Boulder Housing Partners is putting crews on a 4.5-acre lot at 3125 34th Street this week. The city's housing authority says construction on Harvest34, a community of 44 townhome-style affordable rentals for families, starts the first week of November and should run about 18 months, with leasing planned for spring 2028 (via GlobeNewswire).
The site has been waiting a long time. BHP bought the vacant parcel in 2015 with financial help from the City of Boulder, and the agency's project page says the name nods to the land's past as an orchard. It sits just east of the Orchard Grove Mobile Home Park, and BHP says the site plan keeps an existing wildlife corridor and open space along the community ditch that runs through the property.
The unit mix leans toward families: 10 one-bedroom, 24 two-bedroom and 10 three-bedroom homes. Plans also call for a community center, a playground, community gardens, pollinator gardens and walking paths for people on foot and on bikes, with access to the city's bike trail network and public transit.
What sets Harvest34 apart from a typical tax-credit deal is the depth of the subsidy. Every home will carry a project-based voucher, and households earning under 50% of area median income can qualify. Residents generally pay about 30% of their household income toward rent.
"Harvest34 is deeply affordable by design," BHP Executive Director Jeremy Durham said in the release. "When rent takes less of a paycheck, families can put that money toward groceries, childcare, savings, and local businesses."
Deneuve Construction is the general contractor and Sopher Sparn Architects designed the community. Red Stone Equity Partners is the federal Low-Income Housing Tax Credit investor, Monarch Capital is buying the state tax credits, and ANB Bank is providing both the construction loan and the permanent debt. The city helped with the land in 2015 and supplied gap financing so the deal could close this fall.
That city money is public record. In November 2025, Boulder awarded $4.4 million from its Affordable Housing Fund to what was then called BHP's 34th Street Project, describing it as a 44-unit, all-electric community of permanently affordable townhouse-style homes. At that point the city listed the project as serving households at 30% to 60% of AMI; the new release puts the income cap below 50%, tied to the vouchers. The award was part of a $21.38 million round the city called its largest one-year affordable housing investment, which also funded BHP's 113-unit Penrose Place, a Golden West senior housing project and a Thistle Community Housing rehab at the Fairways apartments.
"These 44 homes will let working families, children, and individuals put down roots close to trails, transit, and the rest of Boulder," said Kurt Firnhaber, the city's director of Housing and Human Services. Boulder's stated goal is for 15% of its housing stock to be permanently affordable by 2035.
Neither the release nor the city award notice gives a total development cost. BHP's project page lists JoAnna Mendoza, senior development project manager, as the contact, and pegs completion for the first quarter of 2028.
Why it matters for Contractors
For trades in Boulder County, this is 18 months of work on a single site with a GC already named. Small shops that want a piece of it, from framing and roofing to landscaping and the playground and garden work, should get in front of Deneuve Construction early. The all-electric design noted in the city's award points to heat pumps and electric water heating rather than gas runs, which is good news for HVAC and electrical subs who already work that way.
Tax-credit jobs also come with paperwork: lender and investor draw inspections, documentation requirements, and in some cases wage rules tied to the financing. Ask the GC up front what applies before you bid. And Harvest34 isn't the only BHP project in the pipeline. Penrose Place, at 113 units, got the largest share of the same city funding round, so a sub who performs well here is positioning for the next one.