Arctaris Annual Impact Report: Financial Innovation. Community Impact.

Overview

Altitude Apartments is a development of 100 units of workforce housing serving Glenwood Springs, CO. The property is located 1.4 miles south of downtown Glenwood Springs and 2.1 miles from the Glenwood Hot Springs Pool. As a strategic bedroom community, Glenwood Springs supports many neighboring resort destinations including Aspen, which is approximately 39 miles away.

Impact Thesis

The project addresses the dearth of housing priced at affordable rates for the local workforce. In addition, the development provides convenient access to transportation and resident/community amenities. The project serves the severely constrained region of Garfield County, which estimates a 2,000-unit shortfall over the next 10 years. Additionally, the company follows defined guidelines to support a healthy environment, the advancement of social equity and dignity, and promotion of strong governance principles.

Status Active
Year 2020
Location Glenwood, CO

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