Denver Public Schools Foundation (DPS Foundation) announces the expansion of its innovative housing initiative for educators, made possible through its partnership with Grand Peaks. Building on the success of the initial offering of 10 units at the Skyline at Highlands apartment complex, Grand Peaks is now providing an additional 10 units at a steep discount to meet the overwhelming demand from Denver Public Schools (DPS) teachers and paraprofessionals.
This unique initiative offers DPS classroom teachers and paraprofessionals access to high-quality, discounted housing in the brand-new Sorella Apartments community, located in Denver’s Loretto Heights neighborhood. Offered at a 50 percent discount for 12 months, monthly rents can start as low as $876, depending on the unit selected.
“The strong response we’ve continued to see from DPS educators shows just how critical affordable housing solutions are to support the teachers and staff who shape the future of our students,” said Sara Hazel, President and CEO, DPS Foundation. “We are deeply grateful to Grand Peaks for their ongoing partnership and commitment to expanding this opportunity to even more Denver educators, helping ensure that more educators can live in the community where they work.”
The ten new discounted units are available to current DPS classroom teachers and paraprofessionals who meet the 80 percent Area Median Income (AMI) restriction. The available units are studio and one-bedroom units. The Sorella Apartments offers residents amenities such as a 24/7 fitness center, a resort-style pool, multiple outdoor kitchens, fire pits, and a stylish rooftop lounge with private patio space.
“Creating housing opportunities that make a real difference is part of our mission at Grand Peaks,” said Nick Simpson, Co-CEO of Grand Peaks. “We’re proud to expand our partnership with the DPS Foundation and help provide accessible, high-quality housing that allows educators to live closer to the communities they serve.”
Interested educators who complete the interest form will be entered into a random drawing managed by the DPS Foundation. Winners will be notified prior to June 6, 2025, and will move in starting July 1, 2025. More than 80 educators have already signed up for the discounted housing, underscoring the ongoing and urgent need for affordable housing solutions for Denver’s public-school workforce.
About Denver Public Schools Foundation
Committed to realizing every student’s potential, Denver Public Schools Foundation removes barriers, provides support, and unlocks opportunities in the classroom and beyond. DPS Foundation helps ensure that investments in our public schools are directed in the most effective, impactful and lasting way. Denver Public Schools Foundation believes when all students have the opportunity to develop their talents and become engaged and contributing members of our community, our society thrives. Learn more at dpsfoundation.org.
About Grand Peaks
Based in Denver, Colorado, Grand Peaks Properties, Inc. (“Grand Peaks”) is a fully integrated real estate investment firm built on a foundation of over 70 years of multifamily investment and management. Founded in 2003, Grand Peaks leverages the Simpson family history in multifamily housing to build a community for our residents, team members and investors. Consisting of two vertically integrated enterprises: Grand Peaks Properties, Inc. and Grand Peaks Property Management, Inc, Grand Peaks is dedicated to delivering superior housing solutions through thoughtful development, strategic acquisitions, renovations and comprehensive property and asset management services. Grand Peaks currently oversees a portfolio exceeding 10,000 units spanning across 10 prominent markets in the United States. To learn more, visit www.GrandPeaks.com.
