- New Construction
- Public Housing/RAD
- Denver, CO
- 323 units
- Close to downtown Denver
- Completed in 3 phases: Phase 1, 2003; Phase 2, 2004; Phase 3, 2005
- Humphries Poli Architects
In Denver, D+B was a partner in the development team that implemented an $80 million revitalization of a former public housing site located in Denver’s Historic Curtis Park district, creating 323 rental units across three phases. Developer partners included The Integral Group and Empire Construction. The redeveloped property is close to Denver’s vibrant central business district.
Curtis Park is a true mixed-income development, with a mix of public housing units, tax credit units, and market rate units. Approximately 40% of the total rental units are public housing tax credit units, 30% are tax credit only units, and 30% are market rate units.
Financing sources for the onsite rental revitalization effort included federal public housing funds (HOPE VI), low-income housing tax credit equity, and FHA 221(d)(4) insured mortgages. As part of the development team, D+B was responsible for applications for tax credit and first mortgage financing, development and monitoring of the overall project budget, negotiations with financing partners, and review of all legal documents.
D+B also worked with the Housing Authority of the City and County of Denver to create a subordinate mortgage program. This important program provided subordinate financing to allow income-eligible Denver residents to purchase homes.