Paris Family Apartments - Brothers Redevelopment

This past month, Brothers Redevelopment was honored to welcome officials from the City of Aurora, and the U.S. Department of Housing and Urban Development (HUD) on tours of two of our affordable housing communities.

The day began at Paris Family Apartments with a warm welcome from Brothers President Jeff Martinez on April 25. The affordable housing community — located at 1702 Paris St. in Aurora — offers 39 units to families with children who have a household income at or below 60% of Area Median Income. Among those who visited the site include Aurora City Councilmembers Juan Marcano and Angela Lawson, HUD Assistant Secretary for Congressional and Intergovernmental Relations Kimberly McClain, Regional Administrator for the HUD, Rocky Mountain Region, Dominique Jackson, and others from the City of Aurora and HUD.

Later in the day, officials from HUD continued their tour of our affordable housing communities by visiting Valor on the Fax at 7900 E. Colfax. This new 72-unit community was designed to house people who have experienced traumatic brain injury or a related disability. Officials were guided by Martinez throughout the building and were shown one of the community’s three-bedroom units, architectural design that alleviates brain injury like Valor’s therapeutic rooms, the building’s state of the art rooftop and community lounge, and other parts of the community.

The purpose of the tours was for officials to see developments throughout the Denver area that are utilizing innovative and forward-thinking approaches to addressing homelessness and affordable housing.

“Having HUD officials and leaders from the City of Aurora tour two our affordable housing communities was an incredible opportunity for us to showcase the impact of our work and the importance of affordable housing solutions for low-income individuals and families. We appreciate their visit and are committed to continuing to provide safe, affordable, and sustainable housing for those who need it most,” said Martinez.

At the sites, Martinez spoke to City of Aurora and HUD officials about each community’s features, the impact affordable housing has had on tenants, and the collaboration that took place for us to offer the affordable housing communities.

Paris Family Apartments was funded with competitive Low-Income Housing Tax Credits. The $17.5 million project was made possible by federal funds from HUD that were administered by several local participating jurisdictions — including the City of Aurora, Arapahoe County and the Colorado Division of Housing. Federal funds for this project were matched by private and philanthropic grants that assisted with securing Low-Income Housing Tax Credit funds issued through the Colorado Housing and Finance Authority, provider of a permanent loan.

This project is a model for strong local, state, and federal partnership in providing affordable housing. Paris Family Apartments is Brothers’ first affordable housing development in Aurora and its first funded with Low-Income Housing Tax Credits.

Valor on the Fax was made possible thanks to partnerships with the City of Denver, who selected Brothers to develop the community, and the Brain Injury Alliance of Colorado — another nonprofit that offers support, counseling, and resources to tenants at the community.

In 2021, Denver City Council unanimously approved a resolution that provided a loan of more than $1.4 million for the construction of Valor on the Fax. That loan will be forgiven after 99 years of affordable housing performance compliance. Denver City Council also approved a $1 million contract with Brothers to provide supportive housing services to residents at the community that will help them transition out of homelessness.

Brothers offers nearly 1,000 affordable units to families, youth experiencing homelessness, and disabled residents in Denver, Aurora, Westminster, Erie, and Boulder. For more information about our affordable housing communities, visit brotherspropertymanagement.org.

Brothers Redevelopment celebrates milestone July 12 with HUD Secretary Ben Carson,
Gov. Jared Polis and Sen. Cory Gardner

AURORA, CO – Brothers Redevelopment, Inc., cut the ribbon July 12 on Paris Family Apartments, its newest affordable community, with help from HUD Secretary Ben Carson, Gov. Jared Polis, Sen. Cory Gardner and Aurora Mayor Bob LeGare.

Colorado Housing Finance Authority Executive Director Cris White also lent a hand at festivities marking a landmark achievement in housing lower-income families and providing them supportive services. Brothers president Jeff Martinez hosted the grand opening of the 39-unit Paris Family Apartments, which drew more than 100 guests, including enthusiastic Brothers’ Board of Directors and staff, for tours of the sleek modern building at 1702 Paris St.

The $13.5 million project is a model for strong local, state and federal partnership in providing affordable housing. Nonprofit housing agency Brothers developed Paris Family Apartments with the extensive creative and financial support of the City of Aurora. Paris is Brothers’ first affordable housing development in Aurora and its first funded with competitive Low-Income Housing Tax Credits (LIHTC).

“Every dollar pays a dividend in the form of healthier and happier families who have a better shot at a better future,” Secretary Carson said.

Paris Family Apartments’ two- and three-bedroom units are available to families with children who have household income at or below 60 percent of Average Median Income (AMI), and many have incomes at 30 percent AMI or below. Supportive services will be offered to residents.

Gov. Polis said that the goal of his administration is to save families money, which means increasing the state’s investment in affordable housing.

Sen. Gardner said every “nook and cranny” of Colorado needs more affordable housing. “If we get housing right, we make so many other problems of people (are easier to solve),” Gardner said

Paris is made possible by federal funds from HUD that are administered by several local participating jurisdictions, including the City of Aurora, Arapahoe County and the Colorado Division of Housing. Federal funds were matched by both private and philanthropic grants that helped secure Low-Income Housing Tax Credit funds issued through the Colorado Housing and Finance Authority, provider of a permanent loan. Wells Fargo is the equity and construction lender.

“Every one of these partners is abundantly critical,” CHFA Director White said.

“This all had to start at the City Council level,” Mayor LeGare said. “Mayor Steve Hogan was very, very focused on the need for affordable housing. … And Brothers has been an amazing partner for this type of development. They take it from the ground up and they run with it.”

Established in 1971, Brothers Redevelopment is a nonprofit providing housing and many housing-related services to more than 5,000 low-income elderly, disabled and other households each year. Paris Family Apartments is Brothers’ 14th affordable community in the Denver Metro Area.

HUD/City of Aurora tour Paris Family Apartments and Valor on the Fax

Grand Opening of Paris Family Apartments in Aurora