Journey Home Breaks Ground in Cañon City, Colorado

On Thursday, July 20th, 2017, Cardinal Capital joined local, state, federal officials, investment and development partners to celebrate the groundbreaking of Journey Home, a 30-unit permanent supportive housing project in Cañon City, Colorado.

Combining housing with access to support services, the 3-story structure under construction at 250 Justice Center Road will connect formerly homeless adults and families with case management, mental health treatment and vocational training.

Journey Home is the result of a unique partnership between Loaves & Fishes Ministries of Fremont County and Cardinal Capital. Part of a statewide effort to strengthen the continuum of services available to Colorado's vulnerable homeless population, Journey Home's housing-first approach helps those in crisis address employment, health concerns, substance use, and other issues that may have been neglected in the day-to-day struggle to survive on the streets.

Financed with equity raised from Federal Low Income Housing Tax Credits awarded by Colorado Housing and Finance Authority, and 30 Project-based Housing Choice Vouchers provided by Colorado Department of Local Affairs' Division of Housing and administered by the Upper Arkansas Area Council of Governments, occupancy of all 30 units will be restricted to households with annual incomes of less than 50% of area median income. However, the income of the typical resident will be below the poverty line.

The development and construction of Journey Home is lead by Cardinal Capital and the project is expected to be complete in June 2018.

Read more about this project in the Canon City Daily Record

Milwaukee Journal Sentinel features The Germania Building's Redevelopment

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Construction has been underway in the historic Germania Building since last summer. Cardinal Capital, Vangard Group, LLC and Endeavor Corp. partnered to redevelop this historic downtown building. Germania has been a Milwaukee landmark since it opened in 1896. It has been on the Historic Preservation list since 1983. Its renovation has brought this historic gem back to life as a mixed income, mixed use building in the center of Milwaukee. There are 46 market rate apartments, and 44 tax credit apartments available in addition to vibrant, first floor commercial and office space.

The renovation of this historic gem has captured the attention of many including Tom Daykin at the Milwaukee Journal Sentinel. Daykin interviewed project partners and shares information on the project and its renovation in his June 2017 article Historic Germania Building brings market-rate, affordable apartments to downtown Milwaukee

2017 Salute Award Recipient

We are proud to announce that Cardinal Capital, in partnership with Whole Health Clinical Group and the City of West Allis are recipients of the 2017 Salute Public-Private Cooperation Award. The Salute Awards recognize innovative and outstanding performance by governments and school districts in the areas of innovative and data-driven management, intergovernmental cooperation, and private public cooperation.

The Public-Private Cooperation Award is awarded to a partnership between one or more public and private sector entities that worked in partnership to achieve a worthwhile public policy goal. Winners will be recognized at the 25th Annual Salute to Local Government in Milwaukee, Wisconsin on June 20, 2017. You can view a list of all winners here: http://www.publicpolicyforum.org/2017-salute-winners

Proposed Port Washington Development Plans Approved

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In March 2017 the plan commission approved the plans for a development located in Port Washington, Wisconsin. The proposed 69-unit market rate housing development will offer a mix of one and two bedrooms. What makes this development unique is that 12 to 14 of the units will provide amenities and residential support services for autistic persons. This project is a collaboration between Cardinal Capital and Milwaukee Center for Independence. For more information and to learn how you can support this project contact Benjamin Holt at bholt@cardinalcapital.us

Related Article: Port Approves Plans for Apartment Building

Zoning Committee Approves Clarke Square Apartments

On January 31, 2017, the Common Council’s Zoning, Neighborhoods and Development Committee approved the Clarke Square Apartments proposal by Cardinal Capital and Journey House, Inc.  The proposed Milwaukee southside development would feature two, three-story buildings, a combined 40 units to include housing for youth who have turned 18 and have “aged out” of the foster care system.

Read more details about the development in the following Journal Sentinel article: Zoning Committee Approves Foster Care Apartments