ALLEN, Texas -- FTK Construction Services, a leading nationwide general contractor specializing in Affordable Housing/LIHTC (Low-Income Housing Tax Credit) projects, has kicked off a major rehabilitation project for Weatherstone Apartments in Aurora, Colorado. The 204-unit property, originally built in 1981 and last renovated in 2008, is set to undergo significant upgrades. The project is valued at $13.7 million, with funding provided by the Colorado Housing and Finance Authority (CHFA).

Steele Properties, a prominent Denver-based real estate investment company specializing in affordable housing development and rehabilitation, owns the property. The construction is scheduled to be completed by March 2026.

Renovation Details

‍The project will involve extensive interior and exterior upgrades to enhance both functionality and aesthetics. Interior renovations will include fresh paint, new countertops, bathroom upgrades including plumbing fixtures, flooring, cabinets, and HVAC replacements. On the exterior, improvements will focus on paint, paving, playground enhancements, landscaping, and accessibility upgrades. These improvements are designed to not only make Weatherstone Apartments more modern but also to increase the overall livability and energy efficiency of the units.

Jim Goodman, FTK’s CEO, expressed his appreciation for the partnership with Steele Properties, saying, “We are very appreciative of the long-standing relationship that we have with Steele Properties. It’s a relationship that is based on mutual respect and transparency. They are a renowned nationwide leader in the Affordable Housing industry, and we are grateful to be part of their initiative to provide more quality affordable housing across the U.S.”

FTK’s Role and Expertise

‍FTK Construction Services has a rich history of working on affordable housing projects, with three key areas of focus: Affordable Housing/LIHTC preservation projects, multifamily renovations, and disaster services/insurance-related property damage restoration projects. With experience in 35 states and over 6,500 rehabbed units, FTK has built a strong reputation in the construction industry for delivering high-quality and impactful renovations.

The Weatherstone Apartments project marks another milestone for FTK in their commitment to improving the quality of affordable housing nationwide. As part of the firm's broad portfolio, this initiative reflects their continued dedication to preserving and enhancing affordable housing stock while providing modern, safe, and comfortable living spaces to residents.

About FTK Construction Services

‍FTK Construction Services is a nationwide full-service general contractor with three divisions specializing in multifamily construction: Affordable Housing/LIHTC, Multifamily Renovations, and Disaster Services/Insurance-related property damage restoration projects. The company has successfully completed or is in the process of completing projects across 35 states, with more than 6,500 rehabbed units to date.

For more information on FTK’s services, visit ftkconstructionservices.com.

Originally reported by Business Wire.