Permanent homeless housing project to break ground
DENVER — Saint John’s Cathedral and the Saint Francis Center will celebrate the groundbreaking of the Saint Francis Apartments at Cathedral Square on Sunday.
This will become a permanent homeless housing project on Washington Street in the Capitol Hill neighborhood. The event is open to the public and will immediately follow the 10 a.m. service with a procession to the site across from the Cathedral.
“The Saint Francis Apartments at Cathedral Square is a joint project between the Cathedral and the Saint Francis Center, a nonprofit supporting the homeless of Denver since 1983. The building will have 50 one-bedroom units, that will be approximately 500 square feet each,” Saint John’s Cathedral said in a news release.
“This is a public/private partnership program in which tax credits are utilized to develop diverse communities by incentivizing the development of affordable housing stock. Private investors pay equity into the project in return for the use of the tax credits over a ten year period, bringing private investment from national sources into the local community.”
Additional funding will come from a Housing Development Grant and from the Office of Economic Development in Denver.
The manager of the project will get subsidies from government housing vouchers. The hope is the use of vouchers will eliminate the stress of tenants paying rent, freeing them to “focus on [their] survival.”AlertMe