A familiar face in Denver's affordable housing arena is looking to raise the bar after accepting a new job with the nonprofit Archway Communities.
. The fund employs such innovative elements as a cash-back program for tenants who are consistent with rent payments, and shared appreciation of a property for long-term renters if the property is sold.
Archway owns eight properties in the metro Denver area and one in Colorado Springs. It houses more than 1,200 residents in those properties, according to Brudzynski. The former Jody Apartments at Tenth Avenue and Sheridan Boulevard, on the edge of west Denver, have also been acquired. Archway says it will demolish the site and replace the 63-unit building with 181 units of mixed-income housing. It will name the location"The Nest at 10th," and promises that it will be"sustainable, community oriented" and"a massive value add in a location highly susceptible to gentrification," according to a spokesperson.
The former HOST chief leaves her job with the city on September 22 after about nine months at the helm, and will start her position with Archway Communities on October 30.
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