A resolution approving a proposed Loan Agreement between the City and County of Denver and Mercy Housing Mountain Plains to finance construction of 190 income-restricted units to be leased at rents affordable to qualifying households in Council District 3. Approves the loan agreement with Mercy Housing Mountain Plains in the amount of $8,550,000 to finance construction of 190 income-restricted units to be leased at rents affordable to qualifying households, in Council District 3 (HOST-202476529). The last regularly scheduled Council meeting within the 30-day review period is on 12-9-2024. The Committee approved filing this item at its meeting on 10-30-2024.

24-1480 · Resolution · Adopted

Timeline

• Oct 30, 2024: approved by consent (Safety, Housing, Education & Homelessness Committee)
• Nov 18, 2024: signed (Council President)
• Nov 18, 2024: adopted (City Council)