Colorado

The Ridge | Colorado Springs, CO

Loan Amount: $3,095,462

Developer: The Commonwealth Companies

The Broadmoor Bluffs Apartments is a proposed 60-unit multifamily development providing 60 affordable housing units (100% of total) restricted to tenants with household incomes not exceeding 50% of the area median income, featuring a mix of one, two, and three-bedroom units in three 3-story garden-style buildings. It targets low-income households, offering rental affordability in an upper-income census tract where such access is typically limited, promoting community integration.

Units: 60