The multi-family lot at 5375 W 10th Avenue (ZIP 80214) is set to transform from a site at risk of redevelopment into a stable anchor for 150 affordable rental units.
On February 24, 2026, the Denver City Council voted to adopt a $7.5 million loan agreement with Archway Investment Corporation, Inc. to fund the construction. This financial injection targets a specific pressure point in West Denver, where municipal planning data identifies the corridor as facing increasing displacement risks due to rising market values.
The project, located in Council District 3, involves the development of a new 150-unit residential complex. The city's funding comes in the form of a 360-month loan, structured to ensure the units remain affordable for the long term. By locking in this capital now, the city aims to preserve housing stock that might otherwise be lost to market-rate conversion or demolition.
This approval reflects a broader strategy to use city capital to counteract the rapid turnover of older properties in areas adjacent to the Denver Metro area. While the exact architectural plans and timeline for ground-breaking were not detailed in the council filing, the approval of the loan marks the critical first step in securing the site for low-to-moderate income residents.
Residents interested in the legislative details of this adoption can review the full record via the Denver City Council portal at https://denver.legistar.com/LegislationDetail.aspx?ID=56370.