8 Denver-area apartment projects awarded CHFA tax credits

The planned Brandon Flats received nearly $2 million in state and federal tax credits. (Shopworks Architecture)

The latest round of CHFA tax credit awards is giving a boost to projects that would add more than 700 apartments to the Denver metro area.

The Colorado Housing and Finance Authority distributed more than $20 million in state and federal tax credits this week to 12 proposed affordable housing complexes around Colorado. Twenty projects seeking more than $16 million in state tax credits and $18 million in federal tax credits applied for this round.

The tax credit-winning developments will add 940 new subsidized apartments statewide. Five other proposals in those three municipalities were denied tax credits in this batch of awards.

A list of Denver-area projects awarded tax credits is below. To see a list of all 20 applicants, please see this PDF.

Brandon Flats

Address: 1555 Xavier St., Denver
Developer: Volunteers of America (VOA)
Apartments: 104
Project cost: $25.9 million
Architect: Shopworks Architecture
General contractor: BC Builders
Anticipated completion: August 2019
4% federal credit award: $951,336
State credit awarded: $1 million

Flats at Two Creeks

Address: 1410 Gray St., Lakewood
Developer: Archway Investment Corporation
Apartments: 78
Project cost: $22 million
Architect: VTBS Architects
General contractor: JHL
Anticipated completion: June 2019
4% federal credit award:  $858,014
State credit awarded: $915,934

Indy Street Flats

Address: 1440 Independence St., Lakewood
Developer: Metro West Housing Solutions
Apartments: 115
Project cost: $29.5 million
Architect: Shopworks Architecture
General contractor: Taylor Kohrs
Anticipated completion: August 2019
4% federal credit award: $1 million
State credit award:  $1,000,000

Laradon Homes

Address: 51st and Lincoln streets, Denver
Developer: Gorman and Company, Inc.
Apartments: 91
Project cost: $26 million
Architect: Shopworks Architecture
General contractor: Deneuve Construction Services
Anticipated completion: September 2019
4% federal credit award: $1 million
State credit award: $720,000

Peoria Crossing, building 1

Address: 12101 E. 30th St., Aurora
Developer: Aurora Housing Authority
Apartments: 82
Project cost: $22.5 million
Architect: Humphries Poli Architects
General contractor: Palace Construction
Anticipated completion: March 2019
4% federal credit award:  $676,916
State credit award: $975,000

Platte Valley Homes

Address: 3058 Champa and 3401 Arapahoe streets, Denver
Developer: Denver Housing Authority
Apartments: 68
Project cost: $20.7 million
Architect: Humphries Poli Architects
General contractor: Milender White Construction Company
Anticipated completion: September 2018
4% federal credit award:  $945,295
State credit award: $595,000

Sheridan Station

Address: 11th Avenue and Ames Street, Denver
Developer: Koelbel and Company
Apartments: 133
Project cost: $33.5 million
Architect: Shopworks Architecture
General contractor: Alliance Construction
Anticipated completion: June 2019
4% federal credit award:  $1.3 million
State credit award: $1 million

Tammen Hall Apartments, Denver

Address: 1010 E. 19th Ave., Denver
Developer: Solvera Developers LLC
Apartments: 49
Project cost: $16.8 million
Architect: The Neenan Company
General contractor: The Neenan Company
Anticipated completion: December 2018
4% federal credit award: $520,511
State credit award: $391,677