Gardner Capital Development Awarded Colorado Low Income Housing Tax Credits for Affordable Housing Targeted to Homeless Youth
Boulder, CO – The Colorado Housing and Finance Authority has awarded a reservation of 9 percent low-income housing tax credits to Gardner Capital Development for the creation of a 40-unit affordable housing community targeted to transition-age youth (age 18-24 years at time of entry) who are experiencing homelessness, aging out of foster care, and are victims of trauma, abuse, family conflict, and neglect. The project is the first of its kind awarded tax credits in Colorado and the first serving homeless youth in Boulder.
The Attention Homes project was developed through the Pathways Home Colorado Supportive Housing Toolkit, a capacity building program created by the State of Colorado and CHFA in partnership with LeBeau Development in 2014 to increase development of high-quality supportive housing projects.
“By providing young adults experiencing homelessness with affordable housing and access to wrap-around services, Attention Homes is reducing the use of costly emergency interventions, meeting a critical need, and helping to make homelessness history,” said Gov. John Hickenlooper. “This project represents the best of what can be accomplished when a community comes together to implement a thoughtful, outcome-driven solution to one of our most arduous social issues.”
The project, which will be located at 1440 Pine Street in downtown Boulder, is aligned with the U.S. Interagency Council on Homelessness’ goal to end youth homelessness by 2020, and the Boulder County 10-Year Plan To End Homelessness. For homeless young people with complex challenges and needs, non-time-limited supportive housing has been identified as a critical component of a community’s ability to serve their most vulnerable. In addition to rental apartments, residents will receive trauma-informed, client-centered supportive services, job and life-skills training, as well as employment and educational opportunities on-site.
Currently a surface parking lot, the site is owned by the First United Methodist Church of Boulder, a longstanding partner and original founder of Attention Homes. The church is donating the land for the development. The site is ideally located near multiple transportation options, employment and educational opportunities, and the numerous cultural and recreational resources and amenities of downtown Boulder.
“The Attention Homes project represents our commitment to create transformational outcomes through housing,” said Michael Gardner, principal and CEO, Gardner Capital Development. “This development not only helps provide critical housing needs to Boulder’s most vulnerable citizens, but will also provide long-term support and services to break the cycle of chronic adult homelessness and achieve self-sufficiency in their lives.”
Construction will begin in the winter of 2017-18, with completion and occupancy set for 2019. All eligible residents must income-qualify at 60 percent or below the area median income for Boulder County (approximately $39,840 for a one-person household).
Editor’s Note: See below for the project team
Deneuve Construction Services
Rendering of Attention Homes development courtesy of Garnder Capital Development