Mayor Michael B. Hancock, Councilman Herndon and other notables to make remarks at July 10th Press Conference
Stapleton Denver in conjunction with the Northeast Denver Housing Center (NDHC) held a ribbon cutting ceremony to celebrate the completion of the Moline @ Stapleton Apartments (MSA) in Denver’s Stapleton community on Wednesday, July 10th at 10:00am.
“Placing housing units in communities of opportunity where you find good transportation access, shopping, jobs and schools is key for the long term wellbeing of residents and their dependents,” said Getabecha “Gete” Mekonnen, Executive Director, Northeast Denver Housing Center Inc. “NDHC is proud to continue building affordable housing with such character as Moline Apartments does- a well-placed and built home.”
This three story apartment building will provide 180 units of much needed affordable rentals to the Denver area, offering 69 one bedroom, 69 two bedrooms and 42 three bedroom apartments serving households making less than 60% of the area median income.
NDHC worked closely with public & private partners to produce a high quality product with great amenities for residents. Brookfield Properties (formerly Forest City) donated the land and financial support, the City and County of Denver, State of Colorado, 1st Bank and RBC Capital participated in the financing and equity funding. The development also used Federal Low Income Housing Tax Credits to fund the project.
“The process of delivering affordable homes throughout Denver is more important than ever, and requires the commitment and support of numerous entities,” said Senior Director of Marketing and Community Relations for Brookfield Properties’ Mixed-Use division, Tasha Jones. “We are working with local builders and the City of Denver to continue our commitment to build affordable homes in the Stapleton community, delivering a diverse mix of affordable housing options in one of Denver’s largest master-planned redevelopments
The Moline Apartments are located in Stapleton, Denver’s top selling master planned community – which offers excellent schools, a vibrant mix of retail and commercial offerings,, swimming pools, recreation centers, as well as an extensive parks and open space system– all within walking distance to jobs and the transit system. The apartments will also offer residents a community room, recreation room, bike storage area, leisure areas, children play areas, and 209 parking spaces.