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State P3 office outlines pipeline of housing, childcare and broadband projects; seeks further AMI detail
Summary
The state Public-Private Partnership (P3) office updated the committee on eight active projects across housing, childcare, behavioral-health and broadband pillars, including a Lakewood mixed-income redevelopment expected to include at least 120 rental units below 80% AMI and a Governor’s Mansion parking-lot RFQ constrained to 20% at or below 80% AMI; staff said they will return with detailed AMI and rent-dollar breakouts before development agreements.
Tom Curek, director of the state P3 office, and legislative liaison Seth Ford briefed the Capital Development Committee on the office’s work to advance public-private projects focused on four pillars: affordable and attainable housing, early childcare, behavioral-health capacity and broadband.
Curek said the office is managing eight projects with an anticipated $18 million in spending (including grant money) over a 10-year window and expects long-term revenue generation. He highlighted the Lakewood complex redevelopment, for which the office selected a consortium of Metro West Housing Authority, Oakwood Homes and Elevation Community Land Trust; parcel 1 is planned as rental housing with at least 120 units at or below 80% AMI and parcel 2 is targeted for about 80 for-sale attainable units. Curek said predevelopment agreements should be finalized soon and the project will return to CDC in October with a detailed development plan.
Curek and Ford described the Governor’s Mansion parking-lot RFQ as a half-acre site intended for attainable or mixed-income housing with constraints in the RFQ (20% of units at 80% AMI or lower and 28 parking spaces reserved for the mansion). Curek said developers are being solicited and the RFQ closes on Oct. 24, with possible announcement of a predevelopment intent around Nov. 14.
Committee members pressed for numeric AMI and rent-breakouts so members can assess what 80% AMI would mean in dollar terms for tenants; Curek said parcel 1 will go through Colorado Housing Finance Authority (CHFA) competitive processes and that detailed AMI/rent buckets would be provided when the office returns with the predevelopment agreement. Ford offered to bring research about AMI distributions and local housing need to the committee in the coming weeks.
Curek also summarized other projects in the pipeline: a Steamboat Springs workforce-housing and childcare project (36 units plus an 11,000-sq.-ft. child center, supported by a $500,000 U.S. Forest Service grant for mass-timber exploration), the Royer Higher Education Center ball-field redevelopment (roughly 330 affordable/attainable units and an early-childhood facility), Lookout Mountain redevelopment planning, Durango workforce-housing acquisition and feasibility work on three I-70 remnant parcels in Denver. He reported a completed DOC broadband expansion at Sterling and Lyman correctional facilities funded by a Denver Foundation grant to support telehealth and education for approximately 3,500 incarcerated individuals.
Committee members asked for CHFA and local-market rent figures and requested the P3 office return with a clearer AMI and rent breakdown before a final approval vote.
