Officials have broken ground on the Guadalupe Apartments, a 47-unit permanent supportive housing development in Greeley, Colo.

Archdiocesan Housing, a subsidiary of Catholic Charities of Denver, is building the $10 million project adjacent to the Guadalupe Community Center and Shelter, a 60-bed homeless shelter.

The new community will be home to those transitioning out of homelessness, families impacted by the 2013 Colorado floods, and other low-income households. Officials estimate there are 1,000 individuals and families in the area that meet the income requirements to qualify for the development’s 18 studio, 19 one-bedroom, and 10 two-bedroom apartments.

The Colorado Housing and Finance Authority (CHFA) awarded $500,584 in federal low-income housing tax credits (LIHTCs) and $601,586 in state LIHTCs to support the development. Other partners include the city of Greeley, North Range Behavioral Health, Sunrise Community Health, High Plains Library District, and U.S. Bank.

“Congratulations to Catholic Charities for bringing this vital housing development to the community of Greeley,” said Cris White, executive director and CEO of CHFA, in a statement. “CHFA is committed to helping Coloradans end the cycle of homelessness. Last year, with the help of Colorado’s new state LIHTC program and the Governor’s Permanent Supportive Housing Toolkit, CHFA was able to support the development of 282 new rental units for homeless households, which was the most supported by CHFA in any single year of our history.”

Leasing is expected to begin in early 2017.