While Colorado was once considered “relatively affordable,” that has changed over the past decades, said Jennie Rodgers, Enterprise’s vice president and market leader for Rocky Mountain and Tribal Nations and Rural Communities. In fact, affordable housing was rated the top concern people are grappling with across the state, according to a recent survey by the Colorado Health Foundation. “Right now, many people here are cost burdened, and many are even on the verge of eviction,” Rodgers said.

Enterprise released the study, Investing in Communities Along the Purple Line: 2024 Capital Needs Analysis outlining the capital, complementary policies, and capacity needed to meet the 17,000 affordable home goal for the Purple Line corridor.

Enterprise has closed on the financing for the development of 76 new affordable apartments, Park Montgomery West, and the renovation of the 141-unit Park Montgomery Apartments, an existing apartment community located at 8860 Piney Branch Road in Silver Spring, Maryland.