A resolution approving a proposed Loan Agreement between the City and County of Denver and Habitat for Humanity of Metro Denver, Inc. to assist with development and construction costs of eight (8) income-restricted homeownership affordable units located 5101 Leetsdale Drive in Council District 5. Approves a loan agreement with Habitat for Humanity of Metro Denver, Inc., in the amount of $900,000 to assist with the finance costs associated with the development of eight (8) income-restricted homeownership affordable units, which will be known as Augustana Townhomes, in Council District 5 (HOST-202370649). The last regularly scheduled Council meeting within the 30-day review period is on 4-8-2024. The Committee approved filing this item at its meeting on 3-6-2024.

24-0267 · Resolution · Adopted

Timeline

• Mar 6, 2024: approved by consent (Safety, Housing, Education & Homelessness Committee)
• Mar 18, 2024: adopted (City Council)
• Mar 18, 2024: signed (Council President)