Officials celebrated the opening of Guadalupe Apartments, the first large-scale permanent supportive housing development in Weld County, Colo.
Located in the community of Greeley, the 47-unit property will provide formerly homeless households with stable housing and critical services. The development features new studio, one-, and two-bedroom units.
“Guadalupe Apartments is like a home with a coach,” says Justin Raddatz, executive director of Archdiocesan Housing, the project developer. “Not only does each resident receive a beautiful, furnished apartment to call home but also has on-site access to an array of supportive services to help them overcome any challenge they are facing toward achieving their life’s goals.”
Supportive housing combines permanent housing with supportive services, including case management, mental health assessments and referrals, and employment resources intended to help residents rebuild their lives.
It took an entire community to bring the project together, according to Raddatz.
The $13.5 million development was financed with federal and state low-income housing tax credits (LIHTCs) awarded by Colorado Housing and Finance Authority. The federal LIHTCs generated more than $6 million in equity, and the state credits generated $2.5 million in equity from investor U.S. Bancorp Community Development Corp., which also provided nearly $69,000 in solar tax credit equity.
Other partners include the city of Greeley and North Range Behavioral Health.
Archdiocesan Housing, an affiliate of Catholic Charities of the Archdiocese of Denver, manages 29 affordable housing properties that offer 1,719 rental units, serving more than 3,100 residents.