Colorado officials outline 8-project portfolio projected to produce 1,600 homes

State officials outlined an eight-project public-private partnership portfolio projected to produce more than 1,600 affordable or attainable homes, they told lawmakers Sept. 15. The projections also include at least four child-care facilities, more than $390 million in anticipated private investment and more than $13 million in projected state revenue over 10 years.

The projects are at different stages, from concepts and unsolicited proposals to a development moving toward financial close. The committee took no action on the portfolio at the briefing.

The Colorado Public-Private Partnership Office evaluates proposals, pursues agreements and oversees implementation. Officials said projects generally must move through feasibility review, market testing, procurement, public approvals, entitlements, financing and construction.

Officials discussed these named projects and initiatives:

• AHEC Ballfield: The project is moving toward financial close and is expected to include 168 homes for households earning 60% to 100% of area median income, along with an early-childhood education center. Officials said higher interest rates and construction costs led to revisions. The next steps are financial close and a groundbreaking expected in early 2027.

• ArtLine Village: The Lakewood proposal would convert 14.4 acres of underused state property into about 195 homes — 120 affordable rentals and 75 for-sale homes — plus a child-care center, two in-home child-care spaces and artist studios. The committee approved the project earlier in 2026, officials said, but that approval did not authorize construction. Lakewood’s repeal of the zoning code under which the property had been rezoned returned the parcels to a category requiring 50% office space. The project now faces an estimated eight- to 12-month rezoning process, with community engagement beginning.

• Governor’s Mansion parking lot: The proposal would add about 67 mixed-income rental homes while preserving 28 parking spaces for mansion operations. Ground-lease revenue would support long-term mansion maintenance. Officials hoped to seek committee approval in October, so the proposal had not received that approval as of Sept. 15.

• Golden Range: The Golden proposal would include about 378 rental and for-sale homes for households earning 30% to 140% of area median income. Officials said the city had pledged some private-activity bonds, but the project was still addressing site and community issues before entering binding long-term agreements. Zoning was projected to finish in late 2027, with construction beginning in 2028. Completion of all phases was estimated at four to seven years because some phases depend on competitive funding rounds.