Mayor Mike Johnston on Tuesday reassured taxpayers the city has enough money in its pockets to address the homelessness crisis without cutting into critical city services.
DENVER – Addressing funding concerns to provide shelter for 1,000 unhoused Denverites by the end of the year,
Out of its $250 million budget for 2023, HOST will allocate $37 million in funds for the emergency response. Of those, $16.1 million will come from American Rescue Plan Act funds to cover the cost of purchasing the 194-unit Best Western Central Park hotel. Mayor Johnston addresses funding to house 1,000 homeless by end of 2023 An additional $3.1 million will remain form the purchase of the Best Western hotel, which will be “just a little bit protection for us in case there are any overruns and costs,” Johnston said during the news conference Tuesday, with another $2.2 million going toward improvements at the 48th Avenue Shelter, which officials said came in under budget.
Another $18.9 million will go toward purchasing and operating the Best Western hotel with an additional $5.4 million being spent on leases and operations at future hotels purchased by the city to house residents.Johnston announces list of sites for micro-communites under homelessness plan Jeff Anastasio 12:07 PM, Aug 24, 2023 About $4 million will go toward reducing the time it takes for unhoused Denverites to get into leased units.
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