DENVER (CBS4) – Nearly 100 new apartments have just opened up in the Stapleton neighborhood, giving some formerly homeless individuals and families a place to live.
The four-story complex called Bluff Lake is located at the intersection of East 31st Avenue and Hanover Street, just north of Martin Luther King Boulevard.
The apartments will provide affordable housing for people who qualify. They’ll be rented to veterans, low income and formerly homeless individuals and families. Half of the apartments will be set aside for previously homeless families to help them transition back into a place of their own.
The project was developed by Mercy Housing, an organization that works to create and provide affordable housing.
“Many of us who come from challenged backgrounds recognize the importance of recognizing people have sustainable living space, and what it means to our families, to our lives and development,” Denver Mayor Michael Hancock said.
The Stapleton Affordable Housing Plan requires that 10 percent of all homes for sale, and 20 percent of all rentals be set aside for low income people and families.
The rent for the apartments will range from about $400 to $950 a month, depending on the size.