New 252-unit Affordable Housing Underway in Far Northeast Denver

City and County of Denver

Office of Economic Development

Derek Woodbury

Communications Director

O: 720.913.1608

C: 303.895.6845

derek.woodbury@denvergov.org

FOR IMMEDIATE RELEASE

New 252-unit Affordable Housing Underway in Far Northeast Denver

DENVER – Monday, April 2, 2018 – One of the first projects to receive funding from Denver’s dedicated affordable housing fund broke ground today in a ceremony attended by city officials, including Mayor Michael B. Hancock, and Dominium, a Minneapolis-based leading apartment owner, developer and manager. Construction on East Range Crossings, a 252-unit affordable housing development, will begin later this month.

“We’re proud to support the construction of these new affordable homes for Denver’s hard-working residents and families,” Mayor Hancock said. “We will continue to fight for more affordable housing whenever and wherever we can, and East Range Crossings is a major boost to our efforts to offer more affordable options for families.”

All 252 units are reserved for individuals earning up to 60 percent of the area median income (up to $35,280 for a single-person household, or up to $50,340 for a family of four). Twelve of the units are one-bedroom, 120 are two-bedroom, and 120 are three-bedroom.

East Range Crossings is the latest city-supported affordable housing development underway in Denver. A total of 1,075 affordable units that have received city financing are currently under construction, and an additional 1,600 units are anticipated to break ground over the next year.

“This project is a great opportunity to provide affordable housing in the developing airport corridor of Denver,” said Mark Lambing, Dominium development analyst. “East Range Crossing will provide high quality, affordable apartments for residents who want to stay in this rapidly-changing community.”

East Range Crossings will feature a clubhouse that will include a fitness center, yoga area, community commercial-grade kitchen, and business center. Apartment homes will include amenities such as 9’ ceilings, in-unit washers and dryers for rent, modern kitchens, central air conditioning, and walk-in closets.

The exterior amenities will include a playground for children, fire pits, grilling stations, a pool and spa. The property will also offer covered parking, including both garages and carports. East Range Crossings is conveniently located by numerous employment opportunities and the existing RTD Peña Station.

Construction is expected to be completed in August 2019.

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The Denver Office of Economic Development (OED) is dedicated to advancing economic prosperity for the City of Denver, its businesses, neighborhoods and residents. Working with a wide variety of community partners, OED operates to create a local environment that stimulates balanced growth through job creation, business assistance, housing options, neighborhood redevelopment and the development of a skilled workforce.

Founded in 1972, Dominium is a Minneapolis-based owner, developer, and manager of apartment communities nationwide. With more than 25,000 owned and/or managed units at over 200 sites in 23 states, Dominium is known for creative solutions to unique and challenging development projects, and management expertise. As of 2017, Dominium was ranked second largest owner of affordable housing by Affordable Housing Finance; and 42nd in NMHC 50 Largest Apartment Owners ranking. For more information, visit www.dominiumapartments.com.