On July 30, 2015, Cardinal Capital joined its partner HomewardBound of the Grand Valley and others to celebrate the groundbreaking of Pathways Village, a 40-unit permanent supportive housing project in Grand Junction, Colorado.
Combining housing with access to support services, the 3-story structure under construction at 564 29 Road will connect formerly homeless adults and families with case management, mental health treatment, and vocational training.
The result of a unique partnership between HomewardBound of the Grand Valley, Inc, Cardinal Capital Management, Inc. and Hilltop Community Services, Pathways Village is part of a two-phase development to include a Family Center offering temporary shelter, counseling space for community partners, a commercial kitchen, and child care space.
Part of a statewide effort to strengthen the continuum of services available to Colorado’s vulnerable homeless population, Pathways Village’s housing-first approach helps those in crisis address employment, health concerns, substance use, and other issues that may have been neglected in the day-to-day struggle to survive on the streets.
Pathways Village is the first permanent supportive housing project to break ground following participation in the new Pathways Home Supportive Housing Toolkit created by the State of Colorado in partnership with LeBeau Development, and Colorado Housing and Finance Authority (CHFA).
Grand Junction has identified homelessness as a significant issue that needs to be addressed, as documented by the 2013 City of Grand Junction CDBG Action Plan and the 2011-2016 City of Grand Junction Consolidated Plan.
Financed with equity raised from federal Low Income Housing Tax Credits awarded by CHFA, support from the Colorado Department of Local Affairs’ Division of Housing, and 40 Section 8 rental subsidy vouchers provided by the Grand Junction Housing Authority, residents will pay 30 percent of their income for rent.
The construction of Pathways Village, led by Shaw Construction, is estimated to generate $11 million in economic impact and support 53 jobs. The project is expected to be completed in the spring of 2016.