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26-0118

A resolution approving a proposed Loan Agreement between the City and County of Denver and 1600 Pearl LLLP to finance the construction of income-restricted units and the rehabilitation of income-restricted units, to be rented to qualifying households, in Council District 10. Approves a loan agreement between the City and County of Denver and Northeast Denver Housing Center (NDHC), under the borrower entity 1600 Pearl LLLP, in the amount of $4,522,862.00 in a cash flow loan for 60 years to finance the construction of 113 income-restricted units and the rehabilitation of 20 income-restricted units, for a total of 133 income-restricted units to be rented to qualifying households, in Council District 10 (HOST-202683206). The last regularly scheduled Council meeting within the 30-day review period is on 3-16-2026. The Committee approved filing this item at its meeting on 2-10-2026.

Resolution Adopted Introduced February 3, 2026

What this record is

Amount
$4.52M
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
Community Planning and Housing
Requested by
Department of Housing Stability
Introduced
February 3, 2026
On agenda
February 23, 2026
Passed
February 23, 2026

Where it was heard

City Council Feb 23, 2026 adopted Pass Mayor-Council Feb 17, 2026 Community Planning and Housing Feb 10, 2026 approved by consent