Krisana Affordable Apartments
Affordable Housing, Multi-Family Housing, LIHTC, Sustainable, Ground Up, Mixed-Use
Kentro Group/Lexton McDermott
This complex will include 151 units of deed-restricted, affordable housing located on the former CDOT headquarters site in southeast Denver. Construction is expected to conclude in the fall of 2024.
“The Krisana Apartments are the perfect kick-off for the Master Plan redevelopment of the former CDOT property,” said Jimmy Balafas, Kentro Group principal and co-founder. “Affordable housing has been a priority for us since our first involvement in the redevelopment of former CDOT property back in 2017, and it has remained a critical part of the mix through countless meetings with the community and stakeholders. There’s a housing crisis here in Denver, and we’re committed to making this contribution to help solve the housing gap.”
Krisana Apartments’ 151 units will include 21 studio, 71 one-bedroom, and 59 two-bedroom affordable homes equipped with Energy Star-rated appliances, central air conditioning, laundry facilities, a fitness center, courtyard, social room, and secured bike storage area, among other amenities. The Krisana Apartments will be 100% electric-powered and have received funding from the City and County of Denver through the New Building Electrification Pilot Program, a part of the Energize Denver Electrification Program.
The Krisana Apartments will be available for residents who earn up to 60% of the Area Median Income (AMI), with an upper limit of $49,260 in annual gross income for a single-person household or up to $70,320 for a four-person household, which are benchmarks established by the Colorado Housing Finance Authority (CHFA).
Lewis Himes Associates