John Parvensky Stout Street Recuperative Care Center and Renaissance Legacy Lofts is a $46.5 million nine-story building that provides homeless individuals with multiple services and opens 98 affordable one-bedroom and studio apartments for those transitioning to more permanent housing.  The center includes 75 medical respite beds, which will target homeless people with acute medical conditions. The project received funding from multiple sources: direct funding from the city and county of Denver and the Colorado Division of Housing. The Recuperative Care Center utilizes New Markets Tax Credits (NMTCs) provided by the Corporation for Supportive Housing and Colorado Growth and Revitalization Fund. The Northern Trust Co. is the NMTC tax credit investor. Several foundations and private donors also contributed generously to the center. The housing is financed through dual 9% and 4% and private-activity bond allocations from the Colorado Housing and Finance Authority. The LIHTC investor is Enterprise Housing Credit Investments. FirstBank provided construction and permanent loans. The Federal Home Loan Bank of Topeka, in collaboration with First Bank, provided funding through its Affordable Housing Program. ​

Location: Denver, Colorado
Developers: The Colorado Coalition for the Homeless and Renaissance Housing Development Corporation