The Lower Downtown area of downtown, commonly called LoDo, is one of the trendiest and most expensive places to live in the metro area. Lofts can easily cost $300 per sf or more. Market rate apartments in downtown rent for more than $1,000 per month.

Many people who work downtown can’t afford to live in LoDo. But in November, the non-profit Colorado Coalition for the Homeless will break ground on the Off Broadway Lofts, an 81- unit loft apartment complex near Coors Field, at the edge of LoDo.

A third of the units will be reserved for homeless people and the remainder earmarked for people earning less than $37,260 per year. Monthly rents will range from $285 to $600.

Renaissance Housing Development Corp., a subsidiary of the Coalition for the Homeless, has received $647,488 in federal affordable housing tax credits from the Colorado Housing Finance Authority for the project at 2135 Stout St.

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