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About Red Oak Park
Owner: Red Oak Park, LLLP (A LIHTC partnership of which Boulder Housing Partners is the General Partner)
Designer: Coburn Development
Location: Boulder, Colorado
Why Red Oak Park?
Red Oak Park is Boulder’s most significant affordable urban infill development. Located on the site of a mid-century mobile home park, 59 permanently affordable single-family, duplex and triplex units replaced many deteriorated mobile homes. The design mimics the feel of the mobile home park, blends into the density of the surrounding neighborhoods (about 20 units/acre), meets Boulder’s high design and energy efficiency standards, while remaining affordable to families earning 30-50% of the area median income. The project was completed in the summer of 2011 using low income housing and solar tax credits as well as grants from the City and a private foundation. Homes were leased to former site residents and qualifying families and has remained 100% occupied since completion. The new homes maximize energy efficiency with a multitude of green building strategies and the homes generate energy with rooftop solar panels. Red Oak Park includes a beautiful community center with after-school and community wide education opportunities.
It embodies many planning and transportation strategies of smart growth neighborhoods while retaining affordable rents. It models affordable redevelopment where existing residents are welcomed back to new homes with place based design. All homes are ENERGY STAR certified and many produce more energy than they consume through rooftop solar energy. The project used creative financing including tax credits (Low Income Housing & Solar Energy), a loan, and City of Boulder and other grant funds 100% occupancy confirms market acceptance of the development and its successful resident services and amenities.
Red Oak Park…
- Embodies many planning and transportation strategies of smart growth neighborhoods while retaining affordable rents.
- Models affordable redevelopment where existing residents are welcomed back to new homes with place based design.
- Homes are all ENERGY STAR certified and many produce more energy than they consume through rooftop solar energy.
- Used creative financing: Tax Credits (Low Income Housing & Solar Energy), a loan, and City of Boulder/other grant funds.
- 100% occupancy confirms market acceptance of the development and its successful resident services and amenities.