25-0540
A resolution approving a proposed Loan Agreement between the City and County of Denver and The Empowerment Program, Inc. to finance the demolition and new construction of a multi-family residential structure to create income restricted Permanent Supportive Housing units to be leased at affordable rents to qualifying households at 1777 Franklin St, Denver CO 80218, in Council District 10. Approves a loan agreement between the City and County of Denver and The Empowerment Program, Inc. for $3,150,000.00 and 60 years to finance the demolition and new construction of a multi-family residential structure to create 70 income restricted Permanent Supportive Housing (PSH) units to be leased at affordable rents to qualifying households at 1777 Franklin St, Denver CO 80218 in Council District 10 (HOST-202577817). The last regularly scheduled Council meeting within the 30-day review period is on 5-19-2025. The Committee approved filing this item at its meeting on 4-23-2025.
What this record is
- Amount
- $3.15M
- Runs until
- no end date published in this record
- Type
- contract
- Field
- Construction
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
- April 15, 2025
- On agenda
- April 28, 2025
- Passed
- April 28, 2025