A resolution approving a proposed Loan Agreement between the City and County of Denver and Kappa Housing, Inc. to finance income-restricted units to be rented to qualifying senior households located at 9095 East 48th Ave, in Council District 8. Approves a loan agreement with Kappa Housing, Inc. for $1,050,000.00 with a 60-year covenant which shall re-lend funds to Kappa Tower III, LLLP, to finance 30 income-restricted units to be rented to qualifying senior households between 30% to 50% AMI. This project is located at 9095 East 48th Ave, in Council District 8 (HOST-202580585). The last regularly scheduled Council meeting within the 30-day review period is on 6-29-2026. The Committee approved filing this item at its meeting on 6-2-2026.

26-0746 · Resolution · Adopted

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