Stout Street Recuperative Care Center (2020)

Denver, CO

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NMTC Amount: $18,750,000

Est. Total Project Cost: $20,008,750

Construction of a new 35,700 SF medical respite/recuperative care center that will use cutting-edge approaches to serve the chronically homeless. It will have 50-beds for homeless patients with acute medical needs exiting hospitals, along with 25 “step-down” beds for care that is less medically intensive, allowing patients to recuperate while being connected with housing and other supportive services. It will serve 500 patients annually, and is anticipated to reduce hospital readmissions within 90 days by 50%, and provide care at one-tenth of the cost of care in a typical hospital setting. The SSRCC is co-located in the same building with 98 units of supportive housing financed separately with 9% LIHTC and 4% LIHTC Private Activity Bonds serving those experiencing chronic homelessness (the “Renaissance Legacy Lofts”). This new building is located next to CCH’s existing Stout Street Community Health Center, creating a service campus focused on providing needed primary, behavioral health, and recuperative healthcare along with supportive housing to stabilize and improve health outcomes for patients most in need. The NMTC Project will create 47 new construction jobs and approximately 31 new permanent jobs.

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