Post by Logan on Feb 18, 2016 0:36:13 GMT -6
Denver homeless housing group opens new apartments near East Line station
The first participants in Denver's new program to house the chronically homeless this week are moving into a newly opened Colorado Coalition for the Homeless apartment building.
The nonprofit group, which is one of the city's partners in the program, celebrated the opening of the Renaissance at North Colorado Station on Tuesday. It has 103 units near a new East Line commuter rail station for low-income families and people who were formerly homeless.
Most residents won't be part of the city's program, but the goal is for about 25 to be participants. A coalition spokeswoman said nine in that group could move in by the end of this week, and the coalition was working with the others.
Called a social impact bond or pay-for-success program, the city's initiative will be funded by $8.6 million provided over five years by lenders that include a bank as well as local and national philanthropic foundations.
Read more: www.denverpost.com/news/ci_29529620/denver-homeless-housing-group-opens-new-apartments-near-east-line-station
The first participants in Denver's new program to house the chronically homeless this week are moving into a newly opened Colorado Coalition for the Homeless apartment building.
The nonprofit group, which is one of the city's partners in the program, celebrated the opening of the Renaissance at North Colorado Station on Tuesday. It has 103 units near a new East Line commuter rail station for low-income families and people who were formerly homeless.
Most residents won't be part of the city's program, but the goal is for about 25 to be participants. A coalition spokeswoman said nine in that group could move in by the end of this week, and the coalition was working with the others.
Called a social impact bond or pay-for-success program, the city's initiative will be funded by $8.6 million provided over five years by lenders that include a bank as well as local and national philanthropic foundations.
Read more: www.denverpost.com/news/ci_29529620/denver-homeless-housing-group-opens-new-apartments-near-east-line-station