City and County of Denver - File #: 22-0228

• File #: 22-0228
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 2/14/2022
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 4/11/2022
• Final action: 4/11/2022
• Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and Mile High Ministries to construct a 61-unit affordable housing rental project known as Clara Brown Commons, serving low- to moderate income households. Approves a performance loan agreement with Mile High Ministries for $1,825,000 and for 60 years to construct a 61-unit affordable housing rental project known as Clara Brown Commons, serving low- to moderate-income households and located at 3700 Gaylord Street in Council District 9 (HOST-202161467). The last regularly scheduled Council meeting within the 30-day review period is on 5-2-22. The Committee approved filing this item at its meeting on 2-23-22.
• Indexes: Emily Lapel

Date	Ver.	Action By	Action	Result
4/11/2022	1	Council President	signed
4/11/2022	1	City Council	adopted	Pass
2/23/2022	1	Safety, Housing, Education & Homelessness Committee	approved for filing	Pass

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 2/14/22

Requesting Agency: HOST
Division:

Subject Matter Expert Name: Derek Woodbury
Email Address: derek.woodbury@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 Loan Agreement between the City and County of Denver and Mile High Ministries to construct a 61-unit affordable housing rental project known as Clara Brown Commons, serving low- to moderate income households.
Approves a performance loan agreement with Mile High Ministries for $1,825,000 and for 60 years to construct a 61-unit affordable housing rental project known as Clara Brown Commons, serving low- to moderate-income households and located at 3700 Gaylord Street in Council District 9 (HOST-202161467). The last regularly scheduled Council meeting within the 30-day review period is on 5-2-22. The Committee approved filing this item at its meeting on 2-23-22.
body

Affected Council District(s) or citywide? District 9

Contract Control Number: HOST-202161467

Vendor/Contractor Name (including any "DBA"): Mile High Ministries

Type and Scope of services to be performed:
Executive Summary

This project marks the first phase of the Clara Brown Commons redevelopment, which spans a full city block bordered by 37th Ave., 38th Ave., York St. and Gaylord St. in the Cole neighborhood. Developed by Mile High Ministries, the project features this 61-unit family LIHTC development. Future phases will include 17 Habit for Humanity homes and...