Loan Amount: $5,703,455
Developer: Summit Housing Group
The Academy Place Apartments is a proposed 50-unit multifamily development providing 49 affordable housing units (98% of total) restricted to tenants with household incomes not exceeding 60% of the area median income, featuring a mix of one, two, and three-bedroom units in one 2-story residential building, with one manager\\\\\\\'s unit. It targets low-income families, offering stability through affordable rentals and supportive services including financial literacy, transportation, nutrition education, parenting classes, and job-skills workshops provided by Broomfield FISH at no cost. The property is unique for its modern design with open-floor plans, three fully ADA-accessible units, and consideration for COVID-19 impacts such as verified occupancy and rent deferrals prior to funding. Amenities include a community room, fitness room, picnic/bbq area, community garden, tot lot/playground, business center, Energy Star appliances, central A/C, washer/dryer in units, privacy fencing, and surveillance cameras, with 71 parking space.