A resolution approving a proposed Loan Agreement between the City and County of Denver and Denver Dry Preservation, LLC to finance the rehabilitation and adaptive reuse of a multi-family residential structure to create/preserve 106 income restricted units to be leased at affordable rents to qualifying households. Approves a loan agreement between the City and County of Denver and Denver Dry Goods Preservation, LLC for $5,500,000.00 and 504 months to finance the rehabilitation and adaptive reuse of a multi-family residential structure to create/preserve 106 income restricted units to be leased at affordable rents to qualifying households, in Council District 10 (HOST-202578422). The last regularly scheduled Council meeting within the 30-day review period is on 6-23-2025. The Committee approved filing this item at its meeting on 5-7-2025.

25-0646 · Resolution · Adopted

Timeline

• May 7, 2025: approved by consent (Safety, Housing, Education & Homelessness Committee)
• Jun 2, 2025: adopted (City Council)
• Jun 2, 2025: signed (Council President)