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25-0646

A resolution approving a proposed Loan Agreement between the City and County of Denver and Denver Dry Preservation, LLC to finance the rehabilitation and adaptive reuse of a multi-family residential structure to create/preserve 106 income restricted units to be leased at affordable rents to qualifying households. Approves a loan agreement between the City and County of Denver and Denver Dry Goods Preservation, LLC for $5,500,000.00 and 504 months to finance the rehabilitation and adaptive reuse of a multi-family residential structure to create/preserve 106 income restricted units to be leased at affordable rents to qualifying households, in Council District 10 (HOST-202578422). The last regularly scheduled Council meeting within the 30-day review period is on 6-23-2025. The Committee approved filing this item at its meeting on 5-7-2025.

Resolution Adopted Introduced April 29, 2025

What this record is

Amount
$5.50M
Runs until
no end date published in this record
Type
contract

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 29, 2025
On agenda
June 2, 2025
Passed
June 2, 2025

Where it was heard

City Council Jun 2, 2025 adopted Pass Mayor-Council May 13, 2025