The Corporation for Supportive Housing (CHS) aims to advance housing solutions that improve the lives of the most vulnerable people, maximize public resources, and build strong, healthy communities across the country. They do this by educating and empowering housing industry players, lending to potential homebuyers, collaborating with developers to find innovative housing solutions, and advocating for policy reform.
With the help of CHS, Clare Terrace, a 33 unit supportive housing development, broke ground in Robbinsdale, Minnesota in January 2015. Clare Terrace is a new construction, 28,000 sq. foot residence tailored for persons living with HIV/AIDS who are also very low income, experiencing homelessness or at significant risk of homelessness. The 12 one-bedroom apartments and 21 efficiency units will be affordable at 30% of the area median income, and tenants will pay 30% of their income toward rent.
CSH has provided technical assistance to Clare Housing for the past 10 years, and recently supplied a $406,000 loan for pre-development and acquisition costs propelling the Clare Terrace project forward.
During the groundbreaking ceremony, George Stone, CSH Director in Minnesota, spoke about previous developments created by Clare Housing, such as Clare Apartments and Clare Midtown, totaling 77 units of supportive housing.
“Once again CSH has been fortunate enough to assist our friends at Clare with the development of this fantastic new opportunity,” said Stone. “An opportunity built on the same model of success as their previous projects, yet incorporating the lessons learned over the years to improve services and housing, and casting an even further and much needed geographic reach.”
