Affordable Housing Units Headed To Lakewood

Dated: 01/03/2017

Views: 503

Image title


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.


If 2018 is outside your timeline and you’re looking into homeownership in Denver a little sooner, give Metrowest a call. 

Our experienced pros would love to show you around and help you start the process!

Michelle Moghazy

Michelle is a native of Denver, however just recently moved back Denver after living in Long Island , NY for the past 3 years. While in NY, she managed a portfolio of properties for a large NY invest....

Latest Blog Posts

Neighborhood Spotlight Castle Rock

While it’s experienced a tremendous amount of growth over the past several years, Castle Rock has somehow managed to keep that small-town feel. With a variety of independently owned shops,

Read More

Pace Of Resale Price Gains Slowing In Denver

For six consecutive months, year-over-year average gains in home-resale prices across metro Denver slowed slightly in July from the previous month's pace. However, the average resale prices in

Read More

20 Best Places For Families In Colorado

Washington, D.C.-based financial analyst site, Wallethub, recently released its report on the 20 best places to raise a family in Colorado, and you may be surprised at some of the contenders. The

Read More

House Prices Cooling In The Mile High But Inventory Remains Low

According to a monthly update from the Denver Metro Association of Realtors (DMAR), metro Denver’s heated housing market continued to show signs of cooling in August, with single-family home sales

Read More