DENVER — Mayor Michael Hancock (D-Denver) will lead the groundbreaking for 72 new affordable apartments for people who are experiencing homelessness Wednesday afternoon.
Valor on the Fax will offer apartments with one, two, and three bedrooms to individuals facing housing insecurity due to an acquired brain injury or related disability.
The apartments, located at 7900 E. Colfax Ave., will be income restricted to households earning up to 30% of the area median income (up to $22,050).
>Video above: Why Denver hotel rooms intended to fight homelessness sit empty.
The project was made possible through past land acquisition by the city, and through $2.4 million in financing from Denver's Department of Housing Stability.
The property was developed Brothers Redevelopment in partnership with the Brain Injury Alliance of Colorado.
According to the Brain Injury Alliance, 50% of all people experiencing homeless suffer from a traumatic brain injury.
> Top stories from 9NEWS curated daily just for you! Sign up for the 9NEWSLETTER right now to get can’t-miss stories, Next and Broncos content, weather and more delivered right to your inbox.
SUGGESTED VIDEOS: Latest from 9NEWS
MORE WAYS TO GET 9NEWS
Subscribe to our daily 9NEWSLETTER for top stories from 9NEWS curated daily just for you. Get content and information right now for can’t-miss stories, Next and Broncos content, weather and more delivered right to your inbox.
HOW TO ADD THE 9NEWS APP TO YOUR STREAMING DEVICE
ROKU: add the channel from the ROKU store or by searching for KUSA.
For both Apple TV and Fire TV, search for "9NEWS" to find the free app to add to your account. Another option for Fire TV is to have the app delivered directly to your Fire TV through Amazon.