Denver Approves $4.1 Million For Affordable Housing In Five Points

DENVER (CBS4) – On Monday night, Denver City Council approved $4.1 million in financing to help provide housing and medical services for people experiencing homelessness in Five Points.

The nine-story Legacy Lofts project will be built at 21st and California, and will include 98 affordable units and a 75-bed recuperative care center. The property is currently a parking lot and is owned by the Colorado Coalition for the Homeless.

The studio and one-bedroom units will be restricted to those earning at or below 30% of the area median income, or less than $21,000 per year.

The recuperative care center will provide medical services to individuals experiencing homelessness and transitioning from local hospitals and clinics.

The nearly $35 million project is expected to break ground by the end of the year.