Atlantis Community Foundation Secures $3M for Affordable Housing at 313 W. Bayaud Ave and 90 S. Elati St.

• When: 2024/10/14
• Address: 313 W Bayaud Avenue, Denver CO, 80223
• Address: 90 S Elati StDenver, CO 80223
• City: Denver
• State: Colorado
• Category: Affordable Housing
• Size: 60 units

The City and County of Denver approved a $3 million loan agreement with Atlantis Community Foundation to finance the construction of 60 income-restricted units at 313 W. Bayaud Ave and 90 S. Elati St. in Council District 7. This project, known as Henninger Legacy Homes, is a Permanent Supportive Housing (PSH) project aimed at providing affordable housing for individuals earning less than 30% of the Area Median Income (AMI). The development will consist of 60 one-bedroom units. Bayaud Enterprises is partnering on the project, offering the site in exchange for new office space within the building. The project will benefit from various subsidies, including HUD-Veterans Affairs Supportive Housing vouchers and Section 8 assistance.

Why it Matters

This project addresses the critical need for affordable housing in Denver, specifically targeting vulnerable populations such as unhoused individuals. With a 99-year affordability covenant, this development will provide long-term affordable housing solutions for the community.

Source