24-0343
A resolution approving a proposed Loan Agreement between the City and County of Denver and Mental Health Center of Denver to assist with the development and construction of sixty (60) affordable rental dwelling units known as Sheridan Supportive Housing in Council District 3. Approves a loan agreement with Mental Health Center of Denver, doing business as WellPower in the amount of $3,100,000 and a maturity date of 60 years from date of the Promissory Note and repayment forgiven so long as borrower is in compliance with all terms and conditions of Agreement, to assist with the development and construction of sixty (60) affordable rental dwelling units known as Sheridan Supportive Housing, in Council District 3. (HOST-202472724). The last regularly scheduled Council meeting within the 30-day review period is on 6-17-2024. The Committee approved filing this item at its meeting on 3-20-2024.
What this record is
- Amount
- $3.10M
- Runs until
- no end date published in this record
- Type
- contract
- Field
- Health & social
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Safety, Housing, Education & Homelessness Committee
- Requested by
- Department of Housing Stability
- Introduced
- March 11, 2024
- On agenda
- June 3, 2024
- Passed
- June 3, 2024