A resolution approving a proposed Loan Agreement between the City and County of Denver and Albion Apartments LLLP to finance the acquisition of land for a future affordable housing development containing 170 units to lease at rents affordable to qualifying households in Council District 4. Approves a loan agreement with Albion Apartments, LLLP for $6,760,000 to finance the acquisition of land for a future affordable housing development containing 170 units to lease at rents affordable to qualifying households, in Council District 4 (HOST-202475519). The last regularly scheduled Council meeting within the 30-day review period is on 10-14-2024. The Committee approved filing this item at its meeting on 9-11-2024.

24-1127 · Resolution · Adopted

Timeline

• Sep 11, 2024: approved by consent (Safety, Housing, Education & Homelessness Committee)
• Sep 23, 2024: adopted (City Council)
• Sep 23, 2024: signed (Council President)