CSH Board and Leadership Tour NMTC-Funded Projects Supporting Denver’s Communities
The CSH Board of Directors and Senior Leadership team were in Denver last month for a meeting focused on CSH’s New Market Tax Credit (NMTC) investments. CSH has a history of investing NMTCs in health care facilities and federally qualified health centers. CSH has made three NMTC investments in the Denver area, and during their visit, the CSH team had the opportunity to tour two of the properties.
The first was a tour was of Colorado Coalition for the Homeless’ (CCH) John Parvensky Stout Street Recuperative Care Facility and Renaissance Legacy Lofts. CSH invested NMTCs in the Recuperative Care Facility which provides safe and quality spaces for people experiencing homelessness while in medical care. The center features 70 medical respite beds targeted for people with acute medical conditions. Above the recuperative care site is a 98-unit supportive housing development which houses frequent users of emergency rooms and hospitals, many of whom participate in the seven-year Denver Housing to Health/SIPPRA initiative, managed by CSH. After the tour, the CCH Senior Leadership team joined the CSH team for lunch and discussed the benefits of the NMTC program and challenges faced by supportive housing providers in Denver.
The group also traveled to Denver Health and Hospital Authority (Denver Health) to tour their Outpatient Medical Center, a CSH NMTC investment; and 655 Broadway, a senior affordable housing project owned and operated by the Denver Housing Authority. This unique partnership between Denver Housing Authority and Denver Health reserves 15 units at 655 Broadway to help patients experiencing homelessness transition out of hospital care. Tours were hosted by members of Denver Health’s Housing Outreach, Partnership and Engagement (HOPE) team.
CSH is thankful to CCH and Denver Health for their commitment to serving our community and for their ongoing partnership!
