, announced the Denver Office of Economic Development Wednesday.
With that, Denver completed Mayor Michael Hancock’s goal to “build, rehabilitate and preserve” at least 3,000 affordable housing units over five years. Actually, they’re four units over the goal.
For once, all the units in one of these new affordable developments haven’t been pre-leased yet either. So far, only 60 percent of the Ash Street Apartments are leased.
The one- and three-bedroom apartments are going to households earning up to 60 percent of area median income. So if you’re looking for affordable housing and think you earn the right amount, you can get more leasing information here.
The apartments are in the Hale neighborhood, within the redevelopment of the old University of Colorado Health Science Center off of Colorado Boulevard. Apartments will have private balconies and the building will have second-floor community garden deck.
The Denver Office of Economic Development also funded 989 other affordable housing units that are currently under construction. They hope to begin construction on 18 more affordable developments with 1,633 more income-restricted units this summer.