Colorado

The Point Affordable Apartments | Aurora, CO

Loan Amount: $6,500,000

Developer: Mile High Development, LLC

The Point Affordable Apartments is a proposed 63-unit multifamily development providing 63 affordable housing units (100% of total) restricted to tenants with household incomes not exceeding 80% of the area median income, featuring a mix of one, two, and three-bedroom units in a four-story building. It targets low-income households, offering stability through rental affordability and access to public transportation and nearby amenities, with potential for long-term community impact in a growing area. The property is unique as part of the 22-acre transit-oriented The Point Crossing at Nine Mile Station redevelopment, countering high-cost housing challenges in a small difficult development area and conveniently located near light rail for easy access to downtown Denver, medical campuses, and the airport.

Units: 63