City and County of Denver - File #: 25-0540

• File #: 25-0540
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 4/15/2025
• In control: Safety, Housing, Education & Homelessness Committee
• On agenda: 4/28/2025
• Final action: 4/28/2025
• Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and The Empowerment Program, Inc. to finance the demolition and new construction of a multi-family residential structure to create income restricted Permanent Supportive Housing units to be leased at affordable rents to qualifying households at 1777 Franklin St, Denver CO 80218, in Council District 10. 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). The last regularly scheduled Council meeting within the 30-day review period is on 5-19-2025. The Committee approved filing this item at its meeting on 4-23-2025.
• Indexes: Anne Wallace

Date	Ver.	Action By	Action	Result
4/28/2025	1	Council President	signed
4/28/2025	1	City Council	adopted	Pass
4/23/2025	1	Safety, Housing, Education & Homelessness Committee	approved by consent

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
A resolution approving a proposed Loan Agreement between the City and County of Denver and The Empowerment Program, Inc. to finance the demolition and new construction of a multi-family residential structure to create income restricted Permanent Supportive Housing units to be leased at affordable rents to qualifying households at 1777 Franklin St, Denver CO 80218, in Council District 10.
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). The last regularly scheduled Council meeting within the 30-day review period is on 5-19-2025. The Committee approved filing this item at its meeting on 4-23-2025.
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 app...