TWG Plans $15.2M Residences at Delta Affordable Community in Colorado

by Jeff Shaw

DELTA, Colo. — TWG has unveiled plans for Residences at Delta, a $15.2 million affordable multifamily complex for seniors.

Residences at Delta will be a two-story, 50-unit complex near Mountain View Park and Sweitzer Lake State Park. The project offers one-bedroom apartments reserved for seniors 62 years and older who earn up to 60 percent of the area median income (AMI).

Constructed in partnership with Delta Housing Authority, the project seeks to bridge the generational gap between seniors, their families and youth in the community.

Construction of the project is scheduled to begin this month for completion in spring 2023.

TWG was awarded low-income housing tax credits (LIHTC) from the Colorado Housing and Finance Authority and Delta Housing Authority received a grant from The Colorado Department of Local Affairs Division of Housing. The project also includes support from other partners, including Horizon Bank, Red Stone Equity, RCH Jones Consulting and Williford LLC.

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