RENAISSANCE RIVERFRONT LOFTS

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RENAISSANCE RIVERFRONT LOFTS
COLORADO COALITION FOR THE HOMELESS
AHF Live October 28, 2009
Creating Lasting Solutions
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COLORADO COALITION FOR THE HOMELESS

• 1,400 Units in past 10 years
• 200 Units in development
• Health and Human Services

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Renaissance Riverfront Lofts
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Renaissance Riverfront Lofts
100 Affordable Housing Units in Downtown
Denver 40 supportive housing units for homeless
individuals integrated among affordable
housing 60 units for low-income workforce
housing On-site Supportive services Community
Room Computer Lab Case Management Treatment
Services Exterior Courtyard
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Green Features
Green Communities Development Brownfield
Site Enhanced energy efficiency windows and
insulation High Efficiency Aquatherm Heating 141
PV Solar Panels Recycled Materials Eco-space
Elevators High Performance Glass Location Healthy
Environment
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Financing Sources
Construction Loan JP Morgan Chase 8
million Permanent Loan JP Morgan Chase
1.2 Million Federal Home Loan Bank AHP Grant
500,000 Low Income Housing Tax
Credits Enterprise Community Investment
Chase -- 11 million Denver HOME Grant
2 million Colorado HOME Grant 1
million HUD Supportive Housing Program Grant -
400,000 Denvers Road Home Grant --
400,000 Colorado Energy and Solar Tax Credits --
158,000 Gates Foundation Support
200,000 Total Development Costs 17,250,000 Cos
t Per Unit 172,250 Cost per Square Foot
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Development Challenges

• NIMBY
• David Bacon Wage Rates
• Tight construction site
• Aligning multiple funding sources
• Green Communities Engineering

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