Elevate at Aurora

Aurora, CO

Role: Developer

Elevate at Aurora is an affordable, service enriched residential development that provides healthy living and intergenerational growth opportunities.

1671 Altura Blvd,
Aurora, CO, 80011

Project type
Urban infill, mixed use, ground up, affordable housing, workforce housing
TDC
$ 0 Million
Deal Level Returns
137 Affordable units 30%-70% AMI, 15,250 Sq. Ft. Community Service Facility offering Leadership, Entrepreneurship, Career Development Center, Bi-Lingual Community Church
Placed in Service
Q2 2025
Financing Method
Municipal Funds, Tax Exempt Bonds, 4% and State LIHTC
Financial Partners
KeyBank, The Reinvestment Fund, CHFA, State of Colorado, City of Aurora, Aurora Housing Authority, Local Philanthropy

Elevate at Aurora is an upward mobility ecosystem

Elevate at Aurora is a mixed-use development that cross pollinates affordable housing, best-in-class career development for high needs families and meaningful community engagement. The development will offer families high quality, affordable housing within an on-premises ecosystem designed to foster personal and economic growth. Columbia Ventures will develop the 5-acre property located at 1671 Altura, Blvd. in Aurora, CO, using 4% Low Income Housing (federal) and Affordable Housing (state) Tax Credits, into 137 affordable housing units and a 15,250 square foot Community Service Facility that will be home to Living Hope Community Church and CrossPurpose.

Elevate at Aurora‚Äôs unique synergistic approach will create opportunities for economic growth for residents and program participants. Affordable rents will decrease the economic strain of being rent over-burdened and CrossPurpose will offer growth pathways through leadership, entrepreneurship, and career development programs. The net effect of the project’s upward mobility model will not only benefit residents and participants, but Aurora and local business too, given that each resident and participant will see an increase in spending power, contributing to a more stable economic environment.

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