Evergreen Real Estate Group has brought new housing options to Rifle, Colorado.
The recently completed 60-unit Rifle Apartments is the first family-oriented low-income housing tax credit (LIHTC) development built in the community in the past 20 years, according to officials.
The development serves residents earning between 30% and 80% of the area median income (AMI), with 14 apartments designated as project-based voucher units for families at or below 30% of the AMI.
“It’s an absolute thrill to see Rifle Apartments now standing at this prominent, transit-adjacent site against a backdrop of mountain views,” said Javonni Butler, vice president of development for Evergreen and head of the firm’s Denver office. “The completion of Rifle Apartments marks the culmination of years of hard work and collaboration among private and public partners. It’s especially rewarding to see the first residents enjoying their new homes, which in addition to being affordable are strategically located to give local families easy access to schools, employers, businesses, public transit, and recreational amenities along the Colorado River.”
Homes feature open layouts with modern finishes, including vinyl plank flooring, LED lighting, full kitchens with Energy Star appliances, baths with step-in showers and low-flow plumbing fixtures, and in-unit laundry.
On-site amenities include a community room, a fitness room, storage lockers, and abundant green space that includes a playground. The development also offers 115 free parking spaces, including EV-ready charging stations. Commuters can also take advantage of an adjacent CDOT Park-n-Ride, which is served by regional bus routes that provide service to population centers throughout the area.
Financing for the project includes support from the Colorado Division of Housing, Impact Development Fund, Colorado Clean Energy Fund, and Colorado Housing and Finance Authority.
Chicago-based Evergreen is developing additional rental communities in Colorado, including The Ford Apartments, a 60-unit income-restricted rental community that is expected to break ground this summer adjacent to the Denver Health Main Campus in Denver, as well as Park Place Apartments, an 80-unit income-restricted rental community in Denver’s Sun Valley neighborhood that is scheduled to break ground this fall. Construction is also underway on a 170-unit income-restricted rental housing community in Denver’s Globeville neighborhood that will be co-located with a new Denver Public Library branch and a 4,000-square-foot community cafe.