City and County of Denver - File #: 23-1202

• File #: 23-1202
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 9/4/2023
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 10/16/2023
• Final action: 10/16/2023
• Title: A resolution approving a proposed Agreement between the City and County of Denver and Habitat for Humanity of Metro Denver, Inc. to finance construction of 17 income-restricted units, known as Clara Brown Commons, to be sold to qualifying households. Approves a loan agreement with Habitat for Humanity of Metro Denver, Inc. in the amount of $1,275,000 to finance construction of 17 income-restricted units, known as Clara Brown Commons, to be sold to qualifying households, in Council District 9 (HOST-202369354). The last regularly scheduled Council meeting within the 30-day review period is on 11-6-2023. The Committee approved filing this item at its meeting on 9-13-2023.
• Indexes: Anne Wallace

Date	Ver.	Action By	Action	Result
10/16/2023	1	Council President	signed
10/16/2023	1	City Council	adopted	Pass
9/13/2023	1	Safety, Housing, Education & Homelessness Committee	approved by consent	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 9-11-2023

Requesting Agency: Housing Stability
Division:

Subject Matter Expert Name: Alex Marqusee
Email Address: alex.marqusee@denvergov.org
Phone Number:

Item Title & Description:
(Do not delete the following instructions)
These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney's Office should enter the title above the description (the title should be in bold font).

Both the title and description must be entered between the red "title" and "body" below. Do not at any time delete the red "title" or "body" markers from this template.
title
A resolution approving a proposed Agreement between the City and County of Denver and Habitat for Humanity of Metro Denver, Inc. to finance construction of 17 income-restricted units, known as Clara Brown Commons, to be sold to qualifying households.
Approves a loan agreement with Habitat for Humanity of Metro Denver, Inc. in the amount of $1,275,000 to finance construction of 17 income-restricted units, known as Clara Brown Commons, to be sold to qualifying households, in Council District 9 (HOST-202369354). The last regularly scheduled Council meeting within the 30-day review period is on 11-6-2023. The Committee approved filing this item at its meeting on 9-13-2023.
body

Affected Council District(s) or citywide?
Council District 9

Contract Control Number:
HOST-202369354

Vendor/Contractor Name (including any "DBA"):
Habitat for Humanity of Metro Denver, Inc.

Type and Scope of services to be performed:
The Clara Brown Commons includes 17 units of homeownership housing which will be restricted to lower income families earning less than 80% of AMI. Resale of homes will be restricted to households earning up to 100% of AMI. Habitat provides access to below-market-rate financing that ensures PITI will not exceed 30% of a household's income. The...