Last week, on a sunny December morning, developers, residents and members of the community broke ground on the capstone phase of The Edge affordable apartments community in Loveland. Held on site, the ceremony included remarks from project and funding partners, as well as Loveland Mayor Pro-Tem Jon Mallo.
The Edge Phase III is the third and final chapter in the Edge Apartments story, once again uniting the owner-architect-contractor partnership of Loveland Housing Authority (LHA), OZ Architecture and Pinkard Construction.
Expected to be completed in early 2026, the 52,170 square foot expansion will add three new 3-story buildings containing 66 new units, complementing the 139 apartments constructed in the previous two phases and bringing the total development to 205 units. Featuring a mix of studio, one-bedroom, and two-bedroom apartments, the new units will serve households with incomes from 30% to 60% of the area median income.
“There are a lot of special things about this campus, from creating permanent supportive housing for formerly homeless veterans in Phase I, to adding studio units to Phase II that allowed us to house young adults coming out of foster care,” said Jeff Feneis, Executive Directors of the Loveland Housing Authority. “We're really excited to get the team back together, with Pinkard Construction and OZ Architecture, and to complete construction of The Edge campus with these last 66 units.”
Pinkard President Tony Burke echoed those sentiments: “More than a decade after we started planning on Phase I, we are delighted to once again return to The Edge and finish what we started with two of our strongest longtime partners: Loveland Housing Authority and OZ Architecture.”
Completed in 2016, Phase I of The Edge consisted of an 82,000-sf ground-up facility with 70-units of affordable housing for working families and survivors of the 2012 High Park Fire and September 2013 floods, plus permanent supportive housing for homeless veterans. Completed in 2021, the 80,000-sf Phase II added another 69 affordable units for working families. The campus also contains a clubhouse, urban gardens, tot lot, walking trails, and open space, with immediate access to the neighboring business park, retail, and professional services.
All three phases are designed and constructed to meet Enterprise Green Communities Criteria. Project financing includes Low Income Housing Tax Credits and municipal and private funding from sources that include Wells Fargo, Colorado Housing and Finance Authority (CHFA), Colorado Division of Housing (CDOH), and Loveland Housing Development Corporation (LHDC). As the demand for new affordable housing in Loveland continues to grow, LHA is excited to add these 66 new units to our community’s affordable housing inventory when Phase III is completed.
