That's far more than the CCH can house in the current properties in its portfolio, including close to 1,700 units that the CCH owns outright. According to the 2022 Point in Time count, there were 4,798 people experiencing homelessness in the City of Denver on a given night in January. And for those struggling to make ends meet or desperately searching for an affordable place to live, the help these projects will provide can’t come soon enough."Īnd it also doesn't begin to cover the number of people who need housing in Denver. "Every one of these projects has the potential to provide a much-needed lifeline to someone in need. "No family should have to worry whether they’ll be able to put food on their table or a roof over their heads at night," DeGette says in reference to the proposed funding for the Clarion Hotel purchase and other projects that would help lower-income individuals. And even then, the $4 million would have to be included in a final spending package approved by both the House and the Senate before the CCH can count on the funding for the project. DeGette had originally sought to get $5 million for the potential purchase, but a House committee reduced that to $4 million. The CCH is waiting on $4 million that Congresswoman Diana DeGette, a Democrat who represents Denver, was able to earmark for the project in a spending bill approved by the U.S. "We are still in negotiations, and it's likely that closing won’t happen until October at this point," notes Cathy Alderman, chief communications and public policy officer for the Colorado Coalition for the Homeless. "Obviously, it only happens if the funding comes through." If it acquires the property, the Coalition plans to turn it into permanent supportive housing. With a potential windfall of $4 million from another federal government spending package, the CCH has been seriously considering another addition to its portfolio: the 180-room Clarion Hotel, at 200 West 48th Avenue. As the emergency winds down, we hope to convert the site into desperately needed affordable and supportive housing over the next few years to serve our unhoused community," Parvensky says. “We know that these recovery spaces are an ongoing need through this pandemic and for future health-care needs. The CCH's long-term vision includes redeveloping the site and constructing 200 units of supportive housing. The $5 million will also ensure that the hotel either remains a shelter or turns into housing for the next sixty years. “Motel and hotel sites have been a lifeline for people experiencing homelessness in Denver to recover from COVID and to stay in safe, protected spaces,” says John Parvensky, president and CEO of the Colorado Coalition for the Homeless. The hotel, which the Coalition purchased back in December 2021, has provided 103 rooms for people who test positive for COVID and also those who are particularly vulnerable to the illness the $5 million, which is American Rescue Plan Act money, will help the Coalition pay off some of the financing that the organization used to purchase the motel. On September 26, Denver City Council approved sending $5 million to the Colorado Coalition for the Homeless to fund the continued sheltering of homeless individuals at that La Quinta. That portfolio includes the newly acquired La Quinta Inn at 3500 Park Avenue West. Today it has a yearly operating budget of over $100 million, 750 employees and a real estate portfolio with a book value of approximately $200 million. The Colorado Coalition for the Homeless has become a major property owner since it started in the mid-1980s with an annual budget of $100,000.
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