Affordable Housing
Harvest Hill
What CCEF
Financed
Electric Vehicle Charging
Rooftop Solar PV System
Electrification-Ready Construction Design
Energy Star Appliances
LED Lighting
Low Flow Plumbing Fixtures“We were able to enhance our sustainability initiatives because of CCEF’s involvement.”
– Kevin Knapp, Vice President of Development, Ulysses Development Group
About the Project
Project investment: $1,800,000
Location: Broomfield, CO
Project Measures:
- EV Charging
- Rooftop Solar
- Electrification-Ready Construction Design
- Energy Star Appliances
- LED Lighting
- Low Flow Plumbing Fixtures
- Programmable Thermostats
Key terms:
- Affordable Housing: Housing which is deemed affordable to those with a household income at or below the median as rated by the national government or a local government by a recognized housing affordability index.
- Area Media Income (AMI): The midpoint of a region's income distribution, meaning that half of households in a region earn more than the median and half earn less than the median.
- Electrification-ready construction: refers to constructing a building with the infrastructure in place to accommodate future electric equipment.
The Story
Harvest Hill: Building Sustainable and Affordable Multifamily Housing in Broomfield
Harvest Hill is a transformative new construction development in Broomfield, Colorado that addresses one of the region’s most pressing needs: affordable housing for families. As the area has experienced exponential growth in recent years, housing production has not kept pace. Harvest Hill aims to address that.
This 100% affordable family housing project is a 152-unit residential rental development featuring a mix of one-, two-, and three-bedroom units designed with families in mind. Units will be restricted to between 30% and 70% of the area median income (AMI). On-site amenities will include a small park, outdoor grill area, fitness center, community event and craft room, and a dedicated leasing office. Residents can also expect Energy Star-rated appliances, in-unit washers and dryers, LED lighting, hard stone countertops, low flow plumbing fixtures, LED lighting, and programmable thermostats for the common area.
Harvest Hill is developed by Ulysses Development Group (UDG), a mission-driven organization based in Denver with a focus on providing high-quality, low-cost housing across Colorado. With strong community and partner support for this development, UDG had a clear vision for the project from the start: create housing that is more affordable, incorporate sustainability aspects into the buildings, and make transportation more accessible and climate-friendly.
Sustainability is central to the project’s development. The property will have 13 EV charging sites and an additional 104 vehicle spaces designated as EV-Ready, a 100 kW rooftop solar PV system, LED lighting, low-flow plumbing, Energy Star appliances, programmable thermostat, and electrification-ready construction with sufficient electrical capacity to fully electrify systems currently reliant on natural gas. This includes having an electric panel as well as transformer capacity to replace the boiler with an electric option in the future.
The capital for Harvest Hill is made possible through a combination of funding sources, such as tax credits, vouchers, and loans. Some supporting partners include the State Department of Housing and the City and County of Broomfield. CCEF provided $1,800,000 in financing comprised of funds from the Colorado Division of Housing (DOH) through the Affordable Housing Investment Fund (AHIF) and from CCEF’s Clean Conversion Loan.*
“We were able to enhance our sustainability initiatives because of CCEF’s involvement,” shares Kevin Knapp, Vice President of Development at UDG. “That includes the solar system, ability to provide EV chargers, LED lighting, and Energy Star appliances. All those items still cost a little bit more, and having financial participation from CCEF helped manage those added costs.”
Located just a quarter mile from the RTD’s Broomfield Station —connecting residents to both Boulder and downtown Denver —Harvest Hill will support a truly transit-friendly lifestyle while still being close to nature. With transportation being the second-highest cost for families after housing, this proximity provides a major affordability boost. RTD bus passes will be provided to residents for the first two years, offering a reliable and low-cost mobility option.
Construction for Harvest Hill is set to begin immediately, with completion anticipated in Spring 2027. The project is expected to have a lasting positive impact—not only by providing much-needed affordable family housing, but by encouraging long-term residency in Broomfield and creating a more equitable and environmentally resilient community.
*Since the Harvest Hill project was financed, the Clean Conversion Loan is no longer available. CCEF has consolidated loans in an effort to streamline the customer experience.
Image Source: Rendering from Ulysses Development Group
