A vacant 0.4-acre lot that has sat empty on the corner of West 10th Avenue since 2021 is finally poised for construction, following a major financial commitment from the city.
The Denver City Council has approved a $1.7 million loan to Wolff 23 LLC, a development move designed to break ground on a new housing project at 4801 W 10th Ave (ZIP 80205). The funding will support the construction of 23 affordable for-sale units, addressing the city's inventory shortage in a neighborhood that has seen significant commercial shifts but limited new residential density.
The property, identified by Parcel ID 5063-00-272, last changed hands in May 2021 for $850,000. For years, the site remained an eyesore in an area where land values have climbed steadily. By locking in city financing now, the developer secures the capital necessary to convert this underutilized space into permanent homeownership opportunities for Denver residents earning below the median income.
This approval marks a critical step in the city's broader strategy to increase affordable housing stock through direct financial partnerships. While the specific architectural plans and timeline for groundbreaking have not yet been released to the public, the council's vote clears the primary bureaucratic hurdle. The loan agreement was formally adopted during the council session, with the last regularly scheduled meeting within the 30-day review period set for April 20, 2026.
Residents interested in tracking the construction progress or learning more about the specific income qualifications for the future units can visit the Denver city portal for the full legislative record and updates on the project's status.