Kindhearted Investors Buy Old Hotel Worth R130 Million, Convert it into 139 Mini Apartments for the Homeless

Kindhearted Investors Buy Old Hotel Worth R130 Million, Convert it into 139 Mini Apartments for the Homeless

  • The Colorado Coalition for the Homeless (CCH) in 2020 bought an $8.4 million (R130 million) old hotel and turned it into 139 mini-apartments for the homeless
  • CCH, a non-profit organisation, is headed by John Parvensky who grabbed the opportunity after learning that the old hotel was for sale
  • After the hotel was renovated, it was renamed Fusion Studios, and occupants only pay 30% of their income or disability benefits every month

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Kindhearted investors in Colorado bought an old hotel in the state and turned it into 139 mini-apartments for the homeless in 2020.

The Colorado Coalition for the Homeless (CCH), a non-profit organisation in Denver, purchased the hotel for the sum of $8.4 million (R130m), according to Black Business.

Colorado Coalition for the Homeless investors
The investors bought an old hotel and turned it into 139 mini-apartments for the homeless. Photo credit: Black Business
Source: UGC

Collective efforts to take people off the streets

The investors' aim was to help alleviate homelessness in Denver. The organisation has been working to provide housing support to homeless people in the US since 1985.

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John Parvensky, the president of CCH, learnt that the hotel was for sale and he grabbed the opportunity to turn it into a homeless shelter.

The organisation was able to purchase the hotel by using funds from the city, state, and private organisations.

After renovation, the property was renamed Fusion Studios. People who stay there only pay 30% of their income or disability benefits every month.

Social media reacts

Reacting to the kindheartedness, an Instagram user with the handle @giftbasketchica_az said:

"Angels on earth."

@teapatch wrote:

"That's the way to do it!! Thank you!"

@edward.gonzales.5686 said:

"I wonder if our taxes are paying for this..homeless problem is big money.. Crony capitalism."

@drewski_thenics wrote:

"Now that's what I'm talking about."

@sanfordlynette commented:

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Aunt builds nephew adorable house

In the Meru culture, a boy is not supposed to share a house with his parents after the initiation stage, especially if the house is small.

So, when Rosemary Murithi's nephew Brian Mutugi lost his mother in 2005 at a tender age, a big chunk of his dreams wafted away into thin air.

Things got worse when he got into high school and became a laughing stock of fellow students because he had nowhere to invite them for group discussion when it was his turn.

Murithi stepped in and built a house for her nephew.

Source: Briefly News

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