NEW Housing Near On Havana Street – Affordable Housing Development on East Colorado Avenue
New Affordable Housing Development on East Colorado Avenue
Mayor Coffman spoke at a groundbreaking ceremony for an 81-unit apartment building at 10150 East Colorado Avenue for individuals and families of modest incomes.
The building will be four stories tall with elevators and plenty of common area amenities for the apartment building’s 23 one-bedrooms, 44 two-bedrooms, and 14-three-bedrooms units.
The discounted rents are based on the Average Median (Household) Income in Aurora which is $71,677:
9 units at 30% AMI
7 units at 40% AMI
15 units at 50% of AMI
38 units at 60% AMI
12 units at 80% AMI
The lower rents are made possible through federal tax credits and incentives to developers and not by Aurora’s taxpayers.
Artist’s rendering of Sapling Grove Apartments at 10150 East Colorado Avenue.