Presidential Arms

3595 S Washington St
Englewood, CO 80113

Property Type:
Multifamily Rental Housing

Units:
33

Year Completed:
Acquisition/Rehab 2007-2008

Leasing Information:
303.762.9912

Located in Englewood, Colorado, Presidential Arms Apartments offers homes with rents affordable to households with income at 60% of the Area Median Income (AMI) and below. At five stories, the 33-unit property offers studio, one-, and two-bedroom units. Built in 1964, the property was acquired by Grovewood in 2008. Upon acquisition, Grovewood quickly remedied long-deferred maintenance on the property, bringing it up to the high standard of living maintained at all Grovewood properties. The property features mountain views from its patios and balconies and is conveniently located near the renowned Swedish Hospital. Residents have access to an onsite Community Resource Center, a private courtyard, and a variety of nearby dining and retail options, the convenience of accessible public transportation, and use of an onsite community resource center.

Funding Sources:

Funding Sources: 9% Low Income Housing Tax Credit (LIHTC) – WNC Equity Investor; Arapahoe County and Colorado Division of Housing HOME/CDBG (3 separate grants); FHLBank Affordable Housing Program Grant – Colorado State Bank & Trust Sponsor; Governor’s Energy Office grant; Colorado State Bank & Trust Construction and Permanent Financing; Colorado Division of Housing Community Housing Investment Fund (CHIF) loan for large capital repair project in 2015 – 2016

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