The deal has not yet closed, but the housing authority believes the 194 units will make significant headway toward Mike Johnston’s goal of housing 1,000 unsheltered people by the end of the year.
Denver’s Housing Authority hopes a 194-unit hotel in Central Park will become the city’s next permanent homeless shelter.
The DHA has approved the purchase of the Best Western hotel at 4595 Quebec Street for $26 million, with plans to convert it into what it calls “supportive housing.” The deal has not yet closed, but the housing authority – which is appointed by the mayor – believes the 194 units will make significant headway toward Mike Johnston’s goal of housing 1,000 unsheltered people by the end of the calendar year. Denver
Denver residents express urgency at mayor's first town hall on homelessness Jessica Porter 10:06 PM, Jul 25, 2023 According to a news release Friday morning, the purchase will be made with $11 million from bond funds and $16 million more from a bridge loan – a term for short-term financing used until permanent funds can be secured – from the Denver bank Northern Trust.
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