The new residents will be single-family home households earning 80 percent or less of the area median income. Apartment dwellers must earn 60 percent or below the area median income to qualify. Greg Vilkin, president of Forest City Stapleton, told the Denver City Council, Denver International Airport and Stapleton Committee that Forest City will provide far more affordable housing than originally anticipated. According to a report by John Rebchook, News Real Estate Editor of the Rocky Mountain News , Forest City Stapleton will accept Department of Housing and Urban Development Section 8 housing certificates for low and very low-income individuals. The affordable housing will be spread throughout the 4,700 acres, north and south of Interstate 70.
Forest City develops, acquires, owns and manages commercial and residential real estate properties.
Its portfolio of nearly 200 retail, residential, office and hotel properties throughout 21 states and the District of Columbia is operated by regional offices in New York, Los Angeles, Boston, Tucson, Denver, Washington, D.C. and San Francisco.