Commerce City – South Platte Crossing Apartments
Please join us for a virtual community meeting on February 24, 2021, at 6:00 pm MT.
Topic: 7190 Colorado Blvd
Time: Feb 24, 2021 06:00 PM Mountain Time (US and Canada)
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Meeting ID: 841 2167 2120
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Meeting ID: 841 2167 2120
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Project Name: South Platte Crossing Apartments
Project Address: 7190 Colorado Boulevard, Commerce City, CO 80022
South Platte (SP) Crossing Apartments will offer 60 units of permanently affordable rental housing for families located in southern Commerce City near the intersection of Colorado Boulevard and 72nd Avenue (the “Project”). In addition to its proximity to the Commerce City/72nd Ave Commuter Rail Station, the Project will be built to encourage indoor/outdoor resident interaction. The four-story, elevator-serviced building, will include two studios, 29 one-bedroom units, 26 two-bedroom units, and 3 three-bedroom units and serve families at a variety of income levels from those earning up to 30% of Area Median Income (AMI) to those earning up to 80% AMI.
Unit amenities include central air conditioning, carpet and vinyl tile flooring, an in-unit washer and dryer, blinds, a refrigerator, stove/oven, garbage disposal, dishwasher, and microwave. 24 units will also have Juliet balconies. The building amenities include on-site management, a community room with a kitchen, conference room, fitness room, an interior courtyard with a children’s play structure, and a terrace on the second floor that overlooks the courtyard. SP Crossing Apartments will offer 40 parking spaces under the podium structure of the building, along with a shared parking agreement providing an additional 35 parking spaces for a total of 75 spaces available to residents. The building will be built to meet National Green Building Standard (NGBS) Bronze standards.
SP Crossing Apartments will provide easy access to job centers in the northern metro area (including Commerce City, Thornton, and Northglenn) as well as to the south in downtown Denver along Commuter Rail Line N. The Commerce City/72nd Avenue Station is located within Rail Fare Zone A making a trip to downtown affordable and easily accessible. The N Line runs from Union Station in downtown Denver to the Eastlake Thornton neighborhood in the north, passing through the retail heavy districts of Northglenn and Thornton.
Easy access to public transportation will improve economic mobility by allowing for residents to easily access jobs and cultural resources in downtown Denver and the northern metro area. Economic mobility will also be increased by access to services at the Commerce City Community Campus (“C4”). C4 is located in the building directly next to the Project site and provides multiple wellness services for Commerce City residents. Services located at C4 include children’s medical and behavioral health and dental services; the Front Range Clinic offering addiction treatment services; the Women, Infants, & Children (WIC) program; the Early Childhood Partnership of Adams County (ECPAC), a system of early childhood education, health, mental health, and family support; the Tri-County Health Department; and multiple community organizing and justice groups. While these services are not explicitly part of the Project, their proximity will be advantageous for families living at the Project.
The proposed Project financing will consist of 9% Federal LIHTC equity, a first mortgage, CHFA Capital Magnet Funds, soft funds from the Colorado Division of Housing (CDOH). The Project will partner with the Commerce City Housing Authority as a Special Limited Partner for exemption from state sales/use taxes and property taxes.