Denver’s Department of Housing Stability (HOST) along with City Council president Jamie Torres recently held a grand opening for Rhonda's Place, a city-supported affordable housing development comprised of 49 supportive housing units. The one-bedroom apartments, with support services from WellPower, seek to transition homeless individuals back into long-term housing.
The $17.3 million project was developed by the nonprofit REDI Corp., and financing came from Denver’s Homelessness Resolution Fund, the Colorado Housing & Finance Authority, and the Colorado Division of Housing, The Denver Gazette reports.
“We know from experience that housing plus supportive services makes a transformational difference for our unhoused neighbors,” Mayor Michael B. Hancock said in the release. “Rhonda’s Place is a great addition to Denver’s inventory of supportive housing, and it will help transition many individuals from homelessness back into housing for decades to come.”
Advertisement
Related Stories
Demographics
Gen Z Ranks Housing Affordability as Biggest Concern Ahead of 2024 Presidential Election
While the issue is most important to young voters, 80% of Americans rank housing affordability as a top priority when considering who will have their vote
Affordability
Cinnaire Closes $175M Equity Fund to Create or Preserve More Than 1,200 Affordable Homes in the Midwest
To date, the nonprofit organization has closed more than $5 billion in tax credits for affordable housing in 10 states
Financing
10 States Where Shopping Around for a Mortgage Really Pays Off
In California, homebuyers could see savings of more than $130,000 over the lifetime of their loans
