“For the purpose of this budget, staffing for both Charity’s House and the Mental Health Center of Denver have been included. A 15-year budget has been developed, taking into consideration sources that are guaranteed (cash flow and developer’s fee/PSH 5% boost) but knowing that reimbursable costs to Medicaid will fluctuate based on clients’ engagement and the level of need with the Mental Health Center of Denver. A case manager who is part of a high-intensity ACT (Assertive Community Treatment) team will “cost” more than a case manager who works with a resident with less severe needs. After the project opens, it is expected that we will determine that additional staff could be brought into the project to provide a higher level of care to the residents. Given the amounts that we have forecasted as confirmed sources, the staffing above (5.75 FTE) is reflected of these amounts. However, we would like to add at least one more, if not 1.0 FTE to support the needs of these residents and pay our Housing Specialist, Case Manager and Peer Specialists more money than what is currently budgeted. This is a “skinny” budget that would be adjusted, should more confirmed sources of funding become available to the project.
Based on the recent increase to Denver’s affordable housing fund (from $15 million annually to $30 million annually, with 30-40% of the dollars going to support projects serving households at 30% AMI and below), CHM will be submitting an application to the Office of Economic Development as soon as an RFA is released to ask for dollars to support services at our PSH, for the first 10 years of the project. It is anticipated that while this is still a “pending” source, that some dollars from OED will go to support this project. We have put the developer’s fee into the last 10 years of the budget but will adjust if money from OED does not materialize.”
read the Service Plan PDF
Sanchez, Oriana. Blueline Development, Inc. 2019.
Toney, JoAnn. Mental Health Center of Denver.
Freedom of Information Act to Colorado Housing and Finance Authority June 2020.