Property Type: Multifamily
Los Altos de Alameda is an affordable housing community in West Denver that St. Charles co-developed in 2010 on a blighted infill site. The project was financed in part through an allocation of 9% low-income housing tax credits from the Colorado Housing and Finance Authority. Key Bank provided the remaining construction and permanent financing. This green-community-certified project features modern interior finishes and a 25-kilowatt rooftop solar array that effectively lowers all residents’ monthly utility rates. Once the project was placed in service and stabilized, St. Charles sold its interest to Metro West Housing Solutions. The project was St. Charles’ first in the Westwood neighborhood and continues to maintain a substantial waiting list to this day.