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First affordable apartment development in over 20 years breaks ground in Rifle, Colorado

Market’s low supply and rising housing costs have ballooned waiting lists for subsidized housing
Evergreen Real Estate Group is expected to deliver Rifle, Colorado's, first affordable apartment project in nearly two decades by the fall of 2025. (Evergreen Real Estate Group)
Evergreen Real Estate Group is expected to deliver Rifle, Colorado's, first affordable apartment project in nearly two decades by the fall of 2025. (Evergreen Real Estate Group)
CoStar News
October 4, 2024 | 9:36 P.M.

Construction has started on the first affordable apartment complex in Rifle, Colorado, in more than two decades as the number of households qualifying for government-subsidized housing in the area reaches nearly 1,500 or more than 14% of the city’s population.

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News | First affordable apartment development in over 20 years breaks ground in Rifle, Colorado