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Midwest Housing Equity Group
KCV Renaissance – Denver, Colorado

Named “one of Denver’s most affordable senior living developments,” by the Denver Post, Kentucky Circle Village (KCV) is a prime example of the successful impact the LIHTC program can have. KCV is an existing 172-unit mixed income apartment community for people 62+. It has 31 residential buildings that include 11 studios, 99 one-bedroom units and 62 two-bedroom units.

The property sits on an 8.7-acre site with a park-like setting. Built in 1959, with additional units built in 2000, KCV is owned and managed by Senior Homes of Colorado. They are an outreach mission jointly owned and operated by three churches in the Denver area. Located in the southeast area of Denver, it has a great location within walking distance to restaurants, grocery stores, entertainment and parks/trails. KCV is also easily accessible located within a few blocks of a bus stop.

The rehabilitation consisted of new roofing, repairs to siding, replacement of windows, exterior painting, entry doors, a new water heater, improvements to the grounds and sidewalks. MHEG Fund 44, LP provided $4.15 million in equity.

In addition, Energy Outreach Colorado recently installed over $525,000 in energy efficiency upgrades, including new furnaces, new insulation and new efficient lighting.