A resolution approving a proposed Loan Agreement between the City and County of Denver and Second Chance Center, Inc. to assist with the development and construction of one hundred twenty-eight income-restricted units to be rented at prices affordable to qualifying households in Council District 7. Approves a loan agreement with Second Chance Center, Inc. for $5,350,000 to assist with the development and construction of one hundred twenty-eight income-restricted units to be rented at prices affordable to qualifying households, which will be known as Residences on Acoma, in Council District 7(HOST-202472784). The last regularly scheduled Council meeting within the 30-day review period is on 4-15-2024. The Committee approved filing this item at its meeting on 3-13-2024.

24-0295 · Resolution · Adopted

Timeline

• Mar 13, 2024: approved by consent (Safety, Housing, Education & Homelessness Committee)
• Mar 26, 2024: signed (Council President)
• Mar 26, 2024: adopted (City Council)