Dominium Announces the Closing of South Range Crossings

Dominium, regionally located in Denver, Colorado, is excited to announce the successful closing of this Parker, Colorado property

Dominium, a leading Minneapolis-based affordable housing owner, developer and manager—with a strong presence in Denver, Colorado—is marking its seventh property and fourth new construction project in the state of Colorado with the closing of South Range Crossings.

Located off of J. Morgan Boulevard in Parker, Colorado, this $64 million development will provide 204 units of high-quality affordable housing to the local community. Developing partners include Douglas County Housing Partners, Bryan Construction Group, PWN Architects, Winthrop & Weinstine, and Commercial Partners Title Company.

“Dominium is excited to be adding the South Range Crossings development to its array of Colorado properties within this rapidly growing market,” said Dominium Vice President and Project Partner Ron Mehl.

The financing of this project was made possible with a Freddie Mac Forward Tax-Exempt Loan serviced by KeyBank, a tax-exempt construction loan and taxable equity bridge loan originated and serviced by KeyBank, an equity investment from CREA in the 4% federal low- income housing tax credits. Dominium also received support from the Colorado Housing Finance Authority for the allocation of the allocation of the federal low-income housing tax credits and issuance of Private Activity Bonds.