Evergreen Real Estate Completes LIHTC Development In Rifle, Colorado

RIFLE, COLO. — Evergreen Real Estate Group has completed the 60-unit Rifle Apartments in Rifle, approximately 183 miles west of Denver. The affordable housing community is comprised of a trio of three-story buildings that include one-, two- and three-bedroom units reserved for households earning between 30 and 80 percent of area median income (AMI). Of the 60 total apartments, 14 are designated as project-based voucher units for families who are earning at or below 30 percent of AMI. The development also is managed by Evergreen and is currently 95 percent leased. The property was designed by EJ Architecture. Evergreen received a 9 percent Low-Income Housing Tax Credit (LIHTC) award through the Colorado Housing and Finance Authority for the development of Rifle Apartments. Amenities include a community room, fitness room, storage lockers and green space that includes a playground. The development also offers 115 free parking spaces, including electric vehicle charging stations.