LOCAL NEWS CVS INVESTS $19.2 MILLION TO BUILD 85 AFFORDABLE HOMES IN ARVADA BY ROBERT DAVIS CVS HEALTH INVESTED $19.2 MILLION through Boston Financial to help developers complete a new 85-unit supportive housing project in Arvada known as the Marshall Street Landing. The new development is scheduled to be completed in the summer of 2025, according to a press release. Each unit will be fully furnished and include amenities like a cooking range, refrigerator, air conditioning, and luxury vinyl floors. The complex will also feature a community kitchen, commercial laundry rooms, and on-site management. RENDERING OF MARSHALL STREET LANDING. CREDIT: SHOPWORKS ARCHITECTURE The development is being built by a partnership between Family Tree, a homeless service provider, and BlueLine Development, a real estate investment firm based in Missoula, Montana. Marshall Street Landing will also include services for people exiting homelessness. For instance, the Jefferson Center for Mental Health will provide mental health and substance abuse counseling. Family Tree will also provide trauma-informed case management, advocacy, crisis assistance, and life-skills educational training. “Marshall Street Landing is a testament to what we can achieve when we come together with a shared vision of compassion and inclusivity,” Dontae Latson, CEO of Family Tree, said in a press release. “Permanent supportive housing is not merely a place to live; it is a foundation for life. It offers individuals and families who have faced homelessness or disabling conditions not just shelter, but a community and a sense of belonging.” CVS Health made the $19.2 million investment through Boston Financial, an investment firm that specializes in investing in Low-Income Housing Tax Credit properties. This isn’t the first time that CVS Health has invested in a subsidized housing development in Colorado. To date, the company has spent more than $43 million to create more than 2,100 housing units in the state. Across the country, CVS Health has helped create more than 22,600 affordable rental units, including 14,300 units for families and another 5,800 for senior citizens. ■ HOW TO HELP The money we take in from vendors helps us cover a portion of our printing costs, but we depend largely on donations from individuals, businesses, and foundations to help us pay our rent and keep the lights on. 1 4 GET THE WORD OUT We rely on grassroots marketing to get the word out about what we do. Talk to people about our organization and share us with your network. Support us on DONATE Donations to the Denver VOICE are tax-deductible. Go to denvervoice.org to give a one-time or recurring donation. You can also mail a check to: Denver VOICE | P.O. Box 1931 | Denver, CO 80201 3 VOLUNTEER We need volunteers to help with everything from newspaper distribution to event planning and management. Contact program@denvervoice.org for volunteering information. 5 SUBSCRIBE If you are unable to regularly purchase a newspaper from our vendors, please consider a subscription. We ask subscribers to support our program with a 12-month pledge to give $10 a month, or a one-time donation of $120. Subscriptions help us cover our costs AND provide an amazing opportunity to those who need it most. Go to denvervoice.org/subscriptions for more information. @denverVOICE 2 ADVERTISE Our readership is loyal, well-educated, and socially concerned. Readers view purchasing the paper as a way to immediately help a person who is poor or homeless while supporting long-term solutions to end poverty. If you are interested in placing an ad or sponsoring a section of the paper, please contact us about rates at ads@denvervoice.org. June 2024 DENVER VOICE 3
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