This article is part of Sharing Connexion’s Education Spotlight series, periodic news and learning opportunities for affordable housing and community-focused real estate projects. In this edition, Ed Briscoe, Managing Director at Weave Social Finance, LLC, explains the recent $95 million New Markets Tax Credits allocation to Colorado. New Markets Tax Credits can be a great way to provide financing to nonprofit led and/or social impact focused projects in low-income areas.
The purpose of Community Connexions is to elevate solutions to a real estate landscape that is squeezing nonprofits and has limited affordable housing options. The goal behind these events is to encourage balanced, amenity rich communities that serve resident needs and all income levels. This event took place at the newly renovated Holiday Theater in Denver, highlighting an innovative acquisition for a nonprofit arts organization while including additional housing units for artists.
On August 24th at 7:30 am, Denver nonprofit, Sharing Connexion will host a panel about community-centered commercial real estate projects. Rapid growth in Colorado has put a squeeze on nonprofits, affordable housing options, and municipalities looking to build balanced, amenity rich communities and serve resident needs. The panel will discuss commercial real estate projects that
Denver’s Park Hill neighborhood will soon have 253 new units of affordable housing. 67% of units will be two- three- and four- bedroom apartments. The affordable housing development is intended to serve a wide range of Denver residents who earn 30 percent to 80 percent of area median income. Sharing Connexion provided a $2.7 million
