Renascent Place is a Permanent Supportive Housing Development for individuals with disabilities who have also experienced long or multiple episodes of homelessness. The development consists of 160 affordable studio apartments and 2 manager’s units in a four story elevator building. There will be surface parking and bicycle storage for residents. Site amenities include a community room with kitchen, staff and service provider offices, laundry facilities, outdoor terrace and patio, and a bicycle repair shop. Intensive case management services will be provided to all residents in a ratio of one case manager for every twenty clients to help chronically homeless individuals retain permanent housing and attain each individual’s highest potential.
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Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Renascent Place is managed by The John Stewart Company.