If finding affordable housing is one of your goals for 2017, you may just be in luck. According to a recent article in the Denver Post, a long-vacant office building at 5800 W. Alameda Avenue will be transformed into affordable housing units.
Lakewood’s housing authority, Metro West Housing Solutions, will be developing 152 income-restricted apartments. 54 of them will be contained in the existing eight-story office tower, and 98 will be located in a new four-story building planned for the large parking lot just to the west.
According to the article, the 152 apartments will be a mix of studio, 1-, 2- and 3-bedroom units. Planned amenities include a rooftop deck, community kitchen, fitness center, education spaces and community gardens.
Most of the apartments will be available to households earning up to 60 percent of area median income. A handful will be limited to 30, 40 and 50 percent AMI.
A formal waiting list for units will likely launch sometime in 2018, according to the housing authority. When Metro West opened its wait list for housing vouchers earlier this year, the agency received 4,000 applications in a matter of days.
The post reported that demolition work is set to begin in March, with construction wrapping up in fall 2018.
Since 2003, Metrowest Real Estate Services has been Denver’s premiere resource for residential, foreclosure, REO and investment real estate. When helping you buy or sell, our mission is to provide excellent customer service to our corporate and individual clients by ensuring that our agents exceed all standards for market knowledge, professionalism, and client support. Whether you are a high volume investor or a first time homebuyer, our team at Metrowest can help you realize your real estate goals! Metrowest is your Denver Colorado Real Estate Team. We specialize in helping you get the most of your sale, purchase or investment.
Rental prices are consistently increasing all over the metro area, but
"Andy is an excellent experienced agent with tons of knowledge and is always extremely responsive. As a lender I appreciate working with qualified agents like Andy. I highly recommend to clients and friends!"