Thursday, December 22, 2011

$50,000 CHDO grant awarded to Renaissance Housing Dev. Corp.

The Department of Local Affairs has announced that $50,000.00 in HOME CHDO Operating (HMCO) funds has been awarded to Denver County for the following project:
Renaissance Housing Development Corporation has been awarded a CHDO Operating grant of $50,000 to assist with staff salaries for the pre-development work of the supportive housing that is to be built above the Stout Street Health Center located at 21st and Broadway in Denver. The due diligence to be performed shall include permitting, lining up sources of financing and partnerships, and re-applying for tax credits. The proposed project is anticipated to produce 78 units of affordable and supportive housing, including units to be set-aside for homeless persons.