Nine Mile Station Senior Living

12251 E Cornell Ave
Aurora, CO 80014

Property Type:
Senior Age 62+ Rental Housing

Units:
50

Year Completed:
Site Rezoning / Development / New Construction 2015 – 2020

Leasing Information:
303.750.3411

Located in Aurora, Nine Mile Station offers rents affordable to seniors with incomes at or below 60% of Area Median Income. Recognizing the vital need for senior housing with meaningful amenities for independent living, Grovewood developed Nine Mile Station Senior Living on a formerly blighted 1.67-acre urban infill development site near I-225 and Parker Road. Incorporating a biophilic design, the project respects and honors the life journeys of the residents and demonstrates how affordable housing can be an attractive, stabilizing and value-added asset for the community. The three-story, 50-unit property includes one- and two-bedroom units with amenities including indoor/outdoor community areas and onsite residential programs and services. Construction was completed in January 2020.

Funding Sources:

Impact Development Fund land acquisition loan; 9% Low Income Housing Tax Credits (LIHTC) – Midwest Housing Equity Group (MHEG) LIHTC Equity Investor; Arapahoe County, City of Aurora, and Colorado Division of Housing HOME/CDBG (5 separate grants/loans); Recovery Foundation Grant; BOKF construction financing; CHFA permanent loan; Colorado Health Foundation Healthy Living Loan; Colorado Health Foundation Program grant; real estate tax exemption via Special Limited Partnership with Aurora Housing Authority.

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