Affordable housing developer Gorman & Co. recognized for excellence |

Affordable housing developer Gorman & Co. recognized for excellence

The Village at Wintergreen apartments at Keystone are pictured on Wednesday, May 5. Gorman and Co., the developer of the project, will soon launch construction on a second phase of the project called Wintergreen Ridge. On Thursday, Sept. 22, 2022, it was announced that Gorman & Company received the Novogradac 2022 "Developments of Distinction" award for Excellence in Affordable Housing for the Elisabetta and Stella affordable housing projects the company developed in Denver.
Jason Connolly/For the Summit Daily News

Gorman & Co., the developer behind some of Summit County’s affordable-housing projects like Wintergreen in Keystone and Alta Verde in Breckenridge, has won a national award. 

Gorman & Co. won the Novogradac 2022 “Developments of Distinction” award for “excellence in affordable housing” based on its work in Denver as it developed the Elisabetta and Stella properties.

The Elisabetta development is a mixed-use, affordable-housing project with 91 units. The Stella affordable-housing development has 132 units as part of the mixed-use project.

Mixed use is when developers combine apartments with retail, restaurant and vendor spaces.

The developments only require 30% to 60% of area median income. In addition to affordability, the community set aside 25% for those with intellectual or developmental disabilities. 

Elisabetta and Stella were designed with the concept of trauma-informed design in mind, according to the news release. This reportedly promotes safety around the physical, mental and social wellbeing of building residents.

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