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Denver using $8.6M loan to build apartments for chronically homeless people

Denver using $8.6M loan to build apartments for chronically homeless people

 
 

Denver using $8.6M loan to build apartments for chronically homeless people

by Liz Gelari, 1/27/16

Denver city officials say 250 chronically homeless people are costing taxpayers about $7 million per year. Some of those longtime homeless people will begin moving into apartments this week.

"And that costs the taxpayers a lot of money," said Cary Kennedy, Denver's CFO and Deputy Mayor.

 

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