Work may begin sometime next year on the building of 92 condominium units in Denver’s Santa Fe Arts District, all to be geared for affordable housing.
The city’s Department of Housing Stability, otherwise known as HOST, is providing nearly $3.6 million in funding for what is being called the La Tela project.
The project has several partners, including the Urban Land Conservancy, which purchased the 18,000 square foot site in question more than a year ago for $1.8 million with the idea of it being transformed into affordable housing.
Located at the corner of W. 6th Avenue and Inca Street, roughly one mile to the south of downtown Denver, the planned five-story La Tela will feature units with ceiling heights of 9 feet, bike storage space, and LED lighting throughout the project.
Of the total units planned for the project, 64 will be studios, 24 are designated as two bedrooms, and four will have four bedrooms.
All of the units, priced anywhere from $150,000 to $200,000, will be restricted to residents making no more than $52,000 a year.
Designed by the Denver-based architectural firm Completiva, the project is seen as another step by HOST to increase the city’s permanent affordability housing stock.
By Garry Boulard
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