The tenents will have to pay 30% of their incomes as rent.
America is facing a massive crisis with the burgeoning homeless population and their numbers have been increasing consistently. Recent reports revealed that there are more than 560,000 homeless people in America and it is becoming increasingly difficult to provide sustenance for them. One non-profit institution, however, has been working consistently to change the situation.
According to a report by The Mind Unleashed, the non-profit organization Colorado Coalition for the Homeless (CCH) bought a hotel, Quality Inn and Suites, in Denver, Colorado, that was up for sale and has converted it into micro-apartments for homeless people.
John Parvensky, head of the organization, has worked on similar projects for over 30 years now and this was his 17th project. The organization bought the hotel for $8.4 million using private, state and city funds, refurbished it and opened it for homeless people.
Fusion Studios, the name of the project, has 139 micro-apartments that would be open for homeless people who can rent these apartments at minimal prices. The tenants would be charged a maximum of 30% of their income as John understands that most of them would not be able to afford any place with rent over $100 per month. It is being hailed as a great initiative and would indeed provide a much-needed boost in the efforts of reducing homelessness in the city.