A new affordable housing development breaking ground this month will bring 152 units roughly a quarter mile from the RTD Broomfield Station near U.S. 36.

The complex, dubbed Harvest Hill, will provide housing for people making between 30% and 70% of Broomfield’s area median income. Broomfield’s 2025 area median income is $140,100 for a family of four, according to the federal Department of Housing and Urban Development.

The developers behind Harvest Hill, Ulysses Development Group, is a Denver-based developer focused on affordable housing in the West.

“I don’t think it’s surprising to hear that every local government we talk to, every elected official we talk to — housing affordability is a key concern of them and their constituents,” one of the group’s founders, Connor Larr, said.

Larr said Ulysses has owned the development site since 2021, and the start of construction has been a long and expensive road, but one the group feels is worth the wait.

“We believe fundamentally in ensuring that people can live in the communities they work in, or have easy access to the communities that they work in,” he said. “The proximity to the highway and the transit line was very appealing to us because it would allow for that accessibility.”

The development is expected to break ground June 17 south of Colo. 128 and east of Commerce Street, with a projected completion in spring 2027.

The cost of the project sits at about $75 million, with the majority of the funds coming from construction loans and federal low-income housing tax credits, according to Ulysses. Broomfield’s government contributed $4 million to the project from its housing development fund.

Broomfield’s housing development fund is primarily cash-in-lieu funds from developers, according to City Council documents from the approval of Harvest Hill funding. Under Broomfield’s inclusionary housing ordinance, all new residential developments are required to include a percentage of income-restricted units, but developers can pay a cash-in-lieu fee instead if they choose.

“We could go build luxury market-rate housing … and perhaps make more money from a profit perspective, but the opportunity to work with those partners we like working with and coming up with creative housing solutions to provide high-quality housing at lower income levels is exciting for us,” Larr said. “It’s always exciting, it’s always different and the need is huge.”