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File #: 26-0118    Version: 1
Type: Resolution Status: Adopted
File created: 2/3/2026 In control: Community Planning and Housing
On agenda: 2/23/2026 Final action: 2/23/2026
Title: A resolution approving a proposed Loan Agreement between the City and County of Denver and 1600 Pearl LLLP to finance the construction of income-restricted units and the rehabilitation of income-restricted units, to be rented to qualifying households, in Council District 10. Approves a loan agreement between the City and County of Denver and Northeast Denver Housing Center (NDHC), under the borrower entity 1600 Pearl LLLP, in the amount of $4,522,862.00 in a cash flow loan for 60 years to finance the construction of 113 income-restricted units and the rehabilitation of 20 income-restricted units, for a total of 133 income-restricted units to be rented to qualifying households, in Council District 10 (HOST-202683206). The last regularly scheduled Council meeting within the 30-day review period is on 3-16-2026. The Committee approved filing this item at its meeting on 2-10-2026.
Indexes: Lucas Palmisano
Attachments: 1. RR26-0118_HOST_1600 Pearl_Resolution Request, 2. 26-0118 Filed Resolution_1600 Pearl LLLP, 3. 26-0118_Filed_Resolution_1600_Pearl_LLLP, 4. 26-0118_1600 Pearl_Vendor Signed Loan, 5. 26-0118_Filed_Resolution_1600_Pearl_LLLP.pdf
Other/Miscellaneous Request Template (Appointments; ROW; Code Changes; Zoning Action, etc.)

Date Submitted: 02-09-2026

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 1600 Pearl LLLP to finance the construction of income-restricted units and the rehabilitation of income-restricted units, to be rented to qualifying households, in Council District 10.
Approves a loan agreement between the City and County of Denver and Northeast Denver Housing Center (NDHC), under the borrower entity 1600 Pearl LLLP, in the amount of $4,522,862.00 in a cash flow loan for 60 years to finance the construction of 113 income-restricted units and the rehabilitation of 20 income-restricted units, for a total of 133 income-restricted units to be rented to qualifying households, in Council District 10 (HOST-202683206). The last regularly scheduled Council meeting within the 30-day review period is on 3-16-2026. The Committee approved filing this item at its meeting on 2-10-2026.
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 Bil...

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