Paying rent in Denver can be a challenge for many residents. According to the RentCafe website, the average rent for an apartment in Denver is $1,607. The city has been working more toward providing affordable housing for Denverites, and it took a step toward making housing more attainable by celebrating the opening of the opening of the Moline Apartments in Stapleton.
The affordable apartments, located at 2820 Moline St. were developed by Northeast Denver Housing Center, come equipped with a community room, recreation room, bike storage area, leisure areas, children play areas and 209 parking spaces, according to a release from Denver Economic Development & Opportunity.
The 180 units are offered to households who earn up to 60 percent of the area median income.
“For 180 hard-working families who will have access to greater housing stability thanks to the Moline Apartments, this is our commitment to improving affordability for Denver residents in action,” said Denver Mayor Hancock in the statement. Hancock is fresh off celebrating his reelection from earlier this summer.
The apartment complex was funded through Denver’s Affordable Housing Fund.
“We’re proud to support this affordable housing community through our Affordable Housing Fund, and we’ll continue to prioritize and expedite partnerships with affordable builders to create and preserve more attainable options throughout the city,” said Hancock.
The apartment complex was also funded through the state and the Colorado Housing and Finance Authority. It was built on land that was donated from Brookfield Properties.
It is anticipated that all apartment units will be fully leased by the end of next month, the release reads. So far, there have been over 150 leasing applications, and that number will grow as applications are still coming in. Potential renters can learn more by calling 303-817-4012.
Neighboring schools include Creative Learning Preschool and Isabella Bird Community School.
“’Placing housing units in communities of opportunity where you find good transportation access, shopping, jobs and schools is key for the long-term well being of residents and their dependents,” said Gete Mekonnen in the statement. Mekonnen is the executive director of Northeast Denver Housing Center. “(Northeast Denver Housing Center) is proud to continue to building affordable housing with such character as Moline Apartments does – a well-placed and built home.”
There are more than 1,400 affordable units that have received city funding under construction in Denver, according to the city. Over 450 units are scheduled to break ground throughout the next year.