Boulder Housing Partners closes $46.5M deal for Tantra Lake Apartments

BOULDER — Boulder Housing Partners has acquired a 185-unit apartment community in south Boulder to create a mixed-income community.
BHP, the city’s housing authority, paid $45.6 million for Tantra Lake Apartments at 1000 W. Moorhead Circle, including $7.3 million from the city of Boulder’s Affordable Housing Fund and the Community Housing Assistance Program Fund.
“The greenest, fastest and least disruptive path to achieve our community’s affordable housing goals is to purchase existing housing where the rents are appreciating at a pace far faster than income is,” Betsey Martens, executive director…