Denver City Council on Monday approved two bills that will provide $ 27,425,000 to fund two new affordable housing complexes in the city.

The first bill designated up to $ 15,425,000 to build The Rose on Colfax, an 82-unit complex for tenants earning 70% or less of the area’s median income. That’s an annual income of $ 51,352 or less for a person, according to city data.

The resort will be built at 8315 E. Colfax Ave., the former site of the last East Colfax PT’s All Nude II strip club, formerly known as Saturdays.

The strip club closed in 2017 after the city bought the property for $ 1.3 million in a bid to revive the neighborhood. The club was infamous for a murder in 2015 in which a client shot another for touching his shoulders.

The complex will be a five-story, 119,000 square foot building with 30 one-bedroom apartments, 28 two-bedroom apartments, 22 three-bedroom apartments and two four-bedroom apartments.

“I am so excited to move forward,” said Councilor Chris Herndon. “As we talk about supporting those who need it most, we need to have more of these sizes bigger. “

Of the 82 apartments, 16 will be reserved for tenants earning 30% or less of the neighborhood’s median income; five for 31% to 40%; 10 for 41% to 50%; 37 for 51% to 60%; and 14 for 61% to 70%.

The building will house an early childhood education center, providing care for newborns and preschoolers, city officials said. The resort will also offer on-site behavioral health services, financial literacy, job training, resume support, healthy food education, and after-school and youth programs.

The second bill provided for up to $ 9 million in tax-exempt bonds and up to $ 3 million in taxable bonds for the construction of Rhonda’s Place, an apartment complex intended to accommodate residents without -shelter.

Rhonda’s Place will be a 49-unit complex located at 211 S. Federal Blvd. Consisting of one-bedroom and one-bath units reserved for residents earning 30% or less of the region’s median income – just over $ 22,000 for one person, according to city data.

The monthly rent will be $ 1,238 for each apartment; However, residents will not pay more than 30% of their adjusted gross income for rent, with the rest covered by vouchers based on the project, city officials said.

Rhonda’s Place will provide residents with on-site addiction recovery services, case management, nurse practitioner visits, education programs, benefit assistance, psychiatric appointments and transportation to grocery stores and doctor visits.

Construction of the two complexes is expected to begin in October. City officials estimate that The Rose on Colfax will open in February 2023 and Rhonda’s Place will open in December 2022.