“It’s called Vida at Sloan’s: 176 one-bedroom units with an activity facility, rooftop garden and commercial space on the ground floor. Tenants would pay one third of their gross income for rent.
“It’s about a $64 million price tag on this building,” said Ryan Tobin, the director of Real Estate Development for the Denver Housing Authority. “It’s to serve low-income seniors or disabled residents that want to live in a fast gentrifying neighborhood, but to preserve that affordable housing and mix to the neighborhood.”
Tobin said there is unlimited demand for this type of housing.
“The Housing Authority will open up a wait list at any given time, and we’ll have thousands on it immediately,” he said.
However, with all the urban renewal at the old Saint Anthony’s Site, Denver Public Schools is seeing more students and not necessarily more money because of the Tax Increment Financing.
Tracy Huggins with the Denver Urban Renewal Authority said, “We work closely with DPS to mitigate the impacts of development, and that’s why we’ve agreed to a $2.5 million payment over the next decade.””
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Allen, Jaclyn. Denver 7 News 7 February 2018.