Lincoln Avenue Communities Initiates Affordable Housing Project in Arvada, Colorado

Groundbreaking for Affordable Housing in Arvada

Last week marked an exciting moment for the local community of Arvada, Colorado, as Lincoln Avenue Communities (LAC) officially broke ground on the highly anticipated Marshall Pointe Apartments. This new project represents LAC's commitment to providing affordable housing options in the ever-growing Denver metro area, where demand for housing often outstrips supply.

Marshall Pointe Overview

Marshall Pointe will be a four-story building housing 260 residential units, predominantly designed for families. The apartments will cater to individuals and families earning between 30% to 70% of the Area Median Income (AMI), ensuring that the project aligns with the increasing need for affordable living spaces in the region. The leasing process is projected to commence in September 2026.

Community Amenities

This residential complex is more than just a collection of apartments; it will boast a variety of communal spaces intended to enhance the living experience for its residents. Two courtyards will serve as the heart of the community, featuring:

- Adult Courtyard: A tranquil area with a covered dining space, hammock grove, flexible lawn, and lush landscaping for relaxation and social gatherings.

- Children’s Playground: A vibrant space with a climbing wall, a playground, a movie wall for screenings, and a garden to foster creativity and outdoor play among children.

Additionally, indoor amenities will include a state-of-the-art fitness center, a game room, mail and package rooms, and a lounge equipped with a kitchenette. Each unit will come furnished with Energy Star stainless steel appliances, walk-in closets, and modern countertops, enhancing functionality and sustainability within the living spaces.

Partnership with Family Tree

LAC’s innovative approach includes a partnership with Family Tree, a well-respected non-profit organization offering supportive housing solutions in the Denver area. This collaboration will lead to permanent supportive housing (PSH) provisions at Marshall Pointe, ensuring that several units are allocated for families in need. In total, 13 units will be earmarked for Family Tree’s program, fostering a community spirit and offering a pathway to stability for those transitioning between housing solutions.

Eight of these units will include Project-Based Housing Choice Vouchers from the Arvada Housing Authority (AHA), providing even more accessibility to low-income families.

Financing and Future Prospects

The financial backing for this venture has come through collaborative efforts with the AHA and the Colorado Housing and Finance Authority (CHFA), which supplied crucial tax credits and permanent financing. Additionally, the Colorado Department of Local Affairs contributed $5 million towards the land acquisition via their Operation Turn Key program, significantly expediting the development timeline for this project.

The project also enjoys support from the National Equity Fund (NEF) and JP Morgan Chase, highlighting the importance of multi-faceted support in overcoming the challenges of affordable housing development.

Lincoln Avenue Communities' Mission

As one of the fastest-growing entities focused on affordable housing, LAC continues to demonstrate its commitment to social responsibility while addressing housing shortages across the nation. With a portfolio that includes over 170 properties and nearly 30,500 units, their work is pivotal in supporting communities and promoting economic vitality in areas experiencing rapid growth.

Conclusion

The launch of Marshall Pointe Apartments signifies a beacon of hope for families seeking affordable options in a competitive real estate market. Through strategic partnerships and a focus on sustainable living, LAC is leaving a lasting impact on communities like Arvada, ensuring that no one is left behind in this burgeoning economic landscape. As construction progresses, local residents and stakeholders will undoubtedly watch with a keen interest as this venture transforms into a thriving neighborhood for future generations.