Clara Brown Commons
Weave is assisting Mile High Ministries (“MHM”) with the structuring and closing of up to $2.2 million in impact investment for the pre-development and construction of the project. Once the project is under construction, up to $6 million in long term permanent impact investment will be sought to free up cash flow to support onsite services.
Impact Investment Consulting
Clara Brown Commons (“CBC”) is a community focused affordable housing community on a former long term blighted block in the Cole neighborhood in Denver. The site is currently hosting a tiny home village for women transitioning from homelessness. Mile High Ministries currently operates a transitional housing shelter for families. The affordable rental and for-sale housing at CBC will be targeted next steps for former clients of MHM’s existing programs.
61 one to three bedroom rental units, affordable to 30% to 60% of AMI
18 Affordable for-sale townhomes (average 80% of AMI)
Early Childhood Education Center
Impact investments will facilitate the pre-development and construction of the project. Permanent impact investment funding will free up cash flow for additional residential services.
$1.275 million in program related investments to date