As one of the most active affordable housing developers in the City of Boulder, Element Properties has played a critical role in helping to meet the profound and growing need for permanently affordable housing (defined as 30-60 percent of area median income, or AMI). Utilizing low income housing tax credits (LIHTC) awarded by Colorado Housing and Finance Authority (CHFA), Element was a part of a team including The Michaels Organization tasked with the $64 million redevelopment of The Nest Communities, which resulted in nearly 240 permanently affordable units across Boulder. The Nest delivered on a commitment to provide permanently affordable housing that is beautifully designed, preserves a sense of place and comes loaded with amenities, transit-oriented locations and modern conveniences.