Development Updates
The Rally Flats community will consist of 100 units of permanently affordable housing situated at the corner of 29th and Bluff Street at the site of the RallySport Fitness Center. Boulder Housing Partners purchased the 1.86-acre site in the summer of 2020 and the redevelopment of the property received Site Review approval in February 2021.
In November 2022 the community received an award of low-income housing tax credits from the Colorado Housing and Finance Authority, providing the funding for the community to move forward. Construction is currently anticipated to begin in July 2023, with an estimated 16-month duration.
The project will consist of 24 studios, 62 one-bedroom units, and 14 two-bedroom units all for households earning less than 60% of the Area Median Income. BHP estimates that the Rally Flats community will provide $785,000 in annual rent burden relief to Boulder households.
The 1.86-acre infill site is exceptionally well located with easy access to the Goose Creek multi-use path, high-frequency transit stops along 28th and Valmont, as well as grocery stores and neighborhood-serving retail. The redevelopment of the site from the existing fitness center will also help to continue the transformation of the 28th and 30th Street corridors into mixed-use, walkable neighborhoods.
