Affordable Communities Inc

The organization's exempt purpose achievement is to acquire boulevard garden apartments (a 40-unit project on south federal boulevard in denver, colorado) under the neighborhood stabilization program 2 (nsp2) and to rent the apartments to low and moderate income families and individuals. Presently twenty (20) of the units are restricted to households with income at or below 50% of the area media income (ami), 16 of the units are restricted at the lesser of the fair market rent for comparable units in the area as established by hud or 30% of the income of households at 80% of ami, and the remaining 4 units are restricted to households with incomes not exceeding 120% of the ami.

The organizations' exempt purpose achievement is to acquire morrison road apartments (a 19 unit affordable housing project located in denver, colorado) under the neighborhood stabilization program (nsp)and to rent the apartments to low and moderate income families and individuals. Currently two units are home assisted units and 17 units are "low nsp units."