DENVER — The Denver City Council voted Tuesday to allocate $10 million in Multifamily Housing Revenue Bonds to The Forum, an affordable housing project in the Civic Center neighborhood.
The funding will be used to acquire and renovate the 10-story, 100-unit apartment complex located at 250 W. 14th Ave., next door to Civic Center park and the Denver City and County Building.
The resolution passed unanimously in a 12-0 vote. Councilwoman Robin Kneich was absent during Tuesday’s vote.
Planned renovations include replacing the roof, common area ceiling and flooring, in addition to upgrading heating, air conditioning, ventilation, plumbing, elevators, security systems, the building's exterior and in-unit cabinets and countertops.
The project will also seek to convert the existing Housing Assistance Payment contract for the complex to a long-term project-based voucher contract.
All of the 100 units will be reserved for tenants who earn 40% of the Area Median Income or less. In 2020, 40% of Denver AMI was $28,000 for a single-person household.
> Read the full story at The Denver Gazette
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