A resolution approving a proposed Loan Agreement between the City and County of Denver and Mercy Housing Mountain Plains to finance construction of 190 income-restricted units to be leased at rents affordable to qualifying households in Council District 3. Approves the loan agreement with Mercy Housing Mountain Plains in the amount of $8,550,000 to finance construction of 190 income-restricted units to be leased at rents affordable to qualifying households, in Council District 3 (HOST-202476529). The last regularly scheduled Council meeting within the 30-day review period is on 12-9-2024. The Committee approved filing this item at its meeting on 10-30-2024.

What this record is

Held by

Mercy Housing Mountain Plains 2 records across this site

Amount

$8.55M

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

contract

Field

Construction

construction contracts in CO that end within a year →
Governments publish the end date in the award. That date is when the work goes back out to bid, and it is usually stated years ahead.

Read automatically from the title of the official record. The source document below is authoritative.

Mercy Housing Mountain Plains also holds

Approves a grant agreement with Mercy Housing Mountain Plains for $2,820,000, consisting of yearly payments of $188,000, and for a term of 1-1-2026 th… $2.82M Denver, CO

Committee

Safety, Housing, Education & Homelessness Committee

Requested by

Department of Housing Stability

Introduced

October 21, 2024

On agenda

November 18, 2024

Passed

November 18, 2024

Where it was heard

City Council Nov 18, 2024 adopted Pass Mayor-Council Nov 5, 2024 Safety, Housing, Education & Homelessness Committee Oct 30, 2024 approved by consent Pass

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