This is a conceptual elevation of Alta Verde and is subject to change.


Construction Complete: Winter 2022/2023

Alta Verde is the next  affordable rental housing project that will come online in the Town of Breckenridge in 2023.  In August of 2019, the Town hired Gorman & Company to pursue the 9% Low Income Housing Tax Credit (LIHTC).  In May of  2020, Gorman received the 9% LIHTC award from CHFA.  The 9% LHTC award makes it possible for Alta Verde to achieve rental rates as low as 60% AMI and below.  In addition, The Town also received a $650,000 grant for solar panels from DOLA that The Town will match.  The project goal is to achieve net zero designation, which means the total amount of energy used by the building on an annual basis is equal to the amount of renewable energy created on the site.  Alta Verde project construction started in Spring 2021 and  project completion is scheduled for Winter 2022/2023.

Neighborhood Summary:

# of Units: 80

Density: 16 UPA

Type: 1-, 2-, and 3-bd Apartments

 Occupancy: Renter Occupied 

Rental Rate: 60% AMI

Restriction Summary:

Income Target: 60% AMI

Rent: 60% AMI - No Short Term Rental Allowed.  

Master Lease:  Not Allowed

Neighborhood Amenities: Rec Path, Proximity to Parks, Trails, Public Transit, and Blue River. On-site play area, gathering space, dog area, and garages.  

Construction images taken on June 22, 2022