Social Impact Bond

Colorado Coalition for the Homeless Supports Denver's Social Impact Bond Program

Colorado Coalition for the Homeless partners with the City and County of Denver on the Social Impact Bond program, providing permanent supportive housing to 250 chronically homeless individuals. 

DENVER, January 26, 2016 – The Colorado Coalition for the Homeless applauds the efforts of the City and County of Denver on the Social Impact Bond program and appreciates the opportunity to collaborate with the City, as well as program investors and partner agencies to ensure access to permanent supportive housing and health care for Denver’s chronically homeless. The Coalition will provide 165 apartment homes to the program through its newly constructed Renaissance at North Colorado Station property, its Renaissance Downtown Lofts property, still under development, and scattered-site apartments throughout Denver. This combined effort to provide permanent supportive housing will save the city an average of $29,000 per resident in emergency-related costs, transform the lives of 250 of Denver’s most vulnerable citizens, and improve the quality of life in the downtown neighborhood by reducing the number of individuals who call the streets their home. 



“The Coalition is committed to proven solutions to homelessness, providing affordable housing and health care to improve the lives of those we serve. We are excited to be a part of this creative and innovative new approach to bring permanent supportive housing to those who need it most. It is programs like these that help us build strong, caring communities,” says John Parvensky, President of the Colorado Coalition for the Homeless.



The Social Impact Bond initiative is an important next step in addressing the growing homeless crisis in Denver. The Coalition looks forward to working with City leaders to respond to the needs of homeless families and children through similar initiatives.

 

The mission of the Colorado Coalition for the Homeless is to work collaboratively toward the prevention of homelessness and the creation of lasting solutions for homeless and at-risk families, children, and individuals throughout Colorado. The Coalition advocates for and provides a continuum of housing and a variety of services to improve the health, well-being and stability of those it serves. Since its founding more than 30 years ago, the organization has earned state and national recognition for its integrated healthcare, housing and service programs. The Coalition’s comprehensive approach addresses the causes of homelessness, as well as the consequences, offering critical assistance to over 15,000 individuals and families each year. Learn more at www.coloradocoalition.org.





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