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Perpetual Housing Fund update: 515 Tower fully occupied; PHF outlines expansion and tenant-wealth goals
Summary
Give (PHF partner) reported 515 Tower’s 96 units are 100% occupied, highlighted resident services and partners, and outlined ambitions to deliver 1,000 tenant-wealth units over 20 years using the CRA’s $10 million ARPA investment and additional development plans.
City staff and Give representatives briefed the CRA board on Feb. 10 about progress under the Perpetual Housing Fund (PHF) tenant-wealth partnership, an initiative seeded with $10 million in American Rescue Plan Act funds approved by the board in August 2023.
Chris Parker, speaking for Give, said the funded 515 Tower’s 96 units are "100% occupied" and described community-oriented ground-floor uses:…
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