On Thursday, October 6th, Cardinal Capital Management, Inc. (Cardinal Capital), Milwaukee County and Wisconsin Community Services (WCS) hosted a ribbon cutting ceremony at the grand opening of Thurgood Marshall Apartments.
Thurgood Marshall Apartments located at 1918 North 6th Street in Milwaukee, Wisconsin, provides 24 one-bedroom units of permanent, supportive housing for low-income adults who are chronically homeless and suffer from chronic alcoholism. WCS provides on-site supportive services seven days per week, 24 hours per day.
Thurgood Marshall Apartments is Wisconsin's first New Harm Reduction housing development and a part of Milwaukee County's initiative, launched in the summer of 2015, to end chronic homelessness, a Housing First approach to homelessness. Housing First is based on the idea that a homeless individual or household's first and primary need is to obtain stable, permanent housing, only then can they find stability and begin rebuilding their life.
"Milwaukee County, City of Milwaukee, WHEDA, PNC, First Business Bank, Wisconsin Community Services, and Halyard Park Neighborhood Association came together to make Thurgood Marshall Apartments a reality," says Erich Schwenker, President of Cardinal Capital. "This building will serve as a path from addiction to recovery and offer individuals in need a home, as well as a chance to get their life back. It is an important step towards ending chronic homelessness in Milwaukee. Cardinal Capital was grateful to work with such wonderful partners."
A Milwaukee County Innovation Grant in the amount of $500,000, a City of Milwaukee Housing Trust Fund award in the amount of $385,000 and $300,000 from the Milwaukee County Housing Division for services were leveraged along with $2.75 million in low-income housing tax credits awarded by WHEDA and purchased by PNC Bank, and a $1.2 million construction loan with First Business Bank to create this innovative and important way to show that Housing First works in Milwaukee.
Other partners in this effort include the Halyard Park Neighborhood Association, Milwaukee 6th District Alderwoman Milele Coggs, Milwaukee County Supervisor Willie Johnson, Housing and Urban Development, the Milwaukee County Housing Division, the Milwaukee County Behavioral Health Division and many others.
Click on the following link to view photos from the grand opening:
Click on the following articles to read more about Thurgood Marshall Apartments: