Residents in Denver’s East Colfax neighborhood are celebrating the purchase of their apartment building by a housing collective. The group, known as the East Colfax Community Collective, is now the new landlord of the building, making them one of the few resident-owned housing collectives in the city.
The collective was formed with the goal of preserving affordable housing in the rapidly gentrifying East Colfax area. By purchasing the apartment building, the members of the collective have taken control of their living situation and are now able to ensure that the building remains affordable for current and future residents.
The purchase of the building is a major milestone for the East Colfax Community Collective, which has been working towards this goal for several years. With the help of grants and loans from various organizations, the collective was able to secure the financing needed to purchase the building and take ownership.
Residents of the apartment building are thrilled about the purchase, as it gives them a sense of security and stability in an otherwise uncertain housing market. They now have a say in how their building is managed and can work together to make improvements to their living situation.
The East Colfax Community Collective’s success in purchasing the apartment building serves as a model for other communities looking to take control of their housing situations. By working together and pooling resources, residents can ensure that affordable housing remains a priority in their neighborhoods.
Overall, the purchase of the apartment building by the housing collective in East Colfax is a victory for community empowerment and affordable housing advocates in Denver.Residents in Denver’s East Colfax neighborhood are celebrating the purchase of their apartment building by a housing collective. The group, known as the East Colfax Community Collective, is now the new landlord of the building, making them one of the few resident-owned housing collectives in the city.
The collective was formed with the goal of preserving affordable housing in the rapidly gentrifying East Colfax area. By purchasing the apartment building, the members of the collective have taken control of their living situation and are now able to ensure that the building remains affordable for current and future residents.
The purchase of the building is a major milestone for the East Colfax Community Collective, which has been working towards this goal for several years. With the help of grants and loans from various organizations, the collective was able to secure the financing needed to purchase the building and take ownership.
Residents of the apartment building are thrilled about the purchase, as it gives them a sense of security and stability in an otherwise uncertain housing market. They now have a say in how their building is managed and can work together to make improvements to their living situation.
The East Colfax Community Collective’s success in purchasing the apartment building serves as a model for other communities looking to take control of their housing situations. By working together and pooling resources, residents can ensure that affordable housing remains a priority in their neighborhoods.
Overall, the purchase of the apartment building by the housing collective in East Colfax is a victory for community empowerment and affordable housing advocates in Denver.
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