DENVER — The first phase of a $40 million, 4.5-acre affordable housing complex is set to open in Denver on Wednesday.
City officials will mark the opening of the first seven buildings at Del Corazon at 4400 Morrison Road in the Westwood neighborhood with a ceremony on Wednesday afternoon.
There will be 197 affordable rental units for low- and moderate-income households available when the complex is fully completed early next year.
The project replaces two highly distressed mobile home parks that were in jeopardy of condemnation, the Denver Office of Economic Development said.
The units will be available to households earning 60 percent or less of the area median income (up to $35,280 a year for one person or up to $45,360 for a family of three).
Because Del Corazon is on both sides of Morrison Road, the development also includes a new median to improve pedestrian safety.