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File #: 25-0540    Version: 1
Type: Resolution Status: Committee Consent
File created: 4/15/2025 In control: Safety, Housing, Education & Homelessness Committee
On agenda: 4/23/2025 Final action:
Title: Approves a loan agreement between the City and County of Denver and The Empowerment Program, Inc. for $3,150,000.00 and 60 years to finance the demolition and new construction of a multi-family residential structure to create 70 income restricted Permanent Supportive Housing (PSH) units to be leased at affordable rents to qualifying households at 1777 Franklin St, Denver CO 80218 in Council District 10 (HOST-202577817).
Indexes: Anne Wallace
Attachments: 1. RR25-0540_HOST_Chrysalis Apartments-Draft
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Other/Miscellaneous Request Template (Appointments; ROW; Code Changes; Zoning Action, etc.)

 

Date Submitted: 04-21-2025

 

Requesting Agency: HOST

                               Division:

 

Subject Matter Expert Name: Polly Kyle
Email Address: polly.kyle@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

Approves a loan agreement between the City and County of Denver and The Empowerment Program, Inc. for $3,150,000.00 and 60 years to finance the demolition and new construction of a multi-family residential structure to create 70 income restricted Permanent Supportive Housing (PSH) units to be leased at affordable rents to qualifying households at 1777 Franklin St, Denver CO 80218 in Council District 10 (HOST-202577817).

body

 

Affected Council District(s) or citywide?

Council District 10

Executive Summary with Rationale and Impact:

Detailed description of the item and why we are doing it. This can be a separate attachment.

 

Address/Location (if applicable):

 

Legal Description (if applicable):

 

Denver Revised Municipal Code (D.R.M.C.) Citation (if applicable):

 

Draft Bill Attached?