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East Colfax community trust launches, acquires 23-unit building to curb displacement
Summary
The East Colfax Mixed Income Neighborhood Trust launched in September 2024, acquiring a 23-unit building on Xenia Street and completing major renovations. The trust aims for 100 units under contract by 2025 and a long-term goal of 1,000 units within a decade to stabilize rents and preserve affordability along the East Colfax Corridor.
The East Colfax Mixed Income Neighborhood Trust, a housing-preservation vehicle created by the East Colfax Community Collective in partnership with Trust Neighborhoods, launched in September 2024 with the acquisition of a 23-unit apartment building on Xenia Street in the East Colfax Corridor.
The trust said it completed major renovations to make the building more habitable, including a remodeled heating system, roof and courtyard repairs, and security upgrades. Organizers described the trust as a community-controlled model that acquires, owns and…
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