Denver Celebrates Opening of 60 New Income Restricted Apartments in Baker Neighborhood

Atlantis Apartments opens, offering many units targeted for individuals with disabilities

 

Denver’s Department of Housing Stability (HOST) today celebrated the grand opening of the Atlantis Apartments, a 60-unit community offering income-restricted apartments that are largely targeted to individuals with disabilities. Developed by the Atlantis Community Foundation, the apartments are located at 201 S. Cherokee in the Baker neighborhood.

“We’re proud to invest not only in affordable housing but in much-needed homes for people living with physical or cognitive disabling conditions,” said HOST Executive Director Britta Fisher. “These apartments will make a lasting difference for decades to come and add to the great progress made by the Atlantis Community Foundation in housing individuals.”

The four-story project includes office space and a community conference room on the ground level. Project features include enhanced accessibility features, common area laundry facilities on each floor, sensory elements and way-finding cues in common areas, a workshop/mudroom for repairing wheelchairs and bicycles, and technology/media centers.

All apartments are income-restricted exclusively for households earning up to 60 percent of the area median income (up to $42,000 for a single-person household). The building includes 36 one-bedroom units and 24 two-bedroom units. The building’s first residents moved in earlier this month, and full occupancy is anticipated later in October.

The City and County of Denver provided $800,000 in financing toward the $18.1 million project. The project also received other public finance funds from the Colorado Department of Local Affairs, and low-income housing tax credits through the Colorado Housing & Finance Authority.

The Atlantis Apartments is the latest city-supported affordable housing development to open in Denver. A total of 1,593 affordable units that have received city financing are currently under construction at 21 sites through Denver. An additional 1,087 income-restricted units are in the planning stage.

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