Affordable Housing Community in Thornton Awarded Tax Credits

Posted on: December 3, 2020

Source: milehighcre.com

Wednesday, December 2, 2020

Adams County housing authority Maiker Housing Partners has received Federal and State Low Income Housing Tax Credits from the Colorado Housing and Finance Authority (CHFA) for the construction of Crossing Pointe South, located at 4220 E. 104th Ave in Thornton. The Crossing Pointe multi-generational community already includes Crossing Pointe North, built in 2018.

With help from the architectural team of Van Meter Williams Pollack and Group 14 Engineering, Crossing Pointe South will follow Zero Energy Ready Homes and Enterprise Green Communities Certification to allow for energy savings and comfort for its residents.

“We are so excited to finalize the second and final phase of the Crossing Pointe community,” said Maiker’s Executive Director Peter LiFari. “After the successful creation of 64 apartments for elderly families at Crossing Pointe North, the South buildings will complete the vision of an exceptional, inviting intergenerational community for low and moderate-income families in Thornton.”

The support from CHFA leverages private equity totaling over an estimated $18.7 million for this $46 million project, which is expected to be completed by early 2023. Crossing Pointe South will consist of two buildings offering 142 apartment homes for families earning between 30 and 70 percent of the Area Median Income (AMI).

The Crossing Pointe community provides critical affordable housing for families and seniors in need of housing options with wrap-around services. Housing is particularly needed in this area since Thornton has the highest median rent of all municipalities in Adams County at $1,150/month.

“When we look at the rising cost of housing in Adams County, affordable communities like Crossing Pointe are so crucial,” said Adams County Commissioner and Maiker Board Chair Eva Henry. “I’m excited to watch the growth of this community as we work to create more healthy living opportunities for seniors and families.”

The City of Thornton has been incredibly supportive of Crossing Pointe South, with financial contributions illustrating the commitment to furthering affordable housing in Thornton. Jessica Sandgren, Thornton’s Mayor Pro Tem and Board Commissioner for Maiker said, “As a long time resident of Thornton, I care deeply about the people living here and the future of our city. The Crossing Pointe community is a much-needed addition, providing affordable housing that is conveniently located and welcoming to a wide variety of people.”

Posted in: NewsAwards


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