November 16, 2022
(Denver, Colo.) A Denver City Council committee approved Wednesday $4.26 million in assistance to a developer wanting to build supportive housing for homeless youth.
The full City Council must also sign off on the assistance.
A $3 million forgivable loan to Pennrose Holdings, LLC would help secure construction of the building at 2700 Wewatta, according to memo from the Department of Housing Stability, or HOST, to the Safety, Education, Housing and Homelessness Committee of the City Council. Fifty-six units of supportive housing would serve youths ages 18 to 24 who are at risk of homelessness, particularly by aging out of foster care….
Read full article: https://original.newsbreak.com/@david-heitz-561257/2820214184671-denver-may-spend-4-26-million-to-house-56-homeless-youth
