“We are hopeful that the procurement will result in a path forward for delivering supportive housing at the site,” Derek Woodbury, a spokesperson for the city's Department of Housing Stability, told the local Fox station.
Denver hotel that sold for $9m months ago is now on the market for just $10 A covenant requires the buyer to use the building for income-restricted housing for 99 years.
The city has made sure that whoever takes over the building will actually use it for the purpose of providing housing to individuals facing financial difficulty.
Last year, Baltimore announced it had acquired a pair of hotels with the intent of converting them into supportive housing and for emergency shelters.
“The acquisition of these hotels is a critical expansion of our ability to address the needs of our most vulnerable residents,” Mayor Brandon Scott said at the time.
